Common use of Certain Characteristics of Receivables Clause in Contracts

Certain Characteristics of Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not more than 72 months; (B) each Receivable had an original maturity of not more than 72 months; (C) not more than 75% of Receivables (calculated by Aggregate Principal Balance) will have an original term to maturity of 72 months; (D) each Receivable had a remaining Principal Balance as of the Cutoff Date of at least $5,000 and not more than $50,000; and (E) each Receivable has an Annual Percentage Rate of at least 6.50% and not more than 29.00%.

Appears in 1 contract

Samples: Purchase Agreement (Triad Automobile Receivables Trust 2004-A)

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Certain Characteristics of Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not more than 72 months; (B) each Receivable had an original maturity of not more than 72 months; (C) not more than 7556.6% of Receivables (calculated by Aggregate Principal Balance) will have an original term to maturity of 72 months; (D) each Receivable had a remaining Principal Balance as of the Cutoff Date of at least $5,000 and not more than $50,000; and (E) each Receivable has an Annual Percentage Rate of at least 6.508.50% and not more than 29.0030%.

Appears in 1 contract

Samples: Purchase Agreement (Triad Automobile Receivables Trust 2003-B)

Certain Characteristics of Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not more than 72 months73 months and not less than 1 month; (B) each Receivable had an original maturity of not more than 72 73 months; (C) not more than 75% of Receivables (calculated by Aggregate Principal Balance) will have an original term to maturity of 72 73 months; (D) each Receivable had a remaining Principal Balance as of the Cutoff Date of at least $5,000 1,000 and not more than $50,000; and (E) each Receivable has an Annual Percentage Rate of at least 6.506.00% and not more than 29.0027.00%.

Appears in 1 contract

Samples: Purchase Agreement (Triad Financial Special Purpose LLC)

Certain Characteristics of Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not more than 72 months and not less than 4 months; (B) each Receivable had an original maturity of not more than 72 months; (C) not more than 75% of Receivables (calculated by Aggregate Principal Balance) will have an original term to maturity of 72 months; (D) each Receivable had a remaining Principal Balance as of the Cutoff Date of at least $5,000 1,000 and not more than $50,000; and (E) each Receivable has an Annual Percentage Rate of at least 6.506.00% and not more than 29.0030.00%.

Appears in 1 contract

Samples: Purchase Agreement (Triad Automobile Receivables Trust 2005-A)

Certain Characteristics of Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not more than 72 months; (B) each Receivable had an original maturity of not more than 72 months; (C) not more than 7537.6% of Receivables (calculated by Aggregate Principal Balance) will have an original term to maturity of 72 months; (D) each Receivable had a remaining Principal Balance as of the Cutoff Date of at least $5,000 5,003.58 and not more than $50,00042,151.35; and (E) each Receivable has an Annual Percentage Rate of at least 6.5011.00% and not more than 29.0029.90%.

Appears in 1 contract

Samples: Purchase Agreement (Triad Auto Receivables Trust 2003-A)

Certain Characteristics of Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not more than 72 months; (B) each Receivable had an original maturity of not more than 72 months; (C) not more than 7541% of Receivables (calculated by Aggregate Principal Balance) will have an original term to maturity of 72 months; (D) each Receivable had a remaining Principal Balance as of the Cutoff Date of at least $5,000 and not more than $50,000; and (E) each Receivable has an Annual Percentage Rate of at least 6.5011% and not more than 29.0030%.

Appears in 1 contract

Samples: Purchase Agreement (Triad Automobile Receivables Trust 2002 A)

Certain Characteristics of Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not more than 72 73 months and not less than 0 months; (B) each Receivable had an original maturity of not more than 72 73 months; (C) not more than 75% of Receivables (calculated by Aggregate Principal Balance) will have an original term to maturity of 72 73 months; (D) each Receivable had a remaining Principal Balance as of the Cutoff Date of at least $5,000 1,000 and not more than $50,00054,000; and (E) each Receivable has an Annual Percentage Rate of at least 6.505.90% and not more than 29.0026.00%.

Appears in 1 contract

Samples: Purchase Agreement (Triad Financial Special Purpose LLC)

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Certain Characteristics of Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not more than 72 months and not less than 0 months; (B) each Receivable had an original maturity of not more than 72 months; (C) not more than 75% of Receivables (calculated by Aggregate Principal Balance) will have an original term to maturity of 72 months; (D) each Receivable had a remaining Principal Balance as of the Cutoff Date of at least $5,000 1,000 and not more than $50,00046,000; and (E) each Receivable has an Annual Percentage Rate of at least 6.506.00% and not more than 29.0030.00%.

Appears in 1 contract

Samples: Purchase Agreement (Triad Financial Special Purpose LLC)

Certain Characteristics of Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not more than 72 months73 months and not less than one month; (B) each Receivable had an original maturity of not more than 72 73 months; (C) not more than 75% of Receivables (calculated by Aggregate Principal Balance) will have an original term to maturity of 72 73 months; (D) each Receivable had a remaining Principal Balance as of the Cutoff Date of at least $5,000 1,000 and not more than $50,00059,000; and (E) each Receivable has an Annual Percentage Rate of at least 6.505.80% and not more than 29.0026.00%.

Appears in 1 contract

Samples: Purchase Agreement (Triad Financial Special Purpose LLC)

Certain Characteristics of Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not more than 72 73 months and not less than 4 months; (B) each Receivable had an original maturity of not more than 72 73 months; (C) not more than 75% of Receivables (calculated by Aggregate Principal Balance) will have an original term to maturity of 72 73 months; (D) each Receivable had a remaining Principal Balance as of the Cutoff Date of at least $5,000 1,000 and not more than $50,000; and (E) each Receivable has an Annual Percentage Rate of at least 6.504.55% and not more than 29.00%.

Appears in 1 contract

Samples: Purchase Agreement (Triad Automobile Receivables Trust 2006-A)

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