Common use of Amortization Type Clause in Contracts

Amortization Type. Approximately ____% of the aggregate Principal Balance of the Receivables as of the Cutoff Date constitute Precomputed Receivables, and the remainder of the Receivables constitute Simple Interest Receivables.]

Appears in 3 contracts

Samples: Purchase Agreement (Ford Credit Auto Receivables Two LLC), Sale Agreement (Ford Credit Auto Receivables Two L P), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC)

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Amortization Type. Approximately ____% of the By aggregate Principal Balance of the Receivables as of the Cutoff Date Date, approximately 5.4% of the Receivables constitute Precomputed Receivables, Receivables and the remainder 94.6% of the Receivables constitute Simple Interest Receivables.]

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two L P), Purchase Agreement (Ford Credit Auto Receivables Two L P)

Amortization Type. Approximately ____% of the By aggregate Principal Balance of the Receivables as of the Cutoff Date Date, approximately 2.27% of the Receivables constitute Precomputed Receivables, Receivables and the remainder approximately 97.73% of the Receivables constitute Simple Interest Receivables.]

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two L P), Purchase Agreement (Ford Credit Auto Receivables Two L P)

Amortization Type. Approximately ____% of the By aggregate Principal Balance of the Receivables as of the Cutoff Date Date, approximately 38.1% of the Receivables constitute Precomputed Receivables, Receivables and the remainder 61.9% of the Receivables constitute Simple Interest Receivables.]

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Ford Motor Credit Co), Purchase Agreement (Ford Motor Credit Co)

Amortization Type. Approximately ____% of the By aggregate Principal Balance of the Receivables as of the Cutoff Date Date, approximately 26.1% of the Receivables constitute Precomputed Receivables, Receivables and the remainder 73.9% of the Receivables constitute Simple Interest Receivables.]

Appears in 2 contracts

Samples: Purchase Agreement (Ford Credit Auto Receivables Two L P), Sale and Servicing Agreement (Ford Motor Credit Co)

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Amortization Type. Approximately _By aggregate Principal Balance as of the Cutoff Date, ___% of the aggregate Principal Balance of the Receivables as of the Cutoff Date constitute Precomputed Receivables, Actuarial Receivables and the remainder ___% of the Receivables constitute Simple Interest Receivables.]

Appears in 1 contract

Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC)

Amortization Type. Approximately ____% of the By aggregate Principal Balance of the Receivables as of the Cutoff Date Date, approximately 15% of the Receivables constitute Precomputed Receivables, Receivables and the remainder 85% of the Receivables constitute Simple Interest Receivables.]

Appears in 1 contract

Samples: Purchase Agreement (Ford Credit Auto Receivables Two L P)

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