Common use of Aggregate Characteristics Clause in Contracts

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).

Appears in 1 contract

Sources: Sale and Servicing Agreement (M&i Dealer Auto Securitization LLC)

Aggregate Characteristics. The Receivables had the following characteristics in the aggregate as of the Initial Cutoff Date: (i) approximately 4349.73% of the Original Pool Balance was attributable to loans for purchases of new Financed Vehicles, and approximately 5750.27% 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 2531.5% 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, 37.846.4% 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, Wisconsin and no other state accounts for more than 1510% of the Original Pool Balance; (iii) the weighted average Contract Rate of the Receivables was 6.5345.482%; (iv) there are 43,128 44,193 Receivables being conveyed by Seller M&I Bank to the Trust; (v) the average Cutoff Date Principal Balance of the Receivables was $650,000,017.82692,552,156.94; (vi) the weighted average original term and weighted average remaining term of the Receivables were 63.07 60.42 months and 53.59 54.17 months, respectively; and (vii) 100100 % of the Receivables have their next scheduled payment date in either September[October 2003, 2005November 2003, OctoberDecember 2003, 2005, November, 2005 January 2004 or December 2005 February 2004.] (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 '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 Initial Cutoff Date).

Appears in 1 contract

Sources: Sale and Servicing Agreement (M&i Dealer Auto Securitization LLC)