LIMITED GUARANTYLimited Guaranty • October 18th, 2007 • Santander Drive Auto Receivables Trust 2007-1 • Asset-backed securities • New York
This Limited Guaranty (this “Guaranty”) is entered into as of October 15, 2007, by Banco Santander, S.A. (the “Guarantor”), in favor of Santander Drive Auto Receivables Trust 2007-1 (the “Issuer”), Wells Fargo Bank, National Association, as Indenture Trustee under the Indenture referred to below (in such capacity, the “Indenture Trustee”), U.S. Bank Trust National Association, as Owner Trustee under the Trust Agreement (the “Owner Trustee”) and Financial Guaranty Insurance Company (the “Note Insurer”).
SECOND AMENDMENT TO SALE AND SERVICING AGREEMENT (Santander Drive Auto Receivables Trust 2007-1)Sale and Servicing Agreement • October 18th, 2007 • Santander Drive Auto Receivables Trust 2007-1 • Asset-backed securities • New York
This SECOND AMENDMENT TO SALE AND SERVICING AGREEMENT (this “Amendment”), dated as of October 15, 2007, is entered into among SANTANDER DRIVE AUTO RECEIVABLES TRUST 2007-1, as issuer (the “Issuer”), SANTANDER DRIVE AUTO RECEIVABLES LLC, as seller (the “Seller”), SANTANDER CONSUMER USA INC., as servicer (the “Servicer”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, as indenture trustee (in such capacity, the “Indenture Trustee”), and as backup servicer (in such capacity, the “Backup Servicer”), and amends the Sale and Servicing Agreement, dated as of April 4, 2007, as amended by the First Amendment to Sale and Servicing Agreement dated as of August 30, 2007 (collectively the “Sale and Servicing Agreement”), among the Issuer, the Seller, the Servicer, the Trust Collateral Agent, the Indenture Trustee and the Backup Servicer.
FIRST AMENDMENT TO SALE AND SERVICING AGREEMENT SANTANDER DRIVE AUTO RECEIVABLES TRUST 2007-1Sale and Servicing Agreement • October 18th, 2007 • Santander Drive Auto Receivables Trust 2007-1 • Asset-backed securities • New York
This FIRST AMENDMENT TO SALE AND SERVICING AGREEMENT (this “Amendment”), dated as of August 30, 2007, is entered into among SANTANDER DRIVE AUTO RECEIVABLES TRUST 2007-1, as issuer (the “Issuer”), SANTANDER DRIVE AUTO RECEIVABLES LLC, as seller (the “Seller”), SANTANDER CONSUMER USA INC., as servicer (the “Servicer”), WELLS FARGO BANK, NATIONAL ASSOCIATION (“Wells Fargo”), as indenture trustee (in such capacity, the “Indenture Trustee”) and backup servicer (in such capacity, the “Backup Servicer”), and amends the Sale and Servicing Agreement, dated as of April 4, 2007 (the “Sale and Servicing Agreement”), among the Issuer, the Seller, the Servicer, the Indenture Trustee and the Backup Servicer.
FIRST AMENDMENT TO INSURANCE AGREEMENT (Santander Drive Auto Receivables Trust 2007-1)Insurance Agreement • October 18th, 2007 • Santander Drive Auto Receivables Trust 2007-1 • Asset-backed securities • New York
This FIRST AMENDMENT TO INSURANCE AGREEMENT (this “Amendment”), dated as of October 15, 2007, is entered into among FINANCIAL GUARANTY INSURANCE COMPANY, as Insurer (the “Insurer”), SANTANDER DRIVE AUTO RECEIVABLES LLC, as Seller (the “Seller”), SANTANDER CONSUMER USA INC., as Servicer (the “Servicer”), SANTANDER DRIVE AUTO RECEIVABLES TRUST 2007-1, as Issuer (the “Issuer”), WELLS FARGO BANK, NATIONAL ASSOCIATION, as Indenture Trustee (the “Indenture Trustee”) and Backup Servicer (the “Backup Servicer”), U.S. BANK TRUST NATIONAL ASSOCIATION, not in its individual capacity, but solely as Owner Trustee (the “Owner Trustee”), and SANTANDER CONSUMER USA INC., as originator (the “Originator”), and amends the Insurance Agreement, dated as of April 4, 2007 (the “Insurance Agreement”), among the Insurer, the Seller, the Servicer, the Issuer, the Indenture Trustee, the Backup Servicer, the Owner Trustee and the Originator.
