LOAN AND SERVICING AGREEMENT dated as of October 1, 2010 among SOC SPV1, LLC, as Borrower SNAP-ON CREDIT LLC, as Servicer THE COMMERCIAL PAPER CONDUITS FROM TIME TO TIME PARTY HERETO AS CONDUIT LENDERS, THE FINANCIAL INSTITUTIONS FROM TIME TO TIME...Loan and Servicing Agreement • October 4th, 2010 • SNAP-ON Inc • Cutlery, handtools & general hardware • New York
This LOAN AND SERVICING AGREEMENT dated as of October 1, 2010 is among SOC SPV1, LLC, a Delaware limited liability company (the “Borrower”), SNAP-ON CREDIT LLC, a Delaware limited liability company (“Snap-on Credit” and as initial servicer, together with its successors and permitted assigns, the “Servicer”), CERTAIN FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY HERETO AS CONDUIT LENDERS, CERTAIN FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY HERETO AS COMMITTED LENDERS, CERTAIN FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY HERETO AS ADMINISTRATIVE AGENTS, and JPMORGAN CHASE BANK, N.A. (“JPMorgan”) as the Program Agent. Capitalized terms used herein shall have the meanings specified in Section 1.01.
RECEIVABLES SALE AGREEMENT by and among SNAP-ON CREDIT LLC, as a Seller THE ENTITIES FROM TIME TO TIME PARTY HERETO AS SELLERS and SOC SPV1, LLC as Purchaser Dated as of October 1, 2010Receivables Sale Agreement • October 4th, 2010 • SNAP-ON Inc • Cutlery, handtools & general hardware • New York
THIS RECEIVABLES SALE AGREEMENT (as amended, restated, supplemented or otherwise modified from time to time, this “Agreement”), dated as of October 1, 2010 is made by and among Snap-on Credit LLC, a Delaware limited liability company, as a seller (together with its successors and assigns, “Snap-on Credit”), each Affiliate of Snap-on Credit who may, from time to time, with the prior written consent of the Program Agent and each Administrative Agent (in their sole discretion and subject to all applicable due diligence as may be required by such persons at such time), become a party hereto as sellers (together with Snap-on Credit, each a “Seller” and collectively, the “Sellers”) and SOC SPV1, LLC, a Delaware limited liability company, as purchaser hereunder (together with its successors and assigns, the “Purchaser”).
