Originator Notes definition

Originator Notes has the meaning set forth in the Sale Agreement.

Originator Notes means the subordinated promissory notes, each of which is (i) payable to the Authorized Representative as the paying agent for one or more Originators and (ii) is substantially in the form of Exhibit B attached hereto, as each such note may be amended, restated, supplemented or otherwise modified from time to time in accordance with its terms and the terms hereof.

Originator Notes means (i) those two (2) certain Originator's Notes dated as of May 12, 2000 executed by Conn Funding I LP payable to order of CAI and CAILP, respectively, delivered pursuant to the terms and provisions of the Receivables Purchase Agreement, and (ii) those two (2) certain Originator's Notes dated as of September 13, 2002 executed by Conn Funding II LP payable to order of CAI and CAILP, respectively, delivered pursuant to the terms and provisions of the Receivables Purchase Agreement, as the same may be renewed, extended, modified or rearranged from time to time.

Examples of Originator Notes in a sentence

• Permitted ABS Originator Notes: the subordinated promissory notes, in form and substance reasonably acceptable to Agent, made by Securitization Subsidiary in favor of a Borrower evidencing that portion of the purchase price represented by Debt incurred by Securitization Subsidiary in connection with its purchase of Securitization Contracts and related assets from a Borrower pursuant to the Permitted ABS Purchase Agreement.

• Each of the Released Originator Notes is hereby cancelled and shall have no further force or effect.

• Subject to the --------------------------- limitations set forth in clause (iii) below, the Seller may make ------------ Restricted Payments so long as such Restricted Payments are made only to an Originator and only in the form of payments under the Originator Notes.

• Except as provided for herein, the Issuer shall not create, incur, assume or suffer to exist any Indebtedness whether current or funded, other than (i) the Notes, (ii) Indebtedness of the Issuer representing fees, expenses and indemnities arising hereunder or under the Purchase Agreement (including the Originator Notes) for the purchase price of the Receivables under the Purchase Agreement, (iii) any Credit Enhancement, and (iv) other Indebtedness permitted pursuant to subsection 8.3(h).

• The Exiting Originator Notes are hereby cancelled and shall have no further force or effect.

• All payments under all AFC Notes and Originator Notes shall be made to Servicer for the account of the applicable payee thereof.

More Definitions of Originator Notes

Originator Notes means the subordinated promissory notes, each of which is (i) payable to the Authorized Representative as the paying agent for one or more Originators and (ii) is substantially in the form of Exhibit B attached hereto. “Outstanding Balance” of any Receivable at any time means (x) the Expected Net Value of such Receivable, minus (y) the aggregate amount of (i) all Collections received in the Concentration Account with respect to such Receivable, and (ii) all Noncomplying Receivables Adjustment with respect to such Receivable that have been applied or paid in accordance with Section 2.03.

Originator Notes shall have the meaning set forth in Section 9.1(a).

Originator Notes means the promissory notes dated as of the date hereof, executed and delivered by the Parent to each Originator pursuant to the Parent Purchase Agreement, as such promissory notes may be amended, supplemented, restated, modified or extended from time to time, and any promissory note or notes issued in exchange or replacement therefor.