No Negative Amortization. LBAC represents and warrants to the other parties hereto and to the Note Insurer that the amendment to the Payment Deferment and Due Date Change Policies, as set forth on Exhibit A hereto, will not result in the negative amortization of any Receivables modified in accordance with such amended Payment Deferment and Due Date Change Policies.
Appears in 2 contracts
Sources: Sale and Servicing Agreement (Long Beach Acceptance Corp), Sale and Servicing Agreement (Long Beach Acceptance Corp)