Common use of Interest Calculation Clause in Contracts

Interest Calculation. Each Contract provides for the calculation of interest payable thereunder under the “simple interest” method.

Appears in 122 contracts

Sources: Purchase Agreement (Exeter Automobile Receivables Trust 2025-5), Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2025-5), Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2025-5)

Interest Calculation. Each Contract provides for the calculation of interest payable thereunder under either the “simple interest” method, the “Rule of 78’s” method or the “precomputed interest” method.

Appears in 98 contracts

Sources: Purchase Agreement, Purchase Agreement (AFS SenSub Corp.), Sale and Servicing Agreement (AFS SenSub Corp.)

Interest Calculation. Each Contract provides for the calculation of interest payable thereunder under either the "simple interest" method, the "Rule of 78's" method or the "precomputed interest" method.

Appears in 9 contracts

Sources: Sale and Servicing Agreement (Americredit Automobile Receivables Trust 2003-B-X), Purchase Agreement (Americredit Automobile Receivable Trust 2005-D-A), Purchase Agreement (Americredit Automobile Receivables Trust 2003-B-X)

Interest Calculation. Each Contract provides for the calculation of interest payable thereunder under the "simple interest" method.

Appears in 2 contracts

Sources: Sale and Servicing Agreement (Vroom, Inc.), Sale and Servicing Agreement (Vroom, Inc.)

Interest Calculation. Each Contract provides for the calculation of interest payable thereunder under either the "simple interest" method.

Appears in 2 contracts

Sources: Purchase Agreement (Vroom, Inc.), Purchase Agreement (Vroom, Inc.)