Common use of Transfers of Legal Title to Vehicle Clause in Contracts

Transfers of Legal Title to Vehicle. If GMAC is both the Servicer under this Agreement and under the VAULT Trust Agreement, subject to Section 7.02, GMAC may cause transfers of legal title to the Vehicles required to be made under this Agreement without delivering the notices or complying with the formalities required by the VAULT Trust Agreement.

Appears in 4 contracts

Samples: Colt Servicing Agreement (Central Originating Lease Trust), Servicing Agreement (Central Originating Lease Trust), Sn1 Servicing Agreement (Capital Auto Receivables Asset Trust 2007-Sn1)

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