Charge-Offs. Any dispute as to whether a Charge-Off of a Shared-Loss Asset was made in accordance with the Examination Criteria shall be finally resolved by the Assuming Institution’s Chartering Authority.
Charge-Offs. It is AmeriCredit’s policy that any account that is not successfully recovered by 120 days delinquent is submitted to an Officer for approval and charge-off. It is AmeriCredit’s policy to carry all Chapter 13 bankruptcy accounts until 120 days delinquent. A partial charge-off is taken for the unsecured portion of the account. On fully reaffirmed Chapter 7 bankruptcy accounts, the accounts can be deferred current at the time of discharge. Deficiency Collections Collections on charged-off accounts are continued internally and/or assigned to third party collection agencies for deficiency balances. EXHIBIT A SERVICER’S CERTIFICATE AmeriCredit Automobile Receivables Trust 2014-1 Class A-1 .21000 % Asset Backed Notes Class A-2 .57% Asset Backed Notes Class A-3 .90% Asset Backed Notes Class B 1.68 % Asset Backed Notes Class C 2.15% Asset Backed Notes Class D 2.54 % Asset Backed Notes Class E 3.58% Asset Backed Notes Servicer’s Certificate This Servicer’s Certificate has been prepared pursuant to Section 4.9 of the Sale and Servicing Agreement among AmeriCredit Automobile Receivables Trust 2014-1, as Issuer, AmeriCredit Financial Services, Inc., as Servicer, AFS SenSub Corp., as Seller, and The Bank Of New York Mellon, as the Trust Collateral Agent, dated as of March 20, 2014. Defined terms have the meanings assigned to them in the Sale and Servicing Agreement or in other Transaction Documents. Monthly Period Beginning: Monthly Period Ending: Prev. Distribution/Close Date: Distribution Date: Days of Interest for Period: Days in Collection Period: Months Seasoned: Purchases Units Start Date Closing Date Original Pool Balance Initial Purchase Total
Charge-Offs. (l) Defaulted Receivables (principal charge-offs):
Charge-Offs. It is the responsibility of the collection officer to diligently pursue any and all deficiencies which result from problem accounts. All avenues of potential collection will be pursued, ranging from cash settlements to amortized deficiency notes to judgment and garnishment. A complete list of all charge offs will be maintained. The list will be categorized into "active" and "dead" accounts. A brief action plan will be shown for each active account. Accounts will only be designated as "dead" with the recommendation of the collection officer and approval of the Executive Vice President. The "dead" designation will only be granted for those accounts which hold no potential for recovery (e.g., discharged Chapter 7). Active charge off action plans will be presented at least monthly to the Executive Vice President. Decisions regarding pursuit of legal action and incurring potential legal fees will need prior approval by the Executive Vice President.
Charge-Offs. It is AmeriCredit’s policy that any account that is not successfully recovered by 120 days delinquent is submitted to an Officer for approval and charge-off. It is AmeriCredit’s policy to carry all Chapter 13 bankruptcy accounts until 120 days delinquent. A partial charge-off is taken for the unsecured portion of the account. On fully reaffirmed Chapter 7 bankruptcy accounts, the accounts can be deferred current at the time of discharge. Deficiency Collections Collections on charged-off accounts are continued internally and/or assigned to third party collection agencies for deficiency balances. EXHIBIT A
Charge-Offs. As of the last day of each fiscal quarter of the Borrower, the average of the amount of actual charge-offs (net of recoveries and sales of charged-off receivables) incurred during each fiscal month ending during the period of twelve consecutive months ending on such day shall not exceed four and one-half percent (4.50%) of the average of the amount of the Adjusted Transaction Receivables outstanding at the end of each fiscal month ending during the period of twelve consecutive months ending on such day.
Charge-Offs. In accordance with the Financing Order and Schedule TC5, each REP will be permitted to hold back an allowance for charge-offs in its Transition Charge payments to the Servicer. Such charge-off rate will be recalculated each year in connection with the annual Transition Charge Adjustment. Until the first Calculation Date, each REP that has chosen to hold back an allowance for charge-offs in its payments of Billed TCs to the Servicer will remit to the Servicer Transition Charges based on the charge-off percentage in effect for the then most recently established transition charges related to the transition bonds issued by CenterPoint Energy Transition Bond Company, LLC on October 24, 2001, by CenterPoint Energy Transition Bond Company II, LLC on December 16, 2005 and CenterPoint Energy Transition Bond Company III, LLC on February 12, 2008. Thereafter, on or about each Calculation Date, the REP and the Servicer will be responsible for reconciling the amounts held back with amounts actually written off as uncollectible in accordance with the terms agreed to by the REP and the Servicer, provided that:
Charge-Offs. Charge off loans and maintain its allowance for loan and lease losses, in each case in a manner in conformity with the prior practices of Keystone and the Bank and applicable industry, regulatory, and generally accepted accounting standards; provided, however, that the allowance for loan and lease losses shall not be less than 1.30% of total loans.
Charge-Offs. The Company shall provide to Parent, no later then three calendar days prior to the Closing Date, a schedule reporting Charge-Offs (i) in any completed calendar fiscal quarter commencing after December 31, 2011 and (ii) in the most recent interim quarterly period commencing after the date hereof and ending five calendar days prior to the Closing Date.
Charge-Offs. The Charge-Offs in any completed calendar fiscal quarter commencing after December 31, 2011 shall not exceed $5,000,000, and the Charge-Offs in the most recent interim quarterly period commencing after the date hereof and ending five calendar days prior to the Closing Date shall not exceed an amount equal to $5,000,000 pro-rated by the number of days in such interim quarterly period.
