Common use of Delivery Date Conditions Clause in Contracts

Delivery Date Conditions. The obligation of each Participant, the Owner Trustee and Indenture Trustee to participate in the transactions contemplated hereby on each Delivery Date shall be subject to the following conditions precedent (except that paragraph (16) shall not be a condition precedent to Owner Participant’s obligations hereunder and paragraph (17), as it relates to Loan Participant, shall not be a condition precedent to Loan Participant’s obligations):

Appears in 1 contract

Sources: Participation Agreement (Kansas City Southern)

Delivery Date Conditions. The obligation of each Participant, the Owner Trustee and Indenture Trustee to participate in the transactions contemplated hereby on each the Delivery Date shall be subject to the following conditions precedent (except that paragraph (16) shall not be a condition precedent to Owner Participant’s obligations hereunder and paragraph (17), as it relates to Loan Participant, ) shall not be a condition precedent to Loan Participant’s obligations):

Appears in 1 contract

Sources: Participation Agreement (Kansas City Southern)