Example Definitions of "Originator"
Originator. Shall fail to pay any principal of or premium or interest on any of its Debt that is outstanding in a principal amount of at least fifty million dollars ($50,000,000) in the aggregate when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified in the agreement, mortgage, indenture or instrument relating to such Debt (whether or not such failure... shall have been waived under the related agreement) View More
Originator. Mean the Borrower and such additional subsidiaries of the Borrower which become a party to the Receivables Sale Agreement, as Originators
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