Common use of Annual Percentage Rate Clause in Contracts

Annual Percentage Rate. Each Receivable conveyed hereby shall have an Annual Percentage Rate equal to or greater than 9.5%. As of the Cutoff Date, the weighted average Annual Percentage Rate of the Receivables is not less than 9.75%.

Appears in 1 contract

Samples: Purchase and Servicing Agreement (Mego Financial Corp)

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Annual Percentage Rate. Each Receivable conveyed hereby shall have has an Annual Percentage Rate equal to or greater APR of at least 0.99% and not more than 9.5%. As 17.95% and the weighted average APR of the Receivables as of the Cutoff Date, the weighted average Annual Percentage Rate of the Receivables is not less than 9.75Date was approximately 4.32%.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2009-1)

Annual Percentage Rate. Each Receivable conveyed hereby shall have has an Annual Percentage Rate equal to or greater APR of at least 0.94% and not more than 9.5%. As 17.90% and the weighted average APR of the Receivables as of the Cutoff Date, the weighted average Annual Percentage Rate of the Receivables is not less than 9.75Date was approximately 4.06%.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2010-1)

Annual Percentage Rate. Each Receivable conveyed hereby shall have has an Annual Percentage Rate equal to or greater APR of at least 0.00% and not more than 9.5%. As 11.99% and the weighted average APR of the Receivables as of the Cutoff Date, the weighted average Annual Percentage Rate of the Receivables is not less than 9.75Date was approximately 2.93%.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Mercedes Benz Auto Receivables Trust 2012-1)

Annual Percentage Rate. Each Receivable conveyed hereby shall have has an Annual Percentage Rate equal to or greater APR of at least 0.00% and not more than 9.5%. As 11.99% and the weighted average APR of the Receivables as of the Cutoff Date, the weighted average Annual Percentage Rate of the Receivables is not less than 9.75Date was approximately 2.85%.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2013-1)

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Annual Percentage Rate. Each Receivable conveyed hereby shall have has an Annual Percentage Rate equal to or greater APR of at least 0.99% and not more than 9.5%. As 16.90% and the weighted average APR of the Receivables as of the Cutoff Date, the weighted average Annual Percentage Rate of the Receivables is not less than 9.75Date was approximately 3.62%.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2011-1)

Annual Percentage Rate. Each Receivable conveyed hereby shall have has an Annual Percentage Rate equal to or greater APR of at least 0.00% and not more than 9.5%. As 11.89% and the weighted average APR of the Receivables as of the Cutoff Date, the weighted average Annual Percentage Rate of the Receivables is not less than 9.75Date was approximately 2.67%.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2014-1)

Annual Percentage Rate. Each Receivable conveyed hereby shall have has an Annual Percentage Rate equal to or greater APR of at least 0.00% and not more than 9.5%. As 11.74% and the weighted average APR of the Receivables as of the Cutoff Date, the weighted average Annual Percentage Rate of the Receivables is not less than 9.75Date was approximately 2.83%.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2015-1)

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