Characteristics of Initial and Additional Contracts Sample Clauses

Characteristics of Initial and Additional Contracts. The Initial and --------------------------------------------------- Additional Contracts have the following characteristics as of the Cut-off Date: (i) of the Initial Contracts, the Obligors on not more than 10% (by Cut-off Date Principal Balance) are located in any one state except Texas; of the Initial and Additional Contracts, the Obligors on not more than 10% are located in any one state except Texas, the Obligors on not more than 5% are located in an area with the same zip code and the Obligors on not more than 1% are located in California in an area with the same zip code; (ii) no Initial or Additional Contract has a remaining maturity of fewer than 9 months or more than 360 months; (iii) the final scheduled payment date on the Initial or Additional Contract with the latest maturity is in April 2032; (iv) of the Initial Contracts, approximately 75.03% (by Cut-off Date Principal Balance) is attributable to loans to purchase new Manufactured Homes and approximately 24.97% to used Manufactured Homes; of the Initial and Additional Contracts, approximately 73.18% is attributable to loans to purchase new Manufactured Homes and approximately 26.82% to used Manufactured Homes; (v) no less than 30.20% of the Initial and Additional Contracts (by Cut-off Date Principal Balance) is attributable to Land-and-Home Contracts; (vi) the Weighted Average Contract Rate of the Initial and Additional Contracts as of the Cut-off Date is at least 12.15% per annum; (vii) at least 72.89% of the Initial and Additional Contracts (by Cut-off Date Principal Balance) is attributable to loans for the purchase of multi-section Manufactured Homes; (viii) the weighted average (by Cut-off Date Principal Balance) loan to value ratio of the Initial and Additional Contracts is not more than 87.69%; (ix) no Initial Contract was originated before January 18, 1989 and no Additional Contract was originated before February 1, 1995; and (x) not more than 28.23% of the Initial and Additional Contracts (by Cut-off Date Principal Balance) are secured by Manufactured Homes located in a mobile home park.
Sample 1See All (14)
Characteristics of Initial and Additional Contracts. The Initial and Additional Contracts have the following characteristics as of the Cut-off Date: (i) the Obligors on not more than 10% of the Initial and Additional Contracts by Cut-off Date Pool Principal Balance are located in any one state, the Obligors on not more than 5% of the Contracts by Cut-off Date Pool Principal Balance are located in an area with the same zip code and the Obligors on not more than 1% of the Contracts by Cut-off Date Pool Principal Balance are located in California in an area with the same zip code; (ii) no Initial or Additional Contract has a remaining maturity of fewer than 24 months or more than 360 months; (iii) the final scheduled payment date on the Initial or Additional Contract with the latest maturity is in February 25, 2029; (iv) approximately 75% of the Initial and Additional Contracts by Cut-off Date Pool Principal Balance is attributable to loans for purchases of new Manufactured Homes and approximately 25% is attributable to loans for purchases of used Manufactured Homes; (v) no less than 22.3% of the Initial and Additional Contracts by Cut-off Date Pool Principal Balance is attributable to Land-and-Home Contracts; (vi) the Weighted Average Contract Rate of the Initial and Additional Contracts as of the Cut-off Date is at least 9.55% per annum; (vii) at least 66% of the Initial and Additional Contracts by Cut-off Date Pool Principal Balance is attributable to loans for the purchase of multi-section Manufactured Homes; (viii) the weighted average (by Cut-off Date Pool Principal Balance) loan to value ratio of the Initial and Additional Contracts is not more than 88.11%; (ix) no Initial or Additional Contract was originated before May 28, 1996; and (x) not more than 34% of the Initial and Additional Contracts by Cut-off Date Pool Principal Balance are secured by Manufactured Homes located in a mobile home park.
Sample 1See All (6)
Characteristics of Initial and Additional Contracts. The Initial and Additional Contracts have the following characteristics as of the Cut-off Date:
Sample 1Sample 2Sample 3See All (4)
Characteristics of Initial and Additional Contracts. The Initial and Additional Contracts have the following characteristics as of the Cut-off Date: (i) the Obligors on not more than 10% of the Initial and Additional Contracts by Cut-off Date Pool Principal Balance are located in any one state (except for the Initial and Additional Contract with Obligors located in North Carolina, which represent approximately 13.07% of the Initial and Additional Contracts by Cut-off Date Pool Principal Balance), the Obligors on not more than 5% of the Contracts by Cut-off Date Pool Principal Balance are located in an area with the same zip code and the Obligors on not more than 1% of the Contracts by Cut-off Date Pool Principal Balance are located in California in an area with the same zip code; (ii) no Initial or Additional Contract has a remaining maturity of fewer than 24 months or more than 360 months; (iii) the final scheduled payment date on the Initial or Additional Contract with the latest maturity is in April 2029; (iv) approximately 81% of the Initial and Additional Contracts by Cut-off Date Pool Principal Balance is attributable to loans for purchases of new Manufactured Homes and approximately 19% is attributable to loans for purchases of used Manufactured Homes; (v) no less than 44.62% of the Initial and Additional Contracts by Cut-off Date Pool Principal Balance is attributable to Land-and-Home Contracts; (vi) the Weighted Average Contract Rate of the Initial and Additional Contracts as of the Cut-off Date is at least 9.06% per annum; (vii) the weighted average (by Cut-off Date Pool Principal Balance) loan to value ratio of the Initial and Additional Contracts is not more than 86.80%; and (viii) no Initial or Additional Contract was originated before 1986.
Sample 1
Characteristics of Initial and Additional Contracts. The Initial and Additional Contracts have the following characteristics as of the Cut-off Date: (i) the Obligors on not more than 10% of the Initial and Additional Contracts by Cut-off Date Pool Principal Balance are located in any one state (except for Initial and Additional Contracts with Obligors located in North Carolina, which represent approximately 10.17% of the Initial and Additional Contracts by Cut-off Date Pool Principal Balance), the Obligors on not more than 5% of the Contracts by Cut-off Date Pool Principal Balance are located in an area with the same zip code and the Obligors on not more than 1% of the Contracts by Cut-off Date Pool Principal Balance are located in California in an area with the same zip code; (ii) no Initial or Additional Contract has a remaining maturity of fewer than six months or more than 360 months; (iii) the final scheduled payment date on the Initial or Additional Contract with the latest maturity is in December 2028; (iv) approximately 73% of the Initial and Additional Contracts by Cut-off Date Pool Principal Balance is attributable to loans for purchases of new Manufactured Homes and approximately 27% is attributable to loans for purchases of used Manufactured Homes;
Sample 1

Related to Characteristics of Initial and Additional Contracts

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  • Supplemental Contracts A. Supplemental duties shall be defined as those duties which are performed during time in excess of the work day, work week, work year, or in addition to the employee’s regular duties. Employees performing supplemental duties shall be issued written, individual, limited contracts that include:

  • Additional Conditions to Obligations of Seller The obligation of Seller to effect the Merger is subject to the satisfaction of each of the following conditions, any of which may be waived, in writing, exclusively by Seller:

  • Supplemental Conditions 1. All individuals involved, and all others who might possibly contribute to the acceptable adjustment of a grievance, are authorized and urged to testify with full assurance that no reprisal will follow by reason of such participation. 2. Upon the final determination of the grievance, the documents, communication and records, excepting a record of the grievance and the final adjustment thereof, and excepting records required by law to be kept and maintained, shall be destroyed. 3. At each step of the procedure, the grievant shall be entitled to be accompanied by legal counsel or any other parties the grievant may designate. 4. All grievance hearings shall be confidential. 5. All discussions and hearings shall be conducted at times other than when classes are in session during the school day. 6. It is the responsibility of the grievant to utilize the procedure for adjusting grievances as soon as he is aware of grievance. 7. Excluded from the grievance procedure shall be matters for which law mandates another method of review. 8. The filing of a formal grievance at all levels shall be in writing and shall be reasonably specific as to the nature of the complaint. The grievance should, to the extent possible, describe the alleged event or act giving rise to the grievance including the time, date, and place of the event or act and the names and addresses of any witnesses thereto. The grievant must file Grievance Report Form, Appendix "A". 9. Nothing in this grievance procedure shall be construed as prohibiting a grievant from seeking a judgment or ruling in a court of law. 10. The number of days indicated at each level should be considered as a maximum and every effort should be made to expedite the process. The time limits specified may, however, be extended by mutual agreement. 11. In the event a grievance is filed at such time that it cannot be processed through all the steps in this grievance procedure by the end of the school year and if left unresolved until the beginning of the following school year could result in irreparable harm to the grievant, the time limit set forth herein shall be reduced so that the grievance procedure may be exhausted prior to the end of the school year or within a maximum of thirty (30) days thereafter. 12. If the Board or any of its administrative staff do not present a written decision within the time allotted after the grievance hearing, such failure to act shall be an admission that the grievance was justified and the grievant shall receive the remedy he is seeking.

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  • Additional Conditions to Obligations of Buyer The obligation of Buyer to effect the Closing is subject to the satisfaction of each of the following conditions on or prior to the Closing Date, any of which may be waived in whole or in part in writing exclusively by Buyer:

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