Originator definition

Originator means the sender of the first payment order in a funds transfer.

Originator and “Originators” have the meaning set forth in the Purchase and Sale Agreement, as the same may be modified from time to time by adding new Originators or removing Originators, in each case with the prior written consent of the Administrative Agent.

Originator has the meaning set forth in the preamble to the Agreement.

Examples of Originator in a sentence

• For Entries to consumer accounts governed by Regulation E, Originator will be obligated to honor the unauthorized return Entry according to the Regulation E time frame.

• To qualify Customer as an ACH Originator, Bank may require credit transactions to be prefunded.

• It is the responsibility of the Originator to notify the ODFI to request the dishonor of these return items.

• If it is determined by the National Association that a fine be assessed to the ODFI for a violation of the one percent return rate, this fee will be passed to the Originator or Third-Party Sender.

• Customer has the right to dishonor the original Return Entry, if it can be proven that the Return Entry is a misrouted return, duplicate return, untimely return, return has one or more field errors or if the return item was not requested by the Originator.

More Definitions of Originator

Originator has the meaning set forth in the Sale Agreement.

Originator is defined in the Preamble.

Originator means, with respect to any Receivable, Santander Consumer.

Originator means each Person from time to time party to the Sale Agreement as an Originator.

Originator means either of the following:

Originator means, with respect to any Receivable, either Santander Consumer, CitiFinancial, HSBC or Triad, as applicable, and “Originators” means, together, Santander Consumer, CitiFinancial, HSBC and Triad.

Originator means an entity which: