Term to Maturity Clause Samples
The 'Term to Maturity' clause defines the length of time until a contract, loan, or financial instrument reaches its expiration date or is due for repayment. In practice, this clause specifies the exact date or period after which the principal amount must be repaid or the agreement concludes, such as a five-year loan maturing on a set calendar date. By clearly establishing when obligations end, the clause provides certainty for both parties regarding their rights and responsibilities, helping to prevent disputes over timing and ensuring orderly completion of contractual commitments.
Term to Maturity. Each Receivable had an original term to maturity of not more than 72 months and not less than 12 months and a remaining term to maturity as of the Cutoff Date of not more than 71 months and not less than three months.
Term to Maturity. Each Receivable had an original term to maturity of not more than seventy-two (72) monthly payments and not less than twelve (12) monthly payments and a remaining term to maturity as of the Cutoff Date of not more than seventy-one (71) monthly payments and not less than three (3) monthly payments.
Term to Maturity. Each Receivable had an original term to maturity of not more than seventy-two (72) monthly payments and not less than twelve (12) monthly payments and a remaining term to maturity as of the Cutoff Date of not more than seventy-one (71) monthly payments and not less than three (3) monthly payments. 1: 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 2: Confirm the remaining terms to maturity as stated within the data tape or servicing system is within the allowable number of payments to maturity RPA 3.4(r) Annual Percentage Rate. Each Receivable has an APR of not more than 25.00%. 1: Confirm the Annual Percentage Rate (APR) as stated within the “Truth in Lending” section of the Contract does not exceed the maximum allowable APR
Term to Maturity. Each Receivable had a remaining term to maturity as of the Cutoff Date of not less than three (3) monthly payments. 1: 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 2: Confirm the remaining terms to maturity as stated within the data tape or servicing system is within the allowable number of payments to maturity RPA 3.4(r) Annual Percentage Rate. Each Receivable has an APR of not more than 25.00%. 1: Confirm the Annual Percentage Rate (APR) as stated within the “Truth in Lending” section of the Contract does not exceed the maximum allowable APR
Term to Maturity. Each Receivable had a remaining term to maturity as of the Cutoff Date of not less than three (3) monthly payments.
Term to Maturity. Each Receivable had an original term to maturity of not more than [____] months and not less than [____] months and a remaining term to maturity as of the Cutoff Date of not more than [____] months and not less than [____] months.
Term to Maturity. Each Receivable had an original term to maturity of not more than seventy-two (72) monthly payments and not less than twelve (12) monthly payments and a remaining term to maturity as of the Cutoff Date of not more than seventy-one (71) monthly payments and not less than three (3) monthly payments. 1: 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 2: Confirm the remaining terms to maturity as stated within the data tape or servicing system is within the allowable number of payments to maturity
Term to Maturity. Each Contract had an original term to maturity of not more than 66 months; provided, however that as of the Prefunding Account Ending Date, no more than 19% of the Pool Balance shall represent Contracts with an original term to maturity greater than 60 months and less than or equal to 66 months.
Term to Maturity. Each Contract had an original term to maturity of not more than 72 payments; provided, however, that as of the Prefunding Account Ending Date the weighted average remaining term of all contracts shall not exceed 65 payments.
Term to Maturity. As of the applicable Cutoff Date, each Contract had an original term to maturity of not more than 72 payments; provided, however, that as of the Prefunding Account Ending Date, the weighted average remaining term to maturity of all Contracts shall not exceed 65 payments.