Scheduled Payments; Delinquency Sample Clauses

Scheduled Payments; Delinquency. As of the Cutoff Date, each Designated Receivable had a first scheduled payment that was due on or before May 31, 2008; as of the Cutoff Date, no Designated Receivable had or will have a payment that was more than 60 days past due, or with respect to any Eligible Restructured Receivable, has not had a payment more than 60 days past due since the date of its amendment or restructuring; and as of the Purchase Date, no Designated Receivable had or will have a final scheduled payment that is due later than March 31, 2015.
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Scheduled Payments; Delinquency. As of the Initial Cutoff Date, ------------------------------- each Designated Receivable being purchased on the Closing Date had a first scheduled payment that was due on or before October 31, 2001; as of the applicable Cutoff Date, each Designated Receivable being purchased during the Funding Period had or will have a first scheduled payment that was due on or before the last day of the Monthly Period next following the Monthly Period in which such Cutoff Date occurs; as of the applicable Cutoff Date, no Designated Receivable had or will have a payment that was more than 60 days past due; as of the related Purchase Date, no Designated Receivable had or will have a final scheduled payment that is due later than April 30, 2008.
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Scheduled Payments; Delinquency. Each Receivable was originated on or after September 1, 1998, has a first scheduled payment that is due on or after November 1, 1998, has a final scheduled payment that is due no later than December 20, 2002, and has neither a payment that is more than 29 days overdue as of the Cutoff Date nor been charged-off by GMAC;
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Scheduled Payments; Delinquency. As of the applicable Cutoff Date, each Designated Receivable being purchased on the Closing Date had a first scheduled payment that was due on or before October 31, 1997; as of the applicable Cutoff Date, each Designated Receivable being purchased after the Closing Date had a first scheduled payment that was due on or before the last day of the Monthly Period next following the Monthly Period in which such Cutoff Date occurs; as of the applicable Cutoff Date, no Designated Receivable had a payment that was more than 60 days past due; as of the related Purchase Date, no Designated Receivable had a final scheduled payment that is due later than July 31, 2004.
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Scheduled Payments; Delinquency. As of the Cutoff Date, each Designated Receivable being purchased on the Closing Date had a first scheduled payment that was due on or before July 31, 2006; as of the Cutoff Date, no Designated Receivable had or will have a payment that was more than 60 days past due, or with respect to any Eligible Restructured Receivable, has not had a payment more than 60 days past due since the date of its amendment or restructuring; and as of the Purchase Date, no Designated Receivable had or will have a final scheduled payment that is due later than June 30, 2013.
Sample 1
Scheduled Payments; Delinquency. As of the applicable Cutoff Date, no Designated Loan had a payment that was more than 60 days past due, and no Designated Loan had a final Scheduled Payment that is due later than, with respect to the Initial Conveyed Assets, October 30, 2007, and with respect to any Subsequent Conveyed Assets, April 30, 2008;
Sample 1
Scheduled Payments; Delinquency. (i) As of the Cutoff Date, each Designated Receivable being purchased on the Closing Date had a first scheduled payment that was due on or before May 1, 2009 (provided that, as described in Section 5.04 hereof, NFC shall repurchase any Designated Receivable having a first scheduled payment that was due after the Closing Date); (ii) as of the Cutoff Date, no Designated Receivable being purchased on the Closing Date had or will have a payment that was more than 30 days past due (measured from the date of any Scheduled Payment); (iii) as of the Cutoff Date, no Eligible Restructured Receivable being purchased on the Closing Date has had a payment more than 60 days past due since the date of its amendment or restructuring; and (iv) as of the related Purchase Date, no Designated Receivable had or will have a final scheduled payment that is due later than March 31, 2016.
Sample 1
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Scheduled Payments; Delinquency. As of the Cutoff Date, each Designated Receivable had a first scheduled payment that was due on or before October 31, 1999; as of the Cutoff Date, no Designated Receivable had a payment that was more than 60 days past due; as of the Closing Date, no Designated Receivable had a final scheduled payment that is due later than September 30, 2005; (kk) (ll) Vehicles. Each Financed Vehicle to which a Designated Receivable relates was a new or used medium or heavy duty truck, bus or trailer at the time the related Obligor executed the Retail Note; (mm) (nn) Origin. Each Designated Receivable was originated in the United States by an Obligor domiciled or doing business in the United States or any subdivision thereof, and is denominated in U.S. dollars; (oo)
Sample 1
Scheduled Payments; Delinquency. (i) (A) As of the Initial Cutoff Date, each Designated Receivable being purchased on the Closing Date had a first scheduled payment that was due on or before August 31, 2008, and (B) (x) as to any Designated Receivable being purchased on the Closing Date which has a first Scheduled Payment that is or was due on or prior to the Closing Date, the Servicer has received such first Scheduled Payment from the related Obligor of each such Designated Receivable on or before the Closing Date and (y) each Designated Receivable being purchased on a Subsequent Transfer Date had or will have a first scheduled payment that was due on or before such Subsequent Transfer Date and the Servicer shall have received the first scheduled payment from the related Obligor of each such Designated Receivable on or before such Subsequent Transfer Date; (ii) as of the applicable Cutoff Date, no Designated Receivable being purchased on the Closing Date had or will have a payment that was more than 60 days past due (and the Aggregate Starting Receivables Balance of such Designated Receivables shall not exceed $1,400,000.00 as of the Initial Cutoff Date) and no Designated Receivable being purchased after the Closing Date had or will have a payment that was more than 30 days past due, in each case (measured from the date of any Scheduled Payment); (iii) as of the applicable Cutoff Date, no Eligible Restructured Receivable being purchased on the Closing Date has had a payment more than 60 days past due since the date of its amendment or restructuring, and no Eligible Restructured Receivable purchased after the Closing Date has had a payment more than 30 days past due since the date of its amendment or restructuring; and (iv) as of the related Purchase Date, no Designated Receivable had or will have a final scheduled payment that is due later than September 30, 2015.
Sample 1

Related to Scheduled Payments; Delinquency

  • Scheduled Payments As of the Cutoff Date, each Receivable had a first scheduled due date on or prior to the end of the third month immediately following the Cutoff Date.

  • Scheduled Payment The scheduled monthly payment on a Mortgage Loan due on any Due Date allocable to principal and/or interest on such Mortgage Loan which, unless otherwise specified in the related Purchase and Servicing Agreement, Purchase Agreement or Servicing Agreement, as applicable, shall give effect to any related Debt Service Reduction and any Deficient Valuation that affects the amount of the monthly payment due on such Mortgage Loan.

  • Scheduled Payments of Term Loans Company shall make principal payments on the Term Loans in installments on the dates and in the amounts set forth below: Date Scheduled Repayment December 31, 2005 $ 337,500 March 31, 2006 $ 337,500 June 30, 2006 $ 337,500 September 30, 2006 $ 337,500 December 31, 2006 $ 337,500 March 31, 2007 $ 337,500 June 30, 2007 $ 337,500 September 30, 2007 $ 337,500 December 31, 2007 $ 337,500 March 31, 2008 $ 337,500 June 30, 2008 $ 337,500 September 30, 2008 $ 337,500 December 31, 2008 $ 337,500 March 31, 2009 $ 337,500 June 30, 2009 $ 337,500 September 30, 2009 $ 337,500 December 31, 2009 $ 337,500 March 31, 2010 $ 337,500 June 30, 2010 $ 337,500 September 30, 2010 $ 337,500 December 31, 2010 $ 337,500 March 31, 2011 $ 337,500 June 30, 2011 $ 337,500 September 30, 2011 $ 337,500 December 31, 2011 $ 337,500 March 31, 2012 $ 337,500 June 30, 2012 $ 337,500 September 30, 2012 $ 125,887,500 Total $ 135,000,000 44 ; provided that the scheduled installments of principal of the Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Term Loans in accordance with subsection 2.4B(iv); and provided, further that the Term Loans and all other amounts owed hereunder with respect to the Term Loans shall be paid in full no later than September 30, 2012, and the final installment payable by Company in respect of the Term Loans on such date shall be in an amount, if such amount is different from that specified above, sufficient to repay all amounts owing by Company under this Agreement with respect to the Term Loans.

  • Prepayment Charges The Master Servicer will not waive any part of any Prepayment Charge unless the waiver relates to a default or a reasonably foreseeable default, the Prepayment Charge would cause an undue hardship to the related borrower, the Mortgaged Property is sold by the Mortgagor, the collection of any Prepayment Charge would violate any relevant law or regulation or the waiving of the Prepayment Charge would otherwise benefit the Trust Fund and it is expected that the waiver would maximize recovery of total proceeds taking into account the value of the Prepayment Charge and related Mortgage Loan and doing so is standard and customary in servicing similar Mortgage Loans (including any waiver of a Prepayment Charge in connection with a refinancing of a Mortgage Loan that is related to a default or a reasonably foreseeable default). The Master Servicer will not waive a Prepayment Charge in connection with a refinancing of a Mortgage Loan that is not related to a default or a reasonably foreseeable default.

  • Delinquent Rent Delinquent Rent (including delinquent Additional Rent) shall not be prorated at Closing and shall be paid by Purchaser to the applicable Seller if, as and when actually collected by Purchaser after the Closing, it being understood and agreed that Purchaser shall use commercially reasonable efforts to collect Delinquent Rent on behalf of each Seller. Purchaser hereby agrees that each Seller or its agents may attempt to collect Delinquent Rent at such Seller’s expense, including by commencing litigation to collect such Delinquent Rent, but each Seller agrees that it shall not initiate any action that would terminate a Tenant’s Lease or affect a Tenant’s right to occupy the premises leased under its Lease. Rent collected after the Closing Date shall be applied first to Rent currently due, then to Delinquent Rent. Non-delinquent rent for the period after Closing collected by Seller shall be promptly remitted to Purchaser. Unpaid and delinquent rent collected by Seller or Purchaser after the date of Closing shall be delivered as follows: (i) if Seller collects any unpaid or delinquent rent for the Property, Seller shall, within fifteen (15) days after the receipt thereof, deliver to Purchaser any such rent which Purchaser is entitled to hereunder relating to the date of Closing and any period thereafter, and (ii) if Purchaser collects any unpaid or delinquent rent from the Property, Purchaser shall, within fifteen (15) days after the receipt thereof, deliver to Seller any such rent which Seller is entitled to hereunder relating to the period prior to the date of Closing. Anything herein to the contrary notwithstanding, Seller and Purchaser agree that all rents received by Seller or Purchaser after the date of Closing shall be applied first to current rentals and then to delinquent rentals, if any, in inverse order of maturity.

  • Delinquent Payments Failure to submit a payment when due is a violation of the terms of this Contract and Section 215.555, Florida Statutes. Interest on late payments shall be due as set forth in Article VIII(2) and Article IX(2) of this Contract.

  • No Delinquent Receivables As of the Cutoff Date, no payment due under any Receivable was more than 30 days past due.

  • Monthly Payments On or before each Transfer Date, the Servicer shall instruct the Trustee in writing (which writing shall be substantially in the form of Exhibit B hereto) to withdraw and the Trustee, acting in accordance with such instructions, shall withdraw on such Transfer Date or the related Distribution Date, as applicable, to the extent of available funds, the amounts required to be withdrawn from the Finance Charge Account, the Principal Account, the Principal Funding Account and the Distribution Account as follows:

  • Prepayment Premiums As of the applicable date of origination of each such Mortgage Loan, any prepayment premiums and yield maintenance charges payable under the terms of the Mortgage Loans, in respect of voluntary prepayments, constituted customary prepayment premiums and yield maintenance charges for commercial mortgage loans.

  • Collections Prior to Amortization Prior to the Amortization Date, any Collections and/or Deemed Collections received by the Servicer shall be set aside and held in trust by the Servicer for the payment of any accrued and unpaid Aggregate Unpaids or for a Reinvestment as provided in this Section 2.2. If on any Business Day prior to the Amortization Date, any Collections are received by the Servicer after payment of any Obligations that are then due and owing, Seller hereby requests and the Purchasers hereby agree to make, simultaneously with such receipt, a reinvestment (each, a “Reinvestment”) with that portion of the balance of each and every Collection received by the Servicer that is part of any Purchaser Interest, such that after giving effect to such Reinvestment, the amount of Capital of such Purchaser Interest immediately after such receipt and corresponding Reinvestment shall be equal to the amount of Capital immediately prior to such receipt. On each Settlement Date prior to the occurrence of the Amortization Date, the Servicer shall remit to the Fifth Third Account and the PNC Account each Purchaser’s respective Percentage of the amounts set aside during the preceding Settlement Period that have not been subject to a Reinvestment and apply such amounts (if not previously paid in accordance with Section 2.1) to reduce the Obligations. Once such Obligations shall be reduced to zero, any additional Collections received by the Servicer (i) if applicable, shall be remitted to the Fifth Third Account and the PNC Account no later than 12:00 noon (New York time) to the extent required to fund the Purchasers’ respective Percentages of any Aggregate Reduction on such Settlement Date and (ii) any balance remaining thereafter shall be remitted from the Servicer to Seller on such Settlement Date.

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