Common use of Consumer Leases Clause in Contracts

Consumer Leases. No Receivable in the pool constitutes a “consumer lease” under either (a) the UCC as in effect in the jurisdiction the law of which governs the Receivable or (b) the Consumer Leasing Act, 15 U.S.C. § 1667.

Appears in 49 contracts

Sources: Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2026-1), Sale and Servicing Agreement (GM Financial Consumer Automobile Receivables Trust 2026-1), Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2025-4)

Consumer Leases. No Receivable in the pool constitutes a “consumer lease” under either (a) the UCC as in effect in the jurisdiction the law of which governs the Receivable or (b) the Consumer Leasing Act, 15 U.S.C. § USC 1667.

Appears in 38 contracts

Sources: Sale and Servicing Agreement (GM Financial Consumer Automobile Receivables Trust 2021-3), Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2021-3), Purchase Agreement (AmeriCredit Automobile Receivables Trust 2021-2)