Backup Servicing Agreement Sample Contracts

BACKUP SERVICING AGREEMENT Dated as of September 26, 2024
Backup Servicing Agreement • October 2nd, 2024 • Credit Acceptance Corp • Personal credit institutions • New York

BACKUP SERVICING AGREEMENT (the “Agreement”), dated as of [_], 2024, among COMPUTERSHARE TRUST COMPANY, N.A., a national banking association organized under the laws of the United States (“Computershare”), as backup servicer (the “Backup Servicer”), and as trust collateral agent (the “Trust Collateral Agent”), CREDIT ACCEPTANCE CORPORATION, a Michigan corporation (“Credit Acceptance” or the “Servicer”), CREDIT ACCEPTANCE FUNDING LLC 2024-3, a Delaware limited liability company (the “Seller”) and CREDIT ACCEPTANCE AUTO LOAN TRUST 2024-3, a Delaware statutory trust (the “Trust” or the “Issuer”).

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BACKUP SERVICING AGREEMENT CARVANA AUTO RECEIVABLES TRUST 2022-P3, as Issuing Entity and CARVANA AUTO RECEIVABLES GRANTOR TRUST 2022-P3, as Grantor Trust and BRIDGECREST CREDIT COMPANY, LLC, as Servicer and VERVENT INC. as Backup Servicer Dated as of...
Backup Servicing Agreement • September 12th, 2022 • Carvana Auto Receivables Trust 2022-P3 • Asset-backed securities • New York

This BACKUP SERVICING AGREEMENT, dated as of September 8, 2022 (this “Agreement”), is entered into by and among CARVANA AUTO RECEIVABLES TRUST 2022-P3, in its capacity as a client (the “Issuing Entity”), CARVANA AUTO RECEIVABLES GRANTOR TRUST 2022-P3, in its capacity as a client (the “Grantor Trust”, together with the Issuing Entity, the “Clients,” and each individually, a “Client”), BRIDGECREST CREDIT COMPANY, LLC, an Arizona limited liability company, in its capacity as servicer (the “Servicer”), and VERVENT INC., a Delaware corporation (the “Backup Servicer”).

BACKUP SERVICING AGREEMENT among CNH CAPITAL RECEIVABLES LLC, as Seller NEW HOLLAND CREDIT COMPANY, LLC, as Servicer CNH EQUIPMENT TRUST 20XX-Y, as Issuing Entity and [ ] as Backup Servicer Dated as of [Month Day], 20XX
Backup Servicing Agreement • June 24th, 2014 • CNH Capital Receivables LLC • Asset-backed securities • New York

THIS BACKUP SERVICING AGREEMENT, dated as of [Month Day], 20XX, (this “Agreement”) is made among NEW HOLLAND CREDIT COMPANY, LLC, a Delaware limited liability company (the “Servicer”), CNH CAPITAL RECEIVABLES LLC, a Delaware limited liability company (the “Seller”), CNH EQUIPMENT TRUST 20XX-Y, a Delaware statutory trust (the “Issuing Entity”), and [ ], a [ ] (the “Backup Servicer” or “[ ]”).

WITNESSETH:
Backup Servicing Agreement • April 18th, 2007 • Credit Acceptance Corporation • Personal credit institutions • New York
BACKUP SERVICING AGREEMENT
Backup Servicing Agreement • December 21st, 2022 • Credit Acceptance Corp • Personal credit institutions • New York

This BACKUP SERVICING AGREEMENT (the “Agreement”), dated as of December 15, 2022, by and among COMPUTERSHARE TRUST COMPANY, N.A., a national banking association, through its Computershare Corporate Trust division (“Computershare” or the “Backup Servicer”), BANK OF MONTREAL, acting through its Chicago Branch, as collateral agent (the “Collateral Agent”), CREDIT ACCEPTANCE CORPORATION, a Michigan corporation (“Credit Acceptance” or the “Servicer”), BMO CAPITAL MARKETS CORP., a Delaware corporation, as deal agent (in its capacity as deal agent, the “Deal Agent”), and CREDIT ACCEPTANCE FUNDING LLC 2022-2, a Delaware limited liability company (the “Borrower”).

BACKUP SERVICING AGREEMENT among CNH CAPITAL RECEIVABLES LLC, as Seller NEW HOLLAND CREDIT COMPANY, LLC, as Servicer CNH EQUIPMENT TRUST 2006-A, as Issuing Entity and SYSTEMS & SERVICES TECHNOLOGIES, INC. as Backup Servicer Dated as of March 1, 2006
Backup Servicing Agreement • March 21st, 2006 • CNH Equipment Trust 2006-A • Asset-backed securities • New York

THIS BACKUP SERVICING AGREEMENT, dated as of March 1, 2006, (this “Agreement”) is made among NEW HOLLAND CREDIT COMPANY, LLC, a Delaware limited liability company (the “Servicer”), CNH CAPITAL RECEIVABLES LLC, a Delaware limited liability company (the “Seller”), CNH EQUIPMENT TRUST 2006-A, a Delaware statutory trust (the “Issuing Entity”), SYSTEMS & SERVICES TECHNOLOGIES, INC., a Delaware corporation (the “Backup Servicer” or “SST”).

Contract
Backup Servicing Agreement • May 5th, 2020 • New York

EX-10.10 5 prosper10q63017ex1010.htm EXHIBIT 10.10 Exhibit 10.10 Execution Version CONFIDENTIAL TREATMENT [***] indicates that text has been omitted which is the subject of a confidential treatment request. This text has been separately filed with the SEC. BACKUP SERVICING AGREEMENT (NOTE CHANNEL) This BACKUP SERVICING AGREEMENT (NOTE CHANNEL), dated as of February 24, 2017 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, this “Agreement”), is entered into by and among PROSPER FUNDING LLC, a Delaware limited liability company (“PFL”), and PROSPER MARKETPLACE, INC., a Delaware corporation (“PMI” and, together with PFL, collectively, “Prosper”), in each case, as servicer (in such capacity, together with their respective successors and permitted assigns, “Servicer”), and FIRST ASSOCIATES LOAN SERVICING, LLC, a Delaware limited liability company, as backup servicer (in such capacity, together with its successors and permitted assigns, “Back

BACKUP SERVICING AGREEMENT
Backup Servicing Agreement • November 8th, 2010 • Credit Acceptance Corp • Personal credit institutions • New York

BACKUP SERVICING AGREEMENT (the “Agreement”), dated as of November 4, 2010, among WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association organized under the laws of the United States (“Wells Fargo”), as backup servicer (the “Backup Servicer”), and as trust collateral agent (the “Trust Collateral Agent”), CREDIT ACCEPTANCE CORPORATION, a Michigan corporation (“Credit Acceptance” or the “Servicer”), CREDIT ACCEPTANCE FUNDING LLC 2010-1, a Delaware limited liability company (the “Seller”) and CREDIT ACCEPTANCE AUTO LOAN TRUST 2010-1, a Delaware statutory trust (the “Trust” or the “Issuer”).

BACKUP SERVICING AGREEMENT CARVANA AUTO RECEIVABLES TRUST 2024-P2, as Issuing Entity and CARVANA AUTO RECEIVABLES GRANTOR TRUST 2024-P2, as Grantor Trust and BRIDGECREST CREDIT COMPANY, LLC, as Servicer and VERVENT INC. as Backup Servicer Dated as of...
Backup Servicing Agreement • June 13th, 2024 • Carvana Auto Receivables Trust 2024-P2 • Asset-backed securities • New York

This BACKUP SERVICING AGREEMENT, dated as of June 12, 2024 (this “Agreement”), is entered into by and among CARVANA AUTO RECEIVABLES TRUST 2024-P2, in its capacity as a client (the “Issuing Entity”), CARVANA AUTO RECEIVABLES GRANTOR TRUST 2024-P2, in its capacity as a client (the “Grantor Trust”, together with the Issuing Entity, the “Clients,” and each individually, a “Client”), BRIDGECREST CREDIT COMPANY, LLC, an Arizona limited liability company, in its capacity as servicer (the “Servicer”), and VERVENT INC., a Delaware corporation (the “Backup Servicer”).

BACKUP SERVICING AGREEMENT
Backup Servicing Agreement • April 9th, 2007 • Santander Drive Auto Receivables Trust 2007-1 • Asset-backed securities • New York

This Backup Servicing Agreement, dated as of April 4, 2007 (this “Agreement”), is among Financial Guaranty Insurance Company, as Insurer (the “Insurer”), Wells Fargo Bank, National Association, as Backup Servicer (the “Backup Servicer”) and as Indenture Trustee (the “Indenture Trustee”), Santander Drive Auto Receivables Trust 2007-1, as Issuer (the “Issuer”), Santander Drive Auto Receivables LLC, as Seller (the “Seller”), and Santander Consumer USA Inc., as Servicer (“Santander Consumer”).

W I T N E S E T H:
Backup Servicing Agreement • April 14th, 2000 • National Auto Finance Co Inc • Personal credit institutions • New York
Contract
Backup Servicing Agreement • May 5th, 2020 • California

EX-10.25 7 ex10_25.htm EXHIBIT 10.25 Exhibit 10.25 BACKUP SERVICING AGREEMENT This BACKUP SERVICTNG AGREEMENT (the "Agreement"), dated as of January 9, 2014 (the "Effective Date''), is entered into by and between Prosper Funding LLC, a Delaware limited liability company ("PFL"), and First Associates Loan Servicing, LLC, a Delaware limited liability company (the "Backup Servicer"). WHEREAS, PFL owns an online credit platform (the "Platform"), pursuant to which individuals can obtain unsecured consumer loans ("Loans") originated by WebBank, a Utah industrial bank. WHEREAS, PFL funds each Loan by either (i) issuing borrower payment dependent notes ("Notes", and together with "Loans", the «Obligations") that are entirely dependent for payment on payments received on the corresponding Loan (the "Note Channel"); or (ii) agreeing to sell the Loan to certain qualified institutions, provided that PFL is retained as servicer of the Loan (the "Whole Loan Channel"). WHEREAS, PFL desires that Backu

SECOND AMENDMENT TO BACKUP SERVICING AGREEMENT
Backup Servicing Agreement • May 15th, 2018 • Credit Acceptance Corp • Personal credit institutions • New York

This SECOND AMENDMENT TO BACKUP SERVICING AGREEMENT, dated as of May 10, 2018 (the “Amendment”), is made pursuant to that certain Backup Servicing Agreement dated as of August 19, 2011 (as amended, modified or supplemented from time to time, the “Agreement”), among WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association (“Wells Fargo” or the “Backup Servicer”), BANK OF MONTREAL, as collateral agent (the “Collateral Agent”), CREDIT ACCEPTANCE CORPORATION, a Michigan corporation (“Credit Acceptance” or the “Servicer”), BMO CAPITAL MARKETS CORP., a Delaware corporation (the “Deal Agent”), and CAC WAREHOUSE FUNDING LLC IV, a Delaware limited liability company (the “Borrower”).

Attachment A SAMPLE BACKUP SERVICING AGREEMENT
Backup Servicing Agreement • February 7th, 2023 • New York
BACKUP SERVICING AGREEMENT
Backup Servicing Agreement • April 9th, 2007 • Novastar Mortgage Funding Trust, Series 2007-1 • Asset-backed securities • New York
FIRST AMENDMENT TO BACKUP SERVICING AGREEMENT
Backup Servicing Agreement • May 15th, 2015 • Credit Acceptance Corp • Personal credit institutions • New York

This FIRST AMENDMENT TO BACKUP SERVICING AGREEMENT, dated as of May 13, 2015 (the “Amendment”), is made pursuant to that certain Backup Servicing Agreement dated as of August 19, 2011 (as amended, modified or supplemented from time to time, the “Agreement”), among WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association (“Wells Fargo” or the “Backup Servicer”), BANK OF MONTREAL, as collateral agent (the “Collateral Agent”), CREDIT ACCEPTANCE CORPORATION, a Michigan corporation (“Credit Acceptance” or the “Servicer”), BMO CAPITAL MARKETS CORP., a Delaware corporation (the “Deal Agent”), and CAC WAREHOUSE FUNDING LLC IV, a Delaware limited liability company (the “Borrower”).

BACKUP SERVICING AGREEMENT AMONG NAVISTAR FINANCIAL CORPORATION as Servicer NAVISTAR FINANCIAL SECURITIES CORPORATION as Seller THE BANK OF NEW YORK MELLON as Master Trust Trustee and WELLS FARGO BANK, NATIONAL ASSOCIATION as Backup Servicer DATED AS...
Backup Servicing Agreement • November 17th, 2009 • Navistar Financial Dealer Note Master Owner Trust • Asset-backed securities • New York

THIS BACKUP SERVICING AGREEMENT, dated as of November 10, 2009, by and among NAVISTAR FINANCIAL CORPORATION, a Delaware corporation, as Servicer (the “Servicer”), NAVISTAR FINANCIAL SECURITIES CORPORATION, a Delaware corporation, as Seller (the “Seller”), THE BANK OF NEW YORK MELLON, a New York banking corporation, not in its individual capacity but solely as Master Trust Trustee (the “Master Trust Trustee”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as Backup Servicer (the “Backup Servicer”).

BACKUP SERVICING AGREEMENT1
Backup Servicing Agreement • July 2nd, 2020 • Carvana Receivables Depositor LLC • New York
BACKUP SERVICING AGREEMENT
Backup Servicing Agreement • November 2nd, 2007 • Credit Acceptance Corporation • Personal credit institutions • New York
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BACKUP SERVICING AGREEMENT among CNH WHOLESALE RECEIVABLES INC., as Transferor CASE CREDIT CORPORATION, as Servicer CNH WHOLESALE MASTER NOTE TRUST, as Issuer and SYSTEMS & SERVICES TECHNOLOGIES, INC. as Backup Servicer Dated as of March 26, 2004
Backup Servicing Agreement • May 31st, 2006 • CNH Wholesale Receivables LLC • Asset-backed securities • New York

THIS BACKUP SERVICING AGREEMENT, dated as of March 26, 2004, is made among CASE CREDIT CORPORATION, a Delaware corporation (the “Servicer”), CNH WHOLESALE RECEIVABLES INC., a Delaware corporation (the “Transferor”), CNH WHOLESALE MASTER NOTE TRUST, a Delaware statutory trust (the “Issuer”), and SYSTEMS & SERVICES TECHNOLOGIES, INC., a Delaware corporation ( “SST”).

BACKUP SERVICING AGREEMENT
Backup Servicing Agreement • June 8th, 2007 • NovaStar Certificates Financing CORP • Asset-backed securities • New York
AMENDMENT NO. 1 TO AMENDED AND RESTATED BACKUP SERVICING AGREEMENT
Backup Servicing Agreement • July 23rd, 2014 • Credit Acceptance Corp • Personal credit institutions • New York

AMENDMENT NO. 1 TO AMENDED AND RESTATED BACKUP SERVICING AGREEMENT, dated as of July 18, 2014 (this “Amendment”), is entered into in connection with that certain AMENDED AND RESTATED BACKUP SERVICING AGREEMENT, dated December 27, 2012 (as amended, supplemented, restated or replaced from time to time, the “Agreement”), by and among WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association (“Wells Fargo” or the “Backup Servicer” and, in its capacity as collateral agent, the “Collateral Agent”), CREDIT ACCEPTANCE CORPORATION, a Michigan corporation (“Credit Acceptance” or the “Servicer”), WELLS FARGO SECURITIES, LLC, a Delaware limited liability company (in its capacity as deal agent, the “Deal Agent”) and CAC WAREHOUSE FUNDING CORPORATION II, a Nevada corporation (the “Borrower”)

BACKUP SERVICING AGREEMENT
Backup Servicing Agreement • December 4th, 2023 • Credit Acceptance Corp • Personal credit institutions • New York

This BACKUP SERVICING AGREEMENT (this “Agreement”), dated as of November 30, 2023, among COMPUTERSHARE TRUST COMPANY, N.A., a national banking association, through its Computershare Corporate Trust division (“Computershare” or the “Backup Servicer” and, in its capacity as collateral agent, the “Collateral Agent”), CREDIT ACCEPTANCE CORPORATION, a Michigan corporation (“Credit Acceptance” or the “Servicer”), WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as deal agent (in its capacity as deal agent, the “Deal Agent”), and CREDIT ACCEPTANCE FUNDING LLC 2023- A a Delaware limited liability company (the “Borrower”).

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