Common use of CONDITIONS PRECEDENT TO OBLIGATIONS OF PARTICIPANTS Clause in Contracts

CONDITIONS PRECEDENT TO OBLIGATIONS OF PARTICIPANTS. The --------------------------------------------------- obligation of each Participant to make the Dollar amount of its respective Commitment available for payment as directed by the Owner Trustee on the Delivery Date is subject to satisfaction or waiver by each such Participant, on or prior to the Delivery Date, of the conditions precedent set forth below in this Section 3.01; provided, that it shall not be a condition precedent to the -------- obligation of any Participant that any document be produced or action taken that is to be produced or taken by such Participant or by a Person within such Participant's control; provided, further, that Sections 3.01(b)(iii), (xiii) and -------- ------- (xix)(H) shall not be conditions precedent to the obligation of Loan Participant and Sections 3.01(b)(xix)(B) and 3.01(r) shall not be conditions precedent to the obligation of Owner Participant:

Appears in 1 contract

Samples: Participation Agreement (Midway Airlines Corp)

AutoNDA by SimpleDocs

CONDITIONS PRECEDENT TO OBLIGATIONS OF PARTICIPANTS. The --------------------------------------------------- obligation of each Participant to make the Dollar amount of its respective Commitment available for payment as directed by the Owner Trustee on the Delivery Date is subject to satisfaction or waiver by each such Participant, on or prior to the Delivery Date, of the conditions precedent set forth below in this Section 3.01; provided, that it shall not be a condition precedent to the -------- obligation of any Participant that any document be produced or action taken that is to be produced or taken by such Participant or by a Person within such Participant's control; provided, further, that Sections 3.01(b)(iii), (xiiixii) and -------- ------- (xix)(Hxviii)(H) shall not be conditions precedent to the obligation of Loan Participant and Sections 3.01(b)(xix)(B3.01(q) and 3.01(r) shall not be conditions precedent to the obligation of Owner Participant:

Appears in 1 contract

Samples: Note Purchase Agreement (Midway Airlines Corp)

CONDITIONS PRECEDENT TO OBLIGATIONS OF PARTICIPANTS. The --------------------------------------------------- obligation of each Participant to make the Dollar amount of its respective Commitment available for payment as directed by the Owner Trustee on the Delivery Date is subject to satisfaction or waiver by each such Participant, on or prior to the Delivery Date, of the conditions precedent set forth below in this Section 3.01; provided, that it shall not be a condition precedent to the -------- obligation of any Participant that any document be produced or action taken that is to be produced or taken by such Participant or by a Person within such Participant's control; provided, further, that Sections 3.01(b)(iii), (xiii) and -------- ------- (xix)(H) shall not be conditions precedent to the obligation of any Loan Participant and Sections 3.01(b)(xix)(B3.01(q) and 3.01(r) shall not be conditions precedent to the obligation of Owner Participant:

Appears in 1 contract

Samples: Participation Agreement (Midway Airlines Corp)

AutoNDA by SimpleDocs

CONDITIONS PRECEDENT TO OBLIGATIONS OF PARTICIPANTS. The --------------------------------------------------- obligation of each Participant to make the Dollar amount of its respective Commitment available for payment as directed by the Owner Trustee on the Delivery Date is subject to satisfaction or waiver by each such Participant, on or prior to the Delivery Date, of the conditions precedent set forth below in this Section 3.01; provided, that it shall not be a condition precedent to the -------- obligation of any Participant that any document be produced or action taken that is to be produced or taken by such Participant or by a Person within such Participant's control; provided, further, that Sections 3.01(b)(iii), (xiiixii), (xix)(H) and -------- ------- (xix)(Hxx) shall not be conditions precedent to the obligation of Loan Participant and Sections 3.01(b)(xix)(B3.01(q) and 3.01(r) shall not be conditions precedent to the obligation of Owner Participant:

Appears in 1 contract

Samples: Participation Agreement (Midway Airlines Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.