Common use of Deferred Payment Receivables Clause in Contracts

Deferred Payment Receivables. As of the Cutoff Date $315,249,584.28 total Principal Balance of Deferred Payment Receivables included in the Receivables had a first payment that, as of the date of inception of the Receivable, was deferred for 300 days or greater. As of the Cutoff Date $94,949,377.96 total Principal Balance of Deferred Payment Receivables included in the Receivables had a first payment that, as of the date of inception of the Receivables, was deferred for a period of between 200 and 299 days. As of the Cutoff Date $9,867,395.87 total Principal Balance of Deferred Payment Receivables included in the Receivables had a first payment that, as of the date of inception of the Receivables, was deferred for a period of between 100 and 199 days. As of the Cutoff Date $2,587,992.03 total Principal Balance of Deferred Payment Receivables included in the Receivables had a first payment that, as of the date of inception of the Receivables, was deferred for a period of 99 days or less. In no case will the first payment on a Deferred Payment Receivable be due later than 480 days after the date of inception of that Receivable.

Appears in 3 contracts

Samples: Purchase Agreement (Mmca Auto Owner Trust 2001-4), Sale and Servicing Agreement (Mmca Auto Owner Trust 2001-4), Sale and Servicing Agreement (Mmca Auto Owner Trust 2001-4)

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Deferred Payment Receivables. As of the Cutoff Date $315,249,584.28 [ ] total Principal Balance of Deferred Payment Receivables included in the Receivables had a first payment that, as of the date of inception of the Receivable, was deferred for 300 days or greater. As of the Cutoff Date $94,949,377.96 [ ] total Principal Balance of Deferred Payment Receivables included in the Receivables had a first payment that, as of the date of inception of the Receivables, was deferred for a period of between 200 and 299 days. As of the Cutoff Date $9,867,395.87 [ ] total Principal Balance of Deferred Payment Receivables included in the Receivables had a first payment that, as of the date of inception of the Receivables, was deferred for a period of between 100 and 199 days. As of the Cutoff Date $2,587,992.03 [ ] total Principal Balance of Deferred Payment Receivables included in the Receivables had a first payment that, as of the date of inception of the Receivables, was deferred for a period of 99 days or less. In no case will the first payment on a Deferred Payment Receivable be due later than 480 days after the date of inception of that Receivable.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Mmca Auto Owner Trust 2001-3), Sale and Servicing Agreement (Mmca Auto Owner Trust 2001-4), Purchase Agreement (Mmca Auto Owner Trust 2001-4)

Deferred Payment Receivables. As of the Initial Cutoff Date Date, $315,249,584.28 [ ] total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a first payment that, as of the date of inception of the Receivable, was deferred for 300 days or greater. As of the Initial Cutoff Date Date, $94,949,377.96 [ ] total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a first payment that, as of the date of inception of the ReceivablesReceivable, was deferred for a period of between 200 and 299 days. As of the Initial Cutoff Date $9,867,395.87 [ ] total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a first payment that, as of the date of inception of the ReceivablesReceivable, was deferred for a period of between 100 and 199 days. As of the Initial Cutoff Date $2,587,992.03 [ ] total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a first payment that, as of the date of inception of the ReceivablesReceivable, was deferred for a period of 99 days or less. In no case will the first payment on a Deferred Payment Receivable be due later than 480 days after the date of inception of that Receivable.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Mmca Auto Owner Trust 2002-4), Sale and Servicing Agreement (Mmca Auto Receivables Trust Ii), Purchase Agreement (Mmca Auto Receivables Trust)

Deferred Payment Receivables. As of the Initial Cutoff Date $315,249,584.28 [ ] total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a first payment that, as of the date of inception of the Receivable, was deferred for 300 days or greater. As of the Initial Cutoff Date $94,949,377.96 [ ] total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a first payment that, as of the date of inception of the Receivables, was deferred for a period of between 200 and 299 days. As of the Initial Cutoff Date $9,867,395.87 [ ] total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a first payment that, as of the date of inception of the Receivables, was deferred for a period of between 100 and 199 days. As of the Initial Cutoff Date $2,587,992.03 [ ] total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a first payment that, as of the date of inception of the Receivables, was deferred for a period of 99 days or less. In no case will the first payment on a Deferred Payment Receivable be due later than 480 days after the date of inception of that Receivable.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Mmca Auto Receivables Trust), Sale and Servicing Agreement (Mmca Auto Receivables Trust)

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Deferred Payment Receivables. As of the Initial Cutoff Date Date, $315,249,584.28 448,142,723.25 total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a first payment that, as of the date of inception of the Receivable, was deferred for 300 days or greater. As of the Initial Cutoff Date Date, $94,949,377.96 199,845,921.79 total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a first payment that, as of the date of inception of the ReceivablesReceivable, was deferred for a period of between 200 and 299 days. As of the Initial Cutoff Date $9,867,395.87 10,742,362.31 total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a first payment that, as of the date of inception of the ReceivablesReceivable, was deferred for a period of between 100 and 199 days. As of the Initial Cutoff Date $2,587,992.03 4,763,113.52 total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a first payment that, as of the date of inception of the ReceivablesReceivable, was deferred for a period of 99 days or less. In no case will the first payment on a Deferred Payment Receivable be due later than 480 days after the date of inception of that Receivable.

Appears in 1 contract

Samples: Purchase Agreement (Mmca Auto Owner Trust 2002-1)

Deferred Payment Receivables. As of the Cutoff Date Date, $315,249,584.28 167,847,542.55 total Principal Balance of Deferred Payment Receivables included in the Receivables had a first payment that, as of the date of inception of the Receivable, was deferred for 300 days or greater. As of the Cutoff Date Date, $94,949,377.96 49,131,304.40 total Principal Balance of Deferred Payment Receivables included in the Receivables had a first payment that, as of the date of inception of the ReceivablesReceivable, was deferred for a period of between 200 and 299 days. As of the Cutoff Date $9,867,395.87 19,210,877.78 total Principal Balance of Deferred Payment Receivables included in the Receivables had a first payment that, as of the date of inception of the ReceivablesReceivable, was deferred for a period of between 100 and 199 days. As of the Cutoff Date $2,587,992.03 3,010,029.99 total Principal Balance of Deferred Payment Receivables included in the Receivables had a first payment that, as of the date of inception of the ReceivablesReceivable, was deferred for a period of 99 days or less. In no case will the first payment on a Deferred Payment Receivable be due later than 480 450 days after the date of inception of that Receivable.

Appears in 1 contract

Samples: Purchase Agreement (Mmca Auto Owner Trust 2002-5)

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