GMAC Clause Samples
GMAC as Servicer, has in its possession all original copies of the Receivables Files and other documents that constitute or evidence the Receivables and the Purchased Property. The Receivables Files and other documents that constitute or evidence the Purchased Property do not have any marks or notations indicating that they have been pledged, assigned or otherwise conveyed to any Person other than ▇▇▇▇.
GMAC. GMAC LLC, a Delaware limited liability company, formerly known as General Motors Acceptance Corporation, and its successors and assigns.
GMAC. CMS requires, as an inducement and a condition precedent to its entering into the Purchase Agreement with ContiTrade Services L.L.C. (the "Seller") that the Guarantor guarantees certain of the obligations of the Seller under the Purchase Agreement. The Guarantor desires that GMAC-CMS enter into the Purchase Agreement and is willing to enter into this Agreement in order to induce GMAC-CMS to do so. The Seller is an indirectly wholly-owned subsidiary of the Guarantor. Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to such terms in the Purchase Agreement.
GMAC has full power and authority to sell and assign the property to be sold and assigned to CARI and to service the Receivables as provided herein and in the Fur▇▇▇▇ Transfer and Servicing Agreements, has duly authorized such sale and assignment to CARI by all necessary corporate action; and the execution, delivery a▇▇ ▇erformance of this Agreement and the First Step Receivables Assignment have been duly authorized by GMAC by all necessary corporate action;
GMAC. GMAC Commercial Mortgage Corporation, as agent for the benefit of the certain lenders party to the GMAC Loan.
GMAC. CM shall provide Guarantor with copies of all written notices of default sent to each Mortgagor by GMAC-CM;
GMAC. SCHEDULE C-1-43 Recourse.
GMAC. CM has agreed to provide a Forward Commitment, substantially in the form of Exhibit A attached hereto and made a part hereof (as amended from time to time, the "Forward Commitment"), for the financing of certain hotel properties with developers/borrowers approved by Guarantor or by Candlewood Hotel Company, Inc., a Delaware corporation ("Candlewood"). Guarantor or Candlewood will submit the approved projects to GMAC-CM for loan underwriting. Such loans which are accepted by GMAC-CM and for which it issues a Forward Commitment shall be hereinafter referred to as the "Mortgage Loans."
GMAC. Rush, RTC-California, RTC-Louisiana, RTC-Oklahoma, Rush Truck Centers of Texas, Inc., a Delaware corporation ("Rush Truck Texas"), and RTC-Colorado entered into the Master Loan Agreement dated July 28, 1997 (the "Original Loan Agreement").
GMAC. GMAC Inc., a Delaware corporation (formerly GMAC LLC, a Delaware limited liability company), and its successors or assigns.