Common use of Limited Credit Experience Clause in Contracts

Limited Credit Experience. The aggregate principal balance of the Receivables on which the Obligor has limited credit experience, as a percentage of the aggregate principal balance of all Receivables, in each case as of the Cutoff Date, shall be not greater than [ ]%.

Appears in 7 contracts

Samples: Sale and Servicing Agreement (Mmca Auto Owner Trust 2001-1), Sale and Servicing Agreement (Mmca Auto Owner Trust 2002-4), Sale and Servicing Agreement (Mmca Auto Receivables Trust)

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Limited Credit Experience. The aggregate principal balance of the Receivables on which the Obligor has limited credit experience, as a percentage of the aggregate principal balance of all Receivables, in each case as of the Cutoff Date, shall be not greater than [ ]2.00%.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Mmca Auto Owner Trust 2001-1), Sale and Servicing Agreement (Mmca Auto Owner Trust 2001 2)

Limited Credit Experience. The aggregate principal balance of the Receivables on which the Obligor has limited credit experience, as a percentage of the aggregate principal balance of all Receivables, in each case as of the Cutoff Date, shall be not greater than [ ]5.48%.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Mmca Auto Owner Trust 2002-1), Sale and Servicing Agreement (Mmca Auto Receivables Trust)

Limited Credit Experience. The aggregate principal balance of the Receivables on which the Obligor has limited credit experience, as a percentage of the aggregate principal balance of all Receivables, in each case as of the Cutoff Date, shall be not greater than [ ]5.40%.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Mmca Auto Owner Trust 2001 2), Sale and Servicing Agreement (Mmca Auto Owner Trust 2001 2)

Limited Credit Experience. The aggregate principal balance of the Receivables on which the Obligor has limited credit experience, as a percentage of the aggregate principal balance of all Receivables, in each case as of the Cutoff Date, shall be not greater than [ ]8.00%.

Appears in 2 contracts

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

Limited Credit Experience. The aggregate principal balance of the Receivables on which the Obligor has limited credit experience, as a percentage of the aggregate principal balance of all Receivables, in each case as of the Cutoff Date, shall be not greater than [ ]4.55%.

Appears in 2 contracts

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

Limited Credit Experience. The aggregate principal balance of the Receivables on which the Obligor has limited credit experience, as a percentage of the aggregate principal balance of all Receivables, in each case as of the Cutoff Date, shall be not greater than [ ]3.83%.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Mmca Auto Owner Trust 2002-5)

Limited Credit Experience. The aggregate principal balance of the Receivables on which the Obligor has limited credit experience, as a percentage of the aggregate principal balance of all Receivables, in each case of such Receivables as of the Cutoff Date, shall be not greater than [ ]4.55%.

Appears in 1 contract

Samples: Purchase Agreement (Mmca Auto Owner Trust 2001-4)

Limited Credit Experience. The aggregate principal balance total Principal Balance of the Receivables on which the Obligor has limited credit experience, as a percentage of the aggregate principal balance total Principal Balance of all Receivables, in each case of such Receivables as of the Cutoff Date, shall be not greater than [ ]3.83%.

Appears in 1 contract

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

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Limited Credit Experience. The aggregate principal balance of the Receivables on which the Obligor has limited credit experience, as a percentage of the aggregate principal balance of all Receivables, in each case as of the Cutoff Date, shall be not greater than [ ]7.37%.

Appears in 1 contract

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

Limited Credit Experience. The aggregate principal balance of the Receivables on which the Obligor has limited credit experience, as a percentage of the aggregate principal balance of all Receivables, in each case as of the Cutoff Date, shall be not greater than [ ]5.70%.

Appears in 1 contract

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

Limited Credit Experience. The aggregate principal balance of the Receivables on which the Obligor has limited credit experience, as a percentage of the aggregate principal balance of all Receivables, in each case as of the Cutoff Date, shall be not greater than [ ]3.29%.

Appears in 1 contract

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

Limited Credit Experience. The aggregate principal balance of the Receivables on which the Obligor has limited credit experience, as a percentage of the aggregate principal balance of all Receivables, in each case as of the Cutoff Date, shall be not greater than [ ]4.38%.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Mmca Auto Owner Trust 2002-4)

Limited Credit Experience. The aggregate principal balance of the Receivables on which the Obligor has limited credit experience, as a percentage of the aggregate principal balance of all Receivables, in each case of such Receivables as of the Cutoff Date, shall be not greater than [ ]%.

Appears in 1 contract

Samples: Purchase Agreement (Mmca Auto Owner Trust 2001-4)

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