Conditions Precedent to Investment by Each Participant. The obligation of each Participant to make its investment specified with respect to such Participant in Section 2 on the Initial Closing Date and the Subsequent Closing Date shall be subject to the following conditions (except that paragraph (k) and clause (i) of paragraph (p) shall not be conditions precedent to the Owner Participant's obligations hereunder and paragraph (n) and (s) and clause (ii) of paragraph (p) shall not be conditions precedent to the Loan Participant's obligations hereunder):
Appears in 2 contracts
Samples: Participation Agreement (Union Tank Car Co), Participation Agreement (Union Tank Car Co)
Conditions Precedent to Investment by Each Participant. The obligation of each Participant to make its investment specified with respect to such Participant in Section 2 on the Initial Closing Date and the Subsequent Closing Date shall be subject to the following conditions (except that paragraph (k) and clause (i) of paragraph (p) shall not be conditions precedent to the Owner Participant's obligations hereunder and paragraph (n) and (s) and clause (ii) of paragraph (p) shall not be conditions precedent to the Loan Participant's obligations hereunder):
Appears in 1 contract
Conditions Precedent to Investment by Each Participant. The ------------------------------------------------------ obligation of each Participant to make its investment specified with respect to such Participant in Section 2 on the Initial Closing Date and the Subsequent Closing Date shall be subject to the following conditions (except that paragraph (k) and clause (i) of paragraph (p) shall not be conditions precedent to the Owner Participant's obligations hereunder and paragraph (n) and (s) and clause (ii) of paragraph (p) shall not be conditions precedent to the Loan Participant's obligations hereunder):
Appears in 1 contract
Conditions Precedent to Investment by Each Participant. The obligation of each Participant to make its the investment specified with respect to such Participant in Section 2 on the Initial Closing Date and the Subsequent Closing Date shall be subject to the satisfaction or waiver of the following conditions precedent (except that paragraph (k) and clause (i) of paragraph (p) shall not be conditions precedent to the Owner Participant's obligations hereunder and paragraph (n) and (s) and clause (ii) of paragraph (p) shall not be conditions precedent to the Loan Participant's obligations hereunder):
Appears in 1 contract
Samples: Participation Agreement (General American Railcar Corp Ii)
