Acceptance by Issuing Entity. The Issuing Entity does hereby accept all consideration conveyed by the Depositor pursuant to Section 2.01(a), and declares that the Issuing Entity shall hold such consideration upon the trust set forth in the Trust Agreement for the benefit of the Certificateholders, subject to the terms and conditions of the Indenture, this Agreement and the Second Step Receivables Assignment and the rights of the Noteholders with respect thereto. The Issuing Entity hereby agrees to and accepts the appointment and authorization of Ally Financial as Servicer under Section 2.01 of the Servicing Agreement. The parties agree that this Agreement, the Second Step Receivables Assignment, the Indenture, the Trust Agreement, the Notes and the Certificates constitute the Further Transfer Agreements for purposes of the Pooling Agreement.
Appears in 42 contracts
Samples: Trust Sale Agreement (Ally Auto Receivables Trust 2017-1), Trust Sale Agreement (Ally Auto Receivables Trust 2017-1), Trust Sale Agreement (Ally Auto Receivables Trust 2016-3)
Acceptance by Issuing Entity. The Issuing Entity does hereby accept all consideration conveyed by the Depositor pursuant to Section 2.01(a), and declares that the Issuing Entity shall hold such consideration upon the trust set forth in the Trust Agreement for the benefit of the Certificateholders, subject to the terms and conditions of the Indenture, this Agreement and the Second Step Receivables Assignment and the rights of the Noteholders with respect thereto. The Issuing Entity hereby agrees to and accepts the appointment and authorization of Ally Financial Bank as Servicer under Section 2.01 of the Servicing Agreement. The parties agree that this Agreement, the Second Step Receivables Assignment, the Indenture, the Trust Agreement, the Notes and the Certificates constitute the Further Transfer Agreements for purposes of the Pooling Agreement.
Appears in 30 contracts
Samples: Trust Sale Agreement (Ally Auto Receivables Trust 2024-1), Trust Sale Agreement (Ally Auto Receivables Trust 2024-1), Trust Sale Agreement (Ally Auto Receivables Trust 2023-1)
Acceptance by Issuing Entity. The Issuing Entity does hereby accept all consideration conveyed by the Depositor pursuant to Section 2.01(a), 2.01 and declares that the Issuing Entity shall hold such consideration upon the trust set forth in the Trust Agreement for the benefit of the Certificateholders, subject to the terms and conditions of the AART Indenture, this Agreement and the Second Step Receivables Secured Notes Assignment and the rights of the Noteholders with respect thereto. The Issuing Entity hereby agrees to and accepts the appointment and authorization of Ally Financial as Servicer Administrator under Section 2.01 of the Servicing Administration Agreement. The parties agree that this Agreement, the Second Step Receivables Secured Notes Assignment, the AART Indenture, the Trust Agreement, the Notes and the Certificates constitute the Further Transfer Agreements for purposes of the Pooling Agreement.
Appears in 9 contracts
Samples: Trust Sale Agreement (Ally Auto Assets LLC), Trust Sale Agreement (Ally Auto Assets LLC), Trust Sale Agreement (Ally Auto Assets LLC)
Acceptance by Issuing Entity. The Issuing Entity does hereby accept all consideration conveyed by the Depositor pursuant to Section 2.01(a), 2.01 and declares that the Issuing Entity shall hold such consideration upon the trust set forth in the Trust Agreement for the benefit of the Certificateholders, subject to the terms and conditions of the Indenture, AART Indenture and this Agreement and the Second Step Receivables Secured Notes Assignment and the rights of the Noteholders with respect thereto. The Issuing Entity hereby agrees to and accepts the appointment and authorization of Ally Financial as Servicer Administrator under Section 2.01 of the Servicing Administration Agreement. The parties agree that this Agreement, the Second Step Receivables Secured Notes Assignment, the AART Indenture, the Trust Agreement, the Notes and the Certificates constitute the Further Transfer Agreements for purposes of the Pooling Agreement.
Appears in 3 contracts
Samples: Trust Sale Agreement (Ally Auto Receivables Trust 2012-Sn1), Trust Sale Agreement (Ally Auto Receivables Trust 2012-Sn1), Trust Sale Agreement (Ally Central Originating Lease Trust)
Acceptance by Issuing Entity. The Issuing Entity does hereby accept all consideration conveyed by the Depositor pursuant to Section 2.01(a), and declares that the Issuing Entity shall hold such consideration upon the trust set forth in the Trust Agreement for the benefit of the Certificateholders, subject to the terms and conditions of the Indenture, this Agreement and the Second Step Receivables Assignment and the rights of the Noteholders with respect thereto. The Issuing Entity hereby agrees to and accepts the appointment and authorization of Ally Financial Bank as Servicer under Section 2.01 of the Servicing Agreement. The parties agree that this Agreement, the Second Step Receivables Assignment, the Indenture, the Trust Agreement, the Notes and the Certificates constitute the Further Transfer Agreements for purposes of the Pooling Agreement.. Trust Sale Agreement (AART 2022-1)
Appears in 2 contracts
Samples: Trust Sale Agreement (Ally Auto Receivables Trust 2022-1), Trust Sale Agreement (Ally Auto Receivables Trust 2022-1)