Common use of TERMINATION      27 Clause in Contracts

TERMINATION      27. Optional Purchase of All Receivables; Insolvency of the Depositor; Termination of Trust 27 SECTION 9.01 Custody of Receivable Files 29 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 34 SECTION 10.07 Headings 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 35 SECTION 10.14 Furnishing Documents 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 August 15, 2012, among ALLY FINANCIAL INC., a Delaware corporation (“Ally Financial” 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 2012-4, a Delaware statutory trust (the “Issuing Entity”).

TERMINATION      27. 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 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 34 SECTION 10.07 Headings 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 35 SECTION 10.14 Furnishing Documents 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 August 15May 24, 20122017, is among ALLY FINANCIAL INC.BANK, a Delaware corporation Utah chartered bank (“Ally FinancialBank” 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 20122017-43, a Delaware statutory trust (the “Issuing Entity”).

TERMINATION      27. Optional Purchase of All Receivables; Insolvency of the Depositor; Termination of Trust 27 SECTION 9.01 Custody of Receivable Files 29 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 34 SECTION 10.07 Headings 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 35 SECTION 10.14 Furnishing Documents 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 August 15November 22, 20122017, is among ALLY FINANCIAL INC.BANK, a Delaware corporation Utah chartered bank (“Ally FinancialBank” 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 20122017-45, a Delaware statutory trust (the “Issuing Entity”).

TERMINATION      27. Optional Purchase of All Receivables; Insolvency of the Depositor; Termination of Trust 27 SECTION 9.01 Custody of Receivable Files 29 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 34 SECTION 10.07 Headings 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 35 SECTION 10.14 Furnishing Documents 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 August 15March 2, 20122016, is among ALLY FINANCIAL INC., a Delaware corporation (“Ally Financial” 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 20122016-42, a Delaware statutory trust (the “Issuing Entity”).

TERMINATION      27. Optional Purchase of All Receivables; Insolvency of the Depositor; Termination of Trust 27 SECTION 9.01 Custody of Receivable Files 29 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 34 33 SECTION 10.07 Headings 34 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 35 34 SECTION 10.14 Furnishing Documents 35 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 August 15March 29, 20122017, is among ALLY FINANCIAL INC.BANK, a Delaware corporation Utah chartered bank (“Ally FinancialBank” 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 20122017-42, a Delaware statutory trust (the “Issuing Entity”).

TERMINATION      27. Optional Purchase of All Receivables; Insolvency of the Depositor; Termination of Trust 27 SECTION 9.01 Custody of Receivable Files 29 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 34 SECTION 10.07 Headings 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 35 SECTION 10.14 Furnishing Documents 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 August 15January 27, 20122016, is among ALLY FINANCIAL INC., a Delaware corporation (“Ally Financial” 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 20122016-41, a Delaware statutory trust (the “Issuing Entity”).

TERMINATION      27. Optional Purchase of All Receivables; Insolvency of the Depositor; Termination of Trust 27 SECTION 9.01 Custody of Receivable Files 29 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 34 SECTION 10.07 Headings 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 35 SECTION 10.14 Furnishing Documents 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 August 1523, 20122017, is among ALLY FINANCIAL INC.BANK, a Delaware corporation Utah chartered bank (“Ally FinancialBank” 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 20122017-4, a Delaware statutory trust (the “Issuing Entity”).

TERMINATION      27. Optional Purchase of All Receivables; Insolvency of the Depositor; Termination of Trust 27 SECTION 9.01 Custody of Receivable Files 29 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 34 SECTION 10.07 Headings 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 35 SECTION 10.14 Furnishing Documents 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 August 15May 31, 20122016, is among ALLY FINANCIAL INC., a Delaware corporation (“Ally Financial” 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 20122016-43, a Delaware statutory trust (the “Issuing Entity”).

TERMINATION      27. Optional Purchase of All Receivables; Insolvency of the Depositor; Termination of Trust 27 SECTION 9.01 Custody of Receivable Files 29 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 34 33 SECTION 10.07 Headings 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 35 SECTION 10.14 Furnishing Documents 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 August 15July 22, 20122015, is among ALLY FINANCIAL INC., a Delaware corporation (“Ally Financial” 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 20122015-41, a Delaware statutory trust (the “Issuing Entity”).

TERMINATION      27. Optional Purchase of All Receivables; Insolvency of the Depositor; Termination of Trust 27 SECTION 9.01 Custody of Receivable Files 29 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 34 33 SECTION 10.07 Headings 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 35 SECTION 10.14 Furnishing Documents 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 August 15July 22, 20122015, is among ALLY FINANCIAL INC., a Delaware corporation (“Ally Financial” 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 20122015-41, a Delaware statutory trust (the “Issuing Entity”).

TERMINATION      27. Optional Purchase of All Receivables; Insolvency of the Depositor; Termination of Trust 27 SECTION 9.01 Custody of Receivable Files 29 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 34 SECTION 10.07 Headings 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 35 SECTION 10.14 Furnishing Documents 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 August 15May 31, 20122016, is among ALLY FINANCIAL INC., a Delaware corporation (“Ally Financial” 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 20122016-43, a Delaware statutory trust (the “Issuing Entity”).