Originator Receivable definition

Originator Receivable means the indebtedness of any Obligor resulting from the provision or sale of merchandise, insurance or services by the Originator under a Contract (other than Excluded Receivables), and includes the right to payment of any interest or finance charges and other obligations of such Obligor with respect thereto.

Originator Receivable means the indebtedness of any Obligor (whether present or future and whether a claim, book debt or a receivable) resulting from the provision or sale of merchandise, insurance or services by any Originator under a Contract (whether constituting an account, instrument, chattel paper or general intangible), and which, (i) includes the right to payment of any Finance Charges and other obligations of such Obligor with respect thereto and, (ii) in respect of such a claim, book debt or receivable indebtedness, the Obligor of which has a billing address in Canada, includes GST; provided, however, that the term “Originator Receivable” shall not include (x) any such indebtedness originated by ACSC, the Obligor of which has a billing address that is not in Canada or the United States or any such indebtedness originated by ACI, the Obligor of which has a billing address that is not in any Approved Country or (y) any portion of any such indebtedness, the Obligor of which has a billing address in Canada, that constitutes PST.

Originator Receivable means the indebtedness of any Obligor resulting from the provision or sale of merchandise, insurance or services by an Originator under a Contract, and includes the right to payment of any interest or finance charges and other obligations of such Obligor with respect thereto; provided, however, that from and after the MPU 43 Release Effective Date, “Originator Receivable” shall not include any MPU 43 Receivables.

Examples of Originator Receivable in a sentence

• If additional information is requested by the Obligor as to a xxxx or supporting claim documents, the Borrower will cause the applicable Originator to promptly provide the same and, if any error has been made with respect to such information, cause the applicable Originator to promptly correct the same and, if necessary, to rebill such Originator Receivable.

• The Indenture Trustee shall execute such documents and instruments of transfer or assignment and take other actions as shall reasonably be requested by the Servicer to evidence the conveyance of such Originator Receivable pursuant to this paragraph and shall release the lien of the Indenture with respect to such Receivable.

• The obligations of the Seller set forth in this subsection 2.04(e)(ii) shall constitute the sole remedy respecting any breach of the Specified Representations with respect to such affected Originator Receivable available to Noteholders or the Indenture Trustee on behalf of Noteholders.

• The Seller shall deliver to the Owner Trustee and the Indenture Trustee, not later than five Business Days after the Removal Date, a computer file or microfiche list containing a true and complete list of each Originator Receivable which as of the Removal Date shall be deemed to be a Removed Receivable, such Originator Receivables being identified by account number and the aggregate amount thereof as of the Removal Date.

• Upon the reassignment to the Servicer of such Originator Receivable, the Trust shall automatically and without further action be deemed to transfer, assign and otherwise convey to the Servicer, without recourse, representation or warranty, all the right, title and interest of the Trust in and to such Originator Receivable.

More Definitions of Originator Receivable

Originator Receivable means the indebtedness owed to any Originator by any Obligor (without giving effect to any purchase under the Purchase and Sale Agreement by The Wackenhut Corporation and any purchase under the Receivables Purchase Agreement by Wackenhut Funding Corporation, in each case, at any time) under a Contract.

Originator Receivable has the meaning specified in the Sale and Servicing Agreement.

Originator Receivable means a Receivable sold to the Transferor by the Originator pursuant to the Originator Transfer Agreement.

Originator Receivable means the indebtedness of any Obligor (other than an Obligor that does not meet the requirements of clause (i) of the definition of "Eligible Receivable") resulting from the provision or sale of merchandise or services by an Originator under a Contract, and includes the

Originator Receivable means a Receivable transferred to the Seller pursuant to the Purchase Agreement. "Owner Trustee" means Chase Manhattan Bank Delaware.

Originator Receivable means the accounts and general intangibles (within the meaning of Section 9-106 of the UCC) relating to the indebtedness of any Obligor resulting from the provision or sale of merchandise, insurance or services by an Originator, and, if pursuant to a Contract, such related Contract, and including the right to payment of any interest or finance charges and other obligations of such Obligor with respect thereto.

Originator Receivable means the indebtedness of any Obligor resulting from the provision or sale of merchandise or services by any Originator under a Contract (whether constituting an account, instrument, chattel paper or general intangible), and includes, except if the Obligor thereof has a billing address in Canada, the right to payment of any interest or finance charges and other obligations of such Obligor with respect thereto; provided, however, that the term “Originator Receivable” shall not include any Excluded Receivable.