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Common use of Prepayment Clause in Contracts

Prepayment. Each Receivable allows for prepayment without penalty.

Appears in 153 contracts

Sources: Receivables Purchase Agreement (Toyota Auto Receivables 2025-C Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2025-C Owner Trust), Receivables Purchase Agreement (Toyota Auto Receivables 2025-C Owner Trust)

Prepayment. Each Receivable allows for prepayment and partial prepayments without penalty.

Appears in 111 contracts

Sources: Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2025-3), Sale and Servicing Agreement (GM Financial Consumer Automobile Receivables Trust 2025-3), Sale and Servicing Agreement (GM Financial Consumer Automobile Receivables Trust 2025-2)

Prepayment. Each The Receivable allows for prepayment without penalty.

Appears in 61 contracts

Sources: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2025-A), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2025-A), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2024-D)

Related Clauses

  • Term Loan Prepayments
  • Prepayment of Loan
  • Prepayment of Loans
  • Mandatory Prepayment
  • Discounted Voluntary Prepayments

Parent Clauses

  • Miscellaneous
  • Interest
  • The Credits
  • The Loan
  • Counterparts

Sub-Clauses

  • Mandatory Prepayment
  • Voluntary Prepayment
  • Optional Prepayment
  • Notice of Prepayment
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