Dealer. The seller of automobiles or light trucks that originated one or more of the Receivables and assigned the respective Receivable, directly or indirectly, to Ally Bank under an existing agreement between such seller and Ally Bank. Dealer Agreement: An existing agreement between Ally Bank or one of its Affiliates and a Dealer with respect to a Receivable. Default: Any occurrence that is, or with notice or the lapse of time or both would become, an Event of Default.
Appears in 66 contracts
Sources: Servicing Agreement (Ally Auto Receivables Trust 2026-1), Servicing Agreement (Ally Auto Receivables Trust 2026-1), Servicing Agreement (Ally Auto Receivables Trust 2025- 1)
Dealer. The seller of automobiles or light trucks that originated one or more of the Receivables and assigned the respective Receivable, directly or indirectly, to Ally Bank under an existing agreement between such seller and Ally Bank. Dealer Agreement: An existing agreement between Ally Bank or one of its Affiliates and a Dealer with respect to a Receivable. Default: Any occurrence that is, or with notice or the lapse of time or both would become, an Event of Default.
Appears in 12 contracts
Sources: Servicing Agreement (Ally Auto Receivables Trust 2012-2), Servicing Agreement (Ally Auto Receivables Trust 2012-2), Servicing Agreement (Ally Auto Receivables Trust 2012-1)