Common use of Simple Interest Method Clause in Contracts

Simple Interest Method. All payments with respect to the Receivables have been allocated consistently in accordance with the Simple Interest Method.

Appears in 108 contracts

Sources: Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2020-1), Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2020-1), Receivables Purchase Agreement

Simple Interest Method. All payments with respect to the Receivables have been allocated consistently in accordance with the Simple Interest Method.. - Contract

Appears in 3 contracts

Sources: Asset Representations Review Agreement (Daimler Retail Receivables LLC), Asset Representations Review Agreement (Mercedes-Benz Auto Receivables Trust 2018-1), Asset Representations Review Agreement (Mercedes-Benz Auto Receivables Trust 2018-1)

Simple Interest Method. All payments with respect to the ---------------------- Receivables have been allocated consistently in accordance with the Simple Interest Method.

Appears in 2 contracts

Sources: Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC), Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC)

Simple Interest Method. All payments with respect to the Receivables Contracts have been allocated consistently in accordance with the Simple Interest Method.

Appears in 1 contract

Sources: Purchase Agreement (Carmax Auto Receivables LLC)

Simple Interest Method. All payments with respect to the Receivables ---------------------- have been allocated consistently in accordance with the Simple Interest Method.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Pooled Auto Securities Shelf LLC)