Common use of Simple Interest Contracts Clause in Contracts

Simple Interest Contracts. As of the Statistical Calculation Date, approximately % of the Contracts by Statistical Calculation Date Principal Balance shall be Simple Interest Contracts and approximately % of the Contracts by Statistical Calculation Date Principal Balance shall be Rule of 78's Contracts.

Appears in 2 contracts

Sources: Sale and Servicing Agreement (WFS Receivables Corp 4), Sale and Servicing Agreement (WFS Receivables Corp 3)

Simple Interest Contracts. As of the Statistical Calculation Date, approximately 97.22% of the Contracts by Statistical Calculation Date Principal Balance of the Contracts shall be Simple Interest Contracts and approximately 2.78% of the Contracts by Statistical Calculation Date Principal Balance of the Contracts shall be Rule of 78's Contracts.

Appears in 1 contract

Sources: Sale and Servicing Agreement (WFS Receivables Corp 3)