Common use of Receivable Not Assumable Clause in Contracts

Receivable Not Assumable. No Receivable is assumable by another Person in a manner which would release the Obligor thereof from such Obligor's obligations to AmeriCredit with respect to such Receivable.

Appears in 39 contracts

Samples: Purchase Agreement (Americredit Automobile Receivables Trust 2003-B-X), Purchase Agreement (Americredit Automobile Receivable Trust 2005-D-A), Sale and Servicing Agreement (Americredit Automobile Receivables Trust 2003-B-X)

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Receivable Not Assumable. No Receivable is assumable by another Person ------------------------ in a manner which would release the Obligor thereof from such Obligor's obligations to AmeriCredit with respect to such Receivable.

Appears in 5 contracts

Samples: Purchase Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc)

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