Common use of Prepaid Receivables Clause in Contracts

Prepaid Receivables. No Receivable shall have been pre-paid by more than six monthly payments as of the related Cutoff Date.

Appears in 4 contracts

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

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Prepaid Receivables. No Receivable (other than a Deferred Payment Receivable) shall have been pre-paid by more than six monthly payments as of the related Cutoff Date.

Appears in 1 contract

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

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Prepaid Receivables. No Receivable (other than a Deferred Payment Receivable) shall have been pre-paid by more than six monthly payments as of the related Cutoff Date; .

Appears in 1 contract

Samples: Purchase Agreement (Mmca Auto Receivables Trust)

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