Document:

Exhibit 4.2

 

Execution Version

 

ASSIGNMENT AND ASSUMPTION OF

INTERCREDITOR AGREEMENT

 

THIS ASSIGNMENT
AND ASSUMPTION OF INTERCREDITOR AGREEMENT, dated as of December 2, 2015 (this “Assignment”), is among General
Electric Capital LLC, a Delaware limited liability company (formerly known as General Electric Capital Corporation), as assignor
originator (the “Assignor”), and GE Capital US Holdings, Inc., as assignee originator (the “Assignee”).

BACKGROUND

WHEREAS, the Assignor,
GE TF Trust, a Delaware statutory trust and GE Equipment Transportation LLC, Series 2013-2 (the “Issuer”) are
parties to an Intercreditor Agreement dated as of October 30, 2013 (the “Intercreditor Agreement”);

 

WHEREAS, the Assignor
wishes to assign all of its rights and obligations as an Originator under (and as defined in) the Intercreditor Agreement to the
Assignee, and the Assignee wishes to assume such rights and obligations as an Originator under (and as defined in) the Intercreditor
Agreement;

NOW, THEREFORE,
in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto hereby agree as follows:

SECTION 1. Definitions.
Capitalized terms defined in the Intercreditor Agreement and used but not otherwise defined herein have the meanings given to them
in (or by reference in) the Intercreditor Agreement.

SECTION 2. Assignment
and Assumption.

 

(a)          The
Assignor hereby assigns all of its rights and obligations as an Originator under (and as defined in) the Intercreditor
Agreement to the Assignee, effective as of the Effective Time, and the Assignee assumes such rights and obligations as an Originator under (and as defined in) the Intercreditor Agreement, effective as of the Effective Time.

 

(b)          This
Agreement shall not constitute (i) a waiver by any of the parties hereto of any obligation or liability which the Assignor, may
have incurred in connection with the Intercreditor Agreement or (ii) an assumption by the Assignee, of any liability of the Assignor,
arising out of a breach by the Assignor, of its duties under the Intercreditor Agreement.

 

SECTION 3. Notices.
For the purposes of Section 5.1 of the Intercreditor Agreement, all notices, whether faxed or mailed, will be deemed received
as provided in Section 5.1 of the Intercreditor Agreement when sent pursuant to the following instructions:

  

    	 	
	

GEET 2013-2 Assignment and Assumption of
Intercreditor Agreement

     

    

  

If to the Assignor:

 

General Electric Capital
LLC

901 Main Avenue

Norwalk, Connecticut
06851

Attention: Legal Department

michael.paolillo@ge.com

 

With a copy to:

 

General Electric Capital
LLC

201 Merritt 7

Norwalk, Connecticut
06851

Attention: Capital
Markets - Securitization

charles.rhodes@ge.com

michael.paolillo@ge.com

 

If to the Assignee:

 

GE Capital US Holdings,
Inc.

901 Main Avenue

Norwalk, Connecticut 06851

Attention: Legal Department

michael.paolillo@ge.com

 

If to the Issuer:

 

GE Equipment Transportation LLC, Series 2013-2

10 Riverview Drive

Danbury, Connecticut 06810

Attention: Capital Markets Operations

Telephone: (203) 749-2101

Facsimile: (203) 749-4054

 

With a copy to:

 

GE Capital US Holdings,
Inc.

901 Main Avenue

Norwalk, Connecticut 06851

Attention: Legal Department

michael.paolillo@ge.com

 

SECTION 4. Miscellaneous.

 

(a)          This
Assignment is entered into and the assignment and assumption effected hereby shall be effective as of 1:00 a.m. (New York time)
on December 2, 2015 (the “Effective Time”); provided, that each of the parties hereto shall have executed
a counterpart to this Assignment.

 

    	 	2
	

GEET 2013-2 Assignment and Assumption of
Intercreditor Agreement

     

    

 

(b)          THIS
ASSIGNMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE,
BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS
5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW, BUT WITHOUT REGARD TO ANY OTHER CONFLICT OF LAWS PROVISIONS THEREOF) AND ANY
APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.

 

(c)          EACH
PARTY HERETO HEREBY CONSENTS AND AGREES THAT THE STATE OR FEDERAL COURTS LOCATED IN THE BOROUGH OF MANHATTAN IN NEW YORK CITY SHALL
HAVE EXCLUSIVE JURISDICTION TO HEAR AND DETERMINE ANY CLAIM OR DISPUTES BETWEEN THEM PERTAINING TO THIS ASSIGNMENT OR TO ANY MATTER
ARISING OUT OF OR RELATED TO THIS ASSIGNMENT; PROVIDED, THAT EACH PARTY HERETO ACKNOWLEDGES THAT ANY APPEAL FROM THOSE COURTS
MAY HAVE TO BE HEARD BY A COURT LOCATED OUTSIDE OF THE BOROUGH OF MANHATTAN IN NEW YORK CITY. EACH PARTY HERETO SUBMITS AND CONSENTS
IN ADVANCE TO SUCH JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT, AND EACH PARTY HERETO WAIVES ANY OBJECTION THAT
SUCH PARTY MAY HAVE BASED UPON LACK OF PERSONAL JURISDICTION, IMPROPER VENUE OR FORUM NON CONVENIENS AND HEREBY
CONSENTS TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY SUCH COURT. EACH PARTY HERETO HEREBY WAIVES
PERSONAL SERVICE OF THE SUMMONS, COMPLAINT AND OTHER PROCESS ISSUED IN ANY SUCH ACTION OR SUIT AND AGREES THAT SERVICE OF SUCH
SUMMONS, COMPLAINT AND OTHER PROCESS MAY BE MADE BY REGISTERED OR CERTIFIED MAIL ADDRESSED TO SUCH PARTY AT ITS ADDRESS DETERMINED
IN ACCORDANCE WITH SECTION 5.1 OF THE INTERCREDITOR AGREEMENT AND THAT SERVICE SO MADE SHALL BE DEEMED COMPLETED UPON THE EARLIER
OF SUCH PARTY’S ACTUAL RECEIPT THEREOF OR THREE DAYS AFTER DEPOSIT IN THE UNITED STATES MAIL, PROPER POSTAGE PREPAID. NOTHING
IN THIS SECTION SHALL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE LEGAL PROCESS IN ANY OTHER MANNER PERMITTED BY LAW.

 

(d)          BECAUSE
DISPUTES ARISING IN CONNECTION WITH COMPLEX FINANCIAL TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN EXPERIENCED
AND EXPERT PERSON AND THE PARTIES WISH APPLICABLE STATE AND FEDERAL LAWS TO APPLY (RATHER THAN ARBITRATION RULES), THE PARTIES
DESIRE THAT THEIR DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION OF
THE BENEFITS OF THE JUDICIAL SYSTEM AND OF ARBITRATION, THE PARTIES HERETO WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT,
OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, ARISING OUT OF, CONNECTED WITH,
RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH THIS ASSIGNMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY.

 

    	 	3
	

GEET 2013-2 Assignment and Assumption of
Intercreditor Agreement

     

    

 

(e)          Headings
used herein are for convenience of reference only and shall not affect the meaning of this Assignment or any provision hereof.

 

(f)          This
Assignment may be executed in any number of counterparts, and by the parties hereto on separate counterparts, each of which when
executed and delivered shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.

 

(g)          Executed
counterparts of this Assignment may be delivered electronically.

 

[SIGNATURES
FOLLOW] 

 

    	 	4
	

GEET 2013-2 Assignment and Assumption of
Intercreditor Agreement

     

    

 

IN WITNESS WHEREOF, the
parties hereto have caused this Assignment to be duly executed as of the date and year first above written.

 

	 	GENERAL ELECTRIC CAPITAL LLC,
	 	as the Assignor
	 	 	 
	 	By: 	/s/ Thomas A. Davidson
	 	Name:	 Thomas A. Davidson
	 	Title: 	Authorized Signatory

 

    	 	S-1
	

GEET 2013-2 Assignment and Assumption of
Intercreditor Agreement

     

    

 

	 	GE CAPITAL US HOLDINGS, INC.,
	 	as the Assignee 
	 	 	 
	 	By: 	/s/ Thomas A. Davidson
	 	Name: 	Thomas A. Davidson
	 	Title: 	Authorized Signatory

 

    	 	S-2
	

GEET 2013-2 Assignment and Assumption of
Intercreditor Agreement

     

    

 

Acknowledged and agreed as of the date and year first above written

 

	 	GE EQUIPMENT TRANSPORTATION LLC, 
	 	SERIES 2013-2
	 	 	 
	 	By:	CEF Equipment Holding, L.L.C.,
	 	 	its Managing Member
	 	 	 
	 	By: 	/s/ Thomas A. Davidson
	 	Name: 	Thomas A. Davidson
	 	Title: 	President and Chief Executive Officer

  

    	 	S-3
	

GEET 2013-2 Assignment and Assumption of
Intercreditor AgreementExhibit 4.3

 

Execution Version

 

ASSIGNMENT OF

RECEIVABLES SALE AGREEMENT

 

THIS ASSIGNMENT OF RECEIVABLES
SALE AGREEMENT, dated as of December 2, 2015 (this “Assignment”), is among General Electric Capital LLC, a Delaware
limited liability company (formerly known as General Electric Capital Corporation), as assignor (the “Assignor”)
and GE Capital US Holdings, Inc., a Delaware corporation (the “Assignee”), and consented to by CEF Equipment
Holding, L.L.C., a Delaware limited liability company (“CEF Holding”).

 

BACKGROUND

 

WHEREAS, the Assignor,
GE Capital Title Holding Corp., and CEF Holding are parties
to a receivables sale agreement, dated as of October 30, 2013 (the “Receivables Sale Agreement”); and

 

WHEREAS, the Assignor desires
to assign all of its rights, benefits, obligations and duties as a Seller under the Receivables Sale Agreement to the Assignee,
and the Assignee desires to assume such rights, benefits, obligations and duties under the Receivables Sale Agreement;

 

NOW, THEREFORE, in consideration
of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto hereby agree as follows:

 

SECTION 1. Definitions.
Capitalized terms used but not otherwise defined herein have the meanings given to them in (or by reference in) the Receivables
Sale Agreement or, if not defined therein (or by reference therein), in (or by reference in) the Indenture, dated as of October 30,
2013, between GE Equipment Transportation LLC, Series 2013-2 (the “Issuer”), and Citibank, N.A., as indenture
trustee.

 

SECTION 2. Assignment.

 

(a)          The
Assignor hereby assigns to the Assignee all of the Assignor’s rights, benefits, obligations and duties as a Seller under
the Receivables Sale Agreement, effective as of the Effective Time, and the Assignee hereby assumes all of the rights, benefits,
obligations and duties of the Assignor, as a Seller under the Receivables Sale Agreement, effective as of the Effective Time.

 

(b)          This
Assignment shall not constitute (i) a waiver by any of the parties hereto of any obligation or liability which the Assignor, may
have incurred in connection with the Receivables Sale Agreement or (ii) an assumption by the Assignee, of any liability of the
Assignor, arising out of a breach by the Assignor, of its duties under the Receivables Sale Agreement.

 

SECTION 3. Consent
of Purchaser. Pursuant to Section 6.3 of the Receivables Sale Agreement, the Purchaser hereby consents to the assignment
set forth in Section 2(a) above.

 

    
GEET 2013-2 Assignment of 
Receivables Sale Agreement

     

    

 

SECTION 4. Notices.
For the purposes of Section 6.1 of the Receivables Sale Agreement, all notices, whether faxed or mailed, will be deemed
received as provided in Section 6.1 of the Receivables Sale Agreement when sent pursuant to the following instructions:

 

If to the Assignor:

 

General Electric Capital
LLC

901 Main Avenue

Norwalk, Connecticut
06851

Attention: Legal Department

michael.paolillo@ge.com

 

With a copy to:

 

General Electric Capital
LLC

201 Merritt 7

Norwalk, Connecticut
06851

Attention: Capital Markets
- Securitization

charles.rhodes@ge.com

michael.paolillo@ge.com

 

If to the Assignee:

 

GE Capital US Holdings, Inc.

901 Main Avenue

Norwalk, Connecticut 06851

Attention: Michael Paolillo

michael.paolillo@ge.com

SECTION 5. Miscellaneous.

 

(a)          This
Assignment is entered into and the assignment effected hereby shall be effective as of 1:00 a.m. (New York time) on December 2,
2015 (the “Effective Time”); provided, that each of the parties hereto shall have executed a counterpart
to this Assignment.

 

(b)          THIS
ASSIGNMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY
AND PERFORMANCE, BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK
(INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW BUT WITHOUT REGARD TO ANY OTHER CONFLICT OF LAW PROVISIONS
THEREOF) AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.

 

    	 	2	GEET 2013-2 Assignment of 
Receivables Sale Agreement

     

    

 

(c)          EACH
PARTY HERETO HEREBY CONSENTS AND AGREES THAT THE STATE OR FEDERAL COURTS LOCATED IN THE BOROUGH OF MANHATTAN IN NEW YORK CITY
SHALL HAVE EXCLUSIVE JURISDICTION TO HEAR AND DETERMINE ANY CLAIMS OR DISPUTES BETWEEN THEM PERTAINING TO THIS ASSIGNMENT OR TO
ANY MATTER ARISING OUT OF OR RELATING TO THIS ASSIGNMENT; PROVIDED, THAT EACH PARTY HERETO ACKNOWLEDGES THAT ANY APPEALS
FROM THOSE COURTS MAY HAVE TO BE HEARD BY A COURT LOCATED OUTSIDE OF THE BOROUGH OF MANHATTAN IN NEW YORK CITY. EACH PARTY
HERETO SUBMITS AND CONSENTS IN ADVANCE TO SUCH JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT, AND EACH PARTY HERETO
HEREBY WAIVES ANY OBJECTION THAT SUCH PARTY MAY HAVE BASED UPON LACK OF PERSONAL JURISDICTION, IMPROPER VENUE OR FORUM NON CONVENIENS
AND HEREBY CONSENTS TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY SUCH COURT. EACH PARTY HERETO
HEREBY WAIVES PERSONAL SERVICE OF THE SUMMONS, COMPLAINT AND OTHER PROCESS ISSUED IN ANY SUCH ACTION OR SUIT AND AGREES THAT SERVICE
OF SUCH SUMMONS, COMPLAINT AND OTHER PROCESS MAY BE MADE BY REGISTERED OR CERTIFIED MAIL ADDRESSED TO SUCH PARTY AT ITS ADDRESS
DETERMINED IN ACCORDANCE WITH SECTION 6.1 OF THE RECEIVABLES SALE AGREEMENT AND THAT SERVICE SO MADE SHALL BE DEEMED
COMPLETED UPON THE EARLIER OF SUCH PARTY’S ACTUAL RECEIPT THEREOF OR THREE DAYS AFTER DEPOSIT IN THE UNITED STATES MAIL,
PROPER POSTAGE PREPAID. NOTHING IN THIS SECTION SHALL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE LEGAL PROCESS IN ANY OTHER
MANNER PERMITTED BY LAW.

 

(d)          BECAUSE
DISPUTES ARISING IN CONNECTION WITH COMPLEX FINANCIAL TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN EXPERIENCED
AND EXPERT PERSON AND THE PARTIES WISH APPLICABLE STATE AND FEDERAL LAWS TO APPLY (RATHER THAN ARBITRATION RULES), THE PARTIES
DESIRE THAT THEIR DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION OF
THE BENEFITS OF THE JUDICIAL SYSTEM AND OF ARBITRATION, THE PARTIES HERETO WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT,
OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, ARISING OUT OF, CONNECTED WITH,
RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH THIS ASSIGNMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY.

 

(e)          Headings
used herein are for convenience of reference only and shall not affect the meaning of this Assignment or any provision hereof.

 

(f)          This
Assignment may be executed in any number of counterparts, and by the parties hereto on separate counterparts, each of which when
executed and delivered shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.

 

    	 	3	GEET 2013-2 Assignment of 
Receivables Sale Agreement

     

    

 

(g)          Executed
counterparts of this Assignment may be delivered electronically.

 

[SIGNATURES
FOLLOW] 

 

    	 	4	GEET 2013-2 Assignment of 
Receivables Sale Agreement

     

    

 

IN WITNESS WHEREOF, the
parties hereto have caused this Assignment to be duly executed as of the date and year first above written.

 

	 	GENERAL ELECTRIC CAPITAL LLC,
	 	as the Assignor
	 	 	 	 
	 	 	By: 	/s/ Thomas A. Davidson
	 	 	Name: 	Thomas A. Davidson
	 	 	Title: 	Authorized Signatory

 

    	 	S-1	GEET 2013-2 Assignment of 
Receivables Sale Agreement

     

    

 

	 	GE Capital US Holdings, Inc.,
	 	as the Assignee
	 	 	 	 
	 	 	By: 	/s/ Thomas A. Davidson
	 	 	Name: 	Thomas A. Davidson
	 	 	Title: 	Authorized Signatory

 

    	 	S-2	GEET 2013-2 Assignment of 
Receivables Sale Agreement

     

    

 

Solely for the purposes of the consent set forth in Section 3
of this Assignment:

 

	 	Consented to:
	 	 	 
	 	CEF EQUIPMENT HOLDING, L.L.C.
	 	 	 	 
	 	 	By: 	/s/ Thomas A. Davidson
	 	 	Name: 	Thomas A. Davidson
	 	 	Title: 	President and Chief Executive Officer

  

    	 	S-3	GEET 2013-2 Assignment of 
Receivables Sale Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00252-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00252-of-00352.parquet"}]]