Common use of Voting Rights and Other Actions      12 Clause in Contracts

Voting Rights and Other Actions      12. SECTION 4.1. Prior Notice to Holder with Respect to Certain Matters 12 SECTION 4.2. Action by Certificateholder with Respect to Certain Matters 12 SECTION 4.3. Restrictions on Certificateholder’s Power 13 SECTION 4.4. [Reserved] 13 SECTION 4.5. Action with Respect to Bankruptcy Action 13 SECTION 4.6. Covenants and Restrictions on Conduct of Business 14 ARTICLE V. Authority And Duties of Owner Trustee 15 SECTION 5.1. General Authority 15 SECTION 5.2. General Duties 16 SECTION 5.3. Action upon Instruction 16 SECTION 5.4. No Duties Except as Specified in this Agreement or in Instructions 17 SECTION 5.5. No Action Except under Specified Documents or Instructions 18 SECTION 5.6. Restrictions 18 SECTION 5.7. Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties 18 ARTICLE VI. Concerning the Owner Trustee 19 SECTION 6.1. Acceptance of Trusts and Duties 19 SECTION 6.2. Furnishing of Documents 20 SECTION 6.3. Representations and Warranties 20 SECTION 6.4. Reliance; Advice of Counsel 21 SECTION 6.5. Not Acting in Individual Capacity 21 SECTION 6.6. Owner Trustee Not Liable for Certificate or Receivables 22 SECTION 6.7. Owner Trustee May Own Notes 22 SECTION 6.8. Payments from Owner Trust Estate 22 SECTION 6.9. Doing Business in Other Jurisdictions 22 ARTICLE VII. Compensation of Owner Trustee 23 SECTION 7.1. Owner Trustee’s Fees and Expenses 23 SECTION 7.2. Indemnification 23 SECTION 7.3. Payments to the Owner Trustee 23 SECTION 7.4. Non-recourse Obligations 24 ARTICLE VIII. Termination of Trust Agreement 24 SECTION 8.1. Termination of Trust Agreement 24

Appears in 5 contracts

Samples: Trust Agreement (Americredit Automobile Receivables Trust 2011-5), Trust Agreement (AmeriCredit Automobile Receivables Trust 2013-2), Trust Agreement (Americredit Automobile Receivables Trust 2011-5)

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Voting Rights and Other Actions      12. SECTION 4.1. Prior Notice to Holder with Respect to Certain Matters 12 SECTION 4.2. Action by Certificateholder with Respect to Certain Matters 12 SECTION 4.3. Restrictions on Certificateholder’s Power 13 12 SECTION 4.4. [Reserved] 13 SECTION 4.5. Action with Respect to Bankruptcy Action 13 SECTION 4.6. Covenants and Restrictions on Conduct of Business 14 ARTICLE V. Authority And Duties of Owner Trustee 15 SECTION 5.1. General Authority 15 SECTION 5.2. General Duties 16 SECTION 5.3. Action upon Instruction 16 SECTION 5.4. No Duties Except as Specified in this Agreement or in Instructions 17 SECTION 5.5. No Action Except under Specified Documents or Instructions 18 17 SECTION 5.6. Restrictions 18 SECTION 5.7. Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties 18 ARTICLE VI. Concerning the Owner Trustee 19 18 SECTION 6.1. Acceptance of Trusts and Duties 19 18 SECTION 6.2. Furnishing of Documents 20 SECTION 6.3. Representations and Warranties 20 SECTION 6.4. Reliance; Advice of Counsel 21 SECTION 6.5. Not Acting in Individual Capacity 21 SECTION 6.6. Owner Trustee Not Liable for Certificate or Receivables 22 21 SECTION 6.7. Owner Trustee May Own Notes 22 SECTION 6.8. Payments from Owner Trust Estate 22 SECTION 6.9. Doing Business in Other Jurisdictions 22 ARTICLE VII. Compensation of Owner Trustee 23 SECTION 7.1. Owner Trustee’s Fees and Expenses 23 SECTION 7.2. Indemnification 23 SECTION 7.3. Payments to the Owner Trustee 23 SECTION 7.4. Non-recourse Obligations 24 23 ARTICLE VIII. Termination of Trust Agreement 24 SECTION 8.1. Termination of Trust Agreement 24

Appears in 3 contracts

Samples: Trust Agreement (AmeriCredit Automobile Receivables Trust 2012-3), Trust Agreement (Americredit Automobile Receivables Trust 2012-2), Trust Agreement (AmeriCredit Automobile Receivables Trust 2012-4)

Voting Rights and Other Actions      12. SECTION 4.1. Prior Notice to Holder with Respect to Certain Matters 12 SECTION 4.2. Action by Certificateholder with Respect to Certain Matters 12 SECTION 4.3. Restrictions on Certificateholder’s Power 13 SECTION 4.4. [Reserved] 13 SECTION 4.5. Action with Respect to Bankruptcy Action 13 SECTION 4.6. Covenants and Restrictions on Conduct of Business 14 ARTICLE V. Authority And Duties of Owner Trustee 15 SECTION 5.1. General Authority 15 SECTION 5.2. General Duties 16 SECTION 5.3. Action upon Instruction 16 SECTION 5.4. No Duties Except as Specified in this Agreement or in Instructions 17 SECTION 5.5. No Action Except under Specified Documents or Instructions 18 SECTION 5.6. Restrictions 18 SECTION 5.7. Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties 18 ARTICLE VI. Concerning the Owner Trustee 19 SECTION 6.1. Acceptance of Trusts and Duties 19 SECTION 6.2. Furnishing of Documents 20 SECTION 6.3. Representations and Warranties 20 SECTION 6.4. Reliance; Advice of Counsel 21 SECTION 6.5. Not Acting in Individual Capacity 21 SECTION 6.6. Owner Trustee Not Liable for Certificate or Receivables 22 21 SECTION 6.7. Owner Trustee May Own Notes 22 SECTION 6.8. Payments from Owner Trust Estate 22 SECTION 6.9. Doing Business in Other Jurisdictions 22 ARTICLE VII. Compensation of Owner Trustee 23 SECTION 7.1. Owner Trustee’s Fees and Expenses 23 SECTION 7.2. Indemnification 23 SECTION 7.3. Payments to the Owner Trustee 23 SECTION 7.4. Non-recourse Obligations 24 23 ARTICLE VIII. Termination of Trust Agreement 24 SECTION 8.1. Termination of Trust Agreement 24

Appears in 2 contracts

Samples: Trust Agreement (AmeriCredit Automobile Receivables Trust 2013-1), Trust Agreement (AmeriCredit Automobile Receivables Trust 2013-2)

Voting Rights and Other Actions      12. SECTION 4.1. Prior Notice to Holder with Respect to Certain Matters 12 SECTION 4.2. Action by Certificateholder with Respect to Certain Matters 12 SECTION 4.3. Restrictions on Certificateholder’s Power 13 12 SECTION 4.4. [Reserved] 13 SECTION 4.5. Action with Respect to Bankruptcy Action 13 SECTION 4.6. Covenants and Restrictions on Conduct of Business 14 ARTICLE V. Authority And Duties of Owner Trustee 15 SECTION 5.1. General Authority 15 SECTION 5.2. General Duties 16 SECTION 5.3. Action upon Instruction 16 SECTION 5.4. No Duties Except as Specified in this Agreement or in Instructions 17 SECTION 5.5. No Action Except under Specified Documents or Instructions 18 17 SECTION 5.6. Restrictions 18 SECTION 5.7. Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties 18 ARTICLE VI. Concerning the Owner Trustee 19 18 SECTION 6.1. Acceptance of Trusts and Duties 19 18 SECTION 6.2. Furnishing of Documents 20 SECTION 6.3. Representations and Warranties 20 SECTION 6.4. Reliance; Advice of Counsel 21 SECTION 6.5. Not Acting in Individual Capacity 21 SECTION 6.6. Owner Trustee Not Liable for Certificate or Receivables 22 21 SECTION 6.7. Owner Trustee May Own Notes 22 SECTION 6.8. Payments from Owner Trust Estate 22 SECTION 6.9. Doing Business in Other Jurisdictions 22 ARTICLE VII. Compensation of Owner Trustee 23 SECTION 7.1. Owner Trustee’s Fees and Expenses 23 SECTION 7.2. Indemnification 23 SECTION 7.3. Payments to the Owner Trustee 23 SECTION 7.4. Non-recourse Obligations 24 23 ARTICLE VIII. Termination of Trust Agreement 24 SECTION 8.1. Termination of Trust Agreement Agreement. 24

Appears in 2 contracts

Samples: Trust Agreement (AmeriCredit Automobile Receivables Trust 2012-4), Trust Agreement (Americredit Automobile Receivables Trust 2012-2)

Voting Rights and Other Actions      12. SECTION 4.1. Prior Notice to Holder with Respect to Certain Matters 12 SECTION 4.2. Action by Certificateholder with Respect to Certain Matters 12 SECTION 4.3. Restrictions on Certificateholder’s Power 13 12 SECTION 4.4. [Reserved] 13 SECTION 4.5. Action with Respect to Bankruptcy Action 13 SECTION 4.6. Covenants and Restrictions on Conduct of Business 14 ARTICLE V. Authority And Duties of Owner Trustee 15 SECTION 5.1. General Authority 15 SECTION 5.2. General Duties 16 SECTION 5.3. Action upon Instruction 16 SECTION 5.4. No Duties Except as Specified in this Agreement or in Instructions 17 SECTION 5.5. No Action Except under Specified Documents or Instructions 18 SECTION 5.6. Restrictions 18 SECTION 5.7. Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties 18 ARTICLE VI. Concerning the Owner Trustee 19 18 SECTION 6.1. Acceptance of Trusts and Duties 19 18 SECTION 6.2. Furnishing of Documents 20 19 SECTION 6.3. Representations and Warranties 20 19 SECTION 6.4. Reliance; Advice of Counsel 21 20 SECTION 6.5. Not Acting in Individual Capacity 21 SECTION 6.6. Owner Trustee Not Liable for Certificate or Receivables 22 21 SECTION 6.7. Owner Trustee May Own Notes 22 21 SECTION 6.8. Payments from Owner Trust Estate 22 21 SECTION 6.9. Doing Business in Other Jurisdictions 22 ARTICLE VII. Compensation of Owner Trustee 23 SECTION 7.1. Owner Trustee’s Fees and Expenses 23 SECTION 7.2. Indemnification 23 SECTION 7.3. Payments to the Owner Trustee 23 SECTION 7.4. Non-recourse Obligations 24 ARTICLE VIII. Termination of Trust Agreement 24 SECTION 8.1. Termination of Trust Agreement 2422

Appears in 2 contracts

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

Voting Rights and Other Actions      12. SECTION 4.1. Prior Notice to Holder with Respect to Certain Matters 12 SECTION 4.2. Action by Certificateholder with Respect to Certain Matters 12 SECTION 4.3. Restrictions on Certificateholder’s Power 13 SECTION 4.4. [Reserved] 13 SECTION 4.5. Action with Respect to Bankruptcy Action 13 SECTION 4.6. Covenants and Restrictions on Conduct of Business 14 ARTICLE V. Authority And Duties of Owner Trustee 15 SECTION 5.1. General Authority 15 SECTION 5.2. General Duties 16 SECTION 5.3. Action upon Instruction 16 SECTION 5.4. No Duties Except as Specified in this Agreement or in Instructions 17 SECTION 5.5. No Action Except under Specified Documents or Instructions 18 SECTION 5.6. Restrictions 18 SECTION 5.7. Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties 18 ARTICLE VI. Concerning the Owner Trustee 19 SECTION 6.1. Acceptance of Trusts and Duties 19 SECTION 6.2. Furnishing of Documents 20 SECTION 6.3. Representations and Warranties 20 SECTION 6.4. Reliance; Advice of Counsel 21 SECTION 6.5. Not Acting in Individual Capacity 21 SECTION 6.6. Owner Trustee Not Liable for Certificate or Receivables 22 SECTION 6.7. Owner Trustee May Own Notes 22 SECTION 6.8. Payments from Owner Trust Estate 22 SECTION 6.9. Doing Business in Other Jurisdictions 22 ARTICLE VII. Compensation of Owner Trustee 23 SECTION 7.1. Owner Trustee’s 's Fees and Expenses 23 SECTION 7.2. Indemnification 23 SECTION 7.3. Payments to the Owner Trustee 23 SECTION 7.4. Non-recourse Obligations 24 ARTICLE VIII. Termination of Trust Agreement 24 SECTION 8.1. Termination of Trust Agreement 24

Appears in 1 contract

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

Voting Rights and Other Actions      12. SECTION 4.1. Prior Notice to Holder with Respect to Certain Matters 12 SECTION 4.2. Action by Certificateholder with Respect to Certain Matters 12 SECTION 4.3. Restrictions on Certificateholder’s Power Power. 13 SECTION 4.4. [Reserved] 13 SECTION 4.5. Action with Respect to Bankruptcy Action 13 SECTION 4.6. Covenants and Restrictions on Conduct of Business Business. 14 ARTICLE V. Authority And Duties of Owner Trustee 15 SECTION 5.1. General Authority Authority. 15 SECTION 5.2. General Duties 16 SECTION 5.3. Action upon Instruction Instruction. 16 SECTION 5.4. No Duties Except as Specified in this Agreement or in Instructions 17 SECTION 5.5. No Action Except under Specified Documents or Instructions 18 SECTION 5.6. Restrictions 18 SECTION 5.7. Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties 18 ARTICLE VI. Concerning the Owner Trustee 19 18 SECTION 6.1. Acceptance of Trusts and Duties 19 18 SECTION 6.2. Furnishing of Documents 20 19 SECTION 6.3. Representations and Warranties 20 SECTION 6.4. Reliance; Advice of Counsel 21 Counsel. 20 SECTION 6.5. Not Acting in Individual Capacity 21 SECTION 6.6. Owner Trustee Not Liable for Certificate or Receivables 22 21 SECTION 6.7. Owner Trustee May Own Notes 22 21 SECTION 6.8. Payments from Owner Trust Estate 22 21 SECTION 6.9. Doing Business in Other Jurisdictions 22 ARTICLE VII. Compensation of Owner Trustee 23 SECTION 7.1. Owner Trustee’s Fees and Expenses 23 SECTION 7.2. Indemnification 23 SECTION 7.3. Payments to the Owner Trustee 23 SECTION 7.4. Non-recourse Obligations 24 ARTICLE VIII. Termination of Trust Agreement 24 SECTION 8.1. Termination of Trust Agreement 2422

Appears in 1 contract

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

Voting Rights and Other Actions      12. SECTION 4.1. Prior Notice to Holder with Respect to Certain Matters 12 SECTION 4.2. Action by Certificateholder with Respect to Certain Matters 12 SECTION 4.3. Restrictions on Certificateholder’s 's Power 13 SECTION 4.4. [Reserved] 13 SECTION 4.5. Action with Respect to Bankruptcy Action 13 SECTION 4.6. Covenants and Restrictions on Conduct of Business 14 ARTICLE V. Authority And Duties of Owner Trustee 15 SECTION 5.1. General Authority 15 SECTION 5.2. General Duties 16 SECTION 5.3. Action upon Instruction 16 SECTION 5.4. No Duties Except as Specified in this Agreement or in Instructions 17 SECTION 5.5. No Action Except under Specified Documents or Instructions 18 SECTION 5.6. Restrictions 18 SECTION 5.7. Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties 18 ARTICLE VI. Concerning the Owner Trustee 19 SECTION 6.1. Acceptance of Trusts and Duties 19 SECTION 6.2. Furnishing of Documents 20 SECTION 6.3. Representations and Warranties 20 SECTION 6.4. Reliance; Advice of Counsel 21 SECTION 6.5. Not Acting in Individual Capacity 21 SECTION 6.6. Owner Trustee Not Liable for Certificate or Receivables 22 SECTION 6.7. Owner Trustee May Own Notes 22 SECTION 6.8. Payments from Owner Trust Estate 22 SECTION 6.9. Doing Business in Other Jurisdictions 22 ARTICLE VII. Compensation of Owner Trustee 23 SECTION 7.1. Owner Trustee’s 's Fees and Expenses 23 SECTION 7.2. Indemnification 23 SECTION 7.3. Payments to the Owner Trustee 23 SECTION 7.4. Non-recourse Obligations 24 ARTICLE VIII. Termination of Trust Agreement 24 SECTION 8.1. Termination of Trust Agreement 24

Appears in 1 contract

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

Voting Rights and Other Actions      12. SECTION 4.1. Prior Notice to Holder with Respect to Certain Matters 12 SECTION 4.2. Action by Certificateholder with Respect to Certain Matters 12 SECTION 4.3. Restrictions on Certificateholder’s Power 13 SECTION 4.4. [Reserved] 13 SECTION 4.5. Action with Respect to Bankruptcy Action 13 SECTION 4.6. Covenants and Restrictions on Conduct of Business 14 ARTICLE V. Authority And Duties of Owner Trustee 15 SECTION 5.1. General Authority 15 SECTION 5.2. General Duties 16 SECTION 5.3. Action upon Instruction 16 SECTION 5.4. No Duties Except as Specified in this Agreement or in Instructions 17 SECTION 5.5. No Action Except under Specified Documents or Instructions 18 SECTION 5.6. Restrictions 18 SECTION 5.7. Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties 18 ARTICLE VI. Concerning the Owner Trustee 19 SECTION 6.1. Acceptance of Trusts and Duties 19 SECTION 6.2. Furnishing of Documents 20 SECTION 6.3. Representations and Warranties 20 SECTION 6.4. Reliance; Advice of Counsel 21 SECTION 6.5. Not Acting in Individual Capacity 21 SECTION 6.6. Owner Trustee Not Liable for Certificate or Receivables 22 SECTION 6.7. Owner Trustee May Own Notes 22 SECTION 6.8. Payments from Owner Trust Estate 22 SECTION 6.9. Doing Business in Other Jurisdictions 22 ARTICLE VII. Compensation of Owner Trustee 23 SECTION 7.1. Owner Trustee’s Fees and Expenses 23 SECTION 7.2. Indemnification 23 SECTION 7.3. Payments to the Owner Trustee 23 SECTION 7.4. Non-recourse Obligations 24 ARTICLE VIII. Termination of Trust Agreement 24 SECTION 8.1. Termination of Trust Agreement Agreement. 24

Appears in 1 contract

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

Voting Rights and Other Actions      12. SECTION 4.1. Prior Notice to Holder with Respect to Certain Matters 12 SECTION 4.2. Action by Certificateholder with Respect to Certain Matters 12 SECTION 4.3. Restrictions on Certificateholder’s Power 13 12 SECTION 4.4. [Reserved] 13 SECTION 4.5. Action with Respect to Bankruptcy Action 13 SECTION 4.6. Covenants and Restrictions on Conduct of Business 14 ARTICLE V. Authority And Duties of Owner Trustee 15 SECTION 5.1. General Authority 15 SECTION 5.2. General Duties 16 SECTION 5.3. Action upon Instruction 16 SECTION 5.4. No Duties Except as Specified in this Agreement or in Instructions 17 SECTION 5.5. No Action Except under Specified Documents or Instructions 18 SECTION 5.6. Restrictions 18 SECTION 5.7. Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties 18 ARTICLE VI. Concerning the Owner Trustee 19 18 SECTION 6.1. Acceptance of Trusts and Duties 19 18 SECTION 6.2. Furnishing of Documents 20 SECTION 6.3. Representations and Warranties 20 SECTION 6.4. Reliance; Advice of Counsel 21 SECTION 6.5. Not Acting in Individual Capacity 21 SECTION 6.6. Owner Trustee Not Liable for Certificate or Receivables 22 21 SECTION 6.7. Owner Trustee May Own Notes 22 SECTION 6.8. Payments from Owner Trust Estate 22 SECTION 6.9. Doing Business in Other Jurisdictions 22 ARTICLE VII. Compensation of Owner Trustee 23 SECTION 7.1. Owner Trustee’s Fees and Expenses 23 SECTION 7.2. Indemnification 23 SECTION 7.3. Payments to the Owner Trustee 23 SECTION 7.4. Non-recourse Obligations 24 23 ARTICLE VIII. Termination of Trust Agreement 24 SECTION 8.1. Termination of Trust Agreement 24

Appears in 1 contract

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

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Voting Rights and Other Actions      12. SECTION 4.1. Prior Notice to Holder with Respect to Certain Matters 12 SECTION 4.2. Action by Certificateholder with Respect to Certain Matters 12 SECTION 4.3. Restrictions on Certificateholder’s Power Power. 13 SECTION 4.4. [Reserved] 13 SECTION 4.5. Action with Respect to Bankruptcy Action 13 SECTION 4.6. Covenants and Restrictions on Conduct of Business Business. 14 ARTICLE V. Authority And Duties of Owner Trustee 15 SECTION 5.1. General Authority Authority. 15 SECTION 5.2. General Duties 16 SECTION 5.3. Action upon Instruction Instruction. 16 SECTION 5.4. No Duties Except as Specified in this Agreement or in Instructions 17 SECTION 5.5. No Action Except under Specified Documents or Instructions 18 SECTION 5.6. Restrictions 18 SECTION 5.7. Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties 18 ARTICLE VI. Concerning the Owner Trustee 19 18 SECTION 6.1. Acceptance of Trusts and Duties 19 18 SECTION 6.2. Furnishing of Documents 20 19 SECTION 6.3. Representations and Warranties 20 19 SECTION 6.4. Reliance; Advice of Counsel 21 Counsel. 20 SECTION 6.5. Not Acting in Individual Capacity 21 SECTION 6.6. Owner Trustee Not Liable for Certificate or Receivables 22 21 SECTION 6.7. Owner Trustee May Own Notes 22 21 SECTION 6.8. Payments from Owner Trust Estate 22 21 SECTION 6.9. Doing Business in Other Jurisdictions 22 ARTICLE VII. Compensation of Owner Trustee 23 SECTION 7.1. Owner Trustee’s Fees and Expenses 23 SECTION 7.2. Indemnification 23 SECTION 7.3. Payments to the Owner Trustee 23 SECTION 7.4. Non-recourse Obligations 24 ARTICLE VIII. Termination of Trust Agreement 24 SECTION 8.1. Termination of Trust Agreement 2422

Appears in 1 contract

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

Voting Rights and Other Actions      12. SECTION 4.1. Prior Notice to Holder with Respect to Certain Matters 12 SECTION 4.2. Action by Certificateholder with Respect to Certain Matters 12 SECTION 4.3. Restrictions on Certificateholder’s Power 13 SECTION 4.4. [Reserved] 13 SECTION 4.5. Action with Respect to Bankruptcy Action 13 SECTION 4.6. Covenants and Restrictions on Conduct of Business 14 ARTICLE V. Authority And Duties of Owner Trustee 15 SECTION 5.1. General Authority 15 SECTION 5.2. General Duties 16 SECTION 5.3. Action upon Instruction 16 SECTION 5.4. No Duties Except as Specified in this Agreement or in Instructions 17 SECTION 5.5. No Action Except under Specified Documents or Instructions 18 SECTION 5.6. Restrictions 18 SECTION 5.7. Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties 18 ARTICLE VI. Concerning the Owner Trustee 19 18 SECTION 6.1. Acceptance of Trusts and Duties 19 18 SECTION 6.2. Furnishing of Documents 20 19 SECTION 6.3. Representations and Warranties 20 19 SECTION 6.4. Reliance; Advice of Counsel 21 20 SECTION 6.5. Not Acting in Individual Capacity 21 SECTION 6.6. Owner Trustee Not Liable for Certificate or Receivables 22 21 SECTION 6.7. Owner Trustee May Own Notes 22 21 SECTION 6.8. Payments from Owner Trust Estate 22 21 SECTION 6.9. Doing Business in Other Jurisdictions 22 ARTICLE VII. Compensation of Owner Trustee 23 SECTION 7.1. Owner Trustee’s Fees and Expenses 23 SECTION 7.2. Indemnification 23 SECTION 7.3. Payments to the Owner Trustee 23 SECTION 7.4. Non-recourse Obligations 24 ARTICLE VIII. Termination of Trust Agreement 24 SECTION 8.1. Termination of Trust Agreement 2422

Appears in 1 contract

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

Voting Rights and Other Actions      12. SECTION 4.1. Prior Notice to Holder with Respect to Certain Matters 12 SECTION 4.2. Action by Certificateholder with Respect to Certain Matters 12 SECTION 4.3. Restrictions on Certificateholder’s Power 's Power. 13 SECTION 4.4. [Reserved] 13 SECTION 4.5. Action with Respect to Bankruptcy Action 13 SECTION 4.6. Covenants and Restrictions on Conduct of Business Business. 14 ARTICLE V. Authority And Duties of Owner Trustee 15 SECTION 5.1. General Authority Authority. 15 SECTION 5.2. General Duties 16 SECTION 5.3. Action upon Instruction Instruction. 16 SECTION 5.4. No Duties Except as Specified in this Agreement or in Instructions 17 SECTION 5.5. No Action Except under Specified Documents or Instructions 18 SECTION 5.6. Restrictions 18 SECTION 5.7. Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties 18 ARTICLE VI. Concerning the Owner Trustee 19 18 SECTION 6.1. Acceptance of Trusts and Duties 19 18 SECTION 6.2. Furnishing of Documents 20 19 SECTION 6.3. Representations and Warranties 20 19 SECTION 6.4. Reliance; Advice of Counsel 21 Counsel. 20 SECTION 6.5. Not Acting in Individual Capacity 21 SECTION 6.6. Owner Trustee Not Liable for Certificate or Receivables 22 21 SECTION 6.7. Owner Trustee May Own Notes 22 21 SECTION 6.8. Payments from Owner Trust Estate 22 21 SECTION 6.9. Doing Business in Other Jurisdictions 22 ARTICLE VII. Compensation of Owner Trustee 23 SECTION 7.1. Owner Trustee’s Fees and Expenses 23 SECTION 7.2. Indemnification 23 SECTION 7.3. Payments to the Owner Trustee 23 SECTION 7.4. Non-recourse Obligations 24 ARTICLE VIII. Termination of Trust Agreement 24 SECTION 8.1. Termination of Trust Agreement 2422

Appears in 1 contract

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

Voting Rights and Other Actions      12. SECTION 4.1. Prior Notice to Holder with Respect to Certain Matters 12 SECTION 4.2. Action by Certificateholder with Respect to Certain Matters 12 SECTION 4.3. Restrictions on Certificateholder’s Power 13 Power. 12 SECTION 4.4. [Reserved] 13 SECTION 4.5. Action with Respect to Bankruptcy Action 13 SECTION 4.6. Covenants and Restrictions on Conduct of Business Business. 14 ARTICLE V. Authority And Duties of Owner Trustee 15 SECTION 5.1. General Authority Authority. 15 SECTION 5.2. General Duties 16 SECTION 5.3. Action upon Instruction Instruction. 16 SECTION 5.4. No Duties Except as Specified in this Agreement or in Instructions 17 SECTION 5.5. No Action Except under Specified Documents or Instructions 18 SECTION 5.6. Restrictions 18 SECTION 5.7. Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties 18 ARTICLE VI. Concerning the Owner Trustee 19 18 SECTION 6.1. Acceptance of Trusts and Duties 19 18 SECTION 6.2. Furnishing of Documents 20 19 SECTION 6.3. Representations and Warranties 20 19 SECTION 6.4. Reliance; Advice of Counsel 21 Counsel. 20 SECTION 6.5. Not Acting in Individual Capacity 21 SECTION 6.6. Owner Trustee Not Liable for Certificate or Receivables 22 21 SECTION 6.7. Owner Trustee May Own Notes 22 21 SECTION 6.8. Payments from Owner Trust Estate 22 21 SECTION 6.9. Doing Business in Other Jurisdictions 22 ARTICLE VII. Compensation of Owner Trustee 23 SECTION 7.1. Owner Trustee’s Fees and Expenses 23 SECTION 7.2. Indemnification 23 SECTION 7.3. Payments to the Owner Trustee 23 SECTION 7.4. Non-recourse Obligations 24 ARTICLE VIII. Termination of Trust Agreement 24 SECTION 8.1. Termination of Trust Agreement 2422

Appears in 1 contract

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

Voting Rights and Other Actions      12. SECTION 4.1. Prior Notice to Holder with Respect to Certain Matters 12 SECTION 4.2. Action by Certificateholder with Respect to Certain Matters 12 SECTION 4.3. Restrictions on Certificateholder’s Power 13 SECTION 4.4. [Reserved] 13 SECTION 4.5. Action with Respect to Bankruptcy Action 13 SECTION 4.6. Covenants and Restrictions on Conduct of Business 14 ARTICLE V. Authority And Duties of Owner Trustee 15 SECTION 5.1. General Authority 15 SECTION 5.2. General Duties 16 SECTION 5.3. Action upon Instruction 16 SECTION 5.4. No Duties Except as Specified in this Agreement or in Instructions 17 SECTION 5.5. No Action Except under Specified Documents or Instructions 18 SECTION 5.6. Restrictions 18 SECTION 5.7. Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties 18 ARTICLE VI. Concerning the Owner Trustee 19 18 SECTION 6.1. Acceptance of Trusts and Duties 19 18 SECTION 6.2. Furnishing of Documents 20 19 SECTION 6.3. Representations and Warranties 20 SECTION 6.4. Reliance; Advice of Counsel 21 20 SECTION 6.5. Not Acting in Individual Capacity 21 SECTION 6.6. Owner Trustee Not Liable for Certificate or Receivables 22 21 SECTION 6.7. Owner Trustee May Own Notes 22 21 SECTION 6.8. Payments from Owner Trust Estate 22 21 SECTION 6.9. Doing Business in Other Jurisdictions 22 ARTICLE VII. Compensation of Owner Trustee 23 SECTION 7.1. Owner Trustee’s Fees and Expenses 23 SECTION 7.2. Indemnification 23 SECTION 7.3. Payments to the Owner Trustee 23 SECTION 7.4. Non-recourse Obligations 24 ARTICLE VIII. Termination of Trust Agreement 24 SECTION 8.1. Termination of Trust Agreement 2422

Appears in 1 contract

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

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