Common use of Certain Reimbursements to the Servicer Clause in Contracts

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 6.8 upon certification by the Servicer of such amounts and the provision of such information to the Administrative Agent as may be necessary in the opinion of the Administrative Agent to verify the accuracy of such certification. In the event that the Administrative Agent has not received evidence satisfactory to it of the Servicer's entitlement to reimbursement pursuant to this Section, the Administrative Agent shall give notice to such effect.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Americredit Corp), Sale and Servicing Agreement (Americredit Corp)

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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 6.8 upon certification by the Servicer of ----------- such amounts and the provision of such information to the Administrative Agent as may be necessary in the opinion of the Administrative Agent to verify the accuracy of such certification. In the event that the Administrative Agent has not received evidence satisfactory to it of the Servicer's entitlement to reimbursement pursuant to this Section, the Administrative Agent shall give notice to such effect.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Americredit Corp)

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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 6.8 upon certification by the Servicer of such amounts and the provision of such information to the Administrative Funding Agent as may be necessary in the opinion of the Administrative Funding Agent to verify the accuracy of such certification. In the event that the Administrative Funding Agent has not received evidence satisfactory to it of the Servicer's entitlement to reimbursement pursuant to this Section, the Administrative Funding Agent shall give notice to such effect.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Americredit Corp)

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