Examples of AFS Funding in a sentence
With respect to each Receivable for which the Lien Certificate has not yet been returned from the Registrar of Titles, AmeriCredit has received written evidence from the related Dealer that such Lien Certificate showing AmeriCredit as first lienholder has been applied for and AmeriCredit's security interest has been validly assigned by AmeriCredit either (A) to AFS Funding or (B) to CP Funding and by CP Funding to AFS Funding pursuant to this Agreement.
The Seller intends to convey the Certificates to its Affiliate, AFS Funding Trust, a Delaware business trust.
Each Receivable was originated by a ----------------------------- Dealer and was sold by the Dealer to AmeriCredit and by AmeriCredit either (A) to AFS Funding Corp.
By the Closing Date or Subsequent Transfer Date, as --------------- applicable, AmeriCredit will have caused the portions of the Electronic Ledger relating to the Receivables to be clearly and unambiguously marked to show that the Receivables have been sold to AFS Funding by either AmeriCredit or CP Funding and resold by the AFS Funding to the Trust in accordance with the terms of the Sale and Servicing Agreement.
All filings (including, without limitation, UCC ---------------- filings) required to be made by any Person and actions required to be taken or performed by any Person in any jurisdiction to give AFS Funding a first priority perfected lien on, or ownership interest in, the Receivables and the proceeds thereof and the Other Conveyed Property have been made, taken or performed.
Immediately after the sale, transfer and assignment thereof by AmeriCredit to AFS Funding, each Receivable will be secured by an enforceable and perfected first priority security interest in the Financed Vehicle in favor of AFS Funding as secured party, which security interest is prior to all other Liens upon and security interests in such Financed Vehicle which now exist or may hereafter arise or be created (except, as to priority, for any lien for taxes, labor or materials affecting a Financed Vehicle).
With respect to each Receivable for which the Lien Certificate has not yet been returned from the Registrar of Titles, AmeriCredit has applied for or received written evidence from the related Dealer or Third-Party Lender that such Lien Certificate showing AmeriCredit as first lienholder has been applied for and AmeriCredit's security interest has been validly assigned by AmeriCredit to AFS Funding pursuant to this Agreement.
By the Closing Date or Subsequent Transfer Date, as applicable, AmeriCredit will have caused the portions of the Electronic Ledger relating to the Receivables to be clearly and unambiguously marked to show that the Receivables have been sold to AFS Funding by AmeriCredit and resold by the AFS Funding to the Trust in accordance with the terms of the Sale and Servicing Agreement.
The Computer Tape made available by AmeriCredit to AFS Funding and to the Trust on the Closing Date or Subsequent Transfer Date, as applicable, was complete and accurate as of the related Cutoff Date and includes a description of the same Receivables that are described in the Schedule of Receivables.
Immediately prior to the conveyance of the Receivables to AFS Funding pursuant to this Agreement or Subsequent Purchase Agreement, as applicable, AmeriCredit was the sole owner thereof and had good and indefeasible title thereto, free of any Lien and, upon execution and delivery of this Agreement by AmeriCredit, AFS Funding shall have good and indefeasible title to and will be the sole owner of such Receivables, free of any Lien.