Prepayment. Each Receivable allows for prepayment and partial prepayments without penalty and requires that a prepayment by the related Obligor will fully pay the principal balance and accrued interest through the date of prepayment based on the Receivable’s Annual Percentage Rate.
Appears in 73 contracts
Samples: Sale and Servicing Agreement (Efcar, LLC), Sale and Servicing (Exeter Automobile Receivables Trust 2021-1), Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2022-5)
Prepayment. Each Receivable allows for prepayment and partial prepayments without penalty and requires that a prepayment by the related Obligor will fully pay Principal Balance be paid in full to prepay the principal balance and accrued interest through the date of prepayment based on the Receivable’s Annual Percentage Ratecontract in full.
Appears in 46 contracts
Samples: Purchase Agreement (Ford Credit Auto Owner Trust 2012-B), Purchase Agreement (Ford Credit Auto Owner Trust 2013-C), Purchase Agreement (Ford Credit Auto Owner Trust 2011-B)
Prepayment. Each [Seller] Receivable allows for prepayment and partial prepayments without penalty and requires that a prepayment by the related Obligor will fully pay the principal balance and accrued interest through the date of prepayment based on the [Seller] Receivable’s Annual Percentage Rate.
Appears in 2 contracts
Samples: Sale Agreement (Efcar, LLC), Sale Agreement (Efcar, LLC)
