Long Beach Acceptance Corp is the servicer (the “Servicer”), under the Series 2005-B Sale and Servicing Agreement. The Servicer has determined that (i) the aggregate amount of all Total Enhancement Shortfalls is $[ ], (ii) the amount that will be on deposit in the Series 2005-B Spread Account following all withdrawals required to be made from the Series 2005-B Spread Account pursuant to priority FIRST through clause (i) of priority SEVENTH of Section 3.03(b) of the Spread Account Agreement on [ ], 2008 (the “Distribution Date”) exceeds the Requisite Amount by $[ ] and (iii) the amounts to be released to certain other Sharing-Eligible Securitizations (each, a “Release Amount”) are set forth in the table below. The Servicer requests that, FSA, as Controlling Party, hereby direct the Collateral Agent to release the Release Amounts from the Series 2005-B Spread Account on the Distribution Date pursuant to clause (ii) of priority SEVENTH of Section 3.03(b) of the Spread Account Agreement and that the Collateral Agent release the Release Amounts to the spread account for each of the following Sharing-Eligible Securitizations with respect to which there exists on such day a Total Enhancement Shortfall (based on the amount then on deposit in the spread account for each such Sharing-Eligible Securitization and the most recently available Servicer Report for each such Sharing-Eligible Securitization), an amount up to the amount of such Total Enhancement Shortfall as follows: [The amount to be released to the Long Beach Acceptance Auto Receivables Trust 2005-B Class R Certificateholder is $[ ]]. This letter shall be governed by and construed in accordance with the laws of the State of New York without regard to its choice of law rules. This letter may be executed in any number of counterparts, each of which shall be deemed an original and all of which taken together shall constitute but one letter. AMERICREDIT FINANCIAL SERVICES, INC. By: LONG BEACH ACCEPTANCE CORP., as Servicer By: Name: Title: ACKNOWLEDGED AND AGREED: FINANCIAL SECURITY ASSURANCE INC., as Controlling Party By: Name: Title: THE BANK OF NEW YORK, not in its individual capacity but solely as successor to the corporate trust business of JPMORGAN CHASE BANK, as Indenture Trustee, Trust Collateral Agent and Collateral Agent By: Name: Title: Dated: [ ], 2008
Long Beach Acceptance Corp. By: -------------------------------------- Name: -------------------------------------- Title: ------------------------------------- [SUBSERVICER'S NAME] By: -------------------------------------- Name: -------------------------------------- Title: ------------------------------------- G-2 EXHIBIT G - ANNEX A to Custodial Letter [Form of Transfer Notice] [Long Beach Acceptance Corp. Xxx Xxxx Xxxxxx Drive Paramus, New Jersey 07652 Telecopy: (000) 000-0000] [Subservicer (the "Subservicer") Address Address Telecopy:_______________________] Ladies and Gentlemen: Reference is made to the Sale and Servicing Agreement, dated as of June 1, 2000 (the "Sale and Servicing Agreement"), among LONG BEACH ACCEPTANCE RECEIVABLES CORP., a Delaware corporation, as transferor, LONG BEACH ACCEPTANCE CORP., a Delaware corporation, as originator and servicer, LONG BEACH ACCEPTANCE AUTO RECEIVABLES TRUST 2000-1, a Delaware business trust, as issuer (the "Issuer"), THE CHASE MANHATTAN BANK, a New York banking corporation, as trust collateral agent, back-up servicer and custodian. Capitalized terms used but not defined in this letter have the meanings set forth in the Sale and Servicing Agreement. The possession of the Legal Files relating to the Receivables listed in Annex A is transferred to you IN TRUST for the Issuer, the Indenture Trustee, the Note Holders and the Note Insurer, subject to the terms and provisions of the Sale and Servicing Agreement, and subject to the Custodial Letter you executed pursuant to Section 3.5(c) of the Sale and Servicing Agreement. Very truly yours, THE CHASE MANHATTAN BANK By: ---------------------------------------------- Name: ---------------------------------------------- Title: --------------------------------------------- G-3 EXHIBIT G - ANNEX A to Transfer Notice Receivable Amount of Name of Number Receivable Receivable Borrower -------------------------------------------------------------------------------------------------------------------
Long Beach Acceptance Corp as originator and as servicer, The Chase Manhattan Bank, as trust collateral agent, custodian and back-up servicer and Long Beach Acceptance Auto Receivables Trust 2000-2, as issuer (the "Issuer"). The Issuer does hereby sell, transfer, assign, and otherwise convey to LBAC, without recourse, representation, or warranty, all of the Issuer's right, title, and interest in and to all of the Receivables (as defined in the Agreement) identified in the attached Servicer's Certificate as "Purchased Receivables," which are to be repurchased by LBAC pursuant to Section 3.4 of the Agreement, and all security and documents relating thereto.
Long Beach Acceptance Corp and Greenwich Capital Markets, Inc., as the same may be amended, supplemented or otherwise modified from time to time in accordance with the terms thereof.
Long Beach Acceptance Corp as originator and as servicer, The Chase Manhattan Bank, as trust collateral agent, custodian and back-up servicer and Long Beach Acceptance Auto Receivables Trust 2000-2, as issuer (the "Issuer"). The Issuer does hereby sell, transfer, assign, and otherwise convey to the Servicer, without recourse, representation, or warranty, all of the Issuer's right, title, and interest in and to all of the Receivables (as defined in the Agreement) identified in the attached Servicer's Certificate as "Purchased Receivables," which are to be purchased by the Servicer pursuant to Section 4.7 of the Agreement, and all security and documents relating thereto.
Long Beach Acceptance Corp. By: By: /s/ Xxxxxx X. Xxxxxxxx ------------------------------- ----------------------------------- Xxxxxx X.
Long Beach Acceptance Corp as Guarantor -------------------------------------------------------------- Ladies and Gentlemen: We have acted as special counsel to Long Beach Acceptance Receivables Corp., a Delaware corporation (the "BORROWER"), Long Beach Acceptance Corp., a Delaware corporation ("LBAC") and Ameriquest Mortgage Company, a Delaware corporation ("AMC") in connection with the preparation, execution and delivery of:
Long Beach Acceptance Corp. By: ------------------------------------- Name: Title: SCHEDULE A Schedule of Receivable
Long Beach Acceptance Corp. ("Lessee") has entered into or will enter into a Master Equipment Lease and Schedules thereto with Fleetwood Financial Corp. ("Lessor") (the "Lease"); said Lease covers certain personal property (the "Personal Property"), which is or will be located upon the Real Property, and such Personal Property is described in the Lease and is further described on Exhibit A annexed hereto and made a part hereof.
Long Beach Acceptance Corp. Case No. 834941-5, filed on January 11, 2001 in California Superior Court, Alameda County.
