AMENDED AND RESTATED TRUST AGREEMENT among CREDIT ACCEPTANCE FUNDING LLC 2024-3 Seller THE REGULAR TRUSTEES and COMPUTERSHARE DELAWARE TRUST COMPANY Owner Trustee Dated as of September 26, 2024Trust Agreement • October 2nd, 2024 • Credit Acceptance Corp • Personal credit institutions • Delaware
This AMENDED AND RESTATED TRUST AGREEMENT, dated as of September 26, 2024, among CREDIT ACCEPTANCE FUNDING LLC 2024-3, a Delaware limited liability company, as sponsor and seller (together with its successors and assigns in such capacity, the “Seller”), each of the initial members of the Board of Trustees of the Trust, as Regular Trustees, and COMPUTERSHARE DELAWARE TRUST COMPANY, a Delaware limited purpose trust company, as owner trustee (solely in such capacity and not in its individual capacity and together with its successors and assigns in such capacity, the “Owner Trustee”).
SALE AND CONTRIBUTION AGREEMENTSale and Contribution Agreement • October 2nd, 2024 • Credit Acceptance Corp • Personal credit institutions • New York
This SALE AND CONTRIBUTION AGREEMENT, dated as of September 26, 2024 (the “Agreement”), is made between CREDIT ACCEPTANCE CORPORATION, a Michigan corporation (“CAC”), and CREDIT ACCEPTANCE FUNDING LLC 2024-3, a Delaware limited liability company (“Funding”).
CLASS B ASSET BACKED NOTES CLASS C ASSET BACKED NOTES CREDIT ACCEPTANCE AUTO LOAN TRUST 2024-3, as the Issuer CREDIT ACCEPTANCE FUNDING LLC 2024-3, as the Seller CREDIT ACCEPTANCE CORPORATION, as the Servicer and in its individual capacity...Sale and Servicing Agreement • October 2nd, 2024 • Credit Acceptance Corp • Personal credit institutions • New York
This Sale and Servicing Agreement, dated as of September 26, 2024, among CREDIT ACCEPTANCE AUTO LOAN TRUST 2024-3, a Delaware statutory trust (the “Issuer” or the “Trust”), CREDIT ACCEPTANCE FUNDING LLC 2024-3, a Delaware limited liability company, as Seller (the “Seller”), CREDIT ACCEPTANCE CORPORATION, a Michigan corporation, in its individual capacity (“Credit Acceptance”) and as Servicer (the “Servicer”) and COMPUTERSHARE TRUST COMPANY, N.A., a national banking association organized under the laws of the United States, in its capacity as Backup Servicer, Trust Collateral Agent and Indenture Trustee (in such capacity, respectively, the “Backup Servicer,” “Trust Collateral Agent” and “Indenture Trustee”).
BACKUP SERVICING AGREEMENT Dated as of September 26, 2024Backup Servicing Agreement • October 2nd, 2024 • Credit Acceptance Corp • Personal credit institutions • New York
BACKUP SERVICING AGREEMENT (the “Agreement”), dated as of [_], 2024, among COMPUTERSHARE TRUST COMPANY, N.A., a national banking association organized under the laws of the United States (“Computershare”), as backup servicer (the “Backup Servicer”), and as trust collateral agent (the “Trust Collateral Agent”), CREDIT ACCEPTANCE CORPORATION, a Michigan corporation (“Credit Acceptance” or the “Servicer”), CREDIT ACCEPTANCE FUNDING LLC 2024-3, a Delaware limited liability company (the “Seller”) and CREDIT ACCEPTANCE AUTO LOAN TRUST 2024-3, a Delaware statutory trust (the “Trust” or the “Issuer”).
CREDIT ACCEPTANCE AUTO LOAN TRUST 2024-3 $316,464,000 CLASS A ASSET BACKED NOTES $121,668,000 CLASS B ASSET BACKED NOTES $161,868,000 CLASS C ASSET BACKED NOTES INDENTURE Dated as of September 26, 2024 COMPUTERSHARE TRUST COMPANY, N.A. as the Trust...Indenture • October 2nd, 2024 • Credit Acceptance Corp • Personal credit institutions • New York
Page ARTICLE I Definitions and Incorporation by Reference................................. 2 SECTION 1.1. Definitions...................................................................... 2 SECTION 1.2. Rules of Construction..................................................... 10 ARTICLE II The Notes..................................................................................... 10 SECTION 2.1. Form............................................................................... 10 SECTION 2.2. Execution, Authentication and Delivery........................ 11 SECTION 2.3. Registration of Transfer and Exchange of Notes........... 12 SECTION 2.4. Mutilated, Destroyed, Lost, or Stolen Notes.................. 18 SECTION 2.5. Persons Deemed Owners................................................ 19 SECTION 2.7. Maintenance of Office or Agency.................................. 19 SECTION 2.8. Payment of Principal and Interest; Defaulted Interest.... 20 SECTION 2.9. Release of Collateral...
AMENDED AND RESTATED INTERCREDITOR AGREEMENTIntercreditor Agreement • October 2nd, 2024 • Credit Acceptance Corp • Personal credit institutions • New York
This Amended and Restated Intercreditor Agreement (this “Agreement”), dated September 26, 2024, is among Credit Acceptance Corporation (“CAC”), CAC Warehouse Funding LLC II (“Warehouse Funding II”), CAC Warehouse Funding LLC IV (“Warehouse Funding IV”), CAC Warehouse Funding LLC V (“Warehouse Funding V”), CAC Warehouse Funding LLC VI (“Warehouse Funding VI”), CAC Warehouse Funding LLC VIII (“Warehouse Funding VIII”), Credit Acceptance Funding LLC 2024-3 (“Funding 2024-3”), Credit Acceptance Funding LLC 2024-2 (“Funding 2024-2”), Credit Acceptance Funding LLC 2024-1 (“Funding 2024-1”), Credit Acceptance Funding LLC 2024-A (“Funding 2024-A”), Credit Acceptance Funding LLC 2023-5 (“Funding 2023-5”), Credit Acceptance Funding LLC 2023-A (“Funding 2023-A”), Credit Acceptance Funding LLC 2023-3 (“Funding 2023-3”), Credit Acceptance Funding LLC 2023-2 (“Funding 2023-2”), Credit Acceptance Funding LLC 2023-1 (“Funding 2023-1”), Credit Acceptance Funding LLC 2022-3 (“Funding 2022-3”), Credit Ac
