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Common use of Simple Interest Clause in Contracts

Simple Interest. a. Review the Contract and confirm that the Receivable is a Simple Interest Receivable.

Appears in 49 contracts

Sources: Asset Representations Review Agreement (Bridgecrest Lending Auto Securitization Trust 2025-3), Asset Representations Review Agreement (Bridgecrest Lending Auto Securitization Trust 2025-3), Asset Representations Review Agreement (Bridgecrest Lending Auto Securitization Trust 2025-2)

Related Clauses

  • Periodic Interest
  • Default Rate Interest
  • Interest
  • Accrued Interest
  • Interim Interest

Parent Clauses

  • Miscellaneous Provisions
  • Representations and Warranties
  • Representations and Warranties of the Seller with Respect to the Receivables
  • Eligibility of Receivables
  • Sponsor’s Representations and Warranties About Each Receivable

Sub-Clauses

  • Mandatory Conversion Upon Convertible Note Financing
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