Common use of Characteristics Clause in Contracts

Characteristics. The Contracts have the following characteristics: (i) all the Contracts are secured by Motorcycles; (ii) no Contract has a remaining maturity of more than 84 months; and (iii) the final scheduled payment on the Contract with the latest maturity is due no later than January 19, 2022. Approximately 66.96% of the Pool Balance as of the Cutoff Date is attributable to loans for purchases of new Motorcycles and approximately 33.04% is attributable to loans for purchases of used Motorcycles. No Contract was originated after the Cutoff Date. No Contract has a Contract Rate less than 1.00%. Approximately 99.77% of the Pool Balance as of the Cutoff Date is attributable to loans for purchases of Motorcycles manufactured by Harley-Davidson Motor Company, and approximately 0.23% of the Pool Balance as of the Cutoff Date is attributable to loans to purchase Motorcycles not manufactured by Harley-Davidson Motor Company.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2015-1), Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2015-1), Transfer and Sale Agreement (Harley-Davidson Motorcycle Trust 2015-1)

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Characteristics. The Contracts have the following characteristics: (i) all the Contracts are secured by Motorcycles; (ii) no Contract has a remaining maturity of more than 84 months; and (iii) the final scheduled payment on the Contract with the latest maturity is due no later than January 19May 29, 20222020. Approximately 66.9662.90% of the Pool Balance as of the Cutoff Date is attributable to loans for purchases of new Motorcycles and approximately 33.0437.10% is attributable to loans for purchases of used Motorcycles. No Contract was originated after the Cutoff Date. No Contract has a Contract Rate less than 1.00%. Approximately 99.7799.57% of the Pool Balance as of the Cutoff Date is attributable to loans for purchases of Motorcycles manufactured by Harley-Davidson Motor Company, and approximately 0.230.43% of the Pool Balance as of the Cutoff Date is attributable to loans to purchase Motorcycles not manufactured by Harley-Davidson Motor Company.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2013-1), Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2013-1), Transfer and Sale Agreement (Harley-Davidson Motorcycle Trust 2013-1)

Characteristics. The Contracts have the following characteristics: (i) all the Contracts are secured by Motorcycles; (ii) no Contract has a remaining maturity of more than 84 months; and (iii) the final scheduled payment on the Contract with the latest maturity is due no later than January 19, 2022[ ]. Approximately 66.96[ ]% of the Pool Balance as of the Cutoff Date is attributable to loans for purchases of new Motorcycles and approximately 33.04[ ]% is attributable to loans for purchases of used Motorcycles. No Contract was originated after the Cutoff Date. No Contract has a Contract Rate less than 1.00%. Approximately 99.77[ ]% of the Pool Balance as of the Cutoff Date is attributable to loans for purchases of Motorcycles manufactured by Harley-Davidson Motor Company, and approximately 0.23[ ]% of the Pool Balance as of the Cutoff Date is attributable to loans to purchase Motorcycles not manufactured by Harley-Davidson Motor Company.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Harley-Davidson Customer Funding Corp.), Sale and Servicing Agreement (Harley-Davidson Customer Funding Corp.), Sale and Servicing Agreement (Harley-Davidson Customer Funding Corp.)

Characteristics. The Contracts have the following characteristics: (i) all the Contracts are secured by Motorcycles; (ii) no Contract has a remaining maturity of more than 84 months; and (iii) the final scheduled payment on the Contract with the latest maturity is due no later than January 19March 10, 20222021. Approximately 66.9666.48% of the Pool Balance as of the Cutoff Date is attributable to loans for purchases of new Motorcycles and approximately 33.0433.52% is attributable to loans for purchases of used Motorcycles. No Contract was originated after the Cutoff Date. No Contract has a Contract Rate less than 1.001.750%. Approximately 99.7799.71% of the Pool Balance as of the Cutoff Date is attributable to loans for purchases of Motorcycles manufactured by Harley-Davidson Motor Company, and approximately 0.230.29% of the Pool Balance as of the Cutoff Date is attributable to loans to purchase Motorcycles not manufactured by Harley-Davidson Motor Company.

Appears in 2 contracts

Samples: Transfer and Sale Agreement (Harley-Davidson Motorcycle Trust 2014-1), Transfer and Sale Agreement (Harley-Davidson Motorcycle Trust 2014-1)

Characteristics. The Contracts have the following characteristics: (i) all the Contracts are secured by Motorcycles; (ii) no Contract has a remaining maturity of more than 84 months; and (iii) the final scheduled payment on the Contract with the latest maturity is due no later than January 19March 10, 20222021. Approximately 66.9666.48% of the Pool Balance as of the Cutoff Date is attributable to loans for purchases of new Motorcycles and approximately 33.0433.52% is attributable to loans for purchases of used Motorcycles. No Contract was originated after the Cutoff Date. No Contract has a Contract Rate less than 1.00%. Approximately 99.7799.71% of the Pool Balance as of the Cutoff Date is attributable to loans for purchases of Motorcycles manufactured by Harley-Davidson Motor Company, and approximately 0.230.29% of the Pool Balance as of the Cutoff Date is attributable to loans to purchase Motorcycles not manufactured by Harley-Davidson Motor Company.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2014-1), Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2014-1)

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Characteristics. The Contracts have the following characteristics: (i) all the Contracts are secured by Motorcycles; (ii) no Contract has a remaining maturity of more than 84 months; and (iii) the final scheduled payment on the Contract with the latest maturity is due no later than January 19May 24, 2022. Approximately 66.9665.47% of the Pool Balance as of the Cutoff Date is attributable to loans for purchases of new Motorcycles and approximately 33.0434.53% is attributable to loans for purchases of used Motorcycles. No Contract was originated after the Cutoff Date. No Contract has a Contract Rate less than 1.00%. Approximately 99.7799.76% of the Pool Balance as of the Cutoff Date is attributable to loans for purchases of Motorcycles manufactured by Harley-Davidson Motor Company, and approximately 0.230.24% of the Pool Balance as of the Cutoff Date is attributable to loans to purchase Motorcycles not manufactured by Harley-Davidson Motor Company.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2015-2), Transfer and Sale Agreement (Harley-Davidson Motorcycle Trust 2015-2)

Characteristics. The Contracts have the following characteristics: (i) all the Contracts are secured by Motorcycles; (ii) no Contract has a remaining maturity of more than 84 months; and (iii) the final scheduled payment on the Contract with the latest maturity is due no later than January 19June 13, 20222019. Approximately 66.9661.34% of the Pool Balance as of the Cutoff Date is attributable to loans for purchases of new Motorcycles and approximately 33.0438.66% is attributable to loans for purchases of used Motorcycles. No Contract was originated after the Cutoff Date. No Contract has a Contract Rate less than 1.00%. Approximately 99.7799.40% of the Pool Balance of the Contracts as of the Cutoff Date is attributable to loans for purchases of Motorcycles manufactured by Harley-Davidson Motor Company, and approximately 0.230.60% of the Pool Balance as of the Cutoff Date is attributable to loans to purchase Motorcycles not manufactured by Harley-Davidson Motor Company.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2012-1), Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2012-1)

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