Originator Termination Date definition

Originator Termination Date means the earliest to occur of (i) the date of the occurrence of a Bankruptcy Event affecting the Originator, (ii) the Business Day designated by the Originator as its Withdrawal Date pursuant to Section 5.13 and (iii) the Business Day designated by the Company as the Originator Termination Date upon at least thirty days' notice to the Originator and the Agent.
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Originator Termination Date shall have the meaning assigned to such term in Section 7.01 (or corresponding Section) of the Origination Agreements. “Originator Termination Event” shall have the meaning assigned to such term in Section 7.01 (or corresponding Section) of each Origination Agreement, or such other corresponding provision, as applicable.
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Originator Termination Date has the meaning set forth in Section 6.2.
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Examples of Originator Termination Date in a sentence

  • The Originator intends such sale to be a true sale of all rights and interests of the Originator in the Purchased Receivables of the Originator in existence on the Initial Purchase Date and of each Purchased Receivable thereafter generated by the Originator as it is created until the Originator Termination Date.

  • On and after the Originator Termination Date, any outstanding obligation of the Purchaser to purchase Receivables from the Originator pursuant to any agreement formed upon the acceptance of an Offer shall thereupon automatically terminate without further notice of any kind, which the Originator hereby waives and the Originator shall not be entitled to make any further Offers.

  • Each Originator intends such sale to be a true sale of all rights and interests of such Originator in the Receivables of such Originator in existence on the Initial Purchase Date and of each Receivable thereafter generated by such Originator as it is created until the Originator Termination Date for such Originator.

  • From and after any Mandatory Originator Termination Date, the SPV shall cease buying Receivable Assets from the related Originator.

  • The Originator intends such sale to be a true sale of all rights and interests of the Originator in the Receivables in existence on the Initial Purchase Date and of each Receivable thereafter generated as it is created until the Originator Termination Date for the Originator.

  • Each Sub-Originator shall, at all times prior to the Originator Termination Date for such Sub-Originator, be a direct or indirect Qualifying Subsidiary of the Parent.


More Definitions of Originator Termination Date

Originator Termination Date means the “Termination Date” under, and as defined in, the Receivables Purchase Agreement.
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Related to Originator Termination Date

  • Senior Termination Date For each Senior Certificate Group, the Distribution Date on which the aggregate Class Certificate Balance of the related Classes of Senior Certificates has been reduced to zero.

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Servicer Termination Event shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, any analogous concept under the servicing agreement pursuant to which the Mortgage Loan is being serviced in accordance with the terms of this Agreement.

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

  • Loan Termination Date means the earliest to occur of the following: (i) as to TERM NOTE 2, TERM NOTE 4, and TERM NOTE 5, September 1, 2011; as to the REVOLVING NOTE, April 21, 2006; (ii) the date the OBLIGATIONS are accelerated pursuant to this AGREEMENT, and (iii) the date BANK receives (a) notice in writing from BORROWER of BORROWER’S election to terminate this AGREEMENT and (b) indefeasible payment in full of the OBLIGATIONS.

  • Special Servicer Termination Event shall have the meaning given to such term in the Lead Securitization Servicing Agreement.

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Event Termination Date See Section 2(e) hereof.

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).

  • Servicer Termination Events (or any analogous term under the Lead Securitization Servicing Agreement) include customary market termination events with respect to failure to make advances, failure to timely remit payments to the Non-Lead Note Holders as required hereunder or under the Lead Securitization Servicing Agreement (subject to no more than one business day grace period), failure to timely deposit amounts into any REO Account or to remit to a Servicer for deposit into a related collection or custodial account, failure to deliver (or cause to be delivered) materials or information required in order for each Non-Lead Note Holder or each Non-Lead Depositor to timely comply with its obligations under the Exchange Act, the Securities Act and Form SF-3, and for rating agency downgrades or other triggers with respect to any certificates issued in connection with a Non-Lead Securitization, subject to customary grace periods (provided that, in the case of failures related to the securities laws, such grace periods will not cause a Non-Lead Depositor to fail to comply with the applicable provisions of such securities laws). Upon the occurrence of such a Servicer Termination Event with respect to the Master Servicer affecting a Non-Lead Securitization Note Holder and the Master Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Master Servicer shall be required, upon the direction of such Non-Lead Securitization Note Holder, to appoint a subservicer with respect to such Non-Lead Securitization Note. Upon the occurrence of a Servicer Termination Event with respect to the Special Servicer affecting a Non-Lead Securitization Note Holder and the Special Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Trustee shall, upon direction of such Non-Lead Securitization Note Holder, terminate the Special Servicer with respect to, but only with respect to, the Mortgage Loan;

  • Servicer Termination Notice Defined in Section 6.15.

  • Event of Servicer Termination With respect to the Servicing Agreement, a Servicing Default as defined in Section 6.01 of the Servicing Agreement.

  • Lease Termination Date means the last day of the Lease Term.

  • Servicer Termination Test With respect to any Distribution Date, the Servicer will fail the Servicer Termination Test if the Realized Loss Percentage for the Mortgage Loans exceeds the applicable percentages set forth below with respect to such Distribution Date: Distribution Date Occurring In Percentage January 2006 through December 2007 2.75% January 2008 through December 2008 3.25% January 2009 through December 2009 3.75% January 2010 and thereafter 4.50%

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Scheduled Termination Date means the date that is 364 days from (and including) the Effective Date, or any succeeding date to which the term of this Agreement is extended pursuant to Section 2.03.

  • Accrual Termination Date Not applicable.

  • Liquidity Termination Date means the earlier to occur of the following:

  • Series Termination Date means, with respect to any Series of Certificates, the date stated in the related Supplement.

  • Master Servicer Termination Test With respect to any Distribution Date, the Master Servicer Termination Test will be failed if the Cumulative Loss Percentage exceeds 4.00%.

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • Revolver Termination Date means the date that is the four (4) year anniversary of the Restatement Effective Date, unless extended with the consent of each Lender in its sole and absolute discretion.

  • Accretion Termination Date As defined in the Series Supplement.