The Depositor Sample Clauses

The Depositor. Section 6.01 Respective Liabilities of the Depositor...................... Section 6.02 Merger or Consolidation of the Depositor..................... Section 6.03 Limitation on Liability of the Depositor and Others.......... Section 6.04

The Depositor. The Depositor hereby makes to the Purchaser each of the representations, warranties and covenants set forth in Section 3.01 of the Sale and Servicing Agreement as of the Closing Date and as of each Transfer Date (except to the extent that any such representation, warranty or covenant is expressly made as of another date).

The Depositor. Section 6.01 Liability of the Depositor Section 6.02 Merger or Consolidation of the Depositor 45

The Depositor. 25 SECTION 5.1 Representations, Warranties and Covenants of Depositor.....................................25 SECTION 5.2 Liability of Depositor; Indemnities........................................................26 SECTION 5.3 Merger or Consolidation of, or Assumption of the Obligations of Depositor..................27 SECTION 5.4 Limitation on Liability of Depositor and Others............................................27 SECTION 5.5 Depositor May Own Notes or Certificates....................................................27

The Depositor. SECTION 4.1 Responsibilities of the Depositor..............................................19 SECTION 4.2 Certain Matters Regarding a Successor Depositor................................19 SECTION 4.3 Compensation of the Depositor..................................................20

The Depositor. 44 Section 7.1

The Depositor. Section 5.01. Representations and Warranties of Depositor 27 Section 5.02. Liability of Depositor; Indemnities 28 Section 5.03. Merger, Consolidation or Assumption of the Obligations of Depositor 29 Section 5.04. Limitation on Liability of Depositor and Others 30 Section 5.05. Depositor Not to Resign 30 Section 5.06. Depositor May Own Securities 30 Section 5.07. Covenants of Depositor 30 Section 6.01. Representations and Warranties of Servicer 31 Section 6.02. Liability of Servicer; Indemnities 32 Section 6.03. Merger or Consolidation of, or Assumption of the Obligations of Servicer 34 Section 6.04. Limitation on Liability of Servicer and Others 34 Section 6.05. DTFS USA Not to Resign as Servicer 34 Section 6.06. Servicer May Own Securities 35 Section 7.01. Servicer Termination Events 36 Section 7.02. Appointment of Successor Servicer 38 Section 7.03. Effect of Servicing Transfer 38 Section 7.04. Notification to Noteholders and Rating Agencies 39 Section 7.05. Waiver of Past Servicer Termination Events 39 Section 7.06. Repayment of Advances 39

The Depositor contemporaneously with the delivery of this Agreement, hereby affirms the representations and warranties set forth in Section 3.02 of the Pooling and Servicing Agreement that relate to the Subsequent Mortgage Loans as of the date hereof. The Depositor hereby confirms that each of the conditions set forth in Section 2.10(b), and as applicable, Section 2.10(c) or Section 2.10(d), of the Pooling and Servicing Agreement are satisfied as of the date hereof.

The Depositor. 6.1 Representations and Warranties of Depositor 27 6.2 Liability of Depositor; Indemnities 28 6.3 Merger or Consolidation of, or Assumption of the Obligations of, Depositor 30 6.4 Limitation on Liability of Depositor and Others 30 6.5 Depositor May Own Notes or Certificates 31 6.6 Covenant With Respect To the Asset Representations Reviewer 31 6.7 Certain Limitations 31 7.1 Representations and Warranties of Servicer 33 7.2 Liability of Servicer; Indemnities 34 7.3 Merger or Consolidation of, or Assumption of the Obligations of, Servicer 35 7.4 Limitation on Liability of Servicer and Others 36 7.5 Delegation of Duties 37 7.6 Servicer Not to Resign 37 7.7 Servicer May Own Notes or Certificates 37 8.1 Events of Servicing Termination 38 8.2 Indenture Trustee to Act; Appointment of Successor Servicer 39 8.3 Effect of Servicing Transfer 41 8.4 Notification to Noteholders, Certificateholders and Rating Agencies 42 8.5 Waiver of Past Events of Servicing Termination 42 8.6 Repayment of Advances 42 9.1 Optional Purchase of All Receivables 41 10.1 Amendment 43 10.2 Protection of Title to Trust 45 10.3 GOVERNING LAW 47 10.4 Notices 47 10.5 Severability of Provisions 47 10.6 Assignment 48 10.7 Further Assurances 48 10.8 No Waiver; Cumulative Remedies 48 10.9 Third-Party Beneficiaries 48 10.10 Actions by Noteholder or Certificateholders 48 10.11 Counterparts 49 10.12 No Bankruptcy Petition 49 10.13 Limitation of Liability of Owner Trustee and Indenture Trustee 49 10.14 Regulation AB 49 10.15 Communications Regarding Demands to Repurchase Receivables 50 10.16 Legal Fees Associated with Indemnification 50 SCHEDULE 1 Receivable Schedule SCHEDULE 2 Location of Receivable Files EXHIBIT A Form of Servicer’s Certificate EXHIBIT B Servicing Criteria to Be Addressed in Assessment of Compliance APPENDIX A Definitions SALE AND SERVICING AGREEMENT, dated as of February 1, 2016 (as amended, supplemented or otherwise modified and in effect from time to time, this “Agreement”), among CARMAX AUTO OWNER TRUST 2016-1, a Delaware statutory trust (the “Trust”), CARMAX AUTO FUNDING LLC, a Delaware limited liability company (the “Depositor”), and CARMAX BUSINESS SERVICES, LLC, a Delaware limited liability company (“CarMax”), as servicer (in such capacity, the “Servicer”).