Interest Method. Each Receivable shall provide for accrual of interest according to the simple interest method or shall be a Precomputed Receivable and shall provide for monthly payments of principal and interest that fully amortize the Amount Financed by maturity and for a finance charge or yield interest at its Note Rate. The Principal Balance of Precomputed Receivables (on an actuarial basis) as of the Cutoff Date represents _____% of the Original Pool Balance. FORM OF PURCHASE AGREEMENT
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Samples: Purchase Agreement (Bay View Transaction Corp), Purchase Agreement (Bay View Deposit CORP)
Interest Method. Each Receivable shall provide for accrual of interest according to the simple interest method or shall be a Precomputed Receivable and shall provide for monthly payments of principal and interest that fully amortize the Amount Financed by maturity and for a finance charge or yield interest at its Note Rate. The Principal Balance of Precomputed Receivables (on an actuarial basis) as of the Cutoff Date represents _____% of the Original Pool Balance. FORM OF PURCHASE AGREEMENT.
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Interest Method. Each Receivable shall provide for accrual of interest according to the simple interest method or shall be a Precomputed Receivable and shall provide for monthly payments of principal and interest that fully amortize the Amount Financed by maturity and for a finance charge or yield interest at its Note Rate. The Principal Balance of Precomputed Receivables (on an actuarial basis) as of the Cutoff Date represents _approximately ____% of the Original Pool Balance. FORM OF PURCHASE AGREEMENT.
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