Subject Originator definition

Subject Originator means any Subsidiary (organized under the laws of the United States or any state thereof) of Holdings for which the aggregate Outstanding Balance of all Receivables of such Subsidiary of Holdings do not exceed 5.0% of the aggregate Outstanding Balance off all Receivables then in the Receivables Pool.

Subject Originator means any Originator initially listed on Schedule V; provided that any such Originator may be removed from Schedule V at the direction of the Administrative Agent upon the satisfaction of the Subject Originator Conditions.

Subject Originator means each Originator and Sub-Originator other than Questcor Pharmaceuticals, Inc.

Examples of Subject Originator in a sentence

• Notwithstanding the removal of the Subject Originator as a party to the Sale Agreement, the TAA and the other Transaction Documents hereby, the Subject Originator covenants and agrees, for the benefit of the remaining parties to the Sale Agreement and the TAA, that it shall not institute against the SPV, or join any other Person in instituting against the SPV, any proceeding of a type referred to in the TAA’s definition of Event of Bankruptcy until one (1) year and one (1) day after the Final Payment Date.

• On the date hereof, the SPV hereby sells, assigns and transfers to the Subject Originator, and the Subject Originator hereby purchases and accepts all the SPV’s right, title and interest in and to each of the Subject Receivables, all Related Assets with respect thereto and the Subject Blocked Accounts; excluding, for the avoidance of doubt, any Collections received with respect to the foregoing prior to the date hereof.

• The Subject Originator acknowledges and agrees that all the SPV’s obligations (including, without limitation, any Subordinated Obligations and any obligation to pay any Deferred Purchase Price) to the Subject Originator (and its successors and assigns) under the Transaction Documents and otherwise have been finally and fully paid and performed.

• After giving effect to such removal and such assumption, the Subject Originator shall have no further rights, duties or obligations under the Sale Agreement, the TAA or any other Transaction Document.

• Effective immediately prior to the removal of the Subject Originator as a party to the Sale Agreement and the TAA pursuant to Section 1 above, the Subject Originator hereby delegates and assigns to Ashland, and Ashland hereby assumes, all the Subject Originator’s duties, obligations and liabilities under the Sale Agreement, the TAA and the other Transaction Documents.

More Definitions of Subject Originator

Subject Originator means, at any time of determination, any Subsidiary (organized under the laws of the United States or any state thereof) of Parent for which the aggregate Outstanding Balance of all Receivables of such Subsidiary of Parent does not exceed 3.0% of the aggregate Outstanding Balance of all Receivables in the Receivables Pool at such time.

Subject Originator means any Person that is joined to a Purchase and Sale Agreement as an “Originator” pursuant to Section 4.3 thereof. [Signature Pages Follow]

Subject Originator means Huntsman Building Solutions (USA) LLC.

Subject Originator means each Originator and Sub-Originator other than Mallinckrodt ARD, Inc.

Subject Originator means each of the following Originators: First Data Merchant Services, LLC; Unified Merchant Services; First Data Merchant Services Southeast, L.L.C.; Ignite Payments, LLC; First Data Merchant Services Northeast, LLC; FDS Holdings, Inc.; New Payment Services, Inc.; National Payment Systems, Inc.; CTS Holdings, LLC; Concord Payment Services, Inc.; and ValueLink, LLC.

Subject Originator means, at any time of determination, any Subsidiary (organized under the laws of the United States or any state thereof) of Parent for which the aggregate Outstanding Balance of all Receivables of such Subsidiary of Parent does not exceed 3.0% of the aggregate Outstanding Balance of all Receivables in the Receivables Pool at such time. “Subordinated Note” has the meaning set forth in Section 3.1(b) of the Purchase and Sale Agreement. “Subsidiary” means, as to any Person, a corporation, partnership, limited liability company or other entity of which shares of stock of each class or other interests having ordinary voting power (other than stock or other interests having such power only by reason of the happening of a contingency) to elect a majority of the Board of Directors or other managers of such entity are at the time owned, or management of which is otherwise controlled: (a) by such Person, (b) by one or more Subsidiaries of such Person or (c) by such Person and one or more Subsidiaries of such Person. “Sustainability Agent” means PNC Capital Markets LLC, a Pennsylvania limited liability company. “Taxes” means any and all present or future taxes, levies, imposts, duties, deductions, charges, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority and all interest, penalties, additions to tax and any similar liabilities with respect thereto. “TD Account” means account #11040302499 maintained in the name of SellerTurner Broadcasting Systems Inc. at The Toronto-Dominion Bank. “Term SOFR Administrator” means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Administrative Agent in its reasonable discretion). “Term SOFR Rate” means with respect to any Tranche Period, the interest rate per annum equal to the Term SOFR Reference Rate for a tenor comparable to such Tranche Period, as such rate is published by the Term SOFR Administrator on the day (the “Term SOFR Determination Date”) that is two (2) Business Days prior to the first day of such Tranche Period; provided,

Subject Originator means [Huntsman Building Solutions] (USA) LLC.