Common use of Certain Other Limitations Clause in Contracts

Certain Other Limitations. It shall: (i) be restricted from undertaking activities in connection with the issuance of the Notes other than activities as set forth in its Charter Documents; (ii) not be involved in the day-to-day management of any of the other AmeriCredit Parties except as required by or permitted by the Transaction Documents or in connection with certain administrative services provided to the Seller by AmeriCredit; (iii) not incur, assume or guarantee any indebtedness except for such indebtedness as may be incurred by the Issuer in connection with the issuance of the Notes, or as otherwise expressly permitted by the Charter Documents; (iv) not commingle its deposit accounts (and funds therein) or other assets with the deposit accounts (and funds therein) or other assets of any other entity; Back to Contents (v) not act as an agent of any other AmeriCredit Party; and (vi) not form, or cause to be formed, any subsidiaries; provided that the Seller may form other special purpose entities in connection with the issuance of other asset-backed securities.

Certain Other Limitations. It shall: (i) be restricted from undertaking activities in connection with the issuance of the Notes other than activities as set forth in its Charter Documents; (ii) not be involved in the day-to-day management of any of the other AmeriCredit Parties except as required by or permitted by the Transaction Documents or in connection with certain administrative services provided to the Seller by AmeriCredit; (iii) not incur, assume or guarantee any indebtedness except for such indebtedness as may be incurred by the Issuer in connection with the issuance of the Notes, or as otherwise expressly permitted by the Charter Documents; (iv) not commingle its deposit accounts (and funds therein) or other assets with the deposit accounts (and funds therein) or other assets of any other entity; Back to Contents; (v) not act as an agent of any other AmeriCredit Party; and (vi) not form, or cause to be formed, any subsidiaries; provided that the Seller may form other special purpose entities in connection with the issuance of other asset-backed securities.