Common use of Scheduled Payments; Delinquency Clause in Contracts

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.

Scheduled Payments; Delinquency. As of the Cutoff Date, each Designated Receivable had a first scheduled payment that was due on or before May April 30, 1994, and a final scheduled payment that was due no later than March 31, 2008; as of the Cutoff Date1999, and 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 as of the date of its amendment or restructuringCutoff Date; and as of the Purchase Closing Date, no Designated Receivable had or will have a final scheduled payment that is due later than March 31September 30, 2015.1999;

Scheduled Payments; Delinquency. As of the Cutoff Date, each Designated Receivable had a first scheduled payment that was due on or before May 31, 20081998; 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 Closing Date, no Designated Receivable had or will have a final scheduled payment that is due later than March May 31, 20152004.

Scheduled Payments; Delinquency. As of the Cutoff Date, each Designated Receivable had a first scheduled payment that was due on or before May November 30, 1994 and a final scheduled payment that was due no later than October 31, 2008; as of the Cutoff Date1999, and 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 as of the date of its amendment or restructuringCutoff Date; and as of the Purchase Closing Date, no Designated Receivable had or will have a final scheduled payment that is due later than March 31June 30, 2015.2000;

Scheduled Payments; Delinquency. As of the Cutoff Date, each Designated Receivable had a first scheduled payment that was due on or before May October 31, 2008; as of the Cutoff Date1996 and a final scheduled payment that was due on or before October 31, 2002, and 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 as of the date of its amendment or restructuringCutoff Date; and as of the Purchase Closing Date, no Designated Receivable had or will have a final scheduled payment that is due later than March 31, 2015.2003;

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 Date1996 and a final scheduled payment that was due no later than May 31, 2002, and 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 as of the date of its amendment or restructuringCutoff Date; and as of the Purchase Closing Date, no Designated Receivable had or will have a final scheduled payment that is due later than March May 31, 2015.2002;

Scheduled Payments; Delinquency. As of the Cutoff Date, each ------------------------------- Designated Receivable had a first scheduled payment that was due on or before May January 31, 20082001; 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 Closing Date, no Designated Receivable had or will have a final scheduled payment that is due later than March January 31, 2015.2008;

Scheduled Payments; Delinquency. As of the Cutoff Date, each Designated Receivable had a first scheduled payment that was due on or before May October 31, 20081998; 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 Closing Date, no Designated Receivable had or will have a final scheduled payment that is due later than March October 31, 2015.2004;

Scheduled Payments; Delinquency. As of the Cutoff Date, each Designated Receivable had a first scheduled payment that was due on or before May 31April 30, 20082005; 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 Closing Date, no Designated Receivable had or will have a final scheduled payment that is due later than March 31April 30, 2015.2012;

Scheduled Payments; Delinquency. As of the Cutoff Date, each Designated Receivable had a first scheduled payment that was due on or before May August 31, 20082004; 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 Closing Date, no Designated Receivable had or will have a final scheduled payment that is due later than March August 31, 2015.2012;

Scheduled Payments; Delinquency. As of the Cutoff Date, each Designated Receivable had a first scheduled payment that was due on or before May July 31, 2008; as of the Cutoff Date1994 and a final scheduled payment that was due no later than June 30, 1999, and 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 as of the date of its amendment or restructuringCutoff Date; and as of the Purchase Closing Date, no Designated Receivable had or will have a final scheduled payment that is due later than March December 31, 2015.1999;

Scheduled Payments; Delinquency. As of the Cutoff Date, each Designated Receivable had a first scheduled payment that was due on or before May October 31, 20082006; 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 31September 30, 20152013.

Scheduled Payments; Delinquency. As of the Cutoff Date, each Designated Receivable had a first scheduled payment that was due on or before May 31February 28, 20082007; 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 January 31, 20152014.

Scheduled Payments; Delinquency. As of the Cutoff Date, each Designated Receivable had a first scheduled payment that was due on or before May October 31, 20082000; 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 Closing Date, no Designated Receivable had or will have a final scheduled payment that is due later than March 31September 30, 20152006.