ALLY AUTO RECEIVABLES TRUST 2010-1 $250,000,000 Asset Backed Notes, Class A-1 $204,000,000 Asset Backed Notes, Class A-2 $364,000,000 Asset Backed Notes, Class A-3 $90,900,000 Asset Backed Notes, Class A-4 ALLY AUTO ASSETS LLC (DEPOSITOR) ALLY BANK...Underwriting Agreement • March 22nd, 2010 • Ally Auto Receivables Trust 2010-1 • Asset-backed securities • New York
Ally Auto Assets LLC, a Delaware limited liability company (the “Depositor”), proposes to sell to the Underwriters $250,000,000 aggregate principal balance of Class A-1 Asset Backed Notes (the “Class A-1 Notes”), $204,000,000 aggregate principal balance of Class A-2 Asset Backed Notes (the “Class A-2 Notes”), $364,000,000 aggregate principal balance of Class A-3 Asset Backed Notes (the “Class A-3 Notes”), and $90,900,000 aggregate principal balance of Class A-4 Asset Backed Notes (the “Class A-4 Notes”, and together with Class A-1 Notes, Class A-2 Notes and the Class A-3 Notes, the “Offered Notes”) of the Ally Auto Receivables Trust 2010-1 (the “Trust”), to be issued pursuant to an indenture, to be dated as of the Closing Date (as defined below) (as amended and supplemented from time to time, the “Indenture”), between the Trust and Deutsche Bank Trust Company Americas, as indenture trustee (the “Indenture Trustee”). The Trust is also issuing concurrently with the Offered Notes $29,100,
