Common use of Conditions to Purchases Clause in Contracts

Conditions to Purchases. The Buyer's obligation to make a Purchase (other than the Initial Purchase) on any Purchase Date shall be subject to satisfaction of the following applicable conditions precedent: (a) the truth and correctness of the representations and warranties in Article III hereof as of the date of such Purchase as though made on and as of such date; (b) compliance with the covenants and agreements in Articles II and V hereof; (c) the requirement that no Termination Event or Potential Termination Event shall exist or occur as a result of such Purchase; (d) the satisfactory completion of any due diligence conducted by the Buyer with respect to the Receivables and the related Obligors and Contracts which are the subject of such Purchase; and (e) the receipt by the Buyer of any approvals, opinions or other documents as the Buyer shall have reasonably requested.

Conditions to Purchases. The Buyer's obligation to make a Purchase (other than the Initial Purchase) on any Purchase Date shall be subject to satisfaction of the following applicable conditions precedent: (a) the truth and correctness of of: (i) the representations and warranties in Article III Section 3.1 hereof as of the date such Purchase Date, as though made on and as of such Purchase date, and (ii) the representations and warranties in Section 3.2 of this Agreement, as though made on and as of such date; (b) compliance with the covenants Originator shall have taken all actions necessary or advisable to maintain a perfected first priority security interest of the Buyer in and agreements to the Purchased Assets (including in Articles II and V hereofto the Receivables purchased on such Purchase Date); (c) the requirement that no Termination Event or Potential Termination Event shall exist or occur as a result of such Purchase; (d) the satisfactory completion by the Buyer of any due diligence conducted determined necessary by the Buyer with respect to the Receivables and the related Obligors and Contracts which are the subject of being Purchased on such Purchase; anddate; (ed) the receipt by the Buyer of any all approvals, opinions or other documents as the Buyer shall have reasonably requested.