Common use of TERMS, CONDITIONS AND COVENANTS Clause in Contracts

TERMS, CONDITIONS AND COVENANTS. In consideration of the Purchase Price, the Seller hereby sells to the Purchaser the entire right, title and interest of the Seller in the Loans accepted for purchase, subject to all the terms and conditions of the Sale Agreement Master Securitization Terms Number 1000 ("Master Sale Terms") and amendments, each incorporated herein by reference, between the Seller and the Purchaser. The Initial Payment of the Loans shall equal $1,265,104,606 (equal to $1,502,653,749 (representing the sale price of the Notes less underwriters' commissions) less $3,206,436 (representing the Reserve Account Initial Deposit) less $232,575,519 (representing the Cash Capitalization Account Initial Deposit) less $1,767,188 (representing the upfront payment of the Interest Rate Cap Agreements))

TERMS, CONDITIONS AND COVENANTS. In consideration of the Purchase Price, the Seller hereby sells to the Purchaser the entire right, title and interest of the Seller in the Loans accepted for purchase, subject to all the terms and conditions of the Sale Agreement Master Securitization Terms Number 1000 ("Master Sale Terms") and amendments, each incorporated herein by reference, between the Seller and the Purchaser. The Initial Payment of the Loans shall equal $1,265,104,606 1,236,345,403 (equal to $1,502,653,749 1,331,794,603 (representing the sale price of the Notes less underwriters' commissions) less $3,206,436 3,130,396 (representing the Reserve Account Initial Deposit) less $232,575,519 90,638,804 (representing the Cash Capitalization Account Initial Deposit) less $1,767,188 1,680,000 (representing the upfront payment of the Interest Rate Cap Agreements))

TERMS, CONDITIONS AND COVENANTS. In consideration of the Purchase Price, the Seller hereby sells to the Purchaser the entire right, title and interest of the Seller in the Loans accepted for purchase, subject to all the terms and conditions of the Sale Agreement Master Securitization Terms Number 1000 ("“Master Sale Terms"”) and amendments, each incorporated herein by reference, between the Seller and the Purchaser. The Initial Payment of the Loans shall equal $1,265,104,606 1,485,320,506 (equal to $1,502,653,749 1,645,783,165 (representing the sale price of the Notes less underwriters' ’ commissions) less $3,206,436 2,700,000 (representing the Collection Account Initial Deposit) less $3,762,659 (representing the Reserve Account Initial Deposit) less $232,575,519 154,000,000 (representing the Cash Capitalization Account Initial Deposit) less $1,767,188 (representing the upfront payment of the Interest Rate Cap Agreements))