EX-10.2



 Exhibit 10.2 

SERIES 2016-3 LOCKBOX ACCOUNT AGREEMENT 

Dated as of August 3, 2016 

JPMorgan Chase Bank, N.A. (“Processor”), AmeriCredit Financial Services, Inc. (“AmeriCredit”) and Citibank,
N.A., 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 2016-3 (the “Trust”) and the Trustee entered into a Sale and Servicing Agreement dated as of
August 3, 2016 (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 and includes terms for the opening of the Lockbox Account (as defined herein),
and the Indenture contemplates that the Lockbox Account 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 and deposit of
remittance items. Such terms are set forth in this Lockbox Account Agreement (the “Agreement”). 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 banking services (the
“Service(s)”) of Processor will be used for the deposit of remittances related to the Receivables and related security. 

3. Customer Remittances. Third party money wire transfer providers, which shall include Western Union Financial Services, Inc.
(“ACH Service”) may from time to time electronically deposit funds in the Lockbox Account (as defined herein) on behalf of Obligors and such ACH Service shall be authorized by Processor to electronically debit the Lockbox Account
for the amounts of any return items from Obligors; provided, however, the electronic debit of the Lockbox Account for any return items by all ACH Services may not exceed $100,000 in the aggregate per day. Processor is authorized to establish such
arrangements, on such terms deemed prudent by Processor, with such ACH Service concerning the electronic access to the Lockbox Account. 

4. The Lockbox Account. 

(a) Processor (ABA No. 122100024) has established account number 878372288 (the “Lockbox Account”). Pursuant to the terms
of the Indenture and during the term of this Agreement, and except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the
Trustee’s funds, and the Trustee will have exclusive right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor,
the successor Processor’s notice of the new Lockbox Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this
Agreement. 







 (b) Unless otherwise directed by the Trustee, 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: Citibank, N.A. Account No.11640800; ABA No. 021000089 (the
“Collection Account”). 
 (c) Each party hereto agrees that all funds deposited into the Lockbox Account will not be
subject to deduction, setoff, banker’s lien, or any other similar right in favor of any person, except that Processor or ACH Service may setoff against the Lockbox Account the face amount of any check or other item deposited in and credited to
such Lockbox Account which is subsequently returned for any reason or is otherwise not collected, necessary account adjustments as a result of errors and overdrafts related to return items. If there are insufficient funds in the Lockbox Account to
pay items charged back to the Lockbox Account and AmeriCredit has not remitted payment within 10 days of demand therefor by Processor, the Trustee shall, upon provision of evidence satisfactory to the Trustee, make payment to Processor for any such
amounts from funds in the Collection Account but, only to the extent that such amount was actually received by the Trustee. If there are insufficient funds in the Lockbox Account to pay items charged back to the Lockbox Account, AmeriCredit shall
remit payment within 2 days of demand therefore by Processor. 
 5. Applicable Documentation. This Agreement supplements, rather than
replaces, Processor’s deposit account agreement, terms and conditions, and other standard documentation in effect from time to time with respect to the Lockbox Account or the services provided in connection therewith (the “Applicable
Documentation”), which Applicable Documentation will continue to apply to the Lockbox Account 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
Account; however, if such services are not authorized or otherwise covered under the Applicable 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 such Applicable Documentation or other documentation as Processor may require in connection therewith). 

6. 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 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


  
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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. 
 7. Processing of Items. The provision of services shall be governed by the Processor’s
Treasury Management Services Agreement, Commercial Account Agreement or other applicable agreements and related service terms (individually and collectively, the “Bank Agreements”), 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 and AmeriCredit, which consents shall not be unreasonably withheld, conditioned or delayed. 

8. 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. 

9. 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 14, 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 day of the following calendar month, or, if such day is not a Business Day, the immediately following Business Day. 
 10.
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 banking usages or is otherwise a commercially reasonable practice of the banking industry. 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 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 

  
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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 10 except such liability as is attributable to the gross negligence of Processor. 

11. 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 Account 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 11 after its removal and/or resignation as Servicer. 

12. 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. 
 13. 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. 

14. Amendment and Termination. This Agreement may only be amended in writing signed by all parties to this Agreement. 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 or the Trustee has consented to such termination. The Trustee
may immediately terminate this Agreement and shall do so upon written notice to the other parties hereto. Otherwise, any party may terminate this Agreement on forty-five (45) days’ prior written notice to the others; provided, however,
that AmeriCredit shall promptly notify the Trustee of receipt of any such notice and shall arrange for alternative account services satisfactory to the Trustee prior to the termination of the Services. Upon any termination of the Agreement, the
Lockbox Account shall remain open for the deposit of remittances related to the Receivables and related security for a period of at least ninety (90) days after the 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. 

15. Successor Servicer or Trustee. Upon the termination or resignation of the Trustee or the Servicer, this Agreement shall not
thereupon terminate but rather the successor Trustee or successor Servicer appointed pursuant to the Indenture or the Sale and Servicing Agreement, as applicable, shall succeed, except as otherwise provided herein, to all the rights, benefits,
duties and obligations of the Trustee or the Servicer, as applicable, hereunder. Upon the appointment and acceptance of a successor Trustee or successor Servicer under the Indenture or the Sale and Servicing Agreement, as applicable, such successor
Trustee or successor 

  
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Servicer, as applicable, shall provide an Assignment Notice to Processor along with any required documentation that Processor may require in order to satisfy its know your customer policies and
its due diligence requirements to qualify the assignee as a customer. An “Assignment Notice” is a notice purporting to be signed by either the successor Servicer or successor Trustee, as applicable, in which such successor agrees to assume
all of either Servicer or Trustee’s obligations under this Agreement and is substantially in the same form as Exhibit A, attached hereto, with a copy of this Agreement attached. The Trustee or the Servicer, as applicable, hereunder shall
continue to act in such capacity hereunder until its successor has been appointed and accepted such appointment under the Indenture or Sale and Servicing Agreement, as applicable. 

16. 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
and AmeriCredit of any such merger, conversion or consolidation within 30 days of its occurrence. If such successor requires the establishment of a new account, then the successor Processor shall as soon as practicable after the occurrence of any
such merger, conversion or consolidation (i) establish the new Lockbox Account and (ii) send written notice to the Trustee and AmeriCredit with respect to the new Lockbox Account number. 

17. 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 Account or this Agreement. 
 18. 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:	  	JPMorgan Chase Bank, N.A.
		  	611 Woodward Avenue, Floor 02
		  	Detroit, Michigan 48226-3408
		  	Attention: Eric Reimer
		  	Email: Eric.Reimer@jpmchase.com
		  	Fax No.: 972.869.9327
		
		  	With a copy to:
		
		  	JPMorgan Chase Bank, N.A.
		  	611 Woodward Avenue, Floor 02
		  	Detroit, Michigan 48226-3408
		  	Attention: Ric H. Huttenlocher
		  	Email: ric.huttenlocher@jpmorgan.com
		  	Fax No.: 313.256.2190


  
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	AmeriCredit:	  	AmeriCredit Financial Services, Inc.
		  	801 Cherry Street, Suite 3500
		  	Fort Worth, Texas 76102
		  	Attention: Chief Financial Officer
		
	Trustee:	  	Citibank, N.A.
		  	388 Greenwich Street, 14th Floor
		  	New York, New York 10013
		  	Attention: Citibank Agency & Trust, AmeriCredit 2016-3

 19. 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, 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. 

20. Waiver of Jury Trial. Each of the parties hereto hereby irrevocably and unconditionally waives, to the fullest extent permitted by
law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Agreement or the transactions contemplated hereby. 

21. No Partnership or Joint Venture. Nothing herein contained shall constitute a partnership between or joint venture by the parties
hereto or constitute any party the agent of the others. No party shall hold itself out contrary to the terms of this Section and no party shall become liable by any representation, act or omission of the other contrary to the provisions hereof. This
Agreement is not for the benefit of any third party and shall not be deemed to give any right or remedy to any such party whether referred to herein or not. 

22. Severability. Any term or provision of this Agreement that is held by a court of competent jurisdiction to be invalid, void or
unenforceable shall not affect the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the invalid, void or unenforceable term or provision in any other situation or in any other jurisdiction.
If the final judgment of a court of competent jurisdiction declares that any term or provision hereof is invalid, void or unenforceable, the parties agree that the court making such determination shall have the power to reduce the scope, duration or
applicability of the term or provision, to delete specific words or phrases or to replace any invalid, void or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention
of the invalid, void or unenforceable term or provision. 

  
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 23. No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on
the part of any person, any right, remedy, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or
the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exhaustive of any rights, remedies, powers and privileges provided by applicable law. 

24. Rules of Construction. Unless the context otherwise requires, (a) words in the singular include the plural, and words in the
plural include the singular and (b) “including” means, where not already so indicated, “including without limitation.” Unless otherwise stated in this Agreement, in the computation of a period of time from a specified date
to a later specified date, the word “from” means “from and including” and the words “to” and “until” each mean “to but excluding.” “Herein,” “hereof” and other words of similar
import refer to this Agreement as a whole and not to any particular Article, Section or other subdivision. Unless otherwise specified, references in this Agreement to any Article, Section, Schedule, Annex or Exhibit are references to such Article or
Section of, or Schedule, Annex or Exhibit to, this Agreement, and references in any Article, Section, Schedule, Annex, Exhibit or definition to any subsection or clause are references to such subsection or clause of such Article, Section, Schedule,
Annex, Exhibit or definition. All references in this Agreement to an agreement, instrument or other document shall be construed as a reference to that agreement, instrument or document as the same may be amended, modified, varied, supplemented or
novated from time to time. 
 25. Counterparts. This Agreement may be executed simultaneously in two or more counterparts, any one of
which need not contain the signatures of more than one party, but all such counterparts taken together shall constitute one and the same agreement. Facsimile, .pdf or other electronic signatures on counterparts of this Agreement shall be deemed
original signatures with all rights accruing thereto except in respect to any non-US entity from a jurisdiction where original executed signatures are required. 

26. Limited Trustee Liability. In connection with this Agreement, the Trustee shall be entitled to the benefit of every provision of
the Indenture limiting the liability of or affording rights, benefits, protections, immunities or indemnities to the Trustee as if they were expressly set forth herein mutatis mutandis. 

[Remainder of Page Intentionally Left Blank] 

  
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	PROCESSOR:	 		 	AMERICREDIT:
			
	JPMORGAN CHASE BANK, N.A.	 		 	AMERICREDIT FINANCIAL SERVICES, INC.
					
	By:	 	  
	 		 	By:	 	  

	Name:	 		 		 	Name:	 	
	Title:	 		 		 	Title:	 	
				
	TRUSTEE:	 		 		 	
				
	 CITIBANK, N.A.,
 as Trustee
	 		 		 	
					
	By:	 	  
	 		 		 	
	Name:	 		 		 		 	
	Title:	 		 		 		 	

 [Series 2016-3 Lockbox Account Agreement] 







 Exhibit A l ASSIGNMENT NOTICE 

 

					
	Date:	  	
                     
                                         
           
	  	
		
	JPMorgan Chase Bank, N.A.	  	
			
	Address:	  	 10 South Dearborn, 6th Floor Suite
IL1-00964
	  	
		  	 Chicago, IL
60603-2300                                  
	  	
	Attention:	  	 Blocked
Accounts                                        
    
	  	

 Re: SERIES 2016-3 LOCKBOX ACCOUNT AGREEMENT dated as of April 6, 2016 by and among AmeriCredit Financial Services, Inc.,
Citibank, N.A. and JPMorgan Chase Bank, N.A. relating to account no 878372288, (the “Agreement”). 
 Ladies and Gentlemen: 

This constitutes an Assignment Notice as referred to in section 15 of the Agreement, a copy of which is attached hereto. 

[NAME OF ASSIGNEE] (“Assignee”) agrees to assume all of the [Servicer or Trustee’s] obligations under the Agreement. 

Please select the appropriate response below indicating if Assignee is an existing client of Processor. 

Assignee is an existing client of Processor 

Assignee is not a client of Processor 

(Note: Additional documentation may be required by Processor in order to satisfy its know your customer policies and its due diligence requirements to
qualify the assignee as a customer) 
 The Assignee’s address for notices is as follows. 

Attn: 
 Address: 

Email: 
 Fax No.: 

 

			
	 [NAME OF SUCCESSOR SERVICER OR TRUSTEE]

		
	By:	  	              Date:
	Name:	  	
	Title: