Common use of Back-up Servicing Clause in Contracts

Back-up Servicing. In the event that Santander Consumer is the Servicer, and (i) the long-term counterparty risk rating by ▇▇▇▇▇’▇ of Banco Santander, S.A. falls below “Baa3” (a “Ratings Trigger Event”) or (ii) Banco Santander, S.A. ceases to directly or indirectly own at least 50% of the voting stock or voting power of Santander Consumer (an “Ownership Trigger Event”), Santander Consumer shall have in place a back-up servicing arrangement consistent with ▇▇▇▇▇’▇ published ratings criteria at the time of the Ratings Trigger Event or Ownership Trigger Event, as applicable, within 90 days of such Ratings Trigger Event or Ownership Trigger Event, respectively, unless it shall be acceptable to ▇▇▇▇▇’▇ at such time, or otherwise satisfy the Rating Agency Condition with respect to ▇▇▇▇▇’▇, for Santander Consumer not to have in place a back-up servicing arrangement or to deviate from such published criteria.

Back-up Servicing. In the event that Santander Consumer is the Servicer, and (i) the long-term counterparty risk rating by ▇▇▇▇▇’▇ Moody’s of Banco Santander, S.A. falls below “Baa3” (a “Ratings Trigger Event”) or (ii) Banco Santander, S.A. ceases to directly or indirectly own at least 50% of the voting stock or voting power of Santander Consumer (an “Ownership Trigger Event”), Santander Consumer shall have in place a back-up servicing arrangement consistent with ▇▇▇▇▇’▇ Moody’s published ratings criteria at the time of the Ratings Trigger Event or Ownership Trigger Event, as applicable, within 90 days of such Ratings Trigger Event or Ownership Trigger Event, respectively, unless it shall be acceptable to ▇▇▇▇▇’▇ Moody’s at such time, or otherwise satisfy the Rating Agency Condition with respect to ▇▇▇▇▇’▇Moody’s, for Santander Consumer not to have in place a back-up servicing arrangement or to deviate from such published criteria.

Back-up Servicing. In the event that Santander Consumer is the Servicer, and (i) the long-term counterparty risk rating by ▇▇▇▇▇’▇ of Banco Santander, S.A. falls below “Baa3” (a “Ratings Trigger Event”) or (ii) Banco Santander, S.A. ceases to directly or indirectly own at least 50% of the voting stock or voting power of Santander Consumer (an “Ownership Trigger Event”), Santander Consumer shall have in place a back-up servicing arrangement consistent with ▇▇▇▇▇’▇ published ratings criteria at the time of the Ratings Trigger Event or Ownership Trigger Event, as applicable, within 90 days of such Ratings Trigger Event or Ownership Trigger Event, respectively, unless it shall be acceptable to ▇▇▇▇▇’▇ at such time, or otherwise satisfy the Rating Agency Condition with respect to ▇▇▇▇▇’▇, for Santander Consumer not to have in place a back-up servicing arrangement or to deviate from such published criteria.. 11 Sale and Servicing Agreement (SDART 2023-6)

Back-up Servicing. In the event that Santander Consumer is the Servicer, and (i) the long-term counterparty risk rating by ▇▇▇▇▇’▇ of Banco Santander, S.A. falls below “Baa3” (a “Ratings Trigger Event”) or (ii) Banco Santander, S.A. ceases to directly or indirectly own at least 50% of the voting stock or voting power of Santander Consumer (an “Ownership Trigger Event”), Santander Consumer shall have in place a back-up servicing arrangement consistent with ▇▇▇▇▇’▇ Moody’s published ratings criteria at the time of the Ratings Trigger Event or Ownership Trigger Event, as applicable, within 90 days of such Ratings Trigger Event or Ownership Trigger Event, respectively, unless it shall be acceptable to ▇▇▇▇▇’▇ at such time, or otherwise satisfy the Rating Agency Condition with respect to ▇▇▇▇▇’▇, for Santander Consumer not to have in place a back-up servicing arrangement or to deviate from such published criteria.. 9 Servicing Agreement (SDART 2025-1)

Back-up Servicing. In the event that Santander Consumer is the Servicer, and (i) the long-term counterparty risk rating by ▇▇▇▇▇’▇ of Banco Santander, S.A. falls below “Baa3” (a “Ratings Trigger Event”) or (ii) Banco Santander, S.A. ceases to directly or indirectly own at least 50% of the voting stock or voting power of Santander Consumer (an “Ownership Trigger Event”), Santander Consumer shall have in place a back-up servicing arrangement consistent with ▇▇▇▇▇’▇ published ratings criteria at the time of the Ratings Trigger Event or Ownership Trigger Event, as applicable, within 90 days of such Ratings Trigger Event or Ownership Trigger Event, respectively, unless it shall be acceptable to ▇▇▇▇▇’▇ at such time, or otherwise satisfy the Rating Agency Condition with respect to ▇▇▇▇▇’▇, for Santander Consumer not to have in place a back-up servicing arrangement or to deviate from such published criteria.. 11 Sale and Servicing Agreement (SDART 2023-5)

Back-up Servicing. In the event that Santander Consumer is the Servicer, and (i) the long-term counterparty risk rating by ▇▇▇▇▇’▇ Moody’s of Banco Santander, S.A. falls below “Baa3” (a “Ratings Trigger Event”) or (ii) Banco Santander, S.A. ceases to directly or indirectly own at least 50% of the voting stock or voting power of Santander Consumer (an “Ownership Trigger Event”), Santander Consumer shall have in place a back-up servicing arrangement consistent with ▇▇▇▇▇’▇ Moody’s published ratings criteria at the time of the Ratings Trigger Event or Ownership Trigger Event, as applicable, within 90 days of such Ratings Trigger Event or Ownership Trigger Event, respectively, unless it shall be acceptable to ▇▇▇▇▇’▇ Moody’s at such time, or otherwise satisfy the Rating Agency Condition with respect to ▇▇▇▇▇’▇Moody’s, for Santander Consumer not to have in place a back-up servicing arrangement or to deviate from such published criteria.. 11 Sale and Servicing Agreement (SDART 2024-1)

Back-up Servicing. In the event that Santander Consumer is the Servicer, and (i) the long-term counterparty risk rating by ▇▇▇▇▇’▇ Moody’s of Banco Santander, S.A. falls below “Baa3” (a “Ratings Trigger Event”) or (ii) Banco Santander, S.A. ceases to directly or indirectly own at least 50% of the voting stock or voting power of Santander Consumer (an “Ownership Trigger Event”), Santander Consumer shall have in place a back-up servicing arrangement consistent with ▇▇▇▇▇’▇ Moody’s published ratings criteria at the time of the Ratings Trigger Event or Ownership Trigger Event, as applicable, within 90 days of such Ratings Trigger Event or Ownership Trigger Event, respectively, unless it shall be acceptable to ▇▇▇▇▇’▇ Moody’s at such time, or otherwise satisfy the Rating Agency Condition with respect to ▇▇▇▇▇’▇Moody’s, for Santander Consumer not to have in place a back-up servicing arrangement or to deviate from such published criteria.. 11 Sale and Servicing Agreement (DRIVE 2020-1)

Back-up Servicing. In the event that Santander Consumer is the Servicer, and (i) the long-term counterparty risk rating by ▇▇▇▇▇’▇ of Banco Santander, S.A. falls below “Baa3” (a “Ratings Trigger Event”) or (ii) Banco Santander, S.A. ceases to directly or indirectly own at least 50% of the voting stock or voting power of Santander Consumer (an “Ownership Trigger Event”), Santander Consumer shall have in place a back-up servicing arrangement consistent with ▇▇▇▇▇’▇ Moody’s published ratings criteria at the time of the Ratings Trigger Event or Ownership Trigger Event, as applicable, within 90 days of such Ratings Trigger Event or Ownership Trigger Event, respectively, unless it shall be acceptable to ▇▇▇▇▇’▇ at such time, or otherwise satisfy the Rating Agency Condition with respect to ▇▇▇▇▇’▇, for Santander Consumer not to have in place a back-up servicing arrangement or to deviate from such published criteria.. 11 Sale and Servicing Agreement (DRIVE 2024-2)

Back-up Servicing. In the event that Santander Consumer is the Servicer, and (i) the long-term counterparty risk rating by ▇▇▇▇▇’▇ Moody’s of Banco Santander, S.A. falls below “Baa3” (a “Ratings Trigger Event”) or (ii) Banco Santander, S.A. ceases to directly or indirectly own at least 50% of the voting stock or voting power of Santander Consumer (an “Ownership Trigger Event”), Santander Consumer shall have in place a back-up servicing arrangement consistent with ▇▇▇▇▇’▇ Moody’s published ratings criteria at the time of the Ratings Trigger Event or Ownership Trigger Event, as applicable, within 90 days of such Ratings Trigger Event or Ownership Trigger Event, respectively, unless it shall be acceptable to ▇▇▇▇▇’▇ Moody’s at such time, or otherwise satisfy the Rating Agency Condition with respect to ▇▇▇▇▇’▇Moody’s, for Santander Consumer not to have in place a back-up servicing arrangement or to deviate from such published criteria.. 11 Sale and Servicing Agreement (SDART 2023-4)

Back-up Servicing. In the event that Santander Consumer is the Servicer, and (i) the long-term counterparty risk rating by ▇▇▇▇▇’▇ of Banco Santander, S.A. falls below “Baa3” (a “Ratings Trigger Event”) or (ii) Banco Santander, S.A. ceases to directly or indirectly own at least 50% of the voting stock or voting power of Santander Consumer (an “Ownership Trigger Event”), Santander Consumer shall have in place a back-up servicing arrangement consistent with ▇▇▇▇▇’▇ Moody’s published ratings criteria at the time of the Ratings Trigger Event or Ownership Trigger Event, as applicable, within 90 days of such Ratings Trigger Event or Ownership Trigger Event, respectively, unless it shall be acceptable to ▇▇▇▇▇’▇ at such time, or otherwise satisfy the Rating Agency Condition with respect to ▇▇▇▇▇’▇, for Santander Consumer not to have in place a back-up servicing arrangement or to deviate from such published criteria.

Back-up Servicing. In the event that Santander Consumer is the Servicer, and (i) the long-term counterparty risk rating by ▇▇▇▇▇’▇ of Banco Santander, S.A. falls below “Baa3” (a “Ratings Trigger Event”) or (ii) Banco Santander, S.A. ceases to directly or indirectly own at least 50% of the voting stock or voting power of Santander Consumer (an “Ownership Trigger Event”), Santander Consumer shall have in place a back-up servicing arrangement consistent with ▇▇▇▇▇’▇ published ratings criteria at the time of the Ratings Trigger Event or Ownership Trigger Event, as applicable, within 90 days of such Ratings Trigger Event or Ownership Trigger Event, respectively, unless it shall be acceptable to ▇▇▇▇▇’▇ at such time, or otherwise satisfy the Rating Agency Condition with respect to ▇▇▇▇▇’▇, for Santander Consumer not to have in place a back-up servicing arrangement or to deviate from such published criteria.. 11 Sale and Servicing Agreement (SDART 2023-2)

Back-up Servicing. In the event that Santander Consumer is the Servicer, and (i) the long-term counterparty risk rating by ▇▇▇▇▇’▇ of Banco Santander, S.A. falls below “Baa3” (a “Ratings Trigger Event”) or (ii) Banco Santander, S.A. ceases to directly or indirectly own at least 50% of the voting stock or voting power of Santander Consumer (an “Ownership Trigger Event”), Santander Consumer shall have in place a back-up servicing arrangement consistent with ▇▇▇▇▇’▇ Moody’s published ratings criteria at the time of the Ratings Trigger Event or Ownership Trigger Event, as applicable, within 90 days of such Ratings Trigger Event or Ownership Trigger Event, respectively, unless it shall be acceptable to ▇▇▇▇▇’▇ at such time, or otherwise satisfy the Rating Agency Condition with respect to ▇▇▇▇▇’▇, for Santander Consumer not to have in place a back-up servicing arrangement or to deviate from such published criteria.. 11 Sale and Servicing Agreement (SDART 2024-4)

Back-up Servicing. In the event that Santander Consumer is the Servicer, and (i) the long-term counterparty risk rating by ▇▇▇▇▇’▇ Moody’s of Banco Santander, S.A. falls below “Baa3” (a “Ratings Trigger Event”) or (ii) Banco Santander, S.A. ceases to directly or indirectly own at least 50% of the voting stock or voting power of Santander Consumer (an “Ownership Trigger Event”), Santander Consumer shall have in place a back-up servicing arrangement consistent with ▇▇▇▇▇’▇ Moody’s published ratings criteria at the time of the Ratings Trigger Event or Ownership Trigger Event, as applicable, within 90 days of such Ratings Trigger Event or Ownership Trigger Event, respectively, unless it shall be acceptable to ▇▇▇▇▇’▇ Moody’s at such time, or otherwise satisfy the Rating Agency Condition with respect to ▇▇▇▇▇’▇Moody’s, for Santander Consumer not to have in place a back-up servicing arrangement or to deviate from such published criteria.. 11 Sale and Servicing Agreement (DRIVE 2024-1)

Back-up Servicing. In the event that Santander Consumer is the Servicer, and (i) the long-term counterparty risk rating by ▇▇▇▇▇’▇ of Banco Santander, S.A. falls below “Baa3” (a “Ratings Trigger Event”) or (ii) Banco Santander, S.A. ceases to directly or indirectly own at least 50% of the voting stock or voting power of Santander Consumer (an “Ownership Trigger Event”), Santander Consumer shall have in place a back-up servicing arrangement consistent with ▇▇▇▇▇’▇ Moody’s published ratings criteria at the time of the Ratings Trigger Event or Ownership Trigger Event, as applicable, within 90 days of such Ratings Trigger Event or Ownership Trigger Event, respectively, unless it shall be acceptable to ▇▇▇▇▇’▇ at such time, or otherwise satisfy the Rating Agency Condition with respect to ▇▇▇▇▇’▇, for Santander Consumer not to have in place a back-up servicing arrangement or to deviate from such published criteria.. 11 Sale and Servicing Agreement (SDART 2024-5)

Back-up Servicing. In the event that Santander Consumer is the Servicer, and (i) the long-term counterparty risk rating by ▇▇▇▇▇’▇ of Banco Santander, S.A. falls below “Baa3” (a “Ratings Trigger Event”) or (ii) Banco Santander, S.A. ceases to directly or indirectly own at least 50% of the voting stock or voting power of Santander Consumer (an “Ownership Trigger Event”), Santander Consumer shall have in place a back-up servicing arrangement consistent with ▇▇▇▇▇’▇ published ratings criteria at the time of the Ratings Trigger Event or Ownership Trigger Event, as applicable, within 90 days of such Ratings Trigger Event or Ownership Trigger Event, respectively, unless it shall be acceptable to ▇▇▇▇▇’▇ at such time, or otherwise satisfy the Rating Agency Condition with respect to ▇▇▇▇▇’▇, for Santander Consumer not to have in place a back-up servicing arrangement or to deviate from such published criteria.. 11 Sale and Servicing Agreement (SDART 2024-3)

Back-up Servicing. In the event that Santander Consumer is the Servicer, and (i) the long-term counterparty risk rating by ▇▇▇▇▇’▇ of Banco Santander, S.A. falls below “Baa3” (a “Ratings Trigger Event”) or (ii) Banco Santander, S.A. ceases to directly or indirectly own at least 50% of the voting stock or voting power of Santander Consumer (an “Ownership Trigger Event”), Santander Consumer shall have in place a back-up servicing arrangement consistent with ▇▇▇▇▇’▇ published ratings criteria at the time of the Ratings Trigger Event or Ownership Trigger Event, as applicable, within 90 days of such Ratings Trigger Event or Ownership Trigger Event, respectively, unless it shall be acceptable to ▇▇▇▇▇’▇ at such time, or otherwise satisfy the Rating Agency Condition with respect to ▇▇▇▇▇’▇, for Santander Consumer not to have in place a back-up servicing arrangement or to deviate from such published criteria.]

Back-up Servicing. In the event that Santander Consumer is the Servicer, and (i) the long-term counterparty risk rating by ▇▇▇▇▇’▇ of Banco Santander, S.A. falls below “Baa3” (a “Ratings Trigger Event”) or (ii) Banco Santander, S.A. ceases to directly or indirectly own at least 50% of the voting stock or voting power of Santander Consumer (an “Ownership Trigger Event”), Santander Consumer shall have in place a back-up servicing arrangement consistent with ▇▇▇▇▇’▇ published ratings criteria at the time of the Ratings Trigger Event or Ownership Trigger Event, as applicable, within 90 days of such Ratings Trigger Event or Ownership Trigger Event, respectively, unless it shall be acceptable to ▇▇▇▇▇’▇ at such time, or otherwise satisfy the Rating Agency Condition with respect to ▇▇▇▇▇’▇, for Santander Consumer not to have in place a back-up servicing arrangement or to deviate from such published criteria.. 11 Sale and Servicing Agreement (SDART 2023-3)

Back-up Servicing. In the event that Santander Consumer is the Servicer, and (i) the long-term counterparty risk rating by ▇▇▇▇▇’▇ of Banco Santander, S.A. falls below “Baa3” (a “Ratings Trigger Event”) or (ii) Banco Santander, S.A. ceases to directly or indirectly own at least 50% of the voting stock or voting power of Santander Consumer (an “Ownership Trigger Event”), Santander Consumer shall have in place a back-up servicing arrangement consistent with ▇▇▇▇▇’▇ Moody’s published ratings criteria at the time of the Ratings Trigger Event or Ownership Trigger Event, as applicable, within 90 days of such Ratings Trigger Event or Ownership Trigger Event, respectively, unless it shall be acceptable to ▇▇▇▇▇’▇ at such time, or otherwise satisfy the Rating Agency Condition with respect to ▇▇▇▇▇’▇, for Santander Consumer not to have in place a back-up servicing arrangement or to deviate from such published criteria.]