Long Beach Acceptance Corp is the servicer (the “Servicer”), under the Series 2004-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 2004-B Spread Account following all withdrawals required to be made from the Series 2004-B Spread Account pursuant to priorities FIRST through SIXTH 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 2004-B Spread Account on the Distribution Date pursuant to clause (i) 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:
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 December 1, 1999 (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 1999-2, 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
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 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 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. Case No. 834941-5, filed on January 11, 2001 in California Superior Court, Alameda County.
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. By: --------------------------------- Name: ------------------------------- Title: ------------------------------
Long Beach Acceptance Corp the Trustee or any of their respective affiliates, except to the extent described below.) NUMBER R-___________ Percentage Interest: 100% THIS CERTIFIES THAT ______________________________ is the registered owner of a 100% nonassessable, fully-paid, interest in the Excess Cash Flow Certificate, which Excess Cash Flow Certificate represents a beneficial ownership interest in the Long Beach Acceptance Auto Receivables Trust 20__-_ (the "Trust") formed by Long Beach Acceptance Receivables Corp., a Delaware corporation (the "Depositor"). The Trust was created pursuant to a Pooling and Servicing Agreement dated as of ___________, 20__ (the "Agreement") among the Depositor, Long Beach Acceptance Corp., as originator and as servicer (the "Servicer") and [Name of trustee] of _________________, as trustee (the "Trustee"), Custodian, Collateral Agent and Back-up Servicer, a summary of certain of the pertinent provisions of which is set forth below. To the extent not otherwise defined herein, the capitalized terms used herein have the meanings assigned to them in the Agreement. This Certificate is one of the duly authorized Certificates designated as "Excess Cash Flow Certificates" (herein called the "Excess Cash Flow Certificates"). Also issued under the Agreement are Certificates designated as "___% Asset Backed Certificates, Class A" (the "Class A Certificates"). The Class A Certificates and the Excess Cash Flow Certificates are hereinafter collectively called the "Certificates." This Excess Cash Flow Certificate is issued under and is subject to the terms, provisions, and conditions of the Agreement, to which Agreement the Holder of this Excess Cash Flow Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. The property of the Trust includes (i) a pool of retail installment sale contracts for new and used automobiles, vans, sport utility vehicles and light duty trucks (the "Receivables"), and with respect to Precomputed Receivables, all monies received thereon after the close of business on __________, ____ (the "[Initial] Cutoff Date") in the case of the [Initial] Receivables, [or the related Subsequent Cutoff Date in the case of the Subsequent Receivables] (including in each case Scheduled Payments due or to become due thereon on and after the [Initial] Cutoff Date in the case of the [Initial] Receivables, [or the related Subsequent Cutoff Date in the case of the Subsequent Receivables,] and Scheduled Payments due prior to the...
Long Beach Acceptance Corp. By: By: /s/ Xxxxxx X. Xxxxxxxx ------------------------------- ----------------------------------- Xxxxxx X.
