Common use of Representation Method of Testing Clause in Contracts

Representation Method of Testing. (xii)(d) (d) no Receivable has an APR of less than 0.00%, 1. Review the records in Seller’s receivable system to confirm the Receivable did not have an APR less than the minimum allowable percentage rate as of the Cutoff Date.

Appears in 15 contracts

Samples: Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2024-A), Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2024-A), Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2023-B)

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Representation Method of Testing. (xii)(d) (d) no Receivable has an APR a Contract Rate of less than 0.00%, 1. Review the records in Seller’s receivable system to confirm the Receivable did not have an APR a Contract Rate less than the minimum allowable percentage rate as of the Cutoff Date.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2018-B), Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2018-B)

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