Common use of Usage and Definitions Clause in Contracts

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April 1, 2022 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April July 1, 2022 2020 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April January 1, 2022 2018 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April July 1, 2022 2016 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April 1[ ], 2022 20[ ] (the “Sale and Servicing Agreement”), among the Issuer, CarMax World Omni Auto Funding Receivables LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April January 1, 2022 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April September 1, 2022 2021 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April January 1, 2022 2017 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April 1, 2022 2023 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April January 1, 2022 2025 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April 1, 2022 2019 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April January 1, 2022 2021 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April October 1, 2022 2018 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April 1, 2022 2021 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April July 1, 2022 2023 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April November 1, 2022 2024 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April 1, 2022 2024 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April February 1, 2022 2016 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April October 1, 2022 2016 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April July 1, 2022 2024 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April October 1, 2022 2019 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in Part I of Appendix A to the Sale and Servicing Agreement, dated as of April 1September 22, 2022 2021 (the “Sale and Servicing Agreement”), among the IssuerIssuing Entity, CarMax World Omni Auto Funding Receivables LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April July 1, 2022 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April 1, 2022 2016 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April 1, 2022 2018 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April May 1, 2022 2025 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April January 1, 2022 2024 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April July 1, 2022 2018 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April 1[___], 2022 20[__] (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor[,] [and] the Servicer [and [___], and the Serviceras backup servicer].

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April July 1, 2022 2021 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April July 1, 2022 2019 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April 1, 2022 2017 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April October 1, 2022 2023 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April October 1, 2022 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April July 1, 2022 2017 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April January 1, 2022 2020 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April January 1, 2022 2023 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April October 1, 2022 2020 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April January 1, 2022 2019 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April October 1, 2022 2025 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April July 1, 2022 2025 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April 1, 2022 2020 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April October 1, 2022 2017 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April January 1, 2022 2026 (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in Part I of Appendix A to the Sale and Servicing Agreement, dated as of April 1, 2022 the date hereof (the “Sale and Servicing Agreement”), among the IssuerIssuing Entity[, CarMax the Grantor Trust], World Omni Auto Funding Receivables LLC, as depositor, and the Servicer.

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April 1[ ], 2022 20[ ] (the “Sale and Servicing Agreement”), among the Issuer, CarMax Auto Funding LLC, as depositor[,] [and] the Servicer [and [ ], and the Serviceras backup servicer].

Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Sale and Servicing Agreement, dated as of April 1[___], 2022 20[__] (the “Sale and Servicing Agreement”), among the Issuer, [the Grantor Trust,] CarMax Auto Funding LLC, as depositor[,] [and] the Servicer [and [___], and the Serviceras backup servicer].