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Common use of Procedures to be Performed Clause in Contracts

Procedures to be Performed. Verify the Contract or the Agreement to Provide Insurance requires the Receivable to be covered by a comprehensive and collision insurance policy at the time of origination or that language exists allowing the seller to obtain physical loss and damage insurance at the expense of the Obligor if the Obligor fails to do so.

Appears in 46 contracts

Samples: Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2021-3), Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2021-3), Asset Representations Review Agreement (AmeriCredit Automobile Receivables Trust 2021-1)

Procedures to be Performed. Verify the Contract or the Agreement to Provide Insurance requires the Receivable to be covered by a comprehensive and collision insurance policy at the time of origination or that language exists allowing the seller holder to obtain physical loss and damage insurance at the expense of the Obligor if the Obligor fails to do so.

Appears in 15 contracts

Samples: Asset Representations Review Agreement (AmeriCredit Automobile Receivables Trust 2023-1), Asset Representations Review Agreement (AmeriCredit Automobile Receivables Trust 2023-1), Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2023-1)

Procedures to be Performed. Verify the Contract or the Agreement to Provide Insurance requires the Receivable to be covered by a comprehensive and collision insurance policy at the time of origination or that language exists allowing the seller to obtain physical loss and damage insurance at the expense of the Obligor if the Obligor fails to do soorigination.

Appears in 13 contracts

Samples: Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2025-1), Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2025-1), Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2024-4)

Procedures to be Performed. [Verify the Contract or the Agreement to Provide Insurance requires the Receivable to be covered by a comprehensive and collision insurance policy at the time of origination or that language exists allowing the seller holder to obtain physical loss and damage insurance at the expense of the Obligor if the Obligor fails to do so.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Afs Sensub Corp.)