Examples of Dutch Originators in a sentence
If the Dutch Originators fail to pay any sum payable by the Dutch Originators to the European Receivables Warehouse Company, the European Master Purchaser, the Security Agent, any Xxxxxxxx European Note Purchaser or any Subordinated Xxxxxxxx European Note Purchaser under this Agreement when due the Dutch Originators shall pay interest on such sum from the date when it became due and payable to the date of payment at the rate of the aggregate of 3 per cent.
None of the European Receivables Warehouse Company, the European Master Purchaser, the Security Agent, any Xxxxxxxx European Note Purchaser and any Subordinated Xxxxxxxx European Note Purchaser shall be obliged to disclose any information regarding its tax affairs or computations to the Dutch Originators.
The Dutch Originators shall hold as fiduciary agent for the sole benefit of the European Receivables Warehouse Company any contracts and other documentary items and evidence relating to all outstanding Dutch Receivables at the offices specified in Clause 7.2 of the Framework Deed.
The European Receivables Warehouse Company shall not be obliged to pay any sum to the Dutch Originators in respect of the Purchase Price of a Dutch Receivable or Surplus Discount except as provided for in Clause 4 or this Clause 5.
Bankruptcy judges, trustees and scholars have been outspoken about the destructive nature of the type of changes to chapter 13 proposed by HR 333.
Each of the Dutch Originators shall, within 3 Business Days of each Calculation Date, deliver to the European Receivables Warehouse Company, the European Master Purchaser and the Security Agent a Dutch Originator Solvency Certificate in the form set out in Schedule 3 and dated that Calculation Date.
Whenever any amount is due, owing or payable to any of the Dutch Originators under or in connection with this Agreement, payment of such sum in cleared funds into the relevant Dutch Originator’s bank account shall constitute a complete discharge of the obligation to pay such amounts.
The Selected Dutch Originators shall not be entitled to off-set against the Euro Re-purchase Price or any part of it any stamp duty (or any other similar tax or duty on documents or the transfer of title to property) on any assignment of any Selected Dutch Receivable which has not been paid by the European Receivables Warehouse Company.
To the extent the European Receivables Warehouse Company is not indemnified under Clause 11.2, the European Receivables Warehouse Company shall not have any obligation or liability with respect to any Dutch Receivables or with respect to any of the Contracts under which they arise nor will the European Receivables Warehouse Company be required to perform any of the obligations of the Dutch Originators and, as the case may be, the Parent under such Contracts.
Consideration: The consideration payable by the Selected Dutch Originators to the European Receivables Warehouse Company in respect of the purchase of the benefit of the Selected Dutch Receivables shall (subject to the provisions below) be the Euro Re-purchase Price, which shall be payable in accordance with Clause 5.