Common use of No Delinquency Clause in Contracts

No Delinquency. No payment required under the Floorplan Loan, including Curtailment, is Delinquent nor has any payment under the Floorplan Loan been Delinquent at any time since the origination of the Floorplan Loan.

Appears in 2 contracts

Sources: Master Repurchase Agreement (Bingham Financial Services Corp), Master Repurchase Agreement (Bingham Financial Services Corp)