SALE AND SERVICING AGREEMENT by and among DRIVE AUTO RECEIVABLES TRUST 2024-1, as Issuer SANTANDER DRIVE AUTO RECEIVABLES LLC, as Seller SANTANDER CONSUMER USA INC., as Servicer and WILMINGTON TRUST, NATIONAL ASSOCIATION, as Indenture Trustee Dated as...Sale and Servicing Agreement • February 21st, 2024 • Drive Auto Receivables Trust 2024-1 • Asset-backed securities • New York
THIS SALE AND SERVICING AGREEMENT, dated as of February 21, 2024 (as amended, restated, supplemented or otherwise modified and in effect from time to time, this “Agreement”), is by and among DRIVE AUTO RECEIVABLES TRUST 2024-1, a Delaware statutory trust (the “Issuer”), SANTANDER DRIVE AUTO RECEIVABLES LLC, a Delaware limited liability company, as seller (the “Seller”), SANTANDER CONSUMER USA INC., an Illinois corporation (“Santander Consumer”), as servicer (in such capacity, the “Servicer”), and WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association, as indenture trustee (the “Indenture Trustee”).
ADMINISTRATION AGREEMENT between DRIVE AUTO RECEIVABLES TRUST 2024-1, as Issuer, SANTANDER CONSUMER USA INC., as Administrator and WILMINGTON TRUST, NATIONAL ASSOCIATION, as Indenture Trustee Dated as of February 21, 2024Administration Agreement • February 21st, 2024 • Drive Auto Receivables Trust 2024-1 • Asset-backed securities
THIS ADMINISTRATION AGREEMENT (as amended, restated, supplemented or otherwise modified and in effect from time to time, this “Agreement”) dated as of February 21, 2024, is between DRIVE AUTO RECEIVABLES TRUST 2024-1, a Delaware statutory trust (the “Issuer”), SANTANDER CONSUMER USA INC., an Illinois corporation, as administrator (“Santander Consumer” or the “Administrator”), and WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association, as indenture trustee (the “Indenture Trustee”). Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned such terms in Appendix A to the Sale and Servicing Agreement dated as of the date hereof (the “Sale and Servicing Agreement”) by and between Santander Drive Auto Receivables LLC, as seller, the Issuer, the Administrator, as servicer, and the Indenture Trustee.
DRIVE AUTO RECEIVABLES TRUST 2024-1 AMENDED AND RESTATED TRUST AGREEMENT between SANTANDER DRIVE AUTO RECEIVABLES LLC, as the Depositor CITIBANK, N.A., as the Owner Trustee and CITICORP TRUST DELAWARE, NATIONAL ASSOCIATION, as the Delaware Trustee...Trust Agreement • February 21st, 2024 • Drive Auto Receivables Trust 2024-1 • Asset-backed securities • Delaware
This AMENDED AND RESTATED TRUST AGREEMENT is made as of February 21, 2024 (as amended, restated, supplemented or otherwise modified and in effect from time to time, this “Agreement” or this “Trust Agreement”) between SANTANDER DRIVE AUTO RECEIVABLES LLC, a Delaware limited liability company, as the Depositor (the “Depositor”), CITIBANK, N.A., a national banking association, as the owner trustee (“Citibank” and in such capacity the “Owner Trustee”), and CITICORP TRUST DELAWARE, NATIONAL ASSOCIATION, a national banking association, as the Delaware trustee (“Citicorp” and in such capacity, the “Delaware Trustee” and together with the Owner Trustee, the “Trustees” and each a “Trustee”).
ASSET REPRESENTATIONS REVIEW AGREEMENT DRIVE AUTO RECEIVABLES TRUST 2024-1, as Issuer, SANTANDER CONSUMER USA INC., as Sponsor and Servicer and CLAYTON FIXED INCOME SERVICES LLC, as Asset Representations Reviewer Dated as of February 21, 2024Asset Representations Review Agreement • February 21st, 2024 • Drive Auto Receivables Trust 2024-1 • Asset-backed securities • New York
This ASSET REPRESENTATIONS REVIEW AGREEMENT is made and entered into as of February 21, 2024 (as amended, restated, supplemented or otherwise modified and in effect from time to time, this “Agreement”), by and between Drive Auto Receivables Trust 2024-1, a Delaware statutory trust (the “Issuer”), Santander Consumer USA Inc., an Illinois corporation (“SC”, and in its capacity as sponsor, the “Sponsor”, and in its capacity as servicer, the “Servicer”), and Clayton Fixed Income Services LLC, a Delaware limited liability company (“Clayton”, and in its capacity as asset representations reviewer, the “Asset Representations Reviewer”).
PURCHASE AGREEMENT dated as of February 21, 2024 between SANTANDER CONSUMER USA INC., as Seller and SANTANDER DRIVE AUTO RECEIVABLES LLC, as PurchaserPurchase Agreement • February 21st, 2024 • Drive Auto Receivables Trust 2024-1 • Asset-backed securities • New York
THIS PURCHASE AGREEMENT is made and entered into as of February 21, 2024 (as amended, restated, supplemented or otherwise modified and in effect from time to time, this “Agreement”) by SANTANDER CONSUMER USA INC., an Illinois corporation (“Santander Consumer”), and SANTANDER DRIVE AUTO RECEIVABLES LLC, a Delaware limited liability company (the “Purchaser”).
DRIVE AUTO RECEIVABLES TRUST 2024-1 SANTANDER DRIVE AUTO RECEIVABLES LLC Depositor SANTANDER CONSUMER USA INC. Sponsor and Servicer $394,440,000 5.83% Class A-2 Asset Backed Notes $175,000,000 5.35% Class A-3 Asset Backed Notes $165,090,000 5.31%...Drive Auto Receivables Trust 2024-1 • February 13th, 2024 • Asset-backed securities • New York
