Applicable Originator definition

Applicable Originator means the Originator which generated a specific Receivable (or Receivables).
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Examples of Applicable Originator in a sentence

  • The Credit and Collection Policy of the Applicable Originator has been complied with in all material respects in regard to each Receivable and related Contract.

  • With respect to each Receivable transferred to Seller under the Receivables Sale Agreement, Seller has given reasonably equivalent value to the Applicable Originator in consideration therefor and such transfer was not made for or on account of an antecedent debt.

  • Each Receivable is an obligation of an Obligor arising out of a past, current or future sale or performance by the Applicable Originator, in accordance with the terms of the Contract giving rise to such Receivable.

Related to Applicable Originator

  • Originator means the sender of the first payment order in a funds transfer.

  • Originators have the meaning set forth in the Purchase and Sale Agreement, as the same may be modified from time to time by adding new Originators or removing Originators, in each case with the prior written consent of the Administrative Agent.