Document:

exv4wd

EXECUTION COPY

LOAN PURCHASE AND SALE AGREEMENT

Dated as of September 11, 2009

between

CEF EQUIPMENT HOLDING, L.L.C.,

as Seller

and

GE EQUIPMENT

MIDTICKET LLC, SERIES 2009-1,

as Purchaser

Loan Purchase and Sale Agreement

 

 

     This LOAN PURCHASE AND SALE AGREEMENT (“Agreement” or “Purchase and Sale
Agreement”) is entered into as of September 11, 2009, by and between CEF EQUIPMENT HOLDING,
L.L.C. (the “Seller”), a Delaware limited liability company and GE EQUIPMENT MIDTICKET LLC,
SERIES 2009-1, a Delaware limited liability company (the “Purchaser”).

     In consideration of the premises and the mutual covenants hereinafter contained, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

ARTICLE I

DEFINITIONS AND INTERPRETATION

     Section 1.1 Definitions. Capitalized terms used herein and not otherwise defined
shall have the meanings ascribed to them in Section 1 of Annex A to this Agreement.

     Section 1.2 Rules of Construction. For purposes of this Agreement, the rules of
construction set forth in Section 2 of Annex A shall govern. All Annexes, Exhibits
and Schedules hereto, are incorporated herein by reference and, taken together with this Agreement,
shall constitute but a single agreement.

ARTICLE II

SALES OF PURCHASER ASSETS

     Section 2.1 Sale of Loans. (a) Subject to the terms and conditions hereof, the Seller
does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without
recourse (subject to the obligations herein) all right, title and interest of the Seller in:

	 	(i)	 	the Loans, including the Loan Files, and all obligations of the
Obligors thereunder, including the right to payment of any interest accrued and
to accrue from and after August 31, 2009 or finance charges and other
obligations of such Obligor with respect thereto due or to become due on or
after the Cutoff Date;
	 
	 	(ii)	 	all Related Security and Collections with respect thereto;
	 
	 	(iii)	 	the Loan Sale Agreement;
	 
	 	(iv)	 	all other property now or hereafter in the possession or
custody of, or in transit to, the Servicer, any Sub-Servicer or the Seller
relating to any of the foregoing;
	 
	 	(v)	 	all Records with respect to any of the foregoing; and
	 
	 	(vi)	 	all proceeds of the foregoing (collectively the “Purchaser
Assets”).

Loan Purchase and Sale Agreement

 

 

     (b) On or before the Closing Date, the Seller shall (i) indicate in its computer files
that the Purchaser Assets have been sold to the Purchaser pursuant to this Agreement by so
identifying the Purchaser Assets with an appropriate notation and (ii) deliver to the
Purchaser or its designee the following documents (collectively, the “Loan Files”):

	 	(i)	 	the original fully executed copy of the Loan;
	 
	 	(ii)	 	a record or facsimile of the original credit application fully
executed by the Obligor;
	 
	 	(iii)	 	the original certificate of title or file stamped copy of the
UCC financing statement or such other documents evidencing the security
interest of the Purchaser in the Equipment; and
	 
	 	(iv)	 	any and all other documents relating to a Loan, an Obligor or
any of the Equipment.

     Section 2.2 Grant of Security Interest; Subordination. (a) The parties hereto intend
that the transfer, sale and assignment pursuant to Section 2.1 hereof shall constitute a
purchase and sale and not a loan. Notwithstanding anything to the contrary set forth in this
Section 2.2, if a court of competent jurisdiction determines that the sale provided for
herein constitutes the grant of security for a loan (the “Deemed Loan”) and not a purchase
and sale or contribution, then:

	 	(i)	 	The parties hereto intend that this Agreement shall constitute
a security agreement under applicable law and that the Seller shall be deemed
to have granted, and the Seller hereby grants, to the Purchaser a first
priority lien and security interest in and to all of the Seller’s right, title
and interest in, to and under the Purchaser Assets, all other Related Documents
to which the Seller is a party and all proceeds thereof (collectively, the
“Deemed Collateral”). The possession by the Purchaser of notes and
such other goods, money, documents, chattel paper or certificated securities
shall be deemed to be “possession by the secured party” for purposes of
perfecting the security interest pursuant to the UCC in force in the relevant
jurisdiction (including, without limitation, Section 9-313(c)(1) thereof).
Notifications to Persons holding such property, and acknowledgments, receipts
or confirmations from Persons holding such property, shall be deemed
notifications to, or acknowledgments, receipts or confirmations from, bailees
or agents (as applicable) of the Purchaser for the purpose of perfecting such
security interest under applicable law (except that nothing in this sentence
shall cause any Person to be deemed to be an agent of the Purchaser for any
purpose other than for perfection of such security interest unless, and then
only to the extent, expressly appointed and authorized by the Purchaser in
writing).
	 
	 	(ii)	 	The Purchaser acknowledges and agrees that the Deemed Loan is a
non-recourse obligation of the Seller secured solely by the Deemed Collateral
and does not represent an interest in any assets (other than the Deemed

					
	 	 	 	 	 
	 
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	 	 	 	Collateral) of the Seller (including by virtue of any deficiency claim in
respect of obligations not paid or otherwise satisfied from the Deemed
Collateral and proceeds thereof). In furtherance of and not in derogation
of the foregoing, the Purchaser acknowledges and agrees that: 

     (A) The Purchaser shall not have any right, title or interest in or to
any assets (or interests therein) (other than the Deemed Collateral)
conveyed or purported to be conveyed by the Seller to any other Person or
Persons (whether by way of a sale, capital contribution or by virtue of the
granting of a lien) (“Other Assets”); and

     (B) the Deemed Loan constitutes a claim (as defined in 101 of the
Bankruptcy Code) which may be satisfied solely from the Deemed Collateral
and its proceeds (whether through ordinary liquidation or the exercise of
UCC remedies and other remedies provided herein) and does not constitute a
claim against the Seller to the extent that the Deemed Collateral and such
proceeds are insufficient to repay the Deemed Loan (including interest
thereon, whether accrued before or after the filing of a bankruptcy
petition) in full.

	 	(iii)	 	To the extent that, notwithstanding the agreements and
provisions contained in clause (ii) above, the Purchaser either (A)
asserts an interest or claim to, or benefit from, Other Assets, or (B) is
deemed to have any such interest, claim or benefit in or from Other Assets,
whether by operation of law, legal process, pursuant to applicable provisions
of insolvency laws or otherwise (including by virtue of Section 1111(b) of the
Bankruptcy Code or any successor provision having similar effect under the
Bankruptcy Code), then the Purchaser further acknowledges and agrees that any
such interest, claim or benefit in or from Other Assets is and shall be
expressly subordinated to the indefeasible payment in full of all obligations
and liabilities of the Seller other than the Deemed Loan, including, the
payment of post-petition interest on such other obligations and liabilities.
This subordination agreement shall be deemed a subordination agreement within
the meaning of Section 510(a) of the Bankruptcy Code. The Purchaser further
acknowledges and agrees that no adequate remedy at law exists for a breach of
this Section 2.2 and the terms of this Section 2.2 may be
enforced by an action for specific performance.

     (b) The Purchaser shall not file or join in a filing of a petition with respect to any
bankruptcy reorganization, arrangement, insolvency or liquidation proceedings, or similar
proceedings under any United States Federal or State bankruptcy or similar law relating to
the Seller, or cooperate or encourage others to file such a petition. 

     (c) The Seller hereby authorizes the Purchaser to file financing statements in respect
of the Seller covering the Purchaser Assets and the proceeds thereof.

					
	 	 	 	 	 
	 
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     Section 2.3 Sale Price. On the Closing Date, the Purchaser shall, upon satisfaction
of the applicable conditions set forth in Article III, issue and exchange the Notes (the
“Purchaser Purchase Price”) as consideration for the Purchaser Assets sold and transferred
by the Seller to the Purchaser pursuant to Section 2.1 hereof.

     Section 2.4 Removal of Loans. (a) In the event a Loan becomes a Delinquent Loan or
the Obligor thereon is subject to a bankruptcy proceeding, the Seller shall be granted an
assignable option (a “Purchase Option”) to purchase such Delinquent Loan from the Purchaser
at a price (the “Option Price”) equal to the Purchase Amount. The Seller may sell,
transfer, assign or otherwise convey its Purchase Option with respect to any such Loan to any party
at any time after the related Loan becomes a Delinquent Loan or the Obligor thereon is subject to a
bankruptcy proceeding. The Seller shall notify the Purchaser of such transfer and such notice
shall include the transferee’s name, address, telephone number, facsimile number and appropriate
contact person(s) and shall be acknowledged in writing by the transferee. If not exercised
earlier, the Purchase Option with respect to any such Loan shall automatically terminate upon (i)
in the case of a Delinquent Loan, the related Obligor’s cure of all defaults on the Loan, (ii) the
acquisition by, or on behalf of, the Issuer of the related Equipment through repossession, (iii)
upon a repurchase of a Loan due to the Seller’s breach of a representation with respect to such
Loan or (iv) on the Business Day immediately preceding the last day of the calendar quarter ending
at least ten (10) days after such Loan became a Defaulted Loan. The aggregate Outstanding
Principal Balance of Loans with respect to which the Seller may exercise its Purchase Option at any
time before the Redemption Date shall not exceed 10% of the aggregate Outstanding Principal Balance
of the Loans as of the Cutoff Date.

     (b) Upon a Loan becoming a Delinquent Loan or the Obligor thereon becoming subject to a
bankruptcy proceeding, the Seller may exercise the Purchase Option by providing the
Purchaser at least five days prior written notice thereof (the “Purchase Option
Notice”), which notice shall specify a cash exercise price at least equal to the Option
Price. The Purchase Option Notice shall be delivered in the manner specified in Section
2.4(a). The exercise of any Purchase Option pursuant to this clause (b) shall
be irrevocable.

     (c) Upon exercise of a Purchase Option, the Seller shall be required to pay the Option
Price specified in its Purchase Option Notice to the Purchaser within 10 Business Days of
exercising its Purchase Option. The proceeds of any sale of such Loan, after deduction of
the expenses of such sale incurred in connection therewith, shall be deposited by the Seller
no later than the day before the next Payment Date.

ARTICLE III

CONDITIONS PRECEDENT

     Section 3.1 Conditions to Sale. The sale hereunder shall be subject to satisfaction
of each of the following conditions precedent (any one or more of which, except clause (e)
below, may be waived in writing by the Purchaser) as of the Closing Date:

					
	 	 	 	 	 
	 
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     (a) This Agreement or counterparts hereof shall have been duly executed by, and
delivered to, the Seller and the Purchaser, and the Purchaser shall have received such
documents, instruments, agreements and legal opinions as the Purchaser shall reasonably
request in connection with the transactions contemplated by this Agreement, each in form and
substance reasonably satisfactory to the Purchaser.

     (b) The Purchaser shall have received satisfactory evidence that the Seller has
obtained all required consents and approvals of all Persons, including all requisite
Governmental Authorities, to the execution, delivery and performance of this Agreement and
the consummation of the transactions contemplated hereby.

     (c) The Seller shall be in compliance in all material respects with all applicable
foreign, federal, state and local laws and regulations, including those specifically
referenced in Section 4.2(c), except to the extent that the failure to so comply,
individually or in the aggregate, could not reasonably be expected to have a Material
Adverse Effect.

     (d) The representations and warranties of the Seller contained herein or in any other
Related Document shall be true and correct in all material respects (or, to the extent any
such representation or warranty is qualified by a materiality standard, such representation
or warranty shall be true and correct) as of the Closing Date, both before and after giving
effect to such sale, except to the extent that any such representation or warranty expressly
relates to an earlier date and except for changes therein expressly permitted by this
Agreement.

     (e) The Seller shall be in compliance with each of its covenants and other agreements
set forth herein.

     (f) The Seller shall have taken such other action, including delivery of approvals,
consents, opinions, documents and instruments to the Purchaser as the Purchaser may
reasonably request.

The consummation by the Seller of the sale of Purchaser Assets on the Closing Date shall be deemed
to constitute, as of the Closing Date, a representation and warranty by the Seller that the
conditions in clauses (d), (e) and (f) of this Section 3.1 have
been satisfied.

ARTICLE IV

REPRESENTATIONS, WARRANTIES AND COVENANTS

     Section 4.1 Representations and Warranties of the Seller. To induce the Purchaser to
purchase the Purchaser Assets, the Seller makes the following representations and warranties to the
Purchaser, as of the Closing Date, each and all of which shall survive the execution and delivery
of this Agreement.

     (a) Valid Existence; Power and Authority. The Seller (i) is a limited
liability company duly organized, validly existing and in good standing under the laws of
its jurisdiction of organization; and (ii) has all requisite power, authority and licenses
to

					
	 	 	 	 	 
	 
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conduct its business, to own its properties and to execute, deliver and perform its
obligations under this Agreement.

     (b) UCC Information. The true legal name of the Seller as registered in the
jurisdiction of its organization, and the current location of the Seller’s jurisdiction of
organization are set forth in Schedule 4.1(b) and such location has not changed
within the past 12 months. During the prior five years, except as set forth in Schedule
4.1(b), the Seller has not been known as or used any limited liability company,
fictitious or trade name. In addition, Schedule 4.1(b) lists the Seller’s (i)
federal employer identification number and (ii) organizational identification number as
designated by the jurisdiction of its organization.

     (c) Power, Authorization, Enforceable Obligations. The execution, delivery and
performance by the Seller of this Agreement and the other Related Documents and the creation
and perfection of all Liens and ownership interests provided for herein: (i) have been duly
authorized by all necessary action, and (ii) do not violate any provision of any law or
regulation of any Governmental Authority, or contractual or other restrictions, binding on
the Seller, except where such violations, individually or in the aggregate, could not
reasonably be expected to have a Material Adverse Effect.

     (d) Enforceability. On or prior to the Closing Date, each of the Related
Documents to which the Seller is a party shall have been duly executed and delivered by the
Seller and each such Related Document shall then constitute a legal, valid and binding
obligation of the Seller enforceable against it in accordance with its terms, subject as to
enforcement to bankruptcy, receivership, conservatorship, insolvency, reorganization,
moratorium and other similar laws of general applicability relating to or affecting
creditors’ rights and to general principles of equity.

     (e) Solvency. The Seller is Solvent.

     (f) Use of Proceeds. No proceeds received by the Seller under this Agreement
will be used by it for any purpose that violates Regulation U of the Federal Reserve Board.

     (g) Investment Company Act. The Seller is not an “investment company” or
“controlled by” an “investment company,” as such terms are defined in the Investment Company
Act.

     (h) Loans and Other Purchaser Assets. With respect to each Loan and the other
Purchaser Assets sold by the Seller on the Closing Date, the Seller represents and warrants
that (i) such Loan satisfies the criteria for an Eligible Loan as of the Cut-Off Date; and
(ii) immediately prior to its sale to the Purchaser, such Purchaser Assets were owned by the
Seller free and clear of any Adverse Claim, and the Seller has had at all relevant times the
full right, power and authority to sell, contribute, assign, transfer and pledge its
interest therein as contemplated under this Agreement and, upon such sale, the Purchaser
will acquire valid and properly perfected title to, and the sole record and beneficial
ownership interest in, such Purchaser Assets, free and clear of any Adverse

					
	 	 	 	 	 
	 
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Claim or restrictions on transferability, and the Liens granted to the Purchaser by the
Seller pursuant to Section 2.2 will at all times be fully perfected first priority
Liens in and to such Loans and, in addition, following such sale, such Loan will not be
subject to any Adverse Claim as a result of any action or inaction on the part of the Seller
(or any predecessor in interest).

The representations and warranties described in this Section 4.1 shall survive the sale of
the Purchaser Assets to the Purchaser, any subsequent assignment or sale of the Purchaser Assets by
the Purchaser, and the termination of this Agreement and the other Related Documents and shall
continue until the payment in full of all Purchaser Assets.

     Section 4.2 Affirmative Covenants of the Seller. The Seller covenants and agrees
that, unless otherwise consented to by the Purchaser, from and after the Closing Date:

     (a) Records. The Seller shall at its own cost and expense, for not less than
three (3) years from the date on which each Loan was originated, or for such longer period
as may be required by law, maintain adequate Records with respect to such Loan, including
records of all payments received, credits granted and merchandise returned with respect
thereto.

     (b) Access. At any reasonable time, and from time to time at the Purchaser’s
reasonable request, and upon at least seven (7) days prior notice to the Seller, the Seller
shall permit the Purchaser (or such Person as the Purchaser may designate), at the expense
of the Purchaser (or such Person as the Purchaser may designate), to conduct audits or visit
and inspect any of the properties of the Seller to examine the records, internal controls
and procedures maintained by the Seller with respect to the Purchaser Assets and take copies
and extracts therefrom, and to discuss the Seller’s affairs with its officers, employees
and, upon notice to the Seller, independent accountants. The Seller shall authorize such
officers, employees and independent accountants to discuss with the Purchaser (or such
Person as the Purchaser may designate) the affairs of the Seller as such affairs relate to
the Purchaser Assets. Any audit provided for herein shall be conducted in accordance with
the Seller’s rules respecting safety and security on its premises and without materially
disrupting operations. If an Event of Default shall have occurred and be continuing, the
Seller shall provide such access at all times and without advance notice and shall provide
the Purchaser (or such Person as the Purchaser may designate) with access to its suppliers
and customers.

     (c) Compliance With Agreements and Applicable Laws. The Seller shall comply
with all federal, state and local laws and regulations applicable to it and the Purchaser
Assets, including those relating to truth in lending, fair credit billing, fair credit
reporting, equal credit opportunity, fair debt collection practices, privacy, licensing and
taxation, except to the extent that the failure to so comply, individually or in the
aggregate, could not reasonably be expected to have a Material Adverse Effect.

     (d) Maintenance of Existence and Conduct of Business. The Seller shall
preserve and maintain its legal existence, rights, franchise and privileges in the
jurisdiction of its formation.

					
	 	 	 	 	 
	 
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     (e) Notice of Material Event. The Seller shall promptly inform the Purchaser
in writing of the occurrence of any of the following, in each case setting forth the details
thereof and what action, if any, the Seller proposes to take with respect thereto:

	 	(i)	 	any Litigation commenced or, to the knowledge of the Seller,
threatened against the Seller or with respect to or in connection with all or
any substantial portion of the Purchaser Assets or developments in such
Litigation in each case that the Seller believes has a reasonable risk of being
determined adversely to the Seller and that could, if determined adversely,
have a Material Adverse Effect; or
	 
	 	(ii)	 	the commencement of a case or proceeding by or against the
Seller seeking a decree or order in respect of the Seller (A) under the
Bankruptcy Code or any other applicable federal, state or foreign bankruptcy or
other similar law, (B) appointing a custodian, receiver, liquidator, assignee,
trustee or sequestrator (or similar official) for the Seller or for any
substantial part of Seller’s assets, or (C) ordering the winding-up or
liquidation of the affairs of the Seller.

     (f) Separate Identity. The Seller shall, to the extent applicable to it, act
in a manner that is consistent with the statements set forth in Exhibit 4.2(f).

     (g) Deposit of Collections. The Seller shall transfer and cause its
Subsidiaries to transfer to the Purchaser or the Servicer on its behalf, promptly, and in
any event no later than the second Business Day after receipt thereof, all Collections it
may receive in respect of Purchaser Assets.

     (h) Sale Characterization. For accounting purposes, the Seller shall treat the
sale made hereunder as a sale of the Purchaser Assets. The Seller shall also maintain its
accounting books and records in a manner which clearly reflects such sale of the Purchaser
Assets to the Purchaser.

     Section 4.3 Negative Covenants of the Seller. The Seller covenants and agrees that,
without the prior written consent of the Purchaser, from and after the Closing Date and until the
later of the Redemption Date or the Class C Maturity Date:

     (a) Adverse Claims. The Seller shall not create, incur, assume or permit to
exist any Adverse Claim on or with respect to any Purchaser Assets.

     (b) Modifications of Loans. The Seller shall not extend, amend, forgive,
discharge, compromise, cancel, waive or otherwise modify the terms or conditions of any Loan
except (i) as permitted under the Servicing Agreement and, (ii) to the extent that such
extension, amendment, forgiveness, discharge, compromise, cancellation, waiver or
modification, does not affect the Purchaser’s ownership interest in such Loan and does not
negatively impact the ultimate collectibility of such Loan.

     (c) UCC Matters. The Seller shall not change its state of formation or its
name, identity or limited liability company structure such that any financing statement

					
	 	 	 	 	 
	 
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filed to perfect the Purchaser’s interests under this Agreement would become seriously
misleading, unless the Seller shall have given the Purchaser not less than 30 days’ prior
written notice of such change.

     (d) No Proceedings. From the Closing Date and until the date one year plus one
day following the date on which all amounts due with respect to the Notes have been paid in
full in cash, Seller shall not, directly or indirectly, institute or cause to be instituted
against the Purchaser any bankruptcy, reorganization, arrangement, insolvency or liquidation
proceeding or other proceeding under any federal or state bankruptcy or similar law;
provided that the foregoing shall not in any way limit the Seller’s right to pursue
any other creditor rights or remedies that the Seller may have under applicable law.

     (e) Consolidations, Mergers and Sales of Assets. The Seller shall not (i)
consolidate or merge with or into any other Person unless the Seller is the entity surviving
such merger or (ii) sell, lease or otherwise transfer all or substantially all of its assets
to any other Person.

     Section 4.4 Perfection Representations and Warranties. The parties hereto agree that
the representations, warranties and covenants set forth in Schedule 4.4 shall be a part of this
Agreement for all purposes.

ARTICLE V

INDEMNIFICATION

     Section 5.1 Indemnification. Without limiting any other rights that the Purchaser or
any of its Stockholders, officers, directors, employees, attorneys, agents or representatives
(each, a “Purchaser Indemnified Person”) may have hereunder or under applicable law, the
Seller hereby agrees to indemnify and hold harmless each Purchaser Indemnified Person from and
against any and all Indemnified Amounts that may be claimed or asserted against or incurred by any
such Purchaser Indemnified Person to the extent arising from or related to the failure of a Loan to
be originated in compliance with all requirements of law; provided, that the Seller shall
not be liable for any indemnification to a Purchaser Indemnified Person to the extent that any such
Indemnified Amounts result from (a) such Purchaser Indemnified Person’s bad faith, gross negligence
or willful misconduct, (b) recourse for uncollectible Loans, or (c) any income tax or franchise tax
incurred by any Purchaser Indemnified Person, except to the extent that the incurrence of any such
tax results from a breach of or default by the Seller under this Agreement.

NO PARTY TO THIS AGREEMENT SHALL BE RESPONSIBLE OR LIABLE TO ANY OTHER PARTY TO THIS AGREEMENT, ANY
SUCCESSOR, ASSIGNEE OR THIRD PARTY BENEFICIARY OF SUCH PERSON OR ANY OTHER PERSON ASSERTING CLAIMS
DERIVATIVELY THROUGH SUCH PARTY, FOR INDIRECT, PUNITIVE, EXEMPLARY OR CONSEQUENTIAL DAMAGES THAT
MAY BE ALLEGED AS A RESULT OF ANY TRANSACTION CONTEMPLATED HEREUNDER.

					
	 	 	 	 	 
	 
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ARTICLE VI

CLEAN-UP CALL

     Section 6.1 Clean-up Call. As of the first day of any Collection Period immediately
preceding a Payment Date as of which the Pool Balance is 10% or less of the Pool Balance as of the
Cut-off Date, the Seller shall have the option to purchase all of the Collateral, other than the
Trust Accounts. To exercise such option, the Seller shall pay to the Servicer, on behalf of the
Issuer, and the Servicer shall deposit in the Collection Account an amount equal to the aggregate
Purchase Amount for the Loans plus the appraised value of any such other property held by
the Purchaser, such value to be determined by an appraiser mutually agreed upon by the Seller and
the Purchaser, shall succeed to all interests in, to and under the Collateral, other than the Trust
Accounts.

ARTICLE VII

MISCELLANEOUS

     Section 7.1 Notices. Except as otherwise provided herein, whenever it is provided
herein that any notice, demand, request, consent, approval, declaration or other communication
shall or may be given to or served upon any of the parties by any other parties, or whenever any of
the parties desires to give or serve upon any other parties any communication with respect to this
Agreement, each such notice, demand, request, consent, approval, declaration or other communication
shall be in writing and shall be deemed to have been validly served, given or delivered (a) upon
the earlier of actual receipt and three Business Days after deposit in the United States mail,
registered or certified mail, return receipt requested, with proper postage prepaid, (b) upon
transmission, when sent by telecopy or other similar facsimile transmission (with such telecopy or
facsimile promptly confirmed by delivery of a copy by personal delivery or United States mail as
otherwise provided in this Section 7.1), (c) one (1) Business Day after deposit with a
reputable overnight courier with all charges prepaid or (d) when delivered, if hand-delivered by
messenger, all of which shall be addressed to the party to be notified and sent to the address or
facsimile number set forth below or to such other address (or facsimile number) as may be
substituted by notice given as herein provided. The giving of any notice required hereunder may be
waived in writing by the party entitled to receive such notice. Failure or delay in delivering
copies of any notice, demand, request, consent, approval, declaration or other communication to any
Person (other than Purchaser) designated in any written communication provided hereunder to receive
copies shall in no way adversely affect the effectiveness of such notice, demand, request, consent,
approval, declaration or other communication. Notwithstanding the foregoing, whenever it is
provided herein that a notice is to be given to any other party hereto by a specific time, such
notice shall be effective only if actually received by such party prior to such time, and if such
notice is received after such time or on a day other than a Business Day, such notice shall be
effective only on the immediately succeeding Business Day.

					
	 	 	 	 	 
	 
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If to Seller:

CEF Equipment Holding, L.L.C.

10 Riverview Drive

Danbury, Connecticut 06810

Attention: Capital Markets Operations

Telephone: (203) 749-2101

Facsimile: (203) 749-4054

If to Purchaser:

GE Equipment Midticket LLC, Series 2009-1

10 Riverview Drive

Danbury, Connecticut 06810

Attention: Capital Markets Operations

Telephone: (203) 749-2101

Facsimile: (203) 749-4054

     Section 7.2 No Waiver; Remedies. (a) Either party’s failure, at any time or times, to
require strict performance by the other party hereto of any provision of this Agreement shall not
waive, affect or diminish any right of such party thereafter to demand strict compliance and
performance herewith. Any suspension or waiver of any breach or default hereunder shall not
suspend, waive or affect any other breach or default whether the same is prior or subsequent
thereto and whether of the same or a different type. None of the undertakings, agreements,
warranties, covenants and representations of either party contained in this Agreement, and no
breach or default by either party hereunder, shall be deemed to have been suspended or waived by
the other party hereto unless such waiver or suspension is by an instrument in writing signed by an
officer of or other duly authorized signatory of such party and directed to the defaulting party
specifying such suspension or waiver.

     (b) Upon discovery by the Seller or the Purchaser of any breach of any representation,
warranty, undertaking or covenant described in Sections 4.1, 4.2 or
4.3, which breach is reasonably likely to have a Material Adverse Effect, the party
discovering the same shall give prompt written notice thereof to the other party hereto. As
liquidated damages, the Purchaser shall, on the Transfer Date relating to the Collection
Period during which the breach is discovered, request the Seller to, and the Seller shall
pay to, or at the direction of, the Purchaser the Purchase Amount for the applicable
Purchaser Assets (measured at the end of the Collection Period during which such breach is
discovered). Upon such payment, all rights, title and interest of the Purchaser in and to
such Purchaser Assets will be deemed to be automatically released without the necessity of
any further action by the Purchaser, the Seller or any other party and such Purchaser Assets
will become the property of the Seller.

     (c) Each party’s rights and remedies under this Agreement shall be cumulative and
nonexclusive of any other rights and remedies that such party may have under any other
agreement, including the other Related Documents, by operation of law or otherwise.

					
	 	 	 	 	 
	 
	 	11
	 	Loan Purchase and Sale Agreement

 

 

     Section 7.3 Successors and Assigns. This Agreement shall be binding upon and shall
inure to the benefit of the Seller and the Purchaser and their respective successors and permitted
assigns, except as otherwise provided herein. The Seller may not assign, transfer, hypothecate or
otherwise convey its rights, benefits, obligations or duties hereunder without the prior express
written consent of the Purchaser. Any such purported assignment, transfer, hypothecation or other
conveyance by the Seller without the prior express written consent of the Purchaser shall be void.
The Seller acknowledges that under the Indenture the Purchaser will assign its rights granted
hereunder to the Indenture Trustee, and upon such assignment, Indenture Trustee shall have, to the
extent of such assignment, all rights of the Purchaser hereunder and Indenture Trustee may in turn
transfer such rights. The terms and provisions of this Agreement are for the purpose of defining
the relative rights and obligations of the Seller and the Purchaser with respect to the
transactions contemplated hereby and no Person shall be a third-party beneficiary of any of the
terms and provisions of this Agreement.

     Section 7.4 Termination; Survival of Obligations. (a) This Agreement shall create and
constitute the continuing obligations of the parties hereto in accordance with its terms, and shall
remain in full force and effect until the earlier of (i) the Class C Maturity Date or (ii) the
Redemption Date.

     (b) Except as otherwise expressly provided herein or in any other Related Document, no
termination or cancellation (regardless of cause or procedure) of any commitment made by the
Purchaser under this Agreement shall in any way affect or impair the obligations, duties and
liabilities of the Seller or the rights of the Purchaser relating to any unpaid portion of
any and all recourse and indemnity obligations of the Seller to the Purchaser, due or not
due, liquidated, contingent or unliquidated or any transaction or event occurring prior to
such termination, or any transaction or event, the performance of which is required after
the Class C Maturity Date. Except as otherwise expressly provided herein or in any other
Related Document, all undertakings, agreements, covenants, warranties and representations of
or binding upon the Seller, and all rights of the Purchaser hereunder shall not terminate or
expire, but rather shall survive any such termination or cancellation and shall continue in
full force and effect until the earlier of (i) the Class C Maturity Date or (ii) the
Redemption Date; provided, that the rights and remedies pursuant to Section
7.2(b), the indemnification and payment provisions of Article V, and the
provisions of Sections 4.3(d), 7.3 and 7.12 shall be continuing and
shall survive any termination of this Agreement.

     Section 7.5 Complete Agreement; Modification of Agreement. This Agreement constitutes
the complete agreement between the parties with respect to the subject matter hereof, supersedes
all prior agreements and understandings relating to the subject matter hereof and thereof, and may
not be modified, altered or amended except as set forth in Section 7.6.

     Section 7.6 Amendments and Waivers. No amendment, modification, termination or waiver
of any provision of this Agreement, or any consent to any departure therefrom by any party hereto,
shall in any event be effective unless the same shall be in writing and signed by each of the
parties hereto. No consent or demand in any case shall, in itself, entitle any party to any other
consent or further notice or demand in similar or other circumstances.

					
	 	 	 	 	 
	 
	 	12
	 	Loan Purchase and Sale Agreement

 

 

     Section 7.7 GOVERNING LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL. (a) THIS
AGREEMENT 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 (WITHOUT REGARD TO THE CONFLICT OF LAW PROVISIONS
THEREOF EXCEPT SECTION 5-1401 OF THE GENERAL OBLIGATION LAW) AND ANY APPLICABLE LAWS OF THE UNITED
STATES OF AMERICA.

     (b) 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 AGREEMENT OR TO
ANY MATTER ARISING OUT OF OR RELATING TO THIS AGREEMENT; 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; PROVIDED
FURTHER, THAT NOTHING IN THIS AGREEMENT SHALL BE DEEMED OR OPERATE TO PRECLUDE THE
PURCHASER FROM BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN ANY OTHER JURISDICTION TO
REALIZE ON THE LOANS OR ANY SECURITY FOR THE OBLIGATIONS OF THE SELLER ARISING HEREUNDER OR
TO ENFORCE A JUDGMENT OR OTHER COURT ORDER IN FAVOR OF THE PURCHASER. 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 7.1 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.

					
	 	 	 	 	 
	 
	 	13
	 	Loan Purchase and Sale Agreement

 

 

     (c) 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 AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

     Section 7.8 Counterparts. This Agreement may be executed in any number of separate
counterparts, each of which shall collectively and separately constitute one agreement.

     Section 7.9 Severability. Wherever possible, each provision of this Agreement shall
be interpreted in such a manner as to be effective and valid under applicable law, but if any
provision of this Agreement shall be prohibited by or invalid under applicable law, such provision
shall be ineffective only to the extent of such prohibition or invalidity without invalidating the
remainder of such provision or the remaining provisions of this Agreement.

     Section 7.10 Section Titles. The section titles and table of contents contained in
this Agreement are provided for ease of reference only and shall be without substantive meaning or
content of any kind whatsoever and are not a part of the agreement between the parties hereto.

     Section 7.11 No Setoff. The Seller’s obligations under this Agreement shall not be
affected by any right of setoff, counterclaim, recoupment, defense or other right the Seller might
have against the Purchaser, all of which rights are hereby expressly waived by the Seller.

     Section 7.12 Confidentiality. Notwithstanding anything herein to the contrary, there
is no restriction (express or implied) on any disclosure or dissemination of the structure or tax
aspects of the transaction contemplated by the Related Documents. Furthermore, each party hereto
acknowledges that it has no proprietary rights to any tax matter or tax idea contemplated hereby or
to any element of the transaction structure contemplated hereby.

     Section 7.13 Further Assurances. (a) The Seller shall, at its sole cost and expense,
upon request of the Purchaser, promptly and duly authorize, execute and/or deliver, as applicable,
any and all further instruments and documents and take such further actions that may be necessary
or desirable or that the Purchaser may request to carry out more effectively the provisions and
purposes of this Agreement or to obtain the full benefits of this Agreement and of the rights and
powers herein granted, including authorizing and filing any financing or continuation statements
under the UCC with respect to the ownership interests or Liens granted hereunder. The Seller
hereby authorizes the Purchaser to file any such financing or continuation

					
	 	 	 	 	 
	 
	 	14
	 	Loan Purchase and Sale Agreement

 

 

statements without the signature of the Seller to the extent permitted by applicable law. A
carbon, photographic or other reproduction of this Agreement or of any notice or financing
statement covering the Purchaser Assets or any part thereof shall be sufficient as a notice or
financing statement where permitted by law. If any amount payable under or in connection with any
of the Purchaser Assets is or shall become evidenced by any instrument, such instrument, other than
checks and notes received in the ordinary course of business, shall be duly endorsed in a manner
satisfactory to the Purchaser immediately upon the Seller’s receipt thereof and promptly delivered
to or at the direction of the Purchaser.

     (b) If the Seller fails to perform any agreement or obligation under this Section
7.13, the Purchaser may (but shall not be required to) itself perform, or cause performance of,
such agreement or obligation, and the reasonable expenses of the Purchaser incurred in connection
therewith shall be payable by the Seller upon demand of the Purchaser.

     Section 7.14 Accounting Changes. If any Accounting Changes occur and such changes
result in a change in the standards or terms used herein, then the parties hereto agree to enter
into negotiations in order to amend such provisions so as to equitably reflect such Accounting
Changes with the desired result that the criteria for evaluating the financial condition of such
Persons and their Subsidiaries shall be the same after such Accounting Changes as if such
Accounting Changes had not been made. If the parties hereto agree upon the required amendments to
this Agreement, then after appropriate amendments have been executed and the underlying Accounting
Change with respect thereto has been implemented, any reference to GAAP contained herein shall,
only to the extent of such Accounting Change, refer to GAAP consistently applied after giving
effect to the implementation of such Accounting Change. If such parties cannot agree upon the
required amendments within 30 days following the date of implementation of any Accounting Change,
then all financial statements delivered and all standards and terms used herein shall be prepared,
delivered and used without regard to the underlying Accounting Change.

[Signatures Follow]

					
	 	 	 	 	 
	 
	 	15
	 	Loan Purchase and Sale Agreement

 

 

     IN WITNESS WHEREOF, the parties have caused this LOAN PURCHASE AND SALE AGREEMENT to be
executed by their respective duly authorized representatives, as of the date first above written.

	 	 	 	 	 
	 	CEF EQUIPMENT HOLDING, L.L.C.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 	 	 
	 	GE EQUIPMENT MIDTICKET LLC,

SERIES 2009-1

 	 
	 	By:  	CEF Equipment Holding, L.L.C.,
 	 
	 	 	its Managing Member 	 

	 	 	 	 	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

					
	 	 	 	 	 
	 
	 	S-1
	 	Loan Purchase and Sale Agreement

 

 

Schedule 4.1(b)

UCC INFORMATION

CEF Equipment Holding, L.L.C.

	 	 	 
	True Legal Name:

	 	CEF Equipment Holding, L.L.C.
	 
	 	 
	Jurisdiction of Organization:

	 	Delaware
	 
	 	 
	Executive Offices/Principal Place of

	 	10 Riverview Drive
	Business:

	 	Danbury, Connecticut 06810
	 
	 	 
	Collateral Locations:

	 	Danbury, Connecticut
	 

	 	El Paso, Texas
	 

	 	Mexico
	 
	 	 
	Trade Names:

	 	N/A
	 
	 	 
	FEIN:

	 	20-0192070
	 
	 	 
	Organizational Identification Number:

	 	N/A

					
	 	 	 	 	 
	 
	 	Sch. 4.1(b)-1
	 	Loan Purchase and Sale Agreement

 

 

Schedule 4.4

PERFECTION REPRESENTATIONS, WARRANTIES AND COVENANTS

     In addition to the representations, warranties and covenants contained in the Purchase and
Sale Agreement, to induce the Purchaser to enter into the Purchase and Sale Agreement, the Seller
hereby represents, warrants, and covenants to Purchaser as follows, on the Closing Date:

General

     1. The Purchase and Sale Agreement creates a valid and continuing security interest (as
defined in the applicable UCC) in the Collateral in favor of the Purchaser, which security interest
is prior to all other Liens, and is enforceable as such as against creditors of and purchasers from
the Seller.

     2. The Loans constitute “accounts,” “general intangibles,” “instruments,” or “tangible chattel
paper,” within the meaning of the UCC as in effect in the State of New York.

     3. The Seller has taken all steps necessary to perfect its security interest in the property
securing the Loans that constitute chattel paper in favor of the Purchaser.

Creation

     4. The Seller owns and has good and marketable title to the Loans free and clear of any Lien,
claim or encumbrance of any Person, excepting only liens for taxes, assessments or similar
governmental charges or levies incurred in the ordinary course of business that are not yet due and
payable or as to which any applicable grace period shall not have expired, or that are being
contested in good faith by proper proceedings and for which adequate reserves have been
established, but only so long as foreclosure with respect to such a lien is not imminent and the
use and value of the property to which the Lien attaches is not impaired during the pendency of
such proceeding.

Perfection

     5. The Seller has caused or will have caused, within ten days after the effective date of the
Purchase and Sale Agreement, the filing of all appropriate financing statements in the proper
filing office in the appropriate jurisdictions under applicable law in order to perfect the sale of
the Loans from Purchaser to the Seller, and the security interest in the Loans granted to the
Purchaser hereunder and all financing statements referred to in this paragraph contain a statement
that: “A purchase of or security interest in any collateral described in this financing statement
will violate the rights of the Purchaser.”.

     6. With respect to Loans that constitute an instrument or tangible chattel paper, either:

     (a) Such instruments or tangible chattel paper are in the possession of a custodian and the
Purchaser has received a written acknowledgment from the custodian that the custodian is

					
	 	 	 	 	 
	 
	 	Sch. 4.4-1
	 	Loan Purchase and Sale Agreement

 

 

holding such instruments or tangible chattel paper to effect the Purchaser’s security interest
therein; or

     (b) A custodian received possession of such instruments or tangible chattel paper after the
Purchaser received a written acknowledgment from such custodian that such custodian is acting to
effect the Purchaser’s security interest therein.

Priority

     7. Other than the transfer of the Loans to the Seller under the Loan Sale Agreement, the
security interest granted to the Purchaser pursuant to the Purchase and Sale Agreement and the
security interest granted to the Indenture Trustee pursuant to the Indenture, neither the Seller
nor the Purchaser has pledged, assigned, sold, granted a security interest in, or otherwise
conveyed any of the Loans. Neither the Seller nor the Purchaser has authorized the filing of, or
is aware of any financing statements against the Seller or the Purchaser that include a description
of collateral covering the Loans other than any financing statement relating to the security
interest granted to the Purchaser hereunder or to the Indenture Trustee under the Indenture or that
has been terminated.

     8. Survival of Perfection Representations. Notwithstanding any other provision of the
Purchase and Sale Agreement or any other Related Document, the Perfection Representations contained
in this Schedule shall be continuing, and remain in full force and effect and shall continue until
the payment in full of all Purchaser Assets.

     10. No Waiver. The parties to the Purchase and Sale Agreement: (i) shall not, unless
the Rating Agency Condition shall have been satisfied, waive any of the Perfection Representations;
(ii) shall provide the Ratings Agencies with prompt written notice of any breach of the Perfection
Representations, and (iii) shall not, unless the Rating Agency Condition shall have been satisfied
(as determined after any adjustment or withdrawal of the ratings following notice of such breach)
waive a breach of any of the Perfection Representations.

     11. Seller to Maintain Perfection and Priority. The Seller covenants that, in order
to evidence the interests of the Seller and the Purchaser under this Agreement, the Seller shall
execute and deliver such instruments (other than effecting a Filing (as defined below), unless such
Filing is effected in accordance with this paragraph) as may be necessary or advisable (including,
without limitation, such actions as are requested by the Purchaser) to maintain and perfect, as a
first priority interest, the Purchaser’s security interest in the Collateral. The Seller shall
within the time limits established by law, prepare and present to the Purchaser for the Purchaser
to authorize (based in reliance on the Opinion of Counsel hereinafter provided for) the Servicer to
file all financing statements, amendments, continuations, initial financing statements in lieu of a
continuation statement, terminations, partial terminations, releases or partial releases, or any
other filings necessary or advisable to continue, maintain and perfect the Purchaser’s security
interest in the Collateral as a first-priority interest (each a “Filing”). The Seller
shall present each such Filing to the Purchaser together with (x) an Opinion of Counsel to the
effect that such Filing is (i) consistent with grant of the security interest to the Purchaser
pursuant to the Granting Clause of this Purchase and Sale Agreement, (ii) satisfies all
requirements and conditions to such Filing in this Purchase and Sale Agreement and (iii) satisfies
the requirements

					
	 	 	 	 	 
	 
	 	Sch. 4.4-2
	 	Loan Purchase and Sale Agreement

 

 

for a Filing of such type under the Uniform Commercial Code in the applicable jurisdiction (or
if the Uniform Commercial Code does not apply, the applicable statute governing the perfection of
security interests), and (y) a form of authorization for the Seller’s signature authorizing the
Servicer to effect such Filing under the Uniform Commercial Code without the signature of the
Seller where allowed by applicable law.

					
	 	 	 	 	 
	 
	 	Sch. 4.4-3
	 	Loan Purchase and Sale Agreement

 

 

Schedule I 

Schedule of CEF Loans

Loan Numbers

	 	 	 	 	 
	4033698032

4054123263

4054123268

4054123274

4056376064

4067862006

4068725008

4071476008

4079001008

4079001009

4080316003

4080316004

4083476049

4083476050

4083558008

4094984011

4095103004

4107634006

4110977006

4124777078

4124777079

4126926003

4126926004

4127485002

4129528002

4131032005

4131032006

4131212005

4131212006

4134512035

4134512039

4134512040

4135321012

4135580003

4135825014

4136710022

4138712028

4139020020

4140013027

4140013028

4140013029

4140317003

4141105002

4141449002

4142449004

4143884005

4144153002

4144159002

4144345018

4144345019

4144345021

4145596009

4146104017

4146341005

4147943020
	 	4148241003

4149345001

4149345002

4149345003

4149903009

4149903010

4152198001

4152374005

4153123001

4153540005

4154630002

4154867003

4155892007

4155892010

4156145002

4157157001

4157157002

4158320003

4158983012

4159722002

4161939003

4162226005

4162375002

4162522002

4162554019

4162554023

4162554027

4162554028

4162554029

4162554030

4162554031

4162554032

4162805008

4164051041

4164051042

4164496004

4165847001

4166226008

4166226009

4166226010

4166444011

4167823006

4167929002

4170699008

4170699009

4170853002

4170855004

4170946006

4170946007

4171542020

4171916002

4172021002

4172593006

4172593007

4172593008

4175408002
	 	4175785006

4176514004

4176553004

4176680001

4177867003

4179274004

4179274005

4180228012

4180228013

4180228014

4180228015

4180228016

4180673001

4181674002

4181674003

4181682010

4181682011

4181682012

4181682013

4182288003

4182340007

4183788002

4183950006

4183994003

4183994004

4186147007

4188732003

4190295015

4190295016

4191220001

4191653001

4192315001

4194827001

4195248001

4195303010

4195303011

4195303012

4195303013

4195303014

4195303015

4195303016

4195303017

4195303018

4195303019

4195303020

4195415006

4195814001

4195814002

4195814003

4196823002

4197864002

4198596042

4198596043

4198596044

4198613001

4199827005

					
	 	 	 	 	 
	 
	 	Schedule I-1
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	4199887001

4199887004

4200204003

4201276006

4201276007

4201587001

4201587002

4201587003

4202001003

4203207003

4203328003

4203328004

4203452002

4203527004

4203708001

4203708002

4203708004

4204009002

4204814002

4205257001

4205453001

4207594003

5850440002

5850440003

5850440004

5850538004

5851995002

5852147001

5852147002

5852261003

5852261004

5852261005

5852261006

5852261007

5852634002

5852958003

5852958004

5852958005

5853195004

5853195005

5853400002

5853498002

5853498003

5854170002

5854844001

5856021002

5856166001

5856866002

5857178003

5857422002

5857422003

5857422004

5857422005

5858509002

5858572004

5858572007

5858815003

5858815004

5858829002

5858829003

5859525002

5859782002
	 	5859873001

5859873008

5861131001

5861148001

5861193001

5861203001

5861398002

5861400001

5861591001

5861649001

5861831001

5861934001

5862179001

5862179002

5862179004

5862179005

5862245001

5862404001

5862520001

5862544001

5862599001

5862599002

5862962001

5863032001

5863122001

5863133001

5863409001

5863499001

5864077001

5864140001

5864168001

5864234001

5864653001

5864653002

5864919002

5865137002

5865137003

5865165001

5865208001

5865274001

5865274002

5865371001

5865463001

5865577001

5865673001

5865714001

5865748001

5865860001

5865914001

5865914002

5865914003

5866042001

5866042002

5866178001

5866297001

5866301001

5866712001

5866794001

5866909001

5866909003

5866909005

5866909006
	 	5866909007

5867052001

5867206001

5867516001

5867531001

5867621001

5867621002

5867766001

5867890001

5868591003

5868595001

5868595002

5868850001

5869002001

5869214001

5869255001

5869264001

5869324001

5869324002

5869324004

5869643001

5869643002

5869643003

5869643004

5869837002

5870104001

5870331002

5870331003

5871281002

5871538001

5871686001

5871847001

5872319001

5872529001

5872529002

5872548001

5872627001

5872786001

5873104002

5873240001

5873400001

5873543001

5873962001

5873978001

5874255001

5874263001

5874330001

5874393003

5874642001

5874689001

5874689002

5874689003

5874689004

5874689007

5874689009

5874689010

5874957001

5874957002

5875177001

5875177002

5875376002

5875694001

					
	 	 	 	 	 
	 
	 	Schedule I-2
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	5875919001

5876032001

5876086002

5876228001

5876306001

5877018001

5877062001

5877062002

5877094001

5877524001

5877530001

5877530004

5877574001

5877787001

5877836001

5877839001

5877839002

5878051001

5879496001

5879838001

5880698001

5880699001

5880700001

5880919002

5881411001

5881903001

5882324001

5882420002

5882484001

5882734001

4137915003

4148070006

4163062018

4163062019

4165754004

4171256007

4198945009

5853896002

5861918001

5861918002

5861918003

5861918004

5863737001

5864751001

5866766001

5866766002

5866921001

5866921002

5866921003

5869059002

5869834001

5869834002

5869834003

5869834004

5869834005

5869834006

5869834007

5869834008

5869834009

5869834010

5869834011

5869834012
	 	5869834013

5869834014

5869834015

5870899002

5870899004

5870899005

5870899006

5870899007

5870899008

5870899009

5872263001

5872360001

5873367001

5873963001

5873963002

5875738001

5875738002

5875738003

5875786001

5875810001

5875810002

5875960001

5876110001

5877002001

5877002002

5877753001

5883397001

4167628001

4169713001

4171376001

4171443001

4171447001

4171450001

4171818001

4171951001

4172229001

4172397001

4173090001

4173221001

4173298001

4173364001

4173812001

4174761001

4174818001

4174891001

4175106001

4175418001

4176095001

4176525001

4176779001

4176879001

4176926001

4177763001

4177953001

4177982001

4178024001

4178166001

4178473001

4178732001

4178980001

4179034001

4179565001
	 	4179569001

4179929001

4180121001

4180165001

4180471001

4180717001

4180871001

4180880001

4180898001

4181313001

4181601001

4181606001

4181608001

4181779001

4182043001

4182197001

4182203001

4182204001

4182207001

4182941001

4184573001

4185109001

4185253001

4185465001

4185619001

4185983001

4186167001

4186477001

4186505001

4186517001

4186518001

4187557001

4187782001

4187785001

4188192001

4188338001

4188745001

4188773001

4188823001

4188907001

4188939001

4189177001

4189464001

4189707001

4189973001

4189976001

4190019001

4190232001

4190337001

4190398001

4190607001

4190916001

4190921001

4191684001

4191689001

4191694001

4192230001

4192290001

4192615001

4192785001

4193062001

4193142001

					
	 	 	 	 	 
	 
	 	Schedule I-3
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	4193170001

4193310001

4193338001

4193542001

4193899001

4193903001

5850503004

5850503005

5850503006

5850503012

5860658001

5860847001

5860946001

5861000001

5861143001

5861267001

5861270001

5861303001

5861345001

5861513001

5861539001

5861738001

5861933001

5861938001

5861940001

5861944001

5861948001

5861951001

5861976001

5861993001

5861997001

5862000001

5862005001

5862011001

5862096001

5862098001

5862099001

5862100001

5862104001

5862119001

5862125001

5862125002

5862195001

5862202001

5862218001

5862379001

5862399001

5862450001

5862496001

5862659001

5862688001

5862701001

5862702001

5862705001

5862707001

5862709001

5862719001

5862735001

5862740001

5862741001

5862753001

5862757001
	 	5862770001

5862777001

5862779001

5862781001

5862809001

5862827001

5862839001

5862852001

5862888001

5862892001

5862898001

5862900001

5862946001

5862947001

5862956001

5862959001

5862960001

5862980001

5862994001

5862995001

5863009001

5863041001

5863063001

5863070001

5863079001

5863115001

5863128001

5863153001

5863157001

5863160001

5863162001

5863168001

5863180001

5863181001

5863184001

5863219001

5863225001

5863250001

5863264001

5863280001

5863311001

5863328001

5863332001

5863341001

5863387001

5863418001

5863438001

5863440001

5863455001

5863460001

5863465001

5863493001

5863506001

5863514001

5863530001

5863542001

5863547001

5863548001

5863555001

5863590001

5863595001

5863607001
	 	5863643001

5863645001

5863659001

5863680001

5863684001

5863705001

5863711001

5863720001

5863722001

5863769001

5863771001

5863774001

5863792001

5863797001

5863827001

5863830001

5863831001

5863834001

5863839001

5863842001

5863846001

5863849001

5863877001

5863878001

5863894001

5863898001

5863908001

5863910001

5863927001

5863931001

5863932001

5863935001

5863946001

5863954001

5863960001

5863995001

5864020001

5864032001

5864034001

5864037001

5864040001

5864066001

5864107001

5864131001

5864132001

5864135001

5864155001

5864172001

5864174001

5864178001

5864181001

5864188001

5864190001

5864213001

5864233001

5864247001

5864260001

5864263001

5864279001

5864293001

5864295001

5864316001

					
	 	 	 	 	 
	 
	 	Schedule I-4
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	5864319001

5864320001

5864330001

5864339001

5864375001

5864377001

5864396001

5864403001

5864409001

5864416001

5864417001

5864420001

5864422001

5864427001

5864431001

5864454001

5864459001

5864460001

5864475001

5864476001

5864477001

5864479001

5864487001

5864496001

5864497001

5864499001

5864502001

5864503001

5864512001

5864513001

5864515001

5864516001

5864520001

5864527001

5864529001

5864533001

5864535001

5864545001

5864604001

5864606001

5864609001

5864632001

5864638001

5864640001

5864643001

5864648001

5864654001

5864663001

5864691001

5864692001

5864723001

5864726001

5864731001

5864734001

5864809001

5864811001

5864813001

5864820001

5864828001

5864830001
	 	5864872001

5864873001

5864874001

5864891001

5864906001

5864908001

5864945001

5864946001

5864956001

5864962001

5865025001

5865071001

5865081001

5865084001

5865087001

5865111001

5865113001

5865124001

5865150001

5865160001

5865163001

5865164001

5865172001

5865179001

5865197001

5865219001

5865240001

5865245001

5865263001

5865265001

5865280001

5865322001

5865332001

5865335001

5865357001

5865395001

5865396001

5865408001

5865415001

5865442001

5865448001

5865450001

5865472001

5865477001

5865497001

5865501001

5865512001

5865541001

5865544001

5865561001

5865568001

5865569001

5865574001

5865595001

5865599001

5865600001

5865605001

5865612001

5865641001

5865646001
	 	5865665001

5865669001

5865672001

5865683001

5865707001

5865721001

5865726001

5865729001

5865744001

5865761001

5865816001

5865825001

5865831001

5865849001

5865851001

5865852001

5865857001

5865858001

5865865001

5865866001

5865882001

5865899001

5865902001

5865909001

5865918001

5865937001

5865949001

5866013001

5866040001

5866094001

5866095001

5866097001

5866109001

5866111001

5866114001

5866159001

5866165001

5866172001

5866214001

5866233001

5866237001

5866250001

5866271001

5866274001

5866332001

5866391001

5866399001

5866403001

5866408001

5866413001

5866425001

5866484001

5866494001

5866501001

5866504001

5866513001

5866529001

5866534001

5866538001

5866542001
	5864865001

5864871001
	 	5865648001

5865660001
	 	5866544001

5866557001

					
	 	 	 	 	 
	 
	 	Schedule I-5
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	5866646001

5866651001

5866657001

5866666001

5866668001

5866669001

5866674001

5866682001

5866704001

5866713001

5866787001

5866788001

5866792001

5866799001

5866800001

5866808001

5866810001

5866816001

5866836001

5866845001

5866854001

5866880001

5866882001

5866944001

5866945001

5866947001

5866951001

5866963001

5866966001

5866967001

5866974001

5866977001

5866980001

5866988001

5867005001

5867019001

5867021001

5867031001

5867089001

5867107001

5867111001

5867115001

5867122001

5867124001

5867125001

5867131001

5867136001

5867146001

5867160001

5867165001

5867166001

5867170001

5867172001

5867176001

5867179001

5867200001

5867227001

5867231001

5867233001

5867244001

5867246001

5867248001
	 	5867257001

5867267001

5867312001

5867313001

5867314001

5867315001

5867318001

5867323001

5867325001

5867362001

5867363001

5867381001

5867383001

5867405001

5867410001

5867411001

5867446001

5867454001

5867464001

5867517001

5867526001

5867559001

5867565001

5867818001

5867819001

5867864001

5868014001

5868082001

5868257001

5868305001

5868403001

5868522001

5868624001

5868870001

5869063001

5869065001

5869081001

5869112001

5869252001

5869253001

5869268001

5869278001

5869282001

5869285001

5869292001

5869354001

5869395001

5869495001

5869496001

5869503001

5869539001

5869561001

5870094001

5870261001

5870341001

5870357001

5870386001

5870550001

5870665001

5870696001

5870796001

5870803001
	 	5870817001

5870883001

5870907001

5870913001

5870916001

5870926001

5870927001

5870979001

5870983001

5870990001

5871003001

5871045001

5871048001

5871060001

5871061001

5871064001

5871113001

5871139001

5871140001

5871141001

5871142001

5871143001

5871158001

5871255001

5871343001

5871365001

5871397001

5871400001

5871441001

5871443001

5871470001

5871500001

5871507001

5871512001

5871514001

5871526001

5871532001

5871602001

5871611001

5871624001

5871666001

5871756001

5871789001

5871819001

5871824001

5871828001

5871829001

5871832001

5871856002

5871964001

5871982001

5872028001

5872072001

5872075001

5872094001

5872100001

5872105001

5872123001

5872126001

5872142001

5872143001

5872144001

					
	 	 	 	 	 
	 
	 	Schedule I-6
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	5872145001

5872163001

5872168001

5872173001

5872207001

5872209001

5872219001

5872240001

5872246001

5872247001

5872249001

5872250001

5872281001

5872285001

5872306001

5872307001

5872317001

5872327001

5872330001

5872359001

5872367001

5872376001

5872380001

5872385001

5872388001

5872400001

5872411001

5872414001

5872416001

5872419001

5872422001

5872424001

5872432001

5872441001

5872444001

5872450001

5872452001

5872453001

5872456001

5872461001

5872462001

5872463001

5872469001

5872475001

5872479001

5872485001

5872488001

5872493001

5872496001

5872498001

5872504001

5872505001

5872513001

5872519001

5872520001

5872521001

5872525001

5872526001

5872550001

5872567001

5872569001

5872571001
	 	5872577001

5872578001

5872580001

5872593001

5872599001

5872604001

5872605001

5872606001

5872613001

5872621001

5872622001

5872624001

5872625001

5872626001

5872628001

5872629001

5872632001

5872633001

5872634001

5872635001

5872638001

5872640001

5872641001

5872642001

5872643001

5872647001

5872649001

5872650001

5872651001

5872652001

5872653001

5872654001

5872655001

5872657001

5872658001

5872659001

5872660001

5872661001

5872662001

5872663001

5872664001

5872665001

5872666001

5872667001

5872668001

5872669001

5872671001

5872672001

5872676001

5872682001

5872702001

5872703001

5872712001

5872713001

5872717001

5872739001

5872744001

5872762001

5872773001

5872846001

5872930001

5872931001
	 	5872951001

5872953001

5872955001

5872957001

5872977001

5872981001

5873002001

5873003001

5873027001

5873038001

5873047001

5873068001

5873072001

5873073001

5873074001

5873079001

5873082001

5873150001

5873155001

5873176001

5873177001

5873186001

5873187001

5873223001

5873224001

5873239001

5873256001

5873257001

5873258001

5873271001

5873284001

5873286001

5873289001

5873291001

5873293001

5873302001

5873332001

5873335001

5873338001

5873342001

5873359001

5873360001

5873375001

5873378001

5873379001

5873380001

5873386001

5873388001

5873399001

5873403001

5873404001

5873408001

5873410001

5873431001

5873432001

5873436001

5873437001

5873443001

5873446001

5873447001

5873448001

5873449001

					
	 	 	 	 	 
	 
	 	Schedule I-7
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	5873451001

5873453001

5873471001

5873499001

5873502001

5873503001

5873507001

5873510001

5873511001

5873512001

5873515001

5873517001

5873529001

5873538001

5873546001

5873550001

5873565001

5873566001

5873570001

5873584001

5873589001

5873598001

5873603001

5873614001

5873648001

5873659001

5873664001

5873667001

5873675001

5873676001

5873679001

5873683001

5873686001

5873692001

5873694001

5873701001

5873708001

5873709001

5873717001

5873718001

5873719001

5873724001

5873733001

5873738001

5873753001

5873760001

5873768001

5873776001

5873780001

5873781001

5873782001

5873825001

5873834001

5873838001

5873854001

5873858001

5873864001

5873865001

5873880001

5873882001

5873897001

5873900001
	 	5873910014

5873910021

5873910025

5873910027

5873916001

5873934001

5873955001

5874032001

5874064001

5874071001

5874072001

5874093001

5874129001

5874131001

5874133001

5874157001

5874250001

5874269001

5874270001

5874279001

5874290001

5874291001

5874293001

5874296001

5874301001

5874311001

5874321001

5874334001

5874347001

5874375001

5874376001

5874377001

5874378001

5874380001

5874394001

5874414001

5874416001

5874428001

5874440001

5874459001

5874472001

5874518001

5874519001

5874533001

5874539001

5874540001

5874588001

5874607001

5874615001

5874616001

5874646001

5874652001

5874664001

5874665001

5874683001

5874688001

5874721001

5874723001

5874723002

5874731001

5874732001

5874754001
	 	5874756001

5874806001

5874810001

5874814001

5874815001

5874819001

5874820001

5874833001

5874835001

5874836001

5874853001

5874854001

5874896001

5874909001

5874911001

5874912001

5874952001

5874961001

5874965001

5874969001

5874977001

5874995001

5875004001

5875018001

5875029001

5875044001

5875126001

5875135001

5875140001

5875171001

5875184001

5875231001

5875232001

5875233001

5875245001

5875273001

5875276001

5875287001

5875334001

5875338001

5875346001

5875347001

5875348001

5875383001

5875391001

5875397001

5875398001

5875404001

5875410001

5875414001

5875416001

5875424001

5875428001

5875432001

5875451001

5875452001

5875453001

5875463001

5875468001

5875491001

5875499001

5875511001

					
	 	 	 	 	 
	 
	 	Schedule I-8
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	5875514001

5875519001

5875571001

5875577001

5875582001

5875587001

5875618001

5875621001

5875639001

5875652001

5875679001

5875729001

5875741001

5875747001

5875789001

5875800001

5875804001

5875847001

5875860001

5875879001

5875916001

5875917001

5875921001

5875945001

5875962001

5875991001

5875992001

5875995001

5876003001

5876019001

5876030001

5876031001

5876033001

5876036001

5876047001

5876048001

5876051001

5876065001

5876079001

5876090001

5876105001

5876124001

5876132001

5876134001

5876176001

5876186001

5876194001

5876196001

5876204001

5876221001

5876235001

5876259001

5876260001

5876261001

5876262001

5876265001

5876272001

5876298001

5876318001

5876325001

5876334001

5876339001
	 	5876375001

5876376001

5876381001

5876384001

5876385001

5876395001

5876403001

5876406001

5876411001

5876418001

5876419001

5876423001

5876443001

5876447001

5876450001

5876458001

5876459001

5876497001

5876498001

5876508001

5876509001

5876513001

5876516001

5876528001

5876536001

5876537001

5876543001

5876546001

5876547001

5876548001

5876552001

5876554001

5876555001

5876556001

5876575001

5876582001

5876591001

5876593001

5876596001

5876598001

5876606001

5876608001

5876623001

5876630001

5876633001

5876639001

5876641001

5876645001

5876648001

5876650001

5876662001

5876672001

5876673001

5876676001

5876680001

5876682001

5876687001

5876694001

5876695001

5876696001

5876717001

5876720001
	 	5876728001

5876729001

5876733001

5876735001

5876737001

5876740001

5876767001

5876781001

5876784001

5876795001

5876798001

5876801001

5876802001

5876803001

5876806001

5876815001

5876837001

5876844001

5876846001

5876849001

5876853001

5876856001

5876871001

5876879001

5876891001

5876896001

5876900001

5876907001

5876923001

5876927001

5876930001

5876934001

5876940001

5876971001

5876982001

5876983001

5876984001

5876995001

5877004001

5877008001

5877009001

5877011001

5877017001

5877020001

5877021001

5877030001

5877059001

5877060001

5877070001

5877088001

5877095001

5877099001

5877108001

5877120001

5877128001

5877135001

5877139001

5877145001

5877149001

5877151001

5877152001

5877155001

					
	 	 	 	 	 
	 
	 	Schedule I-9
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	5877159001

5877164001

5877179001

5877180001

5877184001

5877186001

5877197001

5877201001

5877203001

5877203002

5877212001

5877217001

5877231001

5877234001

5877244001

5877252001

5877259001

5877263001

5877276001

5877287001

5877293001

5877298001

5877303001

5877308001

5877314001

5877317001

5877323001

5877325001

5877334001

5877335001

5877344001

5877347001

5877357001

5877374001

5877377001

5877390001

5877391001

5877441001

5877453001

5877454001

5877457001

5877458001

5877459001

5877460001

5877461001

5877474001

5877489001

5877492001

5877494001

5877501001

5877528001

5877565001

5877587001

5877604001

5877606001

5877608001

5877609001

5877626001

5877647001

5877650001

5877665001

5877667001
	 	5877680001

5877708001

5877741001

5877742001

5877743001

5877750001

5877764001

5877765001

5877790001

5877799001

5877808001

5877827001

5877828001

5877830001

5877833001

5877858001

5877864001

5877884001

5877893001

5877895001

5877896001

5877898001

5877933001

5877934001

5877953001

5877954001

5877957001

5877967001

5877969001

5877988001

5878005001

5878009001

5878019001

5878020001

5878021001

5878025001

5878028001

5878046001

5878055001

5878066001

5878104001

5878128001

5878136001

5878139001

5878140001

5878144001

5878146001

5878151001

5878170001

5878172001

5878177001

5878179001

5878180001

5878183001

5878192001

5878195001

5878201001

5878205001

5878207001

5878211001

5878232001

5878234001
	 	5878236001

5878238001

5878239001

5878241001

5878242001

5878248001

5878251001

5878252001

5878253001

5878254001

5878255001

5878260001

5878262001

5878263001

5878264001

5878270001

5878279001

5878281001

5878286001

5878289001

5878296001

5878301001

5878302001

5878303001

5878307001

5878311001

5878312001

5878314001

5878315001

5878319001

5878322001

5878329001

5878358002

5878364001

5878366001

5878369001

5878382003

5878391001

5878399001

5878404001

5878409001

5878416001

5878419001

5878420001

5878439001

5878447001

5878451001

5878452001

5878456001

5878465001

5878469001

5878487001

5878488001

5878497001

5878515001

5878516001

5878519001

5878521001

5878527001

5878530001

5878535001

5878544001

					
	 	 	 	 	 
	 
	 	Schedule I-10
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	5878545001

5878546001

5878547001

5878548001

5878552001

5878561001

5878562001

5878568001

5878585001

5878596001

5878606001

5878611001

5878621001

5878628001

5878629001

5878630001

5878631001

5878634001

5878637001

5878639001

5878642001

5878644001

5878660001

5878661001

5878662001

5878666001

5878667001

5878678001

5878680001

5878689001

5878690001

5878694001

5878732001

5878735001

5878742001

5878744001

5878748001

5878750001

5878754001

5878756001

5878781001

5878793001

5878794001

5878798001

5878823001

5878845001

5878865001

5878878001

5878880001

5878882001

5878925001

5878926001

5878949001

5878950001

5879020001

5879024001

5879025001

5879026001

5879062001

5879084001

5879121001

5879127001
	 	5879128001

5879131001

5879181001

5879183001

5879187001

5879189001

5879202001

5879245001

5879263002

5879292001

5879314001

5879331001

5879340001

5879341001

5879344001

5879345001

5879368001

5879369001

5879370001

5879371001

5879372001

5879385001

5879388001

5879409001

5879412001

5879413001

5879431001

5879444001

5879445001

5879467001

5879477001

5879494001

5879498001

5879520001

5879526001

5879543001

5879551001

5879560001

5879561001

5879562001

5879564001

5879565001

5879579001

5879594001

5879604001

5879608001

5879633001

5879634001

5879635001

5879637001

5879639001

5879640001

5879641001

5879644001

5879652001

5879654001

5879658001

5879663001

5879665001

5879669001

5879687001

5879688001
	 	5879689001

5879691001

5879696001

5879701001

5879704001

5879708001

5879709001

5879710001

5879711001

5879729001

5879730001

5879735001

5879737001

5879738001

5879744001

5879745001

5879749001

5879751001

5879754001

5879768001

5879772001

5879779001

5879780001

5879782001

5879783001

5879788001

5879790001

5879791001

5879793001

5879796001

5879797001

5879799001

5879800001

5879804001

5879805001

5879806001

5879807001

5879808001

5879809001

5879810001

5879811001

5879812001

5879813001

5879814001

5879815001

5879823001

5879825001

5879826001

5879828001

5879841001

5879843001

5879844001

5879847001

5879872001

5879874001

5879882001

5879884001

5879886001

5879887001

5879888001

5879891001

5879894001

					
	 	 	 	 	 
	 
	 	Schedule I-11
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	5879896001

5879899001

5879906001

5879909001

5879910001

5879911001

5879912001

5879922001

5879924001

5879926001

5879928001

5879929001

5879930001

5879933001

5879940001

5879952001

5879955001

5879956001

5879958001

5879959001

5879961001

5879968001

5879972001

5879973001

5879974001

5879975001

5879984001

5879987001

5879988001

5879990001

5879995001

5880008001

5880009001

5880011001

5880015001

5880016001

5880017001

5880020001

5880022001

5880030001

5880031001

5880033001

5880034001

5880036001

5880037002

5880038001

5880040001

5880041001

5880042001

5880046001

5880048001

5880049001

5880050001

5880053001

5880054001

5880056001

5880058001

5880066001

5880067001

5880068001

5880069001

5880074001
	 	5880077001

5880079001

5880081001

5880082001

5880083001

5880085001

5880087001

5880088001

5880096001

5880098001

5880099001

5880102001

5880105001

5880107001

5880108001

5880109001

5880115001

5880121001

5880123001

5880124001

5880127001

5880130001

5880131001

5880133001

5880135001

5880136001

5880144001

5880147001

5880150001

5880157001

5880160001

5880162001

5880163001

5880165001

5880167001

5880170001

5880171001

5880172001

5880173001

5880175001

5880176001

5880177001

5880181001

5880183001

5880185001

5880186001

5880187001

5880191001

5880192001

5880194001

5880199001

5880203001

5880204001

5880207001

5880210001

5880212001

5880213001

5880214001

5880222001

5880227001

5880228001

5880229001
	 	5880231001

5880234001

5880236001

5880237001

5880243001

5880245001

5880247001

5880248001

5880249001

5880250001

5880251001

5880255001

5880256001

5880257001

5880260001

5880261001

5880262001

5880264001

5880266001

5880267001

5880270001

5880273001

5880275001

5880278001

5880280001

5880281001

5880282001

5880283001

5880286001

5880287001

5880288001

5880289001

5880290001

5880293001

5880294001

5880295001

5880296001

5880297001

5880314001

5880315001

5880317001

5880318001

5880319001

5880320001

5880323001

5880325001

5880336001

5880339001

5880341001

5880342001

5880344001

5880345001

5880346001

5880348001

5880361001

5880362001

5880364001

5880365001

5880370001

5880371001

5880374001

5880376001

					
	 	 	 	 	 
	 
	 	Schedule I-12
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	5880378001

5880380001

5880381001

5880382001

5880385001

5880386001

5880388001

5880398001

5880405001

5880406001

5880407001

5880409001

5880414001

5880419001

5880420001

5880422001

5880424001

5880426001

5880427001

5880428001

5880429001

5880431001

5880435001

5880436001

5880437001

5880443001

5880451001

5880452001

5880454001

5880457001

5880458001

5880459001

5880460001

5880461001

5880462001

5880463001

5880466001

5880469001

5880474001

5880477001

5880478001

5880479001

5880485001

5880486001

5880497001

5880499001

5880500001

5880501001

5880502001

5880503001

5880504001

5880505001

5880508001

5880509001

5880511001

5880512001

5880515001

5880516001

5880519001

5880529001

5880541001

5880542001
	 	5880560001

5880562001

5880563001

5880564001

5880566001

5880567001

5880568001

5880569001

5880571001

5880573001

5880575001

5880576001

5880579001

5880581001

5880583001

5880585001

5880586001

5880587001

5880588001

5880592001

5880613001

5880616001

5880618001

5880639001

5880640001

5880641001

5880642001

5880643001

5880644001

5880645001

5880646001

5880647001

5880648001

5880649001

5880651001

5880653001

5880657001

5880659001

5880664001

5880666001

5880668001

5880670001

5880671001

5880674001

5880675001

5880678001

5880679001

5880680001

5880685001

5880689001

5880691001

5880694001

5880695001

5880695002

5880702001

5880704001

5880705001

5880715001

5880716001

5880720001

5880721001

5880722001
	 	5880724001

5880725001

5880726001

5880727001

5880728001

5880749001

5880753001

5880757001

5880758001

5880761001

5880764001

5880765001

5880766001

5880768001

5880795001

5880803001

5880804001

5880806001

5880807001

5880842001

5880843001

5880845001

5880847001

5880860001

5880873001

5880892001

5880898001

5880899001

5880900001

5880901001

5880902001

5880904001

5880906001

5880908001

5880915001

5880917001

5880918001

5880922001

5880928001

5880932001

5880936001

5880938001

5880940001

5880941001

5880943001

5880945001

5880946001

5880952001

5880953001

5880958001

5880961001

5880963001

5880965001

5880966001

5880967001

5880969001

5880971001

5880975001

5880977001

5880979001

5880981001

5880989001

					
	 	 	 	 	 
	 
	 	Schedule I-13
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	5880992001

5880994001

5880999001

5881000001

5881002001

5881003001

5881005001

5881006001

5881007001

5881008001

5881009001

5881010001

5881023001

5881024001

5881027001

5881028001

5881032001

5881033001

5881034001

5881035001

5881036001

5881047001

5881050001

5881051001

5881052001

5881053001

5881054001

5881055001

5881056001

5881058001

5881060001

5881063001

5881067001

5881073001

5881074001

5881078001

5881079001

5881082001

5881085001

5881086001

5881091001

5881100001

5881101001

5881103001

5881106001

5881112001

5881113001

5881114001

5881116001

5881119001

5881120001

5881122001

5881123001

5881125001

5881127001

5881130001

5881135001

5881136001

5881137001

5881138001

5881139001

5881140001
	 	5881141001

5881142001

5881143001

5881147001

5881156001

5881159001

5881166001

5881169001

5881174001

5881175001

5881177001

5881180001

5881182001

5881183001

5881184001

5881186001

5881187001

5881188001

5881189001

5881192001

5881198001

5881202001

5881203001

5881204001

5881205001

5881206001

5881207001

5881209001

5881210001

5881214001

5881219001

5881221001

5881222001

5881223001

5881225001

5881226001

5881227001

5881228001

5881232001

5881237001

5881240001

5881241001

5881246001

5881247001

5881248001

5881249001

5881250001

5881252001

5881253001

5881254001

5881255001

5881257001

5881259001

5881260001

5881264001

5881266001

5881267001

5881268001

5881269001

5881270001

5881277001

5881283001
	 	5881284001

5881285001

5881287001

5881289001

5881292001

5881294001

5881302001

5881303001

5881304001

5881305001

5881306001

5881307001

5881308001

5881312001

5881315001

5881316001

5881317001

5881319001

5881320001

5881325001

5881326001

5881328001

5881329001

5881330001

5881333001

5881335001

5881338001

5881339001

5881341001

5881346001

5881351001

5881352001

5881354001

5881355001

5881362001

5881363001

5881368001

5881372001

5881373001

5881374001

5881377001

5881378001

5881379001

5881380001

5881381001

5881382001

5881386001

5881388001

5881389001

5881391001

5881392001

5881393001

5881396001

5881397001

5881401001

5881405001

5881408001

5881409001

5881413001

5881417001

5881418001

5881421001

					
	 	 	 	 	 
	 
	 	Schedule I-14
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	5881422001

5881423001

5881424001

5881425001

5881426001

5881432001

5881433001

5881435001

5881442001

5881445001

5881446001

5881449001

5881450001

5881452001

5881453001

5881454001

5881455001

5881456001

5881457001

5881458001

5881459001

5881461001

5881462001

5881464001

5881466001

5881467001

5881468001

5881475001

5881477001

5881478001

5881479001

5881486001

5881488001

5881489001

5881493001

5881497001

5881498001

5881502001

5881504001

5881505001

5881506001

5881508001

5881509001

5881513001

5881514001

5881517001

5881518001

5881519001

5881520001

5881521001

5881522001

5881523001

5881524001

5881525001

5881531001

5881534001

5881536001

5881539001

5881541001

5881544001

5881545001

5881547001
	 	5881548001

5881549001

5881550001

5881551001

5881559001

5881560001

5881561001

5881562001

5881564001

5881566001

5881567001

5881569001

5881572001

5881577001

5881580001

5881581001

5881583001

5881584001

5881585001

5881586001

5881593001

5881594001

5881601001

5881602001

5881606001

5881609001

5881611001

5881614001

5881616001

5881617001

5881619001

5881620001

5881623001

5881624001

5881625001

5881631001

5881632001

5881633001

5881634001

5881635001

5881637001

5881639001

5881641001

5881644001

5881645001

5881647001

5881648001

5881651001

5881652001

5881653001

5881656001

5881657001

5881665001

5881669001

5881670001

5881671001

5881672001

5881676001

5881679001

5881686001

5881687001

5881689001
	 	5881693001

5881696001

5881697001

5881698001

5881699001

5881700001

5881702001

5881703001

5881704001

5881711001

5881712001

5881713001

5881716001

5881721001

5881725001

5881726001

5881731001

5881732001

5881734001

5881738001

5881739001

5881741001

5881744001

5881745001

5881750001

5881751001

5881752001

5881753001

5881754001

5881755001

5881763001

5881765001

5881775001

5881778001

5881779001

5881780001

5881781001

5881783001

5881784001

5881785001

5881788001

5881789001

5881793001

5881795001

5881796001

5881797001

5881798001

5881799001

5881800001

5881801001

5881805001

5881806001

5881814001

5881816001

5881821001

5881824001

5881825001

5881826001

5881831001

5881836001

5881837001

5881838001

					
	 	 	 	 	 
	 
	 	Schedule I-15
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	5881841001

5881847001

5881848001

5881849001

5881851001

5881856001

5881857001

5881859001

5881860001

5881861001

5881862001

5881878001

5881879001

5881881001

5881887001

5881893001

5881895001

5881898001

5881900001

5881905001

5881909001

5881910001

5881911001

5881912001

5881913001

5881914001

5881915001

5881916001

5881917001

5881918001

5881923001

5881927001

5881933001

5881936001

5881938001

5881939001

5881946001

5881951001

5881952001

5881954001

5881955001

5881956001

5881957001

5881959001

5881964001

5881967001

5881969001

5881973001

5881975001

5881976001

5881977001

5881978001

5881979001

5881980001

5881984001

5881986001

5881987001

5881988001

5881989001

5881990001

5881993001

5881994001
	 	5881998001

5881999001

5882000001

5882006001

5882007001

5882015001

5882016001

5882019001

5882022001

5882023001

5882024001

5882026001

5882031001

5882032001

5882034001

5882035001

5882036001

5882038001

5882040001

5882042001

5882045001

5882049001

5882050001

5882051001

5882052001

5882053001

5882054001

5882055001

5882056001

5882057001

5882065001

5882073001

5882074001

5882076001

5882084001

5882085001

5882086001

5882089001

5882092001

5882094001

5882095001

5882096001

5882097001

5882098001

5882107001

5882110001

5882111001

5882113001

5882114001

5882115001

5882116001

5882122001

5882127001

5882128001

5882129001

5882133001

5882135001

5882136001

5882137001

5882138001

5882139001

5882142001
	 	5882143001

5882144001

5882146001

5882147001

5882151001

5882153001

5882155001

5882158001

5882159001

5882162001

5882165001

5882169001

5882171001

5882172001

5882173001

5882183001

5882184001

5882185001

5882186001

5882188001

5882189001

5882191001

5882192001

5882201001

5882204001

5882205001

5882211001

5882212001

5882214001

5882216001

5882217001

5882221001

5882222001

5882223001

5882225001

5882227001

5882229001

5882230001

5882234001

5882248001

5882249001

5882250001

5882251001

5882252001

5882254001

5882257001

5882258001

5882259001

5882261001

5882262001

5882264001

5882265001

5882266001

5882267001

5882268001

5882270001

5882279001

5882280001

5882283001

5882285001

5882286001

5882287001

					
	 	 	 	 	 
	 
	 	Schedule I-16
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	5882288001

5882290001

5882291001

5882292001

5882293001

5882294001

5882295001

5882296001

5882297001

5882298001

5882301001

5882305001

5882306001

5882307001

5882308001

5882309001

5882310001

5882311001

5882314001

5882315001

5882316001

5882318001

5882329001

5882337001

5882340001

5882341001

5882342001

5882345001

5882346001

5882355001

5882367001

5882368001

5882370001

5882373001

5882374001

5882375001

5882376001

5882377001

5882378001

5882381001

5882382001

5882383001

5882390001

5882391001

5882392001

5882395001

5882396001

5882397001

5882398001

5882400001

5882401001

5882404001

5882405001

5882409001

5882412001

5882412002

5882413001

5882415001

5882416001

5882417001

5882421001

5882422001
	 	5882424001

5882425001

5882428001

5882429001

5882430001

5882431001

5882433001

5882435001

5882438001

5882439001

5882442001

5882445001

5882447001

5882449001

5882455001

5882456001

5882458001

5882460001

5882461001

5882462001

5882463001

5882464001

5882465001

5882466001

5882469001

5882478001

5882483001

5882485001

5882487001

5882488001

5882489001

5882491001

5882494001

5882495001

5882496001

5882497001

5882498001

5882499001

5882500001

5882501001

5882503001

5882504001

5882506001

5882507001

5882508001

5882509001

5882513001

5882524001

5882528001

5882529001

5882531001

5882532001

5882533001

5882535001

5882537001

5882541001

5882545001

5882546001

5882547001

5882548001

5882549001

5882550001
	 	5882551001

5882552001

5882558001

5882559001

5882564001

5882569001

5882570001

5882571001

5882572001

5882574001

5882576001

5882577001

5882578001

5882579001

5882584001

5882590001

5882591001

5882592001

5882597001

5882602001

5882603001

5882605001

5882606001

5882607001

5882608001

5882621001

5882625001

5882629001

5882631001

5882633001

5882635001

5882636001

5882637001

5882638001

5882642001

5882651001

5882653001

5882654001

5882658001

5882659001

5882660001

5882665001

5882667001

5882673001

5882677001

5882679001

5882680001

5882684001

5882688001

5882695001

5882697001

5882701001

5882704001

5882705001

5882708001

5882710001

5882712001

5882716001

5882717001

5882718001

5882719001

5882720001

					
	 	 	 	 	 
	 
	 	Schedule I-17
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	5882721001

5882722001

5882724001

5882725001

5882726001

5882727001

5882738001

5882742001

5882743001

5882775001

5882776001

5882777001

5882778001

5882780001

5882781001

5882782001

5882786001

5882787001

5882788001

5882789001

5882792001

5882796001

5882800001

5882801001

5882802001

5882803001

5882804001

5882805001

5882806001

5882807001

5882822001

5882828001

5882829001

5882830001

5882832001

5882835001

5882843001

5882844001

5882847001

5882850001

5882851001

5882852001

5882857001

5882859001

5882861001

5882863001

5882865001

5882866001

5882869001

5882872001

5882873001

5882875001

5882877001

5882880001

5882881001

5882882001

5882883001

5882884001

5882888001

5882889001

5882890001

5882892001
	 	5882893001

5882894001

5882895001

5882896001

5882897001

5882898001

5882899001

5882900001

5882903001

5882904001

5882905001

5882906001

5882908001

5882910001

5882911001

5882919001

5882922001

5882923001

5882925001

5882927001

5882928001

5882929001

5882931001

5882933001

5882934001

5882939001

5882940001

5882943001

5882944001

5882945001

5882947001

5882948001

5882949001

5882950001

5882951001

5882955001

5882957001

5882958001

5882959001

5882960001

5882962001

5882964001

5882970001

5882973001

5882974001

5882976001

5882978001

5882980001

5882981001

5882982001

5882983001

5882985001

5882986001

5882987001

5882989001

5882990001

5882992001

5882993001

5882994001

5882995001

5882996001

5882997001
	 	5882998001

5883000001

5883002001

5883003001

5883007001

5883008001

5883013001

5883014001

5883016001

5883020001

5883022001

5883023001

5883024001

5883025001

5883026001

5883027001

5883028001

5883031001

5883031002

5883031003

5883031004

5883031005

5883034001

5883036001

5883037001

5883037002

5883037003

5883037004

5883037005

5883037006

5883042001

5883043001

5883046001

5883048001

5883049001

5883050001

5883054001

5883056001

5883059001

5883060001

5883061001

5883062001

5883064001

5883065001

5883079001

5883080001

5883081001

5883082001

5883083001

5883085001

5883086001

5883087001

5883088001

5883089001

5883091001

5883095001

5883098001

5883099001

5883100001

5883101001

5883103001

5883104001

					
	 	 	 	 	 
	 
	 	Schedule I-18
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	5883105001

5883106001

5883107001

5883108001

5883109001

5883111001

5883112001

5883113001

5883117001

5883119001

5883120001

5883121001

5883122001

5883124001

5883126001

5883127001

5883128001

5883129001

5883130001

5883131001

5883133001

5883134001

5883135001

5883139001

5883142001

5883143001

5883144001

5883145001

5883146001

5883147001

5883148001

5883149001

5883150001

5883151001

5883154001

5883156001

5883157001

5883160001

5883161001

5883162001

5883163001

5883164001

5883165001

5883166001

5883172001

5883176001

5883178001

5883180001

5883181001

5883182001

5883183001

5883184001

5883185001

5883186001

5883188001

5883191001

5883193001

5883194001

5883195001

5883196001

5883197001

5883198001
	 	5883199001

5883200001

5883201001

5883202001

5883203001

5883204001

5883205001

5883206001

5883208001

5883209001

5883210001

5883211001

5883212001

5883221001

5883225001

5883226001

5883227001

5883228001

5883230001

5883231001

5883233001

5883234001

5883235001

5883236001

5883239001

5883240001

5883241001

5883242001

5883242002

5883242003

5883244001

5883245001

5883246001

5883247001

5883252001

5883253001

5883257001

5883259001

5883260001

5883261001

5883262001

5883263001

5883265001

5883267001

5883270001

5883274001

5883282001

5883283001

5883286001

5883289001

5883290001

5883292001

5883293001

5883294001

5883299001

5883307001

5883308001

5883309001

5883310001

5883311001

5883312001

5883313001
	 	5883315001

5883317001

5883319001

5883320001

5883322001

5883333001

5883335001

5883338001

5883344001

5883348001

5883353001

5883354001

5883358001

5883359001

5883360001

5883362001

5883363001

5883364001

5883365001

5883366001

5883368001

5883369001

5883378001

5883379001

5883389001

5883398001

5883399001

5883400001

5883401001

5883403001

5883403002

5883403003

5883404001

5883411001

5883412001

5883414001

5883415001

5883417001

5883418001

5883419001

5883420001

5883421001

5883422001

5883423001

5883424001

5883425001

5883426001

5883427001

5883428001

5883429001

5883430001

5883431001

5883433001

5883434001

5883436001

5883442001

5883444001

5883446001

5883447001

5883448001

5883449001

5883450001

					
	 	 	 	 	 
	 
	 	Schedule I-19
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	5883451001

5883452001

5883453001

5883455001

5883456001

5883457001

5883458001

5883459001

5883460001

5883461001

5883462001

5883463001

5883465001

5883467001

5883469001

5883470001

5883471001

5883472001

5883477001

5883478001

5883479001

5883490001

5883491001

5883495001

5883496001

5883497001

5883498001

5883499001

5883501001

5883505001

5883506001

5883509001

5883510001

5883512001

5883513001

5883514001

5883515001

5883516001

5883524001

5883527001

5883529001

5883531001

5883534001

5883536001

5883537001

5883538001

5883539001

5883540001

5883541001

5883542001

5883543001

5883545001

5883550001

5883551001

5883553001

5883554001

5883557001

5883559001

5883560001

5883561001

5883562001

5883563001
	 	5883564001

5883569001

5883570001

5883571001

5883573001

5883576001

5883578001

5883579001

5883580001

5883581001

5883588001

5883593001

5883596001

5883598001

5883600001

5883604001

5883606001

5883607001

5883610001

5883611001

5883615001

5883616001

5883618001

5883620001

5883621001

5883623001

5883625001

5883626001

5883627001

5883628001

5883630001

5883631001

5883632001

5883634001

5883635001

5883638001

5883641001

5883644001

5883646001

5883650001

5883651001

5883653001

5883654001

5883658001

5883659001

5883664001

5883666001

5883673001

5883678001

5883683001

5883689001

5883693001

5883694001

2099585003

2099591002

4114239015

4114239016

4144386004

4147410010

4169500002

4171597003

4191625002
	 	4205452003

4212169008

4215523002

4218813016

4218813017

4224585009

4253500003

4253500019

4255524002

4260705003

4270375002

4271175009

4275626002

4278984001

4285767003

4287636007

4293507002

4294357006

4303397001

4307539001

4309409002

4313165001

4314605001

4315662002

4318566004

4319266001

4319425001

4319425002

4320511001

4322647007

4322647008

4322994001

4323387001

4323837001

4325767001

4326863001

4326863002

4328410002

4328790001

4335314001

4344238001

4346975030

4349442007

4350422001

4351919001

4354080009

4354777003

4355935001

4359911004

4369886004

4374975006

4381315003

4389451011

4391223006

4395483001

4398882012

4399448020

4401917004

4425066003

4438088002

4448565005

4448725003

					
	 	 	 	 	 
	 
	 	Schedule I-20
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	4464296018

4464862003

4465971022

4465971027

4467083001

4470162001

4474021003

4488117001

4491050001

4491492004

4498502002

6991300004

7150490003

7176636006

7194014004

7286437002

7330476002

7341415002

7406513004

7426995003

7429165005

7516126001

7526202001

7558672001

7578048001

7579836001

7584455001

7586394001

7586697001

7590855001

7592364001

7593694001

7600987001

7601500001

7603169001

7606052001

7606061001

7606187001

7607700001

7616108001

7616914001

7619774001

8311225006

8311532002

8324025003

8328850010

8332509002

8333206001

8340831001

8341270002

8343980002

8347020001

8347737002

8347737003

8351903001

8352225002

8354246001

8356509004

8358460001

8358601002

8359049001

8359408001
	 	8359550001

8360337001

8361782001

8362391002

8362727001

8362727002

8362753001

8362773001

8362894001

8362895001

8362933001

8363215001

8363256001

8363363001

8363363002

8363363003

8363363004

8363363006

8363369001

8363373003

8363425001

8363467001

8363627001

8364199001

8364497001

8364503001

8364629001

8366014001

8366016001

8366016002

8366156001

8366180001

8367988001

8368350001

8368886001

8368904001

8369348001

8369673002

8369942002

8369943001

8369946001

8369951002

8370168001

8370236001

8370478002

8370478003

8370517002

8370517003

8370560001

8370765001

8370810001

8370845001

8371122001

8371608002

8371977002

8373327002

8374110001

8374110002

8376327002

8377093003

8377204001

8377204002
	 	8378505002

8378505003

8380453001

8380455002

8380455004

8380598002

8381139001

8381639001

8385620001

8385955001

8385965002

8386175001

8387545002

8387587002

8388368002

8388368003

8389102001

8389148001

8389452001

8390133001

8390591001

8391884001

8392343001

8393892001

8394230001

8394875001

8394875002

8395116002

8395181001

8395902001

8396412001

8397506001

8398144001

8398152001

8398214001

8398295002

8398401002

8398401003

8398401004

8401072001

8401274001

8401288001

8401620001

8401914001

8401914002

8401967001

8402209001

8402646002

8402646003

8402771001

8402877001

8403359001

8403375001

8403863001

8404604001

8404943001

8405033001

8405229001

8405515001

8405561001

8406047001

8406337001

					
	 	 	 	 	 
	 
	 	Schedule I-21
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	8406547001

8406657001

8406709001

8406820001

8406967001

8407082001

8407437001

8407893001

8407935001

8408044001

8408209001

8408294001

8408565001

8408646001

8408680001

8408786001

8408811001

8408890001

8408930001

8409129001
	 	8409165001

8409170001

8409574001

8409626001

8410904001

8411450001

8411859001

8411909001

8412040001

8412073001

8412650001

8412730001

8412929001

8413087001

8413973001

8413979001

8415127001

8415750002

8416057001

8416309001
	 	8416359001

8416552002

8417002001

8417417001

8417451001

8418114001

8418580001

8418882001

8419601001

8419925001

8420436001

8420703001

8420717001

8421562001

8421562002

8422306001

8422312001

8422473001

9014200008

					
	 	 	 	 	 
	 
	 	Schedule I-22
	 	Loan Sale Agreement

 

 

	 	 	 
	4161865003

4175073003

4188759002

4253512003

4253512004

4262499002

4301127004

4341146001

4341727001

4343612001

4362195003

4403161011

4414493004

4414493005

4414493006

4414755006

4427626005

4441818002

4447255004

4481581005

4494911007

7115291002

7237747002

7329297002
	 	7549190001

7562145001

7572170001

7585318001

7589448001

7602359001

7604839001

8318710003

8320047005

8320047006

8325231003

8329198001

8331830002

8332037003

8372409001

8381166001

8390207001

8390293001

8395190001

8396224001

8401687001

8404021001

8404021002

8418658001

					
	 	 	 	 	 
	 
	 	Schedule I-23
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	2099379003

3001434024

4052582002

4065492009

4111444004

4125966008

4127417003

4132322040

4132322041

4139688068

4139688069

4143575007

4143968006

4144433008

4149010005

4153257003

4156162011

4157645002

4158045002

4158386012

4158386015

4158386016

4158386017

4159185019

4159185020

4165096004

4165404003

4166640006

4167248004

4167890002

4168134008

4168377009

4174082004

4177832003

4182261005

4183504011

4183649007

4183649018

4185589003

4185589004

4187131013

4188132008

4189085020

4189710012

4191295013

4192019004

4193316005

4195080010

4198518002

4201156012

4204401004

4205093002

4206769004

4214005002

4214005003

4216267002

4217601005

4217715083
	 	4221098069

4221131007

4221131008

4221137019

4221888005

4224581004

4224581005

4225151033

4225571003

4231944006

4244039038

4244039039

4245717002

4250037002

4254936002

4255932004

4255932005

4259919019

4260374004

4262745001

4264154002

4264443011

4264443012

4264443013

4265877021

4265890003

4267193005

4270069002

4273620007

4274071003

4274201002

4275124002

4275662003

4275903007

4278364003

4278501002

4283017002

4286554004

4287782002

4288280019

4288280020

4291228003

4291904026

4292640005

4293081001

4293081002

4293081006

4295172007

4295609017

4295670010

4295670012

4295670013

4296703001

4297248002

4297275004

4297834004

4297858005

4298832002
	 	4298832004

4299215011

4299215014

4299648002

4300571004

4302268003

4303149002

4303149003

4303149005

4303166001

4304024001

4304943001

4305735002

4305819004

4306616001

4306870001

4307416007

4308170004

4308179001

4308369001

4309422004

4309528005

4310270002

4310586001

4310629006

4310988014

4311240012

4311718001

4314705004

4315151001

4315496003

4315565001

4316125001

4316406001

4316545001

4316642001

4316642002

4318253001

4318482004

4319869001

4320403001

4321239001

4321665003

4321985001

4322370002

4322674001

4322946006

4323125001

4323220002

4323531001

4323610001

4323630001

4323769002

4323845001

4324054001

4324791001

4325212001

4325424004

					
	 	 	 	 	 
	 
	 	Schedule I-24
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	4326540004

4326636001

4326919001

4327171002

4327563001

4327690001

4328463001

4328785001

4328866001

4329206001

4329292005

4329676010

4329676011

4330180004

4330250001

4330359001

4330770001

4330772001

4330849001

4331563001

4331563002

4331905001

4331905002

4331933001

4331948002

4332329001

4332453002

4332848001

4333061001

4333784001

4334939001

4334992001

4335333004

4335333005

4335333006

4335333007

4335556001

4335873001

4335916005

4336196001

4336528001

4336777001

4338074003

4338481001

4339162001

4339287001

4339850006

4340040003

4340348001

4341707001

4342301004

4342793001

4342943047

4342974007

4343005002

4343055001

4343055004

4343340005

4344921001

4345038003

4345203001

4345544003
	 	4345544004

4345643002

4345839001

4345843005

4345843006

4345843008

4345920003

4346110009

4346825001

4347057001

4347928003

4348105001

4348195002

4348195003

4348491001

4348746001

4348792005

4349165001

4349940001

4350520001

4350775009

4350775010

4350975002

4351933002

4352300002

4352544001

4352791004

4352802001

4352877001

4353006001

4353828001

4354854001

4354998008

4355124001

4355803002

4355875003

4356015001

4356126004

4356222001

4357716002

4357786001

4357932004

4359056001

4359256004

4359540001

4360013008

4360123001

4361093001

4361452009

4364027005

4365371005

4366168004

4366476007

4367464012

4367834002

4368241001

4368885005

4368885006

4370254002

4371104002

4371344004

4371344005
	 	4373034002

4373283009

4375420006

4375420007

4376530002

4376956003

4377910001

4379084006

4381124014

4381196003

4382277002

4383470001

4384453001

4384820008

4385056005

4385148003

4385589006

4385826003

4385849006

4385855005

4386283008

4386283009

4386290001

4386763011

4387235004

4387752002

4387953004

4388821003

4390122003

4390275005

4390275006

4390275007

4391348003

4391440009

4391440010

4392013006

4392013007

4395359005

4396499007

4398720007

4398720008

4398720009

4399147003

4399542003

4399542004

4403696005

4403696006

4404115002

4405388005

4406576003

4406811002

4408293002

4408490009

4408490010

4409198020

4410209007

4410443002

4411207002

4411854003

4413052003

4413194007

4413303003

					
	 	 	 	 	 
	 
	 	Schedule I-25
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	4413303004

4413386003

4413442002

4414804003

4414875003

4414882003

4415152003

4415411005

4415706003

4416836004

4416920004

4417350003

4418230002

4418668001

4419510003

4419511004

4419875004

4420251003

4422856003

4423781003

4425601005

4426110003

4426349003

4427269003

4427269004

4427819003

4431774004

4431774005

4431774006

4431814003

4432035007

4432098007

4432920002

4433327008

4434003006

4434015006

4434587003

4435572015

4435572019

4436482003

4437297002

4438211003

4439037003

4439089003

4440610007

4441833002

4441992008

4442400006

4442761005

4442804005

4442911010

4442911012

4443089008

4443089009

4443106002

4443112001

4443115004

4443115005

4443431005

4443826001

4444944003

4447582004
	 	4448570003

4449238005

4450220005

4452681001

4454354004

4457001002

4457212002

4457690002

4458190005

4460115003

4460115004

4460115005

4460124001

4460477006

4461983001

4462231002

4462603003

4463824001

4464794005

4465093004

4465162002

4465314006

4466285002

4466703001

4467183001

4468796002

4468999001

4469545001

4469607001

4469761003

4470200001

4470799001

4471429022

4472044002

4472046001

4472160001

4472670003

4473089001

4473771001

4473959003

4475851001

4476247002

4476311001

4476565002

4476693002

4476786002

4477374001

4477926001

4478504001

4478519001

4479555003

4480059004

4480287003

4480288003

4480325003

4481529001

4483712001

4484065001

4484618004

4484764003

4484851003

4484851004
	 	4485055001

4485347001

4485677002

4485984004

4486103003

4486336002

4486411002

4487289001

4488447002

4488895001

4488996001

4489052002

4489154004

4489581001

4489704001

4489745002

4490025002

4490565002

4490825002

4491105001

4491861001

4491906002

4492372006

4492372008

4492372009

4492372010

4492377002

4492421004

4493402001

4494610002

4494610004

4496326001

4496461002

4496657001

4497034002

4497191003

4497335002

4497626001

6756668015

6862733031

6904425018

6963865005

6964831010

6972618008

6972618009

6990324011

7054080003

7069476026

7071121032

7114691010

7138579002

7139544008

7167270002

7185120004

7195333002

7201126002

7205306002

7209950003

7214804003

7229456003

7230484002

7235993002

					
	 	 	 	 	 
	 
	 	Schedule I-26
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	7238165002

7250842002

7251376002

7253262009

7254412002

7267654002

7268891003

7268891004

7273492002

7282108002

7283377002

7286218002

7291762002

7296837003

7296898002

7300700002

7301044001

7310811002

7312574003

7314606010

7328145002

7334924002

7342213002

7350249002

7350729002

7350951001

7362387002

7363481006

7363481007

7363481008

7365213002

7366635002

7369082004

7374703002

7375748001

7376311005

7380817003

7385588023

7388655002

7397371003

7397677003

7399547002

7401546008

7403393004

7403603002

7417989003

7419529002

7435354003

7435354005

7444360003

7445337003

7457355001

7457516004

7457637003

7465701001

7466868004

7474198002

7484386003

7487943002

7499053002

7513862003

7521413001
	 	7526910001

7537536001

7547777001

7553838003

7556399001

7559390001

7560946001

7562331001

7564973001

7565655001

7566098001

7566197001

7566321001

7570394001

7570397001

7571786001

7571786002

7572304001

7574230001

7574657001

7575770001

7576851001

7578607001

7578880001

7579375001

7579628001

7580960001

7582192001

7582657001

7582710001

7583464001

7585254001

7585609001

7585618001

7586633001

7587143001

7587382001

7588896001

7589293001

7590614001

7590702002

7591277001

7593005001

7593068001

7593171001

7593504001

7594578001

7594806001

7595382001

7596232001

7597542001

7597763001

7597869001

7598235001

7598386001

7598502001

7599188001

7599291001

7599653001

7599725001

7600180001

7601283001
	 	7601759001

7602417001

7602910001

7603002001

7603513001

7603621001

7603621002

7603831001

7603869002

7603884001

7604125001

7604520001

7604582001

7604681001

7604816001

7605000001

7605313001

7605519001

7605702001

7605743001

7605851001

7605852001

7605997001

7606017001

7606053001

7606103001

7606150001

7606172001

7606237001

7606283001

7606302001

7606458001

7606592001

7606795001

7607067001

7607186001

7607515001

7607521001

7608075001

7608750001

7609656001

7611008001

7611298001

7611485001

7611909001

7611933001

7613023001

7614276001

7614563001

7614926001

7618097001

7621394001

7622851001

7624977001

8318185001

8318427003

8318540001

8319875002

8321001002

8321516006

8321520002

8321778001

					
	 	 	 	 	 
	 
	 	Schedule I-27
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	8323872002

8324208005

8324208006

8324379002

8325184001

8325375002

8325765002

8325921002

8326583001

8326707001

8326715002

8327890002

8328849001

8330063002

8330189002

8330515003

8330886002

8331163011

8331611002

8331769003

8332931003

8333013003

8333081003

8333353002

8333401003

8333429002

8333740008

8334116002

8334501002

8334926004

8334926005

8334978002

8335582003

8337018001

8337698004

8337802001

8338145001

8338537002

8338576002

8339533001

8340332003

8341840001

8342103002

8343012002

8343014001

8343179002

8343325003

8343391002

8344542004

8344736001

8344992001

8345669009

8345866001

8346223002

8346224002

8346226002

8346227002

8346235002

8346798002

8346948001

8347249002

8347294005
	 	8348635001

8349009001

8349643001

8350025003

8350558001

8350665002

8350923002

8351263001

8351265001

8351268001

8351563006

8351563007

8352062008

8352096016

8352104001

8352889001

8352919001

8352919002

8353407001

8354114001

8354201001

8354606003

8355178001

8355265001

8355602002

8355602003

8355602006

8355602007

8355896002

8356508001

8356629012

8356629019

8356629020

8356629021

8356629022

8356629023

8356629024

8356629025

8356630002

8357210001

8357926001

8357963001

8358076001

8358160003

8359045001

8359045002

8359056001

8359056003

8359378001

8359589001

8359728002

8359979001

8360173001

8361727001

8361799001

8362812003

8362909001

8362909002

8363201004

8363244001

8363309001

8363363005
	 	8363458001

8363607001

8363704001

8364037001

8364112001

8364242001

8364490001

8364587001

8364848001

8364889002

8365172003

8365249001

8365339001

8365425001

8365425002

8365460002

8365460005

8365460006

8365824002

8366101001

8366172001

8366436001

8366535007

8366575002

8367289001

8367435001

8367490001

8367543001

8367936001

8368392002

8368691003

8368778001

8369049001

8369176002

8369233001

8369234001

8369234002

8369234003

8369249001

8369249002

8369249003

8369249004

8369249005

8369250001

8369250002

8369250003

8369250004

8369320001

8369360001

8369380003

8369523002

8369720001

8369856001

8369870003

8370126001

8370232002

8370232003

8370475002

8370478001

8370651001

8370713001

8370858001

					
	 	 	 	 	 
	 
	 	Schedule I-28
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	8370874001

8370903001

8370968001

8370969001

8370970001

8370971001

8371029001

8371031001

8371038001

8371039001

8371045001

8371122002

8371608001

8371787002

8372119002

8373029001

8373623001

8373657001

8373721003

8373863001

8374013001

8374367002

8374388002

8374515001

8374520001

8374641001

8375077001

8375200001

8375383001

8375383002

8375523003

8375700002

8375724001

8375727001

8375841003

8376040001

8376040002

8376104002

8376395001

8376512001

8376513001

8376804002

8376804004

8377097002

8377228001

8377381001

8377397002

8377397003

8377397004

8378104001

8378326002

8378434001

8378544001

8378646002

8378951002

8379041001

8379112001

8379118001

8379823001

8379842003

8379842004

8380192003
	 	8381058001

8381081001

8381655004

8381783001

8382602004

8382700001

8382864001

8382912003

8382912004

8382912005

8383022001

8383207003

8383207004

8383207005

8383207006

8383438001

8383605002

8383961002

8384170001

8384501001

8384502001

8384503001

8384632002

8384843002

8385074002

8385188001

8385251002

8385349002

8385763005

8385995002

8386233001

8386540001

8386573001

8386664002

8386695001

8387068001

8387194001

8387326001

8387498001

8387654002

8387810002

8387856002

8387871001

8387887002

8387943003

8388466002

8388784001

8388896001

8388896002

8388902001

8389276001

8389320001

8389463001

8389475001

8389647001

8389887001

8389909002

8389941001

8389956001

8389993001

8390068001

8390150001
	 	8390354001

8390378001

8390378002

8390638001

8390651001

8390651002

8390668001

8390728012

8390728014

8390753002

8390782001

8390801001

8390904007

8390984001

8391015001

8391093002

8391150002

8391188001

8391247001

8391317001

8391335002

8391579001

8391642002

8391738001

8391937001

8391988001

8392009001

8392128001

8392248001

8392433002

8392455001

8392462001

8392991001

8393054001

8393067001

8393089001

8393297001

8393577001

8393621001

8394045001

8394049001

8394049002

8394185001

8394229001

8394284001

8394358001

8394358002

8394384001

8394407002

8394455001

8394514001

8394549001

8394571001

8394625001

8394772002

8394859002

8394859003

8394859004

8395048001

8395057001

8395126001

8395130001

					
	 	 	 	 	 
	 
	 	Schedule I-29
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	8395328001

8395355001

8395688002

8395705001

8395760002

8395817001

8395973001

8396070001

8396088001

8396277002

8396320002

8396327001

8396404001

8396619001

8396620001

8396628001

8396744001

8396929001

8396996001

8397067001

8397099001

8397163001

8397218002

8397297001

8397330001

8397613001

8397627001

8397704002

8397933001

8397935001

8397942002

8398076001

8398113001

8398127001

8398146001

8398222001

8398222002

8398222003

8398222004

8398231001

8398231002

8398301001

8398723001

8398735001

8398750001

8398784001

8398934001

8398934002

8398934003

8398934004

8399056001

8399056002

8399108001

8399157001

8399389001

8399447001

8399653001

8399671001

8399709001

8399766002

8399824001

8399845001
	 	8399906002

8399906003

8399972001

8400409001

8400411001

8400411002

8400429002

8400464001

8400515002

8400542001

8400664001

8400849001

8400849003

8400849004

8401183001

8401295001

8401598001

8401663001

8401752001

8401752002

8401919001

8402010001

8402022001

8402097001

8402169001

8402187001

8402231001

8402449001

8402462001

8402539001

8402547001

8402604001

8402609001

8402629001

8402675001

8402675002

8402691001

8402749001

8402835001

8402925001

8402952001

8402979001

8402998001

8403047002

8403092001

8403189001

8403266001

8403309001

8403330001

8403395001

8403408001

8403415001

8403443002

8403513001

8403524001

8403572001

8403614001

8403618001

8403633001

8403635001

8403647001

8403693001
	 	8403833001

8403833003

8403895001

8403950001

8403962001

8404039001

8404054001

8404063001

8404091001

8404142001

8404220001

8404319001

8404319002

8404454001

8404460001

8404609001

8404621001

8404630001

8404796001

8404891001

8404907001

8404936001

8404970001

8404970002

8405006002

8405029001

8405052001

8405114001

8405129001

8405178001

8405206001

8405216001

8405237002

8405237003

8405237004

8405279001

8405285001

8405362001

8405399001

8405464001

8405465001

8405508001

8405520001

8405578001

8405581001

8405660003

8405704001

8405709001

8405715002

8405739001

8405765001

8405770001

8405826001

8405837001

8405849001

8405869001

8405871001

8405874001

8405940001

8405966001

8405967001

8406012001

					
	 	 	 	 	 
	 
	 	Schedule I-30
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	8406015001

8406066001

8406097001

8406099001

8406101001

8406147001

8406155001

8406183001

8406209001

8406217001

8406234001

8406241001

8406254001

8406284001

8406284002

8406311001

8406369001

8406371001

8406557001

8406648001

8406677001

8406677002

8406717001

8406718001

8406760001

8406760002

8406853001

8406859001

8406866001

8406895001

8406952001

8407040001

8407086001

8407100001

8407104001

8407118002

8407135001

8407158001

8407186001

8407208001

8407240001

8407241001

8407246001

8407283001

8407302001

8407317001

8407322001

8407361001

8407371001

8407376001

8407399001

8407409001

8407433001

8407436001

8407482001

8407535001

8407564002

8407592002

8407602001

8407603001

8407606001

8407635001
	 	8407669001

8407694002

8407711001

8407712001

8407729001

8407791001

8407805001

8407834001

8407878001

8407899001

8407967001

8408330001

8408381001

8408431001

8408449001

8408452001

8408593001

8408609001

8408617001

8408701001

8408787001

8408797001

8408801001

8408874001

8408897001

8408920001

8408948001

8408948002

8409011001

8409028001

8409102001

8409111001

8409147001

8409158001

8409199001

8409251001

8409263001

8409282001

8409304001

8409396001

8409461001

8409462001

8409462004

8409463001

8409476001

8409494001

8409538001

8409595001

8409603001

8409669001

8409703001

8409713001

8409765001

8409790001

8409806001

8409962001

8409993001

8410051001

8410051003

8410148001

8410164001

8410239001
	 	8410282001

8410388001

8410398001

8410486001

8410549001

8410555001

8410568001

8410594001

8410594002

8410614001

8410681001

8410715001

8410795001

8410861002

8411125001

8411140001

8411145001

8411250001

8411278001

8411345001

8411398001

8411399001

8411424001

8411424002

8411769001

8411787001

8411805001

8411849001

8411867001

8412168001

8412187001

8412190001

8412199001

8412270001

8412285001

8412285002

8412459001

8412473001

8412498001

8412498002

8412693001

8412885001

8413081001

8413139001

8413200001

8413434001

8413517001

8413539001

8413581001

8413585001

8413585002

8413774001

8413805001

8413823001

8413952001

8413954001

8413975001

8414060001

8414305001

8414332001

8414338001

8414378001

					
	 	 	 	 	 
	 
	 	Schedule I-31
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	8414391001

8414440001

8414459001

8414515001

8414613001

8414655001

8414958001

8415070001

8415235001

8415242001

8415242002

8415454001

8415929002

8416007001

8416070001

8416075001

8416178001

8416183001

8416201001

8416220001

8416338001

8416363001

8416478001

8416484001

8416514001

8416536001

8416562001

8416601001

8416736001

8416794001

8416807001

8416836001

8416969001

8416979001

8417035001

8417309001
	 	8417404001

8417526001

8417569001

8417632001

8417676001

8417902001

8418086001

8418090001

8418133001

8418135001

8418218001

8418255001

8418305001

8418319001

8418397001

8418662001

8418843001

8418878001

8418986001

8419327001

8419488001

8419584001

8419703001

8419745001

8419764001

8419776001

8419888002

8419942001

8419958001

8419975001

8419980001

8420043001

8420046001

8420067001

8420284001

8420292001
	 	8420339001

8420374001

8420408001

8420468001

8420533001

8420689001

8420883001

8420951001

8421085001

8421141001

8421509001

8421757001

8421845001

8421908001

8421950001

8421966001

8422283001

8422300001

8422373001

8422451001

8422479001

8422480001

8422486001

8422513001

8423517001

8424109001

8424439001

8424894001

9012224009

9022796005

9023138004

9025260003

9030297008

9050365005

					
	 	 	 	 	 
	 
	 	Schedule I-32
	 	Loan Sale Agreement

 

 

	 	 	 	 	 
	2099576005

4246011002

4285300005

4291656002

4304206001

4305439001

4313352001

4313352002

4318430001

4349529001

4411683003

4411683004

4418131001

4455264001

4457695033

4457695034

4457695035

4457695036

4470107002

4481586001

4481586003

4483559001

4484598001

4494463001

4497215001

4497855001

4497855002

4499730001

8319468001

8322910001
	 	8332530001

8334677004

8340347003

8343625001

8343791001

8344565007

8345886001

8346978001

8346978002

8347839001

8348559001

8350927001

8352099001

8352099002

8355834001

8356723001

8356723002

8356723003

8357426001

8361559003

8361862001

8362755001

8367676001

8376342001

8376598001

8377837001

8377955001

8378113001

8382659001

8383282001
	 	8383317001

8385183001

8385807001

8387071001

8389620001

8389938001

8392438001

8392875001

8392875002

8395041001

8395716001

8397308001

8397439001

8397748001

8398211001

8400875001

8402745001

8403756001

8404605001

8405726001

8405761001

8405909001

8406108001

8407081001

8408321001

8410952001

8412586001

8413176001

8418521001

8418619001

					
	 	 	 	 	 
	 
	 	Schedule I-33
	 	Loan Purchase and Sale Agreement

 

 

Exhibit 4.2(f)

SEPARATE IDENTITY PROVISIONS

     The Purchaser, GECS, GE Capital and the Seller have and will continue (in each case, to the
extent within its control) to maintain the Purchaser’s separate existence and identity and have and
will continue to take all steps necessary to make it apparent to third parties that the Purchaser
is an entity with assets and liabilities distinct from those of the Seller, GE Capital or GECS or
any other Subsidiary or Affiliate of the Seller, GE Capital or GECS. In addition to the foregoing,
such steps and indicia of the Purchaser’s separate identity include the following:

     (a) The Purchaser does and will maintain its own stationery and other business forms separate
from those of any other Person (including the Seller, GE Capital and GECS), and will conduct
business in its own name except that certain Persons may act on behalf of the Purchaser as agents;

     (b) The Purchaser maintains and will maintain separate office space of its own as part of its
operations, although such space is in a building shared with GE Capital. The corporate records,
the other books and records, and the other assets of the Purchaser are and will be segregated from
the property of the Seller and GECS, respectively;

     (c) GECS and/or GE Capital will issue consolidated financial statements, which financial
statements will not show Purchaser Assets that have been sold by the Seller to the Purchaser as
assets of the Seller and its consolidated subsidiaries. The Seller, GECS, GE Capital and the
Purchaser will take certain actions to disclose publicly the Purchaser’s separate existence and the
transactions contemplated hereby, including through the filing of the UCC Financing Statements.
None of the Seller, GECS, GE Capital or the Purchaser has concealed or will conceal from any
interested party any transfers contemplated by the Related Documents;

     (d) The Purchaser will not have its own employees, and, as indicated, the Purchaser’s business
relating to the Purchaser Assets may be conducted through the agents. However, any allocations of
direct, indirect or overhead expenses for items shared between the Purchaser, GE Capital or GECS
that are not included as part of the Servicing Fee are and will be made among such entities to the
extent practical on the basis of actual use or value of services rendered and otherwise on a basis
reasonably related to actual use or the value of services rendered;

     (e) Except as provided in paragraph (d) above regarding the allocation of certain
shared overhead items, the Purchaser does and will pay its own operating expenses and liabilities
from its own funds, except GECS did and will pay all expenses of the Purchaser incurred in
connection with the transactions entered into pursuant to the Related Documents, including those
related to the Purchaser’s organization;

     (f) Each of the Seller, GECS, GE Capital and the Purchaser does and will maintain its assets
and liabilities in such a manner that it is not costly or difficult to segregate, ascertain or
otherwise identify the Purchaser’s individual assets and liabilities from those of the Seller,
GE Capital or GECS or from those of any other person or entity, including any other Subsidiary or
Affiliate of the Seller, GE Capital or GECS. Except as set forth below, the Purchaser does and
will maintain its own books of account and corporate records separate from the Seller, GE

					
	 	 	 	 	 
	 
	 	Exhibit 4.2(f)-1
	 	Loan Purchase and Sale Agreement

 

 

Capital and GECS or any other Subsidiary or Affiliate of the Seller, GE Capital and GECS.
Monetary transactions, including those with each other, are and will continue to be properly
reflected in their respective financial records. The Purchaser does not and will not commingle or
pool its funds or other assets or liabilities with those of the Seller, GE Capital or GECS or any
other Subsidiary or Affiliate of the Seller, GE Capital or GECS except as specifically provided in
the Related Documents with respect to the temporary commingling of Collections and with respect to,
if applicable, any such Person’s retention, in their capacity as agent or Custodian for the
Purchaser, of the books and records pertaining to the Purchaser Assets. However, any such agent or
Custodian will not generally make the books and records relating to the Purchaser Assets available
to any of creditors or other interested Persons of the Purchaser, the Seller, GE Capital or GECS.
The Purchaser does not and will not maintain joint bank accounts or other depository accounts to
which the Seller, GE Capital or GECS or any other Subsidiary or Affiliate of the Seller, GE Capital
or GECS (other than in their capacity as agent for the Purchaser, if applicable) has independent
access;

     (g) The Purchaser will strictly observe corporate formalities, and the Seller, GE Capital and
GECS will strictly observe corporate formalities with respect to its dealings with the Purchaser.
Specifically, no transfer of assets between any of the Seller, GE Capital and GECS, on the one
hand, and the Purchaser, on the other, will be made without adherence to corporate formalities;

     (h) The transactions among the Purchaser and the Seller, GE Capital or GECS, including the
terms governing any servicer advances and the amount and payment of the servicing fee, are on terms
and conditions that are consistent with those of arm’s-length relationships. None of the Seller,
GE Capital or GECS is or will be, or holds or will hold itself out to be, responsible for the debts
of the Purchaser, except as provided in: the representations made by GE Capital (including, if
applicable, as a servicer or a sub-servicer) to the Purchaser relating to the Purchaser Assets and
their prior ownership and servicing thereof. The Purchaser will not guaranty the debts of the
Seller, GE Capital or GECS;

     (i) All distributions made by the Purchaser to Seller as its sole member shall be in
accordance with applicable law;

     (j) Any other transactions between the Purchaser and the Seller, GE Capital or GECS permitted
by (although not expressly provided for in) the Related Documents have been and will be fair and
equitable to each of the parties, have been and will be the type of transaction that would be
entered into by a prudent Person or entity, and have been and will be on terms that are at least as
favorable as may be obtained from a third party Person; and

     (k) The Purchaser is not named, or has entered into any agreement to be named, directly or
indirectly, as a direct or contingent beneficiary or loss payee on any insurance policy covering
the assets of the Seller, GE Capital or GECS.

* * * * * *

					
	 	 	 	 	 
	 
	 	Exhibit 4.2(f)-2
	 	Loan Purchase and Sale Agreement

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE I DEFINITIONS AND INTERPRETATION	 	 	1	 
	 	 	 	 	 
	 	 	 	 
	Section 1.1	 	Definitions
	 	 	1	 
	Section 1.2	 	Rules of Construction
	 	 	1	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE II SALES OF PURCHASER ASSETS	 	 	1	 
	 	 	 	 	 
	 	 	 	 
	Section 2.1	 	Sale of Loans
	 	 	1	 
	Section 2.2	 	Grant of Security Interest; Subordination
	 	 	2	 
	Section 2.3	 	Sale Price
	 	 	4	 
	Section 2.4	 	Removal of Loans
	 	 	4	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE III CONDITIONS PRECEDENT	 	 	4	 
	 	 	 	 	 
	 	 	 	 
	Section 3.1	 	Conditions to Sale
	 	 	4	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE IV REPRESENTATIONS, WARRANTIES AND COVENANTS	 	 	5	 
	 	 	 	 	 
	 	 	 	 
	Section 4.1	 	Representations and Warranties of the Seller
	 	 	5	 
	Section 4.2	 	Affirmative Covenants of the Seller
	 	 	7	 
	Section 4.3	 	Negative Covenants of the Seller
	 	 	8	 
	Section 4.4	 	Perfection Representations and Warranties
	 	 	9	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE V INDEMNIFICATION	 	 	9	 
	 	 	 	 	 
	 	 	 	 
	Section 5.1	 	Indemnification
	 	 	9	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE VI CLEAN-UP CALL	 	 	10	 
	 	 	 	 	 
	 	 	 	 
	Section 6.1	 	Clean-up Call
	 	 	10	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE VII MISCELLANEOUS	 	 	10	 
	 	 	 	 	 
	 	 	 	 
	Section 7.1	 	Notices
	 	 	10	 
	Section 7.2	 	No Waiver; Remedies
	 	 	11	 
	Section 7.3	 	Successors and Assigns
	 	 	12	 
	Section 7.4	 	Termination; Survival of Obligations
	 	 	12	 
	Section 7.5	 	Complete Agreement; Modification of Agreement
	 	 	12	 
	Section 7.6	 	Amendments and Waivers
	 	 	12	 
	Section 7.7	 	GOVERNING LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL
	 	 	13	 
	Section 7.8	 	Counterparts
	 	 	14	 
	Section 7.9	 	Severability
	 	 	14	 
	Section 7.10
	 	Section Titles
	 	 	14	 
	Section 7.11
	 	No Setoff
	 	 	14	 
	Section 7.12
	 	Confidentiality
	 	 	14	 
	Section 7.13
	 	Further Assurances
	 	 	14	 
	Section 7.14
	 	Accounting Changes
	 	 	15	 

 

 

TABLE OF CONTENTS

(continued)

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 	 	 
	 	 	 	 
	Schedule 4.1(b)	 	UCC Information
	 	 	 	 
	Schedule 4.4	 	Perfection Representations, Warranties and Covenants
	 	 	 	 
	 	 	 
	 	 	 	 
	Schedule I	 	Schedule of CEF Loans
	 	 	 	 
	 	 	 
	 	 	 	 
	Exhibit 4.2(f)	 	Separate Identity Provisions
	 	 	 	 
	 	 	 
	 	 	 	 
	Annex A	 	Definitions and Interpretations
	 	 	 	 

					
	 
	 	-ii-
	 	Loan Purchase and Sale Agreement

 

 

ANNEX A

to

LOAN PURCHASE AND SALE AGREEMENT

dated as of

September 11, 2009

					
	 	 	 	 	 
	 
	 	 	 	Annex A to

Loan Purchase and Sale Agreement

 

 

DEFINITIONS AND INTERPRETATION

     SECTION 1. Definitions and Conventions. Capitalized terms used in the Purchase and
Sale Agreement shall have (unless otherwise provided elsewhere therein) the following respective
meanings:

     “Accounting Changes” means, with respect to any Person, an adoption of GAAP different
from such principles previously used for reporting purposes by such Person as defined in the
Accounting Principles Board Opinion Number 20.

     “Administration Agreement” means the Administration Agreement, dated as of September
11, 2009, between the Administrator and the Issuer.

     “Administrator” means GE Capital, in its capacity as Administrator under the
Administration Agreement, or any other Person designated as a successor administrator.

     “Adverse Claim” means any claim of ownership or any Lien, other than any ownership
interest or Lien created under the Loan Sale Agreement or the Purchase and Sale Agreement, any Lien
created under the Indenture or any Permitted Encumbrances.

     “Affiliate” means, with respect to any Person, (a) each Person that, directly or
indirectly, owns or controls, whether beneficially, or as a trustee, guardian or other fiduciary,
five percent (5%) or more of the stock having ordinary voting power in the election of directors of
such Person, (b) each Person that controls, is controlled by, or is under common control with such
Person, or (c) each of such Person’s officers, directors, joint venturers and partners. For the
purposes of this definition, “control” of a Person means the possession, directly or indirectly, of
the power to direct or cause the direction of its management or policies, whether through the
ownership of voting securities, by contract or otherwise.

     “Annual Percentage Rate” or “APR” of a Loan means, the interest rate or annual
rate of finance charges stated in or, if not explicitly stated, the implicit finance charge used by
the Servicer to calculate periodic payments with respect to the related Loan.

     “Appendices” means, with respect to any Related Document, all exhibits, schedules,
annexes and other attachments thereto, or expressly identified thereto.

     “Bankruptcy Code” means the provisions of Title 11 of the United States Code, 11
U.S.C. §§ 101 et seq.

     “Business Day” means any day that is not a Saturday, a Sunday or a day on which banks
are required or permitted to be closed in the State of New York or the State of Connecticut.

     “CEF Limited Liability Company Agreement” means the Second Amended & Restated Limited
Liability Company Agreement of the Seller dated as of September 25, 2003, as the same may be
amended and supplemented from time to time.

     “Class C Maturity Date” is defined in the Indenture.

					
	 	 	 	 	 
	 
	 	 	 	Annex A to

Loan Purchase and Sale Agreement

 

 

     “Closing Date” means September 11, 2009.

     “Collateral” is defined in the Indenture.

     “Collection Account” is the account designated as such, established and owned by the
Issuer.

     “Collection Period” means, with respect to any Payment Date, the calendar month
preceding the month in which the Payment Date occurs (or, if for the first Payment Date, the period
from and including the day after the Cut-off Date to and including the last day of the calendar
month preceding the calendar month in which the first Payment Date occurs).

     “Collections” means, with respect to any Payment Date all payments made by or on
behalf of the Obligors received during the related Collection Period, any Recoveries received
during the related Collection Period, any proceeds from insurance policies covering the Equipment
or related Obligor received during the related Collection Period. Liquidation Proceeds received
during the related Collection Period, and payments made by a lessee pursuant to its obligation (if
any) to pay the Termination Value pursuant to the related Loan received during the related
Collection Period; provided, that “Collections” for the first Collection Period shall
exclude interest accrued before August 31, 2009.

     “Consumer Contract” is defined in the Loan Sale Agreement.

     “Credit and Collection Policies” or “Credit and Collection Policy” means the
policies, practices and procedures adopted by the Issuer on the Closing Date for providing
equipment loans secured by transportation equipment, industrial equipment, construction equipment,
maritime assets, printing presses, furniture and fixtures, technology and telecommunications
equipment or other equipment, including the policies and procedures for determining the
creditworthiness of Obligors and the extension of credit to Obligors, or relating to the
maintenance of such types of loans and collections on such types of loans.

     “Cut-off Date” is defined in the Loan Sale Agreement.

     “Deemed Collateral” is defined in Section 2.2(a)(i) of the Purchase and Sale
Agreement.

     “Deemed Loan” is defined in Section 2.2(a) of the Purchase and Sale Agreement.

     “Delinquent Loan” means (i) any Loan that is more than 60 days past due and (ii) any
Loan more than 30 days past due and for which the Servicer on behalf of the Purchaser has at any
time after the Cut-off Date extended the due date for a Scheduled Payment thereon.

     “Defaulted Loan” means a Loan with respect to which (i) the Servicer on behalf of the
Purchaser has repossessed the Equipment securing such Loan and which is not a Liquidated Loan or
(ii) any portion of the Loan Value is deemed uncollectible in accordance with the Credit and
Collection Policy.

					
	 	 	 	 	 
	 
	 	2
	 	Annex A to

Loan Purchase and Sale Agreement

 

 

     “Eligible Loan” means as to each Purchaser Asset as of the Closing Date:

     (i) Characteristics of Purchaser Assets. Each Purchaser Asset: (A) was either
originated in the United States of America by GE Capital, GECITS, VFS or IFS, as applicable
in connection with the financing or lease of Equipment in the ordinary course of business of
GE Capital, GECITS, VFS or IFS, as applicable or acquired by GE Capital, GECITS, VFS or IFS,
as applicable in the ordinary course of its business, and, in each case, was fully and
properly executed by the parties thereto, (B) has created a valid, subsisting and
enforceable first priority security interest (except to the extent the Equipment secures any
loan that is cross-collateralized with such Purchaser Asset) in the Equipment in favor of GE
Capital, GECITS, VFS or IFS, as applicable, that, as of the Closing Date, has been assigned
by GE Capital, GECITS, VFS or IFS, as applicable, to Seller, and by Seller to Purchaser and
(C) contains customary and enforceable provisions such that the rights and remedies of the
holder thereof are adequate for realization against the collateral of the benefits of the
security.

     (ii) Schedule of Purchaser Assets. The information set forth on Schedules
I, II , III and IV of the Loan Sale Agreement is true and correct in all material
respects as of the opening of business on the Cut-off Date and no selection procedures
believed by Seller to be adverse to the interests of the Purchaser were utilized in
selecting the Purchaser Assets. The computer tape regarding the Purchaser Assets made
available to Purchaser and its assigns is true and correct in all respects.

     (iii) Compliance with Law. Each Purchaser Asset and the sale or lease of the
related Equipment complied in all material respects at the time it was originated or made
and at the execution of this Agreement with all requirements of applicable Federal, State
and local laws and regulations thereunder.

     (iv) Binding Obligation. Each Purchaser Asset represents the genuine, legal,
valid and binding payment obligation in writing of the Obligor, enforceable by the holder
thereof in accordance with its terms.

     (v) No Government Obligor. None of the Purchaser Assets is due from the
United States of America or any State or from any agency, department or instrumentality of
the United States of America or any State.

     (vi) Security Interest in the Equipment. Immediately prior to the sale,
assignment and transfer thereof, each Purchaser Asset shall be secured by a validly
perfected first priority security interest in the Equipment (except to the extent the
Equipment secures any loan that is cross-collateralized with such Purchaser Asset) in favor
of GE Capital, GECITS, VFS or IFS, as applicable, as secured party or all necessary and
appropriate actions have been commenced that would result in the valid perfection of a first
priority security interest in the Equipment in favor of GE Capital, GECITS, VFS or IFS, as
applicable, as secured party.

					
	 	 	 	 	 
	 
	 	3
	 	Annex A to

Loan Purchase and Sale Agreement

 

 

     (vii) Purchaser Assets in Force. No Purchaser Asset has been satisfied,
subordinated or rescinded, nor has any Equipment been released from the Lien granted by the
related Purchaser Asset in whole or in part.

     (viii) No Amendment or Waiver. No provision of a Purchaser Asset has been
waived, altered or modified in any respect, except pursuant to a document, instrument or
writing included in the Loan Files and no such amendment, waiver, alteration or modification
causes such Purchaser Asset not to be an Eligible Loan.

     (ix) No Defenses. No right of rescission, setoff, counterclaim or defense has
been asserted or threatened or exists with respect to any Purchaser Asset.

     (x) Lawful Assignment. No Purchaser Asset has been originated in, or is
subject to the laws of, any jurisdiction under which the sale, transfer and assignment of
such Purchaser Asset or any Purchaser Asset under this Agreement would be unlawful.

     (xi) All Filings Made. All filings (including UCC filings) necessary in any
jurisdiction to give Purchaser a first priority perfected ownership interest in the
Purchaser Assets have been made (except to the extent the Equipment secures any loan that is
cross-collateralized with such Purchaser Asset).

     (xii) One Original. There is only one original executed copy of each
Purchaser Asset.

     (xiii) Insurance. The Obligor on each Purchaser Asset is required to maintain
physical damage insurance covering the Equipment in accordance with the GE Capital’s normal
requirements.

     (xiv) No Bankruptcies. No Obligor on any Purchaser Asset as of the Cut-off
Date was noted in the related Loan File as being the subject of a bankruptcy proceeding.

     (xv) No Repossessions. None of the Equipment securing any Purchaser Asset is
in repossession status.

     (xvi) Instrument or Chattel Paper. Each Purchaser Asset constitutes an
“instrument” or “chattel paper” as defined in the UCC of each State the law of which governs
the perfection of the interest granted in it and/or the priority of such perfected interest.

     (xvii) U.S. Obligors. None of the Purchaser Assets is denominated and payable
in any currency other than United States Dollars or is due from any Person that does not
have a mailing address in the United States of America.

     (xviii) No Delinquent Loan. None of the Purchaser Assets is more than 30 days
past due.

     (xix) No Consumer Contract. None of the Purchaser Assets constitutes a
Consumer Contract.

					
	 	 	 	 	 
	 
	 	4
	 	Annex A to

Loan Purchase and Sale Agreement

 

 

     (xx) Finance Lease. Each Purchaser Asset qualifies as a finance lease under
the UCC and the terms of such Purchaser Asset provides that, by the end of the lease term,
the lessee may elect to purchase the related Equipment upon the exercise of a nominal
purchase option.

     “Equipment” means any transportation equipment, industrial equipment, construction
equipment, maritime assets, printing presses, furniture and fixtures, technology and
telecommunications equipment or other equipment, together with all accessions thereto securing an
Obligor’s indebtedness under the such Obligor’s Loan.

     “Event of Default” is defined in Section 5.1 of the Indenture.

     “Federal Reserve Board” means the Board of Governors of the Federal Reserve System.

     “GAAP” means generally accepted accounting principles in the United States of America
as in effect on the Closing Date, modified by Accounting Changes as GAAP is further defined in
Section 2(a) of this Annex A.

     “GE Capital” means General Electric Capital Corporation, a Delaware corporation or any
successors or assigns thereto.

     “GECITS” means GE Capital Information Technology Solutions, Inc., a California
corporation and any successors and assigns thereto.

     “GECS” means General Electric Capital Services, Inc., a Delaware corporation or any
successors or assigns thereto.

     “Governmental Authority” means any nation or government, any state, county, city,
town, district, board, bureau, office, commission, any other municipality or other political
subdivision thereof (including any educational facility, utility or other Person operated thereby),
and any agency, department or other entity exercising executive, legislative, judicial, regulatory
or administrative functions of or pertaining to government.

     “IFS” means Imaging Financial Services, Inc., a Delaware corporation and any
successors and assigns thereto.

     “Indemnified Amounts” means, with respect to any Person, any and all suits, actions,
proceedings, claims, damages, losses, liabilities and expenses (including reasonable attorneys’
fees and disbursements and other costs of investigation or defense, including those incurred upon
any appeal).

     “Indenture” means the Indenture, dated September 11, 2009, between the Purchaser and
the Indenture Trustee, as the same may be amended and supplemented from time to time.

     “Indenture Trustee” means Deutsche Bank Trust Company Americas, not in its individual
capacity but solely as Indenture Trustee under the Indenture, or any successor Indenture Trustee
under the Indenture.

					
	 	 	 	 	 
	 
	 	5
	 	Annex A to

Loan Purchase and Sale Agreement

 

 

     “Investment Company Act” means the provisions of the Investment Company Act of 1940,
15 U.S.C. §§ 80a et seq., and any regulations promulgated thereunder.

     “Issuer” means GE Equipment Midticket LLC, Series 2009-1, a Delaware limited liability
company, until a successor replaces it and, thereafter, means the successor and, for purposes of
any provision contained in the Indenture and required by the Trust Indenture Act of 1939, each
other obligor on the Notes.

     “Issuer Limited Liability Company Agreement” means the Limited Liability Company
Agreement of the Purchaser, dated as of September 11, 2009, among the Managing Member and the
Issuer, as the same may be amended or supplemented from time to time.

     “Lien” means a security interest (as such term is defined in Section 1-201 of Article
1 of the UCC), lien, charge, pledge, equity or encumbrance of any kind, other than tax liens,
mechanics’ liens and any liens that attach to the related Loan by operation of law as a result of
any act or omission by the related Obligor.

     “Liquidated Loan” means any Loan (i) liquidated through the sale or other disposition
of all or a portion of the related Equipment or (ii) that has been charged off in its entirety in
accordance with the Credit and Collection Policy without realizing upon the Equipment.

     “Liquidation Proceeds” means, with respect to any Liquidated Loan, the amounts
collected in respect thereof from whatever source (including the proceeds of insurance policies
with respect to the related Equipment or Obligor) during the Collection Period in which it became a
Liquidated Loan, net of the sum of any amounts expended in connection with such liquidation and any
amounts required by law to be remitted to the Obligor on such Liquidated Loan or any creditor of
such Obligor to the extent required by applicable law or agreement.

     “Litigation” means, with respect to any Person, any action, claim, lawsuit, demand,
investigation or proceeding pending or threatened against such Person before any court, board,
commission, agency or instrumentality of any federal, state, local or foreign government or of any
agency or subdivision thereof or before any arbitrator or panel of arbitrators.

     “Loan” means any loan included in Schedule of Loans and any agreement (including any
invoice) pursuant to, or under which, an Obligor shall be obligated to make payments with respect
to any Loan.

     “Loan Sale Agreement” means the Loan Sale Agreement, dated as of September 11, 2009,
among GE Capital, GECITS, VFS, IFS and the Seller, as the same may be amended or supplemented from
time to time.

     “Loan Files” is defined in Section 2.1 of the Purchase and Sale Agreement.

     “Loan Value” means, for any Loan that is not a Liquidated Loan or Defaulted Loan on
any day (including the Cut-off Date) (A) with respect to Precomputed Loans, (i) the present value
of the future Scheduled Payments discounted monthly at its APR plus (ii) the principal amount of
any past due payments plus (iii) the unamortized amounts of any purchase premiums minus (iv) the
unamortized amounts of any purchase discounts, and (B) with respect to Simple

					
	 	 	 	 	 
	 
	 	6
	 	Annex A to

Loan Purchase and Sale Agreement

 

 

Interest Loans, (i) the balance reflected on the Servicer’s records plus (ii) the unamortized
amounts of any purchase premiums minus (iii) the unamortized amounts of any purchase discounts.
Liquidated Loans shall be deemed to have a Loan Value of zero and Defaulted Loans on any day shall
be deemed to have a Loan Value equal to the outstanding Loan Value on such day computed in
accordance with clauses (A) or (B) above, as applicable, less the amount written off as
uncollectible in accordance with the Credit and Collection Policy.

     “Managing Member” means CEF Equipment Holding, L.L.C., a Delaware limited liability
company or any successor Managing Member under the Issuer Limited Liability Company Agreement.

     “Material Adverse Effect” means, with respect to any Person, a material adverse effect
on (a) the business, assets, liabilities, operations, prospects or financial or other condition of
such Person, (b) the ability of such Person to perform any of its obligations under the Related
Documents in accordance with the terms thereof, (c) the validity or enforceability of any Related
Document or the rights and remedies of such Person under any Related Document or (d) the Loans, as
applicable, therefor, any interest related thereto or the ownership interests or Liens of such
Person thereon or the priority of such interests or Liens.

     “Notes” means the notes issued under the Indenture.

     “Obligor” means, as to each Loan, any Person who owes payments under the Loan.

     “Option Price” is defined in Section 2.4(a) of the Purchase and Sale
Agreement.

     “Other Assets” is defined in Section 2.2(a)(ii)(A) of the Purchase and Sale
Agreement.

     “Payment Date” means, with respect to each Collection Period, the 15th day
of the calendar month following the end of that Collection Period, or, if such day is not a
Business Day, the next Business Day, commencing on October 15, 2009.

     “Permitted Encumbrances” means the following encumbrances: (a) Liens for taxes or
assessments or other governmental charges not yet due and payable; (b) pledges or deposits
securing obligations under workmen’s compensation, unemployment insurance, social security or
public liability laws or similar legislation; (c) pledges or deposits securing bids, tenders,
contracts (other than contracts for the payment of money) or leases to which the Seller or any
Affiliate thereof is a party as lessee made in the ordinary course of business; (d) deposits
securing statutory obligations of the Seller or any Affiliate thereof; (e) inchoate and unperfected
workers’, mechanics’, suppliers’ or similar Liens arising in the ordinary course of business; (f)
carriers’, warehousemen’s or other similar possessory Liens arising in the ordinary course of
business and securing liabilities in an outstanding aggregate amount not in excess of $100,000 at
any one time; (g) deposits securing, or in lieu of, surety, appeal or customs bonds in proceedings
to which the Seller or any Affiliate thereof is a party; (h) any attachment or judgment Lien not
constituting an Event of Default; (i) presently existing or hereinafter created Liens in favor of
the Purchaser or the Indenture Trustee; and (j) presently existing or hereinafter created Liens on
personal property or Equipment which are subordinate to or pari passu with the
Liens in favor of the Purchaser or the Indenture Trustee.

					
	 	 	 	 	 
	 
	 	7
	 	Annex A to

Loan Purchase and Sale Agreement

 

 

     “Person” means any individual, sole proprietorship, partnership, joint venture,
unincorporated organization, trust, association, corporation (including a business trust), limited
liability company, institution, public benefit corporation, joint stock company, or government or
any agency or political subdivision thereof, or any other entity of whatever nature.

     “Pool Balance” means, with respect to the beginning of any calendar month, the sum of
the aggregate Loan Values of the Loans at the opening of business on the first day of such calendar
month.

     “Precomputed Loan” means any Loan under which the portion of a payment allocable to
earned interest (which may be referred to in the related Loan as an add-on finance charge) and the
portion allocable to principal are determined according to the sum of periodic balances, the sum of
monthly payments or any equivalent method or are monthly actuarial loans.

     “Purchase Amount” means, as of the close of business on the last day of a Collection
Period, an amount equal to the Loan Value of the applicable Loan, as of the first day of the
immediately following Collection Period (or, with respect to any applicable Loan that is a
Liquidated Loan, as of the day immediately prior to such Loan becoming a Liquidated Loan less any
Liquidation Proceeds actually received by the Purchaser) plus interest accrued and unpaid thereon
as of such last day at a rate per annum equal to the APR for such Loan.

     “Purchase and Sale Agreement” means the Loan Purchase and Sale Agreement, dated as of
September 11, 2009, between the Seller and the Purchaser, as the same may be amended or
supplemented from time to time.

     “Purchase Option” is defined in Section 2.4(a) of the Purchase and Sale
Agreement

     “Purchase Option Notice” is defined in Section 2.4(b) of the Purchase and Sale
Agreement

     “Purchaser” is defined in the preamble to the Purchase and Sale Agreement.

     “Purchaser Assets” is defined in Section 2.1(a) of the Purchase and Sale
Agreement.

     “Purchaser Indemnified Person” is defined in Section 5.1 of the Purchase and
Sale Agreement.

     “Purchaser Purchase Price” is defined in Section 2.3 of the Purchase and Sale
Agreement.

     “Rating Agency” means each of Fitch and Moody’s. If any of such organizations or its
successor is no longer in existence, the Issuer shall designate a nationally recognized statistical
rating organization or other comparable Person as a substitute Rating Agency, notice of which
designation shall be given to the Indenture Trustee and the Servicer.

     “Rating Agency Condition” means, with respect to any action, that (i) Moody’s shall
have been given at least 10 Business Days’ prior notice thereof and shall have not notified the
Issuer and the Indenture Trustee that such action will result in a reduction or withdrawal of the
then current rating of any Class of the Notes and (ii) Fitch shall have been given at least 10

					
	 	 	 	 	 
	 
	 	8
	 	Annex A to

Loan Purchase and Sale Agreement

 

 

Business Days’ prior notice thereof, delivered electronically to
notifications.abs@fitchratings.com.

     “Records” means all notes, leases, security agreements and other documents, books,
records and other information (including computer programs, tapes, disks, data processing software
and related property and rights) prepared and maintained by any of the Seller, the Servicer, any
Sub-Servicer or the Purchaser with respect to the Loans and the Obligors thereunder, and the other
Purchaser Assets.

     “Recoveries” means, with respect to any Liquidated Loan, monies collected in respect
thereof, from whatever source (other than from the sale or other disposition of the Equipment)
after such Loan became a Liquidated Loan.

     “Redemption Date” is defined in the Indenture.

     “Related Documents” means the Loan Sale Agreement, the Purchase and Sale Agreement,
the Servicing Agreement, the Issuer Limited Liability Company Agreement, the CEF Limited Liability
Company Agreement, the Administration Agreement, the Indenture and all other agreements,
instruments, and documents and including all other pledges, powers of attorney, consents,
assignments, contracts, notices, and all other written matter whether heretofore, now or hereafter
executed by or on behalf of any Person, or any employee of any Person, and delivered in connection
with any of the foregoing. Any reference in the foregoing documents to a Related Document shall
include all Appendices thereto, and all amendments,
restatements, supplements or other modifications thereto, and shall refer to such Related
Document as the same may be in effect at any and all times such reference becomes operative.

     “Related Security” means with respect to any Loan: (a) any interest (including
security interests), if any, in the related Equipment; (b) all guarantees, insurance or other
agreements or arrangements of any kind from time to time supporting or securing payment of such
Loan (including rights (if any) to receive proceeds on insurance policies covering the Obligors);
and (c) all Records relating to such Loan.

     “Schedule of Loans” is the schedule of Loans attached as Schedule I (which
schedule may be in the form of microfiche).

     “Scheduled Payment” on a Loan means that portion of the payment required to be made by
the Obligor during any Collection Period sufficient to amortize the principal balance under (x) in
the case of a Precomputed Loan, the actuarial method or (y) in the case of a Simple Interest Loan,
the simple interest method, in each case, over the term of the Loan and to provide interest at the
APR, provided that Termination Values shall also constitute Scheduled Payments.

     “Securities Act” means the provisions of the Securities Act of 1933, 15 U.S.C.
Sections 77a et seq., and any regulations promulgated thereunder.

     “Securities Exchange Act” means the provisions of the Securities Exchange Act of 1934,
15 U.S.C. Sections 78a et seq., and any regulations promulgated thereunder.

     “Seller” is defined in the preamble to the Purchase and Sale Agreement.

					
	 	 	 	 	 
	 
	 	9
	 	Annex A to

Loan Purchase and Sale Agreement

 

 

     “Servicer” means GE Capital in its capacity as Servicer under the Servicing Agreement,
or any other Person designated as a Successor Servicer thereunder.

     “Servicing Agreement” means the Servicing Agreement dated as of September 11, 2009, by
and between the Purchaser and the Servicer, as the same may be amended or supplemented from time to
time.

     “Servicing Fee” is defined in the Servicing Agreement.

     “Simple Interest Loan” means any Loan under which the portion of a payment allocable
to interest and the portion allocable to principal is determined by allocating a fixed level
payment between principal and interest, such that such payment is allocated first to the accrued
and unpaid interest at the Annual Percentage Rate for such Loan on the unpaid principal balance and
the remainder of such payment is allocable to principal.

     “Solvent” means, with respect to any Person on a particular date, that on such date
(a) the fair value of the property of such Person is greater than the total amount of liabilities,
including contingent liabilities, of such Person; (b) the present fair salable value of the assets
of such Person is not less than the amount that will be required to pay the probable liability of
such
Person on its debts as they become absolute and matured; (c) such Person does not intend to,
and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay
as such debts and liabilities mature; and (d) such Person is not engaged in a business or
transaction, and is not about to engage in a business or transaction, for which such Person’s
property would constitute an unreasonably small capital. The amount of contingent liabilities (such
as Litigation, guaranties and pension plan liabilities) at any time shall be computed as the amount
that, in light of all the facts and circumstances existing at the time, represents the amount that
can reasonably be expected to become an actual or matured liability.

     “Stock” means all shares, options, warrants, membership interests in a limited
liability company, general or limited partnership interests or other equivalents (regardless of how
designated) of or in a corporation, partnership or equivalent entity whether voting or nonvoting,
including common stock, preferred stock or any other “equity security” (as such term is defined in
Rule 3a11-1 of the General Rules and Regulations promulgated by the Securities and Exchange
Commission under the Securities Exchange Act).

     “Stockholder” means, with respect to any Person, each holder of Stock of such Person.

     “Sub-Servicer” means any Person with whom the Servicer enters into a Sub-Servicing
Agreement.

     “Sub-Servicing Agreement” means any written contract entered into between a Servicer
and any Sub-Servicer pursuant to and in accordance with the Servicing Agreement.

     “Subsidiary” means, with respect to any Person, any corporation or other entity (a) of
which securities or other ownership interests having ordinary voting power to elect a majority of
the board of directors or other Persons performing similar functions are at the time directly or
indirectly owned by such Person or (b) that is directly or indirectly controlled by such Person
within the meaning of control under Section 15 of the Securities Act.

					
	 	 	 	 	 
	 
	 	10
	 	Annex A to

Loan Purchase and Sale Agreement

 

 

     “Successor Servicer” is defined in Section 6.2 of the Servicing Agreement.

     “Termination Value” means the “Termination Value” (if any) payable by lessee pursuant
to the applicable Loan.

     “Transfer Date” is defined in the Indenture.

     “Trust Account” is defined in the Indenture.

     “UCC” means, unless the context otherwise requires, the Uniform Commercial Code as in
effect in the relevant jurisdiction, as amended from time to time.

     “VFS” means VFS Funding, Inc., a Delaware corporation and any successors and assigns
thereto.

     SECTION 2. Other Interpretive Matters. All terms defined directly or by incorporation
in the Purchase and Sale Agreement shall have the defined meanings when used in any certificate or
other document delivered pursuant thereto unless otherwise defined therein. For purposes of the
Purchase and Sale Agreement (including in this Annex A) and all related certificates and
other documents, unless the context otherwise requires: (a) accounting terms not otherwise defined
in such Agreement, and accounting terms partly defined in such Agreement to the extent not defined,
shall have the respective meanings given to them under generally accepted accounting principles;
and unless otherwise provided, references to any month, quarter or year refer to a fiscal month,
quarter or year as determined in accordance with the Seller fiscal calendar; (b) terms defined in
Article 9 of the UCC and not otherwise defined in such Agreement are used as defined in that
Article; (c) references to any amount as on deposit or outstanding on any particular date means
such amount at the close of business on such day; (d) the words “hereof,” “herein” and “hereunder”
and words of similar import refer to such Agreement (or the certificate or other document in which
they are used) as a whole and not to any particular provision of such Agreement (or such
certificate or document); (e) references to any Section, Schedule or Exhibit are references to
Sections, Schedules and Exhibits in or to such Agreement (or the certificate or other document in
which the reference is made), and references to any paragraph, subsection, clause or other
subdivision within any Section or definition refer to such paragraph, subsection, clause or other
subdivision of such Section or definition; (f) the term “including” means “including without
limitation”; (g) references to any law or regulation refer to that law or regulation as amended
from time to time and include any successor law or regulation; (h) references to any agreement
refer to that agreement as from time to time amended, restated or supplemented or as the terms of
such agreement are waived or modified in accordance with its terms; (i) references to any Person
include that Person’s successors and assigns; and (j) headings are for purposes of reference only
and shall not otherwise affect the meaning or interpretation of any provision hereof.

					
	 	 	 	 	 
	 
	 	11
	 	Annex A to

Loan Purchase and Sale Agreementexv4we

EXECUTION COPY

 

 

SERVICING AGREEMENT

Dated as of September 11, 2009

by and between

GE EQUIPMENT MIDTICKET LLC, SERIES 2009-1

as the Issuer

and

GENERAL ELECTRIC CAPITAL CORPORATION,

as the Servicer

 

 

					
	 	 	 	 	 
	 
	 	 
	 	Servicing Agreement

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 
	 	 	 	 	 	 
	ARTICLE I     DEFINITIONS AND INTERPRETATION	 	 	 	 
	 
	 	 	 	 	 	 
	Section 1.1.
	 	Definitions	 	 	1	 
	Section 1.2.
	 	Other Interpretive Matters	 	 	1	 
	 
	 	 	 	 	 	 
	ARTICLE II     APPOINTMENT OF THE SERVICER; CERTAIN DUTIES AND RESPONSIBILITIES OF THE
SERVICER	 	 	 	 
	 
	 	 	 	 	 	 
	Section 2.1.
	 	Appointment of the Servicer	 	 	1	 
	Section 2.2.
	 	Duties and Responsibilities of the Servicer	 	 	1	 
	Section 2.3.
	 	Unrelated Amounts	 	 	2	 
	Section 2.4.
	 	Authorization of the Servicer	 	 	2	 
	Section 2.5.
	 	Servicing Fees and Servicing Advances	 	 	3	 
	Section 2.6.
	 	Covenants of the Servicer	 	 	3	 
	Section 2.7.
	 	Servicer’s Certificate	 	 	3	 
	Section 2.8.
	 	Annual Statement as to Compliance; Notice of Default	 	 	4	 
	Section 2.9.
	 	Annual Reports on Assessment of Compliance with Servicing Criteria 	 	 	4	 
	Section 2.10.
	 	Appointment of Subservicer	 	 	4	 
	Section 2.11.
	 	Maintenance of Security Interests in Loans	 	 	5	 
	Section 2.12.
	 	Accounts	 	 	5	 
	Section 2.13.
	 	Reserve Account	 	 	5	 
	Section 2.14.
	 	Disbursement from the Collection Account	 	 	5	 
	Section 2.15.
	 	Limitation on Liability of Servicer and Others	 	 	6	 
	 
	 	 	 	 	 	 
	ARTICLE III     REPRESENTATIONS AND WARRANTIES	 	 	 	 
	 
	 	 	 	 	 	 
	Section 3.1.
	 	Representations and Warranties of the Servicer	 	 	6	 
	 
	 	 	 	 	 	 
	ARTICLE IV     ADDITIONAL COVENANTS	 	 	 	 
	 
	 	 	 	 	 	 
	Section 4.1.
	 	Covenants of the Servicer Regarding the Loans	 	 	7	 
	 
	 	 	 	 	 	 
	ARTICLE V     EVENTS OF SERVICER TERMINATION	 	 	 	 
	 
	 	 	 	 	 	 
	Section 5.1.
	 	Default	 	 	8	 
	 
	 	 	 	 	 	 
	ARTICLE VI     SUCCESSOR SERVICER	 	 	 	 
	 
	 	 	 	 	 	 
	Section 6.1.
	 	Resignation of Servicer	 	 	9	 
	Section 6.2.
	 	Appointment of the Successor Servicer	 	 	9	 
	Section 6.3.
	 	Duties of Servicer	 	 	9	 

					
	 	 	 	 	 
	 
	 	-i-
	 	Servicing Agreement

 

 

TABLE OF CONTENTS

(continued)

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 
	 	 	 	 	 	 
	Section 6.4.
	 	Effect of Termination or Resignation	 	 	10	 
	 
	 	 	 	 	 	 
	ARTICLE VII     INDEMNIFICATION	 		 	 	 	 
	 
	 	 	 	 	 	 
	Section 7.1.
	 	Indemnities by the Servicer	 	 	10	 
	Section 7.2.
	 	Limitation of Damages; Indemnified Persons	 	 	10	 
	 
	 	 	 	 	 	 
	ARTICLE VIII     MISCELLANEOUS	 	 	 	 
	 
	 	 	 	 	 	 
	Section 8.1.
	 	Notices	 	 	10	 
	Section 8.2.
	 	Binding Effect; Assignability	 	 	12	 
	Section 8.3.
	 	Termination; Survival of
Obligations Upon Class C Maturity Date or Redemption Date	 	 	12	 
	 
	 	 	 	 	 	 
	Section 8.4.
	 	No Proceedings	 	 	12	 
	Section 8.5.
	 	Complete Agreement; Modification of Agreement	 	 	13	 
	Section 8.6.
	 	Amendments and Waivers	 	 	13	 
	Section 8.7.
	 	No Waiver; Remedies	 	 	13	 
	Section 8.8.
	 	GOVERNING LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL	 	 	13	 
	Section 8.9.
	 	Counterparts	 	 	14	 
	Section 8.10.
	 	Severability	 	 	14	 
	Section 8.11.
	 	Section Titles	 	 	14	 
	Section 8.12.
	 	Limited Recourse	 	 	15	 
	Section 8.13.
	 	Further Assurances	 	 	15	 
	Section 8.14.
	 	Pledge of Assets	 	 	15	 
	Section 8.15.
	 	Waiver of Setoff	 	 	15	 
	 
	 	 	 	 	 	 
	Exhibit A     Form of Servicer’s Certificate	 	 	 	 
	Annex A     Definitions and Interpretation	 	 	 	 

					
	 	 	 	 	 
	 
	 	-ii-
	 	Servicing Agreement

 

 

     This SERVICING AGREEMENT, dated as of September 11, 2009 (this “Agreement” or
“Servicing Agreement”), by and between GE EQUIPMENT MIDTICKET LLC, SERIES 2009-1, a limited
liability company organized under the laws of the State of Delaware (the “Issuer”), and
GENERAL ELECTRIC CAPITAL CORPORATION (“GE Capital”), in its capacity as the servicer
hereunder (the “Servicer”).

     In consideration of the premises and the mutual covenants hereinafter contained, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

ARTICLE I

DEFINITIONS AND INTERPRETATION

     Section 1.1. Definitions. Capitalized terms used herein and not otherwise defined
shall have the meanings ascribed to them in Section 1 of Annex A to this Agreement.

     Section 1.2. Other Interpretive Matters. For purposes of this Agreement, the other
interpretive matters set forth in Section 2 of Annex A shall govern. All exhibits,
schedules, and other attachments hereto, or expressly identified hereto are incorporated herein by
reference and, taken together with this Agreement, shall constitute but a single agreement.

ARTICLE II

APPOINTMENT OF THE SERVICER; CERTAIN DUTIES

AND RESPONSIBILITIES OF THE SERVICER.

     Section 2.1. Appointment of the Servicer. The Issuer hereby appoints the Servicer as
its agent to service the Loans and enforce its rights and interests in and under the Loans and to
serve in such capacity until the termination of its responsibilities pursuant to Sections
5.1 or 6.1. In connection therewith, the Servicer hereby accepts such appointment and
agrees to perform the duties and obligations set forth herein. The Servicer may, upon giving prior
written notice to the Issuer, delegate any duties to any Person, or subcontract with a
Sub-Servicer, for the collection, servicing or administration of the Loans; provided, that
(a) the Servicer shall remain liable for the performance of the duties and obligations of any
delegate or the Sub-Servicer pursuant to the terms hereof and (b) any Sub-Servicing Agreement that
may be entered into and any other transactions or services relating to the Loans involving a
Sub-Servicer shall be deemed to be between the Sub-Servicer and the Servicer alone, and the Issuer
shall not be deemed party thereto and shall have no obligations, duties or liabilities with respect
to the Sub-Servicer.

     Section 2.2. Duties and Responsibilities of the Servicer. Subject to the provisions
of this Agreement, the Servicer shall conduct the servicing, administration and collection of the
Loans and shall take, or cause to be taken, all actions that (a) may be necessary or advisable to
service, administer and collect the Loans from time to time, (b) the Servicer would take if the
Loans were

					
	 	 	 	 	 
	 
	 	 	 	Servicing Agreement

 

 

owned by the Servicer, and (c) are consistent with the Credit and Collection Policies. The
Servicer shall also perform on behalf of, and as directed by, the Issuer all of the Issuer’s
obligations under the Indenture other than any obligations to pay money and any obligations to be
performed by the Administrator under the Administration Agreement.

     Section 2.3. Unrelated Amounts. If the Servicer determines that amounts which are
not property of the Issuer (the “Unrelated Amounts”) have been deposited in the Collection
Account, then the Servicer shall provide written evidence thereof to the Issuer no later than the
first Business Day following the day on which the Servicer had actual knowledge thereof, which
evidence shall be provided in writing. Upon receipt of any such notice, the Servicer shall
withdraw the Unrelated Amounts from the Collection Account, and the same shall not be treated as
Available Amounts on Loans and shall not be subject to the provisions of Section 2.12.

     Section 2.4. Authorization of the Servicer. The Servicer is hereby authorized to
take any and all reasonable steps necessary or desirable and consistent with the ownership of the
Loans by the Issuer and pledge of the Loans to the Indenture Trustee under the Indenture, in the
determination of the Servicer, to (a) collect all amounts due under the Loans, including endorsing
its name on checks and other instruments representing Available Amounts on the Loans, executing and
delivering any and all instruments of satisfaction or cancellation or of partial or full release or
discharge and all other comparable instruments with respect to the Loans, and consistent with its
normal procedures, arranging with the Obligor to extend or modify Scheduled Payments in its
discretion, and (b) after the Loans become delinquent and to the extent permitted under and in
compliance with applicable law and regulations, (i) commence proceedings with respect to the
enforcement of payment of the Loans, (ii) adjust, settle or compromise any payments due thereunder
and (iii) initiate proceedings against any Collateral securing the obligations due under the Loans,
in each case, consistent with the Credit and Collection Policies; provided, that, with
respect to clause (a) and (b) above, the Servicer shall not agree to any modification of the APR on
any Loan or of the amount of any Scheduled Payment on a Loan if such modification has a Material
Adverse Effect on the Noteholders; and provided, further, that in no event will
such modification be permitted to extend the final payment date beyond the Class C Maturity Date.

     If the Servicer shall commence a legal proceeding to enforce a Loan, the Issuer (in the case
of a Loan other than a Purchased Loan) shall thereupon be deemed to have automatically assigned,
solely for the purpose of collection, such Loan to the Servicer. If in any enforcement suit or
legal proceeding it shall be held that the Servicer may not enforce a Loan on the ground that it
shall not be a real party in interest or a holder entitled to enforce such Loan, the Managing
Member shall take steps to enforce such Loan, including bringing suit in its name.

     The Issuer shall furnish (or cause to be furnished) the Servicer with any powers of attorney
and other documents necessary or appropriate to enable the Servicer to carry out its servicing and
administrative duties hereunder, and the Issuer shall assist the Servicer to the fullest extent to
enable the Servicer to collect the Loans and otherwise discharge its duties hereunder. In no event
shall the Servicer be entitled to make the Issuer a party to any litigation without the Issuer’s
express prior written consent.

					
	 	 	 	 	 
	 
	 	-2-
	 	Servicing Agreement

 

 

     Section 2.5. Servicing Fees and Servicing Advances. (a) As compensation for its
servicing activities and as reimbursement for its reasonable expenses in connection therewith, the
Servicer shall be entitled to receive the Servicing Fees for each Collection Period. The Servicer
shall be required to pay for all expenses incurred by it in connection with its activities
hereunder (including any payments to accountants, counsel or any other Person) and shall not be
entitled to any payment therefor other than the Servicing Fees. The Servicer shall also be
entitled to reimbursement for any outstanding Servicing Advances owing to the Servicer with respect
to all preceding Collection Periods.

     (b) The Servicer may, but shall have no obligation to, make a Servicing Advance in the
manner and to the extent provided herein, but only to the extent the Servicer, in its sole
discretion, expects to be reimbursed for such advance. If the Servicer elects to make a
Servicing Advance, prior to the close of business on each Determination Date, the Servicer
will determine the amount of the advance that it has elected to make on the related Transfer
Date. The Servicer shall include information as to such determination in the Servicer’s
Certificate furnished by it in accordance with Section 2.7 and shall be obligated to
transfer to the Collection Account on or before 11:00 a.m. (New York City time) on the
related Transfer Date in next day funds the amounts applicable to such determinations
appearing in such Servicer’s Certificate. All Servicing Advances shall be reimbursable to
the Servicer, without interest, when a payment relating to a Loan with respect to which an
advance has previously been made is subsequently received. Upon the determination by the
Servicer that reimbursement from the preceding source is unlikely or nonrecoverable, it will
be entitled to recover unreimbursed advances from Available Amounts on or in respect of
other Loans.

     Section 2.6. Covenants of the Servicer. The Servicer covenants and agrees that from
and after the Closing Date and until the earlier of the Class C Maturity Date or Redemption Date,
as applicable:

     (a) Ownership of Loans. The Servicer shall identify the Loans clearly and
unambiguously in its Servicing Records to reflect that the Loans are owned by the Issuer and
have been pledged to the Indenture Trustee under the Indenture.

     (b) Compliance with Credit and Collection Policies; Law. The Servicer shall
comply in all material respects with the Credit and Collection Policies with respect to the
Loans and in all material respects with applicable law with respect to the Loans, unless, in
either case, such failure to comply would not be reasonably expected to cause a Material
Adverse Effect.

     Section 2.7. Servicer’s Certificate. On each Determination Date the Servicer shall
deliver to the Issuer, with a copy to the Indenture Trustee, the Seller and the Rating Agencies, a
Servicer’s Certificate in the form set forth as Exhibit A hereto and containing all information
necessary to make the distributions pursuant to Section 2.14 and the deposits to the
Collection Account pursuant to Section 2.12 for the Collection Period preceding the date of such
Servicer’s Certificate. Loans to be repurchased by the Seller shall be identified by the Servicer
by account number with respect to such Loan (as specified in the Schedule of Loans delivered on the
Closing Date).

					
	 	 	 	 	 
	 
	 	-3-
	 	Servicing Agreement

 

 

     Section 2.8. Annual Statement as to Compliance; Notice of Default. (a) The Servicer
shall, and shall cause each Additional Servicer with which it has entered into a servicing
relationship with respect to the Loans to, deliver to the Issuer, with a copy to the Indenture
Trustee, on or before March 15 after the end of each calendar year of the Issuer (commencing with
the calendar year 2010), an Officers’ Certificate stating that: (i) a review of the activities of
the Servicer, or Additional Servicer, as appropriate, during the preceding 12-month period (or, in
the case of the first such certificate, from the Cut-off Date to December 31, 2009) and of its
performance under this Agreement has been made under such officer’s supervision and (ii) to the
best of such officer’s knowledge, based on such review, such Servicer, or Additional Servicer, as
appropriate, has fulfilled all of its obligations under this Agreement, or the applicable
sub-servicing agreement in the case of an Additional Servicer, throughout such year or, if there
has been a failure to fulfill any such obligation in any material respect, specifying each such
failure known to such officer and the nature and status thereof.

     (b) The Servicer shall deliver to the Issuer, with a copy to the Indenture Trustee,
promptly after having obtained knowledge thereof, but in no event later than five Business
Days thereafter, written notice in an Officers’ Certificate of any event that, with the
giving of notice or lapse of time, or both, would become a Servicer Default under
Section 5.1.

     Section 2.9. Annual Reports on Assessment of Compliance with Servicing Criteria. On
or before March 15 of each calendar year of the Issuer (commencing with the calendar year 2010)
each Reporting Servicer shall furnish, and shall cause each Servicing Function Participant with
which it has entered into a servicing relationship with respect to the Loans to furnish, to the
Issuer, with a copy to the Indenture Trustee, a report on assessment of compliance with the
Servicing Criteria that contains (A) a statement by such Reporting Servicer of its responsibility
for assessing compliance with the Servicing Criteria applicable to it, (B) a statement that such
Reporting Servicer used the Servicing Criteria to assess compliance with the applicable Servicing
Criteria, (C) such Reporting Servicer’s assessment of compliance with the applicable Servicing
Criteria as of and for the period ending December 31, including, if there has been any material
instance of noncompliance with the applicable Servicing Criteria, a discussion of each such failure
and the nature and status thereof, and (D) a statement that a registered public accounting firm has
issued an attestation report on such Reporting Servicer’s assessment of compliance with the
applicable Servicing Criteria as of and for such period; such attestation shall be in accordance
with Rules 1-02(a)(3) and 2-02(g) of Regulation S-X under the Securities Act and the Securities
Exchange Act and shall be provided as an exhibit to such Reporting Servicer’s report on assessment
of compliance with the Servicing Criteria.

     Section 2.10. Appointment of Subservicer. The Servicer may at any time appoint a
subservicer to perform all or any portion of its obligations as Servicer hereunder;
provided, that the Servicer shall remain obligated and be liable to the Issuer, for the
servicing and administering of the Loans in accordance with the provisions hereof without
diminution of such obligation and liability by virtue of the appointment of such subservicer and to
the same extent and under the same terms and conditions as if the Servicer alone were servicing and
administering the Loans. The fees and expenses of the subservicer shall be as agreed between the
Servicer and its subservicer from time to time and the Issuer shall have no responsibility
therefor.

					
	 	 	 	 	 
	 
	 	-4-
	 	Servicing Agreement

 

 

     Section 2.11. Maintenance of Security Interests in Loans. The Servicer shall, in
accordance with the Credit and Collection Policies, take such steps as are necessary to maintain
perfection of the security interest created by each Loan in any of the Equipment. The Issuer
hereby authorizes the Servicer to take such steps as are necessary to re-perfect such security
interests on behalf of the Issuer or its assigns for any reason, including the filing of UCC
financing statements and any amendments thereto without the related debtor’s signature. Without
limiting the generality of the foregoing, the Servicer shall make or maintain all required federal
lien filings or registrations in the name of the Issuer, as applicable. Upon discovery by the
Issuer or the Servicer of a breach of its obligation to maintain perfection of the security
interest in each Loan pursuant to this Section 2.11, which breach is reasonably likely to
have a Material Adverse Effect, the party discovering the same shall give prompt written notice
thereof to the other party hereto. As liquidated damages for such breach, the Issuer shall, on the
Transfer Date relating to the Collection Period during which the breach is discovered, request the
Servicer to, and the Servicer shall pay to, or at the direction of, the Issuer the Purchase Amount
for the applicable Loans (measured at the end of the Collection Period during which such breach is
discovered). Upon such payment, all rights, title and interest of the Issuer in and to such Loans
will be deemed to be automatically released without the necessity of any further action by the
Issuer, the Servicer or any other party and such Loans will become the property of the Servicer.

     Section 2.12. Accounts. As of the Closing Date, the Servicer shall establish and
maintain, on behalf of the Issuer and in accordance with the terms of the Indenture, the
Collection Account and the Reserve Account, each of which shall be an Eligible Deposit Account in
the name of the Issuer.

     (a) Not later than 10:00 a.m. (New York City time) on each Transfer Date, the Servicer
shall deposit into the Collection Account all Available Amounts with respect to the related
Collection Period that have not previously been deposited into the Collection Account (it
being understood that no such deposits are required to be made prior to the Transfer Date
unless a Daily Deposit Event has occurred).

     (b) Upon the occurrence and during the continuation of a Daily Deposit Event, the
Servicer shall transfer to the Collection Account, on each Business Day in same day funds,
all Available Amounts then held or thereafter received by it that are
required to be deposited into the Collection Account, within two (2) Business Days
after receipt thereof.

     Section 2.13. Reserve Account. The Servicer shall determine the amounts for deposit
into or for withdrawal from the Reserve Account on each Transfer Date in accordance with the
provisions of Section 8.4 of the Indenture.

     Section 2.14. Disbursement from the Collection Account. On each Transfer Date, the
Servicer, on behalf of the Issuer, shall withdraw from the Collection Account for payment to itself
an amount equal to any accrued but unpaid Servicing Fee and any accrued but unpaid Servicing
Advances owing to the Servicer (based on the information contained in the Servicer’s Certificate
delivered on the related Determination Date pursuant to Section 2.7) in accordance with
Section 2.5.

					
	 	 	 	 	 
	 
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	 	Servicing Agreement

 

 

     Section 2.15. Limitation on Liability of Servicer and Others. Neither the Servicer
nor any of the directors, officers, employees or agents of the Servicer shall be under any
liability to the Issuer or the Noteholders, except as provided under this Agreement, for any action
taken or for refraining from the taking of any action pursuant to this Agreement or for errors in
judgment; provided, however, that this provision shall not protect the Servicer or
any such Person against any liability that would otherwise be imposed by reason of willful
misconduct, bad faith or negligence in the performance of its duties or by reason of reckless
disregard of obligations and duties under this Agreement. The Servicer and any director, officer,
employee or agent of the Servicer may rely in good faith on the advice of counsel or on any
document of any kind prima facie properly executed and submitted by any Person respecting any
matters arising hereunder.

     Except as provided in this Agreement, the Servicer shall not be under any obligation to appear
in, prosecute or defend any legal action that shall not be incidental to its duties to service the
Loans in accordance with this Agreement, and that in its opinion may involve it in any expense or
liability; provided, however, that the Servicer may undertake any reasonable action
that it may deem necessary or desirable in respect of this Agreement, the Related Documents and the
rights and duties of the parties to this Agreement, the other Related Documents and the interests
of the Noteholders under the Indenture.

ARTICLE III

REPRESENTATIONS AND WARRANTIES

     Section 3.1. Representations and Warranties of the Servicer. The Servicer represents
and warrants to the Issuer as of the Closing Date as follows:

     (a) It is a corporation, duly organized, validly existing and in good standing under
the laws of its jurisdiction of incorporation or organization and is duly qualified to
do business, and is in good standing, in each jurisdiction in which the servicing of
the Loans hereunder requires it to be so qualified, except where the failure to comply would
not reasonably be expected to have a Material Adverse Effect.

     (b) It has the power and authority to execute and deliver this Agreement and to perform
the transactions contemplated hereby.

     (c) This Agreement has been duly authorized, executed and delivered by the Servicer and
constitutes its legal, valid and binding obligation enforceable against it in accordance
with its terms, subject to any applicable bankruptcy, insolvency, reorganization, moratorium
or other similar laws now or hereafter in effect relating to or affecting the enforceability
of creditors’ rights generally and general equitable principles, whether applied in a
proceeding at law or in equity.

     (d) No consent of, notice to, filing with or permits, qualifications or other action by
any Governmental Authority or any other party is required for the due execution, delivery
and performance of this Agreement, other than consents, notices, filings and other actions
which have been obtained or made or where the failure to get

					
	 	 	 	 	 
	 
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	 	Servicing Agreement

 

 

such consent or take such action, individually or in the aggregate, would not
reasonably be expected to have a Material Adverse Effect.

     (e) There is no pending or, to its actual knowledge, threatened litigation of a
material nature against or affecting it, in any court or tribunal, before any arbitrator of
any kind or before or by any Governmental Authority (i) asserting the invalidity of this
Agreement, or (ii) seeking any determination or ruling that might materially and adversely
affect the validity or enforceability of this Agreement.

ARTICLE IV

ADDITIONAL COVENANTS

     Section 4.1. Covenants of the Servicer Regarding the Loans. (a) Maintenance of
Files. The Servicer shall, for not less than three (3) years or for such longer period as may
be required by law, from the date on which any Loan is paid in full, maintain the Records with
respect to each Loan, including records of all payments received, credits granted and property
returned. The Servicer will permit representatives of the Issuer or its designee at any reasonable
time during normal business hours, and at such times outside of normal business hours as the Issuer
shall reasonably request, (i) to inspect and make copies of and abstracts from such Records, (ii)
to visit the properties of the Servicer utilized in connection with the collection, processing or
servicing of the Loans for the purpose of examining such Records, and (iii) to discuss matters
relating to the Loans or the Servicer’s performance under this Agreement with any officer, employee
or accountants of the Servicer having knowledge of such matters. In connection therewith, the
Issuer shall institute procedures to permit it to confirm the Loan Value in respect
of any Loan; provided that no one other than the Servicer, subject to any other
arrangements made by the Issuer, will contact an Obligor unless a Servicer Default has occurred.
The Servicer agrees to render to the Issuer such clerical and other assistance as may be reasonably
requested with regard to the foregoing.

     (b) Servicer Default. If a Servicer Default shall have occurred and be
continuing, promptly upon request therefor, the Servicer shall deliver to the Issuer records
reflecting activity through the close of business on the immediately preceding Business Day.
Upon the occurrence and during the continuation of a Servicer Default, the Servicer shall
(i) deliver and turn over to the Issuer or to its representatives, or at the option of the
Issuer shall provide the Issuer or its representatives with access to, at any time, on
demand of the Issuer, all of the Servicer’s facilities, personnel, books and records
pertaining to the Loans, including all Records, (ii) allow the Issuer to occupy the premises
of the Servicer where such books, records and Records are maintained, and (iii) utilize such
premises, the equipment thereon and any personnel of the Servicer that the Issuer may wish
to employ to administer, service and collect the Loans.

     (c) Notice of Adverse Claim. The Servicer shall advise the Issuer promptly, in
reasonable detail, (i) of any claim of ownership or Lien known to it made or asserted
against any Loan, other than any ownership interest or Lien created under the Sale Agreement
or the Purchase and Sale Agreement, any Lien created under the Indenture or

					
	 	 	 	 	 
	 
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	 	Servicing Agreement

 

 

any Permitted Encumbrances (as defined under the Sale Agreement or the Purchase and
Sale Agreement, as applicable), and (ii) of the occurrence of any event known to it which
would have a material adverse effect on the aggregate value of the Loans.

     (d) Further Assurances. The Servicer shall furnish to the Issuer from time to
time such statements and schedules further identifying and describing the Loans and such
other reports in connection with the Loans as the Issuer may reasonably request, all in
reasonable detail.

ARTICLE V

EVENTS OF SERVICER TERMINATION

     Section 5.1. Default. If any of the following events shall occur (regardless of the
reason therefor) with respect to the Servicer:

     (a) The Servicer shall (i) fail to make or give instructions for any deposit, transfer
or payment required to be made hereunder and the same shall remain unremedied for three (3)
Business Days, or (ii) fail or neglect to perform, keep or observe in any material respect
any other provision of this Agreement and the same shall remain
unremedied for fifteen (15) days after written notice thereof shall have been given by
the Issuer to the Servicer;

     (b) Any representation or warranty of the Servicer herein or in any written statement,
report, financial statement or certificate made or delivered by the Servicer to the Issuer
hereto or thereto shall be untrue or incorrect in any material respect as of the date when
made or deemed made and shall not be corrected for a period of sixty (60) days after either
(i) any Authorized Officer of the Servicer becomes aware thereof or (ii) notice thereof has
been given to such Person by the Issuer; or

     (c) A Bankruptcy Event shall have occurred and be continuing with respect to the
Servicer;

then, upon the occurrence of any of such events (each, a “Servicer Default”), the Issuer
may deliver a notice (a “Servicer Termination Notice”) to the Servicer, terminating the
servicing responsibilities of the Servicer hereunder, without demand, protest or further notice of
any kind, all of which are hereby waived by the Servicer. Upon the delivery of any such notice,
all authority and power of the Servicer under this Agreement shall pass to and be vested in the
Successor Servicer acting pursuant to Section 6.2, provided, that notwithstanding
anything to the contrary herein, the Servicer agrees to act as Servicer and to continue to follow
the procedures set forth in this Agreement with respect to Available Amounts on the Loans under
this Agreement until a Successor Servicer has assumed the responsibilities and obligations of the
Servicer in accordance with Section 6.2.

					
	 	 	 	 	 
	 
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	 	Servicing Agreement

 

 

ARTICLE VI

SUCCESSOR SERVICER

     Section 6.1. Resignation of Servicer. The Servicer may resign under the
circumstances set forth in clause (a) or (b) of this Section 6.1.

     (a) The Servicer may resign from its obligations and duties hereunder if it finds a
replacement servicer satisfying the eligibility criteria set forth in Section 6.2.
No such resignation shall become effective until the replacement servicer shall have
obtained the Issuer’s approval and appointment pursuant to Section 6.2.

     (b) The Servicer may resign from the obligations and duties hereby imposed on it upon
its determination that (i) the performance of its duties hereunder has become impermissible
under applicable law, and (ii) there is no reasonable action which the Servicer could take
to make the performance of its duties hereunder permissible under applicable law. No such
resignation shall become effective until a Successor Servicer
shall have assumed the responsibilities and obligations of the Servicer in accordance
with Section 6.2.

     Section 6.2. Appointment of the Successor Servicer. In connection with the
termination of the Servicer’s responsibilities under this Agreement pursuant to Section 5.1
or 6.1, the Issuer shall within thirty (30) days after the giving of a Servicer Termination
Notice pursuant to Section 5.1 or as soon as practicable after a resignation of the
Servicer pursuant to Section 6.1, appoint a successor servicer that shall have a long-term
debt rating of at least “Baa3” by Moody’s. The successor servicer shall succeed to all rights and
assume all of the responsibilities, duties and liabilities of the Servicer under this Agreement
(such successor servicer being referred to as the “Successor Servicer”); provided,
that the Successor Servicer shall have no responsibility for any actions of the Servicer prior to
the date of its appointment as Successor Servicer. The Successor Servicer shall accept its
appointment by executing, acknowledging and delivering to the Issuer an instrument in form and
substance acceptable to the Issuer, and if directed by the Issuer, by providing prior written
notice of such appointment to the Indenture Trustee. Notice shall be given to the Rating Agencies
of the appointment of any Successor Servicer.

     Section 6.3. Duties of Servicer. At any time following the appointment of a
Successor Servicer:

     (a) the Servicer agrees that it shall terminate its activities as servicer hereunder in
a manner acceptable to the Issuer so as to facilitate the transfer of servicing to the
Successor Servicer, including timely delivery (i) to the Issuer of any funds that were
required to be deposited in the Collection Account and the Reserve Account and (ii) to the
Successor Servicer, at a place selected by the Successor Servicer, of all Servicing Records
and other information with respect to the Loans. The Servicer shall account for all funds
and shall execute and deliver such instruments and do such other things as may reasonably be
required to more fully and definitely vest and confirm in the Successor Servicer all rights,
powers, duties, responsibilities, obligations and liabilities of the Servicer; and

					
	 	 	 	 	 
	 
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	 	Servicing Agreement

 

 

     (b) the Servicer shall terminate each Sub-Servicing Agreement that may have been
entered into by it and the Successor Servicer shall not be deemed to have assumed any of
such outgoing servicer’s interest therein or to have replaced such outgoing servicer as a
party to any such Sub-Servicing Agreement.

     Section 6.4. Effect of Termination or Resignation. Any termination or resignation of
the Servicer under this Agreement shall not affect any claims that the Issuer may have against the
Servicer for events or actions taken or not taken by the Servicer arising prior to any such
termination or resignation.

ARTICLE VII

INDEMNIFICATION

     Section 7.1. Indemnities by the Servicer. Without limiting any other rights that the
Issuer or its Affiliates or any Stockholder, director, officer, employee, or agent or incorporator
thereof (each, a “Servicer Indemnified Person”) may have hereunder or under applicable law,
the Servicer hereby agrees to indemnify each Servicer Indemnified Person from and against any and
all Indemnified Amounts which may be imposed on, incurred by or asserted against a Servicer
Indemnified Person in any way arising out of or relating to any material breach of the Servicer’s
obligations under this Agreement; excluding, however, Indemnified Amounts to the
extent resulting from (i) bad faith, gross negligence or willful misconduct on the part of the
Servicer Indemnified Person or (ii) recourse for uncollectible Loans. Any Indemnified Amounts
subject to the indemnification provisions of this Section 7.1 shall be paid to the Servicer
Indemnified Person within ten (10) Business Days following demand therefor.

     Section 7.2. Limitation of Damages; Indemnified Persons. NO SERVICER PARTY TO THIS
AGREEMENT SHALL BE RESPONSIBLE OR LIABLE TO ANY OTHER PARTY TO THIS AGREEMENT, ANY SUCCESSOR,
ASSIGNEE OR THIRD PARTY BENEFICIARY OF SUCH PERSON OR ANY OTHER PERSON ASSERTING CLAIMS
DERIVATIVELY THROUGH SUCH PARTY, FOR INDIRECT, PUNITIVE, EXEMPLARY OR CONSEQUENTIAL DAMAGES THAT
MAY BE ALLEGED AS A RESULT OF ANY TRANSACTION CONTEMPLATED HEREUNDER.

ARTICLE VIII

MISCELLANEOUS

     Section 8.1. Notices. Except as otherwise provided herein, whenever it is provided
herein that any notice, demand, request, consent, approval, declaration or other communication
shall or may be given to or served upon any of the parties by any other parties, or whenever any of
the parties desires to give or serve upon any other parties any communication with respect to this
Agreement, each such notice, demand, request, consent, approval, declaration or other communication
shall be in writing and shall be deemed to have been validly served, given or

					
	 	 	 	 	 
	 
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	 	Servicing Agreement

 

 

delivered (a) upon the earlier of actual receipt and three (3) Business Days after deposit in
the United States mail, registered or certified mail, return receipt requested, with proper postage
prepaid, (b) upon transmission, when sent by facsimile or other electronic transmission (with such
transmission promptly confirmed by delivery of a copy by personal delivery or United States mail as
otherwise provided in this Section 8.1), (c) one (1) Business Day after deposit with a
reputable overnight courier with all charges prepaid or (d) when delivered, if hand-delivered by
messenger, all of which shall be addressed to the party to be notified and sent to the address or
facsimile number indicated below or to such other address (or facsimile number) as may be
substituted by notice given as herein provided. The giving of any notice required hereunder may
be waived in writing by the party entitled to receive such notice. Failure or delay in
delivering copies of any notice, demand, request, consent, approval, declaration or other
communication to any Person designated in any written notice provided hereunder to receive copies
shall in no way adversely affect the effectiveness of such notice, demand, request, consent,
approval, declaration or other communication. Notwithstanding the foregoing, whenever it is
provided herein that a notice is to be given to any other party hereto by a specific time, such
notice shall only be effective if actually received by such party prior to such time, and if such
notice is received after such time or on a day other than a Business Day, such notice shall only be
effective on the immediately succeeding Business Day.

If to GE Capital, as Servicer:

General Electric Capital Corporation, as Servicer

201 Merritt 7

Norwalk, Connecticut 06851

Attention: General Counsel

Telephone: (203) 229-5000

Facsimile: (203) 956-4296

If to the Issuer:

GE Equipment Midticket LLC, Series 2009-1

10 Riverview Drive

Danbury, Connecticut 06810

Attention: Capital Markets Operations

Telephone: (203) 749-2101

Facsimile: (203) 749-4054

If to the Rating Agencies:

Moody’s Investors Service, Inc.

ABS Monitoring Department

99 Church Street

New York, New York 10007

					
	 	 	 	 	 
	 
	 	-11-
	 	Servicing Agreement

 

 

Fitch Ratings

70 West Madison

Suite 3500

Chicago, IL 60602

Attn: ABS Surveillance

If to Indenture Trustee:

Deutsche Bank Trust Company Americas

60 Wall Street, 26th Floor,

MS NYC 60-2606,

New York, NY 10005

Attention: Structured Finance Services/Trust and Securities Services—Louis Bodi

     Section 8.2. Binding Effect; Assignability. This Agreement shall be binding upon and
inure to the benefit of the Issuer and the Servicer and their respective successors and permitted
assigns. Except as set forth in Section 2.1, or Article VI, the Servicer may not
assign, transfer, hypothecate or otherwise convey any of its rights or obligations hereunder or
interests herein without the express prior written consent of the Issuer and unless the Rating
Agency Condition shall have been satisfied with respect to any such assignment. Any such purported
assignment, transfer, hypothecation or other conveyance by the Servicer without the prior express
written consent of the Issuer shall be void. The Issuer may, at any time, assign any of its rights
and obligations under this Agreement to any Person and any such assignee may further assign at any
time its rights and obligations under this Agreement, in each case, without the consent of the
Servicer. Each of the Issuer and the Servicer acknowledges and agrees that, upon any such
assignment, the assignee thereof may enforce directly, all of the obligations of the Issuer or the
Servicer hereunder, as applicable.

     Section 8.3. Termination; Survival of Obligations Upon Class C Maturity Date or
Redemption Date. This Agreement shall create and constitute the continuing obligations of the
parties hereto in accordance with its terms, and shall remain in full force and effect until the
earlier of the Class C Maturity Date or the Redemption Date; provided, that the rights and
remedies provided for herein with respect to any breach of any representation or warranty made by
the Servicer pursuant to Article III, the indemnification and payment provisions of
Article VII and Sections 8.4 and 8.12 shall be continuing and shall survive
the later of the Class C Maturity Date or the Redemption Date, as applicable.

     Section 8.4. No Proceedings. The Servicer hereby agrees that, from and after the
Closing Date and until the date one year plus one day following the earlier of the Class C Maturity
Date or the Redemption Date, as applicable, it will not, directly or indirectly, institute or cause
to be instituted against the Issuer any proceeding of the type referred to in the definition of
“Bankruptcy Event”; provided that the foregoing shall not in any way limit the Servicer’s
right to pursue any other creditor rights or remedies that the Servicer may have for claims against
the Issuer.

					
	 	 	 	 	 
	 
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     Section 8.5. Complete Agreement; Modification of Agreement. This Agreement
constitutes the complete agreement among the parties hereto with respect to the subject matter
hereof, supersedes all prior agreements and understandings relating to the subject matter hereof,
and may not be modified, altered or amended except as set forth in Section 8.6.

     Section 8.6. Amendments and Waivers. No amendment, modification, termination or
waiver of any provision of this Agreement, or any consent to any departure by any party hereto
therefrom, shall in any event be effective unless the same shall be in writing and signed by each
of the parties hereto.

     Section 8.7. No Waiver; Remedies. The failure by the Issuer, at any time or times,
to require strict performance by the Servicer of any provision of this Agreement shall not waive,
affect or diminish any right of the Issuer thereafter to demand strict compliance and performance
herewith. Any suspension or waiver of any breach or default hereunder shall not suspend, waive or
affect any other breach or default whether the same is prior or subsequent thereto and whether the
same or of a different type. None of the undertakings, agreements, warranties, covenants or
representations of the Servicer contained in this Agreement and no breach or default by the
Servicer hereunder, shall be deemed to have been suspended or waived by the Issuer unless such
waiver or suspension is by an instrument in writing signed by an officer of or other duly
authorized signatory of the Issuer and directed to the Servicer specifying such suspension or
waiver. The rights and remedies of the Issuer under this Agreement shall be cumulative and
nonexclusive of any other rights and remedies that the Issuer may have under any other agreement,
including the other Related Documents, by operation of law or otherwise.

     Section 8.8. GOVERNING LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL. THIS
AGREEMENT 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 SECTION 5-1401(1) 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.

     (a) 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 AGREEMENT OR TO
ANY MATTER ARISING OUT OF OR RELATING TO THIS AGREEMENT; 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

					
	 	 	 	 	 
	 
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	 	Servicing Agreement

 

 

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 8.1 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.

     (b) 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 AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

     Section 8.9. Counterparts. This Agreement may be executed in any number of separate
counterparts, each of which shall collectively and separately constitute one agreement. Executed
counterparts may be delivered electronically.

     Section 8.10. Severability. Wherever possible, each provision of this Agreement
shall be interpreted in such a manner as to be effective and valid under applicable law, but if any
provision of this Agreement shall be prohibited by or invalid under applicable law, such provision
shall be ineffective only to the extent of such prohibition or invalidity without invalidating the
remainder of such provision or the remaining provisions of this Agreement.

     Section 8.11. Section Titles. The section titles and table of contents contained in
this Agreement are and shall be without substantive meaning or content of any kind whatsoever and
are not a part of the agreement between the parties hereto.

					
	 	 	 	 	 
	 
	 	-14-
	 	Servicing Agreement

 

 

     Section 8.12. Limited Recourse. (a) The obligations of the Issuer under this
Agreement are solely the obligations of the Issuer. No recourse shall be had for any obligation or
claim arising out of or based upon this Agreement against any incorporator, shareholder, officer,
manager, member or director, past, present or future, of the Issuer or of any successor or of its
constituent members or its other Affiliates, either directly or through the Issuer or any
successor, whether by virtue of any constitution, statute or rule of law or by the enforcement of
any assessment or penalty or otherwise, all such liability being, by acceptance hereof and as part
of the consideration for the acceptance hereof, expressly waived and released. Any accrued
obligations owing by the Issuer under this Agreement shall be payable by the Issuer solely to the
extent that funds are available therefor from time to time in accordance with the provisions of
Section 2.12 (provided that such accrued obligations shall not be extinguished
until paid in full).

     (b) The obligations of the Servicer under this Agreement are solely the obligations of
the Servicer. No recourse shall be had for the payment of any amount owing hereunder or any
other obligation or claim arising out of or based upon this Agreement, against any
shareholder, employee, officer, manager, member or director, agent or organizer, past,
present or future, of the Servicer or of any successor thereto, either directly or through
the Servicer or any successor thereto, whether by virtue of any constitution, statute or
rule of law or by the enforcement of any assessment or penalty or otherwise, all such
liability being, by acceptance hereof and as part of the consideration for the acceptance
hereof, expressly waived and released.

     Section 8.13. Further Assurances. The Servicer shall, at its sole cost and expense,
promptly and duly execute and deliver any and all further instruments and documents, and take such
further action, that may be necessary or desirable or that the Issuer may request to enable the
Issuer to exercise and enforce its rights under this Agreement or otherwise carry out more
effectively the provisions and purposes of this Agreement.

     Section 8.14. Pledge of Assets. The Servicer hereby acknowledges that the Issuer has
granted a security interest in the Collateral to the Indenture Trustee under the Indenture, and
hereby waives any defenses it may have against the Indenture Trustee for the enforcement of this
Agreement in the event of foreclosure by the Indenture Trustee against the Collateral.
Accordingly, the parties hereto agree that, in the event of foreclosure by the Indenture Trustee
against the Collateral, the Indenture Trustee shall have the right to enforce this Agreement and
the full performance by the parties hereto of their obligations and undertakings set forth herein.
The Servicer hereby agrees to deliver to the Indenture Trustee a copy of all notices to be
delivered by the Servicer to the Issuer hereunder.

     Section 8.15. Waiver of Setoff. The Servicer hereby waives any right of setoff that
it may have for amounts owing to it under or in connection with this Agreement.

[Signatures Follow]

					
	 	 	 	 	 
	 
	 	-15-
	 	Servicing Agreement

 

 

     IN WITNESS WHEREOF, the parties have caused this Servicing Agreement to be executed by their
respective representatives thereunto duly authorized, as of the date first above written.

	 	 	 	 	 
	 	GE EQUIPMENT MIDTICKET LLC,

SERIES 2009-1

 	 
	 	By:  	CEF Equipment Holding, L.L.C.,
 	 
	 	 	its Managing Member 	 
	 	 	 	 
	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	GENERAL ELECTRIC CAPITAL 

CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

					
	 	 	 	 	 
	 
	 	S-1
	 	Servicing Agreement

 

 

EXECUTION COPY

EXHIBIT A

to Servicing Agreement

FORM OF SERVICER’S CERTIFICATE

                                        

                                        

                                        

Attention:                                         

                                        

                                        

                                        

                                        

Attention:
                                        

[SELLER NAME]

[SELLER ADDRESS]

Attention: Secretary

Moody’s Investors Service, Inc.

ABS Monitoring Department

99 Church Street

New York, New York 10007

Fitch Ratings

55 E. Monroe

Suite 3500

Chicago, IL 60610

Attn: ABS Surveillance

Deutsche Bank Trust Company Americas

60 Wall Street, 26th Floor,

MS NYC 60-2606,

New York, NY 10005

Attention: Structured Finance Services/Trust and Securities Services—Louis Bodi

[Form of Certificate to be discussed]

					
	 	 	 	 	 
	 
	 	 
	 	Annex A to Servicing Agreement

 

 

 

 

ANNEX A

to

SERVICING AGREEMENT

dated as of

September 11, 2009

Definitions and Interpretation

 

 

 

 

     SECTION 1. Definitions and Conventions. Capitalized terms used in the Servicing
Agreement shall have (unless otherwise provided elsewhere therein) the following respective
meanings:

     “Accounting Changes” means, with respect to any Person an adoption of GAAP different
from such principles previously used for reporting purposes as defined in the Accounting Principles
Board Opinion Number 20.

     “Additional Servicer” means each affiliate of the Servicer that services any of the
Loans and each Person who is not an affiliate of the Servicer, who services 10% or more of the
Loans.

     “Administration Agreement” means the Administration Agreement, dated as of September
11, 2009, between the Administrator and the Issuer.

     “Administration Fee” is defined in Section 3 of the Administration Agreement.

     “Administrator” means General Electric Capital Corporation, in its capacity as
Administrator under the Administration Agreement, or any other Person designated as a successor
administrator.

     “Affiliate” means, with respect to any Person, (a) each Person that, directly or
indirectly, owns or controls, whether beneficially, or as a trustee, guardian or other fiduciary,
five percent (5%) or more of the Stock having ordinary voting power in the election of directors of
such Person, (b) each Person that controls, is controlled by, or is under common control with such
Person, or (c) each of such Person’s officers, directors, joint venturers and partners. For the
purposes of this definition, “control” of a Person means the possession, directly or indirectly, of
the power to direct or cause the direction of its management or policies, whether through the
ownership of voting securities, by contract or otherwise.

     “Annual Percentage Rate” or “APR” of a Loan means, the interest rate or annual
rate of finance charges stated in or, if not explicitly stated, the implicit finance charge used by
the Servicer to calculate periodic payments with respect to the related Loan.

     “Appendices” means, with respect to any Related Document, all exhibits, schedules,
annexes and other attachments thereto, or expressly identified thereto.

     “Authorized Officer” means, with respect to any corporation, trust or limited
liability company, as appropriate, the Chairman or Vice-Chairman of the Board, the President, any
Vice President, the Secretary, the Treasurer, any Assistant Secretary, any Assistant Treasurer, the
Managing Member, and each other officer, employee or member of such corporation, trust or limited
liability company, as appropriate, specifically or similar governing body of such limited liability
company or trust to sign agreements, instruments or other documents on behalf of such corporation
authorized in resolutions of the board of directors of such corporation or similar governing body
of such limited liability company or trust, as appropriate.

					
	 	 	 	 	 
	 
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     “Available Amounts” means, with respect to any Payment Date all payments made by or on
behalf of the Obligors (excluding any late fees, prepayment charges, assumption fees, modifications
and other administrative fees or similar charges allowed by applicable law with respect to the
Loans that constitute part of the Servicing Fees) received during the related Collection Period;
any Recoveries received during the related Collection Period; any proceeds from insurance policies
covering the Equipment or related Obligor received during the related Collection Period;
Liquidation Proceeds received with respect to the related Collection Period; the Purchase Amount of
each Loan that became a Purchased Loan during the related Collection Period (to the extent
deposited into the Collection Account); Investment Earnings for such Payment Date; Servicing
Advances received during the related Collection Period; and payments made by a lessee pursuant to
its obligation (if any) to pay the Termination Value pursuant to the related Loan received during
the related Collection Period; provided, however, that the Available Amounts shall
not include all payments or proceeds (including Liquidation Proceeds) of any Loans the Purchase
Amount of which has been included in the Available Amounts in a prior Collection Period;
provided further, with respect to the first Payment Date, Available Amounts will exclude
payments and proceeds of interest on the Loans from the Cut-off Date through August 31, 2009.

     “Bankruptcy Code” means the provisions of title 11 of the United States Code, 11
U.S.C. §§ 101 et seq. as amended from time to time.

     “Bankruptcy Event” means, as to any Person, any of the following events: (a) a case or
proceeding shall have been commenced against such Person seeking a decree or order in respect of
such Person (i) under the Bankruptcy Code or any other applicable federal, state or foreign
bankruptcy or other similar law, (ii) appointing a custodian, receiver, liquidator, assignee,
trustee or sequestrator (or similar official) for any such Person or for any substantial part of
such Person’s assets, or (iii) ordering the winding-up or liquidation of the affairs of any such
Person; or (b) such Person shall (i) file a petition seeking relief under the Bankruptcy Code or
any other applicable federal, state or foreign bankruptcy or other similar law, (ii) consent or
fail to object in a timely and appropriate manner to the institution of proceedings thereunder or
to the filing of any such petition or to the appointment of or taking possession by a custodian,
receiver, liquidator, assignee, trustee or sequestrator (or similar official) for such Person or
for any substantial part of such Person’s assets, (iii) make an assignment for the benefit of
creditors, or (iv) take any corporate action in furtherance of any of the foregoing.

     “Business Day” means any day that is not a Saturday, a Sunday or a day on which banks
are required or permitted to be closed in the State of New York or the State of Connecticut.

     “CEF Limited Liability Company Agreement” means the Second Amended and Restated
Limited Liability Company Agreement of CEF dated September 25, 2003 as the same may be amended and
supplemented from time to time.

     “Class C Maturity Date” is defined in the Indenture.

     “Closing Date” means September 11, 2009.

     “Collateral” is defined in the Indenture.

					
	 	 	 	 	 
	 
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     “Collection Account” means the account designated as such, established and owned by
the Issuer and maintained in accordance with Section 8.2 of the Indenture.

     “Collection Period” means, with respect to any Payment Date, the calendar month
preceding the month in which the Payment Date occurs (or, if for the first Payment Date, the period
from and including the day after the Cut-off Date to and including the last day of the calendar
month preceding the calendar month in which the first Payment Date occurs).

     “Collections” is defined in the Indenture.

     “Commission” means the Securities and Exchange Commission.

     “Credit and Collection Policies” or “Credit and Collection Policy” means the
policies, practices and procedures adopted by the Issuer on the Closing Date for providing
equipment loans secured by transportation equipment, industrial equipment, construction equipment,
furniture and fixtures, maritime assets, printing presses, technology and telecommunications
equipment or other equipment, including the policies and procedures for determining the
creditworthiness of Obligors and the extension of credit to Obligors, or relating to the
maintenance of such types of loans and collections on such types of loans.

     “Cut-off Date” is defined in the Indenture.

     “Daily Deposit Event” means (i) a reduction in the Servicer’s rating below “A2” by
Moody’s or, if such rating is “A2” and is placed on a watch list for possible downgrade by Moody’s,
(ii) a reduction in the Servicer’s short-term rating below “P-1” by Moody’s, or (iii) the Servicer
is not a direct or indirect subsidiary of General Electric Company.

     “Defaulted Loan” is defined in the Purchase and Sale Agreement.

     “Determination Date” means with respect to any Transfer Date, the second Business Day
prior to such Transfer Date.

     “Eligible Deposit Account” means: (a) a segregated deposit account maintained with a
depository institution or trust company whose short-term unsecured debt obligations are rated at
least “A-1+” by S&P and at least “P-1” by Moody’s, (b) a segregated account which is either (i)
maintained in the corporate trust department of the Indenture Trustee or (ii) maintained with a
depository institution or trust company whose long term unsecured debt obligations are rated at
least “BBB-” by S&P and at least “Baa3” by Moody’s, or (c) a segregated trust account or similar
account maintained with a federally or state chartered depository institution whose long term
unsecured debt obligations are rated at least “BBB-” by S&P and at least “Baa3” by Moody’s subject
to regulations regarding fiduciary funds on deposit substantially similar to 12 C.F.R. §9.10(b) in
effect on the Closing Date.

     “Equipment” means any transportation equipment, industrial equipment, construction
equipment, maritime assets, printing presses, furniture and fixtures, technology and
telecommunications equipment or other equipment, together with all accessions thereto securing an
Obligor’s indebtedness under the respective Loan.

					
	 	 	 	 	 
	 
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     “Fitch” means Fitch, Inc. and its successors and assigns.

     “GAAP” means generally accepted accounting principles in the United States of America
as in effect on the Closing Date, modified by Accounting Changes as GAAP is further defined in
Section 2(a) of this Annex A.

     “GE Capital” means General Electric Capital Corporation, a Delaware corporation.

     “GECITS” means GE Capital Information Technology Solutions, Inc, a California
corporation.

     “Governmental Authority” is defined in the Sale Agreement.

     “IFS” means Imaging Financial Services, Inc., a Delaware corporation.

     “Indemnified Amounts” means, with respect to any Person, any and all suits, actions,
proceedings, claims, damages, losses, liabilities and expenses (including reasonable attorneys’
fees and disbursements and other costs of investigation or defense, including those incurred upon
any appeal).

     “Indenture” means the Indenture, dated September 11, 2009, between the Issuer and the
Indenture Trustee, as the same may be amended and supplemented from time to time.

     “Indenture Trustee” means Deutsche Bank Trust Company Americas, not in its individual
capacity but solely as Indenture Trustee under the Indenture, or any successor Indenture Trustee
under the Indenture.

     “Investment Earnings” means, with respect to any Payment Date, the interest and other
investment earnings (net of losses and investment expenses) on amounts on deposit in the Trust
Accounts to be included as part of Collections pursuant to Section 8.6(a) of the Indenture.

     “Issuer” means GE Equipment Midticket LLC, Series 2009-1, a Delaware limited liability
company, until a successor replaces it and, thereafter, means the successor and, for purposes of
any provision contained in the Indenture and required by the Trust Indenture Act of 1939, each
other obligor on the notes issued pursuant to the Indenture.

     “Issuer Limited Liability Company Agreement” means the Limited Liability Company
Agreement of the Issuer, dated as of September 11, 2009, among the Managing Member and the Issuer,
as the same may be amended or supplemented from time to time.

     “Lien” means a security interest (as such term is defined in Section 1-201 of Article
1 of the UCC), lien, charge, pledge, equity or encumbrance of any kind, other than tax liens,
mechanics’ liens and any liens that attach to the related Loan by operation of law as a result of
any act or omission by the related Obligor.

     “Liquidated Loan” means any Loan (i) liquidated through the sale or other disposition
of all or a portion of the related Equipment or (ii) that has been charged off in its entirety in
accordance with the Credit and Collection Policy without realizing upon the Equipment.

					
	 	 	 	 	 
	 
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     “Liquidation Proceeds” means, with respect to any Liquidated Loan, the amounts
collected in respect thereof from whatever source (including the proceeds of insurance policies
with respect to the related Equipment or Obligor) during the Collection Period in which it became a
Liquidated Loan, net of the sum of any amounts expended in connection with such liquidation and any
amounts required by law to be remitted to the Obligor on such Liquidated Loan or any creditor of
such Obligor to the extent required by applicable law or agreement.

     “Loan” means any loan included in the Schedule of Loans and any agreement (including
any invoice) pursuant to, or under which, an Obligor shall be obligated to make payments with
respect to any Loan.

     “Loan Value” is defined in the Purchase and Sale Agreement.

     “Managing Member” means CEF Equipment Holding, L.L.C., a Delaware limited liability
company or any successor Managing Member under the Issuer Limited Liability Company Agreement.

     “Material Adverse Effect” means, with respect to any Person, a material adverse effect
on (a) the business, assets, liabilities, operations, prospects or financial or other condition of
such Person, (b) the ability of such Person to perform any of its obligations under the Related
Documents in accordance with the terms thereof, (c) the validity or enforceability of any Related
Document or the rights and remedies of such Person under any Related Document or (d) the Loans, as
applicable, therefor, any interest related thereto or the ownership interests or Liens of such
Person thereon or the priority of such interests or Liens.

     “Moody’s” means Moody’s Investors Service, Inc. or any successor thereto.

     “Note Register” has the meaning specified in Section 2.4 of the Indenture.

     “Noteholder” means the person in whose name a Note is registered on the Note Register.

     “Notes” is defined in the Indenture.

     “Obligor” means, as to each Loan, any Person who owes payments under the Loan.

     “Officer’s Certificate” means, with respect to any Person, a certificate signed by an
Authorized Officer of such Person.

     “Payment Date” means, with respect to each Collection Period, the 15th day
of the calendar month following the end of that Collection Period, or, if such day is not a
Business Day, the next Business Day, commencing on October 15, 2009.

     “Person” means any individual, sole proprietorship, partnership, joint venture,
unincorporated organization, trust, association, corporation (including a business trust), limited
liability company, institution, public benefit corporation, joint stock company, or government or
any agency or political subdivision thereof, or any other entity of whatever nature.

					
	 	 	 	 	 
	 
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     “Precomputed Loan” means any Loan under which the portion of a payment allocable to
earned interest (which may be referred to in the related Loan as an add-on finance charge) and the
portion allocable to principal are determined according to the sum of periodic balances, the sum of
monthly payments or any equivalent method or are monthly actuarial loans.

     “Purchase Amount” means, as of the close of business on the last day of a Collection
Period, an amount equal to the Loan Value of the applicable Loan, as of the first day of the
immediately following Collection Period (or, with respect to any applicable Loan that is a
Liquidated Loan or Defaulted Loan, as of the day immediately prior to such Loan becoming a
Liquidated Loan or Defaulted Loan less any Liquidation Proceeds actually received by the Issuer)
plus interest accrued and unpaid thereon as of such last day at a rate per annum equal to the APR
for such Loan.

     “Purchase and Sale Agreement” means that certain Loan Purchase and Sale Agreement,
dated as of September 11, 2009 by the Transferor and the Issuer, as the same may be amended from
time to time.

     “Purchased Loan” means a Loan repurchased as of the close of business on the last day
of a Collection Period by a Seller pursuant to Section 6.2 of the Sale Agreement or repurchased as
of such time by the Transferor pursuant to Section 7.2 of the Purchase and Sale Agreement.

     “Rating Agency” means each of Fitch and Moody’s. If any of such organizations or its
successor is no longer in existence, the Issuer shall designate a nationally recognized statistical
rating organization or other comparable Person as a substitute Rating Agency, notice of which
designation shall be given to the Indenture Trustee and the Servicer.

     “Rating Agency Condition” means, with respect to any action, that (i) Moody’s shall
have been given at least 10 Business Days’ prior notice thereof and shall have not notified the
Issuer and the Indenture Trustee that such action will result in a reduction or withdrawal of the
then current rating of any Class of the Notes and (ii) Fitch shall have been given at least 10
Business Days’ prior notice thereof, delivered electronically to
notifications.abs@fitchratings.com.

     “Record Date” means, with respect to a Payment Date or Redemption Date, the close of
business on the Business Day preceding such Payment Date or Redemption Date, or, if Definitive
Notes are issued, the close of business on the last day of the calendar month preceding the month
of such Payment Date, whether or not such day is a Business Day, or if Definitive Notes were not
outstanding on such date, the date of issuance of the Definitive Notes.

     “Records” means all notes, leases, security agreements and other documents, books,
records and other information (including computer programs, tapes, disks, data processing software
and related property and rights) prepared and maintained by any Seller, the Servicer, any
Sub-Servicer or the Issuer with respect to the Loan and the Obligors thereunder.

     “Recoveries” means, with respect to any Liquidated Loan, monies collected in respect
thereof, from whatever source (other than from the sale or other disposition of the Equipment),
after such Loan became a Liquidated Loan.

					
	 	 	 	 	 
	 
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     “Redemption Date” is defined in the Indenture.

     “Regulation AB” means Subpart 229.1100 — Asset Backed Securities (Regulation AB), 17
C.F.R. §§229.1100-229.1123, as such may be amended from time to time, and subject to such
clarification and interpretation as have been provided by the Commission in the adopting release
(Asset-Backed Securities, Securities Act Release No. 33-8518, 70 Fed. Reg. 1,506, 1,531 (Jan. 7,
2005)) or by the staff of the Commission, or as may be provided by the Commission or its staff from
time to time.

     “Related Documents” means the Sale Agreement, the Purchase and Sale Agreement, the
Servicing Agreement, the Indenture, the Issuer Limited Liability Agreement, the CEF Limited
Liability Company Agreement, the Administration Agreement and all other agreements, instruments,
and documents and including all other pledges, powers of attorney, consents, assignments,
contracts, notices, and all other written matter whether heretofore, now or hereafter executed by
or on behalf of any Person, or any employee of any Person, and delivered in connection with any of
the foregoing. Any reference in the foregoing documents to a Related Document shall include all
Appendices thereto, and all amendments, restatements, supplements or other modifications thereto,
and shall refer to such Related Document as the same may be in effect at any and all times such
reference becomes operative.

     “Reporting Servicer” means the Servicer or a Servicing Function Participant, as the
case may be.

     “Reserve Account” means the account designated as such, established and owned by the
Issuer and maintained in accordance with Section 8.2 of the Indenture.

     “S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill
Companies, Inc., or any successor thereto.

     “Sale Agreement” means the Loan Sale Agreement, dated September 11, 2009, among GE
Capital, GECITS, VFS, IFS and the Transferor.

     “Schedules of Loans” means the schedules of Loans attached as Schedule I,
Schedule II, Schedule III and Schedule IV to the Sale Agreement and the
schedule attached as Schedule I to the Purchase and Sale Agreement (which schedules may be in the
form of microfiche).

     “Scheduled Payment” on a Loan means that portion of the payment required to be made by
the Obligor during any Collection Period sufficient to amortize the principal balance under (x) in
the case of a Precomputed Loan, the actuarial method or (y) in the case of a Simple Interest Loan,
the simple interest method, in each case, over the term of the Loan and to provide interest at the
APR, provided that Termination Values shall also constitute Scheduled Payments.

     “Securities Act” means the Securities Act of 1933 15 U.S.C. Section 77a et seq., as
amended, and any regulations promulgated thereunder.

     “Securities Exchange Act” means the provisions of the Securities Exchange Act of 1934
15 U.S.C. Sections 78a et seq., as amended, and any regulations promulgated thereunder.

					
	 	 	 	 	 
	 
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     “Seller” means each of GE Capital, GECITS, VFS and IFS in its capacity as a seller,
and their respective successors and assigns.

     “Servicer” means each of GE Capital, in its capacity as Servicer under this Agreement,
or any other Person designated as a Successor Servicer.

     “Servicer Default” means an event specified in Section 5.1 of the Servicing
Agreement.

     “Servicer Indemnified Person” is defined in Section 7.1 of the Servicing
Agreement.

     “Servicer Termination Notice” is defined in Section 5.1 of the Servicing
Agreement.

     “Servicer’s Certificate” means an Officer’s Certificate of the Servicer delivered
pursuant to Section 2.7 of the Servicing Agreement, substantially in the form of
Exhibit A thereto.

     “Servicing Advance” means, the amount as of the Record Date, which the Servicer may,
but is not required to, advance pursuant to Section 2.5 of the Servicing Agreement.

     “Servicing Agreement” means the Servicing Agreement, dated as of September 11, 2009
between the Servicer and the Issuer.

     “Servicing Criteria” means the “servicing criteria” set forth in Item 1122(d) of
Regulation AB, as such may be amended from time to time.

     “Servicing Fee” means, for any Collection Period, an amount equal to the product of
(a) the Servicing Fee Rate, (b) the average daily aggregate outstanding principal amount of Loans
as of the first day of such Collection Period and (c) a fraction equal to (i) the number of days in
such Collection Period, divided by (ii) 360; plus all late fees, prepayment fees,
assumption fees, modification fees, and other miscellaneous fees and amounts received during such
Collection Period.

     “Servicing Fee Rate” means 0.35%.

     “Servicing Function Participant” means any Person, other than the Servicer, that is
performing activities that address the Servicing Criteria, unless such Person’s activities relate
only to 5% or less of the Loans.

     “Servicing Records” means all documents, books, Records and other information
(including computer programs, tapes, disks, data processing software and related property and
rights) prepared and maintained by the Servicer with respect to the related Loans and the Obligors
thereunder.

     “Simple Interest Loan” means any Loan under which the portion of a payment allocable
to interest and the portion allocable to principal is determined by allocating a fixed level
payment between principal and interest, such that such payment is allocated first to the accrued
and
unpaid interest at the Annual Percentage Rate for such Loan on the unpaid principal balance
and the remainder of such payment is allocable to principal.

					
	 	 	 	 	 
	 
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     “Stock” means all shares, options, warrants, membership interests in a limited
liability company, general or limited partnership interests or other equivalents (regardless of how
designated) of or in a corporation, partnership or equivalent entity whether voting or nonvoting,
including common stock, preferred stock or any other “equity security” (as such term is defined in
Rule 3a11-1 of the General Rules and Regulations promulgated by the Securities and Exchange
Commission under the Securities Exchange Act).

     “Stockholder” means, with respect to any Person, each holder of Stock of such Person.

     “Sub-Servicer” means any Person with whom the Servicer enters into a Sub-Servicing
Agreement.

     “Sub-Servicing Agreement” means any written contract entered into between the Servicer
and any Sub-Servicer pursuant to and in accordance with Section 2.10 relating to the
servicing, administration or collection of the Loans.

     “Successor Servicer” is defined in Section 6.2.

     “Termination Value” means the “Termination Value” (if any) payable by lessee pursuant
to the applicable Loan.

     “Transfer Date” means the Business Day preceding the fifteenth day of each calendar
month.

     “Transferor” means CEF Equipment Holding, L.L.C., a Delaware limited liability
company, as transferor under the Purchase and Sale Agreement.

     “UCC” means, with respect to any jurisdiction, the Uniform Commercial Code as the same
may, from time to time, be enacted and in effect in such jurisdiction.

     “VFS” means VFS Financing, Inc., a Delaware corporation.

     SECTION 2. Other Interpretive Matters. All terms defined directly or by incorporation
in the Agreement shall have the defined meanings when used in any certificate or other document
delivered pursuant thereto unless otherwise defined therein. For purposes of the Agreement
(including this Annex A) and all certificates and other documents, unless the context
otherwise requires: (a) accounting terms not otherwise defined in the Agreement, and accounting
terms partly defined in the Agreement to the extent not defined, shall have the respective meanings
given to them under GAAP; and unless otherwise provided, references to any month, quarter or year
refer to a fiscal month, quarter or year as determined in accordance with the GE Capital fiscal
calendar; (b) terms defined in Article 9 of the UCC and not otherwise defined in such Agreement are
used as defined in that Article; (c) references to any amount as on deposit or outstanding on any
particular date means such amount at the close of business on such day; (d) the words “hereof,”
“herein” and “hereunder” and words of similar import refer to such Agreement (or the certificate or
other document in which they are used) as a whole and not to
any particular provision of such Agreement (or such certificate or document); (e) references
to any Section, Schedule or Exhibit are references to Sections, Schedules and Exhibits in or to
such Agreement (or the certificate or other document in which the reference is made), and
references

					
	 	 	 	 	 
	 
	 	A-9
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to any paragraph, subsection, clause or other subdivision within any Section or definition
refer to such paragraph, subsection, clause or other subdivision of such Section or definition; (f)
the term “including” means “including without limitation”; (g) references to any law or regulation
refer to that law or regulation as amended from time to time and include any successor law or
regulation; (h) references to any agreement refer to that agreement as from time to time amended,
restated or supplemented or as the terms of such agreement are waived or modified in accordance
with its terms; (i) references to any Person include that Person’s successors and assigns; and (j)
headings are for purposes of reference only and shall not otherwise affect the meaning or
interpretation of any provision hereof.

					
	 	 	 	 	 
	 
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