Common use of Initial Receivables Clause in Contracts

Initial Receivables. In addition to the characteristics set forth in Section 4.01(a)(i) above, each Initial Receivable (1) has a first scheduled payment due date on or after June 9, 2007, (2) was originated on or after May 3, 2007, (3) as of the Initial Cutoff Date, was not considered past due (that is, no payments due on that Initial Receivable in excess of $25 were more than thirty (30) days delinquent), and was not a Liquidating Receivable, and (4) has an Annual Percentage Rate not greater than 24.00%.

Initial Receivables. In addition to the characteristics set forth in Section 4.01(a)(i) above, each Initial Receivable (1) has a first scheduled payment due date on or after June 920, 20072009, (2) was originated on or after May 318, 20072009, (3) as of the Initial Cutoff Date, was not considered past due (that is, no payments due on that Initial Receivable in excess of $25 were more than thirty (30) days delinquent), and was not a Liquidating Receivable, and (4) has an Annual Percentage Rate not greater than 24.0026.00%.

Initial Receivables. In addition to the characteristics set forth in Section 4.01(a)(i) above, each Initial Receivable (1) has a first scheduled payment due date on or after June October 9, 20072006, (2) was originated on or after May 3September 1, 20072006, (3) as of the Initial Cutoff Date, was not considered past due (that is, no payments due on that Initial Receivable in excess of $25 were more than thirty (30) days delinquent), and was not a Liquidating Receivable, and (4) has an Annual Percentage Rate not greater than 24.0026.00%.

Initial Receivables. In addition to the characteristics set forth in Section 4.01(a)(i) above, each Initial Receivable (1) has a first scheduled payment due date on or after June 9April 17, 20072009, (2) was originated on or after May 3March 11, 20072009, (3) as of the Initial Cutoff Date, was not considered past due (that is, no payments due on that Initial Receivable in excess of $25 were more than thirty (30) days delinquent), and was not a Liquidating Receivable, and (4) has an Annual Percentage Rate not greater than 24.0026.00%.

Initial Receivables. In addition to the characteristics set forth in Section 4.01(a)(i) above, each Initial Receivable (1) has a first scheduled payment due date on or after June 9March 25, 2007, (2) was originated on or after May 3February 14, 2007, (3) as of the Initial Cutoff Date, was not considered past due (that is, no payments due on that Initial Receivable in excess of $25 were more than thirty (30) days delinquent), and was not a Liquidating Receivable, and (4) has an Annual Percentage Rate not greater than 24.0026.00%.

Initial Receivables. In addition to the characteristics set forth in Section 4.01(a)(i) above, each Initial Receivable (1) has a first scheduled payment due date on or after June 9July 16, 20072009, (2) was originated on or after May 3June 4, 20072009, (3) as of the Initial Cutoff Date, was not considered past due (that is, no payments due on that Initial Receivable in excess of $25 were more than thirty (30) days delinquent), and was not a Liquidating Receivable, and (4) has an Annual Percentage Rate not greater than 24.0026.00%.

Initial Receivables. In addition to the characteristics set forth in Section 4.01(a)(i) above, each Initial Receivable (1) has a first scheduled payment due date on or after June 9May 5, 2007, (2) was originated on or after May 3March 26, 2007, (3) as of the Initial Cutoff Date, was not considered past due (that is, no payments due on that Initial Receivable in excess of $25 were more than thirty (30) days delinquent), and was not a Liquidating Receivable, and (4) has an Annual Percentage Rate not greater than 24.0026.00%.

Initial Receivables. In addition to the characteristics set forth in Section 4.01(a)(i) above, each Initial Receivable (1) has a first scheduled payment due date on or after June 9August 3, 20072008, (2) was originated on or after May 3June 30, 20072008, (3) as of the Initial Cutoff Date, was not considered past due (that is, no payments due on that Initial Receivable in excess of $25 were more than thirty (30) days delinquent), and was not a Liquidating Receivable, and (4) has an Annual Percentage Rate not greater than 24.0025.00%.

Initial Receivables. In addition to the characteristics set forth in Section 4.01(a)(i) above, each Initial Receivable (1) has a first scheduled payment due date on or after June 9September 29, 2007, (2) was originated on or after May 3August 22, 2007, (3) as of the Initial Cutoff Date, was not considered past due (that is, no payments due on that Initial Receivable in excess of $25 were more than thirty (30) days delinquent), and was not a Liquidating Receivable, and (4) has an Annual Percentage Rate not greater than 24.0025.00%.

Initial Receivables. In addition to the characteristics set forth in Section 4.01(a)(i) above, each Initial Receivable (1) has a first scheduled payment due date on or after June 9July 21, 2007, (2) was originated on or after May 3June 14, 2007, (3) as of the Initial Cutoff Date, was not considered past due (that is, no payments due on that Initial Receivable in excess of $25 were more than thirty (30) days delinquent), and was not a Liquidating Receivable, and (4) has an Annual Percentage Rate not greater than 24.0026.00%.

Initial Receivables. In addition to the characteristics set forth in Section 4.01(a)(i) above, each Initial Receivable (1) has a first scheduled payment due date on or after June 9August 23, 20072008, (2) was originated on or after May 3July 28, 20072008, (3) as of the Initial Cutoff Date, was not considered past due (that is, no payments due on that Initial Receivable in excess of $25 were more than thirty (30) days delinquent), and was not a Liquidating Receivable, and (4) has an Annual Percentage Rate not greater than 24.0026.00%.