Common use of Annual Percentage Rate Clause in Contracts

Annual Percentage Rate. Each Receivable is a fully-amortizing simple interest contract which bears interest at a fixed rate per annum and which provides for level scheduled monthly, semi-monthly or bi-weekly payments (except for the last payment, which may be minimally different from the level payments) over its respective remaining term, and is not secured by any interest in real estate.

Annual Percentage Rate. Each Receivable is a fully-amortizing simple interest contract which bears interest at a fixed rate per annum and which provides for level scheduled monthly, monthly or semi-monthly or bi-weekly payments (except for the last payment, which may be minimally different from the level payments) over its respective remaining term, and is not secured by any interest in real estate.

Annual Percentage Rate. Each Receivable is a fully-amortizing simple interest contract which bears interest at a fixed rate per annum and which provides for level scheduled monthly, semi-monthly or bi-weekly payments (except for the last payment, which may be minimally different from the level payments) over its respective remaining term, and is not secured by any interest in real estate, and has not been identified on the computer files of the Seller as relating to Obligors who have requested a reduction in the periodic finance charges, as of the Cut-off Date, by application of the Servicemembers Civil Relief Act.

Annual Percentage Rate. Each Receivable is a fully-amortizing fixed rate simple interest contract which bears interest at a fixed rate per annum and which that provides for level scheduled monthly, monthly or semi-monthly or bi-weekly payments (except for the last payment, which may be minimally different from the level payments) over its respective remaining term, and is not secured by any interest in real estate.

Annual Percentage Rate. Each Receivable is a fully-amortizing simple interest contract which bears interest at a fixed rate per annum and which provides for level scheduled monthly, monthly or semi-monthly or bi-weekly payments (except for the last payment, which may be minimally different from the level payments) over its respective remaining term, and is not secured by any interest in real estate.