New Debtor. In the event that GMAC shall change the jurisdiction in which it is incorporated or otherwise enter into any transaction which would result in a "new debtor" (as defined in the UCC) succeeding to the obligations of GMAC hereunder, GMAC shall comply fully with the obligations of Section 5.02(a).
Appears in 16 contracts
Sources: Pooling and Servicing Agreement (Capital Auto Receivables Inc), Pooling and Servicing Agreement (Capital Auto Receivables Inc), Pooling and Servicing Agreement (Capital Auto Receivables Inc)
New Debtor. In the event that GMAC GMACNA shall change the jurisdiction in which it is incorporated or otherwise enter into any transaction which would result in a "new debtor" (as defined in the UCC) succeeding to the obligations of GMAC GMACNA hereunder, GMAC GMACNA shall comply fully with the obligations of Section 5.02(a4.1(a).
Appears in 2 contracts
Sources: Sale Agreement (Capital Auto Receivables Inc), Sale Agreement (Capital Auto Receivables Inc)
New Debtor. In the event that GMAC shall change the jurisdiction in which it is incorporated formed or otherwise enter into any transaction which would result in a "“new debtor" ” (as defined in the UCC) succeeding to the obligations of GMAC hereunder, GMAC shall comply fully with the obligations of Section 5.02(a).
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Capital Auto Receivables LLC), Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2007-1)
New Debtor. In the event that GMAC shall change the jurisdiction in which it is incorporated or otherwise enter into any transaction which would result in a "“new debtor" ” (as defined in the UCC) succeeding to the obligations of GMAC hereunder, GMAC shall comply fully with the obligations of Section 5.02(a).
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2006-1)
New Debtor. In the event that GMAC shall change the jurisdiction in which it is incorporated formed, or otherwise enter into any transaction which would result in a "new debtor" (as defined in the UCC) succeeding to the obligations of GMAC hereunder, GMAC shall comply fully with the obligations of Section 5.02(a).
Appears in 1 contract
Sources: Pooling and Administration Agreement (Capital Auto Receivables Asset Trust 2007-Sn1)