Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months. (B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months. (C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,000. (D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of not more than 20%. (E) No Receivable was more than thirty (30) days past due as of the Cutoff Date. (F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof. (G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable. (H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars. (I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer. (J) Each Receivable arose under a Contract with respect to which GM Financial has performed all obligations required to be performed by it thereunder. (K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date. (L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date. (M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 25 contracts
Samples: Sale and Servicing Agreement (GM Financial Consumer Automobile Receivables Trust 2024-4), Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2024-4), Sale and Servicing Agreement (GM Financial Consumer Automobile Receivables Trust 2024-3)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of not more than 20%.
(E) No Receivable was more than thirty (30) days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof. Data Tape Receivable File
A. Review the data tape and confirm that the remaining maturity date is more than or equal to three (3) months but less than or equal to eighty-four (84) months from the Cutoff Date.
B. Review the data tape and confirm that the original maturity date is more than or equal to three (3) months but less than or equal to eighty-four (84) months from the Cutoff Date.
C. Review the data tape and confirm that the remaining principal balance is more than or equal to $250 but less than or equal to $150,000.
D. Review the data tape and confirm that the annual percentage rate is not more than 20%.
E. Review the data tape and confirm that the next payment due date was not more than thirty (30) days from the Cutoff Date.
F. Confirm the following:
i. The Contract was completed on a U.S. State or territory automobile contract form.
ii. An “Applicable Law” disclosure is present confirming the contract is governed by federal and State law.
iii. The test for Compliance with Law representation was passed.
G. Review the Contract and confirm that the Obligor’s billing address is located within the United States or within a United States territory.
H. Review the Contract and confirm that the payment schedule details are reported in U.S. dollars.
I. Review the Contract and confirm that the contract is assignable without the consent or notice of the Obligor.
J. Confirm a Truth in Lending statement appears on the Contract.
K. Review the data tape and to confirm that no automobile was held in repossession inventory as of the Cutoff Date.
L. Review the data tape and to confirm that no Obligor was involved in active bankruptcy as of the Cutoff Date.
M. Review the Contract and confirm that the Obligor is not reported as the United States of America or any State, agency, department or subdivision of the government.
N. If steps A through M are confirmed, then Test Pass.
Appears in 17 contracts
Samples: Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2024-4), Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2024-3), Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2024-3)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 72 months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 72 months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,00085,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of at least 1% and not more than 2033%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) Each No funds had been advanced by AmeriCredit, any Originating Affiliate, any Dealer, any Third-Party Lender, or anyone acting on behalf of any of them in order to cause any Receivable arose to qualify under a Contract that is governed by the laws of the United States or any State thereofclause (E) above.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable, is a natural person and is not an Affiliate of any party to the Basic Documents.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable is identified on the Servicer’s master servicing records as a retail automobile installment sales contract.
(J) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(JK) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder, and, in the event such Contract is an installment sales contract, delivery of the Financed Vehicle to the related Obligor has occurred.
(KL) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(LM) The Servicer’s records do not indicate that any No Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 13 contracts
Samples: Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2014-2), Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2014-1), Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2014-1)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of not more than 20%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof. Data Tape Receivable File
A. Review the data tape and confirm that the remaining maturity date is more than or equal to 3 months but less than or equal to 75 months from the Cutoff Date.
B. Review the data tape and confirm that the original maturity date is more than or equal to 3 months but less than or equal to 75 months from the Cutoff Date.
C. Review the data tape and confirm that the remaining principal balance is more than or equal to $250 but less than or equal to $150,000.
D. Review the data tape and confirm that the annual percentage rate is not more than 20 percent.
E. Review the data tape and confirm that the next payment due date was not more than 30 days from the Cutoff Date.
F. Confirm the following:
i. The Contract was completed on a US State or Territory automobile contract form.
ii. An “Applicable Law” disclosure is present confirming the contract is governed by Federal and State law.
iii. The test for Compliance with Law representation was passed.
G. Review the Contract and confirm that the Obligor’s billing address is located within the United States or within a United States territory.
H. Review the Contract and confirm that the payment schedule details are reported in US dollars.
I. Review the Contract and confirm that the contract is assignable without the consent or notice of the Obligor.
J. Confirm a Truth in Lending statement appears on the Contract.
K. Review the data tape and to confirm that no automobile was held in repossession inventory as of the Cutoff Date.
L. Review the data tape and to confirm that no Obligor was involved in active bankruptcy as of the Cutoff Date.
M. Review the Contract and confirm that the Obligor is not reported as the United States of America or any State, agency, department or subdivision of the government.
N. If steps A through M are confirmed, then Test Pass.
Appears in 11 contracts
Samples: Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2020-1), Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2020-1), Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2019-4)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,00085,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of at least 1% and not more than 2033%.
(E) No Receivable was more than thirty (30) days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 11 contracts
Samples: Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2024-1), Purchase Agreement (AmeriCredit Automobile Receivables Trust 2024-1), Purchase Agreement (AmeriCredit Automobile Receivables Trust 2023-2)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,00085,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of at least 1% and not more than 2033%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 10 contracts
Samples: Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2018-3), Purchase Agreement (AmeriCredit Automobile Receivables Trust 2018-3), Purchase Agreement (AFS SenSub Corp.)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,00085,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of at least 1% and not more than 2033%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.. Data Tape Receivable File
Appears in 10 contracts
Samples: Asset Representations Review Agreement (AFS SenSub Corp.), Asset Representations Review Agreement (AFS SenSub Corp.), Asset Representations Review Agreement (AFS SenSub Corp.)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,00085,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of at least 1% and not more than 2033%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof. Data Tape Receivable File
A. Review the Data Tape and confirm that the remaining maturity date is more than or equal to three months but less than or equal to 75 months from the Cutoff Date.
B. Review the Data Tape and confirm that the original maturity date is more than or equal to three months but less than or equal to 75 months from the Cutoff Date.
C. Review the Data Tape and confirm that the remaining principal balance is more than or equal to $250 but less than or equal to $85,000.
D. Review the Data Tape and confirm that the annual percentage rate is more than or equal to one percent but less than or equal to 33 percent.
E. Review the Data Tape and confirm that the next payment due date was not more than 30 days from the Cutoff Date.
F. Confirm the following:
i) The Contract was completed on a US State or Territory automobile contract form
ii) An “Applicable Law” disclosure is present confirming the contract is governed by Federal and State law
iii) The test for Compliance with Law representation was passed
G. Review the Contract and confirm that the Obligor’s billing address is located within the United States.
H. Review the Contract and confirm that the payment schedule details are reported in US dollars.
I. Review the Contract and confirm that the contract is assignable without the consent or notice of the Obligor.
J. Confirm a Truth in Lending statement appears on the Contract.
K. Review the Data Tape and to confirm that no automobile was held in repossession inventory as of the Cutoff Date
L. Review the Data Tape and to confirm that no Obligor was involved in active bankruptcy as of the Cutoff Date
M. Review the Contract and confirm that the Obligor is not reported as the United States of America or any State, agency, department or subdivision of the government.
N. If steps (A) through (M) are confirmed, then Test Pass
Appears in 8 contracts
Samples: Asset Representations Review Agreement (AmeriCredit Automobile Receivables Trust 2020-3), Asset Representations Review Agreement (AmeriCredit Automobile Receivables Trust 2020-2), Asset Representations Review Agreement (AmeriCredit Automobile Receivables Trust 2020-2)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of not more than 20%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 8 contracts
Samples: Sale and Servicing Agreement (AFS SenSub Corp.), Purchase Agreement (AFS SenSub Corp.), Purchase Agreement (AFS SenSub Corp.)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 84 months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 84 months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of not more than 20%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof. Data Tape Receivable File
A. Review the data tape and confirm that the remaining maturity date is more than or equal to 3 months but less than or equal to 84 months from the Cutoff Date.
B. Review the data tape and confirm that the original maturity date is more than or equal to 3 months but less than or equal to 84 months from the Cutoff Date.
C. Review the data tape and confirm that the remaining principal balance is more than or equal to $250 but less than or equal to $150,000.
D. Review the data tape and confirm that the annual percentage rate is not more than 20 percent.
E. Review the data tape and confirm that the next payment due date was not more than 30 days from the Cutoff Date.
F. Confirm the following:
i. The Contract was completed on a US State or Territory automobile contract form.
ii. An “Applicable Law” disclosure is present confirming the contract is governed by Federal and State law.
iii. The test for Compliance with Law representation was passed.
G. Review the Contract and confirm that the Obligor’s billing address is located within the United States or within a United States territory.
H. Review the Contract and confirm that the payment schedule details are reported in US dollars.
I. Review the Contract and confirm that the contract is assignable without the consent or notice of the Obligor.
J. Confirm a Truth in Lending statement appears on the Contract.
K. Review the data tape and to confirm that no automobile was held in repossession inventory as of the Cutoff Date.
L. Review the data tape and to confirm that no Obligor was involved in active bankruptcy as of the Cutoff Date.
M. Review the Contract and confirm that the Obligor is not reported as the United States of America or any State, agency, department or subdivision of the government.
N. If steps A through M are confirmed, then Test Pass.
Appears in 7 contracts
Samples: Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2021-3), Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2021-3), Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2021-1)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 72 months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 72 months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,00085,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of at least 1% and not more than 2033%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) Each No funds had been advanced by AmeriCredit, any Originating Affiliate, any Dealer, or anyone acting on behalf of any of them in order to cause any Receivable arose to qualify under a Contract that is governed by the laws of the United States or any State thereofclause (E) above.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable, is a natural person and is not an Affiliate of any party to the Basic Documents.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable is identified on the Servicer’s master servicing records as a retail automobile installment sales contract.
(J) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(JK) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder, and, in the event such Contract is an installment sales contract, delivery of the Financed Vehicle to the related Obligor has occurred.
(KL) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(LM) The Servicer’s records do not indicate that any No Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 5 contracts
Samples: Sale and Servicing Agreement (AFS SenSub Corp.), Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2015-4), Sale and Servicing Agreement (AFS SenSub Corp.)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 84 months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 84 months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of not more than 20%.
(E) No Receivable was more than thirty (30) days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 5 contracts
Samples: Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2021-3), Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2021-2), Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2021-1)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,00085,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of at least 1% and not more than 2033%.
(E) No Receivable was more than thirty (30) days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof. Data Tape Receivable File
A. Review the Data Tape and confirm that the remaining maturity date is more than or equal to three (3) months but less than or equal to eighty-four (84) months from the Cutoff Date.
B. Review the Data Tape and confirm that the original maturity date is more than or equal to three (3) months but less than or equal to eighty-four (84) months from the Cutoff Date.
C. Review the Data Tape and confirm that the remaining principal balance is more than or equal to $250 but less than or equal to $85,000.
D. Review the Data Tape and confirm that the annual percentage rate is more than or equal to 1% but less than or equal to 33%.
E. Review the Data Tape and confirm that the next payment due date was not more than 30 days from the Cutoff Date.
F. Confirm the following:
i) The Contract was completed on a U.S. State or territory automobile contract form
ii) An “Applicable Law” disclosure is present confirming the contract is governed by federal and State law
iii) The test for Compliance with Law representation was passed
G. Review the Contract and confirm that the Obligor’s billing address is located within the United States or within a United States territory.
H. Review the Contract and confirm that the payment schedule details are reported in U.S. dollars.
I. Review the Contract and confirm that the contract is assignable without the consent or notice of the Obligor.
J. Confirm a Truth in Lending statement appears on the Contract.
K. Review the Data Tape and to confirm that no automobile was held in repossession inventory as of the Cutoff Date
L. Review the Data Tape and to confirm that no Obligor was involved in active bankruptcy as of the Cutoff Date
M. Review the Contract and confirm that the Obligor is not reported as the United States of America or any State, agency, department or subdivision of the government.
N. If steps (A) through (M) are confirmed, then Test Pass
Appears in 5 contracts
Samples: Asset Representations Review Agreement (AmeriCredit Automobile Receivables Trust 2023-1), Asset Representations Review Agreement (AmeriCredit Automobile Receivables Trust 2023-1), Asset Representations Review Agreement (AmeriCredit Automobile Receivables Trust 2022-2)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 84 months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 84 months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of not more than 20%.
(E) No Receivable was more than thirty (30) days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or in a United States territory Territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 4 contracts
Samples: Sale and Servicing Agreement (GM Financial Consumer Automobile Receivables Trust 2021-3), Sale and Servicing Agreement (GM Financial Consumer Automobile Receivables Trust 2021-2), Sale and Servicing Agreement (GM Financial Consumer Automobile Receivables Trust 2021-1)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 84 months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 84 months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,00085,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of at least 1% and not more than 2033%.
(E) No Receivable was more than thirty (30) days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 4 contracts
Samples: Purchase Agreement (AmeriCredit Automobile Receivables Trust 2021-2), Purchase Agreement (AmeriCredit Automobile Receivables Trust 2021-1), Purchase Agreement (AmeriCredit Automobile Receivables Trust 2020-3)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 84 months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 84 months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,00085,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of at least 1% and not more than 2033%.
(E) No Receivable was more than thirty (30) days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or in a United States territory Territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 4 contracts
Samples: Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2021-2), Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2021-1), Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2020-3)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,000$ .
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of at least 1% and not more than 20%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 4 contracts
Samples: Sale and Servicing Agreement (AFS SenSub Corp.), Purchase Agreement (AFS SenSub Corp.), Purchase Agreement (AFS SenSub Corp.)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,00085,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of at least 1% and not more than 2033%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or in a United States territory Territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2019-3), Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2019-3), Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2019-2)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,00085,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of at least 1% and not more than 2033%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 3 contracts
Samples: Purchase Agreement (AmeriCredit Automobile Receivables Trust 2019-3), Purchase Agreement (AmeriCredit Automobile Receivables Trust 2019-3), Purchase Agreement (AmeriCredit Automobile Receivables Trust 2019-2)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, maturity as of the Cutoff Date, Date of not less than three (3) months and not more than eighty-four (84) 72 months.
(B) Each Receivable had an original maturity, maturity as of the Cutoff Date, Date of not less than three (3) months and not more than eighty-four (84) 72 months.
(C) Each Receivable had a remaining Principal Balance, Balance as of the Cutoff Date, Date of at least $250 and not more than $150,00080,000.
(D) Each Receivable had an Annual Percentage Rate, Rate as of the Cutoff Date, of at least 1% and not more than 2033%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) Each No funds had been advanced by AmeriCredit, any Originating Affiliate, any Dealer, any Third-Party Lender, or anyone acting on behalf of any of them in order to cause any Receivable arose to qualify under a Contract that is governed by the laws of the United States or any State thereofclause (E) above.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable, is a natural person and is not an Affiliate of any party to the Basic Documents.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable is identified on the Servicer’s master servicing records as a retail automobile installment sales contract.
(J) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(JK) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder, and, in the event such Contract is an installment sales contract, delivery of the Financed Vehicle to the related Obligor has occurred.
(KL) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(LM) The Servicer’s records do not indicate that any No Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Americredit Automobile Receivables Trust 2011-4), Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2010-3)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 $ and not more than $150,000$ .
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of at least % and not more than 20%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) No Receivable was a Liquidated Receivable.
(G) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(GH) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(HI) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(IJ) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing this Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(JK) Each Receivable arose under a Contract with respect to which GM Financial Exeter has performed all obligations required to be performed by it thereunder.
(KL) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(LM) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(MN) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Efcar, LLC), Sale and Servicing Agreement (Efcar, LLC)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the [applicable] Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(B) Each Receivable had an original maturity, as of the [applicable] Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(C) Each Receivable had a remaining Principal Balance, as of the [applicable] Cutoff Date, of at least $250 $ and not more than $150,000$ .
(D) Each Receivable had an Annual Percentage Rate, as of the [applicable] Cutoff Date, of not more than 20%.
(E) No Receivable was more than thirty (30) days past due as of the [applicable] Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the [applicable] Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the [applicable] Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Afs Sensub Corp.), Sale and Servicing Agreement (Afs Sensub Corp.)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 84 months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 84 months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,00085,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of at least 1% and not more than 2033%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof. Data Tape Receivable File
A. Review the Data Tape and confirm that the remaining maturity date is more than or equal to three months but less than or equal to 84 months from the Cutoff Date.
B. Review the Data Tape and confirm that the original maturity date is more than or equal to three months but less than or equal to 84 months from the Cutoff Date.
C. Review the Data Tape and confirm that the remaining principal balance is more than or equal to $250 but less than or equal to $85,000.
D. Review the Data Tape and confirm that the annual percentage rate is more than or equal to one percent but less than or equal to 33 percent.
E. Review the Data Tape and confirm that the next payment due date was not more than 30 days from the Cutoff Date.
F. Confirm the following:
i) The Contract was completed on a US State or Territory automobile contract form
ii) An “Applicable Law” disclosure is present confirming the contract is governed by Federal and State law
iii) The test for Compliance with Law representation was passed
G. Review the Contract and confirm that the Obligor’s billing address is located within the United States.
H. Review the Contract and confirm that the payment schedule details are reported in US dollars.
I. Review the Contract and confirm that the contract is assignable without the consent or notice of the Obligor.
J. Confirm a Truth in Lending statement appears on the Contract.
K. Review the Data Tape and to confirm that no automobile was held in repossession inventory as of the Cutoff Date
L. Review the Data Tape and to confirm that no Obligor was involved in active bankruptcy as of the Cutoff Date
M. Review the Contract and confirm that the Obligor is not reported as the United States of America or any State, agency, department or subdivision of the government.
N. If steps (A) through (M) are confirmed, then Test Pass
Appears in 2 contracts
Samples: Asset Representations Review Agreement (AmeriCredit Automobile Receivables Trust 2021-1), Asset Representations Review Agreement (AmeriCredit Automobile Receivables Trust 2021-1)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,00085,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of at least 1% and not more than 2033%.
(E) No Receivable was more than thirty (30) days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof. Data Tape Receivable File
A. Review the Data Tape and confirm that the remaining maturity date is more than or equal to three (3) months but less than or equal to eighty-four (84) months from the Cutoff Date.
B. Review the Data Tape and confirm that the original maturity date is more than or equal to three (3) months but less than or equal to eighty-four (84) months from the Cutoff Date.
C. Review the Data Tape and confirm that the remaining principal balance is more than or equal to $250 but less than or equal to $85,000.
D. Review the Data Tape and confirm that the annual percentage rate is more than or equal to 1% but less than or equal to 33%.
E. Review the Data Tape and confirm that the next payment due date was not more than 30 days from the Cutoff Date.
F. Confirm the following:
i) The Contract was completed on a U.S. State or territory automobile contract form
ii) An “Applicable Law” disclosure is present confirming the contract is governed by federal and State law
iii) The test for Compliance with Law representation was passed
G. Review the Contract and confirm that the Obligor’s billing address is located within the United States or within a United States territory.
H. Review the Contract and confirm that the payment schedule details are reported in U.S. dollars.
I. Review the Contract and confirm that the contract is assignable without the consent or notice of the Obligor.
J. Confirm a Truth in Lending statement appears on the Contract.
K. Review the Data Tape and to confirm that no automobile was held in repossession inventory as of the Cutoff Date
L. Review the Data Tape and to confirm that no Obligor was involved in active bankruptcy as of the Cutoff Date
M. Review the Contract and confirm that the Obligor is not reported as the United States of America or any State, agency, department or subdivision of the government.
N. If steps (A) through (M) are confirmed, then Test Pass
Appears in 2 contracts
Samples: Asset Representations Review Agreement (AmeriCredit Automobile Receivables Trust 2024-1), Asset Representations Review Agreement (AmeriCredit Automobile Receivables Trust 2024-1)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,00085,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of at least 1% and not more than 2033%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof. Data Tape Receivable File
A. Review the Data Tape and confirm that the remaining maturity date is more than or equal to three months but less than or equal to 75 months from the Cutoff Date.
B. Review the Data Tape and confirm that the original maturity date is more than or equal to three months but less than or equal to 75 months from the Cutoff Date.
C. Review the Data Tape and confirm that the remaining principal balance is more than or equal to $250 but less than or equal to $85,000.
D. Review the Data Tape and confirm that the annual percentage rate is more than or equal to one percent but less than or equal to 33 percent.
E. Review the Data tape and confirm that the next payment due date was not more than 30 days from the Cutoff Date.
F. Confirm the following:
i) The Contract was completed on a US State or Territory automobile contract form
ii) An “Applicable Law” disclosure is present confirming the contract is governed by Federal and State law
iii) The test for Compliance with Law representation was passed
iv) If (i), (ii) and (iii) are confirmed, then then Test Pass
G. Review the Contract and confirm that the Obligor’s billing address is located within the United States.
H. Review the Contract and confirm that the payment schedule details are reported in US dollars.
I. Review the Contract and confirm that the contract is assignable without the consent or notice of the Obligor.
J. Confirm a Truth in Lending statement appears on the Contract.
K. Review the Data tape and to confirm that no automobile was held in repossession inventory as of the Cutoff Date
L. Review the Data tape and to confirm that no Obligor was involved in active bankruptcy as of the Cutoff Date
M. Review the Contract and confirm that the Obligor is not reported as the United States of America or any State, agency, department or subdivision of the government.
N. If the test for sections A through M above are all confirmed, then Test Pass
Appears in 2 contracts
Samples: Asset Representations Review Agreement (AFS SenSub Corp.), Asset Representations Review Agreement (AFS SenSub Corp.)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, maturity as of the Cutoff Date, Date of not less than three (3) months and not more than eighty-four (84) 72 months.
(B) Each Receivable had an original maturity, maturity as of the Cutoff Date, Date of not less than three (3) months and not more than eighty-four (84) 72 months.
(C) Each Receivable had a remaining Principal Balance, Balance as of the Cutoff Date, Date of at least $250 and not more than $150,00080,000.
(D) Each Receivable had an Annual Percentage Rate, Rate as of the Cutoff Date, of at least 1% and not more than 2033%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) Each No funds had been advanced by AmeriCredit, any Originating Affiliate, any Dealer, any Third-Party Lender, or anyone acting on behalf of any of them in order to cause any Receivable arose to qualify under a Contract that is governed by the laws of the United States or any State thereofclause (E) above.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable, is a natural person and is not an Affiliate of any party to the Basic Documents.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable is identified on the Servicer’s master servicing records as a retail automobile installment sales contract.
(J) Each Receivable arose under a Contract that which is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(JK) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder, and, in the event such Contract is an installment sales contract, delivery of the Financed Vehicle to the related Obligor has occurred.
(KL) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(LM) The Servicer’s records do not indicate that any No Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2008-1), Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2008-2)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,00085,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of at least 1% and not more than 2033%.
(E) No Receivable was more than thirty (30) days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof. Data Tape Receivable File
A. Review the Data Tape and confirm that the remaining maturity date is more than or equal to three (3) months but less than or equal to eighty-four (84) months from the Cutoff Date.
B. Review the Data Tape and confirm that the original maturity date is more than or equal to three (3) months but less than or equal to eighty-four (84) months from the Cutoff Date.
C. Review the Data Tape and confirm that the remaining principal balance is more than or equal to $250 but less than or equal to $85,000.
D. Review the Data Tape and confirm that the annual percentage rate is more than or equal to 1% but less than or equal to 33%.
E. Review the Data Tape and confirm that the next payment due date was not more than 30 days from the Cutoff Date.
F. Confirm the following:
i) The Contract was completed on a U.S. State or territory automobile contract form
ii) An “Applicable Law” disclosure is present confirming the contract is governed by federal and State law
iii) The test for Compliance with Law representation was passed
G. Review the Contract and confirm that the Obligor’s billing address is located within the United States.
H. Review the Contract and confirm that the payment schedule details are reported in U.S. dollars.
I. Review the Contract and confirm that the contract is assignable without the consent or notice of the Obligor.
J. Confirm a Truth in Lending statement appears on the Contract.
K. Review the Data Tape and to confirm that no automobile was held in repossession inventory as of the Cutoff Date
L. Review the Data Tape and to confirm that no Obligor was involved in active bankruptcy as of the Cutoff Date
M. Review the Contract and confirm that the Obligor is not reported as the United States of America or any State, agency, department or subdivision of the government.
N. If steps (A) through (M) are confirmed, then Test Pass
Appears in 2 contracts
Samples: Asset Representations Review Agreement (AmeriCredit Automobile Receivables Trust 2021-3), Asset Representations Review Agreement (AmeriCredit Automobile Receivables Trust 2021-3)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the [applicable] Cutoff Date, of not less than three (3) months and not more than eighty-four (84( ) months.
(B) Each Receivable had an original maturity, as of the [applicable] Cutoff Date, of not less than three (3) months and not more than eighty-four (84( ) months.
(C) Each Receivable had a remaining Principal Balance, as of the [applicable] Cutoff Date, of at least $250 and not more than $150,000$ .
(D) Each Receivable had an Annual Percentage Rate, as of the [applicable] Cutoff Date, of at least 1% and not more than 20%.
(E) No Receivable was more than thirty (30) days past due as of the [applicable] Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or in a United States Stated territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the [applicable] Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the [applicable] Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Afs Sensub Corp.), Sale and Servicing Agreement (Afs Sensub Corp.)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the [applicable] Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) months.
(B) Each Receivable had an original maturity, as of the [applicable] Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) months.
(C) Each Receivable had a remaining Principal Balance, as of the [applicable] Cutoff Date, of at least $250 and not more than $150,000$ .
(D) Each Receivable had an Annual Percentage Rate, as of the [applicable] Cutoff Date, of at least 1% and not more than 20%.
(E) No Receivable was more than thirty (30) 30 days past due as of the [applicable] Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the [applicable] Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the [applicable] Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (AFS SenSub Corp.), Purchase Agreement (AFS SenSub Corp.)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of not more than 20%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof. Data Tape Receivable File
A. Review the data tape and confirm that the remaining maturity date is more than or equal to 3 months but less than or equal to 75 months from the Cutoff Date.
B. Review the data tape and confirm that the original maturity date is more than or equal to 3 months but less than or equal to 75 months from the Cutoff Date.
C. Review the data tape and confirm that the remaining principal balance is more than or equal to $250 but less than or equal to $150,000.
D. Review the data tape and confirm that the annual percentage rate is not more than 20 percent.
E. Review the data tape and confirm that the next payment due date was not more than 30 days from the Cutoff Date.
F. Confirm the following:
i. The Contract was completed on a US State or Territory automobile contract form.
ii. An “Applicable Law” disclosure is present confirming the contract is governed by Federal and State law.
iii. The test for Compliance with Law representation was passed.
G. Review the Contract and confirm that the Obligor’s billing address is located within the United States.
H. Review the Contract and confirm that the payment schedule details are reported in US dollars.
I. Review the Contract and confirm that the contract is assignable without the consent or notice of the Obligor.
J. Confirm a Truth in Lending statement appears on the Contract.
K. Review the data tape and to confirm that no automobile was held in repossession inventory as of the Cutoff Date.
L. Review the data tape and to confirm that no Obligor was involved in active bankruptcy as of the Cutoff Date.
M. Review the Contract and confirm that the Obligor is not reported as the United States of America or any State, agency, department or subdivision of the government.
N. If steps A through M are confirmed, then Test Pass.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (AFS SenSub Corp.), Asset Representations Review Agreement (AFS SenSub Corp.)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of not more than 20%.
(E) No Receivable was more than thirty (30) days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or in a United States territory Territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (GM Financial Consumer Automobile Receivables Trust 2020-3), Sale and Servicing Agreement (GM Financial Consumer Automobile Receivables Trust 2020-2)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,00085,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of at least 1% and not more than 2033%.
(E) No Receivable was more than thirty (30) days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or in a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 1 contract
Samples: Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2021-3)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 $ and not more than $150,000$ .
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of at least % and not more than 20%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) No Receivable was a Liquidated Receivable.
(G) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(GH) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(HI) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(IJ) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(JK) Each Receivable arose under a Contract with respect to which GM Financial Exeter has performed all obligations required to be performed by it thereunder.
(KL) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(LM) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(MN) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 1 contract
Samples: Purchase Agreement (Efcar, LLC)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of not more than 20%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 1 contract
Samples: Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2020-1)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the [applicable] Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(B) Each Receivable had an original maturity, as of the [applicable] Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(C) Each Receivable had a remaining Principal Balance, as of the [applicable] Cutoff Date, of at least $250 and not more than $150,000$ .
(D) Each Receivable had an Annual Percentage Rate, as of the [applicable] Cutoff Date, of at least 1% and not more than 20%.
(E) No Receivable was more than thirty (30) days past due as of the [applicable] Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the [applicable] Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the [applicable] Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 1 contract
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, maturity as of the Cutoff Date, Date of not less than three (3) months and not more than eighty-four (84) 72 months.
(B) Each Receivable had an original maturity, maturity as of the Cutoff Date, Date of not less than three (3) months and not more than eighty-four (84) 72 months.. Table of Contents
(C) Each Receivable had a remaining Principal Balance, Balance as of the Cutoff Date, Date of at least $250 and not more than $150,00080,000.
(D) Each Receivable had an Annual Percentage Rate, Rate as of the Cutoff Date, of at least 1% and not more than 2033%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) Each No funds had been advanced by AmeriCredit, any Originating Affiliate, any Dealer, any Third-Party Lender, or anyone acting on behalf of any of them in order to cause any Receivable arose to qualify under a Contract that is governed by the laws of the United States or any State thereofclause (E) above.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable, is a natural person and is not an Affiliate of any party to the Basic Documents.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable is identified on the Servicer’s master servicing records as a retail automobile installment sales contract.
(J) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(JK) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder, and, in the event such Contract is an installment sales contract, delivery of the Financed Vehicle to the related Obligor has occurred.
(KL) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(LM) The Servicer’s records do not indicate that any No Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Americredit Automobile Receivables Trust 2011-4)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the [applicable] Cutoff Date, of not less than three (3) __ months and not more than eighty-four (84) __ months.
(B) Each Receivable had an original maturity, as of the [applicable] Cutoff Date, of not less than three (3) __ months and not more than eighty-four (84) __ months.
(C) Each Receivable had a remaining Principal Balance, as of the [applicable] Cutoff Date, of at least $250 and not more than $150,000_____.
(D) Each Receivable had an Annual Percentage Rate, as of the [applicable] Cutoff Date, of not more than 20__%.
(E) No Receivable was more than thirty (30) 30 days past due as of the [applicable] Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the [applicable] Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the [applicable] Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof. Data Tape Receivable File
A. Review the data tape and confirm that the remaining maturity date is more than or equal to __ months but less than or equal to __ months from the [applicable] Cutoff Date.
B. Review the data tape and confirm that the original maturity date is more than or equal to __ months but less than or equal to __ months from the [applicable] Cutoff Date.
C. Review the data tape and confirm that the remaining principal balance is more than [or equal to] $250 but less than or equal to $_____.
D. Review the data tape and confirm that the annual percentage rate is not more than or equal to __ percent.
E. Review the data tape and confirm that the next payment due date was not more than 30 days from the [applicable] Cutoff Date.
F. Confirm the following:
i. The Contract was completed on a US State or Territory automobile contract form.
ii. An “Applicable Law” disclosure is present confirming the contract is governed by Federal and State law.
iii. The test for Compliance with Law representation was passed.
G. Review the Contract and confirm that the Obligor’s billing address is located within the United States or within a United States territory.
H. Review the Contract and confirm that the payment schedule details are reported in US dollars.
I. Review the Contract and confirm that the contract is assignable without the consent or notice of the Obligor.
J. Confirm a Truth in Lending statement appears on the Contract.
K. Review the data tape and to confirm that no automobile was held in repossession inventory as of the [applicable] Cutoff Date.
L. Review the data tape and to confirm that no Obligor was involved in active bankruptcy as of the [applicable] Cutoff Date.
M. Review the Contract and confirm that the Obligor is not reported as the United States of America or any State, agency, department or subdivision of the government.
N. If steps A through M are confirmed, then Test Pass.
Appears in 1 contract
Samples: Asset Representations Review Agreement (Afs Sensub Corp.)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, maturity as of the Cutoff Date, Date of not less than three (3) months and not more than eighty-four (84) 72 months.
(B) Each Receivable had an original maturity, maturity as of the Cutoff Date, Date of not less than three (3) months and not more than eighty-four (84) 72 months.
(C) Each Receivable had a remaining Principal Balance, Balance as of the Cutoff Date, Date of at least $250 and not more than $150,00080,000.
(D) Each Receivable had an Annual Percentage Rate, Rate as of the Cutoff Date, of at least 1% and not more than 2033%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) Each No funds had been advanced by AmeriCredit, any Originating Affiliate, any Dealer, any Third-Party Lender, or anyone acting on behalf of any of them in order to cause any Receivable arose to qualify under a Contract that is governed by the laws of the United States or any State thereofclause (E) above.
(G) Not more than 35% of the Obligors on the Receivables as of the Cutoff Date resided in Texas and California (based on the Obligor’s mailing address as of the Cutoff Date).
(H) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable, is a natural person and is not an Affiliate of any party to the Basic Documents.
(HI) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(IJ) Each Receivable is identified on the Servicer’s master servicing records as a retail automobile installment sales contract.
(K) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(JL) Each Receivable arose under a Contract with that respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder, and, in the event such Contract is an installment sales contract, delivery of the Financed Vehicle to the related Obligor has occurred.
(KM) Not more than 2% of all Receivables (calculated by Aggregate Principal Balance) which have been transferred to the Issuer shall be “electronic chattel paper”, as such term is defined in the UCC.
(N) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(LO) The Servicer’s records do not indicate that any No Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 1 contract
Samples: Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2010-A)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the [applicable] Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(B) Each Receivable had an original maturity, as of the [applicable] Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(C) Each Receivable had a remaining Principal Balance, as of the [applicable] Cutoff Date, of at least $250 and not more than $150,000$ .
(D) Each Receivable had an Annual Percentage Rate, as of the [applicable] Cutoff Date, of not more than 20%.
(E) No Receivable was more than thirty (30) days past due as of the [applicable] Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the [applicable] Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the [applicable] Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 1 contract
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the [applicable] Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) months.
(B) Each Receivable had an original maturity, as of the [applicable] Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) months.
(C) Each Receivable had a remaining Principal Balance, as of the [applicable] Cutoff Date, of at least $250 and not more than $150,000$ .
(D) Each Receivable had an Annual Percentage Rate, as of the [applicable] Cutoff Date, of at least 1% and not more than 20%.
(E) No Receivable was more than thirty (30) 30 days past due as of the [applicable] Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the [applicable] Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the [applicable] Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof. Data Tape Receivable File
A. Review the Data Tape and confirm that the remaining maturity date is more than or equal to three months but less than or equal to months from the [applicable] Cutoff Date.
B. Review the Data Tape and confirm that the original maturity date is more than or equal to three months but less than or equal to months from the [applicable] Cutoff Date.
C. Review the Data Tape and confirm that the remaining principal balance is more than or equal to $250 but less than or equal to $ .
D. Review the Data Tape and confirm that the annual percentage rate is more than or equal to one percent but less than or equal to percent.
E. Review the Data Tape and confirm that the next payment due date was not more than 30 days from the [applicable] Cutoff Date.
F. Confirm the following:
i) The Contract was completed on a US State or Territory automobile contract form
ii) An “Applicable Law” disclosure is present confirming the contract is governed by Federal and State law
iii) The test for Compliance with Law representation was passed
G. Review the Contract and confirm that the Obligor’s billing address is located within the United States.
H. Review the Contract and confirm that the payment schedule details are reported in US dollars.
I. Review the Contract and confirm that the contract is assignable without the consent or notice of the Obligor.
J. Confirm a Truth in Lending statement appears on the Contract.
K. Review the Data Tape and to confirm that no automobile was held in repossession inventory as of the [applicable] Cutoff Date
L. Review the Data Tape and to confirm that no Obligor was involved in active bankruptcy as of the [applicable] Cutoff Date
M. Review the Contract and confirm that the Obligor is not reported as the United States of America or any State, agency, department or subdivision of the government.
N. If steps A through M are confirmed, then Test Pass
Appears in 1 contract
Samples: Asset Representations Review Agreement (AFS SenSub Corp.)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, maturity as of the Cutoff Date, of not less than three (3) months and not more than eighty-four (84) 72 months.
(B) Each Receivable had an original maturity, maturity as of the Cutoff Date, Date of not less than three (3) months and not more than eighty-four (84) 72 months.
(C) Each Receivable had a remaining Principal Balance, Balance as of the Cutoff Date, Date of at least $250 and not more than $150,00080,000.
(D) Each Receivable had an Annual Percentage Rate, Rate as of the Cutoff Date, Date or of at least 1% and not more than 2033%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) Each No funds had been advanced by AmeriCredit, any Originating Affiliate, any Dealer, any Third-Party Lender, or anyone acting on behalf of any of them in order to cause any Receivable arose to qualify under a Contract that is governed by the laws of the United States or any State thereofclause (E) above.
(G) Not more than 35% of the Obligors on the Receivables as of the Cutoff Date reside in Texas and California (based on the Obligor’s mailing address as of the Cutoff Date).
(H) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable, is a natural person and is not an Affiliate of any party to the Basic Documents.
(HI) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(IJ) The weighted average Annual Percentage Rate of all Receivables which have been transferred to the Issuer including the Receivables as of the Cutoff Date is not less than 16.50%.
(K) Each Receivable is identified on the Servicer’s master servicing records as a retail automobile installment sales contract.
(L) Each Receivable arose under a Contract that which is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(JM) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder, and, in the event such Contract is an installment sales contract, delivery of the Financed Vehicle to the related Obligor has occurred.
(KN) Not more than 2% of all Receivables (calculated by Aggregate Principal Balance) which have been transferred to the Issuer shall be “electronic chattel paper”, as such term is defined in the UCC.
(O) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(LP) The Servicer’s records do not indicate that any No Obligor was in bankruptcy as of the Cutoff Date.
(MQ) No Obligor Neither the Servicer nor the Seller has selected the Receivables in a manner that either of them believes is adverse to the United States interests of America the Insurer or any State or any agency, department, subdivision or instrumentality thereofthe Noteholders.
Appears in 1 contract
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, maturity as of the Cutoff Date, Date of not less than three (3) months and not more than eighty-four (84) [ ] months.
(B) Each Receivable had an original maturity, maturity as of the Cutoff Date, Date of not less than three (3) months and not more than eighty-four (84) [ ] months.
(C) Each Receivable had a remaining Principal Balance, Balance as of the Cutoff Date, Date of at least $250 [ ] and not more than $150,000[ ].
(D) Each Receivable had an Annual Percentage Rate, Rate as of the Cutoff Date, Date of at least [ ]% and not more than 20[ ]%.
(E) No Receivable was more than thirty (30) [ ] days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed No funds had been advanced by the laws [related] Originator, any Originating Affiliate, any Dealer, any Third-Party Lender, or anyone acting on behalf of the United States or any State thereofof them in order to cause any Receivable to qualify under clause (E) above.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable, is a natural person and is not an Affiliate of any party to the Basic Documents.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable is identified on the Servicer’s master servicing records as an automobile installment sales contract or installment note.
(J) Each Receivable arose under a Contract that which is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(JK) Each Receivable arose under a Contract with respect to which GM Financial the [related] Originator has performed all obligations required to be performed by it thereunder, and, in the event such Contract is an installment sales contract, delivery of the Financed Vehicle to the related Obligor has occurred.
(KL) [Not more than [__]% of all Receivables (calculated by Aggregate Principal Balance) which have been transferred to the Issuer including the Receivables as of the Cutoff Date shall be “electronic chattel paper”, as such term is defined in the UCC.]
(M) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(LN) The Servicer’s records do not indicate that any No Obligor was in bankruptcy as of the Cutoff Date.
(MO) No Obligor Neither the Servicer nor the Seller has selected the Receivables in a manner that either of them believes is adverse to the United States interests of America the Insurer or any State or any agency, department, subdivision or instrumentality thereofthe Noteholders.
Appears in 1 contract
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of not more than 20%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or in a United States territory Territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 1 contract
Samples: Sale and Servicing Agreement (GM Financial Consumer Automobile Receivables Trust 2020-1)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the [applicable] Cutoff Date, of not less than three (3) __ months and not more than eighty-four (84) ___ months.
(B) Each Receivable had an original maturity, as of the [applicable] Cutoff Date, of not less than three (3) __ months and not more than eighty-four (84) ___ months.
(C) Each Receivable had a remaining Principal Balance, as of the [applicable] Cutoff Date, of at least $250 ____ and not more than $150,000______.
(D) Each Receivable had an Annual Percentage Rate, as of the [applicable] Cutoff Date, of not more than 20___%.
(E) No Receivable was more than thirty (30) days past due as of the [applicable] Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or in a United States territory Territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the [applicable] Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the [applicable] Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 1 contract
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the [applicable] Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(B) Each Receivable had an original maturity, as of the [applicable] Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(C) Each Receivable had a remaining Principal Balance, as of the [applicable] Cutoff Date, of at least $250 $ and not more than $150,000$ .
(D) Each Receivable had an Annual Percentage Rate, as of the [applicable] Cutoff Date, of not more than 20%.
(E) No Receivable was more than thirty (30) 30 days past due as of the [applicable] Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the [applicable] Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the [applicable] Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 1 contract
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of not more than 20%.
(E) No Receivable was more than thirty (30) days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or in a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 1 contract
Samples: Sale and Servicing Agreement (GM Financial Consumer Automobile Receivables Trust 2021-4)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,00085,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of at least 1% and not more than 2033%.
(E) No Receivable was more than thirty (30) days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 1 contract
Samples: Purchase Agreement (AmeriCredit Automobile Receivables Trust 2020-1)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of not more than 20%.
(E) No Receivable was more than thirty (30) days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 1 contract
Samples: Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2020-2)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the [applicable] Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(B) Each Receivable had an original maturity, as of the [applicable] Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(C) Each Receivable had a remaining Principal Balance, as of the [applicable] Cutoff Date, of at least $250 and not more than $150,000$ .
(D) Each Receivable had an Annual Percentage Rate, as of the [applicable] Cutoff Date, of not more than 20%.
(E) No Receivable was more than thirty (30) days past due as of the [applicable] Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the [applicable] Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the [applicable] Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.. Data Tape Receivable File
Appears in 1 contract
Samples: Asset Representations Review Agreement (Afs Sensub Corp.)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 72 months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 97 months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,00085,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of at least 1% and not more than 2033%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) Each No funds had been advanced by AmeriCredit, any Originating Affiliate, any Dealer, any Third-Party Lender, or anyone acting on behalf of any of them in order to cause any Receivable arose to qualify under a Contract that is governed by the laws of the United States or any State thereofclause (E) above.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable, is a natural person and is not an Affiliate of any party to the Basic Documents.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable is identified on the Servicer’s master servicing records as a retail automobile installment sales contract.
(J) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(JK) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder, and, in the event such Contract is an installment sales contract, delivery of the Financed Vehicle to the related Obligor has occurred.
(KL) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(LM) The Servicer’s records do not indicate that any No Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 1 contract
Samples: Sale and Servicing Agreement (General Motors Financial Company, Inc.)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, maturity as of the Cutoff Date, Date of not less than three (3) months and not more than eighty-four (84) 72 months.
(B) Each Receivable had an original maturity, maturity as of the Cutoff Date, Date of not less than three (3) months and not more than eighty-four (84) 72 months.
(C) Each Receivable had a remaining Principal Balance, Balance as of the Cutoff Date, Date of at least $250 and not more than $150,00080,000.
(D) Each Receivable had an Annual Percentage Rate, Rate as of the Cutoff Date, of at least 1% and not more than 2033%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) Each No funds had been advanced by AmeriCredit, any Originating Affiliate, any Dealer, any Third-Party Lender, or anyone acting on behalf of any of them in order to cause any Receivable arose to qualify under a Contract that is governed by the laws of the United States or any State thereofclause (E) above.
(G) Not more than 35% of the Obligors on the Receivables as of the Cutoff Date resided in Texas and California (based on the Obligor’s mailing address as of the Cutoff Date).
(H) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable, is a natural person and is not an Affiliate of any party to the Basic Documents.
(HI) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(IJ) Each Receivable is identified on the Servicer’s master servicing records as a retail automobile installment sales contract.
(K) Each Receivable arose under a Contract that which is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(JL) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder, and, in the event such Contract is an installment sales contract, delivery of the Financed Vehicle to the related Obligor has occurred.
(KM) Not more than 2% of all Receivables (calculated by Aggregate Principal Balance) which have been transferred to the Issuer shall be “electronic chattel paper”, as such term is defined in the UCC.
(N) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(LO) The Servicer’s records do not indicate that any No Obligor was in bankruptcy as of the Cutoff Date.
(MP) No Obligor Neither the Servicer nor the Seller has selected the Receivables in a manner that either of them believes is adverse to the United States interests of America the Insurer or any State or any agency, department, subdivision or instrumentality thereofthe Noteholders.
Appears in 1 contract
Samples: Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2008-a-F)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) __ months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) __ months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,000$ .
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of at least 1% and not more than 20__%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.. Data Tape Receivable File
Appears in 1 contract
Samples: Asset Representations Review Agreement (AFS SenSub Corp.)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, maturity as of the Cutoff Date, Date of not less than three (3) months and not more than eighty-four (84) 72 months.
(B) Each Receivable had an original maturity, maturity as of the Cutoff Date, Date of not less than three (3) months and not more than eighty-four (84) 72 months.
(C) Each Receivable had a remaining Principal Balance, Balance as of the Cutoff Date, Date of at least $250 and not more than $150,00080,000.
(D) Each Receivable had an Annual Percentage Rate, Rate as of the Cutoff Date, of at least 1% and not more than 2033%.
(E) No Receivable was more than thirty (30) 30 days past due as of the Cutoff Date.
(F) Each No funds had been advanced by AmeriCredit, any Originating Affiliate, any Dealer, any Third-Party Lender, or anyone acting on behalf of any of them in order to cause any Receivable arose to qualify under a Contract that is governed by the laws of the United States or any State thereofclause (E) above.
(G) Not more than 35% of the Obligors on the Receivables as of the Cutoff Date resided in Texas and California (based on the Obligor’s mailing address as of the Cutoff Date).
(H) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable, is a natural person and is not an Affiliate of any party to the Basic Documents.
(HI) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(IJ) Each Receivable is identified on the Servicer’s master servicing records as a retail automobile installment sales contract.
(K) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(JL) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder, and, in the event such Contract is an installment sales contract, delivery of the Financed Vehicle to the related Obligor has occurred.
(KM) Not more than 2% of all Receivables (calculated by Aggregate Principal Balance) which have been transferred to the Issuer shall be “electronic chattel paper”, as such term is defined in the UCC.
(N) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(LO) The Servicer’s records do not indicate that any No Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 1 contract
Samples: Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2010-B)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the [applicable] Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) months.
(B) Each Receivable had an original maturity, as of the [applicable] Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) months.
(C) Each Receivable had a remaining Principal Balance, as of the [applicable] Cutoff Date, of at least $250 and not more than $150,000$ .
(D) Each Receivable had an Annual Percentage Rate, as of the [applicable] Cutoff Date, of not more than 20%.
(E) No Receivable was more than thirty (30) 30 days past due as of the [applicable] Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the [applicable] Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the [applicable] Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof. Data Tape Receivable File
A. Review the data tape and confirm that the remaining maturity date is more than or equal to three months but less than or equal to months from the [applicable] Cutoff Date.
B. Review the data tape and confirm that the original maturity date is more than or equal to three months but less than or equal to months from the[applicable] Cutoff Date.
C. Review the data tape and confirm that the remaining principal balance is more than or equal to $250 but less than or equal to $ .
D. Review the data tape and confirm that the annual percentage rate is more than or equal to percent.
E. Review the data tape and confirm that the next payment due date was not more than 30 days from the [applicable] Cutoff Date.
F. Confirm the following:
i. The Contract was completed on a US State or Territory automobile contract form.
ii. An “Applicable Law” disclosure is present confirming the contract is governed by Federal and State law.
iii. The test for Compliance with Law representation was passed.
G. Review the Contract and confirm that the Obligor’s billing address is located within the United States.
H. Review the Contract and confirm that the payment schedule details are reported in US dollars.
I. Review the Contract and confirm that the contract is assignable without the consent or notice of the Obligor.
J. Confirm a Truth in Lending statement appears on the Contract.
K. Review the data tape and to confirm that no automobile was held in repossession inventory as of the [applicable] Cutoff Date
L. Review the data tape and to confirm that no Obligor was involved in active bankruptcy as of the [applicable] Cutoff Date
M. Review the Contract and confirm that the Obligor is not reported as the United States of America or any State, agency, department or subdivision of the government.
N. If steps A through M are confirmed, then Test Pass.
Appears in 1 contract
Samples: Asset Representations Review Agreement (AFS SenSub Corp.)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the [applicable] Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(B) Each Receivable had an original maturity, as of the [applicable] Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(C) Each Receivable had a remaining Principal Balance, as of the [applicable] Cutoff Date, of at least $250 and not more than $150,000$ .
(D) Each Receivable had an Annual Percentage Rate, as of the [applicable] Cutoff Date, of at least 1% and not more than 20%.
(E) No Receivable was more than thirty (30) days past due as of the [applicable] Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the [applicable] Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the [applicable] Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof. Data Tape Receivable File
A. [Review the Data Tape and confirm that the remaining maturity date is more than or equal to three (3) months but less than or equal to months from the [applicable] Cutoff Date.
B. Review the Data Tape and confirm that the original maturity date is more than or equal to three (3) months but less than or equal to months from the [applicable] Cutoff Date.
C. Review the Data Tape and confirm that the remaining principal balance is more than [or equal to] $250 but less than or equal to $ .
D. Review the Data Tape and confirm that the annual percentage rate is more than or equal to 1% but less than or equal to %.
E. Review the Data Tape and confirm that the next payment due date was not more than 30 days from the [applicable] Cutoff Date.
F. Confirm the following:
i) The Contract was completed on a U.S. State or territory automobile contract form.
ii) An “Applicable Law” disclosure is present confirming the contract is governed by federal and State law.
iii) The test for Compliance with Law representation was passed
G. Review the Contract and confirm that the Obligor’s billing address is located within the United States or within a United States territory.
H. Review the Contract and confirm that the payment schedule details are reported in U.S. dollars.
I. Review the Contract and confirm that the contract is assignable without the consent or notice of the Obligor.
J. Confirm a Truth in Lending statement appears on the Contract.
K. Review the Data Tape and to confirm that no automobile was held in repossession inventory as of the [applicable] Cutoff Date.
L. Review the Data Tape and to confirm that no Obligor was involved in active bankruptcy as of the [applicable] Cutoff Date.
M. Review the Contract and confirm that the Obligor is not reported as the United States of America or any State, agency, department or subdivision of the government.
N. If steps (A) through (M) are confirmed, then Test Pass.]
Appears in 1 contract
Samples: Asset Representations Review Agreement (Afs Sensub Corp.)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) 3 months and not more than eighty-four (84) 75 months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 and not more than $150,00085,000.
(D) Each Receivable had an Annual Percentage Rate, as of the Cutoff Date, of at least 1% and not more than 2033%.
(E) No Receivable was more than thirty (30) days past due as of the Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or in a United States territory Territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 1 contract
Samples: Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2020-1)
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than three (3) [ ] months and not more than eighty-four (84) [ ] months.
(B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than three (3) [ ] months and not more than eighty-four (84) [ ] months.
(C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least $250 [ ] and not more than $150,000[ ].
(D) Each Receivable had an Annual Percentage Rate, Rate as of the Cutoff Date, Date of at least [ ]% and not more than 20[ ]%.
(E) No Receivable was more than thirty (30) [ ] days past due as of the Cutoff Date.
(F) Each No funds had been advanced by AmeriCredit, any Originating Affiliate, any Dealer, any Third-Party Lender, or anyone acting on behalf of any of them in order to cause any Receivable arose to qualify under a Contract that is governed by the laws of the United States or any State thereofclause (E) above.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable, is a natural person and is not an Affiliate of any party to the Basic Documents.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable is identified on the Servicer’s master servicing records as a retail automobile installment sales contract.
(J) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(JK) Each Receivable arose under a Contract with respect to which GM Financial AmeriCredit has performed all obligations required to be performed by it thereunder, and, in the event such Contract is an installment sales contract, delivery of the Financed Vehicle to the related Obligor has occurred.
(KL) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.
(LM) The Servicer’s records do not indicate that any No Obligor was in bankruptcy as of the Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 1 contract
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the [applicable] Cutoff Date, of not less than three (3) __ months and not more than eighty-four (84) __ months.
(B) Each Receivable had an original maturity, as of the [applicable] Cutoff Date, of not less than three (3) __ months and not more than eighty-four (84) __ months.
(C) Each Receivable had a remaining Principal Balance, as of the [applicable] Cutoff Date, of at least $250 and not more than $150,000____.
(D) Each Receivable had an Annual Percentage Rate, as of the [applicable] Cutoff Date, of not more than 20__%.
(E) No Receivable was more than thirty (30) days past due as of the [applicable] Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the [applicable] Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the [applicable] Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
Appears in 1 contract
Certain Characteristics of the Receivables. (A) Each Receivable had a remaining maturity, as of the [applicable] Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(B) Each Receivable had an original maturity, as of the [applicable] Cutoff Date, of not less than three (3) months and not more than eighty-four (84) months.
(C) Each Receivable had a remaining Principal Balance, as of the [applicable] Cutoff Date, of at least $250 and not more than $150,000$ .
(D) Each Receivable had an Annual Percentage Rate, as of the [applicable] Cutoff Date, of not more than 20%.
(E) No Receivable was more than thirty (30) 30 days past due as of the [applicable] Cutoff Date.
(F) Each Receivable arose under a Contract that is governed by the laws of the United States or any State thereof.
(G) Each Obligor had a billing address in the United States or a United States territory as of the date of origination of the related Receivable.
(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.
(I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer.
(J) Each Receivable arose under a Contract with respect to which GM Financial has performed all obligations required to be performed by it thereunder.
(K) No automobile related to a Receivable was held in repossession inventory as of the [applicable] Cutoff Date.
(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the [applicable] Cutoff Date.
(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
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