Common use of No Negative Amortization Clause in Contracts

No Negative Amortization. The Payment Deferment and Due Date Change Policies, as set forth on Exhibit D to the Sale and Servicing Agreement, will not result in the negative amortization of any Subsequent Receivables modified in accordance with such Payment Deferment and Due Date Change Policies.

Appears in 6 contracts

Samples: Sale and Servicing Agreement (Long Beach Acceptance Receivables Corp. II), Sale and Servicing Agreement (Long Beach Acceptance Auto Receivables Trust 2005-A), Sale and Servicing Agreement (Long Beach Acceptance Auto Receivables Trust 2005-B)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.