0000885550-24-000147 Sample Contracts
LOAN AND SECURITY AGREEMENT Dated as of December 20, 2024 Among CREDIT ACCEPTANCE FUNDING LLC 2024-B as the Borrower CREDIT ACCEPTANCE CORPORATION as the Originator, the Servicer and the Custodian THE LENDERS FROM TIME TO TIME PARTY HERETO WELLS FARGO...Loan and Security Agreement • December 23rd, 2024 • Credit Acceptance Corp • Personal credit institutions • New York
WHEREAS, the Borrower was formed for the purpose of taking assignments of, and holding, various assets, including loans to dealers and motor vehicle finance contracts, amounts received on or in respect of such finance contracts and proceeds of the foregoing;
BACKUP SERVICING AGREEMENTBackup Servicing Agreement • December 23rd, 2024 • Credit Acceptance Corp • Personal credit institutions • New York
This BACKUP SERVICING AGREEMENT (this “Agreement”), dated as of December 20, 2024, among COMPUTERSHARE TRUST COMPANY, N.A., a national banking association, through its Computershare Corporate Trust division (“Computershare” or the “Backup Servicer” and, in its capacity as collateral agent, the “Collateral Agent”), CREDIT ACCEPTANCE CORPORATION, a Michigan corporation (“Credit Acceptance” or the “Servicer”), WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as deal agent (in its capacity as deal agent, the “Deal Agent”), and CREDIT ACCEPTANCE FUNDING LLC 2024-B a Delaware limited liability company (the “Borrower”).
SALE AND CONTRIBUTION AGREEMENTSale and Contribution Agreement • December 23rd, 2024 • Credit Acceptance Corp • Personal credit institutions • New York
This SALE AND CONTRIBUTION AGREEMENT, dated as of December 20, 2024 (the “Agreement”), is made between CREDIT ACCEPTANCE CORPORATION, a Michigan corporation (“CAC”), and CREDIT ACCEPTANCE FUNDING LLC 2024-B, a Delaware limited liability company (“Funding”).
AMENDED AND RESTATED INTERCREDITOR AGREEMENTIntercreditor Agreement • December 23rd, 2024 • Credit Acceptance Corp • Personal credit institutions • New York
This Amended and Restated Intercreditor Agreement (this “Agreement”), dated December 20, 2024, is among Credit Acceptance Corporation (“CAC”), CAC Warehouse Funding LLC II (“Warehouse Funding II”), CAC Warehouse Funding LLC IV (“Warehouse Funding IV”), CAC Warehouse Funding LLC V (“Warehouse Funding V”), CAC Warehouse Funding LLC VI (“Warehouse Funding VI”), CAC Warehouse Funding LLC VIII (“Warehouse Funding VIII”), Credit Acceptance Funding LLC 2024-B (“Funding 2024-B”), Credit Acceptance Funding LLC 2024-3 (“Funding 2024-3”), Credit Acceptance Funding LLC 2024-2 (“Funding 2024-2”), Credit Acceptance Funding LLC 2024-1 (“Funding 2024-1”), Credit Acceptance Funding LLC 2024-A (“Funding 2024-A”), Credit Acceptance Funding LLC 2023-5 (“Funding 2023-5”), Credit Acceptance Funding LLC 2023-A (“Funding 2023-A”), Credit Acceptance Funding LLC 2023-3 (“Funding 2023-3”), Credit Acceptance Funding LLC 2023-2 (“Funding 2023-2”), Credit Acceptance Funding LLC 2023-1 (“Funding 2023-1”), Credit Acc