Originator Indemnification Event definition

Originator Indemnification Event shall have the meaning assigned to such term in Section 2.06(b) (or corresponding section) of the Origination Agreements.

Originator Indemnification Event shall have the meaning assigned to it in Section 2.06(b) of the Sale Agreement.

Examples of Originator Indemnification Event in a sentence

• The Purchaser shall have no further remedy against the Originator in respect of such an Originator Indemnification Event unless the Originator fails to make an Originator Indemnification Payment on or prior to such tenth Business Day or on such earlier day in accordance with the proviso set forth in this Clause 2.8(b).

• The Purchaser shall have no further remedy against the Originator in respect of such an Originator Indemnification Event unless the Originator fails to make the Originator Indemnification Payment on or prior to such tenth Business Day or on such earlier day in accordance with the provisions set forth in this Clause 2.8(b).

• If, on or prior to such 30th Business Day, the applicable Originator shall make such payment, then the Buyer shall have no further remedy against such Originator in respect of such Originator Indemnification Event.

• Such payment shall be made on or prior to the 30th Business Day after the day the Buyer requests such payment or the applicable Originator obtains knowledge that such payment is due unless such Originator Indemnification Event shall have been cured on or before such 30th Business Day; provided, however, that in the event that a Purchase Termination Event with respect to such Originator has occurred and is continuing, such Originator shall make such payment immediately.

• The Purchaser shall have no further remedy against such Originator in respect of such an Originator Indemnification Event unless such Originator fails to make an Originator Indemnification Payment on or prior to such 10th Business Day or on such earlier day in accordance with the proviso set forth in this subsection 2.06(b).