Partial Satisfaction. In the event that a condition specified above to Seller's obligation is not satisfied but only in respect of a particular Loan or Loans, then Seller's obligations shall remain enforceable by Purchaser with respect to all Loans as to which the condition is satisfied; provided, however, that if a majority in unpaid principal amount of the Loans would not be purchased and sold at Closing as otherwise contemplated by reason of application of this Section 7.5, then this Section 7.5 shall not apply.
Appears in 1 contract
Sources: Loan Purchase Agreement (Premier Financial Bancorp Inc)
Partial Satisfaction. In the event that a condition specified above to SellerPurchaser's obligation is not satisfied but only in respect of a particular Loan or Loans, then SellerPurchaser's obligations shall remain enforceable by Purchaser Seller with respect to all Loans as to which the condition is satisfied; provided, however, that if a majority in unpaid principal amount of the Loans would not be purchased and sold at Closing as otherwise contemplated by reason of application of this Section 7.56.5, then this Section 7.5 6.5 shall not apply.
Appears in 1 contract
Sources: Loan Purchase Agreement (Premier Financial Bancorp Inc)