SALE AND SERVICING AGREEMENT among AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2011-1, Issuer, AFS SENSUB CORP., Seller, AMERICREDIT FINANCIAL SERVICES, INC., Servicer, and WELLS FARGO BANK, NATIONAL ASSOCIATION, Backup Servicer and Trust Collateral...

Exhibit 4.3

SALE AND SERVICING

AGREEMENT

among

AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2011-1,

Issuer,

AFS SENSUB CORP.,

Seller,

AMERICREDIT FINANCIAL SERVICES, INC.,

Servicer,

and

XXXXX FARGO BANK, NATIONAL ASSOCIATION,

Backup Servicer and Trust Collateral Agent

Dated as of January 18, 2011

TABLE OF CONTENTS


		Page
ARTICLE I Definitions			1

SECTION 1.1.	Definitions		1
SECTION 1.2.	Other Definitional Provisions		19

ARTICLE II Conveyance of Receivables			20

SECTION 2.1.	Conveyance of Receivables		20
SECTION 2.2.	[Reserved]		21
SECTION 2.3.	Further Encumbrance of Trust Property		21
SECTION 2.4.	Intention of the Parties		22

ARTICLE III The Receivables			23

SECTION 3.1.	Representations and Warranties of Seller		23
SECTION 3.2.	Repurchase upon Breach		23
SECTION 3.3.	Custody of Receivable Files		24

ARTICLE IV Administration and Servicing of Receivables			25

SECTION 4.1.	Duties of the Servicer and the Backup Servicer		25
SECTION 4.2.	Collection of Receivable Payments; Modifications of Receivables; Lockbox Agreements		26
SECTION 4.3.	Realization upon Receivables		29
SECTION 4.4.	Insurance		31
SECTION 4.5.	Maintenance of Security Interests in Vehicles		32
SECTION 4.6.	Covenants, Representations, and Warranties of Servicer		33
SECTION 4.7.	Purchase of Receivables Upon Breach of Covenant		33
SECTION 4.8.	Total Servicing Fee; Payment of Certain Expenses by Servicer		34
SECTION 4.9.	Servicer’s Certificate		35
SECTION 4.10.	Annual Statement as to Compliance, Notice of Servicer Termination Event		35
SECTION 4.11.	Annual Independent Public Accountants’ Reports		36
SECTION 4.12.	Access to Certain Documentation and Information Regarding Receivables		37
SECTION 4.13.	Monthly Tape		37

ARTICLE V Trust Accounts; Distributions; Statements to Noteholders			38

SECTION 5.1.	Establishment of Trust Accounts		38
SECTION 5.2.	[Reserved]		41
SECTION 5.3.	Certain Reimbursements to the Servicer		41
SECTION 5.4.	Application of Collections		41
SECTION 5.5.	[Reserved]		41
SECTION 5.6.	Additional Deposits		41
SECTION 5.7.	Distributions		41


SECTION 5.8.	Reserve Account	45
SECTION 5.9.	Statements to Noteholders	46

ARTICLE VI [Reserved]		47

ARTICLE VII The Seller		47

SECTION 7.1.	Representations of Seller	47
SECTION 7.2.	Corporate Existence	49
SECTION 7.3.	Liability of Seller; Indemnities	50
SECTION 7.4.	Merger or Consolidation of, or Assumption of the Obligations of, Seller	51
SECTION 7.5.	Limitation on Liability of Seller and Others	51
SECTION 7.6.	Ownership of the Certificates or Notes	51

ARTICLE VIII The Servicer and the Backup Servicer		52

SECTION 8.1.	Representations of Servicer	52
SECTION 8.2.	Representations of Backup Servicer	53
SECTION 8.3.	Liability of Servicer and Backup Servicer; Indemnities	55
SECTION 8.4.	Merger or Consolidation of, or Assumption of the Obligations of the Servicer or Backup Servicer	57
SECTION 8.5.	Limitation on Liability of Servicer, Backup Servicer and Others	58
SECTION 8.6.	Delegation of Duties	59
SECTION 8.7.	Servicer and Backup Servicer Not to Resign	59

ARTICLE IX Default		59

SECTION 9.1.	Servicer Termination Event	59
SECTION 9.2.	Consequences of a Servicer Termination Event	60
SECTION 9.3.	Appointment of Successor	61
SECTION 9.4.	Notification to Noteholders	63
SECTION 9.5.	Waiver of Past Defaults	63
SECTION 9.6.	Backup Servicer Termination	63

ARTICLE X Termination		63

SECTION 10.1.	Optional Purchase of All Receivables	63

ARTICLE XI Administrative Duties of the Servicer		64

SECTION 11.1.	Administrative Duties	64
SECTION 11.2.	Records	66
SECTION 11.3.	Additional Information to be Furnished to the Issuer	66

ARTICLE XII Miscellaneous Provisions		67

SECTION 12.1.	Amendment	67
SECTION 12.2.	Protection of Title to Trust	68
SECTION 12.3.	Notices	69


SECTION 12.4.	Assignment	70
SECTION 12.5.	Limitations on Rights of Others	70
SECTION 12.6.	Severability	70
SECTION 12.7.	Separate Counterparts	71
SECTION 12.8.	Headings	71
SECTION 12.9.	Governing Law	71
SECTION 12.10.	Assignment to Trust Collateral Agent	71
SECTION 12.11.	Nonpetition Covenants	71
SECTION 12.12.	Limitation of Liability of Owner Trustee and Trust Collateral Agent	72
SECTION 12.13.	Independence of the Servicer	72
SECTION 12.14.	No Joint Venture	72
SECTION 12.15.	State Business Licenses	72


SCHEDULES

Schedule A		Schedule of Receivables
Schedule B		Representations and Warranties of the Seller and the Servicer
Schedule C		Servicing Policies and Procedures

EXHIBITS

Exhibit A		Form of Servicer’s Certificate

iii

SALE AND SERVICING AGREEMENT dated as of January 18, 2011, among AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2011-1, a Delaware statutory trust (the “Issuer”), AFS SENSUB CORP., a Nevada corporation (the “Seller”), AMERICREDIT FINANCIAL SERVICES, INC., a Delaware corporation (the “Servicer”), and XXXXX FARGO BANK, NATIONAL ASSOCIATION, a national banking association, in its capacity as Backup Servicer and Trust Collateral Agent.

WHEREAS the Issuer desires to purchase a portfolio of receivables arising in connection with motor vehicle retail installment sale contracts made by AmeriCredit Financial Services, Inc. or an Originating Affiliate or acquired by AmeriCredit Financial Services, Inc. or an Originating Affiliate through motor vehicle dealers and third party lenders;

WHEREAS the Seller has purchased such receivables from AmeriCredit Financial Services, Inc. and is willing to sell such receivables to the Issuer;

WHEREAS the Servicer is willing to service all such receivables;

WHEREAS the Backup Servicer is willing to provide backup servicing for all such receivables;

NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, the parties hereto agree as follows:

ARTICLE I

Definitions

SECTION 1.1. Definitions. Whenever used in this Agreement, the following words and phrases shall have the following meanings:

“Accelerated Principal Amount” for a Distribution Date will equal the lesser of

(x) the excess, if any, of the amount of Available Funds on such Distribution Date over the amounts payable on such Distribution Date pursuant to clauses (i) through (xix) of Section 5.7(a); and

(y) the excess, if any, on such Distribution Date of (i) the Pro Forma Note Balance for such Distribution Date over (ii) the Required Pro Forma Note Balance for such Distribution Date.

“Accountants’ Report” means the report of a firm of nationally recognized Independent Accountants described in Section 4.11.

“Accounting Date” means, with respect to any Collection Period the last day of such Collection Period.

“Affiliate” means, with respect to any specified Person, any other Person controlling or controlled by or under common control with such specified Person. For the purposes of this

definition, “control” when used with respect to any Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

“Aggregate Principal Balance” means, with respect to any date of determination, the sum of the Principal Balances for all Receivables (other than (i) any Receivable that became a Liquidated Receivable prior to the end of the related Collection Period and (ii) any Receivable that became a Purchased Receivable prior to the end of the related Collection Period) as of the date of determination.

“Agreement” means this Sale and Servicing Agreement, as the same may be amended and supplemented from time to time.

“AmeriCredit” means AmeriCredit Financial Services, Inc.

“Amount Financed” means, with respect to a Receivable, the aggregate amount advanced under such Receivable toward the purchase price of the Financed Vehicle and any related costs, including amounts advanced in respect of accessories, insurance premiums, service contracts, car club and warranty contracts, other items customarily financed as part of motor vehicle retail installment sale contracts or promissory notes, and related costs.

“Annual Percentage Rate” or “APR” of a Receivable means the annual percentage rate of finance charges or service charges, as stated in the related Contract.

“Auto Loan Purchase and Sale Agreement” means any agreement between a Third-Party Lender and AmeriCredit or an Originating Affiliate relating to the acquisition of Receivables from a Third-Party Lender by AmeriCredit or an Originating Affiliate.

“Available Funds” means, with respect to any Distribution Date, the sum of (i) the Collected Funds for the related Collection Period, (ii) all Purchase Amounts deposited in the Trust Accounts during the related Collection Period, plus Investment Earnings with respect to the Trust Accounts for the related Collection Period, (iii) following the acceleration of the Notes pursuant to Section 5.2 of the Indenture, the amount of money or property collected pursuant to Section 5.3 of the Indenture since the preceding Distribution Date by the Trust Collateral Agent for distribution pursuant to Section 5.6 and Section 5.8 of the Indenture, (iv) the proceeds of any purchase or sale of the assets of the Trust described in Section 10.1 and (v) amounts, if any, released from the Reserve Account pursuant to Section 5.8(a)(iii)(B) hereof on such Distribution Date.

“Backup Servicer” means Xxxxx Fargo Bank, National Association so long as it is the Trustee under the Indenture, or any successor backup servicer appointed in accordance with Section 8.7.

“Base Servicing Fee” means, with respect to any Collection Period, the fee payable to the Servicer for services rendered during such Collection Period, which shall be equal to the product of (i) the Servicing Fee Rate times (ii) the aggregate Principal Balance of the Receivables as of the opening of business on the first day of such Collection Period (or in the case of the first

Distribution Date, January 19, 2011) times (iii) one-twelfth (or in the case of the first Distribution Date, the actual number of days during the Collection Period divided by 360).

“Basic Documents” means this Agreement, the Certificate of Trust, the Trust Agreement, the Indenture, the Custodian Agreement, the Lockbox Account Agreement, the Lockbox Processing Agreement, the Underwriting Agreement, the Purchase Agreement, the Note Purchase Agreement and other documents and certificates delivered in connection therewith.

“Business Day” means any day other than a Saturday, a Sunday, a legal holiday or other day on which commercial banking institutions located in Wilmington, Delaware, Fort Worth, Texas, Minneapolis, Minnesota or New York, New York or any other location of any successor Servicer, successor Owner Trustee or successor Trust Collateral Agent are authorized or obligated by law, executive order or governmental decree to be closed.

“Certificate” means the trust certificate evidencing the beneficial interest of the Certificateholder in the Trust.

“Certificate Distribution Account” has the meaning assigned to such term in the Trust Agreement.

“Certificateholder” means the Person in whose name the Certificate is registered.

“Class” means the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class B Notes, the Class C Notes, the Class D Notes and/or the Class E Notes, as the context requires.

“Class A Notes” means the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes.

“Class A Principal Parity Amount” means, with respect to any Distribution Date, the lesser of (I) the excess, if any, of (x) the aggregate remaining principal balance of the Class A Notes immediately prior to such Distribution Date over (y) the Pool Balance as of the end of the immediately preceding Collection Period and (II) the amount of Total Available Funds remaining on deposit in the Collection Account after the funding of the items described in clauses (i) through (iii) of Section 5.7(a) on such Distribution Date.

“Class A-1 Notes” has the meaning assigned to such term in the Indenture.

“Class A-2 Notes” has the meaning assigned to such term in the Indenture.

“Class A-3 Notes” has the meaning assigned to such term in the Indenture.

“Class B Notes” has the meaning assigned to such term in the Indenture.

“Class B Principal Parity Amount” means, with respect to any Distribution Date, the lesser of (I) the excess of (A) the excess, if any, of (x) the aggregate remaining principal balance of the Class A Notes and of the Class B Notes, in each case immediately prior to such Distribution Date over (y) the Pool Balance as of the end of the immediately preceding Collection Period over (B) the sum of the Class A Principal Parity Amount for such Distribution

Date plus any payments made on the Class A Notes as a Matured Principal Shortfall on such Distribution Date and (II) the amount of Total Available Funds remaining on deposit in the Collection Account after the funding of the items described in clauses (i) through (vi) of Section 5.7(a) on such Distribution Date.

“Class C Notes” has the meaning assigned to such term in the Indenture.

“Class C Principal Parity Amount” means, with respect to any Distribution Date, the lesser of (I) the excess of (A) the excess, if any, of (x) the aggregate remaining principal balance of the Class A Notes, of the Class B Notes and of the Class C Notes, in each case immediately prior to such Distribution Date over (y) the Pool Balance as of the end of the immediately preceding Collection Period over (B) the sum of the Class A Principal Parity Amount and the Class B Principal Parity Amount for such Distribution Date plus any payments made on the Class A Notes or the Class B Notes as a Matured Principal Shortfall on such Distribution Date and (II) the amount of Total Available Funds remaining on deposit in the Collection Account after the funding of the items described in clauses (i) through (ix) of Section 5.7(a) on such Distribution Date.

“Class D Notes” has the meaning assigned to such term in the Indenture.

“Class D Principal Parity Amount” means, with respect to any Distribution Date, the lesser of (I) the excess of (A) the excess, if any, of (x) the aggregate remaining principal balance of the Class A Notes, of the Class B Notes, of the Class C Notes and of the Class D Notes, in each case immediately prior to such Distribution Date over (y) the Pool Balance as of the end of the immediately preceding Collection Period over (B) the sum of the Class A Principal Parity Amount, the Class B Principal Parity Amount and the Class C Principal Parity Amount for such Distribution Date plus any payments made on the Class A Notes, the Class B Notes or the Class C Notes as a Matured Principal Shortfall on such Distribution Date and (II) the amount of Total Available Funds remaining on deposit in the Collection Account after the funding of the items described in clauses (i) through (xii) of Section 5.7(a) on such Distribution Date.

“Class E Notes” has the meaning assigned to such term in the Indenture.

“Class E Principal Parity Amount” means, with respect to any Distribution Date, the lesser of (I) the excess of (A) the excess, if any, of (x) the aggregate remaining principal balance of the Class A Notes, of the Class B Notes, of the Class C Notes, of the Class D Notes and of the Class E Notes, in each case immediately prior to such Distribution Date over (y) the Pool Balance as of the end of the immediately preceding Collection Period over (B) the sum of the Class A Principal Parity Amount, the Class B Principal Parity Amount, the Class C Principal Parity Amount and the Class D Principal Parity Amount for such Distribution Date plus any payments made on the Class A Notes, the Class B Notes, the Class C Notes or the Class D Notes as a Matured Principal Shortfall on such Distribution Date and (II) the amount of Total Available Funds remaining on deposit in the Collection Account after the funding of the items described in clauses (i) through (xv) of Section 5.7(a) on such Distribution Date.

“Closing Date” means February 2, 2011.

“Collateral Insurance” shall have the meaning set forth in Section 4.4(a).

“Collected Funds” means, with respect to any Collection Period, the amount of funds in the Collection Account representing collections on the Receivables during such Collection Period, including all Net Liquidation Proceeds collected during such Collection Period (but excluding any Purchase Amounts).

“Collection Account” means the account designated as such, established and maintained pursuant to Section 5.1.

“Collection Period” means, with respect to the first Distribution Date, the period beginning as of the close of business on January 18, 2011 and ending as of the close of business on January 31, 2011. With respect to each subsequent Distribution Date, “Collection Period” means the period beginning as of the close of business on the last day of the second preceding calendar month and ending as of the close of business on the last day of the immediately preceding calendar month. Any amount stated “as of the close of business” shall give effect to the following calculations as determined as of the end of the day on such day: (i) all applications of collections and (ii) all distributions.

“Collection Records” means all manually prepared or computer generated records relating to collection efforts or payment histories with respect to the Receivables.

“Commission” means the United States Securities and Exchange Commission.

“Computer Tape” means the computer tapes or other electronic media furnished by the Servicer to the Issuer and its assigns describing certain characteristics of the Receivables as of the Cutoff Date.

“Contract” means a motor vehicle retail installment sale contract or promissory note.

“Controlling Party” means the Trust Collateral Agent, for the benefit of the Noteholders.

“Corporate Trust Office” means (i) with respect to the Owner Trustee, the principal corporate trust office of the Owner Trustee, which at the time of execution of this agreement is Xxxxxx Square North, 0000 Xxxxx Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000-0000, Attention: Corporate Trust Administration, and (ii) with respect to the Trustee, the Trust Collateral Agent and the Backup Servicer, the principal office thereof at which at any particular time its corporate trust business shall be administered, which at the time of execution of this agreement is Sixth Street and Marquette Avenue, MAC N9311-161, Xxxxxxxxxxx, Xxxxxxxxx 00000, Attention: Corporate Trust Office.

“Cram Down Loss” means, with respect to a Receivable that has not become a Liquidated Receivable, if a court of appropriate jurisdiction in a proceeding related to an Insolvency Event shall have issued an order reducing the amount owed on a Receivable or otherwise modifying or restructuring the Scheduled Receivables Payments to be made on a Receivable, an amount equal to (i) the excess of the Principal Balance of such Receivable immediately prior to such order over the Principal Balance of such Receivable as so reduced and/or (ii) if such court shall have issued an order reducing the effective rate of interest on such Receivable, the excess of the Principal Balance of such Receivable immediately prior to such order over the net present value (using as the discount rate the higher of the APR on such Receivable or the rate of interest, if any,

specified by the court in such order) of the Scheduled Receivables Payments as so modified or restructured. A “Cram Down Loss” shall be deemed to have occurred on the date of issuance of such order.

“Custodian” means AmeriCredit and any other Person named from time to time as custodian in any Custodian Agreement acting as agent for the Trust Collateral Agent, which Person must be acceptable to the Controlling Party (the Custodian as of the Closing Date is acceptable to the Controlling Party).

“Custodian Agreement” means any Custodian Agreement from time to time in effect between the Custodian named therein and the Trust Collateral Agent, as the same may be amended, supplemented or otherwise modified from time to time in accordance with the terms thereof, which Custodian Agreement and any amendments, supplements or modifications thereto shall be acceptable to the Controlling Party.

“Cutoff Date” means January 18, 2011.

“Dealer” means a dealer who sold a Financed Vehicle and who originated and assigned the respective Receivable to AmeriCredit or an Originating Affiliate under a Dealer Agreement or pursuant to a Dealer Assignment.

“Dealer Agreement” means any agreement between a Dealer and AmeriCredit or an Originating Affiliate relating to the acquisition of Receivables from a Dealer by AmeriCredit or an Originating Affiliate.

“Dealer Assignment” means, with respect to a Receivable, the executed assignment executed by a Dealer conveying such Receivable to AmeriCredit or an Originating Affiliate.

“Delivery” when used with respect to Trust Account Property means:

(a) with respect to bankers’ acceptances, commercial paper, negotiable certificates of deposit and other obligations that constitute “instruments” within the meaning of Section 9-102(a)(47) of the UCC and are susceptible of physical delivery, transfer thereof to the Trust Collateral Agent by physical delivery to the Trust Collateral Agent endorsed to, or registered in the name of, the Trust Collateral Agent or endorsed in blank, and, with respect to a certificated security (as defined in Section 8-102(a)(4) of the UCC), transfer thereof (i) by delivery thereof to the Trust Collateral Agent of such certificated security endorsed to, or registered in the name of, the Trust Collateral Agent or (ii) by delivery thereof to a “clearing corporation” (as defined in Section 8-102(a)(5) of the UCC) and the making by such clearing corporation of appropriate entries on its books reducing the appropriate securities account of the transferor and increasing the appropriate securities account of the Trust Collateral Agent by the amount of such certificated security and the identification by the clearing corporation of the certificated securities for the sole and exclusive account of the Trust Collateral Agent (all of the foregoing, “Physical Property”), and, in any event, any such Physical Property in registered form shall be in the name of the Trust Collateral Agent or its nominee; and such additional or alternative procedures as may hereafter become appropriate to effect the complete transfer of ownership of any such Trust Account Property to the Trust Collateral Agent or its nominee or custodian, consistent with changes in applicable law or regulations or the interpretation thereof;

(b) with respect to any security issued by the U.S. Treasury, the Federal Home Loan Mortgage Corporation or by the Federal National Mortgage Association that is a book-entry security held through the Federal Reserve System pursuant to federal book-entry regulations, the following procedures, all in accordance with applicable law, including applicable Federal regulations and Articles 8 and 9 of the UCC: book-entry registration of such Trust Account Property to an appropriate book-entry account maintained with a Federal Reserve Bank by a securities intermediary that is also a “depository” pursuant to applicable federal regulations; the making by such securities intermediary of entries in its books and records crediting such Trust Account Property to the Trust Collateral Agent’s securities account at the securities intermediary and identifying such book-entry security held through the Federal Reserve System pursuant to federal book-entry regulations as belonging to the Trust Collateral Agent; and such additional or alternative procedures as may hereafter become appropriate to effect complete transfer of ownership of any such Trust Account Property to the Trust Collateral Agent, consistent with changes in applicable law or regulations or the interpretation thereof;

(c) with respect to any item of Trust Account Property that is an uncertificated security under Article 8 of the UCC and that is not governed by clause (b) above, registration on the books and records of the issuer thereof in the name of the Trust Collateral Agent or its nominee or custodian who either (i) becomes the registered owner on behalf of the Trust Collateral Agent or (ii) having previously become the registered owner, acknowledges that it holds for the Trust Collateral Agent; and

(d) with respect to any item of Trust Account Property that is a financial asset under Article 8 of the UCC and that is not governed by clause (b) above, causing the securities intermediary to indicate on its books and records that such financial asset has been credited to a securities account of the Trust Collateral Agent.

“Determination Date” means, with respect to any Collection Period, the second Business Day prior to the related Distribution Date.

“Distribution Date” means, with respect to each Collection Period, the eighth day of the following calendar month, or, if such day is not a Business Day, the immediately following Business Day, commencing February 8, 2011. If AmeriCredit is no longer acting as Servicer, the distribution date may be a different day of the month.

“Electronic Ledger” means the electronic master record of the retail installment sales contracts or installment loans of the Servicer.

“Eligible Deposit Account” means a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as (i) any of the securities of such depository institution have a credit rating from each Rating Agency in one of its generic rating categories which signifies investment grade and (ii) such depository institutions’ deposits are insured by the FDIC.

“Eligible Investments” mean book-entry securities, negotiable instruments or securities represented by instruments in bearer or registered form which evidence:

(a) direct obligations of, and obligations fully guaranteed as to timely payment by, the United States of America;

(b) demand deposits, time deposits or certificates of deposit of any depository institution or trust company incorporated under the laws of the United States of America or any state thereof or the District of Columbia (or any domestic branch of a foreign bank) and subject to supervision and examination by federal or state banking or depository institution authorities (including depository receipts issued by any such institution or trust company as custodian with respect to any obligation referred to in clause (a) above or portion of such obligation for the benefit of the holders of such depository receipts); provided, however, that at the time of the investment or contractual commitment to invest therein (which shall be deemed to be made again each time funds are reinvested following each Distribution Date), the commercial paper or other short-term senior unsecured debt obligations (other than such obligations the rating of which is based on the credit of a Person other than such depository institution or trust company) of such depository institution or trust company shall have a credit rating from Standard & Poor’s of A-1+ and from Moody’s of Prime-1;

(c) commercial paper and demand notes investing solely in commercial paper having, at the time of the investment or contractual commitment to invest therein, a rating from Standard & Poor’s of A-1+ and from Moody’s of Prime-1;

(d) investments in money market funds (including funds for which the Trust Collateral Agent or the Owner Trustee in each of their individual capacities or any of their respective Affiliates is investment manager, controlling party or advisor) having a rating from Standard & Poor’s of AAA-m or AAAm-G and from Moody’s of Aaa;

(e) bankers’ acceptances issued by any depository institution or trust company referred to in clause (b) above;

(f) repurchase obligations with respect to any security that is a direct obligation of, or fully guaranteed by, the United States of America or any agency or instrumentality thereof the obligations of which are backed by the full faith and credit of the United States of America, in either case entered into with a depository institution or trust company (acting as principal) referred to in clause (b) above;

(g) any other investment which would satisfy the Rating Agency Condition and is consistent with the ratings of the Securities or any other investment that by its terms converts to cash within a finite period, if the Rating Agency Condition is satisfied with respect thereto; and

(h) cash denominated in United States dollars.

Any of the foregoing Eligible Investments may be purchased by or through the Owner Trustee or the Trust Collateral Agent or any of their respective Affiliates.

“Exchange Act” means the Securities Exchange Act of 1934, as amended.

“FDIC” means the Federal Deposit Insurance Corporation.

“Final Scheduled Distribution Date” means with respect to (i) the Class A-1 Notes, the February 8, 2012 Distribution Date, (ii) the Class A-2 Notes, the June 9, 2014 Distribution Date, (iii) the Class A-3 Notes, the September 8, 2015 Distribution Date, (iv) the Class B Notes, the February 8, 2016 Distribution Date, (v) the Class C Notes, the August 8, 2016 Distribution Date, (vi) the Class D Notes, the February 8, 2017 Distribution Date and (vii) the Class E Notes, the July 9, 2018 Distribution Date.

“Financed Vehicle” means an automobile or light-duty truck van or minivan, together with all accessions thereto, securing an Obligor’s indebtedness under the respective Receivable.

“Force-Placed Insurance” has the meaning ascribed thereto in Section 4.4 hereof.

“Indenture” means the Indenture dated as of January 18, 2011, between the Issuer and Xxxxx Fargo Bank, National Association, as Trust Collateral Agent and Trustee, as the same may be amended and supplemented from time to time.

“General Motors Financial Company, Inc.” means General Motors Financial Company, Inc. (f/k/a AmeriCredit Corp.).

“Independent Accountants” shall have the meaning set forth in Section 4.11(a).

“Initial Purchasers” means Barclays Capital Inc., Credit Suisse Securities (USA) LLC and Xxxxx Fargo Securities, LLC as initial purchasers of the Class E Notes pursuant to the Note Purchase Agreement.

“Insolvency Event” means, with respect to a specified Person, (a) the filing of a petition against such Person or the entry of a decree or order for relief by a court having jurisdiction in the premises in respect of such Person or any substantial part of its property in an involuntary case under any applicable federal or state bankruptcy, insolvency or other similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator, or similar official for such Person or for any substantial part of its property, or ordering the winding-up or liquidation or such Person’s affairs, and such petition, decree or order shall remain unstayed and in effect for a period of 60 consecutive days; or (b) the commencement by such Person of a voluntary case under any applicable federal or state bankruptcy, insolvency or other similar law now or hereafter in effect, or the consent by such Person to the entry of an order for relief in an involuntary case under any such law, or the consent by such Person to the appointment of or taking possession by, a receiver, liquidator, assignee, custodian, trustee, sequestrator, or similar official for such Person or for any substantial part of its property, or the making by such Person of any general assignment for the benefit of creditors, or the failure by such Person generally to pay its debts as such debts become due, or the taking of action by such Person in furtherance of any of the foregoing.

“Insurance Add-On Amount” means the premium charged to the Obligor in the event that the Servicer obtains Force-Placed Insurance pursuant to Section 4.4.

“Insurance Policy” means, with respect to a Receivable, any insurance policy (including the insurance policies described in Section 4.4 hereof) benefiting the holder of the Receivable providing loss or physical damage, credit life, credit disability, theft, mechanical breakdown or similar coverage with respect to the Financed Vehicle or the Obligor.

“Interest Period” means, with respect to any Distribution Date, the period from and including the most recent Distribution Date on which interest has been paid (or in the case of the first Distribution Date, from and including the Closing Date) to, but excluding, the following Distribution Date.

“Interest Rate” means, with respect to (i) the Class A-1 Notes, 0.32163% per annum (computed on the basis of a 360-day year and the actual number of days elapsed in the applicable Interest Period), (ii) the Class A-2 Notes, 0.84% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months), (iii) the Class A-3 Notes, 1.39% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months), (iv) the Class B Notes, 2.19% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months), (v) the Class C Notes, 2.85% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months), (vi) the Class D Notes, 4.26% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months) and (vii) the Class E Notes, 6.23% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).

“Investment Company Act” means the Investment Company Act of 1940, as amended.

“Investment Earnings” means, with respect to any date of determination and Trust Accounts, the investment earnings on amounts on deposit in such Trust Accounts on such date.

“Issuer” means AmeriCredit Automobile Receivables Trust 2011-1.

“Issuer Secured Parties” means the Trustee in respect of the Trustee Issuer Secured Obligations.

“Lien” means a security interest, lien, charge, pledge, equity, or encumbrance of any kind, other than tax liens, mechanics’ liens and any liens that attach to the respective Receivable by operation of law as a result of any act or omission by the related Obligor.

“Lien Certificate” means, with respect to a Financed Vehicle, an original certificate of title, certificate of lien or other notification issued by the Registrar of Titles of the applicable state to a secured party which indicates that the lien of the secured party on the Financed Vehicle is recorded on the original certificate of title. In any jurisdiction in which the original certificate of title is required to be given to the Obligor, the term “Lien Certificate” shall mean only a certificate or notification issued to a secured party. For Financed Vehicles registered in states which issue confirmation of the lienholder’s interest electronically, the “Lien Certificate” may consist of notification of an electronic recordation, by either a third party service provider or the relevant Registrar of Titles of the applicable state, which indicates that the lien of the secured party on the Financed Vehicle is recorded on the original certificate of title on the electronic lien and title system of the applicable state.

“Liquidated Receivable” means, with respect to any Collection Period, a Receivable for which, as of the last day of the Collection Period (i) 90 days have elapsed since the Servicer repossessed the Financed Vehicle; provided, however, that in no case shall 10% or more of a Scheduled Receivables Payment have become 210 or more days delinquent in the case of a repossessed Financed Vehicle, (ii) the Servicer has determined in good faith that all amounts it expects to recover have been received, (iii) 10% or more of a Scheduled Receivables Payment shall have become 120 or more days delinquent, except in the case of a repossessed Financed Vehicle, or (iv) that is, without duplication, a Sold Receivable.

“Liquidation Proceeds” means, with respect to a Liquidated Receivable, all amounts realized with respect to such Receivable and, with respect to a Sold Receivable, the related Sale Amount.

“Lockbox Account” means an account maintained on behalf of the Trust Collateral Agent by the Lockbox Bank pursuant to Section 4.2(d).

“Lockbox Account Agreement” means the Lockbox Account Agreement, dated as of January 18, 2011, by and among AmeriCredit, JPMorgan Chase Bank, N.A. and the Trust Collateral Agent, as such agreement may be amended or supplemented from time to time, unless the Trust Collateral Agent shall cease to be a party thereunder, or such agreement shall be terminated in accordance with its terms, in which event “Lockbox Account Agreement” shall mean any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.

“Lockbox Agreements” means collectively, the Lockbox Account Agreement and the Lockbox Processing Agreement.

“Lockbox Bank” means a depository institution named by the Servicer and acceptable to the Controlling Party.

“Lockbox Processing Agreement” means the Lockbox Processing Agreement, dated as of January 18, 2011, by and among the Lockbox Processor, the Servicer and the Trust Collateral Agent, as such agreement may be amended or supplemented from time to time.

“Lockbox Processor” means Regulus Group II LLC, or its successors or assigns.

“Majority Noteholders” means the Holders of Notes representing a majority of the principal balance of the most senior Class of Notes then outstanding.

“Matured Principal Shortfall” means, with respect to any Distribution Date and for any Class of Notes which would have a remaining principal balance greater than zero on such Distribution Date, after taking into account the payment of all other principal amounts to such Class on such Distribution Date, and as to which such Distribution Date is either the Final Scheduled Distribution Date for such Class, or a Distribution Date subsequent to such Final Scheduled Distribution Date, the remaining principal balance of such Class on such Distribution Date, after taking into account the payment of all other principal amounts to such Class on such Distribution Date.

“Minimum Sale Price” means (i) with respect to a Receivable (x) that has become 60 to 210 days delinquent or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has been repossessed by the Servicer and has not yet been sold at auction, the greater of (A) 55% multiplied by the Principal Balance of such Receivable and (B) the product of the three month rolling average recovery rate (expressed as a percentage) for the Servicer in its liquidation of all receivables for which it acts as servicer, either pursuant to this Agreement or otherwise, multiplied by the Principal Balance of such Receivable or (ii) with respect to a Receivable (x) with respect to which the related Financed Vehicle has been repossessed by the Servicer and has been sold at auction and the Net Liquidation Proceeds for which have been deposited in the Collection Account, or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has not been repossessed by the Servicer despite the Servicer’s diligent efforts, consistent with its servicing obligations, to repossess the Financed Vehicle, $1.

“Monthly Records” means all records and data maintained by the Servicer with respect to the Receivables, including the following with respect to each Receivable: the account number; the originating Dealer; Obligor name; Obligor address; Obligor home phone number; Obligor business phone number; original Principal Balance; original term; Annual Percentage Rate; current Principal Balance; current remaining term; origination date; first payment date; final scheduled payment date; next payment due date; date of most recent payment; new/used classification; collateral description; days currently delinquent; number of contract extensions (months) to date; amount of Scheduled Receivables Payment; and past due late charges.

“Monthly Tape” has the meaning set forth in Section 4.13 hereof.

“Moody’s” means Xxxxx’x Investors Service, Inc. or its successor.

“Net Liquidation Proceeds” means, with respect to a Liquidated Receivable, Liquidation Proceeds net of (i) reasonable expenses incurred by the Servicer in connection with the collection of such Receivable and the repossession and disposition of the Financed Vehicle and (ii) amounts that are required to be refunded to the Obligor on such Receivable; provided, however, that the Net Liquidation Proceeds with respect to any Receivable shall in no event be less than zero.

“Note Distribution Account” means the account designated as such, established and maintained pursuant to Section 5.1.

“Note Pool Factor” for each Class of Notes as of the close of business on any date of determination means a seven-digit decimal figure equal to the outstanding principal amount of such Class of Notes divided by the original outstanding principal amount of such Class of Notes.

“Note Purchase Agreement” means the Note Purchase Agreement dated as of January 26, 2011, among the Initial Purchasers, the Seller and the Servicer.

“Noteholders’ Distributable Amount” means, with respect to any Distribution Date, the sum of the Noteholders’ Principal Distributable Amount and the Noteholders’ Interest Distributable Amount.

“Noteholders’ Interest Carryover Amount” means, with respect to any Class of Notes and any date of determination, all or any portion of the Noteholders’ Interest Distributable Amount for the Class of Notes for the immediately preceding Distribution Date which remains unpaid as of such date of determination, plus interest on such unpaid amount, to the extent permitted by law, at the respective Interest Rate borne by the applicable Class of Notes from such immediately preceding Distribution Date to but excluding such date of determination.

“Noteholders’ Interest Distributable Amount” means, with respect to any Distribution Date and Class of Notes, the sum of the Noteholders’ Monthly Interest Distributable Amount for such Distribution Date and each Class of Notes and the Noteholders’ Interest Carryover Amount, if any for such Distribution Date and each such Class. Interest on the Class A-1 Notes shall be computed on the basis of a 360-day year and the actual number of days elapsed in the applicable Interest Period; interest on all other Classes of Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months, except with respect to the first Interest Period when the Interest Period with respect to the Class A-2 Notes, the Class A-3 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes will be 6 days.

“Noteholders’ Monthly Interest Distributable Amount” means, with respect to any Distribution Date and any Class of Notes, interest accrued at the respective Interest Rate during the applicable Interest Period on the principal amount of the Notes of such Class outstanding as of the end of the prior Distribution Date (or, in the case of the first Distribution Date, as of the Closing Date), calculated (x) for the Class A-1 Notes on the basis of a 360-day year and the actual number of days elapsed in the applicable Interest Period and (y) for all other Classes of Notes on the basis of a 360-day year consisting of twelve 30-day months (without adjustment for the actual number of business days elapsed in the applicable Interest Period), except with respect to the first Interest Period.

“Noteholders’ Principal Carryover Amount” means, as of any date of determination, all or any portion of the Noteholders’ Principal Distributable Amount from the preceding Distribution Date which remains unpaid as of such date of determination.

“Noteholders’ Principal Distributable Amount” means, with respect to any Distribution Date, (other than the Final Scheduled Distribution Date for any Class of Notes), the sum of the Principal Distributable Amount for such Distribution Date and the Noteholders’ Principal Carryover Amount, if any, as of the close of business on the preceding Distribution Date. The Noteholders’ Principal Distributable Amount on the Final Scheduled Distribution Date for any Class of Notes will equal the sum of (i) the Principal Distributable Amount for such Distribution Date, (ii) the Noteholders’ Principal Carryover Amount as of such Distribution Date, and (iii) the excess of the outstanding principal amount of such Class of Notes, if any, over the amounts described in clauses (i) and (ii).

“Obligor” on a Receivable means the purchaser or co-purchasers of the Financed Vehicle and any other Person who owes payments under the Receivable.

“Officers’ Certificate” means a certificate signed by the chief executive officer, the president, any executive vice president, any senior vice president, any vice president, any

assistant vice president, any treasurer, any assistant treasurer, any secretary or any assistant secretary of the Seller or the Servicer, as appropriate.

“Opinion of Counsel” means a written opinion of counsel satisfactory in form and substance to the Trust Collateral Agent.

“Original Pool Balance” means the Pool Balance as of the Cutoff Date.

“Originating Affiliate” means an Affiliate of AmeriCredit that has originated Receivables and assigned its full interest therein to AmeriCredit.

“Other Conveyed Property” means all property conveyed by the Seller to the Trust pursuant to Section 2.1(b) through (i) of this Agreement.

“Owner Trust Estate” has the meaning assigned to such term in the Trust Agreement.

“Owner Trustee” means Wilmington Trust Company, not in its individual capacity but solely as Owner Trustee under the Trust Agreement, its successors in interest or any successor Owner Trustee under the Trust Agreement.

“Person” means any individual, corporation, estate, partnership, joint venture, association, joint stock company, trust (including any beneficiary thereof), unincorporated organization or government or any agency or political subdivision thereof.

“Physical Property” has the meaning assigned to such term in the definition of “Delivery” above.

“Pool Balance” means, as of any date of determination, the aggregate Principal Balance of the Receivables (excluding Purchased Receivables and Liquidated Receivables) at the end of the preceding calendar month.

“Principal Balance” means, with respect to any Receivable, as of any date, the sum of (x) the Amount Financed minus (i) that portion of all amounts received on or prior to such date and allocable to principal in accordance with the terms of the Receivable and (ii) any Cram Down Loss in respect of such Receivable plus (y) the accrued and unpaid interest on such Receivable.

“Principal Distributable Amount” means, with respect to any Distribution Date, the amount equal to the excess, if any, of (x) the sum of (i) the principal portion of all Collected Funds received during the immediately preceding Collection Period (other than Liquidated Receivables and Purchased Receivables), (ii) the Principal Balance of all Receivables that became Liquidated Receivables during the related Collection Period (other than Purchased Receivables), (iii) the principal portion of the Purchase Amounts received with respect to all Receivables that became Purchased Receivables during the related Collection Period, (iv) the aggregate amount of Cram Down Losses that shall have occurred during the related Collection Period; and (v) following the acceleration of the Notes pursuant to Section 5.2 of the Indenture, the amount of money or property collected pursuant to Section 5.4 of the Indenture since the preceding Determination Date by the Trust Collateral Agent for distribution pursuant to Section 5.7 hereof over (y) the Step-Down Amount, if any, for such Distribution Date.

“Pro Forma Note Balance” means, with respect to any Distribution Date, the aggregate remaining principal amount of the Notes outstanding on such Distribution Date, after giving effect to distributions pursuant to clauses (i) through (xviii) of Section 5.7(a) hereof.

“Prospectus Supplement” means the prospectus supplement, dated as of January 26, 2011, relating to the offering of the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes, as filed with the Commission.

“Purchase Agreement” means the Purchase Agreement between the Seller and AmeriCredit, dated as of January 18, 2011, pursuant to which the Seller acquires the Receivables, as such Agreement may be amended from time to time.

“Purchase Amount” means, with respect to a Purchased Receivable, the Principal Balance and all accrued and unpaid interest on the Receivable, after giving effect to the receipt of any moneys collected (from whatever source) on such Receivable, if any.

“Purchased Receivable” means a Receivable purchased as of the close of business on the last day of a Collection Period by the Servicer pursuant to Sections 4.2, 4.4(c) or 4.7 or repurchased by the Seller or the Servicer pursuant to Section 3.2 or Section 10.1(a).

“Rating Agency” means Moody’s and Standard & Poor’s. If no such organization or successor maintains a rating on the Securities, “Rating Agency” shall be a nationally recognized statistical rating organization or other comparable Person engaged by the Seller, notice of which engagement shall be given to the Trust Collateral Agent, the Owner Trustee and the Servicer.

“Rating Agency Condition” means, with respect to any action, that Moody’s and Standard & Poor’s shall have been given 10 days’ (or such shorter period as shall be acceptable to each Rating Agency) prior notice thereof by AmeriCredit and that (a) with respect to Standard & Poor’s, such Rating Agency has notified the Seller, the Servicer, the Owner Trustee and the Trust Collateral Agent in writing that such action will not result in a reduction or withdrawal of the then current rating of any Class of Notes, and (b) with respect to Moody’s, such Rating Agency has not notified the Seller, the Servicer, the Owner Trustee or the Trust Collateral Agent in writing that such action will result in a reduction or withdrawal of the then current rating of any Class of Notes.

“Realized Losses” means, with respect to any Receivable that becomes a Liquidated Receivable, the excess of the Principal Balance of such Liquidated Receivable over Net Liquidation Proceeds to the extent allocable to principal.

“Receivables” means the Contracts listed on Schedule A attached hereto (which Schedule may be in the form of microfiche or a disk).

“Receivable Files” means the documents specified in Section 3.3.

“Record Date” means, with respect to each Distribution Date, the Business Day immediately preceding such Distribution Date, unless otherwise specified in the Indenture.

“Registrar of Titles” means, with respect to any state, the governmental agency or body responsible for the registration of, and the issuance of certificates of title relating to, motor vehicles and liens thereon.

“Regulation AB” means Subpart 229.1100- Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1123, as such may be amended from time to time and subject to such clarification and interpretation as have been provided by the Commission in the adopting release (Asset-Backed Securities, Securities Act Release No. 33-8518.70 Fed. Reg. 1,506,1,531 (January 7, 2005)) or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time.

“Required Pro Forma Note Balance” means, with respect to any Distribution Date, a dollar amount equal to (x) the Pool Balance as of the end of the prior calendar month minus (y) the excess of (i) 14.75% of the Pool Balance as of the end of the prior calendar month over (ii) the Specified Reserve Balance.

“Reserve Account” means the account designated as such, established and maintained pursuant to Section 5.1(a)(iii) hereof.

“Reserve Account Deposit Amount” means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

“Reserve Account Withdrawal Amount” means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

“Responsible Officer” means, with respect to any Person, any Executive Vice President, Senior Vice President, Vice President, Assistant Vice President, Treasurer, Assistant Treasurer, Secretary, Assistant Secretary, or any other officer of such Person customarily performing functions similar to those performed by any of the above designated officers and also, with respect to a particular matter, any other officer to whom such matter is referred because of such officer’s knowledge of and familiarity with the particular subject.

“Sale Amount” means, with respect to any Sold Receivable, the amount received from the related third-party purchaser as payment for such Sold Receivable.

“Sale and Servicing Agreement Collateral” has the meaning specified in Section 2.4 hereof.

“Schedule of Receivables” means the schedule of all motor vehicle retail installment sales contracts and promissory notes originally held as part of the Trust which is attached as Schedule A (which Schedule may be in the form of microfiche or a disk).

“Schedule of Representations” means the Schedule of Representations and Warranties attached hereto as Schedule B.

“Scheduled Receivables Payment” means, with respect to any Collection Period for any Receivable, the amount set forth in such Receivable as required to be paid by the Obligor in such Collection Period. If after the Closing Date, the Obligor’s obligation under a Receivable with respect to a Collection Period has been modified so as to differ from the amount specified in such Receivable as a result of (i) the order of a court in an insolvency proceeding involving the Obligor, (ii) pursuant to the Servicemembers Civil Relief Act or (iii) modifications or extensions of the Receivable permitted by Section 4.2(b), the Scheduled Receivables Payment with respect to such Collection Period shall refer to the Obligor’s payment obligation with respect to such Collection Period as so modified.

“Seller” means AFS SenSub Corp., a Nevada corporation, and its successors in interest to the extent permitted hereunder.

“Service Contract” means, with respect to a Financed Vehicle, the agreement, if any, financed under the related Receivable that provides for the repair of such Financed Vehicle.

“Servicer” means AmeriCredit Financial Services, Inc., as the servicer of the Receivables, and each successor servicer pursuant to Section 9.3.

“Servicer Termination Event” means an event specified in Section 9.1.

“Servicer’s Certificate” means an Officers’ Certificate of the Servicer delivered pursuant to Section 4.9, substantially in the form of Exhibit A.

“Servicing Fee” has the meaning specified in Section 4.8.

“Servicing Fee Rate” means 2.25% per annum.

“Simple Interest Method” means the method of allocating a fixed level payment on an obligation between principal and interest, pursuant to which the portion of such payment that is allocated to interest is equal to the product of the fixed rate of interest on such obligation multiplied by the period of time (expressed as a fraction of a year, based on the actual number of days in the calendar month and 365 days in the calendar year) elapsed since the preceding payment under the obligation was made.

“Sold Receivable” means a Receivable that was more than 60 days delinquent and was sold to an unaffiliated third party by the Issuer, at the Servicer’s direction, as of the close of business on the last day of a Collection Period and in accordance with the provisions of Section 4.3(c) hereof.

“Specified Reserve Balance” means, with respect to any Distribution Date, $16,976,199.93; provided, that the Specified Reserve Balance will in no event exceed the outstanding principal amount of the Notes on such Distribution Date after giving effect to distributions pursuant to clauses (i) through (xviii) of Section 5.7(a) hereof.

“Standard & Poor’s” means Standard & Poor’s Ratings Services, Inc., a Standard & Poor’s Financial Services, LLC business, or its successor.

“Step-Down Amount” means, with respect to any Distribution Date, the excess, if any, of (x) the Required Pro Forma Note Balance over (y) the Pro Forma Note Balance on such Distribution Date, calculated for this purpose only without deduction for any Step-Down Amount (i.e., assuming that the entire amount described in clause (x) of the definition of “Principal Distributable Amount” is distributed as principal on the Notes); provided, however, that the Step-Down Amount in no event may exceed the amount that would reduce the positive difference, if any, of the Pool Balance minus the Pro Forma Note Balance, to an amount less than $4,244,049.98, which is 0.50% of the initial Pool Balance.

“Supplemental Servicing Fee” means, with respect to any Collection Period, all administrative fees, expenses and charges paid by or on behalf of Obligors, including late fees, prepayment fees and liquidation fees collected on the Receivables during such Collection Period but excluding any fees or expenses related to extensions.

“Third-Party Lender” means an entity that originated a loan to a consumer for the purchase of a motor vehicle and sold the loan to AmeriCredit or an Originating Affiliate pursuant to an Auto Loan Purchase and Sale Agreement.

“Third-Party Lender Assignment” means, with respect to a Receivable, the executed assignment executed by a Third-Party Lender conveying such Receivable to AmeriCredit or an Originating Affiliate.

“Titled Third-Party Lender” means a Third-Party Lender that has agreed to assist AmeriCredit or any successor servicer, to the extent necessary, with any repossession or legal action in respect of Financed Vehicles with respect to which such Third-Party Lender has assigned its full interest therein to AmeriCredit or an Originating Affiliate and is listed as first lienholder or secured party on the Lien Certificate relating to such Financed Vehicle.

“Total Available Funds” has the meaning assigned thereto in Section 5.7(a).

“Trust” means the Issuer.

“Trust Account Property” means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.

“Trust Accounts” has the meaning assigned thereto in Section 5.1.

“Trust Agreement” means the Trust Agreement dated as of January 5, 2011, between the Seller and the Owner Trustee, as amended and restated as of January 18, 2011 as the same may be amended and supplemented from time to time.

“Trust Collateral Agent” means the Person acting as Trust Collateral Agent hereunder, its successors in interest and any successor Trust Collateral Agent hereunder.

“Trust Officer” means, (i) in the case of the Trust Collateral Agent, the chairman or vice-chairman of the board of directors, any managing director, the chairman or vice-chairman of the executive committee of the board of directors, the president, any vice president, assistant vice president, the secretary, any assistant secretary, the treasurer, any assistant treasurer, the cashier, any assistant cashier, any trust officer or assistant trust officer, the controller and any assistant controller or any other officer of the Trust Collateral Agent customarily performing functions similar to those performed by any of the above designated officers and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of such officer’s knowledge of and familiarity with the particular subject, and (ii) in the case of the Owner Trustee, any officer in the corporate trust office of the Owner Trustee or any agent of the Owner Trustee under a power of attorney with direct responsibility for the administration of this Agreement or any of the Basic Documents on behalf of the Owner Trustee.

“Trust Property” means the property and proceeds conveyed pursuant to Section 2.1, together with certain monies paid after the Cutoff Date, the Collection Account (including all Eligible Investments therein and all proceeds therefrom), the Lockbox Account, the Reserve Account (including all Eligible Investments therein and all proceeds therefrom), the Note Distribution Account (including all Eligible Investments therein and all proceeds therefrom) and certain other rights under this Agreement.

“Trustee” means the Person acting as Trustee under the Indenture, its successors in interest and any successor trustee under the Indenture.

“UCC” means the Uniform Commercial Code as in effect in the relevant jurisdiction on the date of the Agreement.

“Underwriting Agreement” means the Underwriting Agreement, dated as of January 26, 2011, among the Seller, the Servicer, Barclays Capital Inc., Credit Suisse Securities (USA) LLC and Xxxxx Fargo Securities, LLC, as representatives of the underwriters named therein.

SECTION 1.2. Other Definitional Provisions.

(a) Capitalized terms used herein and not otherwise defined herein have meanings assigned to them in the Indenture, or, if not defined therein, in the Trust Agreement.

(b) All terms defined in this Agreement shall have the defined meanings when used in any instrument governed hereby and in any certificate or other document made or delivered pursuant hereto unless otherwise defined therein.

(c) As used in this Agreement, in any instrument governed hereby and in any certificate or other document made or delivered pursuant hereto or thereto, accounting terms not

defined in this Agreement or in any such instrument, certificate or other document, and accounting terms partly defined in this Agreement or in any such instrument, certificate or other document to the extent not defined, shall have the respective meanings given to them under generally accepted accounting principles as in effect on the date of this Agreement or any such instrument, certificate or other document, as applicable. To the extent that the definitions of accounting terms in this Agreement or in any such instrument, certificate or other document are inconsistent with the meanings of such terms under generally accepted accounting principles, the definitions contained in this Agreement or in any such instrument, certificate or other document shall control.

(d) The words “hereof,” “herein,” “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement; Section, Schedule and Exhibit references contained in this Agreement are references to Sections, Schedules and Exhibits in or to this Agreement unless otherwise specified; and the term “including” shall mean “including without limitation.”

(e) The definitions contained in this Agreement are applicable to the singular as well as the plural forms of such terms and to the masculine as well as to the feminine and neuter genders of such terms.

(f) Any agreement, instrument or statute defined or referred to herein or in any instrument or certificate delivered in connection herewith means such agreement, instrument or statute as from time to time amended, modified or supplemented and includes (in the case of agreements or instruments) references to all attachments thereto and instruments incorporated therein; references to a Person are also to its permitted successors and assigns.

ARTICLE II

Conveyance of Receivables

SECTION 2.1. Conveyance of Receivables. In consideration of the Issuer’s delivery to or upon the order of the Seller on the Closing Date of the net proceeds from the sale of the Notes and the other amounts to be distributed from time to time to the Seller in accordance with the terms of this Agreement, the Seller does hereby sell, transfer, assign, set over and otherwise convey to the Issuer, without recourse (subject to the Seller’s obligations set forth herein) and the Issuer hereby purchases, all right, title and interest of the Seller in and to the following property, whether now owned or existing or hereafter acquired or arising:

(a) the Receivables and all moneys received thereon after the Cutoff Date;

(b) the security interests in the Financed Vehicles granted by Obligors pursuant to the Receivables and any other interest of the Seller in such Financed Vehicles;

(c) any proceeds and the right to receive proceeds with respect to the Receivables from claims on any physical damage, credit life or disability insurance policies covering Financed Vehicles or Obligors and any proceeds from the liquidation of the Receivables;

(d) any proceeds from any Receivable repurchased by a Dealer pursuant to a Dealer Agreement or a Third-Party Lender pursuant to an Auto Loan Purchase and Sale Agreement as a result of a breach of representation or warranty in the related Dealer Agreement or Auto Loan Purchase and Sale Agreement;

(e) all rights under any Service Contracts on the related Financed Vehicles;

(f) the related Receivable Files;

(g) all of the Seller’s right, title and interest in its rights and benefits, but none of its obligations or burdens, under the Purchase Agreement, and the delivery requirements, representations and warranties and the cure and repurchase obligations of AmeriCredit under the Purchase Agreement;

(h) all of the Seller’s (i) Accounts, (ii) Chattel Paper, (iii) Documents, (iv) Instruments and (v) General Intangibles (as such terms are defined in the UCC) relating to the property described in (a) through (g); and

(i) all proceeds and investments with respect to items (a) through (h).

SECTION 2.2. [Reserved]

SECTION 2.3. Further Encumbrance of Trust Property.

(a) Immediately upon the conveyance to the Trust by the Seller of any item of the Trust Property pursuant to Section 2.1, all right, title and interest of the Seller in and to such item of Trust Property shall terminate, and all such right, title and interest shall vest in the Trust, in accordance with the Trust Agreement and Sections 3802 and 3805 of the Statutory Trust Statute (as defined in the Trust Agreement).

(b) Immediately upon the vesting of the Trust Property in the Trust, the Trust shall have the sole right to pledge or otherwise encumber, such Trust Property. Pursuant to the Indenture, the Trust shall grant a security interest in the Trust Property to the Trust Collateral Agent securing the repayment of the Notes. The Certificates shall represent the beneficial ownership interest in the Trust Property, and the Certificateholders shall be entitled to receive distributions with respect thereto as set forth herein.

(c) Following the payment in full of the Notes and the release and discharge of the Indenture, all covenants of the Issuer under Article III of the Indenture shall, until payment in full of the Certificates, remain as covenants of the Issuer for the benefit of the Certificateholders, enforceable by the Certificateholders to the same extent as such covenants were enforceable by the Noteholders prior to the discharge of the Indenture. Any rights of the Trustee under Article III of the Indenture, following the discharge of the Indenture, shall vest in Certificateholders.

(d) The Trust Collateral Agent shall, at such time as there are no Notes or Certificates outstanding and all sums due to (i) the Trustee pursuant to the Indenture and (ii) the Trust Collateral Agent pursuant to this Agreement and (iii) the Backup Servicer pursuant to this Agreement, have been paid, release any remaining portion of the Trust Property to the Seller.

SECTION 2.4. Intention of the Parties.

The execution and delivery of this Agreement shall constitute an acknowledgment by the Seller and the Issuer that they intend that the assignment and transfer herein contemplated constitute a sale and assignment outright, and not for security, of the Receivables and Other Conveyed Property, for non-tax purposes, conveying good title thereto free and clear of any Liens, from the Seller to the Issuer, and that the Receivables and the Other Conveyed Property shall not be a part of the Seller’s estate in the event of a bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding, or other proceeding under any federal or state bankruptcy or similar law, or the occurrence of another similar event, of, or with respect to the Seller. In the event that such conveyance is determined to be made as security for a loan made by the Issuer, the Noteholders or the Certificateholder to the Seller, the Seller hereby grants to the Issuer a security interest in all of the Seller’s right, title and interest in and to the following property for the benefit of the Issuer Secured Parties, whether now owned or existing or hereafter acquired or arising, and this Agreement shall constitute a security agreement under applicable law (collectively, the “Sale and Servicing Agreement Collateral”):

(i) the Receivables and all moneys received thereon after the Cutoff Date;

(ii) the security interests in the Financed Vehicles granted by Obligors pursuant to the Receivables and any other interest of the Seller in such Financed Vehicles;

(iii) any proceeds and the right to receive proceeds with respect to the Receivables from claims on any physical damage, credit life or disability insurance policies covering Financed Vehicles or Obligors and any proceeds from the liquidation of the Receivables;

(iv) any proceeds from any Receivable repurchased by a Dealer pursuant to a Dealer Agreement or a Third-Party Lender pursuant to an Auto Loan Purchase and Sale Agreement as a result of a breach of representation or warranty in the related Dealer Agreement or Auto Loan Purchase and Sale Agreement;

(v) all rights under any Service Contracts on the related Financed Vehicles;

(vi) the related Receivable Files;

(vii) all of the Seller’s right, title and interest in its rights and benefits, but none of its obligations or burdens, under the Purchase Agreement, and the delivery requirements, representations and warranties and the cure and repurchase obligations of AmeriCredit under the Purchase Agreement;

(viii) all of the Seller’s (a) Accounts, (b) Chattel Paper, (c) Documents, (d) Instruments and (e) General Intangibles (as such terms are defined in the UCC) relating to the property described in (i) through (vii); and

(ix) all proceeds and investments with respect to items (i) through (viii).

ARTICLE III

The Receivables

SECTION 3.1. Representations and Warranties of Seller. The Seller hereby represents and warrants that each of the representations and warranties set forth on the Schedule of Representations attached hereto as Schedule B is true and correct on which the Issuer is deemed to have relied in acquiring the Receivables. Such representations and warranties speak as of the execution and delivery of this Agreement and as of the Closing Date, but shall survive the sale, transfer and assignment of the Receivables to the Issuer and the pledge thereof to the Trust Collateral Agent pursuant to the Indenture and shall not be waived.

SECTION 3.2. Repurchase upon Breach.

(a) The Seller, the Servicer, the Backup Servicer, the Trust Collateral Agent or the Owner Trustee, as the case may be, shall inform the other parties to this Agreement promptly, by notice in writing, upon the discovery of any breach of the Seller’s representations and warranties made pursuant to Section 3.1. As of the last day of the second (or, if the Seller so elects, the first) month following the discovery by the Seller or receipt by the Seller of notice of such breach, unless such breach is cured by such date, the Seller shall have an obligation to repurchase any Receivable in which the interests of the Noteholders are materially and adversely affected by any such breach as of such date. The “second month” shall mean the month following the month in which discovery occurs or notice is given, and the “first month” shall mean the month in which discovery occurs or notice is given. In consideration of and simultaneously with the repurchase of the Receivable, the Seller shall remit, or cause AmeriCredit to remit, to the Collection Account the Purchase Amount in the manner specified in Section 5.6 and the Issuer shall execute such assignments and other documents reasonably requested by such person in order to effect such repurchase. The sole remedy of the Issuer, the Owner Trustee, the Trust Collateral Agent, the Trustee, the Backup Servicer or the Noteholders with respect to a breach of representations and warranties pursuant to Section 3.1 and the agreement contained in this Section shall be the repurchase of Receivables pursuant to this Section, subject to the conditions contained herein or to enforce the obligation of AmeriCredit to the Seller to repurchase such Receivables pursuant to the Purchase Agreement. Neither the Owner Trustee, the Trust Collateral Agent nor the Trustee shall have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase of any Receivable pursuant to this Section.

In addition to the foregoing and notwithstanding whether the related Receivable shall have been purchased by the Seller, the Seller shall indemnify the Trust, the Trustee, the Backup Servicer, the Trust Collateral Agent and the officers, directors, agents and employees thereof, and the Noteholders against all costs, expenses, losses, damages, claims and liabilities, including reasonable fees and expenses of counsel, which may be asserted against or incurred by any of them as a result of third party claims arising out of the events or facts giving rise to such breach.

(b) Pursuant to Section 2.1 of this Agreement, the Seller conveyed to the Trust all of the Seller’s right, title and interest in its rights and benefits, but none of its obligations or burdens, under the Purchase Agreement including the Seller’s rights under the Purchase Agreement and the delivery requirements, representations and warranties and the cure or repurchase obligations of

AmeriCredit thereunder. The Seller hereby represents and warrants to the Trust that such assignment is valid, enforceable and effective to permit the Trust to enforce such obligations of AmeriCredit under the Purchase Agreement. Any purchase by AmeriCredit pursuant to the Purchase Agreement shall be deemed a purchase by the Seller pursuant to this Section 3.2 and the definition of Purchased Receivable.

SECTION 3.3. Custody of Receivable Files.

(a) In connection with the sale, transfer and assignment of the Receivables and the Other Conveyed Property to the Trust pursuant to this Agreement and simultaneously with the execution and delivery of this Agreement, the Trust Collateral Agent shall enter into the Custodian Agreement with the Custodian, dated as of January 18, 2011, pursuant to which the Trust Collateral Agent shall revocably appoint the Custodian, and the Custodian shall accept such appointment, to act as the agent of the Trust Collateral Agent as custodian of the following documents or instruments in its possession or control (the “Receivable Files”) which shall be delivered to the Custodian as agent of the Trust Collateral Agent on or before the Closing Date (with respect to each Receivable):

(i) The fully executed original (or with respect to “electronic chattel paper”, the authoritative copy) of the Contract; and

(ii) The Lien Certificate (when received), and otherwise such documents, if any, that AmeriCredit keeps on file in accordance with its customary procedures indicating that the Financed Vehicle is owned by the Obligor and subject to the interest of AmeriCredit (or an Originating Affiliate or a Titled Third-Party Lender) as first lienholder or secured party (including any Lien Certificate received by AmeriCredit), or, if such Lien Certificate has not yet been received, a copy of the application therefor, showing AmeriCredit (or an Originating Affiliate or a Titled Third-Party Lender) as secured party.

(b) If the Trust Collateral Agent is acting as the Custodian pursuant to Section 8 of the Custodian Agreement, the Trust Collateral Agent shall be deemed to have assumed the obligations of the Custodian (except for any liabilities incurred by the predecessor Custodian) specified in the Custodian Agreement until such time as a successor Custodian has been appointed. Upon payment in full of any Receivable, the Servicer will notify the Custodian pursuant to a certificate of an officer of the Servicer (which certificate shall include a statement to the effect that all amounts received in connection with such payments which are required to be deposited in the Collection Account pursuant to Section 4.1 have been so deposited) and shall request delivery of the Receivable and Receivable File to the Servicer. Upon the sale of any Receivable pursuant to Section 4.3(c) hereof, the Servicer will notify the Custodian pursuant to a certificate of an officer of the Servicer (which certificate shall include a statement to the effect that all amounts received in connection with such sale which are required to be deposited in the Collection Account pursuant to Section 4.3(c) have been so deposited) and shall request delivery of the Receivable and Receivable File to the purchaser of such Receivable. From time to time as appropriate for servicing and enforcing any Receivable, the Custodian shall, upon written request of an officer of the Servicer and delivery to the Custodian of a receipt signed by such officer, cause the original Receivable and the related Receivable File to be released to the Servicer. The

Servicer’s receipt of a Receivable and/or Receivable File shall obligate the Servicer to return the original Receivable and the related Receivable File to the Custodian when its need by the Servicer has ceased unless the Receivable is repurchased as described in Section 3.2, 4.2 or 4.7.

ARTICLE IV

Administration and Servicing of Receivables

SECTION 4.1. Duties of the Servicer and the Backup Servicer

(a) The Servicer is hereby authorized to act as agent for the Trust and in such capacity shall manage, service, administer and make collections on the Receivables, and perform the other actions required by the Servicer under this Agreement. The Servicer agrees that its servicing of the Receivables shall be carried out in accordance with customary and usual procedures of institutions which service motor vehicle retail installment sales contracts and, to the extent more exacting, the degree of skill and attention that the Servicer exercises from time to time with respect to all comparable motor vehicle receivables that it services for itself or others. In performing such duties, so long as AmeriCredit is the Servicer, it shall substantially comply with the policies and procedures described on Schedule C, as such policies and procedures may be updated from time to time. The Servicer’s duties shall include, without limitation, collection and posting of all payments, responding to inquiries of Obligors on the Receivables, investigating delinquencies, sending payment coupons to Obligors, reporting any required tax information to Obligors, monitoring the collateral, complying with the terms of the Lockbox Agreements, accounting for collections and furnishing monthly and annual statements to the Trust Collateral Agent and the Trustee with respect to distributions, monitoring the status of Insurance Policies with respect to the Financed Vehicles and performing the other duties specified herein.

The Servicer, or if AmeriCredit is no longer the Servicer, AmeriCredit, at the request of the Servicer, shall also administer and enforce all rights and responsibilities of the holder of the Receivables provided for in the Dealer Agreements and Auto Loan Purchase and Sale Agreements (and shall maintain possession of the Dealer Agreements and Auto Loan Purchase and Sale Agreements, to the extent it is necessary to do so), the Dealer Assignments, the Third-Party Lender Assignments and the Insurance Policies, to the extent that such Dealer Agreements, Auto Loan Purchase and Sale Agreements, Dealer Assignments, Third-Party Lender Assignments and Insurance Policies relate to the Receivables, the Financed Vehicles or the Obligors. To the extent consistent with the standards, policies and procedures otherwise required hereby, the Servicer shall follow its customary standards, policies, and procedures and shall have full power and authority, acting alone, to do any and all things in connection with such managing, servicing, administration and collection that it may deem necessary or desirable. Without limiting the generality of the foregoing, the Servicer is hereby authorized and empowered by the Trust to execute and deliver, on behalf of the Trust, any and all instruments of satisfaction or cancellation, or of partial or full release or discharge, and all other comparable instruments, with respect to the Receivables and with respect to the Financed Vehicles; provided, however, that notwithstanding the foregoing, the Servicer shall not, except pursuant to an order from a court of competent jurisdiction, release an Obligor from payment of any unpaid amount under any Receivable or waive the right to collect the unpaid balance of any Receivable from the

Obligor, except in accordance with the Servicer’s customary practices as reflected in the Servicing Policies and Procedures attached hereto as Schedule C.

The Servicer is hereby authorized to commence, in its own name or in the name of the Trust, a legal proceeding to enforce a Receivable pursuant to Section 4.3 or to commence or participate in any other legal proceeding (including, without limitation, a bankruptcy proceeding) relating to or involving a Receivable, an Obligor or a Financed Vehicle. If the Servicer commences or participates in such a legal proceeding in its own name, the Trust shall thereupon be deemed to have automatically assigned such Receivable to the Servicer solely for purposes of commencing or participating in any such proceeding as a party or claimant, and the Servicer is authorized and empowered by the Trust to execute and deliver in the Servicer’s name any notices, demands, claims, complaints, responses, affidavits or other documents or instruments in connection with any such proceeding. The Trust Collateral Agent and the Owner Trustee shall furnish the Servicer with any limited powers of attorney and other documents which the Servicer may reasonably request and which the Servicer deems necessary or appropriate and take any other steps which the Servicer may deem necessary or appropriate to enable the Servicer to carry out its servicing and administrative duties under this Agreement.

As set forth in Section 9.3, in the event the Servicer fails to perform its obligations hereunder, the Backup Servicer shall be responsible for the Servicer’s duties in this Agreement as if it were the Servicer, provided that the Backup Servicer shall not be liable for the Servicer’s breach of its obligations.

(b) The Backup Servicer shall have the following duties: (i) prior to the Closing Date, the Backup Servicer shall have conducted an on-site visit of the Servicer’s operations in connection with this or similar Agreements, (ii) the Backup Servicer shall conduct periodic on-site visits not more than once every 12 months to meet with appropriate operations personnel to discuss any changes in processes and procedures that have occurred since the last visit, (iii) prior to the Closing Date, the Backup Servicer shall have completed all data-mapping, and (iv) not more than once per year, the Backup Servicer shall update or amend the data-mapping by effecting a data-map refresh upon receipt of written notice from the Servicer specifying updated or amended fields, if any, in (a) fields in the Monthly Tape or (b) fields confirmed in the original data-mapping referred to in clause (iii) above. Each on-site visit shall be at the cost of AmeriCredit.

SECTION 4.2. Collection of Receivable Payments; Modifications of Receivables; Lockbox Agreements.

(a) Consistent with the standards, policies and procedures required by this Agreement, the Servicer shall make reasonable efforts to collect all payments called for under the terms and provisions of the Receivables as and when the same shall become due, and shall follow such collection procedures as it follows with respect to all comparable automobile receivables that it services for itself or others and otherwise act with respect to the Receivables, the Dealer Agreements, the Dealer Assignments, the Auto Loan Purchase and Sale Agreements, the Third-Party Lender Assignments, the Insurance Policies and the Other Conveyed Property in such manner as will, in the reasonable judgment of the Servicer, maximize the amount to be received by the Trust with respect thereto, including directing the Issuer to sell the Receivables pursuant to

Section 4.3(c) hereof. The Servicer is authorized in its discretion to waive any prepayment charge, late payment charge or any other similar fees that may be collected in the ordinary course of servicing any Receivable.

(b) The Servicer may (A) at any time agree to a modification or amendment of a Receivable in order to (i) not more than once per year, change the Obligor’s regular monthly due date to a date that shall in no event be later than 30 days after the original monthly due date of that Receivable or (ii) re-amortize the Scheduled Receivables Payments on the Receivable (x) following a partial prepayment of principal, in accordance with its customary procedures or (y) following the Obligor’s reinstatement based on local laws or (B) may direct the Issuer to sell the Receivables pursuant to Section 4.3 hereof, if the Servicer believes in good faith that such extension, modification, amendment or sale is necessary to avoid a default on such Receivable, will maximize the amount to be received by the Trust with respect to such Receivable, and is otherwise in the best interests of the Trust.

(c) The Servicer may grant payment extensions on, or other modifications or amendments to, a receivable (in addition to those modifications permitted by Section 4.2(b) hereof), in accordance with its customary procedures if the Servicer believes in good faith that such extension, modification or amendment is necessary to avoid a default on such Receivable, will maximize the amount to be received by the Trust with respect to such Receivable, and is otherwise in the best interests of the Trust; provided, however, that:

(i) The aggregate period of all extensions on a Receivable shall not exceed eight months; and

(ii) In no event may a Receivable be extended beyond the Collection Period immediately preceding the latest Final Scheduled Distribution Date.

(d) The Servicer, acting as agent for the Trust pursuant to the Lockbox Account Agreement, shall use its best efforts to notify or direct Obligors to make all payments on the Receivables, whether by check or by direct debit of the Obligor’s bank account, to be made directly to one or more Lockbox Banks or Lockbox Processors pursuant to the Lockbox Agreements. The Servicer shall use its best efforts to notify or direct any Lockbox Bank or Lockbox Processor to deposit all payments on the Receivables in the Lockbox Account no later than the Business Day after receipt, and to cause all amounts credited to the Lockbox Account on account of such payments to be transferred to the Collection Account no later than the second Business Day after receipt of such payments. The Lockbox Account shall be a demand deposit account held by the Lockbox Bank.

Prior to the Closing Date, the Servicer shall have notified each Obligor that makes its payments on the Receivables by check to make such payments thereafter directly to the Lockbox Processor (except in the case of Obligors that have already been making such payments to the Lockbox Processor), and shall have provided each such Obligor with remittance invoices in order to enable such Obligors to make such payments directly to the Lockbox Processor for deposit into the Lockbox Account, and the Servicer will continue, not less often than every three months, to so notify those Obligors who have failed to make payments to the Lockbox Processor. If at any time, an Obligor’s bank account cannot be accessed by direct debit and if such inability

is not cured within 15 days or cannot be cured by execution by the Obligor of a new authorization for automatic payment, the Servicer shall notify such Obligor that it cannot make payment by direct debit and must thereafter make payment by check.

Notwithstanding any Lockbox Agreement, or any of the provisions of this Agreement relating to the Lockbox Agreements, the Servicer shall remain obligated and liable to the Trust, the Trust Collateral Agent and Noteholders for servicing and administering the Receivables and the Other Conveyed Property in accordance with the provisions of this Agreement without diminution of such obligation or liability by virtue thereof; provided, however, that the foregoing shall not apply to any Backup Servicer for so long as a Lockbox Bank and the Lockbox Processor are performing their respective obligations pursuant to the terms of the Lockbox Agreements.

In the event of a termination of the Servicer, the successor Servicer shall assume all of the rights and obligations of the outgoing Servicer under the Lockbox Agreements subject to the terms hereof. In such event, the successor Servicer shall be deemed to have assumed all of the outgoing Servicer’s interest therein and to have replaced the outgoing Servicer as a party to each such Lockbox Agreement to the same extent as if such Lockbox Agreements had been assigned to the successor Servicer, except that the outgoing Servicer shall not thereby be relieved of any liability or obligations on the part of the outgoing Servicer to the Lockbox Bank or the Lockbox Processor under such Lockbox Agreements. The outgoing Servicer shall, upon request of the Trust Collateral Agent, but at the expense of the outgoing Servicer, deliver to the successor Servicer all documents and records relating to each such Lockbox Agreement and an accounting of amounts collected and held by the Lockbox Processor and the Lockbox Bank and otherwise use its best efforts to effect the orderly and efficient transfer of the Lockbox Agreements to the successor Servicer. In the event that the Majority Noteholders elect to change the identity of the Lockbox Bank or Lockbox Processor, the outgoing Servicer, at its expense, shall cause the Lockbox Bank or Lockbox Processor to deliver, at the direction of the Majority Noteholders to the Trust Collateral Agent or a successor Lockbox Bank or Lockbox Processor, all documents and records relating to the Receivables and all amounts held (or thereafter received) by the Lockbox Bank or the Lockbox Processor (together with an accounting of such amounts) and shall otherwise use its best efforts to effect the orderly and efficient transfer of the lockbox arrangements and the Servicer shall notify the Obligors to make payments to the lockbox arrangements established by the successor.

(e) The Servicer shall remit all payments by or on behalf of the Obligors received directly by the Servicer to the Lockbox Bank as soon as practicable, but in no event later than the second Business Day after receipt thereof, and such amounts shall be deposited into the Lockbox Account and transferred from the Lockbox Account to the Collection Account in accordance with Section 4.2(d) hereof.

(f) AmeriCredit shall not cause or permit the substitution of the Financed Vehicle relating to a Receivable unless: (i) the substitution is a replacement of the Financed Vehicle originally financed under the related Receivable; (ii) the Financed Vehicle originally financed under the related Receivable was either (x) insured under an Insurance Policy as required under Section 4.4(a) at the time of a casualty loss that is treated as a total loss under such Insurance Policy, (y) deemed to be a “lemon” pursuant to applicable state law and repurchased by the

related Dealer or (z) the subject of an order by a court of competent jurisdiction directing AmeriCredit to substitute another vehicle under the related Receivable; (iii) the related Receivable is not more than 30 days delinquent; (iv) the Obligor is deemed to be in “good standing” by the Servicer and is not in breach of any requirement under the related Receivable; (v) the replacement Financed Vehicle has a book value (N.A.D.A.) at least equal to the book value (N.A.D.A.) of the Financed Vehicle that is being replaced, measured immediately before the casualty loss or replacement by the Dealer and (vi) as of the date of such substitution, the replacement Financed Vehicle’s mileage is no greater than the mileage on the Financed Vehicle that is being replaced; provided, however, that if the substitution is made pursuant to clause (ii)(z), above, clauses (iii) through (vi) inclusive, shall not be applicable. AmeriCredit shall not cause or permit the substitution of Financed Vehicles relating to Receivables having an original aggregate Principal Balance greater than two percent (2%) of the Original Pool Balance, (the “Substitution Limit”). In the event that the Substitution Limit is exceeded for any reason, (i) AmeriCredit shall, on or before the next following Accounting Date, repurchase a sufficient number of such Receivables to cause the aggregate original Principal Balances of such Receivables to be less than the Substitution Limit or (ii) if AmeriCredit is not the Servicer and the Servicer has caused substitutions to be made hereunder pursuant to the circumstances described in clause (ii)(x), above, the Servicer shall, on or before the next following Accounting Date, repurchase a sufficient number of such Receivables to cause the aggregate original Principal Balances of such Receivables to be less than the Substitution Limit.

SECTION 4.3. Realization upon Receivables.

(a) In addition to the Servicer’s ability to direct the Issuer to sell Receivables pursuant to Section 4.3(c) hereof, and consistent with the standards, policies and procedures required by this Agreement, the Servicer shall use its best efforts to repossess (or otherwise comparably convert the ownership of) and liquidate any Financed Vehicle securing a Receivable with respect to which the Servicer has determined that payments thereunder are not likely to be resumed, as soon as is practicable; provided, however, that the Servicer may elect not to repossess a Financed Vehicle if in its good faith judgment it determines that the proceeds ultimately recoverable with respect to such Receivable would be increased by forbearance or if it instead elects to direct the Issuer to sell the Receivables pursuant to Section 4.3(c). The Servicer is authorized to follow such customary practices and procedures as it shall deem necessary or advisable, consistent with the standard of care required by Section 4.1, which practices and procedures may include reasonable efforts to realize upon any recourse to Dealers and Third-Party Lenders, the sale of the related Financed Vehicle at public or private sale, the submission of claims under an Insurance Policy and other actions by the Servicer in order to realize upon such a Receivable. The foregoing is subject to the provision that, in any case in which the Financed Vehicle shall have suffered damage, the Servicer shall not expend funds in connection with any repair or towards the repossession of such Financed Vehicle unless it expects in its sole discretion, that such repair and/or repossession shall increase the proceeds of liquidation of the related Receivable by an amount greater than the amount of such expenses. All amounts received upon liquidation of a Financed Vehicle shall be remitted directly by the Servicer to the Collection Account without deposit into any intervening account as soon as practicable, but in no event later than the Business Day after receipt thereof. The Servicer shall be entitled to recover all reasonable expenses incurred by it in the course of repossessing and liquidating a Financed Vehicle into cash proceeds, but only out of the cash proceeds of such Financed Vehicle, any deficiency obtained from the

Obligor or any amounts received from the related Dealer or Third-Party Lender, which amounts in reimbursement may be retained by the Servicer (and shall not be required to be deposited as provided in Section 4.2(e)) to the extent of such expenses. The Servicer shall pay on behalf of the Trust any personal property taxes assessed on repossessed Financed Vehicles. The Servicer shall be entitled to reimbursement of any such tax from Net Liquidation Proceeds with respect to such Receivable.

(b) If the Servicer, or if AmeriCredit is no longer the Servicer, AmeriCredit at the request of the Servicer, elects to commence a legal proceeding to enforce a Dealer Agreement, Auto Loan Purchase and Sale Agreement, Dealer Assignment or Third-Party Lender Assignment, the act of commencement shall be deemed to be an automatic assignment from the Trust to the Servicer, or to AmeriCredit at the request of the Servicer, of the rights under such Dealer Agreement, Auto Loan Purchase and Sale Agreement, Dealer Assignment or Third-Party Lender Assignment for purposes of collection only. If, however, in any enforcement suit or legal proceeding it is held that the Servicer or AmeriCredit, as appropriate, may not enforce a Dealer Agreement, Auto Loan Purchase and Sale Agreement, Dealer Assignment or Third-Party Lender Assignment on the grounds that it is not a real party in interest or a Person entitled to enforce the Dealer Agreement, Auto Loan Purchase and Sale Agreement, Dealer Assignment or Third-Party Lender Assignment, the Owner Trustee and/or the Trust Collateral Agent, at AmeriCredit’s expense, or the Seller, at the Seller’s expense, shall take such steps as the Servicer deems reasonably necessary to enforce the Dealer Agreement, Auto Loan Purchase and Sale Agreement, Dealer Assignment or Third-Party Lender Assignment, including bringing suit in its name or the name of the Seller or of the Trust and the Owner Trustee and/or the Trust Collateral Agent for the benefit of the Noteholders. All amounts recovered shall be remitted directly by the Servicer as provided in Section 4.2(e).

(c) Consistent with the standards, policies and procedures required by this Agreement, the Servicer may use its best efforts to locate a third party purchaser that is not affiliated with the Servicer, the Seller or the Issuer to purchase from the Issuer any Receivable that has become more than 60 days delinquent, and shall have the right to direct the Issuer to sell any such Receivable to the third-party purchaser; provided, that no more than 20% of the number of Receivables in the pool as of the Cutoff Date may be sold by the Issuer pursuant to this Section 4.3(c) in the aggregate; provided further, that the Servicer may elect to not direct the Issuer to sell a Receivable that has become more than 60 days delinquent if in its good faith judgment the Servicer determines that the proceeds ultimately recoverable with respect to such Receivable would be increased by forbearance. In selecting Receivables to be sold to a third party purchaser pursuant to this Section 4.3(c), the Servicer shall use commercially reasonable efforts to locate purchasers for the most delinquent Receivables first. In any event, the Servicer shall not use any procedure in selecting Receivables to be sold to third party purchasers which is materially adverse to the interest of the Noteholders. The Issuer shall sell each Sold Receivable for the greatest market price possible; provided, however, that aggregate Sale Amounts received by the Issuer for all Receivables sold to a single third-party purchaser on a single date must be at least equal to the sum of the Minimum Sale Prices for all such Receivables. The Servicer shall remit or cause the third-party purchaser to remit all sale proceeds from the sale of Receivables to the Collection Account without deposit into any intervening account as soon as practicable, but in no event later than the Business Day after receipt thereof.

SECTION 4.4. Insurance.

(a) The Servicer shall require, in accordance with its customary servicing policies and procedures, that each Financed Vehicle be insured by the related Obligor under the Insurance Policies referred to in Paragraph 27 of the Schedule of Representations and Warranties and shall monitor the status of such physical loss and damage insurance coverage thereafter, in accordance with its customary servicing procedures. Each Receivable requires the Obligor to maintain such physical loss and damage insurance, naming AmeriCredit (or an Originating Affiliate or a Titled Third-Party Lender) and its successors and assigns as additional insureds, and permits the holder of such Receivable to obtain physical loss and damage insurance at the expense of the Obligor if the Obligor fails to maintain such insurance. If the Servicer shall determine that an Obligor has failed to obtain or maintain a physical loss and damage Insurance Policy covering the related Financed Vehicle which satisfies the conditions set forth in clause (i)(a) of such Paragraph 27 (including, without limitation, during the repossession of such Financed Vehicle) the Servicer may enforce the rights of the holder of the Receivable under the Receivable to require the Obligor to obtain such physical loss and damage insurance in accordance with its customary servicing policies and procedures. The Servicer may maintain a vendor’s single interest or other collateral protection insurance policy with respect to all Financed Vehicles (“Collateral Insurance”) which policy shall by its terms insure against physical loss and damage in the event any Obligor fails to maintain physical loss and damage insurance with respect to the related Financed Vehicle. The Servicer shall cause itself, an Originating Affiliate or a Titled Third-Party Lender, and may cause the Trust Collateral Agent, to be named as named insured under all policies of Collateral Insurance. Costs incurred by the Servicer in maintaining such Collateral Insurance shall be paid by the Servicer.

(b) The Servicer may, if an Obligor fails to obtain or maintain a physical loss and damage Insurance Policy, obtain insurance with respect to the related Financed Vehicle and advance on behalf of such Obligor, as required under the terms of the insurance policy, the premiums for such insurance (such insurance being referred to herein as “Force-Placed Insurance”). All policies of Force-Placed Insurance shall be endorsed with clauses providing for loss payable to the Servicer. Any cost incurred by the Servicer in maintaining such Force-Placed Insurance shall only be recoverable out of premiums paid by the Obligors or Net Liquidation Proceeds with respect to the Receivable, as provided in Section 4.4(c).

(c) In connection with any Force-Placed Insurance obtained hereunder, the Servicer may, in the manner and to the extent permitted by applicable law, require the Obligors to repay the entire premium to the Servicer. In no event shall the Servicer include the amount of the premium in the Amount Financed under the Receivable. For all purposes of this Agreement, the Insurance Add-On Amount with respect to any Receivable having Force-Placed Insurance will be treated as a separate obligation of the Obligor and will not be added to the Principal Balance of such Receivable, and amounts allocable thereto will not be available for distribution on the Notes and the Certificates. The Servicer shall retain and separately administer the right to receive payments from Obligors with respect to Insurance Add-On Amounts or rebates of Forced-Placed Insurance premiums. If an Obligor makes a payment with respect to a Receivable having Force-Placed Insurance, but the Servicer is unable to determine whether the payment is allocable to the Receivable or to the Insurance Add-On Amount, the payment shall be applied first to any unpaid Scheduled Receivables Payments and then to the Insurance Add-On Amount. Net Liquidation

Proceeds on any Receivable will be used first to pay the Principal Balance and accrued interest on such Receivable and then to pay the related Insurance Add-On Amount. If an Obligor under a Receivable with respect to which the Servicer has placed Force-Placed Insurance fails to make scheduled payments of such Insurance Add-On Amount as due, and the Servicer has determined that eventual payment of the Insurance Add-On Amount is unlikely, the Servicer may, but shall not be required to, purchase such Receivable from the Trust for the Purchase Amount on any subsequent Determination Date. Any such Receivable, and any Receivable with respect to which the Servicer has placed Force-Placed Insurance which has been paid in full (excluding any Insurance Add-On Amounts) will be assigned to the Servicer.

(d) The Servicer may xxx to enforce or collect upon the Insurance Policies, in its own name, if possible, or as agent of the Trust. If the Servicer elects to commence a legal proceeding to enforce an Insurance Policy, the act of commencement shall be deemed to be an automatic assignment of the rights of the Trust under such Insurance Policy to the Servicer for purposes of collection only. If, however, in any enforcement suit or legal proceeding it is held that the Servicer may not enforce an Insurance Policy on the grounds that it is not a real party in interest or a holder entitled to enforce the Insurance Policy, the Owner Trustee and/or the Trust Collateral Agent, at the Servicer’s expense, or the Seller, at the Seller’s expense, shall take such steps as the Servicer deems necessary to enforce such Insurance Policy, including bringing suit in its name or the name of the Trust and the Owner Trustee and/or the Trust Collateral Agent for the benefit of the Noteholders.

SECTION 4.5. Maintenance of Security Interests in Vehicles.

(a) Consistent with the policies and procedures required by this Agreement, the Servicer shall take such steps on behalf of the Trust as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Vehicle, including, but not limited to, obtaining the execution by the Obligors and the recording, registering, filing, re-recording, re-filing, and re-registering of all security agreements, financing statements and continuation statements as are necessary to maintain the security interest granted by the Obligors under the respective Receivables. The Trust Collateral Agent hereby authorizes the Servicer, and the Servicer agrees, to take any and all steps necessary to re-perfect such security interest on behalf of the Trust as necessary because of the relocation of a Financed Vehicle or for any other reason. In the event that the assignment of a Receivable to the Trust is insufficient, without a notation on the related Financed Vehicle’s certificate of title, or without fulfilling any additional administrative requirements under the laws of the state in which the Financed Vehicle is located, to perfect a security interest in the related Financed Vehicle in favor of the Trust, the Servicer hereby agrees that the designation of AmeriCredit (or an Originating Affiliate or a Titled Third-Party Lender) as the secured party on the Lien Certificate is in its capacity as Servicer as agent of the Trust.

(b) Upon the occurrence of a Servicer Termination Event, the Trust Collateral Agent and the Servicer shall take or cause to be taken such action as may, in the Opinion of Counsel to the Majority Noteholders, be necessary to perfect or re-perfect the security interests in the Financed Vehicles securing the Receivables in the name of the Trust by amending the title documents of such Financed Vehicles or by such other reasonable means as may, in the Opinion of Counsel to the Majority Noteholders, be necessary or prudent.

AmeriCredit hereby agrees to pay all expenses related to such perfection or reperfection and to take all action necessary therefor. AmeriCredit hereby appoints the Trust Collateral Agent as its attorney-in-fact to take any and all steps required to be performed by AmeriCredit pursuant to this Section 4.5(b) (it being understood that and agreed that the Trust Collateral Agent shall have no obligation to take such steps with respect to all perfection or reperfection, except as pursuant to the Basic Documents to which it is a party and to which AmeriCredit has paid all expenses), including execution of Lien Certificates or any other documents in the name and stead of AmeriCredit, and the Trust Collateral Agent hereby accepts such appointment.

SECTION 4.6. Covenants, Representations, and Warranties of Servicer. By its execution and delivery of this Agreement, the Servicer makes the following representations, warranties and covenants on which the Trust Collateral Agent relies in accepting the Receivables and on which the Trustee relies in authenticating the Notes.

(a) The Servicer covenants as follows:

(i) Liens in Force. The Financed Vehicle securing each Receivable shall not be released in whole or in part from the security interest granted by the Receivable, except upon payment in full of the Receivable or as otherwise contemplated herein;

(ii) No Impairment. The Servicer shall do nothing to impair the rights of the Trust or the Noteholders in the Receivables, the Dealer Agreements, the Auto Loan Purchase and Sale Agreements, the Dealer Assignments, the Third-Party Lender Assignments, the Insurance Policies or the Other Conveyed Property except as otherwise expressly provided herein;

(iii) No Amendments. The Servicer shall not extend or otherwise amend the terms of any Receivable, except in accordance with Section 4.2; and

(iv) Restrictions on Liens. The Servicer shall not (i) create, incur or suffer to exist, or agree to create, incur or suffer to exist, or consent to cause or permit in the future (upon the happening of a contingency or otherwise) the creation, incurrence or existence of any Lien or restriction on transferability of the Receivables except for the Lien in favor of the Trust Collateral Agent for the benefit of the Noteholders and the restrictions on transferability imposed by this Agreement or (ii) sign or file under the Uniform Commercial Code of any jurisdiction any financing statement which names AmeriCredit or the Servicer as a debtor, or sign any security agreement authorizing any secured party thereunder to file such financing statement, with respect to the Receivables, except in each case any such instrument solely securing the rights and preserving the Lien of the Trust Collateral Agent, for the benefit of the Noteholders.

(b) The Servicer represents, warrants and covenants as of the Closing Date as to itself that the representations and warranties set forth on the Schedule of Representations attached hereto as Schedule B are true and correct; provided that such representations and warranties contained therein and herein shall not apply to any entity other than AmeriCredit.

SECTION 4.7. Purchase of Receivables Upon Breach of Covenant. Upon discovery by any of the Servicer, a Responsible Officer of the Trust Collateral Agent, the Owner Trustee, a Responsible Officer of the Backup Servicer or a

Responsible Officer of the Trustee of a breach of any of the covenants set forth in Sections 1, 2 or 3 of the Custodian Agreement or in Sections 4.5(a) or 4.6 hereof, the party discovering such breach shall give prompt written notice to the others; provided, however, that the failure to give any such notice shall not affect any obligation of AmeriCredit as Servicer under this Section. As of the second Accounting Date following its discovery or receipt of notice of any breach of any covenant set forth in Section 3(b) of the Custodian Agreement or Sections 4.5(a) or 4.6 hereof which materially and adversely affects the interests of the Noteholders in any Receivable (including any Liquidated Receivable) (or, at AmeriCredit’s election, the first Accounting Date so following) or the related Financed Vehicle, AmeriCredit shall, unless such breach shall have been cured in all material respects, purchase from the Trust the Receivable affected by such breach and, on the related Determination Date, AmeriCredit shall pay the related Purchase Amount. It is understood and agreed that the obligation of AmeriCredit to purchase any Receivable (including any Liquidated Receivable) with respect to which such a breach has occurred and is continuing shall, if such obligation is fulfilled, constitute the sole remedy against AmeriCredit for such breach available to the Noteholders, the Owner Trustee, the Backup Servicer or the Trust Collateral Agent; provided, however, that AmeriCredit shall indemnify the Trust, the Backup Servicer, the Owner Trustee, the Trust Collateral Agent, the Trustee and the Noteholders from and against all costs, expenses, losses, damages, claims and liabilities, including reasonable fees and expenses of counsel, which may be asserted against or incurred by any of them as a result of third party claims arising out of the events or facts giving rise to such breach. Notwithstanding anything to the contrary contained herein, AmeriCredit will not be required to repurchase Receivables due solely to the Servicer’s not having received Lien Certificates that have been properly applied for from the Registrar of Titles in the applicable states for such Receivables unless (i) such Lien Certificates shall not have been received with respect to Receivables with Principal Balances which total more than 1.0% of the Aggregate Principal Balance as of the 180^th day after the Closing Date, in which case AmeriCredit shall be required to repurchase a sufficient number of such Receivables to cause the aggregate Principal Balances of the remaining Receivables for which no such Lien Certificate shall have been received to be no greater than 1.0% of the Aggregate Principal Balance as of such date or (ii) such Lien Certificates shall not have been received as of the 240^th day after the Closing Date. This Section shall survive the termination of this Agreement and the earlier removal or resignation of the Trustee and/or the Trust Collateral Agent and/or the Backup Servicer.

SECTION 4.8. Total Servicing Fee; Payment of Certain Expenses by Servicer. On each Distribution Date, the Servicer shall be entitled to receive out of the Collection Account the Base Servicing Fee and any Supplemental Servicing Fee for the related Collection Period (together, the “Servicing Fee”) pursuant to Section 5.7. The Servicer shall be required to pay all expenses incurred by it in connection with its activities under this Agreement (including taxes imposed on the Servicer, expenses incurred in connection with distributions and reports made by the Servicer to the Noteholders and all other fees and expenses of the Owner Trustee, the Backup Servicer, the Trust Collateral Agent or the Trustee, except taxes levied or assessed against the Trust, and claims against the Trust in respect of indemnification, which taxes and claims in respect of indemnification against the Trust are expressly stated to be for the account of AmeriCredit). The Servicer shall be liable for the fees and expenses of the Owner Trustee, the Backup Servicer, the Trust Collateral Agent, the Trustee, the Custodian, the Lockbox Bank (and any fees under the Lockbox Account Agreement), the Lockbox Processor (and any fees under

the Lockbox Processing Agreement) and the Independent Accountants. Notwithstanding the foregoing, if the Servicer shall not be AmeriCredit, a successor to AmeriCredit as Servicer including the Backup Servicer permitted by Section 9.3 shall not be liable for taxes levied or assessed against the Trust or claims against the Trust in respect of indemnification, or the fees and expenses referred to above.

SECTION 4.9. Servicer’s Certificate.

No later than noon Eastern time on each Determination Date, the Servicer shall deliver (facsimile delivery being acceptable) to the Trustee, the Owner Trustee, the Trust Collateral Agent and the Backup Servicer the monthly Servicer’s Certificate. The Servicer will also deliver the Servicer’s Certificate to each Rating Agency on the same date the Servicer’s Certificate is publicly available (provided that if the Servicer’s Certificate is not made publicly available, the Servicer will deliver it to each Rating Agency, no later than the 15th of each month (or if not a Business Day, the next succeeding Business Day)). The Servicer’s Certificate will be executed by a Responsible Officer of the Servicer and contain among other things: (i) all information necessary to enable the Trust Collateral Agent to make the distributions required by Sections 5.7(a) and 5.7(b), (ii) a listing of all Purchased Receivables and Sold Receivables purchased by the Servicer or sold by the Issuer as of the related Accounting Date, identifying the Receivables so purchased by the Servicer or sold by the Issuer, (iii) all information necessary to enable the Backup Servicer to verify the items specified in Section 4.13(ii) (as set forth in the Monthly Tape delivered pursuant to Section 4.13) and (iv) all information necessary to enable the Trust Collateral Agent to send the statements to Noteholders required by Section 5.9. Receivables purchased by the Servicer or by the Seller on the related Accounting Date and each Receivable which became a Liquidated Receivable or which was paid in full during the related Collection Period shall be identified by account number (as set forth in the Schedule of Receivables).

SECTION 4.10. Annual Statement as to Compliance, Notice of Servicer Termination Event.

(a) To the extent required by Section 1123 of Regulation AB, the Servicer, shall deliver to the Trustee, the Owner Trustee, the Trust Collateral Agent, the Backup Servicer and each Rating Agency, on or before March 31 of each year (regardless of whether the Seller has ceased filing reports under the Exchange Act), beginning on March 31, 2012, an officer’s certificate signed by any Responsible Officer of the Servicer, dated as of December 31 of the previous calendar year, stating that (i) a review of the activities of the Servicer during the preceding calendar year (or such other period as shall have elapsed from the Closing Date to the date of the first such certificate) and of its performance under this Agreement has been made under such officer’s supervision, and (ii) to such officer’s knowledge, based on such review, the Servicer has fulfilled in all material respects all its obligations under this Agreement throughout such period, or, if there has been a failure to fulfill any such obligation in any material respect, identifying each such failure known to such officer and the nature and status of such failure.

(b) The Servicer shall deliver to the Trustee, the Owner Trustee, the Trust Collateral Agent, the Backup Servicer and each Rating Agency, promptly after having obtained knowledge thereof, but in no event later than two (2) Business Days thereafter, written notice in an officer’s certificate of any event which with the giving of notice or lapse of time, or both, would become a

Servicer Termination Event under Section 9.1(a). The Seller or the Servicer shall deliver to the Trustee, the Owner Trustee, the Trust Collateral Agent, the Backup Servicer, the Servicer or the Seller (as applicable) and each Rating Agency promptly after having obtained knowledge thereof, but in no event later than two (2) Business Days thereafter, written notice in an officer’s certificate of any event which with the giving of notice or lapse of time, or both, would become a Servicer Termination Event under any other clause of Section 9.1.

(c) The Servicer will deliver to the Issuer, on or before March 31 of each year, beginning on March 31, 2012, a report regarding the Servicer’s assessment of compliance with certain minimum servicing criteria during the immediately preceding calendar year, as required under Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB.

(d) To the extent required by Regulation AB, the Servicer will cause any affiliated servicer or any other party deemed to be participating in the servicing function pursuant to Item 1122 of Regulation AB to provide to the Issuer, on or before March 31 of each year, beginning on March 31, 2012, a report regarding such party’s assessment of compliance with certain minimum servicing criteria during the immediately preceding calendar year, as required under Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB.

(e) Xxxxx Fargo Bank, National Association acknowledges, in its capacity as Backup Servicer and Trust Collateral Agent under this Agreement and in its capacity as Indenture Trustee under the Basic Documents, that to the extent it is deemed to be participating in the servicing function pursuant to Item 1122 of Regulation AB, it will take any action reasonably requested by the Servicer to ensure compliance with the requirements of Section 4.10(d) and Section 4.11(b) hereof and with Item 1122 of Regulation AB. Such required documentation will be delivered to the Servicer by March 15 of each calendar year.

SECTION 4.11. Annual Independent Public Accountants’ Reports. The Servicer shall cause a firm of nationally recognized independent certified public accountants (the “Independent Accountants”), who may also render other services to the Servicer or its Affiliates, to deliver to the Trustee, the Owner Trustee, the Trust Collateral Agent, the Backup Servicer, on or before March 31 (or 90 days after the end of the Issuer’s fiscal year, if other than December 31) of each year, beginning in March 31, 2012, a report, dated as of December 31 of the preceding calendar year, addressed to the board of directors of the Servicer, providing its attestation report on the servicing assessment delivered pursuant to Section 4.10(c), including disclosure of any material instance of non-compliance, as required by Rule 13a-18 and 15d-18 of the Exchange Act and Item 1122(b) of Regulation AB. Such attestation will be in accordance with Rules 1-02(a)(3) and 2-02(g) of Regulation S-X under the Securities Act and the Exchange Act.

(b) Each party required to deliver an assessment of compliance described in Section 4.10(d) shall cause Independent Accountants, who may also render other services to such party or its Affiliates, to deliver to the Trustee, the Owner Trustee, the Trust Collateral Agent, the Backup Servicer and the Servicer, on or before March 31 (or 90 days after the end of the Issuer’s fiscal year, if other than December 31) of each year, beginning in March 31, 2012, a report, dated as of December 31 of the preceding calendar year, addressed to the board of directors of such party, providing its attestation report on the servicing assessment delivered pursuant to Section 4.10(d), including disclosure of any material instance of non-compliance, as required by Rule 13a-18 and

15d-18 of the Exchange Act and Item 1122(b) of Regulation AB. Such attestation will be in accordance with Rules 1-02(a)(3) and 2-02(g) of Regulation S-X under the Securities Act and the Exchange Act.

(c) The Servicer shall cause a firm of Independent Accountants, who may also render other services to the Servicer or to the Seller, (1) to deliver to the Trustee, the Owner Trustee, the Trust Collateral Agent and the Backup Servicer, on or before October 31 (or 120 days after the end of the Servicer’s fiscal year, if other than June 30) of each year, beginning on October 31, 2011, with respect to the twelve months ended the immediately preceding June 30 (or other applicable date) (or such other period as shall have elapsed from the Closing Date to the date of such certificate (which period shall not be less than six months)), a copy of the Form 10-K filed with the United States Securities and Exchange Commission for General Motors Financial Company, Inc., which filing includes a statement that such audit was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as such firm considered necessary in the circumstances; and (2) upon request of the Trustee, the Owner Trustee, the Trust Collateral Agent or the Backup Servicer, to issue an acknowledgement to the effect that such firm has audited the books and records of General Motors Financial Company, Inc., in which the Servicer is included as a consolidated subsidiary, and issued its report pursuant to item (1) of this section and that the accounting firm is independent of the Seller and the Servicer within the meaning of the Code of Professional Ethics of the American Institute of Certified Public Accountants.

SECTION 4.12. Access to Certain Documentation and Information Regarding Receivables. The Servicer shall provide to representatives of the Trustee, the Owner Trustee, the Trust Collateral Agent and the Backup Servicer reasonable access to the documentation regarding the Receivables. In each case, such access shall be afforded without charge but only upon reasonable request and during normal business hours. Nothing in this Section shall affect the obligation of the Servicer to observe any applicable law prohibiting disclosure of information regarding the Obligors, and the failure of the Servicer to provide access as provided in this Section as a result of such obligation shall not constitute a breach of this Section.

SECTION 4.13. Monthly Tape. No later than the second Business Day after each Distribution Date, the Servicer will deliver to the Trust Collateral Agent and the Backup Servicer a computer tape and a diskette (or any other electronic transmission acceptable to the Trust Collateral Agent and the Backup Servicer) in a format acceptable to the Trust Collateral Agent and the Backup Servicer containing the information with respect to the Receivables as of the preceding Accounting Date necessary for preparation of the Servicer’s Certificate relating to the immediately preceding Determination Date and necessary to review the application of collections as provided in Section 5.4 (the “Monthly Tape”). The Backup Servicer shall use such tape or diskette (or other electronic transmission acceptable to the Trust Collateral Agent and the Backup Servicer) to (i) confirm that such tape, diskette or other electronic transmission is in readable form, and (ii) calculate and confirm (A) the aggregate amount distributable as principal on the related Distribution Date to each Class of Notes, (B) the aggregate amount distributable as interest on the related Distribution Date to each Class of Notes, (C) any amounts distributable on the related Distribution Date which are to be paid with funds withdrawn from the Reserve Account, (D) the outstanding principal amount of each Class of Notes after giving effect to all distributions made pursuant to clause (A), above, (E) the Note Pool Factor for each Class of

Notes after giving effect to all distributions made pursuant to clause (A), above, and (F) the aggregate Noteholders’ Principal Carryover Amount and the aggregate Noteholders’ Interest Carryover Amount on such Distribution Date after giving effect to all distributions made pursuant to clauses (A) and (B), above, respectively. The Backup Servicer shall certify to the Trustee that it has verified the Servicer’s Certificate in accordance with this Section and shall notify the Servicer and the Trustee of any discrepancies, in each case, on or before the fifth Business Day following the Distribution Date. In the event that the Backup Servicer reports any discrepancies, the Servicer and the Backup Servicer shall attempt to reconcile such discrepancies prior to the next succeeding Distribution Date, but in the absence of a reconciliation, the Servicer’s Certificate shall control for the purpose of calculations and distributions with respect to the next succeeding Distribution Date. In the event that the Backup Servicer and the Servicer are unable to reconcile discrepancies with respect to a Servicer’s Certificate by the next succeeding Distribution Date, the Servicer shall cause the Independent Accountants, at the Servicer’s expense, to audit the Servicer’s Certificate and, prior to the last day of the month after the month in which such Servicer’s Certificate was delivered, reconcile the discrepancies. The effect, if any, of such reconciliation shall be reflected in the Servicer’s Certificate for such next succeeding Determination Date. In addition, upon the occurrence of a Servicer Termination Event the Servicer shall, if so requested by the Controlling Party (acting at the written direction of the Majority Noteholders), deliver to the Backup Servicer or any successor Servicer its Collection Records and its Monthly Records within 15 days after demand therefor and a computer tape containing as of the close of business on the date of demand all of the data maintained by the Servicer in computer format in connection with servicing the Receivables. Other than the duties specifically set forth in this Agreement, the Backup Servicer shall have no obligations hereunder, including, without limitation, to supervise, verify, monitor or administer the performance of the Servicer. The Backup Servicer shall have no liability for any actions taken or omitted by the Servicer.

ARTICLE V

Trust Accounts; Distributions; Statements to Noteholders

SECTION 5.1. Establishment of Trust Accounts.

(a) (i) The Trust Collateral Agent, on behalf of the Noteholders, shall establish and maintain in its own name an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trust Collateral Agent on behalf of the Noteholders. The Collection Account shall initially be established with the Trust Collateral Agent.

(ii) The Trust Collateral Agent, on behalf of the Noteholders, shall establish and maintain in its own name an Eligible Deposit Account (the “Note Distribution Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trust Collateral Agent on behalf of the Noteholders. The Note Distribution Account shall initially be established with the Trust Collateral Agent.

(iii) The Trust Collateral Agent, on behalf of the Noteholders, shall establish and maintain in its own name an Eligible Deposit Account (the “Reserve Account”),

bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trust Collateral Agent on behalf of the Noteholders. The Reserve Account shall initially be established with the Trust Collateral Agent.

(b) Funds on deposit in the Collection Account, the Reserve Account and the Note Distribution Account (collectively, the “Trust Accounts”) shall be invested by the Trust Collateral Agent (or any custodian with respect to funds on deposit in any such account) in Eligible Investments selected in writing by the Servicer (pursuant to standing instructions or otherwise). All such Eligible Investments shall be held by or on behalf of the Trust Collateral Agent for the benefit of the Noteholders. Other than as permitted by the Rating Agencies, funds on deposit in any Trust Account shall be invested in Eligible Investments that will mature so that such funds will be available at the close of business on the Business Day immediately preceding the following Distribution Date. All Eligible Investments will be held to maturity. Each institution at which the relevant Trust Account is maintained shall invest the funds therein as directed in writing by the Servicer in Eligible Investments.

(c) All Investment Earnings of moneys deposited in each Trust Account shall be deposited (or caused to be deposited) in the Collection Account on each Distribution Date by the Trust Collateral Agent and applied as Available Funds on such Distribution Date, and any loss resulting from such investments shall be charged to such Trust Account. The Servicer will not direct the Trust Collateral Agent to make any investment of any funds held in any of the Trust Accounts unless the security interest granted and perfected in such account will continue to be perfected in such investment, in either case without any further action by any Person, and, in connection with any direction to the Trust Collateral Agent to make any such investment, if requested by the Trust Collateral Agent, the Servicer shall deliver to the Trust Collateral Agent an Opinion of Counsel, acceptable to the Trust Collateral Agent, to such effect.

(d) The Trust Collateral Agent shall not in any way be held liable by reason of any insufficiency in any of the Trust Accounts resulting from any loss on any Eligible Investment included therein except for losses attributable to the Trust Collateral Agent’s negligence or bad faith or its failure to make payments on such Eligible Investments issued by the Trust Collateral Agent, in its commercial capacity as principal obligor and not as trustee, in accordance with their terms.

(e) If (i) the Servicer shall have failed to give investment directions in writing for any funds on deposit in the Trust Accounts to the Trust Collateral Agent by 1:00 p.m. Eastern Time (or such other time as may be agreed by the Issuer and Trust Collateral Agent) on any Business Day; or (ii) a Default or Event of Default shall have occurred and is continuing with respect to the Notes but the Notes shall not have been declared due and payable, or, if such Notes shall have been declared due and payable following an Event of Default, amounts collected or received from the Trust Property are being applied as if there had not been such a declaration; then the Trust Collateral Agent shall, to the fullest extent practicable, invest and reinvest funds in the Trust Accounts in the investment described in clause (d) of the definition of Eligible Investments.

(f) (i) The Trust Collateral Agent shall possess all right, title and interest in all funds on deposit from time to time in the Trust Accounts and in all proceeds thereof for the benefit of the Noteholders and all such funds, investments, proceeds and income shall be part of

the Owner Trust Estate. Except as otherwise provided herein, the Trust Accounts shall be under the sole dominion and control of the Trust Collateral Agent for the benefit of the Noteholders. If, at any time, any of the Trust Accounts ceases to be an Eligible Deposit Account, the Trust Collateral Agent (or the Servicer on its behalf) shall within five Business Days (or such longer period as to which each Rating Agency may consent) establish a new Trust Account as an Eligible Deposit Account and shall transfer any cash and/or any investments to such new Trust Account. In connection with the foregoing, the Servicer agrees that, in the event that any of the Trust Accounts are not accounts with the Trust Collateral Agent, the Servicer shall notify the Trust Collateral Agent in writing promptly upon any of such Trust Accounts ceasing to be an Eligible Deposit Account.

(ii) With respect to the Trust Account Property, the Trust Collateral Agent agrees that:

(A) any Trust Account Property that is held in deposit accounts shall be held solely in the Eligible Deposit Accounts; and, except as otherwise provided herein, each such Eligible Deposit Account shall be subject to the exclusive custody and control of the Trust Collateral Agent, and the Trust Collateral Agent shall have sole signature authority with respect thereto;

(B) any Trust Account Property that constitutes Physical Property shall be delivered to the Trust Collateral Agent in accordance with paragraph (a) of the definition of “Delivery” and shall be held, pending maturity or disposition, solely by the Trust Collateral Agent or a securities intermediary (as such term is defined in Section 8-102(14) of the UCC) acting solely for the Trust Collateral Agent;

(C) the “securities intermediary’s jurisdiction” for purposes of Section 8-110 of the UCC shall be the State of New York;

(D) any Trust Account Property that is a book-entry security held through the Federal Reserve System pursuant to Federal book-entry regulations shall be delivered in accordance with paragraph (b) of the definition of “Delivery” and shall be maintained by the Trust Collateral Agent, pending maturity or disposition, through continued book-entry registration of such Trust Account Property as described in such paragraph;

(E) any Trust Account Property that is an “uncertificated security” or a “security entitlement” under Article 8 of the UCC and that is not governed by clause (D) above shall be delivered to the Trust Collateral Agent in accordance with paragraph (c) or (d), if applicable, of the definition of “Delivery” and shall be maintained by the Trust Collateral Agent, pending maturity or disposition, through continued registration of the Trust Collateral Agent’s (or its nominee’s) ownership of such security; and

(F) any cash that is Trust Account Property shall be considered a “financial asset” under Article 8 of the UCC.

(g) The Servicer shall have the power to instruct the Trust Collateral Agent to make withdrawals and payments from the Trust Accounts for the purpose of permitting the Servicer and the Trust Collateral Agent to carry out its respective duties hereunder.

SECTION 5.2. [Reserved]

SECTION 5.3. Certain Reimbursements to the Servicer. The Servicer will be entitled to be reimbursed from amounts on deposit in the Collection Account with respect to a Collection Period for amounts previously deposited in the Collection Account but later determined by the Servicer to have resulted from mistaken deposits or postings or checks returned for insufficient funds. The amount to be reimbursed hereunder shall be paid to the Servicer on the related Distribution Date pursuant to Section 5.7(a)(i) upon certification by the Servicer of such amounts and the provision of such information to the Trust Collateral Agent. The Servicer will additionally be entitled to receive from amounts on deposit in the Collection Account with respect to a Collection Period any amounts paid by Obligors that were deposited in the Lockbox Account but that do not relate to (i) principal and interest payments due on the Receivables and (ii) any fees or expenses related to extensions due on the Receivables.

SECTION 5.4. Application of Collections. All collections for the Collection Period shall be applied by the Servicer as follows:

(a) With respect to each Receivable (other than a Purchased Receivable or a Sold Receivable), payments by or on behalf of the Obligor, (other than Supplemental Servicing Fees with respect to such Receivable, to the extent collected) shall be applied to interest and principal in accordance with the Simple Interest Method.

(b) All amounts collected that are payable to the Servicer as Supplemental Servicing Fees hereunder shall be deposited in the Collection Account and paid to the Servicer in accordance with Section 5.7(a).

SECTION 5.5. [Reserved].

SECTION 5.6. Additional Deposits.

(a) The Servicer and the Seller, as applicable, shall deposit or cause to be deposited in the Collection Account on the Determination Date on which such obligations are due the aggregate Purchase Amount with respect to Purchased Receivables and the aggregate Sale Amounts with respect to Sold Receivables.

(b) The proceeds of any purchase or sale of the assets of the Trust described in Section 10.1 hereof shall be deposited in the Collection Account.

SECTION 5.7. Distributions.

(a) On each Distribution Date, the Trust Collateral Agent shall (based solely on the information contained in the Servicer’s Certificate delivered with respect to the related Determination Date) apply or cause to be applied the sum of (x) the Available Funds (after withdrawing amounts deposited in error and Liquidation Proceeds relating to Purchased

Receivables) for the related Collection Period and (y) the Reserve Account Withdrawal Amount for such Distribution Date (such sum, the “Total Available Funds”) to distribute the following amounts from the Collection Account unless otherwise specified, to the extent of the sources of funds stated to be available therefore, and in the following order of priority:

(i) from the Total Available Funds, to the Servicer, (1) the Base Servicing Fee for the related Collection Period, (2) any Supplemental Servicing Fees for the related Collection Period, (3) any amounts specified in Section 5.3, (4) to the extent the Servicer has not reimbursed itself in respect of such amounts pursuant to Section 5.3, and to the extent not retained by the Servicer, and to pay to AmeriCredit any amounts paid by Obligors during the preceding calendar month that did not relate to (x) principal and interest payments due on the Receivables and (y) any fees or expenses related to extensions due on the Receivables and (5) to any successor Servicer, transition fees not to exceed $200,000 (including boarding fees) in the aggregate;

(ii) from the Total Available Funds, to each of the Lockbox Bank, the Lockbox Processor, the Trustee, the Trust Collateral Agent, the Backup Servicer and the Owner Trustee, their respective accrued and unpaid fees, expenses and indemnities (in each case, to the extent such fees, expenses or indemnities have not been previously paid by the Servicer, and provided that such fees, expenses and indemnities shall not exceed (x) $100,000 in the aggregate in any calendar year to the Owner Trustee and (y) $200,000 in the aggregate in any calendar year to the Lockbox Bank, the Lockbox Processor, the Trust Collateral Agent, the Backup Servicer and the Trustee);

(iii) from the Total Available Funds, to the Class A Noteholders, pari passu, the Noteholders’ Interest Distributable Amount for the Class A Notes for such Distribution Date;

(iv) from the Total Available Funds, for distribution as provided in paragraph (b) below, the Class A Principal Parity Amount;

(v) from the Total Available Funds, for distribution as provided in paragraph (b) below, any Matured Principal Shortfall on account of the Class A Notes;

(vi) from the Total Available Funds, to the Class B Noteholders, the Noteholders’ Interest Distributable Amount for the Class B Notes for such Distribution Date;

(vii) from the Total Available Funds, for distribution as provided in paragraph (b) below, the Class B Principal Parity Amount;

(viii) from the Total Available Funds, for distribution as provided in paragraph (b) below, any Matured Principal Shortfall on account of the Class B Notes;

(ix) from the Total Available Funds, to the Class C Noteholders, the Noteholders’ Interest Distributable Amount for the Class C Notes for such Distribution Date;

(x) from the Total Available Funds, for distribution as provided in paragraph (b) below, the Class C Principal Parity Amount;

(xi) from the Total Available Funds, for distribution as provided in paragraph (b) below, any Matured Principal Shortfall on account of the Class C Notes;

(xii) from the Total Available Funds, to the Class D Noteholders, the Noteholders’ Interest Distributable Amount for the Class D Notes for such Distribution Date;

(xiii) from the Total Available Funds, for distribution as provided in paragraph (b) below, the Class D Principal Parity Amount;

(xiv) from the Total Available Funds, for distribution as provided in paragraph (b) below, any Matured Principal Shortfall on account of the Class D Notes;

(xv) from the Total Available Funds, to the Class E Noteholders, the Noteholders’ Interest Distributable Amount for the Class E Notes for such Distribution Date;

(xvi) from the Total Available Funds, for distribution as provided in paragraph (b) below, the Class E Principal Parity Amount;

(xvii) from the Total Available Funds, for distribution as provided in paragraph (b) below, any Matured Principal Shortfall on account of the Class E Notes;

(xviii) from the Total Available Funds, for distribution as provided in paragraph (b) below, the Noteholders’ Principal Distributable Amount;

(xix) from the Total Available Funds, to the Reserve Account, the Reserve Account Deposit Amount for such Distribution Date;

(xx) from the Total Available Funds, for distribution as provided in paragraph (b) below, the Accelerated Principal Amount;

(xxi) from the Total Available Funds, to pay each of the Indenture Trustee, the Owner Trustee, the Trust Collateral Agent, the Backup Servicer, the Lockbox Bank, the Lockbox Processor and the successor servicer any fees, expenses and indemnities then due to such party that are in excess of the related cap or annual limitation specified in clauses (i) and (ii) above; and

(xxii) from the Total Available Funds, to the Certificate Distribution Account for distribution to the Certificateholders in accordance with the Trust Agreement, the aggregate amount remaining in the Collection Account.

On any Distribution Date with respect to which no Servicer’s Certificate was delivered, to the extent there are Available Funds in the Collection Account, the Trust Collateral Agent will make payments of the Noteholders’ Interest Distributable Amounts described in (iii), (vi), (ix),

(xii) and (xv) above as well as any Matured Principal Shortfalls described in (v), (viii), (xi), (xiv) and (xvii) above.

(b) On each Distribution Date, the Trust Collateral Agent shall apply or cause to be applied the aggregate of the amounts described in clause (iv), (v), (vii), (viii), (x), (xi), (xiii), (xiv), (xvi), (xvii) and (xviii) of paragraph (a) above on that Distribution Date in the listed order of priority:

(i) to the Class A-1 Noteholders in reduction of the remaining principal balance of the Class A-1 Notes, until the outstanding principal balance thereof has been reduced to zero;

(ii) to the Class A-2 Noteholders in reduction of the remaining principal balance of the Class A-2 Notes, until the outstanding principal balance thereof has been reduced to zero;

(iii) to the Class A-3 Noteholders in reduction of the remaining principal balance of the Class A-3 Notes, until the outstanding principal balance thereof has been reduced to zero;

(iv) to the Class B Noteholders in reduction of the remaining principal balance of the Class B Notes, until the outstanding principal balance thereof has been reduced to zero;

(v) to the Class C Noteholders in reduction of the remaining principal balance of the Class C Notes, until the outstanding principal balance thereof has been reduced to zero;

(vi) to the Class D Noteholders in reduction of the remaining principal balance of the Class D Notes, until the outstanding principal balance thereof has been reduced to zero;

(vii) to the Class E Noteholders in reduction of the remaining principal balance of the Class E Notes, until the outstanding principal balance thereof has been reduced to zero;

provided, however, that, (A) following an acceleration of the Notes pursuant to the Indenture, (B) the occurrence of an Event of Default pursuant to Section 5.1(i), 5.1(ii), 5.1(iv) or 5.1(v) of the Indenture or (C) the receipt of Insolvency Proceeds pursuant to Section 10.1(b), amounts deposited in the Note Distribution Account (including any such Insolvency Proceeds) shall be paid to the Noteholders, pursuant to Section 5.6 of the Indenture.

(c) In the event that the Collection Account is maintained with an institution other than the Trust Collateral Agent, the Servicer shall instruct and cause such institution to make all deposits and distributions pursuant to Sections 5.7(a) and 5.7(b) on the related Distribution Date.

(d) In the event that any withholding tax is imposed on the Trust’s payment (or allocations of income) to a Noteholder, such tax shall reduce the amount otherwise distributable

to the Noteholder in accordance with this Section. The Trust Collateral Agent is hereby authorized and directed to retain from amounts otherwise distributable to the Noteholders sufficient funds for the payment of any tax attributable to the Trust (but such authorization shall not prevent the Trust Collateral Agent from contesting any such tax in appropriate proceedings, and withholding payment of such tax, if permitted by law, pending the outcome of such proceedings). The amount of any withholding tax imposed with respect to a Noteholder shall be treated as cash distributed to such Noteholder at the time it is withheld by the Trust and remitted to the appropriate taxing authority. If there is a possibility that withholding tax is payable with respect to a distribution (such as a distribution to a non-US Noteholder), the Trust Collateral Agent may in its sole discretion withhold such amounts in accordance with this clause (c). In the event that a Noteholder wishes to apply for a refund of any such withholding tax, the Trust Collateral Agent shall reasonably cooperate with such Noteholder in making such claim so long as such Noteholder agrees to reimburse the Trust Collateral Agent for any out-of-pocket expenses (including legal fees and expenses) incurred.

(e) Distributions required to be made to Noteholders on any Distribution Date shall be made to each Noteholder of record on the preceding Record Date either by (i) wire transfer, in immediately available funds, to the account of such Holder at a bank or other entity having appropriate facilities therefore, if such Noteholder shall have provided to the Note Registrar appropriate written instructions at least five Business Days prior to such Distribution Date and such Holder’s Notes in the aggregate evidence a denomination of not less than $1,000,000 or (ii) by check mailed to such Noteholder at the address of such holder appearing in the Note Register. Notwithstanding the foregoing, the final distribution in respect of any Note (whether on the Final Scheduled Distribution Date or otherwise) will be payable only upon presentation and surrender of such Note at the office or agency maintained for that purpose by the Note Registrar pursuant to Section 2.4 of the Indenture.

(f) Subject to Section 5.1 and this section, monies received by the Trust Collateral Agent hereunder need not be segregated in any manner except to the extent required by law and may be deposited under such general conditions as may be prescribed by law, and the Trust Collateral Agent shall not be liable for any interest thereon.

SECTION 5.8. Reserve Account.

(i) On the Closing Date, the Seller shall deposit the Specified Reserve Balance into the Reserve Account. Amounts held from time to time in the Reserve Account shall be held by the Trust Collateral Agent for the benefit of the Noteholders.

(ii) The Seller may, from time to time after the date hereof, request each Rating Agency to approve a formula for determining the Specified Reserve Balance that is different from the formula set forth herein, which may result in a decrease in the amount of the Specified Reserve Balance or change the manner by which the Reserve Account is funded. Notwithstanding any other provision of this Agreement, if each Rating Agency then rating the Notes notifies the Seller (who shall send such notification to the Trust Collateral Agent) in writing that the use of any such new formula, and any decrease in the amount of the Specified Reserve Balance or change in the manner by which the Reserve Account is funded, will not result in the qualification, reduction or

withdrawal of its then current rating of the Notes then the Specified Reserve Balance will be determined in accordance with such new formula and this Agreement will be amended to reflect such new formula without the consent of any Noteholder.

(iii) On each Distribution Date, the Servicer shall instruct the Trust Collateral Agent (based on the information contained in the Servicer’s Certificate delivered on the related Determination Date) (A) if the amount on deposit in the Reserve Account (without taking into account any amount on deposit in the Reserve Account representing net investment earnings) is less than the Specified Reserve Balance, in which case the Trust Collateral Agent shall, after payment of any amounts required to be distributed pursuant to clauses (i) through (xviii) of Section 5.7(a) deposit in the Reserve Account the Reserve Account Deposit Amount pursuant to Section 5.7(a)(xix), and (B) if the amount on deposit in the Reserve Account, after giving effect to all other deposits thereto and withdrawals therefrom to be made on such Distribution Date is greater than the Specified Reserve Balance, in which case the Trust Collateral Agent shall distribute the amount such excess as part of Available Funds on such Distribution Date.

(b) On each Distribution Date, the Servicer shall instruct the Trust Collateral Agent (based on the information contained in the Servicer’s Certificate delivered on the related Determination Date) to withdraw the Reserve Account Withdrawal Amount from the Reserve Account and deposit such amounts in the Collection Account to be included as Total Available Funds for that Distribution Date.

(c) Amounts properly transferred to the Certificate Distribution Account for payment to the Certificateholders pursuant to this Agreement shall not be available to the Trust Collateral Agent or the Trust for the purpose of making deposits to the Reserve Account, or making payments to the Noteholders, nor shall the Certificateholders be required to refund any amount properly received by them.

SECTION 5.9. Statements to Noteholders.

(a) On or prior to each Distribution Date, the Trust Collateral Agent shall provide each Noteholder of record a statement setting forth at least the following information as to the Notes to the extent such information has been received from the Servicer pursuant to Section 4.9 hereof:

(i) the amount of such distribution allocable to principal of each Class of Notes;

(ii) the amount of such distribution allocable to interest on or with respect to each Class of Notes;

(iii) the required Reserve Account Withdrawal Amount or any excess released from the Reserve Account and included in Available Funds;

(iv) the Pool Balance as of the close of business on the last day of the preceding Collection Period;

(v) the aggregate outstanding principal amount of each Class of the Notes and the Note Pool Factor for each such Class after giving effect to payments allocated to principal reported under (i) above;

(vi) the amount of the Servicing Fee paid to the Servicer with respect to the related Collection Period and/or due but unpaid with respect to such Collection Period or prior Collection Periods, as the case may be;

(vii) the Noteholders’ Interest Carryover Amount and the Noteholders’ Principal Carryover Amount, if any, and the change in that amount from the preceding statement;

(viii) the amount of the aggregate Realized Losses, if any, for the second preceding Collection Period; and

(ix) the aggregate Purchase Amounts for Receivables, if any, that were repurchased by the Servicer or the Seller in such period.

(b) The Trust Collateral Agent will make available each month to each Noteholder the statements referred to in Section 5.9(a) above (and certain other documents, reports and information regarding the Receivables provided by the Servicer from time to time) via the Trust Collateral Agent’s internet website, with the use of a password provided by the Trust Collateral Agent. The Trust Collateral Agent’s internet website will be located at xxx.XXXXxxx.xxx or at such other address as the Trust Collateral Agent shall notify the Noteholders from time to time. For assistance with regard to this service, Noteholders can call the Trust Collateral Agent’s Corporate Trust Office at (000) 000-0000. The Trust Collateral Agent shall have the right to change the way the statements referred to in Section 5.9(a) above are distributed in order to make such distribution more convenient and/or more accessible to the parties entitled to receive such statements so long as such statements are only provided to the then current Noteholders. The Trust Collateral Agent shall provide notification of any such change to all parties entitled to receive such statements in the manner described in Section 12.3 hereof, Section 11.4 of the Indenture or Section 11.5 of the Indenture, as appropriate.

ARTICLE VI

[Reserved]

ARTICLE VII

The Seller

SECTION 7.1. Representations of Seller. The Seller makes the following representations on which the Issuer is deemed to have relied in acquiring the Receivables and on which the Trustee, Trust Collateral Agent and Backup Servicer may rely. The representations speak as of the execution and delivery of this Agreement and as of the Closing Date, and shall survive the sale of the Receivables to the Issuer and the pledge thereof to the Trust Collateral Agent pursuant to the Indenture.

(a) Schedule of Representations. The representations and warranties set forth on the Schedule of Representations attached hereto as Schedule B are true and correct.

(b) Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Nevada, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property transferred to the Trust.

(c) Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is in good standing and has obtained all necessary licenses and approvals in all jurisdictions where the failure to do so would materially and adversely affect Seller’s ability to transfer the Receivables and the Other Conveyed Property to the Trust pursuant to this Agreement, or the validity or enforceability of the Receivables and the Other Conveyed Property or to perform Seller’s obligations hereunder and under the Seller’s Basic Documents.

(d) Power and Authority. The Seller has the power and authority to execute and deliver this Agreement and its Basic Documents and to carry out its terms and their terms, respectively; the Seller has full power and authority to sell and assign the Receivables and the Other Conveyed Property to be sold and assigned to and deposited with the Trust by it and has duly authorized such sale and assignment to the Trust by all necessary corporate action; and the execution, delivery and performance of this Agreement and the Seller’s Basic Documents have been duly authorized by the Seller by all necessary corporate action.

(e) Valid Sale, Binding Obligations. This Agreement effects a valid sale, transfer and assignment of the Receivables and the Other Conveyed Property, enforceable against the Seller and creditors of and purchasers from the Seller; and this Agreement and the Seller’s Basic Documents, when duly executed and delivered, shall constitute legal, valid and binding obligations of the Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

(f) No Violation. The consummation of the transactions contemplated by this Agreement and the Basic Documents and the fulfillment of the terms of this Agreement and the Basic Documents shall not conflict with, result in any breach of any of the terms and provisions of or constitute (with or without notice, lapse of time or both) a default under the certificate of incorporation or by-laws of the Seller, or any indenture, agreement, mortgage, deed of trust or other instrument to which the Seller is a party or by which it is bound, or result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement, mortgage, deed of trust or other instrument, other than this Agreement, or violate any law, order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or any of its properties.

(g) No Proceedings. There are no proceedings or investigations pending or, to the Seller’s knowledge, threatened against the Seller, before any court, regulatory body, administrative agency or other tribunal or governmental instrumentality having jurisdiction over the Seller or its properties (A) asserting the invalidity of this Agreement or any of the Basic Documents, (B) seeking to prevent the issuance of the Notes or the consummation of any of the transactions contemplated by this Agreement or any of the Basic Documents, (C) seeking any determination or ruling that might materially and adversely affect the performance by the Seller of its obligations under, or the validity or enforceability of, this Agreement or any of the Basic Documents, or (D) seeking to adversely affect the federal income tax or other federal, state or local tax attributes of the Notes.

(h) No Consents. The Seller is not required to obtain the consent of any other party or any consent, license, approval or authorization, or registration or declaration with, any governmental authority, bureau or agency in connection with the execution, delivery, performance, validity or enforceability of this Agreement which has not already been obtained.

(i) True Sale. The Receivables are being transferred with the intention of removing them from the Seller’s estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time.

(j) Chief Executive Office. The chief executive office of the Seller is at 0000 X Xxxxxxxxxxx Xxxxx, Xxxxx 00, Xxx Xxxxx, Xxxxxx 00000.

(k) Investment Company Act. Neither the Seller nor the Issuer is an “investment company” or a company “controlled by an investment company” within the meaning of the Investment Company Act.

SECTION 7.2. Corporate Existence

(a) During the term of this Agreement, the Seller will keep in full force and effect its existence, rights and franchises as a corporation under the laws of the jurisdiction of its incorporation and will obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, the Basic Documents and each other instrument or agreement necessary or appropriate to the proper administration of this Agreement and the transactions contemplated hereby.

(b) During the term of this Agreement, the Seller shall observe the applicable legal requirements for the recognition of the Seller as a legal entity separate and apart from its Affiliates, including as follows:

(i) the Seller shall maintain corporate records and books of account separate from those of its Affiliates;

(ii) except as otherwise provided in this Agreement, the Seller shall not commingle its assets and funds with those of its Affiliates;

(iii) the Seller shall hold such appropriate meetings of its board of directors, or adopt resolutions pursuant to a unanimous written consent of the board of directors as are necessary to authorize all the Seller’s corporate actions required by law to be authorized by the board of directors, shall keep minutes of such meetings and of meetings of its stockholder(s) and observe all other customary corporate formalities (and any successor Seller not a corporation shall observe similar procedures in accordance with its governing documents and applicable law);

(iv) the Seller shall at all times hold itself out to the public under the Seller’s own name as a legal entity separate and distinct from its Affiliates;

(v) all transactions and dealings between the Seller and its Affiliates will be conducted on an arm’s-length basis; and

(vi) the Seller shall pay from its assets all obligations and indebtedness of any kind incurred by the Seller.

SECTION 7.3. Liability of Seller; Indemnities. The Seller shall be liable in accordance herewith only to the extent of the obligations specifically undertaken by the Seller under this Agreement.

(a) The Seller shall indemnify, defend and hold harmless the Owner Trustee, the Issuer, the Trustee, the Backup Servicer and the Trust Collateral Agent and its officers, directors, employees and agents from and against any taxes that may at any time be asserted against any such Person with respect to the transactions or activities contemplated in this Agreement and any of the Basic Documents (except any income taxes arising out of fees paid to the Owner Trustee, the Trust Collateral Agent and the Trustee and except any taxes to which the Owner Trustee, the Trust Collateral Agent or the Trustee may otherwise be subject to, without regard to the transactions contemplated hereby), including any sales, gross receipts, general corporation, tangible or intangible personal property, privilege or license taxes (but, in the case of the Issuer, not including any taxes asserted with respect to, federal or other income taxes arising out of distributions on the Notes) and costs and expenses in defending against the same.

(b) The Seller shall indemnify, defend and hold harmless the Issuer, the Owner Trustee, the Trustee, the Backup Servicer and the Trust Collateral Agent and the officers, directors, employees and agents thereof and the Noteholders from and against any loss, liability or expense incurred by reason of (i) the Seller’s willful misfeasance, bad faith or negligence in the performance of its duties under this Agreement, or by reason of reckless disregard of its obligations and duties under this Agreement and (ii) the Seller’s or the Issuer’s violation of federal or state securities laws in connection with the offering and sale of the Notes.

(c) The Seller shall indemnify, defend and hold harmless the Issuer, the Owner Trustee, Trustee, Trust Collateral Agent and Backup Servicer and the officers, directors, employees and agents thereof from and against any and all costs, expenses, losses, claims, damages and liabilities arising out of, or incurred in connection with the acceptance or performance of the trusts and duties set forth herein and in the Basic Documents except to the extent that such cost, expense, loss, claim, damage or liability shall be due to the willful

misfeasance, bad faith or negligence (except for errors in judgment) of the Owner Trustee, Trustee, Trust Collateral Agent and Backup Servicer, respectively.

Indemnification under this Section shall survive the resignation or removal of the Owner Trustee, the Trustee, the Backup Servicer or the Trust Collateral Agent and the termination of this Agreement or the Indenture or the Trust Agreement, as applicable, and shall include reasonable fees and expenses of counsel and other expenses of litigation. If the Seller shall have made any indemnity payments pursuant to this Section and the Person to or on behalf of whom such payments are made thereafter shall collect any of such amounts from others, such Person shall promptly repay such amounts to the Seller, without interest.

SECTION 7.4. Merger or Consolidation of, or Assumption of the Obligations of, Seller. Any Person (a) into which the Seller may be merged or consolidated, (b) which may result from any merger or consolidation to which the Seller shall be a party or (c) which may succeed to the properties and assets of the Seller substantially as a whole, which Person in any of the foregoing cases executes an agreement of assumption to perform every obligation of the Seller under this Agreement, shall be the successor to the Seller hereunder without the execution or filing of any document or any further act by any of the parties to this Agreement; provided, however, that (i) immediately after giving effect to such transaction, no representation or warranty made pursuant to Section 3.1 shall have been breached and no Servicer Termination Event, and no event which, after notice or lapse of time, or both, would become a Servicer Termination Event shall have happened and be continuing, (ii) the Seller shall have delivered to the Owner Trustee, the Trust Collateral Agent, the Backup Servicer and the Trustee an Officers’ Certificate and an Opinion of Counsel each stating that such consolidation, merger or succession and such agreement of assumption comply with this Section and that all conditions precedent, if any, provided for in this Agreement relating to such transaction have been complied with, (iii) the Rating Agency Condition shall have been satisfied with respect to such transaction and (iv) the Seller shall have delivered to the Owner Trustee, the Trust Collateral Agent, the Backup Servicer and the Trustee an Opinion of Counsel stating that, in the opinion of such counsel, either (A) all financing statements and continuation statements and amendments thereto have been executed and filed that are necessary fully to preserve and protect the interest of the Trust Collateral Agent, the Owner Trustee and the Trustee, respectively, in the Receivables and reciting the details of such filings or (B) no such action shall be necessary to preserve and protect such interest. Notwithstanding anything herein to the contrary, the execution of the foregoing agreement of assumption and compliance with clauses (i), (ii), (iii) and (iv) above shall be conditions to the consummation of the transactions referred to in clauses (a), (b) or (c) above.

SECTION 7.5. Limitation on Liability of Seller and Others. The Seller and any director or officer or employee or agent of the Seller may rely in good faith on the advice of counsel or on any document of any kind, prima facie properly executed and submitted by any Person respecting any matters arising under any Basic Document. The Seller shall not be under any obligation to appear in, prosecute or defend any legal action that shall not be incidental to its obligations under this Agreement, and that in its opinion may involve it in any expense or liability.

SECTION 7.6. 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.

ARTICLE VIII

The Servicer and the Backup Servicer

SECTION 8.1. Representations of Servicer. The Servicer makes the following representations on which the Issuer is deemed to have relied in acquiring the Receivables. The representations speak as of the execution and delivery of this Agreement and as of the Closing Date, and shall survive the sale of the Receivables to the Issuer and the pledge thereof to the Trust Collateral Agent pursuant to the Indenture.

(a) Representations and Warranties. The representations and warranties set forth on the Schedule of Representations attached hereto as Schedule B are true and correct; provided that such representations and warranties contained therein and herein shall not apply to any entity other than AmeriCredit;

(b) Organization and Good Standing. The Servicer has been duly organized and is validly existing and in good standing under the laws of its jurisdiction of organization, with power, authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to enter into and perform its obligations under this Agreement;

(c) Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, is in good standing and has obtained all necessary licenses and approvals, in all jurisdictions in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;

(d) Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and its Basic Documents and to carry out its terms and their terms, respectively, and the execution, delivery and performance of this Agreement and the Servicer’s Basic Documents have been duly authorized by the Servicer by all necessary corporate action;

(e) Binding Obligation. This Agreement and the Servicer’s Basic Documents shall constitute legal, valid and binding obligations of the Servicer enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, or other similar laws affecting the enforcement of creditors’ rights generally and

by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law;

(f) No Violation. The consummation of the transactions contemplated by this Agreement and the Servicer’s Basic Documents, and the fulfillment of the terms of this Agreement and the Servicer’s Basic Documents, shall not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a default under, the articles of incorporation or bylaws of the Servicer, or any indenture, agreement, mortgage, deed of trust or other instrument to which the Servicer is a party or by which it is bound, or result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement, mortgage, deed of trust or other instrument, other than this Agreement, or violate any law, order, rule or regulation applicable to the Servicer of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Servicer or any of its properties;

(g) No Proceedings. There are no proceedings or investigations pending or, to the Servicer’s knowledge, threatened against the Servicer, before any court, regulatory body, administrative agency or other tribunal or governmental instrumentality having jurisdiction over the Servicer or its properties (A) asserting the invalidity of this Agreement or any of the Basic Documents, (B) seeking to prevent the issuance of the Notes or the consummation of any of the transactions contemplated by this Agreement or any of the Basic Documents, (C) seeking any determination or ruling that might materially and adversely affect the performance by the Servicer of its obligations under, or the validity or enforceability of, this Agreement or any of the Basic Documents or (D) seeking to adversely affect the federal income tax or other federal, state or local tax attributes of the Notes;

(h) No Consents. The Servicer is not required to obtain the consent of any other party or any consent, license, approval or authorization, or registration or declaration with, any governmental authority, bureau or agency in connection with the execution, delivery, performance, validity or enforceability of this Agreement which has not already been obtained.

SECTION 8.2. Representations of Backup Servicer. The Backup Servicer makes the following representations on which the Issuer is deemed to have relied in acquiring the Receivables. The representations speak as of the execution and delivery of this Agreement and as of the Closing Date, and shall survive the sale of the Receivables to the Issuer and the pledge thereof to the Trust Collateral Agent pursuant to the Indenture.

(a) Organization and Good Standing. The Backup Servicer has been duly organized and is validly existing and in good standing under the laws of its jurisdiction of organization, with power, authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to enter into and perform its obligations under this Agreement;

(b) Due Qualification. The Backup Servicer is duly qualified to do business as a foreign corporation, is in good standing and has obtained all necessary licenses and approvals, in all jurisdictions in which the ownership or lease of property or the conduct of its business

(including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;

(c) Power and Authority. The Backup Servicer has the power and authority to execute and deliver this Agreement and the other Basic Documents to which the Backup Servicer is a party and to carry out its terms and their terms, respectively, and the execution, delivery and performance of this Agreement and the other Basic Documents to which the Backup Servicer is a party have been duly authorized by the Backup Servicer by all necessary corporate action;

(d) Binding Obligation. This Agreement and the other Basic Documents to which the Backup Servicer is a party shall constitute the legal, valid and binding obligations of the Backup Servicer enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, or other similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law;

(e) No Violation. The consummation of the transactions contemplated by this Agreement and the other Basic Documents to which the Backup Servicer is a party, and the fulfillment of the terms of this Agreement and the other Basic Documents to which the Backup Servicer is a party, shall not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a default under, the articles of incorporation or bylaws of the Backup Servicer, or any indenture, agreement, mortgage, deed of trust or other instrument to which the Backup Servicer is a party or by which it is bound, or result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement, mortgage, deed of trust or other instrument, other than this Agreement, or violate any law, order, rule or regulation applicable to the Backup Servicer of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Backup Servicer or any of its properties;

(f) No Proceedings. There are no proceedings or investigations pending or, to the Backup Servicer’s knowledge, threatened against the Backup Servicer, before any court, regulatory body, administrative agency or other tribunal or governmental instrumentality having jurisdiction over the Backup Servicer or its properties (A) asserting the invalidity of this Agreement or any of the Basic Documents to which the Backup Servicer is a party, (B) seeking to prevent the issuance of the Notes or the consummation of any of the transactions contemplated by this Agreement or any of the Basic Documents to which the Backup Servicer is a party, (C) seeking any determination or ruling that might materially and adversely affect the performance by the Backup Servicer of its obligations under, or the validity or enforceability of, this Agreement or any of the Basic Documents to which the Backup Servicer is a party or (D) seeking to adversely affect the federal income tax or other federal, state or local tax attributes of the Notes;

(g) No Consents. The Backup Servicer is not required to obtain the consent of any other party or any consent, license, approval or authorization, or registration or declaration with, any governmental authority, bureau or agency in connection with the execution, delivery, performance, validity or enforceability of this Agreement which has not already been obtained.

SECTION 8.3. Liability of Servicer and Backup Servicer; Indemnities.

(a) The Servicer (in its capacity as such) shall be liable hereunder only to the extent of the obligations in this Agreement specifically undertaken by the Servicer and the representations made by the Servicer.

(b) The Servicer shall defend, indemnify and hold harmless the Trust, the Trustee, the Trust Collateral Agent, the Owner Trustee, the Backup Servicer, their respective officers, directors, agents and employees, and the Noteholders from and against any and all costs, expenses, losses, damages, claims and liabilities, including reasonable fees and expenses of counsel and expenses of litigation arising out of or resulting from the use, ownership or operation by the Servicer or any Affiliate thereof of any Financed Vehicle.

(c) The Servicer (when the Servicer is AmeriCredit) shall indemnify, defend and hold harmless the Trust, the Trustee, the Trust Collateral Agent, the Owner Trustee, the Backup Servicer, their respective officers, directors, agents and employees and the Noteholders from and against any taxes that may at any time be asserted against any of such parties with respect to the transactions or activities contemplated in this Agreement, including, without limitation, any sales, gross receipts, general corporation, tangible or intangible personal property, privilege or license taxes (but not including any federal or other income taxes, including franchise taxes asserted with respect to, and as of the date of, the sale of the Receivables and the Other Conveyed Property to the Trust or the issuance and original sale of the Notes) and costs and expenses in defending against the same.

(d) The Servicer (when the Servicer is not AmeriCredit) shall indemnify, defend and hold harmless the Trust, the Trustee, the Trust Collateral Agent, the Owner Trustee, the Backup Servicer, the Collateral Agent, their respective officers, directors, agents and employees and the Noteholders from and against any taxes with respect to the sale of Receivables in connection with servicing hereunder that may at any time be asserted against any of such parties with respect to the transactions or activities contemplated in this Agreement, including, without limitation, any sales, gross receipts, general corporation, tangible or intangible personal property, privilege or license taxes (but not including any federal or other income taxes, including franchise taxes asserted with respect to, and as of the date of, the sale of the Receivables and the Other Conveyed Property to the Trust or the issuance and original sale of the Notes) and costs and expenses in defending against the same.

(e) The Servicer shall indemnify, defend and hold harmless the Trust, the Trustee, the Trust Collateral Agent, the Owner Trustee, the Backup Servicer, their respective officers, directors, agents and employees and the Noteholders from and against any and all costs, expenses, losses, claims, damages, and liabilities, including reasonable fees and expenses of counsel and expenses of litigation, to the extent that such cost, expense, loss, claim, damage, or liability arose out of, or was imposed upon the Trust, the Trustee, the Owner Trustee, the Trust Collateral Agent, the Backup Servicer or the Noteholders by reason of the breach of this Agreement by the Servicer, the negligence, misfeasance, or bad faith of the Servicer in the performance of its duties under this Agreement or by reason of reckless disregard of its obligations and duties under this Agreement.

(f) AmeriCredit shall indemnify, defend and hold harmless the Trust, the Trustee, the Trust Collateral Agent, the Owner Trustee, the Backup Servicer, their respective officers, directors, agents and employees and the Noteholders from and against any loss, liability or expense incurred by reason of the violation by Servicer or Seller of federal or state securities laws in connection with the registration or the sale of the Notes. This section shall survive the termination of this Agreement, or the earlier removal or resignation of the Trustee, the Trust Collateral Agent or the Backup Servicer.

(g) The Backup Servicer shall defend, indemnify and hold harmless the Trust, the Trustee, the Trust Collateral Agent, the Owner Trustee, the Servicer, their respective officers, directors, agents and employees and the Noteholders from and against: (i) all costs, expenses, losses, damages, claims and liabilities, including reasonable fees and expenses of counsel and expenses of litigation arising out of or resulting from the use, ownership or operation by the Backup Servicer or any Affiliate thereof of any Financed Vehicle; and (ii) any and all costs, expenses, losses, claims, damages, and liabilities to the extent that such cost, expense, loss, claim, damage, or liability arose out of, or was imposed upon the Trust, the Owner Trustee, the Trustee, the Servicer or the Noteholders by reason of, the breach of this Agreement by the Backup Servicer, the violation of federal or state securities laws by the Backup Servicer, the negligence, misfeasance, or bad faith of the Backup Servicer in the performance of its duties under this Agreement or by reason of reckless disregard of its obligations and duties under this Agreement.

(h) AmeriCredit shall indemnify the Trustee, the Owner Trustee, the Trust Collateral Agent, the Backup Servicer, and the respective officers, directors, agents and employees thereof against any and all loss, liability or expense, (other than overhead and expenses incurred in the normal course of business) incurred by each of them in connection with the acceptance or administration of the Trust and the performance of their duties under the Basic Documents other than if such loss, liability or expense was incurred by the Trustee, the Owner Trustee or the Trust Collateral Agent as a result of any such entity’s willful misconduct, bad faith or negligence.

(i) Indemnification under this Article shall include, without limitation, reasonable fees and expenses of counsel and expenses of litigation. If the Servicer has made any indemnity payments pursuant to this Article and the recipient thereafter collects any of such amounts from others, the recipient shall promptly repay such amounts collected to the Servicer, without interest. Notwithstanding anything contained herein to the contrary, any indemnification payable by the Servicer to the Backup Servicer, to the extent not paid by the Servicer, shall be paid solely from Section 5.7(a) of this Agreement.

(j) When the Trustee, the Trust Collateral Agent or the Backup Servicer incurs expenses after the occurrence of a Servicer Termination Event specified in Section 9.1(d) or (e) with respect to the Servicer, the expenses are intended to constitute expenses of administration under Title 11 of the United States Code or any other applicable federal or state bankruptcy, insolvency or similar law.

SECTION 8.4. Merger or Consolidation of, or Assumption of the Obligations of the Servicer or Backup Servicer.

(a) AmeriCredit shall not merge or consolidate with any other Person, convey, transfer or lease substantially all its assets as an entirety to another Person, or permit any other Person to become the successor to AmeriCredit’s business unless, after the merger, consolidation, conveyance, transfer, lease or succession, the successor or surviving entity shall be capable of fulfilling the duties of AmeriCredit contained in this Agreement and shall be acceptable to the Majority Noteholders, and shall be an eligible servicer. Any corporation (i) into which AmeriCredit may be merged or consolidated, (ii) resulting from any merger or consolidation to which AmeriCredit shall be a party, (iii) which acquires by conveyance, transfer, or lease substantially all of the assets of AmeriCredit, or (iv) succeeding to the business of AmeriCredit, in any of the foregoing cases shall execute an agreement of assumption to perform every obligation of AmeriCredit under this Agreement and, whether or not such assumption agreement is executed, shall be the successor to AmeriCredit under this Agreement without the execution or filing of any paper or any further act on the part of any of the parties to this Agreement, anything in this Agreement to the contrary notwithstanding; provided, however, that nothing contained herein shall be deemed to release AmeriCredit from any obligation. AmeriCredit shall provide notice of any merger, consolidation or succession pursuant to this Section to the Owner Trustee, the Trust Collateral Agent, the Noteholders and each Rating Agency. Notwithstanding the foregoing, AmeriCredit shall not merge or consolidate with any other Person or permit any other Person to become a successor to AmeriCredit’s business, unless (x) immediately after giving effect to such transaction, no representation or warranty made pursuant to Section 4.6 shall have been breached (for purposes hereof, such representations and warranties shall speak as of the date of the consummation of such transaction), (y) AmeriCredit shall have delivered to the Owner Trustee, the Trust Collateral Agent, the Trustee, the Backup Servicer and the Rating Agencies an Officer’s Certificate and an Opinion of Counsel each stating that such consolidation, merger or succession and such agreement of assumption comply with this Section and that all conditions precedent, if any, provided for in this Agreement relating to such transaction have been complied with, and (z) AmeriCredit shall have delivered to the Owner Trustee, the Trust Collateral Agent, the Trustee, the Backup Servicer and the Rating Agencies an Opinion of Counsel, stating in the opinion of such counsel, either (A) all financing statements and continuation statements and amendments thereto have been executed and filed that are necessary to preserve and protect the interest of the Trust in the Receivables and the Other Conveyed Property and reciting the details of the filings or (B) no such action shall be necessary to preserve and protect such interest.

(b) Any corporation (i) into which the Backup Servicer may be merged or consolidated, (ii) resulting from any merger or consolidation to which the Backup Servicer shall be a party, (iii) which acquires by conveyance, transfer or lease substantially all of the assets of the Backup Servicer, or (iv) succeeding to the business of the Backup Servicer, in any of the foregoing cases shall execute an agreement of assumption to perform every obligation of the Backup Servicer under this Agreement and, whether or not such assumption agreement is executed, shall be the successor to the Backup Servicer under this Agreement without the execution or filing of any paper or any further act on the part of any of the parties to this Agreement, anything in this Agreement to the contrary notwithstanding; provided, however, that nothing contained herein shall be deemed to release the Backup Servicer from any obligation.

SECTION 8.5. Limitation on Liability of Servicer, Backup Servicer and Others.

(a) Neither AmeriCredit, the Backup Servicer nor any of the directors or officers or employees or agents of AmeriCredit or Backup Servicer shall be under any liability to the Trust or the Noteholders, except as provided in this Agreement, for any action taken or for refraining from the taking of any action pursuant to this Agreement; provided, however, that this provision shall not protect AmeriCredit, the Backup Servicer or any such person against any liability that would otherwise be imposed by reason of a breach of this Agreement or willful misfeasance, bad faith or negligence (excluding errors in judgment) in the performance of duties; provided, further, that this provision shall not affect any liability to indemnify the Trust Collateral Agent and the Owner Trustee for costs, taxes, expenses, claims, liabilities, losses or damages paid by the Trust Collateral Agent and the Owner Trustee, in their individual capacities. AmeriCredit, the Backup Servicer and any director, officer, employee or agent of AmeriCredit or Backup Servicer may rely in good faith on the written advice of counsel or on any document of any kind prima facie properly executed and submitted by any Person respecting any matters arising under this Agreement.

(b) The Backup Servicer shall not be liable for any obligation of the Servicer contained in this Agreement or for any errors of the Servicer contained in any computer tape, certificate or other data or document delivered to the Backup Servicer hereunder or on which the Backup Servicer must rely in order to perform its obligations hereunder, and the Owner Trustee, the Trustee, the Trust Collateral Agent, the Backup Servicer, the Seller and the Noteholders shall look only to the Servicer to perform such obligations. The Backup Servicer, the Trust Collateral Agent, the Trustee, the Owner Trustee and the Custodian shall have no responsibility and shall not be in default hereunder or incur any liability for any failure, error, malfunction or any delay in carrying out any of their respective duties under this Agreement if such failure or delay results from the Backup Servicer acting in accordance with information prepared or supplied by a Person other than the Backup Servicer (or contractual agents) or the failure of any such other Person to prepare or provide such information. The Backup Servicer shall have no responsibility, shall not be in default and shall incur no liability for (i) any act or failure to act of any third party (other than its contractual agents), including the Servicer or the Majority Noteholders, (ii) any inaccuracy or omission in a notice or communication received by the Backup Servicer from any third party (other than its contractual agents), (iii) the invalidity or unenforceability of any Receivable under applicable law, (iv) the breach or inaccuracy of any representation or warranty made with respect to any Receivable, or (v) the acts or omissions of any successor Backup Servicer.

(c) The parties expressly acknowledge and consent to Xxxxx Fargo Bank, National Association, acting in the possible dual capacity of Backup Servicer or successor Servicer and in the capacity as Trust Collateral Agent. Xxxxx Fargo Bank, National Association, may, in such dual or other capacity, discharge its separate functions fully, without hindrance or regard to conflict of interest principles, duty of loyalty principles or other breach of fiduciary duties to the extent that any such conflict or breach arises from the performance by Xxxxx Fargo Bank, National Association, of express duties set forth in this Agreement in any of such capacities, all of which defenses, claims or assertions are hereby expressly waived by the other parties hereto and the Noteholders except in the case of gross negligence and willful misconduct by Xxxxx Fargo Bank, National Association.

SECTION 8.6. Delegation of Duties. The Servicer may delegate duties under this Agreement to an Affiliate of AmeriCredit without first obtaining the consent of any Person. The Servicer also may at any time perform through sub-contractors the specific duties of (i) repossession of Financed Vehicles, (ii) tracking Financed Vehicles’ insurance and (iii) pursuing the collection of deficiency balances on certain Liquidated Receivables, in each case, without the consent of the Trust Collateral Agent, the Owner Trustee or the Backup Servicer and may perform other specific duties through such sub-contractors in accordance with Servicer’s customary servicing policies and procedures, with the prior consent of the Trust Collateral Agent. No delegation or sub-contracting by the Servicer of its duties herein in the manner described in this Section 8.6 shall relieve the Servicer of its responsibility with respect to such duties.

SECTION 8.7. Servicer and Backup Servicer Not to Resign. Subject to the provisions of Section 8.4, neither the Servicer nor the Backup Servicer shall resign from the obligations and duties imposed on it by this Agreement as Servicer or Backup Servicer except upon a determination that by reason of a change in legal requirements the performance of its duties under this Agreement would cause it to be in violation of such legal requirements in a manner which would have a material adverse effect on the Servicer or the Backup Servicer, as the case may be, if the Majority Noteholders do not elect to waive the obligations of the Servicer or the Backup Servicer, as the case may be, to perform the duties which render it legally unable to act or to delegate those duties to another Person. Any such determination permitting the resignation of the Servicer or Backup Servicer shall be evidenced by an Opinion of Counsel to such effect delivered and acceptable to the Trust Collateral Agent and the Owner Trustee. No resignation of the Servicer shall become effective until the Backup Servicer or an entity acceptable to the Majority Noteholders shall have assumed the responsibilities and obligations of the Servicer. No resignation of the Backup Servicer shall become effective until an entity acceptable to the Majority Noteholders shall have assumed the responsibilities and obligations of the Backup Servicer; provided, however, that (i) in the event a successor Backup Servicer is not appointed within 60 days after the Backup Servicer has given notice of its resignation and has provided the Opinion of Counsel required by this Section, the Backup Servicer may petition a court for its removal, (ii) the Backup Servicer may resign with the written consent of the Majority Noteholders and (iii) if Xxxxx Fargo Bank, National Association resigns as Trustee under the Indenture, it will no longer be the Backup Servicer.

ARTICLE IX

Default

SECTION 9.1. Servicer Termination Event. For purposes of this Agreement, each of the following shall constitute a “Servicer Termination Event”:

(a) Any failure by the Servicer to deliver to the Trust Collateral Agent for distribution to Noteholders any proceeds or payment required to be so delivered under the terms of this Agreement that continues unremedied for a period of two Business Days (one Business Day with respect to payment of Purchase Amounts) after written notice is received by the Servicer from the Trust Collateral Agent or after discovery of such failure by a Responsible Officer of the Servicer; or

(b) Failure by the Servicer to deliver to the Trust Collateral Agent the Servicer’s Certificate by the first Business Day prior to the Distribution Date, or failure on the part of the Servicer to observe its covenants and agreements set forth in Section 8.4(a); or

(c) Failure on the part of the Servicer duly to observe or perform any other covenants or agreements of the Servicer set forth in this Agreement, which failure (i) materially and adversely affects the rights of Noteholders, and (ii) continues unremedied for a period of 30 days after knowledge thereof by the Servicer or after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to the Servicer by the Trust Collateral Agent; or

(d) The entry of a decree or order for relief by a court or regulatory authority having jurisdiction in respect of the Servicer in an involuntary case under the federal bankruptcy laws, as now or hereafter in effect, or another present or future, federal bankruptcy, insolvency or similar law, or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Servicer, or of any substantial part of its property or ordering the winding up or liquidation of the affairs of the Servicer and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days or the commencement of an involuntary case under the federal bankruptcy laws, as now or hereinafter in effect, or another present or future federal or state bankruptcy, insolvency or similar law and such case is not dismissed within 60 days; or

(e) The commencement by the Servicer of a voluntary case under the federal bankruptcy laws, as now or hereafter in effect, or any other present or future, federal or state, bankruptcy, insolvency or similar law, or the consent by the Servicer to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Servicer or of any substantial part of its property or the making by the Servicer of an assignment for the benefit of creditors or the failure by the Servicer generally to pay its debts as such debts become due or the taking of corporate action by the Servicer in furtherance of any of the foregoing; or

(f) Any representation, warranty or statement of the Servicer made in this Agreement or any certificate, report or other writing delivered pursuant hereto shall prove to be incorrect in any material respect as of the time when the same shall have been made, and the incorrectness of such representation, warranty or statement has a material adverse effect on the Trust or the Noteholders and, within 30 days after knowledge thereof by the Servicer or after written notice thereof shall have been given to the Servicer by the Trust Collateral Agent, the circumstances or condition in respect of which such representation, warranty or statement was incorrect shall not have been eliminated or otherwise cured.

SECTION 9.2. Consequences of a Servicer Termination Event. If a Servicer Termination Event shall occur and be continuing, the Trust Collateral Agent or the Majority Noteholders, by notice given in writing to the Servicer (and to the Trust Collateral Agent if given by the Noteholders) may terminate all of the rights and obligations of the Servicer under this Agreement. On or after the receipt by the Servicer of such written notice or upon termination of the term of the Servicer, all authority, power, obligations and responsibilities of the Servicer under this Agreement, whether with respect to the Notes, the Certificates or the Other Conveyed

Property or otherwise, automatically shall pass to, be vested in and become obligations and responsibilities of the Backup Servicer (or such other successor Servicer appointed by the Majority Noteholders); provided, however, that the successor Servicer shall have no liability with respect to any obligation which was required to be performed by the terminated Servicer prior to the date that the successor Servicer becomes the Servicer or any claim of a third party based on any alleged action or inaction of the terminated Servicer. The successor Servicer is authorized and empowered by this Agreement to execute and deliver, on behalf of the terminated Servicer, as attorney-in-fact or otherwise, any and all documents and other instruments and to do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement of the Receivables and the Other Conveyed Property and related documents to show the Trust as lienholder or secured party on the related Lien Certificates, or otherwise. The terminated Servicer agrees to cooperate with the successor Servicer in effecting the termination of the responsibilities and rights of the terminated Servicer under this Agreement, including, without limitation, the transfer to the successor Servicer for administration by it of all cash amounts that shall at the time be held by the terminated Servicer for deposit, or have been deposited by the terminated Servicer, in the Collection Account or thereafter received with respect to the Receivables and the delivery to the successor Servicer of all Receivable Files, Monthly Records and Collection Records and a computer tape in readable form as of the most recent Business Day containing all information necessary to enable the successor Servicer to service the Receivables and the Other Conveyed Property. If requested by the Controlling Party (acting at the written direction of the Majority Noteholders), the successor Servicer shall terminate the Lockbox Agreements and direct the Obligors to make all payments under the Receivables directly to the successor Servicer (in which event the successor Servicer shall process such payments in accordance with Section 4.2(e)), or to a lockbox established by the successor Servicer at the direction of the Majority Noteholders, at the successor Servicer’s expense. The terminated Servicer shall grant the Trust Collateral Agent, the successor Servicer and the Majority Noteholders reasonable access to the terminated Servicer’s premises at the terminated Servicer’s expense.

SECTION 9.3. Appointment of Successor.

(a) On and after the time the Servicer receives a notice of termination pursuant to Section 9.2 or upon the resignation of the Servicer pursuant to Section 8.7, (i) the Backup Servicer (unless the Majority Noteholders shall have exercised its option pursuant to Section 9.3(b) to appoint an alternate successor Servicer) shall be the successor in all respects to the Servicer in its capacity as servicer under this Agreement and the transactions set forth or provided for in this Agreement, and shall be subject to all the rights, responsibilities, restrictions, duties, liabilities and termination provisions relating thereto placed on the Servicer by the terms and provisions of this Agreement except as otherwise stated herein. The Trust Collateral Agent and such successor shall take such action, consistent with this Agreement, as shall be necessary to effectuate any such succession. If a successor Servicer is acting as Servicer hereunder, it shall be subject to termination under Section 9.2 upon the occurrence of any Servicer Termination Event applicable to it as Servicer.

(b) The Controlling Party (acting at the written direction of the Majority Noteholders) may exercise at any time its right to appoint as Backup Servicer or as successor to the Servicer a Person other than the Person serving as Backup Servicer at the time, and shall have no liability to

the Trust Collateral Agent, AmeriCredit, the Seller, the Person then serving as Backup Servicer, any Noteholders or any other Person if it does so. Notwithstanding the above, if the Backup Servicer shall be legally unable or unwilling to act as Servicer, the Backup Servicer, the Trust Collateral Agent or the Majority Noteholders may petition a court of competent jurisdiction to appoint any eligible servicer as the successor to the Servicer. Pending appointment pursuant to the preceding sentence, the Backup Servicer shall act as successor Servicer unless it is legally unable to do so, in which event the outgoing Servicer shall continue to act as Servicer until a successor has been appointed and accepted such appointment. Subject to Section 8.7, no provision of this Agreement shall be construed as relieving the Backup Servicer of its obligation to succeed as successor Servicer upon the termination of the Servicer pursuant to Section 9.2 or the resignation of the Servicer pursuant to Section 8.7. If upon the termination of the Servicer pursuant to Section 9.2 or the resignation of the Servicer pursuant to Section 8.7, the Majority Noteholders appoint a successor Servicer other than the Backup Servicer, the Backup Servicer shall not be relieved of its duties as Backup Servicer hereunder. In the event any successor Servicer is terminated pursuant to Section 9.2 hereof, the Controlling Party (acting at the written direction of the Majority Noteholders) shall appoint an eligible servicer as successor Servicer or may petition a court of competent jurisdiction to appoint a Person that it determines is competent to perform the duties of the Servicer hereunder as successor Servicer. Pending appointment pursuant to the preceding sentence, the outgoing Servicer shall continue to act as Servicer until a successor has been appointed and accepted such appointment.

(c) Any successor Servicer shall be entitled to such compensation (whether payable out of the Collection Account or otherwise) as the Servicer would have been entitled to under this Agreement if the Servicer had not resigned or been terminated hereunder or such other compensation as set forth herein. If any successor Servicer is appointed, as a result of the Backup Servicer’s refusal (in breach of the terms of this Agreement) to act as Servicer although it is legally able to do so, the Seller and such successor Servicer may agree on reasonable additional compensation to be paid to such successor Servicer, provided, however, it being understood and agreed that the Seller shall give prior notice to the Backup Servicer with respect to the appointment of such successor and the payment of additional compensation, if any. If any successor Servicer is appointed for any reason other than the Backup Servicer’s refusal to act as Servicer although legally able to do so, the Majority Noteholders and such successor Servicer may agree on additional compensation to be paid to such successor Servicer, which additional compensation shall in no event exceed $150,000 in the aggregate. The Backup Servicer shall be liable for any Servicing Fee, additional compensation or other amounts to be paid to such successor Servicer in connection with its assumption and performance of the servicing duties described herein if, and only if, such successor Servicer is appointed due to the Backup Servicer’s refusal to act as Servicer although legally able to do so, which additional compensation and other amounts shall in no event exceed $150,000 in the aggregate.

(d) Notwithstanding anything contained in this Agreement to the contrary, the Backup Servicer is authorized to accept and rely on all of the accounting records (including computer records) and work of the prior Servicer relating to the Receivables (collectively, the “Predecessor Servicer Work Product”) without any audit or other examination thereof, and the Backup Servicer shall have no duty, responsibility, obligation or liability for the acts and omissions of the prior Servicer. If any error, inaccuracy, omission or incorrect or non-standard practice or procedure (collectively, “Errors”) exist in any Predecessor Servicer Work Product and such Errors make it

materially more difficult to service or should cause or materially contribute to the Backup Servicer making or continuing any Errors (collectively, “Continuing Errors”), the Backup Servicer shall have no duty, responsibility, obligation or liability for such Continuing Errors; provided, however, that the Backup Servicer agrees to use its best efforts to prevent further Continuing Errors. In the event that the Backup Servicer becomes aware of Errors or Continuing Errors, it shall, with the prior consent of the Controlling Party use its best efforts to reconstruct and reconcile such data as is commercially reasonable to correct such Errors and Continuing Errors and to prevent future Continuing Errors. The Backup Servicer shall be entitled to recover its costs thereby expended in accordance with Section 5.7(a) of this Agreement.

SECTION 9.4. Notification to Noteholders. Upon any termination of, or appointment of a successor to, the Servicer or the Backup Servicer, the Trust Collateral Agent shall give prompt written notice thereof to each Noteholder and to the Seller (who shall promptly deliver such notice to the Rating Agencies).

SECTION 9.5. Waiver of Past Defaults. The Majority Noteholders may, on behalf of all Noteholders, waive any default by the Servicer in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Servicer Termination Event arising therefrom shall be deemed to have been remedied for every purpose of this Agreement and the Basic Documents. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto.

SECTION 9.6. Backup Servicer Termination. Prior to an appointment as successor Servicer, the Controlling Party may, in its discretion, or shall, at the direction of the Majority Noteholders, (a) immediately terminate all of the rights and obligations of the Backup Servicer under this Agreement in the event of a breach of any of the representations or warranties, covenants or obligations of the Backup Servicer contained in this Agreement or (b) in its sole discretion, without cause upon not less than 30 days’ notice, terminate the rights and obligations of the Backup Servicer. The terminated Backup Servicer agrees to cooperate with any successor Backup Servicer appointed by the Controlling Party in effecting the termination of the responsibilities and rights of the terminated Backup Servicer under this Agreement, including, without limitation, the delivery to the successor Backup Servicer of all documents, records and electronic information related to the Receivables in the possession of the Backup Servicer. Expenses incurred by the Backup Servicer in respect of the foregoing sentence shall be reimbursed in accordance with Section 5.7(a).

ARTICLE X

Termination

SECTION 10.1. Optional Purchase of All Receivables.

(a) Subject to Section 10.1(a) of the Indenture, on the last day of any Collection Period as of which the Pool Balance shall be less than or equal to 10% of the Original Pool Balance, the Servicer and the Seller each shall have the option to purchase the Owner Trust

Estate, other than the Trust Accounts; provided, however, that the amount to be paid for such purchase (as set forth in the following sentence) shall be sufficient to pay the full amount of principal, and interest then due and payable on the Notes. To exercise such option, the Servicer or the Seller, as the case may be, shall deposit pursuant to Section 5.6 in the Collection Account an amount equal to the greater of (i) the amount necessary to pay the full amount of principal and interest then due and payable on the Notes and (ii) the aggregate Purchase Amount for the Receivables (including Liquidated Receivables), plus the appraised value of any other property held by the Trust, (such value to be determined by the Servicer, or if the Trust Collateral Agent has received written notice that there is a material error in the Servicer’s calculation, by an appraiser mutually agreed upon by the Servicer and the Trust Collateral Agent, and shall succeed to all interests in and to the Trust.

(b) Upon any sale of the assets of the Trust pursuant to Section 8.1 of the Trust Agreement, the Servicer shall instruct the Trust Collateral Agent to deposit the proceeds from such sale after all payments and reserves therefrom (including the expenses of such sale) have been made (the “Insolvency Proceeds”) in the Collection Account.

(c) Notice of any termination of the Trust shall be given by the Servicer to the Owner Trustee, the Trustee, the Backup Servicer, the Trust Collateral Agent and the Rating Agencies as soon as practicable after the Servicer has received notice thereof.

(d) Following the satisfaction and discharge of the Indenture and the payment in full of the principal of and interest on the Notes, the Certificateholders will succeed to the rights of the Noteholders hereunder and the Owner Trustee will succeed to the rights of, and assume the obligations of, the Trust Collateral Agent pursuant to this Agreement.

ARTICLE XI

Administrative Duties of the Servicer

SECTION 11.1. Administrative Duties.

(a) Duties with Respect to the Indenture. The Servicer shall perform all its duties and the duties of the Issuer under the Indenture. In addition, the Servicer shall consult with the Owner Trustee as the Servicer deems appropriate regarding the duties of the Issuer under the Indenture. The Servicer shall monitor the performance of the Issuer and shall advise the Owner Trustee when action is necessary to comply with the Issuer’s duties under the Indenture. The Servicer shall prepare for execution by the Issuer or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates and opinions as it shall be the duty of the Issuer to prepare, file or deliver pursuant to the Indenture. In furtherance of the foregoing, the Servicer shall take all necessary action that is the duty of the Issuer to take pursuant to the Indenture, including, without limitation, pursuant to Sections 2.7, 3.5, 3.6, 3.7, 3.9, 3.10, 3.17, 5.1, 5.4, 6.9, 7.3, 8.3, 9.2, 9.3, 11.1 and 11.15 of the Indenture.

(b) Duties with Respect to the Issuer.

(i) In addition to the duties of the Servicer set forth in this Agreement or any of the Basic Documents, the Servicer shall perform such calculations and shall prepare

for execution by the Issuer or the Owner Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates and opinions as it shall be the duty of the Issuer or the Owner Trustee to prepare, file or deliver pursuant to this Agreement or any of the Basic Documents or under state and federal tax and securities laws (including any filings required pursuant to the Xxxxxxxx-Xxxxx Act of 2002 or any rule or regulation promulgated thereunder), and at the request of the Owner Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to this Agreement or any of the Basic Documents, including, without limitation, pursuant to Sections 2.6 and 2.11 of the Trust Agreement. In accordance with the directions of the Issuer or the Owner Trustee, the Servicer shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Issuer or the Owner Trustee and are reasonably within the capability of the Servicer. The Servicer shall monitor the activities of the Issuer to ensure the Issuer’s compliance with Section 4.6 of the Trust Agreement and shall take all action necessary to ensure that the Issuer is operated in accordance with the provisions of such section.

(ii) Notwithstanding anything in this Agreement or any of the Basic Documents to the contrary, the Servicer shall be responsible for promptly notifying the Owner Trustee and the Trust Collateral Agent in the event that any withholding tax is imposed on the Issuer’s payments (or allocations of income) to an Owner (as defined in the Trust Agreement) as contemplated by this Agreement. Any such notice shall be in writing and specify the amount of any withholding tax required to be withheld by the Owner Trustee or the Trust Collateral Agent pursuant to such provision.

(iii) Notwithstanding anything in this Agreement or the Basic Documents to the contrary, the Servicer shall be responsible for performance of the duties of the Issuer set forth in Sections 5.1(a) and (b) of the Trust Agreement with respect to, among other things, accounting and reports to Owners (as defined in the Trust Agreement); provided, however, that once prepared by the Servicer, the Owner Trustee shall retain responsibility for the distribution of any necessary Schedule K-1s, as applicable, to enable the Certificateholder to prepare its federal and state income tax returns.

(iv) The Servicer shall perform the duties of the Servicer specified in Section 9.2 of the Trust Agreement required to be performed in connection with the resignation or removal of the Owner Trustee, the duties of the Servicer specified in Section 10.11 of the Trust Agreement, and any other duties expressly required to be performed by the Servicer under this Agreement or any of the Basic Documents.

(v) In carrying out the foregoing duties or any of its other obligations under this Agreement, the Servicer may enter into transactions with or otherwise deal with any of its Affiliates; provided, however, that the terms of any such transactions or dealings shall be in accordance with any directions received from the Issuer and shall be, in the Servicer’s opinion, no less favorable to the Issuer in any material respect.

(c) Tax Matters. The Servicer shall prepare and file, on behalf of the Seller, all tax returns, tax elections, financial statements and such annual or other reports attributable to the activities engaged in by the Issuer as are necessary for preparation of tax reports, including without limitation forms 1099. All tax returns will be signed by the Seller or the Servicer.

(d) Non-Ministerial Matters. With respect to matters that in the reasonable judgment of the Servicer are non-ministerial, the Servicer shall not take any action pursuant to this Article unless within a reasonable time before the taking of such action, the Servicer shall have notified the Owner Trustee and the Trustee of the proposed action and the Owner Trustee and, with respect to items (A), (B), (C) and (D) below, the Trustee shall not have withheld consent. For the purpose of the preceding sentence, “non-ministerial matters” shall include:

(A) the amendment of or any supplement to the Indenture;

(B) the initiation of any claim or lawsuit by the Issuer and the compromise of any action, claim or lawsuit brought by or against the Issuer (other than in connection with the collection of the Receivables);

(D) the appointment of successor Note Registrars, successor Paying Agents and successor Trustees pursuant to the Indenture or the appointment of successor Servicers or the consent to the assignment by the Note Registrar, Paying Agent or Trustee of its obligations under the Indenture; and

(E) the removal of the Trustee or the Trust Collateral Agent.

(e) Exceptions. Notwithstanding anything to the contrary in this Agreement, except as expressly provided herein or in the other Basic Documents, the Servicer, in its capacity hereunder, shall not be obligated to, and shall not, (1) make any payments to the Noteholders or Certificateholders under the Basic Documents, (2) sell the Trust Property pursuant to Section 5.5 of the Indenture, (3) take any other action that the Issuer directs the Servicer not to take on its behalf or (4) in connection with its duties hereunder assume any indemnification obligation of any other Person.

(f) The Backup Servicer or any successor Servicer shall not be responsible for any obligations or duties of the Servicer under this Section 11.1. Notwithstanding the foregoing or any other provision of this Agreement, AmeriCredit shall continue to perform the obligations of the Servicer under this Section 11.1.

SECTION 11.2. Records. The Servicer shall maintain appropriate books of account and records relating to services performed under this Agreement, which books of account and records shall be accessible for inspection by the Issuer at any time during normal business hours.

SECTION 11.3. Additional Information to be Furnished to the Issuer. The Servicer shall furnish to the Issuer from time to time such additional information regarding the Collateral as the Issuer shall reasonably request.

ARTICLE XII

Miscellaneous Provisions

SECTION 12.1. Amendment.

(a) This Agreement may be amended from time to time by the parties hereto, with the consent of the Trustee (which consent may not be unreasonably withheld) but without the consent of any of the Noteholders, to cure any ambiguity, to correct or supplement any provisions in this Agreement, to comply with any changes in the Code, or to make any other provisions with respect to matters or questions arising under this Agreement which shall not be inconsistent with the provisions of this Agreement; provided, however, that such action shall not, as evidenced by an Opinion of Counsel delivered to Owner Trustee and the Trustee, adversely affect in any material respect the interests of any Noteholder.

(b) This Agreement may also be amended from time to time by the parties hereto, with the consent of the Trustee, and with the consent of the Holders of Notes evidencing not less than a majority of the outstanding principal amount of the Notes for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or of modifying in any manner the rights of the Noteholders; provided, however, that no such amendment shall (a) increase or reduce in any manner the amount of, or accelerate or delay the timing of, collections of payments on Receivables or distributions that shall be required to be made for the benefit of the Noteholders or (b) reduce the aforesaid percentage of the outstanding principal amount of the Notes, the Holders of which are required to consent to any such amendment, without the consent of the Holders of all the outstanding Notes of each class affected thereby.

Promptly after the execution of any such amendment or consent, the Trust Collateral Agent shall furnish written notification of the substance of such amendment or consent to each Noteholder and the Seller (who shall deliver such notification to the Rating Agencies).

It shall not be necessary for the consent of the Noteholders pursuant to this Section to approve the particular form of any proposed amendment or consent, but it shall be sufficient if such consent shall approve the substance thereof. The manner of obtaining such consents (and any other consents of Noteholders provided for in this Agreement) and of evidencing the authorization of any action by Noteholders shall be subject to such reasonable requirements as the Trustee or the Owner Trustee, as applicable, may prescribe.

(c) Prior to the execution of any amendment to this Agreement, the Owner Trustee, the Trustee, the Trust Collateral Agent and the Backup Servicer shall be entitled to receive and conclusively rely upon an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by this Agreement and, with respect to any amendment to this Agreement pursuant to Section 12.1(b) hereof, the Opinion of Counsel referred to in Section 12.2(h)(1) has been delivered. The Owner Trustee, the Trust Collateral Agent, the Backup Servicer and the Trustee may, but shall not be obligated to, enter into any such amendment which affects the Issuer’s, the Owner Trustee’s, the Trust Collateral Agent’s, the Backup Servicer’s or the Trustee’s, as applicable, own rights, duties or immunities under this Agreement or otherwise.

SECTION 12.2. Protection of Title to Trust.

(a) The Seller shall execute and file such financing statements and cause to be executed and filed such continuation statements, all in such manner and in such places as may be required by law fully to preserve, maintain and protect the interest of the Issuer and the interests of the Trust Collateral Agent in the Receivables and in the proceeds thereof. The Seller shall deliver (or cause to be delivered) to the Owner Trustee and the Trust Collateral Agent file-stamped copies of, or filing receipts for, any document filed as provided above, as soon as available following such filing.

(b) Neither the Seller nor the Servicer shall change its name, identity or corporate structure in any manner that would, could or might make any financing statement or continuation statement filed in accordance with paragraph (a) above seriously misleading within the meaning of 9-506 of the UCC, unless it shall have given the Owner Trustee, the Trust Collateral Agent, the Backup Servicer and the Trustee at least five days’ prior written notice thereof and shall have promptly filed appropriate amendments to all previously filed financing statements or continuation statements. Promptly upon such filing, the Seller or the Servicer, as the case may be, shall deliver an Opinion of Counsel in form and substance reasonably satisfactory to the Trust Collateral Agent, stating either (A) all financing statements and continuation statements have been executed and filed that are necessary fully to preserve and protect the interest of the Trust and the Trust Collateral Agent in the Receivables, and reciting the details of such filings or referring to prior Opinions of Counsel in which such details are given, or (B) no such action shall be necessary to preserve and protect such interest.

(c) Each of the Seller and the Servicer shall have an obligation to give the Owner Trustee, the Backup Servicer, the Trust Collateral Agent and the Trustee at least 60 days’ prior written notice of any relocation of its principal executive office or jurisdiction of organization if, as a result of such relocation, the applicable provisions of the UCC would require the filing of any amendment of any previously filed financing or continuation statement or of any new financing statement and shall promptly file any such amendment or new financing statement. The Servicer shall at all times maintain (i) each office from which it shall service Receivables within the United States of America or Canada, and (ii) its principal executive office within the United States of America.

(d) The Servicer shall maintain accounts and records as to each Receivable accurately and in sufficient detail to permit (i) the reader thereof to know at any time the status of such Receivable, including payments and recoveries made and payments owing (and the nature of each) and (ii) reconciliation between payments or recoveries on (or with respect to) each Receivable and the amounts from time to time deposited in the Collection Account in respect of such Receivable.

(e) The Servicer shall maintain its computer systems so that, from and after the time of sale under this Agreement of the Receivables to the Issuer, the Servicer’s master computer records (including any backup archives) that refer to a Receivable shall indicate clearly the interest of the Trust in such Receivable and that such Receivable is owned by the Trust. Indication of the Trust’s interest in a Receivable shall be deleted from or modified on the Servicer’s computer systems

when, and only when, the related Receivable shall have been paid in full or repurchased or sold pursuant to this Agreement.

(f) If at any time the Seller or the Servicer shall propose to sell, grant a security interest in or otherwise transfer any interest in automotive receivables to any prospective purchaser, lender or other transferee, the Servicer shall give to such prospective purchaser, lender or other transferee computer tapes, records or printouts (including any restored from backup archives) that, if they shall refer in any manner whatsoever to any Receivable, shall indicate clearly that such Receivable has been sold and is owned by the Trust.

(g) Upon request, the Servicer shall furnish to the Owner Trustee, the Backup Servicer or to the Trustee, within five Business Days, a list of all Receivables (by contract number and name of Obligor) then held as part of the Trust, together with a reconciliation of such list to the Schedule of Receivables and to each of the Servicer’s Certificates furnished before such request indicating removal of Receivables from the Trust.

(h) The Servicer shall deliver to the Backup Servicer, the Owner Trustee and the Trustee:

(1) promptly after the execution and delivery of the Agreement and, if required pursuant to Section 12.1, of each amendment, an Opinion of Counsel stating that, in the opinion of such Counsel, either (A) all financing statements and continuation statements have been executed and filed that are necessary fully to preserve and protect the interest of the Trust and the Trust Collateral Agent in the Receivables, and reciting the details of such filings or referring to prior Opinions of Counsel in which such details are given, or (B) no such action shall be necessary to preserve and protect such interest; and

(2) within 90 days after the beginning of each calendar year beginning with the first calendar year beginning more than three months after the Cutoff Date, an Opinion of Counsel, dated as of a date during such 90-day period, stating that, in the opinion of such counsel, either (A) all financing statements and continuation statements have been executed and filed that are necessary fully to preserve and protect the interest of the Trust and the Trust Collateral Agent in the Receivables, and reciting the details of such filings or referring to prior Opinions of Counsel in which such details are given, or (B) no such action shall be necessary to preserve and protect such interest.

Each Opinion of Counsel referred to in clause (1) or (2) above shall specify any action necessary (as of the date of such opinion) to be taken in the following year to preserve and protect such interest.

SECTION 12.3. Notices.

(a) All demands, notices and communications upon or to the Seller, the Servicer, the Owner Trustee, the Trustee, the Backup Servicer or the Rating Agencies (upon whom any demands, notices or communications shall be provided only by the Seller or the Servicer) under this Agreement shall be in writing, personally delivered, electronically delivered, mailed by

certified mail, return receipt requested, federal express or similar overnight courier service, and shall be deemed to have been duly given upon receipt (i) in the case of the Seller to AFS SenSub Corp., 0000 X Xxxxxxxxxxx Xxxxx, Xxxxx 00, Xxx Xxxxx, Xxxxxx 00000, Attention: Chief Financial Officer, with a copy to AFS SenSub Corp., c/o AmeriCredit Financial Services, Inc., 000 Xxxxxx Xxxxxx, Xxxxx 0000, Xxxx Xxxxx, Xxxxx 00000, Attention: Chief Financial Officer, (ii) in the case of the Servicer to AmeriCredit Financial Services, Inc., 000 Xxxxxx Xxxxxx, Xxxxx 0000, Xxxx Xxxxx, Xxxxx 00000, Attention: Chief Financial Officer, (iii) in the case of the Issuer or the Owner Trustee, at the Corporate Trust Office of the Owner Trustee, Wilmington Trust Company, Xxxxxx Square North, 0000 Xxxxx Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000-0000, Attention: Corporate Trust Administration, (iv) in the case of the Trustee, the Trust Collateral Agent or the Backup Servicer, Xxxxx Fargo Bank, National Association Sixth Street and Marquette Avenue, MAC N9311-161, Xxxxxxxxxxx, Xxxxxxxxx 00000, Attention: Corporate Trust Office, (v) in the case of Moody’s, to Xxxxx’x Investors Service, Inc., ABS Monitoring Department, 7 World Trade Center at 000 Xxxxxxxxx Xxxxxx, Xxxxx Finance Group – 00xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000; and (vi) in the case of Standard & Poor’s, via electronic delivery to Xxxxxxxx_xxxxxxx@xxxxx.xxx, or, for any information not available in electronic format, to Standard & Poor’s Ratings Services, 00 Xxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000-0000, Attention: ABS Surveillance Group. Any notice required or permitted to be mailed to a Noteholder shall be given by first class mail, postage prepaid, at the address of such Holder as shown in the Note Register. Any notice so mailed within the time prescribed in the Agreement shall be conclusively presumed to have been duly given, whether or not the Noteholder shall receive such notice. Where this Agreement provides for notice or delivery of documents to the Rating Agencies, failure to give such notice or deliver such documents shall not affect any other rights or obligations created hereunder.

(b) If AmeriCredit is no longer the Custodian or the Servicer, any successor Custodian or Servicer, as applicable, shall provide any required Rating Agency notices to the Seller, who shall promptly provide such notice to the Rating Agencies.

SECTION 12.4. Assignment. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and permitted assigns. Notwithstanding anything to the contrary contained herein, except as provided in Sections 7.4 and 8.5 and as provided in the provisions of this Agreement concerning the resignation of the Servicer, this Agreement may not be assigned by the Seller or the Servicer without the prior written consent of the Owner Trustee, the Trust Collateral Agent, the Backup Servicer, the Trustee and the Majority Noteholders.

SECTION 12.5. Limitations on Rights of Others. The provisions of this Agreement are solely for the benefit of the parties hereto, the Trustee and the Noteholders, as third-party beneficiaries. Nothing in this Agreement, whether express or implied, shall be construed to give to any other Person any legal or equitable right, remedy or claim in the Owner Trust Estate or under or in respect of this Agreement or any covenants, conditions or provisions contained herein.

SECTION 12.6. Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any

such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

SECTION 12.7. Separate Counterparts. This Agreement may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute but one and the same instrument.

SECTION 12.8. Headings. The headings of the various Articles and Sections herein are for convenience of reference only and shall not define or limit any of the terms or provisions hereof.

SECTION 12.9. Governing Law. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND THIS AGREEMENT AND ALL MATTERS ARISING OUT OF OR RELATING IN ANY WAY TO THIS AGREEMENT SHALL BE GOVERNED BY, THE LAW OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ITS CONFLICT OF LAW PROVISIONS (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW).

SECTION 12.10. Assignment to Trust Collateral Agent. The Seller hereby acknowledges and consents to any mortgage, pledge, assignment and grant of a security interest by the Issuer to the Trust Collateral Agent pursuant to the Indenture for the benefit of the Noteholders of all right, title and interest of the Issuer in, to and under the Receivables listed in Schedule A hereto and/or the assignment of any or all of the Issuer’s rights and obligations hereunder to the Trust Collateral Agent.

SECTION 12.11. Nonpetition Covenants.

(a) Notwithstanding any prior termination of this Agreement, the Servicer and the Seller shall not, prior to the date which is one year and one day after the termination of this Agreement with respect to the Issuer, acquiesce, petition or otherwise invoke or cause the Issuer to invoke the process of any court or government authority for the purpose of commencing or sustaining a case against the Issuer under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer.

(b) Notwithstanding any prior termination of this Agreement, the Servicer shall not, prior to the date that is one year and one day after the termination of this Agreement with respect to the Seller, acquiesce to, petition or otherwise invoke or cause the Seller to invoke the process of any court or government authority for the purpose of commencing or sustaining a case against the Seller under any federal or state bankruptcy, insolvency or similar law, appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator, or other similar official of the Seller or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Seller.

SECTION 12.12. Limitation of Liability of Owner Trustee and Trust Collateral Agent

(a) Notwithstanding anything contained herein to the contrary, this Agreement has been countersigned by Wilmington Trust Company not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer and in no event shall Wilmington Trust Company in its individual capacity or, except as expressly provided in the Trust Agreement, as Owner Trustee have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder or in any of the certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to the assets of the Issuer. For all purposes of this Agreement, in the performance of its duties or obligations hereunder or in the performance of any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles V, VI and VII of the Trust Agreement.

(b) Notwithstanding anything contained herein to the contrary, this Agreement has been executed and delivered by Xxxxx Fargo Bank, National Association, not in its individual capacity but solely as Trust Collateral Agent and Backup Servicer and in no event shall Xxxxx Fargo Bank, National Association, have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder or in any of the certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to the assets of the Issuer.

(c) In no event shall Xxxxx Fargo Bank, National Association, in any of its capacities hereunder, be deemed to have assumed any duties of the Owner Trustee under the Delaware Statutory Trust Statute, common law, or the Trust Agreement.

SECTION 12.13. Independence of the Servicer. For all purposes of this Agreement, the Servicer shall be an independent contractor and shall not be subject to the supervision of the Issuer, the Trust Collateral Agent and the Backup Servicer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by this Agreement, the Servicer shall have no authority to act for or represent the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.

SECTION 12.14. No Joint Venture. Nothing contained in this Agreement (i) shall constitute the Servicer and either of the Issuer or the Owner Trustee as members of any partnership, joint venture, association, syndicate, unincorporated business or other separate entity, (ii) shall be construed to impose any liability as such on any of them or (iii) shall be deemed to confer on any of them any express, implied or apparent authority to incur any obligation or liability on behalf of the others.

SECTION 12.15. State Business Licenses. The Servicer or the Certificateholder shall prepare and instruct the Trust to file each state business license (and any renewal thereof) required to be filed under applicable state law without further consent or instruction from the Instructing Party (as defined in the Trust Agreement), including a Sales Finance Company Application (and any renewal thereof) with the Pennsylvania Department of Banking, Licensing

Division, and a Financial Regulation Application (and any renewal thereof) with the Maryland Department of Labor, Licensing and Regulation.

[Remainder of Page Intentionally Left Blank]

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered by their respective duly authorized officers as of the day and the year first above written.


AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2011-1

By: WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee on behalf of the Trust.

By:
		Name:
		Title:

AFS SENSUB CORP., Seller,

By:
		Name:
		Title:

AMERICREDIT FINANCIAL SERVICES, INC., Servicer,

By:
		Name:
		Title:

[Sale and Servicing Agreement]


XXXXX FARGO BANK, NATIONAL ASSOCIATION,
not in its individual capacity but solely as Backup Servicer

By:
		Name:
		Title:


Acknowledged and accepted by

XXXXX FARGO BANK, NATIONAL ASSOCIATION,
not in its individual capacity but solely as Trust Collateral Agent

By:
		Name:
		Title:

[Sale and Servicing Agreement]

SCHEDULE A

SCHEDULE OF RECEIVABLES

SCH-A-1

Total Initial Cut


Loan Number	Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number
423848506		437891534		438487639		444429021		444453492		444478085		444502413		444526768		444551048		444575450		444599567		444623623		444647671		444671606		444695407		444719314		444743090		444766786		444790406		444814073
423900521		437891559		438487712		444429039		444453500		444478101		444502421		444526776		444551055		444575468		444599575		444623631		444647689		444671622		444695415		444719322		444743108		444766794		444790414		444814081
424148344		437891583		438487779		444429047		444453518		444478119		444502439		444526784		444551063		444575476		444599583		444623649		444647697		444671630		444695423		444719330		444743116		444766802		444790422		444814099
424401578		437891658		438487811		444429054		444453526		444478127		444502447		444526792		444551071		444575484		444599591		444623656		444647705		444671648		444695431		444719348		444743124		444766810		444790430		444814107
424720787		437891674		438487829		444429062		444453534		444478135		444502454		444526800		444551089		444575492		444599617		444623664		444647713		444671655		444695449		444719355		444743132		444766828		444790448		444814123
424868156		437891682		438487878		444429070		444453542		444478143		444502462		444526818		444551097		444575500		444599625		444623672		444647721		444671663		444695456		444719363		444743140		444766836		444790455		444814131
424901866		437891757		438487944		444429088		444453559		444478150		444502470		444526826		444551105		444575518		444599633		444623680		444647739		444671671		444695464		444719371		444743157		444766844		444790463		444814149
424909968		437891773		438487969		444429096		444453567		444478168		444502488		444526834		444551113		444575534		444599641		444623698		444647747		444671689		444695472		444719389		444743165		444766851		444790471		444814156
424913390		437891922		438487993		444429104		444453575		444478176		444502496		444526842		444551121		444575542		444599658		444623706		444647754		444671697		444695480		444719397		444743173		444766869		444790489		444814164
425061678		437891963		438488017		444429138		444453583		444478184		444502504		444526859		444551139		444575559		444599666		444623714		444647762		444671705		444695498		444719405		444743181		444766877		444790497		444814172
425065869		437891989		438488041		444429146		444453591		444478192		444502512		444526867		444551147		444575575		444599674		444623730		444647770		444671713		444695506		444719413		444743199		444766885		444790505		444814180
425079738		437892029		438488074		444429153		444453609		444478200		444502520		444526875		444551154		444575583		444599682		444623748		444647788		444671721		444695514		444719421		444743207		444766893		444790513		444814198
425098068		437892078		438488140		444429161		444453617		444478218		444502538		444526883		444551162		444575591		444599690		444623755		444647796		444671739		444695522		444719439		444743215		444766901		444790521		444814206
425332475		437892094		438488173		444429179		444453625		444478226		444502546		444526891		444551170		444575609		444599708		444623763		444647804		444671747		444695530		444719447		444743223		444766919		444790539		444814214
425389442		437892185		438488199		444429187		444453633		444478234		444502553		444526909		444551188		444575617		444599716		444623771		444647812		444671754		444695548		444719454		444743231		444766927		444790547		444814222
425396827		437892219		438488207		444429195		444453641		444478242		444502561		444526917		444551196		444575625		444599724		444623789		444647820		444671762		444695555		444719462		444743249		444766935		444790554		444814230
425407301		437892508		438488223		444429203		444453658		444478259		444502579		444526925		444551204		444575633		444599732		444623797		444647838		444671770		444695563		444719470		444743256		444766943		444790562		444814248
425526456		437892532		438488306		444429211		444453666		444478267		444502587		444526933		444551212		444575641		444599740		444623805		444647846		444671788		444695571		444719488		444743264		444766950		444790570		444814255
425529773		437892615		438488371		444429229		444453674		444478275		444502595		444526941		444551220		444575658		444599757		444623813		444647853		444671796		444695589		444719496		444743272		444766968		444790588		444814263
425553831		437892623		438488397		444429237		444453682		444478283		444502603		444526958		444551238		444575666		444599765		444623821		444647861		444671804		444695597		444719504		444743280		444766976		444790596		444814271
425558053		437892631		438488405		444429245		444453690		444478291		444502611		444526966		444551246		444575674		444599773		444623839		444647879		444671812		444695605		444719512		444743298		444766984		444790604		444814289
425635729		437892649		438488421		444429252		444453708		444478309		444502629		444526974		444551253		444575682		444599781		444623847		444647887		444671820		444695613		444719520		444743306		444766992		444790612		444814297
425685336		437892714		438488520		444429260		444453716		444478317		444502637		444526982		444551261		444575690		444599799		444623854		444647895		444671838		444695621		444719538		444743314		444767008		444790620		444814305
425724747		437892748		438488538		444429278		444453724		444478325		444502645		444526990		444551279		444575708		444599807		444623862		444647903		444671846		444695639		444719546		444743322		444767016		444790638		444814313
425751609		437892755		438488587		444429294		444453732		444478333		444502652		444527006		444551287		444575716		444599815		444623870		444647911		444671853		444695647		444719553		444743330		444767024		444790646		444814321
425789138		437892797		438488637		444429302		444453740		444478341		444502660		444527014		444551295		444575724		444599823		444623888		444647929		444671861		444695654		444719561		444743348		444767032		444790653		444814339
425850179		437892805		438488645		444429310		444453757		444478358		444502678		444527022		444551303		444575740		444599831		444623896		444647937		444671879		444695662		444719579		444743355		444767040		444790661		444814347
425870714		437892896		438488736		444429328		444453765		444478366		444502686		444527030		444551311		444575765		444599849		444623904		444647945		444671887		444695670		444719587		444743363		444767057		444790679		444814354
425909926		437892904		438488744		444429336		444453773		444478374		444502694		444527048		444551329		444575781		444599856		444623912		444647952		444671895		444695688		444719595		444743371		444767065		444790687		444814362
425928215		437892995		438488801		444429344		444453781		444478382		444502702		444527055		444551337		444575799		444599864		444623920		444647960		444671903		444695696		444719603		444743389		444767073		444790695		444814370
425954864		437893035		438488942		444429351		444453799		444478390		444502710		444527063		444551345		444575807		444599872		444623938		444647978		444671911		444695704		444719611		444743397		444767081		444790703		444814388
426067625		437893118		438488975		444429369		444453807		444478416		444502728		444527071		444551352		444575815		444599880		444623946		444647986		444671929		444695712		444719629		444743405		444767099		444790711		444814396
426075115		437893183		438489007		444429377		444453815		444478424		444502736		444527089		444551360		444575823		444599898		444623953		444647994		444671937		444695720		444719637		444743413		444767107		444790729		444814404
426092961		437893191		438489023		444429385		444453823		444478440		444502744		444527097		444551378		444575831		444599906		444623961		444648000		444671945		444695738		444719645		444743421		444767115		444790737		444814412
426099008		437893258		438489056		444429393		444453831		444478457		444502751		444527105		444551386		444575849		444599914		444623979		444648018		444671952		444695753		444719652		444743439		444767123		444790745		444814420
426114997		437893332		438489098		444429401		444453849		444478465		444502769		444527113		444551394		444575856		444599922		444623987		444648026		444671960		444695779		444719660		444743447		444767131		444790752		444814438
426122883		437893340		438489130		444429419		444453856		444478473		444502777		444527121		444551402		444575864		444599930		444623995		444648034		444671986		444695787		444719678		444743454		444767149		444790760		444814446
426148946		437893357		438489189		444429427		444453864		444478481		444502785		444527139		444551410		444575872		444599948		444624001		444648042		444671994		444695795		444719686		444743470		444767156		444790778		444814453
426152518		437893381		438489197		444429435		444453872		444478499		444502793		444527147		444551428		444575880		444599955		444624019		444648059		444672000		444695803		444719694		444743488		444767164		444790786		444814461
426201968		437893431		438489213		444429443		444453880		444478507		444502801		444527154		444551436		444575898		444599963		444624027		444648067		444672018		444695811		444719702		444743496		444767172		444790794		444814479
426233557		437893464		438489221		444429450		444453898		444478515		444502819		444527162		444551444		444575906		444599971		444624035		444648075		444672026		444695829		444719710		444743504		444767180		444790802		444814487
426261079		437893571		438489270		444429468		444453906		444478523		444502827		444527170		444551451		444575914		444599989		444624043		444648083		444672034		444695837		444719728		444743512		444767198		444790810		444814495
426274841		437893696		438489288		444429484		444453914		444478531		444502835		444527188		444551477		444575922		444599997		444624050		444648091		444672042		444695845		444719736		444743520		444767206		444790828		444814503
426279063		437893712		438489320		444429492		444453922		444478549		444502843		444527196		444551485		444575930		444600001		444624068		444648109		444672059		444695852		444719744		444743538		444767214		444790836		444814511
426326773		437893779		438489338		444429500		444453930		444478556		444502850		444527204		444551493		444575948		444600019		444624076		444648117		444672067		444695860		444719751		444743546		444767222		444790844		444814529
426328241		437894298		438489353		444429518		444453948		444478564		444502868		444527212		444551501		444575955		444600027		444624084		444648125		444672075		444695878		444719769		444743553		444767248		444790851		444814537
426328886		437894306		438489361		444429526		444453955		444478572		444502876		444527220		444551519		444575963		444600043		444624092		444648133		444672083		444695886		444719777		444743561		444767255		444790869		444814545
426346516		437894447		438489387		444429534		444453963		444478580		444502884		444527238		444551527		444575971		444600050		444624100		444648141		444672091		444695894		444719785		444743579		444767263		444790877		444814552
426402988		437894595		438489395		444429542		444453971		444478598		444502892		444527246		444551535		444575989		444600068		444624118		444648158		444672109		444695902		444719793		444743587		444767271		444790885		444814560
426456901		437894876		438489437		444429559		444453989		444478606		444502900		444527261		444551543		444575997		444600076		444624126		444648166		444672117		444695910		444719801		444743595		444767289		444790893		444814578
426459178		437894991		438489445		444429567		444453997		444478614		444502918		444527279		444551550		444576003		444600084		444624134		444648174		444672125		444695928		444719819		444743603		444767297		444790901		444814586
426500617		437895048		438489486		444429575		444454003		444478622		444502926		444527287		444551568		444576011		444600092		444624142		444648182		444672133		444695936		444719827		444743611		444767305		444790919		444814594
426511028		437895055		438489494		444429583		444454011		444478630		444502934		444527295		444551576		444576029		444600100		444624159		444648190		444672141		444695944		444719835		444743629		444767313		444790927		444814602
426518882		437895063		438489510		444429591		444454029		444478648		444502942		444527303		444551584		444576037		444600118		444624167		444648208		444672158		444695951		444719843		444743637		444767321		444790935		444814610
426545729		437895105		438489577		444429609		444454037		444478655		444502959		444527311		444551592		444576045		444600126		444624175		444648216		444672166		444695969		444719850		444743645		444767339		444790943		444814628
426566725		437895253		438489684		444429617		444454045		444478663		444502967		444527329		444551600		444576052		444600134		444624183		444648224		444672174		444695985		444719868		444743652		444767347		444790950		444814636
426570040		437895402		438489692		444429625		444454052		444478671		444502975		444527337		444551618		444576060		444600142		444624191		444648232		444672182		444695993		444719876		444743660		444767354		444790968		444814644
426579447		437895410		438489700		444429633		444454060		444478689		444502983		444527345		444551626		444576086		444600159		444624209		444648240		444672190		444696009		444719884		444743678		444767362		444790976		444814651
426598868		437895501		438489726		444429641		444454078		444478697		444502991		444527352		444551634		444576094		444600167		444624217		444648257		444672208		444696017		444719892		444743686		444767370		444790984		444814669
426601480		437895527		438489759		444429658		444454086		444478705		444503007		444527360		444551642		444576102		444600175		444624225		444648265		444672216		444696025		444719900		444743694		444767388		444790992		444814677
426602124		437895626		438489767		444429666		444454094		444478713		444503015		444527378		444551659		444576110		444600183		444624233		444648273		444672224		444696033		444719918		444743702		444767396		444791008		444814685
426606257		437895683		438489775		444429674		444454102		444478721		444503023		444527386		444551667		444576128		444600191		444624241		444648281		444672232		444696041		444719926		444743710		444767404		444791016		444814693
426606984		437895717		438489791		444429682		444454110		444478739		444503031		444527394		444551675		444576136		444600209		444624266		444648299		444672240		444696058		444719934		444743728		444767412		444791024		444814701
426607545		437895733		438489858		444429690		444454128		444478747		444503049		444527402		444551683		444576144		444600217		444624274		444648307		444672257		444696066		444719942		444743736		444767420		444791032		444814719
426610671		437895790		438489908		444429708		444454136		444478754		444503056		444527410		444551691		444576151		444600225		444624282		444648315		444672265		444696074		444719959		444743744		444767438		444791040		444814727
426611257		437895816		438489973		444429716		444454144		444478762		444503064		444527428		444551709		444576169		444600233		444624290		444648323		444672273		444696082		444719967		444743751		444767446		444791057		444814735
426611323		437895824		438490013		444429724		444454169		444478770		444503072		444527436		444551717		444576177		444600241		444624308		444648331		444672281		444696090		444719975		444743769		444767453		444791065		444814743
426612354		437895873		438490054		444429732		444454177		444478788		444503080		444527444		444551725		444576185		444600258		444624316		444648349		444672299		444696108		444719983		444743777		444767461		444791073		444814750
426622023		437895881		438490070		444429740		444454185		444478796		444503098		444527451		444551733		444576193		444600266		444624324		444648356		444672307		444696116		444719991		444743785		444767479		444791081		444814768
426622858		437895956		438490138		444429757		444454193		444478804		444503106		444527469		444551741		444576201		444600274		444624332		444648364		444672315		444696124		444720007		444743793		444767487		444791099		444814776
426623302		437895980		438490153		444429765		444454201		444478812		444503114		444527477		444551758		444576219		444600282		444624340		444648372		444672323		444696132		444720015		444743801		444767495		444791107		444814784
426623740		437896129		438490179		444429773		444454219		444478820		444503122		444527485		444551766		444576227		444600290		444624357		444648380		444672331		444696140		444720023		444743819		444767503		444791115		444814792
426626651		437896145		438490195		444429781		444454227		444478838		444503130		444527493		444551774		444576235		444600308		444624365		444648398		444672349		444696157		444720031		444743827		444767511		444791123		444814800

Total Initial Cut


Loan Number	Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number
426638151		437896269		438490211		444429799		444454243		444478846		444503148		444527501		444551782		444576243		444600316		444624373		444648406		444672356		444696165		444720049		444743835		444767529		444791131		444814818
426639738		437896285		438490310		444429807		444454250		444478853		444503155		444527519		444551790		444576250		444600324		444624381		444648414		444672364		444696173		444720056		444743843		444767537		444791149		444814826
426640173		437896319		438490377		444429815		444454268		444478861		444503163		444527527		444551808		444576268		444600340		444624399		444648422		444672372		444696181		444720064		444743850		444767545		444791156		444814834
426642138		437896376		438490419		444429823		444454276		444478879		444503171		444527535		444551816		444576276		444600357		444624407		444648430		444672380		444696199		444720072		444743868		444767552		444791164		444814842
426644316		437896400		438490427		444429831		444454284		444478887		444503189		444527543		444551824		444576284		444600365		444624415		444648448		444672398		444696207		444720080		444743876		444767560		444791172		444814859
426653341		437896426		438490443		444429849		444454292		444478895		444503197		444527568		444551832		444576292		444600373		444624423		444648455		444672406		444696215		444720098		444743884		444767578		444791180		444814867
426658845		437896467		438490476		444429856		444454300		444478903		444503205		444527576		444551840		444576300		444600381		444624431		444648463		444672414		444696223		444720106		444743892		444767586		444791198		444814875
426666749		437896483		438490518		444429864		444454318		444478911		444503213		444527584		444551857		444576318		444600399		444624449		444648471		444672430		444696231		444720114		444743900		444767594		444791206		444814883
426668885		437896574		438490567		444429872		444454326		444478929		444503221		444527592		444551865		444576326		444600407		444624456		444648489		444672448		444696249		444720122		444743918		444767602		444791214		444814891
426670774		437896590		438490575		444429880		444454334		444478937		444503239		444527600		444551873		444576334		444600415		444624464		444648497		444672455		444696256		444720130		444743926		444767610		444791222		444814909
426674222		437896608		438490666		444429898		444454342		444478945		444503247		444527618		444551881		444576342		444600423		444624472		444648505		444672463		444696264		444720148		444743934		444767628		444791230		444814917
426674727		437896616		438490682		444429906		444454359		444478952		444503254		444527626		444551899		444576359		444600431		444624480		444648513		444672471		444696272		444720155		444743942		444767636		444791248		444814925
426676284		437896699		438490690		444429914		444454367		444478960		444503262		444527634		444551907		444576367		444600449		444624498		444648521		444672489		444696280		444720163		444743959		444767644		444791255		444814933
426685244		437896756		438490708		444429922		444454375		444478978		444503270		444527642		444551915		444576375		444600456		444624506		444648539		444672497		444696298		444720171		444743967		444767651		444791263		444814941
426690699		437896806		438490831		444429930		444454383		444478986		444503288		444527659		444551923		444576383		444600464		444624514		444648547		444672505		444696306		444720189		444743975		444767669		444791271		444814958
426690772		437896897		438490864		444429948		444454391		444478994		444503296		444527667		444551931		444576391		444600472		444624522		444648554		444672513		444696314		444720197		444743983		444767677		444791289		444814966
426694501		437896954		438490914		444429955		444454409		444479000		444503304		444527675		444551949		444576409		444600480		444624530		444648562		444672521		444696322		444720205		444743991		444767685		444791297		444814974
426696357		437896996		438491011		444429963		444454425		444479026		444503312		444527683		444551956		444576417		444600498		444624548		444648570		444672539		444696330		444720213		444744007		444767693		444791305		444814982
426705182		437897077		438491045		444429971		444454433		444479034		444503320		444527691		444551964		444576425		444600506		444624555		444648588		444672547		444696348		444720221		444744015		444767701		444791313		444814990
426705620		437897093		438491052		444429989		444454441		444479042		444503338		444527709		444551972		444576433		444600514		444624563		444648596		444672554		444696355		444720239		444744023		444767719		444791321		444815005
426705703		437897275		438491060		444429997		444454458		444479059		444503346		444527717		444551980		444576441		444600522		444624571		444648604		444672562		444696363		444720247		444744031		444767727		444791339		444815013
426712998		437897374		438491078		444430003		444454466		444479067		444503353		444527725		444551998		444576458		444600530		444624589		444648612		444672570		444696371		444720254		444744049		444767735		444791347		444815021
426714051		437897382		438491094		444430029		444454474		444479075		444503361		444527733		444552004		444576466		444600548		444624597		444648620		444672588		444696389		444720262		444744056		444767743		444791354		444815039
426716064		437897408		438491128		444430037		444454482		444479083		444503379		444527741		444552012		444576474		444600555		444624605		444648646		444672596		444696397		444720270		444744064		444767750		444791362		444815047
426717161		437897416		438491185		444430045		444454490		444479091		444503387		444527758		444552020		444576482		444600563		444624613		444648653		444672604		444696405		444720288		444744072		444767768		444791370		444815054
426718953		437897499		438491193		444430052		444454508		444479109		444503395		444527766		444552038		444576490		444600571		444624621		444648661		444672612		444696413		444720296		444744080		444767776		444791388		444815062
426719753		437897515		438491235		444430060		444454516		444479117		444503403		444527774		444552046		444576508		444600589		444624639		444648679		444672620		444696421		444720304		444744098		444767784		444791396		444815070
426723052		437897580		438491268		444430078		444454524		444479125		444503411		444527782		444552053		444576516		444600597		444624647		444648687		444672638		444696439		444720312		444744106		444767792		444791404		444815088
426723136		437897663		438491284		444430086		444454532		444479133		444503429		444527790		444552061		444576524		444600605		444624654		444648695		444672646		444696447		444720320		444744114		444767800		444791412		444815096
426731063		437897721		438491326		444430094		444454540		444479141		444503437		444527808		444552079		444576532		444600613		444624662		444648703		444672653		444696454		444720338		444744122		444767818		444791420		444815104
426737441		437897804		438491334		444430102		444454557		444479158		444503445		444527824		444552087		444576540		444600621		444624670		444648711		444672661		444696462		444720346		444744130		444767826		444791438		444815112
426744983		437897945		438491359		444430110		444454573		444479166		444503452		444527832		444552095		444576557		444600639		444624688		444648729		444672679		444696470		444720353		444744148		444767834		444791446		444815120
426746061		437898174		438491466		444430128		444454581		444479174		444503460		444527840		444552103		444576565		444600647		444624696		444648737		444672687		444696488		444720361		444744155		444767842		444791453		444815138
426747689		437898190		438491524		444430136		444454599		444479182		444503478		444527857		444552111		444576573		444600654		444624704		444648745		444672695		444696496		444720379		444744163		444767859		444791461		444815146
426748208		437898208		438491532		444430144		444454607		444479190		444503486		444527865		444552129		444576581		444600662		444624712		444648752		444672703		444696504		444720387		444744171		444767867		444791479		444815153
426748653		437898299		438491557		444430151		444454615		444479208		444503494		444527873		444552137		444576599		444600670		444624720		444648760		444672711		444696512		444720395		444744189		444767875		444791487		444815161
426749628		437898307		438491607		444430169		444454623		444479216		444503502		444527881		444552145		444576607		444600688		444624738		444648778		444672729		444696520		444720403		444744197		444767883		444791495		444815179
426749982		437898364		438491623		444430177		444454631		444479224		444503510		444527899		444552152		444576615		444600696		444624746		444648786		444672737		444696538		444720411		444744205		444767891		444791503		444815187
426754032		437898489		438491680		444430185		444454649		444479232		444503528		444527907		444552160		444576623		444600704		444624753		444648794		444672745		444696546		444720429		444744213		444767909		444791511		444815195
426757316		437898539		438491730		444430193		444454656		444479240		444503536		444527915		444552178		444576631		444600712		444624761		444648802		444672752		444696553		444720437		444744221		444767917		444791529		444815203
426759221		437898588		438491748		444430201		444454664		444479257		444503544		444527923		444552186		444576649		444600720		444624779		444648810		444672760		444696561		444720445		444744239		444767925		444791537		444815211
426762217		437898620		438491771		444430219		444454672		444479265		444503551		444527931		444552194		444576656		444600738		444624787		444648828		444672778		444696579		444720452		444744247		444767933		444791545		444815229
426763637		437898745		438491789		444430227		444454680		444479273		444503569		444527949		444552202		444576664		444600746		444624795		444648836		444672786		444696587		444720460		444744254		444767941		444791552		444815237
426764122		437898836		438491888		444430235		444454698		444479281		444503577		444527956		444552210		444576672		444600753		444624803		444648851		444672794		444696595		444720478		444744262		444767958		444791560		444815245
426767596		437898869		438491987		444430243		444454706		444479299		444503585		444527964		444552228		444576680		444600761		444624811		444648869		444672802		444696603		444720486		444744270		444767966		444791578		444815252
426769121		437898893		438491995		444430250		444454714		444479307		444503593		444527972		444552236		444576698		444600779		444624829		444648877		444672810		444696611		444720494		444744288		444767974		444791586		444815260
426771564		437898950		438492019		444430268		444454722		444479315		444503601		444527980		444552244		444576706		444600787		444624837		444648885		444672828		444696629		444720502		444744296		444767982		444791594		444815278
426773719		437899008		438492027		444430276		444454730		444479323		444503619		444527998		444552251		444576714		444600795		444624845		444648893		444672836		444696637		444720510		444744304		444767990		444791602		444815286
426773875		437899065		438492068		444430284		444454748		444479331		444503627		444528004		444552269		444576722		444600803		444624852		444648901		444672844		444696645		444720528		444744312		444768006		444791610		444815294
426774568		437899149		438492084		444430292		444454755		444479356		444503635		444528012		444552277		444576730		444600811		444624860		444648919		444672851		444696652		444720536		444744320		444768014		444791628		444815302
426780706		437899305		438492217		444430300		444454763		444479364		444503643		444528020		444552285		444576748		444600829		444624878		444648927		444672869		444696660		444720544		444744338		444768022		444791636		444815310
426782140		437899313		438492258		444430318		444454771		444479372		444503650		444528038		444552301		444576755		444600837		444624886		444648935		444672877		444696678		444720551		444744346		444768030		444791644		444815328
426782751		437899347		438492316		444430326		444454789		444479380		444503668		444528046		444552319		444576763		444600845		444624894		444648943		444672885		444696686		444720569		444744353		444768048		444791651		444815336
426782850		437899388		438492381		444430334		444454797		444479398		444503684		444528053		444552327		444576771		444600852		444624902		444648950		444672893		444696694		444720577		444744361		444768055		444791669		444815344
426783528		437899396		438492423		444430342		444454805		444479406		444503692		444528061		444552343		444576789		444600860		444624910		444648968		444672901		444696702		444720585		444744379		444768063		444791677		444815351
426785440		437899412		438492449		444430359		444454813		444479414		444503700		444528079		444552350		444576797		444600878		444624928		444648976		444672919		444696710		444720593		444744387		444768071		444791685		444815369
426786984		437899503		438492456		444430367		444454821		444479422		444503718		444528087		444552368		444576805		444600886		444624936		444648984		444672927		444696728		444720601		444744395		444768089		444791693		444815377
426791901		437899537		438492464		444430375		444454847		444479430		444503726		444528095		444552376		444576813		444600894		444624944		444648992		444672935		444696736		444720619		444744403		444768097		444791701		444815385
426792198		437899552		438492548		444430391		444454854		444479448		444503734		444528103		444552384		444576821		444600902		444624951		444649008		444672943		444696744		444720627		444744411		444768105		444791719		444815393
426792578		437899602		438492555		444430409		444454862		444479455		444503742		444528111		444552392		444576839		444600910		444624969		444649016		444672950		444696751		444720635		444744429		444768113		444791727		444815401
426792792		437899693		438492589		444430417		444454870		444479463		444503759		444528129		444552400		444576847		444600928		444624977		444649024		444672968		444696769		444720643		444744437		444768121		444791735		444815419
426799581		437899719		438492662		444430425		444454888		444479471		444503767		444528137		444552418		444576854		444600936		444624985		444649032		444672976		444696777		444720650		444744445		444768139		444791743		444815427
426802062		437899727		438492803		444430433		444454896		444479489		444503775		444528145		444552426		444576862		444600944		444624993		444649040		444672984		444696785		444720668		444744452		444768147		444791750		444815435
426802369		437899735		438492894		444430458		444454904		444479497		444503783		444528152		444552434		444576888		444600951		444625008		444649057		444672992		444696793		444720676		444744460		444768154		444791768		444815443
426802492		437899859		438493017		444430466		444454912		444479505		444503791		444528160		444552442		444576896		444600969		444625016		444649065		444673008		444696801		444720684		444744478		444768162		444791776		444815450
426803151		437900038		438493033		444430474		444454920		444479513		444503809		444528178		444552467		444576904		444600977		444625024		444649073		444673016		444696819		444720692		444744486		444768170		444791784		444815468
426804159		437900160		438493074		444430482		444454938		444479521		444503817		444528186		444552475		444576912		444600985		444625040		444649081		444673024		444696827		444720700		444744494		444768188		444791792		444815476
426809869		437900178		438493116		444430490		444454946		444479539		444503825		444528194		444552483		444576920		444600993		444625057		444649099		444673032		444696835		444720718		444744502		444768196		444791800		444815484
426810255		437900228		438493165		444430508		444454961		444479547		444503833		444528202		444552491		444576938		444601009		444625065		444649107		444673040		444696843		444720726		444744510		444768204		444791818		444815492
426812202		437900327		438493173		444430516		444454979		444479554		444503841		444528210		444552509		444576946		444601017		444625073		444649115		444673057		444696850		444720734		444744528		444768212		444791826		444815500
426813770		437900434		438493223		444430524		444454987		444479562		444503858		444528228		444552517		444576953		444601025		444625081		444649123		444673065		444696868		444720742		444744536		444768220		444791834		444815518
426814430		437900491		438493256		444430532		444454995		444479570		444503866		444528236		444552525		444576961		444601033		444625099		444649131		444673073		444696876		444720759		444744544		444768238		444791842		444815526
426815437		437900566		438493306		444430540		444455000		444479588		444503874		444528244		444552533		444576979		444601041		444625107		444649149		444673081		444696884		444720767		444744551		444768246		444791859		444815534

Total Initial Cut


Loan Number	Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number
426819348		437900574		438493330		444430557		444455018		444479596		444503882		444528251		444552541		444576987		444601058		444625115		444649156		444673099		444696892		444720775		444744569		444768253		444791867		444815542
426821773		437900608		438493355		444430565		444455026		444479604		444503890		444528269		444552558		444576995		444601066		444625123		444649164		444673107		444696900		444720783		444744577		444768261		444791875		444815559
426822227		437900624		438493546		444430573		444455034		444479620		444503908		444528277		444552566		444577001		444601074		444625131		444649172		444673115		444696918		444720791		444744585		444768279		444791883		444815567
426822243		437900673		438493579		444430581		444455042		444479638		444503916		444528285		444552574		444577019		444601082		444625149		444649180		444673123		444696926		444720809		444744601		444768287		444791891		444815575
426823464		437900699		438493694		444430599		444455059		444479646		444503924		444528293		444552590		444577027		444601090		444625156		444649198		444673131		444696942		444720817		444744619		444768295		444791909		444815583
426824181		437900756		438493769		444430607		444455067		444479653		444503932		444528301		444552608		444577035		444601108		444625164		444649206		444673149		444696959		444720825		444744627		444768303		444791917		444815591
426825741		437900780		438493777		444430615		444455075		444479661		444503940		444528319		444552616		444577043		444601116		444625172		444649222		444673156		444696967		444720833		444744635		444768311		444791925		444815609
426825964		437900806		438493843		444430623		444455091		444479679		444503957		444528327		444552624		444577050		444601124		444625180		444649230		444673164		444696975		444720841		444744643		444768329		444791933		444815617
426826111		437900814		438493918		444430631		444455117		444479687		444503965		444528335		444552632		444577068		444601132		444625198		444649248		444673172		444696983		444720858		444744650		444768337		444791941		444815625
426826962		437900863		438493926		444430649		444455125		444479695		444503973		444528343		444552640		444577076		444601140		444625206		444649255		444673180		444696991		444720866		444744668		444768345		444791958		444815633
426827382		437900871		438493942		444430656		444455133		444479703		444503981		444528350		444552657		444577084		444601157		444625214		444649263		444673198		444697007		444720874		444744676		444768352		444791966		444815641
426830808		437900970		438494023		444430664		444455141		444479711		444503999		444528368		444552665		444577100		444601165		444625222		444649271		444673206		444697015		444720882		444744684		444768360		444791974		444815658
426837613		437901085		438494080		444430672		444455158		444479729		444504005		444528376		444552673		444577118		444601173		444625230		444649289		444673214		444697023		444720890		444744692		444768378		444791982		444815666
426842001		437901093		438494106		444430680		444455166		444479737		444504013		444528384		444552681		444577126		444601181		444625248		444649297		444673222		444697031		444720908		444744700		444768386		444791990		444815674
426844155		437901226		438494114		444430698		444455174		444479745		444504021		444528392		444552699		444577134		444601199		444625255		444649305		444673230		444697049		444720916		444744718		444768394		444792006		444815682
426847570		437901242		438494155		444430706		444455182		444479752		444504039		444528400		444552707		444577142		444601207		444625263		444649313		444673248		444697056		444720924		444744726		444768402		444792014		444815690
426849519		437901259		438494163		444430714		444455190		444479760		444504047		444528418		444552715		444577159		444601215		444625271		444649321		444673255		444697064		444720932		444744734		444768410		444792022		444815708
426849816		437901333		438494171		444430722		444455208		444479778		444504054		444528426		444552723		444577167		444601223		444625289		444649339		444673263		444697072		444720940		444744742		444768428		444792030		444815716
426851192		437901416		438494189		444430730		444455216		444479786		444504062		444528434		444552731		444577175		444601231		444625297		444649347		444673271		444697080		444720957		444744759		444768436		444792048		444815724
426852356		437901424		438494197		444430748		444455224		444479802		444504070		444528442		444552749		444577183		444601249		444625305		444649354		444673289		444697098		444720965		444744767		444768444		444792055		444815732
426853404		437901507		438494205		444430755		444455232		444479810		444504088		444528459		444552756		444577191		444601256		444625313		444649362		444673297		444697106		444720973		444744775		444768451		444792063		444815740
426855326		437901549		438494346		444430763		444455240		444479828		444504096		444528467		444552764		444577209		444601264		444625321		444649370		444673305		444697114		444720981		444744783		444768469		444792071		444815757
426855730		437901556		438494403		444430771		444455257		444479836		444504104		444528475		444552772		444577217		444601272		444625339		444649388		444673313		444697122		444720999		444744791		444768477		444792089		444815765
426857355		437901580		438494452		444430789		444455273		444479844		444504112		444528483		444552780		444577225		444601280		444625347		444649404		444673321		444697130		444721005		444744809		444768485		444792097		444815773
426857967		437901663		438494502		444430797		444455281		444479851		444504120		444528491		444552798		444577233		444601298		444625354		444649412		444673339		444697155		444721013		444744817		444768493		444792105		444815781
426858775		437901697		438494528		444430805		444455299		444479869		444504138		444528509		444552806		444577241		444601306		444625362		444649420		444673347		444697163		444721021		444744825		444768501		444792113		444815799
426860037		437901705		438494536		444430813		444455307		444479877		444504146		444528517		444552814		444577258		444601314		444625370		444649438		444673354		444697171		444721039		444744833		444768519		444792121		444815807
426864146		437901739		438494650		444430821		444455315		444479885		444504153		444528525		444552822		444577266		444601322		444625388		444649446		444673362		444697189		444721047		444744841		444768527		444792139		444815815
426864948		437901812		438494718		444430839		444455323		444479893		444504161		444528533		444552830		444577274		444601330		444625396		444649453		444673370		444697197		444721054		444744858		444768535		444792147		444815823
426867172		437901861		438494726		444430847		444455349		444479901		444504179		444528541		444552848		444577282		444601348		444625404		444649461		444673388		444697205		444721062		444744866		444768543		444792154		444815831
426868188		437901895		438494882		444430854		444455356		444479919		444504187		444528558		444552855		444577290		444601355		444625412		444649479		444673396		444697213		444721070		444744874		444768550		444792162		444815849
426870952		437902000		438494908		444430862		444455364		444479927		444504195		444528566		444552863		444577308		444601363		444625420		444649487		444673404		444697221		444721088		444744882		444768568		444792170		444815856
426871000		437902059		438494924		444430870		444455372		444479935		444504203		444528574		444552871		444577316		444601371		444625438		444649495		444673412		444697239		444721096		444744890		444768576		444792188		444815864
426871273		437902232		438494965		444430888		444455380		444479943		444504211		444528582		444552889		444577324		444601389		444625446		444649503		444673420		444697247		444721104		444744908		444768584		444792196		444815872
426874772		437902257		438495301		444430896		444455398		444479950		444504229		444528590		444552897		444577332		444601397		444625453		444649511		444673438		444697254		444721112		444744916		444768592		444792204		444815880
426875647		437902265		438495327		444430904		444455406		444479968		444504237		444528608		444552905		444577340		444601405		444625461		444649529		444673446		444697262		444721120		444744924		444768600		444792212		444815898
426878542		437902281		438495368		444430912		444455414		444479976		444504245		444528616		444552913		444577357		444601413		444625479		444649537		444673453		444697270		444721138		444744932		444768618		444792220		444815906
426880118		437902349		438495418		444430920		444455422		444479984		444504252		444528624		444552921		444577365		444601421		444625487		444649545		444673461		444697288		444721146		444744940		444768626		444792238		444815914
426880258		437902356		438495483		444430938		444455430		444479992		444504260		444528632		444552939		444577373		444601439		444625495		444649552		444673479		444697296		444721153		444744957		444768634		444792246		444815922
426881637		437902364		438495632		444430946		444455448		444480008		444504278		444528640		444552947		444577381		444601447		444625503		444649560		444673487		444697304		444721161		444744965		444768642		444792253		444815930
426881942		437902372		438495640		444430953		444455455		444480016		444504286		444528657		444552962		444577399		444601454		444625511		444649578		444673495		444697312		444721179		444744973		444768659		444792261		444815948
426882411		437902380		438495657		444430961		444455463		444480024		444504294		444528665		444552970		444577407		444601462		444625529		444649586		444673503		444697320		444721187		444744981		444768667		444792279		444815955
426882775		437902430		438495665		444430979		444455471		444480032		444504302		444528673		444552988		444577415		444601470		444625537		444649594		444673511		444697338		444721195		444744999		444768675		444792287		444815963
426884821		437902455		438495673		444430995		444455489		444480040		444504310		444528681		444552996		444577423		444601488		444625545		444649602		444673529		444697346		444721203		444745004		444768683		444792295		444815971
426886677		437902505		438495830		444431001		444455497		444480057		444504328		444528699		444553002		444577431		444601496		444625552		444649610		444673537		444697353		444721211		444745012		444768691		444792303		444815989
426888863		437902547		438495848		444431019		444455505		444480065		444504336		444528707		444553010		444577449		444601504		444625560		444649628		444673545		444697361		444721229		444745020		444768709		444792311		444815997
426894408		437902588		438495863		444431027		444455513		444480073		444504344		444528715		444553028		444577456		444601512		444625578		444649636		444673552		444697379		444721237		444745038		444768717		444792329		444816003
426894762		437902646		438495939		444431035		444455521		444480081		444504351		444528723		444553036		444577464		444601520		444625586		444649644		444673560		444697387		444721245		444745046		444768725		444792337		444816011
426896882		437902679		438495988		444431043		444455539		444480107		444504369		444528731		444553044		444577472		444601538		444625594		444649651		444673578		444697395		444721252		444745053		444768733		444792345		444816029
426898854		437902729		438496002		444431050		444455547		444480115		444504377		444528749		444553051		444577480		444601546		444625602		444649669		444673586		444697403		444721260		444745061		444768741		444792352		444816037
426899183		437902794		438496119		444431068		444455554		444480123		444504385		444528756		444553069		444577498		444601553		444625610		444649677		444673594		444697411		444721278		444745079		444768758		444792360		444816045
426899894		437902836		438496127		444431076		444455562		444480131		444504393		444528764		444553077		444577522		444601561		444625628		444649685		444673602		444697429		444721286		444745087		444768766		444792378		444816052
426903688		437902851		438496275		444431084		444455570		444480149		444504401		444528772		444553085		444577530		444601587		444625636		444649693		444673610		444697437		444721294		444745095		444768774		444792386		444816060
426904082		437902919		438496291		444431092		444455588		444480156		444504419		444528780		444553093		444577548		444601595		444625644		444649701		444673628		444697445		444721302		444745103		444768782		444792394		444816078
426910279		437902927		438496317		444431100		444455612		444480164		444504427		444528798		444553101		444577555		444601603		444625651		444649719		444673636		444697452		444721310		444745111		444768790		444792402		444816086
426910527		437902950		438496523		444431118		444455620		444480172		444504435		444528806		444553119		444577563		444601611		444625677		444649727		444673644		444697460		444721328		444745129		444768808		444792410		444816094
426911160		437903008		438496598		444431126		444455638		444480180		444504443		444528814		444553127		444577571		444601629		444625685		444649735		444673651		444697478		444721336		444745137		444768816		444792428		444816102
426918405		437903065		438496622		444431134		444455646		444480198		444504450		444528822		444553143		444577589		444601637		444625693		444649743		444673669		444697486		444721344		444745145		444768824		444792436		444816110
426918850		437903115		438496663		444431142		444455653		444480206		444504468		444528830		444553150		444577597		444601645		444625701		444649768		444673677		444697494		444721351		444745152		444768832		444792444		444816128
426924304		437903131		438496838		444431159		444455661		444480214		444504476		444528848		444553176		444577605		444601652		444625719		444649776		444673685		444697502		444721377		444745160		444768840		444792451		444816136
426925277		437903149		438496853		444431167		444455679		444480222		444504484		444528855		444553184		444577613		444601660		444625727		444649784		444673693		444697510		444721385		444745178		444768857		444792469		444816151
426925384		437903156		438497026		444431175		444455695		444480230		444504492		444528863		444553192		444577621		444601678		444625735		444649792		444673701		444697528		444721393		444745186		444768865		444792477		444816169
426931366		437903180		438497034		444431183		444455703		444480248		444504500		444528871		444553200		444577639		444601686		444625743		444649800		444673719		444697536		444721401		444745194		444768873		444792485		444816177
426932356		437903214		438497067		444431191		444455729		444480255		444504518		444528889		444553218		444577647		444601694		444625750		444649818		444673727		444697544		444721419		444745202		444768881		444792493		444816185
426933354		437903230		438497083		444431209		444455745		444480263		444504526		444528897		444553226		444577654		444601702		444625768		444649826		444673735		444697551		444721427		444745210		444768899		444792501		444816193
426937678		437903347		438497158		444431217		444455752		444480271		444504534		444528905		444553234		444577662		444601710		444625776		444649834		444673743		444697569		444721435		444745228		444768907		444792519		444816201
426940912		437903388		438497232		444431225		444455760		444480289		444504542		444528913		444553242		444577670		444601728		444625784		444649842		444673750		444697577		444721443		444745236		444768915		444792527		444816219
426941738		437903396		438497307		444431233		444455778		444480297		444504559		444528939		444553259		444577688		444601736		444625792		444649859		444673768		444697585		444721450		444745244		444768923		444792535		444816227
426944732		437903438		438497349		444431241		444455786		444480305		444504567		444528947		444553267		444577696		444601744		444625800		444649867		444673776		444697593		444721468		444745251		444768931		444792543		444816235
426945093		437903446		438497406		444431258		444455794		444480313		444504575		444528954		444553275		444577704		444601751		444625818		444649875		444673784		444697601		444721476		444745269		444768949		444792550		444816243
426945713		437903537		438497596		444431266		444455802		444480321		444504583		444528962		444553283		444577712		444601769		444625826		444649883		444673792		444697619		444721484		444745277		444768956		444792568		444816250
426948857		437903594		438497745		444431274		444455810		444480339		444504591		444528970		444553291		444577720		444601777		444625834		444649891		444673800		444697627		444721492		444745285		444768964		444792576		444816268
426953659		437903669		438497752		444431282		444455828		444480347		444504609		444528988		444553309		444577738		444601785		444625842		444649909		444673818		444697635		444721500		444745293		444768972		444792584		444816276

Total Initial Cut


Loan Number	Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number
426954129		437903685		438497935		444431290		444455836		444480354		444504617		444528996		444553317		444577746		444601793		444625859		444649917		444673826		444697643		444721518		444745301		444768980		444792592		444816284
426955217		437903727		438497943		444431308		444455844		444480362		444504625		444529002		444553325		444577753		444601801		444625867		444649925		444673834		444697650		444721526		444745319		444768998		444792600		444816292
426956041		437903735		438497976		444431316		444455851		444480370		444504633		444529010		444553333		444577761		444601819		444625875		444649933		444673842		444697668		444721534		444745327		444769004		444792618		444816300
426956348		437903743		438497984		444431324		444455869		444480388		444504641		444529028		444553341		444577779		444601835		444625883		444649941		444673859		444697676		444721542		444745335		444769012		444792626		444816318
426959870		437903750		438498008		444431332		444455885		444480396		444504658		444529036		444553358		444577787		444601843		444625891		444649958		444673867		444697684		444721559		444745343		444769020		444792634		444816326
426960688		437903834		438498099		444431340		444455901		444480404		444504666		444529044		444553366		444577795		444601850		444625917		444649966		444673875		444697692		444721567		444745350		444769038		444792642		444816334
426960753		437903867		438498297		444431373		444455919		444480412		444504674		444529051		444553374		444577803		444601868		444625925		444649974		444673883		444697700		444721575		444745368		444769046		444792659		444816342
426961702		437903891		438498313		444431381		444455927		444480420		444504682		444529069		444553382		444577811		444601876		444625933		444649982		444673891		444697718		444721583		444745376		444769053		444792667		444816359
426962726		437903909		438498321		444431399		444455943		444480438		444504690		444529077		444553390		444577829		444601884		444625941		444649990		444673909		444697726		444721591		444745384		444769061		444792675		444816367
426963492		437903917		438498362		444431407		444455950		444480446		444504708		444529085		444553408		444577837		444601892		444625958		444650006		444673917		444697734		444721609		444745392		444769079		444792683		444816375
426963997		437903925		438498370		444431415		444455976		444480453		444504716		444529093		444553416		444577845		444601900		444625966		444650014		444673925		444697742		444721617		444745400		444769087		444792691		444816383
426964151		437903958		438498404		444431423		444455984		444480461		444504724		444529101		444553424		444577852		444601918		444625974		444650022		444673933		444697759		444721625		444745418		444769095		444792709		444816391
426965687		437903966		438498446		444431431		444455992		444480479		444504732		444529119		444553432		444577860		444601926		444625982		444650030		444673941		444697767		444721633		444745426		444769103		444792717		444816409
426971586		437904048		438498461		444431449		444456008		444480487		444504740		444529127		444553440		444577878		444601934		444625990		444650048		444673958		444697775		444721641		444745434		444769111		444792725		444816417
426973970		437904089		438498487		444431456		444456016		444480495		444504757		444529135		444553465		444577886		444601942		444626006		444650055		444673966		444697783		444721658		444745442		444769129		444792733		444816425
426978201		437904097		438498651		444431464		444456024		444480503		444504765		444529143		444553473		444577894		444601959		444626014		444650063		444673974		444697791		444721666		444745459		444769137		444792741		444816433
426979324		437904113		438498776		444431472		444456032		444480511		444504773		444529150		444553481		444577902		444601967		444626022		444650071		444673982		444697809		444721674		444745467		444769145		444792758		444816441
426980421		437904162		438498792		444431480		444456040		444480529		444504781		444529168		444553499		444577910		444601983		444626030		444650089		444673990		444697817		444721682		444745475		444769152		444792766		444816458
426981163		437904170		438498800		444431498		444456057		444480537		444504799		444529176		444553507		444577928		444601991		444626048		444650097		444674006		444697825		444721690		444745483		444769160		444792774		444816466
426981825		437904246		438498826		444431506		444456073		444480545		444504807		444529184		444553515		444577936		444602007		444626055		444650105		444674014		444697833		444721708		444745491		444769178		444792782		444816474
426983292		437904360		438498875		444431514		444456081		444480552		444504815		444529192		444553523		444577944		444602015		444626063		444650113		444674022		444697841		444721716		444745509		444769186		444792790		444816482
426983581		437904493		438498909		444431522		444456099		444480560		444504823		444529200		444553531		444577951		444602023		444626071		444650121		444674030		444697858		444721724		444745517		444769194		444792808		444816490
426985271		437904501		438498933		444431530		444456107		444480578		444504831		444529218		444553549		444577969		444602031		444626089		444650139		444674048		444697866		444721732		444745525		444769202		444792816		444816508
426988176		437904527		438499139		444431548		444456115		444480586		444504849		444529226		444553556		444577977		444602049		444626097		444650147		444674055		444697874		444721740		444745533		444769210		444792824		444816516
426990123		437904618		438499238		444431555		444456123		444480594		444504856		444529234		444553564		444577985		444602056		444626105		444650154		444674063		444697882		444721757		444745541		444769236		444792832		444816524
426994265		437904717		438499253		444431563		444456131		444480602		444504864		444529242		444553572		444577993		444602064		444626113		444650162		444674071		444697890		444721765		444745558		444769244		444792840		444816532
426994331		437904774		438499279		444431571		444456149		444480610		444504872		444529259		444553580		444578009		444602072		444626121		444650170		444674089		444697908		444721773		444745566		444769251		444792857		444816540
426996849		437904790		438499337		444431589		444456156		444480628		444504880		444529267		444553598		444578017		444602080		444626139		444650188		444674097		444697916		444721781		444745574		444769269		444792865		444816557
426996880		437904824		438499493		444431597		444456164		444480636		444504898		444529275		444553614		444578025		444602098		444626147		444650196		444674105		444697924		444721799		444745582		444769277		444792873		444816565
426997078		437904873		438499501		444431605		444456172		444480644		444504906		444529283		444553622		444578033		444602106		444626162		444650204		444674113		444697932		444721807		444745590		444769285		444792881		444816573
426999439		437905003		438499519		444431613		444456180		444480651		444504914		444529291		444553630		444578041		444602114		444626170		444650212		444674121		444697940		444721815		444745608		444769293		444792899		444816581
426999918		437905029		438499527		444431621		444456198		444480669		444504922		444529309		444553648		444578058		444602122		444626188		444650220		444674139		444697957		444721823		444745616		444769301		444792907		444816599
427000922		437905052		438499535		444431639		444456206		444480677		444504930		444529317		444553655		444578066		444602130		444626196		444650238		444674147		444697965		444721831		444745624		444769319		444792915		444816607
427002290		437905060		438499568		444431647		444456214		444480685		444504948		444529325		444553671		444578074		444602148		444626204		444650246		444674154		444697973		444721849		444745632		444769327		444792923		444816615
427002670		437905136		438499584		444431654		444456222		444480693		444504955		444529333		444553689		444578082		444602155		444626212		444650253		444674162		444697981		444721856		444745640		444769335		444792931		444816623
427009402		437905169		438499659		444431662		444456230		444480701		444504963		444529341		444553697		444578090		444602163		444626220		444650279		444674170		444697999		444721864		444745657		444769343		444792949		444816631
427011218		437905185		438499675		444431670		444456248		444480719		444504971		444529358		444553705		444578108		444602171		444626238		444650287		444674188		444698005		444721872		444745665		444769350		444792956		444816649
427012661		437905235		438499733		444431688		444456255		444480727		444504989		444529366		444553713		444578116		444602189		444626253		444650295		444674196		444698013		444721880		444745673		444769368		444792964		444816656
427013206		437905250		438499782		444431704		444456263		444480735		444504997		444529374		444553721		444578124		444602197		444626261		444650303		444674204		444698021		444721898		444745681		444769376		444792972		444816664
427015318		437905276		438499881		444431712		444456271		444480743		444505002		444529382		444553739		444578132		444602205		444626279		444650311		444674212		444698039		444721906		444745699		444769384		444792980		444816672
427017595		437905284		438499956		444431720		444456289		444480750		444505010		444529390		444553747		444578140		444602213		444626287		444650329		444674220		444698047		444721914		444745707		444769392		444792998		444816680
427020409		437905292		438500001		444431738		444456297		444480768		444505028		444529408		444553754		444578157		444602221		444626295		444650337		444674238		444698054		444721922		444745715		444769400		444793004		444816698
427020870		437905300		438500050		444431746		444456305		444480776		444505036		444529416		444553762		444578165		444602239		444626303		444650345		444674246		444698062		444721930		444745723		444769418		444793012		444816706
427021795		437905334		438500134		444431753		444456313		444480784		444505051		444529424		444553770		444578173		444602254		444626311		444650352		444674253		444698070		444721948		444745731		444769426		444793020		444816714
427025341		437905367		438500175		444431761		444456321		444480792		444505069		444529432		444553788		444578199		444602262		444626329		444650360		444674261		444698088		444721955		444745749		444769434		444793038		444816722
427027719		437905383		438500191		444431779		444456339		444480800		444505077		444529440		444553796		444578207		444602270		444626337		444650378		444674279		444698096		444721963		444745756		444769442		444793046		444816730
427034202		437905391		438500209		444431787		444456347		444480818		444505085		444529465		444553804		444578215		444602288		444626345		444650386		444674287		444698104		444721971		444745764		444769459		444793053		444816748
427036579		437905417		438500217		444431795		444456354		444480826		444505093		444529473		444553812		444578223		444602296		444626352		444650394		444674295		444698112		444721989		444745772		444769467		444793061		444816755
427036959		437905524		438500266		444431811		444456362		444480834		444505101		444529481		444553820		444578231		444602304		444626360		444650402		444674303		444698120		444721997		444745780		444769475		444793079		444816763
427037411		437905557		438500308		444431829		444456370		444480842		444505119		444529499		444553838		444578249		444602312		444626378		444650410		444674311		444698138		444722003		444745798		444769483		444793087		444816771
427041553		437905623		438500357		444431837		444456388		444480859		444505127		444529507		444553846		444578256		444602320		444626386		444650428		444674329		444698146		444722011		444745806		444769491		444793095		444816789
427044201		437905631		438500464		444431845		444456396		444480867		444505135		444529515		444553853		444578264		444602338		444626394		444650436		444674337		444698153		444722029		444745814		444769509		444793103		444816797
427044235		437905664		438500563		444431852		444456404		444480875		444505143		444529523		444553861		444578272		444602346		444626402		444650444		444674345		444698161		444722037		444745822		444769517		444793111		444816805
427048574		437905672		438500647		444431860		444456412		444480883		444505150		444529531		444553879		444578280		444602353		444626410		444650451		444674352		444698179		444722045		444745830		444769525		444793129		444816813
427050984		437905706		438500662		444431878		444456420		444480891		444505168		444529549		444553887		444578298		444602361		444626428		444650469		444674360		444698187		444722052		444745848		444769533		444793137		444816821
427053145		437905714		438500696		444431886		444456438		444480909		444505176		444529556		444553903		444578306		444602379		444626436		444650477		444674378		444698195		444722060		444745855		444769541		444793152		444816839
427055280		437905748		438500753		444431894		444456446		444480917		444505184		444529564		444553911		444578314		444602387		444626444		444650485		444674386		444698203		444722078		444745863		444769558		444793160		444816847
427056528		437905797		438500779		444431902		444456453		444480925		444505192		444529572		444553929		444578322		444602395		444626451		444650493		444674394		444698211		444722086		444745871		444769566		444793178		444816854
427058284		437905821		438501074		444431910		444456461		444480933		444505200		444529580		444553937		444578330		444602403		444626469		444650501		444674402		444698229		444722094		444745889		444769574		444793186		444816862
427058433		437905896		438501157		444431928		444456479		444480941		444505218		444529598		444553945		444578348		444602411		444626477		444650519		444674410		444698237		444722102		444745897		444769582		444793194		444816870
427058912		437905904		438501298		444431936		444456487		444480958		444505226		444529606		444553952		444578355		444602429		444626485		444650527		444674428		444698245		444722110		444745905		444769590		444793202		444816888
427061700		437905912		438501371		444431944		444456495		444480966		444505234		444529614		444553960		444578363		444602437		444626493		444650535		444674436		444698252		444722128		444745913		444769608		444793210		444816896
427065370		437905953		438501405		444431969		444456503		444480974		444505242		444529622		444553978		444578371		444602445		444626501		444650543		444674444		444698260		444722136		444745921		444769616		444793228		444816904
427067889		437906142		438501447		444431977		444456511		444480982		444505259		444529630		444553986		444578397		444602452		444626519		444650550		444674451		444698278		444722144		444745939		444769624		444793244		444816912
427069901		437906175		438501546		444431985		444456529		444480990		444505267		444529648		444553994		444578405		444602460		444626527		444650568		444674469		444698286		444722151		444745947		444769632		444793251		444816920
427070685		437906209		438501579		444431993		444456537		444481006		444505275		444529655		444554000		444578413		444602478		444626535		444650576		444674477		444698294		444722169		444745954		444769640		444793269		444816938
427071964		437906324		438501678		444432009		444456545		444481014		444505283		444529663		444554018		444578421		444602486		444626543		444650584		444674485		444698302		444722177		444745962		444769657		444793277		444816946
427078647		437906332		438501785		444432017		444456552		444481022		444505291		444529671		444554026		444578439		444602494		444626550		444650592		444674493		444698310		444722185		444745970		444769665		444793285		444816953
427078852		437906365		438501835		444432033		444456560		444481030		444505309		444529689		444554034		444578447		444602502		444626568		444650600		444674501		444698328		444722193		444745988		444769673		444793293		444816961
427081864		437906399		438501967		444432041		444456578		444481048		444505317		444529697		444554042		444578454		444602510		444626576		444650618		444674519		444698336		444722201		444745996		444769681		444793301		444816979
427082128		437906449		438501983		444432058		444456586		444481055		444505325		444529705		444554059		444578462		444602528		444626584		444650626		444674527		444698344		444722219		444746002		444769699		444793319		444816987
427083878		437906472		438502056		444432066		444456594		444481063		444505333		444529713		444554067		444578470		444602536		444626592		444650634		444674535		444698351		444722227		444746010		444769707		444793327		444816995
427084587		437906597		438502072		444432074		444456610		444481071		444505341		444529721		444554075		444578488		444602544		444626600		444650642		444674543		444698369		444722235		444746028		444769715		444793335		444817001

Total Initial Cut


Loan Number	Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number
427088299		437906605		438502080		444432082		444456628		444481089		444505358		444529747		444554083		444578496		444602551		444626618		444650659		444674550		444698377		444722243		444746036		444769723		444793343		444817019
427090139		437906704		438502098		444432108		444456636		444481097		444505366		444529754		444554091		444578504		444602569		444626626		444650667		444674568		444698393		444722250		444746044		444769731		444793350		444817027
427090402		437906720		438502171		444432116		444456644		444481105		444505374		444529762		444554117		444578512		444602577		444626634		444650675		444674576		444698401		444722268		444746051		444769749		444793368		444817035
427090857		437906746		438502205		444432124		444456651		444481113		444505382		444529770		444554125		444578520		444602585		444626642		444650683		444674584		444698419		444722276		444746069		444769756		444793376		444817043
427092606		437906795		438502221		444432132		444456669		444481121		444505390		444529788		444554133		444578538		444602593		444626659		444650691		444674592		444698427		444722284		444746077		444769764		444793384		444817050
427092697		437906811		438502247		444432140		444456677		444481139		444505408		444529796		444554141		444578546		444602601		444626667		444650709		444674600		444698435		444722292		444746085		444769772		444793392		444817068
427092796		437906936		438502270		444432157		444456685		444481147		444505416		444529804		444554158		444578553		444602619		444626675		444650717		444674618		444698443		444722300		444746093		444769780		444793400		444817076
427093141		437906944		438502304		444432165		444456693		444481154		444505424		444529812		444554166		444578561		444602627		444626683		444650725		444674626		444698450		444722318		444746101		444769798		444793418		444817084
427093224		437907058		438502361		444432173		444456719		444481162		444505432		444529820		444554174		444578579		444602635		444626691		444650741		444674634		444698468		444722326		444746119		444769806		444793426		444817092
427093398		437907157		438502494		444432181		444456727		444481170		444505440		444529838		444554182		444578587		444602643		444626709		444650758		444674642		444698476		444722334		444746127		444769814		444793434		444817100
427095385		437907173		438502502		444432199		444456735		444481188		444505457		444529846		444554190		444578595		444602650		444626717		444650766		444674659		444698484		444722342		444746135		444769822		444793442		444817118
427095757		437907348		438502627		444432207		444456743		444481196		444505465		444529853		444554208		444578603		444602668		444626725		444650774		444674667		444698492		444722359		444746143		444769830		444793459		444817126
427099205		437907355		438502668		444432215		444456750		444481204		444505473		444529861		444554216		444578611		444602676		444626733		444650782		444674675		444698500		444722367		444746150		444769848		444793467		444817134
427099940		437907439		438502759		444432223		444456768		444481212		444505481		444529879		444554224		444578629		444602684		444626741		444650790		444674683		444698518		444722375		444746168		444769855		444793475		444817142
427100995		437907454		438502791		444432231		444456776		444481220		444505499		444529887		444554232		444578637		444602692		444626758		444650808		444674691		444698526		444722383		444746176		444769863		444793483		444817159
427101209		437907462		438502817		444432249		444456784		444481238		444505507		444529895		444554240		444578645		444602700		444626766		444650816		444674709		444698534		444722391		444746184		444769871		444793491		444817167
427101670		437907553		438502874		444432256		444456792		444481253		444505515		444529903		444554257		444578660		444602718		444626774		444650824		444674717		444698542		444722409		444746192		444769889		444793509		444817175
427101829		437907561		438502908		444432264		444456800		444481261		444505523		444529911		444554265		444578678		444602726		444626782		444650832		444674725		444698559		444722417		444746200		444769897		444793517		444817183
427102637		437907587		438503013		444432272		444456818		444481279		444505531		444529929		444554273		444578686		444602734		444626790		444650840		444674733		444698567		444722425		444746218		444769905		444793525		444817191
427104138		437907611		438503120		444432280		444456826		444481287		444505549		444529937		444554281		444578694		444602742		444626808		444650857		444674741		444698575		444722433		444746226		444769913		444793533		444817209
427106992		437907660		438503203		444432298		444456834		444481295		444505556		444529945		444554299		444578702		444602759		444626816		444650865		444674758		444698583		444722441		444746234		444769921		444793541		444817217
427107750		437907678		438503237		444432306		444456842		444481303		444505564		444529952		444554307		444578710		444602767		444626824		444650873		444674766		444698591		444722458		444746242		444769939		444793558		444817225
427109939		437907744		438503344		444432314		444456859		444481311		444505572		444529960		444554315		444578728		444602775		444626840		444650881		444674774		444698609		444722466		444746259		444769947		444793566		444817233
427111521		437907777		438503450		444432322		444456867		444481329		444505580		444529978		444554331		444578736		444602783		444626857		444650899		444674782		444698617		444722474		444746267		444769954		444793574		444817241
427113576		437907819		438503716		444432330		444456875		444481337		444505606		444529986		444554349		444578744		444602791		444626865		444650907		444674790		444698625		444722482		444746275		444769962		444793582		444817258
427114400		437907843		438503757		444432348		444456883		444481345		444505614		444529994		444554356		444578751		444602809		444626873		444650915		444674808		444698633		444722490		444746283		444769970		444793590		444817266
427114657		437908023		438503807		444432355		444456891		444481352		444505622		444530000		444554364		444578769		444602817		444626881		444650923		444674816		444698658		444722508		444746291		444769988		444793608		444817274
427116694		437908031		438503823		444432363		444456909		444481360		444505630		444530018		444554372		444578777		444602825		444626899		444650931		444674824		444698666		444722516		444746309		444769996		444793616		444817282
427116819		437908155		438503872		444432371		444456917		444481378		444505648		444530026		444554380		444578785		444602833		444626907		444650949		444674832		444698674		444722524		444746317		444770002		444793624		444817290
427118468		437908312		438503930		444432389		444456925		444481386		444505655		444530034		444554398		444578793		444602841		444626915		444650956		444674840		444698682		444722532		444746325		444770010		444793632		444817308
427118690		437908338		438503948		444432397		444456933		444481394		444505663		444530042		444554406		444578801		444602858		444626923		444650964		444674857		444698690		444722540		444746333		444770028		444793640		444817316
427120423		437908437		438503955		444432405		444456941		444481402		444505671		444530059		444554414		444578819		444602866		444626931		444650972		444674865		444698708		444722557		444746341		444770036		444793657		444817324
427121157		437908460		438504060		444432413		444456958		444481410		444505689		444530067		444554422		444578827		444602874		444626949		444650980		444674873		444698716		444722565		444746358		444770044		444793665		444817332
427122056		437908528		438504110		444432421		444456966		444481428		444505697		444530075		444554430		444578835		444602882		444626956		444650998		444674881		444698724		444722573		444746366		444770051		444793673		444817340
427122353		437908585		438504128		444432439		444456974		444481436		444505705		444530083		444554455		444578843		444602890		444626964		444651004		444674899		444698732		444722581		444746374		444770069		444793681		444817357
427127253		437908643		438504151		444432447		444456982		444481444		444505713		444530091		444554463		444578850		444602908		444626972		444651012		444674907		444698740		444722599		444746382		444770077		444793699		444817365
427127360		437908668		438504219		444432454		444456990		444481451		444505721		444530109		444554489		444578868		444602916		444626980		444651020		444674915		444698757		444722607		444746390		444770085		444793707		444817373
427127683		437908676		438504292		444432462		444457006		444481469		444505739		444530117		444554497		444578876		444602924		444626998		444651038		444674923		444698765		444722615		444746408		444770093		444793715		444817381
427128962		437908692		438504334		444432470		444457014		444481477		444505747		444530125		444554505		444578892		444602932		444627004		444651046		444674931		444698773		444722623		444746416		444770101		444793723		444817399
427129283		437908700		438504433		444432488		444457048		444481485		444505754		444530133		444554513		444578900		444602940		444627012		444651053		444674949		444698781		444722631		444746424		444770119		444793731		444817407
427129812		437908817		438504664		444432496		444457055		444481493		444505762		444530141		444554521		444578918		444602957		444627020		444651061		444674956		444698799		444722649		444746432		444770127		444793749		444817415
427132592		437908882		438504680		444432504		444457063		444481501		444505770		444530158		444554539		444578926		444602965		444627038		444651079		444674964		444698807		444722656		444746440		444770135		444793756		444817423
427138268		437908890		438504706		444432512		444457071		444481519		444505796		444530166		444554547		444578934		444602973		444627046		444651087		444674972		444698815		444722664		444746457		444770143		444793764		444817431
427140884		437908908		438504730		444432546		444457089		444481535		444505804		444530174		444554554		444578942		444602981		444627061		444651095		444674980		444698823		444722672		444746465		444770150		444793772		444817449
427142518		437908932		438504870		444432553		444457097		444481543		444505812		444530182		444554562		444578959		444602999		444627087		444651103		444674998		444698831		444722680		444746473		444770168		444793780		444817456
427148846		437908981		438505059		444432561		444457105		444481550		444505820		444530190		444554570		444578967		444603005		444627095		444651111		444675003		444698849		444722706		444746499		444770176		444793798		444817464
427149638		437909021		438505083		444432579		444457113		444481568		444505838		444530208		444554588		444578975		444603013		444627103		444651129		444675011		444698856		444722714		444746507		444770184		444793806		444817472
427150073		437909047		438505091		444432587		444457121		444481576		444505846		444530216		444554596		444578983		444603021		444627111		444651137		444675029		444698864		444722722		444746515		444770192		444793814		444817480
427152756		437909054		438505299		444432595		444457139		444481584		444505853		444530224		444554604		444579007		444603039		444627129		444651145		444675037		444698872		444722730		444746523		444770200		444793822		444817498
427154372		437909062		438505349		444432603		444457147		444481592		444505861		444530232		444554612		444579015		444603047		444627137		444651152		444675045		444698880		444722748		444746531		444770218		444793830		444817506
427156997		437909153		438505364		444432611		444457154		444481600		444505879		444530240		444554620		444579023		444603054		444627145		444651160		444675052		444698898		444722755		444746549		444770226		444793848		444817514
427157722		437909161		438505372		444432629		444457162		444481618		444505887		444530257		444554638		444579031		444603062		444627152		444651178		444675060		444698906		444722763		444746556		444770234		444793855		444817522
427159025		437909179		438505489		444432637		444457170		444481626		444505903		444530265		444554646		444579049		444603070		444627160		444651186		444675078		444698914		444722771		444746564		444770242		444793863		444817530
427159108		437909278		438505521		444432645		444457196		444481634		444505911		444530273		444554653		444579056		444603088		444627178		444651194		444675086		444698922		444722789		444746572		444770259		444793871		444817548
427160460		437909302		438505661		444432652		444457204		444481642		444505929		444530281		444554661		444579064		444603096		444627186		444651202		444675094		444698930		444722797		444746580		444770267		444793889		444817555
427161823		437909401		438505828		444432660		444457212		444481659		444505937		444530299		444554679		444579072		444603104		444627194		444651210		444675102		444698948		444722805		444746598		444770275		444793897		444817563
427162144		437909476		438505851		444432678		444457238		444481667		444505945		444530307		444554687		444579080		444603112		444627202		444651228		444675110		444698955		444722813		444746606		444770283		444793905		444817571
427162474		437909500		438505869		444432686		444457246		444481675		444505952		444530315		444554695		444579098		444603120		444627210		444651236		444675128		444698963		444722821		444746614		444770291		444793913		444817589
427164827		437909559		438505950		444432694		444457253		444481683		444505960		444530323		444554703		444579106		444603138		444627228		444651244		444675136		444698971		444722839		444746622		444770309		444793921		444817597
427165022		437909567		438505976		444432702		444457261		444481691		444505978		444530331		444554711		444579114		444603146		444627236		444651251		444675144		444698989		444722847		444746630		444770317		444793939		444817613
427165626		437909583		438506099		444432710		444457279		444481709		444505986		444530349		444554737		444579122		444603153		444627244		444651269		444675151		444698997		444722854		444746648		444770325		444793947		444817621
427166616		437909591		438506107		444432728		444457287		444481717		444505994		444530356		444554745		444579130		444603161		444627251		444651277		444675169		444699011		444722862		444746655		444770333		444793954		444817639
427169123		437909617		438506115		444432736		444457295		444481725		444506000		444530364		444554752		444579155		444603179		444627269		444651285		444675177		444699029		444722870		444746663		444770341		444793962		444817647
427169412		437909633		438506214		444432744		444457303		444481733		444506018		444530372		444554760		444579163		444603187		444627277		444651293		444675185		444699037		444722888		444746671		444770358		444793970		444817654
427171988		437909641		438506230		444432751		444457311		444481741		444506026		444530380		444554778		444579171		444603195		444627285		444651301		444675201		444699045		444722896		444746689		444770366		444793988		444817662
427174131		437909740		438506271		444432769		444457329		444481758		444506034		444530398		444554786		444579189		444603203		444627293		444651319		444675219		444699052		444722904		444746697		444770374		444793996		444817670
427174685		437909831		438506388		444432777		444457337		444481766		444506042		444530406		444554794		444579197		444603211		444627301		444651327		444675227		444699060		444722912		444746705		444770382		444794002		444817688
427175849		437909864		438506487		444432785		444457345		444481782		444506059		444530414		444554810		444579205		444603229		444627319		444651335		444675235		444699078		444722920		444746713		444770390		444794010		444817696
427178736		437909898		438506537		444432793		444457352		444481790		444506067		444530422		444554828		444579213		444603237		444627327		444651343		444675243		444699086		444722938		444746721		444770408		444794028		444817704
427181086		437909906		438506545		444432801		444457360		444481808		444506075		444530448		444554836		444579221		444603245		444627335		444651350		444675250		444699094		444722946		444746739		444770416		444794036		444817712
427181631		437909922		438506644		444432819		444457378		444481816		444506083		444530455		444554844		444579239		444603252		444627343		444651368		444675268		444699102		444722953		444746747		444770424		444794044		444817720
427182159		437909955		438506677		444432827		444457386		444481824		444506091		444530471		444554851		444579247		444603260		444627350		444651376		444675276		444699110		444722961		444746754		444770432		444794051		444817738
427183314		437910060		438506685		444432835		444457394		444481832		444506109		444530489		444554869		444579254		444603278		444627368		444651384		444675284		444699128		444722979		444746762		444770440		444794069		444817746

Total Initial Cut


Loan Number	Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number
427183942		437910102		438506693		444432843		444457402		444481840		444506117		444530497		444554877		444579262		444603286		444627376		444651392		444675292		444699136		444722987		444746770		444770457		444794077		444817753
427186333		437910110		438506727		444432876		444457410		444481857		444506125		444530505		444554885		444579270		444603294		444627384		444651400		444675300		444699144		444722995		444746788		444770465		444794085		444817761
427186440		437910136		438506743		444432884		444457428		444481865		444506133		444530513		444554893		444579288		444603302		444627392		444651418		444675318		444699151		444723001		444746796		444770473		444794093		444817779
427186796		437910177		438506800		444432892		444457436		444481873		444506141		444530539		444554901		444579296		444603310		444627400		444651426		444675326		444699169		444723019		444746804		444770481		444794101		444817787
427189295		437910219		438506842		444432900		444457444		444481881		444506158		444530547		444554919		444579304		444603328		444627418		444651434		444675334		444699177		444723027		444746812		444770499		444794119		444817795
427189626		437910243		438506909		444432918		444457451		444481899		444506166		444530554		444554927		444579312		444603336		444627426		444651442		444675342		444699185		444723035		444746820		444770507		444794127		444817803
427192331		437910276		438506917		444432926		444457469		444481907		444506174		444530562		444554935		444579320		444603344		444627434		444651459		444675359		444699193		444723043		444746838		444770515		444794135		444817811
427194113		437910284		438507279		444432934		444457477		444481915		444506182		444530570		444554943		444579338		444603351		444627442		444651467		444675367		444699201		444723050		444746846		444770523		444794143		444817829
427200597		437910318		438507410		444432942		444457485		444481923		444506190		444530588		444554950		444579346		444603369		444627459		444651475		444675375		444699219		444723068		444746853		444770531		444794150		444817837
427202064		437910334		438507428		444432959		444457493		444481931		444506208		444530596		444554968		444579353		444603377		444627467		444651483		444675383		444699227		444723076		444746861		444770549		444794168		444817845
427203559		437910359		438507469		444432967		444457501		444481949		444506216		444530604		444554976		444579361		444603385		444627475		444651491		444675391		444699235		444723084		444746879		444770556		444794176		444817852
427208616		437910367		438507535		444432975		444457519		444481956		444506224		444530612		444554992		444579379		444603393		444627483		444651509		444675409		444699243		444723092		444746887		444770564		444794184		444817860
427210067		437910391		438507568		444432983		444457527		444481964		444506232		444530620		444555007		444579387		444603401		444627491		444651517		444675417		444699250		444723100		444746895		444770572		444794192		444817878
427211149		437910466		438507618		444432991		444457535		444481980		444506240		444530638		444555015		444579395		444603419		444627509		444651525		444675425		444699268		444723118		444746903		444770580		444794200		444817886
427211800		437910490		438507642		444433007		444457543		444481998		444506257		444530646		444555023		444579403		444603427		444627517		444651533		444675433		444699284		444723126		444746911		444770598		444794218		444817894
427211875		437910557		438507675		444433015		444457550		444482004		444506265		444530653		444555049		444579411		444603435		444627525		444651541		444675441		444699292		444723134		444746929		444770606		444794226		444817902
427213715		437910581		438507774		444433023		444457576		444482020		444506273		444530661		444555056		444579429		444603443		444627533		444651558		444675458		444699300		444723142		444746937		444770614		444794234		444817910
427213889		437910615		438507865		444433031		444457584		444482038		444506281		444530679		444555064		444579437		444603450		444627541		444651566		444675466		444699318		444723159		444746945		444770622		444794242		444817928
427215637		437910656		438507907		444433049		444457592		444482046		444506299		444530687		444555072		444579445		444603468		444627558		444651574		444675474		444699326		444723167		444746952		444770630		444794267		444817936
427216031		437910722		438507931		444433056		444457600		444482053		444506307		444530695		444555080		444579452		444603476		444627566		444651582		444675482		444699334		444723175		444746960		444770648		444794275		444817944
427218003		437910730		438507949		444433064		444457618		444482061		444506315		444530703		444555098		444579460		444603484		444627574		444651590		444675490		444699342		444723183		444746978		444770655		444794283		444817951
427219027		437910813		438508038		444433072		444457626		444482087		444506323		444530711		444555106		444579478		444603492		444627582		444651608		444675508		444699359		444723191		444746986		444770663		444794291		444817969
427225511		437910847		438508053		444433098		444457634		444482095		444506331		444530729		444555122		444579486		444603500		444627590		444651616		444675516		444699367		444723209		444746994		444770671		444794309		444817977
427226170		437910854		438508269		444433106		444457642		444482103		444506349		444530737		444555130		444579494		444603518		444627608		444651624		444675524		444699375		444723217		444747000		444770689		444794317		444817985
427226527		437910912		438508293		444433122		444457659		444482111		444506356		444530745		444555148		444579502		444603526		444627616		444651632		444675532		444699383		444723225		444747018		444770697		444794325		444817993
427227137		437910946		438508368		444433130		444457667		444482129		444506364		444530752		444555155		444579510		444603534		444627624		444651640		444675540		444699391		444723233		444747026		444770705		444794333		444818009
427228200		437910987		438508400		444433148		444457675		444482137		444506372		444530760		444555163		444579528		444603542		444627632		444651657		444675557		444699409		444723241		444747034		444770713		444794341		444818017
427228580		437911019		438508467		444433155		444457683		444482145		444506380		444530778		444555171		444579536		444603559		444627640		444651665		444675565		444699417		444723258		444747042		444770721		444794358		444818025
427229976		437911027		438508541		444433163		444457691		444482152		444506398		444530786		444555189		444579544		444603567		444627657		444651673		444675573		444699425		444723266		444747059		444770739		444794366		444818033
427232277		437911068		438508608		444433171		444457709		444482160		444506406		444530802		444555197		444579551		444603575		444627673		444651681		444675581		444699433		444723274		444747067		444770747		444794374		444818041
427233275		437911076		438508616		444433189		444457717		444482178		444506414		444530810		444555205		444579569		444603583		444627681		444651699		444675599		444699441		444723282		444747075		444770754		444794382		444818058
427235353		437911100		438508665		444433197		444457725		444482186		444506422		444530828		444555213		444579577		444603591		444627699		444651707		444675607		444699458		444723290		444747083		444770762		444794390		444818066
427240254		437911167		438508673		444433205		444457733		444482202		444506430		444530836		444555221		444579585		444603609		444627707		444651715		444675615		444699466		444723308		444747091		444770770		444794408		444818082
427242037		437911209		438508814		444433213		444457741		444482210		444506448		444530844		444555239		444579593		444603617		444627715		444651723		444675623		444699474		444723316		444747109		444770788		444794416		444818090
427243563		437911233		438508871		444433221		444457758		444482228		444506455		444530851		444555247		444579601		444603625		444627723		444651731		444675631		444699482		444723324		444747117		444770796		444794424		444818108
427246806		437911241		438508970		444433239		444457766		444482244		444506463		444530869		444555254		444579619		444603633		444627731		444651749		444675649		444699490		444723332		444747125		444770804		444794432		444818116
427247150		437911274		438509044		444433247		444457774		444482251		444506471		444530877		444555262		444579627		444603641		444627749		444651756		444675656		444699508		444723340		444747133		444770812		444794440		444818124
427248000		437911290		438509119		444433254		444457782		444482269		444506489		444530885		444555270		444579635		444603658		444627756		444651764		444675664		444699516		444723357		444747141		444770820		444794457		444818132
427248521		437911365		438509168		444433262		444457790		444482277		444506497		444530893		444555288		444579643		444603666		444627764		444651772		444675672		444699524		444723365		444747158		444770838		444794465		444818140
427248554		437911639		438509176		444433270		444457808		444482293		444506505		444530901		444555296		444579650		444603674		444627772		444651780		444675680		444699532		444723373		444747166		444770846		444794473		444818157
427248687		437911647		438509184		444433288		444457816		444482301		444506513		444530919		444555304		444579668		444603682		444627780		444651798		444675698		444699540		444723381		444747174		444770853		444794481		444818165
427250022		437911688		438509218		444433296		444457824		444482319		444506521		444530927		444555312		444579676		444603690		444627798		444651806		444675706		444699557		444723399		444747182		444770861		444794499		444818173
427250170		437911738		438509416		444433304		444457832		444482327		444506539		444530935		444555320		444579684		444603708		444627806		444651814		444675714		444699565		444723407		444747190		444770879		444794507		444818181
427251210		437911787		438509457		444433320		444457840		444482335		444506547		444530943		444555338		444579692		444603716		444627814		444651822		444675722		444699573		444723415		444747208		444770887		444794515		444818199
427252648		437911886		438509465		444433338		444457857		444482343		444506554		444530950		444555346		444579700		444603724		444627822		444651830		444675730		444699581		444723423		444747216		444770895		444794523		444818207
427254271		437911936		438509523		444433346		444457865		444482350		444506562		444530968		444555353		444579718		444603732		444627830		444651848		444675748		444699599		444723431		444747224		444770903		444794531		444818215
427254594		437911993		438509671		444433353		444457873		444482368		444506570		444530976		444555361		444579726		444603740		444627848		444651855		444675755		444699607		444723449		444747232		444770911		444794549		444818223
427255039		437912058		438509689		444433361		444457881		444482384		444506588		444530984		444555379		444579734		444603757		444627855		444651863		444675763		444699615		444723456		444747240		444770929		444794556		444818231
427255591		437912074		438509697		444433379		444457907		444482392		444506596		444530992		444555387		444579759		444603765		444627863		444651871		444675771		444699623		444723464		444747257		444770937		444794564		444818249
427256888		437912165		438509747		444433387		444457915		444482400		444506604		444531008		444555395		444579767		444603773		444627871		444651889		444675789		444699631		444723472		444747265		444770945		444794572		444818256
427257266		437912199		438509754		444433395		444457923		444482418		444506612		444531016		444555411		444579775		444603781		444627889		444651897		444675797		444699649		444723480		444747273		444770952		444794580		444818264
427257878		437912249		438509762		444433403		444457931		444482426		444506620		444531024		444555429		444579783		444603799		444627897		444651905		444675805		444699656		444723498		444747281		444770960		444794598		444818272
427258090		437912447		438509895		444433411		444457949		444482434		444506638		444531032		444555437		444579791		444603807		444627905		444651913		444675813		444699664		444723506		444747299		444770978		444794606		444818280
427260260		437912538		438509945		444433429		444457956		444482442		444506646		444531040		444555445		444579809		444603815		444627913		444651921		444675821		444699672		444723514		444747307		444770986		444794614		444818298
427262076		437912678		438510224		444433437		444457964		444482459		444506653		444531057		444555452		444579817		444603823		444627921		444651939		444675839		444699680		444723522		444747315		444770994		444794622		444818306
427263801		437912785		438510307		444433445		444457972		444482467		444506661		444531065		444555460		444579825		444603831		444627939		444651947		444675847		444699698		444723530		444747323		444771000		444794630		444818314
427264403		437912843		438510356		444433452		444457980		444482475		444506679		444531081		444555478		444579833		444603849		444627947		444651954		444675854		444699706		444723548		444747331		444771018		444794648		444818322
427265707		437912959		438510380		444433460		444457998		444482483		444506687		444531099		444555486		444579841		444603856		444627954		444651962		444675862		444699714		444723555		444747349		444771026		444794655		444818330
427269758		437913148		438510430		444433478		444458004		444482491		444506695		444531107		444555494		444579858		444603864		444627962		444651970		444675870		444699722		444723563		444747356		444771034		444794663		444818348
427271945		437913189		438510539		444433486		444458012		444482509		444506703		444531115		444555502		444579866		444603872		444627970		444651988		444675888		444699730		444723571		444747364		444771042		444794671		444818355
427275250		437913338		438510570		444433494		444458020		444482517		444506711		444531123		444555510		444579874		444603880		444627988		444651996		444675896		444699748		444723589		444747372		444771059		444794689		444818363
427276100		437913395		438510588		444433502		444458038		444482525		444506729		444531131		444555528		444579882		444603898		444627996		444652002		444675904		444699755		444723597		444747380		444771067		444794697		444818371
427276837		437913411		438510612		444433510		444458046		444482533		444506737		444531149		444555536		444579890		444603906		444628002		444652010		444675912		444699763		444723605		444747406		444771075		444794705		444818389
427277033		437913510		438510778		444433528		444458053		444482541		444506745		444531156		444555544		444579908		444603914		444628010		444652036		444675920		444699771		444723613		444747414		444771083		444794713		444818397
427277207		437913528		438510810		444433536		444458061		444482558		444506752		444531164		444555551		444579916		444603922		444628028		444652044		444675938		444699789		444723621		444747422		444771091		444794721		444818405
427278783		437913627		438510828		444433544		444458079		444482566		444506760		444531172		444555569		444579924		444603930		444628036		444652051		444675946		444699797		444723639		444747448		444771109		444794739		444818413
427280037		437913643		438510901		444433551		444458087		444482574		444506778		444531180		444555577		444579940		444603948		444628044		444652069		444675953		444699805		444723647		444747455		444771117		444794747		444818421
427280086		437913841		438510950		444433569		444458095		444482582		444506786		444531198		444555585		444579957		444603955		444628051		444652077		444675961		444699813		444723654		444747463		444771125		444794754		444818439
427283403		437913866		438511016		444433577		444458103		444482590		444506794		444531206		444555593		444579965		444603963		444628069		444652085		444675979		444699821		444723662		444747471		444771133		444794762		444818447
427283767		437914021		438511099		444433585		444458111		444482608		444506802		444531214		444555601		444579973		444603971		444628077		444652093		444675987		444699839		444723670		444747489		444771141		444794770		444818454
427283825		437914047		438511123		444433593		444458129		444482616		444506810		444531222		444555619		444579981		444603989		444628085		444652101		444675995		444699847		444723688		444747497		444771158		444794788		444818462
427285465		437914096		438511164		444433601		444458137		444482624		444506828		444531230		444555627		444579999		444603997		444628093		444652119		444676001		444699854		444723696		444747505		444771166		444794796		444818470
427287586		437914104		438511222		444433619		444458145		444482632		444506836		444531248		444555635		444580005		444604003		444628101		444652127		444676019		444699862		444723704		444747513		444771174		444794804		444818488

Total Initial Cut


Loan Number	Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number
427290341		437914203		438511263		444433627		444458152		444482640		444506844		444531255		444555643		444580013		444604011		444628119		444652135		444676027		444699870		444723712		444747521		444771182		444794812		444818496
427294236		437914252		438511354		444433635		444458160		444482657		444506851		444531263		444555650		444580021		444604029		444628127		444652143		444676035		444699888		444723720		444747539		444771190		444794820		444818504
427297189		437914278		438511412		444433643		444458178		444482665		444506869		444531289		444555668		444580039		444604037		444628135		444652150		444676043		444699896		444723738		444747547		444771208		444794838		444818512
427297411		437914328		438511461		444433650		444458186		444482673		444506877		444531297		444555676		444580047		444604045		444628143		444652168		444676050		444699904		444723746		444747554		444771216		444794846		444818520
427298310		437914336		438511503		444433668		444458194		444482681		444506885		444531305		444555684		444580054		444604052		444628150		444652176		444676068		444699912		444723753		444747562		444771224		444794853		444818538
427302666		437914369		438511511		444433676		444458202		444482699		444506893		444531313		444555692		444580062		444604060		444628168		444652184		444676076		444699920		444723761		444747570		444771232		444794861		444818546
427302906		437914377		438511560		444433684		444458210		444482707		444506901		444531321		444555700		444580070		444604078		444628176		444652192		444676084		444699938		444723779		444747588		444771240		444794879		444818553
427305719		437914484		438511685		444433692		444458228		444482715		444506919		444531339		444555718		444580088		444604086		444628184		444652200		444676092		444699946		444723787		444747596		444771257		444794887		444818561
427305784		437914526		438535494		444433700		444458244		444482723		444506927		444531347		444555726		444580096		444604094		444628192		444652218		444676100		444699953		444723795		444747604		444771265		444794895		444818579
427308176		437914559		440631133		444433718		444458251		444482731		444506935		444531354		444555734		444580104		444604102		444628200		444652226		444676118		444699961		444723803		444747612		444771273		444794903		444818587
427309216		437914575		440634343		444433734		444458269		444482749		444506943		444531362		444555742		444580112		444604110		444628218		444652234		444676126		444699979		444723811		444747620		444771281		444794911		444818595
427309372		437914591		440639193		444433742		444458277		444482756		444506950		444531370		444555767		444580120		444604128		444628226		444652242		444676134		444699987		444723829		444747638		444771299		444794929		444818603
427309828		437914625		440641272		444433759		444458285		444482764		444506968		444531388		444555775		444580138		444604136		444628234		444652259		444676142		444699995		444723837		444747646		444771307		444794937		444818611
427309869		437914682		440649127		444433767		444458293		444482772		444506976		444531396		444555783		444580146		444604144		444628242		444652267		444676159		444700009		444723852		444747653		444771315		444794945		444818629
427312194		437914690		440655140		444433775		444458301		444482780		444506984		444531404		444555791		444580153		444604151		444628259		444652275		444676167		444700017		444723860		444747661		444771323		444794952		444818637
427312210		437914815		440683928		444433783		444458319		444482798		444506992		444531412		444555809		444580161		444604169		444628267		444652283		444676175		444700025		444723878		444747679		444771331		444794960		444818645
427313747		437914963		440692333		444433791		444458327		444482814		444507008		444531420		444555817		444580179		444604177		444628275		444652291		444676183		444700033		444723886		444747687		444771349		444794978		444818652
427315429		437915077		440699791		444433809		444458335		444482822		444507016		444531438		444555825		444580187		444604185		444628283		444652309		444676191		444700041		444723894		444747695		444771356		444794986		444818660
427315726		437915085		440727121		444433817		444458343		444482830		444507024		444531446		444555833		444580195		444604193		444628291		444652317		444676209		444700058		444723902		444747703		444771364		444794994		444818678
427316096		437915143		440734556		444433825		444458368		444482848		444507032		444531453		444555841		444580203		444604201		444628309		444652325		444676217		444700066		444723910		444747711		444771372		444795009		444818686
427316211		437915150		440762987		444433833		444458376		444482855		444507040		444531461		444555866		444580211		444604219		444628317		444652333		444676225		444700074		444723928		444747729		444771380		444795017		444818694
427318191		437915267		440880292		444433841		444458384		444482863		444507057		444531479		444555874		444580229		444604227		444628325		444652341		444676233		444700082		444723936		444747737		444771398		444795025		444818702
427320692		437915283		440940831		444433858		444458392		444482871		444507065		444531487		444555882		444580237		444604235		444628333		444652358		444676241		444700090		444723944		444747745		444771406		444795033		444818710
427323381		438244444		440940856		444433866		444458400		444482889		444507073		444531495		444555890		444580245		444604243		444628341		444652366		444676266		444700108		444723951		444747752		444771414		444795041		444818728
427323605		438247249		440965341		444433874		444458418		444482897		444507081		444531503		444555908		444580252		444604250		444628358		444652374		444676274		444700116		444723969		444747760		444771422		444795058		444818736
427326053		438249583		441010113		444433882		444458426		444482905		444507099		444531511		444555916		444580260		444604268		444628366		444652382		444676282		444700124		444723977		444747778		444771430		444795066		444818744
427326558		438253858		441023520		444433890		444458434		444482921		444507107		444531529		444555924		444580278		444604276		444628374		444652390		444676290		444700132		444723985		444747786		444771448		444795074		444818751
427326699		438261927		441034691		444433908		444458442		444482939		444507115		444531537		444555932		444580286		444604284		444628382		444652408		444676308		444700157		444724009		444747794		444771455		444795082		444818769
427327648		438263949		441074697		444433916		444458459		444482947		444507123		444531545		444555940		444580294		444604292		444628390		444652416		444676316		444700165		444724017		444747802		444771463		444795090		444818777
427329966		438268740		441195096		444433924		444458467		444482954		444507131		444531552		444555957		444580302		444604300		444628408		444652424		444676324		444700173		444724025		444747810		444771471		444795108		444818785
427331152		438269391		441659927		444433932		444458475		444482962		444507149		444531560		444555965		444580310		444604318		444628416		444652432		444676332		444700181		444724033		444747828		444771489		444795116		444818793
427333356		438270027		441677663		444433940		444458483		444482970		444507156		444531586		444555973		444580328		444604326		444628424		444652440		444676340		444700199		444724041		444747836		444771497		444795124		444818801
427333950		438271850		441694163		444433957		444458491		444482988		444507164		444531594		444555981		444580336		444604334		444628432		444652457		444676357		444700207		444724058		444747844		444771505		444795132		444818819
427334222		438274789		441699204		444433965		444458509		444482996		444507172		444531602		444555999		444580344		444604342		444628440		444652465		444676365		444700215		444724066		444747851		444771513		444795140		444818827
427334339		438278368		441880531		444433973		444458517		444483002		444507180		444531610		444556005		444580351		444604359		444628457		444652473		444676373		444700223		444724074		444747869		444771521		444795157		444818835
427334438		438279770		441926854		444433981		444458525		444483010		444507198		444531628		444556013		444580369		444604367		444628465		444652481		444676381		444700231		444724082		444747877		444771539		444795165		444818843
427334875		438279945		442055711		444433999		444458533		444483028		444507206		444531636		444556021		444580377		444604375		444628473		444652499		444676399		444700249		444724090		444747885		444771547		444795173		444818850
427335369		438280141		442106118		444434005		444458541		444483036		444507214		444531644		444556039		444580385		444604383		444628481		444652507		444676407		444700256		444724108		444747893		444771554		444795181		444818868
427336698		438285090		442198487		444434013		444458558		444483044		444507222		444531651		444556047		444580393		444604391		444628499		444652515		444676415		444700264		444724116		444747901		444771562		444795199		444818876
427338736		438285652		442278735		444434021		444458566		444483051		444507230		444531669		444556054		444580419		444604409		444628507		444652523		444676423		444700272		444724124		444747919		444771570		444795207		444818884
427339155		438288102		442294690		444434039		444458574		444483077		444507248		444531677		444556062		444580427		444604417		444628515		444652531		444676431		444700280		444724132		444747927		444771596		444795215		444818892
427340302		438289399		442317186		444434047		444458582		444483085		444507255		444531685		444556070		444580435		444604425		444628523		444652549		444676449		444700298		444724140		444747935		444771604		444795223		444818900
427342142		438289613		442320156		444434054		444458590		444483093		444507263		444531693		444556088		444580443		444604433		444628531		444652556		444676456		444700306		444724157		444747943		444771612		444795231		444818918
427343462		438293532		442456828		444434062		444458608		444483101		444507271		444531701		444556096		444580450		444604441		444628549		444652564		444676464		444700314		444724165		444747950		444771620		444795249		444818926
427343470		438293581		442695201		444434070		444458616		444483119		444507289		444531719		444556104		444580468		444604458		444628556		444652572		444676472		444700322		444724173		444747968		444771638		444795256		444818934
427347125		438294043		443068077		444434088		444458624		444483127		444507297		444531727		444556112		444580476		444604466		444628564		444652580		444676480		444700330		444724181		444747976		444771646		444795264		444818942
427347588		438294969		443161617		444434096		444458640		444483135		444507305		444531735		444556120		444580484		444604474		444628572		444652598		444676498		444700348		444724199		444747984		444771653		444795272		444818959
427348826		438295933		443189550		444434104		444458657		444483143		444507313		444531743		444556138		444580492		444604482		444628580		444652606		444676506		444700355		444724207		444747992		444771661		444795280		444818967
427353735		438297384		443216825		444434112		444458665		444483150		444507321		444531750		444556146		444580500		444604490		444628598		444652614		444676514		444700363		444724215		444748008		444771679		444795298		444818975
427356480		438299240		443219829		444434120		444458673		444483168		444507339		444531768		444556153		444580518		444604508		444628606		444652622		444676522		444700371		444724223		444748016		444771687		444795306		444818983
427356589		438301954		443347448		444434138		444458681		444483176		444507347		444531776		444556161		444580526		444604516		444628614		444652630		444676530		444700389		444724231		444748024		444771695		444795314		444818991
427357900		438303513		443464706		444434146		444458699		444483184		444507354		444531784		444556179		444580534		444604524		444628622		444652648		444676548		444700397		444724249		444748032		444771703		444795322		444819007
427357918		438306342		443474838		444434153		444458707		444483192		444507362		444531792		444556187		444580542		444604532		444628630		444652655		444676555		444700405		444724256		444748040		444771711		444795330		444819015
427359211		438308355		443485834		444434161		444458715		444483200		444507370		444531800		444556195		444580559		444604540		444628648		444652663		444676563		444700413		444724264		444748057		444771729		444795348		444819023
427361118		438312613		443487848		444434179		444458723		444483218		444507388		444531818		444556203		444580567		444604557		444628655		444652671		444676571		444700421		444724272		444748065		444771737		444795355		444819031
427363387		438313439		443492418		444434187		444458731		444483226		444507396		444531826		444556211		444580575		444604565		444628663		444652689		444676589		444700439		444724280		444748073		444771745		444795363		444819049
427365689		438314528		443493127		444434195		444458749		444483234		444507412		444531834		444556229		444580583		444604573		444628671		444652697		444676597		444700447		444724298		444748081		444771752		444795371		444819056
427368279		438314544		443504279		444434203		444458756		444483242		444507420		444531842		444556237		444580591		444604581		444628697		444652705		444676605		444700454		444724306		444748099		444771760		444795389		444819064
427371125		438314627		443509096		444434211		444458764		444483259		444507438		444531859		444556245		444580609		444604599		444628705		444652713		444676613		444700462		444724314		444748107		444771778		444795397		444819072
427373196		438317679		443509302		444434229		444458772		444483267		444507446		444531867		444556252		444580617		444604607		444628713		444652721		444676621		444700470		444724322		444748115		444771786		444795405		444819080
427381678		438317810		443510599		444434237		444458780		444483275		444507453		444531875		444556260		444580625		444604615		444628721		444652739		444676639		444700488		444724330		444748123		444771794		444795413		444819098
427382874		438319949		443510938		444434245		444458798		444483283		444507461		444531883		444556278		444580633		444604623		444628739		444652747		444676647		444700496		444724348		444748131		444771802		444795421		444819106
427390166		438323347		443511902		444434252		444458806		444483291		444507479		444531891		444556286		444580641		444604631		444628747		444652754		444676654		444700504		444724355		444748149		444771810		444795439		444819114
427390711		438323438		443532130		444434260		444458814		444483309		444507487		444531909		444556294		444580658		444604649		444628754		444652762		444676662		444700512		444724371		444748156		444771828		444795447		444819122
427391370		438326100		443538574		444434278		444458822		444483317		444507495		444531917		444556302		444580666		444604656		444628762		444652788		444676670		444700520		444724389		444748164		444771836		444795454		444819130
427392139		438327090		443562046		444434286		444458830		444483325		444507511		444531925		444556310		444580674		444604664		444628770		444652796		444676688		444700538		444724397		444748172		444771844		444795462		444819148
427394127		438331803		443564141		444434294		444458848		444483333		444507529		444531933		444556328		444580682		444604672		444628788		444652804		444676696		444700546		444724405		444748180		444771851		444795470		444819155
427397054		438334435		443569595		444434302		444458855		444483341		444507537		444531941		444556336		444580690		444604680		444628796		444652812		444676704		444700553		444724413		444748198		444771869		444795488		444819163
427397328		438334682		443570064		444434310		444458863		444483358		444507545		444531958		444556344		444580708		444604698		444628804		444652820		444676712		444700561		444724421		444748206		444771877		444795496		444819171
427398375		438334864		443570932		444434328		444458871		444483366		444507552		444531966		444556351		444580716		444604706		444628812		444652838		444676720		444700579		444724439		444748214		444771885		444795504		444819189
427398656		438335838		443576210		444434336		444458889		444483374		444507560		444531974		444556369		444580724		444604714		444628820		444652846		444676738		444700587		444724447		444748222		444771893		444795512		444819197
427399936		438336026		443578380		444434344		444458897		444483382		444507578		444531982		444556377		444580732		444604722		444628838		444652853		444676746		444700595		444724454		444748230		444771901		444795520		444819205
427401328		438336158		443578448		444434351		444458905		444483390		444507586		444531990		444556385		444580740		444604730		444628846		444652861		444676753		444700603		444724462		444748248		444771919		444795538		444819213

Total Initial Cut


Loan Number	Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number
427402912		438341620		443581103		444434369		444458913		444483408		444507594		444532006		444556393		444580757		444604748		444628853		444652879		444676761		444700611		444724470		444748255		444771927		444795546		444819221
427403571		438341661		443584768		444434377		444458921		444483416		444507602		444532014		444556401		444580765		444604755		444628861		444652887		444676779		444700629		444724488		444748263		444771935		444795553		444819239
427404215		438341703		443585245		444434385		444458939		444483424		444507610		444532022		444556419		444580773		444604763		444628879		444652895		444676787		444700637		444724496		444748271		444771943		444795561		444819247
427406335		438343519		443587373		444434393		444458947		444483432		444507628		444532030		444556427		444580781		444604771		444628887		444652903		444676795		444700645		444724504		444748289		444771950		444795579		444819254
427408802		438343527		443588991		444434401		444458954		444483440		444507636		444532048		444556435		444580799		444604789		444628895		444652911		444676803		444700652		444724512		444748297		444771968		444795587		444819262
427411624		438344152		443589072		444434419		444458962		444483457		444507644		444532055		444556443		444580807		444604797		444628903		444652929		444676811		444700660		444724520		444748305		444771976		444795595		444819270
427414271		438345563		443589593		444434427		444458970		444483465		444507651		444532063		444556450		444580815		444604805		444628911		444652937		444676829		444700678		444724538		444748313		444771984		444795603		444819288
427417555		438346983		443592050		444434435		444458988		444483473		444507669		444532071		444556468		444580823		444604813		444628937		444652945		444676837		444700686		444724546		444748321		444771992		444795611		444819296
427418579		438348005		443593058		444434443		444458996		444483481		444507677		444532089		444556476		444580831		444604821		444628945		444652952		444676845		444700694		444724553		444748339		444772008		444795629		444819304
427419627		438348161		443593322		444434450		444459002		444483499		444507685		444532105		444556484		444580856		444604839		444628952		444652960		444676852		444700702		444724561		444748347		444772016		444795637		444819312
427420575		438348310		443593355		444434468		444459028		444483507		444507693		444532113		444556492		444580864		444604847		444628960		444652978		444676860		444700710		444724579		444748354		444772024		444795645		444819320
427423462		438350894		443594114		444434476		444459036		444483515		444507701		444532121		444556500		444580872		444604854		444628978		444652986		444676878		444700728		444724587		444748362		444772032		444795652		444819338
427424395		438351520		443598982		444434484		444459044		444483523		444507719		444532139		444556518		444580880		444604862		444628994		444652994		444676886		444700736		444724595		444748370		444772040		444795660		444819346
427424817		438351629		443599774		444434492		444459069		444483531		444507727		444532147		444556526		444580898		444604870		444629000		444653018		444676894		444700744		444724603		444748388		444772057		444795678		444819353
427425368		438351975		443600499		444434500		444459077		444483549		444507735		444532154		444556534		444580906		444604888		444629018		444653026		444676902		444700751		444724611		444748396		444772065		444795686		444819361
427427968		438352692		443600721		444434518		444459085		444483556		444507743		444532162		444556542		444580914		444604896		444629026		444653034		444676910		444700769		444724629		444748404		444772073		444795694		444819379
427429303		438353476		443604822		444434526		444459093		444483564		444507750		444532170		444556567		444580922		444604904		444629034		444653042		444676928		444700777		444724637		444748412		444772081		444795702		444819387
427433727		438353500		443606504		444434534		444459101		444483572		444507768		444532188		444556575		444580930		444604912		444629042		444653059		444676936		444700785		444724645		444748420		444772099		444795710		444819395
427434675		438353831		443607221		444434542		444459119		444483580		444507776		444532196		444556583		444580948		444604920		444629059		444653067		444676944		444700793		444724652		444748438		444772107		444795728		444819403
427436803		438358186		443609722		444434559		444459127		444483598		444507784		444532204		444556591		444580955		444604938		444629067		444653075		444676951		444700801		444724660		444748446		444772115		444795736		444819411
427437264		438358590		443611173		444434567		444459135		444483606		444507792		444532212		444556609		444580963		444604946		444629075		444653083		444676969		444700819		444724678		444748453		444772123		444795744		444819429
427439666		438359051		443615570		444434583		444459143		444483614		444507800		444532220		444556617		444580971		444604953		444629083		444653091		444676985		444700827		444724686		444748461		444772131		444795751		444819437
427439815		438359317		443617261		444434591		444459168		444483622		444507818		444532238		444556625		444580989		444604961		444629091		444653109		444676993		444700835		444724694		444748479		444772149		444795769		444819445
427441621		438359986		443617311		444434609		444459176		444483630		444507826		444532246		444556633		444580997		444604979		444629109		444653117		444677009		444700850		444724702		444748487		444772156		444795777		444819452
427443999		438362204		443618251		444434617		444459184		444483648		444507834		444532253		444556641		444581003		444604987		444629117		444653125		444677017		444700868		444724710		444748495		444772164		444795785		444819460
427449186		438363319		443627187		444434625		444459192		444483655		444507842		444532261		444556658		444581011		444604995		444629125		444653133		444677025		444700876		444724728		444748503		444772172		444795793		444819478
427451745		438365587		443628680		444434633		444459200		444483663		444507859		444532279		444556666		444581029		444605000		444629133		444653141		444677033		444700884		444724736		444748511		444772180		444795801		444819486
427452347		438366437		443633896		444434641		444459218		444483671		444507867		444532287		444556674		444581037		444605018		444629141		444653158		444677041		444700892		444724744		444748529		444772198		444795819		444819494
427456462		438366536		443634258		444434658		444459226		444483697		444507875		444532295		444556682		444581045		444605026		444629158		444653166		444677058		444700900		444724751		444748537		444772206		444795827		444819502
427457429		438368342		443635073		444434666		444459234		444483705		444507883		444532311		444556690		444581052		444605034		444629166		444653174		444677066		444700918		444724769		444748545		444772214		444795835		444819510
427457577		438371080		443636105		444434674		444459242		444483713		444507891		444532329		444556708		444581060		444605059		444629174		444653182		444677074		444700926		444724777		444748552		444772222		444795843		444819528
427457684		438371569		443642772		444434682		444459259		444483721		444507909		444532337		444556716		444581078		444605067		444629182		444653190		444677082		444700934		444724785		444748560		444772230		444795850		444819536
427458369		438371957		443644976		444434690		444459267		444483739		444507917		444532345		444556724		444581086		444605075		444629190		444653208		444677090		444700942		444724793		444748578		444772248		444795868		444819544
427458872		438374258		443648332		444434708		444459275		444483747		444507925		444532352		444556732		444581094		444605083		444629208		444653216		444677108		444700959		444724801		444748586		444772255		444795876		444819551
427460696		438375032		443654165		444434716		444459283		444483754		444507933		444532360		444556740		444581102		444605091		444629216		444653224		444677116		444700967		444724819		444748594		444772263		444795884		444819569
427463195		438378119		443654447		444434724		444459291		444483762		444507941		444532378		444556757		444581110		444605109		444629224		444653232		444677124		444700975		444724827		444748602		444772271		444795892		444819577
427466016		438378978		443655303		444434740		444459309		444483770		444507958		444532386		444556765		444581128		444605117		444629232		444653240		444677132		444700983		444724835		444748610		444772289		444795900		444819585
427467006		438379166		443658430		444434757		444459317		444483788		444507966		444532394		444556773		444581136		444605125		444629240		444653257		444677140		444700991		444724843		444748628		444772297		444795918		444819593
427467402		438381048		443660279		444434765		444459341		444483804		444507974		444532402		444556799		444581144		444605133		444629257		444653265		444677157		444701015		444724850		444748636		444772305		444795926		444819601
427469606		438381840		443660857		444434773		444459358		444483812		444507982		444532410		444556807		444581151		444605141		444629265		444653273		444677165		444701023		444724868		444748644		444772313		444795942		444819619
427472014		438385288		443672001		444434781		444459366		444483820		444507990		444532428		444556815		444581169		444605158		444629273		444653281		444677173		444701031		444724876		444748651		444772321		444795959		444819627
427474317		438385783		443683461		444434799		444459374		444483838		444508006		444532436		444556823		444581177		444605166		444629281		444653299		444677181		444701049		444724884		444748669		444772339		444795967		444819635
427478177		438386039		443683545		444434807		444459382		444483846		444508014		444532451		444556831		444581185		444605174		444629299		444653307		444677199		444701056		444724892		444748677		444772347		444795975		444819643
427478516		438386302		443689153		444434823		444459390		444483853		444508022		444532469		444556849		444581193		444605182		444629307		444653315		444677207		444701064		444724900		444748685		444772354		444795983		444819650
427478839		438388522		443689880		444434831		444459408		444483861		444508030		444532477		444556856		444581201		444605190		444629315		444653323		444677215		444701072		444724918		444748693		444772362		444795991		444819668
427479399		438388647		443691894		444434849		444459416		444483879		444508048		444532485		444556864		444581219		444605208		444629323		444653331		444677223		444701080		444724926		444748701		444772370		444796007		444819676
427482625		438388787		443704432		444434856		444459424		444483887		444508055		444532493		444556872		444581227		444605216		444629331		444653349		444677231		444701098		444724934		444748719		444772388		444796015		444819684
427482674		438389769		443704648		444434864		444459432		444483895		444508063		444532501		444556880		444581235		444605224		444629349		444653356		444677249		444701106		444724942		444748727		444772396		444796023		444819692
427483631		438390171		443709290		444434872		444459440		444483903		444508071		444532519		444556898		444581243		444605232		444629356		444653364		444677256		444701114		444724959		444748735		444772404		444796031		444819700
427484670		438390692		443712468		444434880		444459457		444483911		444508089		444532527		444556914		444581250		444605240		444629364		444653372		444677264		444701122		444724967		444748743		444772412		444796049		444819718
427485594		438390759		443717350		444434898		444459465		444483929		444508097		444532535		444556922		444581268		444605257		444629372		444653380		444677272		444701130		444724975		444748750		444772420		444796056		444819726
427485800		438390890		443722020		444434906		444459473		444483945		444508105		444532543		444556930		444581276		444605265		444629380		444653398		444677280		444701148		444724983		444748768		444772438		444796064		444819734
427488556		438391104		443732102		444434914		444459499		444483952		444508113		444532550		444556948		444581284		444605273		444629398		444653406		444677298		444701155		444724991		444748776		444772446		444796072		444819742
427488895		438392326		443735956		444434922		444459507		444483960		444508121		444532568		444556963		444581292		444605281		444629406		444653414		444677306		444701163		444725006		444748784		444772453		444796080		444819759
427494620		438392870		443741756		444434930		444459515		444483978		444508139		444532576		444556971		444581300		444605299		444629414		444653422		444677314		444701171		444725014		444748792		444772461		444796098		444819767
427495981		438392920		443746250		444434948		444459523		444483986		444508147		444532584		444556989		444581318		444605307		444629422		444653430		444677322		444701189		444725022		444748800		444772479		444796106		444819775
427496534		438393316		443753744		444434955		444459531		444483994		444508154		444532592		444556997		444581326		444605315		444629430		444653448		444677330		444701197		444725030		444748818		444772487		444796114		444819783
427497680		438393597		443756655		444434963		444459549		444484000		444508162		444532600		444557003		444581334		444605323		444629448		444653455		444677348		444701205		444725048		444748826		444772495		444796122		444819791
427498720		438394264		443756846		444434971		444459556		444484018		444508170		444532618		444557011		444581342		444605331		444629455		444653463		444677363		444701213		444725055		444748834		444772503		444796130		444819809
427499066		438394280		443760913		444434989		444459564		444484026		444508204		444532626		444557029		444581359		444605349		444629463		444653471		444677371		444701221		444725063		444748842		444772511		444796148		444819817
427501606		438394348		443761580		444434997		444459572		444484034		444508212		444532634		444557037		444581367		444605356		444629471		444653489		444677389		444701239		444725071		444748859		444772529		444796155		444819825
427502000		438394462		443766209		444435002		444459580		444484042		444508220		444532642		444557045		444581375		444605364		444629489		444653497		444677397		444701247		444725089		444748867		444772537		444796163		444819833
427502026		438394496		443766670		444435010		444459598		444484059		444508238		444532659		444557052		444581383		444605372		444629497		444653505		444677405		444701254		444725097		444748875		444772545		444796171		444819841
427502919		438394934		443767132		444435028		444459606		444484067		444508246		444532667		444557060		444581391		444605380		444629505		444653513		444677413		444701262		444725105		444748883		444772552		444796189		444819858
427503636		438395121		443772280		444435036		444459614		444484075		444508253		444532675		444557078		444581409		444605398		444629513		444653521		444677421		444701270		444725113		444748891		444772560		444796197		444819866
427506563		438395303		443775275		444435044		444459622		444484083		444508261		444532683		444557086		444581417		444605406		444629521		444653539		444677439		444701288		444725121		444748909		444772578		444796205		444819874
427508486		438395584		443775655		444435051		444459630		444484091		444508279		444532691		444557094		444581425		444605414		444629539		444653547		444677447		444701296		444725139		444748917		444772586		444796213		444819882
427511845		438395733		443776323		444435069		444459648		444484109		444508287		444532709		444557102		444581433		444605422		444629547		444653554		444677454		444701304		444725147		444748925		444772594		444796221		444819890
427512736		438395782		443779079		444435077		444459655		444484117		444508295		444532717		444557128		444581441		444605430		444629554		444653562		444677462		444701312		444725154		444748933		444772602		444796239		444819908
427513536		438395816		443784608		444435085		444459663		444484125		444508303		444532725		444557136		444581458		444605448		444629562		444653570		444677470		444701320		444725162		444748941		444772610		444796247		444819916
427514104		438396756		443787163		444435093		444459671		444484133		444508311		444532733		444557144		444581466		444605455		444629570		444653588		444677488		444701338		444725170		444748958		444772628		444796254		444819924
427514856		438397077		443789060		444435101		444459689		444484141		444508329		444532741		444557151		444581474		444605463		444629588		444653596		444677496		444701353		444725188		444748966		444772636		444796262		444819932
427515994		438397499		443790456		444435127		444459697		444484158		444508337		444532758		444557169		444581482		444605471		444629596		444653604		444677504		444701361		444725196		444748974		444772644		444796270		444819940

Total Initial Cut


Loan Number	Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number
427517495		438397978		443790753		444435135		444459705		444484166		444508345		444532766		444557177		444581490		444605489		444629604		444653612		444677512		444701379		444725204		444748982		444772651		444796288		444819957
427518428		438398042		443800545		444435150		444459713		444484174		444508352		444532774		444557185		444581508		444605497		444629612		444653620		444677520		444701387		444725220		444748990		444772669		444796296		444819965
427518592		438398075		443802814		444435168		444459721		444484182		444508360		444532782		444557193		444581516		444605505		444629620		444653638		444677538		444701395		444725238		444749006		444772677		444796304		444819973
427520630		438398109		443809082		444435176		444459739		444484190		444508378		444532790		444557201		444581524		444605513		444629638		444653646		444677546		444701403		444725246		444749014		444772685		444796312		444819981
427522149		438398158		443809108		444435184		444459747		444484208		444508386		444532808		444557219		444581532		444605521		444629646		444653653		444677553		444701411		444725253		444749022		444772693		444796320		444819999
427522651		438398174		443809124		444435200		444459754		444484216		444508394		444532816		444557227		444581540		444605539		444629653		444653661		444677561		444701429		444725261		444749030		444772701		444796338		444820005
427523279		438398182		443809447		444435218		444459762		444484224		444508402		444532824		444557235		444581557		444605554		444629661		444653679		444677579		444701437		444725279		444749048		444772719		444796346		444820013
427525431		438398547		443810791		444435226		444459770		444484232		444508410		444532832		444557243		444581565		444605562		444629679		444653687		444677587		444701445		444725287		444749055		444772727		444796353		444820021
427526249		438398620		443818794		444435234		444459788		444484240		444508428		444532840		444557250		444581573		444605570		444629687		444653695		444677595		444701452		444725295		444749063		444772735		444796361		444820039
427527965		438398638		443818893		444435242		444459796		444484257		444508436		444532857		444557268		444581581		444605588		444629695		444653703		444677603		444701460		444725303		444749071		444772743		444796379		444820047
427530654		438398786		443832175		444435259		444459804		444484265		444508444		444532865		444557276		444581599		444605596		444629703		444653711		444677611		444701478		444725311		444749089		444772750		444796387		444820054
427532908		438398828		443834999		444435275		444459812		444484273		444508451		444532873		444557284		444581607		444605604		444629711		444653729		444677629		444701486		444725329		444749097		444772768		444796395		444820062
427533047		438398844		443836846		444435291		444459820		444484281		444508469		444532881		444557292		444581615		444605612		444629729		444653737		444677637		444701494		444725337		444749105		444772776		444796403		444820070
427533740		438398976		443842067		444435309		444459838		444484299		444508477		444532899		444557300		444581623		444605620		444629737		444653745		444677645		444701502		444725345		444749113		444772784		444796411		444820088
427536396		438398984		443842265		444435317		444459846		444484307		444508485		444532907		444557318		444581631		444605638		444629745		444653752		444677652		444701510		444725352		444749121		444772792		444796429		444820096
427536537		438399032		443843032		444435325		444459853		444484315		444508493		444532915		444557326		444581649		444605646		444629752		444653760		444677660		444701528		444725360		444749139		444772800		444796437		444820104
427536966		438399156		443844964		444435333		444459879		444484323		444508501		444532923		444557334		444581656		444605653		444629760		444653778		444677678		444701536		444725378		444749147		444772818		444796445		444820112
427537899		438399164		443851076		444435341		444459887		444484331		444508519		444532931		444557342		444581664		444605661		444629778		444653786		444677686		444701544		444725386		444749154		444772826		444796452		444820120
427539341		438399206		443851621		444435358		444459895		444484349		444508527		444532949		444557359		444581672		444605679		444629786		444653794		444677694		444701551		444725394		444749162		444772834		444796460		444820138
427540331		438399313		443859913		444435366		444459903		444484356		444508535		444532956		444557367		444581680		444605687		444629794		444653802		444677702		444701569		444725402		444749170		444772842		444796478		444820146
427541958		438399339		443863964		444435374		444459911		444484364		444508543		444532964		444557375		444581698		444605695		444629802		444653810		444677710		444701577		444725410		444749188		444772859		444796486		444820153
427547823		438399396		443884242		444435382		444459929		444484372		444508550		444532972		444557383		444581706		444605703		444629810		444653828		444677728		444701585		444725428		444749196		444772867		444796494		444820161
427551262		438399446		443894308		444435390		444459937		444484380		444508568		444532980		444557391		444581714		444605711		444629828		444653836		444677736		444701593		444725436		444749204		444772875		444796502		444820179
427561287		438399453		443897475		444435408		444459945		444484398		444508576		444532998		444557409		444581722		444605729		444629836		444653844		444677744		444701601		444725444		444749212		444772883		444796510		444820187
427562558		438399479		443900410		444435416		444459952		444484406		444508584		444533004		444557417		444581730		444605737		444629844		444653851		444677751		444701619		444725451		444749220		444772891		444796528		444820195
427562749		438399503		443913900		444435424		444459960		444484414		444508592		444533012		444557425		444581748		444605745		444629851		444653869		444677769		444701627		444725469		444749238		444772909		444796536		444820203
427565882		438399537		443920061		444435432		444459978		444484422		444508600		444533020		444557433		444581755		444605752		444629869		444653877		444677777		444701635		444725477		444749246		444772917		444796544		444820211
427565965		438399644		443920723		444435440		444459986		444484430		444508618		444533038		444557441		444581763		444605760		444629877		444653885		444677785		444701643		444725485		444749253		444772925		444796551		444820229
427567383		438399727		443925888		444435457		444459994		444484448		444508626		444533053		444557458		444581771		444605778		444629885		444653893		444677793		444701650		444725493		444749261		444772933		444796569		444820237
427568852		438399834		443928361		444435465		444460000		444484455		444508634		444533061		444557466		444581789		444605786		444629893		444653901		444677801		444701668		444725501		444749279		444772941		444796577		444820245
427574181		438399867		443936885		444435473		444460018		444484463		444508642		444533079		444557474		444581797		444605794		444629901		444653919		444677819		444701676		444725519		444749287		444772958		444796585		444820252
427575691		438399909		443938139		444435481		444460026		444484471		444508659		444533087		444557482		444581805		444605802		444629919		444653927		444677827		444701684		444725527		444749295		444772966		444796593		444820260
427577143		438399941		443939384		444435507		444460034		444484489		444508667		444533095		444557490		444581813		444605810		444629927		444653935		444677835		444701692		444725535		444749303		444772974		444796601		444820278
427579693		438399958		443941208		444435515		444460042		444484497		444508675		444533103		444557508		444581821		444605828		444629935		444653943		444677843		444701700		444725543		444749311		444772982		444796619		444820286
427580832		438399990		443945407		444435523		444460059		444484505		444508683		444533111		444557516		444581839		444605836		444629950		444653950		444677850		444701718		444725550		444749329		444772990		444796627		444820294
427581392		438400012		443957519		444435531		444460067		444484513		444508691		444533129		444557524		444581847		444605844		444629968		444653968		444677868		444701726		444725568		444749337		444773006		444796635		444820302
427582713		438400251		443973243		444435549		444460075		444484521		444508709		444533137		444557532		444581854		444605851		444629976		444653976		444677876		444701734		444725576		444749345		444773014		444796643		444820310
427585278		438400319		443975149		444435556		444460083		444484539		444508717		444533145		444557540		444581862		444605869		444629984		444653984		444677884		444701742		444725584		444749352		444773022		444796650		444820328
427586599		438400418		443993316		444435564		444460091		444484547		444508725		444533152		444557557		444581870		444605877		444629992		444653992		444677892		444701759		444725592		444749360		444773030		444796668		444820336
427588934		438400483		444004816		444435572		444460109		444484554		444508733		444533160		444557565		444581888		444605885		444630008		444654008		444677900		444701767		444725600		444749378		444773048		444796676		444820344
427589692		438400541		444008718		444435580		444460117		444484562		444508741		444533186		444557573		444581896		444605893		444630016		444654016		444677918		444701775		444725618		444749386		444773055		444796684		444820351
427590765		438400640		444008940		444435598		444460125		444484570		444508758		444533194		444557581		444581904		444605901		444630024		444654024		444677926		444701783		444725626		444749394		444773063		444796692		444820369
427591144		438400731		444010151		444435606		444460133		444484588		444508766		444533202		444557599		444581912		444605927		444630032		444654032		444677934		444701791		444725634		444749402		444773071		444796700		444820377
427592019		438400749		444039705		444435614		444460141		444484596		444508774		444533210		444557607		444581920		444605935		444630040		444654040		444677942		444701809		444725642		444749410		444773089		444796718		444820385
427592522		438400871		444040802		444435622		444460158		444484604		444508782		444533228		444557615		444581938		444605943		444630057		444654057		444677959		444701817		444725659		444749428		444773097		444796726		444820393
427593280		438400905		444072565		444435630		444460166		444484612		444508790		444533236		444557623		444581946		444605950		444630065		444654065		444677967		444701825		444725667		444749436		444773105		444796734		444820401
427594361		438400954		444095327		444435648		444460174		444484620		444508808		444533244		444557631		444581953		444605968		444630073		444654073		444677975		444701833		444725675		444749444		444773113		444796742		444820419
427594601		438400988		444096085		444435655		444460182		444484638		444508816		444533251		444557649		444581961		444605976		444630081		444654081		444677983		444701841		444725683		444749451		444773121		444796759		444820427
427598164		438401002		444096788		444435663		444460190		444484646		444508824		444533269		444557656		444581979		444605984		444630099		444654099		444677991		444701858		444725691		444749469		444773139		444796767		444820435
427598354		438401085		444096960		444435671		444460208		444484661		444508832		444533277		444557664		444581987		444605992		444630107		444654107		444678007		444701866		444725709		444749477		444773147		444796775		444820443
427599667		438401127		444097083		444435689		444460216		444484679		444508840		444533285		444557672		444581995		444606008		444630115		444654115		444678015		444701882		444725717		444749485		444773154		444796783		444820450
427603139		438401309		444106181		444435697		444460224		444484687		444508857		444533301		444557680		444582001		444606016		444630123		444654123		444678023		444701890		444725725		444749493		444773162		444796809		444820468
427603345		438401358		444111280		444435705		444460232		444484695		444508873		444533319		444557698		444582019		444606024		444630131		444654131		444678031		444701908		444725733		444749501		444773170		444796817		444820476
427603840		438401457		444111371		444435713		444460240		444484703		444508881		444533327		444557706		444582027		444606032		444630149		444654149		444678049		444701916		444725741		444749519		444773188		444796825		444820484
427606322		438401481		444112890		444435739		444460257		444484711		444508899		444533335		444557714		444582035		444606040		444630156		444654156		444678056		444701924		444725758		444749527		444773196		444796833		444820492
427606801		438401564		444113013		444435747		444460265		444484729		444508907		444533343		444557722		444582043		444606057		444630164		444654164		444678064		444701932		444725766		444749535		444773204		444796841		444820500
427607064		438401572		444113963		444435754		444460273		444484737		444508915		444533350		444557730		444582050		444606065		444630172		444654172		444678072		444701940		444725774		444749543		444773212		444796858		444820518
427607924		438401606		444114243		444435762		444460281		444484745		444508923		444533368		444557748		444582068		444606073		444630180		444654180		444678080		444701957		444725782		444749550		444773220		444796866		444820526
427608930		438401622		444119135		444435770		444460299		444484752		444508931		444533376		444557755		444582076		444606081		444630198		444654198		444678098		444701965		444725790		444749568		444773238		444796874		444820534
427610738		438401689		444122899		444435788		444460307		444484760		444508949		444533384		444557771		444582084		444606099		444630206		444654206		444678106		444701973		444725808		444749576		444773246		444796882		444820542
427614391		438401697		444123319		444435796		444460315		444484778		444508956		444533392		444557789		444582092		444606107		444630214		444654214		444678114		444701981		444725816		444749584		444773253		444796890		444820559
427614508		438401705		444124960		444435804		444460323		444484786		444508964		444533400		444557797		444582100		444606115		444630222		444654222		444678122		444701999		444725824		444749592		444773261		444796908		444820567
427617386		438401788		444125777		444435812		444460331		444484794		444508972		444533418		444557805		444582118		444606123		444630230		444654230		444678130		444702005		444725832		444749600		444773279		444796916		444820575
427617923		438401796		444125827		444435820		444460349		444484802		444508980		444533426		444557813		444582126		444606131		444630248		444654248		444678148		444702013		444725840		444749618		444773287		444796924		444820583
427619853		438401820		444128094		444435838		444460356		444484810		444508998		444533434		444557821		444582134		444606149		444630255		444654255		444678155		444702021		444725857		444749626		444773295		444796932		444820591
427620026		438401861		444129514		444435846		444460364		444484828		444509004		444533442		444557839		444582142		444606156		444630263		444654263		444678163		444702039		444725865		444749634		444773303		444796940		444820609
427620117		438401879		444130538		444435853		444460372		444484836		444509012		444533459		444557854		444582159		444606164		444630271		444654271		444678171		444702047		444725873		444749642		444773311		444796957		444820617
427620125		438402042		444130637		444435861		444460398		444484844		444509020		444533467		444557870		444582167		444606172		444630289		444654289		444678189		444702054		444725881		444749659		444773329		444796965		444820625
427620638		438402067		444131072		444435879		444460406		444484851		444509038		444533475		444557888		444582175		444606180		444630297		444654297		444678197		444702062		444725899		444749667		444773337		444796973		444820633
427621339		438402083		444132377		444435887		444460414		444484869		444509046		444533483		444557896		444582183		444606198		444630305		444654305		444678205		444702070		444725907		444749675		444773345		444796981		444820641
427621834		438402117		444136030		444435895		444460422		444484877		444509053		444533491		444557904		444582191		444606206		444630313		444654313		444678213		444702088		444725915		444749683		444773352		444796999		444820658
427622279		438402166		444139232		444435903		444460430		444484885		444509061		444533509		444557912		444582209		444606214		444630321		444654321		444678221		444702096		444725923		444749691		444773360		444797005		444820666
427622626		438402174		444145122		444435911		444460455		444484893		444509079		444533517		444557920		444582217		444606222		444630339		444654339		444678239		444702104		444725931		444749709		444773378		444797013		444820674

Total Initial Cut


Loan Number	Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number		Loan Number
427622980		438402216		444148951		444435929		444460463		444484901		444509087		444533525		444557938		444582225		444606230		444630347		444654347		444678247		444702112		444725949		444749717		444773386		444797021		444820682
427626122		438402224		444150312		444435937		444460471		444484919		444509095		444533533		444557946		444582233		444606248		444630354		444654354		444678254		444702120		444725956		444749725		444773394		444797039		444820690
427626759		438402257		444151914		444435945		444460489		444484927		444509111		444533541		444557953		444582241		444606255		444630362		444654362		444678262		444702138		444725964		444749733		444773402		444797047		444820708
427628078		438402331		444159602		444435952		444460497		444484935		444509129		444533558		444557961		444582258		444606263		444630370		444654370		444678270		444702146		444725972		444749741		444773410		444797054		444820716
427628128		438402364		444162028		444435960		444460505		444484943		444509137		444533566		444557979		444582266		444606289		444630388		444654388		444678288		444702153		444725980		444749758		444773428		444797062		444820724
427628136		438402422		444163273		444435978		444460513		444484950		444509145		444533574		444557987		444582274		444606305		444630396		444654396		444678296		444702161		444725998		444749766		444773436		444797070		444820732
427630074		438402448		444170377		444435986		444460521		444484968		444509152		444533582		444557995		444582282		444606313		444630404		444654404		444678304		444702179		444726004		444749774		444773444		444797088		444820740
427631478		438402521		444170955		444435994		444460539		444484976		444509160		444533590		444558001		444582290		444606321		444630412		444654412		444678312		444702187		444726012		444749782		444773451		444797096		444820757
427634399		438402547		444171524		444436000		444460547		444484984		444509178		444533608		444558019		444582308		444606339		444630420		444654420		444678320		444702195		444726020		444749790		444773469		444797104		444820765
427634712		438402612		444173405		444436018		444460554		444484992		444509186		444533616		444558027		444582316		444606347		444630438		444654438		444678338		444702203		444726038		444749808		444773477		444797112		444820773
427636337		438402679		444173579		444436026		444460562		444485007		444509194		444533624		444558035		444582324		444606354		444630446		444654446		444678353		444702211		444726046		444749816		444773485		444797120		444820781
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SALE AND SERVICING AGREEMENT among AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2011-1, Issuer, AFS SENSUB CORP., Seller, AMERICREDIT FINANCIAL SERVICES, INC., Servicer, and WELLS FARGO BANK, NATIONAL ASSOCIATION, Backup Servicer and Trust Collateral...

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