Successor Owner Trustees and Additional Owner Trustees. SECTION 9.1. Eligibility Requirements for Owner Trustee.....................19 SECTION 9.2. Resignation or Removal of Owner Trustee........................20 SECTION 9.3. Successor Owner Trustee........................................20 SECTION 9.4. Merger or Consolidation of Owner Trustee.......................21 SECTION 9.5. Appointment of Co-Trustee or Separate Trustee..................21 ARTICLE X.MISCELLANEOUS
Successor Owner Trustees and Additional Owner Trustees. Section 9.01.
Successor Owner Trustees and Additional Owner Trustees. Section 9.01 Eligibility Requirements for Owner Trustee Section 9.02 Replacement of Owner Trustee Section 9.03 Successor Owner Trustee Section 9.04 Merger or Consolidation of Owner Trustee Section 9.05 Appointment of Co-Trustee or Separate Trustee ARTICLE X
Successor Owner Trustees and Additional Owner Trustees. SECTION 10.01 Eligibility Requirements for Owner Trustee 27 SECTION 10.02 Resignation or Removal of Owner Trustee 27 SECTION 10.03 Successor Owner Trustee 28 SECTION 10.04 Merger or Consolidation of Owner Trustee 28 SECTION 10.05 Appointment of Co-Trustee or Separate Trustee 29 ARTICLE XI
Successor Owner Trustees and Additional Owner Trustees. 27 Section 10.1 Eligibility Requirements for Owner Trustee 27 Section 10.2 Resignation or Removal of Owner Trustee 27 Section 10.3 Successor Owner Trustee 28 Section 10.4 Merger or Consolidation of Owner Trustee 28 Section 10.5 Appointment of Co-Trustee or Separate Trustee 29 ARTICLE XI MISCELLANEOUS 30 Section 11.1 Supplements and Amendments 30 Section 11.2 No Legal Title to Owner Trust Estate in Certificateholders 32 Section 11.3 Limitation on Rights of Others 32 Section 11.4 Notices 32 Section 11.5 Severability 32 Section 11.6 Separate Counterparts and Electronic Signature 33 Section 11.7 Successors and Assigns 33 Section 11.8 Covenants of the Depositor 33 Section 11.9 No Petition 33 Section 11.10 No Recourse 33 Section 11.11 Headings 33 Section 11.12 Governing Law; Waiver of Jury Trial 34 Section 11.13 Depositor Payment Obligation 34 Section 11.14 Certificates Nonassessable and Fully Paid 34 Section 11.15 Ratification of Prior Actions 34 Section 11.16 Legal Fees Associated with Indemnification 34 Section 11.17 FinCEN Compliance 34 EXHIBITS EXHIBIT A Form of Certificate EXHIBIT B Form of Certificate of Trust AMENDED AND RESTATED TRUST AGREEMENT, dated as of April 1, 2022 (as amended, supplemented or otherwise modified and in effect from time to time, this “Agreement”), between CARMAX AUTO FUNDING LLC, a Delaware limited liability company, as depositor (the “Depositor”), and WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association, as owner trustee and not in its individual capacity (in such capacity, the “Owner Trustee”).
Successor Owner Trustees and Additional Owner Trustees. Section 10.01
Successor Owner Trustees and Additional Owner Trustees. 25 SECTION 9.1. Eligibility Requirements for Owner Trustee 25 SECTION 9.2. Resignation or Removal of Owner Trustee 25 SECTION 9.3. Successor Owner Trustee 26 SECTION 9.4. Merger or Consolidation of Owner Trustee 26 SECTION 9.5. Appointment of Co-Trustee or Separate Trustee 27 ARTICLE X. Miscellaneous 28 SECTION 10.1. Supplements and Amendments 28 SECTION 10.2. No Legal Title to Owner Trust Estate in Certificateholder 29 SECTION 10.3. Limitations on Rights of Others 29 SECTION 10.4. Notices 29 SECTION 10.5. Severability 30 SECTION 10.6. Separate Counterparts 30 SECTION 10.7. Assignments 30 SECTION 10.8. No Recourse 30 SECTION 10.9. Headings 30 SECTION 10.10. GOVERNING LAW 30 SECTION 10.11. Servicer 31 SECTION 10.12. Nonpetition Covenants 31 SECTION 10.13. Regulation AB 31
Successor Owner Trustees and Additional Owner Trustees. Section 9.01. Eligibility Requirements for Owner Trustee.................................................26 Section 9.02. Resignation or Removal of Owner Trustee....................................................27 Section 9.03.
Successor Owner Trustees and Additional Owner Trustees. 28 Section 9.01 Eligibility Requirements for Owner Trustee............... 28
Successor Owner Trustees and Additional Owner Trustees. 32 ------------------------------------------------------ Section 10.1. Eligibility Requirements for Owner Trustee............... 32 Section 10.2. Resignation or Removal of Owner Trustee.................. 32 Section 10.3. Successor Owner Trustee.................................. 33 Section 10.4. Merger or Consolidation of Owner Trustee................. 34
