Common use of Fixed and Fully Amortizing Payments Clause in Contracts

Fixed and Fully Amortizing Payments. i) Confirm that the Contract requires a fixed payment amount that is due at identified intervals ii) Confirm that the number and amount of payments fully amortize the Amount Financed by maturity and pay finance charges at the Annual Percentage Rate iii) For any Contract with the heading Note and Security Agreement, skip procedure F) ii) and instead confirm that the total of all payments is accurate based on the Amount Financed and the stated interest rate(s).

Fixed and Fully Amortizing Payments. i) Confirm that the Contract requires fixed payment amounts Confirm that the payment on the Contract is based on a fixed payment amount that is due at identified intervalsor variable interest calculation ii) Confirm in a periodic risk based audit completed by [Xxxx Deere Financial] that that the Contract allows for prepayments without premium or penalty at any time iii) Confirm in a periodic risk based audit completed by [Xxxx Deere Financial] that that the number and amount of payments fully amortize the Amount Financed by maturity and pay finance charges at the Annual Percentage Rate iii) For any Contract with the heading Note and Security Agreement, skip procedure F) ii) and instead confirm that the total of all payments is accurate based on the Amount Financed and the stated interest rate(s).