Common use of Maturity of Receivables Clause in Contracts

Maturity of Receivables. Each Receivable has an original maturity of not greater than 72 months; provided that the first month of the Receivable may consist of up to 45 days as a result of the monthly due date selected by the Obligor in accordance with the Credit and Collection Policy.

Appears in 31 contracts

Samples: Purchase Agreement (Ford Credit Auto Owner Trust 2014-A), Purchase Agreement (Ford Credit Auto Owner Trust 2014-A), Purchase Agreement (Ford Credit Auto Owner Trust 2013-D)

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Maturity of Receivables. Each Receivable has an original maturity of not greater than 72 months; provided that the first month of the Receivable may consist of include up to 45 days as a result of the monthly due date selected by the Obligor in accordance with the Credit and Collection Policy.

Appears in 8 contracts

Samples: Purchase Agreement (Ford Credit Auto Owner Trust 2015-B), Purchase Agreement (Ford Credit Auto Owner Trust 2015-B), Purchase Agreement (Ford Credit Auto Owner Trust 2015-A)

Maturity of Receivables. Each Receivable has an original maturity of not greater than 72 months; , provided that the first month of the Receivable may consist of up to 45 days as a result of the monthly due date selected by the Obligor in accordance with the Credit Ford Credit's policies and Collection Policyprocedures.

Appears in 7 contracts

Samples: Purchase Agreement (Ford Credit Auto Owner Trust 2006-A), Purchase Agreement (Ford Credit Auto Owner Trust 2006-C), Purchase Agreement (Ford Credit Auto Owner Trust 2006-B)

Maturity of Receivables. Each Receivable has shall have an original term to stated maturity of at least 12 months and not greater more than 72 months; provided that the first month of the Receivable may consist of up to 45 days as a result of the monthly due date selected by the Obligor in accordance with the Credit and Collection Policy.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Chevy Chase Bank FSB), Sale and Servicing Agreement (Chevy Chase Bank FSB), Sale and Servicing Agreement (Chevy Chase Bank FSB)

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Maturity of Receivables. Each Receivable has an original maturity of not greater than 72 months; , provided that the first month of the Receivable may consist of up to 45 days as a result of the monthly due date selected by the Obligor in accordance with the Credit and Creditand Collection Policy.

Appears in 1 contract

Samples: Purchase Agreement (Ford Credit Auto Owner Trust 2008-A)

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