Common use of Last Scheduled Payments Clause in Contracts

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 19.19

Appears in 2 contracts

Samples: Purchase Agreement (Mmca Auto Receivables Trust), Sale and Servicing Agreement (Mmca Auto Receivables Trust)

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Last Scheduled Payments. The aggregate principal balance 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 aggregate Principal Balance of the Receivables as of the Initial Cutoff Date, shall be not greater than 19.191.29%.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Mmca Auto Owner Trust 2002-5)

Last Scheduled Payments. The aggregate principal balance 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 aggregate Principal Balance of the Receivables as of the Initial Cutoff Date, shall be not greater than 19.19[ ]%.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Mmca Auto Owner Trust 2002-5)

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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 19.192.20

Appears in 1 contract

Samples: Sale and Servicing Agreement (Mmca Auto Owner Trust 2002-4)

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