Common use of Individual Characteristics Clause in Contracts

Individual Characteristics. The Receivables have the following individual characteristics as of the Cutoff Date; (i) each Receivable is secured by a Motor Vehicle; (ii) each Receivable has a Contract Rate of at least 6.00% and not SALE AND SERVICING AGREEMENT more than 29.90%; (iii) each Receivable had a remaining term, as of the Cutoff Date, of not less than three months and not more than 72 months; (iv) each Receivable had an Initial Principal Balance of not less than $776.59 and not more than $57,550.98; (v) no Receivable was more than 30 days past due as of the Cutoff Date; (vi) no Financed Vehicle had been repossessed as of the Cutoff Date; (vii) no Receivable is subject to a force placed Physical Damage Insurance Policy on the related Financed Vehicle; and (viii) the Dealer of the Financed Vehicle has no participation in, or other right to receive, any proceeds of the Receivable. The Receivables were selected using selection procedures that were not intended by any Seller Affiliate or Seller to be adverse to the Holders.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Key Consumer Acceptance Corp)

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Individual Characteristics. The Receivables have the following individual characteristics as of the Cutoff Date; (i) each Receivable is secured by a Motor Vehicle; (ii) each Receivable has a Contract Rate of at least 6.0013.95% and not SALE AND SERVICING AGREEMENT more than 29.9029.00%; (iii) each Receivable had a remaining term, as of the Cutoff Date, of not less than three 21 months and not more than 72 59 months; (iv) each Receivable had an Initial Principal Balance of not less than $776.59 3,096.58 and not more than $57,550.9829,590.50; (v) no Receivable was more than 30 days past due as of the Cutoff Date; (vi) no Financed Vehicle had been repossessed as of the Cutoff Date; (vii) no Receivable is subject to a force placed Physical Damage Insurance Policy on the related Financed Vehicle; and (viii) the Dealer of the Financed Vehicle has no participation in, or other right to receive, any proceeds of the Receivable. The Receivables were selected using selection procedures that were not intended by any Seller Affiliate AFG or Seller to be adverse to the Holders.. SALE AND SERVICING AGREEMENT

Appears in 1 contract

Samples: Sale and Servicing Agreement (Key Consumer Acceptance Corp)

Individual Characteristics. The Receivables have the following individual characteristics as of the Cutoff Date; (i) each Receivable is secured by a Motor Vehicle; (ii) each Receivable has a Contract Rate of at least 6.0013.94% and not SALE AND SERVICING AGREEMENT more than 29.9029.34%; (iii) each Receivable had a remaining term, as of the Cutoff Date, of not less than three 16 months and not more than 72 59 months; (iv) each Receivable had an Initial Principal Balance of not less than $776.59 3,219.50 and not more than $57,550.9830,229.05; (v) no Receivable was more than 30 days past due as of the Cutoff Date; (vi) no Financed Vehicle had been repossessed as of the Cutoff Date; (vii) no Receivable is subject to a force placed Physical Damage Insurance Policy on the related Financed Vehicle; and (viii) the Dealer of the Financed Vehicle has no participation in, or other right to receive, any proceeds of the Receivable. The Receivables were selected using selection procedures that were not intended by any Seller Affiliate AFG or Seller to be adverse to the Holders.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Key Consumer Acceptance Corp)

Individual Characteristics. The Receivables have the following individual characteristics as of the Cutoff Date; (i) each Receivable is secured by a Motor Vehicle; (ii) each Receivable has a Contract Rate of at least 6.006.99% and not SALE AND SERVICING AGREEMENT more than 29.9029.51%; (iii) each Receivable had a remaining term, as of the Cutoff Date, of not less than three months and not more than 72 84 months; (iv) each Receivable had an Initial Principal Balance of not less than $776.59 567.36 and not more than $57,550.9849,048.60; (v) no Receivable was more than 30 days past due as of the Cutoff Date; (vi) no Financed Vehicle had been repossessed as of the Cutoff Date; (vii) no Receivable is subject to a force placed Physical Damage Insurance Policy on the related Financed Vehicle; and (viii) the Dealer of the Financed Vehicle has no participation in, or other right to receive, any proceeds of the Receivable. The Receivables were selected using selection procedures that were not intended by any Seller Affiliate or Seller to be adverse to the Holders.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Key Consumer Acceptance Corp)

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Individual Characteristics. The Receivables have the following individual characteristics as of the Cutoff Date; (i) each Receivable is secured by a Motor Vehicle; (ii) each Receivable has a Contract Rate of at least 6.006.74% and not SALE AND SERVICING AGREEMENT more than 29.9029.00%; (iii) each Receivable had a remaining term, as of the Cutoff Date, of not less than three six months and not more than 72 84 months; (iv) each Receivable had an Initial Principal Balance of not less than $776.59 102.34 and not more than $57,550.9849,893.76; (v) no Receivable was more than 30 days past due as of the Cutoff Date; (vi) no Financed Vehicle had been repossessed as of the Cutoff Date; (vii) no Receivable is subject to a force placed Physical Damage Insurance Policy on the related Financed Vehicle; and (viii) the Dealer of the Financed Vehicle has no participation in, or other right to receive, any proceeds of the Receivable. The Receivables were selected using selection procedures that were not intended by any the Initial Seller Affiliate or Seller to be adverse to the Holders.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Key Consumer Acceptance Corp)

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