Examples of Originator Accounts in a sentence
Each Originator Lock-Box and Originator Account is in the name of an Originator, and an Originator owns and has good and marketable title to the Originator Accounts free and clear of any Adverse Claim.
Exhibit IV-B hereto sets forth (i) the names and addresses of all Originator Account Banks, together with the account numbers of the Originator Accounts, and (ii) the addresses of all Originator Lock-Boxes, the numbers of all associated Originator Accounts and the name and address of each Originator Account Bank.
None of the Foreign Originator Accounts are in the name of any Person other than the UK Originator, the Swiss Originator or the Canadian Originators, as applicable.
Prior to the occurrence and continuance of a Termination Event, each Servicer shall, pursuant to the Servicing Agreement, have access to the related Originator Account or Originator Accounts and shall direct the disposition of funds in such Originator Accounts, in accordance with this Section 4.3(a) and the Transaction Documents, generally.
Each Originator shall pledge its rights to all amounts in the Originator Accounts to the Seller pursuant to the relevant Sale Agreement.
Keep its principal place of business and chief executive office, and the offices where it keeps its records concerning or related to Originator Accounts, at the address(es) referred to in Exhibit D or, upon 15 days' prior written notice to the Company and the Agent, at such other locations in jurisdictions where all action required by Section 7.3 shall have been taken and completed.
Schedule II sets forth a complete listing of the Originator Accounts.
Originator has (a) all necessary power, authority and legal right (i) to execute and deliver, and perform its obligations under, this Agreement and the Servicing Agreement and (ii) to generate, own, sell, contribute and assign Originator Accounts on the terms and subject to the conditions herein and therein provided; and (b) duly authorized such execution and delivery and such sale, contribution and assignment and the performance of such obligations by all necessary corporate action.
Originator agrees that from time to time, at its expense, it will promptly execute and deliver all further instruments and documents, and take all further action that Servicer may reasonably request in order to perfect, protect or more fully evidence the Originator Accounts and Related Rights purchased by the Company hereunder, or to enable the Company to exercise or enforce any of its rights hereunder.
It is the express intent of the parties hereto that the transfers of the Originator Accounts and Related Rights by Originator to the Company, as contemplated by this Agreement be, and be treated as, sales or contributions, as applicable, and not as secured loans secured by the Originator Accounts and Related Rights.