Common use of Initial and Subsequent Transactions Clause in Contracts

Initial and Subsequent Transactions. The making of each Transaction with Seller (including the initial Transaction) on any Business Day is subject to the delivery of all Transaction Asset Documents pertaining to the Eligible Transaction Assets to be sold for such Transactions, including a Confirmation, duly executed and delivered by Seller, together with all applicable documents required by Section 3.03(b) and the satisfaction of the following further conditions precedent, both immediately prior to the entering of such Transaction and also after giving effect thereto and to the intended use thereof: