Common use of TERMINATION      27 Clause in Contracts

TERMINATION      27. SECTION 8.01 Optional Purchase of All Receivables; Insolvency of the Depositor; Termination of Trust 27 ARTICLE IX CUSTODIAN 29 SECTION 9.01 Custody of Receivable Files 29 ARTICLE X MISCELLANEOUS PROVISIONS 30 SECTION 10.01 Amendment 30 SECTION 10.02 Protection of Title to Trust 32 SECTION 10.03 Survival 33 SECTION 10.04 Notices 33 SECTION 10.05 Governing Law 33 SECTION 10.06 Waivers 33 SECTION 10.07 Headings 33 SECTION 10.08 Counterparts 34 SECTION 10.09 Severability of Provisions 34 SECTION 10.10 Third-Party Beneficiaries 34 SECTION 10.11 Assignment 34 SECTION 10.12 No Petition Covenants 34 SECTION 10.13 Tax Treatment 34 SECTION 10.14 Furnishing Documents 34 SECTION 10.15 Information to Be Provided by the Indenture Trustee 35 SECTION 10.16 Limitation of Liability of Indenture Trustee and Owner Trustee 36 SCHEDULE A Schedule of Receivables APPENDIX A Definitions and Rules of Construction APPENDIX B Notice Addresses and Procedure THIS SERVICING AGREEMENT, dated as of March 29, 2017, is among ALLY BANK, a Utah chartered bank (“Ally Bank” which, in its capacity as servicer under this Agreement, is referred to as the “Servicer”), ALLY AUTO ASSETS LLC, a Delaware limited liability company (the “Depositor”), and ALLY AUTO RECEIVABLES TRUST 2017-2, a Delaware statutory trust (the “Issuing Entity”).

TERMINATION      27. SECTION 8.01 Optional Purchase of All Receivables; Insolvency of the Depositor; Termination of Trust 27 ARTICLE IX CUSTODIAN 29 SECTION 9.01 Custody of Receivable Files 29 ARTICLE X MISCELLANEOUS PROVISIONS 30 SECTION 10.01 Amendment 30 SECTION 10.02 Protection of Title to Trust 32 SECTION 10.03 Survival 33 SECTION 10.04 Notices 33 SECTION 10.05 Governing Law 33 SECTION 10.06 Waivers 33 34 SECTION 10.07 Headings 33 34 SECTION 10.08 Counterparts 34 SECTION 10.09 Severability of Provisions 34 SECTION 10.10 Third-Party Beneficiaries 34 SECTION 10.11 Assignment 34 SECTION 10.12 No Petition Covenants 34 SECTION 10.13 Tax Treatment 34 35 SECTION 10.14 Furnishing Documents 34 35 SECTION 10.15 Information to Be Provided by the Indenture Trustee 35 SECTION 10.16 Limitation of Liability of Indenture Trustee and Owner Trustee 36 SCHEDULE A Schedule of Receivables APPENDIX A Definitions and Rules of Construction APPENDIX B Notice Addresses and Procedure Procedures THIS SERVICING AGREEMENT, dated as of March 29November 22, 2017, is among ALLY BANK, a Utah chartered bank (“Ally Bank” which, in its capacity as servicer under this Agreement, is referred to as the “Servicer”), ALLY AUTO ASSETS LLC, a Delaware limited liability company (the “Depositor”), and ALLY AUTO RECEIVABLES TRUST 2017-25, a Delaware statutory trust (the “Issuing Entity”).

TERMINATION      27. SECTION 8.01 Optional Purchase of All Receivables; Insolvency of the Depositor; Termination of Trust 27 ARTICLE IX CUSTODIAN 29 SECTION 9.01 Custody of Receivable Files 29 ARTICLE X MISCELLANEOUS PROVISIONS 30 SECTION 10.01 Amendment 30 SECTION 10.02 Protection of Title to Trust 32 SECTION 10.03 Survival 33 SECTION 10.04 Notices 33 SECTION 10.05 Governing Law 33 SECTION 10.06 Waivers 33 34 SECTION 10.07 Headings 33 34 SECTION 10.08 Counterparts 34 SECTION 10.09 Severability of Provisions 34 SECTION 10.10 Third-Party Beneficiaries 34 SECTION 10.11 Assignment 34 SECTION 10.12 No Petition Covenants 34 SECTION 10.13 Tax Treatment 34 35 SECTION 10.14 Furnishing Documents 34 35 SECTION 10.15 Information to Be Provided by the Indenture Trustee 35 SECTION 10.16 Limitation of Liability of Indenture Trustee and Owner Trustee 36 37 SCHEDULE A Schedule of Receivables APPENDIX A Definitions and Rules of Construction APPENDIX B Notice Addresses and Procedure THIS SERVICING AGREEMENT, dated as of March 29January 27, 20172016, is among ALLY BANKFINANCIAL INC., a Utah chartered bank Delaware corporation (“Ally BankFinancial” which, in its capacity as servicer under this Agreement, is referred to as the “Servicer”), ALLY AUTO ASSETS LLC, a Delaware limited liability company (the “Depositor”), and ALLY AUTO RECEIVABLES TRUST 20172016-21, a Delaware statutory trust (the “Issuing Entity”).

TERMINATION      27. SECTION 8.01 Optional Purchase of All Receivables; Insolvency of the Depositor; Termination of Trust 27 ARTICLE IX CUSTODIAN 29 SECTION 9.01 Custody of Receivable Files 29 ARTICLE X MISCELLANEOUS PROVISIONS 30 SECTION 10.01 Amendment 30 SECTION 10.02 Protection of Title to Trust 32 SECTION 10.03 Survival 33 SECTION 10.04 Notices 33 SECTION 10.05 Governing Law 33 SECTION 10.06 Waivers 33 34 SECTION 10.07 Headings 33 34 SECTION 10.08 Counterparts 34 SECTION 10.09 Severability of Provisions 34 SECTION 10.10 Third-Party Beneficiaries 34 SECTION 10.11 Assignment 34 SECTION 10.12 No Petition Covenants 34 SECTION 10.13 Tax Treatment 34 35 SECTION 10.14 Furnishing Documents 34 35 SECTION 10.15 Information to Be Provided by the Indenture Trustee 35 SECTION 10.16 Limitation of Liability of Indenture Trustee and Owner Trustee 36 SCHEDULE A Schedule of Receivables APPENDIX A Definitions and Rules of Construction APPENDIX B Notice Addresses and Procedure THIS SERVICING AGREEMENT, dated as of March 29August 15, 20172012, is among ALLY BANKFINANCIAL INC., a Utah chartered bank Delaware corporation (“Ally BankFinancial” which, in its capacity as servicer under this Agreement, is referred to as the “Servicer”), ALLY AUTO ASSETS LLC, a Delaware limited liability company (the “Depositor”), and ALLY AUTO RECEIVABLES TRUST 20172012-24, a Delaware statutory trust (the “Issuing Entity”).

TERMINATION      27. SECTION 8.01 Optional Purchase of All Receivables; Insolvency of the Depositor; Termination of Trust 27 ARTICLE IX CUSTODIAN 29 SECTION 9.01 Custody of Receivable Files 29 ARTICLE X MISCELLANEOUS PROVISIONS 30 SECTION 10.01 Amendment 30 SECTION 10.02 Protection of Title to Trust 32 SECTION 10.03 Survival 33 SECTION 10.04 Notices 33 SECTION 10.05 Governing Law 33 SECTION 10.06 Waivers 33 34 SECTION 10.07 Headings 33 34 SECTION 10.08 Counterparts 34 SECTION 10.09 Severability of Provisions 34 SECTION 10.10 Third-Party Beneficiaries 34 SECTION 10.11 Assignment 34 SECTION 10.12 No Petition Covenants 34 SECTION 10.13 Tax Treatment 34 35 SECTION 10.14 Furnishing Documents 34 35 SECTION 10.15 Information to Be Provided by the Indenture Trustee 35 SECTION 10.16 Limitation of Liability of Indenture Trustee and Owner Trustee 36 SCHEDULE A Schedule of Receivables APPENDIX A Definitions and Rules of Construction APPENDIX B Notice Addresses and Procedure Procedures THIS SERVICING AGREEMENT, dated as of March 29August 23, 2017, is among ALLY BANK, a Utah chartered bank (“Ally Bank” which, in its capacity as servicer under this Agreement, is referred to as the “Servicer”), ALLY AUTO ASSETS LLC, a Delaware limited liability company (the “Depositor”), and ALLY AUTO RECEIVABLES TRUST 2017-24, a Delaware statutory trust (the “Issuing Entity”).

TERMINATION      27. SECTION 8.01 Optional Purchase of All Receivables; Insolvency of the Depositor; Termination of Trust 27 ARTICLE IX CUSTODIAN 29 SECTION 9.01 Custody of Receivable Files 29 ARTICLE X MISCELLANEOUS PROVISIONS 30 SECTION 10.01 Amendment 30 SECTION 10.02 Protection of Title to Trust 32 SECTION 10.03 Survival 33 SECTION 10.04 Notices 33 SECTION 10.05 Governing Law 33 SECTION 10.06 Waivers 33 34 SECTION 10.07 Headings 33 34 SECTION 10.08 Counterparts 34 SECTION 10.09 Severability of Provisions 34 SECTION 10.10 Third-Party Beneficiaries 34 SECTION 10.11 Assignment 34 SECTION 10.12 No Petition Covenants 34 SECTION 10.13 Tax Treatment 34 35 SECTION 10.14 Furnishing Documents 34 35 SECTION 10.15 Information to Be Provided by the Indenture Trustee 35 SECTION 10.16 Limitation of Liability of Indenture Trustee and Owner Trustee 36 SCHEDULE A Schedule of Receivables APPENDIX A Definitions and Rules of Construction APPENDIX B Notice Addresses and Procedure Procedures THIS SERVICING AGREEMENT, dated as of March 29May 24, 2017, is among ALLY BANK, a Utah chartered bank (“Ally Bank” which, in its capacity as servicer under this Agreement, is referred to as the “Servicer”), ALLY AUTO ASSETS LLC, a Delaware limited liability company (the “Depositor”), and ALLY AUTO RECEIVABLES TRUST 2017-23, a Delaware statutory trust (the “Issuing Entity”).

TERMINATION      27. SECTION 8.01 Optional Purchase of All Receivables; Insolvency of the Depositor; Termination of Trust 27 ARTICLE IX CUSTODIAN 29 SECTION 9.01 Custody of Receivable Files 29 ARTICLE X MISCELLANEOUS PROVISIONS 30 SECTION 10.01 Amendment 30 SECTION 10.02 Protection of Title to Trust 32 SECTION 10.03 Survival 33 SECTION 10.04 Notices 33 SECTION 10.05 Governing Law 33 SECTION 10.06 Waivers 33 34 SECTION 10.07 Headings 33 34 SECTION 10.08 Counterparts 34 SECTION 10.09 Severability of Provisions 34 SECTION 10.10 Third-Party Beneficiaries 34 SECTION 10.11 Assignment 34 SECTION 10.12 No Petition Covenants 34 SECTION 10.13 Tax Treatment 34 35 SECTION 10.14 Furnishing Documents 34 35 SECTION 10.15 Information to Be Provided by the Indenture Trustee 35 SECTION 10.16 Limitation of Liability of Indenture Trustee and Owner Trustee 36 SCHEDULE A Schedule of Receivables APPENDIX A Definitions and Rules of Construction APPENDIX B Notice Addresses and Procedure THIS SERVICING AGREEMENT, dated as of March 292, 20172016, is among ALLY BANKFINANCIAL INC., a Utah chartered bank Delaware corporation (“Ally BankFinancial” which, in its capacity as servicer under this Agreement, is referred to as the “Servicer”), ALLY AUTO ASSETS LLC, a Delaware limited liability company (the “Depositor”), and ALLY AUTO RECEIVABLES TRUST 20172016-2, a Delaware statutory trust (the “Issuing Entity”).

TERMINATION      27. SECTION 8.01 Optional Purchase of All Receivables; Insolvency of the Depositor; Termination of Trust 27 ARTICLE IX CUSTODIAN 29 SECTION 9.01 Custody of Receivable Files 29 ARTICLE X MISCELLANEOUS PROVISIONS 30 SECTION 10.01 Amendment 30 SECTION 10.02 Protection of Title to Trust 32 SECTION 10.03 Survival 33 SECTION 10.04 Notices 33 SECTION 10.05 Governing Law 33 SECTION 10.06 Waivers 33 34 SECTION 10.07 Headings 33 34 SECTION 10.08 Counterparts 34 SECTION 10.09 Severability of Provisions 34 SECTION 10.10 Third-Party Beneficiaries 34 SECTION 10.11 Assignment 34 SECTION 10.12 No Petition Covenants 34 SECTION 10.13 Tax Treatment 34 35 SECTION 10.14 Furnishing Documents 34 35 SECTION 10.15 Information to Be Provided by the Indenture Trustee 35 SECTION 10.16 Limitation of Liability of Indenture Trustee and Owner Trustee 36 SCHEDULE A Schedule of Receivables APPENDIX A Definitions and Rules of Construction APPENDIX B Notice Addresses and Procedure THIS SERVICING AGREEMENT, dated as of March 29May 31, 20172016, is among ALLY BANKFINANCIAL INC., a Utah chartered bank Delaware corporation (“Ally BankFinancial” which, in its capacity as servicer under this Agreement, is referred to as the “Servicer”), ALLY AUTO ASSETS LLC, a Delaware limited liability company (the “Depositor”), and ALLY AUTO RECEIVABLES TRUST 20172016-23, a Delaware statutory trust (the “Issuing Entity”).

TERMINATION      27. SECTION 8.01 Optional Purchase of All Receivables; Insolvency of the Depositor; Termination of Trust 27 ARTICLE IX CUSTODIAN 29 SECTION 9.01 Custody of Receivable Files 29 ARTICLE X MISCELLANEOUS PROVISIONS 30 SECTION 10.01 Amendment 30 SECTION 10.02 Protection of Title to Trust 32 SECTION 10.03 Survival 33 SECTION 10.04 Notices 33 SECTION 10.05 Governing Law 33 SECTION 10.06 Waivers 33 SECTION 10.07 Headings 33 34 SECTION 10.08 Counterparts 34 SECTION 10.09 Severability of Provisions 34 SECTION 10.10 Third-Party Beneficiaries 34 SECTION 10.11 Assignment 34 SECTION 10.12 No Petition Covenants 34 SECTION 10.13 Tax Treatment 34 35 SECTION 10.14 Furnishing Documents 34 35 SECTION 10.15 Information to Be Provided by the Indenture Trustee 35 SECTION 10.16 Limitation of Liability of Indenture Trustee and Owner Trustee 36 SCHEDULE A Schedule of Receivables APPENDIX A Definitions and Rules of Construction APPENDIX B Notice Addresses and Procedure THIS SERVICING AGREEMENT, dated as of March 29July 22, 20172015, is among ALLY BANKFINANCIAL INC., a Utah chartered bank Delaware corporation (“Ally BankFinancial” which, in its capacity as servicer under this Agreement, is referred to as the “Servicer”), ALLY AUTO ASSETS LLC, a Delaware limited liability company (the “Depositor”), and ALLY AUTO RECEIVABLES TRUST 20172015-21, a Delaware statutory trust (the “Issuing Entity”).

TERMINATION      27. SECTION 8.01 Optional Purchase of All Receivables; Insolvency of the Depositor; Termination of Trust 27 ARTICLE IX CUSTODIAN 29 SECTION 9.01 Custody of Receivable Files 29 ARTICLE X MISCELLANEOUS PROVISIONS 30 SECTION 10.01 Amendment 30 SECTION 10.02 Protection of Title to Trust 32 SECTION 10.03 Survival 33 SECTION 10.04 Notices 33 SECTION 10.05 Governing Law Law. 33 SECTION 10.06 Waivers 33 34 SECTION 10.07 Headings 33 34 SECTION 10.08 Counterparts 34 SECTION 10.09 Severability of Provisions 34 SECTION 10.10 Third-Party Beneficiaries 34 SECTION 10.11 Assignment 34 SECTION 10.12 No Petition Covenants 34 SECTION 10.13 Tax Treatment 34 35 SECTION 10.14 Furnishing Documents 34 35 SECTION 10.15 Information to Be Provided by the Indenture Trustee 35 SECTION 10.16 Limitation of Liability of Indenture Trustee and Owner Trustee 36 SCHEDULE A Schedule of Receivables APPENDIX A Definitions and Rules of Construction APPENDIX B Notice Addresses and Procedure THIS SERVICING AGREEMENT, dated as of March 29May 31, 20172016, is among ALLY BANKFINANCIAL INC., a Utah chartered bank Delaware corporation (“Ally BankFinancial” which, in its capacity as servicer under this Agreement, is referred to as the “Servicer”), ALLY AUTO ASSETS LLC, a Delaware limited liability company (the “Depositor”), and ALLY AUTO RECEIVABLES TRUST 20172016-23, a Delaware statutory trust (the “Issuing Entity”).

TERMINATION      27. SECTION 8.01 Optional Purchase of All Receivables; Insolvency of the Depositor; Termination of Trust 27 ARTICLE IX CUSTODIAN 29 SECTION 9.01 Custody of Receivable Files 29 ARTICLE X MISCELLANEOUS PROVISIONS 30 SECTION 10.01 Amendment 30 SECTION 10.02 Protection of Title to Trust 32 SECTION 10.03 Survival 33 SECTION 10.04 Notices 33 SECTION 10.05 Governing Law Law. 33 SECTION 10.06 Waivers 33 SECTION 10.07 Headings 33 34 SECTION 10.08 Counterparts 34 SECTION 10.09 Severability of Provisions 34 SECTION 10.10 Third-Party Beneficiaries 34 SECTION 10.11 Assignment 34 SECTION 10.12 No Petition Covenants 34 SECTION 10.13 Tax Treatment 34 35 SECTION 10.14 Furnishing Documents 34 35 SECTION 10.15 Information to Be Provided by the Indenture Trustee 35 SECTION 10.16 Limitation of Liability of Indenture Trustee and Owner Trustee 36 SCHEDULE A Schedule of Receivables APPENDIX A Definitions and Rules of Construction APPENDIX B Notice Addresses and Procedure THIS SERVICING AGREEMENT, dated as of March 29July 22, 20172015, is among ALLY BANKFINANCIAL INC., a Utah chartered bank Delaware corporation (“Ally BankFinancial” which, in its capacity as servicer under this Agreement, is referred to as the “Servicer”), ALLY AUTO ASSETS LLC, a Delaware limited liability company (the “Depositor”), and ALLY AUTO RECEIVABLES TRUST 20172015-21, a Delaware statutory trust (the “Issuing Entity”).