Examples of Dutch Originators in a sentence
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.
The European Receivables Warehouse Company wishes to re-sell and to assign, and the Selected Dutch Originators wish to re-purchase the Selected Dutch Receivables and Ancillary Rights relating thereto, on the terms and subject to the conditions set out in this Agreement.
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.
The Selected Dutch Originators shall not be entitled to off-set against the Euro Re-purchase Price or any part of it any stamp duty (or any other similar tax or duty on documents or the transfer of title to property) on any assignment of any Selected Dutch Receivable which has not been paid 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.
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 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.
Upon and subject to the terms of the Dutch Master Receivables Purchase Agreement, the Dutch Originators have sold and the European Receivables Warehouse Company has purchased certain Dutch Receivables originated by the Dutch Originators (the Dutch Receivables).
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.