Common use of Initial Transaction Clause in Contracts

Initial Transaction. The obligation of Administrative Agent and Buyers to enter into Transactions with the Sellers hereunder is subject to the satisfaction, immediately prior to or concurrently with the entering into such Transaction, of the condition precedent that Administrative Agent and ▇▇▇▇▇▇ shall have received all of the following items, each of which shall be satisfactory to Administrative Agent and its counsel in form and substance:

Appears in 4 contracts

Sources: Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

Initial Transaction. The obligation of Administrative Agent and Buyers to enter into Transactions with the Sellers Seller hereunder is subject to the satisfaction, immediately prior to or concurrently with the entering into such Transaction, of the condition precedent that Administrative Agent and ▇▇▇▇▇▇ Buyers shall have received all of the following items, each of which shall be satisfactory to Administrative Agent and its counsel in form and substance:

Appears in 4 contracts

Sources: Master Repurchase Agreement (PennyMac Financial Services, Inc.), Master Repurchase Agreement (PennyMac Financial Services, Inc.), Master Repurchase Agreement (PennyMac Financial Services, Inc.)

Initial Transaction. The obligation of Administrative Agent and Buyers to enter into Transactions the initial Transaction with the Sellers Seller hereunder is subject to the satisfaction, immediately prior to or concurrently with the entering into such Transaction, of the condition precedent that Administrative Agent and ▇▇▇▇▇▇ Buyers shall have received all of the following items, each of which shall be satisfactory to Administrative Agent and its counsel in form and substance:

Appears in 1 contract

Sources: Master Repurchase Agreement (PennyMac Financial Services, Inc.)

Initial Transaction. The obligation of Administrative Agent and Buyers ▇▇▇▇▇▇ to enter into Transactions with the Sellers hereunder is subject to the satisfaction, immediately prior to or concurrently with the entering into such Transaction, of the condition precedent that Administrative Agent and ▇▇▇▇▇▇ Buyers shall have received all of the following items, each of which shall be satisfactory to Administrative Agent and its counsel in form and substance:

Appears in 1 contract

Sources: Repurchase Agreement (PennyMac Mortgage Investment Trust)