SALE AND SERVICING AGREEMENT by and between DRIVE AUTO RECEIVABLES TRUST 2024-2, as Issuer SANTANDER DRIVE AUTO RECEIVABLES LLC, as Seller SANTANDER CONSUMER USA INC., as Servicer and CITIBANK, N.A., as Indenture Trustee Dated as of September 25, 2024Sale and Servicing Agreement • September 19th, 2024 • Drive Auto Receivables Trust 2024-2 • Asset-backed securities • New York
THIS SALE AND SERVICING AGREEMENT, dated as of September 25, 2024 (as amended, restated, supplemented or otherwise modified and in effect from time to time, this “Agreement”), is by and between DRIVE AUTO RECEIVABLES TRUST 2024-2, a Delaware statutory trust (the “Issuer”), SANTANDER DRIVE AUTO RECEIVABLES LLC, a Delaware limited liability company, as seller (the “Seller”), SANTANDER CONSUMER USA INC., an Illinois corporation (“Santander Consumer”), as servicer (in such capacity, the “Servicer”), and CITIBANK, N.A., a national banking association, as indenture trustee (the “Indenture Trustee”).
ADMINISTRATION AGREEMENT between DRIVE AUTO RECEIVABLES TRUST 2024-2, as Issuer, SANTANDER CONSUMER USA INC., as Administrator and CITIBANK, N.A., as Indenture Trustee Dated as of September 25, 2024Administration Agreement • September 19th, 2024 • Drive Auto Receivables Trust 2024-2 • Asset-backed securities
THIS ADMINISTRATION AGREEMENT (as amended, restated, supplemented or otherwise modified and in effect from time to time, this “Agreement”) dated as of September 25, 2024, is between DRIVE AUTO RECEIVABLES TRUST 2024-2, a Delaware statutory trust (the “Issuer”), SANTANDER CONSUMER USA INC., an Illinois corporation, as administrator (“Santander Consumer” or the “Administrator”), and CITIBANK, N.A., a national banking association, as indenture trustee (the “Indenture Trustee”). Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned such terms in Appendix A to the Sale and Servicing Agreement dated as of the date hereof (the “Sale and Servicing Agreement”) by and between Santander Drive Auto Receivables LLC, as seller, the Issuer, the Administrator, as servicer, and the Indenture Trustee.
DRIVE AUTO RECEIVABLES TRUST 2024-2 THIRD AMENDED AND RESTATED TRUST AGREEMENT between SANTANDER DRIVE AUTO RECEIVABLES LLC, as the Depositor and WILMINGTON TRUST, NATIONAL ASSOCIATION, as the Owner Trustee Dated as of September 25, 2024Trust Agreement • September 19th, 2024 • Drive Auto Receivables Trust 2024-2 • Asset-backed securities • Delaware
This THIRD AMENDED AND RESTATED TRUST AGREEMENT is made as of September 25, 2024 (as amended, restated, supplemented or otherwise modified and in effect from time to time, this “Agreement” or this “Trust Agreement”) between SANTANDER DRIVE AUTO RECEIVABLES LLC, a Delaware limited liability company, as the Depositor (the “Depositor”), and WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association, as the owner trustee (“Wilmington Trust” and in such capacity the “Owner Trustee”).
ASSET REPRESENTATIONS REVIEW AGREEMENT DRIVE AUTO RECEIVABLES TRUST 2024-2, as Issuer, SANTANDER CONSUMER USA INC., as Sponsor and Servicer and CLAYTON FIXED INCOME SERVICES LLC, as Asset Representations Reviewer Dated as of September 25, 2024Asset Representations Review Agreement • September 19th, 2024 • Drive Auto Receivables Trust 2024-2 • Asset-backed securities • New York
This ASSET REPRESENTATIONS REVIEW AGREEMENT is made and entered into as of September 25, 2024 (as amended, restated, supplemented or otherwise modified and in effect from time to time, this “Agreement”), by and between Drive Auto Receivables Trust 2024-2, a Delaware statutory trust (the “Issuer”), Santander Consumer USA Inc., an Illinois corporation (“SC”, and in its capacity as sponsor, the “Sponsor”, and in its capacity as servicer, the “Servicer”), and Clayton Fixed Income Services LLC, a Delaware limited liability company (“Clayton”, and in its capacity as asset representations reviewer, the “Asset Representations Reviewer”).
PURCHASE AGREEMENT dated as of September 25, 2024 between SANTANDER CONSUMER USA INC., as Seller and SANTANDER DRIVE AUTO RECEIVABLES LLC, as PurchaserPurchase Agreement • September 19th, 2024 • Drive Auto Receivables Trust 2024-2 • Asset-backed securities
THIS PURCHASE AGREEMENT is made and entered into as of September 25, 2024 (as amended, restated, supplemented or otherwise modified and in effect from time to time, this “Agreement”) by SANTANDER CONSUMER USA INC., an Illinois corporation (“Santander Consumer”), and SANTANDER DRIVE AUTO RECEIVABLES LLC, a Delaware limited liability company (the “Purchaser”).
