Common use of Long Beach Acceptance Corp Clause in Contracts

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. is the servicer (the “Servicer”), under the Series 2005-B A 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 A Spread Account following all withdrawals required to be made from the Series 2005-B A Spread Account pursuant to priority priorities FIRST through clause (i) of priority SEVENTH 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 2005-B A Spread Account on the Distribution Date pursuant to clause (iii) 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 A 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 YORKXXXXX FARGO BANK, not in its individual capacity but solely as successor to the corporate trust business of JPMORGAN CHASE BANKNATIONAL ASSOCIATION, as Indenture Trustee, Trust Collateral Agent and Collateral Agent By: Name: Title: Dated: [ ], 2008

Long Beach Acceptance Corp. is the servicer (the “Servicer”), under the Series 20052004-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 20052004-B Spread Account following all withdrawals required to be made from the Series 20052004-B Spread Account pursuant to priority priorities FIRST through clause (i) of priority SEVENTH 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 20052004-B Spread Account on the Distribution Date pursuant to clause (iii) 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 20052004-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 YORKXXXXX FARGO BANK, not in its individual capacity but solely as successor to the corporate trust business of JPMORGAN CHASE BANKNATIONAL ASSOCIATION, as Indenture Trustee, Trust Collateral Agent and Collateral Agent By: Name: Title: Dated: [ ], 2008

Long Beach Acceptance Corp. is the servicer (the “Servicer”), under the Series 20052004-B C 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 20052004-B C Spread Account following all withdrawals required to be made from the Series 20052004-B C 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 20052004-B C 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 20052004-B C 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. is the servicer (the “Servicer”), under the Series 20052006-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 20052006-B Spread Account following all withdrawals required to be made from the Series 20052006-B Spread Account pursuant to priority priorities FIRST through clause (i) of priority SEVENTH 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 20052006-B Spread Account on the Distribution Date pursuant to clause (iii) 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: Securitization Release Amount Wiring Instructions [The amount to be released to the Long Beach Acceptance Auto Receivables Trust 20052006-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 DEUTSCHE BANK OF NEW YORK, not in its individual capacity but solely as successor to the corporate trust business of JPMORGAN CHASE BANKTRUST COMPANY AMERICAS, as Indenture Trustee, Trust Collateral Agent and Collateral Agent By: Name: Title: Dated: [ ], 2008

Long Beach Acceptance Corp. is the servicer (the “Servicer”), under the Series 20052007-B A Sale and Servicing Agreement. The Servicer has determined that (ithat(i) the aggregate amount of all Total Enhancement Shortfalls is $[ ], (ii) the amount that will be on deposit in the Series 20052007-B A Spread Account following all withdrawals required to be made from the Series 20052007-B A 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 20052007-B A 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 20052007-B A 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 YORKXXXXX FARGO BANK, not in its individual capacity but solely as successor to the corporate trust business of JPMORGAN CHASE BANKNATIONAL ASSOCIATION, as Indenture Trustee, Trust Collateral Agent and Collateral Agent By: Name: Title: Dated: [ ], 2008

Long Beach Acceptance Corp. is the servicer (the “Servicer”), under the Series 20052004-B A 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 20052004-B A Spread Account following all withdrawals required to be made from the Series 20052004-B A 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 20052004-B A 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: Securitization Release Amount Wiring Instructions [The amount to be released to the Long Beach Acceptance Auto Receivables Trust 20052004-B A 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. is the servicer (the “Servicer”), under the Series 20052006-B A 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 20052006-B A Spread Account following all withdrawals required to be made from the Series 20052006-B A Spread Account pursuant to priority FIRST through clause (i) first 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 20052006-B A 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: Securitization Release Amount Wiring Instructions [The amount to be released to the Long Beach Acceptance Auto Receivables Trust 20052006-B A 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 YORKXXXXX FARGO BANK, not in its individual capacity but solely as successor to the corporate trust business of JPMORGAN CHASE BANKNATIONAL ASSOCIATION, as Indenture Trustee, Trust Collateral Agent and Collateral Agent By: Name: Title: Dated: [ ], 2008