Common use of Customer Remittances Clause in Contracts

Customer Remittances. Obligors of the Receivables will be directed by AmeriCredit to forward their remittances to Processor at a post office address (the “Lockbox”) assigned by Processor. Processor, acting for the exclusive benefit of the Trustee, shall have unrestricted and exclusive access to the mail directed to this address. AmeriCredit agrees to notify Processor thirty (30) days in advance of any change in Obligor remittance statements and/or mailing schedule.

Appears in 61 contracts

Samples: Lockbox Processing Agreement (AFS SenSub Corp.), Processing Agreement (AmeriCredit Automobile Receivables Trust 2010-2), Lockbox Processing Agreement (Americredit Automobile Receivables Trust 2012-2)

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Customer Remittances. (a) Obligors of the Receivables will be directed by AmeriCredit to forward their remittances to Processor at a post office address (the “Lockbox”) assigned by Processor. Processor, acting for the exclusive benefit of the Trustee, shall have unrestricted and exclusive access to the mail directed to this address. AmeriCredit agrees to notify Processor thirty (30) days in advance of any change in Obligor remittance statements and/or mailing schedule.

Appears in 9 contracts

Samples: Processing Agreement (AFS SenSub Corp.), Remittance Processing Agreement (AFS SenSub Corp.), Remittance Processing Agreement (AmeriCredit Automobile Receivables Trust 2007-D-F)

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Customer Remittances. (a) Obligors of the Receivables will be directed by AmeriCredit to forward their remittances to Processor at a post office address (the "Lockbox") assigned by Processor. Processor, acting for the exclusive benefit of the Trustee, shall have unrestricted and exclusive access to the mail directed to this address. AmeriCredit agrees to notify Processor thirty (30) days in advance of any change in Obligor remittance statements and/or mailing schedule.

Appears in 2 contracts

Samples: AmeriCredit Automobile Receivables Trust 2007-a-X, AFS Funding Trust

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