Common use of Interest Calculation Clause in Contracts

Interest Calculation. Each Contract provides for the calculation of interest payable thereunder under either the “simple interest” method, the “Rule of 78’s” method or the “precomputed interest” method.

Appears in 98 contracts

Samples: Purchase Agreement, Sale and Servicing (AFS SenSub Corp.), Purchase Agreement (AFS SenSub Corp.)

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Interest Calculation. Each Contract provides for the calculation of interest payable thereunder under either the “simple interest” method, the “Rule of 78’s” method or the “precomputed interest” method.

Appears in 84 contracts

Samples: Purchase Agreement (Exeter Automobile Receivables Trust 2024-3), Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2024-3), Purchase Agreement (Exeter Automobile Receivables Trust 2024-3)

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Interest Calculation. Each Contract provides for the calculation of interest payable thereunder under either the "simple interest" method, the "Rule of 78’s” 's" method or the "precomputed interest" method.

Appears in 9 contracts

Samples: Purchase Agreement (Americredit Automobile Receivable Trust 2005-D-A), Purchase Agreement (Americredit Automobile Receivables Trust 2003-B-X), Sale and Servicing Agreement (Americredit Automobile Receivables Trust 2003-B-X)

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