exv4w2



 






Exhibit 4.2

OH&S
LLP 
Draft of 4/28/05




     AMENDED AND RESTATED TRUST AGREEMENT dated as of April 28, 2005, between CATERPILLAR
FINANCIAL FUNDING CORPORATION, a Nevada corporation, as seller (the “Seller”), and CHASE BANK USA,
NATIONAL ASSOCIATION, as trustee (the “Owner Trustee”).



ARTICLE I




DEFINITIONS




          Section 1.01. Capitalized Terms. For all purposes of this Agreement, the following
terms shall have the meanings set forth below:




     “Administration Agreement” means the Administration Agreement, dated as of April 1,
2005, among the Administrator, the Trust, the Seller and the Indenture Trustee, as the same may be
amended, modified or supplemented from time to time.



     “Administrator” means Caterpillar Financial Services Corporation, a Delaware
corporation, or any successor Administrator under the Administration Agreement.



     “Agreement” means this Trust Agreement, as the same may be amended, modified or
supplemented from time to time.



     “Basic Documents” means the Purchase Agreement, the Sale and Servicing Agreement, the
Indenture, the Administration Agreement, the Depository Agreement, the Custodial Agreement, the
Notes, the Certificates and the other documents and certificates delivered in connection therewith.



     “Benefit Plan Investor” has the meaning specified in Section 11.13.



     “Certificate Balance” has the meaning specified in the Sale and Servicing Agreement.



     “Certificate Distribution Account” has the meaning specified in Section 5.01.



     “Certificateholder” means the registered holder of the Certificate.



     “Certificate of Trust” means the Certificate of Trust in the form of Exhibit B which
has been filed for the Trust pursuant to Section 3810(a) of the Statutory Trust Statute.



     “Certificate Register” and “Certificate Registrar” means the register
mentioned and the registrar appointed pursuant to Section 3.04.



     “Certificateholder Certification” means a certification with respect to non-foreign
status and Benefit Plan Investor status in the form of Exhibit C.



     “Code” means the Internal Revenue Code of 1986, as amended.



     “Corporate Trust Office” means, with respect to the Owner Trustee, the principal
corporate trust office of the Owner Trustee located at c/o JPMorgan Chase, N.A., 500 Stanton



 









 







Christiana Road, OPS4, 3rd Floor, Newark, Delaware 19713; or at such other address as the
Owner Trustee may designate by notice to the Certificateholder and the Seller, or the principal
corporate trust office of any successor Owner Trustee (the address of which the successor owner
trustee will notify the Seller and the Owner).



     “Depository Agreement” means the agreement, dated April 27, 2005, among the Trust, the
Indenture Trustee and The Depository Trust Company.



     “Expenses” has the meaning specified in Section 8.02.



     “Indemnified Parties” has the meaning specified in Section 8.02.



     “Indenture” means the Indenture, dated as of April 1, 2005, between the Trust and the
Indenture Trustee, as the same may be amended, modified or supplemented from time to time.



     “Indenture Trustee” means U.S. Bank National Association, not in its individual
capacity but solely as Indenture Trustee under the Indenture, and any successor Indenture Trustee
under the Indenture.



     “Original Trust Agreement” means the Trust Agreement, dated as of April 8, 2005,
between Seller and Owner Trustee.



     “Owner Trust Estate” means all right, title and interest of the Trust in and to the
property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing
Agreement, all funds on deposit from time to time in the Trust Accounts and the Certificate
Distribution Account and all other property of the Trust from time to time, including any rights of
the Owner Trustee and the Trust pursuant to the Sale and Servicing Agreement and the Administration
Agreement.



     “Owner Trustee” means Chase Bank USA, National Association, a national banking
association, not in its individual capacity but solely as owner trustee under this Agreement, and
any successor Owner Trustee hereunder.



     “Paying Agent” means any paying agent or co-paying agent appointed pursuant to
Section 3.09 and shall initially be JPMorgan Chase Bank, N.A.



     “Record Date” means, with respect to any Distribution Date and the Certificates, at
the close of business on the last calendar day of the month preceding the month in which such
Distribution Date occurs.



     “Sale and Servicing Agreement” shall mean the Sale and Servicing Agreement, dated as
of April 1, 2005, among the Trust, the Seller, as seller, and Caterpillar Financial Services
Corporation, as servicer, as the same may be amended, modified or supplemented from time to time.



     “Secretary of State” shall mean the Secretary of State of the State of Delaware.



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



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     “Seller” means Caterpillar Financial Funding Corporation in its capacity as Seller,
and its successors in such capacity.



     “Statutory Trust Statute” means Chapter 38 of Title 12 of the Delaware Code, 12
Del. Code § 3801 et seq., as the same may be amended from time to time.



     “Treasury Regulations” means regulations, including proposed or temporary regulations,
promulgated under the Code. References herein to specific provisions of proposed or temporary
regulations shall include analogous provisions of final Treasury Regulations or other successor
Treasury Regulations.



     “Trust” means the trust established by this Agreement.



          Section 1.02. Other Definitional Provisions.




          (a) Capitalized terms used herein and not otherwise defined have the meanings assigned to them
in the Sale and Servicing Agreement or, if not defined therein, in the Indenture.




          (b) All terms defined in this Agreement shall have the defined meanings when used in any
certificate or other document made or delivered pursuant hereto unless otherwise defined therein.




          (c) As used in this Agreement and in any certificate or other document made or delivered
pursuant hereto or thereto, accounting terms not defined in this Agreement or in any such
certificate or other document, and accounting terms partly defined in this Agreement or in any such
certificate or other document to the extent not defined, shall have the respective meanings given
to them under generally accepted accounting principles. To the extent that the definitions of
accounting terms in this Agreement or in any such certificate or other document are inconsistent
with the meanings of such terms under generally accepted accounting principles, the definitions
contained in this Agreement or in any such certificate or other document shall control.




          (d) The words “hereof,” “herein,” “hereunder,” and words of similar import when used in this
Agreement shall refer to this Agreement as a whole and not to any particular provision of this
Agreement; Section and Exhibit references contained in this Agreement are references to Sections
and Exhibits in or to this Agreement unless otherwise specified; and the term “including” shall
mean “including without limitation”; the term “or” is not exclusive; and the term “proceeds” has
the meaning set forth in the UCC.




          (e) The definitions contained in this Agreement are applicable to the singular as well as the
plural forms of such terms and to the masculine as well as to the feminine and neuter genders of
such terms.




ARTICLE II




ORGANIZATION




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          Section 2.01. Name. The Trust created hereby shall be known as “Caterpillar Financial
Asset Trust 2005-A,” in which name the Owner Trustee may conduct the business of the Trust, make
and execute contracts and other instruments on behalf of the Trust and sue and be sued.




          Section 2.02. Office. The office of the Trust shall be in care of the Owner Trustee
at the Corporate Trust Office or at such other address in the State of Delaware as the Owner
Trustee may designate by written notice to the Seller.




          Section 2.03. Purpose and Powers.




          (a) The purpose of the Trust is to engage in the following activities:




          (i) to issue the Class A-1 Notes, Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes
and the Class B Notes pursuant to the Indenture and the Certificate pursuant to this Agreement, and
to sell $214,300,000 aggregate principal amount of the Class A-1 Notes, $219,000,000 aggregate
principal amount of Class A-2 Notes, $244,000,000 aggregate principal amount of the Class A-3
Notes, $142,360,000 aggregate principal amount of the Class A-4 Notes, $23,480,000 aggregate
principal amount of Class B Notes to or upon the written order of the Seller pursuant to
Section 2.01 of the Sale and Servicing Agreement and issue the Certificate with an initial
Certificate Balance of $10,677,293 to or upon the written order of the Seller pursuant to
Section 2.01 of the Sale and Servicing Agreement;




          (ii) with the proceeds from capital contributions from the Seller to pay the organizational,
start-up and transactional expenses of the Trust and to fund the Reserve Account;




          (iii) to assign, grant, transfer, pledge, mortgage and convey the Trust Estate pursuant to the
Indenture and to hold, manage and distribute to the Certificateholder pursuant to the terms of the
Sale and Servicing Agreement and this Agreement any portion of the Trust Estate released from the
Lien of, and remitted to the Trust pursuant to, the Indenture;




          (iv) to enter into and perform its obligations under the Basic Documents to which it is to be
a party;




          (v) to engage in those activities, including entering into agreements, that are necessary,
suitable or convenient to accomplish the foregoing or are incidental thereto or connected
therewith; and




          (vi) subject to compliance with the Basic Documents, to engage in such other activities as may
be required in connection with conservation of the Owner Trust Estate and the making of
distributions to the Certificateholder and the Noteholders.




The Trust shall not engage in any activity other than in connection with the foregoing or other
than as required or authorized by the terms of this Agreement or the Basic Documents.




          Section 2.04. Appointment of Owner Trustee. The Seller hereby appoints the Owner
Trustee as trustee of the Trust effective as of the date hereof, to have all the rights, powers and
duties set forth herein.




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          Section 2.05. Initial Capital Contribution of Trust Estate. Pursuant to the Original
Trust Agreement, the Seller sold, assigned, transferred, conveyed and set over to the Owner
Trustee, as of the date thereof, the sum of $100. The Owner Trustee hereby acknowledges receipt in
trust from the Seller, as of the date of the Original Trust Agreement, of the foregoing
contribution, which shall constitute the initial Owner Trust Estate and shall be deposited in the
Certificate Distribution Account. The Seller shall pay organizational expenses of the Trust as they
may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for
any such expenses paid by the Owner Trustee.




          Section 2.06. Declaration of Trust. The Owner Trustee hereby declares that it will
hold the Owner Trust Estate in trust upon and subject to the conditions set forth herein for the
use and benefit of the Certificateholder, subject to the obligations of the Trust under the Basic
Documents. It is the intention of the parties hereto that the Trust constitute a statutory trust
under the Statutory Trust Statute and that this Agreement constitute the governing instrument of
such statutory trust. It is the intention of the parties hereto that, for income and franchise tax
purposes, the Trust shall be treated as a “disregarded entity” and, therefor, shall be disregarded
as an entity separate from the Certificateholder. The parties agree that, unless otherwise
required by appropriate tax authorities, the Trust will file or cause to be filed annual or other
necessary returns, reports and other forms consistent with the characterization of the Trust as a
disregarded entity for such tax purposes. Effective as of the date hereof, the Owner Trustee shall
have all rights, powers and duties set forth herein and in the Statutory Trust Statute with respect
to accomplishing the purposes of the Trust.




          Section 2.07. Liability of the Certificateholder. The Certificateholder shall not
have any personal liability for any liability or obligation of the Trust.




          Section 2.08. Title to Trust Property. Legal title to all the Owner Trust Estate
shall be vested at all times in the Trust as a separate legal entity except where applicable law in
any jurisdiction requires title to any part of the Owner Trust Estate to be vested in a trustee or
trustees, in which case title shall be deemed to be vested in the Owner Trustee, a co-trustee or a
separate trustee, as the case may be.




          Section 2.09. Situs of Trust. The Trust will be located and administered in the State
of Delaware. All bank accounts maintained by the Owner Trustee on behalf of the Trust shall be
located in the State of Delaware or the State of New York. The Trust shall not have any employees
in any state other than Delaware; provided, however, that nothing herein shall
restrict or prohibit the Owner Trustee from having employees within or without the State of
Delaware. Payments will be received by the Trust only in Delaware or New York, and payments will
be made by the Trust only from Delaware or New York. The only office of the Trust will be at the
Corporate Trust Office in Delaware.




          Section 2.10. Representations and Warranties of Seller. The Seller hereby represents
and warrants to the Owner Trustee that:




          (a) The Seller is duly organized and validly existing as a corporation in good standing under
the laws of the State of Nevada, with power and authority to own its properties




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and to conduct its business as such properties are currently owned and such business is
presently conducted.




          (b) The Seller is duly qualified to do business as a foreign corporation in good standing, and
has obtained all necessary licenses and approvals in all jurisdictions in which the failure to so
qualify or to obtain such license or approval would render any Receivable unenforceable that would
otherwise be enforceable by the Seller, the Servicer or the Owner Trustee.




          (c) The Seller has the power and authority to execute and deliver this Agreement and to carry
out its terms; the Seller has full power and authority to sell and assign the property to be sold
and assigned to and deposited with the Trust and the Seller shall have duly authorized such sale
and assignment and deposit to the Trust by all necessary corporate action; and the execution,
delivery and performance of this Agreement has been duly authorized by the Seller by all necessary
corporate action.




          (d) The consummation of the transactions contemplated by this Agreement and the fulfillment of
the terms hereof do not conflict with, result in any breach of any of the terms and provisions of,
or constitute (with or without notice or lapse of time) a default under, the certificate of
incorporation or by-laws of the Seller, or any indenture, agreement or other instrument to which
the Seller is a party or by which it is bound; nor result in the creation or imposition of any Lien
upon any of its properties pursuant to the terms of any such indenture, agreement or other
instrument (other than pursuant to the Basic Documents); nor violate any law or, to the best of the
Seller’s knowledge, any order, rule or regulation applicable to the Seller of any court, federal or
state regulatory body, administrative agency or other governmental instrumentality having
jurisdiction over the Seller or its properties.




          (e) There are no proceedings or investigations pending, or, to the best of Seller’s knowledge,
threatened, before any court, federal or state regulatory body, administrative agency or other
governmental instrumentality having jurisdiction over the Seller or its properties which (i) assert
the invalidity of this Agreement or any of the Basic Documents, (ii) seek to prevent the
consummation of any of the transactions contemplated by this Agreement or any of the Basic
Documents, or (iii) seek any determination or ruling that might materially and adversely affect the
performance by the Seller of its obligations under, or the validity or enforceability of, this
Agreement or any of the Basic Documents.




          Section 2.11. Amended and Restated Trust Agreement. This Agreement amends and
restates in its entirety the Original Trust Agreement.




ARTICLE III




CERTIFICATES AND TRANSFER OF INTERESTS




          Section 3.01. Initial Ownership. Upon the formation of the Trust by the contribution
by the Seller pursuant to Section 2.05 and thereafter so long as the Seller remains the
“Certificateholder,” the Seller shall be the sole beneficiary of the Trust. Notwithstanding any
other provision of this Agreement, the interest of the Seller in the Trust (including its interest
by




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virtue of being the Holder of the Certificate) shall be transferable only in whole and any
successor to the Seller pursuant to such a transfer shall thenceforth be deemed the Seller for
purposes of this Agreement. No such transfer shall be effective until such time as written notice
thereof signed by both the transferor and transferee and an executed copy of the Certificateholder
Certification are delivered to the Owner Trustee.




          Section 3.02. Form of Certificates. The Certificate shall be issued in an original
Certificate Balance of $10,677,293. The Certificate shall be executed on behalf of the Trust by
manual or facsimile signature of a Trust Officer of the Owner Trustee. The Certificate bearing the
manual or facsimile signatures of individuals who were, at the time when such signatures shall have
been affixed, authorized to sign on behalf of the Trust, shall, when duly authenticated pursuant to
Section 3.03, be validly issued and entitled to the benefits of this Agreement,
notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to
the authentication and delivery of the Certificate or did not hold such offices at the date of
authentication and delivery of the Certificate.




          Section 3.03. Authentication of the Certificate. Concurrently with the initial sale
of the Receivables to the Trust pursuant to the Sale and Servicing Agreement, the Owner Trustee
shall cause the Certificate in a principal amount equal to the initial Certificate Balance to be
executed on behalf of the Trust, authenticated and delivered to or upon the written order of the
Seller, signed by its Chairman of the Board, its President, any Vice President, its Treasurer, its
Secretary or any Assistant Treasurer, without further corporate action by the Seller. The
Certificate shall not entitle its Holder to any benefit under this Agreement, or be valid for any
purpose, unless there shall appear on the Certificate a certificate of authentication substantially
in the form set forth in Exhibit A executed by the Owner Trustee or the Owner Trustee’s
authentication agent, by manual signature; such authentication shall constitute conclusive evidence
that the Certificate shall have been duly authenticated and delivered hereunder. The Certificate
shall be dated the date of its authentication.




          Section 3.04. Registration of Transfer of the Certificate. The Certificate Registrar
shall keep or cause to be kept, at the office or agency maintained pursuant to Section
3.08, a Certificate Register in which, subject to such reasonable regulations as it may
prescribe, the Owner Trustee shall provide for the registration of the Certificate and of transfers
of the Certificate as herein provided. JPMorgan Chase Bank, N.A. shall be the initial Certificate
Registrar.




     Upon surrender for registration of transfer of the Certificate at the office or agency
maintained pursuant to Section 3.08, the Owner Trustee shall execute, authenticate and
deliver (or shall cause its authenticating agent to authenticate and deliver), in the name of the
designated transferee or transferees, a new Certificate of a like aggregate amount dated the date
of authentication by the Owner Trustee or any authenticating agent. The Owner Trustee shall not
register a transfer of any Certificate unless the transferee of the Certificate delivers to the
Certificate Registrar and authenticating agent an executed Certificateholder Certification.



     The Certificate presented or surrendered for registration of transfer shall be accompanied by
a written instrument of transfer in form satisfactory to the Owner Trustee and the Certificate
Registrar duly executed by the Holder or its attorney duly authorized in writing, along with a



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Certificateholder Certification duly executed by the transferee of such Certificate. The
Certificate surrendered for registration of transfer shall be cancelled and subsequently disposed
of by the Owner Trustee in accordance with its customary practice.



     No service charge shall be made for any registration of transfer of the Certificate, but the
Owner Trustee or the Certificate Registrar may require payment of a sum sufficient to cover any tax
or governmental charge that may be imposed in connection with any transfer or exchange of the
Certificate.



     The Certificate has not been and will not be registered under the Securities Act, or any state
securities laws and neither the Certificate nor any interest therein may be offered, sold, pledged
or otherwise transferred except in accordance with applicable securities laws of any state of the
United States and in reliance on the private placement exemption of the Securities Act. The
Trustee may (but shall not be obligated) at any time or times request an Opinion of Counsel as to
compliance with this restriction in connection with any transfer of a Certificate.



          Section 3.05. Mutilated, Destroyed, Lost or Stolen Certificate. If (a) the
Certificate is mutilated and shall be surrendered to the Certificate Registrar, or if the
Certificate Registrar shall receive evidence to its satisfaction of the destruction, loss or theft
of the Certificate and (b) there shall be delivered to the Certificate Registrar and the Owner
Trustee such security or indemnity as may be required by them to save each of them harmless, then
in the absence of notice that the Certificate shall have been acquired by a protected purchaser,
the Owner Trustee on behalf of the Trust shall execute and the Owner Trustee, or the Owner
Trustee’s authenticating agent, shall authenticate and deliver, in exchange for or in lieu of any
such mutilated, destroyed, lost or stolen Certificate, a new Certificate of like tenor and
denomination. In connection with the issuance of any new Certificate under this Section, the Owner
Trustee or the Certificate Registrar may require the payment of a sum sufficient to cover any tax
or other governmental charge that may be imposed in connection therewith. Any duplicate
Certificate issued pursuant to this Section shall constitute conclusive evidence of an ownership
interest in the Trust, as if originally issued, whether or not the lost, stolen or destroyed
Certificate shall be found at any time.




          Section 3.06. Persons Deemed Owner. Prior to due presentation of the Certificate for
registration of transfer, the Owner Trustee or the Certificate Registrar may treat the Person in
whose name a Certificate is registered in the Certificate Register as the owner of such Certificate
for the purpose of receiving distributions pursuant to Section 5.02 and for all other
purposes whatsoever, and neither the Owner Trustee nor the Certificate Registrar shall be bound by
any notice to the contrary.




          Section 3.07. Access to List of Certificateholder’s Names and Addresses. The Owner
Trustee shall furnish or cause to be furnished to the Servicer and the Seller, within 15 days after
receipt by the Owner Trustee of a request therefor from the Servicer or the Seller in writing, the
name and address of the Certificateholder as of the most recent Record Date. The Holder, by
receiving and holding the Certificate, shall be deemed to have agreed not to hold either the Seller
or the Owner Trustee accountable by reason of the disclosure of its name and address, regardless of
the source from which such information was derived.




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          Section 3.08. Maintenance of Office or Agency. The Owner Trustee shall maintain in
the Borough of Manhattan, in the City of New York, an office or offices or agency or agencies where
notices and demands to or upon the Owner Trustee in respect of the Certificate and the Basic
Documents may be served. The Owner Trustee initially designates JPMorgan Chase Bank, N.A., 4 New
York Plaza, New York, New York 10004 as its principal corporate trust office for such purposes. The
Owner Trustee shall give prompt written notice to the Seller of any change in the location of the
Certificate Register or any such office or agency.




          Section 3.09. Appointment of Paying Agents. The Paying Agent shall make distributions
to the Certificateholder from the Certificate Distribution Account pursuant to Section 5.02
and shall report the amounts of such distributions to the Owner Trustee. Any Paying Agent shall
have the revocable power to withdraw funds from the Certificate Distribution Account for the
purpose of making the distributions referred to above. The Owner Trustee may revoke such power and
remove the Paying Agent if the Owner Trustee determines in its sole discretion that the Paying
Agent shall have failed to perform its obligations under this Agreement in any material respect.
The Paying Agent shall initially be JPMorgan Chase Bank, N.A., and any co-paying agent chosen by
JPMorgan Chase Bank, N.A., and acceptable to the Owner Trustee. JPMorgan Chase Bank, N.A. shall be
permitted to resign as Paying Agent upon 30 days’ written notice to the Owner Trustee. In the
event that JPMorgan Chase Bank, N.A. shall no longer be the Paying Agent, the Owner Trustee shall
appoint a successor to act as Paying Agent (which shall be a bank or trust company). The Owner
Trustee shall cause such successor Paying Agent or any additional Paying Agent appointed by the
Owner Trustee to execute and deliver to the Owner Trustee an instrument in which such successor
Paying Agent or additional Paying Agent shall agree with the Owner Trustee that as Paying Agent,
such successor Paying Agent or additional Paying Agent will hold all sums, if any, held by it for
payment to the Certificateholder in trust for the benefit of the Certificateholder entitled thereto
until such sums shall be paid to the Certificateholder. The Paying Agent shall return all
unclaimed funds to the Owner Trustee and upon removal of a Paying Agent such Paying Agent shall
also return all funds in its possession to the Owner Trustee. The provisions of Sections
7.01, 7.03, 7.04 and 8.01 shall apply to the Owner Trustee also in its
role as Paying Agent, for so long as the Owner Trustee shall act as Paying Agent and, to the extent
applicable, to any other paying agent appointed hereunder. Any reference in this Agreement to the
Paying Agent shall include any co-paying agent unless the context requires otherwise.




          Section 3.10. Certificates Nonassessable and Fully Paid. The interests represented by
the Certificates shall be nonassessable for any losses or expenses of the Issuer or for any reason
whatsoever, and, upon the authentication thereof by the Owner Trustee pursuant to Section 3.03,
3.04 or 3.05, the Certificates are and shall be deemed fully paid.




ARTICLE IV




ACTIONS BY OWNER TRUSTEE




          Section 4.01. Prior Notice to Certificateholder with Respect to Certain Matters. With
respect to the following matters, the Owner Trustee shall not take action unless at least 30 days
before the taking of such action, the Owner Trustee shall have notified the Certificateholder in
writing of the proposed action and the Holder shall not have notified
the Owner Trustee in




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 writing prior to the 30th day after such notice is given that the Holder has
withheld consent or provided alternative direction:




          (a) the initiation of any claim or lawsuit by the Trust (other than an action to collect on a
Receivable) and the compromise of any action, claim or lawsuit brought by or against the Trust
(other than an action to collect on a Receivable);




          (b) the election by the Trust to file an amendment to the Certificate of Trust;




          (c) the amendment of the Indenture by a supplemental indenture in circumstances where the
consent of any Noteholder is required;




          (d) the amendment of the Indenture by a supplemental indenture in circumstances where the
consent of any Noteholder is not required and such amendment materially adversely affects the
interest of the Certificateholder;




          (e) the amendment, change or modification of the Administration Agreement, except to cure any
ambiguity or to amend or supplement any provision in a manner that would not materially adversely
affect the interests of the Certificateholder; or




          (f) the appointment pursuant to the Indenture of a successor Note Registrar, Paying Agent or
Trustee or the appointment pursuant to this Agreement of a successor Certificate Registrar, or the
consent to the assignment by the Note Registrar, Paying Agent or Trustee or Certificate Registrar
of its obligations under the Indenture or this Agreement, as applicable.




          Section 4.02. Action By the Certificateholder with Respect to Certain Matters. The
Owner Trustee shall not have the power, except upon the direction of the Certificateholder, to (a)
remove the Administrator under the Administration Agreement pursuant to Section 8 thereof, (b)
appoint a successor Administrator pursuant to Section 8 of the Administration Agreement, (c) remove
the Servicer under the Sale and Servicing Agreement pursuant to Section 8.01 thereof or (d) except
as expressly provided in the Basic Documents, sell the Receivables after the termination of the
Indenture. The Owner Trustee shall take the actions referred to in the preceding sentence only
upon written instructions signed by the Certificateholder.




          Section 4.03. Action By Certificateholder with Respect to Bankruptcy. The Owner
Trustee shall not have the power to commence a voluntary proceeding in bankruptcy relating to the
Trust without the prior approval of the Certificateholder and the delivery to the Owner Trustee by
the Certificateholder of a certificate certifying that the Certificateholder reasonably believes
that the Trust is insolvent.




          Section 4.04. Restrictions on Certificateholder’s Power. The Certificateholder shall
not direct the Owner Trustee to take or refrain from taking any action if such action or inaction
would be contrary to any obligation of the Trust or the Owner Trustee under this Agreement or any
of the Basic Documents or would be contrary to Section 2.03 nor shall the Owner Trustee be
obligated to follow any such direction, if given.




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ARTICLE V




APPLICATION OF TRUST FUNDS; CERTAIN DUTIES




          Section 5.01. Establishment of Trust Account. The Owner Trustee, for the benefit of
the Certificateholder, shall establish and maintain in the name of the Trust an Eligible Securities
Account (the “Certificate Distribution Account”), bearing a designation clearly indicating that the
funds deposited therein are held for the benefit of the Certificateholder.




          The Owner Trustee shall possess all right, title and interest in all funds on deposit from
time to time in the Certificate Distribution Account and in all proceeds thereof. Except as
otherwise provided herein, the Certificate Distribution Account shall be under the sole dominion
and control of the Owner Trustee for the benefit of the Certificateholder. If, at any time, the
Certificate Distribution Account ceases to be an Eligible Securities Account, the Owner Trustee
shall within 10 Business Days following notification of such occurrence (or such longer period, not
to exceed 30 calendar days, as to which each Rating Agency may consent) establish a new Certificate
Distribution Account as an Eligible Securities Account and shall transfer any cash or any
investments to such new Certificate Distribution Account.




          Section 5.02. Application of Trust Funds.




          (a) On each Distribution Date, the Owner Trustee will distribute amounts deposited in the
Certificate Distribution Account pursuant to Sections 5.04 and 5.05 of the Sale and
Servicing Agreement or pursuant to Section 5.04(b) or 5.04(c) of the Indenture on
or before such Distribution Date as follows:





          (i) to the Certificateholder, to the extent necessary to reduce the Certificate Balance
of the Certificate to zero, an amount equal to the excess if any, of the Regular Principal
Distribution Amount for such Distribution Date over amounts distributable to the
Noteholders pursuant to Section 5.04(c) of the Sale and Servicing Agreement on such
Distribution Date; and




          (ii) to the Seller, any remaining funds on deposit in the Certificate Distribution
Account after distribution to the Certificateholder pursuant to the clause (i) above.



          (b) On each Distribution Date, the Owner Trustee shall send to the Certificateholder the
statement provided to the Owner Trustee by the Servicer pursuant to Section 5.07 of the
Sale and Servicing Agreement on such Distribution Date.




          (c) In the event that any withholding tax is imposed on the Trust’s payment (or allocations of
income) to the Certificateholder, such tax shall reduce the amount otherwise distributable to the
Certificateholder in accordance with this Section. The Owner Trustee is hereby authorized and
directed to retain from amounts otherwise distributable to the Certificateholder sufficient funds
for the payment of any tax that is legally owed or required to be withheld by the Trust (but such
authorization shall not prevent the Owner Trustee from contesting any such tax in appropriate
proceedings, and withholding payment of such tax, if permitted by law, pending the outcome of such
proceedings). The amount of any withholding





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tax imposed with respect to the Certificateholder shall be treated as cash distributed to the
Certificateholder at the time it is withheld by the Trust and remitted to the appropriate taxing
authority. If there is a possibility that withholding tax is payable with respect to a
distribution, the Owner Trustee may in its sole discretion withhold such amounts in accordance with
this clause (c). In the event that the Certificateholder wishes to apply for a refund of any such
withholding tax, the Owner Trustee shall reasonably cooperate with the Certificateholder in making
such claim so long as the Certificateholder agrees to reimburse the Owner Trustee for any
out-of-pocket expenses incurred.




          Section 5.03. Method of Payment. Subject to Section 9.01(c), distributions
required to be made to the Certificateholder on any Distribution Date shall be made to the
Certificateholder of record on the preceding Record Date either by wire transfer, in immediately
available funds, to the account of such Holder at a bank or other entity having appropriate
facilities therefor, if the Certificateholder shall have provided to the Certificate Registrar
appropriate written instructions at least five Business Days prior to such Distribution Date or, if
not, by check mailed to the Certificateholder at the address of such Holder appearing in the
Certificate Register.




          Section 5.04. No Segregation of Monies; No Interest. Subject to Section 5.01
and 5.02, monies received by the Owner Trustee hereunder need not be segregated in any
manner except to the extent required by law or the Sale and Servicing Agreement and may be
deposited under such general conditions as may be prescribed by law, and the Owner Trustee shall
not be liable for any interest thereon.




          Section 5.05. Accounting and Report to the Noteholders, the Certificateholder, the
Internal Revenue Service and Others. The Owner Trustee shall (a) maintain (or cause to be
maintained) the books of the Trust on a fiscal year basis ending December 31, (or such other period
as may be required by applicable law), with the first year being a short year ending December 31,
2005, and on the accrual method of accounting, (b) deliver to the Certificateholder, as may be
required by the Code and applicable Treasury Regulations, such information as may be required to
enable the Certificateholder to prepare its federal and state income tax returns, and make such
elections as may from time to time be required or appropriate under any applicable state or federal
statute or rule or regulation thereunder so as to maintain the Trust’s characterization as a
disregarded entity for federal income tax purposes and (c) collect or cause to be collected any
withholding tax as described in and in accordance with Section 5.02(c) with respect to
distributions from the Trust.




ARTICLE VI




AUTHORITY AND DUTIES OF OWNER TRUSTEE




          Section 6.01. General Authority. The Owner Trustee is authorized and directed to
execute and deliver the Basic Documents to which the Trust is to be a party and each certificate or
other document attached as an exhibit to or contemplated by the Basic Documents to which the Trust
is to be a party, or any amendment thereto or other agreement, in each case, in such form as the
Seller shall approve as evidenced conclusively by the Owner Trustee’s execution thereof. In
addition to the foregoing, the Owner Trustee is authorized, but shall not be




12









 








obligated, to take all actions required of the Trust pursuant to the Basic Documents. The
Owner Trustee is further authorized from time to time to take such action as the Administrator
directs in writing with respect to the Basic Documents.




          Section 6.02. General Duties. It shall be the duty of the Owner Trustee to discharge
(or cause to be discharged) all of its responsibilities pursuant to the terms of this Agreement and
the Basic Documents and to administer the Trust in the interest of the Certificateholder, subject
to the Basic Documents and in accordance with the provisions of this Agreement. Notwithstanding
the foregoing, the Owner Trustee shall be deemed to have discharged its duties and responsibilities
hereunder and under the Basic Documents to the extent the Administrator has agreed in the
Administration Agreement to perform any act or to discharge any duty of the Owner Trustee hereunder
or under any Basic Document, and the Owner Trustee shall not be liable for the default or failure
of the Administrator to carry out its obligations under the Administration Agreement.




          Section 6.03. Action Upon Instruction.




          (a) Subject to Article IV, the Certificateholder may, by written instruction, direct
the Owner Trustee in the management of the Trust. Such direction may be exercised at any time by
written instruction of the Certificateholder pursuant to Article IV.




          (b) The Owner Trustee shall not be required to take any action hereunder or under any Basic
Document if the Owner Trustee shall have reasonably determined, or shall have been advised by
counsel, that such action is likely to result in liability on the part of the Owner Trustee or is
contrary to the terms hereof or of any Basic Document or is otherwise contrary to law.




          (c) Whenever the Owner Trustee is unable to decide between alternative courses of action
permitted or required by the terms of this Agreement or any Basic Document, the Owner Trustee shall
promptly give notice (in such form as shall be appropriate under the circumstances) to the
Certificateholder requesting instruction as to the course of action to be adopted, and to the
extent the Owner Trustee acts in good faith in accordance with any written instruction of the
Certificateholder received, the Owner Trustee shall not be liable on account of such action to any
Person. If the Owner Trustee shall not have received appropriate instruction within 10 days of
such notice (or within such shorter period of time as reasonably may be specified in such notice or
may be necessary under the circumstances) it may, but shall be under no duty to, take or refrain
from taking such action, not inconsistent with this Agreement or the Basic Documents, as it shall
deem to be in the best interest of the Certificateholder, and shall have no liability to any Person
for such action or inaction.




          (d) In the event that the Owner Trustee is unsure as to the application of any provision of
this Agreement or any Basic Document or any such provision is ambiguous as to its application, or
is, or appears to be, in conflict with any other applicable provision, or in the event that this
Agreement permits any determination by the Owner Trustee or is silent or is incomplete as to the
course of action that the Owner Trustee is required to take with respect to a particular set of
facts, the Owner Trustee may give notice (in such form as shall be appropriate under the
circumstances) to the Certificateholder requesting instruction and, to the extent that the Owner




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Trustee acts or refrains from acting in good faith in accordance with any such instruction
received, the Owner Trustee shall not be liable, on account of such action or inaction, to any
Person. If the Owner Trustee shall not have received appropriate instruction within 10 days of
such notice (or within such shorter period of time as reasonably may be specified in such notice or
may be necessary under the circumstances) it may, but shall be under no duty to, take or refrain
from taking such action, not inconsistent with this Agreement or the Basic Documents, as it shall
deem to be in the best interests of the Certificateholder and shall have no liability to any Person
for such action or inaction.




          Section 6.04. No Duties Except as Specified in This Agreement or in Instructions. The
Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to,
register, record, sell, dispose of, or otherwise deal with the Owner Trust Estate, or to otherwise
take or refrain from taking any action under, or in connection with, any document contemplated
hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this
Agreement or in any document or written instruction received by the Owner Trustee pursuant to
Section 6.03; and no implied duties or obligations shall be read into this Agreement or any
Basic Document against the Owner Trustee. The Owner Trustee shall have no responsibility for
filing any financing or continuation statement in any public office at any time or to otherwise
perfect or maintain the perfection of any security interest or lien granted to it hereunder or to
prepare or file any Securities and Exchange Commission filing for the Trust or to record this
Agreement or any Basic Document. The Owner Trustee nevertheless agrees that it will, at its own
cost and expense, promptly take all action as may be necessary to discharge any liens on any part
of the Owner Trust Estate that result from actions by, or claims against, the Owner Trustee that
are not related to the ownership or the administration of the Owner Trust Estate.




          Section 6.05. No Action Except under Specified Documents or Instructions. The Owner
Trustee shall not manage, control, use, sell, dispose of or otherwise deal with any part of the
Owner Trust Estate except (i) in accordance with the powers granted to and the authority conferred
upon the Owner Trustee pursuant to this Agreement, (ii) in accordance with the Basic Documents and
(iii) in accordance with any document or instruction delivered to the Owner Trustee pursuant to
Section 6.03.




          Section 6.06. Restrictions. The Owner Trustee shall not take any action (a) that is
inconsistent with the purposes of the Trust set forth in Section 2.03 or (b) that, to the
actual knowledge of the Owner Trustee, would result in the Trust being treated as a association (or
publicly traded partnership) taxable as a corporation for federal income tax purposes. The Owner
Trustee and the Seller agree that no election to treat the Trust as an association (or publicly
traded partnership) taxable as a corporation for United States federal income tax purposes or any
relevant state tax purposes shall be made by or on behalf of the Trust. The Certificateholder
shall not direct the Owner Trustee or the Seller to take action that would violate the provisions
of this Section.




ARTICLE VII




CONCERNING THE OWNER TRUSTEE




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          Section 7.01. Acceptance of Trusts and Duties. The Owner Trustee hereby accepts the
trusts hereby created and agrees to perform its duties hereunder with respect to such trusts but
only upon the terms of this Agreement. The Owner Trustee also agrees to disburse all monies
actually received by it constituting part of the Owner Trust Estate upon the terms of the Basic
Documents and this Agreement. The Owner Trustee shall not be answerable or accountable hereunder
or under any Basic Document under any circumstances, except (i) for its own willful misconduct or
negligence or (ii) in the case of the inaccuracy of any representation or warranty contained in
Section 7.03 expressly made by the Owner Trustee. In particular, but not by way of
limitation (and subject to the exceptions set forth in the preceding sentence):




          (a) the Owner Trustee shall not be liable for any error of judgment made by a responsible
officer of the Owner Trustee;




          (b) the Owner Trustee shall not be liable with respect to any action taken or omitted to be
taken by it in accordance with the written instructions of the Administrator or the
Certificateholder;




          (c) no provision of this Agreement or any Basic Document shall require the Owner Trustee to
expend or risk funds or otherwise incur any financial liability in the performance of any of its
rights or powers hereunder or under any Basic Document, if the Owner Trustee shall have reasonable
grounds for believing that repayment of such funds or adequate indemnity against such risk or
liability is not reasonably assured or provided to it;




          (d) under no circumstances shall the Owner Trustee be liable for indebtedness evidenced by or
arising under any of the Basic Documents, including the principal of and interest on the Notes;




          (e) the Owner Trustee shall not be responsible for or in respect of the validity or
sufficiency of this Agreement or for the due execution hereof by the Seller or for the form,
character, genuineness, sufficiency, value or validity of any of the Owner Trust Estate or for or
in respect of the validity or sufficiency of the Basic Documents, other than the certificate of
authentication on the Certificates, and the Owner Trustee shall in no event assume or incur any
liability, duty, or obligation to any Noteholder or to the Certificateholder, other than as
expressly provided for herein and in the Basic Documents;




          (f) the Owner Trustee shall not be liable for the default or misconduct of the Administrator,
the Indenture Trustee or the Servicer under any of the Basic Documents or otherwise, and the Owner
Trustee shall have no obligation or liability to perform the obligations of the Trust under this
Agreement or the Basic Documents that are required to be performed by the Administrator under the
Administration Agreement, the Indenture Trustee under the Indenture or the Servicer under the Sale
and Servicing Agreement; and




          (g) the Owner Trustee shall be under no obligation to exercise any of the rights or powers
vested in it by this Agreement, or to institute, conduct or defend any litigation under this
Agreement or otherwise or in relation to this Agreement or any Basic Document, at the request,
order or direction of the Certificateholder, unless the Certificateholder has offered to
the Owner Trustee security or indemnity satisfactory to it against the costs, expenses and




15









 








liabilities that may be incurred by the Owner Trustee therein or thereby. The right of the Owner
Trustee to perform any discretionary act enumerated in this Agreement or in any Basic Document
shall not be construed as a duty, and the Owner Trustee shall not be answerable for other than its
negligence or willful misconduct in the performance of any such act.




          Section 7.02. Furnishing of Documents. The Owner Trustee shall furnish (a) to the
Certificateholder promptly upon receipt of a written request therefor, duplicates or copies of all
reports, notices, requests, demands, certificates, financial statements and any other instruments
furnished to the Owner Trustee under the Basic Documents and (b) to the Indenture Trustee promptly
upon written request therefor, copies of the Purchase Agreement, the Sale and Servicing Agreement,
the Administration Agreement and the Trust Agreement.




          Section 7.03. Representations and Warranties. The Owner Trustee hereby represents and
warrants to the Certificateholder that:




          (a) It is a banking association duly organized and validly existing in good standing under the
federal laws of the United States and satisfies the eligibility criteria set forth in Section
10.01. It has all requisite corporate power and authority to execute, deliver and perform its
obligations under this Agreement.




          (b) It has taken all corporate action necessary to authorize the execution and delivery by it
of this Agreement, and this Agreement has been executed and delivered by one of its officers who is
duly authorized to execute and deliver this Agreement on its behalf.




          (c) Neither the execution nor the delivery by it of this Agreement, nor the consummation by it
of the transactions contemplated hereby nor compliance by it with any of the terms or provisions
hereof will contravene any federal or Delaware law, governmental rule or regulation governing the
banking or trust powers of the Owner Trustee or any judgment or order binding on it, or constitute
any default under its charter documents or by-laws or any indenture, mortgage, contract, agreement
or instrument to which it is a party or by which any of its properties may be bound.




          Section 7.04. Reliance; Advice of Counsel.




          (a) The Owner Trustee shall incur no liability to anyone in acting upon any signature,
instrument, notice, resolution, request, consent, order, certificate, report, opinion, bond, or
other document or paper believed by it to be genuine and believed by it to be signed by the proper
party or parties. The Owner Trustee may accept a certified copy of a resolution of the board of
directors or other governing body of any corporate party as conclusive evidence that such
resolution has been duly adopted by such body and that the same is in full force and effect. As to
any fact or matter the method of the determination of which is not specifically prescribed herein,
the Owner Trustee may for all purposes hereof rely on a certificate, signed by the president or any
vice president or by the treasurer or other authorized officers of the relevant party, as to such
fact or matter, and such certificate shall constitute full protection to the Owner Trustee for any
action taken or omitted to be taken by it in good faith in reliance thereon.




          (b) In the exercise or administration of the trusts hereunder and in the performance of its
duties and obligations under this Agreement or the Basic Documents, the




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Owner Trustee (i) may act
directly or through its agents or attorneys pursuant to agreements entered into with any of them,
and the Owner Trustee shall not be liable for the conduct or misconduct of such agents or attorneys
if such agents or attorneys shall have been selected by the Owner Trustee with reasonable care, and
(ii) may consult with counsel, accountants and other skilled persons to be selected with reasonable
care and employed by it. The Owner Trustee shall not be liable for anything done, suffered or
omitted in good faith by it in accordance with the written opinion or advice of any such counsel,
accountants or other such persons.




          Section 7.05. Not Acting in Individual Capacity. Except as provided in this Article
VII, in accepting the trusts hereby created, Chase Bank USA, National Association acts solely as
Owner Trustee hereunder and not in its individual capacity and all Persons having any claim against
the Owner Trustee by reason of the transactions contemplated by this Agreement or any Basic
Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.




          Section 7.06. Owner Trustee Not Liable for the Certificate, Notes or Receivables. The
recitals contained herein and in the Certificate (other than the signature and counter-signature of
the Owner Trustee on the Certificate and its representations and warranties in Section
7.03) shall not be taken as the statements of the Owner Trustee and the Owner Trustee assumes
no responsibility for the correctness thereof. The Owner Trustee makes no representations as to
the validity or sufficiency of this Agreement, or of the Certificate (other than the signature and
countersignature of the Owner Trustee on the Certificate), or the Notes or of any other Basic
Document or of any Receivable or related documents. The Owner Trustee shall at no time have any
responsibility or liability for or with respect to the legality, validity and enforceability of any
Receivable, or the perfection and priority of any security interest created by any Receivable in
any Financed Equipment or the maintenance of any such perfection and priority, or for or with
respect to the sufficiency of the Owner Trust Estate or its ability to generate the payments to be
distributed to the Certificateholder under this Agreement or the Noteholders under the Indenture,
including: the existence, condition and ownership of any Financed Equipment; the existence and
enforceability of any insurance thereon; the existence and contents of any Receivable on any
computer or other record thereof; the validity of the assignment of any Receivable to the Trust or
of any intervening assignment; the completeness of any Receivable; the performance or enforcement
of any Receivable; the compliance by the Seller or the Servicer with any warranty or representation
made under any Basic Document or in any related document or the accuracy of any such warranty or
representation or any action of the Administrator, the Indenture Trustee or the Servicer or any
subservicer taken in the name of the Owner Trustee.




          Section 7.07. Owner Trustee May Own the Certificate and Notes. The Owner Trustee in
its individual or any other capacity may become the owner or pledgee of the Certificate or the
Notes and may deal with the Seller, the Administrator, the Indenture Trustee and the Servicer in
banking transactions with the same rights as it would have if it were not Owner Trustee.




ARTICLE VIII




COMPENSATION OF OWNER TRUSTEE




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          Section 8.01. Owner Trustee’s Fees and Expenses. The Owner Trustee shall receive as
compensation for its services hereunder such fees as have been separately agreed upon before the
date hereof between the Seller and the Owner Trustee, and the Owner Trustee shall be entitled to be
reimbursed by the Seller for its other reasonable expenses hereunder, including the reasonable
compensation, expenses and disbursements of such agents, representatives, experts and counsel as
the Owner Trustee may employ in connection with the exercise and performance of its rights and its
duties hereunder; provided, however, that the Owner Trustee’s right to enforce such
obligation shall be subject to the provisions of Section 11.09.




          Section 8.02. Indemnification. The Seller shall be liable as primary obligor for, and
shall indemnify the Owner Trustee and its successors, assigns, agents and servants (collectively,
the “Indemnified Parties”) from and against, any and all liabilities, obligations, losses, damages,
taxes, claims, actions and suits, and any and all reasonable costs, expenses and disbursements
(including reasonable legal fees and expenses) of any kind and nature whatsoever (collectively,
“Expenses”) which may at any time be imposed on, incurred by, or asserted against the Owner Trustee
or any Indemnified Party in any way relating to or arising out of this Agreement, the Basic
Documents, the Owner Trust Estate, the administration of the Owner Trust Estate or the action or
inaction of the Owner Trustee hereunder, except only that the Seller shall not be liable for or
required to indemnify the Owner Trustee from and against Expenses arising or resulting from any of
the matters described in the third sentence of Section 7.01; provided,
however, that the Owner Trustee’s right to enforce such obligation shall be subject to the
provisions of Section 11.09. The indemnities contained in this Section shall survive the
resignation or termination of the Owner Trustee or the termination of this Agreement. In any event
of any claim, action or proceeding for which indemnity will be sought pursuant to this Section, the
Owner Trustee’s choice of legal counsel shall be subject to the approval of the Seller, which
approval shall not be unreasonably withheld.




          Section 8.03. Payments to the Owner Trustee. Any amounts paid to the Owner Trustee
pursuant to this Article VIII shall be deemed not to be a part of the Owner Trust Estate
immediately after such payment.




ARTICLE IX




TERMINATION OF TRUST AGREEMENT




          Section 9.01. Termination of Trust Agreement.




          (a) This Agreement (other than Article VIII and Section 11.09) and the Trust shall
terminate and be of no further force or effect, upon the final distribution by the Owner Trustee of
all monies or other property or proceeds of the Owner Trust Estate in accordance with the terms of
the Indenture, the Sale and Servicing Agreement and Article V. Any money or other property held as
part of the Owner Trust Estate following such distribution shall be
distributed to the Seller. The bankruptcy, liquidation, dissolution, death or incapacity of
the Certificateholder shall not (x) operate to terminate this Agreement or the Trust, or (y)
entitle the Certificateholder’s legal representatives or heirs to claim an accounting or to take
any action or proceeding in any court for a partition or winding up of all or any part of the Trust
or Owner Trust Estate or (z) otherwise affect the rights, obligations and liabilities of the
parties hereto.




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          (b) Except as provided in Section 9.01(a), neither the Seller nor the
Certificateholder shall be entitled to revoke or terminate the Trust.




          (c) Notice of any termination of the Trust, specifying the Distribution Date upon which the
Certificateholder shall surrender the Certificate to the Paying Agent for payment of the final
distribution and cancellation, shall be given by the Owner Trustee by letter to the
Certificateholder mailed within five Business Days of receipt of notice of such termination from
the Servicer given pursuant to Section 9.01(c) of the Sale and Servicing Agreement, stating
(i) the Distribution Date upon or with respect to which final payment of the Certificate shall be
made upon presentation and surrender of the Certificate at the office of the Paying Agent therein
designated, (ii) the amount of any such final payment and (iii) that the Record Date otherwise
applicable to such Distribution Date is not applicable, payments being made only upon presentation
and surrender of the Certificate at the office of the Paying Agent therein specified. The Owner
Trustee shall give such notice to the Certificate Registrar (if other than the Owner Trustee) and
the Paying Agent at the time such notice is given to the Certificateholder. Upon presentation and
surrender of the Certificate, the Paying Agent shall cause to be distributed to the
Certificateholder amounts distributable on such Distribution Date pursuant to Section 5.02.





          In the event that the Certificateholder shall not surrender the Certificate for
cancellation within six months after the date specified in the above mentioned written
notice, the Owner Trustee shall give a second written notice to the Certificateholder to
surrender the Certificate for cancellation and receive the final distribution with respect
thereto. If within one year after the second notice the Certificate shall not have been
surrendered for cancellation, the Owner Trustee may take appropriate steps, or may appoint
an agent to take appropriate steps, to contact the Certificateholder concerning surrender of
the Certificate, and the cost thereof shall be paid out of the funds and other assets that
shall remain subject to this Agreement. Any funds remaining in the Trust after exhaustion
of such remedies shall be distributed by the Owner Trustee to the Seller.



          (d) Upon the winding up of the Trust and its termination, the Owner Trustee shall cause the
Certificate of Trust to be canceled by filing a certificate of cancellation with the Secretary of
State in accordance with the provisions of Section 3810 of the Statutory Trust Statute.




ARTICLE X




SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES




          Section 10.01. Eligibility Requirements for Owner Trustee. The Owner Trustee shall at
all times be a corporation satisfying the provisions of Section 3807(a) of the Statutory Trust
Statute; authorized to exercise corporate trust powers; having a combined capital
and surplus of at least $50,000,000 and subject to supervision or examination by federal or
state authorities; and having (or having a parent which has) a rating of at least “Baa3” by Moody’s
and at least “BBB-” by Standard & Poor’s. If such corporation shall publish reports of condition
at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining
authority, then for the purpose of this Section, the combined capital and surplus of such
corporation shall be deemed to be its combined capital and surplus as set forth in its most




19









 








recent
report of condition so published. In case at any time the Owner Trustee shall cease to be eligible
in accordance with the provisions of this Section, the Owner Trustee shall resign immediately in
the manner and with the effect specified in Section 10.02.




          Section 10.02. Resignation or Removal of Owner Trustee. The Owner Trustee may at any
time resign and be discharged from the trusts hereby created by giving written notice thereof to
the Seller, the Certificateholder and the Administrator; provided, however, that
such resignation and discharge shall only be effective upon the appointment of a successor Owner
Trustee. Upon receiving such notice of resignation, the Administrator shall promptly appoint a
successor Owner Trustee by written instrument, in duplicate, one copy of which instrument shall be
delivered to the resigning Owner Trustee and one copy to the successor Owner Trustee. If no
successor Owner Trustee shall have been so appointed and have accepted appointment within 30 days
after the giving of such notice of resignation, the resigning Owner Trustee may petition any court
of competent jurisdiction for the appointment of a successor Owner Trustee.




     If at any time the Owner Trustee shall cease to be eligible in accordance with the provisions
of Section 10.01 and shall fail to resign after written request therefor by the Seller, or
if at any time the Owner Trustee shall be legally unable to act, or shall be adjudged bankrupt or
insolvent, or a receiver of the Owner Trustee or of its property shall be appointed, or any public
officer shall take charge or control of the Owner Trustee or of its property or affairs for the
purpose of rehabilitation, conservation or liquidation, then the Seller may remove the Owner
Trustee. If the Seller shall remove the Owner Trustee under the authority of the immediately
preceding sentence, the Seller shall promptly appoint a successor Owner Trustee by written
instrument, in duplicate, one copy of which instrument shall be delivered to the outgoing Owner
Trustee so removed and one copy to the successor Owner Trustee and the Seller shall pay all fees
owed to the outgoing Owner Trustee.



     Any resignation or removal of the Owner Trustee and appointment of a successor Owner Trustee
pursuant to any of the provisions of this Section shall not become effective until acceptance of
appointment by the successor Owner Trustee pursuant to Section 10.03 and payment of all
fees and expenses owed to the outgoing Owner Trustee. The Seller shall provide notice of such
resignation or removal of the Owner Trustee to each of the Rating Agencies.



          Section 10.03. Successor Owner Trustee. Any successor Owner Trustee appointed
pursuant to Section 10.02 shall execute, acknowledge and deliver to the Seller, the
Certificateholder and to its predecessor Owner Trustee, with a copy thereof delivered to the
Administrator, an instrument accepting such appointment under this Agreement, and thereupon the
resignation or removal of the predecessor Owner Trustee shall become effective and such successor
Owner Trustee, without any further act, deed or conveyance, shall become fully vested with all the
rights, powers, duties, and obligations of its predecessor under this Agreement, with
like effect as if originally named as Owner Trustee. The predecessor Owner Trustee shall upon
payment of its fees and expenses deliver to the successor Owner Trustee all documents and
statements and monies held by it under this Agreement; and the Seller and the predecessor Owner
Trustee shall execute and deliver such instruments and do such other things as may reasonably be
required for fully and certainly vesting and confirming in the successor Owner Trustee all such
rights, powers, duties, and obligations.




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     No successor Owner Trustee shall accept appointment as provided in this Section unless at the
time of such acceptance such successor Owner Trustee shall be eligible pursuant to Section
10.01.



     Upon acceptance of appointment by a successor Owner Trustee pursuant to this Section, the
Seller shall mail notice of the successor of such Owner Trustee to the Certificateholder, the
Indenture Trustee, the Noteholders and the Rating Agencies. If the Seller shall fail to mail such
notice within 10 days after acceptance of appointment by the successor Owner Trustee, the successor
Owner Trustee shall cause such notice to be mailed at the expense of the Seller.



          Section 10.04. Merger or Consolidation of Owner Trustee. Any corporation into which
the Owner Trustee may be merged or converted or with which it may be consolidated, or any
corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall
be a party, or any corporation succeeding to all or substantially all of the corporate trust
business of the Owner Trustee, shall be the successor of the Owner Trustee hereunder; provided such
corporation shall be eligible pursuant to Section 10.01, without the execution or filing of
any instrument or any further act on the part of any of the parties hereto; anything herein to the
contrary notwithstanding; provided, further, that the Owner Trustee shall mail
notice of such merger or consolidation to the Rating Agencies.




          Section 10.05. Appointment of Co-Trustee or Separate Trustee. Notwithstanding any
other provisions of this Agreement, at any time, for the purpose of meeting any legal requirements
of any jurisdiction in which any part of the Owner Trust Estate or any Financed Equipment may at
the time be located, the Seller and the Owner Trustee acting jointly shall have the power and shall
execute and deliver all instruments to appoint one or more Persons approved by the Owner Trustee to
act as co-trustee, jointly with the Owner Trustee, or separate trustee or separate trustees, of all
or any part of the Owner Trust Estate, and to vest in such Person, in such capacity, such title to
the Trust, or any part thereof, and, subject to the other provisions of this Section, such powers,
duties, obligations, rights and trusts as the Seller and the Owner Trustee may consider necessary
or desirable. If the Seller shall not have joined in such appointment within 15 days after the
receipt by it of a request so to do, the Owner Trustee alone shall have the power to make such
appointment. No co-trustee or separate trustee under this Agreement shall be required to meet the
terms of eligibility as a successor trustee pursuant to Section 10.01 and no notice of the
appointment of any co-trustee or separate trustee shall be required pursuant to Section
10.03.




     Each separate trustee and co-trustee shall, to the extent permitted by law, be appointed and
act subject to the following provisions and conditions:



          (i) all rights, powers, duties, and obligations conferred or imposed upon the Owner Trustee
shall be conferred upon and exercised or performed by the Owner Trustee and such separate trustee
or co-trustee jointly (it being understood that such separate trustee or co-trustee is not
authorized to act separately without the Owner 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
Owner Trustee shall 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




21









 








Trust or any portion
thereof in any such jurisdiction) shall be exercised and performed singly by such separate trustee
or co-trustee, but solely at the direction of the Owner Trustee;




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




          (iii) the Seller and the Owner Trustee acting jointly may at any time accept the resignation
of or remove any separate trustee or co-trustee.




     Any notice, request or other writing given to the Owner Trustee shall be deemed to have been
given to each of the then separate trustees and co-trustees, as effectively as if given to each of
them. Every instrument appointing any separate trustee or co-trustee shall refer to this Agreement
and the conditions of this Article. Each separate trustee and co-trustee, upon its acceptance of
the trusts conferred, shall be vested with the estates or property specified in its instrument of
appointment, either jointly with the Owner Trustee or separately, as may be provided therein,
subject to all the provisions of this Agreement, specifically including every provision of this
Agreement relating to the conduct of, affecting the liability of, or affording protection to, the
Owner Trustee. Each such instrument shall be filed with the Owner Trustee and a copy thereof given
to the Seller, the Owner and the Administrator.



     Any separate trustee or co-trustee may at any time appoint the Owner Trustee, its agent or
attorney-in-fact with full power and authority, to the extent not prohibited by law, to do any
lawful act under or in respect of this Agreement on its behalf and in its name. If any separate
trustee or co-trustee shall die, become incapable of acting, resign or be removed, all of its
estates, properties, rights, remedies and trusts shall vest in and be exercised by the Owner
Trustee, to the extent permitted by law, without the appointment of a new or successor trustee.



ARTICLE XI




MISCELLANEOUS




          Section 11.01. Supplements and Amendments. This Agreement may be amended by the
Seller and the Owner Trustee, with prior written notice to the Rating Agencies, without the consent
of any of the Noteholders or the Certificateholder to cure any ambiguity, to correct or supplement
any provisions in this Agreement or for the purpose of adding any provisions to or changing in any
manner or eliminating any of the provisions in this Agreement or of modifying in any manner the
rights of the Noteholders or the Certificateholder; provided, however, that such
amendment shall not, as evidenced by an Opinion of Counsel, adversely affect in any material
respect the interests of any Noteholder or the Owner or the federal tax characteristics of the
Notes.




     This Agreement may also be amended from time to time by the Seller and the Owner Trustee, with
prior written notice to the Rating Agencies, with the consent of the Holders of Notes evidencing
not less than a majority of the Outstanding Principal Amount of the Notes, for the purpose of
adding any provisions to or changing in any manner or eliminating any of the provisions of this
Agreement or of modifying in any manner the rights of the Noteholders; provided,
however, that no such amendment shall (a) increase or reduce in any manner the



22









 







amount of,
or accelerate or delay the timing of, collections of payments on Receivables or distributions that
shall be required to be made for the benefit of the Noteholders or the Certificateholder or (b)
reduce the aforesaid percentage of the Outstanding Principal Amount of the Notes or the Certificate
required to consent to any such amendment, without the consent of the holders of all the
outstanding Notes and the Certificate.



     Promptly after the execution of any such amendment or consent, the Owner Trustee shall furnish
written notification of the substance of such amendment or consent to the Indenture Trustee and
each of the Rating Agencies.



     It shall not be necessary for the consent of the Noteholders, the Certificateholder or the
Indenture Trustee pursuant to this Section to approve the particular form of any proposed amendment
or consent, but it shall be sufficient if such consent shall approve the substance thereof. The
manner of obtaining such consents shall be subject to such reasonable requirements as the Owner
Trustee may prescribe.



     Promptly after the execution of any amendment to the Certificate of Trust, the Owner Trustee
shall cause the filing of such amendment with the Secretary of State.



     Prior to the execution of any amendment to this Agreement or any other Basic Document, the
Owner Trustee shall be entitled to receive and rely upon an Opinion of Counsel stating that the
execution of such amendment is authorized or permitted by this Agreement and the other Basic
Documents. The Owner Trustee may, but shall not be obligated to, enter into any such amendment
which affects the Owner Trustee’s own rights, duties or immunities under this Agreement or
otherwise.



          Section 11.02. No Legal Title to Owner Trust Estate in the Owner. The
Certificateholder shall not have legal title to any part of the Owner Trust Estate. The
Certificateholder shall be entitled to receive distributions with respect to its ownership interest
therein only in accordance with Articles V and IX. No transfer, by operation of
law or otherwise, of any right, title, and interest of the Certificateholder to and in its
ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the
trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title
to any part of the Owner Trust Estate.




          Section 11.03. Limitations on Rights of Others. The provisions of this Agreement are
solely for the benefit of the Owner Trustee, the Seller, the Certificateholder, the Administrator
and, to the extent expressly provided herein, the Indenture Trustee and the Noteholders, and
nothing in this Agreement, whether express or implied, shall be construed to give to any other
Person any legal or equitable right, remedy or claim in the Owner Trust Estate
or under or in respect of this Agreement or any covenants, conditions or provisions contained
herein.




          Section 11.04. Notices. (a) Unless otherwise expressly specified or permitted by the
terms hereof, all notices shall be in writing and shall be deemed given upon receipt by the
intended recipient or three Business Days after mailing if mailed by certified mail, postage
prepaid (except that notice to the Owner Trustee shall be deemed given only upon actual receipt




23









 








by
the Owner Trustee), if to the Owner Trustee, addressed to the Corporate Trust Office; if to the
Seller, addressed to Caterpillar Financial Funding Corporation, 4040 S. Eastern Avenue, Suite 344,
Las Vegas, Nevada 89119; or, as to each party, at such other address as shall be designated by such
party in a written notice to each other party.




          (a) Any notice required or permitted to be given to the Certificateholder shall be given by
first-class mail, postage prepaid, at the address of such Holder as shown in the Certificate
Register. Any notice so mailed within the time prescribed in this Agreement shall be conclusively
presumed to have been duly given, whether or not the Certificateholder receives such notice.




          Section 11.05. Severability. Any provision of this Agreement that is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining provisions hereof, and any
such prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.




          Section 11.06. Separate Counterparts. This Agreement may be executed by the parties
hereto in separate counterparts, each of which when so executed and delivered shall be an original,
but all such counterparts shall together constitute but one and the same instrument.




          Section 11.07. Successors and Assigns. All covenants and agreements contained herein
shall be binding upon, and inure to the benefit of, the Seller, the Owner Trustee and its
successors and the Certificateholder and its successors and permitted assigns, all as herein
provided. Any request, notice, direction, consent, waiver or other instrument or action by the
Certificateholder shall bind the successors and assigns of the Certificateholder.




          Section 11.08. [Intentionally Omitted].




          Section 11.09. No Petition. Notwithstanding any prior termination of this Agreement,
the Owner Trustee, the Certificateholder, by accepting the Certificate, and the Indenture Trustee
and each Noteholder by accepting the benefits of this Agreement, hereby covenant and agree that
they will not, prior to the date which is one year and one day after the termination of the Trust,
institute against the Seller or the Issuer, or join in any institution against the Seller or the
Issuer of, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or
other proceedings under any United States federal or state bankruptcy or similar law in connection
with any obligations relating to the Certificate, the Notes, this Agreement or any of the Basic
Documents.




          Section 11.10. No Recourse. The Certificateholder by accepting the Certificate
acknowledges that the Certificate represents a beneficial interest in the Trust only and does not
represent an interest in or obligation of the Seller, the Servicer, the Administrator, the Owner
Trustee, the Indenture Trustee or any Affiliate thereof, and no recourse may be had against such
parties or their assets, except as may be expressly set forth or contemplated in this Agreement,
the Certificate or the other Basic Documents.




24









 








          Section 11.11. Headings. The headings of the various Articles and Sections herein are
for convenience of reference only and shall not define or limit any of the terms or provisions
hereof.




          Section 11.12. GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS AND THE
OBLIGATIONS, RIGHTS, AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH
SUCH LAWS.




          Section 11.13. Certificate Transfer Restrictions.




          (a) The Certificate may not be acquired by or for the account of (i) an employee benefit plan
(as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended
(“ERISA”)), whether or not such plan is subject to the provisions of Title I of ERISA, (ii) a plan
(as defined in Section 4975(e)(1) of the Code), whether or not such plan is subject to Section 4975
of the Code, or (iii) any entity whose underlying assets include “plan assets” by reason of any
such plan’s investment in the entity and the application of U.S. Department of Labor (the “DOL”)
Regulation Section 2510.3-101 (the “Plan Asset Regulation”) (excluding any investment company that
is registered under the Investment Company Act of 1940, as amended) (each, a “Benefit Plan
Investor”), except as provided in the following sentence. By accepting and holding the
Certificate, the Holder thereof shall be deemed to have represented, warranted and covenanted that
it is (A) not a Benefit Plan Investor, and that no assets of any Benefit Plan Investor were used to
acquire the Certificate, or (B) it is an insurance company acting on behalf of its general account,
and (i) on the date it acquires the Certificate, less than 25% of the assets of such general
account constitute Plan Assets and (ii) if at any time during any calendar quarter after the
initial acquisition of the Certificate, 25% or more of the assets of such general account
constitute “plan assets” (as defined in the Plan Asset Regulation) and no exemption or exception
from the prohibited transaction rules applies to the continued holding of the Certificate under
Section 401(c) of ERISA and final regulations thereunder or an exemption or regulation issued by
the DOL under ERISA, then such insurance company will dispose of the Certificate then held in its
general account by the end of the next following calendar quarter, and shall deliver to the Owner
Trustee at the time of acquisition of the Certificate a duly executed Certificateholder
Certification in the form set forth in Exhibit C.




          (b) The Certificate may not be acquired by or for the account of an individual or entity that
is not a U.S. person as defined in Section 7701(a)(30) of the Code. By accepting and holding the
Certificate, the Holder shall be deemed to have represented and warranted under penalties of
perjury that it (or, if it is acting as a nominee, the beneficial owner) is a U.S. person and shall
deliver to the Owner Trustee, at the time of acquisition of the Certificate and thereafter
from time to time upon request, a duly executed Certificateholder Certification in the form
set forth in Exhibit C.




          Section 11.14. Seller Payment Obligation. The Seller shall be responsible for payment
of the Administrator’s fees under the Administration Agreement (to the extent not paid pursuant to
Section 5.04 of the Sale and Servicing Agreement) and shall reimburse the Administrator for
all expenses and liabilities of the Administrator incurred thereunder.




25









 








[Signature Page Follows]




26









 








     IN WITNESS WHEREOF, the parties hereto have caused this Trust Agreement to be duly executed by
their respective officers hereunto duly authorized, as of the day and year first above written.



	 	 	 	 	 
	 	 	CHASE BANK USA, NATIONAL ASSOCIATION,

not in its individual capacity but solely as

Owner Trustee,
	 
	 	 	 	 
	

	 	By:
	 	          /s/ John Cashin
	

	 	 	 	 
	

	 	 	 	Name:  John Cashin
	

	 	 	 	Title: Vice President
	 
	 	 	 	 
	 	 	CATERPILLAR FINANCIAL FUNDING 
CORPORATION, as
Seller,
	 
	 	 	 	 
	

	 	By:
	 	          /s/ James A Duensing
	

	 	 	 	 
	

	 	 	 	Name:           James A. Duensing
	

	 	 	 	Title:           Treasurer






Amended and Restated Trust Agreement




 









 








EXHIBIT A




FORM OF CERTIFICATE




	 	 	 
	NUMBER

	 	$[___]
	R-1
	 	 






SEE REVERSE FOR CERTAIN DEFINITIONS




THIS CERTIFICATE IS ONLY TRANSFERABLE IN WHOLE



AND IS SUBJECT TO RESTRICTIONS ON TRANSFER



SET FORTH IN THE TRUST AGREEMENT




     THIS CERTIFICATE HAS NOT BEEN REGISTERED AND WILL NOT BE REGISTERED UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE OFFERED, SOLD OR
DELIVERED UNLESS PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR PURSUANT TO AN EXEMPTION FROM
THE SECURITIES ACT.



     THIS CERTIFICATE MAY NOT BE ACQUIRED BY OR FOR THE ACCOUNT OF (i) AN EMPLOYEE BENEFIT PLAN (AS
DEFINED IN SECTION 3(3) OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED
(“ERISA”)), WHETHER OR NOT SUCH PLAN IS SUBJECT TO THE PROVISIONS OF TITLE I OF ERISA, (ii) A PLAN
(AS DEFINED IN SECTION 4975(e)(1) OF THE CODE), WHETHER OR NOT SUCH PLAN IS SUBJECT TO SECTION 4975
OF THE CODE, OR (iii) ANY ENTITY WHOSE UNDERLYING ASSETS INCLUDE “PLAN ASSETS” BY REASON OF ANY
SUCH PLAN’S INVESTMENT IN THE ENTITY AND THE APPLICATION OF U.S. DEPARTMENT OF LABOR (THE “DOL”)
REGULATION SECTION 2510.3-101 (THE “PLAN ASSET REGULATION”) (EXCLUDING ANY INVESTMENT COMPANY THAT
IS REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED) (EACH, A “BENEFIT PLAN
INVESTOR”), EXCEPT AS PROVIDED IN THE FOLLOWING SENTENCE. BY ACCEPTING AND HOLDING THIS
CERTIFICATE, THE HOLDER THEREOF SHALL BE DEEMED TO HAVE REPRESENTED, WARRANTED AND COVENANTED THAT
IT IS (A) NOT A BENEFIT PLAN INVESTOR, AND THAT NO ASSETS OF ANY BENEFIT PLAN INVESTOR WERE USED TO
ACQUIRE THIS CERTIFICATE, OR (B) IT IS AN INSURANCE COMPANY ACTING ON BEHALF OF ITS GENERAL
ACCOUNT, AND (i) ON THE DATE IT ACQUIRES THIS CERTIFICATE, LESS THAN 25% OF THE ASSETS OF SUCH
GENERAL ACCOUNT CONSTITUTE PLAN ASSETS AND (ii) IF AT ANY TIME DURING ANY CALENDAR QUARTER AFTER
THE INITIAL ACQUISITION OF THIS CERTIFICATE, 25% OR MORE OF THE ASSETS OF SUCH GENERAL ACCOUNT
CONSTITUTE “PLAN ASSETS” (AS DEFINED IN THE PLAN ASSET REGULATION) AND NO EXEMPTION OR EXCEPTION
FROM THE PROHIBITED TRANSACTION RULES APPLIES TO THE CONTINUED HOLDING OF THIS CERTIFICATE UNDER
SECTION 401(c) OF ERISA AND FINAL REGULATIONS THEREUNDER OR AN EXEMPTION OR REGULATION ISSUED BY
THE DOL UNDER



1









 







ERISA, THEN SUCH INSURANCE COMPANY WILL DISPOSE OF THIS CERTIFICATE BY THE END OF THE NEXT
FOLLOWING CALENDAR QUARTER, AND SHALL DELIVER TO THE OWNER TRUSTEE AT THE TIME OF ACQUISITION OF
THIS CERTIFICATE A DULY EXECUTED CERTIFICATEHOLDER CERTIFICATION IN THE FORM SET FORTH IN EXHIBIT C
TO THE TRUST AGREEMENT REFERRED TO HEREIN.



     THIS CERTIFICATE MAY NOT BE ACQUIRED BY OR FOR THE ACCOUNT OF AN INDIVIDUAL OR ENTITY THAT IS
NOT A U.S. PERSON AS DEFINED IN SECTION 7701(a)(30) OF THE CODE. BY ACCEPTING AND HOLDING THIS
CERTIFICATE, THE HOLDER SHALL BE DEEMED TO HAVE REPRESENTED AND WARRANTED THAT IT (OR, IF IT IS
ACTING AS A NOMINEE, THE BENEFICIAL OWNER) IS A U.S. PERSON AND SHALL DELIVER TO THE OWNER TRUSTEE,
AT THE TIME OF ACQUISITION OF THIS CERTIFICATE AND THEREAFTER FROM TIME TO TIME UPON REQUEST, A
DULY EXECUTED CERTIFICATION IN THE FORM SET FORTH IN EXHIBIT C TO THE TRUST AGREEMENT.



     THE CERTIFICATE BALANCE OF THIS CERTIFICATE IS DISTRIBUTABLE IN INSTALLMENTS AS SET FORTH IN
THE TRUST AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY
TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF.



2









 





CATERPILLAR FINANCIAL ASSET TRUST 2005-A




ASSET BACKED CERTIFICATE





evidencing an undivided interest in the Trust, as defined below, the property of which includes a
pool of retail installment sale contracts and finance leases secured by new and used machinery and
certain monies due or received thereunder and sold to the Trust (as defined below) by Caterpillar
Financial Funding Corporation.



(This Certificate does not represent an interest in or obligation of Caterpillar Financial Funding
Corporation, Caterpillar Financial Services Corporation, Caterpillar Inc. or any of their
respective affiliates, except to the extent described below.)



     THIS CERTIFIES THAT                                          is the registered Holder of
                                         DOLLARS ($                    ) nonassessable, fully-paid, undivided
interest in Caterpillar Financial Asset Trust 2005-A (the “Trust”) formed by Caterpillar Financial
Funding Corporation, a Nevada corporation (the “Seller”).



     The Trust was created pursuant to an Amended and Restated Trust Agreement, dated as of April
28, 2005 (the “Trust Agreement”), between the Seller and Chase Bank USA, National Association, as
trustee (the “Owner Trustee”), a summary of certain of the pertinent provisions of which is set
forth below. To the extent not otherwise defined herein, the capitalized terms used herein have
the meanings assigned to them in the Trust Agreement or the Sale and Servicing Agreement, dated as
of April 1, 2005 (the “Sale and Servicing Agreement”), among the Trust, the Seller and Caterpillar
Financial Services Corporation, as servicer (the “Servicer”), as applicable.



     This Certificate is the duly authorized Certificate designated as the “Asset Backed
Certificate” (herein called the “Certificate”). Also issued under the Indenture, dated as of April
1, 2005, between the Trust and U.S. Bank National Association, as trustee (the “Indenture
Trustee”), are Notes designated as “Class A-1 3.2056% Asset Backed Notes” (the “Class A-1 Notes”),
“Class A-2 3.66% Asset Backed Notes” (the “Class A-2 Notes”), “Class A-3 3.90% Asset Backed Notes”
(the “Class A-3 Notes”), “Class A-4 4.10% Asset Backed Notes” (the “Class A-4 Notes”) and “Class B
4.27% Asset Backed Notes” (the “Class B Notes”; together with the Class A-1 Notes, the Class A-2
Notes, the Class A-3 Notes and the Class A-4 Notes, the “Notes”). This Certificate is issued under
and is subject to the terms, provisions and conditions of the Trust Agreement, to which Trust
Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which
such Holder is bound. The property of the Trust includes a pool of retail installment sale
contracts and finance leases secured by new and used equipment (the “Receivables”), all monies
received on or after April 1, 2005 from payments on the Receivables, security interests in the
equipment financed thereby and certain other cross-collateralized equipment, certain bank accounts
and the proceeds thereof, proceeds from claims on certain insurance policies and certain other
rights under the Trust Agreement and the Sale and Servicing Agreement, all right, title, and
interest of the Seller in and to the Purchase Agreement dated as of April 1, 2005 between
Caterpillar Financial Services Corporation and the Seller and all proceeds of the foregoing. The
Holder of this Certificate acknowledges and agrees that its



3









 







rights to receive distributions in respect of this Certificate are subordinated to the rights
of the Noteholders as described in the Sale and Servicing Agreement and the Indenture.



     Under the Trust Agreement, there will be distributed on the 25th day of each month or, if such
day is not a Business Day, the next Business Day (the “Distribution Date”), commencing on May 25,
2005 to the Person in whose name this Certificate is registered at the close of business on the
last calendar day of the month preceding the month in which such Distribution Date occurs (the
“Record Date”) the amount to be distributed to the Certificateholder on such Distribution Date.



     Notwithstanding any prior termination of the Trust Agreement, the Certificateholder, by its
acceptance of this Certificate, covenants and agrees that it shall not, prior to the date which is
one year and one day after the termination of the Trust, institute against the Seller or the
Issuer, or join in any institution against the Seller or the Issuer of, any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any
United States federal or state bankruptcy or similar law in connection with any obligations
relating to this Certificate, the Notes, the Trust Agreement or any of the Basic Documents.



     Distributions on this Certificate will be made as provided in the Trust Agreement by the Owner
Trustee by wire transfer or check mailed to the Certificateholder of record in the Certificate
Register without the presentation or surrender of this Certificate or the making of any notation
hereon. Except as otherwise provided in the Trust Agreement and notwithstanding the above, the
final distribution on this Certificate will be made after due notice by the Owner Trustee of the
pendency of such distribution and only upon presentation and surrender of this Certificate at the
office or agency maintained for the purpose by the Owner Trustee in the Borough of Manhattan, The
City of New York.



     This Certificate does not represent an obligation of, or an interest in, the Seller, the
Servicer, Caterpillar Inc., the Owner Trustee or any Affiliates of any of them and no recourse may
be had against such parties or their assets, except as may be expressly set forth or contemplated
herein or in the Trust Agreement or the Basic Documents. In addition, this Certificate is not
guaranteed by any governmental agency or instrumentality and is limited in right of payment to
certain collections with respect to the Receivables (and certain other amounts), all as more
specifically set forth herein and in the Sale and Servicing Agreement and the Trust Agreement.
This Certificate is limited in right of payment to certain collections and recoveries respecting
the Receivables, all as more specifically set forth in the Sale and Servicing Agreement and the
Trust Agreement. A copy of each of the Sale and Servicing Agreement and the Trust Agreement may be
examined during normal business hours at the principal office of the Seller, and at such other
places, if any, designated by the Seller, by the Certificateholder upon written request.



     The Trust Agreement permits, with certain exceptions therein provided, the amendment thereof
and the modification of the rights and obligations of the Seller and the rights of the
Certificateholder under the Trust Agreement at any time by the Seller and the Owner Trustee with
the consent of the holders of the Notes evidencing a majority of the outstanding Notes.



4









 





     As provided in the Trust Agreement and subject to certain limitations therein set forth, the
transfer of this Certificate is registerable in the Certificate Register upon surrender of this
Certificate for registration of transfer at the offices or agencies of the Certificate Registrar
maintained by the Owner Trustee in the Borough of Manhattan, in the City of New York, accompanied
by a written instrument of transfer in force satisfactory to the Owner Trustee and the Certificate
Registrar duly executed by the Holder hereof or such Holder’s attorney duly authorized in writing
and a duly executed Certificateholder Certification of the transferee thereof, and thereupon one or
more new Certificates of authorized denominations evidencing the same aggregate interest in the
Trust will be issued to the designated transferee. No service charge will be made for any such
registration of transfer, but the Owner Trustee or the Certificate Registrar may require payment of
a sum sufficient to cover any tax or governmental charge payable in connection therewith. The
initial Certificate Registrar appointed under the Trust Agreement is JPMorgan Chase Bank, N.A., New
York, New York.



     The Owner Trustee, the Certificate Registrar and any agent of the Owner Trustee or the
Certificate Registrar may treat the Person in whose name this Certificate is registered as the
owner hereof for all purposes, and none of the Owner Trustee, the Certificate Registrar or any such
agent shall be affected by any notice to the contrary.



     The obligations and responsibilities created by the Trust Agreement and the Trust created
thereby shall terminate upon the payment to the Certificateholder of all amounts required to be
paid to it pursuant to the Trust Agreement and the Sale and Servicing Agreement and the disposition
of all property held as part of the Trust. The Servicer of the Receivables may at its option
purchase the corpus of the Trust at a price specified in the Sale and Servicing Agreement, and such
purchase of the Receivables and other property of the Trust will effect early retirement of the
Certificate; provided, however, such right of purchase is exercisable only on any
Distribution Date on which the Note Value is 10% or less of the Initial Note Value .



     This Certificate may not be acquired by or for the account of (i) an employee benefit plan (as
defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended
(“ERISA”)), whether or not such plan is subject to the provisions of Title I of ERISA, (ii) a plan
(as defined in Section 4975(e)(1) of the Code), whether or not such plan is subject to Section 4975
of the Code, or (iii) any entity whose underlying assets include “plan assets” by reason of any
such plan’s investment in the entity and the application of U.S. Department of Labor (the “DOL”)
Regulation Section 2510.3-101 (the “Plan Asset Regulation”) (excluding any investment company that
is registered under the Investment Company Act of 1940, as amended) (each, a “Benefit Plan
Investor”), except as provided in the following sentence. By accepting and holding this
Certificate, the Holder thereof shall be deemed to have represented, warranted and covenanted that
(A) it is not a Benefit Plan Investor, and that no assets of any Benefit Plan Investor were used to
acquire this Certificate, or (B) it is an insurance company acting on behalf of its general
account, and (i) on the date it acquires this Certificate, less than 25% of the assets of such
general account constitute Plan Assets and (ii) if at any time during any calendar quarter after
the initial acquisition of this Certificate, 25% or more of the assets of such general account
constitute “plan assets” (as defined in the Plan Asset Regulation) and no exemption or exception
from the prohibited transaction rules applies to the continued holding of this Certificate under
Section 401(c) of ERISA and final regulations thereunder or an exemption or regulation issued by
the DOL under ERISA, then such insurance company will dispose of this Certificate by the



5









 







end of the next following calendar quarter, and shall deliver to the Owner Trustee at the time
of acquisition of this Certificate a duly executed Certificateholder Certification in the form set
forth in Exhibit C to the Trust Agreement.



     This Certificate may not be acquired by or for the account of an individual or entity that is
not a U.S. person as defined in Section 7701(a)(30) of the Code. By accepting and holding this
Certificate, the Holder shall be deemed to have represented and warranted under penalties of
perjury that it (or, if it is acting as a nominee, the beneficial owner) is a U.S. person and shall
deliver to the Owner Trustee, at the time of acquisition of this Certificate and thereafter from
time to time upon request, a duly executed Certificateholder Certification in the form set forth in
Exhibit C to the Trust Agreement.



     Unless the certificate of authentication hereon shall have been executed by an authorized
officer of the Owner Trustee, by manual signature, this Certificate shall not entitle the Holder
hereof to any benefit under the Trust Agreement or the Sale and Servicing Agreement or be valid for
any purpose.



     THIS CERTIFICATE SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE.



6









 





     IN WITNESS WHEREOF, the Owner Trustee, on behalf of the Trust and not in its individual
capacity, has caused this Certificate to be duly executed.



	 	 	 	 	 	 	 
	 	 	 	 	CATERPILLAR FINANCIAL ASSET TRUST 2005-A,
	 
	 	 	 	 	 	 
	

	 	 	 	By:
	 	CHASE BANK USA, NATIONAL ASSOCIATION, as

Owner Trustee
	 
	 	 	 	 	 	 
	Dated:

	 	 	 	By:	 	 
	

	 	 
	 	 	 	 
	

	 	 	 	 	 	Name:
	

	 	 	 	 	 	Title:






CERTIFICATE OF AUTHENTICATION




This is the Certificate referred to in the within-mentioned Trust Agreement.




	 	 	 	 	 	 	 	 	 
	CHASE BANK USA, NATIONAL
 ASSOCIATION, as Owner Trustee	or	 	 	CHASE BANK USA, NATIONAL

ASSOCIATION, as Owner Trustee
	 
	 	 	 	 	 	 	 	 
	

	 	 	 	 	 	By
	 	JPMORGAN CHASE BANK, N.A.,
	

	 	 	 	 	 	 	 	as Authenticating Agent
	 
	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 
	

	 	 
	 	 	 	 	 	 
	

	 	Authorized Signatory
	 	 	 	 	 	Authorized Signatory






7









 






ASSIGNMENT




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




PLEASE INSERT SOCIAL SECURITY

OR OTHER IDENTIFYING NUMBER

OF ASSIGNEE



	 	 	 
	 
	(Please print or type name and address, including postal zip code, of assignee)






	 	 	 
	 
	the within Certificate, and all rights thereunder, hereby irrevocably constituting and appointing






                                                                  Attorney to transfer said Certificate on the
books of the Certificate Register, with full power of substitution in the premises.



	 	 	 	 	 
	Dated:

	 	 	 	*
	

	 	 	 	 
	

	 	Signature Guaranteed:	 	 
	

	 	 	 	*
	

	 	 	 	 












	*	 	NOTICE: The signature to this assignment must correspond with the name as it appears upon the
face of the within Certificate in every particular, without alteration, enlargement or any change
whatever.




8









 










EXHIBIT B




CERTIFICATE OF TRUST OF



CATERPILLAR FINANCIAL ASSET TRUST 2005-A




          THIS Certificate of Trust of Caterpillar Financial Asset Trust 2005-A (the “Trust”) is being
duly executed and filed on behalf of the Trust by the undersigned, as trustee, to form a statutory
trust under the Delaware Statutory Trust Act (12 Del. C. § 3801 et seq.) (the “Act”).




          Name. The name of the statutory trust formed by this Certificate of Trust is Caterpillar
Financial Asset Trust 2005-A.




          Delaware Trustee. The name and business address of the trustee of the Trust in the State of
Delaware are Chase Bank USA, N.A., c/o JPMorgan Chase, N.A., 500 Stanton Christiana Road, OPS4, 3rd
Floor, Newark, Delaware 19713 Attention: Institutional Trust Services.




          Effective Date. This Certificate of Trust shall be effective upon filing.




          IN WITNESS WHEREOF, the undersigned has duly executed this Certificate of Trust in accordance
with Section 3811(a)(1) of the Act.




	 	 	 	 	 
	 	 	CHASE BANK USA, N.A., not in its individual capacity
but solely as Trustee
	 
	 	 	 	 
	

	 	By:	 	 
	

	 	 	 	 
	

	 	Name:	 	 
	

	 	Title:	 	 






1









 






EXHIBIT C




CERTIFICATEHOLDER CERTIFICATION




     This Certificateholder Certification (“Certification”) is delivered pursuant to Section
11.13(b) of Caterpillar Financial Asset Trust 2005-A Amended and Restated Trust Agreement,
dated as of April 1, 2005 (the “Trust Agreement”), between Caterpillar Financial Funding
Corporation and Chase Bank USA, National Association, as Owner Trustee, in connection with the
acquisition of, transfer to or possession by the undersigned, whether as beneficial owner (the
“Beneficial Owner”), or nominee on behalf of the Beneficial Owner, of the Caterpillar Financial
Asset Trust 2005-A Asset Backed Certificate (the “Certificate”). Capitalized terms used but not
defined in this Certification have the respective meanings given them in the Trust Agreement.



     The holder must complete Part I, Part II (if the holder is a nominee), and in all cases sign
and otherwise complete Part III of Section A.



     Section A. To confirm to the Trust that the provisions of Section 1446 of the
Internal Revenue Code (relating to withholding tax on foreign partners) do not apply in respect of
the Certificate held by the undersigned, the undersigned hereby certifies:



Part I — Complete Either A or B





	 	A.  	Individual as Beneficial Owner






	 	1.  	I am (The Beneficial Owner is) not a non-resident alien for
purposes of U.S. income taxation;
	 
	 	2.  	My (The Beneficial Owner’s) name and home address are
	 
	 	   	                                                            
	 
	 	   	                                                            
	 
	 	   	                                                            ; and
	 
	 	3.  	My (The Beneficial Owner’s) U.S. taxpayer identification number
(Social Security Number) is                     .






	 	B.  	Corporate, Partnership or other Entity as Beneficial Owner






	 	1.  	                                        (Name of the Beneficial Owner)
is not a foreign corporation, foreign partnership, foreign trust or foreign
estate (as those terms are defined in the Code and Treasury regulations);




C-1









 






	 	2.  	The Beneficial Owner’s office address and place of
incorporation (if applicable) is                                         
	 
	 	   	                                                            ; and
	 
	 	3.  	The Beneficial Owner’s U.S. employer identification number
(Social Security Number) is                     .





Part II — Nominees




     If the undersigned is the nominee for the Beneficial Owner, the undersigned certifies that
this Certification has been made in reliance upon information contained in:



     ___an IRS Form W-9



     ___a form such as this or substantially similar



provided to the undersigned by an appropriate person and (i) the undersigned agrees to notify the
Trust at least thirty (30) days prior to the date that the form relied upon becomes obsolete, and
(ii) in connection with change in Beneficial Owners, the undersigned agrees to submit a new
Certification of Non-Foreign Status to the Trust promptly after such change.




Part III — Declaration




     The undersigned, as the Beneficial Owner or a nominee thereof, agrees to notify the Trust
within sixty (60) days of the date that the Beneficial Owner becomes a foreign person. The
undersigned understands that this Certification may be disclosed to the Internal Revenue Service by
the Trust and any false statement contained therein could be punishable by fines, imprisonment or
both.



C-2









 





          Under penalty of perjury, I declare that I have examined this Certification and to the best of
my knowledge and belief it is true, correct and complete and, if applicable, I further declare that
I have the authority* to sign this document









Name









Title (if applicable)









Signature and Date










	*NOTE:	 	If signed pursuant to a power of attorney, the power of attorney must accompany this
Certification.





          THE CERTIFICATION CONTAINED IN THIS SECTION A WILL BECOME OBSOLETE AT THE END OF THE THIRD
YEAR AFTER THE TAXABLE YEAR OF THE TRUST DURING WHICH THIS CERTIFICATION IS DELIVERED TO THE TRUST.





          Section B. The undersigned hereby certifies that (check one):




     1.     o     no assets of any Benefit Plan Investor were used to acquire the Certificate.



             OR










     2.     o     I am an insurance company, acting on behalf of my general account, and



     a. on the date I acquired the Certificate, less than 25% of the assets of my general account
constituted Plan Assets, and



     b. if, at any time during any calendar quarter after the initial acquisition of the
Certificate, 25% or more of the assets of such general account constitute “plan assets” (as defined
in the Plan Asset Regulation) and no exemption or exception from the prohibited transaction rules
applies to the continued holding of the Certificate under Section 401(c) of ERISA and final
regulations thereunder or an exemption or regulation issued by the DOL under ERISA, then I will
dispose of the Certificate then held in my general account by the end of the next following
calendar quarter and shall deliver to the Owner Trustee at the time of acquisition of the
Certificate a duly executed Certificateholder Certification in the form set forth in this exhibit.



     I declare that I have examined this Certification and to the best of my knowledge and belief
it is true, correct and complete and, if applicable, I further declare that I have the authority*
to sign this document



C-3









 










Name









Title (if applicable)









Signature and Date










	*NOTE:	 	If signed pursuant to a power of attorney, the power of attorney
must accompany this Certification.




C-4









 










EXECUTION COPY




	 	 	 
	 






AMENDED AND RESTATED TRUST AGREEMENT




among




CATERPILLAR FINANCIAL FUNDING CORPORATION




Seller




and




CHASE BANK USA, NATIONAL ASSOCIATION,




Owner Trustee




Dated as of April 28, 2005




	 	 	 
	 
















 






TABLE OF CONTENTS




	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page
	ARTICLE I DEFINITIONS	 	 	1	 
	 
	 	Section 1.01.	 	Capitalized Terms	 	 	1	 
	 
	 	Section 1.02.	 	Other Definitional Provisions	 	 	3	 
	ARTICLE II ORGANIZATION	 	 	3	 
	 
	 	Section 2.01.	 	Name	 	 	4	 
	 
	 	Section 2.02.	 	Office	 	 	4	 
	 
	 	Section 2.03.	 	Purpose and Powers	 	 	4	 
	 
	 	Section 2.04.	 	Appointment of Owner Trustee	 	 	4	 
	 
	 	Section 2.05.	 	Initial Capital Contribution of Trust Estate	 	 	5	 
	 
	 	Section 2.06.	 	Declaration of Trust	 	 	5	 
	 
	 	Section 2.07.	 	Liability of the Certificateholder	 	 	5	 
	 
	 	Section 2.08.	 	Title to Trust Property	 	 	5	 
	 
	 	Section 2.09.	 	Situs of Trust	 	 	5	 
	 
	 	Section 2.10.	 	Representations and Warranties of Seller	 	 	5	 
	 
	 	Section 2.11.	 	Amended and Restated Trust Agreement	 	 	6	 
	ARTICLE III CERTIFICATES AND TRANSFER OF INTERESTS	 	 	6	 
	 
	 	Section 3.01.	 	Initial Ownership	 	 	6	 
	 
	 	Section 3.02.	 	Form of Certificates	 	 	7	 
	 
	 	Section 3.03.	 	Authentication of the Certificate	 	 	7	 
	 
	 	Section 3.04.	 	Registration of Transfer of the Certificate	 	 	7	 
	 
	 	Section 3.05.	 	Mutilated, Destroyed, Lost or Stolen Certificate	 	 	8	 
	 
	 	Section 3.06.	 	Persons Deemed Owner	 	 	8	 
	 
	 	Section 3.07.	 	Access to List of Certificateholder’s Names and Addresses	 	 	8	 
	 
	 	Section 3.08.	 	Maintenance of Office or Agency	 	 	9	 
	 
	 	Section 3.09.	 	Appointment of Paying Agents	 	 	9	 
	 
	 	Section 3.10.	 	Certificates Nonassessable and Fully Paid	 	 	9	 
	ARTICLE IV ACTIONS BY OWNER TRUSTEE	 	 	9	 
	 
	 	Section 4.01.	 	Prior Notice to Certificateholder with Respect to Certain Matters	 	 	9	 
	 
	 	Section 4.02.	 	Action By the Certificateholder with Respect to Certain Matters	 	 	10	 
	 
	 	Section 4.03.	 	Action By Certificateholder with Respect to Bankruptcy	 	 	10	 






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	 	 	 	 	 	 	Page
	 
	 	Section 4.04.	 	Restrictions on Certificateholder’s Power	 	 	10	 
	ARTICLE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES	 	 	11	 
	 
	 	Section 5.01.	 	Establishment of Trust Account	 	 	11	 
	 
	 	Section 5.02.	 	Application of Trust Funds	 	 	11	 
	 
	 	Section 5.03.	 	Method of Payment	 	 	12	 
	 
	 	Section 5.04.	 	No Segregation of Monies; No Interest	 	 	12	 
	 
	 	Section 5.05.	 	Accounting and Report to the Noteholders, the Certificateholder, the	 	 	 	 
	 
	 	 	 	Internal Revenue Service and Others	 	 	12	 
	ARTICLE VI AUTHORITY AND DUTIES OF OWNER TRUSTEE	 	 	12	 
	 
	 	Section 6.01.	 	General Authority	 	 	12	 
	 
	 	Section 6.02.	 	General Duties	 	 	13	 
	 
	 	Section 6.03.	 	Action Upon Instruction	 	 	13	 
	 
	 	Section 6.04.	 	No Duties Except as Specified in This Agreement or in Instructions	 	 	14	 
	 
	 	Section 6.05.	 	No Action Except under Specified Documents or Instructions	 	 	14	 
	 
	 	Section 6.06.	 	Restrictions	 	 	14	 
	ARTICLE VII CONCERNING THE OWNER TRUSTEE	 	 	14	 
	 
	 	Section 7.01.	 	Acceptance of Trusts and Duties	 	 	15	 
	 
	 	Section 7.02.	 	Furnishing of Documents	 	 	16	 
	 
	 	Section 7.03.	 	Representations and Warranties	 	 	16	 
	 
	 	Section 7.04.	 	Reliance; Advice of Counsel	 	 	16	 
	 
	 	Section 7.05.	 	Not Acting in Individual Capacity	 	 	17	 
	 
	 	Section 7.06.	 	Owner Trustee Not Liable for the Certificate, Notes or Receivables	 	 	17	 
	 
	 	Section 7.07.	 	Owner Trustee May Own the Certificate and Notes	 	 	17	 
	ARTICLE VIII COMPENSATION OF OWNER TRUSTEE	 	 	17	 
	 
	 	Section 8.01.	 	Owner Trustee’s Fees and Expenses	 	 	18	 
	 
	 	Section 8.02.	 	Indemnification	 	 	18	 
	 
	 	Section 8.03.	 	Payments to the Owner Trustee	 	 	18	 
	ARTICLE IX TERMINATION OF TRUST AGREEMENT	 	 	18	 
	 
	 	Section 9.01.	 	Termination of Trust Agreement	 	 	18	 






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	 	 	 	 	 	 	Page
	ARTICLE X SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES	 	 	19	 
	 
	 	Section 10.01.	 	Eligibility Requirements for Owner Trustee	 	 	19	 
	 
	 	Section 10.02.	 	Resignation or Removal of Owner Trustee	 	 	20	 
	 
	 	Section 10.03.	 	Successor Owner Trustee	 	 	20	 
	 
	 	Section 10.04.	 	Merger or Consolidation of Owner Trustee	 	 	21	 
	 
	 	Section 10.05.	 	Appointment of Co-Trustee or Separate Trustee	 	 	21	 
	ARTICLE XI MISCELLANEOUS	 	 	22	 
	 
	 	Section 11.01.	 	Supplements and Amendments	 	 	22	 
	 
	 	Section 11.02.	 	No Legal Title to Owner Trust Estate in the Owner	 	 	23	 
	 
	 	Section 11.03.	 	Limitations on Rights of Others	 	 	23	 
	 
	 	Section 11.04.	 	Notices	 	 	23	 
	 
	 	Section 11.05.	 	Severability	 	 	24	 
	 
	 	Section 11.06.	 	Separate Counterparts	 	 	24	 
	 
	 	Section 11.07.	 	Successors and Assigns	 	 	24	 
	 
	 	Section 11.08.	 	[Intentionally Omitted]	 	 	24	 
	 
	 	Section 11.09.	 	No Petition	 	 	24	 
	 
	 	Section 11.10.	 	No Recourse	 	 	24	 
	 
	 	Section 11.11.	 	Headings	 	 	25	 
	 
	 	Section 11.12.	 	GOVERNING LAW	 	 	25	 
	 
	 	Section 11.13.	 	Certificate Transfer Restrictions	 	 	25	 
	 
	 	Section 11.14.	 	Seller Payment Obligation	 	 	25	 
	 	 	EXHIBITS	 	 	 	 
	 	 	EXHIBIT A – Form of Certificate	 	 	A-1	 
	 	 	EXHIBIT B – Certificate of Trust	 	 	B-1	 
	 	 	EXHIBIT C – Certificateholder Certification	 	 	C-1	 






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