Common use of Prepayment of Contracts Clause in Contracts

Prepayment of Contracts. Any prepayment in full of a Contract by an Obligor to the Master Servicer will consist of the entire outstanding principal balance of such Contract together with all accrued and unpaid interest thereon.

Appears in 10 contracts

Samples: Sale and Servicing Agreement (WFS Financial 2005-2 Owner Trust), Sale and Servicing Agreement (WFS Receivables Corp 3), Sale and Servicing Agreement (WFS Financial 2004-4 Owner Trust)

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Prepayment of Contracts. Any prepayment in full of a Subsequent Contract by an Obligor to the Master Servicer will consist of the entire outstanding principal balance of such Subsequent Contract together with all accrued and unpaid interest thereon.

Appears in 3 contracts

Samples: First Tier Subsequent Assignment (WFS Financial 2005-3 Owner Trust), First Tier Subsequent Assignment (WFS Financial 2004-3 Owner Trust), First Tier Subsequent Assignment (WFS Financial 2005-2 Owner Trust)

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