Interest Accruing. Each Receivable, other than those Receivables consisting of Contracts that contain interest waivers for a specified period of time, is, as of the Closing Date or Subsequent Transfer Date, as applicable, accruing interest; no Receivable contains an interest waiver extending more than 12 months after the Initial Cutoff Date.
Appears in 7 contracts
Sources: Purchase Agreement (Case Receivables Ii Inc), Purchase Agreement (Case Receivables Ii Inc), Purchase Agreement (Case Receivables Ii Inc)
Interest Accruing. Each Receivable, other than those Receivables consisting of Contracts that contain interest waivers for a specified period of time, is, as of the Closing Date or a Subsequent Transfer Date, as applicable, accruing interest; no Receivable contains an interest waiver extending more than 12 months after the Initial Cutoff Date.
Appears in 5 contracts
Sources: Purchase Agreement (CNH Equipment Trust 2006-A), Purchase Agreement (CNH Equipment Trust 2005-B), Purchase Agreement (CNH Equipment Trust 2007-A)
Interest Accruing. Each Receivable, other than those Receivables consisting of Contracts that contain interest waivers for a specified period of time, is, as of the Closing Date or Subsequent Transfer Date, as applicable, accruing interest; no Receivable contains an interest waiver extending more than 12 [___] months after the Initial Cutoff Date.
Appears in 1 contract