Common use of Interest Accruing Clause in Contracts

Interest Accruing. Each interest-bearing Receivable is, as of the Cut-off Date, accruing interest. Data tape i) Review the data tape and confirm it reports the Receivable is active and has a positive principal balance and an annual percentage rate greater than or equal to zero. ii) If (i) is confirmed, then Test Pass.

Interest Accruing. Each interest-bearing Receivable is, as of the Cut-off Date, accruing interest. ​ Data tapetape ​ i) Review the data tape and confirm it reports the Receivable is active and has a positive principal balance and an annual percentage rate greater than or equal to zero. ii) If (i) is confirmed, then Test Pass.. ​ ​ ​ ​

Interest Accruing. Each interest-bearing Receivable is, as of the Cut-off Date, accruing interest. ​ Data tapetape ​ i) Review the data tape and confirm it reports the Receivable is active and has a positive principal balance and an annual percentage rate greater than or equal to zero. ii) If (i) is confirmed, then Test Pass.. ​ ​ ​ ​ ​

Interest Accruing. Each interest-bearing Receivable is, as of the Cut-off Date, accruing interest. [Data tape] i) Review the data tape and confirm it reports the Receivable is active and has a positive principal balance and an annual percentage rate greater than or equal to zero. ii) If (i) is confirmed, then Test Pass.