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Common use of Term to Maturity Clause in Contracts

Term to Maturity. Each Receivable had a remaining term to maturity as of the Cutoff Date of not less than three (3) monthly payments.

Appears in 10 contracts

Sources: Receivables Purchase Agreement (CarMax Auto Owner Trust 2025-3), Receivables Purchase Agreement (Carmax Auto Funding LLC), Receivables Purchase Agreement (CarMax Auto Owner Trust 2025-2)

Related Clauses

  • Original Terms to Maturity
  • Final Maturity
  • Post-Maturity Rates
  • Discharge Prior to Maturity
  • Termination Prior to Maturity Date; Survival

Parent Clauses

  • REPRESENTATIONS AND WARRANTIES
  • Representations and Warranties as to the Receivables
  • Miscellaneous Provisions
  • Legal Fees Associated with Indemnification
  • Security Interest in Financed Vehicles
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