CONDITIONS PRECEDENT TO TRANSFER DATES AND COLLATERAL VALUE EXCESS DATES Sample Clauses

CONDITIONS PRECEDENT TO TRANSFER DATES AND COLLATERAL VALUE EXCESS DATES. (a) On each Transfer Date, the Depositor shall convey to the Issuer, the Loans and the other property and rights related thereto described in the related S&SA Assignment, the Issuer, only upon the satisfaction of each of the conditions set forth below on or prior to such Transfer Date, shall deposit or cause to be deposited cash in the amount of the Additional Note Principal Balance in the Advance Account in respect thereof, and the Servicer shall, promptly after such deposit, withdraw the amount deposited in respect of applicable Additional Note Principal Balance from the Advance Account, and distribute such amount to or at the direction of the Depositor. In the case of Table-Funded Loans, the Initial Noteholder (acting pursuant to the instructions of the Issuer and Depositor, which are hereby given) shall disburse the related amount in respect of Additional Note Principal Balances to the Settlement Agent for distribution in accordance with the related Escrow Instructions, as applicable.
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CONDITIONS PRECEDENT TO TRANSFER DATES AND COLLATERAL VALUE EXCESS DATES. (a) On each Transfer Date, the Depositor, ANB and ABC, as applicable, shall convey to the Issuer, the Loans and the other property and rights related thereto described in the related S&SA Assignment, and the Issuer shall cause the Initial Noteholder, pursuant to and subject to the Note Purchase Agreement, only upon the satisfaction of each of the conditions set forth below on or prior to such Transfer Date, to deposit or cause to be deposited cash in the amount of the Additional Note Principal Balance in the Advance Account (or in the case of Wet Funded Loans, in the Reserve Account to the extent of the Sales Prices therefor) in respect thereof, and the Servicer shall, promptly after such deposit, withdraw the amount deposited in respect of applicable Additional Note Principal Balance from the Advance Account, and distribute such amount to or at the direction of the Depositor, ANB and ABC. As of each Transfer Date:
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CONDITIONS PRECEDENT TO TRANSFER DATES AND COLLATERAL VALUE EXCESS DATES. (a) On each Transfer Date, the Depositor shall convey to the Issuer, the Loans and the other property and rights related thereto described in the related S&SA Assignment, the Issuer, only upon the satisfaction of each of the conditions set forth below on or prior to such Transfer Date, shall deposit or cause to be deposited cash in the amount of the Additional Note Principal Balance in the Advance Account in respect thereof, and the Servicer shall, promptly after such deposit, withdraw the amount deposited in respect of applicable Additional Note Principal Balance from the Advance Account, and distribute such amount to or at the direction of the Depositor.
Sample 1
CONDITIONS PRECEDENT TO TRANSFER DATES AND COLLATERAL VALUE EXCESS DATES. (a) On each Transfer Date, the Depositor, ANB and ABC, as applicable, shall convey to the Issuer, the Loans and the other property and rights related thereto described in the related S&SA Assignment, and the Issuer, only upon the satisfaction of each of the conditions set forth below on or prior to such Transfer Date, shall deposit or cause to be deposited cash in the amount of the Additional Note Principal Balance in the Advance Account (or in the case of Wet Funded Loans, in the Reserve Account to the extent of the Sales Prices therefor) in respect thereof, and the Servicer shall, promptly after such deposit, withdraw the amount deposited in respect of applicable Additional Note Principal Balance from the Advance Account, and distribute such amount to or at the direction of the Depositor, ANB and ABC, respectively.
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Related to CONDITIONS PRECEDENT TO TRANSFER DATES AND COLLATERAL VALUE EXCESS DATES

  • Conditions Subsequent to the Initial Extension of Credit The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers to so perform or cause to be performed constituting an Event of Default):

  • Conditions Precedent to the Initial Extension of Credit The obligation of each Lender to make its initial extension of credit provided for hereunder, is subject to the fulfillment, to the satisfaction of Agent and each Lender of each of the conditions precedent set forth on Schedule 3.1 (the making of such initial extension of credit by a Lender being conclusively deemed to be its satisfaction or waiver of the conditions precedent).

  • Conditions Precedent to the Initial Advance The obligations of the Banks hereunder and the obligation of each Bank to make the Initial Advance are subject to the condition precedent that Administrative Agent shall have received and approved on or before the Closing Date (other than with respect to paragraph (10) below which shall be required prior to the Initial Advance) each of the following documents, and each of the following requirements shall have been fulfilled:

  • Conditions Precedent to the Closing Date The obligation of the Lenders to execute this Agreement and make any requested Loans on the Closing Date is subject to the prior satisfaction of each of the following conditions (unless waived in writing by Administrative Agent with the consent of the Lenders):

  • Conditions to Subsequent Advances Lenders will have no obligation to fund any Advance after the initial Revolving Loan Advance unless:

  • Conditions Precedent to the Effective Date The occurrence of the Effective Date pursuant to Section 13.10 is subject to the satisfaction of the following conditions:

  • Conditions Precedent to the Obligations of the Company to sell Shares at the Closing. The Company’s obligation to sell and issue to the Purchaser the Allocated Shares at the Closing is subject to the fulfillment to the satisfaction of the Company on or prior to the Closing Date of the following conditions, any of which may be waived by the Company:

  • Initial Conditions Precedent The obligation of the Lenders to effect or permit the occurrence of the first Credit Event hereunder, whether as the making of a Loan or the issuance of a Letter of Credit, is subject to the satisfaction or waiver of the following conditions precedent:

  • Conditions Precedent at Closing Date The obligation of the Lenders to make Loans, and of any LC Issuer to issue Letters of Credit, is subject to the satisfaction of each of the following conditions on or prior to the Closing Date:

  • Additional Conditions Precedent No Lender has any obligation to make any Loan (including its first), and LC Issuer has no obligation to issue any Letter of Credit (including its first), unless the following conditions precedent have been satisfied:

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