Individual Characteristics. Each Receivable has the following individual characteristics as of the Cut-Off Date:
Individual Characteristics. The Receivables have the following individual characteristics as of the Cutoff Date; (i) each Receivable is secured by either a Motor Vehicle; (ii) each Receivable has a Contract Rate of at least ____% and not more than ____%; (iii) each Receivable had a remaining number of scheduled payments, as of the Cutoff Date, of not less than ____ and not more than ____; (iv) each Receivable had an Initial Principal Balance of not less than $__________ and not more than $__________; (v) no Receivable was more than 30 days past due as of the Cutoff Date; (vi) no Financed Vehicle had been repossessed as of the Cutoff Date; (vii) no Receivable is subject to a force placed Physical Damage Insurance Policy on the related Financed Vehicle; [(viii) each Receivable is a Simple Interest Receivable;] and (ix) the Dealer of the Financed Vehicle has no participation in, or other right to receive, any proceeds of the Receivable. The Receivables were selected using selection procedures that were not intended by Seller to be adverse to the Purchaser.
Individual Characteristics. Each Receivable has the following individual characteristics as of the Cutoff Date: (a) is not listed on the Servicer’s records as the subject of a pending bankruptcy proceeding; (b) had an original maturity of not greater than 72 payments; (c) provides for the payment of a finance charge or shall yield interest calculated on the basis of a Contract Rate of at least 0.50%; (d) has a Scheduled Payment that is not more than thirty (30) days past due; (e) the Financed Vehicle to which the Receivable relates is a new or used Honda or Acura automobile or light-duty truck; and Review Materials: (a) Installment sales contract (b) Servicer’s Records/Data file (c) Receivable Files Tests: (a) Bankruptcy i. Review the Servicer’s records and confirm that the Obligor was not the subject of a bankruptcy proceeding as of the Cutoff Date. (b) Original Maturity i. Confirm that the number of payments as stated within the contract does not exceed 72 payments. (c) Contract Rate i. Confirm that the Contract Rate stated within the contract is greater than or equal to 0.50% as of the Cutoff Date.
Individual Characteristics. Each Receivable has the following individual characteristics as of the Cutoff Date: (a) is not listed on the Servicer’s records as the subject of a pending bankruptcy proceeding; (b) had an original maturity of not greater than 72 payments; (c) provides for the payment of a finance charge or shall yield interest calculated on the basis of a Contract Rate of at least 0.50%; (d) has a Scheduled Payment that is not more than thirty (30) days past due; (e) the Financed Vehicle to which the Receivable relates is a new or used Honda or Acura automobile or light-duty truck; and (f) the Obligor under each Receivable had a billing address in the United States or its territories or possessions, according to the records of the Servicer. Review Materials: (a) Installment sales contract (b) Servicer’s Records/Data file (c) Receivable Files Tests: (a) Bankruptcy i. Review the Servicer’s records and confirm that the Obligor was not the subject of a bankruptcy proceeding as of the Cutoff Date. (b) Original Maturity i. Confirm that the number of payments as stated within the contract does not exceed 72 payments. (c) Contract Rate i. Confirm that the Contract Rate stated within the contract is greater than or equal to 0.50% as of the Cutoff Date. (d) Past Due i. Review the Servicer’s records and confirm that the Receivable was not more than thirty (30) days past due as of the Cutoff Date. (e) New or Used Honda or Acura i. Confirm the Financed Vehicle is a new or used automobile or light-duty truck as stated within the New/Used section of the contract. (f) Billing Address i. Confirm the Receivable Files indicate that the Obligor’s address is located within the United States or its territories or possessions as of the Cutoff Date. (g) If (a) through (f) are confirmed, then Test Pass.
Individual Characteristics. Each Receivable has the following individual characteristics as of the Cutoff Date: (a) each Receivable had an original maturity of not less than 24 months or more than 75 months, 1. Review the Receivable, as amended by documents in the Receivable File and notations in the records in Seller’s receivable system, had an original maturity date within the allowable limits as of the Cutoff Date.
Individual Characteristics. Each Receivable has the following individual characteristics as of the Cutoff Date: (a) each Receivable had an original number of scheduled payments of not less than 24 or more than 75, 1. Review the Receivable, as amended by documents in the Receivable File and notations in the records in Seller’s receivable system, had an original number of scheduled payments within the allowable limits as of the Cutoff Date.
Individual Characteristics. As of the Cut-Off Date (or such other date as may be specifically set forth below), each Receivable has the following individual characteristics: (i) the Receivable is secured by a new or used automobile, light duty truck, van or other motor vehicle; (ii) the Receivable had an original term to maturity of not more than 84 months and not less than 24 months and the Receivable has a remaining term to maturity of not less than 3 months; (iii) the Receivable has a scheduled maturity date on or before April 24, 2026; (iv) the Receivable was not more than 30 days past due; (v) the Receivable was not noted in the records of the Servicer as being the subject of any pending bankruptcy or insolvency Proceeding; and (vi) the Receivable is a Simple Interest Receivable.
Individual Characteristics. The Receivables have the following individual characteristics as of the Cutoff Date; (i) each Receivable has an APR of not less than 16.00% and not more than 30.00%, (ii) each Receivable had an original term to maturity of not more than 60 months and each Receivable has a remaining term to maturity, as of the Cutoff Date, of not less than a month; (iii) each Receivable has a Cutoff Date Principal Balance of not less than $500.00 and no more than $30,000, (iv) no Receivable has a scheduled maturity date later than 2009; (v) each Receivable was originated after September 1, 1999; and (vi) the Dealer of the Financed Vehicle has no participation in, or other right to receive, any proceeds of the Receivable.
Individual Characteristics. The Receivables have the following individual characteristics as of the close of business of the Servicer on the Cutoff Date: (a) the obligations of the Obligors on the Receivables are secured by security interests in new or used automobiles or light-duty trucks; (b) each Receivable has a Contract Rate of at least 6% and not more than 14%; (c) each Receivable had a remaining maturity, as of the Cutoff Date, of not less than six months and not more than 60 months; (d) each Receivable had a remaining Principal Balance of not less than $100 and not more than $77,000 as of the Cutoff Date; (e) no Receivable was more than 30 days delinquent as of the Cutoff Date; (f) no Financed Vehicle had been repossessed as of the Cutoff Date; (g) each Receivable is a motor vehicle retail installment sale contract or motor vehicle retail installment loan; (h) each Receivable provides for allocation of payments between principal and interest by the Simple Interest Method; (i) the Dealers of the Financed Vehicles, if any, have no participation in, or other right to receive, any proceeds of the Receivable; and (j) each Receivable was originated on or after December 15, 1990. The Receivables were selected utilizing selection procedures that were not adverse to the Certificateholders.
Individual Characteristics. The Receivables have the following individual characteristics as of the Cutoff Date; (i) each Receivable is secured by a Motor Vehicle; (ii) each Receivable has a Contract Rate of at least 6.00% and not SALE AND SERVICING AGREEMENT more than 29.90%; (iii) each Receivable had a remaining term, as of the Cutoff Date, of not less than three months and not more than 72 months; (iv) each Receivable had an Initial Principal Balance of not less than $776.59 and not more than $57,550.98; (v) no Receivable was more than 30 days past due as of the Cutoff Date; (vi) no Financed Vehicle had been repossessed as of the Cutoff Date; (vii) no Receivable is subject to a force placed Physical Damage Insurance Policy on the related Financed Vehicle; and (viii) the Dealer of the Financed Vehicle has no participation in, or other right to receive, any proceeds of the Receivable. The Receivables were selected using selection procedures that were not intended by any Seller Affiliate or Seller to be adverse to the Holders.
