Conditions to Obligation of Ally Auto Sample Clauses
The "Conditions to Obligation of Ally Auto" clause defines the specific requirements that must be satisfied before Ally Auto is legally required to fulfill its obligations under the agreement. Typically, these conditions may include the completion of due diligence, receipt of necessary approvals, or the absence of material adverse changes affecting the transaction. By clearly outlining these prerequisites, the clause ensures that Ally Auto is only bound to perform once all agreed-upon conditions are met, thereby protecting the party from unforeseen risks or incomplete preparations.
Conditions to Obligation of Ally Auto. The obligation of Ally Auto to purchase the Receivables hereunder and pursuant to the First Step Receivables Assignment is subject to the satisfaction of the following conditions:
Conditions to Obligation of Ally Auto. The obligation of Ally Auto to purchase the Secured Notes hereunder and pursuant to the First Step Secured Notes Assignment is subject to the satisfaction of the following conditions: