Common use of Scheduled Payments; Delinquency Clause in Contracts

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.

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 31November 30, 20012003; 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, 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 related Purchase Date, no Designated Receivable had or will have a final scheduled payment that is due later than April September 30, 20082010.

Scheduled Payments; Delinquency. As of the Initial Cutoff Date, each ------------------------------- each Designated Receivable being purchased on the Closing Date had a first scheduled payment that was due on or before October 31, 2001200 ; 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; and 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.. -----------------

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 March 31, 20012004; 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, 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 related Purchase Date, no Designated Receivable had or will have a final scheduled payment that is due later than April 30February 28, 20082011.

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 31February 28, 20012006; 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, 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 related Purchase Date, no Designated Receivable had or will have a final scheduled payment that is due later than April 30, 20082013.

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, 20012004; 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, 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 related Purchase Date, no Designated Receivable had or will have a final scheduled payment that is due later than April September 30, 20082012.

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 July 31, 20012005; 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, 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 related Purchase Date, no Designated Receivable had or will have a final scheduled payment that is due later than April 30December 31, 20082013.

Scheduled Payments; Delinquency. As of the Initial Cutoff Date, each ------------------------------- each Designated Receivable being purchased on the Closing Date had a first scheduled payment that was due on or before October 31April 30, 20012002; 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 30October 31, 2008.

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 31November 30, 20012007; 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, 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 related Purchase Date, no Designated Receivable had or will have a final scheduled payment that is due later than April 30February 28, 20082015.

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 31April 30, 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 30October 31, 20082007.