SALE AND CONTRIBUTION AGREEMENTSale and Contribution Agreement • April 4th, 2012 • Credit Acceptance Corp • Personal credit institutions • New York
This SALE AND CONTRIBUTION AGREEMENT, dated as of March 29, 2012 (the “Agreement”), is made between CREDIT ACCEPTANCE CORPORATION, a Michigan corporation (“CAC”) and CREDIT ACCEPTANCE FUNDING LLC 2012-1, a Delaware limited liability company (“Funding”).
ContractTrust Agreement • April 4th, 2012 • Credit Acceptance Corp • Personal credit institutions • Delaware
CREDIT ACCEPTANCE AUTO LOAN TRUST 2012-1 CLASS A ASSET BACKED NOTES CLASS B ASSET BACKED NOTES CLASS C ASSET BACKED NOTES CREDIT ACCEPTANCE AUTO LOAN TRUST 2012-1, as the Issuer CREDIT ACCEPTANCE FUNDING LLC 2012-1, as the Seller CREDIT ACCEPTANCE...Sale and Servicing Agreement • April 4th, 2012 • Credit Acceptance Corp • Personal credit institutions • New York
This Sale and Servicing Agreement, dated as of March 29, 2012, among CREDIT ACCEPTANCE AUTO LOAN TRUST 2012-1 (the “Issuer” or the “Trust”), CREDIT ACCEPTANCE FUNDING LLC 2012-1, a Delaware limited liability company, as Seller (the “Seller”), CREDIT ACCEPTANCE CORPORATION, a Michigan corporation, in its individual capacity (“Credit Acceptance”) and as Servicer (the “Servicer”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association organized under the laws of the United States, in its capacity as Backup Servicer, Trust Collateral Agent and Indenture Trustee (the “Backup Servicer,” “Trust Collateral Agent” and “Indenture Trustee”).
BACKUP SERVICING AGREEMENTBackup Servicing Agreement • April 4th, 2012 • Credit Acceptance Corp • Personal credit institutions • New York
BACKUP SERVICING AGREEMENT (the “Agreement”), dated as of March 29, 2012, among WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association organized under the laws of the United States (“Wells Fargo”), as backup servicer (the “Backup Servicer”), and as trust collateral agent (the “Trust Collateral Agent”), CREDIT ACCEPTANCE CORPORATION, a Michigan corporation (“Credit Acceptance” or the “Servicer”), CREDIT ACCEPTANCE FUNDING LLC 2012-1, a Delaware limited liability company (the “Seller”) and CREDIT ACCEPTANCE AUTO LOAN TRUST 2012-1, a Delaware statutory trust (the “Trust” or the “Issuer”).
CREDIT ACCEPTANCE AUTO LOAN TRUST 2012-1 $161,500,000 CLASS A ASSET BACKED NOTES $39,750,000 CLASS B ASSET BACKED NOTES $95,146 CLASS C ASSET BACKED NOTES INDENTURE Dated as of March 29, 2012 WELLS FARGO BANK, NATIONAL ASSOCIATION as the Trust...Indenture • April 4th, 2012 • Credit Acceptance Corp • Personal credit institutions • New York
In addition to the representations, warranties and covenants contained in the Indenture, the Issuer hereby represents, warrants, and covenants to the Trust, the Trust Collateral Agent and the Indenture Trustee as follows on the Closing Date and on each Distribution Date on which the Trust purchases Loans, in each case only with respect to the Collateral pledged to the Indenture Trustee on the Closing Date or the relevant Distribution Date:
ContractIntercreditor Agreement • April 4th, 2012 • Credit Acceptance Corp • Personal credit institutions • New York
