CREDIT ACCEPTANCE CORPORATION REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • March 3rd, 2011 • Credit Acceptance Corp • Personal credit institutions • New York
Credit Acceptance Corporation, a Michigan corporation (the “Issuer”), proposes to issue and sell to Credit Suisse, as representative of the initial purchasers set forth on Schedule I hereto (the “Initial Purchasers”), upon the terms set forth in a purchase agreement dated February 28, 2011 (the “Purchase Agreement”), $100,000,000 aggregate principal amount of its 9.125% First Priority Senior Secured Notes due 2017 (the “Initial Securities”) to be unconditionally guaranteed (the “Guarantees”) by Buyers Vehicle Protection Plan, Inc. and Vehicle Remarketing Services, Inc. (the “Guarantors” and together with the Issuer, the “Company”). The Initial Securities will be issued pursuant to an Indenture, dated as of February 1, 2010, as amended or supplemented (the “Indenture”), among the Issuer, the Guarantors named therein and U.S. Bank National Association (the “Trustee”). As an inducement to the Initial Purchasers, the Company agrees with the Initial Purchasers, for the benefit of the holder
FIRST SUPPLEMENTAL INDENTURESupplemental Indenture • March 3rd, 2011 • Credit Acceptance Corp • Personal credit institutions • New York
FIRST SUPPLEMENTAL INDENTURE (this “First Supplemental Indenture”), dated as of March 3, 2011, among Credit Acceptance Corporation, a Michigan corporation (the “Company”), Buyers Vehicle Protection Plan, Inc., a Michigan corporation (“BVPP”), Vehicle Remarketing Services, Inc., a Michigan corporation (together with BVPP, the “Guarantors”), and U.S. Bank National Association, a national banking association, as trustee under the Indenture referred to below (the “Trustee”). Capitalized terms used but not defined herein have the respective meanings set forth in the Indenture.
