Certain Characteristics of the Receivables. As of the Cutoff Date, (A) each Receivable had an original maturity of not more than 66 months; (B) no Receivable was more than 30 days past due; and (C) no funds have been advanced by the Seller, any Dealer or anyone acting on behalf of either of them in order to cause any Receivable to qualify under clause (B) above.
Appears in 5 contracts
Samples: Receivables Purchase Agreement (First Merchants Acceptance Corp), Receivables Purchase Agreement (First Merchants Acceptance Corp), Receivables Purchase Agreement (First Merchants Acceptance Corp)
Certain Characteristics of the Receivables. As of the Cutoff Date, (A) each Receivable had an original maturity of not more than 66 months; (B) no Receivable was more than 30 31 days past due; and (C) no funds have been advanced by the Seller, any Dealer or anyone acting on behalf of either of them in order to cause any Receivable to qualify under clause (B) above.. EXHIBIT B First Merchants Acceptance Corporation First Merchants Auto Trust 1996-B Distribution Date Statement to Securityholders
Appears in 1 contract
Samples: Sale and Servicing Agreement (First Merchants Acceptance Corp)
