Common use of Interest Accruing Clause in Contracts

Interest Accruing. Each interest-bearing Receivable is, as of the Cut-off Date, accruing interest. Data tape i) Review the data tape and confirm it reports the Receivable is active and has a positive principal balance and an annual percentage rate greater than or equal to zero. ii) If (i) is confirmed, then Test Pass.

Appears in 30 contracts

Samples: Asset Representations Review Agreement (Deere John Capital Corp), Asset Representations Review Agreement (John Deere Receivables LLC), Asset Representations Review Agreement (Deere John Capital Corp)

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Interest Accruing. Each interest-bearing Receivable is, as of the Cut-off Date, accruing interest. Data tapetape ​ i) Review the data tape and confirm it reports the Receivable is active and has a positive principal balance and an annual percentage rate greater than or equal to zero. ii) If (i) is confirmed, then Test Pass.. ​ ​ ​ ​

Appears in 8 contracts

Samples: Asset Representations Review Agreement (John Deere Owner Trust 2024-C), Asset Representations Review Agreement (John Deere Owner Trust 2024-B), Asset Representations Review Agreement (John Deere Owner Trust 2024-B)

Interest Accruing. Each interest-bearing Receivable is, as of the Cut-off Date, accruing interest. [Data tape] i) Review the data tape and confirm it reports the Receivable is active and has a positive principal balance and an annual percentage rate greater than or equal to zero. ii) If (i) is confirmed, then Test Pass.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (John Deere Receivables, Inc.), Asset Representations Review Agreement (John Deere Receivables LLC)

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Interest Accruing. Each interest-bearing Receivable is, as of the Cut-off Date, accruing interest. Data tapetape ​ i) Review the data tape and confirm it reports the Receivable is active and has a positive principal balance and an annual percentage rate greater than or equal to zero. ii) If (i) is confirmed, then Test Pass.. ​ ​ ​ ​ ​

Appears in 1 contract

Samples: Asset Representations Review Agreement (John Deere Owner Trust 2023-B)

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