Application of Trust Funds Certain Duties. Section 5.01. [Reserved].
Application of Trust Funds Certain Duties. Section 5.01 [Reserved].
Application of Trust Funds Certain Duties. SECTION 5.1 Application of Trust Funds 12 SECTION 5.2 Method of Payment 12 SECTION 5.3 No Segregation of Moneys; No Interest 12 SECTION 5.4 Reports to the Holder of the Excess Distribution Certificate, the Internal Revenue Service and Others 12
Application of Trust Funds Certain Duties. SECTION 5.01. Establishment of Deposit Account...........................................................13 SECTION 5.02. Application of Trust Funds.................................................................13 SECTION 5.03.
Application of Trust Funds Certain Duties. SECTION 5.1. Establishment of Certificate Distribution Account..........13 SECTION 5.2. Application of Trust Funds.................................14 SECTION 5.3.
Application of Trust Funds Certain Duties. SECTION 5.1 Establishment of Trust Account..................................... SECTION 5.2
Application of Trust Funds Certain Duties. Section 5.01. [Reserved] 14 Section 5.02. Application of Amounts in Trust Accounts 14 Section 5.03. Method of Payment 15 Section 5.04. Accounting and Reports to the Noteholders, the Certificateholders, the Internal Revenue Service and Others 15 Section 5.05. Signature on Returns; Tax Matter Partner 16
Application of Trust Funds Certain Duties. Section 5.01 Establishment of Certificate Distribution Account 20 Section 5.02 Application of Trust Funds 21 Section 5.03 Method of Payment 21 i (2021-B Amended and Restated Trust Agreement) TABLE OF CONTENTS (continued) Page
Application of Trust Funds Certain Duties. Section 5.1 Establishment of Certificate Distribution Account.
Application of Trust Funds Certain Duties. 19 Section 5.1 Establishment of Certificate Distribution Account 19 Section 5.2 Application of Trust Funds 20 Section 5.3 Method of Payment 21 Section 5.4 Accounting and Reports to the Certificateholders, the Internal Revenue Service and Others 21 Section 5.5 Tax Returns; Other Tax Matters 21 ARTICLE VI THE OWNER TRUSTEE 22 Section 6.1 Duties of Owner Trustee 22 Section 6.2 Rights of Owner Trustee 23 Section 6.3 Acceptance of Trusts and Duties 23 Section 6.4 Action upon Instruction by Certificateholders 27 Section 6.5 Furnishing of Documents 28 Section 6.6 Representations and Warranties of Owner Trustee 28 Section 6.7 Reliance; Advice of Counsel 29 Section 6.8 Owner Trustee May Own Certificates and Notes 29 Section 6.9 Compensation and Indemnity 30 Section 6.10 Replacement of Owner Trustee 31 Section 6.11 Merger or Consolidation of Owner Trustee 32 Section 6.12 Appointment of Co-Trustee or Separate Trustee 32 Section 6.13 Eligibility Requirements for Owner Trustee 33 ARTICLE VII TERMINATION OF TRUST AGREEMENT 34 Section 7.1 Termination of Trust Agreement 34 ARTICLE VIII AMENDMENTS 35 TABLE OF CONTENTS (continued) Page Section 8.1 Amendments Without Consent of Certificateholders or Noteholders 35 Section 8.2 Amendments With Consent of Securityholders 35 Section 8.3 Form of Amendments 36 ARTICLE IX MISCELLANEOUS 37 Section 9.1 No Legal Title to Owner Trust Estate 37 Section 9.2 Limitations on Rights of Others 37 Section 9.3 Derivative Actions 37 Section 9.4 Notices 37 Section 9.5 Severability 37 Section 9.6 Counterparts 38 Section 9.7 Successors and Assigns 38 Section 9.8 No Petition 38 Section 9.9 No Recourse 39 Section 9.10 Headings 39 Section 9.11 Governing Law 39 Section 9.12 Effect of Amendment and Restatement 40 Section 9.13 Information to be Provided by the Owner Trustee 40 Section 9.14 Electronic Means 42 This AMENDED AND RESTATED TRUST AGREEMENT, dated as of May 25, 2022 (this “Agreement”), is between CARVANA RECEIVABLES DEPOSITOR LLC, a Delaware limited liability company, in its capacity as a depositor (the “Depositor”), and BNY MELLON TRUST OF DELAWARE, a Delaware banking corporation, as trustee and not in its individual capacity (the “Owner Trustee”).
