Prepayment. Each Receivable allows for prepayment and partial prepayments without penalty and requires that a prepayment by the related Obligor will fully pay the principal balance and accrued interest through the date of prepayment based on the Receivable’s Annual Percentage Rate.
Appears in 94 contracts
Sources: Sale and Servicing Agreement (Efcar, LLC), Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2025-5), Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2025-5)
Prepayment. Each Receivable allows for prepayment and partial prepayments without penalty and requires that a prepayment by the related Obligor will fully pay the principal balance and accrued interest through the date of prepayment based on the Receivable’s 's Annual Percentage Rate.
Appears in 4 contracts
Sources: Purchase Agreement (Vroom, Inc.), Sale and Servicing Agreement (Vroom, Inc.), Sale and Servicing Agreement (Vroom, Inc.)
Prepayment. Each [Seller] Receivable allows for prepayment and partial prepayments without penalty and requires that a prepayment by the related Obligor will fully pay the principal balance and accrued interest through the date of prepayment based on the [Seller] Receivable’s Annual Percentage Rate.
Appears in 3 contracts
Sources: Sale Agreement (Efcar, LLC), Sale Agreement (Efcar, LLC), Sale Agreement (Efcar, LLC)