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Title: |
Backup Servicing Agreement |
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Entities: |
CNH Capital Receivables Inc; CNH Global NV; JPMorgan Chase Bank; Bank of America, NA |
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Date: |
2006 |
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Size: |
79KB total |
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Price: |
$49 |
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ID: |
#2531270 |
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BACKUP SERVICING AGREEMENT
among
CNH CAPITAL RECEIVABLES LLC,
as Seller
NEW HOLLAND CREDIT COMPANY, LLC,
as Servicer
CNH EQUIPMENT TRUST 2006-B,
as Issuing Entity
and
SYSTEMS & SERVICES TECHNOLOGIES, INC.
as Backup Servicer
Dated as of September 1, 2006
TABLE OF CONTENTS
(continued)
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Backup Servicer Fees; Payment of Expenses by Backup Servicer |
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EXHIBITS |
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EXHIBIT A |
Sale and Servicing Agreement |
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SCHEDULES |
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SCHEDULE I |
Description of Verification and Confirmation Duties (Backup Servicing) |
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ii
THIS BACKUP SERVICING AGREEMENT, dated as of September 1, 2006, (this Agreement) is made among NEW HOLLAND CREDIT COMPANY, LLC, a Delaware limited liability company (the Servicer), CNH CAPITAL RECEIVABLES LLC, a Delaware limited liability company (the Seller), CNH EQUIPMENT TRUST 2006-B, a Delaware statutory trust (the Issuing Entity), SYSTEMS & SERVICES TECHNOLOGIES, INC., a Delaware corporation (the Backup Servicer or SST).
WITNESSETH:
WHEREAS, the Servicer, the Seller and the Issuing Entity have entered into the Sale and Servicing Agreement dated as of the date hereof (the Sale and Servicing Agreement) a copy of which is attached hereto and made a part hereof as Exhibit A;
WHEREAS, the Issuing Entity and the Servicer desire that the Backup Servicer perform certain backup servicing duties in accordance with the terms and provisions of this Agreement;
WHEREAS, the Issuing Entity desires that the Backup Servicer assume the role of Successor Servicer under the terms of the Sale and Servicing Agreement in the event that the Servicer is terminated thereunder; and
WHEREAS, the Backup Servicer is willing to perform the backup servicing duties specified herein and assume the role of Successor Servicer under the terms of the Sale and Servicing Agreement pursuant to the conditions and for the consideration described herein.
NOW, THEREFORE, in consideration of the mutual agreements herein contained, and of other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows:
SECTION 1.1 Definitions. Unless otherwise specified herein, all terms defined in the Indenture, shall have the same meaning in this Agreement. Whenever capitalized and used in this Agreement, the following words and phrases, unless the context otherwise requires, shall have the following meanings:
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