Common use of Certain Characteristics of Initial Receivables Clause in Contracts

Certain Characteristics of Initial Receivables. (A) Each Initial ---------------------------------------------- Receivable had a remaining maturity, as of the Initial Cutoff Date, of not more than 72 months; (B) each Receivable had an original maturity of not more than 72 months; (C) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $250 and not more than $60,000; (D) each Initial Receivable has an Annual Percentage Rate of at least 8.00% and not more than 32.00%; (E) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date and (F) no funds have been advanced by AmeriCredit, any Dealer, or anyone acting on behalf of any of them in order to cause any Initial Receivable to qualify under clause (E) above.

Appears in 3 contracts

Samples: Purchase Agreement (Americredit Financial Services Inc), Purchase Agreement (Americredit Financial Services Inc), Purchase Agreement (Americredit Financial Services Inc)

AutoNDA by SimpleDocs

Certain Characteristics of Initial Receivables. (A) Each Initial ---------------------------------------------- Receivable had a remaining maturity, as of the Initial Cutoff Date, of not more than 72 months; (B) each Receivable had an original maturity of not more than 72 months; (C) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $250 and not more than $60,000; (D) each Initial Receivable has an Annual Percentage Rate of at least 8.008% and not more than 32.0032%; (E) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date and (F) no funds have been advanced by AmeriCredit, any Dealer, or anyone acting on behalf of any of them in order to cause any Initial Receivable to qualify under clause (E) above.

Appears in 2 contracts

Samples: Purchase Agreement (Americredit Financial Services Inc), Purchase Agreement (Americredit Financial Services Inc)

Certain Characteristics of Initial Receivables. (A) Each Initial ---------------------------------------------- Receivable had a remaining maturity, as of the Initial Cutoff Date, of not more than 72 months; (B) each Receivable had an original maturity of not more than 72 months; (C) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $250 and not more than $60,00030,000; (D) each Initial Receivable has an Annual Percentage Rate of at least 8.009.00% and not more than 32.0033.00%; (E) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date and (F) no funds have been advanced by AmeriCredit, any Dealer, or anyone acting on behalf of any of them in order to cause any Initial Receivable to qualify under clause (E) above.

Appears in 2 contracts

Samples: Purchase Agreement (Americredit Financial Services Inc), Purchase Agreement (Americredit Financial Services Inc)

Certain Characteristics of Initial Receivables. (A) Each Initial ---------------------------------------------- Receivable had a remaining maturity, as of the Initial Cutoff Date, of not more than 72 months; (B) each Receivable had an original maturity of not more than 72 months; (C) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $250 and not more than $60,00030,000; (D) each Initial Receivable has an Annual Percentage Rate of at least 8.009.00% and not more than 32.00%; (E) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date and (F) no funds have been advanced by AmeriCredit, any Dealer, or anyone acting on behalf of any of them in order to cause any Initial Receivable to qualify under clause (E) above.

Appears in 1 contract

Samples: Purchase Agreement (Americredit Financial Services Inc)

Certain Characteristics of Initial Receivables. (A) Each Initial ---------------------------------------------- Receivable had a remaining maturity, as of the Initial Cutoff Date, of not more than 72 59 months; (B) each Receivable had an original maturity of not more than 72 60 months; (C) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $250 and not more than $60,00030,000; (D) each Initial Receivable has an Annual Percentage Rate of at least 8.0014.25% and not more than 32.0033.00%; (E) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date and (F) no funds have been advanced by AmeriCredit, any Dealer, or anyone acting on behalf of any of them in order to cause any Initial Receivable to qualify under clause (E) above.

Appears in 1 contract

Samples: Purchase Agreement (Americredit Financial Services Inc)

Certain Characteristics of Initial Receivables. (A) Each Initial ---------------------------------------------- Receivable had a remaining maturity, as of the Initial Cutoff Date, of not more than 72 months; (B) each Initial Receivable had an original maturity of not more than 72 months; (C) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $250 and not more than $60,00048,000; (D) each Initial Receivable has an Annual Percentage Rate of at least 8.0010% and not more than 32.0030%; (E) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date and (F) no funds have had been advanced by AmeriCredit, any Dealer, any Third-Party Lender, or anyone acting on behalf of any of them in order to cause any Initial Receivable to qualify under clause (E) above.

Appears in 1 contract

Samples: Purchase Agreement (Americredit Financial Services Inc)

Certain Characteristics of Initial Receivables. (A) Each Initial ---------------------------------------------- Receivable had a remaining maturity, as of the Initial Cutoff Date, of not more than 72 60 months; (B) each Receivable had an original maturity of not more than 72 60 months; (C) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $250 and not more than $60,00030,000; (D) each Initial Receivable has an Annual Percentage Rate of at least 8.0012.50% and not more than 32.0033.00%; (E) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date and (F) no funds have been advanced by AmeriCredit, any Dealer, or anyone acting on behalf of any of them in order to cause any Initial Receivable to qualify under clause (E) above.

Appears in 1 contract

Samples: Purchase Agreement (Americredit Financial Services Inc)

Certain Characteristics of Initial Receivables. (A) Each Initial ---------------------------------------------- Receivable had a remaining maturity, as of the Initial Cutoff Date, of not more than 72 months; (B) each Receivable had an original maturity of not more than 72 months; (C) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $250 and not more than $60,00030,000; (D) each Initial Receivable has an Annual Percentage Rate of at least 8.0012.50% and not more than 32.0033.00%; (E) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date and (F) no funds have been advanced by AmeriCredit, any Dealer, or anyone acting on behalf of any of them in order to cause any Initial Receivable to qualify under clause (E) above.

Appears in 1 contract

Samples: Purchase Agreement (Americredit Financial Services Inc)

AutoNDA by SimpleDocs

Certain Characteristics of Initial Receivables. (A) Each Initial ---------------------------------------------- Receivable had a remaining maturity, as of the Initial Cutoff Date, of not more than 72 months; (B) each Receivable had an original maturity of not more than 72 months; (C) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $250 and not more than $60,000; (D) each Initial Receivable has an Annual Percentage Rate of at least 8.009% and not more than 32.0030%; (E) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date and (F) no funds have been advanced by AmeriCredit, any Dealer, any Third-Party Lender, or anyone acting on behalf of any of them in order to cause any Initial Receivable to qualify under clause (E) above.

Appears in 1 contract

Samples: Purchase Agreement (Americredit Financial Services Inc)

Certain Characteristics of Initial Receivables. (A) Each Initial ---------------------------------------------- Receivable had a remaining maturity, as of the Initial Cutoff Date, of not more than 72 60 months; (B) each Receivable had an original maturity of not more than 72 60 months; (C) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $250 359.78 and not more than $60,00029,699.12; (D) each Initial Receivable has an Annual Percentage Rate of at least 8.0014.25% and not more than 32.0030.00%; (E) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date and (F) no funds have been advanced by AmeriCredit, any Dealer, or anyone acting on behalf of any of them in order to cause any Initial Receivable to qualify under clause (E) above.

Appears in 1 contract

Samples: Purchase Agreement (Americredit Financial Services Inc)

Certain Characteristics of Initial Receivables. (A) Each Initial ---------------------------------------------- Receivable had a remaining maturity, as of the Initial Cutoff Date, of not more than 72 60 months; (B) each Receivable had an original maturity of not more than 72 60 months; (C) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $250 and not more than $60,00030,000; (D) each Initial Receivable has an Annual Percentage Rate of at least 8.0013.00% and not more than 32.0033.00%; (E) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date and (F) no funds have been advanced by AmeriCredit, any Dealer, or anyone acting on behalf of any of them in order to cause any Initial Receivable to qualify under clause (E) above.

Appears in 1 contract

Samples: Purchase Agreement (Americredit Financial Services Inc)

Certain Characteristics of Initial Receivables. (A) Each Initial ---------------------------------------------- Receivable had a remaining maturity, as of the Initial Cutoff Date, of not more than 72 months; (B) each Initial Receivable had an original maturity of not more than 72 months; (C) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $250 and not more than $60,000; (D) each Initial Receivable has an Annual Percentage Rate of at least 8.008% and not more than 32.0033%; (E) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date and (F) no funds have had been advanced by AmeriCredit, any Dealer, any Third-Party Lender, or anyone acting on behalf of any of them in order to cause any Initial Receivable to qualify under clause (E) above.

Appears in 1 contract

Samples: Purchase Agreement (Americredit Financial Services Inc)

Certain Characteristics of Initial Receivables. (A) Each Initial ---------------------------------------------- Receivable had a remaining maturity, as of the Initial Cutoff Date, of not more than 72 60 months; (B) each Receivable had an original maturity of not more than 72 60 months; (C) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $250 and not more than $60,00030,000; (D) each Initial Receivable has an Annual Percentage Rate of at least 8.0014.25% and not more than 32.00%; (E) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date and (F) no funds have been advanced by AmeriCredit, any Dealer, or anyone acting on behalf of any of them in order to cause any Initial Receivable to qualify under clause (E) above.

Appears in 1 contract

Samples: Purchase Agreement (Americredit Financial Services Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.