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.

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.

• The obligations of the Seller set forth in this subsection 2.04(e)(ii) shall constitute the sole remedy respecting any breach of the Specified Representations with respect to such affected Originator Receivable available to Noteholders or the Indenture Trustee on behalf of Noteholders.

• 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.

• The Seller shall deliver to the Owner Trustee and the Indenture Trustee, not later than five Business Days after the Removal Date, a computer file or microfiche list containing a true and complete list of each Originator Receivable which as of the Removal Date shall be deemed to be a Removed Receivable, such Originator Receivables being identified by account number and the aggregate amount thereof as of the Removal Date.

• 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 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).

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 “Originator Receivable” shall not include any APC Receivable until such time as (i) the Seller has requested, and the Agent has approved in writing, the inclusion of the APC Receivables in the Receivables Pool and (ii) Ferro Corporation has directed all Obligors of APC Receivables to make payments thereon to a Lock-Box or Lock-Box Account specified on Schedule I as to which a Lock-Box Agreement is in effect.

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 "Originator Receivable" shall not include any APC Receivable until such time as (i) the Seller has requested, and the Agent has approved in writing, the inclusion of the APC Receivables in the Receivables Pool and (ii) Ferro Corporation has directed all Obligors of APC Receivables to make payments thereon to a Lock-Box or Lock-Box Account specified on Schedule I as to which a Lock-Box Agreement is in effect.

Originator Receivable has the meaning specified in Preliminary Statement.