Common use of Substitution of Contracts Clause in Contracts

Substitution of Contracts. On any day prior to the occurrence of the Termination Date, the Buyer may, in its sole discretion, by written notice to the Seller, request that any Contract be replaced by one or more other Contracts (each, a "Substitute Contract"), provided that no such replacement shall occur unless each of the following conditions is satisfied as of the date of such replacement and substitution:

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Fidelity Leasing Inc), Purchase and Sale Agreement (Resource America Inc)

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Substitution of Contracts. On any day prior to the occurrence of the Termination Date, the Buyer may, may in its sole discretion, by written notice to the SellerOriginator, request that any Contract be replaced by one or more other Contracts (each, a "Substitute Contract"), provided that no such replacement shall occur unless each of the following conditions is satisfied as of the date of such replacement and substitution:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Fidelity Leasing Inc)

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Substitution of Contracts. On any day prior to the occurrence of the Termination Date, the Buyer may, in its sole discretion, by written notice to the applicable Seller, request that any Contract be replaced by one or more other Contracts (each, a "Substitute Contract"); provided, provided however, that no such replacement shall occur unless each of the following conditions is satisfied as of the date of such replacement and substitution:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Fidelity Leasing Inc)

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