Dutch Originators definition
Examples of Dutch Originators in a sentence
If the Dutch Originators fail to pay any sum payable by the Dutch Originators to the European Receivables Warehouse Company, the European Master Purchaser, the Security Agent, any ▇▇▇▇▇▇▇▇ European Note Purchaser or any Subordinated ▇▇▇▇▇▇▇▇ European Note Purchaser under this Agreement when due the Dutch Originators shall pay interest on such sum from the date when it became due and payable to the date of payment at the rate of the aggregate of 3 per cent.
The Dutch Originators and, as the case may be, the Parent shall on each Calculation Date pay to the European Receivables Warehouse Company, on a joint and several and after Tax basis, an amount equal to the aggregate amount of European Receivables Warehouse Company Indemnities then due and payable by the European Receivables Warehouse Company.
On such payment, the relevant Selected Dutch Receivables together with the benefit of all Ancillary Rights related thereto shall be assigned and transferred to the Selected Dutch Originators.
The effectiveness of a European Master Purchaser Dutch Offer to Re-sell to the European Receivables warehouse Company is subject to the condition that payment of the Euro Re-purchase Price in respect of any Selected Dutch Receivable will be made in accordance with Clause 5 The Selected Dutch Originators may accept any such offer to re-sell only in the manner specified in Clause 3.1.
None of the European Receivables Warehouse Company, the European Master Purchaser, the Security Agent, any ▇▇▇▇▇▇▇▇ European Note Purchaser and any Subordinated ▇▇▇▇▇▇▇▇ European Note Purchaser shall be obliged to disclose any information regarding its tax affairs or computations to the Dutch Originators.
Consideration: The consideration payable by the Selected Dutch Originators to the European Receivables Warehouse Company in respect of the purchase of the benefit of the Selected Dutch Receivables shall (subject to the provisions below) be the Euro Re-purchase Price, which shall be payable in accordance with Clause 5.
Whenever any amount is due, owing or payable to any of the Dutch Originators under or in connection with this Agreement, payment of such sum in cleared funds into the relevant Dutch Originator’s bank account shall constitute a complete discharge of the obligation to pay such amounts.
The Dutch Originators shall hold as fiduciary agent for the sole benefit of the European Receivables Warehouse Company any contracts and other documentary items and evidence relating to all outstanding Dutch Receivables at the offices specified in Clause 7.2 of the Framework Deed.
To the extent the European Receivables Warehouse Company is not indemnified under Clause 11.2, the European Receivables Warehouse Company shall not have any obligation or liability with respect to any Dutch Receivables or with respect to any of the Contracts under which they arise nor will the European Receivables Warehouse Company be required to perform any of the obligations of the Dutch Originators and, as the case may be, the Parent under such Contracts.
The European Receivables Warehouse Company hereby notifies the Selected Dutch Originators that it intends on any Business Day to make an offer to re-sell and to assign (the European Receivables Warehouse Company Dutch Offer to Re-sell) to the Selected Dutch Originators all of its right, title, interest and benefit (present and future) in and to the Selected Dutch Receivables.