Regulation RR Risk Retention. GM Financial, as Sponsor, and the Depositor agree that (a) GM Financial will cause the Depositor to, and the Depositor will, retain the “eligible horizontal residual interest” (the “Retained Interest”) (as defined in the Credit Risk Retention Rules) on the Closing Date and (b) GM Financial will not permit the Depositor to, and the Depositor will not, sell, transfer, finance or hedge the Retained Interest except as permitted by the Credit Risk Retention Rules.
Appears in 38 contracts
Samples: Sale and Servicing (GM Financial Consumer Automobile Receivables Trust 2022-3), Sale and Servicing (Afs Sensub Corp.), Sale and Servicing (GM Financial Consumer Automobile Receivables Trust 2022-2)
Regulation RR Risk Retention. GM Financial, as Sponsorsponsor, and the Depositor agree that (a) GM Financial will cause the Depositor to, and the Depositor will, retain the “eligible horizontal residual interest” (the “Retained Interest”) (as defined in the Credit Risk Retention Rules) on the Closing Date and (b) GM Financial will not permit the Depositor to, and the Depositor will not, sell, transfer, finance or hedge the Retained Interest except as permitted by the Credit Risk Retention Rules.
Appears in 16 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 (GM Financial Consumer Automobile Receivables Trust 2024-2)
