Originator Indemnification Payment definition

Originator Indemnification Payment shall have the meaning assigned to such term in subsection 2.06(b) of the Origination Agreements.
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Originator Indemnification Payment shall have the meaning assigned to it in Section 2.06(b) of the Sale Agreement.
Sample 1

Examples of Originator Indemnification Payment in a sentence

  • The amount of such indemnification shall be equal to the original Principal Amount of such Receivable less Collections received by the Purchaser in respect of such Receivable (the "Originator Indemnification Payment").

  • Upon the making of an Originator Indemnification Payment, the Purchaser shall automatically agree to pay to the Originator all Collections received subsequent to such payment with respect to the Receivable in respect of which an Originator Indemnification Payment is made.

  • 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).

  • Upon the making of an Originator Indemnification Payment, the Purchaser shall automatically agree to pay to the Originator all Collections received subsequent to such payment with respect to the Receivable in respect of which the Originator Indemnification Payment is made.

  • Upon an Originator Indemnification Payment, the Purchaser shall automatically agree to pay to such Originator all Collections received subsequent to such payment with respect to the Receivable in respect of which an Originator Indemnification Payment is made.

  • Upon payment of an Originator Indemnification Payment, the Buyer shall automatically agree to pay to such Originator all Collections with respect to the Receivable in respect of which an Originator Indemnification Payment is made.

  • 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).

  • Any payment by an Originator pursuant to this Section 2.06(b) is referred to as an "Originator Indemnification Payment".

Related to Originator Indemnification Payment