Common use of Payments Due Clause in Contracts

Payments Due. The weighted average of the number of Contract Scheduled Payments that have been due under the Contracts since origination is at least 1.

Appears in 6 contracts

Samples: Contribution Agreement (Santander Drive Auto Receivables Trust 2007-3), Contribution Agreement (Santander Drive Auto Receivables Trust 2007-2), Contribution Agreement (Santander Drive Auto Receivables Trust 2007-1)

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Payments Due. The weighted average of the number of Contract Scheduled Payments that have been due under the Contracts since origination is at least 1[ ].

Appears in 5 contracts

Samples: Contribution Agreement (Santander Drive Auto Receivables LLC), Contribution Agreement (Drive Auto Receivables LLC), Sale and Servicing Agreement (Drive Auto Receivables LLC)

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