Common use of Aggregate Characteristics Clause in Contracts

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.

Appears in 1 contract

Sources: Sale and Servicing Agreement (M&i Auto Loan Trust 2002-1)

Aggregate Characteristics. The Receivables had the following characteristics in the aggregate as of the Initial Cutoff Date: (i) approximately 44.3744.72% of the Original Pool Balance was attributable to loans for purchases of new Financed Vehicles, and approximately 55.6355.28% of the Original Pool Balance was attributable to loans for purchases of used Financed Vehicles; (ii) approximately 22.2113.07% 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, 56.5472.16% 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 Wisconsin and no other state accounts for more than 105% of the Original Pool Balance; (iii) the weighted average Contract Rate of the Receivables was 7.329.01%; (iv) there are 32,439 25,198 Receivables being conveyed by M&I Bank to the Owner Trustee; (v) the average Cutoff Date Principal Balance of the Receivables was $13,341.0613,770.93; (vi) the weighted average original term and weighted average remaining term of the Receivables were 59.94 59.79 months and 50.23 51.25 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, September or October or November of 20022001.

Appears in 1 contract

Sources: Sale and Servicing Agreement (Bond Securitization LLC)