Common use of Actions by Owner Trustee Clause in Contracts

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 Section 4.04. Restrictions on Certificateholders’ Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. Application of Trust Funds 15 Section 5.02. Method of Payment 15 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.04. Accounting and Reports to Certificateholders, the IRS and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 18 Section 6.02. General Duties 18 Section 6.03. Action Upon Instruction 18 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 Section 6.05. No Action Except Under Specified Documents or Instructions 19 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 ARTICLE SEVEN THE OWNER TRUSTEE Section 7.01. Acceptance of Duties 21 Section 7.02. Furnishing of Documents 22 Section 7.03. Representations and Warranties 22 Section 7.04. Reliance; Advice of Counsel 23 Section 7.05. Not Acting in Individual Capacity 23 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 Section 7.07. Owner Trustee May Own Securities 24 Page ARTICLE EIGHT

Actions by Owner Trustee. 17 Section 4.01. 4.1 Prior Notice to Certificateholders with Respect to Certain Matters 13 17 Section 4.02. 4.2 Action by Certificateholders with Respect to Certain Matters 13 17 Section 4.03. 4.3 Action by Certificateholders with Respect to Bankruptcy 13 18 Section 4.04. 4.4 Restrictions on Certificateholders’ Power 14 18 Section 4.05. 4.5 Majority Control 14 Section 4.06. Certain Litigation Matters 14 18 ARTICLE FIVE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES 18 Section 5.01. 5.1 Establishment of Certificate Distribution Account 18 Section 5.2 Application of Trust Funds 15 19 Section 5.02. 5.3 Method of Payment 15 20 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.04. 5.4 Accounting and Reports to the Certificateholders, the IRS Internal Revenue Service and Others 16 20 Section 5.05. 5.5 Signature on Returns; Other Tax Matters Partner 16 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 18 Section 6.02. General Duties 18 Section 6.03. Action Upon Instruction 18 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 Section 6.05. No Action Except Under Specified Documents or Instructions 19 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 ARTICLE SEVEN VI THE OWNER TRUSTEE 21 Section 7.01. 6.1 Duties of Owner Trustee 21 Section 6.2 Rights of Owner Trustee 22 Section 6.3 Acceptance of Trusts and Duties 21 22 Section 7.02. 6.4 Action upon Instruction by Certificateholders 24 Section 6.5 Furnishing of Documents 22 24 Section 7.03. 6.6 Representations and Warranties 22 of Owner Trustee 25 Section 7.04. 6.7 Reliance; Advice of Counsel 23 25 Section 7.05. Not Acting in Individual Capacity 23 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 Section 7.07. 6.8 Owner Trustee May Own Securities 24 Page ARTICLE EIGHTCertificates and Notes 26 Section 6.9 Compensation and Indemnity 26 Section 6.10 Replacement of Owner Trustee 26 Section 6.11 Merger or Consolidation of Owner Trustee 27 Section 6.12 Appointment of Co-Trustee or Separate Trustee 28 Section 6.13 Eligibility Requirements for Owner Trustee 29 Section 6.14 Compliance with the FDIC Rule 29 Section 6.15 Notice of Events of Default 29 Table of Contents (continued) Page

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders Owners with Respect to Certain Matters 13 Section 4.02. Action by Certificateholders Owners with Respect to Certain Matters 13 14 Section 4.03. Action by Certificateholders Owners with Respect to Bankruptcy 13 14 Section 4.04. Restrictions on CertificateholdersOwners’ Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 15 ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. Establishment of Trust Account 15 Section 5.02. Application of Trust Funds 15 Section 5.025.03. Method of Payment 15 16 Section 5.035.04. No Segregation of Monies; No Interest 16 Section 5.045.05. Accounting and Reports to CertificateholdersOwners, the IRS Internal Revenue Service and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 18 17 Section 6.02. General Duties 18 17 Section 6.03. Action Upon Instruction 18 17 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 18 Section 6.05. No Action Except Under Specified Documents or Instructions 19 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 19 ARTICLE SEVEN CONCERNING THE OWNER TRUSTEE AND THE DELAWARE TRUSTEE Section 7.01. Acceptance of Trusts and Duties 21 19 Section 7.02. Furnishing of Documents 22 20 Section 7.03. Representations and Warranties 22 of the Owner Trustee and the Delaware Trustee 21 Section 7.04. Reliance; , Advice of Counsel 23 22 Section 7.05. Not Acting in Individual Capacity 23 Section 7.06. Owner Trustee and Delaware Trustee Not Liable for Basic Documents Trust Certificates or Certificates Receivables 23 Section 7.07. Owner Trustee or Delaware Trustee May Own Securities Trust Certificates and Notes 24 Page ARTICLE EIGHTSection 7.08. Duties of the Delaware Trustee 24

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 Section 4.04. Restrictions on Certificateholders’ Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. Application of Trust Funds 15 Section 5.02. Method of Payment 15 16 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.04. Accounting and Reports to Certificateholders, the IRS and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 Partnership Representative 17 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 18 Section 6.02. General Duties 18 Section 6.03. Action Upon Instruction 18 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 Section 6.05. No Action Except Under Specified Documents or Instructions 19 20 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 ARTICLE SEVEN THE OWNER TRUSTEE Section 7.01. Acceptance of Duties 21 Section 7.02. Furnishing of Documents 22 24 Section 7.03. Representations and Warranties 22 24 Section 7.04. Reliance; Advice of Counsel 23 25 Section 7.05. Not Acting in Individual Capacity 23 26 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 26 Section 7.07. Owner Trustee May Own Securities 24 Page ARTICLE EIGHT27 Page

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 10 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 11 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 11 Section 4.04. Restrictions on Certificateholders’ Power 14 11 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 11 ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. Establishment of Trust Account 11 Section 5.02. Application of Trust Funds 15 12 Section 5.025.03. Method of Payment 15 12 Section 5.035.04. No Segregation of Monies; No Interest 16 13 Section 5.045.05. Accounting and Reports to Certificateholders, the IRS Internal Revenue Service and Others 16 13 Section 5.055.06. Signature on Returns; Tax Matters Partner 16 Audit Procedure 14 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 18 15 Section 6.02. General Duties 18 15 Section 6.03. Action Upon Instruction 18 15 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 16 Section 6.05. No Action Except Under Specified Documents or Instructions 19 16 Section 6.06. Restrictions 20 16 Section 6.07. Notice to Administrator Covenants for Reporting of Repurchase Requests 20 Demands due to Breaches of Representations and Warranties 17 ARTICLE SEVEN CONCERNING THE OWNER TRUSTEE AND THE DELAWARE TRUSTEE Section 7.01. Acceptance of Trusts and Duties 21 17 Section 7.02. Furnishing of Documents 22 19 Section 7.03. Representations and Warranties 22 of the Owner Trustee and the Delaware Trustee 19 Section 7.04. Reliance; , Advice of Counsel 23 21 Section 7.05. Not Acting in Individual Capacity 23 21 Section 7.06. Owner Trustee and Delaware Trustee Not Liable for Basic Documents Trust Certificates or Certificates 23 Receivables 22 Section 7.07. Owner Trustee or Delaware Trustee May Own Securities 24 Page Trust Certificates and Notes 22 Section 7.08. Duties of the Delaware Trustee 22 ARTICLE EIGHTEIGHT COMPENSATION OF OWNER TRUSTEE AND THE DELAWARE TRUSTEE

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 Section 4.04. Restrictions on Certificateholders11 SECTION 4.1 PRIOR NOTICE TO CERTIFICATEHOLDERS WITH RESPECT TO CERTAIN MATTERS 11 SECTION 4.2 ACTION BY CERTIFICATEHOLDERS WITH RESPECT TO CERTAIN MATTERS 11 SECTION 4.3 ACTION BY CERTIFICATEHOLDERS WITH RESPECT TO BANKRUPTCY 12 SECTION 4.4 RESTRICTIONS ON CERTIFICATEHOLDERS’ Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 POWER 12 SECTION 4.5 MAJORITY CONTROL 12 ARTICLE FIVE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.0112 SECTION 5.1 ESTABLISHMENT OF CERTIFICATE DISTRIBUTION ACCOUNT. Application of Trust Funds 12 SECTION 5.2 APPLICATION OF TRUST FUNDS. 13 SECTION 5.3 METHOD OF PAYMENT 14 SECTION 5.4 ACCOUNTING AND REPORTS TO THE CERTIFICATEHOLDERS, THE INTERNAL REVENUE SERVICE AND OTHERS 14 SECTION 5.5 SIGNATURE ON RETURNS; OTHER TAX MATTERS 14 ARTICLE VI THE OWNER TRUSTEE 15 Section 5.02. Method of Payment 15 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.04. Accounting and Reports to Certificateholders, the IRS and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 ARTICLE SIX AUTHORITY AND SECTION 6.1 DUTIES OF OWNER TRUSTEE Section 6.01TRUSTEE. General Authority 18 Section 6.02. General Duties 18 Section 6.03. Action Upon Instruction 18 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 Section 6.05. No Action Except Under Specified Documents or Instructions 19 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 ARTICLE SEVEN THE 15 SECTION 6.2 RIGHTS OF OWNER TRUSTEE Section 7.0116 SECTION 6.3 ACCEPTANCE OF TRUSTS AND DUTIES 16 SECTION 6.4 ACTION UPON INSTRUCTION BY CERTIFICATEHOLDERS. Acceptance of Duties 21 Section 7.02. Furnishing of Documents 22 Section 7.03. Representations and Warranties 22 Section 7.04. Reliance; Advice of Counsel 23 Section 7.05. Not Acting in Individual Capacity 23 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 Section 7.07. Owner Trustee May Own Securities 24 Page ARTICLE EIGHT18 SECTION 6.5 FURNISHING OF DOCUMENTS 18

Actions by Owner Trustee. 17 Section 4.01. 4.1 Prior Notice to Certificateholders with Respect to Certain Matters 13 17 Section 4.02. 4.2 Action by Certificateholders with Respect to Certain Matters 13 18 Section 4.03. 4.3 Action by Certificateholders with Respect to Bankruptcy 13 18 Section 4.04. 4.4 Restrictions on Certificateholders’ Power 14 18 Section 4.05. 4.5 Majority Control 14 Section 4.06. Certain Litigation Matters 14 18 ARTICLE FIVE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES 19 Section 5.01. 5.1 Establishment of Certificate Distribution Account 19 Section 5.2 Application of Trust Funds 15 19 Section 5.02. 5.3 Method of Payment 15 20 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.04. 5.4 Accounting and Reports to the Certificateholders, the IRS Internal Revenue Service and Others 16 21 Section 5.05. 5.5 Signature on Returns; Other Tax Matters Partner 16 21 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 18 Section 6.02. General Duties 18 Section 6.03. Action Upon Instruction 18 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 Section 6.05. No Action Except Under Specified Documents or Instructions 19 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 ARTICLE SEVEN VI THE OWNER TRUSTEE 21 Section 7.01. 6.1 Duties of Owner Trustee 21 Section 6.2 Rights of Owner Trustee 22 Section 6.3 Acceptance of Trusts and Duties 21 22 Section 7.02. 6.4 Action upon Instruction by Certificateholders 25 Section 6.5 Furnishing of Documents 22 25 Section 7.03. 6.6 Representations and Warranties 22 of Owner Trustee 25 Section 7.04. 6.7 Reliance; Advice of Counsel 23 26 Section 7.05. Not Acting in Individual Capacity 23 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 Section 7.07. 6.8 Owner Trustee May Own Securities 24 Certificates and Notes 27 Section 6.9 Compensation and Indemnity 27 Section 6.10 Replacement of Owner Trustee 27 Section 6.11 Merger or Consolidation of Owner Trustee 28 Section 6.12 Appointment of Co-Trustee or Separate Trustee 28 Section 6.13 Eligibility Requirements for Owner Trustee 30 Section 6.14 Compliance with the FDIC Rule 30 Section 6.15 Notice of Events of Default 30 Table of Contents (continued) Page ARTICLE EIGHTVII TERMINATION OF TRUST AGREEMENT 30 Section 7.1 Termination of Trust Agreement 30 ARTICLE VIII AMENDMENTS 32 Section 8.1 Amendments Without Consent of Certificateholders or Noteholders 32 Section 8.2 Amendments With Consent of Certificateholders and Noteholders 32 Section 8.3 Form of Amendments 33 ARTICLE IX MISCELLANEOUS 33 Section 9.1 No Legal Title to Owner Trust Estate 33 Section 9.2 Limitations on Rights of Others 33 Section 9.3 Derivative Actions 33 Section 9.4 Notices 34 Section 9.5 Severability 34 Section 9.6 Counterparts 34 Section 9.7 Successors and Assigns 34 Section 9.8 No Petition 35 Section 9.9 No Recourse 35 Section 9.10 Headings 35 Section 9.11 Governing Law 35 Section 9.12 Indemnification by and Reimbursement of the Servicer 36 Section 9.13 Effect of Amendment and Restatement 36 Section 9.14 Information to be Provided by the Owner Trustee 36 Section 9.15 Foreign Certificateholder Voting Restriction 38 EXHIBIT A Form of [Temporary Regulation S Global] [Permanent Regulation S Global] [Rule 144A Global] Certificate EXHIBIT B Certificate of Trust EXHIBIT C Form of Undertaking Letter TRUST AGREEMENT, dated as of December 14, 2022, is between ALLY AUTO ASSETS LLC, a Delaware limited liability company, in its capacity as a depositor (the “Depositor”), and BNY MELLON TRUST OF DELAWARE, a Delaware banking corporation, as trustee and not in its individual capacity (the “Owner Trustee”), and as paying agent.

Actions by Owner Trustee. 17 Section 4.01. 4.1 Prior Notice to Certificateholders with Respect to Certain Matters 13 17 Section 4.02. 4.2 Action by Certificateholders with Respect to Certain Matters 13 18 Section 4.03. 4.3 Action by Certificateholders with Respect to Bankruptcy 13 18 Section 4.04. 4.4 Restrictions on Certificateholders’ Power 14 18 Section 4.05. 4.5 Majority Control 14 Section 4.06. Certain Litigation Matters 14 18 ARTICLE FIVE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES 19 Section 5.01. 5.1 Establishment of Certificate Distribution Account 19 Section 5.2 Application of Trust Funds 15 19 Section 5.02. 5.3 Method of Payment 15 20 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.04. 5.4 Accounting and Reports to the Certificateholders, the IRS Internal Revenue Service and Others 16 21 Section 5.05. 5.5 Signature on Returns; Other Tax Matters Partner 16 21 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 18 Section 6.02. General Duties 18 Section 6.03. Action Upon Instruction 18 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 Section 6.05. No Action Except Under Specified Documents or Instructions 19 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 ARTICLE SEVEN VI THE OWNER TRUSTEE 21 Section 7.01. 6.1 Duties of Owner Trustee 21 Section 6.2 Rights of Owner Trustee 22 Section 6.3 Acceptance of Trusts and Duties 21 22 Section 7.02. 6.4 Action upon Instruction by Certificateholders 25 Section 6.5 Furnishing of Documents 22 25 Section 7.03. 6.6 Representations and Warranties 22 of Owner Trustee 25 Section 7.04. 6.7 Reliance; Advice of Counsel 23 26 Section 7.05. Not Acting in Individual Capacity 23 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 Section 7.07. 6.8 Owner Trustee May Own Securities 24 Certificates and Notes 27 Section 6.9 Compensation and Indemnity 27 Section 6.10 Replacement of Owner Trustee 27 Section 6.11 Merger or Consolidation of Owner Trustee 28 Section 6.12 Appointment of Co-Trustee or Separate Trustee 28 Section 6.13 Eligibility Requirements for Owner Trustee 30 Section 6.14 Compliance with the FDIC Rule 30 Section 6.15 Notice of Events of Default 30 Table of Contents (continued) Page ARTICLE EIGHTVII TERMINATION OF TRUST AGREEMENT 30 Section 7.1 Termination of Trust Agreement 30 ARTICLE VIII AMENDMENTS 31 Section 8.1 Amendments Without Consent of Certificateholders or Noteholders 31 Section 8.2 Amendments With Consent of Certificateholders and Noteholders 32 Section 8.3 Form of Amendments 32 ARTICLE IX MISCELLANEOUS 33 Section 9.1 No Legal Title to Owner Trust Estate 33 Section 9.2 Limitations on Rights of Others 33 Section 9.3 Derivative Actions 33 Section 9.4 Notices 33 Section 9.5 Severability 34 Section 9.6 Counterparts 34 Section 9.7 Successors and Assigns 34 Section 9.8 No Petition 34 Section 9.9 No Recourse 35 Section 9.10 Headings 35 Section 9.11 Governing Law 35 Section 9.12 Indemnification by and Reimbursement of the Servicer 35 Section 9.13 Effect of Amendment and Restatement 36 Section 9.14 Information to be Provided by the Owner Trustee 36 Section 9.15 Foreign Certificateholder Voting Restriction 37 Section 9.16 Anti-Money Laundering Law 38 EXHIBIT A Form of [Temporary Regulation S Global] [Permanent Regulation S Global] [Rule 144A Global] Certificate EXHIBIT B Certificate of Trust EXHIBIT C Form of Undertaking Letter TRUST AGREEMENT, dated as of March 13, 2024, is between ALLY AUTO ASSETS LLC, a Delaware limited liability company, in its capacity as a depositor (the “Depositor”), and BNY MELLON TRUST OF DELAWARE, a Delaware banking corporation, as trustee and not in its individual capacity (the “Owner Trustee”), and as paying agent.

Actions by Owner Trustee. Section 4.015.01. Prior Notice to the Certificateholders with Respect to Certain Matters 13 16 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.035.02. Action by Certificateholders with Respect to Bankruptcy 13 18 Section 4.045.03. Restrictions on Certificateholders’ Power 14 18 Section 4.055.04. Majority Control 14 Section 4.06. Certain Litigation Matters 14 18 ARTICLE FIVE APPLICATION OF TRUST FUNDSVI TAX PROVISIONS; CERTAIN DUTIES Section 5.016.01. Application of Trust Funds 15 Federal Income Tax Provisions. 19 Section 5.026.02. Method of Payment 15 Withholding Taxes 19 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.046.03. Accounting and Reports to the Certificateholders, the IRS Internal Revenue Service and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 19 ARTICLE SIX VII AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.017.01. General Authority 18 20 Section 6.027.02. General Duties 18 21 Section 6.037.03. Action Upon upon Instruction 18 21 Section 6.047.04. No Duties Except as Specified in this Agreement Agreement, the Basic Documents or in Instructions 19 any Instructions. 22 Section 6.057.05. No Action Except Under under Specified Documents or Instructions 19 23 Section 6.067.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 23 ARTICLE SEVEN VIII CONCERNING THE OWNER TRUSTEE Section 7.018.01. Acceptance of Trusts and Duties 21 23 Section 7.028.02. Furnishing of Documents 22 25 Section 7.038.03. Representations and Warranties 22 of the Owner Trustee 25 Section 7.048.04. Reliance; Advice of Counsel 23 26 Section 7.058.05. Not Acting in Individual Capacity 23 26 Section 7.068.06. Owner Trustee Not Liable for Basic Documents the Certificates or Certificates 23 Mortgage Loans 27 Section 7.078.07. Owner Trustee May Own Securities 24 Page Notes 27 Section 8.08. Licenses 27 ARTICLE EIGHTIX

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 10 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 11 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 11 Section 4.04. Restrictions on Certificateholders’ Power 14 11 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 11 ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. Establishment of Trust Account 12 Section 5.02. Application of Trust Funds 15 12 Section 5.025.03. Method of Payment 15 12 Section 5.035.04. No Segregation of Monies; No Interest 16 13 Section 5.045.05. Accounting and Reports to Certificateholders, the IRS Internal Revenue Service and Others 16 13 Section 5.055.06. Signature on Returns; Tax Matters Partner 16 Audit Procedure. 14 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 18 15 Section 6.02. General Duties 18 15 Section 6.03. Action Upon Instruction 18 16 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 16 Section 6.05. No Action Except Under Specified Documents or Instructions 19 17 Section 6.06. Restrictions 20 17 Section 6.07. Notice to Administrator Covenants for Reporting of Repurchase Requests 20 Demands due to Breaches of Representations and Warranties 17 TABLE OF CONTENTS (continued) Page ARTICLE SEVEN CONCERNING THE OWNER TRUSTEE AND THE DELAWARE TRUSTEE Section 7.01. Acceptance of Trusts and Duties 21 18 Section 7.02. Furnishing of Documents 22 20 Section 7.03. Representations and Warranties 22 of the Owner Trustee and the Delaware Trustee 20 Section 7.04. Reliance; , Advice of Counsel 23 21 Section 7.05. Not Acting in Individual Capacity 23 22 Section 7.06. Owner Trustee and Delaware Trustee Not Liable for Basic Documents Trust Certificates or Certificates 23 Receivables 22 Section 7.07. Owner Trustee or Delaware Trustee May Own Securities Trust Certificates and Notes 23 Section 7.08. Duties of the Delaware Trustee 23 ARTICLE EIGHT COMPENSATION OF OWNER TRUSTEE AND THE DELAWARE TRUSTEE Section 8.01. Owner Trustee’s and Delaware Trustee’s Fees and Expenses 23 Section 8.02. Indemnification 23 Section 8.03. Payments to the Owner Trustee and to the Delaware Trustee 24 ARTICLE NINE TERMINATION OF TRUST AGREEMENT Section 9.01. Termination of Trust Agreement 24 ARTICLE TEN SUCCESSOR AND ADDITIONAL OWNER TRUSTEES Section 10.01. Eligibility Requirements for Owner Trustee and Delaware Trustee 25 Section 10.02. Resignation or Removal of Owner Trustee or Delaware Trustee 26 Section 10.03. Successor Owner Trustee or Delaware Trustee 27 Section 10.04. Merger or Consolidation of Owner Trustee or Delaware Trustee 27 Section 10.05. Appointment of Co-Trustee or Separate Trustee 28 TABLE OF CONTENTS (continued) Page ARTICLE EIGHTELEVEN MISCELLANEOUS Section 11.01. Amendments 29 Section 11.02. No Legal Title to the Owner Trust Estate for the Certificateholder 30 Section 11.03. Limitations on Rights of Others 30 Section 11.04. Notices 30 Section 11.05. Severability 31 Section 11.06. Separate Counterparts; Electronic Transmission 32 Section 11.07. Successors and Assigns 32 Section 11.08. No Petition 32 Section 11.09. No Recourse 33 Section 11.10. Headings 33 Section 11.11. Governing Law; Submission to Jurisdiction 33 Section 11.12. Trust Certificates Nonassessable and Fully Paid 33 Section 11.13. Depositor Payment Obligation 33 Section 11.14. Tax Treatment 33 Section 11.15. Waiver of Jury Trial 34 Section 11.16. Communications with Rating Agencies 34 Section 11.17. Patriot Act 34 TABLE OF CONTENTS (continued) Page EXHIBITS Exhibit A - Form of Trust Certificate A-1 Exhibit B - Form of Seller Certificate B-1 Exhibit C - Form of Investment Letter C-1 Exhibit D - Form of Rule 144A Letter D-1 Exhibit E - Form of Monthly 15Ga-1 Report E-1 This Amended and Restated Trust Agreement (the “Agreement”), dated February 21, 2024 is among American Honda Receivables LLC, a Delaware limited liability company, as depositor (the “Depositor”), The Bank of New York Mellon, a New York banking corporation, as owner trustee (the “Owner Trustee”), and BNY Mellon Trust of Delaware, a Delaware banking corporation, as Delaware trustee (the “Delaware Trustee”); The parties to this Agreement wish to amend and restate in its entirety the original trust agreement (the “Initial Trust Agreement”), dated as of December 28, 2023, among the Depositor, the Owner Trustee and the Delaware Trustee. ARTICLE ONE

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 Section 4.04. Restrictions on Certificateholders’ Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 9 SECTION 4.1 PRIOR NOTICE TO CERTIFICATEHOLDERS WITH RESPECT TO CERTAIN MATTERS 9 SECTION 4.2 ACTION BY CERTIFICATEHOLDERS WITH RESPECT TO CERTAIN MATTERS 10 SECTION 4.3 ACTION BY CERTIFICATEHOLDERS WITH RESPECT TO BANKRUPTCY 10 SECTION 4.4 RESTRICTIONS ON CERTIFICATEHOLDERS' POWER 11 SECTION 4.5 MAJORITY CONTROL 11 ARTICLE FIVE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.0111 SECTION 5.1 ESTABLISHMENT OF CERTIFICATE DISTRIBUTION ACCOUNT. Application of Trust Funds 15 Section 5.0211 SECTION 5.2 APPLICATION OF TRUST FUNDS. Method of Payment 15 Section 5.03. No Segregation of Monies11 SECTION 5.3 METHOD OF PAYMENT 12 SECTION 5.4 ACCOUNTING AND REPORTS TO THE CERTIFICATEHOLDERS, THE INTERNAL REVENUE SERVICE AND OTHERS 13 SECTION 5.5 SIGNATURE ON RETURNS; No Interest 16 Section 5.04. Accounting and Reports to Certificateholders, the IRS and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 OTHER TAX MATTERS 13 ARTICLE SIX AUTHORITY AND VI THE OWNER TRUSTEE 13 SECTION 6.1 DUTIES OF OWNER TRUSTEE Section 6.01TRUSTEE. General Authority 18 Section 6.02. General Duties 18 Section 6.03. Action Upon Instruction 18 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 Section 6.05. No Action Except Under Specified Documents or Instructions 19 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 ARTICLE SEVEN THE 13 SECTION 6.2 RIGHTS OF OWNER TRUSTEE Section 7.0114 SECTION 6.3 ACCEPTANCE OF TRUSTS AND DUTIES 14 SECTION 6.4 ACTION UPON INSTRUCTION BY CERTIFICATEHOLDERS. Acceptance of Duties 21 Section 7.02. Furnishing of Documents 22 Section 7.03. Representations and Warranties 22 Section 7.04. Reliance; Advice of Counsel 23 Section 7.05. Not Acting in Individual Capacity 23 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 Section 7.07. Owner Trustee May Own Securities 24 Page ARTICLE EIGHT16 SECTION 6.5 FURNISHING OF DOCUMENTS 17

Actions by Owner Trustee. Section 4.01. SECTION 4.01 Prior Notice to Certificateholders Owner with Respect to Certain Matters 13 Section 4.02. 11 SECTION 4.02 Action by Certificateholders the Owner with Respect to Certain Matters 13 Section 4.03. 11 SECTION 4.03 Action by Certificateholders the Owner with Respect to Bankruptcy 13 Section 4.04. 11 SECTION 4.04 Restrictions on Certificateholders’ the Owner’s Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 12 ARTICLE FIVE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. SECTION 5.01 Establishment of Trust Account 12 SECTION 5.02 Application of Trust Funds 15 Section 5.02. 12 SECTION 5.03 Method of Payment 15 Section 5.03. 13 SECTION 5.04 No Segregation of Monies; No Interest 16 Section 5.04. 13 SECTION 5.05 Accounting and Reports to Certificateholdersthe Owner, the IRS Internal Revenue Service and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 13 ARTICLE SIX VI AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. SECTION 6.01 General Authority 18 Section 6.02. 14 SECTION 6.02 General Duties 18 Section 6.03. 14 SECTION 6.03 Action Upon upon Instruction 18 Section 6.04. 14 SECTION 6.04 No Duties Except as Specified in this This Agreement or in Instructions 19 Section 6.05. 15 SECTION 6.05 No Action Except Under Specified Documents or Instructions 19 Section 6.06. 16 SECTION 6.06 Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 16 ARTICLE SEVEN VII CONCERNING THE OWNER TRUSTEE Section 7.01. SECTION 7.01 Acceptance of Trusts and Duties 21 Section 7.02. 16 SECTION 7.02 Furnishing of Documents 22 Section 7.03. 19 SECTION 7.03 Representations and Warranties 22 Section 7.04. 19 SECTION 7.04 Reliance; Advice of Counsel 23 Section 7.05. 20 SECTION 7.05 Not Acting in Individual Capacity 23 Section 7.06. 20 SECTION 7.06 Owner Trustee Not Liable for Basic Documents Certificate or Certificates 23 Section 7.07. Receivables 21 SECTION 7.07 Owner Trustee May Own Securities 24 Page ARTICLE EIGHTNotes 21

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 Section 4.04. Restrictions on Certificateholders’ Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. Application of Trust Funds 15 Section 5.02. Method of Payment 15 16 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.04. Accounting and Reports to Certificateholders, the IRS and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 Partnership Representative 17 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 18 Section 6.02. General Duties 18 Section 6.03. Action Upon Instruction 18 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 Section 6.05. No Action Except Under Specified Documents or Instructions 19 20 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 ARTICLE SEVEN THE OWNER TRUSTEE Section 7.01. Acceptance of Duties 21 Section 7.02. Furnishing of Documents 22 24 Section 7.03. Representations and Warranties 22 24 Section 7.04. Reliance; Advice of Counsel 23 25 Section 7.05. Not Acting in Individual Capacity 23 26 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 26 Section 7.07. Owner Trustee May Own Securities 24 Page ARTICLE EIGHT26 Page

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 Section 4.04. Restrictions on Certificateholders’ Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. Application of Trust Funds 15 Section 5.02. Method of Payment 15 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.04. Accounting and Reports to Certificateholders, the IRS and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 18 Section 6.02. General Duties 18 Section 6.03. Action Upon Instruction 18 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 Section 6.05. No Action Except Under Specified Documents or Instructions 19 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 ARTICLE SEVEN THE OWNER TRUSTEE Section 7.01. Acceptance of Duties 21 Section 7.02. Furnishing of Documents 22 Section 7.03. Representations and Warranties 22 Section 7.04. Reliance; Advice of Counsel 23 Section 7.05. Not Acting in Individual Capacity 23 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 Section 7.07. Owner Trustee May Own Securities 24 Page ARTICLE EIGHTPage

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 Section 4.04. Restrictions on Certificateholders’ Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. Application of Trust Funds 15 Section 5.02. Method of Payment 15 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.04. Accounting and Reports to Certificateholders, the IRS and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 17 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 18 Section 6.02. General Duties 18 Section 6.03. Action Upon Instruction 18 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 Section 6.05. No Action Except Under Specified Documents or Instructions 19 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 ARTICLE SEVEN THE OWNER TRUSTEE Section 7.01. Acceptance of Duties 21 Section 7.02. Furnishing of Documents 22 Section 7.03. Representations and Warranties 22 Section 7.04. Reliance; Advice of Counsel 23 Section 7.05. Not Acting in Individual Capacity 23 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 Section 7.07. Owner Trustee May Own Securities 24 Page ARTICLE EIGHTPage

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. Action by Certificateholders Certificateholder with Respect to Certain Matters 13 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 14 Section 4.04. Restrictions on Certificateholders’ Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 ARTICLE FIVE APPLICATION OF TRUST ISSUER FUNDS; CERTAIN DUTIES Section 5.01. Application of Trust Issuer Funds 15 Section 5.02. Method of Payment 15 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.04. Accounting and Reports to CertificateholdersOwners, the IRS and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 18 17 Section 6.02. General Duties 18 17 Section 6.03. Action Upon Instruction 18 17 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 18 Section 6.05. No Action Except Under Specified Documents or Instructions 19 Section 6.06. Restrictions 20 19 Section 6.07. Notice to Administrator Issuance of Repurchase Requests 20 Notes 19 ARTICLE SEVEN CONCERNING THE OWNER TRUSTEE Section 7.01. Acceptance of Trusts and Duties 21 20 Section 7.02. Furnishing of Documents 22 23 Section 7.03. Representations and Warranties 22 23 Section 7.04. Reliance; Advice of Counsel 23 24 Section 7.05. Not Acting in Individual Capacity 23 25 Section 7.06. Owner Trustee Not Liable for 2019-B Basic Documents or Certificates 23 25 Section 7.07. Owner Trustee May Own Securities 24 Certificates and Notes 25 Section 7.08. Applicable Anti-Money Laundering Law 26 Page ARTICLE EIGHT

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 12 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 12 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 12 Section 4.04. Restrictions on Certificateholders’ Power 14 13 Section 4.05. Majority Control 14 13 Section 4.06. Certain Litigation Matters 14 13 ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. Application of Trust Funds 15 14 Section 5.02. Method of Payment 15 Section 5.03. No Segregation of Monies; No Interest 16 15 Section 5.04. Accounting and Reports to Certificateholders, the IRS and Others 16 15 Section 5.05. Signature on Returns; Tax Matters Partner Partnership Representative 16 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 18 17 Section 6.02. General Duties 18 17 Section 6.03. Action Upon Instruction 18 17 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 Section 6.05. No Action Except Under Specified Documents or Instructions 19 Section 6.06. Restrictions 20 19 Section 6.07. Notice to Administrator of Repurchase Requests 20 19 ARTICLE SEVEN THE OWNER TRUSTEE Section 7.01. Acceptance of Duties 21 20 Section 7.02. Furnishing of Documents 22 23 Section 7.03. Representations and Warranties 22 23 Section 7.04. Reliance; Advice of Counsel 23 24 Section 7.05. Not Acting in Individual Capacity 23 24 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 25 Section 7.07. Owner Trustee May Own Securities 24 25 Section 7.08. The Paying Agent and the Certificate Registrar 25 Section 7.09. Applicable Anti-Money Laundering Law 25 Page ARTICLE EIGHT

Actions by Owner Trustee. Section 4.01. SECTION 4.01 Prior Notice to Certificateholders Owner with Respect to Certain Matters 13 Section 4.02. 11 SECTION 4.02 Action by Certificateholders the Owner with Respect to Certain Matters 13 Section 4.03. 11 SECTION 4.03 Action by Certificateholders the Owner with Respect to Bankruptcy 13 Section 4.04. 11 SECTION 4.04 Restrictions on Certificateholders’ the Owner’s Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 12 ARTICLE FIVE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. SECTION 5.01 Establishment of Certificate Distribution Account 12 SECTION 5.02 Application of Trust Funds 15 Section 5.02. 12 SECTION 5.03 Method of Payment 15 Section 5.03. 13 SECTION 5.04 No Segregation of Monies; No Interest 16 Section 5.04. 13 SECTION 5.05 Accounting and Reports to Certificateholdersthe Owner, the IRS Internal Revenue Service and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 13 ARTICLE SIX VI AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. SECTION 6.01 General Authority 18 Section 6.02. 14 SECTION 6.02 General Duties 18 Section 6.03. 14 SECTION 6.03 Action Upon upon Instruction 18 Section 6.04. 15 SECTION 6.04 No Duties Except as Specified in this This Agreement or in Instructions 19 Section 6.05. 15 SECTION 6.05 No Action Except Under Specified Documents or Instructions 19 Section 6.06. 16 SECTION 6.06 Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 16 ARTICLE SEVEN VII CONCERNING THE OWNER TRUSTEE Section 7.01. SECTION 7.01 Acceptance of Trusts and Duties 21 Section 7.02. 17 SECTION 7.02 Furnishing of Documents 22 Section 7.03. 19 SECTION 7.03 Representations and Warranties 22 Section 7.04. 20 SECTION 7.04 Reliance; Advice of Counsel 23 Section 7.05. 20 SECTION 7.05 Not Acting in Individual Capacity 23 Section 7.06. 21 SECTION 7.06 Owner Trustee Not Liable for Basic Documents Certificate or Certificates 23 Section 7.07. Receivables 21 SECTION 7.07 Owner Trustee May Own Securities 24 Page ARTICLE EIGHTNotes 21

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 Section 4.04. Restrictions on Certificateholders’ Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. Application of Trust Funds 15 Section 5.02. Method of Payment 15 16 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.04. Accounting and Reports to Certificateholders, the IRS and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 Partnership Representative 17 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 18 Section 6.02. General Duties 18 Section 6.03. Action Upon Instruction 18 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 Section 6.05. No Action Except Under Specified Documents or Instructions 19 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 ARTICLE SEVEN THE OWNER TRUSTEE Section 7.01. Acceptance of Duties 21 Section 7.02. Furnishing of Documents 22 23 Section 7.03. Representations and Warranties 22 23 Section 7.04. Reliance; Advice of Counsel 23 24 Section 7.05. Not Acting in Individual Capacity 23 24 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 24 Section 7.07. Owner Trustee May Own Securities 24 25 Page Section 7.08. The Paying Agent and the Certificate Xxxxxxxxx 00 ARTICLE EIGHT

Actions by Owner Trustee. Section 4.01. SECTION 4.1 Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. 14 SECTION 4.2 Action by Certificateholders with Respect to Certain Matters 13 Section 4.03. 15 SECTION 4.3 Action by Certificateholders with Respect to Bankruptcy 13 Section 4.04. 15 SECTION 4.4 Restrictions on Certificateholders’ Power 14 Section 4.05. 15 SECTION 4.5 Majority Control 14 Section 4.06. 15 SECTION 4.6 Certain Litigation Matters 14 15 ARTICLE FIVE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. SECTION 5.1 Establishment of Certificate Payment Account 16 SECTION 5.2 Application of Trust Funds 15 Section 5.02. 16 SECTION 5.3 Method of Payment 15 Section 5.03. 17 SECTION 5.4 No Segregation of Monies; No Interest 16 Section 5.04. 17 SECTION 5.5 Accounting and Reports to the Noteholders, Certificateholders, the IRS Internal Revenue Service and Others 16 Section 5.05. 17 SECTION 5.6 Signature on Returns; Tax Matters Partner 16 18 ARTICLE SIX VI AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. SECTION 6.1 General Authority 18 Section 6.02. SECTION 6.2 General Duties 18 Section 6.03. SECTION 6.3 Action Upon upon Instruction 18 Section 6.04. SECTION 6.4 No Duties Except as Specified in this Agreement or in Instructions 19 Section 6.05. SECTION 6.5 No Action Except Under Specified Documents or Instructions 19 Section 6.06. 20 SECTION 6.6 Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 ARTICLE SEVEN VII REGARDING THE OWNER TRUSTEE Section 7.01. Acceptance of Duties 21 Section 7.02. Furnishing of Documents 22 Section 7.03. Representations and Warranties 22 Section 7.04. Reliance; Advice of Counsel 23 Section 7.05. Not Acting in Individual Capacity 23 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 Section 7.07. Owner Trustee May Own Securities 24 Page ARTICLE EIGHTTRUSTEE

Actions by Owner Trustee. Section 4.015.01. Prior Notice to the Certificateholders with Respect to Certain Matters 13 20 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.035.02. Action by Certificateholders with Respect to Bankruptcy 13 22 Section 4.045.03. Restrictions on Certificateholders’ Power 14 22 Section 4.055.04. Majority Control 14 Section 4.06. Certain Litigation Matters 14 22 ARTICLE FIVE APPLICATION OF TRUST FUNDSVI TAX PROVISIONS; CERTAIN DUTIES Section 5.016.01. Application of Trust Funds 15 Federal Income Tax Provisions 22 Section 5.026.02. Method of Payment 15 Withholding Taxes 26 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.046.03. Accounting and Reports to the Certificateholders, the IRS Internal Revenue Service and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 27 ARTICLE SIX VII AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.017.01. General Authority 18 27 Section 6.027.02. General Duties 18 28 Section 6.037.03. Action Upon upon Instruction 18 28 Section 6.047.04. No Duties Except as Specified in this Agreement Agreement, the Basic Documents or in any Instructions 19 29 Section 6.057.05. No Action Except Under under Specified Documents or Instructions 19 30 Section 6.067.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 30 ARTICLE SEVEN VIII CONCERNING THE OWNER TRUSTEE Section 7.018.01. Acceptance of Trusts and Duties 21 30 Section 7.028.02. Furnishing of Documents 22 31 Section 7.038.03. Representations and Warranties 22 of the Owner Trustee 32 Section 7.048.04. Reliance; Advice of Counsel 23 32 Section 7.058.05. Not Acting in Individual Capacity 23 33 Section 7.068.06. Owner Trustee Not Liable for Basic Documents the Certificates or Certificates 23 Mortgage Loans 33 Section 7.078.07. Owner Trustee May Own Securities 24 Page Certificates and Notes 33 Section 8.08. Licenses 34 ARTICLE EIGHTIX COMPENSATION OF OWNER TRUSTEE Section 9.01. Owner Trustee’s Fees and Expenses 34 Section 9.02. Indemnification 34 Section 9.03. Payments to the Owner Trustee 35

Actions by Owner Trustee. Section 4.015.01. Prior Notice to the Certificateholders with Respect to Certain Matters 13 17 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.035.02. Action by Certificateholders with Respect to Bankruptcy 13 18 Section 4.045.03. Restrictions on Certificateholders’ Power 14 19 Section 4.055.04. Majority Control 14 Section 4.06. Certain Litigation Matters 14 19 ARTICLE FIVE APPLICATION OF TRUST FUNDSVI TAX PROVISIONS; CERTAIN DUTIES Section 5.016.01. Application of Trust Funds 15 Federal Income Tax Provisions 19 Section 5.026.02. Method of Payment 15 Withholding Taxes 19 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.046.03. Accounting and Reports to the Certificateholders, the IRS Internal Revenue Service and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 20 ARTICLE SIX VII AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.017.01. General Authority 18 20 Section 6.027.02. General Duties 18 Duties. 21 Section 6.037.03. Action Upon upon Instruction 18 22 Section 6.047.04. No Duties Except as Specified in this Agreement Agreement, the Basic Documents or in any Instructions 19 23 Section 6.057.05. No Action Except Under under Specified Documents or Instructions 19 23 Section 6.067.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 23 ARTICLE SEVEN VIII CONCERNING THE OWNER TRUSTEE Section 7.018.01. Acceptance of Trusts and Duties 21 24 Section 7.028.02. Furnishing of Documents 22 25 Section 7.038.03. Representations and Warranties 22 of the Owner Trustee 26 Section 7.048.04. Reliance; Advice of Counsel 23 26 Section 7.058.05. Not Acting in Individual Capacity 23 27 Section 7.068.06. Owner Trustee Not Liable for Basic Documents the Certificates or Certificates 23 Mortgage Loans 27 Section 7.078.07. Owner Trustee May Own Securities 24 Page Notes 27 Section 8.08. Licenses 28 Section 8.09. Legal Proceedings 28 ARTICLE EIGHTIX

Actions by Owner Trustee. Section 4.015.01. Prior Notice to the Certificateholders with Respect to Certain Matters 13 17 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.035.02. Action by Certificateholders with Respect to Bankruptcy 13 18 Section 4.045.03. Restrictions on Certificateholders’ Power 14 19 Section 4.055.04. Majority Control 14 Section 4.06. Certain Litigation Matters 14 19 ARTICLE FIVE APPLICATION OF TRUST FUNDSVI TAX PROVISIONS; CERTAIN DUTIES Section 5.016.01. Application of Trust Funds 15 Federal Income Tax Provisions 19 Section 5.026.02. Method of Payment 15 Withholding Taxes 19 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.046.03. Accounting and Reports to the Certificateholders, the IRS Internal Revenue Service and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 20 ARTICLE SIX VII AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.017.01. General Authority 18 20 Section 6.027.02. General Duties 18 21 Section 6.037.03. Action Upon upon Instruction 18 22 Section 6.047.04. No Duties Except as Specified in this Agreement Agreement, the Basic Documents or in any Instructions 19 23 Section 6.057.05. No Action Except Under under Specified Documents or Instructions 19 23 Section 6.067.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 23 ARTICLE SEVEN VIII CONCERNING THE OWNER TRUSTEE Section 7.018.01. Acceptance of Trusts and Duties 21 24 Section 7.028.02. Furnishing of Documents 22 25 Section 7.038.03. Representations and Warranties 22 of the Owner Trustee 25 Section 7.048.04. Reliance; Advice of Counsel 23 26 Section 7.058.05. Not Acting in Individual Capacity 23 27 Section 7.068.06. Owner Trustee Not Liable for Basic Documents the Certificates or Certificates 23 Mortgage Loans 27 Section 7.078.07. Owner Trustee May Own Securities 24 Page Notes 27 Section 8.08. Licenses 27 ARTICLE EIGHTIX

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 11 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 11 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 11 Section 4.04. Restrictions on Certificateholders’ Power 14 12 Section 4.05. Majority Control 14 12 Section 4.06. Certain Litigation Matters 14 12 ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. Application of Trust Funds 15 13 Section 5.02. Method of Payment 15 13 Section 5.03. No Segregation of Monies; No Interest 16 14 Section 5.04. Accounting and Reports to Certificateholders, the IRS and Others 16 14 Section 5.05. Signature on Returns; Tax Matters Partner 16 14 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 18 16 Section 6.02. General Duties 18 16 Section 6.03. Action Upon Instruction 18 16 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 17 Section 6.05. No Action Except Under Specified Documents or Instructions 19 17 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 18 ARTICLE SEVEN THE OWNER TRUSTEE Section 7.01. Acceptance of Duties 21 19 Section 7.02. Furnishing of Documents 22 20 Section 7.03. Representations and Warranties 22 20 Section 7.04. Reliance; Advice of Counsel 23 21 Section 7.05. Not Acting in Individual Capacity 23 21 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 21 Section 7.07. Owner Trustee May Own Securities 24 Page ARTICLE EIGHT22 Page

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 12 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 12 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 12 Section 4.04. Restrictions on Certificateholders’ Power 14 13 Section 4.05. Majority Control 14 13 Section 4.06. Certain Litigation Matters 14 13 ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. Application of Trust Funds 15 14 Section 5.02. Method of Payment 15 Section 5.03. No Segregation of Monies; No Interest 16 15 Section 5.04. Accounting and Reports to Certificateholders, the IRS and Others 16 15 Section 5.05. Signature on Returns; Tax Matters Partner 16 Partnership Representative 15 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 18 16 Section 6.02. General Duties 18 16 Section 6.03. Action Upon Instruction 18 16 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 17 Section 6.05. No Action Except Under Specified Documents or Instructions 19 18 Section 6.06. Restrictions 20 18 Section 6.07. Notice to Administrator of Repurchase Requests 20 18 ARTICLE SEVEN THE OWNER TRUSTEE Section 7.01. Acceptance of Duties 21 19 Section 7.02. Furnishing of Documents 22 Section 7.03. Representations and Warranties 22 Section 7.04. Reliance; Advice of Counsel 23 Section 7.05. Not Acting in Individual Capacity 23 25 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 25 Section 7.07. Owner Trustee May Own Securities 24 25 Section 7.08. The Paying Agent and the Certificate Xxxxxxxxx 00 Section 7.09. Applicable Anti-Money Laundering Law 25 Page ARTICLE EIGHT

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 Section 4.04. Restrictions on Certificateholders9 SECTION 4.1 PRIOR NOTICE TO CERTIFICATEHOLDERS WITH RESPECT TO CERTAIN MATTERS 9 SECTION 4.2 ACTION BY CERTIFICATEHOLDERS WITH RESPECT TO CERTAIN MATTERS 10 SECTION 4.3 ACTION BY CERTIFICATEHOLDERS WITH RESPECT TO BANKRUPTCY 10 SECTION 4.4 RESTRICTIONS ON CERTIFICATEHOLDERS’ Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 POWER 11 SECTION 4.5 MAJORITY CONTROL 11 ARTICLE FIVE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.0111 SECTION 5.1 ESTABLISHMENT OF CERTIFICATE DISTRIBUTION ACCOUNT. Application of Trust Funds 15 Section 5.0211 SECTION 5.2 APPLICATION OF TRUST FUNDS. Method of Payment 15 Section 5.03. No Segregation of Monies11 SECTION 5.3 METHOD OF PAYMENT 12 SECTION 5.4 ACCOUNTING AND REPORTS TO THE CERTIFICATEHOLDERS, THE INTERNAL REVENUE SERVICE AND OTHERS 13 SECTION 5.5 SIGNATURE ON RETURNS; No Interest 16 Section 5.04. Accounting and Reports to Certificateholders, the IRS and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 OTHER TAX MATTERS 13 ARTICLE SIX AUTHORITY AND VI THE OWNER TRUSTEE 13 SECTION 6.1 DUTIES OF OWNER TRUSTEE Section 6.01TRUSTEE. General Authority 18 Section 6.02. General Duties 18 Section 6.03. Action Upon Instruction 18 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 Section 6.05. No Action Except Under Specified Documents or Instructions 19 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 ARTICLE SEVEN THE 13 SECTION 6.2 RIGHTS OF OWNER TRUSTEE Section 7.0114 SECTION 6.3 ACCEPTANCE OF TRUSTS AND DUTIES 14 SECTION 6.4 ACTION UPON INSTRUCTION BY CERTIFICATEHOLDERS. Acceptance of Duties 21 Section 7.02. Furnishing of Documents 22 Section 7.03. Representations and Warranties 22 Section 7.04. Reliance; Advice of Counsel 23 Section 7.05. Not Acting in Individual Capacity 23 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 Section 7.07. Owner Trustee May Own Securities 24 Page ARTICLE EIGHT16 SECTION 6.5 FURNISHING OF DOCUMENTS 17

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 17 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 17 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 18 Section 4.04. Restrictions on Certificateholders’ Power 14 18 Section 4.05. Majority Control 14 18 Section 4.06. Certain Litigation Matters 14 18 ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. Establishment of Certificate Payment Account 19 Section 5.02. Application of Trust Funds 15 19 Section 5.025.03. Method of Payment 15 20 Section 5.035.04. No Segregation of Monies; No Interest 16 20 Section 5.045.05. Accounting and Reports to Noteholders, Certificateholders, the IRS and Others 16 20 Section 5.055.06. Signature on Returns; Tax Matters Partner 16 21 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 18 22 Section 6.02. General Duties 18 22 Section 6.03. Action Upon Instruction 18 23 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 24 Section 6.05. No Action Except Under Specified Documents or Instructions 19 24 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 24 ARTICLE SEVEN THE OWNER TRUSTEE Section 7.01. Acceptance of Duties 21 25 Section 7.02. Furnishing of Documents 22 26 Section 7.03. Representations and Warranties 22 27 Section 7.04. Reliance; Advice of Counsel 23 27 Section 7.05. Not Acting in Individual Capacity 23 28 Section 7.06. Owner Trustee Not Liable for Basic Documents Certificates or Certificates 23 Receivables 28 Section 7.07. Owner Trustee May Own Securities 24 Certificates and Notes 28 Section 7.08. Paying Agent; Authenticating Agent 29 Page ARTICLE EIGHT

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 17 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 17 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 18 Section 4.04. Restrictions on Certificateholders’ Power 14 18 Section 4.05. Majority Control 14 18 Section 4.06. Certain Litigation Matters 14 18 ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. Establishment of Certificate Payment Account 19 Section 5.02. Application of Trust Funds 15 Funds. 19 Section 5.025.03. Method of Payment 15 20 Section 5.035.04. No Segregation of Monies; No Interest 16 20 Section 5.045.05. Accounting and Reports to Noteholders, Certificateholders, the IRS and Others 16 20 Section 5.055.06. Signature on Returns; Tax Matters Partner 16 Partner. 21 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 18 22 Section 6.02. General Duties 18 Duties. 22 Section 6.03. Action Upon Instruction 18 Instruction. 23 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 24 Section 6.05. No Action Except Under Specified Documents or Instructions 19 24 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 24 ARTICLE SEVEN THE OWNER TRUSTEE Section 7.01. Acceptance of Duties 21 25 Section 7.02. Furnishing of Documents 22 26 Section 7.03. Representations and Warranties 22 27 Section 7.04. Reliance; Advice of Counsel 23 Counsel. 27 Section 7.05. Not Acting in Individual Capacity 23 28 Section 7.06. Owner Trustee Not Liable for Basic Documents Certificates or Certificates 23 Receivables 28 Section 7.07. Owner Trustee May Own Securities 24 Page ARTICLE EIGHTCertificates and Notes 28 Section 7.08. Paying Agent; Authenticating Agent 29

Actions by Owner Trustee. Section 4.015.01. Prior Notice to the Certificateholders with Respect to Certain Matters 13 17 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.035.02. Action by Certificateholders with Respect to Bankruptcy 13 18 Section 4.045.03. Restrictions on Certificateholders’ Power 14 19 Section 4.055.04. Majority Control 14 Section 4.06. Certain Litigation Matters 14 19 ARTICLE FIVE APPLICATION OF TRUST FUNDSVI TAX PROVISIONS; CERTAIN DUTIES Section 5.016.01. Application of Trust Funds 15 Federal Income Tax Provisions 19 Section 5.026.02. Method of Payment 15 Withholding Taxes 19 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.046.03. Accounting and Reports to the Certificateholders, the IRS Internal Revenue Service and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 20 ARTICLE SIX VII AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.017.01. General Authority 18 20 Section 6.027.02. General Duties 18 21 Section 6.037.03. Action Upon upon Instruction 18 21 Section 6.047.04. No Duties Except as Specified in this Agreement Agreement, the Basic Documents or in any Instructions 19 23 Section 6.057.05. No Action Except Under under Specified Documents or Instructions 19 23 Section 6.067.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 23 ARTICLE SEVEN VIII CONCERNING THE OWNER TRUSTEE Section 7.018.01. Acceptance of Trusts and Duties 21 24 Section 7.028.02. Furnishing of Documents 22 25 Section 7.038.03. Representations and Warranties 22 of the Owner Trustee 25 Section 7.048.04. Reliance; Advice of Counsel 23 26 Section 7.058.05. Not Acting in Individual Capacity 23 27 Section 7.068.06. Owner Trustee Not Liable for Basic Documents the Certificates or Certificates 23 Mortgage Loans 27 Section 7.078.07. Owner Trustee May Own Securities 24 Page Notes 27 Section 8.08. Licenses 27 ARTICLE EIGHTIX

Actions by Owner Trustee. Section 4.015.01. Prior Notice to the Certificateholders with Respect to Certain Matters 13 15 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.035.02. Action by Certificateholders with Respect to Bankruptcy 13 17 Section 4.045.03. Restrictions on Certificateholders’ Power 14 17 Section 4.055.04. Majority Control 14 Section 4.06. Certain Litigation Matters 14 17 ARTICLE FIVE APPLICATION OF TRUST FUNDSVI TAX PROVISIONS; CERTAIN DUTIES Section 5.016.01. Application of Trust Funds 15 Federal Income Tax Provisions 17 Section 5.026.02. Method of Payment 15 Withholding Taxes 18 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.046.03. Accounting and Reports to the Certificateholders, the IRS Internal Revenue Service and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 18 ARTICLE SIX VII AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.017.01. General Authority 18 19 Section 6.027.02. General Duties 18 20 Section 6.037.03. Action Upon upon Instruction 18 20 Section 6.047.04. No Duties Except as Specified in this Agreement Agreement, the Basic Documents or in any Instructions 19 21 Section 6.057.05. No Action Except Under under Specified Documents or Instructions 19 22 Section 6.067.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 22 ARTICLE SEVEN VIII CONCERNING THE OWNER TRUSTEE Section 7.018.01. Acceptance of Trusts and Duties 21 22 Section 7.028.02. Furnishing of Documents 22 24 Section 7.038.03. Representations and Warranties 22 of the Owner Trustee 24 Section 7.048.04. Reliance; Advice of Counsel 23 24 Section 7.058.05. Not Acting in Individual Capacity 23 25 Section 7.068.06. Owner Trustee Not Liable for Basic Documents the Certificates or Certificates 23 Mortgage Loans 25 Section 7.078.07. Owner Trustee May Own Securities 24 Page Notes 26 Section 8.08. Licenses 26 Section 8.09. Legal Proceedings 26 ARTICLE EIGHTIX

Actions by Owner Trustee. Section 4.01. SECTION 4.1 Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. 14 SECTION 4.2 Action by Certificateholders with Respect to Certain Matters 13 Section 4.03. 15 SECTION 4.3 Action by Certificateholders with Respect to Bankruptcy 13 Section 4.04. 15 SECTION 4.4 Restrictions on Certificateholders’ Power 14 Section 4.05. 15 SECTION 4.5 Majority Control 14 Section 4.06. 15 SECTION 4.6 Certain Litigation Matters 14 15 ARTICLE FIVE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. SECTION 5.1 Establishment of Certificate Payment Account 16 SECTION 5.2 Application of Trust Funds 15 Section 5.02. 16 SECTION 5.3 Method of Payment 15 Section 5.03. 17 SECTION 5.4 No Segregation of Monies; No Interest 16 Section 5.04. 17 SECTION 5.5 Accounting and Reports to the Noteholders, Certificateholders, the IRS Internal Revenue Service and Others 16 Section 5.05. 17 SECTION 5.6 Signature on Returns; Tax Matters Partner 16 18 ARTICLE SIX VI AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. SECTION 6.1 General Authority 18 Section 6.02. SECTION 6.2 General Duties 18 Section 6.03. SECTION 6.3 Action Upon upon Instruction 18 Section 6.04. 19 SECTION 6.4 No Duties Except as Specified in this Agreement or in Instructions 19 Section 6.05. SECTION 6.5 No Action Except Under Specified Documents or Instructions 19 Section 6.06. 20 SECTION 6.6 Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 ARTICLE SEVEN VII REGARDING THE OWNER TRUSTEE Section 7.01. Acceptance of Duties 21 Section 7.02. Furnishing of Documents 22 Section 7.03. Representations and Warranties 22 Section 7.04. Reliance; Advice of Counsel 23 Section 7.05. Not Acting in Individual Capacity 23 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 Section 7.07. Owner Trustee May Own Securities 24 Page ARTICLE EIGHTTRUSTEE

Actions by Owner Trustee. Section 4.01. SECTION 4.1 Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. 14 SECTION 4.2 Action by Certificateholders with Respect to Certain Matters 13 Section 4.03. 15 SECTION 4.3 Action by Certificateholders with Respect to Bankruptcy 13 Section 4.04. 15 SECTION 4.4 Restrictions on Certificateholders’ ' Power 14 Section 4.05. 15 SECTION 4.5 Majority Control 14 Section 4.06. 15 SECTION 4.6 Certain Litigation Matters 14 15 ARTICLE FIVE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. SECTION 5.1 Establishment of Certificate Payment Account 16 SECTION 5.2 Application of Trust Funds 15 Section 5.02. 16 SECTION 5.3 Method of Payment 15 Section 5.03. 17 SECTION 5.4 No Segregation of Monies; No Interest 16 Section 5.04. 17 SECTION 5.5 Accounting and Reports to the Noteholders, Certificateholders, the IRS Internal Revenue Service and Others 16 Section 5.05. 17 SECTION 5.6 Signature on Returns; Tax Matters Partner 16 18 ARTICLE SIX VI AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. SECTION 6.1 General Authority 18 Section 6.02. SECTION 6.2 General Duties 18 Section 6.03. SECTION 6.3 Action Upon upon Instruction 18 Section 6.04. 19 SECTION 6.4 No Duties Except as Specified in this Agreement or in Instructions 19 Section 6.05. SECTION 6.5 No Action Except Under Specified Documents or Instructions 19 Section 6.06. 20 SECTION 6.6 Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 ARTICLE SEVEN VII REGARDING THE OWNER TRUSTEE Section 7.01. Acceptance of Duties 21 Section 7.02. Furnishing of Documents 22 Section 7.03. Representations and Warranties 22 Section 7.04. Reliance; Advice of Counsel 23 Section 7.05. Not Acting in Individual Capacity 23 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 Section 7.07. Owner Trustee May Own Securities 24 Page ARTICLE EIGHTTRUSTEE

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 15 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 Section 4.04. Restrictions on Certificateholders’ Power 14 15 Section 4.054.04. Majority Control 14 Section 4.06. Certain Litigation Matters 14 15 ARTICLE FIVE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. Application Establishment of Trust Funds Account 15 Section 5.02. Application of Trust Funds. 16 Section 5.03. Method of Payment 15 17 Section 5.035.04. No Segregation of MoniesMoneys; No Interest 16 17 Section 5.045.05. Accounting and Reports to Certificateholders, the IRS Internal Revenue Service and Others 16 17 Section 5.055.06. Signature on Returns; Tax Matters Partner 16 Partner. 18 ARTICLE SIX VI AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 18 Section 6.02. General Duties 18 Section 6.03. Action Upon Instruction upon Instruction. 18 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 Section 6.05. No Action Except Under Specified Documents or Instructions 19 20 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests Administrative Duties. 20 ARTICLE SEVEN VII CONCERNING THE OWNER TRUSTEE Section 7.01. Acceptance of Trusts and Duties 21 23 Section 7.02. Furnishing of Documents 22 24 Section 7.03. Representations and Warranties 22 24 Section 7.04. Reliance; Advice of Counsel 23 Counsel. 25 Section 7.05. Not Acting in Individual Capacity 23 26 Section 7.06. Owner Trustee Not Liable for Basic Documents Trust Certificates or Certificates 23 for Receivables 26 Section 7.07. Owner Trustee May Own Securities 24 Page ARTICLE EIGHTTrust Certificates and Notes 26 Section 7.08. Doing Business in Other Jurisdictions 26 Section 7.09. Paying Agent, Certificate Registrar and Authenticating Agent 27

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 Section 4.04. Restrictions on Certificateholders’ Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. Application of Trust Funds 15 Section 5.02. Method of Payment 15 16 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.04. Accounting and Reports to Certificateholders, the IRS and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 Partnership Representative 17 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 18 Section 6.02. General Duties 18 Section 6.03. Action Upon Instruction 18 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 Section 6.05. No Action Except Under Specified Documents or Instructions 19 20 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 ARTICLE SEVEN THE OWNER TRUSTEE Section 7.01. Acceptance of Duties 21 Section 7.02. Furnishing of Documents 22 24 Section 7.03. Representations and Warranties 22 24 Section 7.04. Reliance; Advice of Counsel 23 25 Section 7.05. Not Acting in Individual Capacity 23 26 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 26 Section 7.07. Owner Trustee May Own Securities 24 Page 26 Section 7.08. The Paying Agent and the Certificate Registrar 26 Section 7.09. Applicable Anti-Money Laundering Law 26 ARTICLE EIGHT

Actions by Owner Trustee. Section 4.01. SECTION 4.1 Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. 14 SECTION 4.2 Action by Certificateholders with Respect to Certain Matters 13 Section 4.03. 14 SECTION 4.3 Action by Certificateholders with Respect to Bankruptcy 13 Section 4.04. 15 SECTION 4.4 Restrictions on Certificateholders’ Power 14 Section 4.05. 15 SECTION 4.5 Majority Control 14 Section 4.06. 15 SECTION 4.6 Certain Litigation Matters 14 15 ARTICLE FIVE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. SECTION 5.1 Establishment of Certificate Payment Account 15 SECTION 5.2 Application of Trust Funds 15 Section 5.02. 16 SECTION 5.3 Method of Payment 15 Section 5.03. 16 SECTION 5.4 No Segregation of Monies; No Interest 16 Section 5.04. SECTION 5.5 Accounting and Reports to the Noteholders, Certificateholders, the IRS Internal Revenue Service and Others 16 Section 5.05. 17 SECTION 5.6 Signature on Returns; Tax Matters Partner 16 17 ARTICLE SIX VI AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. SECTION 6.1 General Authority 18 Section 6.02. SECTION 6.2 General Duties 18 Section 6.03. SECTION 6.3 Action Upon upon Instruction 18 Section 6.04. SECTION 6.4 No Duties Except as Specified in this Agreement or in Instructions 19 Section 6.05. SECTION 6.5 No Action Except Under Specified Documents or Instructions 19 Section 6.06. SECTION 6.6 Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 ARTICLE SEVEN VII REGARDING THE OWNER TRUSTEE Section 7.01. Acceptance of Duties 21 Section 7.02. Furnishing of Documents 22 Section 7.03. Representations and Warranties 22 Section 7.04. Reliance; Advice of Counsel 23 Section 7.05. Not Acting in Individual Capacity 23 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 Section 7.07. Owner Trustee May Own Securities 24 Page ARTICLE EIGHTTRUSTEE

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 10 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 11 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 11 Section 4.04. Restrictions on Certificateholders’ Power 14 11 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 11 ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. Establishment of Trust Account 11 Section 5.02. Application of Trust Funds 15 12 Section 5.025.03. Method of Payment 15 12 Section 5.035.04. No Segregation of Monies; No Interest 16 12 Section 5.045.05. Accounting and Reports to Certificateholders, the IRS Internal Revenue Service and Others 16 13 Section 5.055.06. Signature on Returns; Tax Matters Partner 16 Audit Procedure 14 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 18 15 Section 6.02. General Duties 18 15 Section 6.03. Action Upon Instruction 18 15 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 16 Section 6.05. No Action Except Under Specified Documents or Instructions 19 16 Section 6.06. Restrictions 20 16 Section 6.07. Notice to Administrator Covenants for Reporting of Repurchase Requests 20 Demands due to Breaches of Representations and Warranties 17 ARTICLE SEVEN CONCERNING THE OWNER TRUSTEE AND THE DELAWARE TRUSTEE Section 7.01. Acceptance of Trusts and Duties 21 17 Section 7.02. Furnishing of Documents 22 19 Section 7.03. Representations and Warranties 22 of the Owner Trustee and the Delaware Trustee 19 Section 7.04. Reliance; , Advice of Counsel 23 21 Section 7.05. Not Acting in Individual Capacity 23 21 Section 7.06. Owner Trustee and Delaware Trustee Not Liable for Basic Documents Trust Certificates or Certificates 23 Receivables 22 Section 7.07. Owner Trustee or Delaware Trustee May Own Securities 24 Page ARTICLE EIGHTTrust Certificates and Notes 22 Section 7.08. Duties of the Delaware Trustee 22

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. Action by Certificateholders Certificateholder with Respect to Certain Matters 13 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 14 Section 4.04. Restrictions on Certificateholders’ Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 ARTICLE FIVE APPLICATION OF TRUST ISSUER FUNDS; CERTAIN DUTIES Section 5.01. Application of Trust Issuer Funds 15 Section 5.02. Method of Payment 15 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.04. Accounting and Reports to CertificateholdersOwners, the IRS and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 18 17 Section 6.02. General Duties 18 17 Section 6.03. Action Upon Instruction 18 17 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 18 Section 6.05. No Action Except Under Specified Documents or Instructions 19 18 Section 6.06. Restrictions 20 18 Section 6.07. Notice to Administrator Issuance of Repurchase Requests 20 Notes 19 ARTICLE SEVEN CONCERNING THE OWNER TRUSTEE Section 7.01. Acceptance of Trusts and Duties 21 20 Section 7.02. Furnishing of Documents 22 21 Section 7.03. Representations and Warranties 22 21 Section 7.04. Reliance; Advice of Counsel 23 22 Section 7.05. Not Acting in Individual Capacity 23 Section 7.06. Owner Trustee Not Liable for 2017-A Basic Documents or Certificates 23 Section 7.07. Owner Trustee May Own Securities 24 Certificates and Notes 23 Page ARTICLE EIGHT

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 Section 4.04. Restrictions on Certificateholders’ Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES Section 5.01. Application of Trust Funds 15 Section 5.02. Method of Payment 15 16 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.04. Accounting and Reports to Certificateholders, the IRS and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 Partnership Representative 17 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 18 Section 6.02. General Duties 18 Section 6.03. Action Upon Instruction 18 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 Section 6.05. No Action Except Under Specified Documents or Instructions 19 20 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 ARTICLE SEVEN THE OWNER TRUSTEE Section 7.01. Acceptance of Duties 21 Section 7.02. Furnishing of Documents 22 24 Section 7.03. Representations and Warranties 22 24 Section 7.04. Reliance; Advice of Counsel 23 25 Section 7.05. Not Acting in Individual Capacity 23 25 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 25 Section 7.07. Owner Trustee May Own Securities 24 Page ARTICLE EIGHT26 Page

Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. Action by Certificateholders Certificateholder with Respect to Certain Matters 13 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 14 Section 4.04. Restrictions on Certificateholders’ Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 ARTICLE FIVE APPLICATION OF TRUST ISSUER FUNDS; CERTAIN DUTIES Section 5.01. Application of Trust Issuer Funds 15 Section 5.02. Method of Payment 15 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.04. Accounting and Reports to CertificateholdersOwners, the IRS and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 ARTICLE SIX AUTHORITY AND DUTIES OF OWNER TRUSTEE Section 6.01. General Authority 18 17 Section 6.02. General Duties 18 17 Section 6.03. Action Upon Instruction 18 17 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 18 Section 6.05. No Action Except Under Specified Documents or Instructions 19 Section 6.06. Restrictions 20 19 Section 6.07. Notice to Administrator Issuance of Repurchase Requests 20 Notes 19 ARTICLE SEVEN CONCERNING THE OWNER TRUSTEE Section 7.01. Acceptance of Trusts and Duties 21 20 Section 7.02. Furnishing of Documents 22 23 Section 7.03. Representations and Warranties 22 23 Section 7.04. Reliance; Advice of Counsel 23 24 Section 7.05. Not Acting in Individual Capacity 23 25 Section 7.06. Owner Trustee Not Liable for 20[__]-[_] Basic Documents or Certificates 23 25 Section 7.07. Owner Trustee May Own Securities 24 Certificates and Notes 25 Section 7.08. Applicable Anti-Money Laundering Law 26 Page ARTICLE EIGHT