Last Scheduled Payments. The aggregate principal balance of the Last Scheduled Payments of Balloon Payment Receivables and Final Payment Receivables that are Initial Receivables, as a percentage of the Initial Pool Balance as of the Initial Cutoff Date, shall be not greater than [ ]%. The aggregate principal balance of the Last Scheduled Payments of Balloon Payment Receivables and Final Payment Receivables that are Subsequent Receivables sold to the Purchaser on a Subsequent Transfer Date, as of the related Subsequent Cutoff Date, as a percentage of the aggregate principal balance of all of such Subsequent Receivables as of such related Subsequent Cutoff Date, shall be not greater than [ ]%.
Appears in 5 contracts
Samples: Sale and Servicing Agreement (Mmca Auto Owner Trust 2002-4), Sale and Servicing Agreement (Mmca Auto Receivables Trust), Sale and Servicing Agreement (Mmca Auto Receivables Trust)
Last Scheduled Payments. The aggregate principal balance of the Last Scheduled Payments of Balloon Payment Receivables and Final Payment Receivables that are Initial Receivables, as a percentage of the Initial Pool Balance as of the Initial Cutoff Date, shall be not greater than [ ]8.74%. The aggregate principal balance of the Last Scheduled Payments of Balloon Payment Receivables and Final Payment Receivables that are Subsequent Receivables sold to the Purchaser on a Subsequent Transfer Date, as of the related Subsequent Cutoff Date, as a percentage of the aggregate principal balance of all of such Subsequent Receivables as of such related Subsequent Cutoff Date, shall be not greater than [ ]8.74%.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Mmca Auto Owner Trust 2002-1), Purchase Agreement (Mmca Auto Owner Trust 2002-1), Sale and Servicing Agreement (Mmca Auto Receivables Trust)
Last Scheduled Payments. The aggregate principal balance of the Last Scheduled Payments of Balloon Payment Receivables and Final Payment Receivables that are Initial Receivables, as a percentage of the Initial Pool Balance as of the Initial Cutoff Date, shall be not greater than [ ]7.15%. The aggregate principal balance of the Last Scheduled Payments of Balloon Payment Receivables and Final Payment Receivables that are Subsequent Receivables sold to the Purchaser on a Subsequent Transfer Date, as of the related Subsequent Cutoff Date, as a percentage of the aggregate principal balance of all of such Subsequent Receivables as of such related Subsequent Cutoff Date, shall be not greater than [ ]7.15%.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Mmca Auto Receivables Trust Ii)
