Common use of The Lockbox Account Clause in Contracts

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 3 contracts

Samples: Lockbox Agreement, Account Agreement (AmeriCredit Automobile Receivables Trust 2011-3), Account Agreement (AmeriCredit Automobile Receivables Trust 2011-3)

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The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 464643308 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 2 contracts

Samples: Account Agreement (AmeriCredit Automobile Receivables Trust 2012-3), Account Agreement (AmeriCredit Automobile Receivables Trust 2012-3)

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 496558722 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 2 contracts

Samples: Account Agreement (AmeriCredit Automobile Receivables Trust 2013-2), Account Agreement (AmeriCredit Automobile Receivables Trust 2013-2)

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 657601816 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 2 contracts

Samples: Account Agreement (AFS SenSub Corp.), Account Agreement (AmeriCredit Automobile Receivables Trust 2015-1)

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 700610012 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 2 contracts

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

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 496576971 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 2 contracts

Samples: Account Agreement (AFS SenSub Corp.), Account Agreement (AmeriCredit Automobile Receivables Trust 2013-4)

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 826199452 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 2 contracts

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

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 464646772 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 2 contracts

Samples: Account Agreement (AmeriCredit Automobile Receivables Trust 2012-5), Account Agreement (AmeriCredit Automobile Receivables Trust 2012-5)

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 662633262 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 2 contracts

Samples: Account Agreement (Americredit Automobile Receivables Trust 2011-5), Account Agreement (Americredit Automobile Receivables Trust 2011-5)

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 581950859 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 2 contracts

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

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 662633221 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 2 contracts

Samples: Account Agreement (AmeriCredit Automobile Receivables Trust 2011-1), Account Agreement (AmeriCredit Automobile Receivables Trust 2011-1)

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 (the 581930497(the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 2 contracts

Samples: Account Agreement (AmeriCredit Automobile Receivables Trust 2014-1), Account Agreement (AmeriCredit Automobile Receivables Trust 2014-1)

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 496565008 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 2 contracts

Samples: Account Agreement (Americredit Automobile Receivables Trust 2013-3), Account Agreement (Americredit Automobile Receivables Trust 2013-3)

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 464647572 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 2 contracts

Samples: Account Agreement (AmeriCredit Automobile Receivables Trust 2013-1), Account Agreement (AmeriCredit Automobile Receivables Trust 2013-1)

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 976484519 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 2 contracts

Samples: Account Agreement (Americredit Automobile Receivables Trust 2012-1), Account Agreement (Americredit Automobile Receivables Trust 2012-1)

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 581940066 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 2 contracts

Samples: Account Agreement (AmeriCredit Automobile Receivables Trust 2014-2), Account Agreement (AmeriCredit Automobile Receivables Trust 2014-2)

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 780179839 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 2 contracts

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

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 700624427 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 2 contracts

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

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 662633239 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 2 contracts

Samples: Account Agreement (AmeriCredit Automobile Receivables Trust 2011-2), Account Agreement (AmeriCredit Automobile Receivables Trust 2011-2)

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 528288918 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 2 contracts

Samples: Account Agreement (AmeriCredit Automobile Receivables Trust 2013-5), Account Agreement (AmeriCredit Automobile Receivables Trust 2013-5)

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The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 780162793 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 2 contracts

Samples: Account Agreement (AFS SenSub Corp.), Account Agreement (AmeriCredit Automobile Receivables Trust 2015-4)

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 964259238 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 2 contracts

Samples: Account Agreement (Americredit Automobile Receivables Trust 2012-2), Account Agreement (Americredit Automobile Receivables Trust 2012-2)

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 878372288 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 2 contracts

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

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 464645022 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 2 contracts

Samples: Account Agreement (AmeriCredit Automobile Receivables Trust 2012-4), Lockbox Account Agreement (AmeriCredit Automobile Receivables Trust 2012-4)

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 662633254 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 2 contracts

Samples: Account Agreement (Americredit Automobile Receivables Trust 2011-4), Account Agreement (Americredit Automobile Receivables Trust 2011-4)

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 657591637 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 2 contracts

Samples: Account Agreement (AmeriCredit Automobile Receivables Trust 2014-4), Account Agreement (AmeriCredit Automobile Receivables Trust 2014-4)

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 662633205 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 1 contract

Samples: Account Agreement (AmeriCredit Automobile Receivables Trust 2010-3)

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 662633130 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 1 contract

Samples: Account Agreement (AmeriCredit Automobile Receivables Trust 2009-1)

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 662633213 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 1 contract

Samples: Account Agreement (AmeriCredit Automobile Receivables Trust 2010-4)

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 662633189 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 1 contract

Samples: Account Agreement (AmeriCredit Automobile Receivables Trust 2010-2)

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 662633155 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 1 contract

Samples: Account Agreement (AmeriCredit Automobile Receivables Trust 2010-1)

The Lockbox Account. (a) Processor (ABA No. 000000000) has established account number 662633247 662633148 (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement.

Appears in 1 contract

Samples: Account Agreement (AmeriCredit Prime Automobile Receivables Trust 2009-1)

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