Ally Bank definition

Ally Bank. The meaning specified in the Preamble.
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Ally Bank means Ally Bank, a Utah chartered bank, and its permitted successors and assigns.
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Ally Bank means AFI’s indirect banking subsidiary (f/k/a GMAC Bank), a commercial state chartered bank regulated by the FDIC and the State of Utah.
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Examples of Ally Bank in a sentence

  • If (i) the Indenture Trustee receives a Repurchase Request, (ii) the Depositor or Ally Bank does not repurchase the Receivables related to such Repurchase Request within 180 days of the receipt of such Repurchase Request and (iii) the Depositor notifies the Indenture Trustee that such 180 day period has expired, the Indenture Trustee shall deliver a Repurchase Response Notice to the related Noteholder or Note Owner.

  • Except as otherwise specified herein or if the context may otherwise require, capitalized terms used but not otherwise defined herein have the meanings ascribed thereto in Part I of Appendix A to the Servicing Agreement, dated as of the date hereof (as amended from time to time, the “Servicing Agreement”), among the Issuing Entity, Ally Auto Assets LLC and Ally Bank.

  • 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.

  • Consists of conventional MSRs acquired from Ally Bank (Ally), a wholly-owned subsidiary of Ally Financial Inc.

  • A Receivable that was or will be acquired or originated by Ally Bank or its Affiliates under special incentive rate financing programs.

  • Part II For ease of reference, the rules of construction have been consolidated with and are contained in Part II of Appendix A to the Servicing Agreement of even date herewith among Ally Bank, Ally Auto Assets LLC and Ally Auto Receivables Trust 2024-1, as amended and supplemented from time to time.

  • Weiss Ratings for Ally Bank available at https://weissratings.com/en/bank/57803 (last visited Sept.

  • The Notes initially retained by the Depositor or a majority-owned affiliate of Ally Bank as of the Closing Date.

  • Lenders that originate both direct and indirect loans in- clude Ally Bank, Mechanics Banks (California Republic Bank), Capital One Financial Corporation, CarMax Auto Finance, Fifth Third Bank, Santander Bank, and the United Services Automobile Association (USAA).

  • The Trust was created pursuant to a Trust Agreement, dated as of December 27, 2023, among the Depositor, Ally Bank, as servicer, and BNY Mellon Trust of Delaware, as owner trustee (the “Owner Trustee”), as amended and restated as of March 13, 2024 (as so amended and restated, the “Trust Agreement”), between the Depositor and the Owner Trustee, as owner trustee and paying agent, a summary of certain of the pertinent provisions of which is set forth below.


More Definitions of Ally Bank

Ally Bank means, collectively, (i) IB Finance Holding Company, (ii) Ally Bank, formerly known as GMAC Bank and (iii) any successor thereto.
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Ally Bank. By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Authorized Representative Date: 1/19/2024 Vroom Automotive, LLC By: Title: Chief Financial Officer Date: 1/19/2024 Ally Financial Inc. By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Authorized Representative Date: 1/19/2024 Vroom, Inc. By: /s/ Xxxxxx X. Xxxxxxxxx Name: Xxxxxx X. Xxxxxxxxx Title: Chief Financial Officer Date: 1/19/2024
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Ally Bank means Ally Bank.
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Related to Ally Bank

  • Historically black college or university means an institution determined by the Secretary of Education to meet the requirements of 34 CFR 608.2.

  • Parent Company means, with respect to a Lender, the bank holding company (as defined in Federal Reserve Board Regulation Y), if any, of such Lender, and/or any Person owning, beneficially or of record, directly or indirectly, a majority of the shares of such Lender.

  • Originating LEA An LEA who originally executes the DPA in its entirety with the Provider. Provider: For purposes of the DPA, the term “Provider” means provider of digital educational software or services, including cloud-based services, for the digital storage, management, and retrieval of Student Data. Within the DPA the term “Provider” includes the term “Third Party” and the term “Operator” as used in applicable state statutes. Student Generated Content: The term “student-generated content” means materials or content created by a student in the services including, but not limited to, essays, research reports, portfolios, creative writing, music or other audio files, photographs, videos, and account information that enables ongoing ownership of student content.

  • SVB as defined in the preamble hereto.

  • Royal Bank means Royal Bank of Canada.