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)
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
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
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
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)