Common use of Term to Maturity Clause in Contracts

Term to Maturity. Each Contract had an original term to maturity of not more than 72 months; provided, however, that as of the Prefunding Account Ending Date, no more than 30% of the Pool Balance shall represent Contracts with an original term to maturity greater than 66 months and less than or equal to 72 months and provided further that any Contracts acquired in the Prefunding Period with an original term to maturity greater than 66 months and less than or equal to 72 months were either originated via the Seller’s direct origination program or relate to vehicles that were no more than one model year old as of the date of origination of the related Contract.

Term to Maturity. Each Contract had an original term to maturity of not more than 72 66 months; provided, however, however that as of the Prefunding Account Ending Date, no more than 3019% of the Pool Balance shall represent Contracts with an original term to maturity greater than 66 60 months and less than or equal to 72 months and provided further that any Contracts acquired in the Prefunding Period with an original term to maturity greater than 66 months and less than or equal to 72 months were either originated via the Seller’s direct origination program or relate to vehicles that were no more than one model year old as of the date of origination of the related Contractmonths.