Online Originated Receivable definition

Online Originated Receivable means a Receivable that is not a Branch Assisted Electronic Receivable with respect to which the loan is originated online and the related loan documentation is signed using DocuSign, Inc. technology, in each case, in accordance with the Credit Policy.
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Online Originated Receivable means a Receivable that is originated by DFC with an Obligor directly through the Online Platform. “Online Platform” means (a) the motor vehicle sale platform owned and maintained by Lithia under the tradename "Driveway," pursuant to which DFC has access enabling it to directly originate Receivables in connection with such vehicle sales, (b) any successor to such “Driveway” platform that is also owned and maintained by Lithia, and (c) any other online platform pursuant to which DFC has access enabling it to directly originate Receivables and which has been Consented to by the Required Lenders. "Opinion of Counsel" means, with respect to any Person, a written opinion of counsel, who is reasonably acceptable to the Administrative Agent. "Other Connection Taxes" means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Borrower Basic Document, or sold or assigned an interest in any Loan or Borrower Basic Document). "Other Taxes" means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Borrower Basic Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment. "Overnight Bank Funding Rate" means, for any date, the rate comprised of both overnight federal funds and overnight eurodollar transactions denominated in Dollars by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the NYFRB as set forth on the NYFRB's Website from time to time, and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate. "Owners" means the Lenders that are owners of record of the Loans or, with respect to any Loan owned by an Agent hereunder as nominee on behalf of Xxxxxxx in the related Lender Group, the Lenders that are beneficial owners of such Loan as reflected on the books of such Agent in accordance with this Agreement and the other Bas...
Sample 1
Online Originated Receivable means a Receivable that is originated by DFC with an Obligor directly through the Online Platform. “Online Platform” means (a) the motor vehicle sale platform owned and maintained by Lithia under the tradename "Driveway," pursuant to which DFC has access enabling it to directly originate Receivables in connection with such vehicle sales, (b) any successor to such “Driveway” platform that is also owned and maintained by Lithia, and (c) any other online platform pursuant to which DFC has access enabling it to directly originate Receivables and which has been Consented to by the Required Lenders. "Opinion of Counsel" means, with respect to any Person, a written opinion of counsel, who is reasonably acceptable to the Administrative Agent. "Other Connection Taxes" means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Borrower Basic Document, or sold or assigned an interest in any Loan or Borrower Basic Document). 33
Sample 1

Examples of Online Originated Receivable in a sentence

  • For the avoidance of doubt, each Online Originated Receivable shall be an Electronic Contract.

Related to Online Originated Receivable

  • Mortgage loan originator means any institution which originated a Mortgage Loan for a related Borrower.

  • Repurchased Receivable means a Receivable purchased by Santander Consumer pursuant to Section 3.4 of the Purchase Agreement or by the Servicer pursuant to Section 3.6 of the Sale and Servicing Agreement.

  • Receivables means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral.

  • Receivable any right to payment for goods sold or leased or for services rendered, whether or not such right is evidenced by an Instrument or Chattel Paper and whether or not it has been earned by performance (including, without limitation, any Account).

  • Subject Receivables has the meaning assigned to such term in the Asset Representations Review Agreement.