Common use of Prepaid Contract Clause in Contracts

Prepaid Contract. The Servicer may not permit a Contract in the Asset Pool to become a Prepaid Contract (which shall not include a Contract that becomes a Prepaid Contract due to a Casualty Loss), unless (x) the Servicer provides an Additional Contract or (y) such prepayment will not result in the Collection Account receiving an amount (the "Prepayment Amount") less than the sum of (A) the Discounted Contract Balance on the date of such prepayment calculated using the applicable Blended Discount Rate in effect on the date of such payment and (B) any outstanding Servicer Advances thereon. After a Payout Event has occurred, the Servicer may not permit a Contract in the Asset Pool to become a Prepaid Contract (which shall not include a Contract that becomes a Prepaid Contract due to a Casualty Loss), unless the Servicer collects an amount equal to the sum of the Discounted Contract Balance plus accrued and unpaid interest and any outstanding Servicer Advances thereon plus any swap breakage costs associated with the prepayment.

Prepaid Contract. The Servicer may not permit a Contract in the ---------------- Asset Pool to become a Prepaid Contract (which shall not include a Contract that becomes a Prepaid Contract due to a Casualty Loss), unless (x) the Servicer ------ provides an Additional Contract or (y) such prepayment will not result in the Collection Account receiving an amount (the "Prepayment Amount") less than the sum of (A) the Discounted Contract Balance on the date of such prepayment calculated using the applicable Blended Discount Rate in effect on the date of such payment and (B) any outstanding Servicer Advances thereon. After a Payout Event has occurred, the Servicer may not permit a Contract in the Asset Pool to become a Prepaid Contract (which shall not include a Contract that becomes a an Prepaid Contract due to a Casualty Loss), unless the Servicer collects an amount equal ------ to the sum of the Discounted Contract Balance plus accrued and unpaid interest and any outstanding Servicer Advances thereon plus any swap breakage costs associated with the prepayment.