Common use of Original Term Clause in Contracts

Original Term. (A) Review the contract and confirm the number of payments (including first and last payments) does not exceed the maximum allowable contract term of no more than 72 months. (B) Review the system screenprint and confirm that the remaining term of the contract is within the allowable limits of no less than 12 months. (C) Review the system screenprint and confirm that, as of the Cut-Off Date, the remaining term to maturity of the contract is no less than 3 months.

Appears in 8 contracts

Samples: Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

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Original Term. (A) A. Review the contract Contract and confirm the number Number of payments Payments (including first and last payments) does not exceed the maximum allowable contract term Contract Term of no more than 72 84 months. (B) B. Review the system screenprint System Screenprint and confirm that the remaining term of the contract Contract is within the allowable limits of no less than 12 months1 month. (C) Review the system screenprint and confirm that, as of the Cut-Off Date, the remaining term to maturity of the contract is no less than 3 months.

Appears in 4 contracts

Samples: Asset Representations Review Agreement (Usaa Acceptance LLC), Asset Representations Review Agreement (Usaa Acceptance LLC), Asset Representations Review Agreement (USAA Auto Owner Trust 2016-1)

Original Term. (A) A. Review the contract Contract and confirm the number Number of payments Payments (including first and last payments) does not exceed the maximum allowable contract term Contract Term or violate the minimum allowable Contract Term, excluding periods of no more than 72 monthsdeferral of first payment, as of the Cut-off Date. (B) B. Review the system screenprint Data File and confirm that the remaining term of the contract Contract is within the allowable limits of no more than 84 months and no less than 12 months. (C) Review the system screenprint and confirm that, 8 months as of the Cut-Off off Date, the remaining term to maturity of the contract is no less than 3 months.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Fifth Third Auto Trust 2023-1), Asset Representations Review Agreement (Fifth Third Auto Trust 2023-1)

Original Term. (A) A. Review the contract Contract and confirm the number Number of payments Payments (including first and last payments) does not exceed the maximum allowable contract term Contract Term or violate the minimum allowable Contract Term, excluding periods of no more than 72 monthsdeferral of first payment, as of the Cut-off Date. (B) B. Review the system screenprint Data File and confirm that the remaining term of the contract Contract is within the allowable limits of no more than 84 months and no less than 12 months. (C) Review the system screenprint and confirm that, 3 months as of the Cut-Off off Date, the remaining term to maturity of the contract is no less than 3 months.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Fifth Third Auto Trust 2019-1), Asset Representations Review Agreement (Fifth Third Auto Trust 2019-1)

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Original Term. (A) A. Review the contract Contract and confirm the number Number of payments Payments (including first and last payments) does not exceed the maximum allowable contract term Contract Term of no more than 72 84 months. (B) B. Review the system screenprint System Screenprint and confirm that the remaining term of the contract Contract is within the allowable limits of no less than 12 months. (C) Review the system screenprint and confirm that, as of the Cut-Off Date, the remaining term to maturity of the contract is no less than 3 months.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Usaa Acceptance LLC), Asset Representations Review Agreement (Usaa Acceptance LLC)

Original Term. (A) Review the contract and confirm the number of payments (including first and last payments) does not exceed the maximum allowable contract term of no more than 72 [ ] months. (B) Review the system screenprint and confirm that the remaining term of the contract is within the allowable limits of no less than 12 [ ] months. (C) Review the system screenprint and confirm that, as of the Cut-Off Date, the remaining term to maturity of the contract is no less than 3 [ ] months.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

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