Consumer Leases Sample Clauses

Consumer Leases. No Receivable constitutes a “consumer lease” under either (a) the UCC as in effect in the jurisdiction the law of which governs the Receivable or (b) the Consumer Leasing Act, 15 USC 1667.

Consumer Leases. No Receivable in the pool constitutes a “consumer lease” under either (a) the UCC as in effect in the jurisdiction the law of which governs the Receivable or (b) the Consumer Leasing Act, 15 U.S.C. § 1667.

Consumer Leases. No Receivable in the pool constitutes a “consumer lease” under either (a) the UCC as in effect in the jurisdiction the law of which governs the Receivable or (b) the Consumer Leasing Act, 15 USC 1667. AmeriCredit mails each customer a monthly billing statement 16 to 20 days before payment is due. A. All accounts are issued to the Computer Assisted Collection System (CACS) as early as 5 days delinquent or at such other dates of delinquency as determined by historical payment patterns of the account. B. The CACS segregates accounts into two major groups: loans 5-45 days delinquent and those over 45 days delinquent. C. Loans delinquent up to 45 days are then further segregated into two groups: accounts that can be called on the automated dialer and accounts that are called manually. D. Loans up to 45 days delinquent that can be called on the automated dialer are routed through AmeriCredit’s dialing system. The system automatically dials the phone number related to a delinquent account and transfers it to the next available account representative. E. Loans without good phone numbers are called manually, through the CACS system, or in a preview dialer campaign. F. All reasonable collection efforts are made in an attempt to prevent these accounts from becoming 30+ days delinquent. G. When an account reaches anywhere between 31 and 41 days delinquent, a representative determines if any default notification is required based on state regulations. H. When an account exceeds 45 days delinquent, the loan is assigned to a 46+ collection team which will continue the collection effort until resolution. If the account cannot be resolved through normal collection efforts (i.e., satisfactory payment arrangements) then the account may be submitted for repossession approval. An officer must approve all repossession requests. I. CACS allows each collector to accurately document and update each customer file when contact (verbal or written) is made. If repossession of the collateral occurs, the following steps are taken: A. Proper authorities are notified (if applicable). B. An inventory of all personal property is taken and a condition report is prepared on the vehicle. C. Written notification, as required by state law, is sent to the customer(s) stating their rights of redemption or reinstatement along with information on how to obtain any personal property that was in the vehicle at the time of repossession. D. Written request to the originating dealer for all refunds due f...

Consumer Leases. No Receivable in the pool constitutes a “consumer lease” under either (a) the UCC as in effect in the jurisdiction the law of which governs the Receivable or (b) the Consumer Leasing Act, 15 USC 1667. Class A-1 % Asset Backed Notes Class A-2A % Asset Backed Notes Class A-2B Floating Rate Asset Backed Notes Class A-3 % Asset Backed Notes Class A-4 % Asset Backed Notes Class B % Asset Backed Notes Class C % Asset Backed Notes Class D % Asset Backed Notes This Servicer’s Certificate has been prepared pursuant to Section 4.9 of the Sale and Servicing Agreement among GM Financial Consumer Automobile Receivables Trust 2018-1, as Issuer, GM Financial, as Servicer, AFS SenSub Corp., as Seller, and Xxxxx Fargo Bank, N.A., as the Trust Collateral Agent, dated as of . Defined terms have the meanings assigned to them in the Sale and Servicing Agreement or in other Transaction Documents. {1} Beginning of period Aggregate Principal Balance {1} Monthly Principal Amounts {2} Collections on Receivables outstanding at end of period {2} {3} Collections on Receivables paid off during period {3} {4} Receivables becoming Liquidated Receivables during period {4} {5} Receivables becoming Purchased Receivables during period {5} {6} Other Receivables adjustments {6} {7} Total Monthly Principal Amounts {7} {8} End of period Aggregate Principal Balance {8} {9} Pool Factor {9} {10} Beginning of period Aggregate Principal Balance {10} {11} Beginning of period Yield Supplement Overcollateralization Amount {11} {12} Beginning of period Aggregate Adjusted Principal Balance {12} {13} End of period Aggregate Principal Balance {13} {14} End of period Yield Supplement Overcollateralization Amount {14} {15} End of period Aggregate Adjusted Principal Balance {15} {16} Reduction in Aggregate Adjusted Principal Balance {16} {17} Original Note Balance {17} {18} Beginning of period Note Balance {18} {19} Priority Principal Amount {19} {20} Noteholder’s Principal Distributable Amount {20} {21} End of period Note Balance {21} {22} Note Pool Factors {22} {23} Beginning of period Note Balance {23} {24} Priority Principal Amount {24} {25} Noteholder’s Principal Distributable Amount {25} {26} End of period Note Balance {26} {27} Note Pool Factors {27} {28} Class A - 1 {29} Class A - 2A {30} Class A - 2B {31} Class A - 3 {32} Class A - 4 {33} Class B {34} Class C {35} Class D

Consumer Leases. No Receivable in the pool constitutes a “consumer lease” under either (a) the UCC as in effect in the jurisdiction the law of which governs the Receivable or (b) the Consumer Leasing Act, 15 USC 1667. [Transfer No. of Subsequent Receivables, dated as of , 20 , pursuant to a Purchase Agreement (the “Purchase Agreement”) dated as of , 20 , between AMERICREDIT FINANCIAL SERVICES, INC., a Delaware corporation (the “Seller”), and AFS SENSUB CORP., a Nevada corporation (the “Purchaser”).

Consumer Leases. No Receivable in the pool constitutes a “consumer lease” under either (a) the UCC as in effect in the jurisdiction the law of which governs the Receivable or (b) the Consumer Leasing Act, 15 U.S.C. § 1667. [Transfer No. of Subsequent Receivables, dated as of , 20 , pursuant to a Sale and Servicing Agreement (the “Sale and Servicing Agreement”) dated as of , 20 , among GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST 20__-_, a Delaware statutory trust (the “Purchaser”), AFS SENSUB CORP., a Nevada corporation (the “Seller”), AMERICREDIT FINANCIAL SERVICES, INC. D/B/A GM FINANCIAL, a Delaware corporation (the “Servicer”), and [TRUST COLLATERAL AGENT], a [entity type], in its capacity as Trust Collateral Agent.

Consumer Leases. No Receivable in the pool constitutes a “consumer lease” under either (a) the UCC as in effect in the jurisdiction the law of which governs the Receivable or (b) the Consumer Leasing Act, 15 USC 1667. [Transfer No. _________ of Subsequent Receivables, dated as of _______________, 20__, pursuant to a Purchase Agreement (the “Purchase Agreement”) dated as of __________, 20__, between AMERICREDIT FINANCIAL SERVICES, INC. D/B/A GM FINANCIAL, a Delaware corporation (the “Seller”), and AFS SENSUB CORP., a Nevada corporation (the “Purchaser”).

Consumer Leases. No Receivable in the pool constitutes a “consumer lease” under either (a) the UCC as in effect in the jurisdiction the law of which governs the Receivable or (b) the Consumer Leasing Act, 15 USC 1667. [Transfer No. of Subsequent Receivables, dated as of , 20 , pursuant to a Sale and Servicing Agreement (the “Sale and Servicing Agreement”) dated as of , 20 , among AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 20 - , a Delaware statutory trust (the “Purchaser”), AFS SENSUB CORP., a Nevada corporation (the “Seller”), AMERICREDIT FINANCIAL SERVICES, INC., a Delaware corporation (the “Servicer”), and [TRUST COLLATERAL AGENT], a [entity type], in its capacity as Trust Collateral Agent.

Consumer Leases. No Receivable in the pool constitutes a “consumer lease” under either (a) the UCC as in effect in the jurisdiction the law of which governs the Receivable or (b) the Consumer Leasing Act, 15 USC 1667. Class A-1 % Asset Backed Notes Class A-2A % Asset Backed Notes Class A-2B Floating Rate Asset Backed Notes Class A-3 % Asset Backed Notes Class A-4 % Asset Backed Notes Class B % Asset Backed Notes Class C % Asset Backed Notes Class D % Asset Backed Notes This Servicer’s Certificate has been prepared pursuant to Section 4.9 of the Sale and Servicing Agreement among GM Financial Consumer Automobile Receivables Trust 2018-2, as Issuer, GM Financial, as Servicer, AFS SenSub Corp., as Seller, and Xxxxx Fargo Bank, N.A., as the Trust Collateral Agent, dated as of , . Defined terms have the meanings assigned to them in the Sale and Servicing Agreement or in other Transaction Documents.

Consumer Leases. No Receivable in the pool constitutes a “consumer lease” under either (a) the UCC as in effect in the jurisdiction the law of which governs the Receivable or (b) the Consumer Leasing Act, 15 USC 1667. [Transfer No. of Subsequent Receivables, dated as of , 20 , pursuant to a Purchase Agreement (the “Purchase Agreement”) dated as of , 20 , between Exeter Finance Corp., a Texas corporation (the “Seller”), and EFCAR, LLC, a Delaware limited liability company (the “Purchaser”).