Common use of No Impairment Clause in Contracts

No Impairment. The Seller has not done anything to convey any right to any Person that would result in such Person having a right to payments due under the Receivables or otherwise to impair the rights of the Purchaser, the Trust, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof. Other than the security interest granted to the Purchaser pursuant to this Agreement and except any other security interests that have been fully released and discharged as of the Closing Date, the Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. The Seller has not authorized the filing of and is not aware of any financing statements against the Seller that include a description of collateral covering the Receivables other than any financing statement relating to the security interest granted to the Purchaser hereunder or that has been terminated. The Seller is not aware of any judgment, ERISA or tax lien filings against it.

Appears in 105 contracts

Samples: Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2024-2), Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2024-2), Purchase Agreement (AFS SenSub Corp.)

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No Impairment. The Seller has not done anything to convey any right to any Person that would result in such Person having a right to payments due under the Receivables or otherwise to impair the rights of the Purchaser, the Trust, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof. Other than the security interest granted to the Purchaser Trust pursuant to this Agreement and except any other security interests that have been fully released and discharged as of the Closing Date, the Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. The Seller has not authorized the filing of and is not aware of any financing statements against the Seller that include a description of collateral covering the Receivables other than any financing statement relating to the security interest granted to the Purchaser Trust hereunder or that has been terminated. The Seller is not aware of any judgment, ERISA or tax lien filings against it.

Appears in 20 contracts

Samples: Sale and Servicing (AmeriCredit Automobile Receivables Trust 2012-4), Sale and Servicing (AFS SenSub Corp.), Sale and Servicing (AmeriCredit Automobile Receivables Trust 2013-1)

No Impairment. The Seller AmeriCredit has not done anything to convey any right to any Person that would result in such Person having a right to payments due under the Receivables or otherwise to impair the rights of the Purchaser, the TrustIssuer, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof. Other than the security interest granted to the Purchaser pursuant to this Agreement and except any other security interests that have been fully released and discharged as of the Closing Date, the Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. The Seller has not authorized the filing of and is not aware of any financing statements against the Seller that include a description of collateral covering the Receivables other than any financing statement relating to the security interest granted to the Purchaser hereunder or that has been terminated. The Seller is not aware of any judgment, ERISA or tax lien filings against it.

Appears in 20 contracts

Samples: Purchase Agreement (AmeriCredit Automobile Receivables Trust 2015-4), Purchase Agreement (AFS SenSub Corp.), Purchase Agreement (General Motors Financial Company, Inc.)

No Impairment. The Seller has not done anything to convey any right to any Person that would result in such Person having a right to payments due under the Receivables Receivable or otherwise to impair the rights of the PurchaserTrust, the TrustInsurer, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof. Other than the security interest granted to the Purchaser Trust pursuant to this Agreement and except any other security interests that have been fully released and discharged as of the Closing Date, the Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. The Seller has not authorized the filing of and is not aware of any financing statements against the Seller that include a description of collateral covering the Receivables other than any financing statement relating to the security interest granted to the Purchaser Trust hereunder or that has been terminated. The Seller is not aware of any judgment, ERISA judgment or tax lien filings against it.

Appears in 14 contracts

Samples: Sale and Servicing (Americredit Automobile Receivables Trust 2003-C-F), Sale and Servicing Agreement (Americredit Automobile Receivables Trust 2004-a-F), Sale and Servicing Agreement (Americredit Automobile Receivables Trust 2003-B-X)

No Impairment. The Seller AmeriCredit has not done anything to convey any right to any Person that would result in such Person having a right to payments due under the Receivables or otherwise to impair the rights of the PurchaserTrust, the TrustInsurer, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof. Other than the security interest granted to the Purchaser pursuant to this Agreement and except any other security interests that have been fully released and discharged as of the Closing Date, the Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. The Seller has not authorized the filing of and is not aware of any financing statements against the Seller that include a description of collateral covering the Receivables other than any financing statement relating to the security interest granted to the Purchaser hereunder or that has been terminated. The Seller is not aware of any judgment, ERISA judgment or tax lien filings against it.

Appears in 14 contracts

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

No Impairment. The Seller AmeriCredit has not done anything to convey any right to any Person that would result in such Person having a right to payments due under the Receivables or otherwise to impair the rights of the Purchaser, the TrustIssuer, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof. Other than the security interest granted to the Purchaser pursuant to this Agreement and except any other security interests that have been fully released and discharged as of the Closing Date, the Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. The Seller has not authorized the filing of and is not aware of any financing statements against the Seller that include a description of collateral covering the Receivables other than any financing statement relating to the security interest granted to the Purchaser hereunder or that has been terminated. The Seller is not aware of any judgment, ERISA judgment or tax lien filings against it.

Appears in 7 contracts

Samples: Purchase Agreement (AmeriCredit Automobile Receivables Trust 2010-1), Purchase Agreement (Americredit Automobile Receivables Trust 2011-4), Purchase Agreement (Americredit Automobile Receivables Trust 2011-4)

No Impairment. The Seller has not done anything to convey any right to any Person that would result in such Person having a right to payments due under the Receivables or otherwise to impair the rights of the PurchaserTrust, the TrustInsurer, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof. Other than the security interest granted to the Purchaser Trust pursuant to this Agreement and except any other security interests that have been fully released and discharged as of the Closing Date, the Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. The Seller has not authorized the filing of and is not aware of any financing statements against the Seller that include a description of collateral covering the Receivables other than any financing statement relating to the security interest granted to the Purchaser Trust hereunder or that has been terminated. The Seller is not aware of any judgment, ERISA judgment or tax lien filings against it.

Appears in 7 contracts

Samples: Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2007-D-F), Sale and Servicing (AFS SenSub Corp.), Sale and Servicing Agreement (AFS SenSub Corp.)

No Impairment. The Seller AmeriCredit has not done anything to convey any right to any Person that would result in such Person having a right to payments due under the Receivables Receivable or otherwise to impair the rights of the PurchaserTrust, the TrustInsurer, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof. Other than the security interest granted to the Purchaser pursuant to this Agreement and except any other security interests that have been fully released and discharged as of the Closing Date, the Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. The Seller has not authorized the filing of and is not aware of any financing statements against the Seller that include a description of collateral covering the Receivables other than any financing statement relating to the security interest granted to the Purchaser hereunder or that has been terminated. The Seller is not aware of any judgment, ERISA judgment or tax lien filings against it.

Appears in 6 contracts

Samples: Purchase Agreement (Americredit Automobile Receivables Trust 2003-D-M), Purchase Agreement (AmeriCredit Automobile Receivables Trust 2004-C-A), Purchase Agreement (Americredit Automobile Receivables Trust 2004-a-F)

No Impairment. The Seller has not done anything to convey any right to any Person that would result in such Person having a right to payments due under the Receivables or otherwise to impair the rights of the Purchaser, the Trust, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof. Other than the security interest granted to the Purchaser Trust pursuant to this Agreement and except any other security interests that have been fully released and discharged as of the Closing Date, the Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. The Seller has not authorized the filing of and is not aware of any financing statements against the Seller that include a description of collateral covering the Receivables other than any financing statement relating to the security interest granted to the Purchaser Trust hereunder or that has been terminated. The Seller is not aware of any judgment, ERISA judgment or tax lien filings against it.

Appears in 5 contracts

Samples: Sale and Servicing (AmeriCredit Automobile Receivables Trust 2010-3), Sale and Servicing (AmeriCredit Automobile Receivables Trust 2008-1), Sale and Servicing (AmeriCredit Automobile Receivables Trust 2008-2)

No Impairment. The Seller has not done anything to convey any right to any Person that would result in such Person having a right to payments due under the Receivables Receivable or otherwise to impair the rights of the Purchaser, the Trust, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof. Other than the security interest granted to the Purchaser Trust pursuant to this Agreement and except any other security interests that have been fully released and discharged as of the Closing Date, the Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. The Seller has not authorized the filing of and is not aware of any financing statements against the Seller that include a description of collateral covering the Receivables other than any financing statement relating to the security interest granted to the Purchaser Trust hereunder or that has been terminated. The Seller is not aware of any judgment, ERISA judgment or tax lien filings against it.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2006-1), Sale and Servicing (AmeriCredit Automobile Receivables Trust 2004-1), Sale and Servicing (AFS Funding Trust)

No Impairment. The Seller AmeriCredit has not done anything to convey any right to any Person that would result in such Person having a right to payments due under the Receivables or otherwise to impair the rights of the Purchaser, the Trust, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof. Other than the security interest granted to the Purchaser pursuant to this Agreement and except any other security interests that have been fully released and discharged as of the Closing Date, the Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. The Seller has not authorized the filing of and is not aware of any financing statements against the Seller that include a description of collateral covering the Receivables other than any financing statement relating to the security interest granted to the Purchaser hereunder or that has been terminated. The Seller is not aware of any judgment, ERISA judgment or tax lien filings against it.

Appears in 4 contracts

Samples: Purchase Agreement (AmeriCredit Automobile Receivables Trust 2004-1), Purchase Agreement (AmeriCredit Automobile Receivables Trust 2006-1), Purchase Agreement (AmeriCredit Automobile Receivables Trust 2008-1)

No Impairment. The Neither Seller has not done anything to convey any right to any Person that would result in such Person having a right to payments due under the Receivables Receivable or otherwise to impair the rights of the PurchaserTrust, the TrustAdministrative Agent, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof. Other than the security interest granted to the Purchaser Issuer pursuant to this Agreement and except any other security interests that have been fully released and discharged as of the Closing Date or other Transfer Date, the neither Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. The Neither Seller has not authorized the filing of and of, nor is not either Seller aware of any any, financing statements against the such Seller that include a description of collateral covering the Receivables other than any financing statement relating to the security interest granted to the Purchaser Issuer hereunder or that has been terminated. The Neither Seller is not aware of any judgment, ERISA judgment or tax lien filings against it.

Appears in 3 contracts

Samples: Sale and Servicing (Americredit Corp), Sale and Servicing (Americredit Corp), Sale and Servicing Agreement (Americredit Corp)

No Impairment. The Seller has not done anything to convey any right to any Person that would result in such Person having a right to payments due under the Receivables or otherwise to impair the rights of the PurchaserIssuer, the TrustInsurer, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof. Other than the security interest granted to the Purchaser Issuer pursuant to this Agreement and except any other security interests that have been fully released and discharged as of the Closing Date, the Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. The Seller has not authorized the filing of and is not aware of any financing statements against the Seller that include a description of collateral covering the Receivables other than any financing statement relating to the security interest granted to the Purchaser Trust hereunder or that has been terminated. The Seller is not aware of any judgment, ERISA judgment or tax lien filings against it.

Appears in 2 contracts

Samples: Sale and Servicing (AmeriCredit Automobile Receivables Trust 2010-A), Sale and Servicing (AmeriCredit Automobile Receivables Trust 2010-B)

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No Impairment. The Seller AmeriCredit has not done anything to convey any right to any Person that would result in such Person having a right to payments due under the Receivables or otherwise to impair the rights of the PurchaserIssuer, the TrustInsurer, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof. Other than the security interest granted to the Purchaser pursuant to this Agreement and except any other security interests that have been fully released and discharged as of the Closing Date, the Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. The Seller has not authorized the filing of and is not aware of any financing statements against the Seller that include a description of collateral covering the Receivables other than any financing statement relating to the security interest granted to the Purchaser hereunder or that has been terminated. The Seller is not aware of any judgment, ERISA judgment or tax lien filings against it.

Appears in 2 contracts

Samples: Purchase Agreement (AmeriCredit Automobile Receivables Trust 2010-B), Purchase Agreement (AmeriCredit Automobile Receivables Trust 2010-A)

No Impairment. The Seller has not done anything to convey any right to any Person that would result in such Person having a right to payments due under the Receivables or otherwise to impair the rights of the Purchaser, the Trust, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof. Other than the security interest granted to the Purchaser pursuant to this Agreement and except any other security interests that have been fully released and discharged as of the Closing Date, the Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. The Seller has not authorized the filing of and is not aware of any financing statements against the Seller that include a description of collateral covering the Receivables other than any financing statement relating to the security interest granted to the Purchaser hereunder or that has been terminated. The Seller is not aware of any judgment, ERISA or tax lien filings against it.; and

Appears in 2 contracts

Samples: Purchase Agreement (AFS SenSub Corp.), Purchase Agreement (AFS SenSub Corp.)

No Impairment. The Seller has not done anything to convey any right to any Person that would result in such Person having a right to payments due under the Receivables or otherwise to impair the rights of the Purchaser, the TrustIssuer, the Trustee, the Trust Collateral Agent Indenture Trustee and the Noteholders in any Receivable or the proceeds thereof. Other than the security interest granted to the Purchaser pursuant to this Agreement and except any other security interests that have been fully released and discharged as of the Closing Date, the Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. The Seller has not authorized the filing of and is not aware of any financing statements against the Seller that include a description of collateral covering the Receivables other than any financing statement relating to the security interest granted to the Purchaser hereunder or that has been terminated. The Seller is not aware of any judgment, ERISA or tax lien filings against it.; and

Appears in 1 contract

Samples: Purchase Agreement (Efcar, LLC)

No Impairment. The Seller has the Seller[s] has/[have] not done anything to convey any right to any Person that would result in such Person having a right to payments due under the Receivables or otherwise to impair the rights of the PurchaserTrust, [the TrustInsurer], the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof. Other than the security interest granted to the Purchaser pursuant to this Agreement and except any other security interests that have been fully released and discharged as of the Closing Date, the Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. The Seller has not authorized the filing of and is not aware of any financing statements against the Seller that include a description of collateral covering the Receivables other than any financing statement relating to the security interest granted to the Purchaser hereunder or that has been terminated. The Seller is not aware of any judgment, ERISA judgment or tax lien filings against it.

Appears in 1 contract

Samples: Purchase Agreement (AFS SenSub Corp.)

No Impairment. The Seller has not done anything to convey any right to any Person that would result in such Person having a right to payments due under the Receivables or otherwise to impair the rights of the Purchaser, the Trust, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof. Other than the security interest granted to the Purchaser Trust pursuant to this Agreement and except any other security interests that have been fully Table of Contents released and discharged as of the Closing Date, the Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. The Seller has not authorized the filing of and is not aware of any financing statements against the Seller that include a description of collateral covering the Receivables other than any financing statement relating to the security interest granted to the Purchaser Trust hereunder or that has been terminated. The Seller is not aware of any judgment, ERISA judgment or tax lien filings against it.

Appears in 1 contract

Samples: Sale and Servicing (Americredit Automobile Receivables Trust 2011-4)

No Impairment. The Seller has not done anything to convey any right to any Person that would result in such Person having a right to payments due under the Receivables any Receivable or otherwise to impair the rights of the PurchaserTrust, the TrustAdministrative Agent, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof. Other than the security interest granted to the Purchaser Issuer pursuant to this Agreement and except any other security interests that have been fully released and discharged as of the Closing Date or other Transfer Date, the Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. The Seller has not authorized the filing of and of, nor is not the Seller aware of any any, financing statements against the Seller that include a description of collateral covering the Receivables other than any financing statement relating to the security interest granted to the Purchaser Issuer hereunder or that has been terminated. The Seller is not aware of any judgment, ERISA judgment or tax lien filings against it.

Appears in 1 contract

Samples: Sale and Servicing (Americredit Corp)

No Impairment. The the Seller has not done anything to convey any right to any Person that would result in such Person having a right to payments due under the Receivables or otherwise to impair the rights of the Purchaser, the Trust, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof. Other than the security interest granted to the Purchaser pursuant to this Agreement and except any other security interests that have been fully released and discharged as of the Closing Date, the Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. The Seller has not authorized the filing of and is not aware of any financing statements against the Seller that include a description of collateral covering the Receivables other than any financing statement relating to the security interest granted to the Purchaser hereunder or that has been terminated. The Seller is not aware of any judgment, ERISA judgment or tax lien filings against it.

Appears in 1 contract

Samples: Purchase Agreement (AmeriCredit Prime Automobile Receivables Trust 2007-1)

No Impairment. The related Seller has not done anything to convey any right to any Person that would result in such Person having a right to payments due under the Receivables any Receivable or otherwise to impair the rights of the PurchaserTrust, the TrustAdministrative Agent, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof. Other than the security interest granted to the Purchaser Issuer pursuant to this Agreement and except any other security interests that have been fully released and discharged as of the Closing Date or other Transfer Date, the related Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. The related Seller has not authorized the filing of and of, nor is not such Seller aware of any any, financing statements against the such Seller that include a description of collateral covering the Receivables other than any financing statement relating to the security interest granted to the Purchaser Issuer hereunder or that has been terminated. The related Seller is not aware of any judgment, ERISA judgment or tax lien filings against it.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Americredit Corp)

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