EX-10.10



 Exhibit 10.10 

EXECUTION VERSION 
  

 
 INDENTURE 

between 
 CCG RECEIVABLES TRUST
2013-1, 
 as Issuer 
 and 

U.S. BANK NATIONAL ASSOCIATION, 

as Indenture Trustee 
 Dated as of
April 24, 2013 
  
  







 TABLE OF CONTENTS 
  

							
	ARTICLE I USAGE AND DEFINITIONS		 	2	  
	 Section 1.1.
		 Certain Defined Terms
		 	2	  
		
	ARTICLE II COLLATERAL		 	22	  
	 Section 2.1.
		 Continuing Security Interest
		 	22	  
	 Section 2.2.
		 Priority of Security Interest
		 	22	  
	 Section 2.3.
		 Protection of Security Interest of the Indenture Trustee
		 	22	  
	 Section 2.4.
		 Release of Collateral
		 	23	  
	 Section 2.5.
		 Effect of Release
		 	23	  
		
	ARTICLE III NOTES		 	23	  
	 Section 3.1.
		 Form
		 	23	  
	 Section 3.2.
		 Execution, Authentication and Delivery
		 	24	  
	 Section 3.3.
		 Book Entry Notes
		 	25	  
	 Section 3.4.
		 Definitive Notes
		 	25	  
	 Section 3.5.
		 Tax Treatment
		 	26	  
	 Section 3.6.
		 Registration; Registration of Transfer and Exchange
		 	26	  
	 Section 3.7.
		 Mutilated, Destroyed, Lost or Stolen Notes
		 	29	  
	 Section 3.8.
		 Persons Deemed Owners
		 	30	  
	 Section 3.9.
		 Payment of Principal and Interest
		 	30	  
	 Section 3.10.
		 Cancellation
		 	31	  
	 Section 3.11.
		 Authenticating Agents
		 	31	  
	 Section 3.12.
		 Note Paying Agents
		 	32	  
	 Section 3.13.
		 Optional Redemption of the Notes
		 	32	  
		
	ARTICLE IV DISTRIBUTIONS		 	33	  
	 Section 4.1.
		 Application of Collections
		 	33	  
	 Section 4.2.
		 Collection Account, Collections
		 	33	  
	 Section 4.3.
		 Reserve Account
		 	33	  
	 Section 4.4.
		 Lock-Box Accounts
		 	34	  
	 Section 4.5.
		 Priority of Distribution
		 	34	  
		
	ARTICLE V REPRESENTATIONS AND WARRANTIES OF THE ISSUER		 	37	  
	 Section 5.1.
		 Representations by the Issuer
		 	37	  
		
	ARTICLE VI COVENANTS		 	43	  
	 Section 6.1.
		 Affirmative Covenants of the Issuer
		 	43	  
	 Section 6.2.
		 Negative Covenants of the Issuer
		 	48	  
		
	ARTICLE VII EVENT OF DEFAULT		 	49	  
	 Section 7.1.
		 Event of Default
		 	49	  
	 Section 7.2.
		 Acceleration Following Event of Default
		 	50	  
	 Section 7.3.
		 Collection of Indebtedness by the Indenture Trustee
		 	51	  
	 Section 7.4.
		 Trustee May File Proofs of Claim
		 	51	  
	 Section 7.5.
		 Trustee May Enforce Claims Without Possession of Notes
		 	52	  
	 Section 7.6.
		 Remedies; Priorities
		 	53	  


  
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	 Section 7.7.
		 Optional Preservation of the Collateral
		 	53	  
	 Section 7.8.
		 Limitation of Suits
		 	54	  
	 Section 7.9.
		 Unconditional Rights of Noteholders to Receive Principal and Interest
		 	54	  
	 Section 7.10.
		 Restoration of Rights and Remedies
		 	54	  
	 Section 7.11.
		 Rights and Remedies Cumulative
		 	55	  
	 Section 7.12.
		 Delay or Omission Not a Waiver
		 	55	  
	 Section 7.13.
		 Control by Noteholders
		 	55	  
	 Section 7.14.
		 Waiver of Defaults and Events of Default
		 	55	  
	 Section 7.15.
		 Undertaking for Costs
		 	56	  
	 Section 7.16.
		 Waiver of Stay or Extension Laws
		 	56	  
	 Section 7.17.
		 Performance and Enforcement of Certain Obligations
		 	56	  
	 Section 7.18.
		 Power of Attorney
		 	56	  
		
	ARTICLE VIII THE INDENTURE TRUSTEE		 	57	  
	 Section 8.1.
		 Duties of Indenture Trustee
		 	57	  
	 Section 8.2.
		 Rights of Indenture Trustee
		 	58	  
	 Section 8.3.
		 Individual Rights of Indenture Trustee
		 	59	  
	 Section 8.4.
		 Indenture Trustee’s Disclaimer
		 	59	  
	 Section 8.5.
		 Notice of Defaults
		 	59	  
	 Section 8.6.
		 Reports by Indenture Trustee
		 	60	  
	 Section 8.7.
		 Compensation and Indemnity
		 	60	  
	 Section 8.8.
		 Replacement of Indenture Trustee
		 	62	  
	 Section 8.9.
		 Successor Indenture Trustee by Merger
		 	63	  
	 Section 8.10.
		 Appointment of Separate Indenture Trustee or Co-Indenture Trustee
		 	63	  
	 Section 8.11.
		 Eligibility; Disqualification
		 	64	  
	 Section 8.12.
		 Audits of the Indenture Trustee
		 	65	  
	 Section 8.13.
		 Representations and Warranties of the Indenture Trustee
		 	66	  
	 Section 8.14.
		 Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties
		 	67	  
	 Section 8.15.
		 Indenture Trustee May Own Notes
		 	68	  
		
	ARTICLE IX SUPPLEMENTAL INDENTURES		 	68	  
	 Section 9.1.
		 Supplemental Indentures Without Consent of Noteholders
		 	68	  
	 Section 9.2.
		 Supplemental Indentures with Consent of Noteholders
		 	68	  
	 Section 9.3.
		 Execution of Supplemental Indentures
		 	69	  
	 Section 9.4.
		 Effect of Supplemental Indenture
		 	70	  
	 Section 9.5.
		 Reference in Notes to Supplemental Indentures
		 	70	  
	 Section 9.6.
		 Indenture Trustee to Consent
		 	70	  
		
	ARTICLE X SATISFACTION AND DISCHARGE		 	70	  
	 Section 10.1.
		 Satisfaction and Discharge of Indenture
		 	70	  
		
	ARTICLE XI MISCELLANEOUS		 	71	  
	 Section 11.1.
		 Notices
		 	71	  
	 Section 11.2.
		 Governing Law; Submission to Jurisdiction
		 	71	  
	 Section 11.3.
		 Integration
		 	72	  
	 Section 11.4.
		 Severability of Provisions
		 	72	  


  
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	 Section 11.5.
		 Counterparts; Facsimile Delivery
		 	72	  
	 Section 11.6.
		 Headings
		 	72	  
	 Section 11.7.
		 Issuer Obligation
		 	72	  
	 Section 11.8.
		 Subordination of Claims against the Depositor
		 	73	  
	 Section 11.9.
		 Non-Petition
		 	74	  

  

							
	Schedule I		Schedule of Pool Receivables		 	SI-1	  
	Schedule II		Notice Addresses		 	SII-1	  
	Schedule III		Bank Accounts		 	SIII-1	  
	Schedule IV		List of Equipment Types		 	SIV-1	  
			
	Exhibit A		Form of Class A/B Note		 	EA-1	  


  
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 INDENTURE, dated as of April 24, 2013 (this “Indenture”), between CCG
RECEIVABLES TRUST 2013-1, a Delaware statutory trust, as Issuer (the “Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee (the “Indenture Trustee”) for the benefit of
the Noteholders. 
 Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the
Noteholders. 
 The Issuer Grants to the Indenture Trustee at the Closing Date, as Indenture Trustee for the benefit of the Noteholders, all
of the Issuer’s right, title and interest in, to and under, whether now owned or hereafter acquired, the Collateral. The foregoing Grant is made in trust to secure (a) the payment of principal of, interest on and any other amounts owing in
respect of the Notes as provided in this Indenture and (b) compliance by the Issuer with the provisions of this Indenture for the benefit of the Noteholders. 

The Indenture Trustee acknowledges such Grants, accepts the trusts under this Indenture in accordance with this Indenture and agrees to
perform the duties required in this Indenture so that the interests of the Noteholders may be adequately and effectively protected. 

ARTICLE I 
 USAGE AND DEFINITIONS

 Section 1.1. Certain Defined Terms. Capitalized terms used but not defined in this Indenture are defined in the Sale and
Servicing Agreement. As used in this Indenture, the following terms shall have the following meanings: 
 “Affiliate”
means, as to any Person, any other Person which, directly or indirectly, owns, is in control of, is controlled by, or is under common control with, such Person, in each case whether beneficially, or as a trustee, guardian or other fiduciary. A
Person shall be deemed to control another Person if the controlling Person possesses, directly or indirectly, the power to direct or cause the direction of the management and policies of the other Person, whether through the ownership of voting
securities or membership interests, by contract, or otherwise. 
 “Applicable Law” means for any Person or property of such
Person, all applicable Laws, rules, regulations (including temporary and final income tax regulations), statutes, treaties, codes, ordinances, permits, certificates, orders and licenses of and interpretations by any Official Body (including, without
limitation, usury laws, Laws relating to truth in lending, fair credit billing, fair credit reporting, equal credit opportunity, fair debt collection practices and privacy, the Federal Truth in Lending Act, and Regulation Z and Regulation B of the
Board of Governors of the Federal Reserve System), and applicable judgments, decrees, injunctions, writs, awards, orders, or action of any court, arbitrator or other administrative, judicial, or quasi-judicial tribunal or agency of competent
jurisdiction. 
 “Authenticating Agent” has the meaning set forth in Section 3.11(a). 

“Available Amount” means, without duplication, 
  

	 	(a)	the aggregate Collections on the Pool Receivables received during the related Collection Period, including, without duplication, proceeds of Liquidated Receivables obtained through the sale or other disposition of the
related Equipment or from any other means in accordance with the related Contract, net of expenses incurred by the Servicer in connection with such liquidation and any amount required by law to be remitted to the related Obligor; 









	 	(b)	amounts transferred to the Collection Account on the related Payment Date from the Reserve Account in accordance with Section 4.3 hereto and the Sale and Servicing Agreement; 


 

	 	(c)	the aggregate purchase prices for any Pool Receivables repurchased by the Originator, the Depositor or the Servicer; 

  

	 	(d)	earnings on investment of funds held in the Collection Account and the Reserve Account; and 

  

	 	(e)	any Servicer Advances deposited into the Collection Account during the related Collection Period. 


“Back-Up Servicer” means Portfolio Financial Servicing Company, a Delaware corporation, and its successors and permitted
assigns. 
 “Back-Up Servicing Fee” means an amount equal to $24,000 per annum, payable in equal monthly installments. 

“Bankruptcy Code” means the Bankruptcy Reform Act of 1978, 11 U.S.C. §§ 101 et seq., as amended. 

“Book-Entry Note” means a beneficial interest in any of the Notes issued in book-entry form as described in Section 3.3.

 “Business Day” means any day excluding Saturday, Sunday and any day on which banks in New York, New York, Houston,
Texas, Charlotte, North Carolina, Chicago, Illinois, Wilmington, Delaware, St. Paul, Minnesota or Atlanta, Georgia are authorized or required by Law to close. 

“Casualty Payment” means, with respect to any Equipment, any payment pursuant to a Contract on account of the loss, theft,
condemnation, governmental taking, destruction, or damage beyond repair of any item of Equipment subject thereto. 
 “CCG”
means Commercial Credit Group Inc., a Delaware corporation, and its successors and assigns. 
 “Certificate Register” and
“Certificate Registrar” have the meaning assigned to such terms in the Trust Agreement. 

“Certificateholder” has the meaning assigned to such term in the Trust Agreement. 

  
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 “Class” means any of the group of Notes identified herein as, as applicable, the
Class A-1 Notes, the Class A-2 Notes or the Class B Notes. 
 “Class A Notes” means, collectively, the
Class A-1 Notes and the Class A-2 Notes. 
 “Class A Note Balance” means, as of any determination date, the sum
of the Class A-1 Note Balance and the Class A-2 Note Balance. 
 “Class A-1 Maturity Date” means April 14,
2014. 
 “Class A-1 Note Balance” means, as of any determination date, the amount Outstanding under the Class A-1
Notes, determined as of the Payment Date in the immediately preceding month. 
 “Class A-1 Note Rate” means 0.37000% and
shall be calculated on the basis of the actual number of days in the applicable Interest Period and a 360-day year. 
 “Class A-1
Noteholder” means the Person in whose name a Class A-1 Note is registered in the Note Register. 
 “Class A-1
Notes” means the $55,100,000 asset-backed Class A-1 Notes secured by the Collateral, substantially in the form attached as Exhibit A hereto. 

“Class A-2 Maturity Date” means August 14, 2020. 

“Class A-2 Note Balance” means, as of any determination date, the amount Outstanding under the Class A-2 Notes
determined as of the Payment Date in the immediately preceding month. 
 “Class A-2 Note Rate” means 1.05% and shall be
calculated on the basis of a 30-day month and a 360-day year. 
 “Class A-2 Noteholder” means the Person in whose name a
Class A-2 Note is registered in the Note Register. 
 “Class A-2 Notes” means the $124,290,000 asset-backed
Class A-2 Notes secured by the Collateral, substantially in the form attached as Exhibit A hereto. 
 “Class B Maturity
Date” means August 14, 2020. 
 “Class B Note Balance” means, as of any determination date, the amount
Outstanding under the Class B Notes determined as of the Payment Date in the immediately preceding month. 
 “Class B Note
Rate” means 2.09% and shall be calculated on the basis of a 30-day month and a 360-day year. 
 “Class B
Noteholder” means the Person in whose name a Class B Note is registered in the Note Register. 

  
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 “Class B Notes” means the $15,080,000 asset-backed Class B Notes secured by the
Collateral, substantially in the form attached as Exhibit A hereto. 
 “Clearing Agency” means an organization registered
as a “clearing agency” pursuant to Section 17A of the Exchange Act. 
 “Closing Date” means April 24,
2013. 
 “Controlling Class” means, so long as the Class A Notes remain Outstanding, the Class A Notes and after
the Class A Notes have been paid in full and for so long as the Class B Notes remain Outstanding, the Class B Notes. 

“Collateral” means (a) the Pool Receivables and Related Security, (b) the Collections, (c) any security
interest in the Equipment, (d) the rights to proceeds from casualty insurance policies covering the Equipment, (e) all amounts on deposit in the Reserve Account and Collection Account, (f) the Depositor’s rights under the
Purchase Agreement, (g) the Issuer’s rights under the Sale and Servicing Agreement, (h) all present and future claims, demands, causes of actions in respect of the foregoing and (i) all proceeds of the foregoing. 

“Collection Account” means the segregated trust account or accounts, including any sub-accounts, established and maintained
pursuant to Section 4.1(a) of the Sale and Servicing Agreement. 
 “Collection Period” means, with respect to any
Payment Date or Determination Date, the period from and including the first day of the calendar month preceding the month in which such Payment Date or Determination Date, as applicable, occurs to and including the close of business on the last day
of such calendar month. 
 “Collections” means, with respect to any Pool Receivable, all funds that (a) are received
by the Issuer or Servicer from or on behalf of the related Obligor after the Cut-Off Date in payment of any amount owed (including purchase price, rentals, principal payments, interest and other charges) in respect of such Pool Receivable, or
applied to such other charges in respect of such Pool Receivable in accordance with the Contract from which such Pool Receivable arises, or applied to such amounts owed by such Obligor (including Casualty Payments, Insurance Proceeds and Liquidation
Proceeds), (b) are required to be paid to the Issuer by the Depositor, the Originator or the Servicer pursuant to any provision of any Transaction Document or (c) are proceeds of any sale, transfer or other disposition of such Pool
Receivable by the Issuer or the Servicer on behalf of the Issuer; provided, that Collections shall not include any Excluded Amounts. 

“Contract” means, in relation to any Pool Receivable, any and all of the contracts, instruments, agreements, leases, notes,
or other writings pursuant to which such Pool Receivable arises or which evidence such Pool Receivable or under which an Obligor becomes or is obligated to make payment in respect of such Pool Receivable. 

  
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 “Contract Residual Value” means, with respect to any Contract that is a lease in
form, the dollar amount so designated as such by the Servicer as of the origination date of the Contract. 
 “Contract
Yield” means, for any Contract and any date of determination, the calculated yield of such Contract based on the Net Book Value as of such date and the remaining Scheduled Payments. 

“Corporate Trust Office” means, with respect to the Indenture Trustee 60 Livingston Avenue, EP-MN-WS3D, St. Paul, MN, 55107,
or at such other address as the Indenture Trustee may designate by notice to the Owner Trustee, the Noteholders and the Servicer. 

“Credit and Collection Policy” means, for so long as CCG is the Servicer, the Originator’s credit and collection policy
or policies and customary servicing practices relating to the Contracts and Receivables as in effect on the Closing Date and set forth in Exhibit B of the Sale and Servicing Agreement, as modified, from time to time, in compliance with
Section 6.2(a)(v) of the Sale and Servicing Agreement. Any Successor Servicer hereunder may, to the extent agreed to by the Indenture Trustee (at the written direction of the Majority Holders), use credit and collection policies and practices
other than those attached as Exhibit B to the Sale and Servicing Agreement. 
 “Cumulative Net Loss Ratio” means, with
respect to a Determination Date, the ratio, expressed as a percentage, of (a) the aggregate cumulative amount of Realized Losses on the Pool Receivables since the Cut-Off Date through the last day of the related Collection Period, to
(b) the Original Pool Balance. 
 “Custodial Agreement” means that certain Custodial Agreement dated as of
April 24, 2013, among the Issuer, the Indenture Trustee and the Custodian, as the same may be amended or restated from time to time, and any Custodial Agreements entered into in replacement for such Custodial Agreement. 

“Custodian” means Portfolio Financial Servicing Company, a Delaware corporation, and its successors and assigns. 

“Custodian Fee” means the amount set forth in Schedule 6 of the Custodial Agreement. “Custodian File” has the
meaning set forth in the Custodial Agreement. 
 “Cut-Off Date” means close of business on March 31, 2013, and, with
respect to any Substituted Receivable, close of business on the last day of the month immediately preceding the related Substitution Date. 

“DBRS” means DBRS, Inc. or any successor that is a nationally recognized statistical rating organization. 

“Default” means any occurrence that with notice or the lapse of time or both would become an Event of Default. 

  
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 “Defaulted Receivable” means a Pool Receivable (a) as to which any payment,
or part thereof, remains unpaid for 121 days or more from its original scheduled due date; (b) as to which an Event of Bankruptcy has occurred and is continuing with respect to the Obligor thereof; (c) that has been identified by the
Servicer (in accordance with the Credit and Collection Policy) as uncollectible; or (d) that is written off, in whole or in part, as uncollectible by the Servicer pursuant to the Credit and Collection Policy; provided, however,
that any Pool Receivable that becomes a Defaulted Receivable solely under clause (a) above shall cease to be considered a Defaulted Receivable if all installments then due and owing on the Pool Receivable are paid in full and, after the payment
of such amounts, the Pool Receivable satisfies all of the eligibility criteria set forth in the definition of Eligible Receivable. 

“Definitive Notes” has the meaning set forth in Section 3.3. 

“Depositor” means CCG Receivables IV, LLC, a Delaware limited liability company, and its successors and assigns. 

“Determination Date” means the close of business on the second Business Day prior to each Payment Date. 

“Eligible Investments” means book-entry securities, negotiable instruments or securities represented by instruments in bearer
or registered form that evidence: 
  

	 	(a)	obligations of, or guaranteed as to the full and timely payment of principal and interest by, the United States or obligations of any agency or instrumentality thereof, when such obligations are backed by the full faith
and credit of the United States; 

  

	 	(b)	repurchase agreements on obligations specified in clause (a); provided, that the short-term debt obligations of the party agreeing to repurchase are rated in the highest rating category by each Rating Agency.


  

	 	(c)	federal funds, certificates of deposit, demand deposits, time deposits and bankers’ acceptances (which shall each have an original maturity of not more than 90 days or, in the case of bankers’ acceptances,
shall in no event have an original maturity of more than 365 days) of any United States depository institution or trust company incorporated under the laws of the United States or any State thereof or of any United States branch or agency of a
foreign commercial bank; provided, that the short-term debt obligations of such depository institution or trust company are rated in the highest rating category by each Rating Agency; 


 

	 	(d)	commercial paper (having original maturities of not more than 30 days) which on the date of acquisition are rated in the highest rating category by each Rating Agency; 


 

	 	(e)	securities of money market funds rated “AAA(m)” by S&P (if S&P is a Rating Agency) and in the highest rating category by each other Rating Agency; and 


 

	 	(f)	any other investment for which the Issuer has received Rating Agency Confirmation. 


  
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 “Eligible Receivable” means, as of the Closing Date or a Substitution Date, as
applicable, a Pool Receivable: 
  

	 	(a)	which was originated by the Originator in the ordinary course of its business and with respect to which all material obligations of the Originator have been performed on or prior to the date on which the related Pool
Receivable was sold or contributed to the Issuer in accordance with the Sale and Servicing Agreement and pledged to the Indenture Trustee hereunder; 

  

	 	(b)	which has, under the related Contract, not more than 84 remaining Scheduled Payments; 

  

	 	(c)	which was originated by the Originator in accordance with the Credit and Collection Policy; 

  

	 	(d)	which is secured by a perfected first priority security interest (as such term is defined in Section 1-201(37) of the UCC) in the Equipment (other than Equipment with an aggregate invoiced cost of $25,000 or less)
which was financed with the extension of credit described in such Contract and the proceeds thereof and with respect to which all of the Originator’s right, title and interest in any related Equipment has been sold or contributed to the
Depositor pursuant to the Purchase Agreement; 

  

	 	(e)	which was selected by the Originator for sale to the Issuer and which was not subject to any adverse selection unfavorable to the Indenture Trustee or the Noteholders; 


 

	 	(f)	which has been sold or contributed to the Issuer in accordance with the Sale and Servicing Agreement, which does not arise from the sale or lease of any inventory or Equipment subject to any Lien (other than Permitted
Liens), and to which the Issuer has good and marketable title, free and clear of all Liens (other than Permitted Liens); 

  

	 	(g)	the Obligor of which: (i) is a United States resident, (ii) is not an Affiliate or employee of the Originator, the Depositor or the Issuer, and (iii) is not an Official Body; 


 

	 	(h)	the Obligor of which has been directed in writing to make all payments to the Lock-Box Account; 

  

	 	(i)	which, under the related Contract and Applicable Law, is assignable without the consent of, or notice to, the Obligor thereunder unless such consent has been obtained in writing and is in effect or such notice has been
given; 


  
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	 	(j)	with respect to which the related Contract is in full force and effect and constitutes the legal, valid and binding obligation of the related Obligor enforceable against such Obligor in accordance with its terms,
subject to the effect of bankruptcy, insolvency, reorganization, preference, fraudulent transfer, moratorium or other similar Laws relating to or affecting the rights and remedies of creditors or the effect of general principles of equity, whether
considered in a proceeding in equity or at law (including the possible unavailability of specific performance or injunctive relief), and is not subject to any right of rescission, setoff, counterclaim or defense (including the defense of usury) or
to any repurchase obligation or return right; 

  

	 	(k)	which is denominated and payable only in U.S. dollars, and which relates to an Obligor residing in the United States and Equipment located and remaining in the United States; 


 

	 	(l)	which is not a Defaulted Receivable; 

  

	 	(m)	which, as of the Cut-Off Date, is not more than 61 days past due; 

  

	 	(n)	which does not contravene in any respect any Applicable Laws (including Laws relating to truth in lending, fair credit billing, fair credit reporting, equal credit opportunity, fair debt collection practices and
privacy) and with respect to which no part of the Pool Receivable related thereto is in violation of any Applicable Law in any material respect; 

  

	 	(o)	the assignment of which under the Purchase Agreement by the Originator to the Depositor and under the Sale and Servicing Agreement by the Depositor to the Issuer and the grant of a security interest therein and in the
other Collateral by the Issuer to the Indenture Trustee on behalf of the Noteholders hereunder does not violate, conflict or contravene any Applicable Law or any contractual or other restriction, limitation or encumbrance; 


 

	 	(p)	with respect to which the sale, transfer, assignment and conveyance contemplated by the Purchase Agreement and the Sale and Servicing Agreement is not subject to and will not result in any tax, fee or governmental
charge payable by the Originator, the Depositor or the Issuer to any Official Body other than transfer taxes which have been or will be paid by the Originator as due; 


 

	 	(q)	payments of which are payable in consecutive monthly Scheduled Payments (before giving effect to Permitted Servicer Adjustments), other than pursuant to Permitted Skips; 


 

	 	(r)	which, with respect to a Contract that is a lease in form, has an original term equal to or greater than the remaining economic life of the related Equipment and is non-cancellable other than for payment in full of the
principal amount then due plus any other charges or prepayment penalties applicable thereto, and with respect to any other Contract, is not pre-payable unless the terms of such Pool Receivable require all remaining principal plus prepayment penalty
be paid in full at the time of such pre-payment; 


  
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	 	(s)	the Scheduled Payments for which were calculated using a fixed Contract Yield; 

  

	 	(t)	a fully executed original Contract of which (including any related promissory notes and any Contracts or promissory notes issued in connection with any assumption, consolidation, extension, modification or waiver of
such Contract) has been delivered to the Custodian; 

  

	 	(u)	for which the related Contract is “chattel paper”, an “account,” an “instrument” or a “general intangible” within the meaning of Article 9 of the UCC of all applicable
jurisdictions; 

  

	 	(v)	for which CCG has not received prepayment in full from the Obligor on the related Contract; 

  

	 	(w)	which is of a “triple net” type, in which the Obligor is solely responsible for the payment of maintenance costs, insurance costs and any applicable taxes relating to the ownership and/or use of the related
Equipment; and 

  

	 	(x)	with respect to which either (i) the related Obligor has made a payment or (ii) the Originator has received a delivery and acceptance or a proceeds payment letter related to such Pool Receivable.


 “Equipment” means any equipment or other tangible personal property financed or leased by an Obligor
pursuant to a Contract, of a type specified in Schedule IV hereto. If the Equipment is a vehicle, the Originator’s Lien in such Equipment is noted on the applicable title certificate or application for title. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

“ERISA Affiliate” means, with respect to any Person, any corporation, limited liability company, partnership, trust, sole
proprietorship or trade or business which, together with such Person, is treated as a single employer under Section 414(b) or (c) of the Internal Revenue Code or, with respect to any liability for contributions under Section 302(c) of
ERISA or Section 414(m) of the Internal Revenue Code. 
 “Estimated Recovery Value” means, for any Defaulted
Receivable, the estimated realizable value of the Equipment related to such Defaulted Receivable, as determined by the Servicer in accordance with its then-written servicing procedures. 

“Event of Default” has the meaning set forth in Section 7.1. 

“Event of Bankruptcy” means, with respect to any Person, (a) that such Person (i) shall admit in writing its
inability to pay its debts generally or (ii) shall make a general assignment for the benefit of creditors; (b) any proceeding shall be instituted by or against such Person seeking to adjudicate it as bankrupt or insolvent, or seeking
liquidation, winding up, reorganization, 

  
 10 








 
arrangement, adjustment, protection, relief or composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an
order for relief or the appointment of a receiver, trustee or other similar official for it or any substantial part of its property and, in the case of any such proceeding instituted against such Person, such proceeding has continued undismissed or
unstayed for at least sixty (60) days since its commencement; or (c) that such Person shall take any corporate, limited liability company, partnership or other similar appropriate action to authorize any of the actions set forth in the
preceding clauses (a) or (b). 
 “Exceptions Report” has the meaning set forth in the Custodial Agreement. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Excluded Amounts” means, with respect to a Pool Receivable, (a) any payments received from the related Obligor in
connection with any application fees, tax processing fees, wire transfer fees, express mail fees, filing fees, delivery fees, document preparation fees, insurance premiums, taxes, or other charges imposed by any Official Body, (b) any indemnity
payments made by the related Obligor for the benefit of the obligee under the related Contract, (c) any non-rental charges reimbursable to the Servicer in accordance with the Servicer’s customary policies and procedures, and
(d) Servicer Charges. 
 “Fiscal Year” shall mean, with respect to the Issuer and the Servicer, the twelve consecutive
months ending on March 31. 
 “Fitch” means Fitch, Inc., or any successor that is a nationally recognized statistical
rating organization. 
 “GAAP” means generally accepted accounting principles set forth in the opinions and pronouncements
of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the U.S. Financial Accounting Standards Board or in such other statements by such accounting profession, in effect from
time to time. 
 “Grant” means to mortgage, pledge, assign and to grant a Lien upon and a security interest in the relevant
property. 
 “Indebtedness” means, without duplication, with respect to any Person such Person’s (a) obligations
for borrowed money, (b) obligations representing the deferred purchase price of property other than accounts payable arising in the ordinary course of such Person’s business on terms customary in the trade, (c) obligations, whether or
not assumed, secured by Liens or payable out of the proceeds or products of property now or hereafter owned or acquired by such Person, (d) obligations under each lease of property, real or personal, the obligations of the lessee in respect of
which are required in accordance with GAAP to be capitalized on a balance sheet of the lessee, (e) obligations which are evidenced by notes, acceptances (including bankers acceptances), or other instruments, (f) obligations for which such
Person is obligated pursuant to a guaranty, and (g) reimbursement obligations with respect to any letters of credit. 

“Indenture Trustee” has the meaning set forth in the preamble. 

  
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 “Indenture Trustee Fee” means an amount equal to $7,500 per annum. 

“Indemnified Person” has the meaning set forth in Section 8.7(b). 

“Independent” means that the relevant Person (a) is independent of the Issuer, the Depositor and their Affiliates,
(b) does not have any direct financial interest or any material indirect financial interest in the Issuer, the Depositor or their Affiliates, and (c) is not an officer, employee, promoter, underwriter, trustee, partner, director or person
performing similar functions of or for the Issuer, the Depositor or their Affiliates. 
 “Initial Note Purchasers” means
J.P. Morgan Securities LLC, SunTrust Robinson Humphrey, Inc. and BMO Capital Markets GKST Inc. in their respective capacities as such under the Note Purchase Agreement. 

“Initial Overcollateralization Amount” means $6,530,070.66. 

“Insurance Policy” means, with respect to any Receivable, any insurance policy covering physical damage to or loss of the
related Equipment, but solely to the extent such insurance policy relates to such Equipment. 
 “Insurance Proceeds” means
any amount payable, or any payments made, to the Originator, the Servicer, the Depositor or the Issuer under an Insurance Policy in connection with any Equipment the financing of which gave rise to a Pool Receivable. 

“Intercreditor Agreement” means, the Amended and Restated Acknowledgment and Intercreditor Agreement, dated as of
February 15, 2013, by and among CCG, SunTrust Robinson Humphrey, Inc., BMO Capital Markets Corp. and Wells Fargo Capital Finance, LLC. 

“Intercreditor Master Agent” means Wells Fargo Capital Finance, LLC, as “Master Agent” under the
Intercreditor Agreement and any successor “Master Agent” appointed pursuant to the terms thereof. 
 “Internal Revenue
Code” means the Internal Revenue Code of 1986, as amended. 
 “Interest Period” means (a) in the case of the
Class A-1 Notes, the period from and including the preceding Payment Date (or, in the case of the first Payment Date, from and including the Closing Date) to but excluding the following Payment Date; or (b) in the case of the
Class A-2 Notes and the Class B Notes, the period from and including the fourteenth day of each calendar month (or, in the case of the first Payment Date, from and including the Closing Date) to but excluding the fourteenth day of the
succeeding calendar month calculated on the basis of 30-day months. 
 “Issuer” has the meaning set forth in the preamble.

 “Issuer Order” or “Issuer Request” mean, in connection with any order or request by the Issuer to the
Indenture Trustee to take any action under this Indenture (a) a written order or a written request, respectively, signed in the name of the Issuer by any one of its Responsible Officers and delivered to the Indenture Trustee, (b) an
Officer’s Certificate stating that all 

  
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conditions precedent provided for in this Indenture relating to the proposed action have been complied with, and (c) to the extent required upon request of the Indenture Trustee, an Opinion
of Counsel to the effect that in the opinion of such counsel all such conditions precedent have been complied with. However, in the case of any such application or request as to which the furnishing of such documents is specifically required by this
Indenture, no additional certificate or opinion need be furnished. 
 “Law” means any law (including common law),
constitution, statute, treaty, regulation, rule, ordinance, order, injunction, writ, decree, judgment or award of any Official Body. 

“Lien” means a security interest, lien, charge, pledge or encumbrance or other right or claim in, of or on any Person’s
assets or properties in favor of any other Person (including any UCC financing statement or any similar instrument filed against such Person’s assets or properties). 

“Liquidated Receivable” means a Defaulted Receivable in respect of which all financed or leased Equipment has been sold or
otherwise disposed of, or in respect of which the related Obligor has otherwise satisfied all its obligations under the related Contract. 

“Liquidation Expenses” means, with respect to any Pool Receivable, the aggregate amount of all out of pocket expenses
(including, without limitation, reasonable attorney fees and disbursements) reasonably incurred by the Servicer (including amounts paid to any subservicer) in accordance with the Servicer’s customary procedures in connection with the
repossession, refurbishing and disposition of any related Equipment upon or after the expiration or early termination of such Pool Receivable or after such Pool Receivable has become a Defaulted Receivable and other out of pocket costs related to
the liquidation of any such Equipment, including the attempted collection of any amount owing pursuant to such Pool Receivable if it is a Defaulted Receivable. 

“Liquidation Proceeds” means, with respect to any Liquidated Receivable, the amounts collected in respect thereof from
whatever source (including Insurance Proceeds, and any post-default payments made by the Obligor) at the time of liquidation of the underlying equipment or other security related thereto or at any time thereafter, net of Liquidation Expenses and any
amounts to be remitted to the Obligor on such Liquidated Receivable or any creditor of such Obligor to the extent required by applicable law or agreement. 

“Lock-Box Account” means the account maintained by the Servicer at the Lock-Box Bank for the purposes of receiving
Collections. 
 “Lock-Box Agreement” means the Lock-Box Operating Procedural Agreement dated as of February 28, 2007
among Wachovia Bank, National Association, Wells Fargo Foothill, LLC and Commercial Credit Group Inc. 
 “Lock-Box Bank”
means the bank set forth in Schedule III, as such Schedule III may be modified pursuant to Section 5.1(o). 
 “Lock-Box
Intercreditor Agreement” means that certain Third Amended and Restated Lockbox Control and Intercreditor Agreement, dated as of March 31, 2010, by and among CCG, 

  
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Wells Fargo Capital Finance, LLC, CCG Receivables, LLC, Wells Fargo Capital Finance, LLC, the Back-Up Servicer, CCG Receivables II, LLC, CCG Receivables III, LLC, SunTrust Robinson Humphrey,
Inc., Citibank, N.A. and each other person that becomes a joined party thereto. 
 “Majority Holders” means, so long as the
Class A Notes remain Outstanding, the applicable Class A Noteholders that together own Class A Notes evidencing in excess of 50% of the Class A Note Balance (voting as a single Class) and after the Class A Notes have been
paid in full and for so long as the Class B Notes remain Outstanding, the applicable Class B Noteholders that together own Class B Notes evidencing in excess of 50% of the Class B Note Balance. 

“Material Adverse Effect” means any event or condition which would have a material adverse effect on (a) the
collectability of the Pool Receivables, (b) the condition (financial or otherwise), businesses or properties of the Issuer, Depositor or Originator, or (c) the ability of the Servicer to collect on the Pool Receivables or perform its other
duties and obligations under the Sale and Servicing Agreement. 
 “Maturity Date” means, as applicable, the Class A-1
Maturity Date, Class A-2 Maturity Date, or Class B Maturity Date. 
 “Moody’s” means Moody’s Investors
Service, Inc., or any successor that is a nationally recognized statistical rating organization. 
 “Net Book Value” means,
with respect to any Receivable and any Determination Date, an amount equal to (a) the gross amount of all Scheduled Payments due or to become due, but unpaid, with respect to the applicable Pool Receivable as of the end of the most recent
Collection Period; plus (b) in case of any Pool Receivable that is a lease in form, 50% of the Contract Residual Value; minus (c) any Unearned Income with respect to such Pool Receivable; minus (d) the amount of
any security deposit related to such Receivable; minus (e) the Write-Down Amount; and minus (f) any Liquidation Proceeds. 

“Note Balance” means, as of any date, the aggregate Outstanding principal amount of all Notes of one Class or of all Classes,
as the case may be, as determined as of the immediately preceding Payment Date. 
 “Note Depository Agreement” means the
agreement, dated as of the Closing Date, between the Issuer and DTC, as the initial Clearing Agency relating to the Notes, as the same may be amended or supplemented from time to time. 

“Note Owner” means, for a Book-Entry Note, the Person who is the beneficial owner of a Book-Entry Note as reflected on the
books of the Clearing Agency or on the books of a Person maintaining an account with such Clearing Agency (as a direct participant or as an indirect participant, in each case in accordance with the rules of such Clearing Agency). 

“Note Paying Agent” means the Indenture Trustee or any other Person that meets the eligibility standards for the Indenture
Trustee specified in Section 8.11 and is authorized by the Issuer to make payments to and distributions from the Collection Account, including payments of principal of or interest on the Notes on behalf of the Issuer. 

  
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 “Note Rate” means, as the context may require, the Class A-1 Note Rate, the
Class A-2 Note Rate and the Class B Note Rate, or any of them. 
 “Note Register” and “Note
Registrar” have the meanings specified in Section 3.6(a). 
 “Note Transfer” has the meaning set forth in
Section 3.6(i). 
 “Noteholder” means the Person in whose name a Note is registered on the Note Registrar. 

“Notes” means, collectively, the Class A-1 Notes, the Class A-2 Notes and the Class B Notes. 

“Obligor” means, as to each Pool Receivable, any Person who owes payments under the terms of the related Contract. 

“Offering Memorandum” means either or both of (i) the Preliminary Offering Memorandum, dated as of April 8, 2013,
and (ii) the Final Offering Memorandum dated as of April 17, 2013. 
 “Officer’s Certificate” means
(a) for the Owner Trustee, Issuer, Depositor, Servicer or Originator, a certificate signed by a Responsible Officer of the Owner Trustee, Issuer, Depositor, Servicer or Originator, as applicable, and (b) for the Indenture Trustee, a
certificate signed by any officer of the Indenture Trustee. 
 “Official Body” means any government or political
subdivision or any agency, authority, bureau, central bank, commission, department or instrumentality of any such government or political subdivision, or any court, tribunal, grand jury or arbitrator, or any accounting board or authority (whether or
not a part of government) which is responsible for the establishment or interpretation of national or international accounting principles, in each case whether foreign or domestic. 

“Opinion of Counsel” means a written opinion of counsel which counsel is reasonably acceptable to the Indenture Trustee, the
Owner Trustee and each Rating Agency, as applicable. 
 “Original Pool Balance” means an amount equal to $201,000,070.66.

 “Originator” means CCG. 

“Other Assets” means any assets or interests in any assets (other than the Collateral) conveyed or purported to be conveyed
by the Depositor to any Person other than the Issuer, whether by way of a sale, capital contribution, the Grant of a Lien or otherwise. 

“Outstanding” means, as of any date, all Notes authenticated and delivered under this Indenture on or before such date except
(a) Notes that have been cancelled by the Note Registrar or delivered to the Note Registrar for cancellation, (b) Notes or portions of Notes to the extent an 

  
 15 








 
amount necessary to pay all or a portion of such Notes has been deposited with the Indenture Trustee or on or before such date; provided, that if such Notes are to be redeemed, notice of
such redemption has been given pursuant to this Indenture or provision for such notice has been made in a manner satisfactory to the Indenture Trustee, and (c) Notes in exchange for or in lieu of which other Notes have been authenticated and
delivered pursuant to this Indenture unless proof satisfactory to the Indenture Trustee is presented that any such Notes are held by a bona fide purchaser; provided, that in determining (i) whether Noteholders evidencing the required
Note Balance have given any request, demand, authorization, direction, notice, consent or waiver under any Transaction Documents, Notes owned by the Issuer, the Depositor, the Servicer or their Affiliates will be deemed not to be Outstanding, and
(ii) whether the Indenture Trustee is protected in relying on any such request, demand, authorization, direction, notice, consent or waiver, only Notes that a Responsible Officer of the Indenture Trustee knows to be so owned will be deemed not
to be Outstanding; provided, however, that notwithstanding the foregoing, Notes owned by the Issuer, the Depositor, the Servicer or their Affiliates will be treated as Outstanding if (i) no other Notes remain Outstanding or
(ii) such Notes have been pledged in good faith and the pledgee establishes to the satisfaction of the Indenture Trustee the pledgee’s right to act with respect to such Notes and that the pledgee is not the Issuer, the Depositor, the
Servicer or their Affiliate. 
 “Owner Trust Estate” has the meaning assigned to such term in the Trust Agreement. 

“Owner Trustee” means Wilmington Trust, National Association, a national banking association, not in its individual capacity
but solely as Owner Trustee under the Trust Agreement. 
 “Owner Trustee Fees” means an amount equal to $4,000 per annum.

 “Payment Date” means the fourteenth day of the calendar month or, if such day is not a Business Day, the next Business
Day, commencing on May 14, 2013. 
 “Perfection Representations” means the representations, warranties and covenants
set forth in Section 5.1(s). 
 “Permitted Liens” means (a) the Lien created hereunder and under any other
Transaction Documents; (b) Liens for taxes not yet delinquent or being contested in good faith by appropriate proceedings for which adequate reserves determined in accordance with GAAP have been established (and as to which the property subject
to such Lien is not yet subject to a material risk of imminent foreclosure, sale or loss on account thereof); (c) only with respect to Equipment, Liens imposed by Law arising in the ordinary course of business such as materialmen’s,
mechanics’, warehousemen’s and other and other similar Liens arising in the ordinary course of business that secure payment of obligations not more than sixty (60) days past due or that are being contested in good faith and as to
which adequate reserves have been provided in accordance with GAAP (and as to which the property subject to such Lien is not yet subject to a material risk of imminent foreclosure, sale or loss on account thereof); and (d) the right of use and
quiet enjoyment of the Obligor as lessee under any Contract in respect of the related Equipment. 

  
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 “Permitted Servicer Adjustments” has the meaning assigned to such term in
Section 3.2(b) of the Sale and Servicing Agreement. 
 “Permitted Skip” means, with respect to any Contract (prior to
giving effect to Permitted Servicer Adjustments), a period not to exceed four calendar months during any twelve consecutive month period in which no Scheduled Payments are due in respect of such Contract under the terms of the applicable Contract;
provided, that the sum of Scheduled Payments made throughout the twelve month period shall at least equal the same total amount of Scheduled Payments over the same period had no Permitted Skips been made with respect to such Contract. 

“Person” means an individual, partnership, limited liability company, corporation, joint stock company, trust (including a
business trust), unincorporated association, joint venture, firm, enterprise, Official Body or any other entity. 
 “Note Purchase
Agreement” means the note purchase agreement, dated as of April 17, 2013, by and among CCG, the Depositor, and J.P. Morgan Securities LLC, on its own behalf and as representative of the Initial Purchasers, as amended, modified,
supplemented or otherwise modified from time to time. 
 “Pool Balance” means, as of any date of determination, the
aggregate Net Book Value of all remaining Pool Receivables excluding Defaulted Receivables. 
 “Pool Receivable” means each
Receivable listed on Schedule I hereto (as amended from time to time) that (a) has been or is contemporaneously being sold, contributed or otherwise transferred by the Originator to the Depositor under the Purchase Agreement and from the
Depositor to the Issuer under the Sale and Servicing Agreement, or is a Substituted Receivable, (b) is subject to first priority security interest in favor of the Indenture Trustee hereunder, and (c) has not been repurchased by the
Depositor or the Originator from the Issuer pursuant to the Sale and Servicing Agreement or Purchase Agreement. 

“Proceeding” means any suit in equity, action at law or other judicial or administrative proceeding, or governmental
investigation. 
 “Purchase Agreement” means that certain Purchase Agreement dated as of April 24, 2013, between the
Originator, as seller, and the Depositor, as purchaser, as amended, supplemented or otherwise modified from time to time in accordance with the terms thereof. 

“Qualified Institution” means (a) any bank or depository institution organized under the laws of the United States or
any State or any United States branch or agency of a foreign bank or depository institution that (i) is subject to supervision and examination by federal or State banking authorities, (ii) has a short-term deposit rating of “A-1”
from S&P or, if S&P is not a Rating Agency, an equivalent rating from S&P, Moody’s, DBRS or Fitch, (iii) if such institution holds any Bank Accounts other than as segregated trust accounts and the deposits are to be held in
such accounts more than thirty (30) days, has a long-term unsecured debt rating or issuer rating of “A+” or better from S&P or, if S&P is not a Rating Agency, an equivalent rating or better from S&P, Moody’s, DBRS or
Fitch, and (iv) if such institution is organized under the laws of the United States, whose deposits are insured by the Federal Deposit Insurance Corporation, or (b) the corporate trust department of U.S. Bank National Association or any


  
 17 








 
other bank or depository institution organized under the laws of the United States or any State or any United States branch or agency of a foreign bank or depository institution that is subject
to supervision and examination by federal or State banking authorities that (x) is authorized under such laws to act as a trustee or in any other fiduciary capacity, and (y) has a long-term deposit rating of “BBB” or better from
S&P or, if S&P is not a Rating Agency, an equivalent rating or better from S&P, Moody’s, DBRS or Fitch. 
 “Rating
Agency” means S&P, DBRS, or any nationally recognized statistical rating organization hired by the Originator to rate the Notes and then rating the Notes. 

“Rating Agency Confirmation” means, with respect to any event or circumstance and with respect to each Rating Agency, written
confirmation (which may be in the form of a letter, a press release or other publication, or a change in such Rating Agency’s published criteria to this effect) by such Rating Agency that the occurrence of such event or circumstance will not
cause such Rating Agency to downgrade, qualify or withdraw its rating assigned to the Notes. 
 “Realized Losses” means, as
of any Determination Date, the sum of (a) with respect to any Defaulted Receivable that has become a Liquidated Receivable, the difference (which may be negative) of (i) the Net Book Value of such Pool Receivable as of the date it became a
Defaulted Receivable, minus (ii) the Liquidation Proceeds for such Pool Receivable and (b) with respect to any Defaulted Receivable that has not yet become a Liquidated Receivable, the Write-Down Amount plus any losses and minus any
gains realized on any items of Equipment sold or otherwise disposed of in any Collection Period. 
 “Receivable” means any
and all indebtedness and other obligations owed by any Obligor to the Originator (prior to giving effect to any transfer under the Purchase Agreement) under a Contract and outstanding after the related Cut-Off Date or any right of the Originator or
the Issuer to payment from or on behalf of an Obligor after the related Cut-Off Date arising in connection with the making of loans or the sale of goods or the rendering of services by the Originator, and includes the obligation to pay any finance
charges, fees and other charges with respect thereto. 
 “Record Date” means, for a Payment Date and a Book-Entry Note, the
close of business on the day before such Payment Date and, for a Payment Date and a Definitive Note, the last day of the calendar month preceding the month in which such Payment Date occurs. 

“Registered Noteholder” means the Person in whose name a Note is registered on the Note Register on the applicable Record
Date. 
 “Regulation AB” means Subpart 229.1100 – Asset Backed Securities, 17 C.F.R. §§229.1100-229.1123.

 “Related Security” means, with respect to any Pool Receivable, all of the rights, title and interest in, to and under:

  

	 	(a)	 the Equipment and any other property securing the Obligor’s obligations under any Pool Receivable, and any guarantees or similar credit
enhancement for the Obligor’s obligations under such Pool Receivable, including, without limitation, 



  
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(i) all rights of the Originator in any security deposits, (ii) all UCC financing statements or other filings relating thereto, (iii) all rights and remedies against any vendor
(including the Originator) of the Equipment and (iv) all Insurance Policies; 

  

	 	(b)	all other security interests or Liens, if any, purporting to secure payment of such Pool Receivable, whether pursuant to the Contract related to such Pool Receivable or otherwise, together with all financing statements
and other filings signed by an Obligor relating thereto; 

  

	 	(c)	all guarantees, indemnities, warranties, insurance (and proceeds and premium refunds thereof) or other agreements or arrangements of any kind from time to time supporting or securing payment of such Pool Receivable,
whether pursuant to the Contract related to such Pool Receivable or otherwise; 

  

	 	(d)	all records related to such Pool Receivable; 

  

	 	(e)	all present and future claims, demands, causes of action and choses in action in respect of any of the foregoing; and 

  

	 	(f)	all proceeds of any of the foregoing. 

 “Request for Release” has the meaning
set forth in the Custodial Agreement. 
 “Required Reserve Account Amount” means 1.50% of the Original Pool Balance. 

“Reserve Account” means the segregated trust account or accounts established and maintained pursuant to Section 4.1(b)
of the Sale and Servicing Agreement. 
 “Responsible Officer” means, (a) with respect to the Depositor, the President,
the Chief Financial Officer, the Vice President or the Treasurer and (b) with respect to the Originator or the Servicer (for so long as the Servicer is CCG), the President, the Chief Executive Officer, the Chief Financial Officer, the
Treasurer, the Chief Accounting Officer and the Vice President of Accounting, (c) with respect to the Issuer, any president, vice-president, assistant vice president, secretary or assistant secretary of the Owner Trustee or the Servicer or any
other officer of the Owner Trustee or customarily performing functions similar to those performed by any of the above, or (d) with respect to the Owner Trustee or the Indenture Trustee, any president, vice-president, assistant vice president,
secretary or assistant secretary of the Owner Trustee or Indenture Trustee, or any other officer of the Owner Trustee or Indenture Trustee in each case having direct responsibility for the administration of this Agreement. 

“Rule 144A” means Rule 144A under the Securities Act, as in effect from time to time. 

“Rule 144A Information” has the meaning set forth in Section 3.6(l). 

“Rule 17g-5” has the meaning set forth in Section 5.1(t). 

  
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 “S&P” means Standard & Poor’s Ratings Services, Standard and
Poor’s Financial Services LLC business, or any successor that is a nationally recognized statistical rating organization. 

“Sale and Servicing Agreement” means that certain Sale and Servicing Agreement dated as of April 24, 2013, among the
Depositor, the Issuer, the Servicer, the Originator, the Back-Up Servicer and the Indenture Trustee, as amended, supplemented or otherwise modified from time to time. 

“Scheduled Investor Principal Amount” means, with respect to a Payment Date, an amount equal to the amount by which the Note
Balance of the Notes (after giving effect to payments made on such Payment Date in priorities Sixth and Eighth under Section 4.5(a)) exceeds the amount of (i) the Pool Balance as of the last day of the related Collection
Period minus (ii) the Target Overcollateralization Amount as of the last day of the related Collection Period; provided, however, that in no event shall the Scheduled Investor Principal Amount be less than the amount needed
to repay any Class of Notes on or after the Maturity Date for such Class of Notes. 
 “Scheduled Payment” means
(i) with respect to a Pool Receivable that is a loan, that portion of the payment required to be made by the related Obligor during any Collection Period sufficient to amortize the principal balance over the term of the Pool Receivable and to
provide interest at the Contract Yield and (ii) with respect to a Pool Receivable that is a lease, the full payment required under the related Contract to be made by the related Obligor during any Collection Period. 

“Securities Act” means the Securities Act of 1933, as amended. 

“Servicer” means CCG. 

“Servicer Charges” has the meaning set forth in the Sale and Servicing Agreement. 

“Servicing Fee” means, with respect to any Payment Date, an amount equal to the product of (i) 0.75%, multiplied
by (ii) the Pool Balance as of the first day of the immediately preceding Collection Period, multiplied by (iii) a fraction, the numerator of which equals one and the denominator of which each equals 12. 

“Subordinated Debt” means any indebtedness of CCG and its Affiliates which is subordinated in right of payment to the prior
payment of any other indebtedness of CCG and its Affiliates. 
 “State” means any state or commonwealth of the United
States, or the District of Columbia. 
 “Subsidiary” means, with respect to any Person, any corporation, limited liability
company, or other Person (a) of which securities or other ownership interests having ordinary voting power to elect a majority of the board of directors or other Persons performing similar functions are at the time directly or indirectly owned
by such Person or (b) that is directly or indirectly controlled by such Person within the meaning of control under Section 15 of the Securities Act of 1933, as amended. 

  
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 “Tangible Net Worth” means, with respect to CCG, the amount calculated in
accordance with GAAP (but without giving effect to any adjustments related to the valuation of any interest rate swaps or similar derivative instruments required pursuant to the Statement of Financial Accounting Standards No. 133 issued by the
U.S. Financial Accounting Standards Board) as (i) the consolidated net worth of such Person and its consolidated Subsidiaries, minus (ii) the amount of prepaid expenses (if any), minus (iii) any amounts attributable to
the consolidated intangibles of such Person and its consolidated Subsidiaries, including, without limitation, goodwill, trademarks, tradenames, copyrights, patents, patent allocations, licenses and rights in any of the foregoing and other items
treated as intangibles in accordance with GAAP, plus (iv) the principal amount of any Subordinated Debt. 
 “Target
Overcollateralization Amount” means, as of any Determination Date, the greater of (a) 1.50% of the Original Pool Balance and (b) the lesser of (i) the Initial Overcollateralization Amount and (ii) 4.25% of the Pool
Balance as of the end of the related Collection Period. 
 “Transaction Documents” means, collectively, this Indenture, the
Sale and Servicing Agreement, the Purchase Agreement, the Trust Agreement, the Lock-Box Agreement, the Custodial Agreement, the Lock-Box Intercreditor Agreement, the Intercreditor Agreement, the Note Purchase Agreement and all of the other
instruments, documents and other agreements executed and delivered by the Servicer, the Originator, the Depositor, the Back-Up Servicer, the Custodian, the Indenture Trustee or the Issuer in connection with any of the foregoing. 

“Trigger Event” means, with respect to any Determination Date, (a) the Cumulative Net Loss Ratio as of the end of the
related Collection Period exceeds 1.00% within the first six Collection Periods from the Closing Date, 2.50% within the seventh through twelfth Collection Periods from the Closing Date, 3.50% within the thirteenth through eighteenth Collection
Periods from the Closing Date, and 4.50% at any time after the eighteenth Collection Period following the Closing Date, or (b) a Servicer Default has occurred and is continuing. If a Trigger Event occurs solely related to clause (a) above
and is subsequently cured and remains below the related trigger levels for three consecutive Collection Periods, a Trigger Event shall no longer exist. 

“Trust Agreement” means the Amended and Restated Trust Agreement, dated as of April 24, 2013, between the Depositor and
the Owner Trustee. 
 “Unearned Income” means, with respect to any Pool Receivable as of any date of determination, the
gross amount of any interest or other income (each to the extent that such other income is reflected on the Servicer’s books as unearned income) due and payable by the relevant Obligor under the terms of the related Contract (or recognized in
respect of the Pool Receivable) to the extent that such interest or other income has not been received by the Depositor, the Issuer or the Servicer as of the relevant date of determination. 

“UCC” means the Uniform Commercial Code as in effect in any relevant jurisdiction. 

“Void Note Transfer” has the meaning set forth in Section 3.6(i). 

  
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 “Write-Down Amount” means, for any Defaulted Receivable as of the date such Pool
Receivable became a Defaulted Receivable and as adjusted periodically in accordance with the Credit and Collection Policy, the difference between (i) the Net Book Value of such Pool Receivable as of the date such Pool Receivable became a
Defaulted Receivable, and (ii) the Estimated Recovery Value of the related Equipment. 
 ARTICLE II 

COLLATERAL 
 Section 2.1.
Continuing Security Interest. This Indenture shall create a valid and continuing security interest (as defined in the applicable UCC) in the Collateral in favor of the Indenture Trustee on behalf of the Noteholders, which security interest is
prior to all other Liens (other than Permitted Liens described clause (c) of the definition thereof and Equipment with an aggregate invoiced cost of $25,000 or less) and shall: 

 

	 	(a)	remain in full force and effect until the Indenture Trustee’s interest in the Collateral shall have been released in accordance with Section 2.4; 


 

	 	(b)	be binding upon the Issuer, and its successors, transferees and assigns; and 

  

	 	(c)	inure, together with the rights and remedies of the Indenture Trustee hereunder, to the benefit of the Noteholders and its respective successors, transferees and assigns. 


Section 2.2. Priority of Security Interest. The Issuer has or will have caused (at its own expense) within ten (10) days of
the Closing Date, the filing of all appropriate financing statements in the proper filing office in the appropriate jurisdictions under Applicable Law in order to perfect the security interest in the Collateral granted to the Indenture Trustee, for
the benefit of the Noteholders hereunder (provided, however, that the security interest in Equipment with an aggregate invoiced cost of $25,000 or less may not be perfected). The Indenture Trustee shall have all the rights, remedies
and recourse with respect to the Collateral afforded a secured party under the UCC in the applicable jurisdiction and all other Applicable Laws in addition to, and not in limitation of, the other rights, remedies and recourse granted to the
Indenture Trustee by this Indenture or any other Law relating to the creation and perfection of Liens on, and security interests in, the Collateral. 

Section 2.3. Protection of Security Interest of the Indenture Trustee. The Issuer agrees that it shall, from time to time, at its
expense, promptly execute and deliver all instruments and documents and take all actions as may be necessary or as the Indenture Trustee may reasonably request in order to perfect or protect the Indenture Trustee’s security interest in the
Collateral or to enable the Indenture Trustee (at the written direction of the Majority Holders) to exercise or enforce any of its rights hereunder. Without limiting the foregoing, the Issuer shall, upon the request of the Indenture Trustee on
behalf of the Noteholders: 
  

	 	(a)	 execute and file such financing or continuation statements or amendments thereto or assignments thereof (as otherwise permitted to be executed and
filed pursuant hereto) as may be requested by the Indenture Trustee on behalf of the Noteholders 



  
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covering the Collateral or any part thereof, including financing statements describing the Collateral as “all assets” or “all personal property” or words of like meaning
(provided, however, that the Issuer may in its discretion, but is not required to, file such financing or continuation statements or amendments thereto with respect to Equipment with an aggregate invoiced cost of $25,000 or less); and


  

	 	(b)	take all commercially reasonable actions necessary to remove any Liens (other than Permitted Liens) on the Collateral, including, but not limited to, releasing financing statements. The Issuer shall, upon request of the
Indenture Trustee on behalf of the Noteholders, obtain such additional search reports as the Indenture Trustee on behalf the Noteholders shall reasonably request. To the fullest extent permitted by Applicable Law, the Indenture Trustee (at the
expense of the Issuer) shall be permitted to sign and file continuation statements and amendments thereto and assignments thereof without the Issuer’s signature. Carbon, photographic or other reproduction of this Indenture or any financing
statement shall be sufficient as a financing statement. The Servicer may perform the foregoing obligations on behalf of the Issuer. 


Section 2.4. Release of Collateral. Anything contained in this Indenture to the contrary notwithstanding, following the payment of
the Notes in full, the Payment Date on which the Notes are redeemed in full pursuant to Section 3.13 or in connection with a sale permitted under Sections 3.3 or 3.4 of the Sale and Servicing Agreement, and in each case, payment of all other
amounts due and owing under the terms of this Indenture, the Indenture Trustee shall (at the written request of the Servicer) promptly release its security interest in the Collateral. 

Section 2.5. Effect of Release. When the release of the Collateral is effective in accordance with Section 2.4, all right,
title and interest of the Indenture Trustee in, to and under the Collateral shall terminate and shall revert to the Issuer, its successors and assigns, and the right, title and interest of the Indenture Trustee therein shall thereupon cease,
terminate and become void; and, upon the written request of the Issuer, its successors or assigns, and at the cost and expense of the Issuer, its successors or assigns, the Indenture Trustee shall execute such UCC-3 financing statements or such
other instruments as are provided to it as necessary or desirable to terminate and remove record of any documents constituting public notice of this Indenture and, in any case, the security interests and assignments granted hereunder with respect to
the Collateral and shall assign and transfer, or cause to be assigned and transferred, and shall deliver or cause to be delivered to the Issuer, all property, including all moneys, instruments and securities, of the Issuer then held by the Indenture
Trustee with respect to the Collateral. 
 ARTICLE III 

NOTES 
 Section 3.1.
Form. 
  

	 	(a)	 The Notes, together with the Indenture Trustee’s certificate of authentication, will be in substantially the form set forth in Exhibit A with
such variations as are required or permitted by this Indenture. The Notes may have such marks of 



  
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identification and such legends or endorsements placed on them as may be determined, consistent with this Indenture, by the Responsible Officer of the Issuer executing such Notes, as evidenced by
their execution of such Notes. The physical Notes will be produced by any method as determined by the Responsible Officer of the Issuer executing such Notes, as evidenced by their execution of such Notes. 


 

	 	(b)	Each Note will be dated the date of its authentication. The terms of the Notes set forth in Exhibit A are part of this Indenture and are incorporated into this Indenture by reference. 


Section 3.2. Execution, Authentication and Delivery. 
  

	 	(a)	A Responsible Officer of the Issuer will execute the Notes on behalf of the Issuer. The signature of such Responsible Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of
an individual who was a Responsible Officer of the Issuer will bind the Issuer, notwithstanding that such individual has ceased to hold such office before the authentication and delivery of such Notes or did not hold such office at the date of
issuance of such Notes. 

  

	 	(b)	The Indenture Trustee will, upon Issuer Order, authenticate and deliver the Notes for original issue at the applicable Note Rate and with the initial Class A-1 Note Balance, Class A-2 Note Balance and Class B
Note Balance as set forth below. 

  

									
	 Note
	  	Note Rate	 	 	Initial Note Balance	 
			
	 Class A-1 Notes
	  	 	0.37000	% 	 	$	55,100,000	  
			
	 Class A-2 Notes
	  	 	1.05	% 	 	$	124,290,000	  
			
	 Class B Notes
	  	 	2.09	% 	 	$	15,080,000	  

  

	 	(c)	The Notes will be issuable in minimum denominations of $100,000 and in multiples of $1,000 in excess thereof. Notwithstanding the foregoing, one Note may fail to be in such minimum denominations due to the difference
between such minimum denomination requirement and the initial Class A-1 Note Balance, Class A-2 Note Balance and Class B Note Balance. 

  

	 	(d)	No Note will be entitled to any benefit under this Indenture or be valid for any purpose, unless it bears a certificate of authentication substantially in the form provided for in this Indenture executed by the
Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note will be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered under this Indenture.



  
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 Section 3.3. Book Entry Notes. 

The Notes will be issued as Book-Entry Notes on the Closing Date. The Book-Entry Notes, upon original issuance, will be issued in the form of
typewritten Notes representing the Book-Entry Notes and delivered to The Depository Trust Company, the initial Clearing Agency, by, or on behalf of, the Issuer. The Book-Entry Notes will be registered initially on the Note Register in the name of
Cede & Co., the nominee of the Clearing Agency, and no Note Owner will receive a Definitive Note representing such Note Owner’s interest in such Note, except as provided in Section 3.4. Unless and until definitive, fully
registered Notes (the “Definitive Notes”) have been issued to Note Owners pursuant to Section 3.4: 
  

	 	(a)	With respect to Book-Entry Notes, the Note Registrar and the Indenture Trustee will be entitled to deal with the Clearing Agency for all purposes of this Indenture (including the payment of principal of and interest on
the Book-Entry Notes and the giving of notices, instructions or directions under this Indenture) as the sole Noteholder of the Book-Entry Notes, and will have no obligation to the Note Owners; 


 

	 	(b)	the Clearing Agency will make book-entry transfers among its participants and receive and transmit payments of principal of and interest on the Book-Entry Notes to such participants; 


 

	 	(c)	to the extent that the provisions of this Section 3.3 conflict with any other provisions of this Indenture, the provisions of this Section 3.3 will control; 


 

	 	(d)	the rights of Note Owners may be exercised only through the Clearing Agency and will be limited to those established by law and agreements between such Note Owners and the Clearing Agency and/or its participants
pursuant to the Note Depository Agreement; and 

  

	 	(e)	whenever this Indenture requires or permits actions to be taken based upon written instructions or written directions of Noteholders of a specified percentage of the Note Balance, the Clearing Agency will be deemed to
represent such percentage only to the extent that it has received instructions to such effect from Note Owners and/or the Clearing Agency’s participants owning or representing, respectively, such required percentage of the beneficial interest
of the Note Balance and has delivered such instructions to the Indenture Trustee. 

 Section 3.4. Definitive
Notes. With respect to any Class or Classes of Book-Entry Notes, if (a) the Issuer, or the Servicer on its behalf, notifies the Indenture Trustee that the Clearing Agency is no longer willing or able to properly discharge its
responsibilities as depository for the Book-Entry Notes and the Issuer, or the Servicer on its behalf, is unable to locate a qualified successor, (b) the Issuer, or the Servicer on its behalf, at its option, advises the Indenture Trustee in
writing that it elects to terminate the book-entry system and, the participants holding beneficial interests in the Notes agree to initiate a termination or (c) after the occurrence of an Event of Default or a Servicer Event of Default, the
Majority Holders notify the Indenture Trustee through the 

  
 25 








 
Clearing Agency that the continuation of a Book-Entry system through the Clearing Agency with respect to the Notes is no longer in their best interest, then the Indenture Trustee shall notify all
Note Owners of the occurrence of such event and of the availability of Definitive Notes to Note Owners requesting the same. Upon surrender to the Indenture Trustee of the typewritten Notes representing the Book-Entry Notes by the Clearing Agency,
accompanied by registration and transfer instructions from the Clearing Agency for registration, the Issuer shall execute, and the Indenture Trustee shall authenticate, the Definitive Notes in accordance with the instructions of the Clearing Agency.
None of the Issuer, the Note Registrar or the Indenture Trustee shall be liable for any delay in delivery of such instructions and may conclusively rely on, and shall be protected in relying on, such instructions. Upon the issuance of Definitive
Notes, all references herein to obligations imposed upon or to be performed by the Clearing Agency shall be deemed to be imposed upon and performed by the Issuer, to the extent applicable with respect to such Definitive Notes, and the Issuer shall
recognize the holders of the relevant Definitive Notes as Noteholders hereunder. 
 Section 3.5. Tax Treatment. The Issuer
intends that Notes that are owned or beneficially owned by a Person other than CCG or its Affiliates will be indebtedness of the Issuer, secured by the Collateral, for U.S. federal, state and local income and franchise tax purposes. The Issuer, by
entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for U.S. federal, state and local income and franchise
tax purposes as indebtedness of the Issuer. 
 Section 3.6. Registration; Registration of Transfer and Exchange. 

 

	 	(a)	The Issuer appoints the Indenture Trustee to be the Note Registrar (in such capacity, the “Note Registrar”) and to keep a register (the “Note Register”) for the purpose of registering
Notes and transfers of Notes as provided in this Indenture. Upon any resignation of the Note Registrar, the Issuer will promptly appoint a successor or, if it elects not to make such an appointment, assume the duties of Note Registrar. If the Issuer
appoints a Person other than the Indenture Trustee as Note Registrar, (i) the Issuer will notify the Indenture Trustee of such appointment, (ii) the Indenture Trustee will have the right to inspect the Note Register at all reasonable times
and to obtain copies of the Note Register and (iii) the Indenture Trustee will have the right to rely upon a certificate executed by an officer of the Note Registrar as to the names and addresses of the Noteholders and the principal amounts and
number of the Notes. 

  

	 	(b)	Upon surrender for registration of transfer of any Note at the office or agency of the Issuer maintained under Section 5.1(h), if the requirements of Section 8- 401(a) of the applicable UCC are met, the Issuer
will execute, the Indenture Trustee will authenticate and the Noteholder will obtain from the Indenture Trustee, in the name of the designated transferee or transferees, one or more new Notes, in any authorized denomination, in the same aggregate
principal amount. 

  

	 	(c)	 A Noteholder may exchange Notes for other Notes, in any authorized denominations, in the same aggregate principal amount, by surrendering the Notes




  
 26 









	 	
to be exchanged at the office or agency of the Issuer maintained under Section 5.1(h). If the requirements of Section 8-401(a) of the applicable UCC are met, the Issuer will execute,
the Indenture Trustee will authenticate and the Noteholder will obtain from the Indenture Trustee the Notes that the Noteholder making such exchange is entitled to receive. 


 

	 	(d)	All Notes issued upon any registration of transfer or exchange of Notes will be the valid obligations of the Issuer, evidencing the same debt, and entitled to the same benefits under this Indenture as the Notes
surrendered upon such registration of transfer or exchange. 

  

	 	(e)	Every Note presented or surrendered for registration of transfer or exchange will be (i) duly endorsed by, or be accompanied by a written instrument of transfer in form satisfactory to the Note Registrar or the
Indenture Trustee duly executed by, the Noteholder of such Note or such Noteholder’s attorney duly authorized in writing, with such signature guaranteed by an “eligible guarantor institution” meeting the requirements of the Note
Registrar which requirements include membership or participation in Securities Transfer Agents Medallion Program or such other “signature guarantee program” as may be determined by the Note Registrar in addition to, or in substitution for,
the Securities Transfer Agents Medallion Program, all in accordance with the Exchange Act, and (ii) accompanied by such other documents as the Indenture Trustee may require. 


 

	 	(f)	None of the Issuer, the Note Registrar or the Indenture Trustee will impose a service charge on a Noteholder for any registration of transfer or exchange of Notes. The Issuer, the Note Registrar or the Indenture Trustee
may require such Noteholder to pay an amount sufficient to cover any tax or other governmental charge that may be imposed in connection with such registration of transfer or exchange of the Notes. 


 

	 	(g)	Neither the Issuer nor the Note Registrar will be required to register transfers or exchanges of Notes selected for redemption or Notes for which the next Payment Date is not more than 15 days after the requested date
of such transfer or exchange. 

  

	 	(h)	The Notes have not been registered under the Securities Act or any state securities law. None of the Issuer, the Note Registrar or the Indenture Trustee is obligated to register the Notes under the Securities Act or any
other securities or “blue sky” laws or to take any other action not otherwise required under this Indenture or the Trust Agreement to permit the transfer of any Note without registration. The Issuer, at the direction of the Depositor, may
elect to register, or cause the registration of, the Notes under the Securities Act and any applicable state securities law, in which case the Issuer will deliver, or cause to be delivered, to the Indenture Trustee and the Note Registrar such
Opinions of Counsel, Officer’s Certificates and other information as determined by the Depositor as necessary to effect such registration. 


  
 27 









	 	(i)	Until such time as any such Notes has been registered under the Securities Act and any applicable state securities law pursuant to Section 3.6(h), no Note may be sold, transferred, assigned, participated, pledged,
or otherwise disposed of (any such act, a “Note Transfer,”) to any Person except in accordance with the provisions of this Section 3.6, and any attempted Note Transfer in violation of this Section 3.6 will be null and void
(each a “Void Note Transfer”). 

  

	 	(j)	Each Note will bear a legend to the effect of the legend contained in Exhibit A unless determined otherwise by the officers executing such Note consistent with applicable law. As a condition to the registration of any
Note Transfer, the prospective transferee of such Note will be deemed to represent to the Indenture Trustee, the Note Registrar and the Issuer the following: 

  

	 	(i)	It understands that the Notes have not been and will not be registered under the Securities Act or any state or other applicable securities or “blue sky” law. 


 

	 	(ii)	It understands that Note Transfers are only permitted if made in compliance with the Securities Act and other applicable laws and only to a person that the holder reasonably believes is a “qualified institutional
buyer” within the meaning of Rule 144A under the Securities Act (a “QIB”). 

  

	 	(iii)	It (A) is a QIB, (B) is aware that the sale to it is being made in reliance on Rule 144A under the Securities Act and if it is acquiring such Notes or any interest or participation in the Notes for the account
of another QIB, such other QIB is aware that the sale is being made in reliance on Rule 144A under the Securities Act and (C) is acquiring such Notes or any interest or participation in the Notes for its own account or for the account of
another QIB. 

  

	 	(iv)	It is purchasing the Notes for its own account or for one or more investor accounts for which it is acting as fiduciary or agent, in each case for investment, and not with a view to offer, transfer, assign, participate,
pledge or otherwise dispose of such Notes in connection with any distribution of such Notes that would violate the Securities Act. 

  

	 	(k)	 By acceptance of any Note, the Noteholder specifically agrees with and represents to the Depositor, the Issuer and the Note Registrar, that no Note
Transfer will be made unless (i) the registration requirements of the Securities Act and any applicable state securities laws have been complied with in respect of such class in accordance with Section 3.6(h), (ii) such Note Transfer
is to the Depositor or its Affiliates, or (iii) such Note Transfer is exempt from the registration requirements under the Securities Act because such Note Transfer is in compliance with Rule 144A under the Securities Act, to a transferee who
the transferor reasonably believes is a Qualified Institutional Buyer (as defined in the Securities Act) that is purchasing for its own account or for the account of a Qualified Institutional Buyer and to whom notice is given that such Note Transfer
is being made in reliance upon Rule 144A under the Securities Act. The Issuer will make available 



  
 28 









	 	
to the prospective transferor and transferee of a Note information requested to satisfy the requirements of paragraph (d)(4) of Rule 144A (the “Rule 144A Information”). The Rule
144A Information will include any or all of the following items requested by the prospective transferee: 

  

	 	(i)	the Servicer Report for each Payment Date preceding such request; and 

  

	 	(ii)	such other information as is reasonably available to the Issuer in order to comply with requests for information pursuant to Rule 144A. 


Section 3.7. Mutilated, Destroyed, Lost or Stolen Notes. 
  


	 	(a)	If a mutilated Note is surrendered to the Indenture Trustee or the Indenture Trustee receives evidence to its satisfaction of the destruction, loss or theft of a Note, then the Issuer will execute and, upon Issuer
Request, the Indenture Trustee will authenticate and deliver a replacement Note of the same principal amount in exchange for or in lieu of such Note so long as (i) the Indenture Trustee receives such security or indemnity as may be required by
it to hold the Issuer and the Indenture Trustee harmless, (ii) none of the Issuer, the Note Registrar or the Indenture Trustee have received notice that such Note has been acquired by a protected purchaser, as defined in Section 8-303 of
the applicable UCC and (iii) the requirements of Section 8-405 of the applicable UCC are met. However, if any such destroyed, lost or stolen Note (but not a mutilated Note) is due and payable within fifteen (15) days or has been
called for redemption, instead of issuing a replacement Note, the Issuer may pay such destroyed, lost or stolen Note when so due or payable or upon the Payment Date on which the Note has been redeemed pursuant to Section 3.13 without surrender
of such Note. If a protected purchaser of the original Note in lieu of which such replacement Note was issued (or such payment made) presents for payment such original Note, the Issuer and the Indenture Trustee will be entitled to recover such
replacement Note (or such payment) from the Person to whom it was delivered or any Person taking such replacement Note (or such payment) from such Person to whom such replacement Note (or such payment) was delivered or any assignee of such Person,
except a protected purchaser, and will be entitled to recover upon the security or indemnity provided for such replacement Note (or such payment) for any cost, expense, loss, damage, claim or liability incurred by the Issuer or the Indenture Trustee
in connection with such replacement Note (or such payment). 

  

	 	(b)	Upon the issuance of any replacement Note under Section 3.7(a), the Issuer may require the Noteholder of such Note to pay an amount sufficient to cover any tax or other governmental charge imposed .


  

	 	(c)	Each replacement Note issued pursuant to Section 3.7(a) will constitute an original additional contractual obligation of the Issuer, whether or not the mutilated, destroyed, lost or stolen Note will be enforceable
by anyone and, except as otherwise provided in this Indenture, will be entitled to all the benefits of this Indenture. 

  

	 	(d)	The provisions of this Section 3.7 are exclusive and preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes.



  
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 Section 3.8. Persons Deemed Owners. With respect to any date of determination, the
Issuer, the Indenture Trustee and any agent of the Issuer or the Indenture Trustee may treat the Person in whose name any Note is registered as of such date as the owner of such Note for the purpose of receiving payments of principal of and any
interest on such Note and for all other purposes, and none of the Issuer, the Indenture Trustee or any agent of the Issuer or the Indenture Trustee will be affected by notice to the contrary. 

Section 3.9. Payment of Principal and Interest. 
  

	 	(a)	The Notes will accrue interest at the applicable Note Rate. Interest on the Note will be due and payable on each Payment Date as specified in such Note. Interest on the Class A-1 Notes will be computed on the basis
of actual days elapsed in the related Interest Period and a 360-day year. Interest on the Class A-2 Notes and the Class B Notes will be computed on the basis of a 360-day year consisting of twelve 30-day months. 


 

	 	(b)	Interest and principal payments on the Notes will be made ratably to the Noteholders entitled to such payments. On each Payment Date, distributions to be made with respect to interest on and principal of the Definitive
Notes will be paid to the Registered Noteholder (i) if such Noteholder has provided to the Note Registrar appropriate instructions at least five Business Days before such Payment Date (which instructions will remain in effect until the
Noteholder provides new instructions to the Note Registrar in accordance with this Section) and the aggregate original principal amount of such Noteholder’s Notes is at least $1,000,000, by wire transfer in immediately available funds to the
account of such Noteholder or (ii) by check mailed first class mail, postage prepaid, to such Registered Noteholder’s address as it appears on the Note Register on the related Record Date. Distributions to be made with respect to interest
on and principal of Book-Entry Notes will be paid to the Registered Noteholder by wire transfer in immediately available funds to the account designated by the nominee of the Clearing Agency. However, the final installment of principal (whether
payable by wire transfer or check) of each Note on the Payment Date on which the Notes are being redeemed pursuant to Section 3.13 or the applicable Maturity Date will be payable only upon presentation and surrender of such Note. The Indenture
Trustee will notify each Registered Noteholder of the date on which the Issuer expects that the final installment of principal of and interest on such Registered Noteholder’s Notes will be paid not later than ten days before such date. Such
notice will specify the place where such Notes may be presented and surrendered for payment of such installment. All funds paid by wire transfers or checks that are returned undelivered will be held in accordance with Section 4.5(c).


  

	 	(c)	 The principal of each Note will be payable in installments on each Payment Date as specified in such Note. The entire unpaid Note Balance for any
Class will be 



  
 30 









	 	
due and payable on the earlier of the applicable Maturity Date and the Payment Date on which the Notes are being redeemed pursuant to Section 3.13. Notwithstanding the foregoing, the entire
unpaid principal amount of the Notes will be due and payable on the date on which the Notes are declared to be immediately due and payable in the manner provided in Section 7.2. 


 

	 	(d)	All amounts applied as principal payments on the Notes will be paid sequentially to the Class A-1 Noteholders until the Note Balance of the Class A-1 Notes has been reduced to zero, then to the Class A-2
Noteholders until the Note Balance of the Class A-2 Notes has been reduced to zero, and then to the Class B Noteholders until the Note Balance of the Class B Notes has been reduced to zero. 


Section 3.10. Cancellation. 

Any Person seeking to surrender a Note for payment, registration of transfer, exchange or redemption will deliver such Note to the Indenture
Trustee. The Indenture Trustee will promptly cancel all Notes it receives that have been surrendered for payment, registration of transfer or exchange, or redemption. The Issuer may deliver to the Indenture Trustee for cancellation any Notes
previously authenticated and delivered under this Indenture which the Issuer may have acquired in any manner, and the Indenture Trustee will promptly cancel such Notes. No Notes will be authenticated in lieu of or in exchange for any Notes cancelled
as provided in this Section 3.10. The Indenture Trustee may hold or dispose of all cancelled Notes in accordance with its standard retention or disposal policy unless the Issuer directs, by Issuer Order, that they be destroyed or returned to it
(so long as such Notes have not been disposed of previously by the Indenture Trustee). 
 Section 3.11. Authenticating Agents.

  

	 	(a)	The Indenture Trustee may appoint one or more Persons (each, an “Authenticating Agent”) with the power to act on its behalf and subject to its direction in the authentication of Notes in connection with
issuances, transfers and exchanges under Sections 3.2, 3.6, 3.7 and 9.5, as though each such Authenticating Agent had been expressly authorized by those Sections to authenticate such Notes. For all purposes of this Indenture, the authentication of
Notes by an Authenticating Agent pursuant to this Section 3.11 is deemed to be the authentication of Notes “by the Indenture Trustee.” 

  

	 	(b)	Any Person into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, consolidation or conversion to which an Authenticating Agent is a
party, or any Person succeeding to all or substantially all of the corporate trust business of an Authenticating Agent, will be the successor of such Authenticating Agent under this Indenture without the execution or filing of any document or any
further act. 

  

	 	(c)	 An Authenticating Agent may resign by giving notice of resignation to the Indenture Trustee and the Owner Trustee. The Indenture Trustee may terminate
the agency of an Authenticating Agent by giving notice of termination to such 



  
 31 









	 	
Authenticating Agent and the Owner Trustee. Upon receiving such notice of resignation or upon such a termination, the Indenture Trustee may appoint a successor Authenticating Agent and will
notify the Owner Trustee of any such appointment. 

  

	 	(d)	Sections 8.2 and 8.4 will apply to each Authenticating Agent. 

 Section 3.12. Note
Paying Agents. 
  

	 	(a)	The Indenture Trustee may appoint one or more Note Paying Agents that meet the eligibility standards for the Indenture Trustee specified in Section 8.11(a). The Note Paying Agents will have the power to make
distributions from the Collection Account and Reserve Account. 

  

	 	(b)	Any Person into which a Note Paying Agent may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, consolidation or conversion to which a Note Paying Agent is a party, or
any Person succeeding to all or substantially all of the corporate trust business of a Note Paying Agent, will be the successor of such Note Paying Agent under this Indenture without the execution or filing of any document or any further act.


  

	 	(c)	A Note Paying Agent may resign by giving notice of resignation to the Indenture Trustee, the Depositor and the Issuer. The Indenture Trustee may terminate the agency of a Note Paying Agent by giving notice of
termination to such Note Paying Agent, the Depositor and the Issuer. Upon receiving such notice of resignation or upon such a termination, the Indenture Trustee may appoint a successor Note Paying Agent and will notify the Depositor and the Issuer
of any such appointment. 

  

	 	(d)	Sections 8.2 and 8.4 will apply to each Note Paying Agent. 

 Section 3.13. Optional
Redemption of the Notes. 
  

	 	(a)	The Notes are subject to redemption in whole, but not in part, at the written direction of the Servicer on any Payment Date on which the Servicer exercises its option to purchase the Collateral pursuant to
Section 3.4 of the Sale and Servicing Agreement. After the Servicer notifies the Indenture Trustee that it will exercise its option pursuant to Section 3.4 of the Sale and Servicing Agreement, the Indenture Trustee will promptly notify the
Noteholders: 

  

	 	(i)	of the outstanding Note Balance to be prepaid as of the most recent Payment Date and that the Notes plus accrued and unpaid interest on such Notes at the applicable Note Rate to the Payment Date on which the Notes will
be redeemed will be paid in full; 

  

	 	(ii)	of the place where such Notes are to be surrendered for final payment (which will be the office or agency of the Issuer maintained as provided in Section 5.1(h) or the Corporate Trust Office of the Indenture
Trustee; and 

  

	 	(iii)	that on the date that the Notes are redeemed, the Note Balance together with accrued interest thereon and all other sums due under this Indenture will become due and payable upon the Notes and that interest on the Notes
will cease to accrue from and after the date that the Notes are redeemed, unless the Issuer defaults in the payment of the Notes on such date. 


  
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	 	(b)	The Issuer will cause the Servicer to deposit in the Collection Account, by 10:00 a.m. (New York City time) on the Payment Date that the Notes are to be redeemed, the Purchase Price, whereupon all such Notes will be
paid in full on the date that the Notes are redeemed. 

  

	 	(c)	On the date that the Notes are redeemed, the Note Balance of the Notes will be due and payable and interest on the Notes will cease to accrue from and after the date that the Notes are redeemed, unless the Issuer
defaults in the payment of the Notes on the such date. Upon redemption, the Indenture Trustee agrees to execute (at the written request and expense of the Issuer) any and all instruments reasonably requested of it to release the Collateral from the
Lien of this Indenture and release to the Issuer or any other Person entitled to any funds then on deposit in the Collection Account or Reserve Account under this Indenture. 


ARTICLE IV 
 DISTRIBUTIONS 

Section 4.1. Application of Collections. The Indenture Trustee will apply all Collections received by it as provided in this
Indenture and the Sale and Servicing Agreement. 
 Section 4.2. Collection Account, Collections. A Collection Account has been
established pursuant to Section 4.1(a) of the Sale and Servicing Agreement. The Indenture Trustee shall have control over the Collection Account and all monies, instruments and other property from time to time in the Collection Account within
the meaning of the applicable UCC. On each Payment Date, all interest and earnings (net of losses and reasonable investment expenses) on funds on deposit in the Collection Account shall be applied as Collections in accordance with Sections 4.5(a)
and (b). On the applicable Maturity Date or any date on which the Notes are redeemed pursuant to Section 3.13, any funds remaining on deposit in the Collection Account shall be paid to the Certificateholder. The Indenture Trustee shall make
payments to the Certificateholder pursuant to Section 4.5 in accordance with payment instructions delivered to the Indenture Trustee by Certificate Register on the Closing Date and from time to time thereafter. 

Section 4.3. Reserve Account. A Reserve Account has been established pursuant to Section 4.1(b) of the Sale and Servicing
Agreement. The Indenture Trustee shall have control over the Reserve Account and all monies, instruments and other property from time to time in the Reserve Account within the meaning of the applicable UCC. On or before each Payment Date, the
Indenture Trustee will withdraw from the Reserve Account the Reserve Account Withdrawal Amount and deposit such amount into the Collection Account as indicated on the related Servicer Report delivered pursuant to Section 3.7 of the Sale and
Servicing Agreement. On the latest Maturity Date for all Classes, any date on which the Notes are redeemed pursuant 

  
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to Section 3.13 or upon the acceleration of the entire unpaid principal amount of the Notes following an Event of Default, the Indenture Trustee will withdraw from the Reserve Account any
funds remaining on deposit in the Reserve Account and deposit such amounts into the Collection Account to be applied in accordance with Section 4.5. 

Section 4.4. Lock-Box Accounts. All Obligors in respect of Pool Receivables sold or contributed to the Issuer pursuant to the Sale
and Servicing Agreement and pledged under this Indenture have been instructed to make payment to the Lock-Box Account pursuant to Section 6.2(f) of the Sale and Servicing Agreement. The names and addresses of the Lock-Box Bank, together with
the account number of the Lock-Box Account at the Lock-Box Bank, are specified on Schedule III, as such schedule may be updated by notice from the Issuer to the Indenture Trustee as provided in Section 5.1(o) hereof. 

Section 4.5. Priority of Distribution. 
  

	 	(a)	Prior to the occurrence of an Event of Default and an acceleration of the entire unpaid principal amount of the Notes and so long as the Indenture Trustee has received the Servicer Report by the related Determination
Date or, in any event, not later than the opening of business on the related Payment Date, the Indenture Trustee, based on information contained in the most recent Servicer Report, will make the following withdrawals from the Collection Account on
such Payment Date and make deposits and payments on each Payment Date, to the extent of Available Amounts on deposit in the Collection Account with respect to such Payment Date, in the following order of priority (pro rata to the Persons within each
priority level based on the amounts due except as otherwise specified): 

  

			
	First		to the Servicer, any unreimbursed Servicer Advances, as defined in Section 3.6 of the Sale and Servicing Agreement, in respect of a prior Collection Period;
		
	Second		if a successor servicer is being appointed, or if the Back-Up Servicer is assuming the duties of the Servicer, to the successor servicer or the Back-Up Servicer, as applicable, the costs and expenses associated with the appointment
of such successor servicer and the transition relating thereto (which amount shall not, taken in the aggregate with all other amounts withdrawn for such purpose, exceed $50,000 in aggregate for the life of the transaction);
		
	Third		to the Servicer, (i) the Servicing Fee then due, together with any accrued and unpaid Servicing Fees from prior Collection Periods and (ii) expenses of the Servicer, such expenses not to exceed $50,000 in the aggregate for the life
of the transaction;
		
	Fourth		to the Indenture Trustee, Back-Up Servicer, Owner Trustee and Custodian, pro rata based on the amounts so due, (i) the Indenture Trustee Fees, Back-Up Servicing Fees, Owner Trustee Fees and Custodian Fees then due, together with any
unpaid Indenture Trustee



  
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			Fees, Back-Up Servicing Fees, Owner Trustee Fees and Custodian Fees from prior Collection Periods and (ii) expenses and indemnities of the Indenture Trustee, Back-Up Servicer, Owner Trustee and Custodian, such expenses and
indemnities not to exceed, $100,000 per party per annum (with the Back-Up Servicer and Custodian deemed to be one party for purposes of this priority Fourth for so long as one Person is serving in both such capacities);
		
	Fifth		to pay accrued and unpaid interest on the Class A Notes ratably based on the amount of accrued and unpaid interest due and owing on the Class A-1 and Class A-2 Notes on such Payment Date;
		
	Sixth		to pay principal on the Notes in an amount equal to the amount by which the Note Balance of the Class A Notes as of the prior Payment Date (or as of the Closing Date in the case of the first Payment Date) exceeds the Pool Balance at
the end of the related Collection Period, in the priority described in Section 3.9(d); provided, that on and after the Maturity Date for each class of Class A Notes, this amount will equal the Note Balance of that Class of Class A Notes until
paid in full;
		
	Seventh		to pay accrued and unpaid interest on the Class B Notes;
		
	Eighth		to pay principal on the Notes in an amount equal to the amount by which the Note Balance of the Class A and Class B Notes as of the prior Payment Date (or as of the Closing Date in the case of the first Payment Date) (after giving
effect to the payments made pursuant to priority Sixth above) exceeds the Pool Balance at the end of the related Collection Period, in the priority described in Section 3.9(d); provided, that on and after the Maturity Date for the
Class B Notes, this amount will equal the Note Balance of the Class B Notes until paid in full;
		
	Ninth		to the Reserve Account, an amount equal to the excess of the Required Reserve Account Amount over the remaining balance in the Reserve Account after giving effect to any payments made on such Payment Date;
		
	Tenth		to pay (a) prior to the occurrence and continuation of a Trigger Event, the Scheduled Investor Principal Amount or (b) during the continuation of a Trigger Event, all remaining amounts, if any, in each case, as payments of principal
on each Class of Notes in the priority specified in Section 3.9(d) (after giving effect to the payments made pursuant to priorities Sixth and Eighth above);
		
	Eleventh		to the Indenture Trustee, Back-Up Servicer, Custodian and Owner Trustee all amounts due and not paid pursuant to priority Fourth by reason of the limitation in such clause, pro rata, based on the amounts due and not
paid; and
		
	Twelfth		to the Certificateholder, all remaining amounts, if any.



  
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	 	(b)	Following the acceleration of the entire unpaid principal amount of the Notes after the occurrence of an Event of Default, the proceeds of the liquidation of the Collateral and any amounts on deposit in the Reserve
Account will be deposited into the Collection Account, and all amounts on deposit in the Collection Account will be distributed in the following priority on the related Payment Date: 


 

			
	First		to the Servicer, any unreimbursed Servicer Advances in respect of a prior Collection Period;
		
	Second		if a successor servicer has been appointed, or if the Back-Up Servicer has assumed the duties of the Servicer, to the successor servicer or the Back-Up Servicer, as applicable, the reasonable costs and expenses associated with the
appointment of such successor servicer and the transition relating thereto;
		
	Third		to the Servicer, the Servicing Fee then due, together with any accrued and unpaid Servicing Fees from prior Collection Periods;
		
	Fourth		to the Indenture Trustee, Back-Up Servicer, Owner Trustee and Custodian, pro rata based on the amounts so due, (i) first, the Indenture Trustee Fees, Back-Up Servicing Fees, Owner Trustee Fees and Custodian Fees then due, together
with any unpaid Indenture Trustee Fees, Back-Up Servicing Fees, Owner Trustee Fees and Custodian Fees from prior Collection Periods and (ii) second, expenses and indemnities of the Indenture Trustee, Back-Up Servicer, Owner Trustee and Custodian;
provided, that following the acceleration of the maturity of the Notes after the occurrence of an Event of Default described in Section 7.1(d) or (e), such expenses and indemnities shall not exceed, with respect to the Indenture Trustee,
$300,000 per annum and with respect to the Back-Up Servicer, Owner Trustee and Custodian, $100,000 per party per annum (with the Back-up Servicer and Custodian deemed to be one party for purposes of this priority Fourth for so long as one
person is serving in both such capacities);
		
	Fifth		to pay accrued and unpaid interest on the Class A Notes ratably based on the amount of accrued and unpaid interest due and owing on the Class A-1 Notes and Class A-2 Notes;
		
	Sixth		to pay accrued and unpaid interest on the Class B Notes;
		
	Seventh		to pay principal on the Notes in the priority described in Section 3.9(d);



  
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	Eighth		to the Indenture Trustee, Back-Up Servicer, Owner Trustee and Custodian, expenses and indemnities of the Indenture Trustee, Back-Up Servicer, Owner Trustee and Custodian, pro rata based on the amounts so due and not paid
above, all amounts due and not paid pursuant to priority Fourth above by reason of any limitation in such clause; and
		
	Ninth		to the Certificateholder, all remaining amounts, if any.


  

	 	(c)	All amounts payable by the Issuer under this Indenture and the other Transaction Documents shall be subject to, and all funds available to the Issuer shall be applied in accordance with, the priorities set forth in
Section 4.5(a) and (b), provided, however, that the foregoing provision shall not affect or constitute a waiver of any Event of Default if such funds are insufficient to pay in full when due any amount which is payable by the Issuer hereunder
or under any other Transaction Document. 

  

	 	(d)	Collections Held in Trust. (i) If at any time the Issuer shall receive any Collections other than through payment into the Lock-Box Account, the Issuer shall promptly (but in any event within two
(2) Business Days of receipt thereof) remit or cause to be remitted all such Collections to the applicable Lock-Box Account. All Collections received by the Issuer and all Collections held by the Servicer in the Lock-Box Account pursuant to the
Sale and Servicing Agreement, shall be held by such Person in trust for the exclusive benefit of the Indenture Trustee and the Noteholders. No portion of the Note Balance shall be deemed repaid by any amount of the Collections held in trust by the
Issuer or the Servicer, as applicable, unless such amount is finally paid by the Indenture Trustee in accordance with Sections 4.5(a) or (b). 


ARTICLE V 
 REPRESENTATIONS AND
WARRANTIES OF THE ISSUER 
 Section 5.1. Representations by the Issuer. Unless otherwise provided herein, the Issuer represents
and warrants to the Indenture Trustee and the Noteholders that on the Closing Date: 
  

	 	(a)	Corporate Existence and Power. The Issuer: 

  

	 	(i)	will keep in full effect its existence, rights and franchises as a statutory trust under the Delaware Statutory Trust Act (unless it becomes, or any successor Issuer under this Indenture is or becomes, organized under
the laws of any other state or of the United States, in which the Issuer will keep in full effect its existence, rights and franchises under the laws of such other jurisdiction) and will obtain and preserve its qualification in each jurisdiction in
which such qualification is or will be necessary to protect the validity and enforceability of this Indenture, the Notes, the Collateral and each other instrument or agreement included in the Collateral; 


  
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	 	(ii)	is not organized under the Laws of any other jurisdiction or governmental authority; 

  

	 	(iii)	has all power and all licenses, authorizations, consents and approvals of all Official Bodies required to own or lease its properties and to carry on its business in each jurisdiction in which its business is conducted
(except where the failure to have any such licenses, authorizations, consents and approvals would not individually or in the aggregate have a Material Adverse Effect); and 


 

	 	(iv)	is duly qualified to do business and is in good standing in every other jurisdiction in which the nature of its business or ownership or lease of its properties requires it to be so qualified, except where the failure
to be so qualified or in good standing would not have a Material Adverse Effect. 

  

	 	(b)	Corporate and Governmental Authorization; Contravention. The execution, delivery and performance by it of this Indenture and the other Transaction Documents to which it is a party: (i) are within its powers,
(ii) have been duly authorized (iii) require no action by or in respect of, or filing with, any Official Body or official thereof (except as contemplated by this Indenture which have been (or as of the Closing Date will have been) duly
made and in full force and effect), (iv) do not contravene or constitute a default under (1) its formation documents, (2) any Law applicable to it, (3) any material contractual restriction binding on or affecting it or its
property or (4) any order, writ, judgment, award, injunction or decree binding on or affecting it or its property, and (v) will not result in the creation or imposition of any Lien (other than Permitted Liens created under the Transaction
Documents) upon or with respect to its property, except as contemplated hereby and by the other Transaction Documents, which could reasonably be expected to have a Material Adverse Effect. 


 

	 	(c)	Binding Effect. Each of this Indenture and the other Transaction Documents to which it is a party has been duly executed and delivered and constitutes its legal, valid and binding obligation, enforceable against
it in accordance with the respective terms of such agreement, subject to applicable bankruptcy, insolvency, moratorium or other similar laws affecting the rights of creditors generally and by general principles of equity, regardless of whether such
enforceability is considered in a Proceeding in equity or at law. 

  

	 	(d)	Accuracy of Information. All written information heretofore furnished by it to any Noteholder, the Indenture Trustee or in connection with this Indenture or any transaction contemplated hereby is, and all such
written information furnished by it to the Noteholders or the Indenture Trustee is, true, complete and accurate in every material respect, on the date such information is stated or certified, and no such item contains or will contain any untrue
statement of a material fact or omits to state a material fact necessary in order to make the statements contained therein, in the light of the circumstances under which they were made, not materially misleading. 


  
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	 	(e)	Tax Status. It has (i) filed all tax returns (federal, state and local) required to be filed, (ii) paid or made adequate provision for the payment of all taxes, assessments and other governmental
charges except for taxes, assessments and other governmental charges that are being contested in good faith through appropriate Proceedings and with respect to which adequate reserves are being maintained in accordance with GAAP and (iii) no
tax lien has been filed and to its knowledge, no tax lien claim is being asserted against any of its properties which could reasonably be expected to have a Material Adverse Effect. 


 

	 	(f)	Action, Suits. It is not in violation of any order of any Official Body or arbitrator. There are no actions, suits, litigation, investigations or Proceedings pending, or to its knowledge, threatened, against or
affecting it or any of its Affiliates or their respective properties, in or before any Official Body or arbitrator, which could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 


 

	 	(g)	Use of Proceeds. No proceeds in connection of the Notes shall be used by it (i) to acquire any security in any transaction which is subject to Section 13 or 14 of the Securities Exchange Act of 1934, as
amended, (ii) to acquire any equity security of a class which is registered pursuant to Section 12 of such act or (iii) for any other purpose that violates Applicable Law, including Regulations T, U or X of the Federal Reserve Board.


  

	 	(h)	Maintenance of Office or Agency. The Issuer will maintain an office or agency in St. Paul, Minnesota, where Notes may be surrendered for registration of transfer or exchange, and where notices and demands to or
upon the Issuer in respect of the Notes and this Indenture may be served. The Issuer initially appoints the Indenture Trustee to serve as its agent for such purposes. The Issuer will promptly notify the Indenture Trustee of any change in the
location of such office or agency. If the Issuer fails to maintain any such office or agency or fails to furnish the Indenture Trustee with the address of such office or agency, such surrenders, notices and demands may be made or served at the
Corporate Trust Office, and the Issuer appoints the Indenture Trustee as its agent to receive all such surrenders, notices and demands 

  

	 	(i)	Subsidiaries; Tradenames, Etc. As of the Closing Date: (i) it has no Subsidiaries and divisions; and (ii) it has not operated under any tradenames and has not changed its name, merged with or into or
consolidated with any other Person or been the subject of any Proceeding under the Bankruptcy Code. 

  

	 	(j)	Security Interest. On the Closing Date, the Indenture Trustee shall acquire and hold a valid and enforceable first priority perfected security interest in each Pool Receivable and all other Collateral free and
clear of any Lien, other than Permitted Liens. 

  

	 	(k)	Nature of Pool Receivable. Each Pool Receivable satisfied the definition of Eligible Receivable set forth herein on the Closing Date or on a Substitution Date. 


  
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	 	(l)	No Event of Default. No event exists and no condition exists, or would constitute a Default, Event of Default or Servicer Default. 


 

	 	(m)	Not an Investment Company. It is not, and is not controlled by, an “investment company” within the meaning of the Investment Company Act of 1940, or is exempt from all provisions of such act.


  

	 	(n)	ERISA. Neither the Issuer nor any ERISA Affiliate (i) maintains any “pension plan” (as defined in Section 3(2) of ERISA) or (ii) contributes to any “multiemployer plan” (as defined in Sections
3(37) and 4001(a)(3) of ERISA). 

  

	 	(o)	Lock-Box Accounts. The names and addresses of all the Lock-Box Banks, together with the account numbers of the Lock-Box Accounts at such Lock-Box Banks are specified in Schedule III, as updated by the Issuer from
time to time by notice from the Issuer or the Servicer to the Indenture Trustee. To the extent that there is more than one Lock-Box Account, Schedule III will indicate, by Contract number, to which Lock-Box Account funds received on a related Pool
Receivable will be deposited. All Obligors have been instructed to make payment in respect of the Pool Receivables to a Lock-Box Account. The Issuer shall at all times have the ability to identify and segregate, in accordance with the terms of the
Lock-Box Intercreditor Agreement, all of the Collections from other funds on deposit in each Lock-Box Account within five (5) Business Days after receipt of such Collections. 


 

	 	(p)	Transfers Under Sale and Servicing Agreement. Each Pool Receivable has been purchased by it from the Depositor pursuant to, and in accordance with, the terms of the Sale and Servicing Agreement.


  

	 	(q)	Preference; Voidability. The Issuer shall have given reasonably equivalent value to the Depositor in consideration for the transfer to it of the Pool Receivables under the Sale and Servicing Agreement and such
transfer shall not have been made for or on account of an antecedent debt owed by the Depositor to it and no such transfer is or may be voidable under any section of the Bankruptcy Code. 


 

	 	(r)	Representations and Warranties in other Transaction Documents. Each of the representations and warranties made by the Issuer contained in the Transaction Documents (other than this Indenture) is true, complete
and correct in all respects and it hereby makes each such representation and warranty to, and for the benefit of, the Indenture Trustee and the Noteholders as if the same were set forth in full herein. 


 

	 	(s)	Perfection Representations. The Issuer is the owner of all of the Pool Receivables listed on Schedule I and other Collateral, free and clear of all Liens (other than Permitted Liens). The Issuer further
represents: 

  

	 	(i)	General. 

  

	 	(1)	The Pool Receivables constitute “accounts,” “instruments,” “general intangibles,” or “tangible chattel paper” within the meaning of the applicable UCC. 


  
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	 	(2)	The Issuer has taken all steps or commenced procedures necessary to perfect its security interest against the Obligors and the Equipment securing the Pool Receivables; provided, however, that the security
interest in Equipment with an aggregate invoiced cost of $25,000 or less may not be perfected. 

  

	 	(3)	The Issuer has received all consents and approvals required by the terms of the Pool Receivables to the pledge of a security interest in the Pool Receivables hereunder to the Indenture Trustee (for the benefit of the
Noteholders). 

  

	 	(ii)	Creation. The Issuer owns and has good and marketable title to the Collateral free and clear of any Lien of any Person, excepting other Permitted Liens and liens for taxes, assessments or similar governmental
charges or levies that are not yet due and payable or as to which any applicable grace period shall not have expired, or that are being contested in good faith by proper proceedings and for which adequate reserves have been established in accordance
with GAAP, but only so long as foreclosure with respect to such a Lien is not imminent and the use and value of the property to which the Lien attaches is not impaired during the pendency of such proceeding. 


 

	 	(iii)	Perfection. 

  

	 	(1)	The Issuer has caused or commenced procedures for the filing of all appropriate financing statements in the proper filing office in the appropriate jurisdictions under Applicable Law and taken all other action or
commenced procedures necessary in order to perfect (i) the sale of the Collateral from the Depositor to the Issuer, and (ii) the first priority security interest in the Collateral granted to the Indenture Trustee (for the benefit of the
Noteholders) hereunder (provided, that no representation is made herein with respect to creation, ownership or perfection of any security interest in goods or other assets pledged by an Obligor (other than the Equipment); provided,
however, that the security interest in Equipment with an aggregate invoiced cost of $25,000 or less may not be perfected. 

  

	 	(2)	With respect to the Collection Account and the Reserve Account, the Issuer has taken all steps or commenced procedures necessary to cause the Indenture Trustee (for the benefit of the Noteholders) to become the account
holder of such accounts. 

  

	 	(iv)	Priority. 

  

	 	(1)	 Other than the transfer of the Sold Assets (as defined in the Purchase Agreement) from the Originator to the Depositor under the Purchase




  
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Agreement and the transfer of the Sold Assets (as defined in the Sale and Servicing Agreement) from the Depositor to the Issuer under the Sale and Servicing Agreement and the security interest
granted to the Indenture Trustee (for the benefit of the Noteholders) pursuant to this Indenture, the Issuer has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Collateral. The Issuer has not authorized
the filing of, nor is aware of any financing statements against the Issuer, the Depositor or the Originator that include a description of collateral covering the Collateral other than any financing statement relating to the transfer of Sold Assets
under the Purchase Agreement and the transfer of Sold Assets under the Sale and Servicing Agreement or the security interest granted to the Indenture Trustee (for the benefit of the Noteholders) hereunder or that has been or is being terminated in
connection with the execution of this Indenture. The Issuer is not aware of any judgment or tax lien filings against the Issuer. Accordingly, the Indenture Trustee holds a first priority perfected security interest in all of the Collateral.


  

	 	(2)	With respect to Collateral which constitute “tangible chattel paper” or “instruments” within the meaning of the applicable UCC, the Custodian, as agent for the Issuer, has in its possession all
original copies of the instruments that constitute or evidence the Collateral and the Issuer has received a written acknowledgement from the Custodian that the Custodian is holding such Collateral solely on behalf of and for the benefit of the
Indenture Trustee (for the benefit of the Noteholders). The Contracts and instruments that constitute or evidence the Collateral do not have any marks or notation indicating that they have been pledged, assigned or otherwise conveyed to any Person
other than the Indenture Trustee (for the benefit of the Noteholder). All financing statements filed or to be filed against the Issuer in favor of the Indenture Trustee (for the benefit of the Noteholder) in connection herewith describing the
Collateral contain a statement to the following effect: “A purchase of or security interest in any collateral described in this financing statement which is not permitted under this Indenture will violate the rights of the Indenture Trustee
(for the benefit of the Noteholders).” 

  

	 	(v)	Survival of Perfection Representations. Notwithstanding any other provision of this Indenture or any other Transaction Document, the Perfection Representations shall be continuing, and remain in full force and
effect, until the occurrence of the Maturity Date for all Classes. 

  

	 	(vi)	No Waiver. The Issuer: (i) shall not, without obtaining the consent of the Indenture Trustee waive any of the Perfection Representations; (ii) shall provide the Indenture Trustee and each Rating Agency
with prompt written notice of any breach of these perfection representations, and shall not, without obtaining the consent of the Indenture Trustee waive a breach of any of these perfection representations. 


  
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	 	(t)	Rule 17g-5. Each of CCG and the Issuer has complied with the representations, certifications and covenants made by each of them to each Rating Agency in connection with the engagement of each Rating Agency to
issue and monitor a credit rating on the Notes, including any certification provided to each Rating Agency in connection with Rule 17g-5(a)(iii) of the Exchange Act (“Rule 17g- 5”). CCG and the Issuer are the parties responsible for
compliance with Rule 17g-5 in connection with the issuance and monitoring of the credit ratings on the Notes. 

  

	 	(u)	Compliance with Law. It has complied with all Applicable Laws to which it may be subject (including, without limitation, laws, rules and regulations relating to truth in lending, fair credit billing, fair credit
reporting, equal credit opportunity, fair debt collection practices and privacy) except where the failure to comply would not have a Material Adverse Effect. 

  

	 	(v)	Schedule of Pool Receivables. The schedule of Pool Receivables listed on Schedule I hereto is true and correct as of the date hereof. 


ARTICLE VI 
 COVENANTS 

Section 6.1. Affirmative Covenants of the Issuer. At all times from the Closing Date to the latest Maturity Date for any Class,
unless the Noteholders shall otherwise consent in writing, the Issuer hereby covenants and agrees with the Noteholders and the Indenture Trustee: 
  

	 	(a)	Payment of Principal and Interest. The Issuer will duly and punctually pay the principal of and interest on the Notes in accordance with the Notes and this Indenture. Amounts withheld under the Internal Revenue
Code or any State or local tax law by any Person from a payment to any Noteholder will be considered as having been paid by the Issuer to such Noteholder. 

  

	 	(b)	Reporting Requirements. On each Determination Date (or, in any event no later than the opening of business on the related Payment Date), the Issuer, or the Servicer on its behalf, shall deliver a monthly Servicer
Report to (i) the Issuer and the Indenture Trustee, (ii) each Rating Agency, and (iii) the Back-up Servicer detailing, among other things, (a) the Servicer’s Tangible Net Worth, calculated as of the end of the preceding
calendar quarter and updated in the second Servicer Report delivered following the end of each calendar quarter and (b) amounts received on the Pool Receivables in respect of the immediately preceding Collection Period and available for payment
on the Payment Date. Upon receipt of the Servicer Report, the Indenture Trustee shall make available such Servicer Report to the Noteholders through the Indenture Trustee’s website, which is initially located at www.usbank.com/abs.



  
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	 	(c)	Compliance Certificate. Together with the financial statements required hereunder, a compliance certificate signed by the Issuer’s or Servicer’s (and, if the Originator is not the Servicer, the
Originator), as applicable, Responsible Officer stating that (1) the attached financial statements have been prepared in accordance with GAAP and accurately reflect the financial condition of the Issuer, Servicer (and, if the Originator is not
the Servicer, the Originator) and its Subsidiaries as applicable and (2) to the best of such Person’s knowledge, no Event of Default or Servicer Default exists, or if any Event of Default or Servicer Default exists, stating the nature and
status thereof. 

  

	 	(d)	Notice of Event of Defaults or Potential Event of Defaults; Etc. (1) As soon as possible and in any event within two (2) Business Days after the Issuer obtains knowledge of the occurrence of an Event of
Default or a potential Event of Default, the Issuer shall provide a statement of a Responsible Officer of the Issuer setting forth details of such Event of Default and the action which the Issuer proposes to take with respect thereto, which
information shall be updated promptly from time to time; (2) promptly and in any event within two (2) Business Days after the Issuer obtains knowledge thereof, notice of any litigation, investigation or Proceeding that may exist at any
time between the Issuer and any Person that could reasonably be expected to result in a Material Adverse Effect or any litigation or Proceeding relating to any Transaction Document; and (3) promptly and in any event within two (2) Business
Days after the Issuer obtains knowledge thereof, notice of a Material Adverse Effect. 

  

	 	(e)	Change in Credit and Collection Policy. Within five (5) Business Days of the date on which any material amendment to the Credit and Collection Policy is made, the Servicer shall provide the Issuer, each
Rating Agency and the Indenture Trustee with a copy of the Credit and Collection Policy then in effect indicating such change or amendment, provided, however, that no such material amendment or modification to the Credit and Collection Policy shall
be effective without the prior written consent of the Majority Holders. Section 6.3(c) of the Sale and Servicing Agreement provides guidance as regards “material” for this purpose. 


 

	 	(f)	Change in Accountants or Accounting Policy. Promptly, the Issuer shall provide prior notice to the Indenture Trustee of any change in the accountants or material change in the accounting policy of the Issuer.


  

	 	(g)	Other Information. Such other information (including non-financial information) as the Indenture Trustee may from time to time reasonably request with respect to the Originator, the Issuer or any Subsidiary of
the Originator, in order to perform its duties and obligations under this Indenture. 

  

	 	(h)	SEC Filings. Promptly upon the filing thereof, copies of all registration statements and annual, quarterly, monthly or other regular reports which the Servicer (if the Servicer is CCG), or any of its
Subsidiaries, filed with the Securities and Exchange Commission and provided to the Issuer pursuant to the Sale and Servicing Agreement. 


  
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	 	(i)	Conduct of Business; Ownership. The Issuer shall carry on and conduct its business as set forth in the Trust Agreement and do all things necessary to remain duly organized, validly existing and in good standing
as a Delaware statutory trust and maintain all requisite authority to conduct its business in each jurisdiction in which its business is conducted except where failure to have such authority would not have a Material Adverse Effect.


  

	 	(j)	Compliance with Laws, Etc. The Issuer shall comply with all Laws to which it or its respective properties may be subject and preserve and maintain its corporate existence as a Delaware statutory trust, rights,
franchises, qualifications and privileges except where failure to so comply would not have a Material Adverse Effect. 

  

	 	(k)	Furnishing of Information and Inspection of Records. The Issuer shall at any time during regular business hours, upon reasonable notice, as requested, permit the Indenture Trustee to, (i) examine and make
copies of and take abstracts from all books, records and documents (including computer tapes and disks) relating to the Pool Receivables or other Collateral or (ii) visit the offices and properties of the Issuer for the purpose of examining
such materials described in clause (i), and to discuss matters relating to the Collateral or the Issuer’s performance hereunder, under the Pool Receivables and under the other Transaction Documents to which such Person is a party with any of
the officers, directors, or in the presence of an officer, employees or independent public accountants, of the Issuer, having knowledge of such matters. Prior to the occurrence of an Event of Default, such audits shall be limited to one audit per
calendar year and all expenses related to such audit shall be borne by the party conducting the audit. 

  

	 	(l)	Keeping of Records and Books of Account. The Issuer shall maintain and implement administrative and operating procedures (including an ability to recreate records evidencing Contracts in the event of the
destruction of the originals thereof), and keep and maintain, all documents, books, computer tapes, disks, records and other information reasonably necessary or advisable for the collection of all Pool Receivables (including records adequate to
permit the daily identification of substantially all new Contracts and all Collections of and adjustments to each existing Contract). The Servicer may perform the foregoing obligations on behalf of the Issuer. 


 

	 	(m)	Performance and Compliance with Contracts and Credit and Collection Policy. The Issuer shall, at its own expense, timely and fully perform and comply with all material provisions, covenants and other promises
required to be observed by it under the Contracts as is customary for its business practices and the Issuer shall timely and fully comply in all material respects with the Credit and Collection Policy in regard to each Contract. The Servicer may
perform the foregoing obligations on behalf of the Issuer. 

  

	 	(n)	 Instructions to the Obligors. The Issuer shall instruct all Obligors to cause all Collections to be deposited directly to a Lock-Box Account or
to post office 



  
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boxes to which only Lock-Box Banks have access and shall cause all items and amounts relating to such Collections received in such post office boxes to be removed by the applicable Lock-Box Bank
and deposited into a Lock-Box Account on a daily basis. The Servicer may perform the foregoing obligations on behalf of the Issuer. 

  

	 	(o)	Sale Treatment. The Issuer shall not account for, or otherwise treat, the purchase and sale contemplated by the Sale and Servicing Agreement in any manner other than as a sale by the Depositor to the Issuer
(except to the extent otherwise required (i) for United States federal income tax purposes under the Internal Revenue Code or (ii) by the application of consolidated financial reporting principles under GAAP). 


 

	 	(p)	Separate Business; Nonconsolidation. The Issuer shall not (i) engage in any business not permitted by the Trust Agreement or (ii) conduct its business or act in any other manner which is inconsistent
with the Transaction Documents. The officers and directors of the Issuer (as appropriate) shall make decisions with respect to the business and daily operations of the Issuer independent of and not dictated by the Originator or any other controlling
Person except as contemplated by the servicing arrangements under the Transaction Documents. 

  

	 	(q)	Organizational Documents. The Issuer shall only amend, alter, change or repeal the Trust Agreement and any formation documents with the prior written consent of the Indenture Trustee or the Noteholders. The
Issuer shall maintain its organizational documents in conformity with this Indenture, such that its organizational documents, at all times that this Indenture is in effect, provide for not less than three (3) days’ prior written notice to
the Indenture Trustee of the replacement or appointment of any Owner Trustee. 

  

	 	(r)	Ownership Interest, Etc. The Issuer shall, at its expense, take all action necessary or desirable to establish and maintain a perfected security interest in favor of the Indenture Trustee for the benefit of the
Noteholders in the Collateral free and clear of any Lien (other than Permitted Liens), including taking such action to perfect, protect or more fully evidence the security interest of the Indenture Trustee, as the Indenture Trustee may reasonably
request. 

  

	 	(s)	Enforcement of Sale and Servicing Agreement; Amendment to Sale and Servicing Agreement. The Issuer, on its own behalf and on behalf of the Indenture Trustee and the Noteholders, shall promptly enforce all
covenants and obligations of the Depositor and Servicer contained in the Sale and Servicing Agreement. The Issuer shall not, without prior written consent of the Noteholders, give any consents, approvals, directions, notices, waivers or otherwise
take other similar actions under the Sale and Servicing Agreement or cancel, terminate, amend, modify, or supplement the Sale and Servicing Agreement or waive any provision thereof; nor shall the Issuer take any other action under the Sale and
Servicing Agreement; in each case that would have a Material Adverse Effect on the Indenture Trustee or the Noteholders or which would violate the terms of this Indenture. 


  
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	 	(t)	Notes. Until such time as the UCC of each state of the United States is amended in order to permit perfection of security interests in promissory notes and other instruments executed by Obligors in connection
with each Contract by the filing of financial statements under the applicable UCC, (i) the Issuer shall maintain, or cause to be maintained, all of the promissory notes and other instruments evidencing the Contracts in the state of North
Carolina, Illinois, New York and the state in which the Custodian maintains the Custodian Files, except as necessary to enforce any such notes or instruments; and (ii) the Issuer will deliver all such notes and instruments to the Custodian.


  

	 	(u)	Deposits to Collection Account. The Issuer shall not deposit or otherwise credit, or cause or permit to be so deposited or credited, to the Collection Account cash or cash proceeds other than Collections or
Excluded Amounts (or misdirected funds, which shall be removed as soon as practicable) in respect of the Pool Receivables. The Issuer shall at all times direct the Intercreditor Master Agent, and provide written disbursement instructions to the
Intercreditor Master Agent directing it, to disburse funds from the Lock-Box Account which is subject to the Lock-Box Intercreditor Agreement to the Collection Account in accordance with Section 4(f) of the Lock-Box Intercreditor Agreement.


  

	 	(v)	Use of Proceeds. The Issuer will use the proceeds of the Notes only to acquire the Pool Receivables and the Related Security in accordance with the terms of the Sale and Servicing Agreement and to pay expenses
related to such acquisitions and the pledge hereunder. 

  

	 	(w)	Taxes. The Issuer will file all tax returns and reports required by law to be filed by it and will promptly pay all taxes and governmental charges at any time owing by it (other than any amount of tax the
validity of which is currently being contested in good faith by appropriate proceedings and with respect to which reserves in accordance with GAAP have been provided on the books of such the Issuer). 


 

	 	(x)	Insurance. The Issuer will, or will cause the Servicer to, cause the related Obligors to maintain the following types of insurance: with respect to a Pool Receivable that is a lease, liability and property damage
and with respect to a Pool Receivable that is a loan, property damage on the Equipment in accordance commensurate with insurance maintained by companies engaged in similar lines of business. 


 

	 	(y)	Custodian File. By the Closing Date or within ten Business Days following any related Substitution Date, the Issuer, or the Servicer on its behalf, shall cause to be delivered to the Custodian an accurate and
complete Custodian File for each Receivable which was sold or substituted, as applicable, on the Closing Date or Substitution Date. Each Custodian File shall be clearly marked with a Contract number, which shall be used by the Issuer and the
Indenture Trustee to identify such Contract. 


  
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	 	(z)	Rule 17g-5. Each of CCG and the Issuer will comply with the representations, certifications and covenants made by it in the engagement letter with each Rating Agency, including any representation, certification
or covenant provided by it to each Rating Agency in connection with Rule 17g-5, and will make accessible to any non-hired nationally recognized statistical rating organization all information provided by it to each Rating Agency in connection with
the issuance and monitoring of the credit ratings on the Notes in accordance with Rule 17g-5. 

 Section 6.2. Negative
Covenants of the Issuer. At all times from the Closing Date to the latest Maturity Date for any Class, unless the Noteholders shall otherwise consent in writing, the Issuer hereby covenants and agrees with the Indenture Trustee as follows: 

 

	 	(a)	No Sales, Liens, Etc. 

  

	 	(i)	Except as otherwise provided herein, the Issuer shall not sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Lien (other than Permitted Liens) upon, or file any
financing statement with respect to: (1) any of the Collateral, or (2) any inventory or goods (including the Equipment), the sale or lease of which gave rise to a Related Security, or assign any right to receive income in respect thereof;
provided, that the Issuer may substitute Pool Receivables in accordance with Section 3.3 of the Sale and Servicing Agreement; provided, that any Substituted Receivable is an Eligible Receivable as of the related Substitution Date;
and 

  

	 	(ii)	the Issuer shall not issue any security to, or sell, transfer or otherwise dispose of any of its property or other assets (including the property sold to it by the Depositor pursuant to the Sale and Servicing Agreement)
to, any Person other than as otherwise expressly provided for in the Transaction Documents. 

  

	 	(b)	No Subsidiaries, Mergers, Etc. The Issuer shall not consolidate or merge with or into, or sell, lease or transfer all or substantially all of its assets to, any other Person or dissolve or terminate; or create,
acquire, have, maintain or hold or own any equity interest in any other Person; or acquire or own any material assets other than the Collateral. 

  

	 	(c)	Change in Payment Instructions to Obligors. The Issuer shall not add or terminate any bank as a Lock-Box Bank or any account as a Lock-Box Account to or from those listed in Schedule III or make any change in its
instructions to Obligors regarding payments to be made to any Lock-Box Account, unless (i) such instructions are to deposit such payments to another existing Lock-Box Account or to the Collection Account, and (ii) the Indenture Trustee and
the Noteholders shall have received written notice of such addition, termination or change at least thirty (30) days prior thereto and the Noteholders shall not have objected thereto. 


  
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	 	(d)	Change of Name, Etc. The Issuer shall not change its name, identity, jurisdiction of formation or structure (including through a merger) or the location of its chief executive office or any other change which, in
the case of any of the foregoing, could render any UCC financing statement filed in connection with this Indenture or any other Transaction Document to become “seriously misleading” under the applicable UCC or change its jurisdiction of
organization, unless at least thirty (30) days prior to the effective date of any such change the Issuer delivers to the Indenture Trustee such documents, instruments or agreements, executed by the Issuer, as are necessary to reflect such
change and to continue the perfection of the Indenture Trustee’s security interests in the Collateral. The Issuer will not become or seek to become organized under the laws of more than one jurisdiction. 


 

	 	(e)	Other Debt. Except as provided herein, the Issuer shall not create, incur, assume or suffer to exist any Indebtedness or any other liability (whether direct or contingent, including guaranteeing any obligation),
whether current or funded, other than (i) Indebtedness of the Issuer representing fees, expenses and indemnities arising hereunder or under the Sale and Servicing Agreement or for the purchase price of the Pool Receivables and other Collateral
under the Sale and Servicing Agreement, or (ii) taxes and expenses incurred in the ordinary course of business. 

  

	 	(f)	Payment to the Depositor. The Issuer shall not purchase any Pool Receivable other than through, under, and pursuant to the terms of, the Sale and Servicing Agreement. 


 

	 	(g)	Restricted Payments. The Issuer shall not (i) lend or advance any funds or (ii) repay any loans or advances to, for or from any Person. 


ARTICLE VII 
 EVENT OF DEFAULT 

Section 7.1. Event of Default. The occurrence of any one or more of the following events shall constitute an “Event of
Default”: 
  

	 	(a)	failure of the Issuer to pay interest due on any of the Class A Notes, or if no Class of Class A Notes is Outstanding, the Class B Notes in accordance with Section 4.5(a) when the same becomes due and
payable on each Payment Date, and such failure continues for a period of five (5) Business Days or more after the related Payment Date; 

  

	 	(b)	failure of the Issuer to pay the Note Balance of any Note by the applicable Maturity Date or on any Payment Date on which the Notes are to be redeemed in full pursuant to Section 3.13; 


 

	 	(c)	the occurrence of an Event of Bankruptcy with respect to the Issuer; 


  
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	 	(d)	the Issuer becomes an “investment company” within the meaning of the Investment Company Act of 1940, as amended; and 

  

	 	(e)	any representation or warranty made by the Issuer in this Indenture incorrect in any material respect when made and continues to be incorrect in any material respect, or the Issuer breaches any covenant of the Issuer in
this Indenture and such breach continues, in each case, for a period of 60 days after written notice from the Indenture Trustee or the Majority Holders and as a result of which the Majority Holders’ interests are materially and adversely
affected; provided, that, the Indenture Trustee shall not be obligated to determine materiality for purposes of this Section 7.1(e). 


Section 7.2. Acceleration Following Event of Default. 
  

	 	(a)	Upon the occurrence of an Event of Default, the Indenture Trustee may and, at the written direction of holders of at least 66.67% of the Note Balance of the Controlling Class, shall, by notice to the Issuer, declare all
amounts due under the Notes and all accrued interest thereof, immediately due and payable. If an Event of Default specified in Section 7.1(c) occurs, all unpaid principal of and accrued and unpaid interest on the Notes, and all other amounts
payable under this Indenture, will automatically become due and payable without any declaration or other act on the part of the Indenture Trustee or any Noteholder. Upon any such declaration or automatic acceleration, the Indenture Trustee will
promptly notify each Noteholder and each Qualified Institution (if not the Indenture Trustee) maintaining a Bank Account. 

  

	 	(b)	Upon any such declaration, the Indenture Trustee shall have, in addition to all other rights and remedies under this Indenture or otherwise, all other rights and remedies provided under the UCC of the applicable
jurisdiction and other Applicable Laws, including, without limitation, the right to liquidate and realize on the Collateral or any portion thereof or rights or interest therein, at one or more sales called and conducted in any manner permitted by
law. However, the Indenture Trustee is prohibited from selling the Collateral or any portion thereof following an Event of Default and acceleration of the maturity of the Notes (unless such Event of Default relates to a default described in Sections
7.1(a) and (b) and the holders of at least 66.67% of the Note Balance of the Controlling Class consent to or direct the Indenture Trustee in writing to make such sale, or the proceeds of such sale would not be less than the sum of all amounts
due under the Indenture), unless (i) the holders of all the Outstanding Notes consent to the sale, (ii) the anticipated proceeds of the sale are sufficient to pay in full the principal of and the accrued interest on the Notes at the date
of such sale or (iii) the Indenture Trustee determines that the proceeds of the Collateral would not be sufficient on an ongoing basis to make all payments on the Notes as those payments would have become due if those obligations had not been
declared due and payable, and the Indenture Trustee obtains the consent of the holders of at least 66.67% of the Note Balance of the Notes. 


  
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	 	(c)	Holders of at least 66.67% of the Note Balance of the Controlling Class, by written notice to the Issuer and the Indenture Trustee, may rescind and annul the declaration of acceleration of maturity and its consequences
before a judgment or decree for payment of the amount due has been obtained by the Indenture Trustee if: 

  

	 	(i)	the Issuer has paid or deposited with the Indenture Trustee an amount sufficient to (A) pay all payments of principal of and interest on the Notes and all other amounts that would then be due under this Indenture
or upon the Notes if the Event of Default giving rise to such acceleration had not occurred, (B) pay all amounts owed to the Indenture Trustee and (C) pay all other outstanding fees and expenses of the Noteholder; and 


 

	 	(ii)	all Events of Default, other than the nonpayment of principal of the Notes that has become due solely by such acceleration, have been cured or waived as provided by Section 7.14. 


No rescission will affect any subsequent default or impair any right resulting from such rescission. 

Section 7.3. Collection of Indebtedness by the Indenture Trustee. 

 

	 	(a)	The Issuer covenants that if an Event of Default under Section 7.1(a) or (b) occurs and continues, the Issuer, upon demand of the Indenture Trustee, will pay to the Indenture Trustee for the benefit of the
Noteholders, such overdue amount with interest on any overdue principal at the applicable Note Rate and, to the extent lawful, with interest on any overdue interest at the applicable Note Rate. In addition, the Issuer covenants to pay, or to cause
the Servicer to pay, the costs and expenses of collection, including all amounts owed to the Indenture Trustee under Section 8.7. 

  

	 	(b)	If the Issuer fails to pay such amounts upon such demand, the Indenture Trustee, in its own name and as trustee of an express trust, may institute a Proceeding for the collection of the sums so due and unpaid, and may
prosecute such Proceeding to judgment or final decree, and may enforce the same against the Issuer and collect the monies adjudged or decreed to be payable in the manner provided by law out of the Collateral. 


Section 7.4. Trustee May File Proofs of Claim. 
  

	 	(a)	In case there is pending, relative to the Issuer, Proceedings under the Bankruptcy Code or any other federal or State bankruptcy, insolvency or other similar law, or in case a trustee, liquidator, receiver or similar
official has been appointed for or taken possession of the Issuer or its property, the Indenture Trustee, irrespective of whether the Indenture Trustee has made any demand pursuant to Section 7.3, may: 


 

	 	(i)	file and prove a claim or claims for the whole amount of principal and interest owing and unpaid in respect of the Notes and file such other papers or documents as may be necessary or advisable in order to have the
claims of the Indenture Trustee on behalf of the Noteholders allowed in such Proceedings (including any amounts due to the Indenture Trustee pursuant to Section 8.7); 


  
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	 	(ii)	unless prohibited by applicable law, vote on behalf of the Noteholders in any election of a trustee, a standby trustee or a Person performing similar functions in any such Proceedings; 


 

	 	(iii)	collect and receive any monies or other property payable or deliverable on any such claims and pay all amounts received with respect to the claims of the Noteholders, including such claims asserted by the Indenture
Trustee on their behalf; and 

  

	 	(iv)	file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Indenture Trustee or the Noteholders allowed in any judicial proceedings relative to the
Issuer, its creditors and its property. 

 Any trustee, liquidator, receiver or similar official in any such Proceeding is authorized by each
Noteholder to make payments to the Indenture Trustee and, if the Indenture Trustee consents to the making of payments directly to such Noteholders, to pay to the Indenture Trustee an amount sufficient to cover all amounts owed to the Indenture
Trustee under Section 8.7. 
  

	 	(b)	Except as provided in Section 7.4(a)(ii), this Indenture does not authorize the Indenture Trustee to authorize or consent to or vote for or accept or adopt on behalf of any Noteholder any plan of reorganization,
arrangement, adjustment or composition affecting the Notes or the rights of any Noteholder to authorize the Indenture Trustee to vote in respect of the claim of any Noteholder in any such Proceeding. 


Section 7.5. Trustee May Enforce Claims Without Possession of Notes. 

 

	 	(a)	All rights of action and claims under this Indenture, or under any of the Notes, may be enforced by the Indenture Trustee without the possession of any of the Notes or the production of any of the Notes in any
Proceeding relative to any of the Notes, and any such Proceeding instituted by the Indenture Trustee will be brought in its own name as trustee of an express trust, and any recovery of judgment, subject to the amounts owed to the Indenture Trustee
under Section 8.7, will be for the benefit of the Noteholders in respect of which such judgment has been recovered. 

  

	 	(b)	In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the
Noteholders, and it will not be necessary to make any Noteholder a party to any such Proceeding. 


  
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 Section 7.6. Remedies; Priorities 

 

	 	(a)	If the Notes have been accelerated under Section 7.2(a) the Indenture Trustee may do one or more of the following (subject to Section 7.7), and will upon written direction of the Majority Holders:


  

	 	(i)	institute a Proceeding in its own name and as trustee of an express trust for the collection of all amounts then payable on the Notes or under this Indenture with respect to the Notes, enforce any judgment obtained and
collect from the Issuer monies adjudged due; 

  

	 	(ii)	institute a Proceeding for the complete or partial foreclosure of this Indenture with respect to the Collateral; 

  

	 	(iii)	exercise any remedies of a secured party under the applicable UCC and take any other action to protect and enforce the rights and remedies of the Indenture Trustee and the Noteholders; and 


 

	 	(iv)	sell or otherwise liquidate the Collateral or any portion of the Collateral or rights or interest in the Collateral at one or more public or private sales called and conducted in any manner permitted by law.


  

	 	(b)	Any money or property collected by the Indenture Trustee following the occurrence of an Event of Default and an acceleration of the unpaid principal amount of the Notes, will be deposited into the Collection Account for
distribution in accordance with Section 4.5(b) on the Payment Date following the Collection Period during which such amounts are collected. 

  

	 	(c)	Upon any sale or liquidation of the Collateral described in this Section 7.6, the Indenture Trustee will provide the Servicer with a right of first refusal to purchase such Collateral and the Servicer may purchase
such Collateral for an amount equal to the aggregate principal balance of the Pool Receivables, provided, that such amount is sufficient to pay in full all amounts owed by the Issuer to the Noteholders including all principal of and accrued
interest on the Note Balance. 

 Section 7.7. Optional Preservation of the Collateral. 

If the Notes have been accelerated under Section 7.2(a) and such declaration and its consequences have not been rescinded and annulled in
accordance with Section 7.2(b), the Indenture Trustee may elect to maintain possession of the Collateral. It is the intention of the parties to this Indenture and the Noteholders that there at all times be sufficient funds for the payment of
principal of and interest on the Notes. The Indenture Trustee will take such intention into account when determining whether or not to maintain possession of the Collateral. In determining whether to maintain possession of the Collateral, the
Indenture Trustee may (at the expense of the Issuer) obtain and rely upon an opinion of a nationally recognized independent investment banking firm or firm of certified public accountants as to the feasibility of such proposed action and as to the
sufficiency of the Collateral for such purpose; provided, that the Indenture Trustee shall act at all times at the written direction of holders of at least 66.67% of the Note Balance of the Controlling Class. 

  
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 Section 7.8. Limitation of Suits 

 

	 	(a)	No Noteholder has any right to institute any Proceeding with respect to this Indenture or for the appointment of a receiver or trustee, or for any other remedy under this Indenture, unless: 


 

	 	(i)	such Noteholder has given notice to the Indenture Trustee of a continuing Event of Default; 

  

	 	(ii)	the Noteholders of at least 25% of the Note Balance of the Controlling Class have requested the Indenture Trustee to institute such Proceeding in respect of such Event of Default in its own name as Indenture Trustee
under this Indenture and offered indemnity satisfactory to the Indenture Trustee; 

  

	 	(iii)	the Indenture Trustee has not received a direction not to take legal action from the Noteholders of at least 25% of the Note Balance of the Controlling Class; and 


 

	 	(iv)	the Indenture Trustee has failed to institute such Proceedings for 60 days after its receipt of such notice, request and offer of indemnity. 


 

	 	(b)	No Noteholder has any right to affect, disturb or prejudice the rights of any other Noteholder or to obtain or to seek to obtain priority or preference over any other Noteholder or to enforce any right under this
Indenture, except in the manner provided in this Indenture. 

 Section 7.9. Unconditional Rights of Noteholders to
Receive Principal and Interest. Notwithstanding any other provision in this Indenture, each Noteholder has an absolute and unconditional right to receive payment of principal of and any interest on its Note on or after the respective due dates
expressed in such Note or in this Indenture (or, in the case of redemption, on or after the date of redemption) in accordance with the provisions of this Indenture and of the other Transaction Documents and to institute a Proceeding for the
enforcement of any such payment in accordance with Section 7.8. Such rights may not be impaired or affected without the consent of such Noteholder. 

Section 7.10. Restoration of Rights and Remedies. If the Indenture Trustee or any Noteholder has instituted any Proceeding to
enforce any right or remedy under this Indenture and such Proceeding has been discontinued or abandoned for any reason or has been determined adversely to the Indenture Trustee or to such Noteholder, then the Issuer, the Indenture Trustee and the
Noteholders, subject to any determination in such Proceeding, will be restored severally and respectively to their former positions under this Indenture, and thereafter all rights and remedies of the Indenture Trustee and the Noteholders will
continue as though no such Proceeding had been instituted. 

  
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 Section 7.11. Rights and Remedies Cumulative. No right or remedy conferred upon or
reserved to the Indenture Trustee or to the Noteholders in this Indenture is intended to be exclusive of any other right or remedy, and every right and remedy, to the extent permitted by law, will be cumulative and in addition to every other right
and remedy given under this Indenture or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy under this Indenture, or otherwise, will not prevent the concurrent assertion or employment of
any other appropriate right or remedy. The Indenture Trustee’s right to seek and recover judgment on the Notes or under this Indenture will not be affected by the seeking, obtaining or application of any other relief under or with respect to
this Indenture. Neither the Lien of this Indenture nor any rights or remedies of the Indenture Trustee or the Noteholders will be impaired by the recovery of any judgment by the Indenture Trustee against the Issuer or by the levy of any execution
under such judgment upon any portion of the Collateral or upon any of the assets of the Issuer. 
 Section 7.12. Delay or Omission
Not a Waiver. No delay or omission of the Indenture Trustee or any Noteholder to exercise any right or remedy accruing upon any potential Event of Default or Event of Default will impair any such right or remedy, or constitute a waiver of any
such potential Event of Default or Event of Default. Every right and remedy conferred by this Article VII or by law to the Indenture Trustee or to the Noteholders may be exercised from time to time, and as often as may be deemed expedient, by the
Indenture Trustee or by the Noteholders, as the case may be. 
 Section 7.13. Control by Noteholders. The Majority Holders have
the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any trust or power conferred on the Indenture Trustee; provided, that: 

 

	 	(a)	such direction does not conflict with any law or with this Indenture; and 

  

	 	(b)	the Indenture Trustee may take any other action deemed proper by the Indenture Trustee that is not inconsistent with such direction from the Majority Holders. 


Unless the context otherwise requires, any reference herein, or in any other Transaction Document to the direction, request or consent of “the
Noteholders” shall be construed as referencing the Majority Holders. 
 Section 7.14. Waiver of Defaults and Events of
Default. 
  

	 	(a)	The Majority Holders may waive any potential Event of Default or Event of Default and its consequences described in Sections 7.1(d) and (e). 


 

	 	(b)	Upon any such waiver, such potential Event of Default or Event of Default will be deemed not to have occurred for every purpose of this Indenture. No such waiver will extend to any other potential Event of Default or
Event of Default or impair any right relating to any other potential Event of Default or Event of Default. 


  
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 Section 7.15. Undertaking for Costs 

All parties to this Indenture agree, and each Noteholder by such Noteholder’s acceptance of a Note will be deemed to have agreed, that a
court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Indenture Trustee for any action taken, suffered or omitted by it as Indenture Trustee, the filing by any
party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit. This
Section 7.15 will not apply to (a) any suit instituted by the Indenture Trustee (at the written direction of holders of at least 66.67% of the Note Balance of the Controlling Class), (b) any suit instituted by any Noteholder or group
of Noteholders holding more than 10% of the Note Balance, or (c) any suit instituted by any Noteholder for the enforcement of the payment of principal of or interest on any Note on or after the respective due dates expressed in such Note and in
this Indenture (or, in the case of redemption, on or after the date that the Notes are redeemed pursuant to Section 3.13). 

Section 7.16. Waiver of Stay or Extension Laws. The Issuer covenants (to the extent that it may lawfully do so) that it will not
insist upon, or plead or in any manner whatsoever, claim or take the benefit or advantage of, any stay or extension that may affect the covenants or the performance of this Indenture, and the Issuer (to the extent that it may lawfully do so) waives
all benefit or advantage of any such law, and covenants that it will not hinder, delay or impede the execution of any power in this Indenture granted to the Indenture Trustee, but will suffer and permit the execution of every such power as though no
such law had been enacted. 
 Section 7.17. Performance and Enforcement of Certain Obligations. 

 

	 	(a)	At the Servicer’s expense, the Issuer will promptly take all such lawful action as the Indenture Trustee may request to (i) compel the performance by (A) the Depositor and the Servicer of their
obligations to the Issuer under the Sale and Servicing Agreement, or (B) the Depositor and the Originator of their obligations under the Purchase Agreement and (ii) exercise any and all rights, remedies, powers, privileges and claims
lawfully available to the Issuer under such agreements to the extent and in the manner directed by the Indenture Trustee. 

  

	 	(b)	If an Event of Default has occurred and is continuing, the Indenture Trustee may, and at the written direction of holders of at least 66.67% of the Note Balance of the Controlling Class shall, exercise all rights,
remedies, powers, privileges and claims of the Issuer against (i) the Depositor or the Servicer under the Sale and Servicing Agreement, or (ii) the Depositor or the Originator under the Purchase Agreement, including the right or power to
take any action to compel or secure performance or observance by such Persons of their obligations to the Issuer under such agreements, and to give any consent, request, notice, direction, approval, extension or waiver under such agreements, and any
right of the Issuer to take such action will be suspended. 

 Section 7.18. Power of Attorney. The Issuer hereby
authorizes the Indenture Trustee, and irrevocably appoints the Indenture Trustee, during the existence of a Default or an Event of Default, as its attorney-in-fact with full power of substitution and with full authority in the place and stead of the
Issuer which appointment is coupled with an interest, to take any and all steps in 

  
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the name of the Issuer as necessary or desirable, in the determination of the Indenture Trustee, to collect any and all amounts or portions thereof due under any and all Pool Receivables or
Related Security, including endorsing the name of the Issuer on checks and other instruments representing Collections and enforcing such Pool Receivables and Related Security. Notwithstanding anything to the contrary contained in this subsection
(b), none of the powers conferred upon such attorney-in-fact pursuant to the immediately preceding sentence shall subject such attorney-in-fact to any liability if any action taken by it shall prove to be inadequate or invalid, nor shall they confer
any obligations upon such attorney-in-fact in any manner whatsoever. 
 ARTICLE VIII 

THE INDENTURE TRUSTEE 

Section 8.1. Duties of Indenture Trustee. 
  

	 	(a)	If an Event of Default has occurred and the Notes have been accelerated under Section 7.2(a), the Indenture Trustee will exercise the rights and powers vested in it by this Indenture and use the same degree of care
and skill in their exercise as a prudent Person would use under the circumstances in the conduct of such Person’s own affairs. 

  

	 	(b)	Except during the continuance of an Event of Default and an acceleration of the Notes under Section 7.2(a): 

  

	 	(i)	the Indenture Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture and no implied covenants or obligations are to be read into this Indenture against the
Indenture Trustee; and 

  

	 	(ii)	in the absence of bad faith on its part, the Indenture Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions furnished to it, upon any certificates or opinions furnished to
it and, if required by the terms of this Indenture, conforming to the requirements of this Indenture; provided, that the Indenture Trustee will examine any such certificates and opinions to determine whether or not they conform to the
requirements of this Indenture. 

  

	 	(c)	The Indenture Trustee will not be relieved from liability for its own willful misconduct, negligent action or negligent failure to act, except that: 


 

	 	(i)	this Section 8.1(c) does not limit the effect of Section 8.1(b); 

  

	 	(ii)	the Indenture Trustee will not be liable for any error of judgment made in good faith by a Responsible Officer unless it is proved that the Indenture Trustee was negligent in ascertaining the pertinent facts; and


  

	 	(iii)	the Indenture Trustee will not be liable for any action it takes or omits to take in good faith in accordance with a written direction received by it pursuant to Sections 7.13 and 7.17(b). 


  
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	 	(d)	The Indenture Trustee will not be liable for interest on any money received by it except in accordance with this Indenture. 

  

	 	(e)	Money held in trust by the Indenture Trustee need not be segregated from other funds except to the extent required by law, this Indenture or the Sale and Servicing Agreement. 


 

	 	(f)	Every provision of this Indenture relating to the conduct of, affecting the liability of or affording protection to the Indenture Trustee is subject to this Section 8.1. 


 

	 	(g)	The Indenture Trustee will not be charged with knowledge of any Event of Default or potential Event of Default unless either (i) a Responsible Officer of the Indenture Trustee has actual knowledge of such Event of
Default or potential Event of Default or (ii) notice of such Event of Default or potential Event of Default has been given to the Indenture Trustee in accordance with this Indenture. 


Section 8.2. Rights of Indenture Trustee. 
  

	 	(a)	The Indenture Trustee may rely and will be protected in acting or refraining from acting upon any certificate, instrument, opinion, report, notice, request, direction, consent or other document believed by it to be
genuine and appears on its face to be properly executed and signed or presented by the proper Person. The Indenture Trustee need not investigate any fact or matters stated in any such document. 


 

	 	(b)	Before the Indenture Trustee acts or refrains from acting, it may require an Officer’s Certificate or an Opinion of Counsel. The Indenture Trustee will not be liable for any action it takes or omits to take in good
faith in reliance on an Officer’s Certificate or Opinion of Counsel. 

  

	 	(c)	The Indenture Trustee may exercise any of its rights or powers under this Indenture or perform any duties under this Indenture either directly or by or through agents or attorneys or a custodian or nominee, and the
Indenture Trustee will not be responsible for any misconduct or negligence on the part of, or for the supervision of, any such agent, counsel, custodian or nominee appointed with due care by it under this Indenture. 


 

	 	(d)	The Indenture Trustee will not be liable for any action it takes or omits to take in good faith which it believes to be authorized or within its rights or powers if such action or omission by the Indenture Trustee does
not constitute negligence. 

  

	 	(e)	The Indenture Trustee may consult with counsel, and the advice or opinion of counsel with respect to legal matters relating to this Indenture and the Notes will be full and complete authorization and protection from
liability with respect to any action taken or not taken by the Indenture Trustee under this Indenture in good faith and in accordance with the advice or opinion of such counsel. 


  
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	 	(f)	The Indenture Trustee is under no obligation to (i) exercise any of the rights or powers vested in it by this Indenture or to expend or risk its own funds or otherwise incur financial liability in the performance
of its duties under this Indenture (including its duties pursuant to Section 8.1(a)) if it has reasonable grounds to believe that repayment of funds advanced by it or adequate indemnity satisfactory to it against such risk or liability is not
reasonably assured to it or (ii) honor the request or direction of any of the Noteholders pursuant to this Indenture unless such Noteholders have offered to the Indenture Trustee reasonable security or indemnity satisfactory to it from and
against the reasonable costs, expenses, disbursements, advances and liabilities that might be incurred by the Indenture Trustee, or its agents, counsel, accountants and experts, in complying with such request or direction. 


 

	 	(g)	The Indenture Trustee will not be responsible or liable for any failure or delay in the performance of its obligations under this Indenture arising out of or caused by, directly or indirectly, forces beyond its control,
including strikes, work stoppages, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, but the Indenture Trustee will use reasonable efforts
which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

  

	 	(h)	The Indenture Trustee will not be responsible or liable for special, indirect, or consequential loss or damage of any kind whatsoever (including loss of profit) irrespective of whether the Indenture Trustee has been
advised of the likelihood of such loss or damage and regardless of the form of action. 

 Section 8.3. Individual
Rights of Indenture Trustee. The Indenture Trustee, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with the Issuer or any of its Affiliates with the same rights it would have if it were
not Indenture Trustee. Any Note Paying Agent, Note Registrar, co-registrar or co-paying agent under this Indenture may do the same with like rights. 

Section 8.4. Indenture Trustee’s Disclaimer. The Indenture Trustee (a) will not be responsible for, and makes no
representation or warranty as to, the validity or adequacy of this Indenture or the Notes and (b) will not be accountable for the Issuer’s use of the proceeds from the Notes, or responsible for any statement of the Issuer in this Indenture
or in any document issued in connection with the sale of the Notes or in the Notes other than the Indenture Trustee’s certificate of authentication. 

Section 8.5. Notice of Defaults. Within 90 days of a Responsible Officer of the Indenture Trustee obtaining actual knowledge of,
or receiving notice of, any potential Event of Default under this Indenture, the Indenture Trustee will mail to each Noteholder, notice of such default, unless such potential Event of Default has been cured or waived; provided, that (a)


  
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except in the case of a potential Event of Default in the payment of principal of or interest on any Note, the Indenture Trustee may withhold such notice if and so long as a committee of its
Responsible Officers in good faith determines that the withholding of such notice is in the interests of the Noteholders. 

Section 8.6. Reports by Indenture Trustee. 
  

	 	(a)	Upon delivery to the Indenture Trustee by the Servicer of the information prepared by the Servicer pursuant to Section 3.7 of the Sale and Servicing Agreement to enable each Noteholder to prepare its federal and
State income tax returns, the Indenture Trustee will make available the relevant portions of such information to each Noteholder of record as of the most recent Record Date (which delivery may be made by making such information available to the
Noteholders through the Indenture Trustee’s website, which initially is located at www.usbank.com/abs). 

  

	 	(b)	On each Payment Date, the Indenture Trustee will deliver the Servicer Report to each Noteholder of record as of the most recent Record Date through the Indenture Trustee’s website, which initially is located at
www.usbank.com/abs. 

  

	 	(c)	If requested in writing by the Depositor or the Servicer, the Indenture Trustee will deliver to the Depositor, the Owner Trustee, and the Servicer on or before April 1 of each year, beginning in the year after the
Closing Date, an Officer’s Certificate, dated as of December 31 of the preceding calendar year, signed by a Responsible Officer of the Indenture Trustee (i) to the effect that (A) a review of the Indenture Trustee’s
activities during the preceding calendar year (or, in the case of the first certificate, the portion of the preceding calendar year since the Closing Date) and of its performance under this Indenture has been made under such Responsible
Officer’s supervision and (B) to such Responsible Officer’s knowledge, based on such review, the Indenture Trustee has fulfilled in all material respects all of its obligations under this Indenture throughout such calendar year (or,
in the case of the first certificate, the portion of the preceding calendar year since the Closing Date), or, if there has been a failure to fulfill any such obligation in any material respect, specifically identifying each such failure known to
such Responsible Officer and the nature and status of such failure and (ii) certifying to matters related to the Indenture Trustee as required under Form 10-K under the Exchange Act. 


If the parties to this Indenture determine to further clarify or amend Section 8.6(c), this Indenture may be amended to reflect the new
agreement between the parties covering matters in Section 8.6(c) pursuant to Section 9.1(a), which amendment will not require the delivery of any Opinions of Counsel. 

Section 8.7. Compensation and Indemnity. 

The Issuer will pay the Indenture Trustee as compensation for the Indenture Trustee’s services under this Indenture such fees as have
been separately agreed upon on the date of this 

  
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Indenture between the Issuer and the Indenture Trustee. The Indenture Trustee’s compensation will not be limited by any law on compensation of a trustee of an express trust. The Issuer will
reimburse the Indenture Trustee for all reasonable out-of-pocket expenses incurred or made by the Indenture Trustee, including costs of collection, and the reasonable compensation, expenses and disbursements of the Indenture Trustee’s agents,
counsel, accountants and experts, but excluding any expenses incurred by the Indenture Trustee through the Indenture Trustee’s willful misconduct, bad faith or negligence (except for errors in judgment). 

 

	 	(a)	The Issuer will, or will cause the Servicer to, indemnify, defend and hold harmless the Indenture Trustee, and its respective officers, directors, employees and agents, from and against any and all costs, expenses,
losses, damages, claims and liabilities (including the reasonable compensation, expenses and disbursements of the Indenture Trustee’s agents, counsel, accountants and experts) incurred by it in connection with the administration of and the
performance of its duties under this Indenture, including the costs and expenses of defending itself against any loss, damage, claim or liability incurred by it in connection with the exercise or performance of any of its powers or duties under this
Indenture, but excluding any cost, expense, loss, damage, claim or liability (i) incurred by the Indenture Trustee through the Indenture Trustee’s willful misconduct, bad faith or negligence (except for errors in judgment) or
(ii) arising from the Indenture Trustee’s breach of any of its representations or warranties set forth in this Indenture. 

  

	 	(b)	Promptly upon receipt by the Indenture Trustee, or any of its officers, directors, employees and agents (each, an “Indemnified Person”), of notice of the commencement of any Proceeding against any such
Indemnified Person, such Indemnified Person will, if a claim in respect of such Proceeding is to be made under Section 8.7(b), notify the Issuer and the Servicer of the commencement of such Proceeding. Failure by the Indenture Trustee to so
notify the Issuer and the Servicer will not relieve the Issuer or the Servicer of its obligations under this Section 8.7; provided, that neither the Issuer nor the Servicer has been materially prejudiced by such failure to so notify and
notice is given within 180 days of a Responsible Officer of the Indenture Trustee learning of such Proceeding. The Issuer, or, if Issuer so causes, the Servicer, may participate in and assume the defense and settlement of any such Proceeding at its
expense, and no settlement of such Proceeding may be made without the approval of the Issuer or the Servicer, as applicable, and such Indemnified Person, which approvals will not be unreasonably withheld, delayed or conditioned. After notice from
the Issuer or the Servicer, as applicable, to the Indemnified Person of the intention of the Issuer or the Servicer, as applicable, to assume the defense of such Proceeding with counsel reasonably satisfactory to the Indemnified Person, and so long
as the Issuer or the Servicer, as applicable, so assumes the defense of such Proceeding in a manner reasonably satisfactory to the Indemnified Person, neither the Issuer nor the Servicer will be liable for any legal expenses of counsel to the
Indemnified Person unless there is a conflict between the interests of the Issuer or the Servicer, as applicable, on one hand, and an Indemnified Person, on the other hand, in which case the Issuer or the Servicer, will pay for the separate counsel
to the Indemnified Person. 


  
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	 	(c)	The payment obligations of the Issuer and the Servicer, to the Indenture Trustee pursuant to this Section 8.7 will survive the resignation or removal of the Indenture Trustee and the discharge of this Indenture.
Notwithstanding anything else set forth in this Indenture or the Transaction Documents, the Indenture Trustee agrees that the obligations of the Issuer (but not the Servicer) to the Indenture Trustee hereunder and under the Transaction Documents
shall be recourse to the Owner Trust Estate only and specifically shall not be recourse to the assets of the Certificateholder or any Noteholder. In addition, the Indenture Trustee agrees that its recourse to the Issuer, the Owner Trust Estate and
the Certificateholder shall be limited to the right to receive the distributions referred to in Sections 4.5(a) and (b) of this Indenture. 


Section 8.8. Replacement of Indenture Trustee. 
  

	 	(a)	No resignation or removal of the Indenture Trustee, and no appointment of a successor Indenture Trustee, will become effective until the acceptance of appointment by the successor Indenture Trustee pursuant to this
Section 8.8. Subject to the preceding sentence, the Indenture Trustee may resign by notifying the Issuer. The Majority Holders may remove the Indenture Trustee without cause by notifying the Indenture Trustee and the Issuer and may appoint a
successor Indenture Trustee. 

  

	 	(b)	The Issuer must remove the Indenture Trustee if: 

  

	 	(i)	the Indenture Trustee fails to comply with Section 8.11; 

  

	 	(ii)	an Event of Bankruptcy occurs with respect to the Indenture Trustee; 

  

	 	(iii)	a receiver or other public officer takes charge of the Indenture Trustee or its property; or 

  

	 	(iv)	the Indenture Trustee becomes legally unable to act or otherwise incapable of acting as Indenture Trustee. 

  

	 	(c)	If the Indenture Trustee resigns or is removed or if a vacancy exists in the office of Indenture Trustee for any reason, the Issuer must appoint a successor Indenture Trustee promptly. 


 

	 	(d)	 Any successor Indenture Trustee will deliver a written acceptance of its appointment to the retiring Indenture Trustee, the Issuer and the Servicer.
Upon delivery of such acceptance, the resignation or removal of the retiring Indenture Trustee will become effective, and the successor Indenture Trustee will have all the rights, powers, duties and obligations of the Indenture Trustee under this
Indenture. The Issuer will continue to pay all amounts owed to the retiring Indenture Trustee in accordance with Sections 8.7 and 4.5(a) following the 



  
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retiring Indenture Trustee’s resignation or removal until all such amounts are paid. The successor Indenture Trustee will deliver a notice of its succession to the Noteholders. The retiring
Indenture Trustee will promptly transfer all property held by it as Indenture Trustee to the successor Indenture Trustee. 

  

	 	(e)	If a successor Indenture Trustee does not take office within 60 days after the retiring Indenture Trustee tenders its resignation or is removed, the retiring Indenture Trustee, the Issuer or the Majority Holders may
petition any court of competent jurisdiction for the appointment of a successor Indenture Trustee. 

  

	 	(f)	Notwithstanding the replacement of the retiring Indenture Trustee pursuant to this Section 8.8, any obligations of the Issuer and the Servicer owing to the retiring Indenture Trustee under Section 8.7 will
continue for the benefit of the retiring Indenture Trustee. 

 Section 8.9. Successor Indenture Trustee by Merger.

  

	 	(a)	If the Indenture Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business or assets to, another corporation or banking association, the resulting,
surviving or transferee corporation or banking association will be the successor Indenture Trustee so long as such corporation or banking association is otherwise qualified and eligible under Section 8.11. The Indenture Trustee will promptly
notify the Servicer and the Issuer (who will notify each Rating Agency) of any such transaction. 

  

	 	(b)	If, at the time any such successor by merger, conversion or consolidation to the Indenture Trustee succeeds to the trusts created by this Indenture, any of the Notes have been authenticated but not delivered, such
successor may adopt the certificate of authentication of any predecessor Indenture Trustee and deliver such Notes so authenticated. If at such time any of the Notes have not been authenticated, any successor to the Indenture Trustee may authenticate
such Notes either in the name of any predecessor Indenture Trustee or in the name of such successor Indenture Trustee. In all such cases, such certificates will have the same force and effect provided for anywhere in the Notes or in this Indenture
as the certificate of the predecessor Indenture Trustee. 

 Section 8.10. Appointment of Separate Indenture Trustee or
Co-Indenture Trustee. 
  

	 	(a)	For the purpose of meeting any legal requirement of any jurisdiction in which any part of the Collateral may at the time be located, after delivering written notice to the Issuer and the Servicer, the Indenture Trustee
may appoint one or more Persons to act as a separate trustee or separate trustees, or co-trustee or co-trustees, of all or any part of the Issuer, and to vest in such Persons, in such capacity and for the benefit of the Noteholders, such title to
the Collateral, or any part of the Collateral, and, subject to this Section 8.10, such rights, powers, duties and obligations as the Indenture Trustee may consider necessary or desirable. No separate trustee or co-trustee will be required to
meet the terms of eligibility as a 


  
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successor trustee under Section 8.11 and no notice to the Noteholders of the appointment of any separate trustee or co-trustee will be required under Section 8.8. 


 

	 	(b)	Every separate trustee and co-trustee will, to the extent permitted by law, be appointed and act subject to the following: 

  

	 	(i)	all rights, powers, duties and obligations conferred or imposed upon the Indenture Trustee will be conferred or imposed upon and exercised or performed by the Indenture Trustee, or the Indenture Trustee and such
separate trustee or co-trustee jointly (it being understood that such separate trustee or co-trustee will not be authorized to act separately without the Indenture Trustee joining in such act), except to the extent that under any law of any
jurisdiction in which any particular act or acts are to be performed the Indenture Trustee will be incompetent or unqualified to perform such act or acts, in which event such rights, powers, duties and obligations (including the holding of title to
the Collateral or any portion of the Collateral in any such jurisdiction) will be exercised and performed singly by such separate trustee or co-trustee, but solely at the direction of the Indenture Trustee; 


 

	 	(ii)	no trustee will be personally liable by reason of any act or omission of any other trustee under this Indenture; and 

  

	 	(iii)	the Indenture Trustee may accept the resignation of or remove any separate trustee or co-trustee. 

  

	 	(c)	Any notice, request or other writing given to the Indenture Trustee will be deemed to have been given to each appointed separate trustee and co-trustee, as effectively as if given to each of them. Every instrument
appointing any separate trustee or co-trustee will refer to this Indenture and the conditions of this Section 8.10. Each separate trustee and co-trustee, upon its acceptance of the trusts conferred, will be vested with the estates or property
specified in its instrument of appointment, either jointly with the Indenture Trustee or separately, as may be provided in such instrument of appointment, subject to this Indenture. Every such instrument will be filed with the Indenture Trustee.


  

	 	(d)	Any separate trustee or co-trustee may appoint the Indenture Trustee as its agent or attorney-in-fact with power and authority, to the extent not prohibited by law, to do any lawful act under or in respect of this
Indenture on its behalf and in its name. If any separate trustee or co-trustee dies, becomes incapable of acting, resigns or is removed, all of its estates, properties, rights, remedies and trusts will vest in and be exercised by the Indenture
Trustee, to the extent permitted by law, without the appointment of a new or successor trustee. 

 Section 8.11.
Eligibility; Disqualification. 
  

	 	(a)	 The Indenture Trustee or its parent must have a combined capital and surplus of at least $50,000,000 as set forth in its most recent annual published
report of 



  
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condition. Within ten days after the Indenture Trustee fails to satisfy any of the requirements set forth in this Section 8.11(a) or ceases to be a Qualified Institution, the Indenture
Trustee will notify the Issuer and the Servicer of such failure. 

  

	 	(b)	Within 90 days after the occurrence of an Event of Default that has not been cured or waived, the Indenture Trustee will resign with respect to the Notes in accordance with Section 8.8, and the Issuer will appoint
a successor Indenture Trustee for the Notes. 

  

	 	(c)	If a successor Indenture Trustee is appointed with respect to the Notes, the retiring Indenture Trustee and the successor Indenture Trustee will execute an indenture supplemental to this Indenture. Such supplemental
indenture will contain: 

  

	 	(i)	provisions by which the successor Indenture Trustee accepts its appointment; 

  

	 	(ii)	provisions necessary or desirable to transfer and confirm to, and to vest in, the successor Indenture Trustee all the rights, powers, duties and obligations of the retiring Indenture Trustee with respect to the Notes to
which the appointment of such successor Indenture Trustee relates; 

  

	 	(iii)	if the retiring Indenture Trustee is not retiring with respect to all of the Notes, provisions necessary or desirable to confirm that all the rights, powers, duties and obligations of the retiring Indenture Trustee with
respect to the Notes as to which the retiring Indenture Trustee is not retiring continue to be vested in the Indenture Trustee; and 

  

	 	(iv)	provisions necessary to provide for or facilitate the administration of the trusts hereunder by more than one Indenture Trustee. 


Nothing in this Indenture or in such supplemental indenture will constitute such Indenture Trustees co-trustees of the same trust and each
such Indenture Trustee will be a trustee of a trust or trusts under this Indenture separate and apart from any trust or trusts under this Indenture administered by any other Indenture Trustee. The indenture supplement will become effective upon the
removal of the retiring Indenture Trustee. 
 Section 8.12. Audits of the Indenture Trustee. The Indenture Trustee agrees (at
the expense of the requesting party) that, with reasonable prior notice, it will permit any authorized representative of the Servicer or the Issuer, during the Indenture Trustee’s normal business hours, to examine and audit the books of
account, records, reports and other documents and materials of the Indenture Trustee relating to (a) the performance of the Indenture Trustee’s obligations under this Indenture, (b) any payments of fees and expenses of the Indenture
Trustee in connection with such performance and (c) any claim made by the Indenture Trustee under this Indenture. In addition, the Indenture Trustee will permit such representatives to discuss the same with the Indenture Trustee’s officers
and employees. Each of the Servicer and the Issuer will, and will cause its authorized representatives to, hold in confidence all such information except to the extent disclosure may be required by law (and all reasonable applications for
confidential treatment are unavailing) and except to the extent that the Servicer or the Issuer, as the case may 

  
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be, may reasonably determine that such disclosure is consistent with its obligations under this Indenture. The Indenture Trustee will maintain all such pertinent books, records, reports and other
documents and materials for a period of two years after the termination of its obligations under this Indenture. 
 Section 8.13.
Representations and Warranties of the Indenture Trustee. 
 The Indenture Trustee represents and warrants to the Issuer as of the
Closing Date: 
  

	 	(a)	Organization and Qualification. The Indenture Trustee is a national banking association duly organized, validly existing and in good standing under the laws of the United States of America. The Indenture Trustee
is qualified as a foreign banking corporation in good standing and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its properties or the conduct of its activities requires such qualification,
license or approval, unless the failure to obtain such qualifications, licenses or approvals would not reasonably be expected to have a material adverse effect on the Indenture Trustee’s ability to perform its obligations under this Indenture
or the other Transaction Documents to which it is a party. 

  

	 	(b)	Power, Authorization and Enforceability. The Indenture Trustee has the power and authority to execute deliver and perform the terms of this Indenture. The Indenture Trustee has authorized the execution, delivery
and performance of the terms of this Indenture. This Indenture is the legal, valid and binding obligation of the Indenture Trustee enforceable against the Indenture Trustee, except as may be limited by insolvency, bankruptcy, reorganization or other
laws relating to or affecting the enforcement of creditors’ rights or by general equitable principles. 

  

	 	(c)	No Conflicts and No Violation. The execution and delivery by the Indenture Trustee of this Indenture, the consummation by the Indenture Trustee of the transactions contemplated by this Indenture and the
compliance by the Indenture Trustee with this Indenture will not (i) violate any federal or New York State law, governmental rule or regulation governing the banking or trust powers of the Indenture Trustee or any judgment or order binding on
it or (ii) conflict with, result in a breach of, or constitute (with or without notice or lapse of time or both) a default under its charter documents or by-laws or any indenture, mortgage, deed of trust, loan agreement, guarantee or similar
agreement or instrument under which the Indenture Trustee is a debtor or guarantor or (iii) violate any law or, to the Indenture Trustee’s knowledge, any order, rule, or regulation applicable to the Indenture Trustee of any court or of any
federal or State regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Indenture Trustee or its properties, in each case which conflict, breach, default, Lien, or violation would reasonably be
expected to have a material adverse effect on the Indenture Trustee’s ability to perform its obligations under this Indenture. 


  
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	 	(d)	No Proceedings. To the Indenture Trustee’s knowledge, there are no proceedings or investigations pending or overtly threatened in writing, before any court, regulatory body, administrative agency, or other
governmental instrumentality having jurisdiction over the Indenture Trustee or its properties: (i) asserting the invalidity of any of this Indenture or the Sale and Servicing Agreement, (ii) seeking to prevent the issuance of the Notes or
the consummation of any of the transactions contemplated by any of the Transaction Documents or (iii) seeking any determination or ruling that would reasonably be expected to have a material adverse effect on the Indenture Trustee’s
ability to perform its obligations under, or the validity or enforceability of, this Indenture. 

  

	 	(e)	Eligibility. The Indenture Trustee is a Qualified Institution. The Indenture Trustee or its parent has a combined capital and surplus of at least $50,000,000 as set forth in its most recent annual published
report of condition. 

  

	 	(f)	Information Provided by the Indenture Trustee. The information provided by the Indenture Trustee in any certificate delivered by a Responsible Officer of the Indenture Trustee is true and correct in all material
respects. 

 Section 8.14. Covenants for Reporting of Repurchase Demands due to Breaches of Representations and
Warranties. The Indenture Trustee will (a) notify the Depositor and the Servicer, as soon as practicable and in any event within five Business Days, of all demands or requests communicated to the Indenture Trustee for the repurchase of any
Pool Receivable pursuant to Section 5.4 of the Purchase Agreement or Section 5.5 of the Sale and Servicing Agreement, (b) promptly upon written request by the Depositor or the Servicer, provide to them any other information relating
to such demands or requests reasonably requested to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of (“Regulation AB”) (the “Repurchase Rules and Regulations”)
and (c) if requested by the Depositor or the Servicer, provide a written certification no later than fifteen days following any calendar quarter or calendar year that the Indenture Trustee has not received any repurchase demands for such
period, or if repurchase demands have been received during such period, that the Indenture Trustee has provided all the information reasonably requested under clause (b) above. In no event will the Indenture Trustee or the Issuer have any
responsibility or liability in connection with any filing required to be made by a securitizer under the Exchange Act or Regulation AB. The Indenture Trustee acknowledges that interpretations of the requirements of the Repurchase Rules and
Regulations may change over time, whether due to interpretive guidance provided by the Securities Exchange Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to
comply with reasonable requests made by the Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of the Repurchase Rules and Regulations. The Indenture Trustee shall cooperate fully with
the Depositor to deliver any and all records and any other information necessary in the good faith determination of the Depositor to permit them to comply with the provisions of Repurchase Rules and Regulations. The Indenture Trustee will not be
responsible for determining whether any alleged breach of a representation or warranty under Section 5.5 of Purchase Agreement or Section 5.5 of the Sale and Servicing Agreement is “material”. 

  
 67 








 Section 8.15. Indenture Trustee May Own Notes. 

The Indenture Trustee in its individual or any other capacity may become the owner or pledgee of the Notes and may deal with the Depositor,
the Servicer and the Issuer in banking transactions with the same rights as it would have if it were not Indenture Trustee. 
 ARTICLE IX

 SUPPLEMENTAL INDENTURES 

Section 9.1. Supplemental Indentures Without Consent of Noteholders. 

Without the consent of the Majority Holders but with prior notice by the Issuer to each Rating Agency, the Issuer and the Indenture Trustee
(when directed by Issuer Order) may enter into one or more indentures supplemental to this Indenture for any of the following purposes: 
  

	 	(a)	to correct or amplify the description of any property subject to the Lien of this Indenture, or better to assure, convey and confirm to the Indenture Trustee any property subject or required to be subjected to the Lien
of this Indenture, or to subject additional property to the Lien of this Indenture; 

  

	 	(b)	to add to the covenants of the Issuer, for the benefit of the Noteholders, or to surrender any right or power conferred upon the Issuer in this Indenture; 


 

	 	(c)	to convey, transfer, assign, mortgage or pledge any property to or with the Indenture Trustee; 

  

	 	(d)	to cure any ambiguity, to correct or supplement any provision in this Indenture or in any supplemental indenture that may be inconsistent with any other provision in this Indenture or in any supplemental indenture or in
the Offering Memorandum, or to add provisions that are not inconsistent with the provisions of this Indenture so long as such action does not materially adversely affect the interests of the Noteholders; or 


 

	 	(e)	to evidence the acceptance of the appointment under this Indenture of a successor or additional Trustee with respect to the Notes on any Class thereof and to add to or change any of the provisions of this Indenture as
will be necessary to facilitate the administration of the Issuer under this Indenture by more than one Trustee, pursuant to Article VIII. 


All supplemental indentures pursuant to this Section 9.1 will be in form reasonably satisfactory to the Indenture Trustee. The Indenture Trustee is
authorized to join in the execution of any such supplemental indenture and to make any further reasonably appropriate agreements and stipulations that may be contained in such supplemental indenture. 

Section 9.2. Supplemental Indentures with Consent of Noteholders. 

The Issuer and the Indenture Trustee, when directed by Issuer Order, may enter, with the consent of the Majority Holders, into an indenture or
indentures supplemental to this Indenture 

  
 68 








 
for the purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, this Indenture or modifying in any manner the rights of the Noteholders under this
Indenture if the Issuer delivers an Opinion of Counsel to the Indenture Trustee to the effect that such amendment will not (i) cause any Note to be deemed sold or exchanged for purposes of Section 1001 of the Code or (ii) cause the
Issuer to be treated as an association or publicly traded partnership taxable as a corporation for U.S. federal income tax purposes; provided, however, that no such supplemental indenture, without the consent of each Noteholder of each
Outstanding Note adversely affected by such supplemental indenture, will: 
  

	 	(a)	modify or alter Section 9.1 or this Section 9.2; 

  

	 	(b)	change (1) the Maturity Date for any Class or the date of payment of any installment of principal of or interest on any Note, (2) the principal amount of or interest rate on any Note, (3) the price at
which the Notes may be redeemed, (4) the provisions of this Indenture relating to the priority of payments on the Notes or relating to the application of collections on, or the proceeds of the sale of, the Collateral to payment of principal of
or interest on the Notes, or change any place of payment where, or the coin or currency in which, any Note or the interest on any Note is payable, or (5) the right of Noteholders to institute suits to enforce this Indenture; 


 

	 	(c)	modify the percentage of the Note Balance required for any action; 

  

	 	(d)	modify or alter the proviso to the definition of “Outstanding”; 

  

	 	(e)	modify the calculation of the amount of any payment of interest or principal due on any Note on any Payment Date; or 

  

	 	(f)	permit the creation of any Lien ranking prior or equal to the Lien of this Indenture with respect to any part of the Collateral other than Permitted Liens, or except as permitted by this Indenture or the other
Transaction Documents, release the Lien of this Indenture with respect to any part of the Collateral. 

 It will not be
necessary for any act of Noteholders under this Section 9.2 to approve the particular form of any proposed supplemental indenture, but it will be sufficient if such act of Noteholders approves the substance of such proposed supplemental
indenture. Promptly after the execution by the Issuer and the Indenture Trustee of any supplemental indenture pursuant to this Section 9.2, the Indenture Trustee shall mail to the Noteholders to which such amendment or supplemental indenture
relates a notice setting forth in general terms the substance of such supplemental indenture. Any failure of the Indenture Trustee to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such
supplemental indenture. 
 Section 9.3. Execution of Supplemental Indentures. In executing, or permitting the additional trusts
created by, any supplemental indenture permitted by this Article IX or the modification of the trusts created by this Indenture, the Indenture Trustee will be entitled to receive, and subject to Sections 8.1 and 8.2, will be fully protected in
relying upon, an Opinion of Counsel to the effect that the execution of such supplemental indenture is authorized or 

  
 69 








 
permitted by this Indenture and that all conditions precedent to the execution and delivery of such supplemental indenture have been satisfied. The Indenture Trustee may, but is not obligated to,
enter into any such supplemental indenture that affects the Indenture Trustee’s own rights, powers, duties, obligations, liabilities or immunities under this Indenture or otherwise. 

Section 9.4. Effect of Supplemental Indenture. Upon the execution of any supplemental indenture pursuant to this Article IX, this
Indenture will be modified and amended in accordance with such supplemental indenture, and such supplemental indenture will be part of this Indenture for any and all purposes. Every Noteholder of Notes authenticated and delivered before or after
such supplemental indenture will be bound by such supplemental indenture. 
 Section 9.5. Reference in Notes to Supplemental
Indentures. Notes authenticated and delivered after the execution of any supplemental indenture pursuant to this Article IX may, and if required by the Indenture Trustee will, bear a notation as to any matter provided for in such supplemental
indenture. If the Issuer or the Indenture Trustee so determine, new Notes so modified as to conform, in the opinion of the Indenture Trustee and the Issuer, to any such supplemental indenture may be prepared and executed by the Issuer and
authenticated and delivered by the Indenture Trustee in exchange for Outstanding Notes. 
 Section 9.6. Indenture Trustee to
Consent. Neither the Issuer nor CCG, in its capacity as Servicer or Originator, will amend or modify any Transaction Document without the prior written consent of the Indenture Trustee to the extent the Indenture Trustee is a party to such
Transaction Document. 
 ARTICLE X 

SATISFACTION AND DISCHARGE 

Section 10.1. Satisfaction and Discharge of Indenture. 
  

	 	(a)	Subject to Section 10.1(b), this Indenture will cease to be of further effect with respect to the Notes, and the Indenture Trustee, upon Issuer Order and at the expense of the Issuer, will execute proper
instruments acknowledging satisfaction and discharge of this Indenture with respect to the Notes, if: 

  

	 	(i)	all Notes that have been authenticated and delivered (other than (x) Notes that have been destroyed, lost or stolen and that have been replaced or paid as provided in Section 3.7 and (y) Notes for whose
payment money has been deposited in trust or segregated and held in trust by the Issuer and thereafter repaid to the Issuer or discharged from such trust, as provided in Section 4.5(c)) have been delivered to the Indenture Trustee for
cancellation; 

  

	 	(ii)	the Issuer has paid or caused to be paid all other sums payable under the Transaction Documents by the Issuer; and 

  

	 	(iii)	the Issuer has delivered to the Indenture Trustee an Officer’s Certificate and an Opinion of Counsel, each to the effect that all conditions precedent relating to the satisfaction and discharge of this Indenture
pursuant to this Section 10.1(a) have been complied with. 


  
 70 









	 	(b)	After the satisfaction and discharge of this Indenture pursuant to Section 10.1(a), this Indenture will continue as to (i) rights of registration of transfer and exchange, (ii) replacement of mutilated,
destroyed, lost or stolen Notes, (iii) the rights of Noteholders to receive payments of principal of and interest on the Notes, (iv) the rights, obligations and immunities of the Indenture Trustee under this Indenture and (v) the
rights of the Noteholders as beneficiaries of this Indenture with respect to the property deposited with the Indenture Trustee payable to all or any of them for a period of two years following such satisfaction and discharge. 


 

	 	(c)	Upon the satisfaction and discharge of the Indenture pursuant to this Section 10.1, at the request of the Owner Trustee, the Indenture Trustee will deliver to the Owner Trustee a certificate of a Trustee Officer
stating that all Noteholders have been paid in full. 

 ARTICLE XI 

MISCELLANEOUS 
 Section 11.1.
Notices. Except as provided below, all communications and notices provided for hereunder shall be in writing (including facsimile or electronic transmission or similar writing) and shall be given to the other party at its address or facsimile
number set forth in Schedule II or at such other address or facsimile number as such party may hereafter specify for the purposes of notice to such party. Each such notice or other communication shall be effective (a) if given by facsimile,
when such facsimile is transmitted to the facsimile number specified in Schedule II and confirmation is received, (b) if given by mail, three (3) Business Days following such posting, if postage prepaid, and if sent via U.S. certified or
registered mail, (c) if given by overnight courier, one (1) Business Day after deposit thereof with a national overnight courier service, or (d) if given by any other means, when received at the address specified in Schedule II.
However, anything in this Section 11.1 to the contrary notwithstanding, the Issuer hereby authorizes the Indenture Trustee on behalf of the Noteholders to make investments in Eligible Investments based on telephonic notices made by any Person
which the Indenture Trustee or Noteholders in good faith believes to be acting on behalf of the Issuer subject to the policies of the Indenture Trustee. The Issuer agrees to deliver promptly to the Indenture Trustee a written confirmation of each
telephonic notice signed by an authorized officer of Issuer. However, the absence of such confirmation shall not affect the validity of such notice. If the written confirmation differs in any material respect from the action taken by Noteholders,
the records of such Noteholders shall govern. 
 Section 11.2. Governing Law; Submission to Jurisdiction. 

 

	 	(a)	THIS INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK (WITHOUT REFERENCE TO THE CONFLICTS OF LAW PRINCIPLES THEREOF OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK
GENERAL OBLIGATIONS LAW). EACH OF THE ISSUER AND THE SERVICER HEREBY SUBMITS TO THE NONEXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE 


  
 71 









	 	
SOUTHERN DISTRICT OF NEW YORK AND OF ANY NEW YORK STATE COURT SITTING IN THE CITY OF NEW YORK FOR PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF OR RELATING TO THIS INDENTURE, ANY OTHER
TRANSACTION DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH OF THE ISSUER AND THE SERVICER HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO SO, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF
THE VENUE OF ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT AND ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. NOTHING IN THIS SECTION 11.2 SHALL AFFECT THE RIGHT OF THE NOTEHOLDERS TO BRING ANY
ACTION OR PROCEEDING AGAINST ANY OF THE ISSUER OR THE DEPOSITOR OR ANY OF THEIR RESPECTIVE PROPERTY IN THE COURTS OF OTHER JURISDICTIONS. 

  

	 	(b)	EACH OF THE PARTIES HERETO HEREBY WAIVES ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, AMONG ANY OF THEM ARISING OUT OF, CONNECTED WITH, RELATING TO OR
INCIDENTAL TO THE RELATIONSHIP BETWEEN THEM IN CONNECTION WITH THIS INDENTURE OR THE OTHER TRANSACTION DOCUMENTS. 


Section 11.3. Integration. This Indenture contains the final and complete integration of all prior expressions by the parties
hereto with respect to the subject matter hereof and shall constitute the entire Agreement among the parties hereto with respect to the subject matter hereof superseding all prior oral or written understandings. 

Section 11.4. Severability of Provisions. If any one or more of the provisions of this Indenture shall for any reason whatsoever
be held invalid, then such provisions shall be deemed severable from the remaining provisions of this Indenture and shall in no way affect the validity or enforceability of such other provisions. 

Section 11.5. Counterparts; Facsimile Delivery. This Indenture may be executed in any number of counterparts and by different
parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same Indenture. Delivery by facsimile or other electronic transmission (i.e.,
“pdf” or “tif”) of an executed signature page of this Indenture shall be effective as delivery of an executed counterpart hereof. 

Section 11.6. Headings. The headings in this Indenture are included for convenience only and will not affect the meaning or
interpretation of this Indenture. 
 Section 11.7. Issuer Obligation. No recourse may be taken, directly or indirectly, with
respect to the obligations of the Issuer, the Owner Trustee or the Indenture Trustee on the Notes or under this Indenture or any certificate or other writing delivered in connection with this 

  
 72 








 
Indenture or the Notes, against (a) the Indenture Trustee or the Owner Trustee each in its individual capacities, (b) any holder of a beneficial interest in the Issuer, (c) any
partner, owner, beneficiary, agent, officer, director, employee or agent of the Indenture Trustee or the Owner Trustee, each in its individual capacity or (d) any holder of a beneficial interest in the Owner Trustee or the Indenture Trustee,
each in its individual capacity, except as any such Person may have agreed (it being understood that the Indenture Trustee and the Owner Trustee have no such obligations in their individual capacities). It is expressly understood and agreed by the
parties hereto that (a) this Indenture is executed and delivered by Wilmington Trust, National Association, not individually or personally, but solely as Owner Trustee of the Issuer under the Trust Agreement, in the exercise of the powers and
authority conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as a personal representation, undertaking and agreement by Wilmington Trust,
National Association but is made and intended for the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating any liability on Wilmington Trust, National Association, individually or personally, to
perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto and (d) under no circumstances shall
Wilmington Trust, National Association be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer
under this Indenture or the other Transaction Documents. 
 Section 11.8. Subordination of Claims against the Depositor. 

 

	 	(a)	 The obligations of the Issuer under this Indenture are solely the obligations of the Issuer and do not represent any obligation or interest in any
assets of the Depositor. The Indenture Trustee, by entering into this Indenture, and each Noteholder and Note Owner, by accepting a Note or a beneficial interest in a Note, acknowledge and agree that they have no right, title or interest in or to
any Other Assets of the Depositor. Notwithstanding the preceding sentence, if such Indenture Trustee, Noteholder or Note Owner either (i) asserts an interest or claim to, or benefit from, the Other Assets, or (ii) is deemed to have any
such interest, claim to, or benefit in or from the Other Assets, whether by operation of law, legal process, pursuant to insolvency laws or otherwise (including by virtue of Section 1111(b) of the Bankruptcy Code), then such Indenture Trustee,
Noteholder or Note Owner further acknowledges and agrees that any such interest, claim or benefit in or from the Other Assets is expressly subordinated to the indefeasible payment in full of the other obligations and liabilities, which, under the
relevant documents relating to the securitization or conveyance of such Other Assets, are entitled to be paid from, entitled to the benefits of, or otherwise secured by such Other Assets (whether or not any such entitlement or security interest is
legally perfected or otherwise entitled to a priority of distributions or application under applicable law, including insolvency laws, and whether or not asserted against the Depositor), including the payment of post-petition interest on such other
obligations and liabilities. This subordination agreement is deemed a subordination agreement within the meaning of Section 510(a) of the Bankruptcy Code. The Indenture Trustee, each Noteholder and each Note Owner further




  
 73 









	 	
acknowledges and agrees that no adequate remedy at law exists for a breach of this Section 11.8 and this Section 11.8 may be enforced by an action for specific performance.


  

	 	(b)	This Section 11.8 is for the third party benefit of those entitled to rely on this Section 11.8 and will survive the termination of this Indenture. 


Section 11.9. Non-Petition. 

The Indenture Trustee and each Noteholder or Note Owner, by accepting a Note or a beneficial interest in a Note, each covenants and agrees
that it will not institute against, or join any other Person in instituting against, the Depositor or the Issuer, respectively, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any federal
or State bankruptcy or similar law in connection with any obligations relating to the Notes, this Indenture or any of the Transaction Documents. This Section 11.9 will survive the resignation or removal of the Indenture Trustee under this
Indenture and the termination of this Indenture. 
 [SIGNATURES FOLLOW] 

  
 74 








 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Indenture as of the first
date written above. 
  

					
	 CCG RECEIVABLES TRUST 2013-1,
 as
Issuer

		
	By:		WILMINGTON TRUST, NATIONAL ASSOCIATION,
			not in its individual capacity but solely as Owner Trustee of CCG Receivables Trust 2013-1
		
	By:		/s/ Jennifer A. Luce
		 	  

			Name:		Jennifer A. Luce
			Title:		Vice President
	
	 U.S. BANK NATIONAL ASSOCIATION,
 not
in its individual capacity but solely as Indenture Trustee

		
	By:		/s/ Toby Robillard
		 	  

			Name:		Toby Robillard
			Title:		Vice President



  
 [Signature Page to
Indenture] 








 SCHEDULE I 

Schedule of Pool Receivables 

  
 SI-1 








 Schedule I 

Schedule of Released Collateral 
  

											
	Customer #	 	Contract #	 	Customer #	 	Contract #	 	Customer #	 	Contract #
	559	 	101051101	 	1560	 	108291201	 	1346	 	202281101
	1247	 	101131101	 	1140	 	108301001	 	1350	 	202281105
	1247	 	101261101	 	1307	 	108301203	 	76	 	202291203
	1279	 	101271103	 	1186	 	108311002	 	1189	 	203111101
	1316	 	101311101	 	1190	 	109021001	 	693	 	203181102
	722	 	102011101	 	1886	 	109061201	 	1240	 	203221102
	1339	 	102221101	 	1895	 	109131201	 	369	 	203231101
	39	 	102251104	 	1202	 	109211001	 	986	 	203261001
	1268	 	102281103	 	1512	 	109211201	 	1845	 	203291002
	1349	 	102281105	 	1914	 	109261201	 	1376	 	203311100
	1360	 	103171101	 	1868	 	109281203	 	415	 	203311103
	1361	 	103211101	 	1869	 	109281204	 	1085	 	203311105
	1180	 	103211102	 	470	 	109291001	 	1124	 	203311106
	1365	 	103241101	 	1119	 	110071001	 	89	 	203311107
	1370	 	103301102	 	1179	 	110141001	 	807	 	204011101
	40	 	104181201	 	470	 	110191001	 	1080	 	204121001
	1397	 	104281102	 	470	 	110251001	 	570	 	204171202
	1761	 	105031201	 	1237	 	110291003	 	347	 	204191101
	1710	 	105231201	 	282	 	110311102	 	1386	 	204271101
	363	 	105241101	 	1241	 	111021001	 	445	 	204291102
	14	 	105291201	 	1244	 	111041001	 	880	 	205031001
	1549	 	105311201	 	103	 	111091101	 	1395	 	205241202
	18	 	105311202	 	1479	 	111141102	 	1107	 	205281006
	1790	 	105311203	 	1249	 	111151001	 	1533	 	205291201
	1	 	105311205	 	1257	 	111181001	 	1303	 	205301201
	2	 	105311206	 	142	 	111221001	 	646	 	205311202
	1503	 	105311207	 	1263	 	111291001	 	1791	 	205311206
	1798	 	106081202	 	930	 	112161001	 	1643	 	206071202
	1257	 	106151201	 	1285	 	112171001	 	1784	 	206181201
	1754	 	106211201	 	1288	 	112201001	 	967	 	206281203
	470	 	106211202	 	589	 	112211001	 	1775	 	206281207
	1817	 	106271201	 	1290	 	112311001	 	1126	 	207211001
	1820	 	106281201	 	1044	 	201061001	 	986	 	207271002
	1821	 	106291204	 	1317	 	201141101	 	1587	 	207301202
	1475	 	107151102	 	986	 	201241101	 	1852	 	207311205
	1481	 	107181201	 	896	 	201281101	 	521	 	208081205
	1578	 	107271201	 	719	 	201311101	 	1849	 	208131202
	1458	 	107271203	 	1333	 	202151101	 	1492	 	208131203
	1826	 	107301202	 	1332	 	202151102	 	1376	 	208161203
	722	 	108021001	 	1335	 	202161102	 	1525	 	208201201
	1140	 	108151201	 	1337	 	202181101	 	1199	 	208231201
	722	 	108181001	 	1340	 	202221101	 	1599	 	208241202
	1397	 	108201201	 	1341	 	202241101	 	896	 	208241203
	1738	 	108201202	 	1327	 	202241102	 	1682	 	208301201
	699	 	108251002	 	1028	 	202251002	 	1930	 	209041202


  
 Sch. I-1 









											
	Customer #	 	Contract #	 	Customer #	 	Contract #	 	Customer #	 	Contract #
	392	 	209101201	 	700	 	303081101	 	1570	 	306131205
	1403	 	209141202	 	1145	 	303211101	 	827	 	306211201
	1831	 	209141204	 	386	 	303211102	 	1009	 	306211202
	1047	 	209181201	 	1364	 	303241101	 	1671	 	306211203
	1299	 	209201202	 	1369	 	303281104	 	1813	 	306251202
	1818	 	209201203	 	1071	 	303291103	 	1536	 	306251206
	1346	 	209241203	 	960	 	303301101	 	1815	 	306251207
	1721	 	209261201	 	1278	 	303301204	 	760	 	306281201
	1923	 	209271201	 	1469	 	303301206	 	1819	 	306281202
	1485	 	209281201	 	1278	 	303301207	 	355	 	306291102
	392	 	209281203	 	473	 	303311101	 	1156	 	306291202
	1931	 	209281204	 	1375	 	303311103	 	1822	 	306291203
	1757	 	209281205	 	564	 	304051201	 	167	 	306291205
	76	 	210031101	 	350	 	304071002	 	1746	 	307051202
	1218	 	210081001	 	1383	 	304091201	 	700	 	307171201
	1219	 	210121002	 	1278	 	304101204	 	379	 	307181102
	1208	 	210121003	 	1278	 	304101205	 	736	 	307191201
	1196	 	210131002	 	1009	 	304131101	 	995	 	307201001
	807	 	210311104	 	1741	 	304161203	 	1638	 	307231201
	1243	 	211081001	 	65	 	304201101	 	1838	 	307231202
	845	 	211171001	 	1391	 	304211105	 	1581	 	307251201
	1255	 	211181001	 	927	 	304211106	 	1582	 	307251202
	667	 	211191001	 	1092	 	304231007	 	795	 	307291102
	1031	 	211291001	 	1713	 	304241201	 	1847	 	307301203
	860	 	211291104	 	1746	 	304241203	 	1848	 	307301207
	1270	 	211301003	 	951	 	304281102	 	173	 	307311203
	1269	 	211301004	 	899	 	304301001	 	1001	 	307311204
	1281	 	212131002	 	723	 	305141002	 	1617	 	307311206
	1038	 	212280901	 	1668	 	305161201	 	1162	 	308051002
	13	 	212281001	 	1641	 	305171203	 	1856	 	308071201
	807	 	212291001	 	700	 	305211202	 	1813	 	308141201
	1301	 	212311002	 	717	 	305241001	 	1850	 	308201201
	1300	 	212311003	 	717	 	305241002	 	1320	 	308271203
	1303	 	212311007	 	1364	 	305241103	 	760	 	308301203
	1302	 	212311008	 	700	 	305241201	 	993	 	308311203
	1297	 	212311009	 	1781	 	305241202	 	1884	 	308311206
	1322	 	301281101	 	1388	 	305261104	 	700	 	309121201
	350	 	301281102	 	1265	 	305291201	 	907	 	309121202
	1118	 	301281105	 	1713	 	305301201	 	935	 	309121203
	1328	 	302071101	 	1786	 	305311204	 	1894	 	309131202
	1278	 	302101101	 	1785	 	305311206	 	1904	 	309181207
	1571	 	302141201	 	1796	 	306051201	 	1920	 	309261203
	1571	 	302141202	 	1425	 	306071201	 	1928	 	309281206
	1214	 	302181101	 	1543	 	306081201	 	1925	 	309281208
	1145	 	302251102	 	1312	 	306111201	 	1162	 	309301103
	1347	 	302281101	 	1570	 	306131201	 	1222	 	310131001
	1348	 	302281102	 	1570	 	306131202	 	1228	 	310151002
	717	 	302281203	 	1570	 	306131203	 	960	 	310181001
	1082	 	302291204	 	1570	 	306131204	 	1229	 	310181002


  
 Sch. I-2 









											
	Customer #	 	Contract #	 	Customer #	 	Contract #	 	Customer #	 	Contract #
	1148	 	310211102	 	1507	 	1C02141302	 	2001	 	1T12111201
	260	 	310291001	 	2077	 	1C03011301	 	1974	 	1T12131202
	1176	 	311021001	 	1110	 	1C10111201	 	1949	 	1T12141201
	795	 	311081001	 	647	 	1C10241201	 	2023	 	1T12271201
	1145	 	311081002	 	1959	 	1C10251201	 	2024	 	1T12281201
	1251	 	311111002	 	1857	 	1C10291201	 	1623	 	1T12311201
	637	 	311161005	 	18	 	1C10311201	 	2037	 	1T12311203
	736	 	311181001	 	1964	 	1C10311202	 	1787	 	1T12311204
	1256	 	311191005	 	1726	 	1C11261201	 	2040	 	2W01021301
	744	 	311211102	 	1985	 	1C11271202	 	2047	 	2W01161301
	684	 	311211103	 	1415	 	1C11301201	 	1682	 	2W01241301
	260	 	311221002	 	1993	 	1C11301202	 	2066	 	2W01281303
	1264	 	311291004	 	1994	 	1C11301204	 	2066	 	2W01281304
	1125	 	311291005	 	1995	 	1C12041201	 	663	 	2W01311304
	1570	 	311291106	 	259	 	1C12191201	 	267	 	2W02011301
	1570	 	311291107	 	669	 	1C12201201	 	2076	 	2W02111301
	1153	 	311301005	 	1307	 	1C12201203	 	1031	 	2W02251305
	1273	 	312071001	 	1584	 	1C12211202	 	1533	 	2W02281301
	260	 	312091001	 	1993	 	1C12261201	 	2112	 	2W02281304
	1278	 	312101001	 	2028	 	1C12261202	 	860	 	2W03181301
	962	 	312301001	 	1642	 	1C12271201	 	1199	 	2W10031201
	1296	 	312301002	 	2022	 	1C12271202	 	1736	 	2W10041201
	1197	 	401311101	 	1288	 	1C12281201	 	1367	 	2W10101203
	1331	 	402111101	 	1767	 	1C12281202	 	1897	 	2W10121202
	1353	 	403071101	 	1718	 	1C12311201	 	1367	 	2W10171201
	1248	 	403071102	 	1246	 	1T01091301	 	896	 	2W10181201
	1357	 	403091101	 	2044	 	1T01111301	 	1343	 	2W10191202
	1727	 	404051201	 	1257	 	1T01151301	 	1955	 	2W10191204
	1661	 	404271201	 	1861	 	1T01221302	 	1493	 	2W10241201
	1661	 	404271202	 	2023	 	1T01221303	 	1448	 	2W10241202
	1116	 	406171001	 	1246	 	1T01241301	 	915	 	2W11091201
	1812	 	406211201	 	2056	 	1T01291301	 	1723	 	2W11151201
	1816	 	407111202	 	2072	 	1T02041301	 	1189	 	2W11151203
	1677	 	408271201	 	1988	 	1T02151301	 	1456	 	2W11211201
	1835	 	409051201	 	1583	 	1T02191301	 	1063	 	2W11281201
	1776	 	409191202	 	2010	 	1T03051301	 	1987	 	2W11291202
	1917	 	409241201	 	2117	 	1T03061301	 	1992	 	2W11301202
	1889	 	409271202	 	2010	 	1T03291302	 	1851	 	2W12031201
	1545	 	409271203	 	1936	 	1T10041201	 	1395	 	2W12051201
	1406	 	409281201	 	14	 	1T10091201	 	1799	 	2W12051203
	1139	 	411121001	 	1869	 	1T10161201	 	1616	 	2W12071201
	1266	 	411301001	 	1645	 	1T10291201	 	1984	 	2W12111201
	1286	 	412171002	 	1974	 	1T11161203	 	349	 	2W12141203
	1293	 	412291001	 	1978	 	1T11161204	 	883	 	2W12171201
	669	 	1C01091301	 	1980	 	1T11191201	 	2009	 	2W12181201
	2043	 	1C01141301	 	1826	 	1T11191202	 	1538	 	2W12181202
	2049	 	1C01221301	 	1607	 	1T11211201	 	1940	 	2W12191201
	2070	 	1C01311301	 	1986	 	1T11281201	 	2015	 	2W12211201
	2071	 	1C01311303	 	1988	 	1T11301201	 	1955	 	2W12211202


  
 Sch. I-3 









											
	Customer #	 	Contract #	 	Customer #	 	Contract #	 	Customer #	 	Contract #
	2017	 	2W12241201	 	1938	 	3T10091201	 	1972	 	4C11081201
	2031	 	2W12271201	 	1543	 	3T10091202	 	1677	 	4C11091201
	267	 	2W12281204	 	1832	 	3T10091203	 	1968	 	4C11121201
	2032	 	2W12281206	 	1320	 	3T10111201	 	1976	 	4C11161201
	158	 	2W12311201	 	1740	 	3T10181201	 	1982	 	4C11211201
	2036	 	2W12311202	 	1953	 	3T10191203	 	1674	 	4C11291201
	1735	 	2W12311203	 	1057	 	3T10231201	 	1674	 	4C11291202
	51	 	2W12311204	 	1841	 	3T10231202	 	1795	 	4C11291204
	2050	 	3C01241302	 	1807	 	3T10251201	 	1968	 	4C11301202
	1667	 	3C01281301	 	1629	 	3T10291201	 	1997	 	4C12061201
	2120	 	3C03081302	 	1967	 	3T11071201	 	2013	 	4C12191201
	1934	 	3C10041202	 	1969	 	3T11131202	 	1669	 	4C12281201
	1942	 	3C10101201	 	1970	 	3T11131203	 	1330	 	4C12281203
	1945	 	3C10151201	 	1970	 	3T11191201	 	2030	 	4C12281204
	1966	 	3C11071201	 	1875	 	3T11211201	 	2039	 	4C12311203
	1973	 	3C11141201	 	1979	 	3T11261201	 	2038	 	4C12311205
	882	 	3C11281202	 	2002	 	3T12111201	 	894	 	5C01311301
	1991	 	3C11301201	 	2003	 	3T12121201	 	1943	 	5C11151201
	1990	 	3C11301203	 	2005	 	3T12131201	 	1989	 	5T12041202
	1999	 	3C12101201	 	2004	 	3T12131202	 	1307	 	102251101
	2006	 	3C12171201	 	2008	 	3T12171201	 	1150	 	103301101
	2007	 	3C12171202	 	2011	 	3T12191201	 	1025	 	104051001
	626	 	3C12191201	 	958	 	3T12191202	 	1130	 	104261203
	2020	 	3C12281201	 	2014	 	3T12201201	 	1401	 	104281105
	886	 	3T01021301	 	1813	 	3T12201202	 	647	 	105211201
	2042	 	3T01091301	 	742	 	3T12201203	 	1247	 	105241202
	1839	 	3T01111301	 	2016	 	3T12211201	 	282	 	106091101
	1939	 	3T01141301	 	1777	 	3T12241201	 	941	 	106111001
	1008	 	3T01161301	 	1321	 	3T12241202	 	1458	 	106291101
	2046	 	3T01181301	 	1320	 	3T12241203	 	1825	 	106291206
	1216	 	3T01241301	 	2018	 	3T12261201	 	191	 	106301103
	2052	 	3T01251302	 	1571	 	3T12261202	 	1475	 	107151101
	2053	 	3T01281301	 	1866	 	3T12271201	 	1477	 	107181101
	1617	 	3T01281302	 	2026	 	3T12281202	 	1479	 	107191101
	2034	 	3T01301301	 	2027	 	3T12281203	 	1481	 	107191102
	2068	 	3T01311302	 	2025	 	3T12281205	 	1419	 	107201101
	182	 	3T02011303	 	2033	 	3T12311201	 	1483	 	107211101
	2094	 	3T02251302	 	2034	 	3T12311203	 	1488	 	107271101
	2092	 	3T02251303	 	2035	 	3T12311204	 	1840	 	107311203
	1832	 	3T02271305	 	2054	 	4C01281302	 	1853	 	108011201
	2108	 	3T02281301	 	2057	 	4C01291301	 	375	 	108161001
	1866	 	3T02281306	 	1561	 	4C01311301	 	1869	 	108211202
	1875	 	3T03131301	 	2048	 	4C01311302	 	101	 	108251101
	1875	 	3T03131302	 	2054	 	4C02151301	 	1181	 	108261003
	2156	 	3T03281301	 	2114	 	4C02281303	 	1179	 	108261005
	2111	 	3T03281302	 	1889	 	4C10101201	 	1520	 	108261102
	1866	 	3T10031201	 	1950	 	4C10101202	 	1140	 	108271201
	1937	 	3T10051201	 	1834	 	4C10171201	 	1257	 	109181201
	1672	 	3T10051204	 	1960	 	4C10301201	 	1318	 	109211101


  
 Sch. I-4 









											
	Customer #	 	Contract #	 	Customer #	 	Contract #	 	Customer #	 	Contract #
	1546	 	109231102	 	698	 	206291202	 	1491	 	212201102
	18	 	109271201	 	1386	 	207051101	 	1061	 	212221103
	103	 	109281201	 	1031	 	207071102	 	1640	 	212231101
	470	 	110191104	 	1829	 	207101201	 	1643	 	212281101
	1230	 	110211001	 	1831	 	207101202	 	1648	 	212291101
	792	 	110281101	 	1791	 	207101203	 	1650	 	212291103
	14	 	110311103	 	1830	 	207111202	 	1655	 	212301102
	1246	 	111101002	 	1474	 	207141101	 	1029	 	212310902
	722	 	111231101	 	76	 	207191102	 	1299	 	212311005
	1614	 	111231104	 	1837	 	207201201	 	888	 	301201001
	1517	 	111291102	 	1784	 	207201202	 	1050	 	301251002
	168	 	111301002	 	1189	 	207231101	 	888	 	302161002
	1503	 	112051101	 	1491	 	207261102	 	1056	 	302161003
	1621	 	112071101	 	896	 	207271102	 	684	 	303211203
	1622	 	112131101	 	896	 	207271103	 	1071	 	303261003
	1633	 	112161102	 	1844	 	207271202	 	907	 	303301106
	422	 	112191101	 	1492	 	207281102	 	1278	 	303301201
	1257	 	112201101	 	1471	 	207281104	 	736	 	304061002
	669	 	112231101	 	1496	 	207291101	 	1765	 	304171201
	1633	 	112291101	 	716	 	207311202	 	1741	 	304251202
	994	 	202171001	 	1851	 	207311204	 	1752	 	304261201
	1066	 	203221002	 	521	 	208081204	 	1753	 	304261202
	1736	 	203301206	 	1723	 	208131201	 	1278	 	304271203
	598	 	204271002	 	76	 	208161101	 	1278	 	304271204
	1757	 	204271202	 	1873	 	208231202	 	1094	 	304301004
	1035	 	204301202	 	97	 	208241101	 	980	 	305101101
	967	 	205151202	 	1849	 	208241201	 	995	 	305101102
	1028	 	205171001	 	87	 	208311001	 	1740	 	305111202
	1101	 	205201003	 	369	 	209041203	 	1746	 	305111203
	218	 	205211202	 	1195	 	209141001	 	1617	 	305171201
	1108	 	205281008	 	1533	 	209141201	 	1779	 	305231201
	1108	 	205281009	 	1206	 	209221001	 	1102	 	305241003
	274	 	205311105	 	1346	 	209241204	 	1364	 	305241102
	1379	 	206061201	 	1376	 	209271203	 	202	 	305261001
	878	 	206101102	 	7	 	210291003	 	1388	 	305271104
	1799	 	206111201	 	1591	 	210311101	 	1437	 	306131102
	1442	 	206151102	 	807	 	210311103	 	1348	 	306151101
	1805	 	206151201	 	1240	 	211011001	 	1440	 	306151103
	499	 	206191201	 	1189	 	211021101	 	1388	 	306161101
	1346	 	206201101	 	1340	 	211041101	 	1445	 	306171102
	1811	 	206201201	 	1525	 	211091102	 	960	 	306211102
	1350	 	206211201	 	13	 	211151101	 	795	 	306221101
	1448	 	206221101	 	1261	 	211241002	 	1022	 	306231002
	1124	 	206241102	 	445	 	211241004	 	1451	 	306231101
	1682	 	206261201	 	1616	 	212011101	 	795	 	306251003
	1587	 	206271202	 	1626	 	212141101	 	1298	 	306281101
	1011	 	206281201	 	1630	 	212151101	 	355	 	306291101
	1341	 	206291102	 	1631	 	212151102	 	1363	 	306291105
	524	 	206291201	 	1635	 	212191101	 	1823	 	306291204


  
 Sch. I-5 









											
	Customer #	 	Contract #	 	Customer #	 	Contract #	 	Customer #	 	Contract #
	564	 	306301004	 	1558	 	311041102	 	1371	 	1C12201202
	1373	 	306301101	 	700	 	311101101	 	1869	 	1T01041301
	1464	 	306301108	 	1597	 	311101102	 	2045	 	1T01111303
	795	 	307011101	 	1536	 	311101104	 	1808	 	1T01221301
	1162	 	307051101	 	744	 	311211101	 	2023	 	1T01221304
	1746	 	307051201	 	1601	 	311211104	 	1458	 	1T01251301
	736	 	307071101	 	1603	 	311221102	 	2062	 	1T01291302
	1796	 	307111202	 	1543	 	311281107	 	2067	 	1T01311301
	459	 	307121001	 	1264	 	311291003	 	1575	 	1T02011301
	379	 	307181101	 	1265	 	311301004	 	1607	 	1T02061301
	684	 	307181103	 	1554	 	311301104	 	1808	 	1T02071301
	1437	 	307211101	 	1500	 	312011102	 	2023	 	1T02081301
	1162	 	307211102	 	1229	 	312081101	 	1754	 	1T02251301
	993	 	307221101	 	1312	 	312081102	 	2097	 	1T02261301
	1132	 	307221102	 	1118	 	312101002	 	2107	 	1T02281302
	1153	 	307261001	 	1627	 	312151101	 	1787	 	1T03141301
	1382	 	307261101	 	1629	 	312151105	 	2140	 	1T03191301
	1494	 	307281103	 	1601	 	312151106	 	142	 	1T03191302
	795	 	307291101	 	1632	 	312161101	 	142	 	1T03191303
	795	 	307301001	 	1634	 	312191101	 	1578	 	1T03211301
	1041	 	307301008	 	760	 	312221104	 	282	 	1T10251201
	459	 	308061003	 	1527	 	312281101	 	1754	 	1T10311202
	736	 	308101201	 	1656	 	312281102	 	1826	 	1T11301203
	1260	 	308161101	 	1647	 	312291103	 	103	 	1T12131201
	1866	 	308201202	 	1654	 	312301107	 	2010	 	1T12181201
	1813	 	308231201	 	1661	 	402281201	 	1424	 	2W01151301
	899	 	308241003	 	1795	 	406041201	 	445	 	2W01291303
	1571	 	308241201	 	1111	 	406071001	 	1533	 	2W01301301
	700	 	308271201	 	1545	 	406131201	 	2069	 	2W01311303
	350	 	308301101	 	1444	 	406161101	 	1341	 	2W02051301
	760	 	308301202	 	1677	 	406281201	 	548	 	2W02081301
	760	 	308301204	 	1472	 	407011101	 	2060	 	2W02131301
	993	 	308311204	 	1141	 	407131001	 	2086	 	2W02191302
	961	 	309011001	 	1478	 	407181101	 	7	 	2W02191303
	167	 	309101201	 	1487	 	407281101	 	982	 	2W02191305
	1009	 	309111202	 	1159	 	408041001	 	69	 	2W02251303
	1796	 	309251201	 	1506	 	408111101	 	1897	 	2W02251304
	1571	 	309271203	 	1889	 	409061201	 	1791	 	2W02251306
	1781	 	309271204	 	1197	 	409151002	 	788	 	2W02271301
	1221	 	309281201	 	1203	 	409211001	 	1189	 	2W03011301
	1927	 	309281205	 	1929	 	409271201	 	2122	 	2W03111301
	1926	 	309281209	 	1203	 	412081101	 	2130	 	2W03131301
	167	 	309291002	 	2041	 	1C01071301	 	2133	 	2W03141302
	1557	 	309291101	 	2064	 	1C01301301	 	2150	 	2W03271304
	1558	 	309291104	 	2089	 	1C02221301	 	141	 	2W03281303
	1213	 	309301003	 	1307	 	1C02251301	 	1897	 	2W10121201
	1148	 	310211101	 	2128	 	1C03121301	 	1958	 	2W10241204
	564	 	310261102	 	1995	 	1C03251301	 	693	 	2W10251201
	1589	 	310311102	 	2000	 	1C12101201	 	1492	 	2W10261202


  
 Sch. I-6 









											
	Customer #	 	Contract #	 	Customer #	 	Contract #	 	Customer #	 	Contract #
	1362	 	2W11011201	 	1460	 	3T03261301	 	1037	 	312230902
	1965	 	2W11021201	 	182	 	3T03281303	 	1545	 	409271204
	1587	 	2W11071201	 	2157	 	3T03281304	 	2082	 	1C02141303
	1930	 	2W11121201	 	2157	 	3T03281306	 	1371	 	1C02201301
	1975	 	2W11151202	 	1848	 	3T10251202	 	2103	 	1C02271301
	1448	 	2W11291201	 	1071	 	3T11051201	 	2104	 	1C02271302
	1849	 	2W11291203	 	1071	 	3T11091201	 	2124	 	1C03111301
	1831	 	2W11301201	 	1969	 	3T11131201	 	18	 	1C03181301
	1367	 	2W11301203	 	1057	 	3T11131204	 	2075	 	1C03201301
	567	 	2W12031202	 	1320	 	3T11151201	 	1995	 	1C03281301
	719	 	2W12051202	 	1977	 	3T11161201	 	1892	 	1T01151302
	13	 	2W12071202	 	1983	 	3T11261202	 	1140	 	1T01281301
	2029	 	2W12281201	 	1970	 	3T11271201	 	1693	 	1T02201301
	51	 	2W12311205	 	1996	 	3T12061201	 	1879	 	1T02201302
	1705	 	3C01151301	 	1214	 	3T12131203	 	282	 	1T02201303
	1991	 	3C01161301	 	1214	 	3T12131204	 	2044	 	1T02221301
	2050	 	3C01241301	 	1571	 	3T12261203	 	14	 	1T02221302
	684	 	3C02211301	 	2025	 	3T12281204	 	840	 	1T03071301
	1579	 	3C02281302	 	2033	 	3T12311202	 	1	 	1T03221301
	1383	 	3C03181301	 	1669	 	4C01181301	 	191	 	1T10051201
	1383	 	3C03181303	 	2054	 	4C01281301	 	1481	 	1T12181203
	1934	 	3C10041201	 	1677	 	4C02081301	 	1882	 	2W01311302
	2046	 	3T01141303	 	1776	 	4C02131301	 	2091	 	2W02221301
	1866	 	3T01151301	 	2100	 	4C02261301	 	1723	 	2W02251301
	1842	 	3T01231301	 	928	 	4C02271301	 	1984	 	2W02261301
	1617	 	3T01281303	 	2106	 	4C02281301	 	2098	 	2W02261302
	1937	 	3T01281304	 	2115	 	4C02281302	 	845	 	2W02271302
	861	 	3T01311301	 	1889	 	4C03151301	 	2113	 	2W02281303
	2065	 	3T01311303	 	2135	 	4C03151302	 	2116	 	2W03011302
	1786	 	3T01311304	 	2144	 	4C03221302	 	1395	 	2W03081302
	2052	 	3T02011302	 	1948	 	4C10151201	 	1799	 	2W03081303
	2073	 	3T02061301	 	1889	 	4C10191201	 	2132	 	2W03141301
	1953	 	3T02121301	 	1889	 	4C11211202	 	2137	 	2W03181302
	2079	 	3T02131301	 	1776	 	4C11291203	 	89	 	2W03191301
	2046	 	3T02251301	 	1889	 	4C12201201	 	2141	 	2W03211303
	182	 	3T02271302	 	2039	 	4C12311202	 	2148	 	2W03261301
	2102	 	3T02271303	 	2127	 	5C03121301	 	499	 	2W03261302
	1675	 	3T02281303	 	2099	 	5T02261301	 	76	 	2W03291303
	1278	 	3T02281304	 	2099	 	5T02261302	 	581	 	2W03291305
	1866	 	3T02281307	 	2126	 	5T03121301	 	1930	 	2W11271201
	1284	 	3T02281308	 	2155	 	5T03281301	 	1118	 	3C01251301
	717	 	3T02281310	 	1989	 	5T12041201	 	999	 	3C02271301
	1953	 	3T03011301	 	39	 	103231101	 	2105	 	3C02281301
	2118	 	3T03071302	 	1808	 	109171201	 	2109	 	3C02281303
	1842	 	3T03081301	 	967	 	204121002	 	1459	 	3C02281304
	2125	 	3T03121302	 	76	 	207271001	 	2110	 	3C02281306
	2131	 	3T03141301	 	1341	 	209101204	 	1383	 	3C03181302
	2138	 	3T03181302	 	1103	 	305261002	 	2160	 	3C03291301
	2026	 	3T03251303	 	1264	 	311291002	 	1668	 	3C11071202


  
 Sch. I-7 









											
	Customer #	 	Contract #	 	 	 	 	 	 	 	 
	767	 	3C11281201	 		 		 		 	
	1617	 	3T02011301	 		 		 		 	
	2084	 	3T02191302	 		 		 		 	
	2095	 	3T02251304	 		 		 		 	
	1460	 	3T02261302	 		 		 		 	
	2111	 	3T02281305	 		 		 		 	
	1009	 	3T02281309	 		 		 		 	
	830	 	3T03061301	 		 		 		 	
	830	 	3T03061302	 		 		 		 	
	701	 	3T03071301	 		 		 		 	
	2042	 	3T03201301	 		 		 		 	
	2145	 	3T03251301	 		 		 		 	
	1777	 	3T03251302	 		 		 		 	
	2157	 	3T03281305	 		 		 		 	
	1460	 	3T03291301	 		 		 		 	
	2159	 	3T03291302	 		 		 		 	
	2157	 	3T03291303	 		 		 		 	
	689	 	3T10291202	 		 		 		 	
	689	 	3T10291203	 		 		 		 	
	689	 	3T10291205	 		 		 		 	
	2081	 	4C02081302	 		 		 		 	
	1639	 	4C02221301	 		 		 		 	
	2134	 	4C03131301	 		 		 		 	
	2143	 	4C03221301	 		 		 		 	
	2154	 	4C03281301	 		 		 		 	
	1197	 	4C10031201	 		 		 		 	
	1545	 	4C12181201	 		 		 		 	
	1878	 	4C12281202	 		 		 		 	
	2142	 	5C03221301	 		 		 		 	
	1943	 	5C11281201	 		 		 		 	
	2099	 	5T02261303	 		 		 		 	
	1989	 	5T12281201	 		 		 		 	


  
 Sch. I-8 








 SCHEDULE II 

Addresses for Notice 
  

			
	 Commercial Credit Group Inc.,

as Originator and Servicer
 227 West Trade
Street, Suite 1450
 Charlotte, NC 28202
  

CCG Receivables IV, LLC,
 as Depositor

227 West Trade Street, Suite 1450A
 Charlotte, NC 28202

 
 CCG Receivables Trust 2013-1,

as Issuer
 c/o Wilmington Trust, National
Association,
		 Portfolio Financial Servicing Company,

as Back-Up Servicer
 7303 SE Lake Road

Portland, Oregon 97267
 Attention: President

 
 U.S. Bank National Association,

as Indenture Trustee
 60 Livingston Avenue

EP-MN-WS3D
 St. Paul, MN 55107

Attn: Global Structured Finance/CCG
 Receivables Trust
2013-1

	as Owner Trustee		
	Rodney Square North		
	1100 North Market Street		
	Wilmington, Delaware 19890		
	Attention: Corporate Trust Administration		
	  
 With a copy to:
		
	  
 Commercial Credit Group Inc.,
		
	227 West Trade Street, Suite 1450		
	Charlotte, NC 28202		
	  
 Standard & Poor’s Ratings Services,

a Standard & Poor’s Financial
		
	 Services LLC business
		
	55 Water Street, 41st Floor		
	New York, New York 10004		
	  
 DBRS, Inc.
		
	 Attn: Surveillance
 e-mail address:
abs_surveillance@dbrs.com
		
	140 Broadway		
	New York, New York 10005		
	Main Line: 212-806-3223		


  
 SII-1 








 SCHEDULE III 

Schedule of Lock-Box Accounts 

Account number 2000026298881 of CCG maintained with Wells Fargo Bank, National Association, having offices located at 1 South Broad Street,
Mail Code: PA1227, Philadelphia, Pennsylvania and 401 S. Tryon Street, 10th Floor, TS Legal Risk Mgmt., Mail Code NC0817, Charlotte, North Carolina 28288 

  
 SIII-1 








 SCHEDULE IV 

List of Equipment Types 
  

			
	equip_type	 	 Description

	1	 	Asphalt Plant
	2	 	Asphalt Paving
	3	 	Concrete Batching EQ
	4	 	Concrete Pump Equip
	5	 	Compaction Equipment
	6	 	Rock Crushing/Screening
	7	 	Excavation
	8	 	Front-End Loaders
	9	 	Crawler Tractor
	10	 	Off-Road Hauling Equipment
	11	 	Crawler Crane
	12	 	Hydraulic Truck Crane
	13	 	Rough Terrain Crane
	14	 	Motor Grader/Scraper
	15	 	Trencher
	16	 	Multiple Constr & Engin.
	17	 	Other-Constr & Engin.
	18	 	Packaging/Weighing
	19	 	Other-Food Process
	20	 	Tub Grinders
	21	 	Forklift-Rough Terrain
	22	 	Platerm-Scissor Lift
	23	 	Forklift
	24	 	Lathes
	25	 	Milling Machines
	26	 	Sheet Metal
	27	 	Plastic Injection
	28	 	Multiple Machine Tools
	29	 	Other-Machine Tools
	30	 	FL/RL Roll-Off Con
	31	 	Recycling
	32	 	Baling
	33	 	Portable Toilets
	34	 	Landfill Compact
	35	 	Truck - Rear Load
	36	 	Truck - Front Load
	37	 	Null


  
 SIV-1 









			
	38		Truck - Side Load
	39		Truck - Roll-Off
	40		Truck - Septic
	41		Truck - Vacuum
	42		Waterblaster
	43		Multiple Refuse Equip
	44		Other-Refuse Equip
	45		Null
	46		Tractor - Over Road
	47		Tractor - Day Cab
	48		Trailer - Dry Van
	49		Trailer - Dump
	50		Trailer - Refr
	51		Trailer - Tank
	52		Trailer - Walkg Floor
	53		Trailer - Flatbed
	54		Trailer Lowboy
	55		Dump Truck - General
	56		Truck - Light
	57		Truck Crane
	58		Roller
	59		Other - Constr & Engine
	60		Truck Heavy Equipment
	61		Sweeper
	62		Trailer Vacuum
	63		All Terrain Crane
	64		Dozer
	65		Skid Steer
	66		Multiple Vehicles
	67		Trailer - Roll off
	68		Vehicle - Other
	69		Backhoe Loaders
	70		Compaction Equipment
	71		Trailer Plate Van


  
 SIV-2 








 EXHIBIT A 

Form of Class [A-[    ] / B] Note 

CCG RECEIVABLES TRUST 2013-1 

[For Book-Entry Notes only] [UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY
(“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY
TRANSFER, PLEDGE OR OTHER USE OF THIS NOTE FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER OF THIS NOTE, CEDE & CO., HAS AN INTEREST IN THIS NOTE.] 

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), ANY UNITED STATES STATE
SECURITIES OR “BLUE SKY” LAWS OR ANY SECURITIES LAWS OF ANY OTHER JURISDICTION, AND, AS A MATTER OF UNITED STATES LAW, MAY NOT BE OFFERED OR SOLD IN VIOLATION OF THE ACT OR SUCH OTHER LAWS. THIS NOTE MAY BE TRANSFERRED ONLY IN MINIMUM
DENOMINATIONS OF $100,000 AND $1,000 INCREMENTS IN EXCESS THEREOF. THE HOLDER HEREOF, BY PURCHASING OR ACCEPTING THIS NOTE IS HEREBY DEEMED TO HAVE AGREED FOR THE BENEFIT OF THE ISSUER AND THE INITIAL PURCHASERS THAT IT WILL RESELL, PLEDGE OR
OTHERWISE TRANSFER THIS NOTE, AS A MATTER OF UNITED STATES LAW, ONLY (1) SO LONG AS THIS NOTE IS ELIGIBLE FOR RESALE, PURSUANT TO RULE 144A PROMULGATED UNDER THE ACT (“RULE 144A”), TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A
QUALIFIED INSTITUTIONAL BUYER, AS DEFINED IN RULE 144A (A “QUALIFIED INSTITUTIONAL BUYER”), THAT IS ACQUIRING THIS NOTE FOR ITS OWN ACCOUNT OR AS A FIDUCIARY OR AGENT FOR OTHERS (WHICH OTHERS MUST ALSO BE QUALIFIED INSTITUTIONAL BUYERS) TO
WHOM NOTICE IS GIVEN THAT THE RESALE OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A OR (2) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE ACT OTHER THAN RULE 144A, IN EACH CASE IN ACCORDANCE WITH ANY UNITED STATES STATE
SECURITIES OR “BLUE SKY” LAWS OR ANY SECURITIES LAWS OF ANY OTHER JURISDICTION. 
 EACH NOTEHOLDER OR NOTE OWNER, BY ACCEPTANCE OF
A NOTE, OR, IN THE CASE OF A NOTE OWNER, A BENEFICIAL INTEREST IN THE NOTE, SHALL BE DEEMED TO REPRESENT THAT (I) IT IS NOT, AND IS NOT ACTING ON BEHALF OF OR INVESTING THE ASSETS OF, (A) AN “EMPLOYEE BENEFIT PLAN” (WITHIN THE
MEANING OF SECTION 3(3) OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”)) THAT IS SUBJECT TO TITLE I OF ERISA, (B) A “PLAN” (WITHIN THE MEANING OF SECTION 4975(e)(1) OF THE INTERNAL REVENUE CODE
OF 1986, AS AMENDED (THE “CODE”)) THAT IS SUBJECT TO 

  
 EA-1 








 
SECTION 4975 OF THE CODE, (C) AN ENTITY WHOSE UNDERLYING ASSETS ARE DEEMED TO BE ASSETS OF AN EMPLOYEE BENEFIT PLAN OR PLAN DESCRIBED IN (A) OR (B) ABOVE BY REASON OF SUCH EMPLOYEE
BENEFIT PLAN’S OR PLAN’S INVESTMENT IN THE ENTITY (COLLECTIVELY, A “BENEFIT PLAN INVESTOR”) OR (D) ANY GOVERNMENTAL, CHURCH, NON-U.S. OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE, LOCAL OR NON-U.S. LAW OR REGULATION
THAT IS SUBSTANTIALLY SIMILAR TO ERISA OR SECTION 4975 OF THE CODE, OR (II) ITS ACQUISITION, HOLDING AND DISPOSITION OF THE NOTE (OR ANY BENEFICIAL INTEREST THEREIN) WILL NOT CONSTITUTE OR RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER ERISA OR
SECTION 4975 OF THE CODE OR RESULT IN A NON-EXEMPT VIOLATION OF ANY OTHER SUBSTANTIALLY SIMILAR APPLICABLE LAW. 
 THIS NOTE AND RELATED DOCUMENTATION MAY
BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME TO MODIFY THE RESTRICTIONS ON AND PROCEDURES UNDERTAKEN OR REPRESENTED BY THE HOLDER, FOR RESALES AND OTHER TRANSFERS OF THIS NOTE, TO REFLECT ANY CHANGE IN APPLICABLE LAWS OR REGULATIONS (OR THE
INTERPRETATION THEREOF) OR IN PRACTICES RELATING TO RESALES OR OTHER TRANSFERS OF RESTRICTED SECURITIES GENERALLY. THE HOLDER OF THIS NOTE AND ANY BENEFICIAL OWNER OF ANY INTEREST THEREIN SHALL BE DEEMED, BY ITS ACCEPTANCE OR PURCHASE HEREOF OR
THEREOF, TO HAVE AGREED TO ANY SUCH AMENDMENT OR SUPPLEMENT (EACH OF WHICH SHALL BE CONCLUSIVE AND BINDING ON THE HOLDER HEREOF AND ALL FUTURE HOLDERS OF THIS NOTE AND ANY NOTES ISSUED IN EXCHANGE OR SUBSTITUTION HEREFOR, WHETHER OR NOT ANY NOTATION
THEREOF IS MADE HEREON) AND AGREES TO TRANSFER THIS NOTE ONLY IN ACCORDANCE WITH ANY SUCH AMENDMENT OR SUPPLEMENT IN ACCORDANCE WITH APPLICABLE LAW IN EFFECT AT THE DATE OF SUCH TRANSFER. 

  
 EA-2 









			
	REGISTERED		$[        ]
		
	No. R-[    ]		[CUSIP Number]

 CCG RECEIVABLES TRUST 2013-1 

CLASS [A-[    ] / B] [    ]% ASSET BACKED NOTES 

CCG Receivables Trust 2013-1, a statutory trust organized under the laws of the State of Delaware (the “Issuer”), for value
received, promises to pay to [                    ], or registered assigns, the principal sum of
[                     DOLLARS [$        ]] payable on the fourteenth day of each calendar month, or, if any
such day is not a Business Day, the next succeeding Business Day, commencing in [            ], 2013 (each, a “Payment Date”) in an amount equal to the aggregate amount
payable to Noteholders of Class [A-[    ] / B] Notes on such Payment Date from the Collection Account in respect of principal on the Class [A-[    ] / B] Notes pursuant to Sections 4.5(a) and (b) of the
Indenture, dated as of [            ], 2013, (the “Indenture”), between the Issuer and U.S. Bank National Association, as Indenture Trustee (the “Indenture
Trustee”). However, the entire unpaid principal amount of this Note and accrued interest thereon will be due and payable on the earlier of the
[                    ] Payment Date (the “Class [A-[    ] / B] Maturity Date”) or the redemption date
pursuant to Section 3.13 of the Indenture. Notwithstanding the foregoing, the entire unpaid principal amount of the Notes will be due and payable on the date on which the Notes are declared to be immediately due and payable in the manner
provided in Section 7.2(a) of the Indenture. All principal payments on the Notes will be made ratably to the Noteholders entitled to such principal payments. Capitalized terms used but not otherwise defined in this Note are defined in the
Indenture. 
 The Issuer will pay interest on this Note at the rate per annum shown above on each Payment Date until the principal of this
Note is paid or made available for payment, on the principal amount of this Note outstanding on the preceding Payment Date (after giving effect to all payments of principal made on the preceding Payment Date), subject to certain limitations
contained in the Indenture. Interest on this Note will accrue for each Payment Date [Class A-1:][from and including the previous Payment Date on which interest has been paid (or, in the case of the initial Payment Date, from and including the
Closing Date) to but excluding such Payment Date][other than Class A-1][from and including the fourteenth day of the calendar month preceding such Payment Date (or, in the case of the first Payment Date, from and including the Closing
Date) to but excluding the fourteenth day of the calendar month of such Payment Date]. [Class A-1:][Interest will be computed on the basis of actual days elapsed in the related Interest Period and a 360-day year.][other than
Class A-1:][Interest will be computed on the basis of a 360-day year of twelve 30 day months.] 
 The principal of and interest on
this Note are payable in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. All payments made by the Issuer with respect to this Note will be applied first to
interest due and payable on this Note as provided above and then to the unpaid principal of this Note. 

  
 EA-3 








 The Notes are and will be equally and ratably secured by the collateral pledged as security
therefor as provided in the Indenture. Interest on and principal of the Notes will be payable in accordance with the priority of payments set forth in Sections 4.5(a) and (b) of the Indenture. [for Class A-2 and Class B only:] [The
Class [A-2][B] Notes are subordinated in right of payment to the Class [A-1][A] Notes.] 
 Payments of interest on this Note on each
Payment Date, together with any installment of principal to the extent not in full payment of this Note, will be made to the Registered Noteholder of this Note either by wire transfer in immediately available funds, to the account of such Noteholder
at a bank or other entity having appropriate facilities for such wire transfer, if such Noteholder has provided to the Note Registrar appropriate written instructions at least five Business Days before such Payment Date and such Noteholder’s
Notes in the aggregate evidence a denomination of not less than $1,000,000, or, if not, by check mailed first class mail, postage prepaid, to such Registered Noteholder’s address as it appears on the Note Register on each Record Date. However,
unless Definitive Notes have been issued to [Note Owner]s, payment will be made by wire transfer in immediately available funds to the account designated by Cede & Co., as nominee of the Clearing Agency or any successor nominee. Such payments
will be made without requiring that this Note be submitted for notation of payment. Any reduction in the principal amount of this Note effected by any payments made on any Payment Date will be binding upon all future Noteholders of this Note and of
any Note issued upon the registration of transfer of this Note or in exchange of this Note or in lieu of this Note, whether or not noted on this Note. If funds are expected to be available for payment in full of the then remaining unpaid principal
amount of this Note on a Payment Date, then the Indenture Trustee, in the name of and on behalf of the Issuer, will notify the Registered Noteholder of this Note as of the preceding Record Date by notice mailed or transmitted by facsimile before
such Payment Date, and the amount then due and payable will be payable only upon presentation and surrender of this Note at the Indenture Trustee’s Corporate Trust Office or at the office of the Indenture Trustee’s agent appointed for such
purposes located in The City of St. Paul, Minnesota. 
 The Issuer will pay interest on overdue installments of interest at the Note Rate
set forth herein to the extent lawful. 
 The Notes may be redeemed, in whole but not in part, in the manner and to the extent described in
the Indenture and the Sale and Servicing Agreement. 
 The transfer of this Note is subject to the restrictions on transfer specified on the
face of this Note and to the other limitations set forth in the Indenture. Subject to the satisfaction of such restrictions and limitations, the transfer of this Note may be registered on the Note Register upon surrender of this Note for
registration of transfer at the office or agency designated by the Issuer pursuant to the Indenture, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Indenture Trustee duly executed by, the Noteholder
of this Note or such Noteholder’s attorney duly authorized in writing, with such signature guaranteed by an “eligible guarantor institution” meeting the requirements of the Note Registrar, and thereupon one or more new Notes in
authorized denominations and in the same aggregate principal amount will be issued to the designated transferee or transferees. No service charge will be charged for any registration of transfer or exchange of this Note, but the transferor may be
required to pay an amount sufficient to cover any tax or other governmental charge that may be imposed in connection with any such registration of transfer or exchange. 

  
 EA-4 








 Each Noteholder or [Note Owner], by its acceptance of a Note [or, in the case of a Note Owner, a
beneficial interest in a Note], covenants and agrees that no recourse may be taken, directly or indirectly, with respect to the obligations of the Issuer, the Owner Trustee or the Indenture Trustee on the Notes or under the Indenture or any
certificate or other writing delivered in connection with the Notes and the Indenture, against (i) the Indenture Trustee or the Owner Trustee, each in its individual capacity, (ii) any holder of a beneficial interest in the Issuer,
(iii) any partner, owner, beneficiary, agent, officer, director, employee or agent of the Indenture Trustee or the Owner Trustee, each in its individual capacity, or (iv) any holder of a beneficial interest in the Owner Trustee or the
Indenture Trustee, each in its individual capacity, except as any such Person may have agreed. 
 The obligations of the Issuer under the
Indenture are solely the obligations of the Issuer and do not represent any obligation or interest in any assets of the Depositor. Each Noteholder and [Note Owner], by its acceptance of a Note or a beneficial interest in a Note, acknowledges and
agrees that it has no right, title or interest in or to any Other Assets of the Depositor. Notwithstanding the preceding sentence, if such Noteholder or [Note Owner] either (i) asserts an interest or claim to, or benefit from, Other Assets, or
(ii) is deemed to have any such interest, claim to, or benefit in or from Other Assets, whether by operation of law, legal process, pursuant to insolvency laws or otherwise (including by virtue of Section 1111(b) of the Bankruptcy Code),
then such Noteholder or [Note Owner] further acknowledges and agrees that any such interest, claim or benefit in or from Other Assets is and will be expressly subordinated to the indefeasible payment in full of the other obligations and liabilities,
which, under the relevant documents relating to the securitization or conveyance of such Other Assets, are entitled to be paid from, entitled to the benefits of, or otherwise secured by such Other Assets (whether or not any such entitlement or
security interest is legally perfected or otherwise entitled to a priority of distributions or application under applicable law, including insolvency laws, and whether or not asserted against the Depositor), including the payment of post-petition
interest on such other obligations and liabilities. 
 The Issuer has entered into the Indenture and this Note is issued with the intention
that, for federal, state, and local income and franchise tax purposes, Notes that are beneficially owned by a Person other than Commercial Credit Group Inc. or its Affiliates will qualify as indebtedness of the Issuer secured by the Collateral. Each
Noteholder or [Note Owner], by its acceptance of a Note or a beneficial interest in a Note, will be deemed to agree to treat the Notes for federal, state and local income, single business and franchise tax purposes as indebtedness of the Issuer.

 With respect to any date of determination, the Issuer, the Indenture Trustee and any agent of the Issuer or the Indenture Trustee may
treat the Person in whose name this Note is registered as of such date as the owner of such Note for the purpose of receiving payments of principal of and any interest on such Note and for all other purposes, and none of the Issuer, the Indenture
Trustee or any agent of the Issuer or the Indenture Trustee will recognize notice to the contrary. 

  
 EA-5 








 The Indenture permits, with certain exceptions requiring the consent of all adversely affected
Noteholders as provided in the Indenture, the amendment of the Indenture and the modification of the rights and obligations of the Issuer and the rights of the Noteholders under the Indenture by the Issuer with the consent of the Majority Holders.

 The term “Issuer”, as used in this Note, includes any successor to the Issuer under the Indenture. 

The Issuer is permitted by the Indenture, under certain circumstances, to merge or consolidate, subject to the rights of the Indenture Trustee
and the Noteholders under the Indenture. 
 The Notes are issuable only in registered form in denominations as provided in the Indenture,
subject to certain limitations set forth in the Indenture. 
 THIS NOTE AND THE INDENTURE WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK. 
 No reference in this Note to the Indenture, and no provision of this Note or of the Indenture,
will alter or impair the obligation of the Issuer, which is absolute and unconditional, to pay the principal of and interest on this Note at the time, place and rate, and in the coin or currency prescribed in this Note. 

Anything in this Note to the contrary notwithstanding, except as provided in the Transaction Documents, none of U.S. Bank National
Association, in its individual capacity, Wilmington Trust, National Association, in its individual capacity, any owner of a beneficial interest in the Issuer, or any of their respective partners, beneficiaries, agents, officers, directors, employees
or successors or assigns will be personally liable for, nor will recourse be had to any of them for, the payment of principal or of interest on this Note or performance of, or omission to perform, any of the covenants, obligations or
indemnifications contained in the Indenture. The Noteholder of this Note, by its acceptance of this Note, agrees that, except as provided in the Transaction Documents, in the case of an Event of Default under the Indenture, the Noteholder has no
claim against any of the foregoing for any deficiency, loss or claim therefrom; provided, however, that nothing contained in this Note will be taken to prevent recourse to, and enforcement against, the assets of the Issuer for any and all
liabilities, obligations and undertakings contained in the Indenture or in this Note. 
 Unless the certificate of authentication on this
Note has been executed by the Indenture Trustee whose name appears below by manual signature, this Note will not be entitled to any benefit under the Indenture, or be valid or obligatory for any purpose. 

[Remainder of This Page Intentionally Left Blank] 

  
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 The Issuer has caused this instrument to be signed, manually or in facsimile, by its Responsible
Officer, as of the date set forth below. 
 Date:
[                    ] 
  

			
	CCG RECEIVABLES TRUST 2013-1
		
	By:		 WILMINGTON TRUST, NATIONAL ASSOCIATION,
 not in
its individual capacity but solely as Owner Trustee of CCG Receivables Trust 2013-1

		
	By:		  

			Responsible Officer


 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Class [A-[    ]][B] Notes designated above and referred to in the Indenture. 

Date: [                    ] 

 

			
	U. S. BANK NATIONAL ASSOCIATION,
not in its individual capacity but solely as Indenture Trustee
		
	By:		  

			Responsible Officer



  
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 ASSIGNMENT 

Social Security or taxpayer I.D. or other identifying number of assignee: 

                          
                                         
                                         
                . 
 FOR VALUE RECEIVED, the undersigned hereby sells,
assigns and transfers unto: 
  

	
	  

	(name and address of assignee)

 the within Note and all rights under said Note, and hereby irrevocably constitutes and appoints
                    , attorney, to transfer said Note on the books kept for registration of said Note, with full power of substitution in the
premises. 
  

											
	Dated:		  
						  
		*/
						
									Signature Guaranteed*/		

  

	*/	NOTICE: The signature to this assignment must correspond with the name of the registered owner as it appears on the face of the within Note in every particular, without alteration, enlargement or any change whatever.
Such signature must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Note Registrar, which requirements include membership or participation in the Securities Transfer Agents Medallion Program or such
other “signature guarantee program” as may be determined by the Note Registrar in addition to, or in substitution for, the Securities Transfer Agents Medallion Program, all in accordance with the Exchange Act. 


  
 EA-8