CERTAIN CHARACTERISTICS Sample Clauses

CERTAIN CHARACTERISTICS. (A) Each Initial Receivable had a remaining maturity, as of the Initial Cutoff Date, of at least 3 months but not more than 84 months; (B) each Initial Receivable had an original maturity of at least 12 months but not more than 84 months; (C) each Initial Receivable had an original principal balance of at least $3,129.00 and not more than $49,772.31; (D) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $554.48 and not more than $49,772.31; (E) each Initial Receivable has an Annual Percentage Rate of at least 7.50% and not more than 23.99%; (F) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date; (G) no funds have been advanced by the Seller, the Servicer, any Dealer, or anyone acting on behalf of any of them in order to cause any Receivable to qualify under clause (F) above; (H) no Initial Receivable has a final scheduled payment date on or before June 1, 1999; (I) the Principal Balance of each Receivable set forth in Schedule of Receivables is true and accurate in all material respects as of the Initial Cutoff Date; (J) 13.02% of the Initial Receivables, by principal balance as of the Initial Cutoff Date, was attributable to loans for the purchase of new Financed Vehicles and 86.98% of the Initial Receivables was attributable to loans for the purchase of used Financed Vehicles; (K) not more than 3.64% of the Principal Balance of the Initial Receivables as of the Initial Cutoff Date had an Annual Percentage Rate in excess of 21.00%; (L) none of such Receivables represented loans in excess of $50,000.00; (M) not more than 0.05% of the Aggregate Principal Balance of such Receivables represented loans with original terms greater than 72 months; and (N) not more than 1.21% of the Aggregate Principal Balance of such Receivables represented loans secured by Financed Vehicles that previously secured a loan originated by AFL with an obligor other than the current Obligor.
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CERTAIN CHARACTERISTICS. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of at least 2 months but not more than 240 months; (B) each Receivable had an original maturity of at least 12 months but not more than 240 months; (C) each Receivable had an original principal balance of at least $1,313.31 and not more than $889,770.23; (D) each Receivable had a Principal Balance as of the Cutoff Date of at least $153.62 and not more than $873,403.15; (E) as of the Cutoff Date, each Receivable has an Annual Percentage Rate of at least 4.00% and not more than 18.50%; (F) approximately 50.52% of the aggregate Principal Balance of the Receivables (measured as of the Cutoff Date), constituting 56.18% of the number of such Receivables, were secured by used Financed Vehicles at the time such Receivables were originated; (G) no funds have been advanced by DFS, any Dealer, or any Person acting on behalf of any of them in order to cause any DFS Receivable to qualify under paragraph (xxv) above; (H) as of the Cutoff Date, other than California (19.74%), Florida (9.20%), Oregon (6.93%) and Texas (11.06%), no State represented more than 5% of the Initial Pool Balance with respect to the billing addresses of the Obligors (determined by reference to the records of DFS); and (I) the Principal Balance of each DFS Receivable set forth in Schedule of Receivables is true and accurate in all material respects as of the Cutoff Date. As of the Cutoff Date, the sum of the Principal Balances of the Receivables which are Step Rate Receivables does not exceed 1% of the Initial Pool Balance. For purposes of determining whether DFS is obligated to purchase a Receivable on account of a breach of a representation and warranty pursuant to this Section 3.01 or indemnify in respect of such breach pursuant to the last paragraph of this Section 3.01, the determination as to whether a representation or warranty that is made to the knowledge of DFS has been breached shall be made without regard to such knowledge of DFS as if such representation and warranty were not qualified by the knowledge of DFS. Upon discovery by any party hereto of a breach of any of the representations and warranties of DFS set forth in this Section, which materially and adversely affects the value of the Receivables or the interest therein of the Issuer or the Indenture Trustee (or which materially and adversely affects the interest of the Issuer or the Indenture Trustee
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CERTAIN CHARACTERISTICS. (A) Each DFS Receivable had a remaining maturity, as of the Cutoff Date, of at least 1 month but not more than [ ] months; (B) each DFS Receivable had an original maturity of at least [ ] months but not more than [ ] months; (C) each DFS Receivable had an original principal balance of at least $[ ] and not more than $[ ]; (D) each DFS Receivable had a Principal Balance as of the Cutoff Date of at least $[ ] and not more than $[ ]; (E) each DFS Receivable has an Annual Percentage Rate of at least [ ]% and not more than [ ]%; (F) [ ]% of the Receivables when originated were secured by new Financed Vehicles; (G) no funds have been advanced by DFS, any Dealer, or any Person acting on behalf of any of them in order to cause any DFS Receivable to qualify under paragraph (xxv) above; (H) no DFS Receivable has a Final Scheduled Maturity Date on or before [ ] or later than [ ]; (I) as of the Cutoff Date, other than California ([ ]%), Florida ([ ]%), Oregon ([ ]%) and Texas ([ ]%), no State represented more than 5% by outstanding Pool Balance with respect to the location of the Financed Vehicles; and (J) the Principal Balance of each DFS Receivable set forth in Schedule of Receivables is true and accurate in all material respects as of the Cutoff Date. For purposes of determining whether DFS is obligated to purchase a DFS Receivable on account of a breach of a representation and warranty pursuant to this Section 3.01 or indemnify in respect of such breach pursuant to the last paragraph of this Section 3.01, the determination as to whether a representation or warranty that is made to the knowledge of DFS has been breached shall be made without regard to such knowledge of DFS as if such representation and warranty were not qualified by the knowledge of DFS. Upon discovery by any party hereto of a breach of any of the representations and warranties of DFS set forth in this Section, which materially and adversely affects the value of the Receivables or the interest therein of the Issuer or the Indenture Trustee (or which materially and adversely affects the interest of the Issuer or the Indenture Trustee in the related Receivable in the case of a representation and warranty relating to a particular Receivable), the party discovering such breach shall give prompt written notice to the other parties hereto. On the last day of the Collection Period following the Collection Period during which DFS discovers or receives notice of any such breach of any such representation or...
Sample 1Sample 2See All (5)
CERTAIN CHARACTERISTICS. (A) No Receivable has an initial payment date more than three months subsequent to the related Cutoff Date; (B) No Receivable has a final scheduled payment date on or before the related Transfer Date; (C) The Principal Balance of each Receivable set forth in Schedule of Receivables is true and accurate in all material respects as of the related Cutoff Date; and (D) after giving effect to the conveyance of Receivables on each Transfer Date, (i) the aggregate of the Principal Balances of Receivables with original maturities ranging from 72 to 84 months shall not exceed 7.5% of the aggregate of the Principal Balances of all Receivables on such Transfer Date, and (ii) the aggregate of the Principal Balances of Receivables attributable to loans originated under OFL's "Classic" program shall not exceed 40% of the aggregate of the Principal Balances of all Receivables on such Transfer Date.
Sample 1Sample 2
CERTAIN CHARACTERISTICS. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not more than 59 months; (B) each Receivable had an original maturity of not more than 60 months; (C) each Receivable had a remaining Principal Balance as of the Cutoff Date of at least $250.00 and not more than $28,000; (D) each Receivable has an Annual Percentage Rate of at least 14.0% and not more than 33.0%; (E) no Receivable was more than 30 days past due as of the Cutoff Date and (F) no funds have been advanced by the Seller, AFS, any Dealer, or anyone acting on behalf of any of them in order to cause any Receivable to qualify under clause (E) above. SCHEDULE C SERVICING POLICIES AND PROCEDURES NOTE: APPLICABLE TIME PERIODS WILL VARY BY STATE COMPLIANCE WITH STATE COLLECTION LAWS IS REQUIRED OF ALL AMERICREDIT COLLECTION PERSONNEL. ADDITIONALLY, AMERICREDIT HAS CHOSEN TO FOLLOW THE GUIDELINES OF THE FEDERAL FAIR DEBT COLLECTION PRACTICES ACT (FDCPA). THE COLLECTION PROCESS Customer is issued a monthly billing statement 16 to 20 days before payment is due.
Sample 1
CERTAIN CHARACTERISTICS. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of at least 3 months but not more than 84 months; (B) each Receivable had an original maturity of at least 12 months but not more than 84 months; (C) each Receivable had an original principal balance of at least $4,124 and not more than $56,431; (D) each Receivable had a remaining Principal Balance as of the Cutoff Date of at least $500 and not more than $56,431; (E) each Receivable has an Annual Percentage Rate of at least 7.75% and not more than 26.99%; (F) no Receivable was more than 30 days past due as of the Cutoff Date; (G) no funds have been advanced by the Seller, the Servicer, any Dealer, or anyone acting on behalf of any of them in order to cause any Receivable to qualify under clause (F) above; (H) no Receivable has a final scheduled payment date on or before May 29, 2000; (I) the Principal Balance of each Receivable set forth in Schedule of Receivables is true and accurate in all material respects as of the Cutoff Date; and (J) 11.43% of the Receivables, by principal balance as of the Cutoff Date, was attributable to loans for the purchase of new Financed Vehicles and 88.57% of the Receivables was attributable to loans for the purchase of used Financed Vehicles.
Sample 1

Related to CERTAIN CHARACTERISTICS

  • Certain Characteristics of the Receivables (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than 3 months and not more than 75 months.

  • Characteristics The Initial Contracts have the following characteristics: (i) all the Contracts are secured by Motorcycles; (ii) no Initial Contract has a remaining maturity of more than 84 months; and (iii) the final scheduled payment on the Initial Contract with the latest maturity is due not later than May 2011. Approximately 79.79% of the Principal Balance of the Initial Contracts as of the Initial Cutoff Date is attributable to loans for purchases of new Motorcycles and approximately 20.21% is attributable to loans for purchases of used Motorcycles. No Initial Contract was originated after the Initial Cutoff Date. No Initial Contract has a Contract Rate less than 4.489%. The last scheduled payment date of the Contracts (including any Subsequent Contracts) is due no later than August 2011. Approximately 97.94% of the Principal Balance of the Initial Contracts as of the Initial Cutoff Date is attributable to loans for purchases of Motorcycles manufactured by Harley-Davidson or Buell and approximately 2.06% of the Principal Balance of the Initial Contracts as of the Initial Cutoff Date is attributable to loans to purchase Motorcycles not manufactured by Harley-Davidson or Buell.

  • Mortgage Loan Characteristics The characteristics of the related Mortgage Loan Package are as set forth on the description of the pool characteristics for the applicable Mortgage Loan Package delivered pursuant to Section 11 on the related Closing Date in the form attached as Exhibit B to each related Assignment and Conveyance Agreement;

  • Pool Characteristics The Mortgage Loans in the related Mortgage Loan Package have the characteristics as set forth on Exhibit 2 to the related Assignment and Conveyance.

  • Certain Changes The Administrator may accelerate the date on which the restrictions on transfer set forth in Section 2(b) hereof shall lapse or otherwise adjust any of the terms of the Restricted Shares; provided that, subject to Section 5 of the Plan, no action under this Section shall adversely affect the Participant's rights hereunder.

  • Characteristics of Receivables As of the Cut-Off Date (or such other date as may be specifically set forth below), each Receivable:

  • Individual Characteristics Each Receivable has the following individual characteristics as of the Cut-Off Date:

  • Certain Agreements Related to Deposits Subject to Section 2.2, the Assuming Institution agrees to honor the terms and conditions of any written escrow or mortgage servicing agreement or other similar agreement relating to a Deposit liability assumed by the Assuming Institution pursuant to this Agreement.

  • Certain Calculations Unless otherwise specified herein, the following provisions shall apply:

  • Annual Reports on Assessment of Compliance with Servicing Criteria (a) On or before March 1 of each year commencing in March 2018, the Master Servicer, the Special Servicer, the Certificate Administrator, the Custodian, the Operating Advisor and, if it has made (or is required to make) an Advance during the applicable calendar year, the Trustee, each at its own expense, shall furnish (and each of the preceding parties, as applicable, (i) with respect to any Servicing Function Participant of such party that is a Mortgage Loan Seller Sub-Servicer, shall use commercially reasonable efforts to cause such Servicing Function Participant to furnish, and (ii) with respect to any other Servicing Function Participant of such party (other than any party to this Agreement), shall cause such Servicing Function Participant to furnish) (each Master Servicer, the Special Servicer, the Certificate Administrator, the Custodian, the Operating Advisor, any Servicing Function Participant and, if it has made (or is required to make) an Advance during the applicable calendar year, the Trustee, as the case may be, a “Reporting Servicer”) to the Certificate Administrator, the Trustee, the Serviced Companion Loan Holders (or, in the case of a Serviced Companion Loan that is part of an Other Securitization Trust, the applicable Other Depositor and Other Exchange Act Reporting Party), the Operating Advisor (only in the case of a report furnished by the Special Servicer) and the Depositor, a report on an assessment of compliance with the Relevant Servicing Criteria (together with a copy thereof in XXXXX-Compatible Format, or in such other format as otherwise agreed upon by the Depositor, the Certificate Administrator, the applicable Other Depositor, the applicable Other Exchange Act Reporting Party and the applicable Certifying Servicer) that complies in all material respects with the requirements of Item 1122 of Regulation AB and contains (A) a statement by such Reporting Servicer of its responsibility for assessing compliance with the Relevant Servicing Criteria, (B) a statement that such Reporting Servicer used the Servicing Criteria to assess compliance with the Relevant Servicing Criteria, (C) such Reporting Servicer’s assessment of compliance with the Relevant Servicing Criteria as of the end of and for the preceding calendar year, including, if there has been any material instance of noncompliance with the Relevant Servicing Criteria, a discussion of each such failure and the nature and status thereof and (D) a statement that a registered public accounting firm has issued an attestation report on such Reporting Servicer’s assessment of compliance with the Relevant Servicing Criteria as of and for such period. Copies of all compliance reports delivered pursuant to this Section 10.09 shall be provided to any Certificateholder, upon the written request thereof, by the Certificate Administrator. Each such report shall be addressed to the Depositor and each Other Depositor (if addressed) and signed by an authorized officer of the applicable company, and shall address each of the Relevant Servicing Criteria specified on a certification substantially in the form of Exhibit O to this Agreement delivered to the Depositor on the Closing Date. Promptly after receipt of each such report, (i) the Depositor and each Other Depositor may review each such report and, if applicable, consult with the each Reporting Servicer as to the nature of any material instance of noncompliance with the Relevant Servicing Criteria, and (ii) the Certificate Administrator shall confirm that the assessments, taken individually address the Relevant Servicing Criteria for each party as set forth on Exhibit O to this Agreement and notify the Depositor of any exceptions. For the avoidance of doubt, the Trustee shall have no obligation or duty to determine whether any such report (other than any such report furnished by the Trustee or any Servicing Function Participant of the Trustee) is in form and substance in compliance with the requirements of Regulation AB.

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