Common use of ORIGINATORS Clause in Contracts

ORIGINATORS. Until such time, if ever, that a Purchase and Sale Agreement with an Originator is executed, delivered and approved by the Administrative Agent, all references to such Originator other than SCI, or a purchase from such Originator other than SCI, shall be inoperative.

ORIGINATORS. Until such time, if ever, that a Second Tier Sale Agreement or a Purchase and Sale Agreement with an Originator is executed, delivered and approved by the Administrative AgentAgent and all Bank Purchasers, all references to such Originator other than SCI, or a purchase from such Originator other than SCI, shall be inoperative.