ISSUANCE AND SALE OF CERTIFICATES Sample Clauses

ISSUANCE AND SALE OF CERTIFICATES. 46 4.1. Issuance of Certificates.......................................................................46 4.2.

ISSUANCE AND SALE OF CERTIFICATES. The Sponsor has authorized the issuance and sale of $60,200,000 Class A-1 5.515% Asset Backed Notes, $86,625,000 Class A-2 Floating Rate Asset Backed Notes, $70,300,000 Class A-3 6.54% Asset Backed Notes (collectively, the "Notes") and $7,875,000 6.74% Asset Backed Certificates (the "Certificates") (the Notes and the Certificates, collectively, the "Securities"). The Notes are to be issued by AmeriCredit Automobile Receivables Trust 1997-A (the "Trust") pursuant to an Indenture, to be dated as of March 1, 1997 (the "Indenture"), between the Trust and LaSalle National Bank, a national banking association, as indenture trustee (the "Trustee") and as trust collateral agent. The Certificates are to be issued by the Trust pursuant to a Trust Agreement, to be dated as of March 1, 1997, between the Seller and Bankers Trust (Delaware), as owner trustee (the "Owner Trustee"). The Securities evidence all of the beneficial ownership interests in the assets of the Trust. The assets of the Trust will initially include a pool of retail installment sale contracts secured by new or used automobiles, light duty trucks and vans (the "Initial Receivables") and certain monies due thereunder on or after February 24, 1997 (the "Initial Cutoff Date"). Additional retail installment sale contracts secured by new or used automobiles, light duty trucks and vans (the "Subsequent Receivables") and certain monies due thereunder on or after the applicable Subsequent Cutoff Date are intended to be purchased by the Trust from the Seller from time to time on or before the end of the Funding Period, from funds available under the Pre-Funded Amount. The Initial Receivables and the Subsequent Receivables are hereinafter referred to as the "Receivables." The Notes will have the benefit of a note insurance policy (the "Note Insurance Policy") and the Certificates will have the benefit of a certificate insurance policy (the "Insurance Policies", together with the Note Insurance Policy, the "Insurance Policies"), each issued by Financial Security Assurance Inc., a monoline insurance corporation organized under the laws of New York (the "Certificate Insurer"). In connection with the issuance of the Insurance Policies (i) the Companies, the Trust and the Certificate Insurer will execute and deliver an Insurance Agreement dated as of March 1, 1997 (the "Insurance Agreement") and (ii) the Seller, the Underwriters and the Certificate Insurer will execute and deliver an Indemnification Agreement dated ...

ISSUANCE AND SALE OF CERTIFICATES. Section 4.01. Section 4.02. Issuance of Certificates Sale of Certificates 69 69 Section 5.01. Section 5.02. Section 5.03. Section 5.04. Section 5.05. Section 5.06. Section 5.07. Section 5.08. Section 5.09. Terms Forms Execution, Authentication and Delivery Registration and Transfer of Certificates Mutilated, Destroyed, Lost or Stolen Certificates Persons Deemed Owners Cancellation Limitation on Transfer of Ownership Rights Assignment of Rights 70 70 70 71 73 74 74 74 76

ISSUANCE AND SALE OF CERTIFICATES. Section 4.01. Issuance of Certificates. 65 Section 4.02. Sale of Certificates. 65

ISSUANCE AND SALE OF CERTIFICATES. Section 4.01.

ISSUANCE AND SALE OF CERTIFICATES. 70 Section 4.01 Issuance of Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 Section 4.02 Sale of Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70

ISSUANCE AND SALE OF CERTIFICATES. The Depositor has authorized the issuance and sale of $[ ] Class [ ] [ ]% Agency Security Pass-Through Certificates (the “Class [ ] Certificates”), $[ ] Class [ ] [ ]% Agency Security Pass-Through Certificates (the “Class [ ] Certificates”), and $[ ] Class [ ] [ ]% Agency Security Pass-Through Certificates (the “Class [ ] Certificates” and, together with the Class [ ] Certificates and the Class [ ] Certificates, the “Offered Certificates”), and $[ ] Class [ ] [ ]% Agency Security Pass-Through Certificates (the “Class [ ] Certificates” and, together with the Offered Certificates, the “Certificates”). The Certificates are to be issued by GNMAG Asset Backed Securitization Trust Series [ ] (the “Trust”) pursuant to a Trust Agreement, to be dated as of [ ] (the “Trust Agreement”), between the Depositor and [ ] (“[ ]”), a [ ], as trustee (the “Trustee”). The assets of the Trust will include a pool of “fully modified pass-through” mortgage-backed certificates issued and serviced by ▇▇▇▇▇▇ ▇▇▇-approved issuers of ▇▇▇▇▇▇ ▇▇▇ certificates (the “Agency Securities”) under the ▇▇▇▇▇▇ ▇▇▇ I and/or the ▇▇▇▇▇▇ ▇▇▇ ▇▇ program and certain monies due thereunder after [ ] (the “Cutoff Date”). [The Trust will provide for the review of the Agency Securities for compliance with the representations and warranties made about them in certain circumstances under an asset representations review agreement (the “Asset Representations Review Agreement”) to be entered into by the Trust, the Sponsor, and [ ], as asset representations reviewer (the “Asset Representations Reviewer”).]

ISSUANCE AND SALE OF CERTIFICATES. 69 Section 4.01 Issuance of Certificates..............................................................69 Section 4.02 Sale of Certificates..................................................................69 ARTICLE V CERTIFICATES AND TRANSFER OF INTERESTS..................................................................70 Section 5.01 Terms.................................................................................70 Section 5.02 Forms.................................................................................70 Page Section 5.03 Execution, Authentication and Delivery................................................70 Section 5.04 Registration and Transfer of Certificates.............................................71 Section 5.05 Mutilated, Destroyed, Lost or Stolen Certificates.....................................72 Section 5.06 Persons Deemed Owners.................................................................73 Section 5.07 Cancellation..........................................................................73 Section 5.08 Limitation on Transfer of Ownership Rights............................................73 Section 5.09 Assignment of Rights..................................................................74

ISSUANCE AND SALE OF CERTIFICATES. 77 ARTICLE V CERTIFICATES AND TRANSFER OF INTERESTS 78