Common use of Characteristics Clause in Contracts

Characteristics. At the Cut-Off Date such Contract had (i) an Outstanding Principal Balance of not less than $________ nor more than $_________, (ii) an original term not less than __ months nor greater than __ months, (iii) a remaining maturity of not less than __ months nor greater than __ months, (iv) a Contract Rate at least equal to the Pass-Through Rate plus the sum of the Servicing Fee Percent and the Retained Yield Percent and (v) an APR of not less than ____%.

Characteristics. At the Cut-Off Date such Contract had (i) an Outstanding Principal Balance of not less than $________ 1,000.00 nor more than $__________, (ii) an original term not less than __ months nor greater than __ months, (iii) a remaining maturity of not less than __ months nor greater than __ months, (iv) a Contract Rate at least equal to the Pass-Through Rate plus the sum of the Servicing Fee Percent and the Retained Yield Percent and (v) an APR of not less than ____%.

Characteristics. At the Cut-Off Date such Contract had (i) an Outstanding Principal Balance of not less than $__________ nor more than $__________, (ii) an original term not less than __ 12 months nor greater than __ 84 months, (iii) a remaining maturity of not less than ___ months nor greater than ___ months, and (iv) a Contract Rate at least equal to the Pass-Through Rate plus the sum of the Servicing Fee Percent and the Retained Yield Percent and (v) an APR of not less than ____%.

Characteristics. At the Cut-Off Date such Contract had (i) an Outstanding Principal Balance of not less than $__________ nor more than $__________, (ii) an original term not less than __ 6 months nor greater than __ 84 months, (iii) a remaining maturity of not less than _____ months nor greater than _____ months, (iv) a Contract Rate at least equal to the Pass-Through Rate plus the sum of the Servicing Fee Percent and the Retained Yield Percent and (v) an APR of not less than _____%.

Characteristics. At the Cut-Off Date such Contract had (i) an Outstanding Principal Balance of not less than $________ nor more than $_________, (ii) an original term not less than __ months nor greater than __ months, (iii) a remaining maturity of not less than __ months nor greater than __ months, (iv) a Contract Rate at least equal to the Pass-Through Rate plus the sum of the Servicing Fee Percent and the Retained Yield Percent and (v) an APR of not less than _____%.

Characteristics. At the Cut-Off Date such Contract had (i) an Outstanding Principal Balance of not less than $__________ nor more than $__________, (ii) an original term not less than _____ months nor greater than _____ months, (iii) a remaining maturity of not less than _____ months nor greater than _____ months, (iv) a Contract Rate at least equal to the Pass-Through Rate plus the sum of the Servicing Fee Percent and the Retained Yield Percent and (v) an APR of not less than _____%.

Characteristics. At the Cut-Off Date such Contract had (i) an Outstanding Principal Balance of not less than $________ nor more than $_________, (ii) an original term not less than __ months nor greater than __ months, (iii) a remaining maturity of not less than __ months nor greater than __ months, (iv) a Contract Rate at least equal to the Pass-Through Rate plus the sum of the Servicing Fee Percent and the Retained Yield Percent and (v) an APR of not less than _____%.

Characteristics. At the Cut-Off Date such Contract had (i) an Outstanding Principal Balance of not less than $_________ nor more than $__________, (ii) an original term not less than ___ months nor greater than ___ months, (iii) a remaining maturity of not less than ___ months nor greater than ___ months, (iv) a Contract Rate at least equal to the Pass-Through Rate plus the sum of the Servicing Fee Percent and the Retained Yield Percent and (v) an APR of not less than _______%.

Characteristics. At the Cut-Off Date such Contract had (i) an Outstanding Principal Balance of not less than $________ 1,000.00 nor more than $__________, (ii) an original term not less than __ 6 months nor greater than ___ months, (iii) a remaining maturity of not less than __ 6 months nor greater than ___ months, (iv) a Contract Rate at least equal to the Pass-Through Rate plus the sum of the Servicing Fee Percent and the Retained Yield Percent and (v) an APR of not less than _____%.

Characteristics. At the Cut-Off Date such Contract had (i) an Outstanding Principal Balance of not less than $_________ nor more than $_________, (ii) an original term not less than __ 6 months nor greater than ___ months, (iii) a remaining maturity of not less than __ 6 months nor greater than ___ months, (iv) a Contract Rate at least equal to the Pass-Through Rate plus the sum of the Servicing Fee Percent and the Retained Yield Percent and (v) an APR of not less than _____%.