CarMax Auto definition
Examples of CarMax Auto in a sentence
R-[__] evidencing a beneficial interest in the property of CarMax Auto Owner Trust 2025-4, a Delaware statutory trust (the “Trust”), which property includes a pool of retail installment sale contracts secured by new and used motor vehicles sold by CarMax Business Services, LLC, a Delaware limited liability company (the “Seller”), to CarMax Auto Funding LLC, a Delaware limited liability company (the “Depositor”), and sold by the Depositor to the Trust.
Capitalized terms used herein that are not otherwise defined shall have the meanings ascribed thereto in Appendix A to the Sale and Servicing Agreement, dated as of the date hereof, among CarMax Auto Owner Trust 2025-4, as issuer, the Depositor, and CarMax Business Services, LLC, as servicer, as amended, supplemented or otherwise modified and in effect from time to time.
The name of the statutory trust formed hereby is CarMax Auto Owner Trust 2025-4.
This certifies that CarMax Auto Funding LLC is the registered owner of a 100% Certificate Percentage Interest nonassessable, fully paid, beneficial interest in the Trust.
This Certificate of Trust of CarMax Auto Owner Trust 2025-4 (the “Trust”) is being filed to form a statutory trust under the Delaware Statutory Trust Act (12 Del.
Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of October 1, 2025 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.
Capitalized terms used herein that are not otherwise defined shall have the meanings ascribed thereto in Appendix A to the Sale and Servicing Agreement, dated as of the date hereof, among the Issuer, CarMax Auto Funding LLC, as depositor, and CarMax Business Services, LLC, as servicer, as amended, supplemented or otherwise modified and in effect from time to time.