Common use of Prepayment Clause in Contracts

Prepayment. Each Receivable provides that a prepayment by the related Obligor will fully pay the principal balance and accrued interest through the date of prepayment based on such Receivable’s Annual Percentage Rate.

Appears in 65 contracts

Samples: Sale and Servicing Agreement (World Omni Auto Receivables Trust 2021-B), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2021-B), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2021-A)

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Prepayment. Each Receivable provides that a prepayment by the related Obligor will fully pay the principal balance and accrued interest through the date of prepayment based on such Receivable’s Annual Percentage Rate or Contract Rate, as applicable.

Appears in 31 contracts

Samples: Sale and Servicing Agreement (World Omni Auto Receivables Trust 2024-C), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2024-C), Sale and Servicing Agreement (World Omni Select Auto Trust 2024-A)

Prepayment. Each Receivable provides that a prepayment by the related Obligor will fully pay the principal balance and accrued interest through the date of prepayment based on such the Receivable’s Annual Percentage Rate.

Appears in 22 contracts

Samples: Sale and Servicing Agreement (Nissan Auto Receivables 2015-C Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2015-C Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables Corp Ii)

Prepayment. Each Receivable provides that a prepayment by the related Obligor will fully pay the principal balance and accrued interest through the date of prepayment based on such the Receivable’s Annual Percentage RateAPR.

Appears in 13 contracts

Samples: Sale and Servicing Agreement (Nissan Auto Receivables 2013-a Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2013-a Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables Corp Ii)

Prepayment. Each Such Receivable provides that a prepayment by the related Obligor will fully pay the principal balance and accrued interest through the date of prepayment based on such Receivable’s Annual Percentage Rate.

Appears in 12 contracts

Samples: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2024-P3), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2024-P2), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2024-P2)

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Prepayment. Each Such Receivable provides that a prepayment by the related Obligor will fully pay the principal balance and accrued interest through the date of prepayment based on such Receivable’s Annual Percentage Contract Rate.

Appears in 2 contracts

Samples: Purchase Agreement (Bridgecrest Lending Auto Securitization Trust 2024-4), Purchase Agreement (Bridgecrest Lending Auto Securitization Trust 2024-4)

Prepayment. Each Receivable provides that a prepayment by the related Obligor will fully pay the principal balance and accrued interest through the date of prepayment based on such the Receivable’s Annual Percentage Rate.. 29 (Nissan 2015-A Sale and Servicing Agreement)

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Nissan Auto Receivables Corp Ii), Sale and Servicing Agreement (Nissan Auto Receivables Corp Ii)

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