Attached files

file filename
8-K - FORM 8-K - AFS SENSUB CORP.d8k.htm
EX-4.1 - INDENTURE - AFS SENSUB CORP.dex41.htm
EX-10.3 - CUSTODIAN AGREEMENT - AFS SENSUB CORP.dex103.htm
EX-10.9 - LOCKBOX ACCOUNT AGREEMENT - AFS SENSUB CORP.dex109.htm
EX-10.1 - PURCHASE AGREEMENT - AFS SENSUB CORP.dex101.htm
EX-10.10 - LOCKBOX PROCESSING AGREEMENT - AFS SENSUB CORP.dex1010.htm
EX-4.2 - AMENDED AND RESTATED TRUST AGREEMENT - AFS SENSUB CORP.dex42.htm

Exhibit 4.3

Execution Copy

SALE AND SERVICING

AGREEMENT

among

AMERICREDIT PRIME AUTOMOBILE RECEIVABLES TRUST 2009-1,

Issuer,

AFS SENSUB CORP.,

Seller,

AMERICREDIT FINANCIAL SERVICES, INC.,

Servicer,

and

WELLS FARGO BANK, NATIONAL ASSOCIATION,

Backup Servicer and Trust Collateral Agent

Dated as of October 21, 2009


TABLE OF CONTENTS

 

     Page

ARTICLE I Definitions

   1

SECTION 1.1.

   Definitions    1

SECTION 1.2.

   Other Definitional Provisions    18

ARTICLE II Conveyance of Receivables

   19

SECTION 2.1.

   Conveyance of Receivables    19

SECTION 2.2.

   [Reserved]    20

SECTION 2.3.

   Further Encumbrance of Trust Property    20

SECTION 2.4.

   Intention of the Parties    21

ARTICLE III The Receivables

   22

SECTION 3.1.

   Representations and Warranties of Seller    22

SECTION 3.2.

   Repurchase upon Breach    22

SECTION 3.3.

   Custody of Receivable Files    23

ARTICLE IV Administration and Servicing of Receivables

   24

SECTION 4.1.

   Duties of the Servicer and the Backup Servicer    24

SECTION 4.2.

   Collection of Receivable Payments; Modifications of Receivables; Lockbox Agreements    25

SECTION 4.3.

   Realization upon Receivables    28

SECTION 4.4.

   Insurance    30

SECTION 4.5.

   Maintenance of Security Interests in Vehicles    31

SECTION 4.6.

   Covenants, Representations, and Warranties of Servicer    32

SECTION 4.7.

   Purchase of Receivables Upon Breach of Covenant    33

SECTION 4.8.

   Total Servicing Fee; Payment of Certain Expenses by Servicer    33

SECTION 4.9.

   Servicer’s Certificate    34

SECTION 4.10.

   Annual Statement as to Compliance, Notice of Servicer Termination Event    34

SECTION 4.11.

   Annual Independent Public Accountants’ Reports    35

SECTION 4.12.

   Access to Certain Documentation and Information Regarding Receivables    36

SECTION 4.13.

   Monthly Tape    36

ARTICLE V Trust Accounts; Distributions; Statements to Noteholders

   37

SECTION 5.1.

   Establishment of Trust Accounts    37

SECTION 5.2.

   [Reserved]    40

SECTION 5.3.

   Certain Reimbursements to the Servicer    40

SECTION 5.4.

   Application of Collections    40

SECTION 5.5.

   [Reserved]    40

SECTION 5.6.

   Additional Deposits    40

SECTION 5.7.

   Distributions    40

 

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SECTION 5.8.

   Reserve Account    44

SECTION 5.9.

   Statements to Noteholders    45

ARTICLE VI [Reserved]

   46

ARTICLE VII The Seller

   46

SECTION 7.1.

   Representations of Seller    46

SECTION 7.2.

   Corporate Existence    48

SECTION 7.3.

   Liability of Seller; Indemnities    48

SECTION 7.4.

   Merger or Consolidation of, or Assumption of the Obligations of, Seller    49

SECTION 7.5.

   Limitation on Liability of Seller and Others    50

SECTION 7.6.

   Ownership of the Certificates or Notes    50

ARTICLE VIII The Servicer and the Backup Servicer

   50

SECTION 8.1.

   Representations of Servicer    50

SECTION 8.2.

   Representations of Backup Servicer    52

SECTION 8.3.

   Liability of Servicer and Backup Servicer; Indemnities    53

SECTION 8.4.

   Merger or Consolidation of, or Assumption of the Obligations of the Servicer or Backup Servicer    55

SECTION 8.5.

   Limitation on Liability of Servicer, Backup Servicer and Others    56

SECTION 8.6.

   Delegation of Duties    57

SECTION 8.7.

   Servicer and Backup Servicer Not to Resign    57

ARTICLE IX Default

   58

SECTION 9.1.

   Servicer Termination Event    58

SECTION 9.2.

   Consequences of a Servicer Termination Event    59

SECTION 9.3.

   Appointment of Successor    60

SECTION 9.4.

   Notification to Noteholders    61

SECTION 9.5.

   Waiver of Past Defaults    61

SECTION 9.6.

   Backup Servicer Termination    61

ARTICLE X Termination

   62

SECTION 10.1.

   Optional Purchase of All Receivables    62

ARTICLE XI Administrative Duties of the Servicer

   63

SECTION 11.1.

   Administrative Duties    63

SECTION 11.2.

   Records    65

SECTION 11.3.

   Additional Information to be Furnished to the Issuer    65

ARTICLE XII Miscellaneous Provisions

   65

SECTION 12.1.

   Amendment    65

SECTION 12.2.

   Protection of Title to Trust.    66

SECTION 12.3.

   Notices    68

 

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SECTION 12.4.

   Assignment    68

SECTION 12.5.

   Limitations on Rights of Others    69

SECTION 12.6.

   Severability    69

SECTION 12.7.

   Separate Counterparts    69

SECTION 12.8.

   Headings    69

SECTION 12.9.

   Governing Law    69

SECTION 12.10.

   Assignment to Trust Collateral Agent    69

SECTION 12.11.

   Nonpetition Covenants    69

SECTION 12.12.

   Limitation of Liability of Owner Trustee and Trust Collateral Agent    70

SECTION 12.13.

   Independence of the Servicer    70

SECTION 12.14.

   No Joint Venture    70

SECTION 12.15.

   State Business Licenses    71

 

SCHEDULES      
Schedule A    Schedule of Receivables   
Schedule B    Representations and Warranties of the Seller and the Servicer   
Schedule C    Servicing Policies and Procedures   
EXHIBITS      
Exhibit A    Form of Servicer’s Certificate   

 

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SALE AND SERVICING AGREEMENT dated as of October 21, 2009, among AMERICREDIT PRIME AUTOMOBILE RECEIVABLES TRUST 2009-1, a Delaware statutory trust (the “Issuer”), AFS SENSUB CORP., a Nevada corporation (the “Seller”), AMERICREDIT FINANCIAL SERVICES, INC., a Delaware corporation (the “Servicer”), WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, in its capacity as Backup Servicer and Trust Collateral Agent.

WHEREAS the Issuer desires to purchase a portfolio of receivables arising in connection with motor vehicle retail installment sale contracts made by AmeriCredit Financial Services, Inc. or an Originating Affiliate or acquired by AmeriCredit Financial Services, Inc. or an Originating Affiliate through motor vehicle dealers and third party lenders;

WHEREAS the Seller has purchased such receivables from AmeriCredit Financial Services, Inc. and is willing to sell such receivables to the Issuer;

WHEREAS the Servicer is willing to service all such receivables;

WHEREAS the Backup Servicer is willing to provide backup servicing for all such receivables;

NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, the parties hereto agree as follows:

ARTICLE I

Definitions

SECTION 1.1. Definitions. Whenever used in this Agreement, the following words and phrases shall have the following meanings:

Accelerated Principal Amount” for a Distribution Date will equal the lesser of

(x) the excess, if any, of the amount of Available Funds on such Distribution Date over the amounts payable on such Distribution Date pursuant to clauses (i) through (xiii) of Section 5.7(a); and

(y) the excess, if any, on such Distribution Date of (i) the Pro Forma Note Balance for such Distribution Date over (ii) the Required Pro Forma Note Balance for such Distribution Date.

Accountants’ Report” means the report of a firm of nationally recognized Independent Accountants described in Section 4.11.

Accounting Date” means, with respect to any Collection Period the last day of such Collection Period.


Affiliate” means, with respect to any specified Person, any other Person controlling or controlled by or under common control with such specified Person. For the purposes of this definition, “control” when used with respect to any Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

Aggregate Principal Balance” means, with respect to any date of determination, the sum of the Principal Balances for all Receivables (other than (i) any Receivable that became a Liquidated Receivable prior to the end of the related Collection Period and (ii) any Receivable that became a Purchased Receivable prior to the end of the related Collection Period) as of the date of determination.

Agreement” means this Sale and Servicing Agreement, as the same may be amended and supplemented from time to time.

AmeriCredit” means AmeriCredit Financial Services, Inc.

Amount Financed” means, with respect to a Receivable, the aggregate amount advanced under such Receivable toward the purchase price of the Financed Vehicle and any related costs, including amounts advanced in respect of accessories, insurance premiums, service contracts, car club and warranty contracts, other items customarily financed as part of motor vehicle retail installment sale contracts or promissory notes, and related costs.

Annual Percentage Rate” or “APR” of a Receivable means the annual percentage rate of finance charges or service charges, as stated in the related Contract.

Auto Loan Purchase and Sale Agreement” means any agreement between a Third-Party Lender and AmeriCredit or an Originating Affiliate relating to the acquisition of Receivables from a Third-Party Lender by AmeriCredit or an Originating Affiliate.

Available Funds” means, with respect to any Distribution Date, the sum of (i) the Collected Funds for the related Collection Period, (ii) all Purchase Amounts deposited in the Trust Accounts during the related Collection Period, plus Investment Earnings with respect to the Trust Accounts for the related Collection Period, (iii) following the acceleration of the Notes pursuant to Section 5.2 of the Indenture, the amount of money or property collected pursuant to Section 5.3 of the Indenture since the preceding Distribution Date by the Trust Collateral Agent for distribution pursuant to Section 5.6 and Section 5.8 of the Indenture, (iv) the proceeds of any purchase or sale of the assets of the Trust described in Section 10.1 and (v) amounts, if any, released from the Reserve Account pursuant to Section 5.8(a)(iii)(B) hereof on such Distribution Date.

Backup Servicer” means Wells Fargo Bank, National Association so long as it is the Indenture Trustee hereunder, or any successor backup servicer appointed in accordance with Section 8.7.

Base Servicing Fee” means, with respect to any Collection Period, the fee payable to the Servicer for services rendered during such Collection Period, which shall be equal to the product of (i) the Servicing Fee Rate times (ii) the aggregate Principal Balance of the Receivables as of the opening of business on the first day of such Collection Period (or in the case of the first Distribution Date, October 22, 2009) times (iii) one-twelfth (or in the case of the first Distribution Date, the actual number of days during the Collection Period divided by 360).

 

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Basic Documents” means this Agreement, the Certificate of Trust, the Trust Agreement, the Indenture, the Custodian Agreement, the Lockbox Account Agreement, the Lockbox Processing Agreement, the Underwriting Agreement, the Purchase Agreement and other documents and certificates delivered in connection therewith.

Business Day” means any day other than a Saturday, a Sunday, a legal holiday or other day on which commercial banking institutions located in Wilmington, Delaware, Fort Worth, Texas, Minneapolis, Minnesota or New York, New York or any other location of any successor Servicer, successor Owner Trustee or successor Trust Collateral Agent are authorized or obligated by law, executive order or governmental decree to be closed.

Certificate” means the trust certificate evidencing the beneficial interest of the Certificateholder in the Trust.

Certificateholder” means the Person in whose name the Certificate is registered.

Class” means the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes, and the Class C Notes, as the context requires.

Class A Notes” means the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes.

Class A Principal Parity Amount” means, with respect to any Distribution Date, the lesser of (I) the excess, if any, of (x) the aggregate remaining principal balance of the Class A Notes immediately prior to such Distribution Date over (y) the Pool Balance as of the end of the immediately preceding Collection Period and (II) the amount of Total Available Funds remaining on deposit in the Collection Account after the funding of the items described in clauses (i) through (iii) of Section 5.7(a) on such Distribution Date.

Class A-1 Notes” has the meaning assigned to such term in the Indenture.

Class A-2 Notes” has the meaning assigned to such term in the Indenture.

Class A-3 Notes” has the meaning assigned to such term in the Indenture.

Class A-4 Notes” has the meaning assigned to such term in the Indenture.

Class B Notes” has the meaning assigned to such term in the Indenture.

Class B Principal Parity Amount” means, with respect to any Distribution Date, the lesser of (I) the excess of (A) the excess, if any, of (x) the aggregate remaining principal balance of the Class A Notes and of the Class B Notes, in each case immediately prior to such Distribution Date over (y) the Pool Balance as of the end of the immediately preceding Collection Period over (B) the Class A Principal Parity Amount for such Distribution Date and (II) the amount of Total Available Funds remaining on deposit in the Collection Account after the funding of the items described in clauses (i) through (vi) of Section 5.7(a) on such Distribution Date.

 

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Class C Notes” has the meaning assigned to such term in the Indenture.

Class C Principal Parity Amount” means, with respect to any Distribution Date, the lesser of (I) the excess of (A) the excess, if any, of (x) the aggregate remaining principal balance of the Class A Notes, of the Class B Notes and of the Class C Notes, in each case immediately prior to such Distribution Date over (y) the Pool Balance as of the end of the immediately preceding Collection Period over (B) the sum of the Class A Principal Parity Amount and the Class B Principal Parity Amount for such Distribution Date and (II) the amount of Total Available Funds remaining on deposit in the Collection Account after the funding of the items described in clauses (i) through (ix) of Section 5.7(a) on such Distribution Date.

Closing Date” means November 10, 2009.

Collateral Insurance” shall have the meaning set forth in Section 4.4(a).

Collected Funds” means, with respect to any Collection Period, the amount of funds in the Collection Account representing collections on the Receivables during such Collection Period, including all Net Liquidation Proceeds collected during such Collection Period (but excluding any Purchase Amounts).

Collection Account” means the account designated as such, established and maintained pursuant to Section 5.1.

Collection Period” means, with respect to the first Distribution Date, the period beginning on the close of business on October 21, 2009 and ending on the close of business on November 30, 2009. With respect to each subsequent Distribution Date, “Collection Period” means the period beginning on the close of business on the last day of the second preceding calendar month and ending on the close of business on the last day of the immediately preceding calendar month. Any amount stated “as of the close of business of the last day of a Collection Period” shall give effect to the following calculations as determined as of the end of the day on such last day: (i) all applications of collections and (ii) all distributions.

Collection Records” means all manually prepared or computer generated records relating to collection efforts or payment histories with respect to the Receivables.

Commission” means the United States Securities and Exchange Commission.

Computer Tape” means the computer tapes or other electronic media furnished by the Servicer to the Issuer and its assigns describing certain characteristics of the Receivables as of the Cutoff Date.

Contract” means a motor vehicle retail installment sale contract or promissory note.

Controlling Party” means the Trust Collateral Agent, for the benefit of the Noteholders.

 

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Corporate Trust Office” means (i) with respect to the Owner Trustee, the principal corporate trust office of the Owner Trustee, which at the time of execution of this agreement is Rodney Square North, 1100 North Market Street, Wilmington, Delaware 19890-0001, Attention: Corporate Trust Administration, and (ii) with respect to the Trustee, the Trust Collateral Agent and the Backup Servicer, the principal office thereof at which at any particular time its corporate trust business shall be administered, which at the time of execution of this agreement is Sixth Street and Marquette Avenue, MAC N9311-161, Minneapolis, Minnesota 55479, Attention: Corporate Trust Office.

Cram Down Loss” means, with respect to a Receivable that has not become a Liquidated Receivable, if a court of appropriate jurisdiction in a proceeding related to an Insolvency Event shall have issued an order reducing the amount owed on a Receivable or otherwise modifying or restructuring the Scheduled Receivables Payments to be made on a Receivable, an amount equal to (i) the excess of the Principal Balance of such Receivable immediately prior to such order over the Principal Balance of such Receivable as so reduced and/or (ii) if such court shall have issued an order reducing the effective rate of interest on such Receivable, the excess of the Principal Balance of such Receivable immediately prior to such order over the net present value (using as the discount rate the higher of the APR on such Receivable or the rate of interest, if any, specified by the court in such order) of the Scheduled Receivables Payments as so modified or restructured. A “Cram Down Loss” shall be deemed to have occurred on the date of issuance of such order.

Custodian” means AmeriCredit and any other Person named from time to time as custodian in any Custodian Agreement acting as agent for the Trust Collateral Agent, which Person must be acceptable to the Controlling Party (the Custodian as of the Closing Date is acceptable to the Controlling Party).

Custodian Agreement” means any Custodian Agreement from time to time in effect between the Custodian named therein and the Trust Collateral Agent, as the same may be amended, supplemented or otherwise modified from time to time in accordance with the terms thereof, which Custodian Agreement and any amendments, supplements or modifications thereto shall be acceptable to the Controlling Party.

Cutoff Date” means October 21, 2009.

Dealer” means a dealer who sold a Financed Vehicle and who originated and assigned the respective Receivable to AmeriCredit or an Originating Affiliate under a Dealer Agreement or pursuant to a Dealer Assignment.

Dealer Agreement” means any agreement between a Dealer and AmeriCredit or an Originating Affiliate relating to the acquisition of Receivables from a Dealer by AmeriCredit or an Originating Affiliate.

Dealer Assignment” means, with respect to a Receivable, the executed assignment executed by a Dealer conveying such Receivable to AmeriCredit or an Originating Affiliate.

 

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Delivery” when used with respect to Trust Account Property means:

(a) with respect to bankers’ acceptances, commercial paper, negotiable certificates of deposit and other obligations that constitute “instruments” within the meaning of Section 9-102(a)(47) of the UCC and are susceptible of physical delivery, transfer thereof to the Trust Collateral Agent by physical delivery to the Trust Collateral Agent endorsed to, or registered in the name of, the Trust Collateral Agent or endorsed in blank, and, with respect to a certificated security (as defined in Section 8-102(a)(4) of the UCC), transfer thereof (i) by delivery thereof to the Trust Collateral Agent of such certificated security endorsed to, or registered in the name of, the Trust Collateral Agent or (ii) by delivery thereof to a “clearing corporation” (as defined in Section 8-102(a)(5) of the UCC) and the making by such clearing corporation of appropriate entries on its books reducing the appropriate securities account of the transferor and increasing the appropriate securities account of the Trust Collateral Agent by the amount of such certificated security and the identification by the clearing corporation of the certificated securities for the sole and exclusive account of the Trust Collateral Agent (all of the foregoing, “Physical Property”), and, in any event, any such Physical Property in registered form shall be in the name of the Trust Collateral Agent or its nominee; and such additional or alternative procedures as may hereafter become appropriate to effect the complete transfer of ownership of any such Trust Account Property to the Trust Collateral Agent or its nominee or custodian, consistent with changes in applicable law or regulations or the interpretation thereof;

(b) with respect to any security issued by the U.S. Treasury, the Federal Home Loan Mortgage Corporation or by the Federal National Mortgage Association that is a book-entry security held through the Federal Reserve System pursuant to federal book-entry regulations, the following procedures, all in accordance with applicable law, including applicable Federal regulations and Articles 8 and 9 of the UCC: book-entry registration of such Trust Account Property to an appropriate book-entry account maintained with a Federal Reserve Bank by a securities intermediary that is also a “depository” pursuant to applicable federal regulations; the making by such securities intermediary of entries in its books and records crediting such Trust Account Property to the Trust Collateral Agent’s securities account at the securities intermediary and identifying such book-entry security held through the Federal Reserve System pursuant to federal book-entry regulations as belonging to the Trust Collateral Agent; and such additional or alternative procedures as may hereafter become appropriate to effect complete transfer of ownership of any such Trust Account Property to the Trust Collateral Agent, consistent with changes in applicable law or regulations or the interpretation thereof;

(c) with respect to any item of Trust Account Property that is an uncertificated security under Article 8 of the UCC and that is not governed by clause (b) above, registration on the books and records of the issuer thereof in the name of the Trust Collateral Agent or its nominee or custodian who either (i) becomes the registered owner on behalf of the Trust Collateral Agent or (ii) having previously become the registered owner, acknowledges that it holds for the Trust Collateral Agent; and

(d) with respect to any item of Trust Account Property that is a financial asset under Article 8 of the UCC and that is not governed by clause (b) above, causing the securities intermediary to indicate on its books and records that such financial asset has been credited to a securities account of the Trust Collateral Agent.

 

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Determination Date” means, with respect to any Collection Period, the second Business Day prior to the related Distribution Date.

Distribution Date” means, with respect to each Collection Period, the fifteenth day of the following calendar month, or, if such day is not a Business Day, the immediately following Business Day, commencing December 15, 2009. If AmeriCredit is no longer acting as Servicer, the distribution date may be a different day of the month.

Electronic Ledger” means the electronic master record of the retail installment sales contracts or installment loans of the Servicer.

Eligible Deposit Account” means a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as (i) any of the securities of such depository institution have a credit rating from each Rating Agency in one of its generic rating categories which signifies investment grade and (ii) such depository institutions’ deposits are insured by the FDIC.

Eligible Investments” mean book-entry securities, negotiable instruments or securities represented by instruments in bearer or registered form which evidence:

(a) direct obligations of, and obligations fully guaranteed as to timely payment by, the United States of America;

(b) demand deposits, time deposits or certificates of deposit of any depository institution or trust company incorporated under the laws of the United States of America or any state thereof or the District of Columbia (or any domestic branch of a foreign bank) and subject to supervision and examination by federal or state banking or depository institution authorities (including depository receipts issued by any such institution or trust company as custodian with respect to any obligation referred to in clause (a) above or portion of such obligation for the benefit of the holders of such depository receipts); provided, however, that at the time of the investment or contractual commitment to invest therein (which shall be deemed to be made again each time funds are reinvested following each Distribution Date), the commercial paper or other short-term senior unsecured debt obligations (other than such obligations the rating of which is based on the credit of a Person other than such depository institution or trust company) of such depository institution or trust company shall have a credit rating from Standard & Poor’s of A-1+ and from Moody’s of Prime-1;

(c) commercial paper and demand notes investing solely in commercial paper having, at the time of the investment or contractual commitment to invest therein, a rating from Standard & Poor’s of A-1+ and from Moody’s of Prime-1;

(d) investments in money market funds (including funds for which the Trust Collateral Agent or the Owner Trustee in each of their individual capacities or any of their respective Affiliates is investment manager, controlling party or advisor) having a rating from Standard & Poor’s of AAA-m or AAAm-G and from Moody’s of Aaa;

 

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(e) bankers’ acceptances issued by any depository institution or trust company referred to in clause (b) above;

(f) repurchase obligations with respect to any security that is a direct obligation of, or fully guaranteed by, the United States of America or any agency or instrumentality thereof the obligations of which are backed by the full faith and credit of the United States of America, in either case entered into with a depository institution or trust company (acting as principal) referred to in clause (b) above;

(g) any other investment which would satisfy the Rating Agency Condition and is consistent with the ratings of the Securities or any other investment that by its terms converts to cash within a finite period, if the Rating Agency Condition is satisfied with respect thereto; and

(h) cash denominated in United States dollars.

Any of the foregoing Eligible Investments may be purchased by or through the Owner Trustee or the Trust Collateral Agent or any of their respective Affiliates.

Exchange Act” means the Securities Exchange Act of 1934, as amended.

FDIC” means the Federal Deposit Insurance Corporation.

Final Scheduled Distribution Date” means with respect to (i) the Class A-1 Notes, the November 15, 2010 Distribution Date, (ii) the Class A-2 Notes, the November 15, 2012 Distribution Date, (iii) the Class A-3 Notes, the January 15, 2014 Distribution Date, (iv) the Class A-4 Notes, the December 15, 2014 Distribution Date, (v) the Class B Notes, the July 15, 2015 Distribution Date and (vi) the Class C Notes, the July 17, 2017 Distribution Date.

Financed Vehicle” means an automobile or light-duty truck van or minivan, together with all accessions thereto, securing an Obligor’s indebtedness under the respective Receivable.

Force-Placed Insurance” has the meaning ascribed thereto in Section 4.4 hereof.

Indenture” means the Indenture dated as of October 21, 2009, between the Issuer and Wells Fargo Bank, National Association, as Trust Collateral Agent and Trustee, as the same may be amended and supplemented from time to time.

Independent Accountants” shall have the meaning set forth in Section 4.11(a).

Insolvency Event” means, with respect to a specified Person, (a) the filing of a petition against such Person or the entry of a decree or order for relief by a court having jurisdiction in the premises in respect of such Person or any substantial part of its property in an involuntary case under any applicable federal or state bankruptcy, insolvency or other similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator, or similar official for such Person or for any substantial part of its property, or ordering the winding-up or liquidation or such Person’s affairs, and such petition, decree or order shall remain unstayed and in effect for a period of 60 consecutive days; or (b) the commencement by such Person of a voluntary case under any applicable federal or state bankruptcy, insolvency or other similar law now or hereafter in effect, or the consent by such Person to the entry of an order for

 

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relief in an involuntary case under any such law, or the consent by such Person to the appointment of or taking possession by, a receiver, liquidator, assignee, custodian, trustee, sequestrator, or similar official for such Person or for any substantial part of its property, or the making by such Person of any general assignment for the benefit of creditors, or the failure by such Person generally to pay its debts as such debts become due, or the taking of action by such Person in furtherance of any of the foregoing.

Insurance Add-On Amount” means the premium charged to the Obligor in the event that the Servicer obtains Force-Placed Insurance pursuant to Section 4.4.

Insurance Policy” means, with respect to a Receivable, any insurance policy (including the insurance policies described in Section 4.4 hereof) benefiting the holder of the Receivable providing loss or physical damage, credit life, credit disability, theft, mechanical breakdown or similar coverage with respect to the Financed Vehicle or the Obligor.

Interest Period” means, with respect to any Distribution Date, the period from and including the most recent Distribution Date on which interest has been paid (or in the case of the first Distribution Date, from and including the Closing Date) to, but excluding, the following Distribution Date. In the case of the first Distribution Date, the Interest Period shall be 35 days for each Class of Notes.

Interest Rate” means, with respect to (i) the Class A-1 Notes, 0.33063% per annum (computed on the basis of a 360-day year and the actual number of days elapsed in the applicable Interest Period), (ii) the Class A-2 Notes, 1.40% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months), (iii) the Class A-3 Notes, 2.21% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months), (iv) the Class A-4 Notes, 2.90% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months), (v) the Class B Notes, 3.76% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months) and (vi) the Class C Notes, 4.99% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).

Investment Earnings” means, with respect to any date of determination and Trust Accounts, the investment earnings on amounts on deposit in such Trust Accounts on such date.

Issuer” means AmeriCredit Prime Automobile Receivables Trust 2009-1.

Issuer Secured Parties” means the Trustee in respect of the Trustee Issuer Secured Obligations.

Lien” means a security interest, lien, charge, pledge, equity, or encumbrance of any kind, other than tax liens, mechanics’ liens and any liens that attach to the respective Receivable by operation of law as a result of any act or omission by the related Obligor.

Lien Certificate” means, with respect to a Financed Vehicle, an original certificate of title, certificate of lien or other notification issued by the Registrar of Titles of the applicable state to a secured party which indicates that the lien of the secured party on the Financed Vehicle is recorded on the original certificate of title. In any jurisdiction in which the original certificate of title is required to be given to the Obligor, the term “Lien Certificate” shall mean only a

 

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certificate or notification issued to a secured party. For Financed Vehicles registered in states which issue confirmation of the lienholder’s interest electronically, the “Lien Certificate” may consist of notification of an electronic recordation, by either a third party service provider or the relevant Registrar of Titles of the applicable state, which indicates that the lien of the secured party on the Financed Vehicle is recorded on the original certificate of title on the electronic lien and title system of the applicable state.

Liquidated Receivable” means, with respect to any Collection Period, a Receivable for which, as of the last day of the Collection Period (i) 90 days have elapsed since the Servicer repossessed the Financed Vehicle; provided, however, that in no case shall 10% or more of a Scheduled Receivables Payment have become 210 or more days delinquent in the case of a repossessed Financed Vehicle, (ii) the Servicer has determined in good faith that all amounts it expects to recover have been received, (iii) 10% or more of a Scheduled Receivables Payment shall have become 120 or more days delinquent, except in the case of a repossessed Financed Vehicle, or (iv) that is, without duplication, a Sold Receivable.

Liquidation Proceeds” means, with respect to a Liquidated Receivable, all amounts realized with respect to such Receivable and, with respect to a Sold Receivable, the related Sale Amount.

Liquidity” means, with respect to any date, (A) unrestricted cash on such date and (B) amounts available to be drawn under the credit facilities of AmeriCredit Corp. and its consolidated subsidiaries, as defined by GAAP, so long as AmeriCredit Corp. and its consolidated subsidiaries can satisfy all conditions precedent to borrowing such amounts under such facilities.

Lockbox Account” means an account maintained on behalf of the Trust Collateral Agent by the Lockbox Bank pursuant to Section 4.2(d).

Lockbox Account Agreement” means the Lockbox Account Agreement, dated as of October 21, 2009, by and among AmeriCredit, JPMorgan Chase Bank, N.A. and the Trust Collateral Agent, as such agreement may be amended or supplemented from time to time, unless the Trust Collateral Agent shall cease to be a party thereunder, or such agreement shall be terminated in accordance with its terms, in which event “Lockbox Account Agreement” shall mean any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.

Lockbox Agreements” means collectively, the Lockbox Account Agreement and the Lockbox Processing Agreement.

Lockbox Bank” means a depository institution named by the Servicer and acceptable to the Controlling Party.

Lockbox Processing Agreement” means the Lockbox Processing Agreement, dated as of October 21, 2009, by and among the Lockbox Processor, the Servicer and the Trust Collateral Agent, as such agreement may be amended or supplemented from time to time.

Lockbox Processor” means Regulus Group II LLC, or its successors or assigns.

 

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Majority Noteholders” means the Holders of Notes representing a majority of the principal balance of the most senior Class of Notes then outstanding.

Matured Principal Shortfall” means, with respect to any Distribution Date and for any Class of Notes which would have a remaining principal balance greater than zero on such Distribution Date, after taking into account the payment of all other principal amounts to such Class on such Distribution Date, and as to which such Distribution Date is either the Final Scheduled Distribution Date for such Class, or a Distribution Date subsequent to such Final Scheduled Distribution Date, the remaining principal balance of such Class on such Distribution Date, after taking into account the payment of all other principal amounts to such Class on such Distribution Date.

Minimum Sale Price” means (i) with respect to a Receivable (x) that has become 30 to 210 days delinquent or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has been repossessed by the Servicer and has not yet been sold at auction, the product of the three month rolling average recovery rate (expressed as a percentage) for the Servicer in its liquidation of all receivables for which it acts as servicer, either pursuant to this Agreement or otherwise, multiplied by the Principal Balance of such Receivable or (ii) with respect to a Receivable (x) with respect to which the related Financed Vehicle has been repossessed by the Servicer and has been sold at auction and the Net Liquidation Proceeds for which have been deposited in the Collection Account, or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has not been repossessed by the Servicer despite the Servicer’s diligent efforts, consistent with its servicing obligations, to repossess the Financed Vehicle, $1.

Monthly Records” means all records and data maintained by the Servicer with respect to the Receivables, including the following with respect to each Receivable: the account number; the originating Dealer; Obligor name; Obligor address; Obligor home phone number; Obligor business phone number; original Principal Balance; original term; Annual Percentage Rate; current Principal Balance; current remaining term; origination date; first payment date; final scheduled payment date; next payment due date; date of most recent payment; new/used classification; collateral description; days currently delinquent; number of contract extensions (months) to date; and amount of Scheduled Receivables Payment.

Monthly Tape” has the meaning set forth in Section 4.13 hereof.

Moody’s” means Moody’s Investors Service, Inc. or its successor.

Net Liquidation Proceeds” means, with respect to a Liquidated Receivable, Liquidation Proceeds net of (i) reasonable expenses incurred by the Servicer in connection with the collection of such Receivable and the repossession and disposition of the Financed Vehicle and (ii) amounts that are required to be refunded to the Obligor on such Receivable; provided, however, that the Net Liquidation Proceeds with respect to any Receivable shall in no event be less than zero.

Note Distribution Account” means the account designated as such, established and maintained pursuant to Section 5.1.

 

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Note Pool Factor” for each Class of Notes as of the close of business on any date of determination means a seven-digit decimal figure equal to the outstanding principal amount of such Class of Notes divided by the original outstanding principal amount of such Class of Notes.

Noteholders’ Distributable Amount” means, with respect to any Distribution Date, the sum of the Noteholders’ Principal Distributable Amount and the Noteholders’ Interest Distributable Amount.

Noteholders’ Interest Carryover Amount” means, with respect to any Class of Notes and any date of determination, all or any portion of the Noteholders’ Interest Distributable Amount for the Class of Notes for the immediately preceding Distribution Date which remains unpaid as of such date of determination, plus interest on such unpaid amount, to the extent permitted by law, at the respective Interest Rate borne by the applicable Class of Notes from such immediately preceding Distribution Date to but excluding such date of determination.

Noteholders’ Interest Distributable Amount” means, with respect to any Distribution Date and Class of Notes, the sum of the Noteholders’ Monthly Interest Distributable Amount for such Distribution Date and each Class of Notes and the Noteholders’ Interest Carryover Amount, if any for such Distribution Date and each such Class. Interest on the Class A-1 Notes shall be computed on the basis of a 360-day year and the actual number of days elapsed in the applicable Interest Period; interest on all other Classes of Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months, except with respect to the first Interest Period when the Interest Period with respect to the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes and the Class C Notes will be 35 days.

Noteholders’ Monthly Interest Distributable Amount” means, with respect to any Distribution Date and any Class of Notes, interest accrued at the respective Interest Rate during the applicable Interest Period on the principal amount of the Notes of such Class outstanding as of the end of the prior Distribution Date (or, in the case of the first Distribution Date, as of the Closing Date), calculated (x) for the Class A-1 Notes on the basis of a 360-day year and the actual number of days elapsed in the applicable Interest Period and (y) for all other Classes of Notes on the basis of a 360-day year consisting of twelve 30-day months (without adjustment for the actual number of business days elapsed in the applicable Interest Period), except with respect to the first Interest Period.

Noteholders’ Principal Carryover Amount” means, as of any date of determination, all or any portion of the Noteholders’ Principal Distributable Amount from the preceding Distribution Date which remains unpaid as of such date of determination.

Noteholders’ Principal Distributable Amount” means, with respect to any Distribution Date, (other than the Final Scheduled Distribution Date for any Class of Notes), the sum of the Principal Distributable Amount for such Distribution Date and the Noteholders’ Principal Carryover Amount, if any, as of the close of the preceding Distribution Date. The Noteholders’ Principal Distributable Amount on the Final Scheduled Distribution Date for any Class of Notes will equal the sum of (i) the Principal Distributable Amount for such Distribution Date, (ii) the Noteholders’ Principal Carryover Amount as of such Distribution Date, and (iii) the excess of the outstanding principal amount of such Class of Notes, if any, over the amounts described in clauses (i) and (ii).

 

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Obligor” on a Receivable means the purchaser or co-purchasers of the Financed Vehicle and any other Person who owes payments under the Receivable.

Officers’ Certificate” means a certificate signed by the chief executive officer, the president, any executive vice president, any senior vice president, any vice president, any assistant vice president, any treasurer, any assistant treasurer, any secretary or any assistant secretary of the Seller or the Servicer, as appropriate.

Opinion of Counsel” means a written opinion of counsel satisfactory in form and substance to the Trust Collateral Agent.

Original Pool Balance” means the Pool Balance as of the Cutoff Date.

Originating Affiliate” means an Affiliate of AmeriCredit that has originated Receivables and assigned its full interest therein to AmeriCredit.

Other Conveyed Property” means all property conveyed by the Seller to the Trust pursuant to Section 2.1(b) through (i) of this Agreement.

Owner Trust Estate” has the meaning assigned to such term in the Trust Agreement.

Owner Trustee” means Wilmington Trust Company, not in its individual capacity but solely as Owner Trustee under the Trust Agreement, its successors in interest or any successor Owner Trustee under the Trust Agreement.

Person” means any individual, corporation, estate, partnership, joint venture, association, joint stock company, trust (including any beneficiary thereof), unincorporated organization or government or any agency or political subdivision thereof.

Physical Property” has the meaning assigned to such term in the definition of “Delivery” above.

Pool Balance” means, as of any date of determination, the aggregate Principal Balance of the Receivables (excluding Purchased Receivables and Liquidated Receivables) at the end of the preceding calendar month.

Principal Balance” means, with respect to any Receivable, as of any date, the sum of (x) the Amount Financed minus (i) that portion of all amounts received on or prior to such date and allocable to principal in accordance with the terms of the Receivable and (ii) any Cram Down Loss in respect of such Receivable plus (y) the accrued and unpaid interest on such Receivable.

Principal Distributable Amount” means, with respect to any Distribution Date, the amount equal to the excess, if any, of (x) the sum of (i) the principal portion of all Collected Funds received during the immediately preceding Collection Period (other than Liquidated Receivables and Purchased Receivables), (ii) the Principal Balance of all Receivables that

 

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became Liquidated Receivables during the related Collection Period (other than Purchased Receivables), (iii) the principal portion of the Purchase Amounts received with respect to all Receivables that became Purchased Receivables during the related Collection Period, (iv) the aggregate amount of Cram Down Losses that shall have occurred during the related Collection Period; and (v) following the acceleration of the Notes pursuant to Section 5.2 of the Indenture, the amount of money or property collected pursuant to Section 5.4 of the Indenture since the preceding Determination Date by the Trust Collateral Agent for distribution pursuant to Section 5.7 hereof over (y) the Step-Down Amount, if any, for such Distribution Date.

Pro Forma Note Balance” means, with respect to any Distribution Date, the aggregate remaining principal amount of the Notes outstanding on such Distribution Date, after giving effect to distributions pursuant to clauses (i) through (xii) of Section 5.7(a) hereof.

Prospectus Supplement” means the prospectus supplement, dated as of November [__], 2009, relating to the offering of the Notes, as filed with the Commission.

Purchase Agreement” means the Purchase Agreement between the Seller and AmeriCredit, dated as of October 21, 2009, pursuant to which the Seller acquires the Receivables, as such Agreement may be amended from time to time.

Purchase Amount” means, with respect to a Purchased Receivable, the Principal Balance and all accrued and unpaid interest on the Receivable, after giving effect to the receipt of any moneys collected (from whatever source) on such Receivable, if any.

Purchased Receivable” means a Receivable purchased as of the close of business on the last day of a Collection Period by the Servicer pursuant to Sections 4.2, 4.4(c) or 4.7 or repurchased by the Seller or the Servicer pursuant to Section 3.2 or Section 10.1(a).

Rating Agency” means Moody’s and Standard & Poor’s. If no such organization or successor maintains a rating on the Securities, “Rating Agency” shall be a nationally recognized statistical rating organization or other comparable Person designated by the Seller, notice of which designation shall be given to the Trust Collateral Agent, the Owner Trustee and the Servicer.

Rating Agency Condition” means, with respect to any action, that Moody’s and Standard & Poor’s shall have been given 10 days’ (or such shorter period as shall be acceptable to each Rating Agency) prior notice thereof and that (a) with respect to Standard & Poor’s, such Rating Agency has notified the Seller, the Servicer, the Owner Trustee and the Trust Collateral Agent in writing that such action will not result in a reduction or withdrawal of the then current rating of any Class of Notes, and (b) with respect to Moody’s, such Rating Agency has not notified the Seller, the Servicer, the Owner Trustee or the Trust Collateral Agent in writing that such action will result in a reduction or withdrawal of the then current rating of any Class of Notes.

Realized Losses” means, with respect to any Receivable that becomes a Liquidated Receivable, the excess of the Principal Balance of such Liquidated Receivable over Net Liquidation Proceeds to the extent allocable to principal.

 

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Receivables” means the Contracts listed on Schedule A attached hereto (which Schedule may be in the form of microfiche or a disk).

Receivable Files” means the documents specified in Section 3.3.

Record Date” means, with respect to each Distribution Date, the Business Day immediately preceding such Distribution Date, unless otherwise specified in the Indenture.

Registrar of Titles” means, with respect to any state, the governmental agency or body responsible for the registration of, and the issuance of certificates of title relating to, motor vehicles and liens thereon.

Regulation AB” means Subpart 229.1100- Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1123, as such may be amended from time to time and subject to such clarification and interpretation as have been provided by the Commission in the adopting release (Asset-Backed Securities, Securities Act Release No. 33-8518.70 Fed. Reg. 1,506,1,531 (January 7, 2005)) or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time.

Required Pro Forma Note Balance” means, with respect to any Distribution Date, a dollar amount equal to (x) the Pool Balance as of the end of the prior calendar month minus (y) the excess of (i) 31.25% of the Pool Balance as of the end of the prior calendar month over (ii) the Specified Reserve Balance.

Reserve Account” means the account designated as such, established and maintained pursuant to Section 5.1(a)(iii) hereof.

Reserve Account Deposit Amount” means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xii) of Section 5.7(a).

Reserve Account Withdrawal Amount” means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xi) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

Responsible Officer” means, with respect to any Person, any Executive Vice President, Senior Vice President, Vice President, Assistant Vice President, Treasurer, Assistant Treasurer, Secretary, Assistant Secretary, or any other officer of such Person customarily performing functions similar to those performed by any of the above designated officers and also, with respect to a particular matter, any other officer to whom such matter is referred because of such officer’s knowledge of and familiarity with the particular subject.

 

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Sale Amount” means, with respect to any Sold Receivable, the amount received from the related third-party purchaser as payment for such Sold Receivable.

Sale and Servicing Agreement Collateral” has the meaning specified in Section 2.4 hereof.

Schedule of Receivables” means the schedule of all motor vehicle retail installment sales contracts and promissory notes originally held as part of the Trust which is attached as Schedule A (which Schedule may be in the form of microfiche or a disk).

Schedule of Representations” means the Schedule of Representations and Warranties attached hereto as Schedule B.

Scheduled Receivables Payment” means, with respect to any Collection Period for any Receivable, the amount set forth in such Receivable as required to be paid by the Obligor in such Collection Period. If after the Closing Date, the Obligor’s obligation under a Receivable with respect to a Collection Period has been modified so as to differ from the amount specified in such Receivable as a result of (i) the order of a court in an insolvency proceeding involving the Obligor, (ii) pursuant to the Servicemembers Civil Relief Act or (iii) modifications or extensions of the Receivable permitted by Section 4.2(b), the Scheduled Receivables Payment with respect to such Collection Period shall refer to the Obligor’s payment obligation with respect to such Collection Period as so modified.

Seller” means AFS SenSub Corp., a Nevada corporation, and its successors in interest to the extent permitted hereunder.

Service Contract” means, with respect to a Financed Vehicle, the agreement, if any, financed under the related Receivable that provides for the repair of such Financed Vehicle.

Servicer” means AmeriCredit Financial Services, Inc., as the servicer of the Receivables, and each successor servicer pursuant to Section 9.3.

Servicer Termination Event” means an event specified in Section 9.1.

Servicer’s Certificate” means an Officers’ Certificate of the Servicer delivered pursuant to Section 4.9, substantially in the form of Exhibit A.

Servicing Fee” has the meaning specified in Section 4.8.

Servicing Fee Rate” means 1.50% per annum.

Simple Interest Method” means the method of allocating a fixed level payment on an obligation between principal and interest, pursuant to which the portion of such payment that is allocated to interest is equal to the product of the fixed rate of interest on such obligation multiplied by the period of time (expressed as a fraction of a year, based on the actual number of days in the calendar month and 365 days in the calendar year) elapsed since the preceding payment under the obligation was made.

 

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Sold Receivable” means a Receivable that was more than 30 days delinquent and was sold to an unaffiliated third party by the Issuer, at the Servicer’s direction, as of the close of business on the last day of a Collection Period and in accordance with the provisions of Section 4.3(c) hereof.

Specified Reserve Balance” means, with respect to any Distribution Date, $2,944,897.35; provided, that the Specified Reserve Balance will in no event exceed the outstanding principal amount of the Notes on such Distribution Date after giving effect to distributions pursuant to clauses (i) through (xii) of Section 5.7(a) hereof.

Standard & Poor’s” means Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business, or its successor.

Step-Down Amount” means, with respect to any Distribution Date, the excess, if any, of (x) the Required Pro Forma Note Balance over (y) the Pro Forma Note Balance on such Distribution Date, calculated for this purpose only without deduction for any Step-Down Amount (i.e., assuming that the entire amount described in clause (x) of the definition of “Principal Distributable Amount” is distributed as principal on the Notes); provided, however, that the Step-Down Amount in no event may exceed the amount that would reduce the positive difference, if any, of the Pool Balance minus the Pro Forma Note Balance, to an amount less than $2,944,897.35, which is 1.0% of the initial Pool Balance.

Supplemental Servicing Fee” means, with respect to any Collection Period, all administrative fees, expenses and charges paid by or on behalf of Obligors, including late fees, prepayment fees and liquidation fees collected on the Receivables during such Collection Period but excluding any fees or expenses related to extensions.

Third-Party Lender” means an entity that originated a loan to a consumer for the purchase of a motor vehicle and sold the loan to AmeriCredit [or an Originating Affiliate] pursuant to an Auto Loan Purchase and Sale Agreement.

Third-Party Lender Assignment” means, with respect to a Receivable, the executed assignment executed by a Third-Party Lender conveying such Receivable to AmeriCredit or an Originating Affiliate.

Titled Third-Party Lender” means a Third-Party Lender that has agreed to assist AmeriCredit or any successor servicer, to the extent necessary, with any repossession or legal action in respect of Financed Vehicles with respect to which such Third-Party Lender has assigned its full interest therein to AmeriCredit or an Originating Affiliate and is listed as first lienholder or secured party on the Lien Certificate relating to such Financed Vehicle.

Total Available Funds” has the meaning assigned thereto in Section 5.7(a).

Trust” means the Issuer.

Trust Account Property” means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.

 

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Trust Accounts” has the meaning assigned thereto in Section 5.1.

Trust Agreement” means the Trust Agreement dated as of October 14, 2009, between the Seller and the Owner Trustee, as amended and restated as of October 21, 2009, as the same may be amended and supplemented from time to time.

Trust Collateral Agent” means the Person acting as Trust Collateral Agent hereunder, its successors in interest and any successor Trust Collateral Agent hereunder.

Trust Officer” means, (i) in the case of the Trust Collateral Agent, the chairman or vice-chairman of the board of directors, any managing director, the chairman or vice-chairman of the executive committee of the board of directors, the president, any vice president, assistant vice president, the secretary, any assistant secretary, the treasurer, any assistant treasurer, the cashier, any assistant cashier, any trust officer or assistant trust officer, the controller and any assistant controller or any other officer of the Trust Collateral Agent customarily performing functions similar to those performed by any of the above designated officers and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of such officer’s knowledge of and familiarity with the particular subject, and (ii) in the case of the Owner Trustee, any officer in the corporate trust office of the Owner Trustee or any agent of the Owner Trustee under a power of attorney with direct responsibility for the administration of this Agreement or any of the Basic Documents on behalf of the Owner Trustee.

Trust Property” means the property and proceeds conveyed pursuant to Section 2.1, together with certain monies paid on or after the Cutoff Date, the Collection Account (including all Eligible Investments therein and all proceeds therefrom), the Lockbox Account, the Reserve Account (including all Eligible Investments therein and all proceeds therefrom), the Note Distribution Account (including all Eligible Investments therein and all proceeds therefrom) and certain other rights under this Agreement.

Trustee” means the Person acting as Trustee under the Indenture, its successors in interest and any successor trustee under the Indenture.

UCC” means the Uniform Commercial Code as in effect in the relevant jurisdiction on the date of the Agreement.

SECTION 1.2. Other Definitional Provisions.

(a) Capitalized terms used herein and not otherwise defined herein have meanings assigned to them in the Indenture, or, if not defined therein, in the Trust Agreement.

(b) All terms defined in this Agreement shall have the defined meanings when used in any instrument governed hereby and in any certificate or other document made or delivered pursuant hereto unless otherwise defined therein.

 

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(c) As used in this Agreement, in any instrument governed hereby and in any certificate or other document made or delivered pursuant hereto or thereto, accounting terms not defined in this Agreement or in any such instrument, certificate or other document, and accounting terms partly defined in this Agreement or in any such instrument, certificate or other document to the extent not defined, shall have the respective meanings given to them under generally accepted accounting principles as in effect on the date of this Agreement or any such instrument, certificate or other document, as applicable. To the extent that the definitions of accounting terms in this Agreement or in any such instrument, certificate or other document are inconsistent with the meanings of such terms under generally accepted accounting principles, the definitions contained in this Agreement or in any such instrument, certificate or other document shall control.

(d) The words “hereof,” “herein,” “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement; Section, Schedule and Exhibit references contained in this Agreement are references to Sections, Schedules and Exhibits in or to this Agreement unless otherwise specified; and the term “including” shall mean “including without limitation.”

(e) The definitions contained in this Agreement are applicable to the singular as well as the plural forms of such terms and to the masculine as well as to the feminine and neuter genders of such terms.

(f) Any agreement, instrument or statute defined or referred to herein or in any instrument or certificate delivered in connection herewith means such agreement, instrument or statute as from time to time amended, modified or supplemented and includes (in the case of agreements or instruments) references to all attachments thereto and instruments incorporated therein; references to a Person are also to its permitted successors and assigns.

ARTICLE II

Conveyance of Receivables

SECTION 2.1. Conveyance of Receivables. In consideration of the Issuer’s delivery to or upon the order of the Seller on the Closing Date of the net proceeds from the sale of the Notes and the other amounts to be distributed from time to time to the Seller in accordance with the terms of this Agreement, the Seller does hereby sell, transfer, assign, set over and otherwise convey to the Issuer, without recourse (subject to the Seller’s obligations set forth herein) and the Issuer hereby purchases, all right, title and interest of the Seller in and to the following property, whether now owned or existing or hereafter acquired or arising:

(a) the Receivables and all moneys received thereon after the Cutoff Date;

(b) the security interests in the Financed Vehicles granted by Obligors pursuant to the Receivables and any other interest of the Seller in such Financed Vehicles;

(c) any proceeds and the right to receive proceeds with respect to the Receivables from claims on any physical damage, credit life or disability insurance policies covering Financed Vehicles or Obligors and any proceeds from the liquidation of the Receivables;

 

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(d) any proceeds from any Receivable repurchased by a Dealer pursuant to a Dealer Agreement or a Third-Party Lender pursuant to an Auto Loan Purchase and Sale Agreement as a result of a breach of representation or warranty in the related Dealer Agreement or Auto Loan Purchase and Sale Agreement;

(e) all rights under any Service Contracts on the related Financed Vehicles;

(f) the related Receivable Files;

(g) all of the Seller’s right, title and interest in its rights and benefits, but none of its obligations or burdens, under the Purchase Agreement, and the delivery requirements, representations and warranties and the cure and repurchase obligations of AmeriCredit under the Purchase Agreement;

(h) all of the Seller’s (i) Accounts, (ii) Chattel Paper, (iii) Documents, (iv) Instruments and (v) General Intangibles (as such terms are defined in the UCC) relating to the property described in (a) through (g); and

(i) all proceeds and investments with respect to items (a) through (h).

SECTION 2.2. [Reserved]

SECTION 2.3. Further Encumbrance of Trust Property.

(a) Immediately upon the conveyance to the Trust by the Seller of any item of the Trust Property pursuant to Section 2.1, all right, title and interest of the Seller in and to such item of Trust Property shall terminate, and all such right, title and interest shall vest in the Trust, in accordance with the Trust Agreement and Sections 3802 and 3805 of the Statutory Trust Statute (as defined in the Trust Agreement).

(b) Immediately upon the vesting of the Trust Property in the Trust, the Trust shall have the sole right to pledge or otherwise encumber, such Trust Property. Pursuant to the Indenture, the Trust shall grant a security interest in the Trust Property to the Trust Collateral Agent securing the repayment of the Notes. The Certificates shall represent the beneficial ownership interest in the Trust Property, and the Certificateholders shall be entitled to receive distributions with respect thereto as set forth herein.

(c) Following the payment in full of the Notes and the release and discharge of the Indenture, all covenants of the Issuer under Article III of the Indenture shall, until payment in full of the Certificates, remain as covenants of the Issuer for the benefit of the Certificateholders, enforceable by the Certificateholders to the same extent as such covenants were enforceable by the Noteholders prior to the discharge of the Indenture. Any rights of the Trustee under Article III of the Indenture, following the discharge of the Indenture, shall vest in Certificateholders.

(d) The Trust Collateral Agent shall, at such time as there are no Notes or Certificates outstanding and all sums due to (i) the Trustee pursuant to the Indenture and (ii) the Trust Collateral Agent pursuant to this Agreement and (iii) the Backup Servicer pursuant to this Agreement, have been paid, release any remaining portion of the Trust Property to the Seller.

 

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SECTION 2.4. Intention of the Parties.

The execution and delivery of this Agreement shall constitute an acknowledgment by the Seller and the Issuer that they intend that the assignment and transfer herein contemplated constitute a sale and assignment outright, and not for security, of the Receivables and Other Conveyed Property, for non-tax purposes, conveying good title thereto free and clear of any Liens, from the Seller to the Issuer, and that the Receivables and the Other Conveyed Property shall not be a part of the Seller’s estate in the event of a bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding, or other proceeding under any federal or state bankruptcy or similar law, or the occurrence of another similar event, of, or with respect to the Seller. In the event that such conveyance is determined to be made as security for a loan made by the Issuer, the Noteholders or the Certificateholder to the Seller, the Seller hereby grants to the Issuer a security interest in all of the Seller’s right, title and interest in and to the following property for the benefit of the Issuer Secured Parties, whether now owned or existing or hereafter acquired or arising, and this Agreement shall constitute a security agreement under applicable law (collectively, the “Sale and Servicing Agreement Collateral”):

(i) the Receivables and all moneys received thereon after the Cutoff Date;

(ii) the security interests in the Financed Vehicles granted by Obligors pursuant to the Receivables and any other interest of the Seller in such Financed Vehicles;

(iii) any proceeds and the right to receive proceeds with respect to the Receivables from claims on any physical damage, credit life or disability insurance policies covering Financed Vehicles or Obligors and any proceeds from the liquidation of the Receivables;

(iv) any proceeds from any Receivable repurchased by a Dealer pursuant to a Dealer Agreement or a Third-Party Lender pursuant to an Auto Loan Purchase and Sale Agreement as a result of a breach of representation or warranty in the related Dealer Agreement or Auto Loan Purchase and Sale Agreement;

(v) all rights under any Service Contracts on the related Financed Vehicles;

(vi) the related Receivable Files;

(vii) all of the Seller’s right, title and interest in its rights and benefits, but none of its obligations or burdens, under the Purchase Agreement, and the delivery requirements, representations and warranties and the cure and repurchase obligations of AmeriCredit under the Purchase Agreement;

(viii) all of the Seller’s (a) Accounts, (b) Chattel Paper, (c) Documents, (d) Instruments and (e) General Intangibles (as such terms are defined in the UCC) relating to the property described in (i) through (vii); and

(ix) all proceeds and investments with respect to items (i) through (viii).

 

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ARTICLE III

The Receivables

SECTION 3.1. Representations and Warranties of Seller. The Seller hereby represents and warrants that each of the representations and warranties set forth on the Schedule of Representations attached hereto as Schedule B is true and correct on which the Issuer is deemed to have relied in acquiring the Receivables. Such representations and warranties speak as of the execution and delivery of this Agreement and as of the Closing Date, but shall survive the sale, transfer and assignment of the Receivables to the Issuer and the pledge thereof to the Trust Collateral Agent pursuant to the Indenture and shall not be waived.

SECTION 3.2. Repurchase upon Breach.

(a) The Seller, the Servicer, the Backup Servicer, the Trust Collateral Agent or the Owner Trustee, as the case may be, shall inform the other parties to this Agreement promptly, by notice in writing, upon the discovery of any breach of the Seller’s representations and warranties made pursuant to Section 3.1. As of the last day of the second (or, if the Seller so elects, the first) month following the discovery by the Seller or receipt by the Seller of notice of such breach, unless such breach is cured by such date, the Seller shall have an obligation to repurchase any Receivable in which the interests of the Noteholders are materially and adversely affected by any such breach as of such date. The “second month” shall mean the month following the month in which discovery occurs or notice is given, and the “first month” shall mean the month in which discovery occurs or notice is given. In consideration of and simultaneously with the repurchase of the Receivable, the Seller shall remit, or cause AmeriCredit to remit, to the Collection Account the Purchase Amount in the manner specified in Section 5.6 and the Issuer shall execute such assignments and other documents reasonably requested by such person in order to effect such repurchase. The sole remedy of the Issuer, the Owner Trustee, the Trust Collateral Agent, the Trustee, the Backup Servicer or the Noteholders with respect to a breach of representations and warranties pursuant to Section 3.1 and the agreement contained in this Section shall be the repurchase of Receivables pursuant to this Section, subject to the conditions contained herein or to enforce the obligation of AmeriCredit to the Seller to repurchase such Receivables pursuant to the Purchase Agreement. Neither the Owner Trustee, the Trust Collateral Agent nor the Trustee shall have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase of any Receivable pursuant to this Section.

In addition to the foregoing and notwithstanding whether the related Receivable shall have been purchased by the Seller, the Seller shall indemnify the Trust, the Trustee, the Backup Servicer, the Trust Collateral Agent and the officers, directors, agents and employees thereof, and the Noteholders against all costs, expenses, losses, damages, claims and liabilities, including reasonable fees and expenses of counsel, which may be asserted against or incurred by any of them as a result of third party claims arising out of the events or facts giving rise to such breach.

(b) Pursuant to Section 2.1 of this Agreement, the Seller conveyed to the Trust all of the Seller’s right, title and interest in its rights and benefits, but none of its obligations or burdens, under the Purchase Agreement including the Seller’s rights under the Purchase Agreement and the delivery requirements, representations and warranties and the cure or repurchase obligations of

 

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AmeriCredit thereunder. The Seller hereby represents and warrants to the Trust that such assignment is valid, enforceable and effective to permit the Trust to enforce such obligations of AmeriCredit under the Purchase Agreement. Any purchase by AmeriCredit pursuant to the Purchase Agreement shall be deemed a purchase by the Seller pursuant to this Section 3.2 and the definition of Purchased Receivable.

SECTION 3.3. Custody of Receivable Files.

(a) In connection with the sale, transfer and assignment of the Receivables and the Other Conveyed Property to the Trust pursuant to this Agreement and simultaneously with the execution and delivery of this Agreement, the Trust Collateral Agent shall enter into the Custodian Agreement with the Custodian, dated as of October 21, 2009, pursuant to which the Trust Collateral Agent shall revocably appoint the Custodian, and the Custodian shall accept such appointment, to act as the agent of the Trust Collateral Agent as custodian of the following documents or instruments in its possession or control (the “Receivable Files”) which shall be delivered to the Custodian as agent of the Trust Collateral Agent on or before the Closing Date (with respect to each Receivable):

(i) The fully executed original (or with respect to “electronic chattel paper”, the authoritative copy) of the Contract; and

(ii) The Lien Certificate (when received), and otherwise such documents, if any, that AmeriCredit keeps on file in accordance with its customary procedures indicating that the Financed Vehicle is owned by the Obligor and subject to the interest of AmeriCredit (or an Originating Affiliate or a Titled Third-Party Lender) as first lienholder or secured party (including any Lien Certificate received by AmeriCredit), or, if such Lien Certificate has not yet been received, a copy of the application therefor, showing AmeriCredit (or an Originating Affiliate or a Titled Third-Party Lender) as secured party.

(b) If the Trust Collateral Agent is acting as the Custodian pursuant to Section 8 of the Custodian Agreement, the Trust Collateral Agent shall be deemed to have assumed the obligations of the Custodian (except for any liabilities incurred by the predecessor Custodian) specified in the Custodian Agreement until such time as a successor Custodian has been appointed. Upon payment in full of any Receivable, the Servicer will notify the Custodian pursuant to a certificate of an officer of the Servicer (which certificate shall include a statement to the effect that all amounts received in connection with such payments which are required to be deposited in the Collection Account pursuant to Section 4.1 have been so deposited) and shall request delivery of the Receivable and Receivable File to the Servicer. Upon the sale of any Receivable pursuant to Section 4.3(c) hereof, the Servicer will notify the Custodian pursuant to a certificate of an officer of the Servicer (which certificate shall include a statement to the effect that all amounts received in connection with such sale which are required to be deposited in the Collection Account pursuant to Section 4.3(c) have been so deposited) and shall request delivery of the Receivable and Receivable File to the purchaser of such Receivable. From time to time as appropriate for servicing and enforcing any Receivable, the Custodian shall, upon written request of an officer of the Servicer and delivery to the Custodian of a receipt signed by such officer, cause the original Receivable and the related Receivable File to be released to the Servicer. The

 

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Servicer’s receipt of a Receivable and/or Receivable File shall obligate the Servicer to return the original Receivable and the related Receivable File to the Custodian when its need by the Servicer has ceased unless the Receivable is repurchased as described in Section 3.2, 4.2 or 4.7.

ARTICLE IV

Administration and Servicing of Receivables

SECTION 4.1. Duties of the Servicer and the Backup Servicer

(a) The Servicer is hereby authorized to act as agent for the Trust and in such capacity shall manage, service, administer and make collections on the Receivables, and perform the other actions required by the Servicer under this Agreement. The Servicer agrees that its servicing of the Receivables shall be carried out in accordance with customary and usual procedures of institutions which service motor vehicle retail installment sales contracts and, to the extent more exacting, the degree of skill and attention that the Servicer exercises from time to time with respect to all comparable motor vehicle receivables that it services for itself or others. In performing such duties, so long as AmeriCredit is the Servicer, it shall substantially comply with the policies and procedures described on Schedule C, as such policies and procedures may be updated from time to time. The Servicer’s duties shall include, without limitation, collection and posting of all payments, responding to inquiries of Obligors on the Receivables, investigating delinquencies, sending payment coupons to Obligors, reporting any required tax information to Obligors, monitoring the collateral, complying with the terms of the Lockbox Agreements, accounting for collections and furnishing monthly and annual statements to the Trust Collateral Agent and the Trustee with respect to distributions, monitoring the status of Insurance Policies with respect to the Financed Vehicles and performing the other duties specified herein.

The Servicer, or if AmeriCredit is no longer the Servicer, AmeriCredit, at the request of the Servicer, shall also administer and enforce all rights and responsibilities of the holder of the Receivables provided for in the Dealer Agreements and Auto Loan Purchase and Sale Agreements (and shall maintain possession of the Dealer Agreements and Auto Loan Purchase and Sale Agreements, to the extent it is necessary to do so), the Dealer Assignments, the Third-Party Lender Assignments and the Insurance Policies, to the extent that such Dealer Agreements, Auto Loan Purchase and Sale Agreements, Dealer Assignments, Third-Party Lender Assignments and Insurance Policies relate to the Receivables, the Financed Vehicles or the Obligors. To the extent consistent with the standards, policies and procedures otherwise required hereby, the Servicer shall follow its customary standards, policies, and procedures and shall have full power and authority, acting alone, to do any and all things in connection with such managing, servicing, administration and collection that it may deem necessary or desirable. Without limiting the generality of the foregoing, the Servicer is hereby authorized and empowered by the Trust to execute and deliver, on behalf of the Trust, any and all instruments of satisfaction or cancellation, or of partial or full release or discharge, and all other comparable instruments, with respect to the Receivables and with respect to the Financed Vehicles; provided, however, that notwithstanding the foregoing, the Servicer shall not, except pursuant to an order from a court of competent jurisdiction, release an Obligor from payment of any unpaid amount under any Receivable or waive the right to collect the unpaid balance of any Receivable from the Obligor, except in accordance with the Servicer’s customary practices as reflected in the Servicing Policies and Procedures attached hereto as Schedule C.

 

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The Servicer is hereby authorized to commence, in its own name or in the name of the Trust, a legal proceeding to enforce a Receivable pursuant to Section 4.3 or to commence or participate in any other legal proceeding (including, without limitation, a bankruptcy proceeding) relating to or involving a Receivable, an Obligor or a Financed Vehicle. If the Servicer commences or participates in such a legal proceeding in its own name, the Trust shall thereupon be deemed to have automatically assigned such Receivable to the Servicer solely for purposes of commencing or participating in any such proceeding as a party or claimant, and the Servicer is authorized and empowered by the Trust to execute and deliver in the Servicer’s name any notices, demands, claims, complaints, responses, affidavits or other documents or instruments in connection with any such proceeding. The Trust Collateral Agent and the Owner Trustee shall furnish the Servicer with any limited powers of attorney and other documents which the Servicer may reasonably request and which the Servicer deems necessary or appropriate and take any other steps which the Servicer may deem necessary or appropriate to enable the Servicer to carry out its servicing and administrative duties under this Agreement.

As set forth in Section 9.3, in the event the Servicer fails to perform its obligations hereunder, the Backup Servicer shall be responsible for the Servicer’s duties in this Agreement as if it were the Servicer, provided that the Backup Servicer shall not be liable for the Servicer’s breach of its obligations.

(b) The Backup Servicer shall have the following duties: (i) prior to the Closing Date, the Backup Servicer shall have conducted an on-site visit of the Servicer’s operations in connection with this or similar Agreements, (ii) shall conduct periodic on-site visits not more than every 12 months to meet with appropriate operations personnel to discuss any changes in processes and procedures that have occurred since the last visit, (iii) prior to the Closing Date, the Backup Servicer shall have completed all data-mapping, and (iv) not more than once per year, update or amend the data-mapping by effecting a data-map refresh upon receipt of written notice from the Servicer specifying updated or amended fields, if any, in (a) fields in the Monthly Tape or (b) fields confirmed in the original data-mapping referred to in clause (iii) above. Each on-site visit shall be at the cost of AmeriCredit.

SECTION 4.2. Collection of Receivable Payments; Modifications of Receivables; Lockbox Agreements.

(a) Consistent with the standards, policies and procedures required by this Agreement, the Servicer shall make reasonable efforts to collect all payments called for under the terms and provisions of the Receivables as and when the same shall become due, and shall follow such collection procedures as it follows with respect to all comparable automobile receivables that it services for itself or others and otherwise act with respect to the Receivables, the Dealer Agreements, the Dealer Assignments, the Auto Loan Purchase and Sale Agreements, the Third-Party Lender Assignments, the Insurance Policies and the Other Conveyed Property in such manner as will, in the reasonable judgment of the Servicer, maximize the amount to be received by the Trust with respect thereto, including directing the Issuer to sell the Receivables pursuant to Section 4.3(c) hereof. The Servicer is authorized in its discretion to waive any prepayment charge, late payment charge or any other similar fees that may be collected in the ordinary course of servicing any Receivable.

 

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(b) The Servicer may (A) at any time agree to a modification or amendment of a Receivable in order to (i) not more than once per year, change the Obligor’s regular monthly due date to a date that shall in no event be later than 30 days after the original monthly due date of that Receivable or (ii) re-amortize the Scheduled Receivables Payments on the Receivable (x) following a partial prepayment of principal, in accordance with its customary procedures or (y) following the Obligor’s reinstatement based on local laws or (B) may direct the Issuer to sell the Receivables pursuant to Section 4.3 hereof, if the Servicer believes in good faith that such extension, modification, amendment or sale is necessary to avoid a default on such Receivable, will maximize the amount to be received by the Trust with respect to such Receivable, and is otherwise in the best interests of the Trust.

(c) The Servicer may grant payment extensions on, or other modifications or amendments to, a receivable (in addition to those modifications permitted by Section 4.2(b) hereof), in accordance with its customary procedures if the Servicer believes in good faith that such extension, modification or amendment is necessary to avoid a default on such Receivable, will maximize the amount to be received by the Trust with respect to such Receivable, and is otherwise in the best interests of the Trust; provided, however, that:

(i) The aggregate period of all extensions on a Receivable shall not exceed eight months; and

(ii) In no event may a Receivable be extended beyond the Collection Period immediately preceding the latest Final Scheduled Distribution Date.

(d) The Servicer shall use its best efforts to notify or direct Obligors to make all payments on the Receivables, whether by check or by direct debit of the Obligor’s bank account, to be made directly to one or more Lockbox Banks, acting as agent for the Trust pursuant to a Lockbox Account Agreement. The Servicer shall use its best efforts to notify or direct any Lockbox Bank to deposit all payments on the Receivables in the Lockbox Account no later than the Business Day after receipt, and to cause all amounts credited to the Lockbox Account on account of such payments to be transferred to the Collection Account no later than the second Business Day after receipt of such payments. The Lockbox Account shall be a demand deposit account held by the Lockbox Bank.

Prior to the Closing Date, the Servicer shall have notified each Obligor that makes its payments on the Receivables by check to make such payments thereafter directly to the Lockbox Processor (except in the case of Obligors that have already been making such payments to the Lockbox Processor), and shall have provided each such Obligor with remittance invoices in order to enable such Obligors to make such payments directly to the Lockbox Processor for deposit into the Lockbox Account, and the Servicer will continue, not less often than every three months, to so notify those Obligors who have failed to make payments to the Lockbox Processor. If at any time, an Obligor’s bank account cannot be accessed by direct debit and if such inability is not cured within 15 days or cannot be cured by execution by the Obligor of a new authorization for automatic payment, the Servicer shall notify such Obligor that it cannot make payment by direct debit and must thereafter make payment by check.

 

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Notwithstanding any Lockbox Agreement, or any of the provisions of this Agreement relating to the Lockbox Agreements, the Servicer shall remain obligated and liable to the Trust, the Trust Collateral Agent and Noteholders for servicing and administering the Receivables and the Other Conveyed Property in accordance with the provisions of this Agreement without diminution of such obligation or liability by virtue thereof; provided, however, that the foregoing shall not apply to any Backup Servicer for so long as a Lockbox Bank and the Lockbox Processor are performing their respective obligations pursuant to the terms of the Lockbox Agreements.

In the event of a termination of the Servicer, the successor Servicer shall assume all of the rights and obligations of the outgoing Servicer under the Lockbox Agreements subject to the terms hereof. In such event, the successor Servicer shall be deemed to have assumed all of the outgoing Servicer’s interest therein and to have replaced the outgoing Servicer as a party to each such Lockbox Agreement to the same extent as if such Lockbox Agreements had been assigned to the successor Servicer, except that the outgoing Servicer shall not thereby be relieved of any liability or obligations on the part of the outgoing Servicer to the Lockbox Bank or the Lockbox Processor under such Lockbox Agreements. The outgoing Servicer shall, upon request of the Trust Collateral Agent, but at the expense of the outgoing Servicer, deliver to the successor Servicer all documents and records relating to each such Lockbox Agreement and an accounting of amounts collected and held by the Lockbox Processor and the Lockbox Bank and otherwise use its best efforts to effect the orderly and efficient transfer of the Lockbox Agreements to the successor Servicer. In the event that the Majority Noteholders elect to change the identity of the Lockbox Bank or Lockbox Processor, the outgoing Servicer, at its expense, shall cause the Lockbox Bank to deliver, at the direction of the Majority Noteholders to the Trust Collateral Agent or a successor Lockbox Bank or Lockbox Processor, all documents and records relating to the Receivables and all amounts held (or thereafter received) by the Lockbox Bank or the Lockbox Processor (together with an accounting of such amounts) and shall otherwise use its best efforts to effect the orderly and efficient transfer of the lockbox arrangements and the Servicer shall notify the Obligors to make payments to the lockbox arrangements established by the successor.

(e) The Servicer shall remit all payments by or on behalf of the Obligors received directly by the Servicer to the Lockbox Bank as soon as practicable, but in no event later than the second Business Day after receipt thereof, and such amounts shall be deposited into the Lockbox Account and transferred from the Lockbox Account to the Collection Account in accordance with Section 4.2(d) hereof.

(f) AmeriCredit shall not cause or permit the substitution of the Financed Vehicle relating to a Receivable unless: (i) the substitution is a replacement of the Financed Vehicle originally financed under the related Receivable; (ii) the Financed Vehicle originally financed under the related Receivable was either (x) insured under an Insurance Policy as required under Section 4.4(a) at the time of a casualty loss that is treated as a total loss under such Insurance Policy, (y) deemed to be a “lemon” pursuant to applicable state law and repurchased by the related Dealer or (z) the subject of an order by a court of competent jurisdiction directing

 

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AmeriCredit to substitute another vehicle under the related Receivable; (iii) the related Receivable is not more than 30 days delinquent; (iv) the Obligor is deemed to be in “good standing” by the Servicer and is not in breach of any requirement under the related Receivable; (v) the replacement Financed Vehicle has a book value (N.A.D.A.) at least equal to the book value (N.A.D.A.) of the Financed Vehicle that is being replaced, measured immediately before the casualty loss or replacement by the Dealer and (vi) as of the date of such substitution, the replacement Financed Vehicle’s mileage is no greater than the mileage on the Financed Vehicle that is being replaced; provided, however, that if the substitution is made pursuant to clause (ii)(z), above, clauses (iii) through (vi) inclusive, shall not be applicable. AmeriCredit shall not cause or permit the substitution of Financed Vehicles relating to Receivables having an original aggregate Principal Balance greater than two percent (2%) of the Original Pool Balance, (the “Substitution Limit”). In the event that the Substitution Limit is exceeded for any reason, (i) AmeriCredit shall, on or before the next following Accounting Date, repurchase a sufficient number of such Receivables to cause the aggregate original Principal Balances of such Receivables to be less than the Substitution Limit or (ii) if AmeriCredit is not the Servicer and the Servicer has caused substitutions to be made hereunder pursuant to the circumstances described in clause (ii)(x), above, the Servicer shall, on or before the next following Accounting Date, repurchase a sufficient number of such Receivables to cause the aggregate original Principal Balances of such Receivables to be less than the Substitution Limit.

SECTION 4.3. Realization upon Receivables.

(a) In addition to the Servicer’s ability to direct the Issuer to sell Receivables pursuant to Section 4.3(c) hereof, and consistent with the standards, policies and procedures required by this Agreement, the Servicer shall use its best efforts to repossess (or otherwise comparably convert the ownership of) and liquidate any Financed Vehicle securing a Receivable with respect to which the Servicer has determined that payments thereunder are not likely to be resumed, as soon as is practicable; provided, however, that the Servicer may elect not to repossess a Financed Vehicle if in its good faith judgment it determines that the proceeds ultimately recoverable with respect to such Receivable would be increased by forbearance or if it instead elects to direct the Issuer to sell the Receivables pursuant to Section 4.3(c). The Servicer is authorized to follow such customary practices and procedures as it shall deem necessary or advisable, consistent with the standard of care required by Section 4.1, which practices and procedures may include reasonable efforts to realize upon any recourse to Dealers and Third-Party Lenders, the sale of the related Financed Vehicle at public or private sale, the submission of claims under an Insurance Policy and other actions by the Servicer in order to realize upon such a Receivable. The foregoing is subject to the provision that, in any case in which the Financed Vehicle shall have suffered damage, the Servicer shall not expend funds in connection with any repair or towards the repossession of such Financed Vehicle unless it expects in its sole discretion, that such repair and/or repossession shall increase the proceeds of liquidation of the related Receivable by an amount greater than the amount of such expenses. All amounts received upon liquidation of a Financed Vehicle shall be remitted directly by the Servicer to the Collection Account without deposit into any intervening account as soon as practicable, but in no event later than the Business Day after receipt thereof. The Servicer shall be entitled to recover all reasonable expenses incurred by it in the course of repossessing and liquidating a Financed Vehicle into cash proceeds, but only out of the cash proceeds of such Financed Vehicle, any deficiency obtained from the Obligor or any amounts received from the related Dealer or Third-Party Lender, which amounts

 

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in reimbursement may be retained by the Servicer (and shall not be required to be deposited as provided in Section 4.2(e)) to the extent of such expenses. The Servicer shall pay on behalf of the Trust any personal property taxes assessed on repossessed Financed Vehicles. The Servicer shall be entitled to reimbursement of any such tax from Net Liquidation Proceeds with respect to such Receivable.

(b) If the Servicer, or if AmeriCredit is no longer the Servicer, AmeriCredit at the request of the Servicer, elects to commence a legal proceeding to enforce a Dealer Agreement, Auto Loan Purchase and Sale Agreement, Dealer Assignment or Third-Party Lender Assignment, the act of commencement shall be deemed to be an automatic assignment from the Trust to the Servicer, or to AmeriCredit at the request of the Servicer, of the rights under such Dealer Agreement, Auto Loan Purchase and Sale Agreement, Dealer Assignment or Third-Party Lender Assignment for purposes of collection only. If, however, in any enforcement suit or legal proceeding it is held that the Servicer or AmeriCredit, as appropriate, may not enforce a Dealer Agreement, Auto Loan Purchase and Sale Agreement, Dealer Assignment or Third-Party Lender Assignment on the grounds that it is not a real party in interest or a Person entitled to enforce the Dealer Agreement, Auto Loan Purchase and Sale Agreement, Dealer Assignment or Third-Party Lender Assignment, the Owner Trustee and/or the Trust Collateral Agent, at AmeriCredit’s expense, or the Seller, at the Seller’s expense, shall take such steps as the Servicer deems reasonably necessary to enforce the Dealer Agreement, Auto Loan Purchase and Sale Agreement, Dealer Assignment or Third-Party Lender Assignment, including bringing suit in its name or the name of the Seller or of the Trust and the Owner Trustee and/or the Trust Collateral Agent for the benefit of the Noteholders. All amounts recovered shall be remitted directly by the Servicer as provided in Section 4.2(e).

(c) Consistent with the standards, policies and procedures required by this Agreement, the Servicer may use its best efforts to locate a third party purchaser that is not affiliated with the Servicer, the Seller or the Issuer to purchase from the Issuer any Receivable that has become more than 60 days delinquent, and shall have the right to direct the Issuer to sell any such Receivable to the third-party purchaser; provided, that no more than 20% of the number of Receivables in the pool as of the Cutoff Date may be sold by the Issuer pursuant to this Section 4.3(c) in the aggregate; provided further, that the Servicer may elect to not direct the Issuer to sell a Receivable that has become more than 60 days delinquent if in its good faith judgment the Servicer determines that the proceeds ultimately recoverable with respect to such Receivable would be increased by forbearance. In selecting Receivables to be sold to a third party purchaser pursuant to this Section 4.3(c), the Servicer shall use commercially reasonable efforts to locate purchasers for the most delinquent Receivables first. In any event, the Servicer shall not use any procedure in selecting Receivables to be sold to third party purchasers which is materially adverse to the interest of the Noteholders. The Issuer shall sell each Sold Receivable for the greatest market price possible; provided, however, that aggregate Sale Amounts received by the Issuer for all Receivables sold to a single third-party purchaser on a single date must be at least equal to the sum of the Minimum Sale Prices for all such Receivables. The Servicer shall remit or cause the third-party purchaser to remit all sale proceeds from the sale of Receivables to the Collection Account without deposit into any intervening account as soon as practicable, but in no event later than the Business Day after receipt thereof.

 

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SECTION 4.4. Insurance.

(a) The Servicer shall require, in accordance with its customary servicing policies and procedures, that each Financed Vehicle be insured by the related Obligor under the Insurance Policies referred to in Paragraph 27 of the Schedule of Representations and Warranties and shall monitor the status of such physical loss and damage insurance coverage thereafter, in accordance with its customary servicing procedures. Each Receivable requires the Obligor to maintain such physical loss and damage insurance, naming AmeriCredit (or an Originating Affiliate or a Titled Third-Party Lender) and its successors and assigns as additional insureds, and permits the holder of such Receivable to obtain physical loss and damage insurance at the expense of the Obligor if the Obligor fails to maintain such insurance. If the Servicer shall determine that an Obligor has failed to obtain or maintain a physical loss and damage Insurance Policy covering the related Financed Vehicle which satisfies the conditions set forth in clause (i)(a) of such Paragraph 27 (including, without limitation, during the repossession of such Financed Vehicle) the Servicer may enforce the rights of the holder of the Receivable under the Receivable to require the Obligor to obtain such physical loss and damage insurance in accordance with its customary servicing policies and procedures. The Servicer may maintain a vendor’s single interest or other collateral protection insurance policy with respect to all Financed Vehicles (“Collateral Insurance”) which policy shall by its terms insure against physical loss and damage in the event any Obligor fails to maintain physical loss and damage insurance with respect to the related Financed Vehicle. The Servicer shall cause itself, an Originating Affiliate or a Titled Third-Party Lender, and may cause the Trust Collateral Agent, to be named as named insured under all policies of Collateral Insurance. Costs incurred by the Servicer in maintaining such Collateral Insurance shall be paid by the Servicer.

(b) The Servicer may, if an Obligor fails to obtain or maintain a physical loss and damage Insurance Policy, obtain insurance with respect to the related Financed Vehicle and advance on behalf of such Obligor, as required under the terms of the insurance policy, the premiums for such insurance (such insurance being referred to herein as “Force-Placed Insurance”). All policies of Force-Placed Insurance shall be endorsed with clauses providing for loss payable to the Servicer. Any cost incurred by the Servicer in maintaining such Force-Placed Insurance shall only be recoverable out of premiums paid by the Obligors or Net Liquidation Proceeds with respect to the Receivable, as provided in Section 4.4(c).

(c) In connection with any Force-Placed Insurance obtained hereunder, the Servicer may, in the manner and to the extent permitted by applicable law, require the Obligors to repay the entire premium to the Servicer. In no event shall the Servicer include the amount of the premium in the Amount Financed under the Receivable. For all purposes of this Agreement, the Insurance Add-On Amount with respect to any Receivable having Force-Placed Insurance will be treated as a separate obligation of the Obligor and will not be added to the Principal Balance of such Receivable, and amounts allocable thereto will not be available for distribution on the Notes and the Certificates. The Servicer shall retain and separately administer the right to receive payments from Obligors with respect to Insurance Add-On Amounts or rebates of Forced-Placed Insurance premiums. If an Obligor makes a payment with respect to a Receivable having Force-Placed Insurance, but the Servicer is unable to determine whether the payment is allocable to the Receivable or to the Insurance Add-On Amount, the payment shall be applied first to any unpaid Scheduled Receivables Payments and then to the Insurance Add-On Amount. Net Liquidation

 

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Proceeds on any Receivable will be used first to pay the Principal Balance and accrued interest on such Receivable and then to pay the related Insurance Add-On Amount. If an Obligor under a Receivable with respect to which the Servicer has placed Force-Placed Insurance fails to make scheduled payments of such Insurance Add-On Amount as due, and the Servicer has determined that eventual payment of the Insurance Add-On Amount is unlikely, the Servicer may, but shall not be required to, purchase such Receivable from the Trust for the Purchase Amount on any subsequent Determination Date. Any such Receivable, and any Receivable with respect to which the Servicer has placed Force-Placed Insurance which has been paid in full (excluding any Insurance Add-On Amounts) will be assigned to the Servicer.

(d) The Servicer may sue to enforce or collect upon the Insurance Policies, in its own name, if possible, or as agent of the Trust. If the Servicer elects to commence a legal proceeding to enforce an Insurance Policy, the act of commencement shall be deemed to be an automatic assignment of the rights of the Trust under such Insurance Policy to the Servicer for purposes of collection only. If, however, in any enforcement suit or legal proceeding it is held that the Servicer may not enforce an Insurance Policy on the grounds that it is not a real party in interest or a holder entitled to enforce the Insurance Policy, the Owner Trustee and/or the Trust Collateral Agent, at the Servicer’s expense, or the Seller, at the Seller’s expense, shall take such steps as the Servicer deems necessary to enforce such Insurance Policy, including bringing suit in its name or the name of the Trust and the Owner Trustee and/or the Trust Collateral Agent for the benefit of the Noteholders.

SECTION 4.5. Maintenance of Security Interests in Vehicles.

(a) Consistent with the policies and procedures required by this Agreement, the Servicer shall take such steps on behalf of the Trust as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Vehicle, including, but not limited to, obtaining the execution by the Obligors and the recording, registering, filing, re-recording, re-filing, and re-registering of all security agreements, financing statements and continuation statements as are necessary to maintain the security interest granted by the Obligors under the respective Receivables. The Trust Collateral Agent hereby authorizes the Servicer, and the Servicer agrees, to take any and all steps necessary to re-perfect such security interest on behalf of the Trust as necessary because of the relocation of a Financed Vehicle or for any other reason. In the event that the assignment of a Receivable to the Trust is insufficient, without a notation on the related Financed Vehicle’s certificate of title, or without fulfilling any additional administrative requirements under the laws of the state in which the Financed Vehicle is located, to perfect a security interest in the related Financed Vehicle in favor of the Trust, the Servicer hereby agrees that the designation of AmeriCredit (or an Originating Affiliate or a Titled Third-Party Lender) as the secured party on the Lien Certificate is in its capacity as Servicer as agent of the Trust.

(b) Upon the occurrence of a Servicer Termination Event, the Trust Collateral Agent and the Servicer shall take or cause to be taken such action as may, in the Opinion of Counsel to the Majority Noteholders, be necessary to perfect or re-perfect the security interests in the Financed Vehicles securing the Receivables in the name of the Trust by amending the title documents of such Financed Vehicles or by such other reasonable means as may, in the Opinion of Counsel to the Majority Noteholders, be necessary or prudent.

 

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AmeriCredit hereby agrees to pay all expenses related to such perfection or reperfection and to take all action necessary therefor. AmeriCredit hereby appoints the Trust Collateral Agent as its attorney-in-fact to take any and all steps required to be performed by AmeriCredit pursuant to this Section 4.5(b) (it being understood that and agreed that the Trust Collateral Agent shall have no obligation to take such steps with respect to all perfection or reperfection, except as pursuant to the Basic Documents to which it is a party and to which AmeriCredit has paid all expenses), including execution of Lien Certificates or any other documents in the name and stead of AmeriCredit, and the Trust Collateral Agent hereby accepts such appointment.

SECTION 4.6. Covenants, Representations, and Warranties of Servicer. By its execution and delivery of this Agreement, the Servicer makes the following representations, warranties and covenants on which the Trust Collateral Agent relies in accepting the Receivables and on which the Trustee relies in authenticating the Notes.

(a) The Servicer covenants as follows:

(i) Liens in Force. The Financed Vehicle securing each Receivable shall not be released in whole or in part from the security interest granted by the Receivable, except upon payment in full of the Receivable or as otherwise contemplated herein;

(ii) No Impairment. The Servicer shall do nothing to impair the rights of the Trust or the Noteholders in the Receivables, the Dealer Agreements, the Auto Loan Purchase and Sale Agreements, the Dealer Assignments, the Third-Party Lender Assignments, the Insurance Policies or the Other Conveyed Property except as otherwise expressly provided herein;

(iii) No Amendments. The Servicer shall not extend or otherwise amend the terms of any Receivable, except in accordance with Section 4.2; and

(iv) Restrictions on Liens. The Servicer shall not (i) create, incur or suffer to exist, or agree to create, incur or suffer to exist, or consent to cause or permit in the future (upon the happening of a contingency or otherwise) the creation, incurrence or existence of any Lien or restriction on transferability of the Receivables except for the Lien in favor of the Trust Collateral Agent for the benefit of the Noteholders and the restrictions on transferability imposed by this Agreement or (ii) sign or file under the Uniform Commercial Code of any jurisdiction any financing statement which names AmeriCredit or the Servicer as a debtor, or sign any security agreement authorizing any secured party thereunder to file such financing statement, with respect to the Receivables, except in each case any such instrument solely securing the rights and preserving the Lien of the Trust Collateral Agent, for the benefit of the Noteholders.

(b) The Servicer represents, warrants and covenants as of the Closing Date as to itself that the representations and warranties set forth on the Schedule of Representations attached hereto as Schedule B are true and correct; provided that such representations and warranties contained therein and herein shall not apply to any entity other than AmeriCredit.

 

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SECTION 4.7. Purchase of Receivables Upon Breach of Covenant. Upon discovery by any of the Servicer, a Responsible Officer of the Trust Collateral Agent, the Owner Trustee, a Responsible Officer of the Backup Servicer or a Responsible Officer of the Trustee of a breach of any of the covenants set forth in Sections 1, 2 or 3 of the Custodian Agreement or in Sections 4.5(a) or 4.6 hereof, the party discovering such breach shall give prompt written notice to the others; provided, however, that the failure to give any such notice shall not affect any obligation of AmeriCredit as Servicer under this Section. As of the second Accounting Date following its discovery or receipt of notice of any breach of any covenant set forth in Section 3(b) of the Custodian Agreement or Sections 4.5(a) or 4.6 hereof which materially and adversely affects the interests of the Noteholders in any Receivable (including any Liquidated Receivable) (or, at AmeriCredit’s election, the first Accounting Date so following) or the related Financed Vehicle, AmeriCredit shall, unless such breach shall have been cured in all material respects, purchase from the Trust the Receivable affected by such breach and, on the related Determination Date, AmeriCredit shall pay the related Purchase Amount. It is understood and agreed that the obligation of AmeriCredit to purchase any Receivable (including any Liquidated Receivable) with respect to which such a breach has occurred and is continuing shall, if such obligation is fulfilled, constitute the sole remedy against AmeriCredit for such breach available to the Noteholders, the Owner Trustee, the Backup Servicer or the Trust Collateral Agent; provided, however, that AmeriCredit shall indemnify the Trust, the Backup Servicer, the Owner Trustee, the Trust Collateral Agent, the Trustee and the Noteholders from and against all costs, expenses, losses, damages, claims and liabilities, including reasonable fees and expenses of counsel, which may be asserted against or incurred by any of them as a result of third party claims arising out of the events or facts giving rise to such breach. Notwithstanding anything to the contrary contained herein, AmeriCredit will not be required to repurchase Receivables due solely to the Servicer’s not having received Lien Certificates that have been properly applied for from the Registrar of Titles in the applicable states for such Receivables unless (i) such Lien Certificates shall not have been received with respect to Receivables with Principal Balances which total more than 1.0% of the Aggregate Principal Balance as of the 180th day after the Closing Date, in which case AmeriCredit shall be required to repurchase a sufficient number of such Receivables to cause the aggregate Principal Balances of the remaining Receivables for which no such Lien Certificate shall have been received to be no greater than 1.0% of the Aggregate Principal Balance as of such date or (ii) such Lien Certificates shall not have been received as of the 240th day after the Closing Date. This Section shall survive the termination of this Agreement and the earlier removal or resignation of the Trustee and/or the Trust Collateral Agent and/or the Backup Servicer.

SECTION 4.8. Total Servicing Fee; Payment of Certain Expenses by Servicer. On each Distribution Date, the Servicer shall be entitled to receive out of the Collection Account the Base Servicing Fee and any Supplemental Servicing Fee for the related Collection Period (together, the “Servicing Fee”) pursuant to Section 5.7. The Servicer shall be required to pay all expenses incurred by it in connection with its activities under this Agreement (including taxes imposed on the Servicer, expenses incurred in connection with distributions and reports made by the Servicer to the Noteholders and all other fees and expenses of the Owner Trustee, the Backup Servicer, the Trust Collateral Agent or the Trustee, except taxes levied or assessed against the Trust, and claims against the Trust in respect of indemnification, which taxes and claims in respect of indemnification against the Trust are expressly stated to be for the account of AmeriCredit). The Servicer shall be liable for the fees and expenses of the Owner Trustee, the Backup Servicer, the Trust Collateral Agent, the Trustee, the Custodian, the Lockbox Bank (and any fees under the Lockbox Account Agreement), the Lockbox Processor (and any fees under

 

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the Lockbox Processing Agreement) and the Independent Accountants. Notwithstanding the foregoing, if the Servicer shall not be AmeriCredit, a successor to AmeriCredit as Servicer including the Backup Servicer permitted by Section 9.3 shall not be liable for taxes levied or assessed against the Trust or claims against the Trust in respect of indemnification, or the fees and expenses referred to above.

SECTION 4.9. Servicer’s Certificate.

No later than noon Eastern time on each Determination Date, the Servicer shall deliver (facsimile delivery being acceptable) to the Trustee, the Owner Trustee, the Trust Collateral Agent, the Backup Servicer and each Rating Agency a Servicer’s Certificate executed by a Responsible Officer of the Servicer containing among other things: (i) all information necessary to enable the Trust Collateral Agent to make the distributions required by Sections 5.7(a) and 5.7(b); (ii) a listing of all Purchased Receivables and Sold Receivables purchased by the Servicer or sold by the Issuer as of the related Accounting Date, identifying the Receivables so purchased by the Servicer or sold by the Issuer, (iii) all information necessary to enable the Backup Servicer to verify the items specified in Section 4.13(ii) (as set forth in the Monthly Tape delivered pursuant to Section 4.13); (iv) all information necessary to enable the Trust Collateral Agent to send the statements to Noteholders required by Section 5.9, and; (iv) all information necessary to enable the Trust Collateral Agent to reconcile the aggregate cash flows, the Collection Account for the related Collection Period and Distribution Date. Receivables purchased by the Servicer or by the Seller on the related Accounting Date and each Receivable which became a Liquidated Receivable or which was paid in full during the related Collection Period shall be identified by account number (as set forth in the Schedule of Receivables).

SECTION 4.10. Annual Statement as to Compliance, Notice of Servicer Termination Event.

(a) To the extent required by Section 1123 of Regulation AB, the Servicer, shall deliver to the Trustee, the Owner Trustee, the Trust Collateral Agent, the Backup Servicer and each Rating Agency, on or before March 31 of each year (regardless of whether the Seller has ceased filing reports under the Exchange Act), beginning on March 31, 2010, an officer’s certificate signed by any Responsible Officer of the Servicer, dated as of December 31 of the previous calendar year, stating that (i) a review of the activities of the Servicer during the preceding calendar year (or such other period as shall have elapsed from the Closing Date to the date of the first such certificate) and of its performance under this Agreement has been made under such officer’s supervision, and (ii) to such officer’s knowledge, based on such review, the Servicer has fulfilled in all material respects all its obligations under this Agreement throughout such period, or, if there has been a failure to fulfill any such obligation in any material respect, identifying each such failure known to such officer and the nature and status of such failure.

(b) The Servicer shall deliver to the Trustee, the Owner Trustee, the Trust Collateral Agent, the Backup Servicer and each Rating Agency, promptly after having obtained knowledge thereof, but in no event later than two (2) Business Days thereafter, written notice in an officer’s certificate of any event which with the giving of notice or lapse of time, or both, would become a Servicer Termination Event under Section 9.1(a). The Seller or the Servicer shall deliver to the Trustee, the Owner Trustee, the Trust Collateral Agent, the Backup Servicer, the Servicer or the

 

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Seller (as applicable) and each Rating Agency promptly after having obtained knowledge thereof, but in no event later than two (2) Business Days thereafter, written notice in an officer’s certificate of any event which with the giving of notice or lapse of time, or both, would become a Servicer Termination Event under any other clause of Section 9.1.

(c) The Servicer will deliver to the Issuer, on or before March 31 of each year, beginning on March 31, 2010, a report regarding the Servicer’s assessment of compliance with certain minimum servicing criteria during the immediately preceding calendar year, as required under Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB.

(d) To the extent required by Regulation AB, the Servicer will cause any affiliated servicer or any other party deemed to be participating in the servicing function pursuant to Item 1122 of Regulation AB to provide to the Issuer, on or before March 31 of each year, beginning on March 31, 2010, a report regarding such party’s assessment of compliance with certain minimum servicing criteria during the immediately preceding calendar year, as required under Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB.

(e) Wells Fargo Bank, National Association acknowledges, in its capacity as Backup Servicer and Trust Collateral Agent under this Agreement and in its capacity as Indenture Trustee under the Basic Documents, that to the extent it is deemed to be participating in the servicing function pursuant to Item 1122 of Regulation AB, it will take any action reasonably requested by the Servicer to ensure compliance with the requirements of Section 4.10(d) and Section 4.11(b) hereof and with Item 1122 of Regulation AB. Such required documentation will be delivered to the Servicer by March 15 of each calendar year.

SECTION 4.11. Annual Independent Public Accountants’ Reports.

(a) The Servicer shall cause a firm of nationally recognized independent certified public accountants (the “Independent Accountants”), who may also render other services to the Servicer or its Affiliates, to deliver to the Trustee, the Owner Trustee, the Trust Collateral Agent, the Backup Servicer, on or before March 31 (or 90 days after the end of the Issuer’s fiscal year, if other than December 31) of each year, beginning in March 31, 2010, a report, dated as of December 31 of the preceding calendar year, addressed to the board of directors of the Servicer, providing its attestation report on the servicing assessment delivered pursuant to Section 4.10(c), including disclosure of any material instance of non-compliance, as required by Rule 13a-18 and 15d-18 of the Exchange Act and Item 1122(b) of Regulation AB. Such attestation will be in accordance with Rules 1-02(a)(3) and 2-02(g) of Regulation S-X under the Securities Act and the Exchange Act.

(b) Each party required to deliver an assessment of compliance described in Section 4.10(d) shall cause Independent Accountants, who may also render other services to such party or its Affiliates, to deliver to the Trustee, the Owner Trustee, the Trust Collateral Agent, the Backup Servicer and the Servicer, on or before March 31 (or 90 days after the end of the Issuer’s fiscal year, if other than December 31) of each year, beginning in March 31, 2010, a report, dated as of December 31 of the preceding calendar year, addressed to the board of directors of such party, providing its attestation report on the servicing assessment delivered pursuant to Section 4.10(d), including disclosure of any material instance of non-compliance, as required by Rule 13a-18 and 15d-18 of the Exchange Act and Item 1122(b) of Regulation AB. Such attestation will be in accordance with Rules 1-02(a)(3) and 2-02(g) of Regulation S-X under the Securities Act and the Exchange Act.

 

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(c) The Servicer shall cause a firm of Independent Accountants, who may also render other services to the Servicer or to the Seller, (1) to deliver to the Trustee, the Owner Trustee, the Trust Collateral Agent, the Backup Servicer and each Rating Agency, on or before October 31 (or 120 days after the end of the Servicer’s fiscal year, if other than June 30) of each year, beginning on October 31, 2010, with respect to the twelve months ended the immediately preceding June 30 (or other applicable date) (or such other period as shall have elapsed from the Closing Date to the date of such certificate (which period shall not be less than six months)), a copy of the Form 10-K filed with the United States Securities and Exchange Commission for AmeriCredit Corp., which filing includes a statement that such audit was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as such firm considered necessary in the circumstances; and (2) upon request of the Trustee, the Owner Trustee, the Trust Collateral Agent or the Backup Servicer, to issue an acknowledgement to the effect that such firm has audited the books and records of AmeriCredit Corp., in which the Servicer is included as a consolidated subsidiary, and issued its report pursuant to item (1) of this section and that the accounting firm is independent of the Seller and the Servicer within the meaning of the Code of Professional Ethics of the American Institute of Certified Public Accountants.

SECTION 4.12. Access to Certain Documentation and Information Regarding Receivables. The Servicer shall provide to representatives of the Trustee, the Owner Trustee, the Trust Collateral Agent and the Backup Servicer reasonable access to the documentation regarding the Receivables. In each case, such access shall be afforded without charge but only upon reasonable request and during normal business hours. Nothing in this Section shall affect the obligation of the Servicer to observe any applicable law prohibiting disclosure of information regarding the Obligors, and the failure of the Servicer to provide access as provided in this Section as a result of such obligation shall not constitute a breach of this Section.

SECTION 4.13. Monthly Tape. No later than the second Business Day after each Distribution Date, the Servicer will deliver to the Trust Collateral Agent and the Backup Servicer a computer tape and a diskette (or any other electronic transmission acceptable to the Trust Collateral Agent and the Backup Servicer) in a format acceptable to the Trust Collateral Agent and the Backup Servicer containing the information with respect to the Receivables as of the preceding Accounting Date necessary for preparation of the Servicer’s Certificate relating to the immediately preceding Determination Date and necessary to review the application of collections as provided in Section 5.4 (the “Monthly Tape”). The Backup Servicer shall use such tape or diskette (or other electronic transmission acceptable to the Trust Collateral Agent and the Backup Servicer) to (i) confirm that such tape, diskette or other electronic transmission is in readable form, and (ii) calculate and confirm (A) the aggregate amount distributable as principal on the related Distribution Date to each Class of Notes, (B) the aggregate amount distributable as interest on the related Distribution Date to each Class of Notes, (C) any amounts distributable on the related Distribution Date which are to be paid with funds withdrawn from the Reserve Account, (D) the outstanding principal amount of each Class of Notes after giving effect to all distributions made pursuant to clause (A), above, (E) the Note Pool Factor for each Class of Notes after giving effect to all distributions made pursuant to clause (A), above, and (F) the

 

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aggregate Noteholders’ Principal Carryover Amount and the aggregate Noteholders’ Interest Carryover Amount on such Distribution Date after giving effect to all distributions made pursuant to clauses (A) and (B), above, respectively. The Backup Servicer shall certify to the Trustee that it has verified the Servicer’s Certificate in accordance with this Section and shall notify the Servicer and the Trustee of any discrepancies, in each case, on or before the fifth Business Day following the Distribution Date. In the event that the Backup Servicer reports any discrepancies, the Servicer and the Backup Servicer shall attempt to reconcile such discrepancies prior to the next succeeding Distribution Date, but in the absence of a reconciliation, the Servicer’s Certificate shall control for the purpose of calculations and distributions with respect to the next succeeding Distribution Date. In the event that the Backup Servicer and the Servicer are unable to reconcile discrepancies with respect to a Servicer’s Certificate by the next succeeding Distribution Date, the Servicer shall cause the Independent Accountants, at the Servicer’s expense, to audit the Servicer’s Certificate and, prior to the last day of the month after the month in which such Servicer’s Certificate was delivered, reconcile the discrepancies. The effect, if any, of such reconciliation shall be reflected in the Servicer’s Certificate for such next succeeding Determination Date. In addition, upon the occurrence of a Servicer Termination Event the Servicer shall, if so requested by the Controlling Party (acting at the written direction of the Majority Noteholders), deliver to the Backup Servicer or any successor Servicer its Collection Records and its Monthly Records within 15 days after demand therefor and a computer tape containing as of the close of business on the date of demand all of the data maintained by the Servicer in computer format in connection with servicing the Receivables. Other than the duties specifically set forth in this Agreement, the Backup Servicer shall have no obligations hereunder, including, without limitation, to supervise, verify, monitor or administer the performance of the Servicer. The Backup Servicer shall have no liability for any actions taken or omitted by the Servicer.

ARTICLE V

Trust Accounts; Distributions; Statements to Noteholders

SECTION 5.1. Establishment of Trust Accounts.

(a) (i) The Trust Collateral Agent, on behalf of the Noteholders, shall establish and maintain in its own name an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trust Collateral Agent on behalf of the Noteholders. The Collection Account shall initially be established with the Trust Collateral Agent.

(ii) The Trust Collateral Agent, on behalf of the Noteholders, shall establish and maintain in its own name an Eligible Deposit Account (the “Note Distribution Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trust Collateral Agent on behalf of the Noteholders. The Note Distribution Account shall initially be established with the Trust Collateral Agent.

(iii) The Trust Collateral Agent, on behalf of the Noteholders, shall establish and maintain in its own name an Eligible Deposit Account (the “Reserve Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trust Collateral Agent on behalf of the Noteholders. The Reserve Account shall initially be established with the Trust Collateral Agent.

 

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(b) Funds on deposit in the Collection Account, the Reserve Account and the Note Distribution Account (collectively, the “Trust Accounts”) shall be invested by the Trust Collateral Agent (or any custodian with respect to funds on deposit in any such account) in Eligible Investments selected in writing by the Servicer (pursuant to standing instructions or otherwise). All such Eligible Investments shall be held by or on behalf of the Trust Collateral Agent for the benefit of the Noteholders. Other than as permitted by the Rating Agencies, funds on deposit in any Trust Account shall be invested in Eligible Investments that will mature so that such funds will be available at the close of business on the Business Day immediately preceding the following Distribution Date. All Eligible Investments will be held to maturity. Each institution at which the relevant Trust Account is maintained shall invest the funds therein as directed in writing by the Servicer in Eligible Investments.

(c) All Investment Earnings of moneys deposited in each Trust Account shall be deposited (or caused to be deposited) in the Collection Account on each Distribution Date by the Trust Collateral Agent and applied as Available Funds on such Distribution Date, and any loss resulting from such investments shall be charged to such Trust Account. The Servicer will not direct the Trust Collateral Agent to make any investment of any funds held in any of the Trust Accounts unless the security interest granted and perfected in such account will continue to be perfected in such investment, in either case without any further action by any Person, and, in connection with any direction to the Trust Collateral Agent to make any such investment, if requested by the Trust Collateral Agent, the Servicer shall deliver to the Trust Collateral Agent an Opinion of Counsel, acceptable to the Trust Collateral Agent, to such effect.

(d) The Trust Collateral Agent shall not in any way be held liable by reason of any insufficiency in any of the Trust Accounts resulting from any loss on any Eligible Investment included therein except for losses attributable to the Trust Collateral Agent’s negligence or bad faith or its failure to make payments on such Eligible Investments issued by the Trust Collateral Agent, in its commercial capacity as principal obligor and not as trustee, in accordance with their terms.

(e) If (i) the Servicer shall have failed to give investment directions in writing for any funds on deposit in the Trust Accounts to the Trust Collateral Agent by 1:00 p.m. Eastern Time (or such other time as may be agreed by the Issuer and Trust Collateral Agent) on any Business Day; or (ii) a Default or Event of Default shall have occurred and is continuing with respect to the Notes but the Notes shall not have been declared due and payable, or, if such Notes shall have been declared due and payable following an Event of Default, amounts collected or received from the Trust Property are being applied as if there had not been such a declaration; then the Trust Collateral Agent shall, to the fullest extent practicable, invest and reinvest funds in the Trust Accounts in the investment described in clause (d) of the definition of Eligible Investments.

(f) (i) The Trust Collateral Agent shall possess all right, title and interest in all funds on deposit from time to time in the Trust Accounts and in all proceeds thereof for the benefit of the Noteholders and all such funds, investments, proceeds and income shall be part of the Owner Trust Estate. Except as otherwise provided herein, the Trust Accounts shall be under

 

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the sole dominion and control of the Trust Collateral Agent for the benefit of the Noteholders. If, at any time, any of the Trust Accounts ceases to be an Eligible Deposit Account, the Trust Collateral Agent (or the Servicer on its behalf) shall within five Business Days (or such longer period as to which each Rating Agency may consent) establish a new Trust Account as an Eligible Deposit Account and shall transfer any cash and/or any investments to such new Trust Account. In connection with the foregoing, the Servicer agrees that, in the event that any of the Trust Accounts are not accounts with the Trust Collateral Agent, the Servicer shall notify the Trust Collateral Agent in writing promptly upon any of such Trust Accounts ceasing to be an Eligible Deposit Account.

(ii) With respect to the Trust Account Property, the Trust Collateral Agent agrees that:

(A) any Trust Account Property that is held in deposit accounts shall be held solely in the Eligible Deposit Accounts; and, except as otherwise provided herein, each such Eligible Deposit Account shall be subject to the exclusive custody and control of the Trust Collateral Agent, and the Trust Collateral Agent shall have sole signature authority with respect thereto;

(B) any Trust Account Property that constitutes Physical Property shall be delivered to the Trust Collateral Agent in accordance with paragraph (a) of the definition of “Delivery” and shall be held, pending maturity or disposition, solely by the Trust Collateral Agent or a securities intermediary (as such term is defined in Section 8-102(14) of the UCC) acting solely for the Trust Collateral Agent;

(C) the “securities intermediary’s jurisdiction” for purposes of Section 8-110 of the UCC shall be the State of New York;

(D) any Trust Account Property that is a book-entry security held through the Federal Reserve System pursuant to Federal book-entry regulations shall be delivered in accordance with paragraph (b) of the definition of “Delivery” and shall be maintained by the Trust Collateral Agent, pending maturity or disposition, through continued book-entry registration of such Trust Account Property as described in such paragraph;

(E) any Trust Account Property that is an “uncertificated security” or a “security entitlement” under Article 8 of the UCC and that is not governed by clause (D) above shall be delivered to the Trust Collateral Agent in accordance with paragraph (c) or (d), if applicable, of the definition of “Delivery” and shall be maintained by the Trust Collateral Agent, pending maturity or disposition, through continued registration of the Trust Collateral Agent’s (or its nominee’s) ownership of such security; and

(F) any cash that is Trust Account Property shall be considered a “financial asset” under Article 8 of the UCC.

 

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(g) The Servicer shall have the power to instruct the Trust Collateral Agent to make withdrawals and payments from the Trust Accounts for the purpose of permitting the Servicer and the Trust Collateral Agent to carry out its respective duties hereunder.

SECTION 5.2. [Reserved]

SECTION 5.3. Certain Reimbursements to the Servicer. The Servicer will be entitled to be reimbursed from amounts on deposit in the Collection Account with respect to a Collection Period for amounts previously deposited in the Collection Account but later determined by the Servicer to have resulted from mistaken deposits or postings or checks returned for insufficient funds. The amount to be reimbursed hereunder shall be paid to the Servicer on the related Distribution Date pursuant to Section 5.7(a)(i) upon certification by the Servicer of such amounts and the provision of such information to the Trust Collateral Agent. The Servicer will additionally be entitled to receive from amounts on deposit in the Collection Account with respect to a Collection Period any amounts paid by Obligors that were deposited in the Lockbox Account but that do not relate to (i) principal and interest payments due on the Receivables and (ii) any fees or expenses related to extensions due on the Receivables.

SECTION 5.4. Application of Collections. All collections for the Collection Period shall be applied by the Servicer as follows:

(a) With respect to each Receivable (other than a Purchased Receivable or a Sold Receivable), payments by or on behalf of the Obligor, (other than Supplemental Servicing Fees with respect to such Receivable, to the extent collected) shall be applied to interest and principal in accordance with the Simple Interest Method.

(b) All amounts collected that are payable to the Servicer as Supplemental Servicing Fees hereunder shall be deposited in the Collection Account and paid to the Servicer in accordance with Section 5.7(a).

SECTION 5.5. [Reserved].

SECTION 5.6. Additional Deposits.

(a) The Servicer and the Seller, as applicable, shall deposit or cause to be deposited in the Collection Account on the Determination Date on which such obligations are due the aggregate Purchase Amount with respect to Purchased Receivables and the aggregate Sale Amounts with respect to Sold Receivables.

(b) The proceeds of any purchase or sale of the assets of the Trust described in Section 10.1 hereof shall be deposited in the Collection Account.

SECTION 5.7. Distributions.

(a) On each Distribution Date, the Trust Collateral Agent shall (based solely on the information contained in the Servicer’s Certificate delivered with respect to the related Determination Date) apply or cause to be applied the sum of (x) the Available Funds (after withdrawing amounts deposited in error and Liquidation Proceeds relating to Purchased

 

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Receivables) for the related Collection Period and (y) the Reserve Account Withdrawal Amount for such Distribution Date (such sum, the “Total Available Funds”) to distribute the following amounts from the Collection Account unless otherwise specified, to the extent of the sources of funds stated to be available therefore, and in the following order of priority:

(i) from the Total Available Funds, to the Servicer, (1) the Base Servicing Fee for the related Collection Period, (2) any Supplemental Servicing Fees for the related Collection Period, (3) any amounts specified in Section 5.3, (4) to the extent the Servicer has not reimbursed itself in respect of such amounts pursuant to Section 5.3, and to the extent not retained by the Servicer, and to pay to AmeriCredit any amounts paid by Obligors during the preceding calendar month that did not relate to (x) principal and interest payments due on the Receivables and (y) any fees or expenses related to extensions due on the Receivables and (5) to any successor Servicer, transition fees not to exceed $200,000 (including boarding fees) in the aggregate;

(ii) from the Total Available Funds, to each of the Lockbox Bank, the Lockbox Processor, the Trustee, the Trust Collateral Agent, the Backup Servicer and the Owner Trustee, their respective accrued and unpaid fees, expenses and indemnities (in each case, to the extent such fees, expenses or indemnities have not been previously paid by the Servicer, and provided that such fees, expenses and indemnities shall not exceed (x) $100,000 in the aggregate in any calendar year to the Owner Trustee and (y) $200,000 in the aggregate in any calendar year to the Lockbox Bank, the Lockbox Processor, the Trust Collateral Agent, the Backup Servicer and the Trustee);

(iii) from the Total Available Funds, to the Class A Noteholders, pari passu, the Noteholders’ Interest Distributable Amount for the Class A Notes for such Distribution Date;

(iv) from the Total Available Funds, for distribution as provided in paragraph (b) below, the Class A Principal Parity Amount;

(v) from the Total Available Funds, for distribution as provided in paragraph (b) below, any Matured Principal Shortfall on account of the Class A Notes;

(vi) from the Total Available Funds, to the Class B Noteholders, the Noteholders’ Interest Distributable Amount for the Class B Notes for such Distribution Date;

(vii) from the Total Available Funds, for distribution as provided in paragraph (b) below, the Class B Principal Parity Amount;

(viii) from the Total Available Funds, for distribution as provided in paragraph (b) below, any Matured Principal Shortfall on account of the Class B Notes;

(ix) from the Total Available Funds, to the Class C Noteholders, the Noteholders’ Interest Distributable Amount for the Class C Notes for such Distribution Date;

 

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(x) from the Total Available Funds, for distribution as provided in paragraph (b) below, the Class C Principal Parity Amount;

(xi) from the Total Available Funds, for distribution as provided in paragraph (b) below, any Matured Principal Shortfall on account of the Class C Notes;

(xii) from the Total Available Funds, for distribution as provided in paragraph (b) below, the Noteholders’ Principal Distributable Amount;

(xiii) from the Total Available Funds, to the Reserve Account, the Reserve Account Deposit Amount for such Distribution Date;

(xiv) from the Total Available Funds, for distribution as provided in paragraph (b) below, the Accelerated Principal Amount;

(xv) from the Total Available Funds, to pay each of the Indenture Trustee, the Owner Trustee, the Trust Collateral Agent, the Backup Servicer, the Lockbox Bank, the Lockbox Processor and the successor servicer any fees, expenses and indemnities then due to such party that are in excess of the related cap or annual limitation specified in clauses (i) and (ii) above; and

(xvi) from the Total Available Funds, to the Certificateholders, the aggregate amount remaining in the Collection Account.

On any Distribution Date with respect to which no Servicer’s Certificate was delivered, to the extent there are Available Funds in the Collection Account, the Trust Collateral Agent will make payments of the Noteholders’ Interest Distributable Amounts described in (iii), (vi) and (ix) above as well as any Matured Principal Shortfalls described in (v), (viii) and (xi) above.

(b) On each Distribution Date, the Trust Collateral Agent shall apply or cause to be applied the aggregate of the amounts described in clause (iv), (v), (vii), (viii), (x), (xi), (xii) and (xiv) of paragraph (a) above on that Distribution Date in the listed order of priority:

(i) to the Class A-1 Noteholders in reduction of the remaining principal balance of the Class A-1 Notes, until the outstanding principal balance thereof has been reduced to zero;

(ii) to the Class A-2 Noteholders in reduction of the remaining principal balance of the Class A-2 Notes, until the outstanding principal balance thereof has been reduced to zero;

(iii) to the Class A-3 Noteholders in reduction of the remaining principal balance of the Class A-3 Notes, until the outstanding principal balance thereof has been reduced to zero;

(iv) to the Class A-4 Noteholders in reduction of the remaining principal balance of the Class A-4 Notes, until the outstanding principal balance thereof has been reduced to zero;

 

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(v) to the Class B Noteholders in reduction of the remaining principal balance of the Class B Notes, until the outstanding principal balance thereof has been reduced to zero;

(vi) to the Class C Noteholders in reduction of the remaining principal balance of the Class C Notes, until the outstanding principal balance thereof has been reduced to zero;

provided, however, that, (A) following an acceleration of the Notes pursuant to the Indenture, (B) the occurrence of an Event of Default pursuant to Section 5.1(i), 5.1(ii), 5.1(iv) or 5.1(v) of the Indenture or (C) the receipt of Insolvency Proceeds pursuant to Section 10.1(b), amounts deposited in the Note Distribution Account (including any such Insolvency Proceeds) shall be paid to the Noteholders, pursuant to Section 5.6 of the Indenture.

(c) In the event that the Collection Account is maintained with an institution other than the Trust Collateral Agent, the Servicer shall instruct and cause such institution to make all deposits and distributions pursuant to Sections 5.7(a) and 5.7(b) on the related Distribution Date.

(d) In the event that any withholding tax is imposed on the Trust’s payment (or allocations of income) to a Noteholder, such tax shall reduce the amount otherwise distributable to the Noteholder in accordance with this Section. The Trust Collateral Agent is hereby authorized and directed to retain from amounts otherwise distributable to the Noteholders sufficient funds for the payment of any tax attributable to the Trust (but such authorization shall not prevent the Trust Collateral Agent from contesting any such tax in appropriate proceedings, and withholding payment of such tax, if permitted by law, pending the outcome of such proceedings). The amount of any withholding tax imposed with respect to a Noteholder shall be treated as cash distributed to such Noteholder at the time it is withheld by the Trust and remitted to the appropriate taxing authority. If there is a possibility that withholding tax is payable with respect to a distribution (such as a distribution to a non-US Noteholder), the Trust Collateral Agent may in its sole discretion withhold such amounts in accordance with this clause (c). In the event that a Noteholder wishes to apply for a refund of any such withholding tax, the Trust Collateral Agent shall reasonably cooperate with such Noteholder in making such claim so long as such Noteholder agrees to reimburse the Trust Collateral Agent for any out-of-pocket expenses (including legal fees and expenses) incurred.

(e) Distributions required to be made to Noteholders on any Distribution Date shall be made to each Noteholder of record on the preceding Record Date either by (i) wire transfer, in immediately available funds, to the account of such Holder at a bank or other entity having appropriate facilities therefore, if such Noteholder shall have provided to the Note Registrar appropriate written instructions at least five Business Days prior to such Distribution Date and such Holder’s Notes in the aggregate evidence a denomination of not less than $1,000,000 or (ii) by check mailed to such Noteholder at the address of such holder appearing in the Note Register. Notwithstanding the foregoing, the final distribution in respect of any Note (whether on the Final Scheduled Distribution Date or otherwise) will be payable only upon presentation and surrender of such Note at the office or agency maintained for that purpose by the Note Registrar pursuant to Section 2.4 of the Indenture.

 

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(f) Subject to Section 5.1 and this section, monies received by the Trust Collateral Agent hereunder need not be segregated in any manner except to the extent required by law and may be deposited under such general conditions as may be prescribed by law, and the Trust Collateral Agent shall not be liable for any interest thereon.

SECTION 5.8. Reserve Account.

(i) On the Closing Date, the Seller shall deposit the Specified Reserve Balance into the Reserve Account. Amounts held from time to time in the Reserve Account shall be held by the Trust Collateral Agent for the benefit of the Noteholders.

(ii) The Seller may, from time to time after the date hereof, request each Rating Agency to approve a formula for determining the Specified Reserve Balance that is different from the formula set forth herein, which may result in a decrease in the amount of the Specified Reserve Balance or change the manner by which the Reserve Account is funded. Notwithstanding any other provision of this Agreement, if each Rating Agency then rating the Notes notifies the Trust Collateral Agent and the Seller in writing that the use of any such new formula, and any decrease in the amount of the Specified Reserve Balance or change in the manner by which the Reserve Account is funded, will not result in the qualification, reduction or withdrawal of its then current rating of the Notes then the Specified Reserve Balance will be determined in accordance with such new formula and this Agreement will be amended to reflect such new formula without the consent of any Noteholder.

(iii) On each Distribution Date, the Servicer shall instruct the Trust Collateral Agent (based on the information contained in the Servicer’s Certificate delivered on the related Determination Date) (A) if the amount on deposit in the Reserve Account (without taking into account any amount on deposit in the Reserve Account representing net investment earnings) is less than the Specified Reserve Balance, in which case the Trust Collateral Agent shall, after payment of any amounts required to be distributed pursuant to clauses (i) through (xii) of Section 5.7(a) deposit in the Reserve Account the Reserve Account Deposit Amount pursuant to Section 5.7(a)(xiii), and (B) if the amount on deposit in the Reserve Account, after giving effect to all other deposits thereto and withdrawals therefrom to be made on such Distribution Date is greater than the Specified Reserve Balance, in which case the Trust Collateral Agent shall distribute the amount such excess as part of Available Funds on such Distribution Date.

(b) On each Distribution Date, the Servicer shall instruct the Trust Collateral Agent (based on the information contained in the Servicer’s Certificate delivered on the related Determination Date) to withdraw the Reserve Account Withdrawal Amount from the Reserve Account and deposit such amounts in the Collection Account to be included as Total Available Funds for that Distribution Date.

(c) Amounts properly received by the Certificateholders pursuant to this Agreement shall not be available to the Trust Collateral Agent or the Trust for the purpose of making deposits to the Reserve Account, or making payments to the Noteholders, nor shall the Certificateholders be required to refund any amount properly received by it.

 

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SECTION 5.9. Statements to Noteholders.

(a) On or prior to each Distribution Date, the Trust Collateral Agent shall provide each Noteholder of record (with a copy to the Rating Agencies) a statement setting forth at least the following information as to the Notes to the extent applicable:

(i) the amount of such distribution allocable to principal of each Class of Notes;

(ii) the amount of such distribution allocable to interest on or with respect to each Class of Notes;

(iii) the required Reserve Account Withdrawal Amount or any excess released from the Reserve Account and included in Available Funds;

(iv) the Pool Balance as of the close of business on the last day of the preceding Collection Period;

(v) the aggregate outstanding principal amount of each Class of the Notes and the Note Pool Factor for each such Class after giving effect to payments allocated to principal reported under (i) above;

(vi) the amount of the Servicing Fee paid to the Servicer with respect to the related Collection Period and/or due but unpaid with respect to such Collection Period or prior Collection Periods, as the case may be;

(vii) the Noteholders’ Interest Carryover Amount and the Noteholders’ Principal Carryover Amount, if any, and the change in that amount from the preceding statement;

(viii) the amount of the aggregate Realized Losses, if any, for the second preceding Collection Period;

(ix) the aggregate Purchase Amounts for Receivables, if any, that were repurchased by the Servicer or the Seller in such period; and

(x) the aggregate Sale Amounts for Sold Receivables, if any, that were sold by the Issuer in such period.

Each amount set forth pursuant to paragraph (i), (ii), (v) and (vii) above shall be expressed as a dollar amount per $1,000 of the initial principal balance of the Notes (or Class thereof).

(b) The Trust Collateral Agent will make available each month to each Noteholder the statements referred to in Section 5.9(a) above (and certain other documents, reports and information regarding the Receivables provided by the Servicer from time to time) via the Trust Collateral Agent’s internet website, with the use of a password provided by the Trust Collateral Agent. The Trust Collateral Agent’s internet website will be located at www.CTSLink.com or at such other address as the Trust Collateral Agent shall notify the Noteholders from time to time.

 

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For assistance with regard to this service, Noteholders can call the Trust Collateral Agent’s Corporate Trust Office at (866) 846-4526. The Trust Collateral Agent shall have the right to change the way the statements referred to in Section 5.9(a) above are distributed in order to make such distribution more convenient and/or more accessible to the parties entitled to receive such statements so long as such statements are only provided to the then current Noteholders. The Trust Collateral Agent shall provide notification of any such change to all parties entitled to receive such statements in the manner described in Section 12.3 hereof, Section 11.4 of the Indenture or Section 11.5 of the Indenture, as appropriate.

ARTICLE VI

[Reserved]

ARTICLE VII

The Seller

SECTION 7.1. Representations of Seller. The Seller makes the following representations on which the Issuer is deemed to have relied in acquiring the Receivables and on which the Trustee, Trust Collateral Agent and Backup Servicer may rely. The representations speak as of the execution and delivery of this Agreement and as of the Closing Date, and shall survive the sale of the Receivables to the Issuer and the pledge thereof to the Trust Collateral Agent pursuant to the Indenture.

(a) Schedule of Representations. The representations and warranties set forth on the Schedule of Representations attached hereto as Schedule B are true and correct.

(b) Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Nevada, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property transferred to the Trust.

(c) Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is in good standing and has obtained all necessary licenses and approvals in all jurisdictions where the failure to do so would materially and adversely affect Seller’s ability to transfer the Receivables and the Other Conveyed Property to the Trust pursuant to this Agreement, or the validity or enforceability of the Receivables and the Other Conveyed Property or to perform Seller’s obligations hereunder and under the Seller’s Basic Documents.

(d) Power and Authority. The Seller has the power and authority to execute and deliver this Agreement and its Basic Documents and to carry out its terms and their terms, respectively; the Seller has full power and authority to sell and assign the Receivables and the Other Conveyed Property to be sold and assigned to and deposited with the Trust by it and has duly authorized such sale and assignment to the Trust by all necessary corporate action; and the execution, delivery and performance of this Agreement and the Seller’s Basic Documents have been duly authorized by the Seller by all necessary corporate action.

 

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(e) Valid Sale, Binding Obligations. This Agreement effects a valid sale, transfer and assignment of the Receivables and the Other Conveyed Property, enforceable against the Seller and creditors of and purchasers from the Seller; and this Agreement and the Seller’s Basic Documents, when duly executed and delivered, shall constitute legal, valid and binding obligations of the Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

(f) No Violation. The consummation of the transactions contemplated by this Agreement and the Basic Documents and the fulfillment of the terms of this Agreement and the Basic Documents shall not conflict with, result in any breach of any of the terms and provisions of or constitute (with or without notice, lapse of time or both) a default under the certificate of incorporation or by-laws of the Seller, or any indenture, agreement, mortgage, deed of trust or other instrument to which the Seller is a party or by which it is bound, or result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement, mortgage, deed of trust or other instrument, other than this Agreement, or violate any law, order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or any of its properties.

(g) No Proceedings. There are no proceedings or investigations pending or, to the Seller’s knowledge, threatened against the Seller, before any court, regulatory body, administrative agency or other tribunal or governmental instrumentality having jurisdiction over the Seller or its properties (A) asserting the invalidity of this Agreement or any of the Basic Documents, (B) seeking to prevent the issuance of the Notes or the consummation of any of the transactions contemplated by this Agreement or any of the Basic Documents, (C) seeking any determination or ruling that might materially and adversely affect the performance by the Seller of its obligations under, or the validity or enforceability of, this Agreement or any of the Basic Documents, or (D) seeking to adversely affect the federal income tax or other federal, state or local tax attributes of the Notes.

(h) No Consents. The Seller is not required to obtain the consent of any other party or any consent, license, approval or authorization, or registration or declaration with, any governmental authority, bureau or agency in connection with the execution, delivery, performance, validity or enforceability of this Agreement which has not already been obtained.

(i) True Sale. The Receivables are being transferred with the intention of removing them from the Seller’s estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time.

(j) Chief Executive Office. The chief executive office of the Seller is at 2265B Renaissance Drive, Suite 17, Las Vegas, Nevada 89119.

 

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SECTION 7.2. Corporate Existence

(a) During the term of this Agreement, the Seller will keep in full force and effect its existence, rights and franchises as a corporation under the laws of the jurisdiction of its incorporation and will obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, the Basic Documents and each other instrument or agreement necessary or appropriate to the proper administration of this Agreement and the transactions contemplated hereby.

(b) During the term of this Agreement, the Seller shall observe the applicable legal requirements for the recognition of the Seller as a legal entity separate and apart from its Affiliates, including as follows:

(i) the Seller shall maintain corporate records and books of account separate from those of its Affiliates;

(ii) except as otherwise provided in this Agreement, the Seller shall not commingle its assets and funds with those of its Affiliates;

(iii) the Seller shall hold such appropriate meetings of its board of directors, or adopt resolutions pursuant to a unanimous written consent of the board of directors as are necessary to authorize all the Seller’s corporate actions required by law to be authorized by the board of directors, shall keep minutes of such meetings and of meetings of its stockholder(s) and observe all other customary corporate formalities (and any successor Seller not a corporation shall observe similar procedures in accordance with its governing documents and applicable law);

(iv) the Seller shall at all times hold itself out to the public under the Seller’s own name as a legal entity separate and distinct from its Affiliates;

(v) all transactions and dealings between the Seller and its Affiliates will be conducted on an arm’s-length basis; and

(vi) the Seller shall pay from its assets all obligations and indebtedness of any kind incurred by the Seller.

SECTION 7.3. Liability of Seller; Indemnities. The Seller shall be liable in accordance herewith only to the extent of the obligations specifically undertaken by the Seller under this Agreement.

(a) The Seller shall indemnify, defend and hold harmless the Owner Trustee, the Issuer, the Trustee, the Backup Servicer and the Trust Collateral Agent and its officers, directors, employees and agents from and against any taxes that may at any time be asserted against any such Person with respect to the transactions or activities contemplated in this Agreement and any of the Basic Documents (except any income taxes arising out of fees paid to the Owner Trustee, the Trust Collateral Agent and the Trustee and except any taxes to which the Owner Trustee, the Trust Collateral Agent or the Trustee may otherwise be subject to, without regard to the

 

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transactions contemplated hereby), including any sales, gross receipts, general corporation, tangible or intangible personal property, privilege or license taxes (but, in the case of the Issuer, not including any taxes asserted with respect to, federal or other income taxes arising out of distributions on the Notes) and costs and expenses in defending against the same.

(b) The Seller shall indemnify, defend and hold harmless the Issuer, the Owner Trustee, the Trustee, the Backup Servicer and the Trust Collateral Agent and the officers, directors, employees and agents thereof and the Noteholders from and against any loss, liability or expense incurred by reason of (i) the Seller’s willful misfeasance, bad faith or negligence in the performance of its duties under this Agreement, or by reason of reckless disregard of its obligations and duties under this Agreement and (ii) the Seller’s or the Issuer’s violation of federal or state securities laws in connection with the offering and sale of the Notes.

(c) The Seller shall indemnify, defend and hold harmless the Issuer, the Owner Trustee, Trustee, Trust Collateral Agent and Backup Servicer and the officers, directors, employees and agents thereof from and against any and all costs, expenses, losses, claims, damages and liabilities arising out of, or incurred in connection with the acceptance or performance of the trusts and duties set forth herein and in the Basic Documents except to the extent that such cost, expense, loss, claim, damage or liability shall be due to the willful misfeasance, bad faith or negligence (except for errors in judgment) of the Owner Trustee, Trustee, Trust Collateral Agent and Backup Servicer, respectively.

Indemnification under this Section shall survive the resignation or removal of the Owner Trustee, the Trustee, the Backup Servicer or the Trust Collateral Agent and the termination of this Agreement or the Indenture or the Trust Agreement, as applicable, and shall include reasonable fees and expenses of counsel and other expenses of litigation. If the Seller shall have made any indemnity payments pursuant to this Section and the Person to or on behalf of whom such payments are made thereafter shall collect any of such amounts from others, such Person shall promptly repay such amounts to the Seller, without interest.

SECTION 7.4. Merger or Consolidation of, or Assumption of the Obligations of, Seller. Any Person (a) into which the Seller may be merged or consolidated, (b) which may result from any merger or consolidation to which the Seller shall be a party or (c) which may succeed to the properties and assets of the Seller substantially as a whole, which Person in any of the foregoing cases executes an agreement of assumption to perform every obligation of the Seller under this Agreement, shall be the successor to the Seller hereunder without the execution or filing of any document or any further act by any of the parties to this Agreement; provided, however, that (i) immediately after giving effect to such transaction, no representation or warranty made pursuant to Section 3.1 shall have been breached and no Servicer Termination Event, and no event which, after notice or lapse of time, or both, would become a Servicer Termination Event shall have happened and be continuing, (ii) the Seller shall have delivered to the Owner Trustee, the Trust Collateral Agent, the Backup Servicer and the Trustee an Officers’ Certificate and an Opinion of Counsel each stating that such consolidation, merger or succession and such agreement of assumption comply with this Section and that all conditions precedent, if any, provided for in this Agreement relating to such transaction have been complied with, (iii) the Rating Agency Condition shall have been satisfied with respect to such transaction and (iv) the Seller shall have delivered to the Owner Trustee, the Trust Collateral Agent, the Backup

 

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Servicer and the Trustee an Opinion of Counsel stating that, in the opinion of such counsel, either (A) all financing statements and continuation statements and amendments thereto have been executed and filed that are necessary fully to preserve and protect the interest of the Trust Collateral Agent, the Owner Trustee and the Trustee, respectively, in the Receivables and reciting the details of such filings or (B) no such action shall be necessary to preserve and protect such interest. Notwithstanding anything herein to the contrary, the execution of the foregoing agreement of assumption and compliance with clauses (i), (ii), (iii) and (iv) above shall be conditions to the consummation of the transactions referred to in clauses (a), (b) or (c) above.

SECTION 7.5. Limitation on Liability of Seller and Others. The Seller and any director or officer or employee or agent of the Seller may rely in good faith on the advice of counsel or on any document of any kind, prima facie properly executed and submitted by any Person respecting any matters arising under any Basic Document. The Seller shall not be under any obligation to appear in, prosecute or defend any legal action that shall not be incidental to its obligations under this Agreement, and that in its opinion may involve it in any expense or liability.

SECTION 7.6. Ownership of the Certificates or Notes. The Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Certificates or Notes with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as expressly provided herein or in any Basic Document. Notes or Certificates so owned by the Seller or such Affiliate shall have an equal and proportionate benefit under the provisions of the Basic Documents, without preference, priority, or distinction as among all of the Notes or Certificates; provided, however, that any Notes or Certificates owned by the Seller or any Affiliate thereof, during the time such Notes or Certificates are owned by them, shall be without voting rights for any purpose set forth in the Basic Documents. The Seller shall notify the Owner Trustee, the Trustee and the Trust Collateral Agent with respect to any other transfer of any Certificate.

ARTICLE VIII

The Servicer and the Backup Servicer

SECTION 8.1. Representations of Servicer. The Servicer makes the following representations on which the Issuer is deemed to have relied in acquiring the Receivables. The representations speak as of the execution and delivery of this Agreement and as of the Closing Date, and shall survive the sale of the Receivables to the Issuer and the pledge thereof to the Trust Collateral Agent pursuant to the Indenture.

(a) Representations and Warranties. The representations and warranties set forth on the Schedule of Representations attached hereto as Schedule B are true and correct; provided that such representations and warranties contained therein and herein shall not apply to any entity other than AmeriCredit;

(b) Organization and Good Standing. The Servicer has been duly organized and is validly existing and in good standing under the laws of its jurisdiction of organization, with power, authority and legal right to own its properties and to conduct its business as such

 

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properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to enter into and perform its obligations under this Agreement;

(c) Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, is in good standing and has obtained all necessary licenses and approvals, in all jurisdictions in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;

(d) Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and its Basic Documents and to carry out its terms and their terms, respectively, and the execution, delivery and performance of this Agreement and the Servicer’s Basic Documents have been duly authorized by the Servicer by all necessary corporate action;

(e) Binding Obligation. This Agreement and the Servicer’s Basic Documents shall constitute legal, valid and binding obligations of the Servicer enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, or other similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law;

(f) No Violation. The consummation of the transactions contemplated by this Agreement and the Servicer’s Basic Documents, and the fulfillment of the terms of this Agreement and the Servicer’s Basic Documents, shall not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a default under, the articles of incorporation or bylaws of the Servicer, or any indenture, agreement, mortgage, deed of trust or other instrument to which the Servicer is a party or by which it is bound, or result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement, mortgage, deed of trust or other instrument, other than this Agreement, or violate any law, order, rule or regulation applicable to the Servicer of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Servicer or any of its properties;

(g) No Proceedings. There are no proceedings or investigations pending or, to the Servicer’s knowledge, threatened against the Servicer, before any court, regulatory body, administrative agency or other tribunal or governmental instrumentality having jurisdiction over the Servicer or its properties (A) asserting the invalidity of this Agreement or any of the Basic Documents, (B) seeking to prevent the issuance of the Notes or the consummation of any of the transactions contemplated by this Agreement or any of the Basic Documents, (C) seeking any determination or ruling that might materially and adversely affect the performance by the Servicer of its obligations under, or the validity or enforceability of, this Agreement or any of the Basic Documents or (D) seeking to adversely affect the federal income tax or other federal, state or local tax attributes of the Notes;

 

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(h) No Consents. The Servicer is not required to obtain the consent of any other party or any consent, license, approval or authorization, or registration or declaration with, any governmental authority, bureau or agency in connection with the execution, delivery, performance, validity or enforceability of this Agreement which has not already been obtained.

SECTION 8.2. Representations of Backup Servicer. The Backup Servicer makes the following representations on which the Issuer is deemed to have relied in acquiring the Receivables. The representations speak as of the execution and delivery of this Agreement and as of the Closing Date, and shall survive the sale of the Receivables to the Issuer and the pledge thereof to the Trust Collateral Agent pursuant to the Indenture.

(a) Organization and Good Standing. The Backup Servicer has been duly organized and is validly existing and in good standing under the laws of its jurisdiction of organization, with power, authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to enter into and perform its obligations under this Agreement;

(b) Due Qualification. The Backup Servicer is duly qualified to do business as a foreign corporation, is in good standing and has obtained all necessary licenses and approvals, in all jurisdictions in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;

(c) Power and Authority. The Backup Servicer has the power and authority to execute and deliver this Agreement and its Basic Documents and to carry out its terms and their terms, respectively, and the execution, delivery and performance of this Agreement and the Backup Servicer’s Basic Documents have been duly authorized by the Backup Servicer by all necessary corporate action;

(d) Binding Obligation. This Agreement and the Backup Servicer’s Basic Documents shall constitute legal, valid and binding obligations of the Backup Servicer enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, or other similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law;

(e) No Violation. The consummation of the transactions contemplated by this Agreement and the Backup Servicer’s Basic Documents, and the fulfillment of the terms of this Agreement and the Backup Servicer’s Basic Documents, shall not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a default under, the articles of incorporation or bylaws of the Backup Servicer, or any indenture, agreement, mortgage, deed of trust or other instrument to which the Backup Servicer is a party or by which it is bound, or result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement, mortgage, deed of trust or other instrument, other than this Agreement, or violate any law, order, rule or regulation applicable to the Backup Servicer of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Backup Servicer or any of its properties;

 

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(f) No Proceedings. There are no proceedings or investigations pending or, to the Backup Servicer’s knowledge, threatened against the Backup Servicer, before any court, regulatory body, administrative agency or other tribunal or governmental instrumentality having jurisdiction over the Backup Servicer or its properties (A) asserting the invalidity of this Agreement or any of the Basic Documents, (B) seeking to prevent the issuance of the Notes or the consummation of any of the transactions contemplated by this Agreement or any of the Basic Documents, (C) seeking any determination or ruling that might materially and adversely affect the performance by the Backup Servicer of its obligations under, or the validity or enforceability of, this Agreement or any of the Basic Documents or (D) seeking to adversely affect the federal income tax or other federal, state or local tax attributes of the Notes;

(g) No Consents. The Backup Servicer is not required to obtain the consent of any other party or any consent, license, approval or authorization, or registration or declaration with, any governmental authority, bureau or agency in connection with the execution, delivery, performance, validity or enforceability of this Agreement which has not already been obtained.

SECTION 8.3. Liability of Servicer and Backup Servicer; Indemnities.

(a) The Servicer (in its capacity as such) shall be liable hereunder only to the extent of the obligations in this Agreement specifically undertaken by the Servicer and the representations made by the Servicer.

(b) The Servicer shall defend, indemnify and hold harmless the Trust, the Trustee, the Trust Collateral Agent, the Owner Trustee, the Backup Servicer, their respective officers, directors, agents and employees, and the Noteholders from and against any and all costs, expenses, losses, damages, claims and liabilities, including reasonable fees and expenses of counsel and expenses of litigation arising out of or resulting from the use, ownership or operation by the Servicer or any Affiliate thereof of any Financed Vehicle.

(c) The Servicer (when the Servicer is AmeriCredit) shall indemnify, defend and hold harmless the Trust, the Trustee, the Trust Collateral Agent, the Owner Trustee, the Backup Servicer, their respective officers, directors, agents and employees and the Noteholders from and against any taxes that may at any time be asserted against any of such parties with respect to the transactions or activities contemplated in this Agreement, including, without limitation, any sales, gross receipts, general corporation, tangible or intangible personal property, privilege or license taxes (but not including any federal or other income taxes, including franchise taxes asserted with respect to, and as of the date of, the sale of the Receivables and the Other Conveyed Property to the Trust or the issuance and original sale of the Notes) and costs and expenses in defending against the same.

(d) The Servicer (when the Servicer is not AmeriCredit) shall indemnify, defend and hold harmless the Trust, the Trustee, the Trust Collateral Agent, the Owner Trustee, the Backup Servicer, the Collateral Agent, their respective officers, directors, agents and employees and the Noteholders from and against any taxes with respect to the sale of Receivables in connection with servicing hereunder that may at any time be asserted against any of such parties with respect to the transactions or activities contemplated in this Agreement, including, without limitation, any sales, gross receipts, general corporation, tangible or intangible personal property, privilege or

 

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license taxes (but not including any federal or other income taxes, including franchise taxes asserted with respect to, and as of the date of, the sale of the Receivables and the Other Conveyed Property to the Trust or the issuance and original sale of the Notes) and costs and expenses in defending against the same.

(e) The Servicer shall indemnify, defend and hold harmless the Trust, the Trustee, the Trust Collateral Agent, the Owner Trustee, the Backup Servicer, their respective officers, directors, agents and employees and the Noteholders from and against any and all costs, expenses, losses, claims, damages, and liabilities, including reasonable fees and expenses of counsel and expenses of litigation, to the extent that such cost, expense, loss, claim, damage, or liability arose out of, or was imposed upon the Trust, the Trustee, the Owner Trustee, the Trust Collateral Agent, the Backup Servicer or the Noteholders by reason of the breach of this Agreement by the Servicer, the negligence, misfeasance, or bad faith of the Servicer in the performance of its duties under this Agreement or by reason of reckless disregard of its obligations and duties under this Agreement.

(f) AmeriCredit shall indemnify, defend and hold harmless the Trust, the Trustee, the Trust Collateral Agent, the Owner Trustee, the Backup Servicer, their respective officers, directors, agents and employees and the Noteholders from and against any loss, liability or expense incurred by reason of the violation by Servicer or Seller of federal or state securities laws in connection with the registration or the sale of the Notes. This section shall survive the termination of this Agreement, or the earlier removal or resignation of the Trustee, Trust Collateral Agent or the Backup Servicer.

(g) The Backup Servicer shall defend, indemnify and hold harmless the Trust, the Trustee, the Trust Collateral Agent, the Owner Trustee, the Servicer, their respective officers, directors, agents and employees and the Noteholders from and against: (i) all costs, expenses, losses, damages, claims and liabilities, including reasonable fees and expenses of counsel and expenses of litigation arising out of or resulting from the use, ownership or operation by the Backup Servicer or any Affiliate thereof of any Financed Vehicle; and (ii) any and all costs, expenses, losses, claims, damages, and liabilities to the extent that such cost, expense, loss, claim, damage, or liability arose out of, or was imposed upon the Trust, the Owner Trustee, the Trustee, the Servicer or the Noteholders by reason of, the breach of this Agreement by the Backup Servicer, the violation of federal or state securities laws by the Backup Servicer, the negligence, misfeasance, or bad faith of the Backup Servicer in the performance of its duties under this Agreement or by reason of reckless disregard of its obligations and duties under this Agreement.

(h) AmeriCredit shall indemnify the Trustee, the Owner Trustee, the Trust Collateral Agent, the Backup Servicer, and the respective officers, directors, agents and employees thereof against any and all loss, liability or expense, (other than overhead and expenses incurred in the normal course of business) incurred by each of them in connection with the acceptance or administration of the Trust and the performance of their duties under the Basic Documents other than if such loss, liability or expense was incurred by the Trustee, the Owner Trustee or the Trust Collateral Agent as a result of any such entity’s willful misconduct, bad faith or negligence.

 

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(i) Indemnification under this Article shall include, without limitation, reasonable fees and expenses of counsel and expenses of litigation. If the Servicer has made any indemnity payments pursuant to this Article and the recipient thereafter collects any of such amounts from others, the recipient shall promptly repay such amounts collected to the Servicer, without interest. Notwithstanding anything contained herein to the contrary, any indemnification payable by the Servicer to the Backup Servicer, to the extent not paid by the Servicer, shall be paid solely from Section 5.7(a) of this Agreement.

(j) When the Trustee, the Trust Collateral Agent or the Backup Servicer incurs expenses after the occurrence of a Servicer Termination Event specified in Section 9.1(d) or (e) with respect to the Servicer, the expenses are intended to constitute expenses of administration under Title 11 of the United States Code or any other applicable federal or state bankruptcy, insolvency or similar law.

SECTION 8.4. Merger or Consolidation of, or Assumption of the Obligations of the Servicer or Backup Servicer.

(a) AmeriCredit shall not merge or consolidate with any other Person, convey, transfer or lease substantially all its assets as an entirety to another Person, or permit any other Person to become the successor to AmeriCredit’s business unless, after the merger, consolidation, conveyance, transfer, lease or succession, the successor or surviving entity shall be capable of fulfilling the duties of AmeriCredit contained in this Agreement and shall be acceptable to the Majority Noteholders, and shall be an eligible servicer. Any corporation (i) into which AmeriCredit may be merged or consolidated, (ii) resulting from any merger or consolidation to which AmeriCredit shall be a party, (iii) which acquires by conveyance, transfer, or lease substantially all of the assets of AmeriCredit, or (iv) succeeding to the business of AmeriCredit, in any of the foregoing cases shall execute an agreement of assumption to perform every obligation of AmeriCredit under this Agreement and, whether or not such assumption agreement is executed, shall be the successor to AmeriCredit under this Agreement without the execution or filing of any paper or any further act on the part of any of the parties to this Agreement, anything in this Agreement to the contrary notwithstanding; provided, however, that nothing contained herein shall be deemed to release AmeriCredit from any obligation. AmeriCredit shall provide notice of any merger, consolidation or succession pursuant to this Section to the Owner Trustee, the Trust Collateral Agent, the Noteholders and each Rating Agency. Notwithstanding the foregoing, AmeriCredit shall not merge or consolidate with any other Person or permit any other Person to become a successor to AmeriCredit’s business, unless (x) immediately after giving effect to such transaction, no representation or warranty made pursuant to Section 4.6 shall have been breached (for purposes hereof, such representations and warranties shall speak as of the date of the consummation of such transaction), (y) AmeriCredit shall have delivered to the Owner Trustee, the Trust Collateral Agent, the Trustee, the Backup Servicer and the Rating Agencies an Officer’s Certificate and an Opinion of Counsel each stating that such consolidation, merger or succession and such agreement of assumption comply with this Section and that all conditions precedent, if any, provided for in this Agreement relating to such transaction have been complied with, and (z) AmeriCredit shall have delivered to the Owner Trustee, the Trust Collateral Agent, the Trustee, the Backup Servicer and the Rating Agencies an Opinion of Counsel, stating in the opinion of such counsel, either (A) all financing statements and continuation statements and amendments thereto have been executed and filed that are necessary to preserve and protect the interest of the Trust in the Receivables and the Other Conveyed Property and reciting the details of the filings or (B) no such action shall be necessary to preserve and protect such interest.

 

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(b) Any corporation (i) into which the Backup Servicer may be merged or consolidated, (ii) resulting from any merger or consolidation to which the Backup Servicer shall be a party, (iii) which acquires by conveyance, transfer or lease substantially all of the assets of the Backup Servicer, or (iv) succeeding to the business of the Backup Servicer, in any of the foregoing cases shall execute an agreement of assumption to perform every obligation of the Backup Servicer under this Agreement and, whether or not such assumption agreement is executed, shall be the successor to the Backup Servicer under this Agreement without the execution or filing of any paper or any further act on the part of any of the parties to this Agreement, anything in this Agreement to the contrary notwithstanding; provided, however, that nothing contained herein shall be deemed to release the Backup Servicer from any obligation.

SECTION 8.5. Limitation on Liability of Servicer, Backup Servicer and Others.

(a) Neither AmeriCredit, the Backup Servicer nor any of the directors or officers or employees or agents of AmeriCredit or Backup Servicer shall be under any liability to the Trust or the Noteholders, except as provided in this Agreement, for any action taken or for refraining from the taking of any action pursuant to this Agreement; provided, however, that this provision shall not protect AmeriCredit, the Backup Servicer or any such person against any liability that would otherwise be imposed by reason of a breach of this Agreement or willful misfeasance, bad faith or negligence (excluding errors in judgment) in the performance of duties; provided, further, that this provision shall not affect any liability to indemnify the Trust Collateral Agent and the Owner Trustee for costs, taxes, expenses, claims, liabilities, losses or damages paid by the Trust Collateral Agent and the Owner Trustee, in their individual capacities. AmeriCredit, the Backup Servicer and any director, officer, employee or agent of AmeriCredit or Backup Servicer may rely in good faith on the written advice of counsel or on any document of any kind prima facie properly executed and submitted by any Person respecting any matters arising under this Agreement.

(b) The Backup Servicer shall not be liable for any obligation of the Servicer contained in this Agreement or for any errors of the Servicer contained in any computer tape, certificate or other data or document delivered to the Backup Servicer hereunder or on which the Backup Servicer must rely in order to perform its obligations hereunder, and the Owner Trustee, the Trustee, the Trust Collateral Agent, the Backup Servicer, the Seller and the Noteholders shall look only to the Servicer to perform such obligations. The Backup Servicer, the Trust Collateral Agent, the Trustee, the Owner Trustee and the Custodian shall have no responsibility and shall not be in default hereunder or incur any liability for any failure, error, malfunction or any delay in carrying out any of their respective duties under this Agreement if such failure or delay results from the Backup Servicer acting in accordance with information prepared or supplied by a Person other than the Backup Servicer (or contractual agents) or the failure of any such other Person to prepare or provide such information. The Backup Servicer shall have no responsibility, shall not be in default and shall incur no liability for (i) any act or failure to act of any third party (other than its contractual agents), including the Servicer or the Majority Noteholders, (ii) any inaccuracy or omission in a notice or communication received by the Backup Servicer from any third party (other than its contractual agents), (iii) the invalidity or unenforceability of any Receivable under applicable law, (iv) the breach or inaccuracy of any representation or warranty made with respect to any Receivable, or (v) the acts or omissions of any successor Backup Servicer.

 

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(c) The parties expressly acknowledge and consent to Wells Fargo Bank, National Association, acting in the possible dual capacity of Backup Servicer or successor Servicer and in the capacity as Trust Collateral Agent. Wells Fargo Bank, National Association, may, in such dual or other capacity, discharge its separate functions fully, without hindrance or regard to conflict of interest principles, duty of loyalty principles or other breach of fiduciary duties to the extent that any such conflict or breach arises from the performance by Wells Fargo Bank, National Association, of express duties set forth in this Agreement in any of such capacities, all of which defenses, claims or assertions are hereby expressly waived by the other parties hereto and the Noteholders except in the case of gross negligence and willful misconduct by Wells Fargo Bank, National Association.

SECTION 8.6. Delegation of Duties. The Servicer may delegate duties under this Agreement to an Affiliate of AmeriCredit without first obtaining the consent of any Person. The Servicer also may at any time perform through sub-contractors the specific duties of (i) repossession of Financed Vehicles, (ii) tracking Financed Vehicles’ insurance and (iii) pursuing the collection of deficiency balances on certain Liquidated Receivables, in each case, without the consent of the Trust Collateral Agent, the Owner Trustee or the Backup Servicer and may perform other specific duties through such sub-contractors in accordance with Servicer’s customary servicing policies and procedures, with the prior consent of the Trust Collateral Agent. No delegation or sub-contracting by the Servicer of its duties herein in the manner described in this Section 8.6 shall relieve the Servicer of its responsibility with respect to such duties.

SECTION 8.7. Servicer and Backup Servicer Not to Resign. Subject to the provisions of Section 8.4, neither the Servicer nor the Backup Servicer shall resign from the obligations and duties imposed on it by this Agreement as Servicer or Backup Servicer except upon a determination that by reason of a change in legal requirements the performance of its duties under this Agreement would cause it to be in violation of such legal requirements in a manner which would have a material adverse effect on the Servicer or the Backup Servicer, as the case may be, if the Majority Noteholders do not elect to waive the obligations of the Servicer or the Backup Servicer, as the case may be, to perform the duties which render it legally unable to act or to delegate those duties to another Person. Any such determination permitting the resignation of the Servicer or Backup Servicer shall be evidenced by an Opinion of Counsel to such effect delivered and acceptable to the Trust Collateral Agent and the Owner Trustee. No resignation of the Servicer shall become effective until the Backup Servicer or an entity acceptable to the Majority Noteholders shall have assumed the responsibilities and obligations of the Servicer. No resignation of the Backup Servicer shall become effective until an entity acceptable to the Majority Noteholders shall have assumed the responsibilities and obligations of the Backup Servicer; provided, however, that (i) in the event a successor Backup Servicer is not appointed within 60 days after the Backup Servicer has given notice of its resignation and has provided the Opinion of Counsel required by this Section, the Backup Servicer may petition a court for its removal, (ii) the Backup Servicer may resign with the written consent of the Majority Noteholders and (iii) if Wells Fargo Bank, National Association resigns as Trustee under the Indenture, it will no longer be the Backup Servicer.

 

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ARTICLE IX

Default

SECTION 9.1. Servicer Termination Event. For purposes of this Agreement, each of the following shall constitute a “Servicer Termination Event”:

(a) Any failure by the Servicer to deliver to the Trust Collateral Agent for distribution to Noteholders any proceeds or payment required to be so delivered under the terms of this Agreement that continues unremedied for a period of two Business Days (one Business Day with respect to payment of Purchase Amounts) after written notice is received by the Servicer from the Trust Collateral Agent or after discovery of such failure by a Responsible Officer of the Servicer; or

(b) Failure by the Servicer to deliver to the Trust Collateral Agent the Servicer’s Certificate by the first Business Day prior to the Distribution Date, or failure on the part of the Servicer to observe its covenants and agreements set forth in Section 8.4(a); or

(c) Failure on the part of the Servicer duly to observe or perform any other covenants or agreements of the Servicer set forth in this Agreement, which failure (i) materially and adversely affects the rights of Noteholders, and (ii) continues unremedied for a period of 30 days after knowledge thereof by the Servicer or after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to the Servicer by the Trust Collateral Agent; or

(d) The entry of a decree or order for relief by a court or regulatory authority having jurisdiction in respect of the Servicer in an involuntary case under the federal bankruptcy laws, as now or hereafter in effect, or another present or future, federal bankruptcy, insolvency or similar law, or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Servicer, or of any substantial part of its property or ordering the winding up or liquidation of the affairs of the Servicer and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days or the commencement of an involuntary case under the federal bankruptcy laws, as now or hereinafter in effect, or another present or future federal or state bankruptcy, insolvency or similar law and such case is not dismissed within 60 days; or

(e) The commencement by the Servicer of a voluntary case under the federal bankruptcy laws, as now or hereafter in effect, or any other present or future, federal or state, bankruptcy, insolvency or similar law, or the consent by the Servicer to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Servicer or of any substantial part of its property or the making by the Servicer of an assignment for the benefit of creditors or the failure by the Servicer generally to pay its debts as such debts become due or the taking of corporate action by the Servicer in furtherance of any of the foregoing; or

(f) Any representation, warranty or statement of the Servicer made in this Agreement or any certificate, report or other writing delivered pursuant hereto shall prove to be incorrect in

 

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any material respect as of the time when the same shall have been made, and the incorrectness of such representation, warranty or statement has a material adverse effect on the Trust or the Noteholders and, within 30 days after knowledge thereof by the Servicer or after written notice thereof shall have been given to the Servicer by the Trust Collateral Agent, the circumstances or condition in respect of which such representation, warranty or statement was incorrect shall not have been eliminated or otherwise cured.

(g) AmeriCredit Corp. and its subsidiaries, determined on a consolidated basis in accordance with GAAP, have less than $70,000,000 of Liquidity on the last day of any Collection Period.

SECTION 9.2. Consequences of a Servicer Termination Event. If a Servicer Termination Event shall occur and be continuing, the Trust Collateral Agent or the Majority Noteholders, by notice given in writing to the Servicer (and to the Trust Collateral Agent if given by the Noteholders) may terminate all of the rights and obligations of the Servicer under this Agreement. On or after the receipt by the Servicer of such written notice or upon termination of the term of the Servicer, all authority, power, obligations and responsibilities of the Servicer under this Agreement, whether with respect to the Notes, the Certificates or the Other Conveyed Property or otherwise, automatically shall pass to, be vested in and become obligations and responsibilities of the Backup Servicer (or such other successor Servicer appointed by the Majority Noteholders); provided, however, that the successor Servicer shall have no liability with respect to any obligation which was required to be performed by the terminated Servicer prior to the date that the successor Servicer becomes the Servicer or any claim of a third party based on any alleged action or inaction of the terminated Servicer. The successor Servicer is authorized and empowered by this Agreement to execute and deliver, on behalf of the terminated Servicer, as attorney-in-fact or otherwise, any and all documents and other instruments and to do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement of the Receivables and the Other Conveyed Property and related documents to show the Trust as lienholder or secured party on the related Lien Certificates, or otherwise. The terminated Servicer agrees to cooperate with the successor Servicer in effecting the termination of the responsibilities and rights of the terminated Servicer under this Agreement, including, without limitation, the transfer to the successor Servicer for administration by it of all cash amounts that shall at the time be held by the terminated Servicer for deposit, or have been deposited by the terminated Servicer, in the Collection Account or thereafter received with respect to the Receivables and the delivery to the successor Servicer of all Receivable Files, Monthly Records and Collection Records and a computer tape in readable form as of the most recent Business Day containing all information necessary to enable the successor Servicer to service the Receivables and the Other Conveyed Property. If requested by the Controlling Party (acting at the written direction of the Majority Noteholders), the successor Servicer shall terminate the Lockbox Agreements and direct the Obligors to make all payments under the Receivables directly to the successor Servicer (in which event the successor Servicer shall process such payments in accordance with Section 4.2(e)), or to a lockbox established by the successor Servicer at the direction of the Majority Noteholders, at the successor Servicer’s expense. The terminated Servicer shall grant the Trust Collateral Agent, the successor Servicer and the Majority Noteholders reasonable access to the terminated Servicer’s premises at the terminated Servicer’s expense.

 

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SECTION 9.3. Appointment of Successor.

(a) On and after the time the Servicer receives a notice of termination pursuant to Section 9.2 or upon the resignation of the Servicer pursuant to Section 8.7, (i) the Backup Servicer (unless the Majority Noteholders shall have exercised its option pursuant to Section 9.3(b) to appoint an alternate successor Servicer) shall be the successor in all respects to the Servicer in its capacity as servicer under this Agreement and the transactions set forth or provided for in this Agreement, and shall be subject to all the rights, responsibilities, restrictions, duties, liabilities and termination provisions relating thereto placed on the Servicer by the terms and provisions of this Agreement except as otherwise stated herein. The Trust Collateral Agent and such successor shall take such action, consistent with this Agreement, as shall be necessary to effectuate any such succession. If a successor Servicer is acting as Servicer hereunder, it shall be subject to termination under Section 9.2 upon the occurrence of any Servicer Termination Event applicable to it as Servicer.

(b) The Controlling Party (acting at the written direction of the Majority Noteholders) may exercise at any time its right to appoint as Backup Servicer or as successor to the Servicer a Person other than the Person serving as Backup Servicer at the time, and shall have no liability to the Trust Collateral Agent, AmeriCredit, the Seller, the Person then serving as Backup Servicer, any Noteholders or any other Person if it does so. Notwithstanding the above, if the Backup Servicer shall be legally unable or unwilling to act as Servicer, the Backup Servicer, the Trust Collateral Agent or the Majority Noteholders may petition a court of competent jurisdiction to appoint any eligible servicer as the successor to the Servicer. Pending appointment pursuant to the preceding sentence, the Backup Servicer shall act as successor Servicer unless it is legally unable to do so, in which event the outgoing Servicer shall continue to act as Servicer until a successor has been appointed and accepted such appointment. Subject to Section 8.7, no provision of this Agreement shall be construed as relieving the Backup Servicer of its obligation to succeed as successor Servicer upon the termination of the Servicer pursuant to Section 9.2 or the resignation of the Servicer pursuant to Section 8.7. If upon the termination of the Servicer pursuant to Section 9.2 or the resignation of the Servicer pursuant to Section 8.7, the Majority Noteholders appoint a successor Servicer other than the Backup Servicer, the Backup Servicer shall not be relieved of its duties as Backup Servicer hereunder. In the event any successor Servicer is terminated pursuant to Section 9.2 hereof, the Controlling Party (acting at the written direction of the Majority Noteholders) shall appoint an eligible servicer as successor Servicer or may petition a court of competent jurisdiction to appoint a Person that it determines is competent to perform the duties of the Servicer hereunder as successor Servicer. Pending appointment pursuant to the preceding sentence, the outgoing Servicer shall continue to act as Servicer until a successor has been appointed and accepted such appointment.

(c) Any successor Servicer shall be entitled to such compensation (whether payable out of the Collection Account or otherwise) as the Servicer would have been entitled to under this Agreement if the Servicer had not resigned or been terminated hereunder or such other compensation as set forth herein. If any successor Servicer is appointed, as a result of the Backup Servicer’s refusal (in breach of the terms of this Agreement) to act as Servicer although it is legally able to do so, the Seller and such successor Servicer may agree on reasonable additional compensation to be paid to such successor Servicer, provided, however, it being understood and agreed that the Seller shall give prior notice to the Backup Servicer with respect to the

 

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appointment of such successor and the payment of additional compensation, if any. If any successor Servicer is appointed for any reason other than the Backup Servicer’s refusal to act as Servicer although legally able to do so, the Majority Noteholders and such successor Servicer may agree on additional compensation to be paid to such successor Servicer, which additional compensation shall in no event exceed $150,000 in the aggregate. The Backup Servicer shall be liable for any Servicing Fee, additional compensation or other amounts to be paid to such successor Servicer in connection with its assumption and performance of the servicing duties described herein if, and only if, such successor Servicer is appointed due to the Backup Servicer’s refusal to act as Servicer although legally able to do so, which additional compensation and other amounts shall in no event exceed $150,000 in the aggregate.

(d) Notwithstanding anything contained in this Agreement to the contrary, the Backup Servicer is authorized to accept and rely on all of the accounting records (including computer records) and work of the prior Servicer relating to the Receivables (collectively, the “Predecessor Servicer Work Product”) without any audit or other examination thereof, and the Backup Servicer shall have no duty, responsibility, obligation or liability for the acts and omissions of the prior Servicer. If any error, inaccuracy, omission or incorrect or non-standard practice or procedure (collectively, “Errors”) exist in any Predecessor Servicer Work Product and such Errors make it materially more difficult to service or should cause or materially contribute to the Backup Servicer making or continuing any Errors (collectively, “Continuing Errors”), the Backup Servicer shall have no duty, responsibility, obligation or liability for such Continuing Errors; provided, however, that the Backup Servicer agrees to use its best efforts to prevent further Continuing Errors. In the event that the Backup Servicer becomes aware of Errors or Continuing Errors, it shall, with the prior consent of the Controlling Party use its best efforts to reconstruct and reconcile such data as is commercially reasonable to correct such Errors and Continuing Errors and to prevent future Continuing Errors. The Backup Servicer shall be entitled to recover its costs thereby expended in accordance with Section 5.7(a) of this Agreement.

SECTION 9.4. Notification to Noteholders. Upon any termination of, or appointment of a successor to, the Servicer or the Backup Servicer, the Trust Collateral Agent shall give prompt written notice thereof to each Noteholder and to the Rating Agencies.

SECTION 9.5. Waiver of Past Defaults. The Majority Noteholders may, on behalf of all Noteholders, waive any default by the Servicer in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Servicer Termination Event arising therefrom shall be deemed to have been remedied for every purpose of this Agreement and the Basic Documents. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto.

SECTION 9.6. Backup Servicer Termination. Prior to an appointment as successor Servicer, the Controlling Party may, in its discretion, or shall, at the direction of the Majority Noteholders, (a) terminate all of the rights and obligations of the Backup Servicer under this Agreement in the event of a breach of any of the representations or warranties, covenants or obligations of the Backup Servicer contained in this Agreement or (b) in its sole discretion, without cause upon not less than 30 days’ notice, terminate the rights and obligations of the Backup Servicer. The terminated Backup Servicer agrees to cooperate with any successor Backup Servicer appointed by the Controlling Party in effecting the termination of the

 

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responsibilities and rights of the terminated Backup Servicer under this Agreement, including, without limitation, the delivery to the successor Backup Servicer of all documents, records and electronic information related to the Receivables in the possession of the Backup Servicer. Expenses incurred by the Backup Servicer in respect of the foregoing sentence shall be reimbursed in accordance with Section 5.7(a).

ARTICLE X

Termination

SECTION 10.1. Optional Purchase of All Receivables.

(a) Subject to Section 10.1(a) of the Indenture, on the last day of any Collection Period as of which the Pool Balance shall be less than or equal to 10% of the Original Pool Balance, the Servicer and the Seller each shall have the option to purchase the Owner Trust Estate, other than the Trust Accounts; provided, however, that the amount to be paid for such purchase (as set forth in the following sentence) shall be sufficient to pay the full amount of principal, and interest then due and payable on the Notes. To exercise such option, the Servicer or the Seller, as the case may be, shall deposit pursuant to Section 5.6 in the Collection Account an amount equal to the greater of (i) the amount necessary to pay the full amount of principal and interest then due and payable on the Notes and (ii) the aggregate Purchase Amount for the Receivables (including Liquidated Receivables), plus the appraised value of any other property held by the Trust, (such value to be determined by the Servicer, or if the Trust Collateral Agent has received written notice that there is a material error in the Servicer’s calculation, by an appraiser mutually agreed upon by the Servicer and the Trust Collateral Agent, and shall succeed to all interests in and to the Trust.

(b) Upon any sale of the assets of the Trust pursuant to Section 8.1 of the Trust Agreement, the Servicer shall instruct the Trust Collateral Agent to deposit the proceeds from such sale after all payments and reserves therefrom (including the expenses of such sale) have been made (the “Insolvency Proceeds”) in the Collection Account.

(c) Notice of any termination of the Trust shall be given by the Servicer to the Owner Trustee, the Trustee, the Backup Servicer, the Trust Collateral Agent and the Rating Agencies as soon as practicable after the Servicer has received notice thereof.

(d) Following the satisfaction and discharge of the Indenture and the payment in full of the principal of and interest on the Notes, the Certificateholders will succeed to the rights of the Noteholders hereunder and the Owner Trustee will succeed to the rights of, and assume the obligations of, the Trust Collateral Agent pursuant to this Agreement.

 

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ARTICLE XI

Administrative Duties of the Servicer

SECTION 11.1. Administrative Duties.

(a) Duties with Respect to the Indenture. The Servicer shall perform all its duties and the duties of the Issuer under the Indenture. In addition, the Servicer shall consult with the Owner Trustee as the Servicer deems appropriate regarding the duties of the Issuer under the Indenture. The Servicer shall monitor the performance of the Issuer and shall advise the Owner Trustee when action is necessary to comply with the Issuer’s duties under the Indenture. The Servicer shall prepare for execution by the Issuer or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates and opinions as it shall be the duty of the Issuer to prepare, file or deliver pursuant to the Indenture. In furtherance of the foregoing, the Servicer shall take all necessary action that is the duty of the Issuer to take pursuant to the Indenture, including, without limitation, pursuant to Sections 2.7, 3.5, 3.6, 3.7, 3.9, 3.10, 3.17, 5.1, 5.4, 7.3, 8.4, 9.2, 9.3, 11.1 and 11.15 of the Indenture.

(b) Duties with Respect to the Issuer.

(i) In addition to the duties of the Servicer set forth in this Agreement or any of the Basic Documents, the Servicer shall perform such calculations and shall prepare for execution by the Issuer or the Owner Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates and opinions as it shall be the duty of the Issuer or the Owner Trustee to prepare, file or deliver pursuant to this Agreement or any of the Basic Documents or under state and federal tax and securities laws (including any filings required pursuant to the Sarbanes-Oxley Act of 2002 or any rule or regulation promulgated thereunder), and at the request of the Owner Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to this Agreement or any of the Basic Documents, including, without limitation, pursuant to Sections 2.6 and 2.11 of the Trust Agreement. In accordance with the directions of the Issuer or the Owner Trustee, the Servicer shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Issuer or the Owner Trustee and are reasonably within the capability of the Servicer. The Servicer shall monitor the activities of the Issuer to ensure the Issuer’s compliance with Section 4.6 of the Trust Agreement and shall take all action necessary to ensure that the Issuer is operated in accordance with the provisions of such section.

(ii) Notwithstanding anything in this Agreement or any of the Basic Documents to the contrary, the Servicer shall be responsible for promptly notifying the Owner Trustee and the Trust Collateral Agent in the event that any withholding tax is imposed on the Issuer’s payments (or allocations of income) to an Owner (as defined in the Trust Agreement) as contemplated by this Agreement. Any such notice shall be in writing and specify the amount of any withholding tax required to be withheld by the Owner Trustee or the Trust Collateral Agent pursuant to such provision.

 

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(iii) Notwithstanding anything in this Agreement or the Basic Documents to the contrary, the Servicer shall be responsible for performance of the duties of the Issuer set forth in Sections 5.1(a) and (b) of the Trust Agreement with respect to, among other things, accounting and reports to Owners (as defined in the Trust Agreement); provided, however, that once prepared by the Servicer, the Owner Trustee shall retain responsibility for the distribution of any necessary Schedule K-1s, as applicable, to enable the Certificateholder to prepare its federal and state income tax returns.

(iv) The Servicer shall perform the duties of the Servicer specified in Section 9.2 of the Trust Agreement required to be performed in connection with the resignation or removal of the Owner Trustee, the duties of the Servicer specified in Section 10.11 of the Trust Agreement including those required to be performed in connection with the Term Asset-Backed Securities Loan Facility, and any other duties expressly required to be performed by the Servicer under this Agreement or any of the Basic Documents.

(v) In carrying out the foregoing duties or any of its other obligations under this Agreement, the Servicer may enter into transactions with or otherwise deal with any of its Affiliates; provided, however, that the terms of any such transactions or dealings shall be in accordance with any directions received from the Issuer and shall be, in the Servicer’s opinion, no less favorable to the Issuer in any material respect.

(c) Tax Matters. The Servicer shall prepare and file, on behalf of the Seller, all tax returns, tax elections, financial statements and such annual or other reports attributable to the activities engaged in by the Issuer as are necessary for preparation of tax reports, including without limitation forms 1099. All tax returns will be signed by the Seller or the Servicer.

(d) Non-Ministerial Matters. With respect to matters that in the reasonable judgment of the Servicer are non-ministerial, the Servicer shall not take any action pursuant to this Article unless within a reasonable time before the taking of such action, the Servicer shall have notified the Owner Trustee and the Trustee of the proposed action and the Owner Trustee and, with respect to items (A), (B), (C) and (D) below, the Trustee shall not have withheld consent. For the purpose of the preceding sentence, “non-ministerial matters” shall include:

(A) the amendment of or any supplement to the Indenture;

(B) the initiation of any claim or lawsuit by the Issuer and the compromise of any action, claim or lawsuit brought by or against the Issuer (other than in connection with the collection of the Receivables);

(C) the amendment, change or modification of this Agreement or any of the Basic Documents;

(D) the appointment of successor Note Registrars, successor Paying Agents and successor Trustees pursuant to the Indenture or the appointment of successor Servicers or the consent to the assignment by the Note Registrar, Paying Agent or Trustee of its obligations under the Indenture; and

(E) the removal of the Trustee or the Trust Collateral Agent.

 

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(e) Exceptions. Notwithstanding anything to the contrary in this Agreement, except as expressly provided herein or in the other Basic Documents, the Servicer, in its capacity hereunder, shall not be obligated to, and shall not, (1) make any payments to the Noteholders or Certificateholders under the Basic Documents, (2) sell the Trust Property pursuant to Section 5.5 of the Indenture, (3) take any other action that the Issuer directs the Servicer not to take on its behalf or (4) in connection with its duties hereunder assume any indemnification obligation of any other Person.

(f) The Backup Servicer or any successor Servicer shall not be responsible for any obligations or duties of the Servicer under this Section 11.1. Notwithstanding the foregoing or any other provision of this Agreement, AmeriCredit shall continue to perform the obligations of the Servicer under this Section 11.1.

SECTION 11.2. Records. The Servicer shall maintain appropriate books of account and records relating to services performed under this Agreement, which books of account and records shall be accessible for inspection by the Issuer at any time during normal business hours.

SECTION 11.3. Additional Information to be Furnished to the Issuer. The Servicer shall furnish to the Issuer from time to time such additional information regarding the Collateral as the Issuer shall reasonably request.

ARTICLE XII

Miscellaneous Provisions

SECTION 12.1. Amendment. This Agreement may be amended from time to time by the parties hereto, with the consent of the Trustee (which consent may not be unreasonably withheld) but without the consent of any of the Noteholders, to cure any ambiguity, to correct or supplement any provisions in this Agreement, to comply with any changes in the Code, or to make any other provisions with respect to matters or questions arising under this Agreement which shall not be inconsistent with the provisions of this Agreement; provided, however, that such action shall not, as evidenced by an Opinion of Counsel delivered to Owner Trustee and the Trustee, adversely affect in any material respect the interests of any Noteholder.

This Agreement may also be amended from time to time by the parties hereto, with the consent of the Trustee, and with the consent of the Holders of Notes evidencing not less than a majority of the outstanding principal amount of the Notes for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or of modifying in any manner the rights of the Noteholders; provided, however, that no such amendment shall (a) increase or reduce in any manner the amount of, or accelerate or delay the timing of, collections of payments on Receivables or distributions that shall be required to be made for the benefit of the Noteholders or (b) reduce the aforesaid percentage of the outstanding principal amount of the Notes, the Holders of which are required to consent to any such amendment, without the consent of the Holders of all the outstanding Notes of each class affected thereby.

 

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Promptly after the execution of any such amendment or consent, the Trust Collateral Agent shall furnish written notification of the substance of such amendment or consent to each Noteholder and the Rating Agencies.

It shall not be necessary for the consent of the Noteholders pursuant to this Section to approve the particular form of any proposed amendment or consent, but it shall be sufficient if such consent shall approve the substance thereof. The manner of obtaining such consents (and any other consents of Noteholders provided for in this Agreement) and of evidencing the authorization of any action by Noteholders shall be subject to such reasonable requirements as the Trustee or the Owner Trustee, as applicable, may prescribe.

Prior to the execution of any amendment to this Agreement, the Owner Trustee, the Trustee, the Trust Collateral Agent and the Backup Servicer shall be entitled to receive and conclusively rely upon an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by this Agreement and the Opinion of Counsel referred to in Section 12.2(h)(1) has been delivered. The Owner Trustee, the Trust Collateral Agent, the Backup Servicer and the Trustee may, but shall not be obligated to, enter into any such amendment which affects the Issuer’s, the Owner Trustee’s, the Trust Collateral Agent’s, the Backup Servicer’s or the Trustee’s, as applicable, own rights, duties or immunities under this Agreement or otherwise.

SECTION 12.2. Protection of Title to Trust.

(a) The Seller shall execute and file such financing statements and cause to be executed and filed such continuation statements, all in such manner and in such places as may be required by law fully to preserve, maintain and protect the interest of the Issuer and the interests of the Trust Collateral Agent in the Receivables and in the proceeds thereof. The Seller shall deliver (or cause to be delivered) to the Owner Trustee and the Trust Collateral Agent file-stamped copies of, or filing receipts for, any document filed as provided above, as soon as available following such filing.

(b) Neither the Seller nor the Servicer shall change its name, identity or corporate structure in any manner that would, could or might make any financing statement or continuation statement filed in accordance with paragraph (a) above seriously misleading within the meaning of 9-506 of the UCC, unless it shall have given the Owner Trustee, the Trust Collateral Agent, the Backup Servicer and the Trustee at least five days’ prior written notice thereof and shall have promptly filed appropriate amendments to all previously filed financing statements or continuation statements. Promptly upon such filing, the Seller or the Servicer, as the case may be, shall deliver an Opinion of Counsel in form and substance reasonably satisfactory to the Trust Collateral Agent, stating either (A) all financing statements and continuation statements have been executed and filed that are necessary fully to preserve and protect the interest of the Trust and the Trust Collateral Agent in the Receivables, and reciting the details of such filings or referring to prior Opinions of Counsel in which such details are given, or (B) no such action shall be necessary to preserve and protect such interest.

 

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(c) Each of the Seller and the Servicer shall have an obligation to give the Owner Trustee, the Backup Servicer, the Trust Collateral Agent and the Trustee at least 60 days’ prior written notice of any relocation of its principal executive office or jurisdiction of organization if, as a result of such relocation, the applicable provisions of the UCC would require the filing of any amendment of any previously filed financing or continuation statement or of any new financing statement and shall promptly file any such amendment or new financing statement. The Servicer shall at all times maintain (i) each office from which it shall service Receivables within the United States of America or Canada, and (ii) its principal executive office within the United States of America.

(d) The Servicer shall maintain accounts and records as to each Receivable accurately and in sufficient detail to permit (i) the reader thereof to know at any time the status of such Receivable, including payments and recoveries made and payments owing (and the nature of each) and (ii) reconciliation between payments or recoveries on (or with respect to) each Receivable and the amounts from time to time deposited in the Collection Account in respect of such Receivable.

(e) The Servicer shall maintain its computer systems so that, from and after the time of sale under this Agreement of the Receivables to the Issuer, the Servicer’s master computer records (including any backup archives) that refer to a Receivable shall indicate clearly the interest of the Trust in such Receivable and that such Receivable is owned by the Trust. Indication of the Trust’s interest in a Receivable shall be deleted from or modified on the Servicer’s computer systems when, and only when, the related Receivable shall have been paid in full or repurchased or sold pursuant to this Agreement.

(f) If at any time the Seller or the Servicer shall propose to sell, grant a security interest in or otherwise transfer any interest in automotive receivables to any prospective purchaser, lender or other transferee, the Servicer shall give to such prospective purchaser, lender or other transferee computer tapes, records or printouts (including any restored from backup archives) that, if they shall refer in any manner whatsoever to any Receivable, shall indicate clearly that such Receivable has been sold and is owned by the Trust.

(g) Upon request, the Servicer shall furnish to the Owner Trustee, the Backup Servicer or to the Trustee, within five Business Days, a list of all Receivables (by contract number and name of Obligor) then held as part of the Trust, together with a reconciliation of such list to the Schedule of Receivables and to each of the Servicer’s Certificates furnished before such request indicating removal of Receivables from the Trust.

(h) The Servicer shall deliver to the Backup Servicer, the Owner Trustee and the Trustee:

(1) promptly after the execution and delivery of the Agreement and, if required pursuant to Section 12.1, of each amendment, an Opinion of Counsel stating that, in the opinion of such Counsel, either (A) all financing statements and continuation statements have been executed and filed that are necessary fully to preserve and protect the interest of the Trust and the Trust Collateral Agent in the Receivables, and reciting the details of such filings or referring to prior Opinions of Counsel in which such details are given, or (B) no such action shall be necessary to preserve and protect such interest; and

 

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(2) within 90 days after the beginning of each calendar year beginning with the first calendar year beginning more than three months after the Cutoff Date, an Opinion of Counsel, dated as of a date during such 90-day period, stating that, in the opinion of such counsel, either (A) all financing statements and continuation statements have been executed and filed that are necessary fully to preserve and protect the interest of the Trust and the Trust Collateral Agent in the Receivables, and reciting the details of such filings or referring to prior Opinions of Counsel in which such details are given, or (B) no such action shall be necessary to preserve and protect such interest.

Each Opinion of Counsel referred to in clause (1) or (2) above shall specify any action necessary (as of the date of such opinion) to be taken in the following year to preserve and protect such interest.

SECTION 12.3. Notices. All demands, notices and communications upon or to the Seller, the Servicer, the Owner Trustee, the Trustee, the Backup Servicer or the Rating Agencies under this Agreement shall be in writing, personally delivered, electronically delivered, mailed by certified mail, return receipt requested, federal express or similar overnight courier service, and shall be deemed to have been duly given upon receipt (a) in the case of the Seller to AFS SenSub Corp., 2265 B Renaissance Drive, Suite 17, Las Vegas, Nevada 89119, Attention: Chief Financial Officer, (b) in the case of the Servicer to AmeriCredit Financial Services, Inc., 801 Cherry Street, Suite 3500, Fort Worth, Texas 76102, Attention: Chief Financial Officer, (c) in the case of the Issuer or the Owner Trustee, at the Corporate Trust Office of the Owner Trustee, Wilmington Trust Company, Rodney Square North, 1100 North Market Street, Wilmington, Delaware 19890-0001, Attention: Corporate Trust Administration, (d) in the case of the Trustee, the Trust Collateral Agent or the Backup Servicer, Wells Fargo Bank, National Association Sixth Street and Marquette Avenue, MAC N9311-161, Minneapolis, Minnesota 55479, Attention: Corporate Trust Office, (e) in the case of Moody’s, to Moody’s Investors Service, Inc., ABS Monitoring Department, 7 World Trade Center at 250 Greenwich Street, Asset Finance Group – 24th Floor, New York, New York 10007; and (f) in the case of Standard & Poor’s, via electronic delivery to Servicer_reports@sandp.com, or, for any information not available in electronic format, to Standard & Poor’s Ratings Services, 55 Water Street, 41st Floor, New York, New York 10041-0003, Attention: ABS Surveillance Group. Any notice required or permitted to be mailed to a Noteholder shall be given by first class mail, postage prepaid, at the address of such Holder as shown in the Note Register. Any notice so mailed within the time prescribed in the Agreement shall be conclusively presumed to have been duly given, whether or not the Noteholder shall receive such notice.

SECTION 12.4. Assignment. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and permitted assigns. Notwithstanding anything to the contrary contained herein, except as provided in Sections 7.4 and 8.5 and as provided in the provisions of this Agreement concerning the resignation of the Servicer, this Agreement may not be assigned by the Seller or the Servicer without the prior written consent of the Owner Trustee, the Trust Collateral Agent, the Backup Servicer, the Trustee and the Majority Noteholders.

 

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SECTION 12.5. Limitations on Rights of Others. The provisions of this Agreement are solely for the benefit of the parties hereto, the Trustee and the Noteholders, as third-party beneficiaries. Nothing in this Agreement, whether express or implied, shall be construed to give to any other Person any legal or equitable right, remedy or claim in the Owner Trust Estate or under or in respect of this Agreement or any covenants, conditions or provisions contained herein.

SECTION 12.6. Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

SECTION 12.7. Separate Counterparts. This Agreement may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute but one and the same instrument.

SECTION 12.8. Headings. The headings of the various Articles and Sections herein are for convenience of reference only and shall not define or limit any of the terms or provisions hereof.

SECTION 12.9. Governing Law. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND THIS AGREEMENT AND ALL MATTERS ARISING OUT OF OR RELATING IN ANY WAY TO THIS AGREEMENT SHALL BE GOVERNED BY, THE LAW OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ITS CONFLICT OF LAW PROVISIONS (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW).

SECTION 12.10. Assignment to Trust Collateral Agent. The Seller hereby acknowledges and consents to any mortgage, pledge, assignment and grant of a security interest by the Issuer to the Trust Collateral Agent pursuant to the Indenture for the benefit of the Noteholders of all right, title and interest of the Issuer in, to and under the Receivables listed in Schedule A hereto and/or the assignment of any or all of the Issuer’s rights and obligations hereunder to the Trust Collateral Agent.

SECTION 12.11. Nonpetition Covenants.

(a) Notwithstanding any prior termination of this Agreement, the Servicer and the Seller shall not, prior to the date which is one year and one day after the termination of this Agreement with respect to the Issuer, acquiesce, petition or otherwise invoke or cause the Issuer to invoke the process of any court or government authority for the purpose of commencing or sustaining a case against the Issuer under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer.

 

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(b) Notwithstanding any prior termination of this Agreement, the Servicer shall not, prior to the date that is one year and one day after the termination of this Agreement with respect to the Seller, acquiesce to, petition or otherwise invoke or cause the Seller to invoke the process of any court or government authority for the purpose of commencing or sustaining a case against the Seller under any federal or state bankruptcy, insolvency or similar law, appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator, or other similar official of the Seller or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Seller.

SECTION 12.12. Limitation of Liability of Owner Trustee and Trust Collateral Agent

(a) Notwithstanding anything contained herein to the contrary, this Agreement has been countersigned by Wilmington Trust Company not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer and in no event shall Wilmington Trust Company in its individual capacity or, except as expressly provided in the Trust Agreement, as Owner Trustee have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder or in any of the certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to the assets of the Issuer. For all purposes of this Agreement, in the performance of its duties or obligations hereunder or in the performance of any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles V, VI and VII of the Trust Agreement.

(b) Notwithstanding anything contained herein to the contrary, this Agreement has been executed and delivered by Wells Fargo Bank, National Association, not in its individual capacity but solely as Trust Collateral Agent and Backup Servicer and in no event shall Wells Fargo Bank, National Association, have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder or in any of the certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to the assets of the Issuer.

(c) In no event shall Wells Fargo Bank, National Association, in any of its capacities hereunder, be deemed to have assumed any duties of the Owner Trustee under the Delaware Statutory Trust Statute, common law, or the Trust Agreement.

SECTION 12.13. Independence of the Servicer. For all purposes of this Agreement, the Servicer shall be an independent contractor and shall not be subject to the supervision of the Issuer, the Trust Collateral Agent and the Backup Servicer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by this Agreement, the Servicer shall have no authority to act for or represent the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.

SECTION 12.14. No Joint Venture. Nothing contained in this Agreement (i) shall constitute the Servicer and either of the Issuer or the Owner Trustee as members of any partnership, joint venture, association, syndicate, unincorporated business or other separate entity, (ii) shall be construed to impose any liability as such on any of them or (iii) shall be deemed to confer on any of them any express, implied or apparent authority to incur any obligation or liability on behalf of the others.

 

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SECTION 12.15. State Business Licenses. The Servicer or the Certificateholder shall prepare and instruct the Trust to file each state business license (and any renewal thereof) required to be filed under applicable state law without further consent or instruction from the Instructing Party (as defined in the Trust Agreement), including a Sales Finance Company Application (and any renewal thereof) with the Pennsylvania Department of Banking, Licensing Division, and a Financial Regulation Application (and any renewal thereof) with the Maryland Department of Labor, Licensing and Regulation.

[Remainder of Page Intentionally Left Blank]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered by their respective duly authorized officers as of the day and the year first above written.

 

AMERICREDIT PRIME AUTOMOBILE RECEIVABLES TRUST 2009-1
By: WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee on behalf of the Trust.
By:   /s/ Bethany J. Taylor
  Name: Bethany J. Taylor
  Title:   Financial Services Officer

 

AFS SENSUB CORP.,

Seller,

By:   /s/ Sheli D. Fitzgerald
  Name: Sheli D. Fitzgerald
  Title:   Vice President, Structured Finance

 

AMERICREDIT FINANCIAL SERVICES, INC., Servicer,
By:   /s/ Susan B. Sheffield
 

Name: Susan B. Sheffield

Title:   Executive Vice President, Structured

            Finance

[Sale and Servicing Agreement]


WELLS FARGO BANK, NATIONAL ASSOCIATION,

not in its individual capacity but solely as Backup Servicer

By:   /s/ Marianna C. Stershic
Name:   Marianna C. Stershic
Title:   Vice President

 

Acknowledged and accepted by

 

WELLS FARGO BANK, NATIONAL ASSOCIATION,

not in its individual capacity but

solely as Trust Collateral Agent

By:   /s/ Marianna C. Stershic
  Name: Marianna C. Stershic
  Title:   Vice President

[Sale and Servicing Agreement]


SCHEDULE A

SCHEDULE OF RECEIVABLES

 

SCH-A-1


Total Initial Cut

 

Loan
Number

   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
432923993    437360209    438218083    440657047    440705028    440761104    441226024    430678268    436404768    436538961
435094909    437360241    438218125    440657146    440705044    440761112    441226032    430678383    436404776    436538987
435575097    437360357    438218166    440657153    440705085    440761120    441226073    430678763    436404792    436539019
436277560    437360381    438218208    440657161    440705135    440761260    441226107    430678847    436404826    436539027
436427686    437360399    438218265    440657286    440705143    440761336    441226115    430678854    436404834    436539050
436427702    437360415    438218497    440657351    440705200    440761369    441226123    430679084    436404842    436539084
436427942    437360480    438218513    440657377    440705226    440763019    441226222    430679134    436404883    436539092
436427975    437360506    438218638    440657393    440705234    440763043    441226248    430679175    436404891    436539100
436428585    437360555    438218778    440657427    440705242    440763142    441226271    430679431    436404917    436539118
436428684    437360571    438219099    440657518    440705309    440763159    441226297    430679480    436404941    436539134
436428882    437360654    438219289    440657559    440705325    440763183    441231842    430679787    436404958    436539159
436428999    437360670    438220105    440657708    440705366    440763191    441231875    430679795    436404966    436539167
436429088    437360712    438220493    440657724    440705374    440763225    441231891    430679829    436404974    436539175
436429120    437360746    438221921    440657740    440705390    440763241    441231933    430680132    436404990    436539183
436429385    437360845    438221962    440657781    440705408    440763399    441231966    430680710    436405013    436539191
436429419    437360852    438222028    440657872    440705424    440763472    441231990    430681064    436405021    436539209
436429443    437360860    438223026    440658029    440705440    440763514    441232071    430681262    436405039    436539217
436429484    437360886    438224347    440658144    440706257    440763597    441232097    430681544    436405047    436539225
436429559    437360951    438224503    440658151    440706265    440763605    441232238    430681627    436405070    436539233
436429757    437360985    438255432    440658185    440706273    440763670    441232261    430681668    436405112    436539274
436443378    437361009    438391799    440658193    440706307    440763837    441232378    430681783    436405138    436539282
436443485    437361025    438443251    440658284    440706323    440763902    441232451    430681973    436405146    436539290
436443519    437361082    438475386    440658326    440706331    440763951    441232469    430682195    436405153    436542658
436443543    437361199    438486086    440658334    440706364    440764025    441232477    430682757    436410864    436542666
436443600    437361231    438493983    440658342    440706372    440764108    441232501    430683649    436410872    436542682
436443709    437361249    438497570    440658391    440706745    440764116    441232568    430684274    436410880    436542708
436443741    437361256    438504078    440658524    440706752    440764181    441232634    430685032    436410898    436542716
436443972    437361280    438507030    440658581    440706802    440764330    441232675    430685305    436410906    436542724
436444012    437361322    438540882    440658680    440706828    440764488    441232717    430685578    436410914    436542757
436444020    437361355    438540932    440658912    440706935    440764520    441232758    430685909    436410922    436542781
436444137    437361363    438542870    440658938    440706968    440764553    441232808    430686360    436410930    436544845
436444269    437361371    438543084    440659050    440706984    440764579    441232857    430686444    436410955    436547152
436444459    437361439    438558405    440659068    440707008    440764587    441232964    430686527    436410971    436547160
436444483    437361470    438567232    440659167    440707057    440764595    441232972    430686717    436410989    436547178
436458475    437361611    438580300    440659324    440707081    440764603    441232980    430686741    436410997    436547194
436458566    437361645    438584450    440659407    440707131    440764736    441232998    430687004    436411011    436547210
436458608    437361678    438585366    440659431    440707248    440764769    441233020    430687087    436411052    436547244
436458657    437361686    438587958    440659506    440707263    440764959    441233087    430687111    436411086    436547251
436458723    437361702    438589210    440659753    440707289    440764967    441233160    430687517    436415350    436547269
436458905    437361728    438590606    440659761    440707297    440765030    441233798    430687681    436415368    436549232
436459275    437361744    438591299    440659779    440707305    440765048    441233889    430687756    436415392    436551071
436459317    437361819    438593865    440659811    440707313    440765063    441233913    430688259    436415418    436551097
436459440    437361843    438595639    440659852    440708741    440765204    441233947    430688440    436415467    436551105
436459556    437361918    438605818    440659977    440708774    440879757    441234010    430688903    436415491    436551147
436459606    437362023    438605925    440660041    440708899    440879880    441234101    430689067    436416564    436551154
436472153    437362064    438613499    440660058    440708907    440879955    441234119    430689190    436416630    436551162
436472211    437362080    438613747    440660074    440708915    440880185    441234127    430689885    436416648    436551188
436472237    437362098    438614927    440660116    440709053    440880219    441241841    430690529    436416655    436551196
436472369    437362163    438616260    440660132    440709061    440880326    441241874    430690602    436416663    436551212
436472419    437362189    438627325    440660140    440709079    440880334    441241908    430691154    436416689    436551246
436472500    437362221    438628935    440660181    440709103    440880383    441241957    430692004    436416705    436551253
436472575    437362288    438645806    440660207    440709137    440880409    441241999    430692103    436416713    436551279
436472641    437362304    438651986    440660264    440709251    440880722    441242120    430692616    436416721    436551287
436472666    437362361    438690117    440660272    440709269    440880813    441242179    430692798    436416747    436551303
436484893    437362387    438695157    440660298    440709277    440880854    441242187    430692939    436416788    436551337
436484919    437362403    438726903    440660363    440709343    440880870    441242310    430692988    436416804    436551352
436484943    437362478    438733321    440660447    440709350    440880946    441242450    430693028    436416820    436551360
436485163    437362569    438742272    440660454    440709368    440880953    441242468    430693556    436416879    436551378
436485478    437362577    438742553    440660538    440709376    440880961    441242484    430693739    436416887    436551386
436485528    437362668    438744484    440660579    440709434    440881001    441242526    430694224    436416895    436551394
436485593    437362700    438744724    440660660    440709467    440884120    441242559    430694885    436416929    436551410
436498877    437362726    438749640    440660678    440709491    440884146    441242716    430694901    436416937    436551436
436498927    437362759    438768913    440660769    440709533    440884229    441242864    430695429    436416945    436551444
436499156    437362858    438770059    440660793    440709558    440884443    441242898    430695718    436416952    436551451
436499180    437362882    438772121    440660819    440709574    440884476    441244183    430695817    436416960    436551469
436499198    437362890    438773590    440660827    440709616    440884534    441244191    430695833    436416994    436551485
436499206    437362973    438775884    440660876    440709632    440884542    441244209    430695866    436417000    436551493
436499255    437363039    438776825    440660884    440709657    440884567    441244258    430695999    436417026    436551535
436499263    437363047    438779183    440660892    440709665    440884625    441244266    430696112    436417034    436551550
436510242    437363138    438779522    440660934    440709723    440884682    441244290    430696559    436417042    436551568
436510374    437363252    438779811    440660959    440709764    440884757    441244365    430696708    436417059    436551592
436510465    437363260    438780116    440660983    440709798    440884765    441244407    430696716    436417075    436551634
436510481    437363310    438781312    440661023    440709855    440884831    441244415    430696724    436417083    436551642

Loan
Number

   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
436663447    436806525    436928535    437058977    437193063    440995322    441141066    441366051    441583333    441772241
436663462    436806541    436928550    437058985    437193071    440995348    441141082    441366085    441583358    441772258
436663488    436806558    436928568    437058993    437193089    440995355    441141108    441366119    441583366    441772274
436663512    436806566    436928576    437059009    437193097    440995371    441141116    441366127    441583374    441772282
436663520    436806582    436928584    437059033    437193105    440995389    441141140    441366143    441583382    441772290
436663538    436806608    436928600    437059074    437193113    440995397    441141165    441366150    441583903    441772308
436663546    436806616    436928618    437059090    437193139    440995405    441141173    441366168    441583929    441772316
436663579    436806624    436928626    437059108    437193154    440995413    441141181    441366176    441583937    441772332
436663595    436806632    436928634    437059140    437193162    440995421    441141199    441366184    441583952    441772357
436668917    436806640    436928642    437059165    437193188    440995439    441141223    441366192    441583960    441772365
436668925    436806657    436928683    437059181    437193196    440995447    441141231    441366200    441583986    441772373
436668933    436807721    436928691    437059199    437193212    440995454    441141249    441370665    441583994    441772381
436668958    436807747    436928709    437059207    437193238    440995462    441141272    441370673    441584000    441772399
436668974    436807754    436928725    437059256    437193253    440995470    441141298    441370699    441584018    441772407
436668982    436807762    436928741    437059264    437193261    440995488    441141322    441370707    441584026    441772415
436669022    436807788    436928766    437059272    437193279    440995496    441141330    441370715    441584034    441772423
436669030    436807796    436928774    437059280    437193295    440995504    441141355    441370723    441584075    441772431
436669048    436807804    436928790    437060510    437193303    440995512    441141371    441374717    441584091    441772449
436669063    436807820    436928832    437060619    437193311    440995520    441141389    441374725    441584117    441772456
436669097    436807838    436928840    437060643    437193329    440995553    441141397    441374733    441587169    441772472
436669105    436807887    436928873    437060650    437193337    440995561    441141405    441374758    441587177    441772480
436669113    436807895    436928915    437060676    437193345    440995595    441141413    441374766    441587185    441772498
436669121    436807903    436928923    437060684    437193360    440995603    441145232    441374774    441591104    441772506
436669139    436807911    436928931    437060692    437193378    440995611    441145265    441374782    441591120    441772530
436669154    436807937    436928949    437060700    437193386    440995637    441148723    441375649    441591138    441772548
436669170    436807960    436928956    437060718    437193394    440995645    441149929    441375656    441591146    441772555
436669188    436807978    436928964    437060742    437193410    440995652    441149960    441375664    441591161    441772589
436669196    436807986    436928980    437060767    437193428    440995678    441149986    441375680    441591179    441774171
436674121    436807994    436928998    437060783    437193444    440995686    441149994    441375698    441591187    441775152
436674139    436808000    436929004    437060791    437193451    440995694    441150000    441375706    441591195    441775160
436674147    436808018    436929012    437060825    437193469    440995702    441150018    441375714    441591203    441775178
436674154    436808034    436929020    437060833    437193477    440995744    441150026    441375722    441591211    441776002
436674188    436808059    436929038    437060841    437193485    440995751    441150059    441375748    441591229    441777281
436674204    436808075    436929053    437060858    437193519    440995769    441150067    441375755    441591237    441777299
436674220    436808083    436929061    437060866    437196207    440995785    441150075    441375763    441591245    441777323
436674238    436808091    436929079    437060882    437196215    440995793    441150083    441375771    441591260    441777331
436674261    436808109    436929087    437060908    437196223    440995801    441150091    441375789    441594504    441777349
436674287    436808117    436929103    437060916    437196231    440995819    441150109    441375797    441594520    441777356
436674295    436808133    436929137    437060924    437196264    440995835    441150117    441375805    441594546    441777364
436674311    436808166    436934004    437060940    437196298    440995843    441150133    441375813    441594553    441777372
436674337    436808174    436934012    437060957    437196306    440995850    441150158    441375821    441594561    441777380
436675110    436808182    436934038    437060965    437196314    440995868    441150166    441375839    441597333    441777638
436675136    436808216    436934046    437060981    437196322    440995876    441150174    441375847    441597358    441777646
436675151    436808224    436934061    437061005    437196330    440995884    441150182    441375862    441597366    441777653
436675169    436808232    436934087    437061021    437196348    440995926    441150190    441375870    441597382    441777661
436675177    436808240    436934095    437061062    437196363    440995934    441150216    441375904    441597390    441777687
436675201    436808257    436934111    437061070    437196371    440997872    441150232    441379815    441597408    441777695
436675268    436808273    436938054    437061096    437196389    440998078    441150240    441379823    441597416    441777711
436675276    436808281    436938062    437061112    437196397    441000361    441150257    441383783    441597952    441777729
436675284    436808299    436938088    437061120    437196405    441001831    441150265    441383791    441597960    441777745
436675292    436808315    436938096    437061138    437196413    441001849    441150281    441383825    441597978    441780814
436675300    436808323    436938104    437061179    437196421    441001856    441150299    441383833    441597986    441780822
436675334    436808331    436938138    437061187    437196439    441001864    441150307    441384864    441597994    441780848
436675342    436808349    436938146    437061203    437196447    441001872    441150315    441384880    441598000    441780855
436675359    436808406    436938237    437061211    437196462    441001880    441150323    441384898    441598018    441780871
436675367    436808422    436938245    437061229    437196470    441006962    441150349    441384914    441598034    441783222
436675375    436808430    436938252    437061237    437196488    441006988    441150356    441384922    441598067    441783339
436675425    436808455    436938286    437061245    437196520    441007002    441150364    441384930    441598075    441783347
436675433    436808463    436938310    437061252    437196553    441007010    441152360    441384955    441598091    441783354
436675441    436813687    436938351    437061260    437196561    441007036    441154788    441384989    441598117    441783370
436675474    436813711    436938369    437061286    437196579    441007051    441154804    441384997    441598125    441783396
436675482    436813745    436938377    437061310    437196587    441007069    441154846    441385002    441598133    441783412
436675490    436813752    436938385    437061328    437196595    441007077    441154853    441385010    441598141    441783420
436675508    436813760    436938393    437061336    437196611    441007093    441154861    441385069    441598158    441783438
436675516    436813802    436938401    437061351    437196629    441007101    441154887    441385077    441598166    441783446
436675524    436813810    436939482    437067358    437196637    441007127    441158516    441385085    441598182    441783453
436675532    436813836    436939524    437067366    437196645    441007150    441158532    441385093    441598190    441783461
436675557    436813844    436939540    437067382    437196652    441007168    441158540    441385101    441598216    441783479
436675565    436813851    436939573    437067390    437196686    441007176    441158565    441385119    441598224    441783487
436675573    436813869    436939581    437067408    437196702    441007218    441158573    441385135    441598232    441783503
436675581    436813877    436939607    437067424    437196728    441007226    441158581    441385143    441598240    441783511
436675599    436813968    436939615    437067432    437196736    441007234    441158599    441385150    441598265    441783727
436675615    436818264    436939623    437067440    437196751    441007242    441159860    441385168    441598281    441783735

 

SCH-A-2


Total Initial Cut

 

Loan
Number

   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
436510879    437363336    438781585    440661197    440709897    440884864    441244431    430696914    436417125    436551683
436511000    437363351    438782377    440661213    440709988    440884906    441244514    430696989    436417133    436551691
436511042    437363427    438784258    440661270    440709996    440884971    441244571    430697060    436417141    436551709
436511067    437363450    438785347    440661304    440710028    440885028    441244613    430697359    436417166    436551717
436522965    437363468    438789026    440661312    440710036    440885077    441244654    430697516    436417174    436551725
436523500    437363641    438791576    440661395    440710051    440885135    441252095    430697557    436417182    436551733
436523609    437363674    438791717    440661429    440710077    440885184    441252111    430697631    436417190    436551766
436523617    437363864    438792590    440661585    440710135    440885226    441252178    430697904    436417224    436551774
436523690    437363955    438793390    440661619    440710150    440885267    441252434    430698795    436417257    436551782
436523773    437363971    438794711    440661726    440710176    440885283    441253812    430698837    436417273    436551808
436523799    437363997    438795122    440661809    440710192    440885366    441253853    430698845    436417299    436551816
436523997    437364011    440380038    440661817    440710218    440885424    441253861    430698886    436417323    436551824
436524011    437364029    440380293    440661825    440710283    440885432    441253911    430698936    436417331    436551832
436524045    437364060    440380418    440661965    440710291    440885440    441253952    430699710    436417349    436551840
436535512    437364078    440382026    440661973    440710309    440898252    441254018    430700286    436417364    436551857
436535553    437364102    440382406    440662138    440710341    440898377    441254042    430700419    436417372    436551865
436535595    437364169    440383826    440662153    440710390    440898419    441254059    430700476    436418586    436551881
436535637    437364177    440384139    440662179    440710473    440898575    441254067    430700526    436420830    436551899
436535678    437364235    440385698    440662203    440710507    440898641    441254109    430701110    436421804    436551915
436535686    437364276    440390383    440662328    440710549    440898658    441254166    430701185    436421812    436551931
436535736    437364326    440392496    440662336    440710572    440898666    441254182    430701326    436421820    436551956
436535868    437364334    440393478    440662385    440710598    440898674    441254190    430701847    436421838    436551972
436536437    437364458    440395531    440662419    440710614    440898708    441261815    430702209    436421846    436551980
436550032    437364490    440395853    440662435    440710648    440898765    441261898    430702837    436421853    436551998
436550198    437364581    440396026    440662443    440710689    440899037    441261963    430703298    436421861    436552004
436550438    437364623    440396323    440662484    440710713    440899110    441262045    430703439    436421879    436552012
436550800    437364649    440398626    440662526    440710721    440899219    441262243    430703660    436421887    436554844
436560080    437365182    440399749    440662591    440710739    440899292    441262458    430703934    436421903    436554851
436560155    437365257    440400653    440662658    440710747    440902229    441262490    430704288    436421911    436554869
436523104    437366974    440402246    440662682    440710788    440902302    441262623    430704528    436421929    436554885
436523138    437367204    440402741    440662724    440710861    440902492    441263050    430704585    436421945    436554893
436523179    437367584    440404788    440662740    440710887    440902526    441263175    430704759    436421960    436554919
436523211    437367725    440409993    440662807    440710895    440902575    441264348    430704890    436430532    436554927
436523237    437368780    440412955    440662872    440711125    440902591    441264389    430705111    436430557    436554943
436523310    437369051    440414621    440662898    440711141    440902617    441264413    430705343    436430565    436554950
436560205    437369515    440414795    440662922    440711166    440902625    441264488    430705350    436430573    436554968
436560411    437369564    440416451    440662948    440711281    440902757    441264561    430705863    436430615    436555007
436560437    437369572    440417772    440662963    440711299    440902799    441264637    430706192    436430623    436555023
436560510    437369739    440421923    440662989    440711307    440902831    441271228    430706309    436430664    436555049
436572481    437369788    440422442    440663037    440711331    440902898    441271251    430706598    436430672    436555056
436572523    437369887    440424513    440663136    440711372    440902955    441271293    430706606    436430698    436555072
436572580    437370257    440424760    440663193    440711380    440902963    441271343    430706994    436430714    436555080
436572713    437370273    440425668    440663243    440711406    440903052    441271533    430707018    436430730    436555114
436572747    437370331    440428282    440663292    440711422    440903144    441271715    430707307    436430755    436555122
436572796    437370414    440429777    440663375    440711463    440903169    441272077    430707539    436430763    436555130
436572838    437370471    440430049    440663425    440711489    440903219    441272101    430708065    436430771    436555148
436572853    437370828    440430874    440663433    440711505    440903300    441272200    430708107    436430789    436555155
436573091    437370844    440432953    440663441    440711521    440903425    441272291    430708271    436430805    436555163
436573117    437371214    440433928    440663516    440711539    440903474    441272341    430708479    436430821    436555171
436573125    437371610    440434728    440663524    440711570    440903532    441273398    430708487    436430839    436555189
436573257    437372006    440436178    440663532    440711893    440903565    441273448    430708552    436430854    436555213
436586168    437373111    440437895    440663565    440711935    440903607    441273497    430708792    436431159    436561088
436586291    437373566    440439529    440663722    440711976    440915916    441273521    430708990    436432959    436561096
436586374    437374333    440441707    440663805    440712057    440915924    441273562    430709345    436433007    436561104
436586440    437374762    440442028    440663813    440712065    440915999    441273570    430709410    436433023    436561112
436586523    437374861    440444362    440663839    440712081    440916062    441273620    430709493    436433031    436561120
436586630    437375827    440444370    440663854    440712107    440916179    441273646    430709915    436433056    436561138
436586655    437375876    440444503    440663912    440712115    440916278    441280542    430710608    436433072    436561146
436586788    437375900    440447159    440664084    440712164    440916476    441280559    430710756    436433080    436561179
436586978    437376023    440450971    440664100    440712180    440916484    441280724    430711192    436433098    436561187
436587059    437376148    440453207    440664282    440712271    440916617    441280781    430711325    436433122    436561195
436587174    437376197    440462216    440664324    440712297    440916690    441280823    430711408    436433130    436561203
436587257    437376353    440462539    440664407    440712305    440916773    441280898    430711572    436433155    436561245
436587331    437376395    440465573    440664431    440712313    440916807    441281102    430711838    436433171    436561252
436600274    437376635    440471068    440664498    440712354    440916823    441281193    430711895    436433189    436561260
436600290    437376932    440471886    440664506    440712404    440916864    441281201    430712059    436433239    436561278
436600324    437377294    440472918    440664530    440712446    440919488    441281615    430712141    436433270    436561286
436600431    437377328    440476992    440664738    440712453    440919546    441281631    430712208    436433296    436561294
436600480    437377534    440477271    440664761    440712479    440919595    441281870    430712299    436433312    436562425
436600613    437377559    440477834    440664860    440712511    440919652    441281896    430712349    436433338    436562441
436600746    437377567    440481562    440664886    440712529    440919686    441281961    430712885    436433346    436562458
436600803    437377815    440482776    440664894    440712537    440919694    441283322    430713065    436433361    436562466
436600845    437377831    440483428    440665024    440712644    440919900    441283330    430713123    436433379    436562474

Loan
Number

   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
436675623    436818298    436939649    437067457    437196785    441007259    441159886    441385176    441598299    441783750
436675649    436818314    436939656    437067465    437196835    441007267    441159894    441385184    441601473    441783768
436675656    436818355    436939672    437067473    437196843    441007275    441159902    441385200    441601481    441783784
436675664    436818389    436939680    437067481    437196868    441007283    441159910    441385218    441604162    441783792
436675672    436818397    436939706    437067499    437196876    441007341    441159928    441385226    441604196    441783818
436675680    436818405    436939714    437067507    437196884    441007358    441159944    441385234    441604212    441783834
436675698    436818421    436939722    437067515    437196892    441007382    441159951    441385242    441604220    441783842
436675706    436818447    436939730    437067523    437196900    441007390    441159969    441385267    441604246    441785706
436675714    436818462    436939748    437067531    437196918    441007408    441159977    441385275    441604253    441786183
436675722    436818470    436939755    437067549    437196926    441007416    441159985    441385283    441604261    441786316
436675730    436818488    436939789    437069875    437196934    441007440    441159993    441385291    441604287    441786571
436675748    436819635    436939805    437069974    437196942    441007457    441160009    441385309    441604295    441786589
436675755    436819643    436939813    437070089    437196959    441007465    441160041    441385333    441604907    441786597
436675763    436819676    436939839    437071855    437196967    441007473    441160058    441385341    441604923    441786613
436675797    436819684    436939862    437071889    437196975    441007499    441160066    441389228    441604949    441786621
436675805    436819692    436939870    437071905    437196983    441007507    441160082    441389236    441604972    441786639
436675821    436819700    436939888    437071913    437197007    441007515    441160090    441389244    441604980    441786647
436675854    436819726    436939896    437071921    437197015    441007531    441160108    441389251    441604998    441786654
436675862    436819734    436939904    437071939    437197023    441007549    441160116    441389285    441605003    441788932
436675870    436819742    436939912    437071947    437197056    441007572    441160124    441389301    441605011    441788940
436675896    436819759    436939920    437071970    437197064    441007598    441163987    441389319    441605029    441788957
436675904    436819767    436939938    437071996    437197072    441007614    441164019    441389350    441605037    441788965
436675912    436819775    436939953    437072010    437197080    441010188    441164027    441389368    441605045    441788999
436675920    436819783    436939961    437072028    437197106    441010196    441164043    441393246    441605052    441789005
436675938    436819791    436939987    437072036    437197114    441010204    441164050    441393253    441605060    441789013
436675946    436819809    436939995    437072051    437197130    441010220    441164068    441394293    441605078    441789021
436675953    436819841    436940001    437072069    437197155    441010246    441164076    441394301    441605086    441789039
436675961    436819858    436940019    437072077    437197163    441010261    441164100    441394319    441605094    441789450
436675987    436819866    436940043    437072085    437197171    441010279    441164126    441394343    441605102    441789468
436675995    436819908    436940076    437072093    437197189    441010295    441167210    441394350    441605110    441789476
436676019    436819924    436940084    437072119    437197197    441010303    441167228    441394368    441605128    441789484
436676027    436819932    436940100    437072135    437197205    441010311    441167236    441394376    441605144    441789492
436676035    436819940    436940142    437072143    437197213    441010329    441167269    441394384    441605151    441789500
436676043    436819965    436940159    437072150    437197221    441010337    441167277    441394392    441605169    441789526
436676050    436819999    436945075    437072184    437197239    441010345    441167285    441394400    441605177    441789534
436676068    436820013    436945091    437072192    437197247    441010352    441168424    441394418    441605185    441789542
436676076    436820021    436945117    437072200    437197254    441010360    441168432    441394426    441608676    441789559
436681142    436820047    436945125    437072218    437197262    441010386    441168440    441394434    441608684    441791399
436681183    436820054    436945141    437072242    437197270    441010394    441168457    441394442    441608692    441792140
436681191    436820062    436945158    437072259    437197288    441010402    441168473    441394459    441608700    441792389
436681209    436820070    436945166    437072267    437197296    441010410    441168481    441394467    441608718    441792397
436681233    436820088    436945232    437072275    437197312    441010428    441168499    441394483    441608726    441792413
436681241    436820096    436945240    437072283    437197320    441010444    441168507    441394491    441608734    441792421
436681258    436820104    436945257    437072309    437197338    441010451    441168515    441394509    441608742    441792439
436681266    436820112    436945265    437072317    437197346    441010469    441168523    441394517    441611514    441792447
436681290    436820138    436945281    437072358    437197353    441010477    441168556    441394525    441611522    441792793
436681316    436820146    436945299    437072390    437197361    441010485    441168564    441394541    441611530    441794757
436681340    436820161    436945307    437072408    437197387    441010501    441168572    441394558    441611555    441794765
436681373    436820195    436945315    437072416    437197411    441010519    441168606    441394566    441611563    441794773
436681399    436820203    436945323    437072424    437197429    441010527    441168614    441394574    441611571    441794781
436681415    436820211    436945331    437072432    437197445    441010535    441168622    441398245    441612009    441794799
436681449    436820229    436945349    437072440    437197452    441010550    441168630    441398302    441612017    441794815
436681456    436820237    436950471    437072465    437197460    441010568    441168689    441402005    441612025    441794823
436681464    436820245    436950489    437072499    440874998    441010576    441168713    441402013    441612033    441794831
436681498    436820252    436950497    437072507    440875003    441010592    441168721    441402039    441612041    441794849
436681514    436820278    436950505    437072531    440875045    441010600    441168739    441402047    441612066    441794856
436681522    436820286    436950539    437072549    440875052    441010618    441168747    441402054    441612074    441794864
436681530    436820294    436950547    437074123    440875094    441010642    441168754    441402070    441612082    441794872
436681555    436820310    436950554    437074131    440875128    441010659    441168762    441402096    441612090    441794880
436686109    436820328    436950570    437074149    440875151    441010667    441168770    441402104    441612108    441794898
436686117    436820336    436950596    437074172    440875169    441010675    441169380    441402112    441612116    441794906
436686125    436820344    436950604    437074180    440875177    441010683    441173010    441402120    441612140    441794914
436686133    436820351    436950620    437074198    440875185    441010709    441173028    441402146    441612157    441794922
436686141    436825277    436950638    437074214    440875219    441010717    441173036    441402153    441612165    441794930
436686158    436825285    436950646    437074222    440875227    441010725    441173069    441402161    441612173    441794948
436686166    436825293    436950661    437074230    440875235    441010758    441173085    441402179    441612207    441794963
436686174    436825301    436950679    437074255    440875243    441010774    441173093    441403037    441612223    441795564
436686216    436825327    436950687    437074263    440875250    441010782    441173135    441403045    441612249    441795572
436686224    436825368    436950703    437074271    440875284    441010790    441176781    441403094    441612264    441795580
436686257    436825376    436950711    437074289    440875300    441010816    441176807    441403102    441612272    441795598
436686265    436825392    436950729    437074297    440875342    441010824    441176815    441403110    441612280    441795606
436686281    436825426    436950760    437074305    440875359    441010832    441176823    441403136    441612298    441795622
436686299    436825434    436950786    437074321    440875367    441010840    441176849    441403151    441612306    441795630

 

SCH-A-3


Total Initial Cut

 

Loan
Number

   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
436600878    437378318    440485423    440665107    440712685    440919991    441283413    430713446    436433387    436562482
436600886    437378599    440486041    440665214    440712719    440920072    441283421    430714964    436433403    436562490
436600902    437378813    440487437    440665396    440712750    440920122    441283454    430715656    436433437    436562508
436615330    437378904    440488989    440665438    440712826    440920239    441283538    430715896    436433445    436562524
436615348    437378961    440489169    440665461    440712842    440920262    441283579    430715953    436433460    436562540
436615538    437379522    440489573    440665495    440712859    440920288    441290269    430716167    436433478    436562557
436615546    437379951    440489755    440665503    440712867    440920296    441290343    430716951    436433486    436562565
436615553    437380124    440492007    440665701    440712909    440920304    441290483    430724963    436433494    436562623
436615603    437380272    440492486    440665750    440712933    440920346    441290509    430751883    436433502    436562631
436615637    437381916    440492619    440665784    440712990    440920387    441290533    430752501    436433510    436562649
436615900    437382518    440495620    440665818    440713014    440920403    441290566    430753160    436433528    436562664
436615967    437383086    440495679    440665925    440713063    440920486    441290939    430753566    436433536    436562672
436616049    437383094    440500502    440665974    440713097    440920569    441290954    430753590    436433551    436562680
436616122    437522758    440503712    440666014    440713105    440920676    441291135    430754101    436433569    436562714
436629745    437529605    440505592    440666022    440713121    440920692    441291242    430754234    436433585    436562722
436629901    437530306    440506897    440666089    440713147    440920718    441292331    430754622    436433593    436562748
436629919    437532203    440509610    440666147    440713170    440920767    441292406    430755132    436433601    436562763
436629935    437536568    440509990    440666261    440713188    440920775    441292422    430756429    436433635    436562789
436630123    437538937    440511061    440666329    440713204    440920783    441292430    430756478    436433643    436562805
436630131    437547813    440511343    440666360    440713261    440920809    441292448    430756858    436433668    436562854
436630255    437549371    440512093    440666402    440713303    440920833    441292513    430757153    436433684    436562870
436630297    437562960    440514289    440666444    440713378    440920841    441292521    430757179    436433700    436562888
436630404    437570666    440514883    440666501    440713386    440932580    441292539    430758003    436433718    436562896
436630537    437571078    440520310    440666519    440713428    440932655    441292562    430758110    436433726    436562904
436646830    437590508    440522118    440666543    440713444    440932671    441292570    430758219    436433734    436562912
436646921    437592553    440523033    440666550    440713451    440932754    441292588    430758227    436433742    436562920
436646996    437603913    440526127    440666600    440713527    440932952    441292596    430758565    436433759    436562938
436647168    437604143    440527687    440666618    440713568    440933059    441292612    430758714    436433767    436562946
436647291    437607039    440528651    440666691    440713584    440933091    441292620    430759399    436433775    436562953
436647374    437611767    440529055    440666709    440713592    440933133    441292653    430760058    436433783    436562961
436647416    437612088    440530715    440666774    440713634    440933141    441299989    430763581    436433791    436562979
436647531    437808454    440531671    440666824    440713725    440933166    441300019    430763870    436433817    436562987
436647572    437809270    440538213    440666865    440713741    440933232    441300084    430763961    436433825    436563019
436647812    437809510    440538429    440666873    440713766    440933281    441300225    430764274    436433833    436563035
436660104    437809767    440539518    440666949    440713808    440933315    441300258    430764647    436433858    436563050
436660179    437810377    440539559    440666972    440713832    440933349    441300308    430765107    436438949    436563068
436660336    437811177    440540011    440666998    440713857    440933372    441300365    430765180    436438956    436563076
436660369    437811425    440545275    440667038    440713881    440933455    441300415    430765735    436438964    436563092
436660401    437811763    440550259    440667087    440713923    440936235    441300563    430766212    436438998    436563100
436660575    437813017    440550432    440667178    440713972    440936417    441300621    430766295    436439004    436563118
436660666    437813355    440552735    440667202    440713980    440936433    441302080    430766741    436439012    436563134
436660740    437814254    440553469    440667244    440714038    440936490    441302114    430767178    436439038    436563167
436660922    437814635    440554111    440667277    440714061    440936573    441302122    430767723    436439046    436566145
436661169    437815129    440555027    440667434    440714087    440936672    441302130    430767889    436439061    436567010
436673032    437815384    440556462    440667459    440714095    440936748    441302197    430768150    436439079    436568893
436673115    437816754    440562072    440667574    440714350    440936870    441302221    430768911    436444962    436568901
436673487    437816895    440563047    440667608    440714400    440936896    441309788    430769042    436444970    436568919
436673495    437817679    440563500    440667699    440714442    440936938    441309887    430769877    436444988    436568927
436673529    437817760    440566180    440667764    440714459    440936979    441309937    430769901    436444996    436568935
436673560    437817844    440566636    440667772    440714475    440936987    441309960    430769992    436445019    436568943
436673578    437818214    440568764    440667814    440714491    440937027    441310133    430770602    436445027    436568950
436684518    437818404    440575546    440667822    440714509    440937134    441310323    430770651    436445050    436568968
436684526    437819147    440575660    440667848    440714616    440937191    441310372    430770792    436445068    436568976
436684674    437819253    440579381    440667855    440714632    440937217    441310398    430770826    436445084    436568984
436684708    437819535    440585180    440667970    440714640    440937225    441310414    430770867    436445092    436568992
436684880    437819618    440585222    440668010    440714673    440937241    441310430    430770925    436445118    436569016
436684971    437819659    440587525    440668051    440714699    440937266    441310463    430771097    436445134    436569032
436685010    437819683    440590289    440668176    440714715    440937332    441310596    430771337    436445142    436569040
436685119    437819782    440599132    440668317    440714749    440947380    441310752    430771444    436445159    436569057
436685127    437819949    440600930    440668358    440714855    440947489    441311081    430771725    436446843    436569073
436685135    437819956    440601888    440668366    440714863    440947513    441312444    430771915    436446850    436569099
436685184    437820269    440608859    440668390    440714921    440947539    441312451    430772830    436446868    436569107
436685200    437820491    440612943    440668465    440714939    440947927    441312469    430772905    436446884    436569115
436685226    437820566    440613370    440668499    440714954    440947943    441312584    430772939    436446892    436569123
436685457    437820707    440613883    440668507    440714996    440948016    441312659    430773028    436446918    436569149
436697809    437821051    440614089    440668564    440715076    440948065    441312709    430773143    436446934    436574081
436697874    437821184    440614287    440668598    440715092    440948073    441312733    430773622    436446942    436574099
436697882    437821309    440614337    440668614    440715100    440948115    441312758    430773655    436446967    436574107
436697908    437821358    440614766    440668622    440715142    440948131    441312774    430773663    436446975    436574115
436698138    437821374    440614840    440668648    440715175    440948347    441312808    430773846    436446983    436574123
436698187    437821408    440615342    440668655    440715225    440950806    441319837    430773861    436446991    436574131
436698237    437821457    440615565    440668663    440715233    440950830    441319878    430774166    436447007    436574149
436698286    437821572    440615730    440668689    440715290    440951044    441319993    430774489    436447015    436574156

Loan
Number

   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
436686307    436825459    436950794    437074339    440875375    441010857    441176880    441403169    441612314    441795663
436686315    436825475    436950802    437074347    440875383    441010873    441176906    441403177    441612330    441795671
436686323    436825509    436950810    437074388    440875417    441010881    441176922    441403185    441612348    441795689
436686331    436825517    436950828    437074404    440875425    441010899    441176930    441403193    441612355    441795697
436686349    436825525    436950851    437074420    440875433    441010907    441176955    441403201    441612363    441795705
436686356    436825533    436950869    437074438    440875441    441010949    441176989    441403219    441612397    441795713
436686364    436825558    436950877    437074446    440876886    441010964    441178126    441403227    441615440    441795739
436686372    436830756    436950893    437074453    440877017    441010972    441178134    441403235    441615473    441799780
436686398    436830764    436950919    437074461    440881712    441011004    441178167    441403243    441618006    441799798
436686414    436830772    436950927    437074479    440881720    441011012    441178191    441403268    441618014    441799814
436686422    436830780    436950943    437074487    440881761    441011020    441178209    441403276    441618022    441800091
436686430    436830798    436950976    437074511    440881779    441011038    441178217    441403284    441618030    441800455
436686448    436830806    436951008    437074537    440881787    441011046    441178225    441403292    441618055    441801719
436686471    436830822    436951016    437074545    440881795    441011053    441178241    441403300    441618063    441802436
436686489    436830830    436951024    437074560    440881803    441011061    441178258    441403318    441618105    441802600
436686497    436830848    436951032    437074578    440881837    441011079    441178266    441403326    441618121    441802618
436687362    436830871    436951057    437074594    440881852    441011087    441178282    441403342    441618139    441802626
436687370    436830897    436951065    437074602    440881860    441011095    441178290    441406972    441618147    441802634
436687388    436830905    436951099    437074628    440881878    441011103    441178308    441406980    441618154    441802642
436687396    436831937    436951107    437074636    440881886    441011111    441178316    441406998    441618378    441802659
436687404    436831945    436951115    437074644    440881894    441011137    441178324    441407020    441618394    441802709
436687412    436831952    436951149    437074651    440881910    441011145    441178332    441407038    441618410    441803269
436687420    436831960    436951156    437074669    440881928    441014685    441178340    441407053    441618428    441803277
436687453    436832018    436951164    437074677    440881969    441015740    441178357    441409893    441618444    441803285
436687461    436832026    436951172    437074685    440881985    441015757    441178365    441409901    441618451    441803301
436687479    436832034    436951180    437074693    440881993    441015765    441178373    441409943    441618469    441803319
436687487    436832042    436952501    437074735    440882009    441015773    441178381    441409950    441618477    441803335
436687495    436832059    436952519    437074750    440882017    441015781    441178431    441410701    441618485    441803343
436687511    436832067    436952543    437074776    440882025    441015849    441178449    441410719    441618493    441803368
436687537    436832091    436952550    437077084    440882033    441015856    441178456    441410735    441618519    441803376
436687578    436832109    436952592    437080468    440882058    441015880    441178480    441410750    441618527    441803392
436687602    436832117    436952600    437080484    440882066    441015898    441178498    441410768    441618550    441803400
436687628    436832125    436952618    437080492    440882074    441015906    441182490    441410784    441618568    441803426
436687636    436832158    436952626    437080500    440882090    441015914    441182508    441410792    441618576    441803442
436687651    436832166    436952642    437080518    440882157    441020567    441182516    441410800    441618584    441803467
436687669    436832174    436952675    437080526    440882165    441020583    441182532    441410818    441618592    441803475
436687677    436832182    436952683    437080542    440882173    441020633    441186152    441410826    441618600    441803483
436687685    436832208    436952709    437080559    440882199    441020641    441186160    441410834    441618618    441803491
436687719    436832224    436952741    437080575    440882207    441020658    441186178    441410842    441618626    441803509
436687727    436832232    436952766    437080583    440882215    441020666    441186186    441410867    441618642    441803517
436687750    436832257    436952790    437085210    440882249    441020682    441186194    441410891    441618659    441803525
436687792    436832273    436952808    437085228    440882256    441020690    441186210    441410909    441622511    441803533
436687800    436832281    436952816    437085236    440882272    441020716    441186228    441418050    441622529    441803541
436687818    436832299    436952824    437085244    440882280    441020732    441186236    441418068    441622552    441803574
436687834    436832307    436952832    437085251    440882298    441020740    441186244    441418076    441622578    441803582
436687842    436832331    436952840    437085269    440882322    441020757    441186251    441418100    441622586    441805306
436687867    436832349    436952865    437085277    440882330    441020773    441186269    441418118    441622594    441806304
436687909    436832364    436952873    437085285    440882348    441020781    441186277    441418126    441625183    441806866
436687925    436832372    436952881    437085293    440882363    441020799    441186285    441418134    441625191    441806882
436687933    436832380    436952899    437085319    440882389    441021847    441187382    441418142    441625209    441806890
436687941    436832398    436952915    437085327    440885564    441023769    441187390    441418159    441625225    441806908
436687958    436832406    436952923    437085350    440885572    441023777    441187408    441418175    441625233    441806916
436687966    436832414    436952931    437085384    440885580    441023793    441187432    441418183    441625753    441806924
436687974    436832422    436952949    437085400    440885598    441023801    441187440    441418886    441625761    441806932
436687982    436832463    436952972    437085418    440885606    441023819    441187457    441418894    441625779    441806940
436688006    436832489    436952980    437085459    440885614    441023843    441187481    441418902    441625787    441808607
436688022    436832497    436952998    437085475    440885622    441023850    441187523    441418910    441625795    441810058
436688030    436832505    436953004    437085509    440885648    441023868    441187531    441418928    441625811    441810066
436688048    436832513    436953012    437085525    440885655    441023876    441187549    441418944    441625829    441810074
436688055    436832521    436953046    437085533    440885663    441023884    441187556    441418977    441625837    441810082
436688063    436832570    436953053    437085541    440885671    441023918    441187572    441418993    441625845    441810090
436688089    436832588    436953079    437085566    440885689    441023934    441187580    441419025    441625852    441810116
436688105    436832596    436953087    437085608    440885697    441023942    441187606    441419033    441625860    441810124
436688113    436832620    436953103    437086689    440885705    441024007    441187614    441419041    441625878    441810132
436688121    436832646    436953111    437086705    440885713    441024015    441187622    441419090    441625902    441810140
436693998    436832679    436953129    437086713    440885721    441024023    441187630    441419108    441625910    441810157
436694004    436832687    436953137    437086721    440885739    441024049    441187655    441419116    441625944    441810181
436694012    436832703    436953160    437086739    440885754    441024064    441187671    441419132    441628781    441810207
436694020    436832711    436953178    437086754    440885788    441024072    441187689    441419165    441628799    441810223
436694038    436832729    436953202    437086770    440885796    441024080    441190998    441419207    441628807    441810231
436694053    436832737    436953236    437086804    440885804    441024098    441191004    441419215    441628823    441810249
436694061    436832745    436958656    437086812    440885812    441024114    441191012    441419223    441631827    441810256
436694079    436832752    436958672    437086820    440885838    441024122    441194446    441423019    441631835    441810264

 

SCH-A-4


Total Initial Cut

 

Loan
Number

   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
436698294    437821655    440615805    440668705    440715308    440951051    441320603    430774604    436447023    436574164
436698344    437821697    440615904    440668713    440715365    440951069    441320751    430774695    436447031    436574172
436698385    437822109    440616100    440668739    440715373    440951184    441321098    430774943    436447064    436574198
436698641    437822125    440616225    440668788    440715399    440951192    441322302    430775130    436447072    436574214
436711295    437822174    440616266    440668804    440715407    440951226    441322351    430775262    436447098    436574230
436711303    437822398    440616274    440668820    440715423    440951234    441322369    430775304    436447106    436574255
436711394    437822471    440616340    440668853    440715431    440951267    441322393    430775569    436447114    436574263
436711451    437822588    440616472    440668861    440715498    440951465    441322427    430775791    436447130    436574271
436711568    437822836    440616514    440668903    440715548    440951580    441322450    430775833    436447148    436574289
436711576    437822893    440616639    440668911    440715555    440951655    441322492    430776013    436447163    436574305
436711873    437822943    440616670    440668945    440715571    440951705    441322500    430776047    436447171    436574321
436711931    437822968    440616712    440668994    440716447    440962421    441328341    430776286    436447189    436575708
436712079    437822984    440616787    440669067    440716454    440962439    441328374    430776443    436447197    436575716
436712194    437823099    440616803    440669117    440716462    440962710    441328556    430777029    436447205    436575732
436712228    437823123    440616878    440669158    440716470    440962967    441328606    430777375    436447221    436575757
436712269    437823255    440616886    440669281    440716512    440963031    441328648    430777847    436447239    436575773
436725105    437823495    440617108    440669422    440716546    440963049    441328804    430777854    436447247    436575799
436725139    437823529    440617215    440669505    440716561    440963148    441328929    430778035    436447254    436575807
436725170    437823594    440617454    440669521    440716736    440963254    441328978    430778217    436447262    436575815
436725246    437823685    440617470    440669604    440716744    440963320    441329042    430778266    436447288    436575831
436725386    437823743    440617504    440669638    440716785    440965077    441329224    430778605    436447296    436575856
436725410    437823750    440617595    440669729    440716850    440965085    441329448    430778621    436447304    436575864
436725444    437823800    440617900    440669901    440716876    440965218    441329471    430778761    436447312    436575872
436725451    437823842    440617975    440669927    440716884    440965242    441330693    430779009    436447346    436575880
436725501    437823883    440618346    440670065    440716900    440965366    441330743    430779876    436447353    436575914
436725717    437823917    440618551    440670073    440716926    440965457    441330792    430779900    436447361    436575930
436736862    437823966    440618593    440670180    440716934    440965465    441330818    430779926    436447395    436575955
436736870    437823974    440618676    440670230    440716975    440965531    441330834    430780585    436447403    436575963
436736912    437823982    440618684    440670248    440716983    440965556    441330842    431071521    436447411    436575989
436737035    437824048    440618692    440670339    440716991    440965606    441330867    431072776    436447429    436575997
436737043    437824089    440618833    440670412    440717056    440965630    441330917    431116821    436447437    436576003
436737076    437824139    440619427    440670420    440717114    440965663    441336682    431124866    436447452    436576011
436737159    437824162    440619492    440670446    440717130    440965671    441336708    431131960    436447478    436576029
436758536    437824212    440619609    440670461    440717197    440965762    441336757    431152271    436447494    436576045
436758544    437824220    440619641    440670503    440717270    440965788    441336880    431152636    436447502    436576052
436758593    437824246    440619658    440670552    440717296    440965838    441337193    431157320    436447510    436576078
436758924    437824261    440619716    440670586    440717346    440965846    441337219    431158872    436447528    436576128
436759153    437824501    440619732    440670594    440717361    440965895    441337318    431169051    436447544    436576136
436769897    437824543    440619914    440670644    440717387    440965986    441337433    431934280    436447551    436576144
436769921    437824584    440619930    440670735    440717460    440966000    441337490    431969179    436447577    436576151
436770192    437824600    440619948    440670933    440717478    440975183    441337581    432095248    436447593    436576177
436770242    437824733    440619997    440671006    440717510    440975456    441338811    432473452    436447627    436576185
436770267    437824808    440620011    440671105    440717536    440975464    441338829    432884047    436447643    436576201
436770275    437825094    440620060    440671196    440717544    440975563    441338860    433120177    436447650    436576219
436770325    437825110    440620086    440671253    440717551    440975589    441338894    433342839    436447668    436576235
436770333    437825227    440620136    440671279    440717577    440975647    441338928    434235669    436447684    436576250
436770499    437825284    440620193    440671360    440717692    440975704    441338951    434411245    436447692    436576268
436770598    437825318    440620219    440671485    440717718    440975720    441339041    434793089    436447700    436576276
436770648    437825334    440620268    440671501    440717726    440975779    441339058    434898136    436447718    436576284
436770739    437825425    440620367    440671600    440717734    440978252    441339066    434975975    436447734    436576292
436781785    437825607    440620409    440671618    440717775    440978393    441339124    434992947    436447759    436576300
436782155    437825649    440620573    440671634    440718070    440978476    441346129    435001581    436447767    436576318
436782189    437825656    440620698    440671683    440718187    440978484    441346137    435021399    436447783    436576326
436782296    437825748    440620714    440671733    440718195    440978690    441346228    435026810    436447791    436576342
436782312    437825789    440620805    440671741    440718203    440978799    441346244    435167010    436447817    436576367
436782353    437825904    440620813    440671758    440718229    440978831    441346285    435169982    436447833    436576375
436782445    437825946    440620904    440671774    440718237    440978880    441346293    435253042    436447841    436576383
436782643    437826092    440620995    440671824    440718278    440978922    441346509    435262571    436447866    436576391
436782775    437826167    440621050    440671840    440718302    440979003    441346772    435276712    436447916    436576433
436782809    437826183    440621126    440671857    440718336    440979011    441346798    435348339    436447924    436576441
436782841    437826241    440621134    440671873    440718351    440979060    441346822    435351424    436447932    436576458
436782866    437826308    440621225    440671899    440718369    440979185    441346830    435370523    436447940    436576466
436782908    437826324    440621233    440671907    440718377    440979227    441346863    435388749    436447965    436576516
436793624    437826332    440621266    440671931    440718385    440979268    441347143    435389093    436447973    436576524
436793871    437826449    440621308    440671964    440718401    440979284    441347259    435407390    436447999    436576540
436793905    437826522    440621365    440671972    440718526    440979318    441347275    435432810    436448005    436576615
436794275    437826530    440621431    440671980    440718690    440979391    441347317    435465786    436448013    436576631
436794283    437826555    440621506    440672087    440718716    440979417    441347424    435474135    436448021    436576656
436794325    437826621    440621530    440672103    440718724    440989630    441348869    435491105    436448039    436576672
436794416    437826704    440621555    440672160    440718757    440989721    441348885    435491980    436448047    436576680
436794457    437826738    440621589    440672202    440718799    440989747    441348935    435508346    436448054    436576706
436794606    437826746    440621712    440672210    440718807    440989762    441348943    435508684    436448062    436576714
436805808    437826787    440621787    440672236    440718864    440989770    441348968    435525027    436448070    436576722

Loan
Number

   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
436694087    436832760    436958680    437086838    440885853    441024130    441194453    441423027    441631876    441810272
436694103    436832802    436958698    437086846    440885879    441024148    441194479    441423035    441631884    441810280
436694145    436832810    436958706    437086853    440885887    441024155    441194487    441423043    441631892    441810306
436694152    436832828    436958714    437086861    440885895    441024163    441194495    441423050    441631900    441810348
436694160    436832836    436958722    437086895    440885929    441024171    441194743    441426079    441631918    441810884
436694186    436832851    436958748    437086903    440885945    441024189    441195179    441426087    441631926    441810900
436694202    436832869    436958755    437086911    440885952    441024197    441195203    441426095    441631942    441810918
436694210    436832877    436958771    437086929    440885960    441024205    441195229    441426129    441631959    441810926
436694228    436832885    436958805    437086937    440885978    441024213    441195245    441426145    441631967    441810934
436694236    436834600    436961106    437086945    440885986    441024239    441195252    441426939    441631975    441810942
436694244    436834618    436963219    437086952    440885994    441024247    441195260    441426947    441631983    441810959
436694251    436834634    436963227    437086960    440886059    441024254    441195286    441426954    441631991    441814647
436694269    436834667    436963235    437086986    440886067    441024270    441195294    441426962    441632015    441816360
436694277    436834725    436963243    437086994    440886075    441024288    441195302    441426970    441632049    441816386
436694285    436834733    436963250    437087018    440886083    441024296    441195310    441426988    441632056    441816402
436694327    436834758    436963268    437087026    440886109    441024304    441195328    441426996    441632072    441816410
436694343    436834766    436963276    437087034    440886117    441024320    441195336    441427002    441632080    441816428
436694350    436834782    436963284    437087042    440886125    441024338    441195344    441427010    441632098    441816840
436699409    436834790    436963292    437087059    440886133    441024346    441195377    441427069    441632106    441816857
436699417    436834808    436963300    437087075    440886141    441024361    441199304    441427077    441632114    441816865
436699425    436834816    436963318    437087091    440886158    441024379    441199320    441427093    441632122    441816873
436699433    436834824    436963326    437087109    440886174    441024387    441199338    441427101    441632130    441816899
436699441    436834832    436963334    437087117    440886182    441024395    441199346    441427119    441632155    441816915
436699458    436834840    436963375    437087133    440886190    441024403    441199353    441427135    441635968    441816923
436699482    436834865    436963391    437087208    440886216    441024411    441199361    441427143    441635984    441818580
436699490    436836159    436963409    437087216    440886232    441024429    441199387    441427150    441635992    441819505
436699508    436836175    436963417    437087232    440886240    441024460    441202124    441427176    441636008    441819596
436699524    436836183    436963433    437087240    440886265    441024478    441202173    441427184    441636016    441819794
436699532    436836209    436963441    437087273    440886299    441024486    441202181    441427192    441638889    441819802
436699540    436836241    436963458    437087281    440886307    441024494    441202215    441427200    441638897    441819828
436699565    436836266    436963466    437087307    440886323    441024502    441202231    441427226    441638905    441819844
436699581    436836274    436963482    437087315    440886331    441024528    441202249    441427234    441639473    441819851
436699607    436836290    436963490    437087356    440886349    441024536    441202983    441427259    441639499    441819869
436700355    436836324    436963557    437087364    440886372    441024544    441203007    441427283    441639507    441822277
436701312    436836332    436963565    437087398    440886380    441024551    441203015    441427291    441639523    441822293
436701353    436836340    436963573    437087406    440886398    441024569    441203031    441427309    441639531    441822301
436701379    436836373    436963581    437087414    440886406    441024593    441203049    441427317    441639556    441822319
436701387    436836423    436963599    437087422    440886414    441024601    441203056    441427325    441639572    441822327
436701411    436836431    436963607    437092257    440886422    441024619    441203064    441427333    441639580    441822335
436701429    436836449    436963623    437092265    440886430    441024627    441203072    441427374    441639606    441822350
436701437    436836472    436963631    437092273    440886463    441024635    441203098    441427382    441639614    441822368
436701445    436836498    436963649    437092281    440886471    441024643    441203114    441431541    441639622    441822376
436701452    436836522    436963656    437092299    440886489    441029519    441203130    441431566    441639630    441822954
436701494    436836530    436963680    437092307    440886497    441029527    441206018    441431574    441639648    441822962
436701502    436836548    436963698    437092315    440886505    441029568    441206026    441431582    441639655    441822970
436701510    436836555    436963706    437092323    440886513    441029592    441206034    441431590    441639663    441822988
436701536    436836571    436963722    437092331    440886521    441029600    441206059    441431608    441639671    441822996
436701544    436836589    436963730    437092349    440886539    441029618    441206067    441431616    441639689    441823002
436701551    436836605    436963748    437092364    440886547    441029634    441206091    441435641    441639697    441823010
436701577    436836621    436963755    437092935    440886562    441029642    441206117    441435666    441639705    441823028
436701619    436836639    436963797    437093750    440886570    441029683    441209061    441435682    441639713    441823069
436701627    436836647    436963805    437094360    440886588    441029709    441209079    441435690    441639739    441823077
436701635    436836654    436963813    437096167    440886604    441029717    441209087    441435708    441639747    441823085
436701643    436836662    436963821    437096209    440892628    441029725    441209095    441436490    441639754    441823093
436701650    436836696    436963839    437096225    440894285    441029733    441210051    441436508    441643137    441823101
436701668    436836712    436963854    437096266    440894293    441029766    441210069    441436524    441643145    441823119
436701676    436836746    436965149    437096274    440894301    441029774    441210077    441436540    441643160    441823127
436701692    436836753    436965156    437096290    440894319    441029782    441210085    441436557    441643178    441823143
436701700    436836779    436965172    437096357    440894335    441031580    441210093    441436573    441643186    441823150
436701718    436836787    436965198    437096365    440894343    441032968    441210119    441436581    441643194    441823176
436701734    436836803    436965206    437096381    440894368    441032984    441210127    441436607    441643202    441823184
436701775    436836811    436965214    437096423    440894384    441033008    441210143    441436615    441645710    441824992
436701783    436836829    436965230    437096431    440894392    441033032    441210184    441436623    441645736    441825007
436701817    436836837    436965255    437096449    440894400    441033040    441210192    441436631    441645744    441825205
436701825    436836845    436965263    437096456    440897767    441033057    441210200    441436649    441645769    441825239
436701833    436836878    436965271    437096472    440899797    441033073    441210218    441436656    441646502    441825353
436701841    436836886    436965289    437096480    440899805    441033099    441210226    441436680    441646510    441825411
436701858    436836894    436965305    437096498    440899813    441033123    441210242    441436706    441646528    441828522
436707806    436836902    436965313    437096514    440899847    441033131    441210275    441436714    441646536    441828548
436707822    436836910    436965321    437096530    440899854    441033149    441210309    441436722    441646551    441828563
436707855    436836928    436965339    437097330    440899862    441033156    441210317    441436748    441646569    441828571
436707863    436836969    436965388    437097348    440899870    441033164    441210358    441436755    441646585    441828597
436707897    436836977    436965412    437097355    440899888    441033172    441210366    441436763    441646593    441828670

 

SCH-A-5


Total Initial Cut

 

Loan
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Number
   Loan
Number
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Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
436805832    437826829    440621811    440672251    440718906    440989846    441348992    435561154    436448096    436576730
436805881    437826837    440621894    440672301    440718922    440989853    441349008    435578380    436448104    436576748
436805907    437826894    440621969    440673424    440719037    440989994    441349024    435596994    436454458    436576755
436806020    437826902    440621993    440673432    440719045    440990034    441349032    435657010    436454466    436576763
436816946    437826944    440622058    440673465    440719052    440990075    441349065    435768940    436454474    436576771
436816987    437826951    440622090    440673606    440719078    440990158    441349073    435784442    436454482    436576789
436817183    437827033    440622140    440675098    440719441    440990224    441354263    435797659    436454490    436576797
436817217    437827066    440622264    440675155    440719458    440990240    441354305    435974712    436454532    436576805
436817241    437827074    440622306    440675163    440719466    440990323    441354362    436045421    436454565    436576813
436817316    437827124    440622314    440675171    440719474    440990422    441354438    436046106    436454573    436576821
436817340    437827330    440622330    440675270    440719508    440990430    441354529    436174965    436454581    436576839
436817449    437827405    440622447    440675296    440719581    440990539    441354560    436269831    436454599    436576854
436817480    437827421    440622462    440675353    440719599    440990851    441354677    436278154    436454615    436576862
436817555    437827462    440622504    440675445    440719649    440993442    441354743    436280408    436454623    436576870
436817639    437827496    440622595    440675486    440719680    440993541    441355005    436280770    436454631    436576896
436817654    437827520    440622629    440675528    440719698    440993582    441355211    436280804    436454706    436576938
436817720    437827678    440622645    440675551    440719714    440993624    441355377    436280838    436454714    436576946
436829428    437827777    440622702    440675619    440719763    440993657    441355401    436280952    436454722    436576953
436829543    437827793    440622710    440675627    440719896    440993665    441355658    436280960    436454748    436582845
436829592    437827850    440622744    440675635    440719938    440993855    441355716    436285225    436454763    436582852
436829600    437828080    440622835    440675809    440720126    440993921    441355724    436285308    436454789    436582878
436829618    437828114    440622850    440675866    440720142    440993962    441355732    436285449    436456693    436582886
436829634    437828122    440622884    440675890    440720233    440994051    441355765    436285464    436460091    436582894
436829758    437828171    440622959    440675924    440720381    440994283    441355773    436285472    436460109    436582928
436830210    437828254    440623015    440676005    440720399    440994309    441355781    436285498    436460117    436582944
436835417    437828346    440623064    440676047    440720415    440994366    441363900    436285506    436460125    436582951
436835425    437828452    440623072    440676054    440720498    440994416    441364015    436285514    436460158    436582969
436835524    437828767    440623130    440676260    440720506    440994440    441364098    436285530    436460174    436582977
436835672    437828783    440623155    440676500    440720514    440994473    441364155    436285563    436460216    436582993
436835722    437828965    440623163    440676559    440720530    440994481    441364288    436294466    436460232    436583009
436835771    437829187    440623171    440676658    440720589    440994549    441364296    436294581    436460240    436583017
436835797    437829351    440623205    440676690    440720613    440994556    441364312    436294599    436460299    436583025
436835912    437829609    440623221    440676708    440720639    440994572    441364353    436294607    436460307    436583033
436835995    437829757    440623239    440676773    440720670    440994598    441364361    436294615    436461867    436583041
436847347    437830276    440623296    440676815    440720688    440994614    441364502    436294649    436461883    436587950
436847354    437830466    440623312    440676856    440720779    440994622    441365822    436294664    436461933    436587984
436847388    437831431    440623338    440676880    440720860    440994663    441365855    436294706    436461941    436587992
436847479    437831449    440623361    440676989    440720902    440994671    441365897    436294722    436461958    436588008
436847644    437831563    440623395    440677102    440720936    440994812    441373180    436294730    436461990    436588016
436847693    437831613    440623460    440677110    440721009    440994820    441373206    436294748    436462048    436588032
436847990    437831654    440623494    440677128    440721025    440994879    441373255    436297006    436462055    436588040
436848261    437831787    440623544    440677334    440721090    440994895    441373347    436297097    436462063    436588065
436848386    437831811    440623585    440677359    440721181    440994911    441373420    436297295    436462071    436588073
436848402    437831845    440623643    440677375    440721256    440994960    441373479    436297303    436462089    436588081
436848436    437831852    440623858    440677391    440721272    440994978    441373511    436297337    436462105    436588099
436848444    437831886    440623890    440677474    440721330    441005055    441373537    436297345    436462113    436588115
436863724    437831969    440623965    440677540    440721371    441005261    441373586    436297360    436462121    436588123
436863955    437832009    440624088    440677664    440721405    441005469    441373594    436297402    436462139    436588131
436864144    437832041    440624211    440677698    440721488    441005527    441373602    436297410    436462154    436588149
436864151    437832082    440624252    440677706    440721512    441005691    441373610    436297428    436462162    436588156
436864276    437832306    440624278    440677722    440721520    441005717    441373677    436297436    436462170    436588164
436867873    437832322    440624302    440677854    440721538    441005808    441373685    436297451    436462196    436588180
436879985    437832421    440624740    440677888    440721603    441006004    441373743    436297477    436462204    436588198
436880181    437832645    440624831    440677896    440721645    441006079    441373883    436297485    436462212    436589535
436880215    437832777    440624864    440677979    440721660    441006327    441374022    436297493    436462246    436589782
436880538    437832884    440624906    440678019    440721736    441006343    441374063    436297501    436462253    436589790
436880595    437832967    440624948    440678100    440721751    441006350    441374162    436297519    436462261    436589816
436880918    437832991    440624971    440678191    440721892    441008984    441374261    436297527    436462279    436589824
436896427    437833072    440624989    440678225    440721926    441009016    441374295    436297535    436462287    436589832
436896443    437833098    440624997    440678290    440721942    441009032    441374303    436297543    436462295    436589857
436896542    437833643    440625168    440678308    440721983    441009123    441375524    436297568    436462311    436589865
436896716    437834336    440625218    440678340    440721991    441009602    441375532    436297576    436462329    436589881
436896849    437834948    440625309    440678365    440722007    441009719    441375573    436297584    436462337    436589899
436896898    437835051    440625333    440678381    440722122    441009784    441375607    436297600    436462352    436589907
436896914    437835143    440625374    440678407    440722130    441009792    441382223    436297618    436462360    436589915
436896989    437835309    440625408    440678415    440722163    441009800    441382389    436297634    436462378    436589923
436897102    437835416    440625424    440678423    440722221    441009818    441382504    436297642    436462386    436589949
436897110    437835465    440625531    440678449    440722247    441009834    441382959    436297725    436462410    436589980
436897227    437835507    440625655    440678654    440722270    441009859    441383106    436297733    436462428    436589998
436897284    437835564    440625663    440678696    440722288    441009941    441383114    436297774    436462436    436590004
436897433    437835580    440625689    440678738    440722387    441010022    441383163    436297790    436462444    436590020
436897573    437835846    440625721    440678795    440722429    441010030    441383288    436297808    436462451    436590038
436911820    437836117    440625754    440678811    440722452    441010063    441384674    436297824    436462469    436590053

Loan
Number

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Number
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Number
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Number
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Number
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Number
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Number
436707905    436836985    436965420    437097363    440899896    441033180    441210374    441436805    441646601    441829074
436707921    436836993    436965438    437097371    440899912    441033198    441210382    441436813    441646619    441829082
436707954    436837025    436965453    437097389    440899920    441033214    441210390    441436839    441646627    441829090
436707962    436837033    436965461    437097397    440899946    441033222    441210408    441436847    441646635    441829116
436707970    436837041    436965479    437097405    440899961    441034931    441210424    441436854    441646643    441829124
436707988    436837058    436965487    437097421    440899979    441034964    441210440    441436862    441646650    441829132
436707996    436837066    436965495    437097439    440900009    441034972    441210457    441436870    441646676    441829173
436708002    436837074    436965529    437097454    440900025    441034980    441214046    441436912    441646684    441829181
436708028    436837082    436965545    437097462    440900033    441034998    441214053    441436920    441646692    441829207
436708069    436837108    436965560    437097488    440900041    441035003    441214079    441436938    441646700    441829215
436708077    436837124    436965578    437097496    440900066    441035045    441214111    441440856    441646726    441829223
436708085    436837157    436965586    437097512    440900108    441035052    441214129    441440864    441646734    441829231
436708093    436837173    436965594    437097520    440900124    441035086    441217593    441440898    441646742    441829249
436708101    436837215    436965610    437097538    440900132    441035110    441217601    441440914    441646759    441829272
436708119    436837223    436965628    437097546    440900140    441035128    441217619    441440922    441646767    441829280
436708127    436837231    436965636    437097561    440900199    441035136    441217635    441440930    441650116    441829306
436708143    436837264    436965644    437097579    440900223    441035144    441217650    441440948    441659406    441829322
436708150    436837272    436965669    437097587    440900231    441035151    441217692    441440955    441659414    441829330
436712921    436837280    436965677    437097595    440900249    441035169    441217700    441440963    441659422    441829348
436712947    436843734    436965685    437097603    440900264    441035185    441217718    441440989    441659448    441829355
436712954    436843742    436965693    437097611    440900280    441035193    441217726    441440997    441659463    441829363
436713010    436843767    436965701    437097629    440900306    441035201    441218526    441441045    441659471    441829371
436713028    436843775    436965735    437097645    440900314    441035227    441218534    441441060    441659489    441829389
436713069    436843783    436965743    437097652    440900322    441035235    441218559    441441078    441659497    441829397
436713077    436843809    436965750    437097660    440902013    441035243    441218567    441441094    441659505    441829405
436713085    436843825    436965768    437097686    440903623    441035250    441218591    441441128    441659513    441829413
436713119    436849053    436965784    437097694    440903631    441035268    441218609    441441136    441660248    441831724
436713143    436849087    436965792    437097702    440903672    441035284    441218617    441441144    441660255    441832342
436713150    436849103    436965800    437097710    440903680    441035300    441218641    441441151    441660263    441834207
436713168    436849111    436965818    437097728    440903698    441035318    441218666    441444585    441660271    441834231
436713176    436849129    436965867    437097736    440903722    441035326    441218674    441444601    441660289    441834249
436713218    436849137    436965875    437097769    440903748    441035367    441218682    441444619    441660297    441834256
436714471    436849152    436965883    437097777    440903755    441035375    441218690    441444643    441660305    441835402
436714489    436849178    436965891    437097785    440903789    441035383    441218708    441444650    441660339    441835436
436714497    436849186    436965909    437097793    440903797    441035417    441218716    441445509    441660354    441835444
436714505    436849194    436965917    437099815    440903813    441035441    441218724    441445517    441660362    441835477
436714521    436849210    436965933    437102742    440903821    441035458    441218732    441445525    441660388    441835485
436714547    436849228    436965958    437102759    440903847    441035466    441218740    441445533    441660396    441835493
436714554    436849244    436965966    437102775    440903870    441035474    441218765    441445541    441660404    441835501
436714588    436849251    436965974    437102783    440903888    441035482    441225539    441445566    441660412    441835519
436714604    436849269    436965982    437102791    440903896    441040771    441225547    441445574    441660438    441835527
436714612    436849285    436965990    437102809    440903920    441040789    441225570    441445582    441660446    441835543
436714620    436849293    436966006    437102817    440903938    441040797    441225588    441445590    441660461    441835691
436714646    436849301    436966899    437102825    440903946    441040821    441225596    441445616    441660479    441835717
436714679    436849319    436971410    437102833    440903961    441040862    441225620    441445624    441660487    441835741
436714703    436849335    436971444    437102858    440903979    441040870    441225638    441445640    441660495    441835758
436714711    436849343    436971485    437102866    440903987    441040896    441225646    441445665    441660503    441835766
436714729    436849350    436971493    437102874    440903995    441040938    441225653    441445673    441660511    441835774
436714737    436849376    436971501    437102882    440904019    441040946    441226305    441445699    441660529    441835782
436714745    436849384    436971519    437102890    440904035    441040953    441226313    441445715    441660537    441835790
436714752    436850788    436971535    437102916    440904043    441040961    441226321    441449113    441660545    441835808
436714760    436850820    436971550    437102924    440904050    441040995    441226339    441449121    441660552    441835816
436714778    436850853    436975817    437102940    440904076    441041001    441226347    441449139    441660560    441835824
436714786    436850861    436975825    437102957    440904084    441041027    441226354    441449154    441663713    441835832
436714802    436850879    436975833    437102973    440904092    441046133    441226370    441449162    441663721    441835840
436714810    436850903    436975858    437102981    440904100    441046141    441226396    441449170    441663739    441835857
436714828    436850986    436975874    437102999    440904126    441046158    441226404    441449196    441663747    441835865
436714836    436850994    436975890    437103005    440904134    441046166    441226412    441452802    441663754    441835873
436714844    436851000    436975908    437103013    440904142    441046174    441226453    441452810    441663762    441835881
436714851    436851018    436975924    437103021    440904159    441046182    441226461    441452836    441663770    441835899
436714869    436851026    436975932    437103039    440904175    441046190    441226479    441452844    441663788    441839339
436714885    436851059    436975973    437103047    440904183    441046208    441226495    441452851    441663796    441840642
436714893    436851067    436975981    437103062    440904209    441046257    441226511    441452877    441663804    441840659
436714919    436851075    436975999    437103088    440904217    441046265    441226529    441452893    441663820    441840667
436714927    436851083    436976013    437103112    440904225    441046323    441226552    441452919    441663861    441840675
436714943    436851109    436976039    437103120    440904241    441046349    441226578    441452927    441663887    441840683
436714950    436851117    436976070    437107311    440904258    441046356    441226586    441452935    441663903    441840691
436714976    436851125    436976088    437107352    440904274    441046364    441226602    441452943    441663911    441840709
436714984    436851133    436976096    437107402    440904290    441048477    441226610    441452950    441663929    441840725
436714992    436851141    436976104    437107410    440904308    441048493    441226628    441452984    441663937    441843901
436715015    436851158    436976138    437107428    440904316    441048501    441226636    441453016    441663945    441843927
436715031    436851166    436976187    437107436    440904324    441048550    441226651    441453024    441663952    441843935
436715049    436851174    436976195    437107451    440904332    441048584    441226669    441453032    441663960    441843976

 

SCH-A-6


Total Initial Cut

 

Loan
Number

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Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
436911952    437836281    440625804    440678829    440722494    441010089    441384690    436297865    436462477    436590079
436912067    437836364    440625812    440678837    440722536    441010097    441384732    436297899    436462485    436590087
436912083    437836380    440625846    440678886    440722569    441010121    441384823    436297915    436462493    436590095
436912133    437915911    440625911    440678894    440722627    441010139    441384856    436304091    436462501    436590103
436912166    437919046    440625929    440678902    440722700    441010154    441391851    436304117    436462535    436590137
436912208    437924558    440625937    440678910    440722734    441018876    441391885    436304125    436462550    436590152
436912323    437932254    440625945    440678951    440722833    441019049    441391968    436304208    436462576    436590160
436912554    437933518    440625952    440678969    440722890    441019205    441391984    436304216    436462592    436590178
436925788    437939127    440626059    440679041    440722908    441019296    441392370    436304232    436462600    436590186
436926240    437939507    440626190    440679066    440722932    441019395    441392396    436304273    436462618    436590210
436926265    437940786    440626216    440679124    440722940    441019544    441392677    436304281    436462626    436590228
436926315    437971328    440626380    440679314    440722999    441019668    441392685    436304299    436462634    436590236
436937130    437974843    440626414    440679561    440723088    441019783    441392693    436304331    436462642    436590244
436937148    437995400    440626422    440679579    440723104    441019908    441394046    436304349    436462659    436590251
436937155    437997786    440626430    440679611    440723138    441020013    441394053    436304356    436462667    436590277
436937338    438005381    440626448    440679645    440724185    441020039    441394129    436304380    436462675    436590293
436937353    438010365    440626463    440679777    440724201    441020062    441394228    436304398    436462683    436590327
436937544    438013195    440626505    440679801    440724219    441022522    441394244    436304406    436462691    436590335
436948988    438013245    440626521    440679827    440724300    441022530    441394285    436311922    436462717    436590343
436949101    438015018    440626539    440680064    440724334    441022647    441400462    436311948    436462733    436590350
436949200    438017550    440626588    440680171    440724342    441022670    441400603    436311955    436462741    436590376
436949309    438137564    440626596    440680254    440724391    441022720    441400611    436311963    436462808    436590384
436949374    438140501    440626711    440680296    440724409    441022753    441400868    436311971    436462816    436590400
436949473    438140733    440626786    440680395    440724417    441023124    441400926    436311989    436462832    436590418
436949580    438144164    440626844    440680403    440724441    441023173    441400934    436311997    436462840    436590426
436949598    438144693    440626869    440680429    440724474    441023207    441400983    436312011    436462865    436590434
436949671    438144842    440626927    440680478    440724565    441023256    441401155    436312037    436462899    436590442
436949754    438145286    440626943    440680494    440724714    441023264    441401460    436312052    436462907    436590459
436949788    438146557    440626950    440680502    440724730    441023280    441402799    436312078    436462923    436590467
436949812    438147381    440626968    440680510    440724813    441023314    441402922    436312094    436462949    436590491
436949929    438147837    440626976    440680569    440724862    441023348    441402955    436312102    436462956    436590533
436961817    438149577    440626992    440680585    440724888    441023389    441402963    436312151    436462964    436590541
436961890    438150120    440627032    440680635    440724896    441023421    441402971    436312185    436462980    436590558
436961916    438151227    440627099    440680700    440725349    441023504    441402989    436312201    436462998    436590574
436961940    438152472    440627115    440680759    440725364    441023538    441408853    436312219    436463004    436590582
436962005    438152589    440627156    440680809    440725398    441023561    441409208    436312227    436463012    436590590
436962013    438153348    440627354    440680833    440725406    441023579    441409315    436312235    436468821    436590608
436962039    438154247    440627370    440680965    440725455    441023603    441409372    436313902    436468839    436590616
436962054    438155988    440627388    440680981    440725513    441023678    441409471    436313944    436468847    436590624
436962062    438156598    440627396    440680999    440725604    441023702    441409562    436314108    436468854    436590657
436962245    438156796    440627487    440681054    440725612    441023736    441409612    436314116    436468862    436590665
436962310    438158248    440627503    440681484    440725620    441034170    441409653    436314256    436468870    436590673
436962468    438158669    440627552    440681518    440725745    441034329    441409661    436314298    436468896    436590699
436962484    438158958    440627594    440681716    440725752    441034634    441410560    436314314    436468904    436590707
436962500    438159311    440627610    440681732    440725786    441034709    441410578    436314322    436473490    436596530
436962559    438159477    440627669    440681815    440725794    441034758    441410602    436314355    436473516    436596548
436974356    438159774    440627685    440681831    440725828    441034766    441410628    436314389    436473532    436596555
436974398    438159964    440627834    440681989    440725851    441034824    441410651    436314413    436473540    436596563
436974547    438160087    440627909    440681997    440725885    441044435    441410693    436314421    436473557    436596571
436975023    438160392    440627958    440682037    440725935    441044617    441416518    436314462    436473565    436596597
436975205    438160814    440627974    440682128    440725968    441044641    441416591    436314470    436473573    436596613
436986194    438160889    440627982    440682144    440726032    441044658    441416690    436314488    436473581    436596621
436986236    438161044    440628006    440682227    440726123    441044666    441417078    436314496    436473599    436601652
436986319    438161564    440628048    440682391    440726222    441044922    441417169    436314504    436473615    436601702
436986434    438161697    440628097    440682631    440727014    441044955    441417201    436314512    436473631    436601728
436986442    438161945    440628121    440682649    440727089    441045267    441417334    436314579    436473649    436601777
436986459    438162299    440628147    440682656    440727154    441045333    441417342    436314587    436473664    436601785
436986509    438162505    440628170    440682698    440727170    441045408    441417466    436314611    436474738    436601793
436986699    438162836    440628188    440682706    440727295    441045473    441417524    436314629    436474746    436601801
436986798    438162869    440628238    440682748    440727352    441047297    441418753    436314637    436474753    436602817
436986970    438163008    440628246    440682755    440727436    441047412    441418787    436314686    436474761    436602874
436986988    438163065    440628279    440682797    440727451    441047503    441418803    436314694    436474779    436602924
436987051    438163198    440628295    440682839    440727485    441047537    441418837    436314702    436474787    436602932
436987119    438163214    440628311    440682847    440727501    441047685    441418878    436314710    436474795    436602940
436998207    438163222    440628345    440682862    440727758    441047719    441425139    436314728    436474803    436602957
436998314    438163404    440628360    440682995    440727816    441047792    441425253    436314736    436474829    436602965
436998363    438163701    440628394    440683068    440728889    441047834    441425261    436314785    436474845    436602973
436998389    438163735    440628428    440683084    440728897    441047842    441425469    436314801    436474852    436602981
436998447    438163743    440628451    440683118    440729028    441047867    441425485    436314819    436474878    436602999
436998488    438163834    440628519    440683167    440729051    441047933    441425584    436314827    436474902    436603013
437009863    438163859    440628535    440683183    440729150    441047974    441426731    436314850    436474910    436603039
437009889    438165011    440628550    440683233    440729218    441048006    441426764    436314868    436474936    436603047
437009921    438165243    440628600    440683258    440729226    441048014    441426814    436314876    436474951    436603054

Loan
Number

   Loan
Number
   Loan
Number
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Number
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Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
436715072    436851190    436976229    437107469    440904340    441048592    441230364    441453040    441663978    441844016
436715080    436851208    436976245    437107477    440904357    441048600    441230380    441453057    441663986    441844024
436715098    436851216    436976252    437107493    440904373    441048618    441230398    441453065    441663994    441844214
436715106    436851224    436977441    437107501    440904381    441048634    441230422    441453073    441664000    441844222
436715130    436851232    436977458    437107519    440904399    441048642    441230430    441453081    441664026    441844230
436715148    436851265    436977474    437107550    440904415    441048667    441230448    441453099    441664034    441844255
436717219    436851273    436977482    437107568    440904423    441048709    441230455    441453107    441664042    441844263
436721567    436851299    436977490    437107584    440904431    441048717    441230471    441453115    441664083    441844271
436721591    436851315    436977516    437107592    440904449    441048758    441233483    441453123    441664109    441844289
436721625    436851331    436977524    437107600    440904456    441048774    441233517    441453131    441664125    441844305
436721633    436851349    436977532    437107626    440904464    441048782    441233525    441453149    441664166    441844313
436721641    436851356    436977540    437111172    440904472    441048808    441234150    441453156    441664182    441844651
436721658    436851364    436977565    437111198    440904498    441048816    441234176    441453172    441664190    441845518
436721666    436851372    436977599    437111214    440904506    441048824    441234184    441453180    441664208    441845526
436721690    436851398    436977615    437111222    440904522    441048832    441234192    441453206    441664216    441845534
436721708    436851414    436977623    437111230    440904530    441048840    441234200    441453214    441664224    441845542
436721732    436851448    436977631    437111255    440904555    441048857    441234218    441453248    441664232    441845559
436721765    436851463    436977649    437111263    440904563    441048881    441234226    441461530    441664240    441845567
436721773    436851471    436977656    437111271    440904571    441048915    441234242    441461548    441664257    441847696
436721781    436851497    436977664    437111297    440904589    441048923    441234259    441461563    441664851    441847704
436721807    436851505    436977672    437111305    440904613    441048931    441234267    441461571    441664869    441847720
436723993    436851521    436977698    437111321    440904621    441048949    441234275    441461597    441664877    441847746
436726285    436851539    436977706    437111339    440904639    441048956    441234283    441461613    441664893    441847753
436726301    436851547    436977730    437111354    440904647    441048964    441234291    441461621    441668019    441848819
436726319    436851554    436977748    437111362    440904662    441048972    441234309    441461639    441668027    441848827
436726327    436851562    436977755    437111388    440904670    441048980    441234317    441461654    441668035    441848835
436726343    436851588    436977789    437111396    440904696    441049004    441234333    441461662    441668050    441848843
436726376    436851596    436977805    437111420    440911824    441049012    441234341    441461670    441668068    441848850
436726384    436851604    436977813    437111487    440911832    441049020    441234366    441462397    441668076    441848868
436726434    436851612    436977854    437111495    440911840    441049046    441234374    441462405    441668886    441849783
436726459    436851638    436977862    437111503    440911873    441049053    441234382    441462413    441668902    441850468
436726467    436855613    436977870    437111511    440913382    441049079    441236353    441462439    441668928    441850500
436726475    436859607    436977888    437111529    440913887    441049095    441239282    441462447    441668944    441852993
436726483    436859631    436977896    437111545    440917508    441049111    441239290    441462454    441668951    441853025
436726491    436859649    436977904    437111909    440917516    441049129    441243250    441462470    441668969    441853033
436726509    436859656    436977938    437112139    440917532    441049145    441243268    441462488    441669025    441853041
436726517    436859664    436977946    437112154    440917557    441053600    441243318    441462496    441669033    441853066
436726525    436859680    436977961    437112162    440917565    441053725    441243334    441462504    441669041    441853074
436726533    436859706    436977987    437112170    440917581    441053733    441243342    441462512    441669058    441853090
436726541    436859714    436978001    437112188    440917607    441053766    441243359    441462520    441669066    441853124
436726558    436864938    436978019    437112196    440917615    441053774    441243367    441462546    441669074    441853132
436726590    436864946    436983084    437112204    440917631    441053790    441243391    441462553    441669082    441853140
436726608    436864953    436983118    437112212    440917649    441053816    441243409    441462561    441669108    441853157
436726616    436864979    436983126    437112220    440917664    441053824    441243425    441462587    441669116    441853165
436726632    436864987    436983159    437112238    440917672    441053857    441244696    441462595    441669132    441853173
436726640    436865000    436983167    437112246    440917730    441053865    441244704    441462603    441669140    441853199
436726657    436865026    436983191    437112253    440917748    441055928    441244712    441462629    441669157    441853207
436726673    436865034    436983217    437112261    440917755    441055951    441244720    441462637    441669165    441853215
436726681    436865042    436983225    437112279    440917789    441058401    441244738    441469913    441669173    441853256
436727739    436865059    436983233    437112303    440917797    441058419    441244746    441469939    441669181    441853264
436727747    436865091    436983258    437112311    440917805    441058427    441244753    441469947    441669199    441853330
436727770    436865109    436987549    437112329    440917813    441058450    441244779    441469962    441669215    441853629
436727804    436865117    436987556    437112337    440917821    441058468    441244787    441470945    441669223    441853637
436727820    436865125    436987564    437112345    440917847    441058476    441244795    441470960    441669231    441853652
436727879    436865133    436987572    437112352    440917862    441058518    441244811    441470978    441673381    441853660
436727903    436865141    436987598    437112360    440917870    441058534    441244829    441470994    441673399    441853686
436728034    436865174    436987606    437112378    440917888    441058542    441244837    441471000    441673415    441853694
436728083    436865190    436987614    437112386    440917896    441058559    441244860    441471018    441673423    441853702
436728109    436865208    436987622    437112402    440917904    441058567    441244878    441471026    441676996    441853710
436728125    436865216    436987630    437112428    440917920    441058583    441244902    441471034    441677002    441853728
436728133    436865232    436987648    437112436    440917938    441058609    441244910    441471042    441677010    441855491
436728141    436866768    436987671    437112444    440917979    441058625    441244928    441471059    441677036    441856218
436728158    436866776    436987689    437112451    440917987    441058633    441244936    441471067    441677044    441856614
436728174    436866784    436987697    437112477    440918001    441058641    441244951    441471075    441677051    441856622
436728182    436866826    436987705    437112493    440920882    441058666    441244969    441471083    441677069    441856630
436728190    436866834    436987739    437112501    440920890    441058682    441244985    441471091    441677085    441858644
436728208    436866867    436987747    437112519    440920908    441058690    441244993    441471109    441677093    441858669
436728216    436866875    436987754    437112535    440920916    441058708    441245008    441471117    441677101    441858685
436728232    436866891    436987762    437112543    440920932    441058716    441245024    441471125    441677150    441858693
436728265    436866909    436987770    437112550    440920957    441058724    441245032    441471133    441677176    441858701
436728281    436866925    436987846    437112568    440920973    441058732    441245057    441471141    441677184    441858727
436728315    436866941    436987853    437112576    440920981    441058773    441245073    441471166    441677192    441858735
436728323    436866958    436987887    437112584    440921005    441058781    441245081    441471190    441677200    441859105

 

SCH-A-7


Total Initial Cut

 

Loan
Number

   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
437009947    438165326    440628634    440683274    440729234    441048030    441426830    436314892    436474969    436603062
437009988    438165821    440628642    440683332    440729358    441048071    441426848    436314918    436474977    436603096
437010135    438165847    440628691    440683357    440729440    441048089    441426855    436314942    436474985    436603120
437010382    438166225    440628709    440683514    440729499    441048204    441426871    436314959    436474993    436603146
437022007    438166308    440628717    440683555    440729556    441048253    441434289    436314975    436475008    436603161
437022023    438166712    440628733    440683605    440729622    441048261    441434396    436314983    436475016    436603179
437022122    438166753    440628758    440683639    440729648    441048311    441434461    436320584    436475024    436603187
437022130    438167033    440628782    440683670    440729713    441048337    441434487    436320592    436475032    436603195
437022148    438167280    440628790    440683720    440729812    441048345    441434511    436320600    436475040    436603203
437022155    438167298    440628865    440683761    440729853    441048360    441434685    436320618    436475057    436603211
437022239    438167405    440628881    440683811    440729960    441048402    441434792    436320626    436475065    436603229
437022288    438167447    440628899    440683837    440730000    441048410    441434834    436320642    436475099    436603245
437022304    438167702    440628923    440683886    440730109    441048428    441436318    436320659    436475123    436603252
437022353    438167868    440628998    440683936    440730125    441057023    441436334    436320667    436475149    436603286
437022429    438167892    440629012    440684025    440730182    441057056    441436359    436320683    436475156    436603294
437022544    438168106    440629020    440684033    440730208    441057171    441436433    436320709    436475164    436603302
437022577    438169039    440629038    440684041    440730232    441057205    441443579    436320717    436475172    436603336
437022585    438169104    440629053    440684074    440730240    441057346    441443637    436320733    436475180    436603344
437022775    438169146    440629087    440684082    440730398    441057361    441443736    436320758    436475198    436603369
437022783    438169211    440629103    440684108    440730430    441057395    441443801    436320782    436475206    436603377
437033202    438169286    440629111    440684231    440730489    441057460    441443827    436320790    436475214    436603401
437033335    438169302    440629137    440684314    440730570    441057650    441444007    436320824    436475222    436603427
437033350    438169328    440629152    440684355    440730604    441057700    441444080    436328728    436475248    436603435
437033384    438169625    440629178    440684397    440730836    441057726    441444155    436328744    436475255    436603443
437033426    438169666    440629202    440684868    440730919    441059920    441444197    436328801    436475263    436603468
437033533    438169872    440629244    440685428    440730943    441060092    441444247    436328827    436475271    436603476
437033566    438169914    440629251    440685568    440731024    441060159    441445251    436328835    436475289    436603492
437033681    438170094    440629285    440685634    440731032    441060225    441445319    436328876    436475297    436603500
437033699    438170573    440629293    440685667    440731057    441060258    441445368    436328884    436475305    436603518
437033723    438170623    440629319    440686681    440731073    441060274    441445392    436328892    436475313    436603526
437033863    438170672    440629350    440686707    440731214    441060480    441445491    436328900    436475339    436603534
437033905    438170714    440629400    440686749    440731230    441060522    441450590    436328918    436475362    436603575
437033962    438170821    440629475    440686756    440731271    441060530    441450616    436328926    436475370    436603583
437034002    438170847    440629525    440686798    440731313    441060597    441450673    436328959    436475412    436603591
437034028    438171126    440629533    440686855    440731628    441060613    441450848    436328975    436475420    436603609
437034085    438171225    440629541    440686863    440731644    441060670    441450863    436328983    436475438    436603617
437045743    438171258    440629582    440686897    440731669    441060688    441451309    436330435    436475446    436603625
437045750    438171340    440629624    440686921    440731792    441060704    441451333    436330674    436475453    436603658
437045800    438171472    440629640    440686947    440731859    441060753    441451416    436330682    436475487    436603666
437045883    438171555    440629665    440687028    440731917    441060779    441451465    436330690    436475503    436603674
437045925    438171761    440629673    440687036    440731933    441060787    441451846    436330708    436475511    436603682
437045958    438171894    440629681    440687051    440731966    441060795    441451978    436330724    436475529    436603690
437046055    438171993    440629731    440687077    440732048    441060803    441452091    436330732    436475545    436603708
437046097    438172595    440629764    440687085    440732105    441060811    441452638    436330740    436475578    436603716
437046220    438172686    440629806    440687226    440732139    441060829    441452679    436330757    436475586    436603724
437057466    438172751    440629897    440687242    440732154    441060878    441452687    436330781    436475602    436603732
437057532    438172785    440629921    440687325    440732162    441060928    441452745    436330807    436475628    436603740
437057599    438172926    440630192    440687333    440732170    441070430    441452752    436330823    436479273    436603757
437057607    438172942    440630200    440687341    440732196    441070455    441452778    436330849    436481378    436603773
437057656    438173015    440630242    440687358    440732261    441070588    441452786    436330856    436481386    436603815
437057748    438173106    440630283    440687408    440732287    441070620    441459948    436330880    436481428    436603823
437057755    438173288    440630309    440687465    440732360    441070646    441459971    436330906    436481436    436603849
437057797    438173312    440630325    440687473    440732386    441070653    441460045    436330914    436481444    436603864
437057821    438173346    440630366    440687515    440732410    441070729    441460193    436330922    436481451    436603872
437057888    438173353    440630374    440687531    440732444    441070869    441460201    436330963    436481469    436603898
437057987    438173445    440630473    440687564    440732584    441071230    441460433    436330971    436481477    436603914
437058027    438173502    440630499    440687606    440732741    441071255    441460649    436330989    436481485    436611099
437058035    438173528    440630515    440687671    440732766    441071370    441460664    436330997    436481493    436611107
437058274    438173783    440630523    440687705    440732782    441071511    441460698    436331029    436481535    436611115
437058282    438173825    440630549    440687739    440732865    441073822    441460763    436331037    436481550    436611123
437070303    438173890    440630556    440687747    440732899    441073921    441460789    436331052    436481568    436611131
437070386    438174146    440630598    440687911    440732907    441073996    441460953    436331078    436481584    436611156
437070550    438174153    440630648    440687929    440732931    441074366    441461092    436331086    436481592    436611164
437070634    438174195    440630697    440687952    440732964    441074374    441461209    436331094    436481600    436611180
437070758    438174260    440630705    440688083    440733020    441074481    441462272    436331128    436481618    436611198
437070790    438174286    440630754    440688364    440733079    441074523    441462306    436331144    436481626    436611214
437070816    438174369    440630762    440688380    440733335    441074572    441462355    436331151    436481634    436611842
437071004    438174393    440630804    440688471    440733467    441074622    441462371    436331169    436486369    436616882
437071103    438174567    440630820    440688505    440733491    441074655    441468808    436331177    436486385    436616908
437071137    438174641    440630978    440688513    440733517    441074689    441468881    436331185    436486427    436616916
437071145    438174674    440630986    440688547    440733616    441074705    441468956    436331193    436486468    436616924
437071202    438174690    440631018    440688679    440733756    441074838    441468980    436331201    436486484    436616932
437083702    438174708    440631026    440688745    440733954    441074853    441469046    436331268    436486500    436616957

Loan
Number

   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
436728331    436866974    436987903    437112600    440921047    441058815    441245099    441471208    441677218    441859188
436728364    436866982    436987911    437112626    440921054    441058864    441245115    441471216    441677226    441859196
436728380    436867006    436988794    437112659    440921088    441058880    441245123    441471224    441677234    441859212
436728398    436867014    436988802    437112675    440921096    441058898    441249091    441471232    441677259    441859220
436728406    436867022    436988810    437112683    440921120    441060969    441249117    441471240    441677267    441859238
436728448    436867063    436988828    437112691    440921146    441060977    441249125    441471265    441677275    441859246
436728455    436867089    436988836    437112709    440921153    441060985    441249133    441471273    441677291    441859253
436728463    436867097    436988844    437112717    440921179    441061017    441249141    441471299    441677317    441859261
436728497    436867105    436988851    437112741    440921195    441061033    441249158    441471307    441678679    441859279
436728513    436867113    436988869    437112758    440921211    441061058    441249166    441471315    441678687    441859295
436728539    436867139    436988877    437112774    440921229    441061074    441252913    441471323    441678695    441859303
436728547    436867154    436988893    437112782    440921245    441061082    441252962    441471331    441678711    441859311
436728554    436867170    436988901    437112808    440921252    441061090    441252970    441471356    441678729    441859329
436728562    436867196    436988919    437112824    440921278    441061108    441252988    441471364    441678737    441859345
436728570    436867204    436988927    437112857    440921286    441061116    441253010    441471372    441678786    441859352
436728588    436867212    436988950    437112865    440921294    441061124    441253028    441471380    441678794    441859360
436728596    436867246    436988968    437112873    440921302    441061132    441253044    441471406    441678810    441862133
436728604    436867253    436988984    437112881    440921310    441061140    441253069    441475969    441678836    441862141
436728620    436867261    436989008    437112899    440921328    441061165    441253077    441475985    441678844    441862158
436728653    436867279    436989024    437112915    440921336    441061181    441253085    441476025    441678851    441862166
436728679    436867287    436989032    437112923    440921344    441061199    441254224    441479730    441678869    441862174
436728687    436867303    436989073    437118052    440921369    441061207    441254232    441479755    441678877    441862182
436733802    436867311    436989099    437118375    440921385    441061215    441254257    441479763    441678885    441862190
436733810    436867329    436989115    437118383    440921401    441061223    441254265    441479771    441678935    441862208
436733828    436867360    436989123    437118409    440921419    441061231    441254273    441480837    441678943    441864469
436733836    436867378    436989131    437118417    440921427    441061249    441254281    441480845    441678950    441864477
436733844    436867402    436989149    437118466    440921435    441061264    441254307    441480852    441678984    441864485
436733869    436867428    436989156    437118474    440921443    441061272    441254349    441480860    441678992    441864501
436733885    436867436    436989164    437118508    440921450    441061280    441254356    441480878    441679008    441864519
436733901    436867444    436989172    437120827    440921468    441061298    441254364    441480886    441681947    441864550
436733950    436867469    436989180    437123391    440921492    441061306    441254372    441480894    441684719    441864568
436733968    436867485    436989198    437123409    440921500    441061314    441254406    441480902    441684727    441864881
436733976    436867501    436989206    437123433    440921518    441061322    441254414    441480910    441684735    441864899
436733984    436867519    436989214    437123441    440921526    441061363    441254422    441480928    441684743    441864907
436734024    436867527    436989222    437123458    440921534    441061371    441254430    441480936    441684750    441864923
436738090    436867543    436989263    437123466    440921559    441061389    441254448    441480944    441684768    441864931
436738108    436867576    436989271    437123490    440921567    441061405    441254455    441480951    441684776    441864949
436738116    436867584    436989289    437123508    440921575    441061413    441254471    441480969    441684784    441864956
436738124    436867600    436989305    437123516    440921583    441061421    441254497    441480977    441684792    441864964
436738140    436867618    436989313    437123532    440921625    441061439    441254513    441480993    441684800    441864972
436738157    436867634    436989321    437123540    440921633    441061447    441254521    441481025    441684818    441864980
436738173    436867642    436989339    437123573    440921641    441061454    441254547    441481033    441684834    441864998
436738199    436867667    436989354    437124605    440921658    441061462    441254554    441481066    441684842    441865011
436738207    436867683    436989388    437124613    440921666    441061488    441254570    441481090    441684859    441866191
436739320    436867691    436989396    437124639    440924793    441061496    441254604    441481116    441684867    441866795
436739346    436867717    436989404    437124647    440928059    441061512    441259371    441481124    441684875    441867033
436739353    436867725    436989420    437124654    440928067    441067253    441259389    441481157    441684883    441867637
436739379    436867741    436989438    437124662    440928075    441067287    441259397    441481173    441684891    441867645
436739387    436874135    436989453    437124696    440928091    441067295    441259405    441481181    441684909    441867652
436739403    436875389    436989479    437124704    440928109    441067303    441259413    441481199    441684917    441867660
436739429    436875397    436989503    437124720    440928125    441067345    441259421    441481207    441684925    441867678
436739437    436877153    436989529    437124738    440928133    441067352    441259439    441481215    441684941    441867686
436739445    436881734    436989537    437124746    440928141    441067360    441259447    441481223    441684958    441867694
436739452    436881742    436989545    437124753    440928158    441067394    441259454    441481231    441684966    441867702
436739478    436881791    436989578    437124779    440928174    441067402    441259462    441486115    441685385    441867710
436739486    436881809    436989586    437124787    440928182    441067410    441259488    441486131    441685401    441869732
436739510    436881817    436989594    437124795    440928190    441067436    441259504    441486156    441685419    441869740
436739528    436881825    436994990    437124803    440928208    441067451    441259512    441486164    441685427    441869757
436739544    436881833    436995039    437124811    440928224    441067469    441259520    441486172    441685435    441869765
436739569    436881841    436995047    437124837    440928232    441067485    441259538    441486180    441685450    441869773
436739577    436881858    436995054    437124845    440928257    441072055    441259546    441486198    441685468    441869781
436739627    436881866    436995070    437124852    440934222    441072089    441259561    441489796    441685476    441869799
436739635    436881874    436995096    437124860    440934230    441072105    441259587    441489804    441685484    441869807
436739650    436881882    436995104    437124878    440934271    441072113    441259595    441489812    441685492    441869815
436739676    436881890    436995120    437124886    440934289    441072121    441263647    441489820    441685500    441869831
436739684    436881908    436999239    437124910    440934297    441072162    441263662    441489838    441685518    441869849
436739692    436881916    436999254    437124936    440934321    441072170    441263670    441489853    441688355    441869856
436739700    436881924    436999262    437124951    440934354    441072188    441263704    441489861    441688454    441870060
436739718    436881932    436999270    437124977    440934362    441072196    441263712    441489879    441688462    441870086
436739726    436881957    436999312    437124993    440934388    441072212    441264686    441489887    441691185    441870102
436739734    436881965    436999320    437125008    440934396    441072220    441264702    441489895    441691193    441870110
436739742    436883516    436999338    437125016    440934404    441072238    441264710    441489911    441691219    441870136
436739759    436883524    436999346    437125024    440934412    441072253    441264736    441489929    441691227    441870151

 

SCH-A-8


Total Initial Cut

 

Loan
Number

   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
437083777    438174922    440631075    440688778    440733988    441074861    441469103    436331284    436486526    436616965
437083827    438174971    440631141    440688786    440734481    441074887    441469194    436331292    436486542    436616973
437083918    438175085    440631158    440688794    440734507    441074911    441469285    436331300    436486559    436616981
437083926    438175127    440631208    440688836    440734531    441074929    441469293    436331334    436486583    436617005
437083934    438175168    440631216    440688844    440734549    441074937    441469426    436331359    436486609    436617013
437083967    438175416    440631307    440689057    440734598    441084258    441470804    436331391    436486617    436617054
437084080    438175424    440631315    440689164    440734655    441084282    441470861    436331417    436486633    436617062
437084338    438175473    440631356    440689230    440734689    441084357    441470879    436331433    436486641    436618359
437084346    438175572    440631364    440689248    440734838    441084373    441470887    436331482    436486674    436618367
437084445    438175770    440631372    440689305    440734945    441084464    441470903    436331508    436486716    436618375
437084569    438175820    440631398    440689347    440734952    441084480    441470911    436331516    436486732    436618383
437095003    438175861    440631448    440689362    440734994    441084530    441480803    436331524    436486765    436618391
437095029    438175879    440631513    440689453    440735025    441084555    441489309    436331532    436486773    436618409
437095086    438175887    440631554    440689487    440735074    441084571    441497575    436331540    436486781    436618417
437095110    438175929    440631588    440689537    440735124    441084654    441498730    436331565    436486815    436618441
437095227    438176000    440631646    440689560    440735199    441084688    441507258    436331573    436488233    436618466
437095318    438176133    440631687    440689578    440735355    441084761    441515392    436331599    436488258    436618474
437095326    438176307    440631695    440689586    440735439    441084852    441517166    436331607    436488290    436618482
437095383    438176315    440631802    440689677    440735538    441084910    441517174    436331631    436488316    436618490
437095466    438176463    440631836    440689719    440735660    441085016    441517190    436339790    436488324    436618524
437095474    438176471    440631869    440690089    440735702    441085057    441517216    436339808    436488332    436618532
437095508    438176554    440631893    440690105    440735819    441085131    441517232    436339816    436488365    436618557
437095540    438176596    440631927    440690139    440735835    441085156    441517240    436339824    436488381    436618565
437095664    438176653    440631943    440690147    440735843    441085289    441517257    436339832    436488399    436618573
437102064    438176687    440631968    440690220    440735850    441085420    441524998    436339881    436488423    436618607
437102080    438176695    440632040    440690253    440735991    441085511    441526464    436345086    436488431    436618615
437102130    438176810    440632081    440690279    440736049    441085537    441526472    436345151    436488449    436618623
437102171    438176828    440632099    440690287    440736114    441087855    441526480    436345169    436488464    436618631
437102205    438176869    440632107    440690303    440736148    441087871    441526498    436345185    436488472    436618649
437102221    438177057    440632164    440690352    440736189    441087988    441526506    436345201    436488480    436618664
437102346    438177156    440632172    440690378    440736213    441088176    441526522    436345219    436488522    436618680
437102486    438177164    440632198    440690402    440736304    441088184    441534328    436345235    436488530    436618698
437110042    438177222    440632255    440690410    440736379    441088242    441535747    436345276    436488555    436618706
437110141    438177248    440632362    440690493    440736403    441088259    441535754    436345284    436488571    436618714
437110166    438177446    440632370    440690543    440736528    441088267    441535762    436345292    436488589    436618722
437110190    438177487    440632396    440690568    440736544    441088275    441542958    436346522    436488597    436618755
437110273    438177495    440632438    440690691    440736619    441088283    441543139    436346530    436488605    436618763
437110331    438177727    440632677    440690741    440736726    441088317    441544525    436346555    436488639    436618771
437110349    438177834    440632701    440690758    440736767    441088325    441553153    436346613    436488654    436618789
437110364    438178063    440632743    440690782    440736783    441088408    441560315    436346639    436488662    436618797
437110422    438178097    440632750    440691020    440736825    441088531    441561636    436346662    436488670    436618805
437110463    438178204    440632776    440691038    440737377    441088556    441561644    436346696    436488688    436618839
437110521    438178295    440632867    440691095    440737492    441088564    441569035    436346712    436488696    436618862
437110687    438178303    440632925    440691111    440737534    441088580    441569050    436346746    436488704    436618870
437110836    438178444    440632958    440691129    440737682    441088630    441575636    436346753    436488712    436618896
437122211    438178659    440632966    440691186    440737690    441088689    441575784    436346761    436488738    436618904
437122237    438178709    440632990    440691194    440737708    441088747    441577061    436346779    436488787    436618920
437122245    438178832    440633048    440691228    440737799    441088846    441577095    436346787    436488795    436618938
437122294    438178881    440633055    440691251    440737815    441088887    441582996    436346795    436488803    436618946
437122302    438178907    440633097    440691327    440737906    441088895    441583887    436346803    436488811    436618953
437122310    438179095    440633188    440691335    440737930    441088952    441583895    436346811    436488837    436618979
437122369    438179111    440633212    440691376    440737971    441089034    441617420    436346852    436488845    436618987
437122468    438179186    440633311    440691392    440738037    441089042    441624491    436346886    436488852    436619001
437122484    438179418    440633378    440691418    440738052    441089059    441624517    436346894    436488860    436619019
437122492    438179459    440633386    440691459    440738086    441098902    441658986    436346902    436488878    436619027
437122666    438179483    440633428    440691525    440738094    441098951    441690658    436346928    436488886    436619035
437122682    438179590    440633485    440691582    440738110    441098985    441719408    436346936    436488902    436619043
437122732    438179616    440633527    440691624    440738151    441099074    441809662    436346944    436488928    436619050
437122773    438179624    440633535    440691764    440738292    441099173    441815826    436346951    436494876    436619068
437135114    438179657    440633600    440691822    440738409    441099314    441816063    436346977    436494884    436619084
437135338    438179756    440633691    440691962    440738458    441099439    441821949    436346985    436494900    436619118
437135361    438179889    440633717    440692002    440738540    441099751    441858354    436346993    436494918    436619134
437135429    438180069    440633774    440692101    440738557    441099777    441889912    436347009    436494926    436619159
437135544    438180077    440633782    440692234    440738599    441099785    441927324    436347025    436494942    436619167
437135627    438180192    440633790    440692341    440738615    441099892    441981388    436347041    436494959    436619175
437135643    438180226    440633865    440692366    440738698    441101607    441991452    436347058    436494991    436619183
437149065    438180325    440633923    440692390    440738706    441101615    441996857    436347066    436495022    436619191
437149099    438180424    440633949    440692481    440738730    441101623    442074704    436347082    436495030    436619209
437149149    438180432    440633972    440692622    440738821    441101706    442074753    436347124    436495048    436619217
437149594    438180473    440633980    440692705    440738904    441101722    442080164    436347132    436495055    436619225
437149636    438180523    440633998    440692846    440738920    441101813    442080362    436349674    436495063    436619233
437149867    438180598    440634079    440692861    440738961    441101946    442113429    436351050    436495071    436619258
437149941    438180614    440634160    440692911    440738987    441101987    442113494    436351068    436495089    436619290

Loan
Number

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Number
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Number
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Number
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Number
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Number
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Number
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Number
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Number
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Number
436739783    436883532    436999387    437125040    440934446    441072261    441264769    441489986    441691235    441871662
436739809    436883565    436999395    437125065    440934461    441072279    441264777    441490729    441691243    441871696
436739817    436883573    436999429    437125081    440934479    441072295    441264793    441490745    441691250    441871902
436739825    436883607    436999437    437125115    440934487    441072311    441264801    441490760    441691276    441872546
436739874    436883615    436999445    437125164    440934503    441072337    441264819    441490778    441691615    441872579
436739882    436883631    436999452    437125172    440934511    441072345    441264835    441490794    441691623    441872587
436739924    436883649    436999460    437125180    440934529    441072352    441264843    441490810    441691631    441872595
436739981    436883656    436999502    437125198    440934560    441072360    441264850    441490836    441691649    441872603
436740005    436883664    437000557    437125214    440934578    441072378    441264892    441490844    441691656    441872611
436740013    436883680    437000565    437125222    440934586    441072402    441264900    441490851    441691672    441872637
436740021    436883698    437000573    437125230    440934594    441072410    441264918    441490869    441691680    441873056
436740039    436883748    437000599    437125248    440934602    441072428    441264942    441490877    441691698    441874591
436740047    436883755    437000607    437125255    440934628    441072444    441264959    441490885    441691706    441874625
436740054    436883771    437000623    437125263    440934644    441072469    441264975    441490893    441691714    441874633
436745459    436883789    437000631    437125297    440934669    441072477    441265006    441490919    441691722    441874658
436745467    436883805    437000649    437125305    440934677    441072485    441265014    441490927    441691730    441874674
436745483    436883839    437000656    437125313    440934685    441072493    441265022    441490935    441691748    441874708
436748347    436883847    437000672    437131345    440934693    441072519    441265048    441490943    441691755    441874732
436748370    436883854    437000680    437131360    440934701    441072527    441265055    441490984    441691763    441874740
436748388    436883862    437000706    437131378    440934727    441072535    441265063    441490992    441691771    441874757
436748453    436883870    437000714    437131386    440934735    441072543    441265071    441491024    441691789    441875168
436748461    436883896    437000722    437131402    440934743    441072568    441269297    441491040    441691797    441875176
436748487    436883904    437000748    437131428    440934750    441072584    441269305    441491065    441691805    441875184
436748495    436883912    437000763    437131436    440934768    441072592    441273695    441491081    441695582    441876562
436748511    436883920    437000771    437131444    440936144    441072600    441273711    441491099    441695616    441876745
436749410    436883938    437000789    437133192    440937340    441072618    441273729    441491115    441695624    441877321
436749436    436883946    437000797    437133234    440937365    441072626    441273737    441491123    441695632    441877602
436749444    436883961    437000813    437134570    440937373    441072634    441273745    441495058    441695657    441877628
436749477    436883979    437000821    437136435    440937381    441074945    441273760    441495082    441695665    441877636
436749485    436883987    437000862    437136443    440937407    441074952    441273778    441495090    441695681    441878733
436749493    436883995    437000870    437136468    440937415    441074986    441273786    441497955    441695699    441879509
436749501    436884001    437000888    437136476    440937431    441074994    441273794    441497971    441695707    441879517
436749519    436884019    437000896    437136484    440937456    441075009    441273802    441497989    441698339    441879525
436749535    436884027    437000904    437136500    440937480    441075041    441273810    441497997    441698347    441879541
436749543    436884043    437000920    437136518    440937498    441075116    441273828    441498003    441698354    441879566
436749550    436884050    437000946    437136526    440937506    441075132    441273844    441498011    441698362    441879574
436749592    436884084    437000953    437136534    440937522    441075157    441273851    441498037    441698370    441879582
436749600    436884092    437000961    437136559    440937530    441075165    441273869    441498052    441698958    441879590
436749618    436884100    437000987    437136575    440937548    441075173    441273877    441498060    441698966    441879608
436749626    436884126    437001001    437136583    440937555    441075181    441273885    441498078    441698974    441879616
436749634    436884134    437001035    437136609    440937563    441075199    441273893    441498086    441698990    441879624
436749675    436884159    437001043    437136641    440937571    441075231    441273919    441498771    441699006    441879632
436749683    436884167    437001050    437136658    440937605    441075256    441273927    441498789    441699014    441879640
436749691    436884175    437001076    437137722    440937613    441075298    441273968    441498797    441699030    441879657
436749709    436884183    437001092    437137763    440937639    441075314    441273992    441498805    441702743    441879665
436749717    436884191    437001142    437137771    440937647    441075322    441274016    441498813    441702750    441879673
436749725    436884209    437001167    437137789    440937654    441075330    441278454    441498821    441702768    441879681
436749741    436884217    437001183    437137813    440937688    441075348    441278470    441498839    441702776    441879699
436749766    436884233    437001209    437137821    440937712    441075355    441278488    441498847    441705639    441879996
436749774    436884241    437006943    437137839    440937720    441075363    441278496    441498862    441705654    441880010
436749790    436884266    437006950    437137847    440937738    441075371    441282654    441498870    441705662    441880028
436749808    436884274    437006976    437137896    440937746    441075389    441282662    441498888    441705670    441880051
436749816    436884282    437006984    437137904    440937753    441075405    441282688    441498896    441705688    441880077
436749832    436884308    437006992    437137912    440937761    441075421    441282696    441498904    441705696    441880085
436749840    436884324    437007008    437137920    440937779    441075447    441282712    441498912    441705720    441880101
436749857    436884332    437007016    437137946    440937787    441075454    441282738    441498920    441705746    441880119
436749873    436884340    437007024    437137953    440937795    441075462    441282746    441498938    441705753    441880135
436749915    436884357    437007040    437137961    440937803    441075470    441282753    441498946    441705761    441880168
436749923    436884399    437007057    437137979    440937837    441075488    441282787    441498961    441705787    441880176
436749931    436884407    437007065    437137987    440937845    441075504    441283587    441498979    441705795    441880184
436749949    436884415    437007099    437137995    440937852    441075512    441283595    441498995    441705803    441880192
436749972    436884423    437007123    437138019    440937860    441075520    441283611    441499001    441705811    441881844
436749980    436884464    437012313    437138027    440937878    441075546    441283629    441499019    441706496    441881869
436749998    436884472    437012321    437138035    440937902    441080819    441283637    441499035    441706512    441882586
436750004    436884480    437012347    437138043    440937910    441080827    441283652    441499043    441706520    441882594
436750012    436884498    437012362    437138050    440937936    441080835    441283686    441499050    441706538    441882602
436750020    436884506    437012370    437138068    440937944    441080850    441283694    441499068    441706553    441882610
436750053    436884514    437012404    437138076    440937977    441080876    441283728    441499084    441706561    441882636
436750061    436884522    437012420    437138092    440937985    441080884    441283736    441499092    441706579    441882644
436750087    436884563    437012438    437138100    440938009    441080900    441283744    441499100    441706595    441882677
436750095    436884589    437012453    437138118    440938025    441080942    441283769    441499118    441706603    441882685
436750103    436884597    437012479    437138134    440938058    441080959    441283777    441499142    441706611    441882693
436755177    436884605    437012487    437138142    440938082    441080967    441283785    441504651    441706645    441884459

 

SCH-A-9


Total Initial Cut

 

Loan
Number

   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
437161417    438180630    440634228    440692952    440738995    441102043    442159968    436351084    436495097    436619316
437161441    438180705    440634244    440693000    440739019    441102084    442159976    436351092    436495105    436619324
437161565    438180721    440634285    440693075    440739084    441102142    442159992    436351100    436495113    436619332
437161607    438180804    440634350    440693083    440739126    441102290    442160024    436351118    436495121    436624639
437161615    438180903    440634376    440693091    440739167    441102308    442160032    436355879    436495139    436625446
437161656    438180929    440634426    440693265    440739175    441110798    442160040    436355903    436495147    436625453
437161672    438180994    440634483    440693299    440739191    441110806    442160057    436355929    436495162    436625461
437161797    438181018    440634558    440693331    440739225    441110905    442160073    436355937    436495188    436625479
437161821    438181059    440634566    440693372    440739332    441110947    442160115    436355945    436495196    436625495
437161995    438181174    440634624    440693455    440739423    441110962    442160131    436355952    436495204    436625503
437162084    438181216    440634640    440693554    440739449    441111101    442160180    436355960    436500003    436625537
437164189    438181240    440634665    440693638    440739464    441111135    442160214    436355978    436500029    436625552
437164221    438181273    440634798    440693711    440739522    441111176    442160222    436355986    436500037    436625586
437164270    438181315    440634897    440693752    440739555    441111283    442160248    436355994    436500052    436625628
437164288    438181331    440634939    440693760    440739563    441111341    442160263    436356018    436500078    436625636
437164304    438181349    440634947    440693778    440739571    441111366    442160313    436356026    436500102    436625644
437164338    438181422    440635027    440693828    440739589    441111416    442160321    436356042    436500110    436625669
437164346    438181471    440635035    440693893    440739647    441111614    442160339    436356059    436500128    436625677
437164403    438181521    440635282    440693976    440739688    441111739    442160347    436358469    436500136    436625685
437164445    438181588    440635324    440694081    440739738    441111754    442160370    436358543    436500151    436625701
437164528    438181661    440635332    440694099    440739746    441111788    442164208    436358568    436501357    436625735
437164544    438181679    440635399    440694123    440739910    441111804    442164216    436358584    436501399    436625768
437164700    438181703    440635407    440694131    440739969    441113503    442164224    436358626    436501407    436625784
437164742    438181745    440635415    440694362    440739977    441113537    442164232    436358667    436501423    436625800
437164775    438181810    440635456    440694396    440739985    441113602    442164240    436358675    436501449    436625826
437164825    438181828    440635464    440694461    440740041    441113651    442164265    436358683    436501456    436625842
437164882    438181935    440635472    440694495    440740074    441113701    442164281    436358709    436501464    436625859
437164957    438182131    440635514    440694552    440740116    441113776    442164307    436358717    436501480    436625867
437164981    438182156    440635522    440694693    440740140    441113875    442164323    436358725    436501514    436625875
437164999    438182172    440635530    440694792    440740207    441113917    442164349    436358741    436501522    436625891
437174576    438182396    440635605    440694859    440740215    441113958    442164356    436358758    436501555    436625917
437174618    438182420    440635613    440694891    440740223    441114089    442164364    436358766    436501563    436625941
437174626    438182479    440635654    440694933    440740249    441114105    442164372    436358790    436501571    436625966
437174709    438182495    440635704    440694941    440740280    441114386    442164380    436358816    436501589    436625974
437174832    438182503    440635720    440694966    440740298    441123619    442164398    436358824    436501597    436626014
437174865    438182511    440635761    440694990    440740306    441123767    442164406    436358832    436501605    436626022
437174881    438182578    440635803    440695013    440740454    441123809    442164414    436358840    436501613    436626030
437175003    438182602    440635852    440695096    440740470    441123924    442164430    436358865    436501639    436631345
437175250    438182693    440635902    440695161    440740488    441123932    442164455    436358873    436501647    436631352
437175268    438182743    440635910    440695187    440740512    441123957    442164463    436358899    436501654    436631360
437175342    438182867    440636041    440695245    440740538    441123999    442164471    436358907    436501662    436631378
437178452    438182883    440636082    440695252    440740553    441124062    442164489    436358923    436501688    436631386
437178478    438182891    440636090    440695260    440740603    441124203    442164497    436358949    436501696    436631394
437178510    438182990    440636116    440695393    440740702    441124278    442164513    436358956    436501712    436631402
437178775    438183022    440636140    440695419    440740744    441124427    442164521    436358964    436501738    436631410
437178817    438183071    440636264    440695492    440740751    441124583    442164539    436358972    436501746    436631428
437178858    438183147    440636322    440695617    440740819    441124591    442164547    436358980    436501753    436631451
437178890    438183279    440636439    440695625    440740827    441126570    442164554    436358998    436501761    436631469
437178932    438183287    440636454    440695641    440740884    441126737    442164562    436359004    436501779    436631493
437178940    438183386    440636504    440695682    440740918    441126810    442164588    436359012    436501787    436631501
437178957    438183394    440636520    440695690    440740934    441126968    442164604    436359020    436501829    436631527
437178981    438183477    440636553    440695732    440740991    441126984    442169512    436359038    436501837    436631535
437179005    438183568    440636579    440696029    440741080    441127016    442175352    436359061    436501845    436631550
437179096    438183626    440636595    440696102    440741122    441127040    442175394    436359087    436501852    436631568
437179120    438183691    440636603    440696151    440741585    441127099    442181129    436359095    436501860    436631576
437179195    438183709    440636629    440696177    440741635    441127222    442186441    436359129    436501886    436631584
437179203    438183725    440636710    440696201    440741700    441127263    442186573    436359145    436501894    436631634
437179245    438183733    440636744    440696219    440741734    441127271    442191870    436359152    436501902    436631675
437179286    438183766    440636801    440696227    440741809    441127354    442197026    436359160    436501910    436631683
437179328    438183774    440636835    440696284    440741825    441127396    442197075    436359178    436501928    436631691
437179369    438183832    440636942    440696318    440741866    441127404    442218038    436359186    436501969    436631709
437179385    438183865    440636959    440696334    440741932    441127461    442222006    436359202    436501977    436631725
437179419    438183949    440637015    440696359    440742047    441127479    442222071    436359210    436501985    436631733
437179435    438183998    440637023    440696383    440742062    441127487    442222220    436359228    436501993    436631741
437179518    438184095    440637098    440696599    440743003    441127495    442234860    436359236    436502009    436633275
437179534    438184103    440637148    440696631    440743177    441137015    442240396    436359244    436502025    436633291
437179567    438184152    440637163    440696698    440743227    441137569    442255030    436359251    436502058    436633309
437179633    438184178    440638823    440696847    440743268    441137593    442255097    436359269    436502066    436633325
437179682    438184319    440638849    440696896    440743292    441137601    442259164    436359327    436502074    436633333
437179716    438184335    440638872    440696904    440743326    441137627    442263786    436359368    436507362    436633341
437179724    438184350    440638948    440697001    440743367    441137759    442278081    436359376    436507370    436633366
437179732    438184376    440639003    440697068    440743425    441137767    442278222    436359384    436507438    436633382
437179781    438184426    440639011    440697084    440743433    441137817    442282711    436359400    436507446    436633390

Loan
Number

   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
436755193    436884621    437012495    437138159    440938090    441081007    441283793    441504669    441706652    441884467
436755219    436884639    437012511    437138167    440938108    441081023    441283801    441504677    441706660    441884475
436755227    436884647    437012529    437138175    440938116    441085800    441283827    441504685    441709946    441884483
436755235    436884662    437012545    437138183    440938132    441085966    441283843    441504693    441712775    441884509
436755243    436884670    437012552    437138191    440938157    441085974    441283850    441508728    441712783    441884517
436755276    436884688    437012560    437138209    440938181    441085982    441283884    441508736    441712791    441884525
436755284    436884696    437012578    437138233    440938207    441085990    441283892    441508751    441712809    441884541
436755326    436884704    437012586    437138241    440944171    441086006    441283900    441508769    441712817    441884558
436755342    436884712    437012594    437138266    440944189    441086022    441283918    441508777    441712825    441884566
436755359    436884720    437012602    437146012    440944205    441086048    441283926    441508793    441712841    441884574
436755375    436884738    437012610    437146020    440944213    441086055    441283934    441508801    441712858    441884582
436755409    436884746    437012628    437146053    440944221    441086063    441287760    441508827    441712866    441884590
436755417    436885172    437012669    437146061    440944239    441086089    441287786    441508835    441712874    441884616
436755425    436892277    437012677    437146079    440944247    441086097    441287802    441508843    441712882    441884624
436755433    436892285    437012685    437146103    440948784    441086113    441287836    441508868    441712908    441884640
436755466    436892301    437012701    437146111    440948792    441086121    441291838    441508884    441712916    441885308
436755474    436892335    437012743    437146129    440948818    441086139    441291853    441508892    441712924    441885316
436755490    436892343    437012750    437146137    440948826    441086170    441292661    441509635    441713575    441885324
436755524    436892350    437012776    437146152    440948842    441086188    441292679    441509650    441713583    441885332
436755532    436892368    437012784    437146178    440948859    441086196    441292687    441509668    441713591    441885340
436755540    436892384    437012800    437146194    440948867    441086212    441292695    441509676    441713609    441885357
436755557    436892392    437012818    437146202    440948875    441086220    441292703    441509692    441713625    441885365
436755565    436892418    437012834    437146228    440948883    441086238    441292711    441509700    441713633    441885373
436755573    436892434    437012842    437146236    440948909    441086246    441292729    441509718    441713641    441885381
436759393    436892459    437012859    437146251    440948925    441086253    441292737    441509726    441713658    441887320
436759427    436892467    437012867    437150543    440948933    441086287    441292745    441509742    441713674    441887528
436759435    436892475    437012875    437150550    440948966    441086295    441292760    441509759    441713690    441887551
436759443    436892483    437012883    437150568    440948974    441086303    441292778    441509767    441713708    441887577
436759468    436892491    437012891    437150576    440948990    441086329    441292794    441509783    441713724    441887585
436759476    436892509    437012909    437150584    440949014    441086345    441292810    441509791    441713740    441887593
436759484    436892517    437012925    437150592    440949022    441086352    441292836    441509817    441713757    441887700
436759492    436892541    437012958    437150600    440949030    441086386    441292844    441509833    441713765    441889409
436759500    436892558    437012966    437150626    440949048    441086394    441292851    441509841    441713773    441889417
436759518    436899645    437012974    437150634    440949063    441086402    441292885    441509866    441715281    441889425
436759526    436899652    437012982    437150642    440949071    441086410    441292893    441509874    441716347    441889466
436759542    436899660    437012990    437150659    440949105    441086428    441292901    441509890    441717386    441889474
436759567    436899694    437013006    437150675    440949113    441086444    441292927    441509908    441717402    441889482
436760540    436899710    437018989    437150683    440949139    441086477    441292935    441509916    441717410    441890126
436760615    436899736    437018997    437150691    440949154    441086485    441292943    441509965    441717428    441890142
436760623    436899769    437019003    437150725    440949188    441086493    441292950    441509973    441719978    441890167
436760631    436899793    437019029    437150733    440949204    441086519    441292968    441509981    441719986    441890175
436760649    436899801    437019037    437150741    440949212    441086527    441292984    441510005    441719994    441890183
436760656    436899819    437019045    437150790    440949253    441086550    441292992    441510013    441720000    441890191
436760664    436899827    437019052    437150816    440950517    441086568    441293032    441510039    441720018    441890209
436760672    436899850    437019060    437150824    440951713    441086576    441293065    441516259    441720026    441890225
436760680    436899868    437019102    437150840    440951739    441086584    441293073    441516267    441720067    441892148
436760698    436899876    437019110    437150857    440951747    441087418    441293081    441516283    441720075    441892544
436760706    436899892    437019128    437150865    440951754    441089067    441293107    441516325    441720091    441892551
436760755    436899918    437019144    437150881    440951762    441089075    441293115    441516333    441720117    441892577
436760763    436899926    437019151    437150907    440951788    441089083    441293131    441516341    441720539    441892973
436760771    436899942    437019169    437150915    440951812    441089109    441293149    441516358    441720562    441894037
436760797    436899959    437019177    437150923    440951820    441089117    441297413    441516366    441720570    441894607
436760805    436899967    437019185    437150931    440951846    441089133    441297421    441517307    441720588    441894706
436760821    436899975    437020068    437150956    440951853    441089141    441301405    441517315    441720596    441894730
436760847    436899991    437023435    437150964    440951887    441089182    441301413    441517331    441720604    441894748
436760854    436900005    437023476    437150972    440951895    441089190    441301421    441517349    441720612    441894755
436760870    436900203    437023484    437150980    440951903    441089208    441301462    441517356    441720620    441894763
436760888    436900211    437023492    437152127    440951937    441089224    441301470    441517364    441720638    441894771
436760904    436900237    437023500    437152150    440951945    441089240    441301488    441517372    441720646    441894797
436760912    436900245    437023534    437152168    440951952    441089257    441301496    441517380    441720653    441894805
436760920    436900252    437023542    437152176    440951960    441089265    441301504    441517398    441720661    441894813
436760938    436900260    437023567    437152192    440951994    441089273    441301520    441517414    441720687    441894821
436760946    436900278    437023575    437152226    440952026    441089281    441301546    441517430    441720695    441894847
436760961    436900286    437023583    437152267    440952034    441089299    441301561    441517463    441720729    441895216
436760995    436900294    437023617    437152275    440952042    441089307    441302395    441517471    441720737    441895224
436761001    436900310    437023633    437152283    440952075    441089323    441302403    441517489    441720745    441895240
436761019    436900344    437023641    437152291    440952083    441089331    441302429    441517497    441720760    441895257
436761027    436900377    437023666    437152309    440952117    441089349    441302437    441517513    441720778    441895273
436761035    436900393    437023674    437152317    440952133    441089356    441302445    441517521    441724036    441895281
436761043    436900419    437023682    437152325    440952141    441089364    441302452    441517539    441724176    441895299
436761050    436900435    437023690    437152341    440952166    441089380    441302460    441517562    441724184    441895315
436761068    436900443    437023708    437152358    440952208    441095569    441302478    441517570    441724192    441895331
436761076    436900518    437023724    437152366    440952216    441095585    441302486    441517596    441725223    441895349

 

SCH-A-10


Total Initial Cut

 

Loan
Number

   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
437179799    438184533    440639037    440697118    440743508    441137908    442282844    436359418    436507453    436633408
437179856    438184616    440639219    440697134    440743565    441138013    442291548    436359426    436507487    436633424
437191372    438184665    440639243    440697159    440743623    441138062    442302485    436359459    436507495    436633432
437191455    438184772    440639276    440697209    440743631    441138070    442314381    436359467    436507503    436633465
437191463    438184830    440639300    440697233    440743656    441138088    442318135    436359525    436507552    436633473
437191497    438184848    440639334    440697266    440743664    441138096    442326310    436359533    436507560    436633499
437191554    438184855    440639391    440697274    440743763    441138104    442326500    436359541    436507578    436633515
437191760    438184871    440639508    440697282    440743771    441138179    442341418    436362008    436507586    436633523
437191828    438184897    440639516    440697316    440743797    441138229    442348249    436362016    436512586    436633531
437191901    438184954    440639532    440697324    440744001    441138336    442348462    436362024    436512602    436633572
437191950    438185001    440639557    440697332    440744027    441139979    442351243    436362057    436512610    436633614
437192123    438185027    440639573    440697340    440744084    441140019    442353918    436362065    436512636    436633622
437192172    438185050    440639581    440697357    440744092    441140175    430284208    436362099    436512644    436633648
437192495    438185092    440639649    440697365    440744308    441140225    430321372    436362107    436512669    436633663
437194749    438185126    440639656    440697381    440744480    441140233    430561274    436362123    436512685    436633671
437194764    438185142    440639680    440697399    440745008    441140282    430581462    436362156    436512693    436633697
437194921    438185167    440639722    440697472    440745057    441140308    430583690    436362180    436512701    436633705
437194947    438185233    440639755    440697522    440745081    441140316    430584243    436362248    436512735    436633713
437194988    438185274    440639839    440697530    440745123    441140423    430584292    436362271    436512743    436633721
437195027    438185340    440639854    440697688    440745214    441140563    430586560    436362313    436512750    436633739
437195050    438185399    440639920    440697696    440745271    441140670    430586859    436362347    436512768    436633754
437195092    438185522    440639946    440697720    440745289    441140779    430587642    436362354    436512784    436633762
437195100    438185837    440640142    440697761    440745305    441140787    430588954    436369250    436512834    436633770
437195126    438185852    440640266    440697795    440745313    441140795    430590141    436369276    436512859    436633788
437195134    438185860    440640274    440697803    440745354    441140829    430591024    436369284    436512883    436633812
437195209    438185928    440640340    440697811    440745503    441140837    430591172    436369292    436512891    436633838
437195233    438185944    440640357    440697845    440745552    441147089    430591396    436369334    436512909    436633853
437195241    438186058    440640381    440697878    440745560    441147170    430591750    436369342    436512925    436633879
437195332    438186116    440640498    440697886    440745677    441147196    430592253    436369367    436512941    436633887
437195373    438186124    440640514    440697902    440745883    441147212    430593327    436369375    436512974    436633911
437195407    438186140    440640571    440697910    440745941    441147246    430594895    436369409    436512990    436633929
437195506    438186215    440640787    440697936    440745990    441147279    430595355    436369417    436513014    436633937
437195522    438186314    440640803    440697977    440746311    441147360    430596346    436369425    436513022    436633945
437195530    438186397    440640811    440698017    440746360    441147410    430596411    436369474    436513030    436633952
437195621    438186413    440640845    440698074    440746378    441147428    430598151    436369482    436513683    436633960
437195761    438186496    440640894    440698181    440746386    441147469    430598516    436369490    436513717    436633978
437195787    438186512    440640910    440698215    440746402    441147592    430599993    436369508    436513733    436634018
437195845    438186546    440640928    440698256    440746444    441147675    430600189    436369516    436513741    436634026
437195852    438186611    440640977    440698264    440746469    441147733    430602599    436373583    436513766    436634042
437195894    438186702    440640985    440698314    440746527    441147758    430602771    436373591    436513774    436634059
437195910    438186736    440640993    440698389    440746568    441147907    430603043    436373609    436513782    436634067
437195936    438186785    440641009    440698397    440746592    441147956    430603209    436373625    436513816    436634075
437195969    438186819    440641066    440698413    440746618    441147964    430603829    436373633    436513840    436634083
437195985    438186926    440641074    440698439    440746626    441148004    430603951    436373658    436513857    436634109
437196017    438186959    440641082    440698504    440746675    441148012    430605550    436373666    436513873    436634117
437196108    438186967    440641090    440698512    440746717    441148145    430609198    436373690    436513881    436634133
437317837    438187163    440641124    440698561    440746725    441148160    430609578    436373708    436513899    436634141
437321250    438187197    440641140    440698587    440746733    441148194    430610410    436373724    436513907    436634158
437325756    438187239    440641199    440698603    440746824    441148269    430611020    436373765    436513915    436634182
437326200    438187254    440641215    440698645    440746832    441148368    430614396    436373781    436513923    436634190
437327430    438187304    440641223    440698652    440746840    441149358    430615021    436373815    436513949    436634208
437327687    438187387    440641322    440698686    440746899    441149432    430616292    436373823    436513956    436634216
437328289    438187429    440641330    440698736    440746915    441149481    430617506    436373856    436513980    436634224
437329386    438187650    440641348    440698785    440746931    441149515    430617621    436373880    436514004    436634232
437329956    438187668    440641355    440698793    440746998    441149572    430618504    436373898    436514020    436634240
437332984    438187742    440641371    440698801    440747004    441149606    430619247    436373906    436514038    436634307
437333933    438187809    440641462    440698868    440747020    441149622    430619312    436373914    436514061    436634323
437334519    438187825    440641496    440698876    440747046    441149689    430619544    436373922    436514095    436634331
437335045    438187833    440641595    440698892    440747111    441149721    430619916    436373930    436514111    436634349
437335649    438187874    440642890    440698926    440747160    441149747    430620948    436373948    436514129    436634356
437335771    438187882    440642940    440698959    440747533    441149788    430621185    436373955    436514137    436634372
437335979    438187908    440642957    440699015    440747616    441149804    430621441    436373963    436514145    436634380
437336951    438187924    440643575    440699031    440747715    441157005    430621490    436373971    436514152    436634398
437337173    438187940    440643591    440699049    440747814    441157013    430621631    436373997    436514186    436634406
437337314    438187957    440643617    440699080    440747848    441157021    430621961    436374003    436514194    436641781
437338288    438188138    440643633    440699098    440748648    441157062    430622217    436374011    436514202    436641823
437338551    438188161    440643666    440699106    440748671    441157070    430622332    436374029    436514251    436641831
437338825    438188294    440643831    440699148    440748804    441157229    430622340    436374037    436514269    436641864
437338866    438188344    440643906    440699155    440748911    441157294    430622803    436374045    436514277    436641880
437339740    438188351    440643930    440699197    440748986    441157344    430623074    436374052    436514285    436641914
437339831    438188377    440643997    440699239    440748994    441157401    430623215    436374060    436514293    436641930
437340045    438188385    440644037    440699270    440749000    441157435    430623355    436374078    436514319    436641948
437340151    438188435    440644805    440699346    440749026    441157732    430623678    436374086    436514335    436641955

Loan
Number

   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
436761092    436900526    437023732    437152374    440952232    441095593    441302502    441517604    441725231    441895356
436761118    436900542    437023740    437152390    440952240    441095619    441302510    441517612    441725256    441895364
436761126    436900559    437023757    437152424    440952257    441095627    441302528    441517620    441725264    441896842
436761134    436900567    437023773    437152465    440952265    441095635    441302536    441517646    441725272    441897634
436761159    436900609    437023781    437152481    440952273    441095643    441302544    441517661    441725280    441897972
436761175    436900617    437023799    437152499    440952281    441095668    441302551    441523487    441725298    441897980
436761183    436900641    437023807    437152507    440952299    441095684    441302569    441523503    441725314    441897998
436761209    436900658    437023864    437152523    440952307    441095692    441302577    441523511    441725736    441898004
436761217    436900666    437024607    437152549    440952315    441095700    441302585    441523529    441725751    441898012
436766620    436900674    437024615    437152556    440952323    441095718    441302593    441523537    441725769    441898038
436766638    436900682    437024623    437152564    440952331    441095767    441302601    441523545    441725777    441899382
436766646    436900690    437024631    437152572    440952356    441095775    441302627    441524394    441725785    441900214
436766661    436900708    437024649    437152606    440952372    441095791    441302635    441524428    441725793    441900230
436766687    436900724    437024656    437152614    440952398    441095809    441302643    441524444    441725801    441900248
436766695    436900732    437024664    437152630    440952406    441095825    441302650    441524451    441725819    441900511
436766711    436900740    437024672    437152648    440952414    441095833    441302676    441524485    441725827    441900529
436766729    436900799    437024698    437152689    440952422    441095841    441302684    441524519    441725850    441900545
436766745    436900807    437024706    437152697    440952448    441095858    441302692    441524535    441725876    441900552
436766752    436900815    437024714    437152705    440952471    441095866    441302700    441524550    441725892    441900560
436766778    436900823    437024730    437152721    440952489    441095874    441302726    441524568    441725900    441900586
436766794    436900831    437024755    437152739    440952505    441095882    441302742    441524584    441725926    441900602
436766802    436900849    437024763    437152770    440952513    441095916    441302783    441524667    441727740    441900610
436766810    436900864    437024771    437152788    440952521    441100468    441302791    441524733    441728227    441900636
436772404    436900880    437024797    437152804    440952539    441100500    441302809    441524741    441729027    441900644
436772412    436900906    437024805    437152812    440952547    441100518    441307139    441525722    441729035    441900669
436772446    436900914    437024813    437152820    440952554    441100534    441307147    441525730    441729043    441900677
436772479    436900930    437024839    437152846    440952562    441100542    441307154    441525748    441729068    441900685
436772495    436900948    437024847    437152861    440952570    441100559    441307162    441525755    441729092    441900693
436772545    436900955    437024904    437152879    440952588    441100567    441307170    441525763    441729100    441900701
436772552    436900963    437024912    437152887    440952596    441100575    441307188    441525771    441729928    441900719
436772586    436900971    437024953    437152895    440952604    441100583    441307196    441525797    441731379    441901600
436772602    436900989    437024979    437152911    440952612    441100609    441311669    441525813    441731387    441901972
436772610    436901011    437024995    437152929    440952620    441100617    441311685    441525847    441731395    441902905
436772651    436901029    437025000    437152937    440952638    441100625    441311693    441525862    441731403    441903978
436772693    436901037    437025034    437152952    440959161    441100633    441311701    441525870    441731411    441904893
436772719    436901045    437025059    437152960    440959179    441100658    441311719    441525896    441731429    441904901
436772727    436901052    437025083    437152978    440959237    441100666    441311735    441525904    441731437    441904919
436772750    436901060    437025091    437152986    440959245    441102357    441312816    441525912    441731445    441904935
436772768    436901094    437025117    437153000    440963833    441102373    441312857    441525920    441731460    441904943
436772776    436901128    437025125    437153018    440963866    441102381    441312881    441526548    441731742    441904950
436772784    436901144    437025133    437153034    440963890    441102423    441312923    441526563    441731759    441904968
436772792    436901151    437025141    437153042    440963908    441102449    441312931    441526571    441731767    441904976
436772818    436901177    437029895    437153059    440963916    441102480    441312949    441526589    441731775    441905304
436772826    436901185    437030141    437153075    440963932    441102498    441312956    441526613    441731783    441905320
436772834    436901193    437030158    437153083    440963957    441102522    441312964    441526621    441731791    441905338
436772842    436901243    437030182    437153091    440963965    441102530    441312972    441526639    441731817    441905346
436772859    436901268    437030190    437153109    440963973    441102548    441312998    441526647    441731833    441905353
436772867    436901292    437030232    437154552    440963981    441102555    441313004    441526654    441731841    441905379
436772875    436901318    437030240    437157084    440963999    441102563    441317138    441526670    441731866    441905387
436772883    436901334    437030265    437158322    440964013    441102571    441317179    441526688    441731874    441905395
436772909    436901342    437030281    437158330    440964021    441102589    441317187    441526696    441735032    441905403
436772925    436901359    437032188    437158355    440964047    441102605    441317195    441526704    441735040    441905411
436772941    436901367    437034796    437161052    440964054    441102613    441317211    441526720    441735073    441905429
436773006    436901391    437034804    437162613    440964062    441102639    441317229    441526738    441735081    441905437
436773022    436901409    437034812    437162639    440964070    441102647    441321502    441526746    441735453    441905445
436773048    436901417    437034820    437162654    440964088    441102654    441321510    441526753    441737624    441905452
436773055    436901425    437034838    437162662    440964104    441102662    441321528    441526761    441737632    441905460
436773063    436907521    437034846    437162670    440964112    441102670    441322542    441526795    441737640    441905478
436773071    436907539    437034853    437162688    440964120    441102688    441322559    441526803    441737665    441905528
436773097    436907547    437034861    437162704    440964153    441102696    441322575    441526811    441737673    441905577
436773105    436907554    437034879    437162712    440964161    441102704    441322583    441526852    441737822    441905585
436773113    436907562    437034887    437162738    440966026    441102712    441322617    441526860    441737939    441905593
436773139    436907570    437034929    437162746    440966034    441102720    441322625    441526886    441737947    441905619
436773170    436907596    437034952    437162753    440966059    441102746    441322633    441526894    441737962    441905627
436773188    436907604    437034960    437162761    440966067    441102753    441322641    441526902    441737970    441905635
436773212    436907612    437034978    437162779    440966083    441102761    441322658    441526910    441737988    441905643
436773220    436907620    437034986    437162795    440966109    441102779    441322666    441526928    441737996    441905650
436773238    436907638    437034994    437162803    440966117    441102787    441322674    441526936    441738002    441906666
436773246    436907646    437035009    437162811    440966125    441102795    441322690    441534880    441738010    441906716
436773279    436907661    437035025    437162837    440966133    441102811    441322708    441534898    441738028    441907490
436773287    436907679    437035058    437162852    440966166    441102829    441322716    441534906    441738077    441907821
436773303    436907687    437035074    437162860    440966174    441107927    441322724    441534914    441738085    441907854
436773311    436907703    437035082    437162878    440966182    441107935    441322732    441535788    441738093    441907862

 

SCH-A-11


Total Initial Cut

 

Loan
Number

   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
437340243    438188591    440644847    440699353    440749109    441157740    430623710    436374094    436514343    436641989
437341050    438188625    440644862    440699361    440749125    441157989    430624296    436374110    436517973    436642003
437341373    438188633    440644896    440699379    440749133    441159373    430624577    436374136    436519920    436642037
437342066    438188674    440644961    440699387    440749174    441159381    430624932    436374144    436519987    436642045
437342199    438188690    440644979    440699403    440749232    441159514    430624940    436374169    436519995    436642086
437342595    438188724    440644995    440699437    440749299    441159555    430625483    436374177    436524540    436642144
437342744    438188765    440645000    440699445    440749463    441159563    430625624    436374185    436524557    436642185
437342942    438188997    440645018    440699460    440749679    441159571    430625731    436374201    436524581    436642219
437342967    438189037    440645083    440699536    440749695    441159621    430626192    436374219    436524599    436642227
437343114    438189078    440645091    440699569    440749703    441159639    430626721    436374235    436524607    436642235
437343676    438189094    440645109    440699577    440749760    441159688    430626796    436374243    436524615    436642243
437343957    438189128    440645141    440699585    440749851    441159738    430626838    436374268    436524623    436648570
437344021    438189169    440645166    440699619    440749935    441159779    430627000    436374284    436524631    436648596
437344039    438189292    440645174    440699627    440750073    441159852    430627158    436374300    436524656    436648620
437344351    438189318    440645265    440699650    440750081    441166253    430627190    436374326    436524664    436648638
437344559    438189359    440645299    440699684    440750172    441166378    430627984    436374334    436524672    436648646
437344591    438189375    440645307    440699718    440750214    441166394    430628008    436374359    436524680    436648653
437344716    438189383    440645356    440699742    440750347    441166410    430629063    436374367    436524698    436648695
437344831    438189409    440645364    440699841    440750388    441166535    430629865    436374383    436524706    436648711
437345119    438189516    440645505    440699890    440750461    441166592    430630335    436374417    436524714    436648729
437345127    438189524    440645539    440699908    440750479    441166782    430630616    436374441    436524722    436648737
437345382    438189839    440645547    440699916    440750552    441166808    430630798    436374458    436524730    436648752
437345390    438189870    440645562    440699932    440750578    441166832    430631085    436378954    436524755    436648760
437346091    438189938    440645570    440699957    440750644    441166865    430631242    436379002    436524763    436648786
437346109    438190027    440645646    440700037    440750693    441167947    430631465    436379010    436524797    436648828
437346133    438190076    440645653    440700052    440750818    441167988    430631481    436379028    436525729    436648836
437346315    438190126    440645778    440700078    440750859    441168051    430631523    436379036    436525737    436648844
437346356    438190266    440646925    440700094    440750875    441168085    430631622    436379044    436525745    436648885
437346505    438190431    440647022    440700102    440751048    441168119    430632778    436379051    436525752    436648893
437346984    438190449    440647139    440700136    440751105    441168242    430633057    436379101    436525778    436648919
437347438    438190456    440647204    440700219    440751147    441168341    430633206    436379135    436525786    436648935
437347727    438190472    440647212    440700250    440751683    441168366    430633347    436379143    436525794    436648950
437347784    438190530    440647303    440700276    440751717    441168374    430633826    436379150    436525802    436648968
437347891    438190589    440647337    440700326    440751741    441168408    430634006    436379168    436525810    436648976
437348105    438190670    440647360    440700334    440751881    441175551    430634287    436379184    436525828    436648992
437348147    438190779    440647428    440700383    440751899    441175577    430634311    436379192    436525844    436649008
437348188    438190787    440647485    440700482    440751915    441175585    430634352    436379200    436525851    436649024
437348212    438190878    440647527    440700490    440751931    441175619    430634550    436379218    436525869    436649032
437348402    438190894    440647535    440700508    440751949    441175734    430634832    436379242    436525877    436649040
437348519    438190902    440647550    440700532    440752004    441175767    430634998    436379259    436525885    436650881
437348568    438190944    440647568    440700540    440752038    441175866    430635185    436384465    436525901    436650899
437348725    438190951    440647659    440700565    440752129    441176021    430635284    436384481    436525927    436650907
437348857    438190993    440647790    440700581    440752145    441176062    430635581    436384515    436525935    436650915
437348881    438191025    440647832    440700599    440752152    441176088    430636217    436384523    436525950    436650923
437349012    438191041    440647980    440700623    440752178    441176104    430636530    436384556    436525984    436650931
437349368    438191058    440647998    440700649    440752277    441176328    430636571    436384564    436525992    436650949
437349822    438191108    440648012    440700672    440752319    441176351    430637447    436384572    436526008    436650956
437350143    438191116    440648152    440700706    440752376    441176393    430637744    436384580    436526024    436650964
437350176    438191272    440648186    440700755    440752392    441176476    430638775    436384598    436526040    436650972
437350283    438191314    440648269    440700763    440752400    441177607    430639245    436384606    436526073    436650980
437350622    438191348    440648277    440700771    440752459    441177730    430639427    436384614    436526081    436650998
437350630    438191355    440648483    440700789    440752467    441177763    430639567    436384622    436526099    436651004
437350713    438191397    440648509    440700847    440752509    441177870    430639955    436384655    436526115    436651038
437350721    438191421    440648673    440700896    440752582    441177946    430640391    436384663    436526123    436651046
437350770    438191454    440648723    440700953    440752624    441178001    430640623    436384671    436526131    436651061
437350952    438191470    440648830    440700979    440752640    441178043    430640888    436384697    436526149    436651079
437351158    438191488    440648863    440701019    440752657    441178076    430640920    436388441    436526164    436651087
437351190    438191512    440648889    440701050    440752665    441178084    430640979    436388490    436526172    436651111
437351281    438191520    440648939    440701118    440752699    441185006    430641266    436388508    436526180    436651137
437351331    438191561    440649051    440701134    440752707    441185238    430641324    436388516    436526198    436651145
437351349    438191652    440649143    440701159    440752715    441185295    430641894    436388524    436526206    436651160
437351356    438191686    440649184    440701167    440752723    441185428    430642595    436388557    436526214    436651178
437351596    438191769    440649192    440701183    440752798    441185667    430642751    436388573    436526222    436651186
437351786    438191835    440649275    440701209    440752822    441186970    430643643    436388599    436526230    436651210
437351810    438191868    440649309    440701258    440752848    441187036    430643734    436388607    436526248    436651228
437351901    438191959    440649333    440701282    440752855    441187085    430644039    436388615    436526271    436651236
437352016    438191975    440649358    440701332    440752889    441187150    430644161    436388649    436526289    436651244
437352032    438192080    440649390    440701357    440752939    441187168    430644526    436388656    436526297    436651251
437352040    438192114    440649473    440701407    440752954    441187184    430645069    436388664    436526305    436651285
437352081    438192122    440649499    440701464    440752988    441187226    430645218    436388672    436526321    436651319
437352172    438192270    440649507    440701498    440752996    441187242    430645887    436388680    436526347    436651335
437352255    438192312    440649531    440701514    440753036    441187259    430645945    436388698    436526370    436651343
437352479    438192429    440650018    440701530    440753200    441187267    430645960    436388714    436526388    436651350

Loan
Number

   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
436778187    436907711    437035090    437162886    440966190    441107943    441322740    441535804    441738101    441907870
436778195    436907729    437035108    437162894    440966224    441107950    441322765    441535812    441738119    441907888
436778203    436907745    437035124    437162910    440966232    441107968    441322773    441535820    441738143    441907896
436778211    436907752    437035132    437162928    440966257    441107976    441322781    441535861    441738168    441907904
436778278    436907760    437035157    437162936    440966265    441107984    441322799    441535879    441738176    441907912
436778294    436907778    437035165    437162944    440966273    441107992    441322823    441535887    441738184    441907920
436778302    436907802    437035173    437162977    440966281    441108016    441322856    441535895    441738192    441910353
436778328    436907810    437035199    437162985    440966299    441108024    441322864    441535903    441739182    441910361
436778336    436907828    437035207    437162993    440966307    441108040    441322880    441535911    441739265    441910379
436778344    436907836    437035215    437163025    440966323    441108057    441326352    441535937    441740396    441910387
436778351    436913552    437035231    437163041    440966356    441108065    441326360    441535945    441741147    441910395
436778369    436913560    437035256    437163058    440966364    441108073    441326378    441535952    441741154    441913803
436778385    436913586    437035272    437163066    440966380    441112232    441329935    441535978    441741162    441913811
436778393    436913594    437035280    437163074    440966398    441112240    441329943    441535986    441741170    441914751
436778401    436913610    437035298    437163082    440966406    441112257    441329950    441535994    441741188    441916111
436778427    436913636    437035306    437163090    440966414    441112265    441329968    441536000    441741196    441916129
436778435    436913644    437035314    437163108    440966448    441112307    441329976    441536018    441741204    441916137
436778443    436913651    437035322    437163116    440966455    441112315    441329984    441536026    441741212    441916152
436778468    436913669    437035330    437163124    440966471    441112323    441329992    441536034    441741220    441916178
436778484    436913677    437035363    437163132    440966489    441112331    441330016    441536042    441741238    441916186
436778492    436913685    437035371    437163157    440966505    441112380    441330032    441536059    441741246    441916202
436778500    436913693    437035397    437163165    440966513    441112398    441330057    441536083    441741253    441916210
436778518    436913701    437035405    437163173    440966539    441112406    441330065    441536091    441741287    441916236
436778534    436913727    437035413    437163181    440966554    441112430    441330941    441536109    441743549    441916244
436778542    436913735    437035421    437163199    440966570    441112448    441330958    441536125    441743556    441916285
436778864    436913743    437035447    437165087    440966596    441112455    441330974    441536133    441743580    441916293
436778880    436913750    437035470    437165111    440966604    441114410    441331022    441536141    441743598    441916301
436778898    436913768    437035496    437165129    440966612    441114436    441331048    441536166    441743606    441916319
436778906    436913784    437035512    437165137    440966620    441114444    441331055    441536174    441743614    441916327
436778914    436913792    437035538    437165145    440966638    441114451    441331071    441536182    441743630    441916335
436778922    436913800    437035553    437165160    440966653    441114501    441331089    441540374    441743648    441916343
436778948    436913818    437035587    437165178    440966661    441114519    441331121    441543964    441743655    441916368
436778989    436913826    437035595    437165194    440966695    441114527    441331154    441543972    441743663    441916640
436783427    436913834    437035603    437165202    440969889    441114535    441331162    441543998    441744133    441916657
436783435    436916712    437035629    437165210    440971547    441114543    441331170    441544012    441744141    441916673
436783443    436916738    437035637    437165244    440971778    441114550    441331188    441544020    441744158    441916699
436783468    436916779    437035678    437165251    440971802    441114576    441331196    441544038    441744174    441916707
436783484    436916787    437035694    437165269    440971810    441114584    441334455    441544533    441744182    441916715
436783492    436916795    437036692    437165301    440971828    441114659    441334463    441544541    441744208    441916723
436783500    436916803    437036718    437165319    440971836    441114675    441334471    441544558    441744216    441916749
436783518    436916811    437036726    437165327    440971844    441114683    441334489    441544566    441744224    441916756
436783526    436916837    437036734    437165343    440971851    441114691    441334497    441544574    441744240    441916764
436783559    436916845    437036742    437165368    440971869    441114709    441338019    441544582    441744257    441916780
436783567    436916860    437036759    437165384    440971885    441114725    441338027    441544590    441744273    441916798
436783583    436916878    437036767    437165392    440971893    441114733    441338035    441544608    441744307    441916806
436783591    436916886    437036783    437165400    440971901    441114741    441338043    441544616    441744315    441916814
436783609    436916902    437036791    437165418    440971919    441114758    441338050    441544624    441744323    441916822
436783617    436916910    437036809    437165426    440971927    441114774    441338068    441544640    441745916    441916830
436783625    436916928    437036825    437165434    440971943    441114782    441338076    441544657    441746955    441916848
436783641    436916944    437036833    437165442    440971950    441114790    441338084    441544665    441747326    441916855
436783658    436916951    437036841    437165467    440976652    441114808    441338100    441544673    441747334    441916863
436783666    436916977    437036866    437165475    440976678    441114824    441338118    441544681    441747342    441916871
436783690    436916993    437036874    437165483    440976694    441114832    441338126    441544699    441747359    441916889
436783740    436917017    437036882    437165509    440976728    441114840    441338142    441544707    441747367    441916897
436783757    436917025    437036908    437165525    440976744    441114857    441339157    441544715    441747375    441916905
436783765    436917033    437036916    437165533    440976801    441114865    441339165    441544749    441747391    441916913
436783773    436917041    437036924    437165541    440976827    441114881    441339207    441544756    441747409    441917747
436783815    436917058    437036932    437165574    440976835    441114899    441339215    441548732    441749868    441917911
436783823    436917066    437036940    437165582    440976843    441114907    441339223    441552296    441749876    441921848
436784755    436917074    437036957    437165590    440976850    441114923    441339231    441552304    441749900    441921863
436784789    436917090    437036965    437165632    440976868    441114949    441339249    441552312    441749918    441922374
436784797    436917116    437036973    437165640    440976876    441114964    441339256    441552320    441749934    441922382
436784821    436917124    437036999    437165657    440976884    441114972    441339272    441552338    441749942    441922424
436784839    436917132    437037005    437165673    440976900    441115003    441339280    441552346    441750429    441922432
436784847    436917157    437037021    437165681    440976926    441120250    441339298    441552353    441750445    441922457
436784854    436917173    437037047    437165707    440976942    441120268    441339306    441552361    441750460    441922465
436784870    436917181    437037062    437165715    440976959    441120276    441339322    441552387    441750478    441922473
436784888    436917199    437037070    437165723    440976983    441120284    441339355    441552395    441750486    441922481
436784904    436917207    437037096    437165756    440977007    441120292    441339371    441552403    441750494    441922499
436784912    436917231    437037112    437171044    440977015    441120318    441339389    441553195    441750502    441922515
436784920    436917256    437037138    437171051    440977023    441120326    441339397    441553203    441750528    441922523
436784938    436917280    437037146    437171069    440977056    441120367    441339405    441553211    441750544    441922531
436784946    436917306    437037153    437171077    440977080    441120383    441339439    441553229    441750551    441922556

 

SCH-A-12


Total Initial Cut

 

Loan
Number

   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number

437352826

   438192437    440650307    440701548    440753309    441187317    430646083    436388722    436526396    436651368

437352974

   438192445    440650315    440701563    440753317    441187341    430646257    436388730    436526412    436651376

437352982

   438192502    440650364    440701621    440753341    441192986    430646372    436388748    436526420    436651384

437353089

   438192585    440650398    440701688    440753358    441192994    430646638    436388755    436526438    436651392

437353220

   438192593    440650422    440701696    440753515    441193026    430646828    436388789    436526453    436651400

437353329

   438192619    440650463    440701720    440753614    441193059    430647032    436388805    436526461    436651418

437353527

   438192650    440650471    440701795    440753663    441193075    430647172    436388821    436526487    436651434

437353568

   438192668    440650489    440701845    440753887    441193117    430647305    436388839    436526495    436651459

437353592

   438192817    440650505    440701902    440753895    441193125    430647396    436388854    436526503    436651467

437353667

   438192841    440650539    440701944    440753929    441193240    430647644    436388870    436526511    436651517

437353790

   438192858    440650547    440702074    440753937    441193265    430648295    436388888    436526537    436651558

437353808

   438192874    440650596    440702090    440754000    441193307    430648790    436388896    436526545    436651566

437353816

   438192908    440650646    440702116    440754034    441193356    430648915    436388904    436526552    436651574

437353824

   438192957    440650661    440702140    440754042    441193364    430649525    436388920    436526578    436651590

437353956

   438193039    440650679    440702157    440754067    441193521    430649764    436388938    436526594    436651608

437353972

   438193146    440650760    440702181    440754091    441193547    430651240    436388953    436526628    436651616

437354095

   438193195    440650802    440702215    440754141    441193836    430651844    436388961    436526636    436651632

437354186

   438193245    440650828    440702231    440754190    441193885    430651901    436389001    436526651    436651657

437354210

   438193351    440650950    440702264    440754216    441194032    430652628    436389027    436526669    436651681

437354285

   438193492    440651016    440702272    440754257    441194057    430653303    436389035    436526677    436651699

437354350

   438193518    440651032    440702330    440754281    441194099    430653345    436389043    436526685    436651707

437354459

   438193526    440651131    440702348    440754299    441194131    430653584    436389050    436526727    436651715

437354475

   438193542    440651149    440702371    440754323    441194180    430653824    436389076    436526735    436651731

437354665

   438193807    440651230    440702397    440754331    441194800    430653915    436389100    436526743    436651756

437354756

   438193955    440651289    440702421    440754356    441194925    430655480    436389118    436526768    436651772

437354921

   438194045    440651354    440702447    440754521    441194982    430655936    436389126    436526784    436651780

437355027

   438194052    440651503    440702538    440754547    441194990    430655993    436389134    436526792    436651798

437355035

   438194276    440651669    440702546    440754612    441195047    430656140    436389159    436526818    436651814

437355126

   438194342    440651776    440702587    440754638    441195054    430656199    436389167    436526826    436651822

437355324

   438194664    440651826    440702595    440754794    441195070    430657007    436389191    436526859    436651830

437355357

   438194714    440651834    440702611    440754893    441200920    430657502    436389209    436526875    436651863

437355381

   438194763    440651842    440702629    440754992    441200938    430657601    436389217    436526883    436651871

437355415

   438194847    440651867    440702637    440755031    441201001    430657759    436389225    436526891    436651897

437355530

   438195406    440652022    440702652    440755056    441201241    430657767    436389241    436526909    436651921

437355605

   438195943    440652204    440702660    440755122    441201290    430658286    436389258    436526925    436656938

437355910

   438197097    440652220    440702710    440755163    441201407    430658336    436389282    436526933    436656953

437355977

   438197501    440652311    440702736    440755221    441201431    430658567    436389290    436526966    436656961

437356033

   438197519    440652444    440702744    440755270    441201480    430658781    436389332    436526982    436656995

437356041

   438197659    440652451    440702751    440755288    441201555    430658864    436389340    436527014    436657001

437356058

   438198525    440652485    440702785    440755296    441201886    430659102    436389357    436531370    436657019

437356074

   438199283    440652501    440702793    440755312    441201894    430659409    436389373    436531388    436657035

437356090

   438199911    440652519    440702843    440755353    441201902    430659912    436389407    436531396    436657050

437356199

   438199986    440652659    440702884    440755403    441202769    430660209    436389415    436531404    436657068

437356215

   438200644    440652675    440702892    440755478    441202785    430660340    436389423    436531446    436657092

437356272

   438200701    440652741    440702900    440755536    441202819    430660415    436389449    436531453    436657142

437356348

   438201089    440652758    440702918    440755544    441202827    430660506    436389480    436531461    436657159

437356488

   438201287    440652782    440703031    440755577    441202835    430660969    436389498    436531487    436657183

437356504

   438201360    440652816    440703114    440755643    441202843    430661157    436389514    436531495    436661680

437356611

   438201477    440652832    440703155    440755668    441202967    430661264    436389522    436531503    436661698

437356819

   438201550    440652857    440703171    440755775    441207875    430661371    436389530    436531511    436661722

437356850

   438201683    440652899    440703239    440755791    441207925    430661405    436394357    436531529    436661730

437356884

   438201709    440652964    440703247    440755817    441207982    430661819    436394365    436531545    436661748

437356892

   438201741    440652998    440703296    440755973    441208048    430661934    436394373    436531552    436661755

437356926

   438201899    440653061    440703346    440756013    441208170    430662395    436394399    436531560    436661763

437356975

   438202053    440653095    440703353    440756252    441208204    430662882    436394415    436531586    436661789

437356983

   438202202    440653103    440703387    440756294    441208311    430663088    436394464    436531594    436661797

437357023

   438202368    440653178    440703403    440756377    441208329    430663104    436394480    436531602    436661805

437357031

   438202608    440653228    440703478    440756385    441208345    430663377    436394506    436536916    436661813

437357064

   438202780    440653251    440703528    440756393    441208386    430663401    436394514    436536940    436661821

437357197

   438202806    440653285    440703551    440756401    441208477    430663666    436398564    436536957    436661839

437357205

   438202830    440653434    440703627    440756419    441208535    430663799    436398630    436536965    436661847

437357213

   438203176    440653442    440703643    440756559    441208592    430663930    436401608    436536981    436662654

437357239

   438203267    440653475    440703650    440756591    441209806    430664631    436401616    436536999    436662688

437357296

   438203465    440653483    440703700    440756674    441209822    430664680    436401640    436537005    436662696

437357429

   438203499    440653491    440703718    440756708    441209863    430664698    436401657    436538193    436662720

437357437

   438204109    440653509    440703742    440756732    441209905    430664748    436401665    436538235    436662738

437357460

   438204364    440653541    440703783    440756757    441209962    430664953    436401673    436538250    436662753

437357502

   438204851    440653558    440703809    440756765    441216199    430665042    436403992    436538268    436662761

437357551

   438205148    440653590    440703874    440757664    441216223    430665422    436404008    436538292    436662779

437357668

   438205791    440653608    440703908    440757672    441216231    430666644    436404024    436538300    436662787

437357718

   438206773    440653731    440703916    440757979    441216298    430667428    436404032    436538326    436662795

437357833

   438207672    440653756    440703932    440758001    441216512    430667568    436404057    436538334    436662803

437357981

   438207870    440653798    440703999    440758019    441216710    430668012    436404065    436538359    436662811

 

Loan
Number

   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number

436784953

   436917348    437037161    437171093    440977098    441125168    441339454    441553245    441750569    441922564

436784961

   436917371    437037179    437171119    440979482    441125176    441339462    441553252    441750577    441922598

436784979

   436917389    437037195    437176910    440979508    441125184    441339470    441553260    441750585    441922614

436785000

   436917405    437037203    437176928    440979516    441125192    441339488    441553278    441750593    441922622

436785018

   436917413    437037245    437176951    440979524    441125200    441339496    441553286    441750601    441922630

436785034

   436917447    437037286    437176969    440979532    441125218    441339504    441553294    441753720    441922648

436785042

   436917454    437037294    437176977    440979565    441125226    441339512    441553302    441753746    441922655

436785067

   436917470    437037302    437176993    440979573    441125234    441339520    441553336    441753753    441922689

436785075

   436917488    437037310    437177009    440979581    441125259    441343761    441553344    441753761    441922697

436785083

   436917496    437037328    437177017    440979599    441125267    441343779    441553351    441755550    441922705

436785109

   436917504    437037336    437177025    440979615    441125275    441347952    441553377    441755576    441922713

436785117

   436917520    437037351    437177041    440979631    441125283    441347994    441553385    441755584    441922721

436785141

   436917538    437042450    437177066    440979649    441125291    441348000    441553393    441755592    441922739

436785166

   436917546    437042468    437177082    440979656    441125309    441348018    441553401    441755600    441922747

436785174

   436917553    437042476    437177090    440979664    441125325    441348026    441553427    441755618    441922754

436785182

   436917561    437042500    437177116    440979680    441125341    441348042    441553443    441755626    441922762

436785190

   436917587    437042518    437177124    440979706    441125374    441348059    441553450    441755634    441922770

436785208

   436917595    437042526    437177132    440979714    441125390    441348067    441553468    441755642    441923893

436785224

   436917611    437042534    437177157    440979722    441125408    441348075    441556859    441755659    441925542

436785232

   436917629    437042542    437177165    440979730    441125416    441348091    441560984    441755667    441926250

436785240

   436917637    437046832    437177173    440979748    441125424    441349206    441560992    441755675    441927878

436785257

   436917645    437046857    437177181    440979755    441127529    441349214    441561008    441755683    441927886

436785281

   436917652    437046881    437177199    440979771    441127545    441349222    441561016    441755691    441927894

436785299

   436917660    437046899    437177215    440979789    441127552    441349230    441561024    441755717    441927936

436785307

   436917678    437046907    437177223    440979797    441127560    441349248    441561032    441755733    441927944

436785323

   436917686    437046923    437177249    440979813    441127578    441349255    441561677    441755741    441928686

436785331

   436917694    437046931    437177264    440979839    441127594    441349271    441561685    441755758    441928694

436785356

   436917702    437046956    437177280    440979854    441127602    441349289    441561693    441755766    441928702

436788293

   436917710    437046980    437177314    440979862    441127610    441349297    441561701    441755972    441928710

436791008

   436917736    437046998    437177322    440979870    441127628    441349313    441561719    441755980    441928728

436791016

   436917751    437047004    437177355    440979896    441127636    441349321    441561727    441755998    441928736

436791024

   436917777    437047012    437177371    440979904    441127651    441349339    441561750    441756004    441928751

436791032

   436917793    437047046    437177397    440979920    441127669    441349347    441561768    441756012    441928769

436791040

   436917801    437047053    437177439    440979946    441127677    441349354    441561784    441756020    441928777

436791057

   436917819    437047087    437177454    440979953    441127685    441349362    441561800    441756053    441928785

436791073

   436917835    437047095    437177462    440979979    441127693    441349388    441561818    441756079    441928793

436794978

   436917843    437047111    437177470    440979987    441127719    441349412    441561826    441758729    441928801

436794986

   436917884    437047152    437177488    440980001    441127727    441349446    441561834    441758737    441928819

436795009

   436917892    437047178    437177496    440980027    441127768    441349453    441561842    441758745    441928827

436795017

   436917926    437047186    437177512    440980035    441127776    441349461    441561867    441758752    441928835

436795025

   436917934    437047194    437177546    440980043    441127792    441349479    441561875    441758760    441928850

436795033

   436917942    437047236    437177553    440980050    441127800    441349487    441561883    441758786    441932464

436795041

   436917959    437047251    437177561    440980084    441127818    441349495    441561909    441758802    441932498

436795058

   436917967    437048333    437177579    440980092    441127826    441349503    441561917    441758828    441932506

436795066

   436917975    437048341    437177587    440980100    441127834    441349511    441561925    441758836    441932514

436795074

   436917983    437048366    437177595    440980118    441127867    441354156    441561933    441758844    441932886

436795082

   436917991    437048374    437177769    440980126    441127875    441354172    441561941    441758851    441932902

436795108

   436918007    437048382    437178288    440985612    441127883    441354180    441561966    441758869    441932910

436795140

   436918023    437048390    437179922    440986099    441127909    441354214    441561974    441760899    441932936

436795157

   436918031    437048416    437179948    440986107    441127925    441354222    441568466    441760923    441932951

436795165

   436918049    437048440    437179955    440986115    441127933    441354230    441568474    441760931    441932977

436795173

   436918064    437048457    437179971    440986131    441127958    441355518    441568482    441760949    441936481

436795181

   436918072    437048465    437180003    440986156    441127966    441355526    441568490    441760956    441937216

436795207

   436918080    437048473    437180011    440986164    441127982    441355559    441569068    441760980    441937224

436795215

   436918098    437048481    437180029    440986172    441133121    441355575    441569076    441760998    441937232

436795249

   436918106    437048507    437180045    440986180    441133139    441355872    441569084    441761004    441937844

436795256

   436918114    437048523    437180052    440986198    441133147    441355880    441569092    441761293    441937851

436795264

   436918122    437048531    437180060    440991362    441133154    441355898    441569100    441761301    441937869

436795298

   436918163    437048549    437180086    440991370    441133162    441355906    441569118    441761319    441937893

436795306

   436918171    437048556    437180102    440991388    441133170    441355922    441569134    441761327    441937919

436795322

   436918189    437048564    437180110    440991396    441133204    441355930    441569142    441761335    441937927

436795363

   436922843    437048580    437180128    440991412    441133212    441355955    441569159    441761368    441937935

436795371

   436922868    437048598    437180144    440991420    441133246    441355989    441569167    441761376    441939279

436795389

   436922876    437048614    437180151    440991479    441133253    441355997    441569175    441761392    441940715

436796460

   436922884    437048648    437180169    440991487    441133261    441356003    441569183    441761400    441942687

436796478

   436922942    437048663    437180177    440991511    441133279    441356011    441569191    441764198    441942893

436796494

   436922959    437048705    437180193    440991529    441133287    441356037    441569225    441764206    441946027

436796528

   436922975    437048713    437180201    440991545    441133295    441356052    441569233    441764230    441946043

436796544

   436927016    437048739    437180219    440991560    441133311    441356060    441569241    441764248    441948155

436796551

   436927909    437048747    437180227    440991578    441133329    441356078    441569266    441764255    441948171

436796577

   436927925    437048762    437180235    440991594    441133337    441356086    441569282    441765898    441951845

436796585

   436927933    437048770    437180243    440991610    441133352    441356094    441569290    441765906    441951852

436796619

   436927958    437048804    437180250    440991636    441133360    441356102    441569308    441765914    441951860

 

SCH-A-13


Total Initial Cut

 

Loan
Number

   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
437358013    438208258    440653806    440704005    440758084    441216744    430668673    436404073    436538367    436662845
437358039    438208324    440653830    440704047    440758175    441216793    430668681    436404081    436538375    436662860
437358062    438209348    440653897    440704062    440758209    441216843    430668780    436404107    436538425    436662878
437358088    438210510    440653921    440704088    440758225    441216918    430668947    436404115    436538433    436662886
437358187    438210817    440654010    440704096    440758258    441217007    430669440    436404123    436538441    436662894
437358229    438211294    440654267    440704104    440758324    441217049    430669861    436404149    436538474    436662902
437358278    438212201    440654317    440704120    440758456    441217056    430670273    436404156    436538482    436662910
437358393    438212995    440654457    440704146    440758530    441217064    430670349    436404164    436538490    436662928
437358476    438213480    440654523    440704153    440758555    441217106    430670380    436404180    436538524    436662936
437358534    438213837    440654549    440704179    440758613    441218062    430670711    436404198    436538532    436662944
437358542    438214298    440654945    440704187    440758662    441218153    430670992    436404206    436538540    436662951
437358567    438214496    440655132    440704195    440758779    441218211    430672006    436404214    436538565    436662969
437358641    438214884    440655157    440704211    440758811    441218229    430672261    436404222    436538573    436662977
437358799    438215295    440655371    440704310    440758936    441218237    430672667    436404230    436538599    436662985
437358864    438215527    440655389    440704344    440758977    441218252    430674259    436404248    436538607    436662993
437358872    438215535    440655447    440704401    440759017    441218286    430674309    436404255    436538615    436663025
437358914    438215832    440655496    440704435    440759124    441218294    430674390    436404263    436538623    436663033
437358930    438215865    440655587    440704450    440759140    441218344    430674721    436404289    436538631    436663074
437358989    438216160    440655694    440704484    440759157    441218369    430674846    436404305    436538649    436663082
437359086    438216178    440655728    440704500    440759249    441218377    430674937    436404321    436538656    436663108
437359136    438216277    440655843    440704526    440759256    441218401    430675587    436404339    436538664    436663116
437359144    438216418    440655884    440704542    440759363    441218419    430675793    436404362    436538672    436663140
437359185    438216434    440655892    440704591    440759405    441218427    430675819    436404388    436538680    436663157
437359391    438216491    440655959    440704658    440759413    441218435    430675942    436404396    436538706    436663165
437359441    438216525    440655991    440704666    440759439    441218450    430676320    436404420    436538722    436663181
437359508    438216533    440656221    440704682    440759447    441218500    430676346    436404438    436538730    436663199
437359631    438216558    440656262    440704716    440759488    441223906    430676775    436404495    436538748    436663215
437359664    438216566    440656288    440704732    440759512    441223914    430676866    436404503    436538755    436663249
437359722    438216756    440656346    440704740    440759520    441224011    430676924    436404511    436538763    436663264
437359789    438216764    440656403    440704781    440759538    441224367    430677062    436404529    436538771    436663272
437359797    438216806    440656494    440704799    440759546    441224458    430677138    436404545    436538789    436663280
437359805    438216848    440656502    440704856    440759603    441224490    430677203    436404560    436538797    436663298
437359870    438217085    440656544    440704864    440759744    441224599    430677419    436404578    436538813    436663306
437359904    438217200    440656783    440704872    440759876    441224698    430677609    436404586    436538839    436663322
437359912    438217234    440656817    440704880    440759983    441224714    430677625    436404594    436538847    436663330
437359938    438217333    440656833    440704898    440760007    441224748    430677922    436404628    436538870    436663348
437360001    438217432    440656841    440704914    440761039    441224847    430678037    436404636    436538896    436663363
437360084    438217622    440656882    440704948    440761047    441224862    430678052    436404651    436538904    436663405
437360167    438217978    440657021    440704971    440761062    441224938    430678094    436404677    436538920    436663421
437360191    438218026    440657039    440705002    440761096    441225042    430678185    436404735    436538946    436663439

Loan
Number

   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
   Loan
Number
436796627    436927966    437048812    437180268    440991644    441133378    441356110    441569324    441765922    441951878
436796643    436927974    437048820    437180276    440991651    441133394    441356128    441569332    441765948    441951886
436796676    436927990    437048838    437180284    440991669    441133402    441356136    441569340    441765955    441951894
436796692    436928006    437048846    437180292    440991677    441133410    441356144    441569357    441765963    441951902
436796700    436928048    437048853    437180326    440991685    441133428    441356151    441569365    441765971    441951910
436796734    436928055    437048861    437180334    440991701    441133444    441356169    441569373    441765989    441951928
436796767    436928063    437048879    437180359    440991727    441133485    441356177    441569381    441766292    441954336
436796783    436928089    437048887    437180383    440991735    441133501    441356185    441576493    441766318    441954344
436796791    436928097    437048895    437180391    440991743    441133519    441356219    441576501    441766334    441954351
436796809    436928105    437048903    437180409    440991768    441138690    441356227    441576519    441766342    441954369
436796833    436928139    437048929    437180417    440991784    441138708    441356235    441576543    441766375    441954385
436796841    436928147    437048937    437180425    440991800    441138716    441356243    441576550    441766383    441954393
436796866    436928162    437048960    437180433    440991834    441138724    441356250    441576576    441766391    441960903
436796874    436928170    437048978    437180441    440991875    441138732    441356276    441576584    441766409    441960911
436796882    436928188    437048986    437180458    440991891    441138757    441356284    441576592    441766417    441963949
436796908    436928204    437051238    437180466    440991909    441138765    441356292    441577103    441766425    441966165
436796916    436928212    437054125    437180490    440991917    441138773    441361482    441577111    441766433    441966173
436796924    436928220    437054133    437180508    440991925    441138799    441361490    441577129    441766441    441966181
436796965    436928253    437054141    437180516    440995041    441138807    441361508    441577145    441766458    441966546
436796973    436928261    437054158    437180524    440995066    441138815    441361516    441577152    441766466    441966553
436797005    436928295    437054166    437180540    440995074    441138831    441361532    441577160    441766474    441969169
436797021    436928303    437054190    437180565    440995090    441138849    441361540    441577186    441766482    441970985
436797039    436928311    437054216    437180581    440995108    441138856    441361581    441577202    441766490    441971009
436797047    436928337    437054224    437180599    440995116    441138864    441361599    441577210    441766516    441987898
436797062    436928345    437054240    437180607    440995132    441138872    441361607    441577228    441766524   
436797088    436928352    437054257    437180623    440995140    441140878    441364866    441577244    441766532   
436797096    436928378    437054265    437186091    440995157    441140886    441364874    441577277    441766540   
436801104    436928386    437054273    437186232    440995181    441140894    441365913    441577285    441766557   
436802334    436928394    437054281    437187800    440995199    441140902    441365921    441577293    441768207   
436802359    436928402    437058829    437187818    440995207    441140928    441365939    441577301    441769288   
436802375    436928410    437058852    437187826    440995215    441140936    441365947    441577319    441769619   
436802391    436928428    437058860    437187834    440995223    441140951    441365954    441577368    441769734   
436802417    436928436    437058886    437187842    440995231    441140969    441365962    441577376    441769759   
436802425    436928444    437058894    437187859    440995249    441140977    441365970    441577384    441771631   
436802433    436928451    437058902    437187867    440995256    441141009    441365988    441579943    441771862   
436802466    436928477    437058928    437187883    440995264    441141017    441365996    441579968    441771870   
436802482    436928485    437058936    437187891    440995280    441141025    441366002    441579976    441771888   
436802490    436928501    437058944    437187933    440995298    441141033    441366010    441579984    441771896   
436805493    436928519    437058951    437187958    440995306    441141041    441366028    441583317    441772217   
436806517    436928527    437058969    437187966    440995314    441141058    441366044    441583325    441772225   

 

SCH-A-14


SCHEDULE B

REPRESENTATIONS AND WARRANTIES OF THE SELLER AND THE SERVICER

1. Characteristics of Receivables. Each Receivable (A) was originated (i) by AmeriCredit, (ii) by an Originating Affiliate and was validly assigned by such Originating Affiliate to AmeriCredit (iii) by a Dealer and purchased by AmeriCredit from such Dealer under an existing Dealer Agreement or pursuant to a Dealer Assignment with AmeriCredit and was validly assigned by such Dealer to AmeriCredit pursuant to a Dealer Assignment or (iv) by a Third-Party Lender and purchased by AmeriCredit from such Third-Party Lender under an existing Auto Loan Purchase and Sale Agreement or pursuant to a Third-Party Lender Assignment with AmeriCredit and was validly assigned by such Third-Party Lender to AmeriCredit pursuant to a Third-Party Lender Assignment (B) was originated by AmeriCredit, such Originating Affiliate, such Dealer or such Third-Party Lender for the retail sale of a Financed Vehicle in the ordinary course of AmeriCredit’s, such Originating Affiliate’s, the Dealer’s or the Third-Party Lender’s business, in each case was originated in accordance with AmeriCredit’s credit policies and was fully and properly executed by the parties thereto, and AmeriCredit, each Originating Affiliate, each Dealer and each Third-Party Lender had all necessary licenses and permits to originate Receivables in the state where AmeriCredit, each such Originating Affiliate, each such Dealer or each such Third-Party Lender was located, (C) contains customary and enforceable provisions such as to render the rights and remedies of the holder thereof adequate for realization against the collateral security, (D) is a Receivable which provides for level monthly payments (provided that the period in the first Collection Period and the payment in the final Collection Period of the Receivable may be minimally different from the normal period and level payment) which, if made when due, shall fully amortize the Amount Financed over the original term and (E) has not been amended or collections with respect to which waived, other than as evidenced in the Receivable File or the Servicer’s electronic records relating thereto.

2. No Fraud or Misrepresentation. Each Receivable was originated (i) by AmeriCredit, (ii) by an Originating Affiliate and was assigned by the Originating Affiliate to AmeriCredit, (iii) by a Dealer and was sold by the Dealer to AmeriCredit, or (iv) by a Third-Party Lender and was sold by the Third-Party Lender to AmeriCredit, and was sold by AmeriCredit to the Seller without any fraud or misrepresentation on the part of Originating Affiliate, Dealer or Third-Party Lender or AmeriCredit in any case.

3. Compliance with Law. All requirements of applicable federal, state and local laws, and regulations thereunder (including, without limitation, usury laws, the Federal Truth-in-Lending Act, the Equal Credit Opportunity Act, the Fair Credit Billing Act, the Fair Credit Reporting Act, the Fair Debt Collection Practices Act, the Federal Trade Commission Act, the Moss-Magnuson Warranty Act, the Federal Reserve Board’s Regulations “B” and “Z” (including amendments to the Federal Reserve’s Official Staff Commentary to Regulation Z, effective October 1, 1998, concerning negative equity loans), the Servicemembers Civil Relief Act, each applicable state Motor Vehicle Retail Installment Sales Act, and state adaptations of the National Consumer Act and of the Uniform Consumer Credit Code and other consumer credit laws and equal credit opportunity and disclosure laws) in respect of the Receivables and the Financed Vehicles, have been complied with in all material respects, and each Receivable and the sale of the Financed Vehicle evidenced by each Receivable complied at the time it was originated or made and now complies in all material respects with all applicable legal requirements.

 

SCH-B-1


4. Origination. Each Receivable was originated in the United States.

5. Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation of the Obligor thereon, enforceable by the holder thereof in accordance with its terms, except (A) as enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law and (B) as such Receivable may be modified by the application after the Cutoff Date of the Servicemembers Civil Relief Act, as amended; and all parties to each Receivable had full legal capacity to execute and deliver such Receivable and all other documents related thereto and to grant the security interest purported to be granted thereby.

6. No Government Obligor. No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.

7. Obligor Bankruptcy. At the Cutoff Date no Obligor had been identified on the records of AmeriCredit as being the subject of a current bankruptcy proceeding.

8. Schedule of Receivables. The information set forth in the Schedule of Receivables has been produced from the Electronic Ledger and was true and correct in all material respects as of the close of business on the Cutoff Date.

9. Marking Records. Each of AmeriCredit and the Seller has indicated in its files that the Receivables have been sold to the Trust pursuant to the Sale and Servicing Agreement and Granted to the Trust Collateral Agent pursuant to the Indenture. Further, AmeriCredit has indicated in its computer files that the Receivables are owned by the Trust.

10. Computer Tape. The Computer Tape made available by the Seller to the Trust on the Closing Date was complete and accurate as of the Cutoff Date and includes a description of the same Receivables that are described in the Schedule of Receivables.

11. Adverse Selection. No selection procedures adverse to the Noteholders were utilized in selecting the Receivables from those receivables owned by the Seller which met the selection criteria set forth in clauses (A) through (M) of number 29 of this Schedule B.

12. Chattel Paper. The Receivables constitute “tangible chattel paper” or “electronic chattel paper” within the meaning of the UCC as in effect in the States of Texas, New York, Nevada and Delaware.

13. One Original. There is only one original executed copy (or with respect to “electronic chattel paper”, one authoritative copy) of each Contract. With respect to Contracts that are “electronic chattel paper”, each authoritative copy (a) is unique, identifiable and unalterable (other than with the participation of the Trust Collateral Agent in the case of an addition or amendment of an identified assignee and other than a revision that is readily identifiable as an authorized or unauthorized revision), (b) has been marked with a legend to the following effect: “Authoritative Copy” and (c) has been communicated to and is maintained by or on behalf of the Custodian.

 

SCH-B-2


14. Not an Authoritative Copy. With respect to Contracts that are “electronic chattel paper”, the Seller has marked all copies of each such Contract other than an authoritative copy with a legend to the following effect: “This is not an authoritative copy.”

15. Revisions. With respect to Contracts that are “electronic chattel paper”, the related Receivables have been established in a manner such that (a) all copies or revisions that add or change an identified assignee of the authoritative copy of each such Contract must be made with the participation of the Trust Collateral Agent and (b) all revisions of the authoritative copy of each such Contract are readily identifiable as an authorized or unauthorized revision.

16. Pledge or Assignment. With respect to Contracts that are “electronic chattel paper”, the authoritative copy of each Contract communicated to the Custodian has no marks or notations indicating that it has been pledged, assigned or otherwise conveyed to any Person other than the Trust Collateral Agent.

17. Receivable Files Complete. There exists a Receivable File pertaining to each Receivable and such Receivable File contains the original Lien Certificate or a copy of the application therefor. Related documentation concerning the Receivable, including any documentation regarding modifications of the Contract, will be maintained electronically by the Servicer in accordance with customary policies and procedures. Each of such documents which is required to be signed by the Obligor has been signed by the Obligor in the appropriate spaces. All blanks on any form have been properly filled in and each form has otherwise been correctly prepared. With respect to any Receivables that are tangible chattel paper, the complete Receivable File, including a fully executed original of the Contract, for each Receivable currently is in the possession of the Custodian.

18. Receivables in Force. No Receivable has been satisfied, subordinated or rescinded, and the Financed Vehicle securing each such Receivable has not been released from the lien of the related Receivable in whole or in part. No terms of any Receivable have been waived, altered or modified in any respect since its origination, except by instruments or documents identified in the Receivable File or the Servicer’s electronic records.

19. Lawful Assignment. No Receivable was originated in, or is subject to the laws of, any jurisdiction the laws of which would make unlawful, void or voidable the sale, transfer and assignment of such Receivable under this Agreement or pursuant to transfers of the Notes.

20. Good Title. Immediately prior to the conveyance of the Receivables to the Trust pursuant to this Agreement, the Seller was the sole owner thereof and had good and indefeasible title thereto, free of any Lien and, upon execution and delivery of this Agreement by the Seller, the Trust shall have good and indefeasible title to and will be the sole owner of such Receivables, free of any Lien. No Dealer or Third-Party Lender has a participation in, or other right to receive, proceeds of any Receivable. The Seller has not taken any action to convey any right to any Person that would result in such Person having a right to payments received under the related Insurance Policies or the related Dealer Agreements, Auto Loan Purchase and Sale Agreements, Dealer Assignments or Third-Party Lender Assignments or to payments due under such Receivables.

 

SCH-B-3


21. Security Interest in Financed Vehicle. Each Receivable created or shall create a valid, binding and enforceable first priority security interest in favor of AmeriCredit (or an Originating Affiliate or a Titled Third-Party Lender which first priority security interest has been assigned to AmeriCredit) in the Financed Vehicle. The Lien Certificate for each Financed Vehicle shows, or if a new or replacement Lien Certificate is being applied for with respect to such Financed Vehicle the Lien Certificate will be received within 180 days of the Closing Date and will show, AmeriCredit (or an Originating Affiliate or a Titled Third-Party Lender) named as the original secured party under each Receivable as the holder of a first priority security interest in such Financed Vehicle. With respect to each Receivable for which the Lien Certificate has not yet been returned from the Registrar of Titles, AmeriCredit or the related Originating Affiliate has applied for or received written evidence from the related Dealer or Third-Party Lender that such Lien Certificate showing AmeriCredit, an Originating Affiliate, the Issuer or a Titled Third-Party Lender, as applicable, as first lienholder has been applied for and the Originating Affiliate’s or Titled Third-Party Lender’s security interest has been validly assigned by the Originating Affiliate or Titled Third-Party Lender, as applicable, to AmeriCredit and AmeriCredit’s security interest (assigned by AmeriCredit to the Seller pursuant to the Purchase Agreement) has been validly assigned by the Seller to the Trust pursuant to this Agreement. This Agreement creates a valid and continuing security interest (as defined in the UCC) in the Receivables in favor of the Trust, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Seller. Immediately after the sale, transfer and assignment by the Seller to the Trust, each Receivable will be secured by an enforceable and perfected first priority security interest in the Financed Vehicle in favor of the Trust Collateral Agent as secured party, which security interest is prior to all other Liens upon and security interests in such Financed Vehicle which now exist or may hereafter arise or be created (except, as to priority, for any lien for taxes, labor or materials affecting a Financed Vehicle). As of the Cutoff Date, there were no Liens or claims for taxes, work, labor or materials affecting a Financed Vehicle which are or may be Liens prior or equal to the Liens of the related Receivable.

22. All Filings Made. All filings (including, without limitation, UCC filings (including, without limitation, the filing by the Seller of all appropriate financing statements in the proper filing office in the State of Nevada under applicable law in order to perfect the security interest in the Receivables granted to the Trust hereunder)) required to be made by any Person and actions required to be taken or performed by any Person in any jurisdiction to give the Trust and the Trust Collateral Agent a first priority perfected lien on, or ownership interest in, the Receivables and the proceeds thereof and the Other Conveyed Property have been made, taken or performed.

23. No Impairment. The Seller has not done anything to convey any right to any Person that would result in such Person having a right to payments due under the Receivables or otherwise to impair the rights of the Trust, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof. Other than the security interest granted to the Trust pursuant to this Agreement and except any other security interests that have been fully

 

SCH-B-4


released and discharged as of the Closing Date, the Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. The Seller has not authorized the filing of and is not aware of any financing statements against the Seller that include a description of collateral covering the Receivables other than any financing statement relating to the security interest granted to the Trust hereunder or that has been terminated. The Seller is not aware of any judgment or tax lien filings against it.

24. 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 the holder thereof with respect to such Receivable.

25. No Defenses. No Receivable is subject to any right of rescission, setoff, counterclaim or defense and no such right has been asserted or threatened with respect to any Receivable.

26. No Default. There has been no default, breach, violation or event permitting acceleration under the terms of any Receivable (other than payment delinquencies of not more than 30 days), and no condition exists or event has occurred and is continuing that with notice, the lapse of time or both would constitute a default, breach, violation or event permitting acceleration under the terms of any Receivable, and there has been no waiver of any of the foregoing. As of the Cutoff Date no Financed Vehicle had been repossessed.

27. Insurance. At the time of an origination of a Receivable by AmeriCredit, an Originating Affiliate, a Dealer or Third-Party Lender, each Financed Vehicle is required to be covered by a comprehensive and collision insurance policy (i) in an amount at least equal to the lesser of (a) its maximum insurable value or (b) the principal amount due from the Obligor under the related Receivable, (ii) naming AmeriCredit (or an Originating Affiliate or a Titled Third-Party Lender) as loss payee and (iii) insuring against loss and damage due to fire, theft, transportation, collision and other risks generally covered by comprehensive and collision coverage. Each Receivable requires the Obligor to maintain physical loss and damage insurance, naming AmeriCredit, an Originating Affiliate or a Titled Third-Party Lender and its successors and assigns as additional insured parties, and each Receivable permits the holder thereof to obtain physical loss and damage insurance at the expense of the Obligor if the Obligor fails to do so. No Financed Vehicle is insured under a policy of Force-Placed Insurance on the related Cutoff Date.

28. Remaining Principal Balance. At the Cutoff Date the Principal Balance of each Receivable set forth in the Schedule of Receivables is true and accurate in all material respects.

29. Certain Characteristics of the Receivables.

(A) Each Receivable had a remaining maturity as of the Cutoff Date of not more than 96 months.

(B) Each Receivable had an original maturity as of the Cutoff Date of not more than 96 monthly payments.

 

SCH-B-5


(C) Each Receivable had a remaining Principal Balance as of the Cutoff Date of at least $250 and not more than $150,000.

(D) Each Receivable had an Annual Percentage Rate as of the Cutoff Date, of at least 1% and not more than 28%.

(E) No Receivable was more than 30 days past due as of the Cutoff Date.

(F) No funds had been advanced by AmeriCredit, any Originating Affiliate, any Dealer, any Third-Party Lender, or anyone acting on behalf of any of them in order to cause any Receivable to qualify under clause (E) above.

(G) Each Obligor had a billing address in the United States as of the date of origination of the related Receivable, is a natural person and is not an Affiliate of any party to the Basic Documents.

(H) Each Receivable is denominated in, and each Contract provides for payment in, United States dollars.

(I) Each Receivable is identified on the Servicer’s master servicing records as a retail automobile installment sales contract.

(J) Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract.

(K) Each Receivable arose under a Contract with respect to which AmeriCredit has performed all obligations required to be performed by it thereunder, and, in the event such Contract is an installment sales contract, delivery of the Financed Vehicle to the related Obligor has occurred.

(L) No automobile related to a Receivable was held in repossession inventory as of the Cutoff Date.

(M) No Obligor was in bankruptcy as of the Cutoff Date.

30. Interest Calculation. Each Contract provides for the calculation of interest payable thereunder under either the “simple interest” method, the “Rule of 78’s” method or the “precomputed interest” method.

31. Lockbox Account. Each Obligor has been, or will be, directed to make all payments on their related Receivable to the Lockbox Processor for deposit into the Lockbox Account.

32. Lien Enforcement. Each Receivable provides for enforcement of the lien or the clear legal right of repossession, as applicable, on the Financed Vehicle securing such Receivable.

 

SCH-B-6


33. Prospectus Supplement Description. Each Receivable conforms, and all Receivables in the aggregate conform, in all material respects to the description thereof set forth in the Prospectus Supplement.

34. Risk of Loss. Each Contract contains provisions requiring the Obligor to assume all risk of loss or malfunction on the related Financed Vehicle, requiring the Obligor to pay all sales, use, property, excise and other similar taxes imposed on or with respect to the Financed Vehicle and making the Obligor liable for all payments required to be made thereunder, without any setoff, counterclaim or defense for any reason whatsoever, subject only to the Obligor’s right of quiet enjoyment.

35. Leasing Business. To the best of the Seller’s and the Servicer’s knowledge, as appropriate, no Obligor is a Person involved in the business of leasing or selling equipment of a type similar to the Obligor’s related Financed Vehicle.

36. Consumer Leases. No Receivable constitutes a “consumer lease” under either (a) the UCC as in effect in the jurisdiction the law of which governs the Receivable or (b) the Consumer Leasing Act, 15 USC 1667.

37. Perfection. The Seller has taken all steps necessary to perfect AmeriCredit’s security interest against the related Obligors in the property securing the Receivables and will take all necessary steps on behalf of the Trust to maintain the Trust’s perfection of the security interest created by each Receivable in the related Financed Vehicle.

 

SCH-B-7


SCHEDULE C

SERVICING POLICIES AND PROCEDURES

Note: Applicable Time Periods Will Vary by State

Compliance with state collection laws is required of all AmeriCredit Collection Personnel. Additionally, AmeriCredit has chosen to follow the guidelines of the Federal Fair Debt Collection Practices Act (FDCPA).

The Collection Process

AmeriCredit mails each customer a monthly billing statement 16 to 20 days before payment is due.

 

A. All accounts are issued to the Computer Assisted Collection System (CACS) at 5 days delinquent or at such other dates of delinquency as determined by historical payment patterns of the account.

 

B. The CACS segregates accounts into two major groups: loans 5-45 days delinquent and those over 45 days delinquent.

 

C. Loans delinquent up to 45 days are then further segregated into two groups: accounts that have good phone numbers and those that do not.

 

D. Loans up to 45 days delinquent are transferred to (AmeriCredit’s predictive dialing system). The system automatically dials the phone number related to a delinquent account for all accounts that have good phone numbers. When a connection is made, the account is then routed to the next available account representative.

 

E. Loans without good phone numbers are called manually, through the CACS system, or in a preview dialer campaign.

 

F. All reasonable collection efforts are made in an attempt to prevent these accounts from becoming 30+ days delinquent – this includes the use of collection letters. Collection letters may be utilized between 5th and 25th days of delinquency.

 

G. When an account reaches 31 days delinquent, a collector determines if any default notification is required in the state where the debtor lives.

 

H. When an account exceeds 45 days delinquent, the loan is assigned to a 46+ collection team which will continue the collection effort until resolution. If the account cannot be resolved through normal collection efforts (i.e., satisfactory payment arrangements) then the account may be submitted for repossession approval. An officer must approve all repossession requests.

 

I. CACS allows each collector to accurately document and update each customer file when contact (verbal or written) is made.

 

SCH-C-1


Repossessions

If repossession of the collateral occurs, the following steps are taken:

 

A. Proper authorities are notified (if applicable).

 

B. An inventory of all personal property is taken and a condition report is prepared on the vehicle.

 

C. Written notification, as required by state law, is sent to the customer(s) stating their rights of redemption or reinstatement along with information on how to obtain any personal property that was in the vehicle at the time of repossession.

 

D. Written request to the originating dealer for all refunds due for dealer adds is made.

 

E. Collateral disposition through public or private sale, (dictated by state law), in a commercially reasonable manner, through a third-party auto auction.

 

F. After the collateral is liquidated, the debtor(s) is notified in writing of the deficiency balance owed, if any.

Use of Due Date Changes

Due dates may be changed subject to the following conditions:

 

A. The account is contractually current or will be brought current with the due date change.

 

B. Due date changes cannot exceed the total of 30 days over the life of the contract.

 

C. The first installment payment has been paid in full.

 

D. Only one due date change in a twelve month period.

Any exceptions to the above stated policy must be approved by the appropriate level of authority.

Use of Payment Deferments

A payment deferral is offered to customers who have the desire and capacity to make future payments but who have encountered temporary financial difficulties.

 

A. A minimum of six payments have been made on the account and a minimum of six payments have been made since the most recent deferment (if any).

 

B. The account will be brought current with the deferment.

 

C. A deferment fee is collected on all transactions.

 

D. No more than eight total payments may be deferred over the life of the loan.

 

SCH-C-2


Any exceptions to the above stated policy must be approved by the appropriate level of authority.

Charge-Offs

It is AmeriCredit’s policy that any account that is not successfully recovered by 120 days delinquent is submitted to an Officer for approval and charge-off.

It is AmeriCredit’s policy to carry all Chapter 13 bankruptcy accounts until 120 days delinquent. A partial charge-off is taken for the unsecured portion of the account. On fully reaffirmed Chapter 7 bankruptcy accounts, the accounts can be deferred current at the time of discharge.

Deficiency Collections

Collections on charged-off accounts are continued internally and/or assigned to third party collection agencies for deficiency balances.

 

SCH-C-3


EXHIBIT A

SERVICER’S CERTIFICATE


AmeriCredit Prime Automobile Receivables Trust 2009-1

Class A-1 .33063% Asset Backed Notes

Class A-2 1.40% Asset Backed Notes

Class A-3 2.21% Asset Backed Notes

Class A-4 2.90% Asset Backed Notes

Class B 3.76% Asset Backed Notes

Class C 4.99% Asset Backed Notes

Servicer’s Certificate

This Servicer’s Certificate has been prepared pursuant to Section 4.9 of the Sale and Servicing Agreement among AmeriCredit Prime Automobile Receivables Trust 2009-1, as Issuer, AmeriCredit Financial Services, Inc., as Servicer, AFS SenSub Corp., as Seller, and Wells Fargo Bank, N.A., as the Backup Servicer and Trust Collateral Agent, dated as of October 21, 2009. Defined terms have the meanings assigned to them in the Sale and Servicing Agreement or in other Transaction Documents.

 

     Purchases    Units    Cut-off Date    Closing Date    Original
Pool Balance
Monthly Period Beginning:               
Monthly Period Ending:               
Prev. Distribution/Close Date:    Initial Purchase            
Distribution Date:               
Days of Interest for Period:    Total            
Days in Collection Period:               
Seasoning/Months Since Closing:               

 

I.    MONTHLY PERIOD RECEIVABLES PRINCIPAL BALANCE CALCULATION:
{1}    Beginning of period Aggregate Principal Balance       {1}     
   Monthly Principal Amounts         
   {2}    Collections on Receivables outstanding at end of period    {2}        
   {3}    Collections on Receivables paid off during period    {3}        
   {4}    Receivables becoming Liquidated Receivables during period    {4}        
   {5}    Receivables becoming Purchased Receivables during period    {5}        
   {6}    Other Receivables adjustments    {6}        
   {7}    Less amounts allocable to Interest    {7}        
   {8}    Total Monthly Principal Amounts       {8}     
{9}    End of period Aggregate Principal Balance       {9}     
{10}    Pool Factor       {10}     

 

               Class A-1    Class A-2    Class A-3    Class A-4
II.    MONTHLY PERIOD NOTE BALANCE CALCULATION:
{11}    Original Note Balance    {11}            
{12}    Beginning of period Note Balance    {12}            
{13}    Noteholders’ Principal Distributable Amount    {13}            
{14}    Noteholders’ Accelerated Principal Amount    {14}            
{15}    Aggregate Principal Parity Amount    {15}            
{16}    Matured Principal Shortfall    {16}            
{17}    End of period Note Balance    {17}            
{18}    Note Pool Factors    {18}            

 

               Class B    Class C    TOTAL
{19}    Beginning of period Note Balance    {19}         
{20}    Noteholders’ Principal Distributable Amount    {20}         
{21}    Noteholders’ Accelerated Principal Amount    {21}         
{22}    Aggregate Principal Parity Amount    {22}         
{23}    Matured Principal Shortfall    {23}         
{24}    End of period Note Balance    {24}         
{25}    Note Pool Factors    {25}         

 

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III.    CALCULATION OF STEP-DOWN AMOUNT:            
{26}    Ending Pool Balance    {26}           
{27}    31.25% of Ending Pool Balance    {27}           
{28}    Less Specified Reserve Balance    {28}           
{29}    Sum of {27}, and {28}    {29}           
{30}    Required Pro Forma Note Balance {26} - {29}    {30}           
{31}    Beginning Note Balance    {31}           
{32}    Total Monthly Principal Amount    {32}           
{33}    Pro Forma Note Balance    {33}           
{34}    Excess of Required Pro-forma over Pro-forma Note Balance    {34}           
{35}    Pool Balance minus Pro Forma Note Balance not to be less than 1.00% Original Pool Balance    {35}       __________   
{36}    Step Down Amount (Lessor of {34} and {35}    {36}           
IV.    CALCULATION OF PRINCIPAL DISTRIBUTABLE AMOUNT:
{37}    Total Monthly Principal Amounts       {37}        
{38}    Step-down Amount       {38}        
{39}    Principal Distributable Amount       {39}        

 

V.    CALCULATION OF INTEREST DISTRIBUTABLE AMOUNT:
    

Class

  

Beginning

Note Balance

   Interest
Carryover
   Interest
Rate
   Days    Days Basis    Calculated
Interest
{40}    Class A - 1          0.33063%       Actual days/360   
{41}    Class A - 2          1.40%       30/360   
{42}    Class A - 3          2.21%       30/360   
{43}    Class A - 4          2.90%       30/360   
{44}    Class B          3.76%       30/360   
{45}    Class C          4.99%       30/360   

 

VI.    RECONCILIATION OF COLLECTION ACCOUNT:
   Available Funds:         
   {46}    Collections on Receivables during period (net of Liquidation Proceeds and Fees)    {46}        
   {47}    Liquidation Proceeds collected during period    {47}        
   {48}    Purchase Amounts deposited in Collection Account    {48}        
   {49}    Investment Earnings - Collection Account    {49}        
   {50}    Investment Earnings - Transfer From Reserve Account    {50}        
   {51}    Collection of Supplemental Servicing - Extension Fees    {51}        
   {52}    Collection of Supplemental Servicing - Repo and Recovery Fees Advanced    {52}        
   {53}    Collection of Supplemental Servicing - Late Fees & Prepayment Penalty Fees    {53}        
   {54}    Total Available Funds    {54}        
   Distributions:         
   {55}    Base Servicing Fee    {55}        
   {56}    Repo and Recovery Fees - reimbursed to Servicer    {56}        
   {57}    Bank Service Charges - reimbursed to Servicer    {57}        
   {58}    Late Fees & Prepayment Penalty Fees - reimbursed to Servicer    {58}        
   {59}    Agent fees    {59}        
   {60}    Backup Servicer    {60}        
   {61}    Class A-1 Noteholders’ Interest Distributable Amount pari passu    {61}        
   {62}    Class A-2 Noteholders’ Interest Distributable Amount pari passu    {62}        
   {63}    Class A-3 Noteholders’ Interest Distributable Amount pari passu    {63}        
   {64}    Class A-4 Noteholders’ Interest Distributable Amount pari passu    {64}        
   {64}    Class A Noteholders’ Principal Parity Amount or Matured Principal Shortfall    {64}        
   {65}    Class B Noteholders’ Interest Distributable Amount    {65}        
   {66}    Class B Noteholders’ Principal Parity Amount or Matured Principal Shortfall    {66}        
   {67}    Class C Noteholders’ Interest Distributable Amount    {67}        
   {68}    Class C Noteholders’ Principal Parity Amount or Matured Principal Shortfall    {68}        
   {69}    Noteholders’ Principal Distributable Amount    {69}        
   {70}    To the Reserve Account, the Reserve Account Deposit    {70}        
   {71}    Accelerated Principal Amount    {71}        
   {72}    Additional fees (Indenture Trustee, Owner Trustee, Trust Collateral Agent, Backup Servicer)    {72}    __________   
   {73}    To the Certificateholders, the aggregate amount remaining    {73}        
   {74}    Total distributions    {74}        

 

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VlI.   CALCULATION OF PRINCIPAL PARITY AMOUNT:
 
   

Class

   (X)
Cumulative
Note Balance
   (Y)
Pool
Balance
   (I)
Excess of
(X) - (Y)
   (II)
Available Funds
in Waterfall
   Lesser of
(I) or (II)
    
{75}   Class A-1                  
{76}   Class A-2                  
{77}   Class A-3                  
{78}   Class A-4                  
{79}   Class B                  
{80}   Class C                  
{81}   Total                  
 

 

**     Principal Parity Amount distributed as Noteholders Principal Distributable in first three months of Trust

 

VlII.    CALCULATION OF ACCELERATED PRINCIPAL AMOUNT:
{82}    Excess Available Funds          {82}        
{83}    Pro-Forma Note Balance (Calculated after Step-Down)    {83}        
{84}    Required Pro Forma Note Balance    {84}        
{85}    Excess of Pro-Forma Balance over Required Pro-Forma Balance    {85}        
{86}    Lesser of Excess Available Funds or Excess of Pro-Forma Note Balance    {86}        
IX.    RECONCILIATION OF RESERVE ACCOUNT:   
                              Initial
{87}    Specified Reserve Balance               
{88}    Beginning of period Reserve Account balance    {88}         
{89}    The Reserve Account Deposit, from Collection Account    {89}           
{90}    Investment Earnings       {90}           
{91}    Investment Earnings - transferred to Collection Account Available Funds    {91}           
{92}    Reserve Account Withdrawal Amount    {92}           
{93}    End of period Reserve Account balance    {93}           
X.    CALCULATION OF TOTAL OVERCOLLATERALIZATION:
{94}    Aggregate Principal Balance       {94}           
{95}    End of Period Note Balance       {95}           
{96}    Overcollateralization       {96}           
{97}    Overcollateralization %       {97}           
XI.    MONTHLY PERIOD AND CUMULATIVE NUMBER OF RECEIVABLES CALCULATION:
                         Cumulative    Monthly
{98}    Original Number of Receivables       {98}         
{99}    Beginning of period number of Receivables       {99}         
{100}    Number of Receivables becoming Liquidated Receivables during period    {100}         
{101}    Number of Receivables becoming Purchased Receivables during period    {101}         
{102}    Number of Receivables paid off during period       {102}         
{103}    End of period number of Receivables       {103}         
XII.    STATISTICAL DATA: (CURRENT AND HISTORICAL):
              

Original

   Prev. Month    Current
{104}    Weighted Average APR of the Receivables    {104}            
{105}    Weighted Average Remaining Term of the Receivables    {105}            
{106}    Weighted Average Original Term of Receivables    {106}            
{107}    Average Receivable Balance    {107}            
{108}    Net Losses in Period    {108}            
{109}    Aggregate Realized Losses    {109}            
{110}    Aggregate Realized Loss Percentage    {110}            
XIII.    DELINQUENCY:               
              

Units

   Dollars    Percentage
   Receivables with Scheduled Payment delinquent               
  

{111}        31-60 days

   {111}            
  

{112}        61-90 days

   {112}            
  

{113}        over 90 days

   {113}            
  

{114}        Total

   {114}            
XIV.    EXTENSIONS               
  

{115}        Principal Balance of Receivables extended during current period

   {115}              
  

{116}        Beginning of Period Aggregate Principal Balance

   {116}              
  

{117}        Extension Rate {115} divided by {116}

   {117}              

 

By:    
Name:    
Title:    
Date:    

 

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