Conveyance of Receivables Issuance of Securities. 1 Section 2.01 Conveyance of Receivables 1 Section 2.02 Acceptance by Issuing Entity 2 Section 2.03 Representations and Warranties as to the Receivables 3 Section 2.04 Repurchase of Receivables Upon Breach of Warranty 3 ARTICLE III THE DEPOSITOR 4 Section 3.01 Representations of the Depositor 4 Section 3.02 Liability of the Depositor 5 Section 3.03 Merger or Consolidation of, or Assumption of the Obligations of the Depositor; Amendment of Limited Liability Company Agreement. 5 Section 3.04 Limitation on Liability of the Depositor and Others 6 Section 3.05 The Depositor May Own Notes or Certificates 6 Section 3.06 Compliance with the FDIC Rule 7 ARTICLE IV MISCELLANEOUS PROVISIONS 7 Section 4.01 Amendment 7 Section 4.02 Protection of Title to Trust 8 Section 4.03 Notices 9 Section 4.04 GOVERNING LAW 9 Section 4.05 Severability of Provisions 10 Section 4.06 Assignment 10 Section 4.07 Third-Party Beneficiaries 10 Section 4.08 Separate Counterparts 10 Section 4.09 Headings and Cross-References 10 Section 4.10 Assignment to Indenture Trustee 10 Section 4.11 No Petition Covenants 11 Section 4.12 Limitation of Liability of Indenture Trustee and Owner Trustee 11 EXHIBIT A Schedule of Receivables EXHIBIT B Form of Second Step Receivables Assignment EXHIBIT C Additional Representations and Warranties APPENDIX A Definitions, Rules of Construction and Notices THIS TRUST SALE AGREEMENT is made as of May 30, 2012 between ALLY AUTO ASSETS LLC, a Delaware limited liability company (the “Depositor”), and ALLY AUTO RECEIVABLES TRUST 2012-3, a Delaware statutory trust (the “Issuing Entity”).
Conveyance of Receivables Issuance of Securities. 1 Section 2.01 Conveyance of Receivables 1 Section 2.02 Acceptance by Issuing Entity 2
Conveyance of Receivables Issuance of Securities. 1 Section 2.01 Conveyance of Receivables 1 Section 2.02 Custody of Receivable Files 3 Section 2.03 Acceptance by Issuing Entity 3 Section 2.04 Representations and Warranties as to the Receivables 3 Section 2.05 Repurchase of Receivables Upon Breach of Warranty 3 Section 2.06 Realization Upon Liquidating Receivables 4 ARTICLE III THE DEPOSITOR 4 Section 3.01 Representations of Depositor 4 Section 3.02 Liability of Depositor 6 Section 3.03 Merger or Consolidation of, or Assumption of the Obligations of Depositor; Amendment of Certificate of Formation 6 Section 3.04 Limitation on Liability of Depositor and Others 7 Section 3.05 Depositor May Own Notes or Certificates 7
Conveyance of Receivables Issuance of Securities. 1 Section 2.01 Conveyance of Receivables 1 Section 2.02 Acceptance by Issuing Entity 2 Section 2.03 Representations and Warranties as to the Receivables 3 Section 2.04 Repurchase of Receivables Upon Breach of Warranty 3 ARTICLE III THE DEPOSITOR 4 Section 3.01 Representations of the Depositor 4 Section 3.02 Liability of the Depositor 5 Section 3.03 Merger or Consolidation of, or Assumption of the Obligations of the Depositor; Amendment of Limited Liability Company Agreement. 6
Conveyance of Receivables Issuance of Securities. 1 Section 2.01 Conveyance of Receivables 1 Section 2.02 Acceptance by Issuing Entity 2 Section 2.03 Representations and Warranties as to the Receivables 3 Section 2.04 Repurchase of Receivables Upon Breach of Warranty 3 ARTICLE III THE DEPOSITOR 3 Section 3.01 Representations of the Depositor 3 Section 3.02 Liability of the Depositor 5
Conveyance of Receivables Issuance of Securities. 21 Section 2.1. Conveyance of Receivables......................................21 Section 2.2.
Conveyance of Receivables Issuance of Securities. . . 22 Section 2.1 Conveyance of Receivables . . . . . . . . . . . . . 23 Section 2.2
Conveyance of Receivables Issuance of Securities. Section 2.1
Conveyance of Receivables Issuance of Securities
