Examples of Dutch Originators in a sentence
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.
None of the European Receivables Warehouse Company, the European Master Purchaser, the Security Agent, any Xxxxxxxx European Note Purchaser and any Subordinated Xxxxxxxx European Note Purchaser shall be obliged to disclose any information regarding its tax affairs or computations to the 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.
The Euro Re-purchase Price payable in respect of the Selected Dutch Receivables shall be payable by the Selected Dutch Originators to the European Receivables Warehouse Company, subject to and in accordance with Clause 7.3 of the European Receivables Warehouse Company Deed of Charge, on the Termination Date in respect of the Selected Dutch Receivable.
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.
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 and the Selected Dutch Originators agree that in the event that any amounts are received from an Obligor in respect of any Selected Dutch Receivable between the date on which the Invoices File in respect thereof was delivered to the Selected Dutch Originators pursuant to Clause 2 and the Termination Date in respect thereof, such amounts will be for the account of the Selected Dutch Originators.
Each of the Dutch Originators shall, within 3 Business Days of each Calculation Date, deliver to the European Receivables Warehouse Company, the European Master Purchaser and the Security Agent a Dutch Originator Solvency Certificate in the form set out in Schedule 3 and dated that Calculation Date.
The Dutch Originators and the European Receivables Warehouse Company agree that in the event that any amounts are received from an Obligor in respect of a Dutch Receivable which becomes a Securitised European Receivable between the date on which the Invoices File in respect thereof was delivered to the European Receivables Warehouse Company pursuant to Clause 2 and the Purchase Date in respect thereof, such amounts will be for the account of the European Receivables Warehouse Company.
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 Xxxxxxxx European Note Purchaser or any Subordinated Xxxxxxxx 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.