Common use of Limited Credit Experience Clause in Contracts

Limited Credit Experience. The aggregate principal balance of the Subsequent Receivables sold to the Purchaser on a Subsequent Transfer Date on which the Obligor has limited credit experience, as of the related Subsequent Cutoff Date, as a percentage of the aggregate principal balance of all of such Subsequent Receivables as of such related Subsequent Cutoff Date, shall be not greater than 9%.

Appears in 2 contracts

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

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Limited Credit Experience. The aggregate principal balance of the Subsequent Receivables sold to the Purchaser on a Subsequent Transfer Date on which the Obligor has limited credit experience, as of the related Subsequent Cutoff Date, as a percentage of the aggregate principal balance of all of such Subsequent Receivables as of such related Subsequent Cutoff Date, shall be not greater than 9[__%].

Appears in 2 contracts

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

Limited Credit Experience. The aggregate principal balance of the Subsequent Receivables sold to the Purchaser on a Subsequent Transfer Date on which the Obligor has limited credit experience, as of the related Subsequent Cutoff Date, as a percentage of the aggregate principal balance of all of such Subsequent Receivables as of such related Subsequent Cutoff Date, shall be not greater than 93.00%.

Appears in 2 contracts

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

Limited Credit Experience. The aggregate principal balance of the Subsequent Receivables sold to the Purchaser on a Subsequent Transfer Date on which the Obligor has limited credit experience, as of the related Subsequent Cutoff Date, as a percentage of the aggregate principal balance of all of such Subsequent Receivables as of such related Subsequent Cutoff Date, shall be not greater than 95.48%.

Appears in 1 contract

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

Limited Credit Experience. The aggregate principal balance of the Subsequent Receivables sold to the Purchaser on a Subsequent Transfer Date on which the Obligor has limited credit experience, as of the related Subsequent Cutoff Date, as a percentage of the aggregate principal balance of all of such Subsequent Receivables as of such related Subsequent Cutoff Date, shall be not greater than 97.37%.

Appears in 1 contract

Samples: Purchase Agreement (Mmca Auto Receivables Trust)

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Limited Credit Experience. The aggregate principal balance of the Subsequent Receivables sold to the Purchaser on a Subsequent Transfer Date on which the Obligor has limited credit experience, as of the related Subsequent Cutoff Date, as a percentage of the aggregate principal balance of all of such Subsequent Receivables as of such related Subsequent Cutoff Date, shall be not greater than 9[ ]%.

Appears in 1 contract

Samples: Purchase Agreement (Mmca Auto Owner Trust 2000-2)

Limited Credit Experience. The aggregate principal balance of the Subsequent Receivables sold to the Purchaser on a Subsequent Transfer Date on which the Obligor has limited credit experience, as of the related Subsequent Cutoff Date, as a percentage of the aggregate principal balance of all of such Subsequent Receivables as of such related Subsequent Cutoff Date, shall be not greater than 9____%.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Mmca Auto Owner Trust 2000-2)

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