Common use of No Amendments Clause in Contracts

No Amendments. The Servicer shall (i) not extend the date for final payment by the Obligor of any Receivable beyond the last day of the Collection Period prior to the Class C Stated Maturity Date; or (ii) reduce the APR or unpaid principal balance with respect to any Receivable other than as required by applicable law.

Appears in 49 contracts

Sources: Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2025-B), Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2025-B), Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2025-A)

No Amendments. The Servicer shall (i) not extend the date for final payment by the Obligor of any Receivable beyond the last day of the Collection Period prior to the Class C D Stated Maturity Date; or (ii) reduce the APR or unpaid principal balance with respect to any Receivable other than as required by applicable law.

Appears in 12 contracts

Sources: Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2016-B), Sale and Servicing Agreement (Hyundai Abs Funding LLC), Sale and Servicing Agreement (Hyundai Abs Funding LLC)

No Amendments. The Servicer shall (i) not extend the date for final payment by the Obligor of any Receivable beyond the last day of the Collection Period prior to the the[ Class C D Stated Maturity Date]; or (ii) reduce the APR or unpaid principal balance with respect to any Receivable other than as required by applicable law.

Appears in 6 contracts

Sources: Sale and Servicing Agreement (Hyundai Abs Funding LLC), Sale and Servicing Agreement (Hyundai Abs Funding LLC), Sale and Servicing Agreement (Hyundai Abs Funding LLC)

No Amendments. The Servicer shall (i) not extend the date for final payment by the Obligor of any Receivable beyond the last day of the Collection Period prior to the Class C Stated A-4 Maturity Date; or (ii) reduce the APR or unpaid principal balance with respect to any Receivable other than as required by applicable law.

Appears in 6 contracts

Sources: Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2010-B), Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2010-A), Sale and Servicing Agreement (Hyundai Abs Funding Corp)

No Amendments. The Servicer shall (i) not extend the date for final payment by the Obligor of any Receivable beyond the last day of the Collection Period prior to the Class C Stated D Maturity Date; or (ii) reduce the APR or unpaid principal balance with respect to any Receivable other than as required by applicable law.

Appears in 6 contracts

Sources: Sale and Servicing Agreement (Hyundai Abs Funding Corp), Sale and Servicing Agreement (Hyundai Abs Funding Corp), Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2006-B)

No Amendments. The Servicer shall (i) not extend the date for final payment by the Obligor of any Receivable beyond the last day of the Collection Period prior to the Class C Stated Maturity Date; or (ii) reduce the APR or unpaid principal balance with respect to any Receivable other than as required by applicable law.. 8 (2022-C Sale and Servicing Agreement)

Appears in 1 contract

Sources: Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2022-C)

No Amendments. The Servicer shall (i) not extend the date for final payment by the Obligor of any Receivable beyond the last day of the Collection Period prior to the Class C A-4 Stated Maturity Date; or (ii) reduce the APR or unpaid principal balance with respect to any Receivable other than as required by applicable law.

Appears in 1 contract

Sources: Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2011-C)