Originator Termination Date definition

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 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.

Originator Termination Date has the meaning set forth in Section 6.2.

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.

• 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.

• On and after the Originator Termination Date, the obligation (and the option) of the Purchaser to purchase Receivables from such Originator shall thereupon automatically terminate without further notice of any kind, which is hereby waived by such 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.

• 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.

• Each Originator shall return the applicable Subordinated Note to the Buyer upon the final payment thereof after the Termination Date or such Originator’s Originator Termination Date, as applicable.

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

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

More Definitions of Originator Termination Date

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