Aggregate Characteristics Clause Samples
The Aggregate Characteristics clause defines the collective properties or features of a group of items, products, or services covered by the agreement. It typically specifies how the combined attributes—such as quality, quantity, or performance—are measured or evaluated when considering the group as a whole, rather than individually. For example, it may set standards for the average quality of a shipment or the total output of a service over a period. This clause ensures that the parties have a clear understanding of the expected overall standards, helping to prevent disputes over individual variances by focusing on the aggregate performance or characteristics.
Aggregate Characteristics. The Receivables had the following characteristics in the aggregate as of the Cutoff Date: (i) approximately ___% of the Original Pool Balance was attributable to loans for purchases of new Financed Vehicles, and approximately ___% of the Original Pool Balance was attributable to loans for purchases of used Financed Vehicles; (ii) approximately ___%, ___%, ___% and ____% of the Original Pool Balance was attributable to Receivables the mailing addresses of the Obligors with respect to which are located in the States of __________, __________, __________, and ___________, respectively, and no other state accounts for more than 5% of the Original Pool Balance; (iii) the weighted average Contract Rate of the Receivables was ____%;
Aggregate Characteristics. The Receivables had the following characteristics in the aggregate as of the Cutoff Date:
(i) approximately ____% of the Original Pool Balance was attributable to loans for purchases of new Financed Vehicles, and approximately ____% of the Original Pool Balance was attributable to loans for purchases of used Financed Vehicles; (ii) approximately ____% of the Original Pool Balance was attributable to Receivables the mailing addresses of the Obligors with respect to which are located in the State of ________ and ____% of the Original Pool Balance was attributable to Receivables the mailing addresses of the Obligors with respect to which are located in the State of _____, ____% in the State of _______, ____% in the State of ______, and ____% in the State of ______, and no other state accounts for more than ____% of the Original Pool Balance; (iii) the weighted average Contract Rate of the Receivables was _____%;
Aggregate Characteristics. The Receivables had the following characteristics in the aggregate as of the Cutoff Date: (i) approximately ___% of the Original Pool Balance was attributable to loans for purchases of new Financed Vehicles, and approximately ___% of the Original Pool Balance was attributable to loans for purchases of used Financed Vehicles; (ii) approximately ___%, ___%, ___% and ____% of the Original Pool Balance was attributable to Receivables the mailing addresses of the Obligors with respect to which are located in the States of __________, __________, __________, and ___________, respectively, and no other state accounts for more than 5% of the Original Pool Balance; (iii) the weighted average Contract Rate of the Receivables was ____%; (iv) there are ______________ Receivables being conveyed by Seller to the Trust; (v) the average Cutoff Date Principal Balance of the Receivables was $________; and (vi) the weighted average original term and weighted average remaining term of the Receivables were ______ months and ___ months, respectively.
Aggregate Characteristics. The Receivables had the following characteristics in the aggregate as of the Cutoff Date: (i) approximately 43% of the Original Pool Balance was attributable to loans for purchases of new Financed Vehicles, and approximately 57% of the 9045475 05134611 6 2005-1 Sale and Servicing Agreement Original Pool Balance was attributable to loans for purchases of used Financed Vehicles; (ii) approximately 25% of the Original Pool Balance was attributable to Receivables the mailing addresses of the Obligors with respect to which are located in the State of Minnesota, 37.8% of the Original Pool Balance was attributable to Receivables the mailing addresses of the Obligors with respect to which are located in the State of Wisconsin, and no other state accounts for more than 15% of the Original Pool Balance; (iii) the weighted average Contract Rate of the Receivables was 6.534%; (iv) there are 43,128 Receivables being conveyed by Seller to the Trust; (v) the Cutoff Date Principal Balance of the Receivables was $650,000,017.82; (vi) the weighted average original term and weighted average remaining term of the Receivables were 63.07 months and 53.59 months, respectively; and (vii) 100% of the Receivables have their next scheduled payment date in either September, 2005, October, 2005, November, 2005 or December 2005 (other than those loans whose last payment was no more than $20 short of the scheduled payment and that payment, in accordance with the Servicer’s normal procedures, is not considered past due with regards to that scheduled payment and other than those Receivables that have been paid ahead as of the Cutoff Date).
Aggregate Characteristics. The Receivables had the following characteristics in the aggregate as of the Cutoff Date: (a) approximately _____% of the Aggregate Starting Receivables Balance was attributable to loans for purchases of new Financed Vehicles, and approximately _____% of the Aggregate Starting Receivables Balance was attributable to loans for purchases of used Financed Vehicles; (b) approximately _____% of the Aggregate Starting Receivables Balance was attributable to Receivables the mailing addresses of the Obligors with respect to which are located in the States of Utah and Idaho; (c) the weighted average Contract Rate of the Receivables was ______%; (d) approximately ____% of the Aggregate Starting Receivables Balance was attributable to Receivables originated by the Seller; (e) approximately _____% of the Aggregate Starting Receivables Balance was attributable to Receivables that are Dealer Loans; and (f) approximately ____% of the Aggregate Starting Receivables Balance was attributable to Receivables that are subject to a repurchase obligation by the originating Dealer upon default and repossession.
Aggregate Characteristics. The Receivables had the following characteristics in the aggregate as of the Cutoff Date: (i) approximately 12.40% of the Original Pool Balance was attributable to loans for purchases of new Financed Vehicles, and approximately 87.60% of the Original Pool Balance was attributable to loans for purchases of used Financed Vehicles; (ii) approximately 23.63% of the Original Pool Balance was attributable to Receivables the mailing addresses of the Obligors with respect to which are located in the State of North Carolina and 16.16% of the Original Pool Balance was attributable to Receivables the mailing addresses of the Obligors with respect to which are located in the State of California, 5.89% in the State of Texas and 5.01% in the State of South Carolina, and no other state accounts for more than 5% of the Original Pool Balance; (iii) the weighted average Contract Rate of the Receivables was 20.08%; (iv) there are 9,172 Receivables being conveyed by Seller to Issuer; (v) the average Cutoff Date Principal Balance of the Receivables was $11,993.67 and (vi) the weighted average original term and weighted average remaining term of the Receivables were 56.81 months and 54.68 months, respectively.
Aggregate Characteristics. The Receivables had the following characteristics in the aggregate as of the Initial Cutoff Date: (i) approximately 44.37% of the Original Pool Balance was attributable to loans for purchases of new Financed Vehicles, and approximately 55.63% of the Original Pool Balance was attributable to loans for purchases of used Financed Vehicles; (ii) approximately 22.21% of the Original Pool Balance was attributable to Receivables the mailing addresses of the Obligors with respect to which are located in the State of Minnesota, 56.54% of the Original Pool Balance was attributable to Receivables the mailing addresses of the Obligors with respect to which are located in the State of Wisconsin and no other state accounts for more than 10% of the Original Pool Balance; (iii) the weighted average Contract Rate of the Receivables was 7.32%; (iv) there are 32,439 Receivables being conveyed by M&I Bank to the Owner Trustee; (v) the average Cutoff Date Principal Balance of the Receivables was $13,341.06; (vi) the weighted average original term and weighted average remaining term of the Receivables were 59.94 months and 50.23 months, respectively; and (vii) 100 % of the Receivables (other than those Receivables that have been paid ahead as of the Initial Cutoff Date) have their next scheduled payment date in either September, October or November of 2002.
Aggregate Characteristics. The Receivables had the following characteristics in the aggregate as of the Cutoff Date: (a) approximately 33.29% of the Original Pool Balance was attributable to loans for purchases of new Financed Vehicles, and approximately 66.71% of the Original Pool Balance was attributable to loans for purchases of used Financed Vehicles; (b) approximately 62.34% of the Original Pool Balance was attributable to Receivables the mailing addresses of the Obligors with respect to which are located in the States of Utah and Idaho; (c) the weighted average Contract Rate of the Receivables was 10.009%; (d) approximately 93.69% of the Original Pool Balance was attributable to Receivables originated by the Seller; (e) approximately 93.69% of the Original Pool Balance was attributable to Receivables that are Dealer Loans; and (f) approximately 1.07% of the Original Pool Balance was attributable to Receivables that are subject to a repurchase obligation by the originating Dealer upon default and repossession.
Aggregate Characteristics. The Receivables had the following characteristics in the aggregate as of the Cutoff Date:
(a) approximately ____% of the Original Pool Balance was attributable to loans for purchases of new Financed Vehicles, and approximately _____% of the Original Pool Balance was attributable to loans for purchases of used Financed Vehicles; (b) approximately _____% of the Original Pool Balance was attributable to Receivables the mailing addresses of the Obligors with respect to which are located in the States of Utah and Idaho; (c) the weighted average Contract Rate of the Receivables was _____%; (d) approximately _____% of the Original Pool Balance was attributable to Receivables originated by the Seller; (e) approximately _____% of the Original Pool Balance was attributable to Receivables that are Dealer Loans; and (f) approximately _____% of the Original Pool Balance was attributable to Receivables that are subject to a repurchase obligation by the originating Dealer upon default and repossession.
Aggregate Characteristics. The Receivables had the following characteristics in the aggregate as of the Cutoff Date: (i) approximately % of the Original Pool Balance was attributable to loans for purchases of new Financed Vehicles, and approximately % of the Original Pool Balance was attributable to loans for purchases of used Financed Vehicles; (ii) approximately %, %, % and % of the Original Pool Balance was attributable to Receivables the mailing addresses of the Obligors with respect to which are located in the States of , , , and , respectively, and no other state accounts for more than 5% of the Original Pool Balance; (iii) the weighted average Contract Rate of the Receivables was %; (iv) there are Receivables being conveyed by Seller to the Trust; (v) the average Cutoff Date Principal Balance of the Receivables was $ ; and (vi) the weighted average original term and weighted average remaining term of the Receivables were months and months, respectively.