Common use of Establishment of Spread Account; Initial Deposit into Spread Account; Maintenance of Spread Account Clause in Contracts

Establishment of Spread Account; Initial Deposit into Spread Account; Maintenance of Spread Account. (a) On or prior to the Closing Date, the Collateral Agent shall establish, at its office or at another depository institution or trust company an Eligible Deposit Account, designated, “Spread Account—Xxxxx Fargo Bank, National Association, as Collateral Agent for MBIA Insurance Corporation and Xxxxx Fargo Bank, National Association, as Trustee and Trust Collateral Agent Re: AmeriCredit Automobile Receivables Trust 2006-R-M, Class A Asset-Backed Notes Series 2006-R-M” (the “Spread Account”). The Spread Account shall be maintained by the Collateral Agent at all times separate and apart from any other account of AmeriCredit, the Seller, the Servicer or the Issuer. The Spread Account shall be maintained at the same depository institution (which depository institution may be changed from time to time in accordance with this Agreement). If the Spread Account ceases to be an Eligible Deposit Account, the Collateral Agent shall notify the Controlling Party of such fact and shall establish within five Business Days of such determination, in accordance with Section 3.04(a), a successor Spread Account thereto, which shall be an Eligible Deposit Account, at another depository institution acceptable to the Controlling Party.

Establishment of Spread Account; Initial Deposit into Spread Account; Maintenance of Spread Account. (a) On or prior to the Closing Date, the Collateral Agent shall establish, at its office or at another depository institution or trust company an Eligible Deposit Account, designated, ““ Spread Account—Xxxxx Fargo Bank, National Association, as Collateral Agent for MBIA Insurance Corporation XL Capital Assurance Inc. and Xxxxx Fargo Bank, National Association, as Trustee and Trust Collateral Agent Re: AmeriCredit Automobile Receivables Trust 20062005-RA-MX, Class A Asset-Backed Notes Series 20062005-RA-MX” (the “Spread Account”). The Spread Account shall be maintained by the Collateral Agent at all times separate and apart from any other account of AmeriCredit, the Seller, the Servicer or the Issuer. The Spread Account shall be maintained at the same depository institution (which depository institution may be changed from time to time in accordance with this Agreement). If the Spread Account ceases to be an Eligible Deposit Account, the Collateral Agent shall notify the Controlling Party of such fact and shall establish within five Business Days of such determination, in accordance with Section 3.04(a), a successor Spread Account thereto, which shall be an Eligible Deposit Account, at another depository institution acceptable to the Controlling Party.

Establishment of Spread Account; Initial Deposit into Spread Account; Maintenance of Spread Account. (a) On or prior to the Closing Date, the Collateral Agent shall establish, at its office or at another depository institution or trust company an Eligible Deposit Account, designated, “Spread Account—Xxxxx Fargo Bank, National AssociationDeutsche Bank Trust Company Americas, as Collateral Agent for MBIA Insurance Corporation XL Capital Assurance Inc. and Xxxxx Fargo Bank, National AssociationDeutsche Bank Trust Company Americas, as Trustee and Trust Collateral Agent Re: AmeriCredit Automobile UPFC Auto Receivables Trust 20062005-R-MB, Class A Asset-Backed Notes Series 20062005-R-MB” (the “Spread Account”). The Spread Account shall be maintained by the Collateral Agent at all times separate and apart from any other account of AmeriCreditUACC, the Transferor, the Seller, the Servicer or the Issuer. The Spread Account shall be maintained at the same depository institution (which depository institution may be changed from time to time in accordance with this Agreement). If the Spread Account ceases to be an Eligible Deposit Account, the Collateral Agent shall notify the Controlling Party of such fact and shall establish within five Business Days of such determination, in accordance with Section 3.04(a), a successor Spread Account thereto, which shall be an Eligible Deposit Account, at another depository institution acceptable to the Controlling Party.

Establishment of Spread Account; Initial Deposit into Spread Account; Maintenance of Spread Account. (a) On or prior to the Closing Date, the Collateral Agent shall establish, at its office or at another depository institution or trust company an Eligible Deposit Account, designated, “Spread Account—Xxxxx Fargo Bank, National Association— The Bank of New York, as Collateral Agent for MBIA Insurance Corporation and Xxxxx Fargo Bank, National AssociationThe Bank of New York, as Trustee and Trust Collateral Agent Re: AmeriCredit Prime Automobile Receivables Trust 20062007-R2-M, Class A Asset-Backed Notes Series 20062007-R2-M” (the “Spread Account”). The Spread Account shall be maintained by the Collateral Agent at all times separate and apart from any other account of AmeriCredit, the Seller, the Servicer or the Issuer. The Spread Account shall be maintained at the same depository institution (which depository institution may be changed from time to time in accordance with this Agreement). If the Spread Account ceases to be an Eligible Deposit Account, the Collateral Agent shall notify the Controlling Party of such fact and shall establish within five Business Days of such determination, in accordance with Section 3.04(a), a successor Spread Account thereto, which shall be an Eligible Deposit Account, at another depository institution acceptable to the Controlling Party.

Establishment of Spread Account; Initial Deposit into Spread Account; Maintenance of Spread Account. (a) On or prior to the Closing Date, the Collateral Agent shall establish, at its office or at another depository institution or trust company an Eligible Deposit Account, designated, “Spread Account—Xxxxx Wxxxx Fargo Bank, National Association, as Collateral Agent for MBIA Insurance Corporation and Xxxxx Wxxxx Fargo Bank, National Association, as Trustee and Trust Collateral Agent Re: AmeriCredit Automobile Receivables Trust 20062005-RB-M, Class A Asset-Backed Notes Series 20062005-RB-M” (the “Spread Account”). The Spread Account shall be maintained by the Collateral Agent at all times separate and apart from any other account of AmeriCredit, the Seller, the Servicer or the Issuer. The Spread Account shall be maintained at the same depository institution (which depository institution may be changed from time to time in accordance with this Agreement). If the Spread Account ceases to be an Eligible Deposit Account, the Collateral Agent shall notify the Controlling Party of such fact and shall establish within five Business Days of such determination, in accordance with Section 3.04(a), a successor Spread Account thereto, which shall be an Eligible Deposit Account, at another depository institution acceptable to the Controlling Party.

Establishment of Spread Account; Initial Deposit into Spread Account; Maintenance of Spread Account. (a) On or prior to the Closing Date, the Collateral Agent shall establish, at its office or at another depository institution or trust company an Eligible Deposit Account, designated, “Spread Account—Xxxxx Fargo Bank, National AssociationDeutsche Bank Trust Company Americas, as Collateral Agent for MBIA Insurance Corporation XL Capital Assurance Inc. and Xxxxx Fargo Bank, National AssociationDeutsche Bank Trust Company Americas, as Trustee and Trust Collateral Agent Re: AmeriCredit Automobile UPFC Auto Receivables Trust 2006-R-M2006- , Class A Asset-Backed Notes Series 2006-R-M2006- ” (the “Spread Account”). The Spread Account shall be maintained by the Collateral Agent at all times separate and apart from any other account of AmeriCreditUACC, the Seller, the Servicer or the IssuerTrust. The Spread Account shall be maintained at the same depository institution (which depository institution may be changed from time to time in accordance with this Agreement). If the Spread Account ceases to be an Eligible Deposit Account, the Collateral Agent shall notify the Controlling Party of such fact and shall establish within five Business Days of such determination, in accordance with Section 3.04(a), a successor Spread Account thereto, which shall be an Eligible Deposit Account, at another depository institution acceptable to the Controlling Party.

Establishment of Spread Account; Initial Deposit into Spread Account; Maintenance of Spread Account. (a) On or prior to the Closing Date, the Collateral Agent shall establish, at its office or at another depository institution or trust company an Eligible Deposit Account, designated, “Spread Account—Xxxxx Wxxxx Fargo Bank, National Association, as Collateral Agent for MBIA Insurance Corporation and Xxxxx Wxxxx Fargo Bank, National Association, as Trustee and Trust Collateral Agent Re: AmeriCredit Automobile Receivables Trust 20062007-RC-M, Class A Asset-Backed Notes Series 20062007-RC-M” (the “Spread Account”). The Spread Account shall be maintained by the Collateral Agent at all times separate and apart from any other account of AmeriCredit, the Seller, the Servicer or the Issuer. The Spread Account shall be maintained at the same depository institution (which depository institution may be changed from time to time in accordance with this Agreement). If the Spread Account ceases to be an Eligible Deposit Account, the Collateral Agent shall notify the Controlling Party of such fact and shall establish within five Business Days of such determination, in accordance with Section 3.04(a), a successor Spread Account thereto, which shall be an Eligible Deposit Account, at another depository institution acceptable to the Controlling Party.

Establishment of Spread Account; Initial Deposit into Spread Account; Maintenance of Spread Account. (a) On or prior to the Closing Date, the Collateral Agent shall establish, at its office or at another depository institution or trust company an Eligible Deposit Account, designated, “Spread Account—Xxxxx Fargo Bank, National AssociationDeutsche Bank Trust Company Americas, as Collateral Agent for MBIA Insurance Ambac Assurance Corporation and Xxxxx Fargo Bank, National AssociationDeutsche Bank Trust Company Americas, as Trustee and Trust Collateral Agent Re: AmeriCredit Automobile UPFC Auto Receivables Trust 20062004-R-MA, Class A Asset-Backed Notes Series 20062004-R-MA” (the “Spread Account”). The Spread Account shall be maintained by the Collateral Agent at all times separate and apart from any other account of AmeriCreditUACC, the Seller, the Servicer or the Issuer. The Spread Account shall be maintained at the same depository institution (which depository institution may be changed from time to time in accordance with this Agreement). If the Spread Account ceases to be an Eligible Deposit Account, the Collateral Agent shall notify the Controlling Party of such fact and shall establish within five Business Days of such determination, in accordance with Section 3.04(a), a successor Spread Account thereto, which shall be an Eligible Deposit Account, at another depository institution acceptable to the Controlling Party.

Establishment of Spread Account; Initial Deposit into Spread Account; Maintenance of Spread Account. (a) On or prior to the Closing Date, the Collateral Agent shall establish, at its office or at another depository institution or trust company an Eligible Deposit Account, designated, “"Spread Account—Xxxxx Fargo –JPMorgan Chase Bank, National AssociationN.A., as Collateral Agent for MBIA Insurance Ambac Assurance Corporation and Xxxxx Fargo JPMorgan Chase Bank, National AssociationN.A., as Trustee and Trust Collateral Agent Re: AmeriCredit Automobile Receivables Trust 20062005-RD-MA, Class A Asset-Backed Notes Series 20062005-RD-M” A" (the “"Spread Account”"). The Spread Account shall be maintained by the Collateral Agent at all times separate and apart from any other account of AmeriCredit, the Seller, the Servicer or the Issuer. The Spread Account shall be maintained at the same depository institution (which depository institution may be changed from time to time in accordance with this Agreement). If the Spread Account ceases to be an Eligible Deposit Account, the Collateral Agent shall notify the Controlling Party of such fact and shall establish within five Business Days of such determination, in accordance with Section 3.04(a), a successor Spread Account thereto, which shall be an Eligible Deposit Account, at another depository institution acceptable to the Controlling Party.. Back to Contents

Establishment of Spread Account; Initial Deposit into Spread Account; Maintenance of Spread Account. (a) On or prior to the Closing Date, the Collateral Agent shall establish, at its office or at another depository institution or trust company an Eligible Deposit Account, designated, “Spread Account—Xxxxx Wxxxx Fargo Bank, National Association, as Collateral Agent for MBIA Financial Guaranty Insurance Corporation Company and Xxxxx Wxxxx Fargo Bank, National Association, as Trustee and Trust Collateral Agent Re: AmeriCredit Automobile Receivables Trust 2006-RB-MG, Class A Asset-Backed Notes Series 2006-RB-MG” (the “Spread Account”). The Spread Account shall be maintained by the Collateral Agent at all times separate and apart from any other account of AmeriCredit, the Seller, the Servicer or the Issuer. The Spread Account shall be maintained at the same depository institution (which depository institution may be changed from time to time in accordance with this Agreement). If the Spread Account ceases to be an Eligible Deposit Account, the Collateral Agent shall notify the Controlling Party of such fact and shall establish within five Business Days of such determination, in accordance with Section 3.04(a), a successor Spread Account thereto, which shall be an Eligible Deposit Account, at another depository institution acceptable to the Controlling Party.

Establishment of Spread Account; Initial Deposit into Spread Account; Maintenance of Spread Account. (a) On or prior to the Closing Date, the Collateral Agent shall establish, at its office or at another depository institution or trust company an Eligible Deposit Account, designated, “"Spread Account—Xxxxx Fargo Bank, National AssociationDeutsche Bank Trust Company Americas, as Collateral Agent for MBIA Insurance Ambac Assurance Corporation and Xxxxx Fargo Bank, National AssociationDeutsche Bank Trust Company Americas, as Trustee and Trust Collateral Agent Re: AmeriCredit Automobile UPFC Auto Receivables Trust 20062004-R-MA, Class A Asset-Backed Notes Series 20062004-R-M” A" (the “"Spread Account”"). The Spread Account shall be maintained by the Collateral Agent at all times separate and apart from any other account of AmeriCreditUACC, the Seller, the Servicer or the Issuer. The Spread Account shall be maintained at the same depository institution (which depository institution may be changed from time to time in accordance with this Agreement). If the Spread Account ceases to be an Eligible Deposit Account, the Collateral Agent shall notify the Controlling Party of such fact and shall establish within five Business Days of such determination, in accordance with Section 3.04(a), a successor Spread Account thereto, which shall be an Eligible Deposit Account, at another depository institution acceptable to the Controlling Party.