Ownership of the Certificates or Notes. The Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Certificates or Notes with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as expressly provided herein or in any Basic Document. Notes or Certificates so owned by the Seller or such Affiliate shall have an equal and proportionate benefit under the provisions of the Basic Documents, without preference, priority, or distinction as among all of the Notes or Certificates; provided, however, that any Notes or Certificates owned by the Seller or any Affiliate thereof, during the time such Notes or Certificates are owned by them, shall be without voting rights for any purpose set forth in the Basic Documents. The Seller shall notify the Owner Trustee, the Trustee and the Trust Collateral Agent with respect to any other transfer of any Certificate.
Appears in 171 contracts
Samples: Sale and Servicing (GM Financial Consumer Automobile Receivables Trust 2024-3), Sale and Servicing (GM Financial Consumer Automobile Receivables Trust 2024-3), Sale and Servicing (AmeriCredit Automobile Receivables Trust 2024-1)
Ownership of the Certificates or Notes. The Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Certificates or Notes with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as expressly provided herein or in any Basic Document. Notes or Certificates so owned by the Seller or such Affiliate shall have an equal and proportionate benefit under the provisions of the Basic Documents, without preference, priority, or distinction as among all of the Notes or Certificates; provided, however, that any Notes or Certificates owned by the Seller or any Affiliate thereof, during the time such Notes or Certificates are owned by them, shall be without voting rights for any purpose set forth in the Basic DocumentsDocuments and will not be entitled to the benefits of the Note Policy. The Seller shall notify the Owner Trustee, the Trustee and Trustee, the Trust Collateral Agent and the Insurer with respect to any other transfer of any Certificate.
Appears in 33 contracts
Samples: Sale and Servicing (AmeriCredit Automobile Receivables Trust 2010-B), Sale and Servicing (AmeriCredit Automobile Receivables Trust 2010-A), Sale and Servicing (Americredit Automobile Receivables Trust 2003-D-M)
Ownership of the Certificates or Notes. The Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Certificates or Notes with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as expressly provided herein or in any Basic Document. Notes or Certificates so owned by the Seller or such Affiliate shall have an equal and proportionate benefit under the provisions of the Basic Documents, without preference, priority, or distinction as among all of the Notes or Certificates; provided, however, that any Notes or Certificates owned by the Seller or any Affiliate thereof, during the time such Notes or Certificates are owned by them, shall be without voting rights for any purpose set forth in the Basic Documents. The Seller shall notify the Owner Trustee, the Trustee and the Trust Collateral Agent with respect to any other transfer of any Certificate.
Appears in 2 contracts
Samples: Sale and Servicing (Americredit Financial Services Inc), Sale and Servicing (AmeriCredit Automobile Receivables Trust 2004-1)
Ownership of the Certificates or Notes. The Each Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Certificates or Notes with the same rights as it would have if it were not the a Seller or an Affiliate thereof, except as expressly provided herein or in any Basic Document. Notes or Certificates so owned by the a Seller or such Affiliate shall have an equal and proportionate benefit under the provisions of the Basic Documents, without preference, priority, or distinction as among all of the Notes or Certificates; provided, however, that any Notes or Certificates owned by the a Seller or any Affiliate thereof, during the time such Notes or Certificates are owned by themsuch party, shall be without voting rights for any purpose set forth in the Basic Documents. The Seller Sellers shall notify the Owner Trustee, the Trustee and Trustee, the Trust Collateral Agent and the Administrative Agent with respect to any other transfer of any Certificate.
Appears in 2 contracts
Samples: Sale and Servicing (Americredit Corp), Sale and Servicing Agreement (Americredit Corp)
Ownership of the Certificates or Notes. The Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Certificates Table of Contents or Notes with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as expressly provided herein or in any Basic Document. Notes or Certificates so owned by the Seller or such Affiliate shall have an equal and proportionate benefit under the provisions of the Basic Documents, without preference, priority, or distinction as among all of the Notes or Certificates; provided, however, that any Notes or Certificates owned by the Seller or any Affiliate thereof, during the time such Notes or Certificates are owned by them, shall be without voting rights for any purpose set forth in the Basic Documents. The Seller shall notify the Owner Trustee, the Trustee and the Trust Collateral Agent with respect to any other transfer of any Certificate.
Appears in 1 contract
Samples: Sale and Servicing (Americredit Automobile Receivables Trust 2011-4)
Ownership of the Certificates or Notes. The Each Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Certificates or Notes with the same rights as it would have if it were not the a Seller or an Affiliate thereof, except as expressly provided herein or in any Basic Document. Notes or Certificates so owned by the a Seller or such Affiliate shall have an equal and proportionate benefit under the provisions of the Basic Documents, without preference, priority, or distinction as among all of the Notes or Certificates; provided, however, that any Notes or Certificates owned by the a Seller or any Affiliate thereof, during the time such Notes or Certificates are owned by themsuch party, shall be without voting rights for any purpose set forth in the Basic Documents. The related Seller shall notify the Owner Trustee, the Trustee and Trustee, the Trust Collateral Agent and the Administrative Agent with respect to any other transfer of any Certificate.
Appears in 1 contract
Ownership of the Certificates or Notes. The Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Certificates or Notes with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as expressly provided herein or in any Basic Document. Notes or Certificates so owned by the Seller or such Affiliate shall have an equal and proportionate benefit under the provisions of the Basic Documents, without preference, priority, or distinction as among all of the Notes or Certificates; providedPROVIDED, howeverHOWEVER, that any Notes or Certificates owned by the Seller or any Affiliate thereof, during the time such Notes or Certificates are owned by them, shall be without voting rights for any purpose set forth in the Basic Documents. The Seller shall notify the Owner Trustee, the Trustee and the Trust Collateral Agent with respect to any other transfer of any Certificate.
Appears in 1 contract
Samples: Sale and Servicing (Americredit Financial Services Inc)
Ownership of the Certificates or Notes. The Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Certificates or Notes with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as expressly provided herein or in any Basic Document. Notes or Certificates so owned by the Seller or such Affiliate shall have an equal and proportionate benefit under the provisions of the Basic Documents, without preference, priority, or distinction as among all of the Notes or Certificates; provided, however, that any Notes or Certificates owned by the Seller or any Affiliate thereof, during the time such Notes or Certificates are owned by themsuch party, shall be without voting rights for any purpose set forth in the Basic Documents. The Seller shall notify the Owner Trustee, the Trustee and Trustee, the Trust Collateral Agent and the Administrative Agent with respect to any other transfer of any Certificate.
Appears in 1 contract
Ownership of the Certificates or Notes. The Each Seller and any -------------------------------------- Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Certificates or Notes with the same rights as it would have if it were not the a Seller or an Affiliate thereof, except as expressly provided herein or in any Basic Document. Notes or Certificates so owned by the a Seller or such Affiliate shall have an equal and proportionate benefit under the provisions of the Basic Documents, without preference, priority, or distinction as among all of the Notes or Certificates; provided, however, that any Notes or Certificates owned by the a Seller or any Affiliate thereof, during the time such Notes or Certificates are owned by themsuch party, shall be without voting rights for any purpose set forth in the Basic Documents. The Seller Sellers shall notify the Owner Trustee, the Trustee and Trustee, the Trust Collateral Agent and the Administrative Agent with respect to any other transfer of any Certificate.
Appears in 1 contract