Common use of Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties Clause in Contracts

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 of the Sale and Servicing Agreement, provide prompt written notice upon the discovery of any breach of the Seller’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial and the Seller, a notice in substantially the form of Exhibit C, or any other form agreed upon between the Owner Trustee and the Seller, which shall be deemed acceptable to the Seller unless the Seller notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable pursuant to Section 5.1 of the Purchase Agreement or Section 3.2 of the Sale and Servicing Agreement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial or the Seller, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 55 contracts

Samples: Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2024-2), Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2024-2), Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2019-3)

AutoNDA by SimpleDocs

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 of the Sale and Servicing Agreement, provide prompt written notice upon the discovery of any breach of the Seller’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial AmeriCredit and the Seller, a notice in substantially the form of Exhibit C, or any other form agreed upon between the Owner Trustee and the Seller, which shall be deemed acceptable to the Seller unless the Seller notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable pursuant to Section 5.1 of the Purchase Agreement or Section 3.2 of the Sale and Servicing Agreement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial AmeriCredit or the Seller, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 51 contracts

Samples: Trust Agreement (AmeriCredit Automobile Receivables Trust 2019-3), Trust Agreement (AmeriCredit Automobile Receivables Trust 2020-1), Trust Agreement (AmeriCredit Automobile Receivables Trust 2023-2)

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2017-3 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2017-3 Lease Agreement and the related 2017-3 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2017-3 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 3 contracts

Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2017-3), Trust Agreement (GM Financial Automobile Leasing Trust 2017-3), Trust Agreement (GM Financial Automobile Leasing Trust 2017-3)

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2020-2 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2020-2 Lease Agreement and the related 2020-2 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2020-2 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 2 contracts

Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2020-2), Trust Agreement (GM Financial Automobile Leasing Trust 2020-2)

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2023-3 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2023-3 Lease Agreement and the related 2023-3 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2023-3 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the 2023-3 Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 2 contracts

Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2023-3), Trust Agreement (GM Financial Automobile Leasing Trust 2023-3)

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2024-1 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2024-1 Lease Agreement and the related 2024-1 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2024-1 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the 2024-1 Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 2 contracts

Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2024-1), Trust Agreement (GM Financial Automobile Leasing Trust 2024-1)

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2021-1 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2021-1 Lease Agreement and the related 2021-1 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2021-1 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 2 contracts

Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2021-1), Trust Agreement (GM Financial Automobile Leasing Trust 2021-1)

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2016-2 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2016-2 Lease Agreement and the related 2016-2 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2016-2 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 2 contracts

Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GMF Leasing LLC)

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2018-1 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2018-1 Lease Agreement and the related 2018-1 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2018-1 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 2 contracts

Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2018-1), Trust Agreement (GMF Leasing LLC)

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2016-3 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2016-3 Lease Agreement and the related 2016-3 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2016-3 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 2 contracts

Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GMF Leasing LLC)

AutoNDA by SimpleDocs

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2018-2 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2018-2 Lease Agreement and the related 2018-2 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2018-2 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 2 contracts

Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2018-2), Trust Agreement (GM Financial Automobile Leasing Trust 2018-2)

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2017-1 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2017-1 Lease Agreement and the related 2017-1 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2017-1 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 2 contracts

Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GMF Leasing LLC)

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2020-1 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2020-1 Lease Agreement and the related 2020-1 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2020-1 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 2 contracts

Samples: GM Financial Automobile Leasing Trust 2020-1, GM Financial Automobile Leasing Trust 2020-1

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 2.5 of the Sale and 2022-2 Servicing AgreementSupplement, provide prompt written notice upon the discovery of any breach of the SellerServicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Servicer and the SellerDepositor, a notice in substantially the form of Exhibit CF, or any other form agreed upon between the Owner Trustee and the SellerDepositor, which shall be deemed acceptable to the Seller Depositor unless the Seller Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable 2022-2 Lease Agreement and the related 2022-2 Leased Vehicle pursuant to Section 5.1 2.5 of the Purchase Agreement or Section 3.2 of the Sale and 2022-2 Servicing Agreement Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the 2022-2 Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Servicer or the SellerDepositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 2 contracts

Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2022-2), Trust Agreement (GM Financial Automobile Leasing Trust 2022-2)

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 of the Sale and Servicing Agreement, provide prompt written notice upon the discovery of any breach of the Seller’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial Exeter and the Seller, a notice in substantially the form of Exhibit C, or any other form agreed upon between the Owner Trustee and the Seller, which shall be deemed acceptable to the Seller unless the Seller notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable pursuant to Section 5.1 of the Purchase Agreement or Section 3.2 of the Sale and Servicing Agreement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial Exeter or the Seller, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 1 contract

Samples: Trust Agreement (Efcar, LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.