Annual Percentage Rate. Each Receivable is a fully-amortizing simple interest contract which bears interest at a fixed rate per annum and which provides for level scheduled monthly, semi-monthly or bi-weekly payments (except for the last payment, which may be minimally different from the level payments) over its respective remaining term, and is not secured by any interest in real estate.
Appears in 6 contracts
Samples: Sale and Servicing Agreement (USAA Auto Owner Trust 2008-1), Sale and Servicing Agreement (USAA Auto Owner Trust 2007-2), Sale and Servicing Agreement (Usaa Acceptance LLC)
Annual Percentage Rate. Each Receivable is a fully-amortizing simple interest contract which bears interest at a fixed rate per annum and which provides for level scheduled monthly, semi-monthly or bi-weekly payments (except for the last payment, which may be minimally different from the level payments) over its respective remaining term, and is not secured by any interest in real estate, and has not been identified on the computer files of the Seller as relating to Obligors who have requested a reduction in the periodic finance charges, as of the Cut-off Date, by application of the Servicemembers Civil Relief Act.
Appears in 4 contracts
Samples: Sale and Servicing Agreement (Usaa Auto Owner Trust 2005-1), Sale and Servicing Agreement (Usaa Auto Owner Trust 2005-3), Sale and Servicing Agreement (Usaa Acceptance LLC Trust 2004-1)
Annual Percentage Rate. Each Receivable is a fully-amortizing simple interest contract which bears interest at a fixed rate per annum and which provides for level scheduled monthly, monthly or semi-monthly or bi-weekly payments (except for the last payment, which may be minimally different from the level payments) over its respective remaining term, and is not secured by any interest in real estate.
Appears in 4 contracts
Samples: Sale and Servicing Agreement (USAA Auto Owner Trust 2006-1), Sale and Servicing Agreement (USAA Auto Owner Trust 2006-2), Sale and Servicing Agreement (USAA Auto Owner Trust 2006-4)
Annual Percentage Rate. Each Receivable is a fully-amortizing fixed rate simple interest contract which bears interest at a fixed rate per annum and which that provides for level scheduled monthly, monthly or semi-monthly or bi-weekly payments (except for the last payment, which may be minimally different from the level payments) over its respective remaining term, and is not secured by any interest in real estate.
Appears in 3 contracts
Samples: Receivables Purchase Agreement (USAA Auto Owner Trust 2006-3), Receivables Purchase Agreement (USAA Auto Owner Trust 2006-2), Receivables Purchase Agreement (USAA Auto Owner Trust 2006-1)
Annual Percentage Rate. Each Receivable is a fully-amortizing simple interest contract which bears interest at a fixed rate per annum and which provides for level scheduled monthly, monthly or semi-monthly or bi-weekly payments (except for the last payment, which may be minimally different from the level payments) over its respective remaining term, and is not secured by any interest in real estate.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (USAA Auto Owner Trust 2007-1), Receivables Purchase Agreement (USAA Auto Owner Trust 2007-1)
