ISSUANCE AND SALE OF CERTIFICATES. 52 4.1. Issuance of Certificates..........................................52 4.2. Sale of Certificates..............................................52 ARTICLE V
ISSUANCE AND SALE OF CERTIFICATES. 46 4.1. Issuance of Certificates.......................................................................46 4.2.
ISSUANCE AND SALE OF CERTIFICATES. Section 4.01. Issuance of Certificates. 65 Section 4.02. Sale of Certificates. 65
ISSUANCE AND SALE OF CERTIFICATES. The Sponsor has authorized the issuance and sale of $57,500,000 Class A-1 5.425% Money Market Notes, $77,000,000 Class A-2 Floating Rate Asset Backed Notes, $58,500,000 Class A-3 6.10% Asset Backed Notes (collectively, the "Notes") and $7,000,000 6.30% Asset Backed Certificates (the "Certificates") (the Notes and the Certificates, collectively, the "Securities"). The Notes are to be issued by AmeriCredit Automobile Receivables Trust 1996-D (the "Trust") pursuant to an Indenture, to be dated as of November 1, 1996 (the "Indenture"), between the Trust and LaSalle National Bank, a national banking association, as indenture trustee (the "Trustee") and as trust collateral agent. The Certificates are to be issued by the Trust pursuant to a Trust Agreement, to be dated as of November 1, 1996, between the Seller and Bankers Trust (Delaware), as owner trustee (the "Owner Trustee"). The Securities evidence all of the beneficial ownership interests in the assets of the Trust. The assets of the Trust will initially include a pool of retail installment sale contracts secured by new or used automobiles and light duty trucks (the "Initial Receivables") and certain monies due thereunder on or after October 31, 1996 (the "Initial Cutoff Date"). Additional retail installment sale contracts secured by new or used automobiles and light duty trucks (the "Subsequent Receivables") and certain monies due thereunder on or after the applicable Subsequent Cutoff Date are intended to be purchased by the Trust from the Seller from time to time on or before the end of the Funding Period, from funds available under the Pre-Funded Amount. The Initial Receivables and the Subsequent Receivables are hereinafter referred to as the "Receivables." The Notes will have the benefit of a note insurance policy (the "Note Insurance Policy") and the Certificates will have the benefit of a certificate insurance policy (the "Insurance Policies", together with the Note Insurance Policy, the "Insurance Policies"), each issued by Financial Security Assurance Inc., a monoline insurance corporation organized under the laws of New York (the "Certificate Insurer"). In connection with the issuance of the Insurance Policies (i) the Companies, the Trust and the Certificate Insurer will execute and deliver an Insurance Agreement dated as of November 1, 1996 (the "Insurance Agreement") and (ii) the Seller, the Underwriters and the Certificate Insurer will execute and deliver an Indemnification Agreement dated as o...
ISSUANCE AND SALE OF CERTIFICATES. Section 4.01. Section 4.02. Issuance of Certificates Sale of Certificates 61 61 Section 5.01. Section 5.02. Section 5.03. Section 5.04. Section 5.05. Section 5.06. Section 5.07. Section 5.08. Section 5.09. Terms Forms Execution, Authentication and Delivery Registration and Transfer of Certificates Mutilated, Destroyed, Lost or Stolen Certificates Persons Deemed Owners Cancellation Limitation on Transfer of Ownership Rights Assignment of Rights 62 62 62 63 65 66 66 66 68
ISSUANCE AND SALE OF CERTIFICATES. Section 4.01.
ISSUANCE AND SALE OF CERTIFICATES. 70 Section 4.01 Issuance of Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 Section 4.02 Sale of Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70
ISSUANCE AND SALE OF CERTIFICATES. 69 Section 4.01 Issuance of Certificates..............................................................69 Section 4.02 Sale of Certificates..................................................................69 ARTICLE V CERTIFICATES AND TRANSFER OF INTERESTS..................................................................70 Section 5.01 Terms.................................................................................70 Section 5.02 Forms.................................................................................70 Page Section 5.03 Execution, Authentication and Delivery................................................70 Section 5.04 Registration and Transfer of Certificates.............................................71 Section 5.05 Mutilated, Destroyed, Lost or Stolen Certificates.....................................72 Section 5.06 Persons Deemed Owners.................................................................73 Section 5.07 Cancellation..........................................................................73 Section 5.08 Limitation on Transfer of Ownership Rights............................................73 Section 5.09 Assignment of Rights..................................................................74
ISSUANCE AND SALE OF CERTIFICATES. 77 ARTICLE V CERTIFICATES AND TRANSFER OF INTERESTS 78
ISSUANCE AND SALE OF CERTIFICATES. The Company has authorized the issuance and sale of Mortgage Loan Pass-Through Certificates, Series 1997-1, Class A-1 Group I Certificates in an aggregate principal amount of $63,500,000, Class A-2 Group I Certificates in an aggregate principal amount of $30,200,000, Class A-3 Group I Certificates in an aggregate principal amount of $21,300,000, Class A-4 Group I Certificates in an aggregate principal amount of $19,733,000 and Class A-5 Group II Certificates in an aggregate principal amount of $138,866,000, (collectively, the "Offered Certificates"). The Offered Certificates, Class B Certificates and the Residual Certificates (the Class B Certificates and the Residual Certificates, collectively, the "Non-Offered Certificates") (the Non-Offered Certificates and the Offered Certificates, collectively, the "Certificates"), are to be issued by Access Financial Mortgage Loan Trust 1997- 1 (the "Trust") pursuant to a Pooling and Servicing Agreement, to be dated as of February 1, 1997 (the "Pooling and Servicing Agreement"), among the Company, Access Financial Lending Corp., as master servicer (the "Master Servicer"), Access Financial Receivables Corp., as the transferor (the "Transferor") and The Chase Manhattan Bank, a New York banking corporation, as trustee (the "Trustee"). The Non-Offered Certificates are not to be sold hereunder. The Certificates evidence all of the beneficial ownership interests in the assets of the Trust consisting primarily of a pool of amortizing mortgage loans which are secured by first or second liens on residential properties (the "Mortgage Loans"). The Company will transfer all the Mortgage Loans to the Transferor pursuant to a Purchase and Sale Agreement dated as of February 1, 1997 (the "Purchase Agreement") between the Company and the Transferor. The Offered Certificates will have the benefit of a certificate insurance policy (the "Certificate Insurance Policy") issued by Financial Security Assurance, Inc., a monoline insurance company organized under the laws of New York (the "Certificate Insurer"). In connection with the issuance of the Certificate Insurance Policy, (i) the Company and the Certificate Insurer will execute and deliver an Insurance and Indemnity Agreement dated as of February 1, 1997 (the "Insurance Agreement") and (ii) the Company, the Transferor, the Underwriters and the Certificate Insurer will execute and deliver an Indemnification Agreement dated as of February 25, 1997 (the "Indemnification Agreement").
