0001193125-25-242433 Sample Contracts
CARMAX AUTO OWNER TRUST 2025-4, as Issuer, and WILMINGTON TRUST, NATIONAL ASSOCIATION, as Indenture Trustee INDENTURE Dated as of October 1, 2025 $241,500,000 4.088% Class A-1 Asset-backed Notes $315,000,000 3.95% Class A-2a Asset-backed Notes...Indenture • October 17th, 2025 • CarMax Auto Owner Trust 2025-4 • Asset-backed securities • New York
INDENTURE, dated as of October 1, 2025 (as amended, supplemented or otherwise modified and in effect from time to time, this “Indenture”), between CARMAX AUTO OWNER TRUST 2025-4, a Delaware statutory trust (the “Issuer”), and WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity but solely as indenture trustee (in such capacity, the “Indenture Trustee”).
CARMAX AUTO OWNER TRUST 2025-4, as Issuer, CARMAX AUTO FUNDING LLC, as Depositor, and CARMAX BUSINESS SERVICES, LLC, as Servicer SALE AND SERVICING AGREEMENT Dated as of October 1, 2025Sale and Servicing Agreement • October 17th, 2025 • CarMax Auto Owner Trust 2025-4 • Asset-backed securities • New York
SALE AND SERVICING AGREEMENT, dated as of October 1, 2025 (as amended, supplemented or otherwise modified and in effect from time to time, this “Agreement”), among CARMAX AUTO OWNER TRUST 2025-4, a Delaware statutory trust (the “Trust” or the “Issuer”), 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”).
ASSET REPRESENTATIONS REVIEW AGREEMENT CARMAX AUTO OWNER TRUST 2025-4, as Issuer, and CARMAX BUSINESS SERVICES, LLC, as Servicer, and CLAYTON FIXED INCOME SERVICES LLC, as Asset Representations Reviewer Dated as of October 1, 2025Asset Representations Review Agreement • October 17th, 2025 • CarMax Auto Owner Trust 2025-4 • Asset-backed securities • New York
This ASSET REPRESENTATIONS REVIEW AGREEMENT (this “Agreement”), entered into as of October 1, 2025, by and among CARMAX AUTO OWNER TRUST 2025-4, a Delaware statutory trust (the “Issuer”), CARMAX BUSINESS SERVICES, LLC, a Delaware limited liability company (the “Servicer”), and CLAYTON FIXED INCOME SERVICES LLC, a Delaware limited liability company (the “Asset Representations Reviewer”).
CARMAX AUTO OWNER TRUST 2025-4, as Issuer, CARMAX BUSINESS SERVICES, LLC, as Administrator, and WILMINGTON TRUST, NATIONAL ASSOCIATION, as Indenture Trustee ADMINISTRATION AGREEMENT Dated as of October 1, 2025Administration Agreement • October 17th, 2025 • CarMax Auto Owner Trust 2025-4 • Asset-backed securities • New York
ADMINISTRATION AGREEMENT, dated as of October 1, 2025 (as amended, supplemented or otherwise modified and in effect from time to time, this “Agreement”), by and among CARMAX AUTO OWNER TRUST 2025-4, a Delaware statutory trust (the “Issuer”), CARMAX BUSINESS SERVICES, LLC, a Delaware limited liability company, as administrator (in such capacity, the “Administrator”), and WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity but solely as indenture trustee (in such capacity, the “Indenture Trustee”).
CARMAX BUSINESS SERVICES, LLC, as Seller, and CARMAX AUTO FUNDING LLC, as Purchaser RECEIVABLES PURCHASE AGREEMENT Dated as of October 1, 2025Receivables Purchase Agreement • October 17th, 2025 • CarMax Auto Owner Trust 2025-4 • Asset-backed securities • New York
This Receivables Purchase Agreement, dated as of October 1, 2025, is between CarMax Business Services, LLC, a Delaware limited liability company (“CarMax”), as seller (the “Seller”), and CarMax Auto Funding LLC, a Delaware limited liability company (“CarMax Funding”), as purchaser (the “Purchaser”).
CARMAX AUTO FUNDING LLC, as Depositor, and U.S. BANK TRUST NATIONAL ASSOCIATION, as Owner Trustee AMENDED AND RESTATED TRUST AGREEMENT Dated as of October 1, 2025Trust Agreement • October 17th, 2025 • CarMax Auto Owner Trust 2025-4 • Asset-backed securities • Delaware
AMENDED AND RESTATED TRUST AGREEMENT, dated as of October 1, 2025 (as amended, supplemented or otherwise modified and in effect from time to time, this “Trust Agreement”), between CARMAX AUTO FUNDING LLC, a Delaware limited liability company, as depositor (the “Depositor”), and U.S. BANK TRUST NATIONAL ASSOCIATION, a national banking association, as owner trustee and not in its individual capacity (in such capacity, the “Owner Trustee”).