New Originator definition
Examples of New Originator in a sentence
New Originator has executed this Joinder Agreement as of the _____ day of ____________________.
From and after the later of the date hereof and the date that the New Originator has complied with all of the requirements of Section 4.3 of the Purchase and Sale Agreement, the New Originator shall be an Originator for all purposes of the Purchase and Sale Agreement and all other Transaction Documents and shall have all the rights and obligations of an Originator thereunder.
Upon effectiveness of this Amendment, each New Originator shall be an “Originator” for all purposes of the Purchase and Sale Agreement and each of the other Transaction Documents.
Each of the parties hereto, and the Administrator and the Purchaser Agent by their signatures hereto, acknowledges and agrees that the thirty day prior written notice requirement with respect to the New Originator set forth in Section 4.3 of the Purchase and Sale Agreement has been satisfied or waived.
The “New Originator[s]” referred to on Schedule 1 hereby agree as follows: Each New Originator agrees to become an Originator and to be bound by the terms of the Transfer and Administration Agreement, the Sale Agreement and each of the other Transaction Documents.