** **

** **

**UNITED STATES**

**SECURITIESAND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

 

**FORM 10-K**

 

| **x** | **ANNUAL REPORT PURSUANT TO SECTION 13 OR  15(d) OF THE SECURITIES EXCHANGE ACT OF 1934** |
|-------|-----------------------------------------------------------------------------------------------------|

 

**For the fiscal year ended December 31, 2007.**

 

**OR**

 

| **o** | **TRANSITION REPORT PURSUANT TO SECTION 13 OR  15(d) OF THE SECURITIES EXCHANGE ACT OF 1934** |
|-------|---------------------------------------------------------------------------------------------------------|

 

**Commission File Number of issuing entity:333-130656-05**

 

**CNHEQUIPMENT TRUST 2007-C**

(Exact name of issuing entity as specified in its charter)

 

**Commission File Number of depositor: 333-130656**

 

**CNHCAPITAL RECEIVABLES LLC**

(Exact name of depositor as specified in its charter)

 

**CNHCAPITAL AMERICA LLC**

(Exact name of sponsor as specified in its charter)

 

**Delaware**

(State or other jurisdiction of incorporation or organization of theissuing entity)

 

| **26-6104126**                                            |
|-----------------------------------------------------------|
| (I.R.S. Employer Identification No.)                      |
|                                                      |   |   |
| **6900 Veterans Boulevard**                               | ** ** | ** ** |
| **Burr Ridge, Illinois**                                  | ** ** | **60527** |
| (Address of principal executive offices)                  |   | (Zip Code) |
|                                                      |   |   |
| **(630) 887-2095**                                        |
| (Registrant’s telephone number, including area code) |

 

Securities registeredpursuant to Section 12(b) of the Act: **None**.

 

Securities registeredpursuant to Section 12(g) of the Act: **None**.

 

Indicate by check mark ifthe registrant is a well-known seasoned issuer, as defined in Rule 405 ofthe Securities Act. Yes o  No x

 

Indicate by check mark ifthe registrant is not required to file reports pursuant to Section 13 or Section 15(d) ofthe Act. Yes o  No x

 

Indicate by check markwhether the registrant (1) has filed all reports required to be filed by Section 13or 15(d) of the Securities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to filesuch reports), and (2) has been subject to such filing requirements forthe past 90 days. x Yes  o No

 

Indicate bycheck mark if disclosure ofdelinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of thischapter) is not contained herein, and will not be contained, to the best ofregistrant’s knowledge, in definitive proxy or information statementsincorporated by reference in Part III of this Form 10-K or anyamendment to this Form 10-K. x

 

Indicate by check markwhether the registrant is a large accelerated filer, an accelerated filer, anon-accelerated filer, or a smaller reporting company. See definition of “largeaccelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2of the Exchange Act. Check one:

 

| Large accelerated filer o                      |   |   |   | Accelerated filer o         |
|------------------------------------------------|--------|--------|--------|-----------------------------|
| Non-accelerated filer x                        |   |   |   | Smaller Reporting Company o |
| (Do not check if a smaller  reporting company) |   |   |

 

Indicate by check markwhether the registrant is a shell company (as defined in Rule 12b-2 of theExchange Act).:  Yes o  No x

 

State the aggregate marketvalue of the voting and non-voting common equity held by non-affiliatescomputed by reference to the price at which the common equity was last sold, orthe average bid and asked price of such common equity, as of the last businessday of the registrant’s most recently completed second fiscal quarter. **Registrant has no voting or non-voting common equity outstanding heldby non-affiliates.**

 

Indicate the number ofshares outstanding of each of the registrant’s classes of common stock, as ofthe last practicable date.  **Not applicable.**

 

DOCUMENTS INCORPORATED BY REFERENCE

 

List hereunderthe following documents if incorporated by reference and the Part of the Form 10-K(e.g., Part I, Part II, etc.) into which the document isincorporated: (1) Any annual report to security holders; (2) Anyproxy or information statement; and (3) Any prospectus filed pursuant to Rule 424(b) or(c) under the Securities Act of 1933. The listed documents should be clearly described for identificationpurposes (e.g., annual report to security holders for fiscal year ended December 24,1980).

 

**None.**

 

 

----

 

 

 

* *

 

**PART I**

 

CNH Equipment Trust 2007-C(the “Trust”) is a trust established under the laws of the State of Delaware bythe Trust Agreement dated November 1, 2007 between CNH Capital ReceivablesLLC (the “Seller”), and Wilmington Trust Company, as trustee. New HollandCredit Company, LLC, (the “Servicer”), is the Servicer under a Sale andServicing Agreement (the “Sale and Servicing Agreement”) dated as of November 1,2007 among the Servicer, the Seller and the Trust. The Trust issued$487,500,000 in aggregate principal amount of publicly registered asset-backed Class Anotes (Classes A-1, A-2, A-3a, A-3b, A-4a and A-4b (the “Offered Notes”)), and$12,500,000 in aggregate principal amount of asset-backed Class B notesthat were not publicly registered (the “Class B Notes”, together with theOffered Notes, the “Notes”), pursuant to an Indenture dated as of November 1,2007, between the Trust and The Bank of New York Trust Company, N.A., asindenture trustee. CNH Capital America LLC initially acquired ownership of the Class BNotes on the closing date (December 13, 2007) and the Seller initiallyretained ownership of the certificates representing the ownership interest inthe Trust (the “Certificates”).

 

The following Items havebeen omitted in accordance with General Instruction J to Form 10-K:

 
| **Item 1.**  | ** ** | **Business.**                                             |
|--------------|------------|-----------------------------------------------------------|
|         |       |                                                      |
| **Item 1A.** | ** ** | **Risk  Factors.**                                        |
|         |       |                                                      |
| **Item 2.**  | ** ** | **Properties.**                                           |
|         |       |                                                      |
| **Item 3.**  | ** ** | **Legal  Proceedings.**                                   |
|         |       |                                                      |
| **Item 4.**  | ** ** | **Submission  of Matters to a Vote of Security Holders.** |
|         |       |                                                      |
| **Item 1B.** | ** ** | **Unresolved  Staff Comments.**Not Applicable.            |

 

 

**PART II**

 

The following Items havebeen omitted in accordance with General Instruction J to Form 10-K:

 
| **Item 5.**  | ** ** | **Market  for Registrant’s Common Equity, Related Stockholder Matters and Issuer  Purchases of Equity Securities.** |
|--------------|------------|--------------------------------------------------------------------------------------------------------------------------|
|         |       |                                                                                                                     |
| **Item 6.**  | ** ** | **Selected Financial  Data.**                                                                                            |
|         |       |                                                                                                                     |
| **Item 7.**  | ** ** | **Management’s  Discussion and Analysis of Financial Condition and Results of Operations.**                         |
|         |       |                                                                                                                     |
| **Item 7A.** | ** ** | **Quantitative  and Qualitative Disclosures About Market Risk.**                                                         |
|         |       |                                                                                                                     |
| **Item 8.**  | ** ** | **Financial  Statements and Supplementary Data.**                                                                        |

 

2

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| **Item 9.**      | ** ** | **Changes  in and Disagreements With Accountants on Accounting and Financial Disclosure.** |
|------------------|------------|--------------------------------------------------------------------------------------------|
|             |       |                                                                                       |
| **Item 9A.**     | ** ** | **Controls  and Procedures.**                                                              |
|             |       |                                                                                       |
| **Item  9A(T).** | ** ** | **Controls  and Procedures.**                                                              |
|             |       |                                                                                       |
| **Item 9B.**     | ** ** | **Other  Information.**None.                                                               |

 

**PART III**

 

Thefollowing Items have been omitted in accordance with General Instruction J to Form 10-K:

 
| **Item 10.** | ** ** | **Directors,  Executive Officers and Corporate Governance.**                                          |
|--------------|------------|-------------------------------------------------------------------------------------------------------|
|         |       |                                                                                                  |
| **Item 11.** | ** ** | **Executive  Compensation.**                                                                          |
|         |       |                                                                                                  |
| **Item 12.** | ** ** | **Security  Ownership of Certain Beneficial Owners and Management and Related Stockholder  Matters.** |
|         |       |                                                                                                  |
| **Item 13.** | ** ** | **Certain  Relationships and Related Transactions, and Director Independence.**                       |
|         |       |                                                                                                  |
| **Item 14.** | ** ** | **Principal  Accountant Fees and Services.**                                                          |

 

**PART IV**

 
| **Item 15.** | ** ** | **Exhibits  and Financial Statements Schedules.** |
|--------------|------------|---------------------------------------------------|

 
| (a)    | (1)       |   | Not applicable.                                                                                     |
|--------|-----------|--------|-----------------------------------------------------------------------------------------------------|
|   |      |   |                                                                                                |
|   | (2)       |   | Not applicable.                                                                                     |
|   |      |   |                                                                                                |
|   | (3)  |   | The exhibits filed in  response to Item 601 of Regulation S-K are listed in the Exhibit Index. |

 

3

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(b)     Exhibits.

 
| **Exhibit Number** | ** ** | **Description**                                                                                                                                                                                                                                                                                                                                                            |
|-------------------------|------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ** **              | ** ** | ** **                                                                                                                                                                                                                                                                                                                                                                 |
| **Exhibit 3.1:**   |       | Certificate of Formation  of CNH Capital Receivables LLC (Filed as Exhibit 3(a) to  registrant’s Form S-3 filed on December 23, 2005, and incorporated  herein by reference).                                                                                                                                                                     |
|                    |       |                                                                                                                                                                                                                                                                                                                                                                       |
| **Exhibit 3.2:**   |       | Limited Liability Company  Agreement of CNH Capital Receivables LLC (Filed as Exhibit 3(b) to  registrant’s Form S-3 filed on December 23, 2005, and incorporated  herein by reference).                                                                                                                                                          |
|                    |       |                                                                                                                                                                                                                                                                                                                                                                       |
| **Exhibit 4.1:**   |       | Indenture, dated as of  November 1, 2007, between CNH Equipment Trust 2007-C and The Bank of New  York Trust Company, N.A. (Filed as Exhibit 4.1 of the Trust’s Current  Report on Form 8-K filed on December 18, 2007, and incorporated  herein by reference).                                                                                   |
|                    |       |                                                                                                                                                                                                                                                                                                                                                                       |
| **Exhibit 4.2:**   |       | Trust Agreement, dated as  of November 1, 2007, among CNH Capital Receivables LLC and Wilmington  Trust Company, as trustee (Filed as Exhibit 4.2 of the Trust’s Current  Report on Form 8-K filed on December 18, 2007, and incorporated  herein by reference).                                                                                  |
|                    |       |                                                                                                                                                                                                                                                                                                                                                                       |
| **Exhibit 4.3:**   |       | Sale and Servicing  Agreement, dated as of November 1, 2007, among CNH Capital Receivables  LLC, New Holland Credit Company, LLC and CNH Equipment Trust 2007-C (Filed as  Exhibit 4.3 of the Trust’s Current Report on Form 8-K filed on  December 18, 2007, and incorporated herein by reference).                                              |
|                    |       |                                                                                                                                                                                                                                                                                                                                                                       |
| **Exhibit 4.4:**   |       | Purchase Agreement, dated  as of November 1, 2007, between CNH Capital Receivables LLC and CNH  Capital America LLC (Filed as Exhibit 4.4 of the Trust’s Current Report  on Form 8-K filed on December 18, 2007, and incorporated herein by  reference).                                                                                          |
|                    |       |                                                                                                                                                                                                                                                                                                                                                                       |
| **Exhibit 4.5:**   |       | Administration Agreement,  dated as of November 1, 2007, among New Holland Credit Company, LLC, CNH  Equipment Trust 2007-C, Wilmington Trust Company and The Bank of New York  Trust Company, N.A. (Filed as Exhibit 4.5 of the Trust’s Current Report  on Form 8-K filed on December 18, 2007, and incorporated herein by  reference).          |
|                    |       |                                                                                                                                                                                                                                                                                                                                                                       |
| **Exhibit 4.6:**   |       | Backup Servicing  Agreement, dated as of November 1, 2007, among CNH Capital Receivables  LLC, New Holland Credit Company, LLC, CNH Equipment Trust 2007-C and Systems  and Services Technologies, Inc. (Filed as Exhibit 4.6 of the  Trust’s Current Report on Form 8-K filed on December 18, 2007, and  incorporated herein by reference). |
| ** **              | ** ** | ** **                                                                                                                                                                                                                                                                                                                                                                 |
| **Exhibit 4.7:**   |       | ISDA  Master Agreement, dated as of December 13, 2007, between Barclays Bank  PLC and CNH Equipment Trust 2007-C (Filed as Exhibit 4.7 of the Trust’s  Current Report on Form 8-K filed on December 18, 2007, and  incorporated herein by reference).                                                                                             |
| ** **              | ** ** | ** **                                                                                                                                                                                                                                                                                                                                                                 |
| **Exhibit 4.8:**   |       | Confirmation  (Class A-2 Notes) to ISDA Master Agreement, dated as of  December 13, 2007, between CNH Equipment Trust 2007-C and Barclays Bank  PLC (Filed as Exhibit 4.8 of the Trust’s Current Report on Form 8-K  filed on December 18, 2007, and incorporated herein by reference).                                                      |

 

4

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| **Exhibit 4.9:**  |       | Confirmation  (Class A-3b Notes) to ISDA Master Agreement, dated as of  December 13, 2007, between CNH Equipment Trust 2007-C and Barclays Bank  PLC (Filed as Exhibit 4.9 of the Trust’s Current Report on Form 8-K  filed on December 18, 2007, and incorporated herein by reference).                 |
|------------------------|------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                             |
| **Exhibit 4.10:** |       | Confirmation  (Class A-4b Notes) to ISDA Master Agreement, dated as of  December 13, 2007, between CNH Equipment Trust 2007-C and Barclays Bank  PLC (Filed as Exhibit 4.10 of the Trust’s Current Report on  Form 8-K filed on December 18, 2007, and incorporated herein by  reference).               |
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                             |
| **Exhibit 4.11:** |       | Schedule  to the ISDA Master Agreement, dated as of December 13, 2007, between CNH  Equipment Trust 2007-C and Barclays Bank PLC (Filed as Exhibit 4.11 of  the Trust’s Current Report on Form 8-K filed on December 18, 2007,  and incorporated herein by reference).                                        |
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                             |
| **Exhibit 4.12:** |       | ISDA  Credit Support Annex to the Schedule to the 1992 ISDA Master Agreement, dated  as of December 13, 2007, between Barclays Bank PLC and CNH Equipment  Trust 2007-C (Filed as Exhibit 4.12 of the Trust’s Current Report on  Form 8-K filed on December 18, 2007, and incorporated herein by  reference). |
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                             |
| **Exhibit 10.1:** |       | Underwriting Agreement,  dated as of December 6, 2007, among CNH Capital America LLC, CNH Capital  Receivables LLC, Barclays Capital Inc. and ABN AMRO Incorporated (Filed as  Exhibit 1.1 of the Trust’s Current Report on Form 8-K filed on  December 18, 2007, and incorporated herein by reference).      |
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                             |
| **Exhibit 31.1:** |       | Section 302  Certification.                                                                                                                                                                                                                                                                                                       |
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                             |
| **Exhibit 33.1:** |       | Certification Regarding  Compliance with Applicable Servicing Criteria (New Holland Credit Company,  LLC).                                                                                                                                                                                                                             |
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                             |
| **Exhibit 33.2:** |       | Assertion of Compliance  with Applicable Servicing Criteria (The Bank of New York Trust Company,  N.A.).                                                                                                                                                                                                                               |
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                             |
| **Exhibit 34.1:** |       | Report of Independent  Registered Public Accounting Firm (Deloitte & Touche LLP).                                                                                                                                                                                                                                             |
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                             |
| **Exhibit 34.2:** |       | Report of Independent  Registered Public Accounting Firm (KPMG LLP).                                                                                                                                                                                                                                                                   |
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                             |
| **Exhibit 35.1:** |       | Servicing Compliance  Statement of New Holland Credit Company, LLC.                                                                                                                                                                                                                                                                    |

 

(c)      Omitted.

 

5

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***Substitute information provided in accordance with General InstructionJ to Form 10-K****:*

 

**Item 1112(b) ofRegulation AB. Significant Obligor Financial Information.**

 

No obligor relating to thepool assets held by the issuing entity is a “significant obligor” as that termis defined in Regulation AB.

 

**Item1114(b)(2) of Regulation AB: Credit Enhancement and Other Support, Exceptfor Certain Derivatives Instruments.**

 

Based on the standards setforth in Item 1114(b)(2) of Regulation AB, no information is required inresponse to this Item.

 

**Item 1115(b) ofRegulation AB: Certain Derivatives Instruments.**

 

Based on the standards setforth in Item 1115(b) of Regulation AB, no information is required inresponse to this Item.

 

**Item 1117of Regulation AB. Legal Proceedings.**

 

The registrant knows of nomaterial pending legal proceedings or material legal proceedings contemplatedby governmental authorities against any of the parties or property for whichItem 1117 of Regulation AB would require disclosure.

 

**Item 1119of Regulation AB. Affiliates and Certain Relationships and RelatedTransactions.**

 

Information required by Item1119 of Regulation AB has been omitted from this report on Form 10-K inreliance on the Instruction to Item 1119 because such information has beenpreviously provided as permitted by the Instructions to Item 1119.

 

**Item 1122of Regulation AB. Compliance with Applicable Servicing Criteria.**

 

Each of New Holland CreditCompany, LLC (“NHCC”) and The Bank of New York Trust Company, N.A. (“BNY”)(each, a “Servicing Participant”) have been identified by the registrant as aparty participating in the servicing function with respect to the pool assetsheld by the Trust. Each of the Servicing Participants has completed a report onassessment of compliance with the servicing criteria applicable to suchServicing Participant (each, a “Report on Assessment”). The Report onAssessment provided by NHCC and the Report on Assessment provided by BNY aredated as of March 25, 2008 and February 29, 2008, respectively, andfor a period consisting of the twelve months ended December 31, 2007. EachReport on Assessment is attached as an exhibit to this Form 10-K.

 

In addition, each of theServicing Participants has provided an attestation report (each, an “AttestationReport”) by an independent registered public accounting firm regarding itsrelated Report on Assessment. Each Attestation Report is attached as an exhibitto this Form 10-K.

 

6

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Except as set forth in thefollowing two paragraphs, none of the Reports on Assessment or the relatedAttestation Reports have identified (i) any material instances of noncompliancewith the servicing criteria identified in such Report on Assessment asapplicable to the related Servicing Participant or (ii) in the case ofNHCC, any material deficiency in NHCC’s policies and procedures to monitorvendor compliance.

 

The NHCC Report onAssessment and related Attestation Report each identify the following materialinstance of noncompliance by NHCC with the servicing criteria applicable toNHCC as identified in the NHCC Report on Assessment:

 

Regulation AB Item1122(d)(2)(vii):  Certain custodialaccount and related bank clearing account reconciliations were not beingprepared within thirty calendar days after the bank statement cutoff date andcontained reconciling items that had not been resolved within ninety days oftheir original identification.  A systemconversion occurring in 2007 resulted in a temporary delay in the availabilityof certain information causing several reconciliations to be completed beyondthe 30 day timeframe.  NHCC hasimplemented various processes designed to increase the certainty that data isconsistently available on a timely basis. NHCC has ongoing initiatives designed to increase the certainty thatreconciling items are cleared within 90 days of original identification.

 

The BNY Report on Assessmentand related Attestation Report each identify the following material instance ofnoncompliance by BNY with the servicing criteria applicable to BNY identifiedin such Report on Assessment:

 

With respect to RegulationAB Item 1122(d)(2)(i) (which contemplates that payments on pool assets aredeposited into the appropriate custodial bank accounts and related bankclearing accounts no more than two business days of receipt, or such othernumber of days specified in the transaction agreements), the registrant and NHCCwere informed by BNY that:

 

Withrespect to collections received on assets relating to certain series ofsecurities, such collections were not deposited into a segregated account foreach specified series but rather were deposited into a general account held bythe Company (defined as The Bank of New York, The Bank of New York TrustCompany, N.A. and BNYM (Delaware), collectively) as Indenture Trustee(hereinafter referred to as the “Indenture Trustee”) and remitted directly tothe investors.  All collections wereproperly allocated by the Indenture Trustee to the related series of securitiesand timely remitted to the investors in such series.  The segregated account for each specifiedseries was in existence prior to the time deposits were to be made into suchaccount but such account was not utilized in all instances by the IndentureTrustee as stated above.  Procedures havebeen in place and are currently being reinforced so that collections aredeposited into the segregated account for each specified series within theapplicable time frames and then remitted to the investors in such series all inaccordance with the related transaction documents.

 

Neither we nor NHCC haveindependently verified the accuracy of BNY’s assertions or the adequacy of itsremediation efforts; however, the registrant has been informed by BNY that theabove instance of noncompliance by the Indenture Trustee was not in connectionwith the activities BNY performed relating to the CNH Equipment Trust 2007-Ctransaction.

 

**Item 1123of Regulation AB. Servicer Compliance Statement.**

 

A Servicer ComplianceStatement from an officer of New Holland Credit Company, LLC is included as anexhibit to this Report.

 

7

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* *

 

**SIGNATURES**

 

Pursuant to the requirementsof Section 13 or 15(d) of the Securities Exchange Act of 1934, theregistrant has duly caused this report to be signed on its behalf by theundersigned, thereunto duly authorized.

 

March 28, 2008

 
| ** ** | **CNH  EQUIPMENT TRUST 2007-C** |
|------------|---------------------------------|
| ** ** | ** **                      | ** ** |
|       | By:                             | New Holland Credit  Company, LLC, as Servicer |
|       |                            |   |
|       |                            | By: | /s/ Steven C. Bierman |
|       |                            | Name: | Steven C. Bierman |
|       |                            | Title: | President (senior officer  in charge of the   servicing function) |

 

**SUPPLEMENTALINFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION 15(D) OFTHE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES PURSUANT TO SECTION 12OF THE ACT.**

 

**No annualreport or proxy materials have been sent to securityholders and the registrantdoes not intend to furnish such report or proxy materials to securityholderssubsequent to the filing of this Annual Report on Form 10-K.**

 

8

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**CNHEQUIPMENT TRUST 2007-C**

 

**EXHIBITINDEX**

 
| **Exhibit Number** | ** ** | **Description**                                                                                                                                                                                                                                                                                                                                                   |
|-------------------------|------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ** **              | ** ** | ** **                                                                                                                                                                                                                                                                                                                                                        |
| **Exhibit 3.1:**   |       | Certificate of Formation  of CNH Capital Receivables LLC (Filed as Exhibit 3(a) to  registrant’s Form S-3 filed on December 23, 2005, and incorporated  herein by reference).                                                                                                                                                            |
|                    |       |                                                                                                                                                                                                                                                                                                                                                              |
| **Exhibit 3.2:**   |       | Limited Liability Company  Agreement of CNH Capital Receivables LLC (Filed as Exhibit 3(b) to  registrant’s Form S-3 filed on December 23, 2005, and incorporated  herein by reference).                                                                                                                                                 |
|                    |       |                                                                                                                                                                                                                                                                                                                                                              |
| **Exhibit 4.1:**   |       | Indenture, dated as of  November 1, 2007, between CNH Equipment Trust 2007-C and The Bank of New  York Trust Company, N.A. (Filed as Exhibit 4.1 of the Trust’s Current  Report on Form 8-K filed on December 18, 2007, and incorporated  herein by reference).                                                                          |
|                    |       |                                                                                                                                                                                                                                                                                                                                                              |
| **Exhibit 4.2:**   |       | Trust Agreement, dated as  of November 1, 2007, among CNH Capital Receivables LLC and Wilmington  Trust Company, as trustee (Filed as Exhibit 4.2 of the Trust’s Current  Report on Form 8-K filed on December 18, 2007, and incorporated  herein by reference).                                                                         |
|                    |       |                                                                                                                                                                                                                                                                                                                                                              |
| **Exhibit 4.3:**   |       | Sale and Servicing  Agreement, dated as of November 1, 2007, among CNH Capital Receivables  LLC, New Holland Credit Company, LLC and CNH Equipment Trust 2007-C (Filed as  Exhibit 4.3 of the Trust’s Current Report on Form 8-K filed on  December 18, 2007, and incorporated herein by reference).                                     |
|                    |       |                                                                                                                                                                                                                                                                                                                                                              |
| **Exhibit 4.4:**   |       | Purchase Agreement, dated  as of November 1, 2007, between CNH Capital Receivables LLC and CNH  Capital America LLC (Filed as Exhibit 4.4 of the Trust’s Current Report  on Form 8-K filed on December 18, 2007, and incorporated herein by  reference).                                                                                 |
|                    |       |                                                                                                                                                                                                                                                                                                                                                              |
| **Exhibit 4.5:**   |       | Administration Agreement,  dated as of November 1, 2007, among New Holland Credit Company, LLC, CNH  Equipment Trust 2007-C, Wilmington Trust Company and The Bank of New York  Trust Company, N.A. (Filed as Exhibit 4.5 of the Trust’s Current Report  on Form 8-K filed on December 18, 2007, and incorporated herein by  reference). |
|                    |       |                                                                                                                                                                                                                                                                                                                                                              |
| **Exhibit 4.6:**   |       | Backup Servicing  Agreement, dated as of November 1, 2007, among CNH Capital Receivables  LLC, New Holland Credit Company, LLC, CNH Equipment Trust 2007-C and Systems  and Services Technologies, Inc. (Filed as                                                                                                                                       |

 

9

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| ** **             | ** ** | Exhibit 4.6 of the  Trust’s Current Report on Form 8-K filed on December 18, 2007, and  incorporated herein by reference).                                                                                                                                                                                         |
|------------------------|------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ** **             | ** ** |                                                                                                                                                                                                                                                                                                                                   |
| **Exhibit 4.7:**  |       | ISDA  Master Agreement, dated as of December 13, 2007, between Barclays Bank  PLC and CNH Equipment Trust 2007-C (Filed as Exhibit 4.7 of the Trust’s  Current Report on Form 8-K filed on December 18, 2007, and  incorporated herein by reference).                                                         |
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                             |
| **Exhibit 4.8:**  |       | Confirmation  (Class A-2 Notes) to ISDA Master Agreement, dated as of  December 13, 2007, between CNH Equipment Trust 2007-C and Barclays Bank  PLC (Filed as Exhibit 4.8 of the Trust’s Current Report on Form 8-K  filed on December 18, 2007, and incorporated herein by reference).                  |
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                             |
| **Exhibit 4.9:**  |       | Confirmation  (Class A-3b Notes) to ISDA Master Agreement, dated as of  December 13, 2007, between CNH Equipment Trust 2007-C and Barclays Bank  PLC (Filed as Exhibit 4.9 of the Trust’s Current Report on Form 8-K  filed on December 18, 2007, and incorporated herein by reference).                 |
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                             |
| **Exhibit 4.10:** |       | Confirmation  (Class A-4b Notes) to ISDA Master Agreement, dated as of  December 13, 2007, between CNH Equipment Trust 2007-C and Barclays Bank  PLC (Filed as Exhibit 4.10 of the Trust’s Current Report on  Form 8-K filed on December 18, 2007, and incorporated herein by  reference).               |
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                             |
| **Exhibit 4.11:** |       | Schedule  to the ISDA Master Agreement, dated as of December 13, 2007, between CNH  Equipment Trust 2007-C and Barclays Bank PLC (Filed as Exhibit 4.11 of  the Trust’s Current Report on Form 8-K filed on December 18, 2007,  and incorporated herein by reference).                                        |
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                             |
| **Exhibit 4.12:** |       | ISDA  Credit Support Annex to the Schedule to the 1992 ISDA Master Agreement, dated  as of December 13, 2007, between Barclays Bank PLC and CNH Equipment  Trust 2007-C (Filed as Exhibit 4.12 of the Trust’s Current Report on  Form 8-K filed on December 18, 2007, and incorporated herein by  reference). |
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                             |
| **Exhibit 10.1:** |       | Underwriting Agreement,  dated as of December 6, 2007, among CNH Capital America LLC, CNH Capital  Receivables LLC, Barclays Capital Inc. and ABN AMRO Incorporated (Filed as  Exhibit 1.1 of the Trust’s Current Report on Form 8-K filed on  December 18, 2007, and incorporated herein by reference).      |
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                             |
| **Exhibit 31.1:** |       | Section 302  Certification.                                                                                                                                                                                                                                                                                                       |
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                             |
| **Exhibit 33.1:** |       | Certification Regarding  Compliance with Applicable Servicing Criteria (New Holland Credit Company,  LLC).                                                                                                                                                                                                                             |

 

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| **Exhibit 33.2:** |       | Assertion of Compliance  with Applicable Servicing Criteria (The Bank of New York Trust Company,  N.A.). |
|------------------------|------------|----------------------------------------------------------------------------------------------------------|
| ** **             | ** ** | ** **                                                                                               |
| **Exhibit 34.1:** |       | Report of Independent  Registered Public Accounting Firm (Deloitte & Touche LLP).               |
| ** **             | ** ** | ** **                                                                                               |
| **Exhibit 34.2:** |       | Report of Independent  Registered Public Accounting Firm (KPMG LLP).                                     |
| ** **             | ** ** | ** **                                                                                               |
| **Exhibit 35.1:** |       | Servicing Compliance  Statement of New Holland Credit Company, LLC.                                      |

 

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