Form of Lockbox Processing Agreement



 Exhibit 10.4 
 SERIES 201  -     LOCKBOX PROCESSING AGREEMENT 
             , 201   
 [Processor] (“Processor”), AmeriCredit Financial Services, Inc. (“AmeriCredit”) and [Trustee], as Trustee 

(the “Trustee”), agree as follows: 
 1. Servicing Arrangements. AmeriCredit, as Servicer (the “Servicer”), AFS SenSub Corp., as Seller (“Seller”), AmeriCredit Automobile Receivables Trust
201  -     (the “Trust”) and the Trustee entered into a Sale and Servicing Agreement dated as of             ,
201   (as amended, supplemented and otherwise modified from time to time, the “Sale and Servicing Agreement”), relating to the Receivables (as such term is defined in the Sale and Servicing Agreement), pursuant to
which the Receivables were sold, transferred, assigned, or otherwise conveyed to the Trust. The Sale and Servicing Agreement contemplates the engagement of a processor for lockbox services, and the Indenture contemplates that the Lockbox Account (as
defined herein) will be assigned and pledged to the Trust Collateral Agent. The Sale and Servicing Agreement does not include specific terms for the provision of data processing services of remittance items. Such terms are set forth in this Lockbox
Processing Agreement (the “Agreement”). For avoidance of doubt, [Processor] is not a depository institution. All capitalized terms used herein and not otherwise defined herein shall have the meanings specified in the Sale and
Servicing Agreement. 
 2. Remittance Processing Services. In order to provide a means of collection of the Receivables
which will allow the Trustee to receive the proceeds of the Receivables and related security without AmeriCredit or its Affiliates having access to the funds, the parties hereto agree for the benefit of the Trustee that the processing services (the
“Service(s)”) of Processor will be used for the collection and the deposit of remittances related to the Receivables and related security. 
 3. Customer Remittances. Obligors of the Receivables will be directed by AmeriCredit to forward their remittances to Processor at a post office address (the “Lockbox”) assigned by
Processor. Processor, acting for the exclusive benefit of the Trustee, shall have unrestricted and exclusive access to the mail directed to this address. AmeriCredit agrees to notify Processor thirty (30) days in advance of any change in
Obligor remittance statements and/or mailing schedule. 
 4. Collection of Mail. Processor will collect mail from the
Lockbox at regular intervals each business day, but not less than two times daily. 
 5. Endorsement of Items. Processor
will process, on behalf of AmeriCredit, checks and other deposited items that appear to be for deposit to the credit of AmeriCredit or its Affiliates in accordance with Processor’s Lockbox Processing Agreement and Instructions, or other
applicable agreement and related service terms (individually and collectively, the “[Processor] Documentation”), as appropriate. 







 6. Credit of Funds to Account. 

(a) Processor will process the checks and other deposited items and credit the total amount to the account described below (the
“Lockbox Account”). The Lockbox Account will be established at [Bank] (ABA No.:             ) as account number
            . The Lockbox Account will be maintained and all banking functions will be provided by [Bank]. 
 (b) Unless otherwise directed by the Trustee [(with the written consent of the Insurer)], AmeriCredit agrees that all collected funds on deposit in the Lockbox Account shall be transferred from the
Lockbox Account within two Business Days by wire transfer in immediately available funds to the following account: [Trustee], Account No.              f/b/o
                    ; ABA No.              (the “Collection
Account”). 
 7. [Processor] Documentation. This Agreement supplements, rather than replaces, the [Processor]
Documentation, terms and conditions, and other standard documentation in effect from time to time with respect to the Lockbox or the services provided by [Processor] in connection therewith. The [Processor] Documentation will continue to apply to
the Lockbox and such services, and the respective rights, powers, duties, obligations, liabilities and responsibilities of the parties thereto and hereto, to the extent not expressly conflicting with the provisions of this Agreement (however, in the
event of any such conflict, the provisions of this Agreement shall control). Prior to issuing any instructions, the Trustee shall provide Processor with such documentation as Processor may reasonably request to establish the identity and authority
of the individuals issuing instructions on behalf of the Trustee. The Trustee may request the Processor to provide other services with respect to the Lockbox; however, if such services are not authorized or otherwise covered under the [Processor]
Documentation, Processor’s decision to provide any such services shall be made in its sole discretion (including without limitation being subject to AmeriCredit and/or the Trustee executing the [Processor] Documentation or other documentation
as Processor may require in connection therewith). 
 [ As of the date of this Agreement, AmeriCredit has provided the Controlling Party with a
copy of the current [Processor] Documentation. Following any material change to the [Processor] Documentation, AmeriCredit will provide the revised [Processor] Documentation to the Controlling Party within thirty (30) days. The Insurer and its
successors and assigns shall be a third-party beneficiary to the provisions of the [Processor] Documentation, and shall be entitled to rely upon and directly to enforce such provisions of the [Processor] Documentation so long as no Insurer Default
shall have occurred and be continuing. The Trustee and its successors and assigns shall be a third-party beneficiary to the provisions of the [Processor] Documentation, and shall be entitled to rely upon and directly to enforce such provisions of
the [Processor] Documentation.] 
 8. Processor’s General Duties. Notwithstanding anything to the contrary in this
Agreement: (i) Processor shall have only the duties and responsibilities with respect to the matters set forth herein as is expressly set forth in writing herein and shall not be deemed to be an agent, bailee or fiduciary for any party hereto;
(ii) Processor shall be fully protected in acting or refraining from acting in good faith without investigation on any notice, instruction or request purportedly furnished to it by AmeriCredit or the Trustee in accordance with the terms hereof,
in which case the parties hereto agree that Processor has no duty to make any further inquiry 

  
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whatsoever; (iii) it is hereby acknowledged and agreed that Processor has no knowledge of (and is not required to know) the terms and provisions of the Sale and Servicing Agreement referred
to in Section 1 above or any other related documentation or whether any actions by the Trustee, AmeriCredit or any other person or entity are permitted or a breach thereunder or consistent or inconsistent therewith; and (iv) Processor
shall not be liable to any party hereto or any other person for any action or failure to act under or in connection with this Agreement except to the extent such conduct constitutes its own willful misconduct or gross negligence. 

9. Processing of Items. The provision of services shall be governed by the [Processor] Documentation or other applicable
agreements and related service terms, as may be amended from time to time, subject to the prior written consent to any such amendments of a material nature by the Trustee [, the Insurer] and AmeriCredit, which consents shall not be unreasonably
withheld, conditioned or delayed. 
 10. Trust Correspondence. Any envelopes collected from the Lockbox which contain
correspondence and other documents (including, but not limited to, certificates of title, tax receipts, insurance policy endorsements and any other documents or communications of or relating to the Receivables) will be sent to the Servicer at its
current address. Any enclosed payment(s), coupon(s) or check(s) will be processed and deposited by Processor in accordance with the provisions of the Agreement. 
 11. Confidentiality. Processor agrees that all information concerning the Obligors of the Receivables which comes into Processor’s possession pursuant to this Agreement, other than that which
is already known by Processor or to the general public, will be treated in a confidential manner. 
 12. Fees. Unless
otherwise agreed by Processor, AmeriCredit shall pay Processor the fees set forth for this Service in Processor’s most current Price List as in effect from time to time, plus additional fees for the performance of services beyond the terms of
this Agreement, or resulting from increased expenses incurred by the failure of AmeriCredit to furnish within a reasonable period of time following a request by Processor, data in a form acceptable to Processor. Processor shall look first to
AmeriCredit for payment of such fees. If AmeriCredit fails to pay Processor within thirty (30) days of receipt of invoice but in any event no later than forty-five (45) days from the date of the invoice, Processor will notify the Trustee
in writing as soon as practicable and provide to the Trustee a copy of such unpaid invoice. Subject to rights to terminate this Agreement pursuant to Section 17, Processor will continue to perform its services under this Agreement and the
amount reflected in such invoice will be paid to Processor by the Trustee out of funds in the Collection Account on the next Distribution Date (as defined below), which follows by at least three Business Days the date of giving such notice to the
Trustee. Any fees unpaid after such date will be considered unpaid fees. “Distribution Date” means the [fifteenth]/[sixth] day of the following calendar month, or, if such day is not a Business Day, the immediately following Business Day.

 13. Processor’s Liability for Nonperformance. In performing the Services, Processor will exercise ordinary care
and act in good faith. Processor shall be deemed to have exercised ordinary care if its action or failure to act is in conformity with general information technology processing standards. Processor’s liability relating to its or its
employees’, officers’ or agents’ performance or failure to perform hereunder, or for any other action or inaction of 

  
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Processor, or its employees, officers or agents, shall be limited exclusively to the lesser of (i) any direct losses which are caused by the failure of Processor, its employees, officers or
agents to exercise reasonable care and/or act in good faith, and (ii) the face amount of any item, check, payment or other funds lost or mishandled by the action or inaction of Processor. Under no circumstances will Processor be liable for any
general, indirect, special, incidental, punitive or consequential damages or for damages caused, in whole or in part, by the action or inaction of AmeriCredit or the Trustee, whether or not such action or inaction constitutes negligence. Processor
will not be liable for any damage, loss, liability or delay caused by accidents, strikes, fire, flood, war, riot, equipment breakdown, electrical or mechanical failure, acts of God or any cause which is reasonably unavoidable or beyond its
reasonable control. AmeriCredit agrees that the fees charged by Processor for the performance of this Service shall be deemed to have been established in contemplation of these limitations on Processor’s liability. In addition, AmeriCredit
agrees to indemnify and hold Processor harmless from all liability on the part of Processor under this Section 13 except such liability as is attributable to the gross negligence of Processor. 

14. Indemnification by AmeriCredit. AmeriCredit agrees to indemnify, defend and hold Processor harmless from and against any and
all damage, loss, cost, expense or liability of any kind, including, without limitation, reasonable attorneys’ fees and court costs, which results, directly or indirectly, in whole or in part, from any negligence and willful misconduct or
infidelity of AmeriCredit or any agent or employee of AmeriCredit, incurred in connection with this Agreement or the Lockbox or any interpleader proceeding relating thereto or from Processor acting upon information furnished by AmeriCredit under
this Agreement. AmeriCredit will remain liable for all indemnification under this Section 14 after its removal and/or resignation as Servicer. 
 15. Other Agreements. Processor shall not be bound by any agreement between any of the other parties hereto irrespective of whether Processor has knowledge of the existence of any such agreement or
the terms and provisions thereof. 
 16. Records. This Agreement and the performance by Processor of the Services
hereunder shall not relieve Processor of any obligation imposed by law or contract regarding the maintenance of records. 
 17.
Amendment and Termination. This Agreement may only be amended in writing signed by all parties to this Agreement [and the Insurer]. AmeriCredit or Trustee may immediately terminate this Agreement for cause, provided, however, that a similar
agreement has been executed with a successor processor reasonably acceptable to the Trustee [and the Insurer] or the Trustee [and the Insurer] [has]/[have] consented to such termination. The Trustee may immediately terminate this Agreement [at any
time with the consent of the Insurer,] and shall do so [, at the direction of the Insurer,] upon written notice to the other parties hereto. Otherwise, any party may terminate this Agreement on sixty (60) days’ prior written notice to the
others; provided, however, that AmeriCredit shall promptly notify the [Trustee]/[Insurer] of receipt of any such notice and shall arrange for alternative lockbox processing services satisfactory to the [Trustee]/[Insurer] prior to the termination of
the Services. Upon any termination of the Agreement, (a) Processor will close the Lockbox and (b) Processor will process all mail addressed to the Lockbox in the manner instructed by AmeriCredit in accordance with the [Processor]
Documentation for a period of at least ninety (90) days after the 

  
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termination date, unless arranged otherwise between AmeriCredit and Processor. After any termination, Processor’s fees with respect to the Services it performs during such period shall be
consistent with such fees at the time of such termination. 
 18. Successor Servicer. Each of Processor and the Trustee
agrees that if the Servicer has been terminated or resigns as Servicer, this Agreement shall not thereupon terminate and the successor servicer appointed pursuant to the Sale and Servicing Agreement shall succeed, except as otherwise provided
herein, to all rights, benefits, duties and obligations of the Servicer hereunder. Prior to the termination or resignation of the Trustee or the Servicer, the Trustee or the Servicer, respectively, shall provide notice to Processor in accordance
with the terms and conditions to which each of the Trustee or the Servicer, respectively, is itself entitled upon termination or resignation. 
 19. Successor Processor. Any company or national banking association into which Processor may be merged or converted or with which it may be consolidated, or any company or national banking
association resulting from any merger, conversion or consolidation to which it shall be a party or any company or national association to which Processor may sell or transfer all or substantially all of its business (provided any such company or
national banking association shall be a company organized under the laws of any state of the United States or a national banking association and shall be eligible to perform all of the duties imposed upon it by this Agreement) shall be the successor
to Processor hereunder without the execution or filing of any document or any further act by any of the parties to this Agreement; provided, however, that Processor notify the Trustee [, the Insurer] and AmeriCredit of any such merger, conversion or
consolidation within 30 days of its occurrence. 
 20. [Third Party Beneficiary. This Agreement shall inure to the
benefit of the Insurer, and all covenants and agreements in this Agreement shall be for the benefit of and run directly to the Insurer, and the Insurer shall be entitled to rely on and, subject to the limitations on liability set forth herein,
enforce such covenants to the same extent as if it were a party to this Agreement; provided, however, that, notwithstanding this provision, the liability of Processor under this Agreement shall not under any circumstances exceed the respective
liability of Processor in the absence of any such third-party beneficiary.] 
 21. Governing Law. This Agreement shall be
governed by the laws of the State of Texas. All parties hereby waive all rights to a trial by jury in any action or proceeding relating to Lockbox or this Agreement. 
 22. Notices. All written notices required by this Agreement shall be delivered or mailed to the other parties at the addresses set forth below or to such other address as a party may specify in
writing. 
  

			
	Processor:	  	[Processor]
		  	[Address]
		  	Attention:                     
		
		  	With a copy to:
		
		  	[Address]


  
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		  	Attention:                     
		
	AmeriCredit:	  	 AmeriCredit Financial Services, Inc.
 801 Cherry Street, Suite 3500
 Fort Worth, Texas 76102

		  	Attention: Chief Financial Officer
		
	Trustee:	  	[Trustee]
		  	[Address]
		  	Attention:                     
		
	Insurer:	  	[Insurer]
		  	[Address]
		  	Attention:                     


23. Bankruptcy. Processor hereby covenants and agrees that, prior to the date which is one year and one day after the payment in
full of the Notes and all amounts owed under the Indenture and the Sale and Servicing Agreement [(including, without limitation, amounts owed to the Insurer)], Processor will not institute against or join with any other person in instituting against
the Trust or the Seller, any proceeding or file any petition against the Trust or the Seller under any bankruptcy, insolvency or similar law for the relief or aid of debtors (including, without limitation, Title 11 of the United States Code or any
amendment thereto), seeking the dissolution, liquidation, arrangement, reorganization or similar relief of the Trust or the Seller or the appointment of a receiver, trustee, custodian or liquidator of the Trust or the Seller, or issue any writ,
order, judgment warrant of attachment, execution or similar process against a substantial part of the property, assets or business of the Trust or the Seller. This covenant shall survive the termination of this Agreement. 

[Remainder of Page Intentionally Left Blank] 

  
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	PROCESSOR:	 		 	AMERICREDIT:
			
	[PROCESSOR]	 		 	AMERICREDIT FINANCIAL SERVICES, INC.
					
	By:	 	  
	 		 	By:	 	  

		 	Name:	 		 		 	Name:
		 	Title:	 		 		 	Title:

  

			
	TRUSTEE:
	
	 [TRUSTEE],
 as
Trustee

		
	By:	 	  

		 	Name:
		 	Title:

 [Series
201  -     Lockbox Processing Agreement]