CREDIT ACCEPTANCE AUTO LOAN TRUST 2008-1 CLASS A ASSET BACKED NOTES CREDIT ACCEPTANCE AUTO LOAN TRUST 2008-1, as the Issuer CREDIT ACCEPTANCE FUNDING LLC 2008-1, as the Seller CREDIT ACCEPTANCE CORPORATION, as the Servicer and in its individual...Sale and Servicing Agreement • April 24th, 2008 • Credit Acceptance Corporation • Personal credit institutions • New York
This Sale and Servicing Agreement, dated as of April 18, 2008, among CREDIT ACCEPTANCE AUTO LOAN TRUST 2008-1 (the “Issuer” or the “Trust”), CREDIT ACCEPTANCE FUNDING LLC 2008-1, 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 WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association organized under the laws of the United States, in its capacity as Backup Servicer, Trust Collateral Agent and Indenture Trustee (the “Backup Servicer,” “Trust Collateral Agent” and “Indenture Trustee”).
BACKUP SERVICING AGREEMENTBackup Servicing Agreement • April 24th, 2008 • Credit Acceptance Corporation • Personal credit institutions • New York
CONTRIBUTION AGREEMENTContribution Agreement • April 24th, 2008 • Credit Acceptance Corporation • Personal credit institutions • Michigan
This CONTRIBUTION AGREEMENT, dated as of April 18, 2008 (the “Agreement”), is made between CREDIT ACCEPTANCE CORPORATION, a Michigan corporation (“CAC”) and CREDIT ACCEPTANCE FUNDING LLC 2008-1, a Delaware limited liability company (“Funding”).
INTERIM TRUST AGREEMENTInterim Trust Agreement • April 24th, 2008 • Credit Acceptance Corporation • Personal credit institutions • Delaware
THIS INTERIM TRUST AGREEMENT is made this 18th day of April, 2008 (this “Agreement”) by and between CREDIT ACCEPTANCE FUNDING LLC 2008-1, a Delaware limited liability company, as sponsor (the “Sponsor”), and U.S. BANK TRUST NATIONAL ASSOCIATION, a national banking association, as Owner Trustee (in such capacity, the “Owner Trustee”). The Sponsor and the Owner Trustee hereby agree as follows:
INTERCREDITOR AGREEMENTIntercreditor Agreement • April 24th, 2008 • Credit Acceptance Corporation • Personal credit institutions • New York
