Common use of Prepayment Clause in Contracts

Prepayment. Each Receivable provides that a prepayment by the related Obligor will fully pay the principal balance and accrued interest through the date of prepayment based on such Receivable’s Annual Percentage Rate.

Appears in 65 contracts

Samples: Sale and Servicing Agreement (World Omni Auto Receivables Trust 2019-A), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2014-A), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2020-B)

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Prepayment. Each Receivable provides that a prepayment by the related Obligor will fully pay the principal balance and accrued interest through the date of prepayment based on such Receivable’s Annual Percentage Rate or Contract Rate, as applicable.

Appears in 25 contracts

Samples: Sale and Servicing Agreement (World Omni Select Auto Trust 2023-A), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2022-D), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2023-A)

Prepayment. Each Receivable provides that a prepayment by the related Obligor will fully pay the principal balance and accrued interest through the date of prepayment based on such the Receivable’s Annual Percentage Rate.

Appears in 22 contracts

Samples: Sale and Servicing Agreement (Nissan Auto Receivables Corp Ii), Sale and Servicing Agreement (Nissan Auto Receivables 2014-a Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2014-B Owner Trust)

Prepayment. Each Receivable provides that a prepayment by the related Obligor will fully pay the principal balance and accrued interest through the date of prepayment based on such the Receivable’s Annual Percentage RateAPR.

Appears in 13 contracts

Samples: Sale and Servicing Agreement (Nissan Auto Receivables 2012-a Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2011-a Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2009-a Owner Trust)

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Prepayment. Each Such Receivable provides that a prepayment by the related Obligor will fully pay the principal balance and accrued interest through the date of prepayment based on such Receivable’s Annual Percentage Rate.

Appears in 6 contracts

Samples: Purchase Agreement (Bridgecrest Lending Auto Securitization Trust 2024-2), Purchase Agreement (Bridgecrest Lending Auto Securitization Trust 2024-2), Purchase Agreement (Bridgecrest Lending Auto Securitization Trust 2024-1)

Prepayment. Each Receivable provides that a prepayment by the related Obligor will fully pay the principal balance and accrued interest through the date of prepayment based on such the Receivable’s Annual Percentage Rate.. 29 (Nissan 2015-A Sale and Servicing Agreement)

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Nissan Auto Receivables Corp Ii), Sale and Servicing Agreement (Nissan Auto Receivables Corp Ii)

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