Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 of the Sale and Servicing Agreement, provide prompt written notice upon the discovery of any breach of the Seller’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial and the Seller, a notice in substantially the form of Exhibit C, or any other form agreed upon between the Owner Trustee and the Seller, which shall be deemed acceptable to the Seller unless the Seller notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable pursuant to Section 5.1 of the Purchase Agreement or Section 3.2 of the Sale and Servicing Agreement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial or the Seller, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB. (b) In no event will the Owner Trustee or the Trust have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase of any Receivable pursuant to Section 5.1 of the Purchase Agreement or Section 3.2 of the Sale and Servicing Agreement.
Appears in 40 contracts
Samples: Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2024-4), Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2024-4), Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2024-3)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 of the Sale and Servicing Agreement, provide prompt written notice upon the discovery of any breach of the Seller’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial AmeriCredit and the Seller, a notice in substantially the form of Exhibit C, or any other form agreed upon between the Owner Trustee and the Seller, which shall be deemed acceptable to the Seller unless the Seller notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable pursuant to Section 5.1 of the Purchase Agreement or Section 3.2 of the Sale and Servicing Agreement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial AmeriCredit or the Seller, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM FinancialAmeriCredit, the Seller or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase of any Receivable pursuant to Section 5.1 of the Purchase Agreement or Section 3.2 of the Sale and Servicing Agreement.
Appears in 30 contracts
Samples: Trust Agreement (AmeriCredit Automobile Receivables Trust 2019-3), Trust Agreement (AmeriCredit Automobile Receivables Trust 2019-3), Trust Agreement (AmeriCredit Automobile Receivables Trust 2019-2)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 of the Sale and Servicing Agreement, provide prompt written notice upon the discovery of any breach of the Seller’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial and the Seller, a notice in substantially the form of Exhibit C, or any other form agreed upon between the Owner Trustee and the Seller, which shall be deemed acceptable to the Seller unless the Seller notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with With respect to any requests (in writing or orally) for the repurchase of any Receivable pursuant to Section 5.1 of the Purchase Agreement or Section 3.2 of the Sale and Servicing Agreement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date), the Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 of the Sale and Servicing Agreement, provide prompt written notice upon the discovery of any breach of EFCAR’s representations and warranties made pursuant to Section 3.1 of the Sale and Servicing Agreement, (ii) no later than five Business Days after the end of each calendar quarter, provide to the Servicer, Exeter and EFCAR, a notice in substantially the form of Exhibit C, or any other form agreed upon between the Owner Trustee and EFCAR, which shall be deemed acceptable to EFCAR unless EFCAR notifies the Owner Trustee within five (5) Business Days of its receipt thereof and (iii) promptly upon reasonable written request by the Servicer, GM Financial Exeter or the SellerEFCAR, provide to them any other information reasonably requested in good faith that is in the actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, Act and Items Item 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Holding Trust have any responsibility or liability in connection with (i) the compliance by the Servicer, GM FinancialExeter, the Seller EFCAR, or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase of any Receivable pursuant to Section 5.1 of the Purchase Agreement or Section 3.2 of the Sale and Servicing Agreement.
Appears in 27 contracts
Samples: Trust Agreement (Exeter Automobile Receivables Trust 2024-5), Trust Agreement (Exeter Automobile Receivables Trust 2024-5), Trust Agreement (Exeter Automobile Receivables Trust 2024-4)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 of the Sale and Servicing Agreement, provide prompt written notice upon the discovery of any breach of the Seller’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial AmeriCredit and the Seller, a notice in substantially the form of Exhibit C, or any other form agreed upon between the Owner Trustee and the Seller, which shall be deemed acceptable to the Seller unless the Seller notifies the Owner Trustee within five (5) Business Days of its receipt thereof, C with respect to any requests (in writing or orally) for the repurchase of any Receivable pursuant to Section 5.1 of the Purchase Agreement or Section 3.2 of the Sale and Servicing Agreement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial AmeriCredit or the Seller, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM FinancialAmeriCredit, the Seller or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase of any Receivable pursuant to Section 5.1 of the Purchase Agreement or Section 3.2 of the Sale and Servicing Agreement.
Appears in 24 contracts
Samples: Trust Agreement (AFS SenSub Corp.), Trust Agreement (AFS SenSub Corp.), Trust Agreement (AFS SenSub Corp.)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 of the Sale and Servicing Agreement, provide prompt written notice upon the discovery of any breach of the Seller’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial AmeriCredit and the Seller, a notice in substantially the form of Exhibit C, or any other form agreed upon between the Owner Trustee and the Seller, which shall be deemed acceptable to the Seller unless the Seller notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable pursuant to Section 5.1 of the Purchase Agreement or Section 3.2 of the Sale and Servicing Agreement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial AmeriCredit or the Seller, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust have any responsibility or liability in connection with (i) the compliance by the Servicer, GM FinancialAmeriCredit, the Seller or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase of any Receivable pursuant to Section 5.1 of the Purchase Agreement or Section 3.2 of the Sale and Servicing Agreement.
Appears in 21 contracts
Samples: Trust Agreement (AmeriCredit Automobile Receivables Trust 2023-2), Trust Agreement (AmeriCredit Automobile Receivables Trust 2023-2), Trust Agreement (AmeriCredit Automobile Receivables Trust 2023-1)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 of the Sale and Servicing Agreement, provide prompt written notice upon the discovery of any breach of the Seller’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial and the Seller, a notice in substantially the form of Exhibit C, or any other form agreed upon between the Owner Trustee and the Seller, which shall be deemed acceptable to the Seller unless the Seller notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable pursuant to Section 5.1 of the Purchase Agreement or Section 3.2 of the Sale and Servicing Agreement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial or the Seller, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase of any Receivable pursuant to Section 5.1 of the Purchase Agreement or Section 3.2 of the Sale and Servicing Agreement.
Appears in 19 contracts
Samples: Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2020-1), Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2020-1), Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2019-4)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 of the Sale and Servicing Agreement, provide prompt written notice upon the discovery of any breach of the Seller’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial and the Seller, a notice in substantially the form of Exhibit C, or any other form agreed upon between the Owner Trustee and the Seller, which shall be deemed acceptable to the Seller unless the Seller notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with With respect to any requests (in writing or orally) for the repurchase of any Receivable pursuant to Section 5.1 of the Purchase Agreement, Section 5.1 of the Sale Agreement or Section 3.2 of the Sale and Servicing Agreement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date), the Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 of the Sale and Servicing Agreement, provide prompt written notice upon the discovery of any breach of EFCAR’s representations and warranties made pursuant to Section 3.1 of the Sale and Servicing Agreement, (ii) no later than five Business Days after the end of each calendar quarter, provide to the Servicer, Exeter and EFCAR, a notice in substantially the form of Exhibit C, or any other form agreed upon between the Owner Trustee and EFCAR, which shall be deemed acceptable to EFCAR unless EFCAR notifies the Owner Trustee within five (5) Business Days of its receipt thereof and (iii) promptly upon reasonable written request by the Servicer, GM Financial Exeter or the SellerEFCAR, provide to them any other information reasonably requested in good faith that is in the actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, Act and Items Item 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Holding Trust have any responsibility or liability in connection with (i) the compliance by the Servicer, GM FinancialExeter, the Seller EFCAR, or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase of any Receivable pursuant to Section 5.1 of the Purchase Agreement, Section 5.1 of the Sale Agreement or Section 3.2 of the Sale and Servicing Agreement.
Appears in 8 contracts
Samples: Trust Agreement (Exeter Automobile Receivables Trust 2021-3), Trust Agreement (Exeter Automobile Receivables Trust 2021-3), Trust Agreement (Exeter Automobile Receivables Trust 2021-2)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2017-3 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2017-3 Lease Agreement and the related 2017-3 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2017-3 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase or reallocation of any Receivable 2017-3 Lease Agreement and the related 2017-3 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2017-3 Servicing AgreementSupplement.
Appears in 4 contracts
Samples: Trust Agreement, Trust Agreement (GM Financial Automobile Leasing Trust 2017-3), Trust Agreement (GM Financial Automobile Leasing Trust 2017-3)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2023-3 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2023-3 Lease Agreement and the related 2023-3 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2023-3 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the 2023-3 Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase or reallocation of any Receivable 2023-3 Lease Agreement and the related 2023-3 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2023-3 Servicing AgreementSupplement.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2023-3), Trust Agreement (GM Financial Automobile Leasing Trust 2023-3)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2021-2 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2021-2 Lease Agreement and the related 2021-2 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2021-2 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase or reallocation of any Receivable 2021-2 Lease Agreement and the related 2021-2 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2021-2 Servicing AgreementSupplement.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2021-2), Trust Agreement (GM Financial Automobile Leasing Trust 2021-2)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2022-2 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2022-2 Lease Agreement and the related 2022-2 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2022-2 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the 2022-2 Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase or reallocation of any Receivable 2022-2 Lease Agreement and the related 2022-2 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2022-2 Servicing AgreementSupplement.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2022-2), Trust Agreement (GM Financial Automobile Leasing Trust 2022-2)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 of the Sale and Servicing Agreement, provide prompt written notice upon the discovery of any breach of the Seller’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial AmeriCredit and the Seller, a notice in substantially the form of Exhibit C, or any other form agreed upon between the Owner Trustee and the Seller, which shall be deemed acceptable to the Seller unless the Seller notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable pursuant to to
Section 5.1 of the Purchase Agreement or Section 3.2 of the Sale and Servicing Agreement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial AmeriCredit or the Seller, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM FinancialAmeriCredit, the Seller or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase of any Receivable pursuant to Section 5.1 of the Purchase Agreement or Section 3.2 of the Sale and Servicing Agreement.
Appears in 2 contracts
Samples: Trust Agreement (AFS SenSub Corp.), Trust Agreement (AmeriCredit Automobile Receivables Trust 2015-4)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2023-1 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2023-1 Lease Agreement and the related 2023-1 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2023-1 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the 2023-1 Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase or reallocation of any Receivable 2023-1 Lease Agreement and the related 2023-1 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2023-1 Servicing AgreementSupplement.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2023-1), Trust Agreement (GM Financial Automobile Leasing Trust 2023-1)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2018-3 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2018-3 Lease Agreement and the related 2018-3 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2018-3 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase or reallocation of any Receivable 2018-3 Lease Agreement and the related 2018-3 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2018-3 Servicing AgreementSupplement.
Appears in 2 contracts
Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GM Financial Automobile Leasing Trust 2018-3)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2020-1 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2020-1 Lease Agreement and the related 2020-1 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2020-1 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase or reallocation of any Receivable 2020-1 Lease Agreement and the related 2020-1 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2020-1 Servicing AgreementSupplement.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2020-1), Trust Agreement (GM Financial Automobile Leasing Trust 2020-1)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2017-1 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2017-1 Lease Agreement and the related 2017-1 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2017-1 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase or reallocation of any Receivable 2017-1 Lease Agreement and the related 2017-1 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2017-1 Servicing AgreementSupplement.
Appears in 2 contracts
Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GMF Leasing LLC)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2020-3 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2020-3 Lease Agreement and the related 2020-3 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2020-3 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase or reallocation of any Receivable 2020-3 Lease Agreement and the related 2020-3 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2020-3 Servicing AgreementSupplement.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2020-3), Trust Agreement (GM Financial Automobile Leasing Trust 2020-3)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2023-2 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2023-2 Lease Agreement and the related 2023-2 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2023-2 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the 2023-2 Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase or reallocation of any Receivable 2023-2 Lease Agreement and the related 2023-2 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2023-2 Servicing AgreementSupplement.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2023-2), Trust Agreement (GM Financial Automobile Leasing Trust 2023-2)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2018-1 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2018-1 Lease Agreement and the related 2018-1 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2018-1 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase or reallocation of any Receivable 2018-1 Lease Agreement and the related 2018-1 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2018-1 Servicing AgreementSupplement.
Appears in 2 contracts
Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GM Financial Automobile Leasing Trust 2018-1)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2021-1 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2021-1 Lease Agreement and the related 2021-1 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2021-1 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase or reallocation of any Receivable 2021-1 Lease Agreement and the related 2021-1 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2021-1 Servicing AgreementSupplement.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2021-1), Trust Agreement (GM Financial Automobile Leasing Trust 2021-1)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2017-2 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2017-2 Lease Agreement and the related 2017-2 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2017-2 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase or reallocation of any Receivable 2017-2 Lease Agreement and the related 2017-2 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2017-2 Servicing AgreementSupplement.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2017-2), Trust Agreement (GMF Leasing LLC)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2019-2 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2019-2 Lease Agreement and the related 2019-2 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2019-2 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase or reallocation of any Receivable 2019-2 Lease Agreement and the related 2019-2 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2019-2 Servicing AgreementSupplement.
Appears in 2 contracts
Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GMF Leasing LLC)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 of the Sale and Servicing Agreement, provide prompt written notice upon the discovery of any breach of the Seller’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial AmeriCredit and the Seller, a notice in substantially the form of Exhibit C, or any other form agreed upon between the Owner Trustee and the Seller, which shall be deemed acceptable to the Seller unless the Seller notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable pursuant to Section 5.1 of the Purchase Agreement or Section 3.2 of the Sale and Servicing Agreement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial AmeriCredit or the Seller, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust have any responsibility or liability in connection with (i) the compliance by the Servicer, GM FinancialAmeriCredit, the Seller or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase of any Receivable pursuant to Section 5.1 of the Purchase Agreement or Section 3.2 of the Sale and Servicing Agreement. Article VI.
Appears in 2 contracts
Samples: Trust Agreement (AmeriCredit Automobile Receivables Trust 2024-1), Trust Agreement (AmeriCredit Automobile Receivables Trust 2024-1)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2016-3 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2016-3 Lease Agreement and the related 2016-3 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2016-3 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase of any Receivable 2016-3 Lease Agreement and the related 2016-3 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2016-3 Servicing AgreementSupplement.
Appears in 2 contracts
Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GMF Leasing LLC)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2024-3 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2024-3 Lease Agreement and the related 2024-3 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2024-3 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the 2024-3 Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase or reallocation of any Receivable 2024-3 Lease Agreement and the related 2024-3 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2024-3 Servicing AgreementSupplement.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2024-3), Trust Agreement (GM Financial Automobile Leasing Trust 2024-3)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2021-3 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2021-3 Lease Agreement and the related 2021-3 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2021-3 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the 2021-3 Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase or reallocation of any Receivable 2021-3 Lease Agreement and the related 2021-3 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2021-3 Servicing AgreementSupplement.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2021-3), Trust Agreement (GM Financial Automobile Leasing Trust 2021-3)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2024-1 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2024-1 Lease Agreement and the related 2024-1 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2024-1 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the 2024-1 Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase or reallocation of any Receivable 2024-1 Lease Agreement and the related 2024-1 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2024-1 Servicing AgreementSupplement.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2024-1), Trust Agreement (GM Financial Automobile Leasing Trust 2024-1)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2016-2 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2016-2 Lease Agreement and the related 2016-2 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2016-2 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase of any Receivable 2016-2 Lease Agreement and the related 2016-2 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2016-2 Servicing AgreementSupplement.
Appears in 2 contracts
Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GMF Leasing LLC)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 of the Sale and Servicing Agreement, provide prompt written notice upon the discovery of any breach of the Seller’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial and the Seller, a notice in substantially the form of Exhibit C, or any other form agreed upon between the Owner Trustee and the Seller, which shall be deemed acceptable to the Seller unless the Seller notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with With respect to any requests (in writing or orally) for the repurchase of any Receivable pursuant to Section 5.1 of the Purchase Agreement Agreement, [Section 5.1 of the Sale Agreement] or Section 3.2 of the Sale and Servicing Agreement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date), the Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 of the Sale and Servicing Agreement, provide prompt written notice upon the discovery of any breach of EFCAR’s representations and warranties made pursuant to Section 3.1 of the Sale and Servicing Agreement, (ii) no later than five Business Days after the end of each calendar quarter, provide to the Servicer, Exeter and EFCAR, a notice in substantially the form of Exhibit C, or any other form agreed upon between the Owner Trustee and EFCAR, which shall be deemed acceptable to EFCAR unless EFCAR notifies the Owner Trustee within five (5) Business Days of its receipt thereof and (iii) promptly upon reasonable written request by the Servicer, GM Financial Exeter or the SellerEFCAR, provide to them any other information reasonably requested in good faith that is in the actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, Act and Items Item 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Holding Trust have any responsibility or liability in connection with (i) the compliance by the Servicer, GM FinancialExeter, the Seller EFCAR, or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase of any Receivable pursuant to Section 5.1 of the Purchase Agreement Agreement, [Section 5.1 of the Sale Agreement] or Section 3.2 of the Sale and Servicing Agreement.
Appears in 2 contracts
Samples: Trust Agreement (Efcar, LLC), Trust Agreement (Efcar, LLC)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2019-1 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2019-1 Lease Agreement and the related 2019-1 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2019-1 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase or reallocation of any Receivable 2019-1 Lease Agreement and the related 2019-1 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2019-1 Servicing AgreementSupplement.
Appears in 2 contracts
Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GMF Leasing LLC)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2018-2 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2018-2 Lease Agreement and the related 2018-2 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2018-2 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase or reallocation of any Receivable 2018-2 Lease Agreement and the related 2018-2 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2018-2 Servicing AgreementSupplement.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2018-2), Trust Agreement (GM Financial Automobile Leasing Trust 2018-2)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2020-2 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2020-2 Lease Agreement and the related 2020-2 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2020-2 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase or reallocation of any Receivable 2020-2 Lease Agreement and the related 2020-2 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2020-2 Servicing AgreementSupplement.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2020-2), Trust Agreement (GM Financial Automobile Leasing Trust 2020-2)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2019-3 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2019-3 Lease Agreement and the related 2019-3 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2019-3 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase or reallocation of any Receivable 2019-3 Lease Agreement and the related 2019-3 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2019-3 Servicing AgreementSupplement.
Appears in 2 contracts
Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GMF Leasing LLC)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2016-1 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2016-1 Lease Agreement and the related 2016-1 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2016-1 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase of any Receivable 2016-1 Lease Agreement and the related 2016-1 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2016-1 Servicing AgreementSupplement.
Appears in 2 contracts
Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GMF Leasing LLC)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2024-2 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2024-2 Lease Agreement and the related 2024-2 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2024-2 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the 2024-2 Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase or reallocation of any Receivable 2024-2 Lease Agreement and the related 2024-2 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2024-2 Servicing AgreementSupplement.
Appears in 2 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2024-2), Trust Agreement (GM Financial Automobile Leasing Trust 2024-2)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2022-3 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2022-3 Lease Agreement and the related 2022-3 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2022-3 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the 2022-3 Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase or reallocation of any Receivable 2022-3 Lease Agreement and the related 2022-3 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2022-3 Servicing AgreementSupplement.
Appears in 1 contract
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2022-3)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2022-1 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2022-1 Lease Agreement and the related 2022-1 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2022-1 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the 2022-1 Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase or reallocation of any Receivable 2022-1 Lease Agreement and the related 2022-1 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2022-1 Servicing AgreementSupplement.
Appears in 1 contract
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2022-1)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 20__-_ Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five _____ (5__) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 20__-_ Lease Agreement and the related 20__-_ Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 20__-_ Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase or reallocation of any Receivable 20__-_ Lease Agreement and the related 20__-_ Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 20__-_ Servicing AgreementSupplement.
Appears in 1 contract
Samples: Trust Agreement (ACAR Leasing Ltd.)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 20 - Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5( ) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 20 - Lease Agreement and the related 20 - Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 20 - Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the 20 - Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM Financial, the Seller Depositor or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase or reallocation of any Receivable 20 - Lease Agreement and the related 20 - Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 20 - Servicing AgreementSupplement.
Appears in 1 contract
Samples: Trust Agreement (ACAR Leasing Ltd.)
Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 of the Sale and Servicing Agreement, provide prompt written notice upon the discovery of any breach of the Seller’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Exeter and the Seller, a notice in substantially the form of Exhibit C, or any other form agreed upon between the Owner Trustee and the Seller, which shall be deemed acceptable to the Seller unless the Seller notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable pursuant to Section 5.1 of the Purchase Agreement or Section 3.2 of the Sale and Servicing Agreement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Exeter or the Seller, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.
(b) In no event will the Owner Trustee or the Trust Issuer have any responsibility or liability in connection with (i) the compliance by the Servicer, GM FinancialExeter, the Seller or any other Person with the Exchange Act or Regulation AB or (ii) any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Owner Trustee will not have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase of any Receivable pursuant to Section 5.1 of the Purchase Agreement or Section 3.2 of the Sale and Servicing Agreement.
Appears in 1 contract
Samples: Trust Agreement (Efcar, LLC)