Common use of Usage and Definitions Clause in Contracts

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July 1, 2016 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July January 1, 2016 2018 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July January 1, 2016 2022 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July 1, 2016 2021 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July 1, 2016 2018 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July April 1, 2016 2023 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July January 1, 2016 2024 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July January 1, 2016 2020 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July January 1, 2016 2017 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July September 1, 2016 2021 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July April 1, 2016 2019 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July April 1, 2016 2020 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July April 1, 2016 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July April 1, 2016 2024 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July 1, 2016 2024 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July October 1, 2016 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July January 1, 2016 2021 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July October 1, 2016 2018 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July October 1, 2016 2020 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July April 1, 2016 2018 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July February 1, 2016 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July January 1, 2016 2023 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July October 1, 2016 2022 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July 1, 2016 2019 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July January 1, 2016 2019 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July April 1, 2016 2022 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July April 1, 2016 2021 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July April 1, 2016 2017 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July October 1, 2016 2023 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July 1, 2016 2023 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July November 1, 2016 2024 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July 1, 2016 2022 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July October 1, 2016 2017 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July 1, 2016 2017 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July October 1, 2016 2019 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July 1[___], 2016 20[__] (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor[,] [and] the Servicer [and [___], and the Serviceras backup servicer].

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July 1, 2016 2020 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of July 1[ ], 2016 20[ ] (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor[,] [and] the Servicer [and [ ], and the Serviceras backup servicer].