Originator definition

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

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Originator and “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.

Originator means, with respect to any Receivable, Santander Consumer.

Examples of Originator in a sentence

If any payments on the Pool Receivables or other Collections are received by the Seller, the Servicer or an Originator, it shall hold such payments in trust for the benefit of the Administrative Agent, the Purchasers and the other Secured Parties and promptly (but in any event within one (1) Business Day after receipt) remit such funds into a Collection Account.
The Performance Guarantor shall continue to own, directly or indirectly, 100% of the issued and outstanding Capital Stock and other equity interests of each Originator, the Servicer and the Seller.
This Agreement has been duly executed and delivered by the Originator, the Seller and the Collection Agent.
Each Originator shall ensure that the full amount of available funds in each Sweep Account is swept daily into a Collection Account pursuant to standing sweep instructions that remain in full force and effect.
All Pool Receivables: (i) were originated by such Originator in the ordinary course of its business, (ii) were sold to Buyer for fair consideration and reasonably equivalent value and (iii) represent all, or a portion of the purchase price of merchandise, insurance or services within the meaning of Section 3(c)(5)(A) of the Investment Company Act.

More Definitions of Originator

Originator s bank” means (i) the receiving bank to which the payment order of the originator is issued if the originator is not a bank, or (ii) the originator if the originator is a bank.

Originator has the meaning set forth in the preamble to the Agreement.

Originator has the meaning set forth in the Sale Agreement.

Originator means each Person from time to time party to the Sale Agreement as an Originator.

Originator is defined in the Preamble.

Originator means either of the following:

Originator means CNHICA.