Originator Receivable definition

Originator Receivable means the indebtedness of any Obligor resulting from the provision or sale of merchandise, insurance or services by the Originator under a Contract (other than Excluded Receivables), and includes the right to payment of any interest or finance charges and other obligations of such Obligor with respect thereto.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Originator Receivable means the indebtedness of any Obligor (whether present or future and whether a claim, book debt or a receivable) resulting from the provision or sale of merchandise, insurance or services by any Originator under a Contract (whether constituting an account, instrument, chattel paper or general intangible), and which, (i) includes the right to payment of any Finance Charges and other obligations of such Obligor with respect thereto and, (ii) in respect of such a claim, book debt or receivable indebtedness, the Obligor of which has a billing address in Canada, includes GST; provided, however, that the term “Originator Receivable” shall not include (x) any such indebtedness originated by ACSC, the Obligor of which has a billing address that is not in Canada or the United States or any such indebtedness originated by ACI, the Obligor of which has a billing address that is not in any Approved Country or (y) any portion of any such indebtedness, the Obligor of which has a billing address in Canada, that constitutes PST.

Originator Receivable means the indebtedness owed to any Originator by any Obligor (without giving effect to any purchase under the Purchase and Sale Agreement by The Wackenhut Corporation and any purchase under the Receivables Purchase Agreement by Wackenhut Funding Corporation, in each case, at any time) under a Contract.

Examples of Originator Receivable in a sentence

Upon any failure by the Servicers to timely comply with this clause (b), any Canadian Originator Receivable then existing or thereafter arising shall cease to constitute an Eligible Receivable.
If additional information is requested by the Obligor as to a ▇▇▇▇ or supporting claim documents, the Borrower will cause the applicable Originator to promptly provide the same and, if any error has been made with respect to such information, cause the applicable Originator to promptly correct the same and, if necessary, to rebill such Originator Receivable.
The Indenture Trustee shall execute such documents and instruments of transfer or assignment and take other actions as shall reasonably be requested by the Servicer to evidence the conveyance of such Originator Receivable pursuant to this paragraph and shall release the lien of the Indenture with respect to such Receivable.
Upon the reassignment to the Servicer of such Originator Receivable, the Trust shall automatically and without further action be deemed to transfer, assign and otherwise convey to the Servicer, without recourse, representation or warranty, all the right, title and interest of the Trust in and to such Originator Receivable.
Such reassigned Originator Receivable or paid Underlying Receivable shall be treated by the Trust as collected in full as of the date on which it was transferred or paid.

More Definitions of Originator Receivable

Originator Receivable means the indebtedness of any Obligor resulting from the provision or sale of merchandise, insurance or services by an Originator under a Contract, and includes the right to payment of any interest or finance charges and other obligations of such Obligor with respect thereto; provided, however, that from and after the MPU 43 Release Effective Date, “Originator Receivable” shall not include any MPU 43 Receivables.

Originator Receivable has the meaning specified in the Sale and Servicing Agreement.

Originator Receivable means a Receivable sold to the Transferor by the Originator pursuant to the Originator Transfer Agreement.

Originator Receivable means the indebtedness of any Obligor resulting from the provision or sale of merchandise by the Originator under a Contract, and includes the right to payment of any interest or finance charges and other obligations of such Obligor with respect thereto.

Originator Receivable means the indebtedness of any Obligor (other than an Obligor that does not meet the requirements of clause (i) of the definition of "Eligible Receivable") resulting from the provision or sale of merchandise or services by an Originator under a Contract, and includes the 16 22 right to payment of any interest or finance charges and other obligations of such Obligor with respect thereto. "Other Companies" means the Parent, the Originators and all of their respective Subsidiaries except the Seller. "Outstanding Balance" of any Receivable or an Originator Receivable, as the case may be, at any time means the then outstanding principal balance thereof.

Originator Receivable means (a) the indebtedness of any Obligor that has a billing address in the United States (or, if such Originator Receivable was originated by Trane U.S., in Canada) resulting from the provision or sale of merchandise, insurance or services by any Originator (in the case of Trane U.S., only to the extent such provision or sale is consummated in connection with its activities conducted through any of its Divisions) under a Contract (whether constituting an account, instrument, chattel paper or general intangible) or (b) a Two-Step Dealer Receivable, and in each case includes the right to payment of any interest or finance charges and other obligations of such Obligor with respect thereto; provided that if the Two-Step Dealer Receivable Transfer Termination Date shall occur as provided in Section 2.13, then no Two-Step Dealer Receivables created by Trane U.S. on or after such date shall constitute Originator Receivables hereunder.

Originator Receivable means the indebtedness of any Obligor resulting from the provision or sale of merchandise by any Originator under a Contract (whether constituting an account, instrument, chattel paper or general intangible), and includes the right to payment of any interest or finance charges and other obligations of such Obligor with respect thereto, but shall not include receivables bearing general ledger account codes ******** (non-trade), ******** (direct to retail), ********or ******** (intercompany) or Wizards of the Coast Company Code ************* (retail stores dba Wizards and Gamekeeper).