Common use of Receivable Not Assumable Clause in Contracts

Receivable Not Assumable. No Receivable is assumable by another Person in a manner which would release the Obligor thereof from such Obligor's obligations to AmeriCredit with respect to such Receivable.

Appears in 39 contracts

Sources: Sale and Servicing Agreement (Americredit Automobile Receivables Trust 2003-B-X), Purchase Agreement (Americredit Automobile Receivable Trust 2005-D-A), Purchase Agreement (Americredit Automobile Receivables Trust 2003-B-X)

Receivable Not Assumable. No Receivable is assumable by another Person ------------------------ in a manner which would release the Obligor thereof from such Obligor's obligations to AmeriCredit with respect to such Receivable.

Appears in 5 contracts

Sources: Purchase Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc)