Common use of Simple Interest Contracts Clause in Contracts

Simple Interest Contracts. With respect to each Contract owned by WFS at the Statistical Calculation Date, as of the Statistical Calculation Date, approximately 99.38% of the Contracts by Statistical Calculation Date Principal Balance shall be Simple Interest Contracts and approximately 0.62% of the Contracts by Statistical Calculation Date Principal Balance shall be Rule of 78's Contracts.

Appears in 1 contract

Sources: Sale and Servicing Agreement (WFS Financial 2005-3 Owner Trust)

Simple Interest Contracts. With respect to each Contract owned by WFS at the Statistical Calculation Date, as of the Statistical Calculation Date, approximately 99.3898.50% of the Contracts by Statistical Calculation Date Principal Balance shall be Simple Interest Contracts and approximately 0.621.50% of the Contracts by Statistical Calculation Date Principal Balance shall be Rule of 78's Contracts.

Appears in 1 contract

Sources: Sale and Servicing Agreement (WFS Receivables Corp 4)

Simple Interest Contracts. With respect to each Contract owned by WFS at the Statistical Calculation Date, as of the Statistical Calculation Date, approximately 99.3899.06% of the Contracts by Statistical Calculation Date Principal Balance shall be Simple Interest Contracts and approximately 0.620.93% of the Contracts by Statistical Calculation Date Principal Balance shall be Rule of 78's Contracts.

Appears in 1 contract

Sources: Sale and Servicing Agreement (WFS Financial 2005-1 Owner Trust)

Simple Interest Contracts. With respect to each Contract owned by WFS at the Statistical Calculation Date, as of the Statistical Calculation Date, approximately 99.3899.19% of the Contracts by Statistical Calculation Date Date, Principal Balance shall be Simple Interest Contracts and approximately 0.620.81% of the Contracts by Statistical Calculation Date Principal Balance shall be Rule of 78's Contracts.

Appears in 1 contract

Sources: First Tier Subsequent Assignment (WFS Financial 2004-3 Owner Trust)

Simple Interest Contracts. With respect to each Contract owned by WFS at the Statistical Calculation Date, as of the Statistical Calculation Date, approximately 99.3899.12% of the Contracts by Statistical Calculation Date Principal Balance shall be Simple Interest Contracts and approximately 0.620.88% of the Contracts by Statistical Calculation Date Principal Balance shall be Rule of 78's Contracts.

Appears in 1 contract

Sources: Sale and Servicing Agreement (WFS Financial 2004-4 Owner Trust)

Simple Interest Contracts. With respect to each Contract owned by WFS at the Statistical Calculation Date, as of the Statistical Calculation Date, approximately 99.3899.21% of the Contracts by Statistical Calculation Date Date, Principal Balance shall be Simple Interest Contracts and approximately 0.620.79% of the Contracts by Statistical Calculation Date Principal Balance shall be Rule of 78's Contracts.

Appears in 1 contract

Sources: First Tier Subsequent Assignment (WFS Financial 2005-2 Owner Trust)