Common use of Original Term to Maturity Clause in Contracts

Original Term to Maturity. Each Receivable had an original term to maturity (based on the original number of Monthly Payments) of not more than [__] months and not less than [__] months and a remaining term to maturity (based on the number of remaining Monthly Payments) as of the Cutoff Date of not more than [__] months and not less than [_] months. - Contract - Data Tape (i) Confirm the sum of the Number of Payments together with any first and last scheduled monthly payments (if applicable) is within the allowable number of payments to maturity. (ii) Confirm the remaining terms to maturity as stated within the data tape or servicing system is within the allowable number of payments to maturity. (iii) If sections (i) and (ii) are confirmed, then Test Pass.

Appears in 1 contract

Sources: Asset Representations Review Agreement (Mercedes-Benz Retail Receivables LLC)

Original Term to Maturity. Each Receivable had an original term to maturity (based on the original number of Monthly Paymentsscheduled payments) of not more than [__] months and not less than [__] months and a remaining term to maturity (and, based on the number of remaining Monthly Payments) , a remaining term to maturity as of the Cutoff Date Date, of not more than [__] months and not less than [_] months. - Contract - Data Tape (i) Confirm the sum of the Number of Payments together with any first and last scheduled monthly payments (if applicable) is within the allowable number of payments to maturity. (ii) Confirm the remaining terms to maturity as stated within the data tape or servicing system is within the allowable number of payments to maturity. (iii) If sections (i) and (ii) are confirmed, then Test Pass.

Appears in 1 contract

Sources: Asset Representations Review Agreement (Daimler Retail Receivables LLC)