Common use of Weighted Average Number of Payments Clause in Contracts

Weighted Average Number of Payments. As of the Cutoff Date, the weighted average number of Scheduled Payments remaining until the maturity of the Receivables shall be not more than 72 Scheduled Payments.

Appears in 3 contracts

Samples: Purchase Agreement (Mmca Auto Owner Trust 2002-5), Sale and Servicing Agreement (Mmca Auto Owner Trust 2002-5), Sale and Servicing Agreement (Mmca Auto Owner Trust 2002-5)

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Weighted Average Number of Payments. As of the Initial Cutoff Date, the weighted average number of Scheduled Payments payments remaining until the maturity of the Initial Receivables shall be not more than 72 66 Scheduled Payments. As of each Subsequent Cutoff Date, the weighted average number of payments remaining until the maturity of any related Subsequent Receivables shall be not more than 66 Scheduled Payments.

Appears in 2 contracts

Samples: Purchase Agreement (Mmca Auto Receivables Trust), Purchase Agreement (Mmca Auto Owner Trust 2002-1)

Weighted Average Number of Payments. As of the Cutoff Date, the weighted average number of Scheduled Payments payments remaining until the maturity of the Receivables shall be not more than 72 [ ] Scheduled Payments.

Appears in 1 contract

Samples: Purchase Agreement (Mmca Auto Owner Trust 2001-4)

Weighted Average Number of Payments. As of the Initial Cutoff Date, the weighted average number of payments remaining until the maturity of the Initial Receivables shall be not more than [ ] Scheduled Payments. As of the related Subsequent Cutoff Date, the weighted average number of Scheduled Payments remaining until the maturity of any Subsequent Receivables transferred to the Receivables Trust on the same Subsequent Transfer Date shall be not more than 72 [60] Scheduled Payments.

Appears in 1 contract

Samples: Purchase Agreement (Mmca Auto Owner Trust 2000-2)

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Weighted Average Number of Payments. As of the Cutoff Date, the weighted average number of Scheduled Payments payments remaining until the maturity of the Receivables shall be not more than 72 59 Scheduled Payments.

Appears in 1 contract

Samples: Purchase Agreement (Mmca Auto Owner Trust 2001-4)

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