The Collateral Custodian Sample Clauses

The Collateral Custodian. Section 7.1 Designation of Collateral Custodian 126 Section 7.2 Duties of Collateral Custodian 126 Section 7.3 Merger or Consolidation 128 Section 7.4 Collateral Custodian Compensation 129 Section 7.5 Collateral Custodian Removal 129 Section 7.6 Limitation on Liability 129 Section 7.7 Resignation of the Collateral Custodian 132 Section 7.8 Access to Certain Documentation and Information regarding the Collateral; Audits 133 Section 8.1 Grant of Security Interest 133 Section 8.2 Release of Lien on Collateral 135 Section 8.3 Remedies 135 Section 8.4 Waiver of Certain Laws 135 Section 8.5 Power of Attorney 136 Section 9.1 Events of Default 136 Section 9.2 Remedies 139 Section 10.1 Indemnities by the Borrower 140 Section 10.2 Indemnities by the Collateral Manager 141 Section 10.3 After-Tax Basis 142

The Collateral Custodian. Section 7.1 Designation of Collateral Custodian 143144 Section 7.2 Duties of Collateral Custodian 143144 Section 7.3 Merger or Consolidation 145146 Section 7.4 Collateral Custodian Compensation 145146 Section 7.5 Collateral Custodian Removal 145146 Section 7.6 Limitation on Liability 145146 Section 7.7 Resignation of the Collateral Custodian 148149 Section 7.8 Access to Certain Documentation and Information Regarding the Collateral; Audits 149150

The Collateral Custodian. ▇▇▇▇▇▇ TRUST AND SAVINGS BANK

The Collateral Custodian. STATE STREET BANK AND TRUST COMPANY, not in its individual capacity but solely as Collateral Custodian

The Collateral Custodian. Designation of Collateral Custodian. 119 Section 6.2 Duties of Collateral Custodian. 119 Section 6.3 Merger or Consolidation. 122 Section 6.4 Collateral Custodian Compensation. 122 Section 6.5 Collateral Custodian Removal. 122 Section 6.6 Limitation on Liability. 122 Section 6.7 Resignation of the Collateral Custodian. 126 Section 6.8 Access to Certain Documentation and Information Regarding the Collateral; Audits. 127 ARTICLE VII SECURITY INTEREST Section 7.1 Grant of Security Interest. 127 Section 7.2 Release of Lien on Collateral. 129 Section 7.3 Remedies. 130 Section 7.4 Waiver of Certain Laws. 130 Section 7.5 Power of Attorney. 130

The Collateral Custodian. STATE STREET BANK AND TRUST COMPANY

The Collateral Custodian. 2 Section 2.1 Appointment; Duties of the Collateral Custodian 2 Section 2.2 Access to Receivable Files; Release of Receivable Files 6 Section 2.3 Compensation and Indemnification of Collateral Custodian 7 Section 2.4 Representations, Warranties and Covenants of the Collateral Custodian 8 Section 2.5 Covenants of the Collateral Custodian 9 Section 2.6 Liability of the Collateral Custodian 9 Section 2.7 Certain Matters Affecting the Collateral Custodian 12 Section 2.8 Merger, Conversion, Consolidation of, or Succession to Business of, the Collateral Custodian 14 Section 2.9 Termination 15 Section 2.10 Non-Reliance on Collateral Custodian 16 Section 2.11 AML Law 16 Section 3.1 Confidential Information 17 Section 4.1 Amendments 17 Section 4.2 Notices 19 Section 4.3 Cumulative Remedies 19 Section 4.4 Waivers 19 Section 4.5 Binding Effect 19 Section 4.6 Term of this Agreement; Survival 20 Section 4.7 Governing Law 20 Section 4.8 Submission to Jurisdiction, Waiver of Jury Trial 20 Section 4.9 Limitation on Consequential Damages 21 Section 4.10 Nonpetition Covenant 21 Section 4.11 Recourse Against Certain Parties 21 Section 4.12 Counterparts; Electronic Signatures 22 Section 4.13 Concerning the Owner Trustee and the Grantor Trust Trustee 22 Section 4.14 Information to be Provided by the Collateral Custodian 23 Section 4.15 Entire Agreement 24 Section 4.16 Headings 24 Section 4.17 Third-Party Beneficiaries 24 SCHEDULE I SYSTEM DESCRIPTION EXHIBIT A FORM OF RELEASE OF DOCUMENTS EXHIBIT B FORM OF DOCUMENT RECEIPT EXHIBIT C COLLATERAL CUSTODIAN FEE SCHEDULE EXHIBIT D SERVICING CRITERIA TO BE ADDRESSED IN COLLATERAL CUSTODIAN’S ASSESSMENT OF COMPLIANCE This Collateral Custodian Agreement, dated as of [__________] (this “Agreement”), is among CARVANA AUTO RECEIVABLES TRUST 20[ ]-[ ], a Delaware statutory trust, as the issuing entity (the “Issuing Entity”), CARVANA AUTO RECEIVABLES GRANTOR TRUST 20[ ]-[ ], a Delaware statutory trust, as the grantor trust (the “Grantor Trust”), CARVANA, LLC, an Arizona limited liability company, as administrator (the “Administrator”), BRIDGECREST CREDIT COMPANY, LLC, an Arizona limited liability company, as servicer (the “Servicer”), [ ], a [ ], acting through its document custody division (including, as applicable, any agents or affiliates utilized thereby), as collateral custodian (in such capacity, the “Collateral Custodian”), and [ ], as indenture trustee (in such capacity, the “Indenture Trustee”).

The Collateral Custodian. 113 Section 8.1 Designation of Collateral Custodian............................................. 113 Section 8.2 Duties of Collateral Custodian.................................................. 113 Section 8.3 Merger or Consolidation......................................................... 115 Section 8.4 Collateral Custodian Compensation............................................... 115 Section 8.5 Collateral Custodian Removal.................................................... 115

The Collateral Custodian. 115 Section 7.1. Designation of Collateral Custodian. .............................................................115 Section 7.2. Duties of Collateral Custodian. ......................................................................116 Section 7.3. Merger or Consolidation. ...............................................................................120 Section 7.4. Collateral Custodian Compensation. .............................................................120 Section 7.5. Collateral Custodian Removal. ......................................................................120 Section 7.6. Limitation on Liability. ..................................................................................121 Section 7.7. Resignation of the Collateral Custodian. .......................................................123 Section 7.8. Release of Documents....................................................................................123 Section 7.9. Return of Underlying Instruments. ................................................................124 Section 7.10. Access to Certain Documentation and Information Regarding the Collateral; Audits. .........................................................................................124 TABLE OF CONTENTS (continued) Page iii USActive 60440347.7 ARTICLE VIII.