Common use of Accurate Description; No Prepayments Clause in Contracts

Accurate Description; No Prepayments. All descriptions in each Purchased Lease, including, without limitation, the description of the related Equipment and the description of the number and amount of Scheduled Payments due or to become due under such Purchased Lease, are complete and accurate. All information set forth on Schedule 1 to any Assignment (including, without limitation, the vehicle identification number for each item of Equipment leased under any related Purchased Lease) is true and correct. On the related Purchase Date, no amounts have been prepaid on any Purchased Lease except advance payments required by such Purchased Lease and such other amounts as have been disclosed to Buyer in writing.