Past Due. No Receivable is a Defaulted Receivable or a Delinquent Receivable. No Receivable is a Borrowing Base Delinquent Receivable, provided that the requirements of this sentence shall no longer be applicable if any Take-Out Securitization includes Borrowing Base Delinquent Receivables and if all Take-Out Securitizations that have closed subsequent thereto also include Borrowing Base Delinquent Receivables.
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Sources: Sale and Servicing Agreement (Americredit Corp), Sale and Servicing Agreement (Americredit Corp)
Past Due. No Receivable is a Defaulted Receivable or a Delinquent -------- Receivable. No Receivable is a Borrowing Base Delinquent Receivable, provided -------- that the requirements of this sentence shall no longer be applicable if any Take-Out Securitization includes Borrowing Base Delinquent Receivables and if all Take-Out Securitizations that have closed subsequent thereto also include Borrowing Base Delinquent Receivables.
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