Document:

Exhibit 10.2

     

  

     

  
    DAIMLER TRUCKS RETAIL TRUST 2020-1,

      as Issuer,

     

    MERCEDES-BENZ FINANCIAL SERVICES USA LLC,

      as Administrator,

     

    DAIMLER RETAIL RECEIVABLES LLC,

      as Depositor,

     

    and

     

    U.S. BANK NATIONAL ASSOCIATION,

      as Indenture Trustee

     

    
      

    
       

         

      ADMINISTRATION AGREEMENT

       

         

      Dated as of March 1, 2020

    

     

       

    
      

     

       

    
      
        
          

      

      
      TABLE OF CONTENTS

       

         

    

    	 	 	
            Page

          
	 	 	 
	
            Section 1.01.

          	
            Capitalized Terms; Interpretive Provisions

          	
            1

          
	
            Section 1.02.

          	
            Duties of the Administrator

          	
            2

          
	
            Section 1.03.

          	
            Records

          	
            8

          
	
            Section 1.04.

          	
            Compensation

          	
            8

          
	
            Section 1.05.

          	
            Additional Information to be Furnished to the Issuer

          	
            8

          
	
            Section 1.06.

          	
            Independence of the Administrator

          	
            8

          
	
            Section 1.07.

          	
            No Joint Venture

          	
            8

          
	
            Section 1.08.

          	
            Other Activities of Administrator

          	
            8

          
	
            Section 1.09.

          	
            Term of Agreement; Resignation and Removal of Administrator

          	
            8

          
	
            Section 1.10.

          	
            Action Upon Termination, Resignation or Removal

          	
            9

          
	
            Section 1.11.

          	
            Notices

          	
            10

          
	
            Section 1.12.

          	
            Amendments

          	
            10

          
	
            Section 1.13.

          	
            Successors and Assigns

          	
            11

          
	
            Section 1.14.

          	
            GOVERNING LAW

          	
            11

          
	
            Section 1.15.

          	
            WAIVER OF JURY TRIAL

          	
            11

          
	
            Section 1.16.

          	
            Table of Contents and Headings

          	
            11

          
	
            Section 1.17.

          	
            Counterparts

          	
            12

          
	
            Section 1.18.

          	
            Severability

          	
            12

          
	
            Section 1.19.

          	
            Limitation of Liability of Owner Trustee and Indenture Trustee

          	
            12

          
	
            Section 1.20.

          	
            Third‐Party Beneficiary

          	
            12

          
	
            Section 1.21.

          	
            Successor Servicer and Administrator

          	
            12

          
	
            Section 1.22.

          	
            Nonpetition Covenants

          	
            13

          

    

       

    EXHIBITS

     

    	
            Exhibit A - Form of Power of Attorney

          	
            A-1

          

    

       

    
      i

      
        

    

    
    This ADMINISTRATION AGREEMENT, dated as of March 1, 2020 (as amended, restated, supplemented or otherwise modified from time to time, this “Agreement”), is among DAIMLER TRUCKS
      RETAIL TRUST 2020-1, as issuer (the “Issuer”), MERCEDES-BENZ FINANCIAL SERVICES USA LLC (“MBFS USA”), as administrator (the “Administrator”), DAIMLER RETAIL RECEIVABLES LLC (“Daimler Retail Receivables”), as depositor (the “Depositor”), and U.S. BANK
      NATIONAL ASSOCIATION, not in its individual capacity but solely as trustee (the “Indenture Trustee”).

     

    WHEREAS, the Issuer was continued pursuant to an amended and restated trust agreement, dated as of March 1, 2020 (the “Trust Agreement”), between the Depositor and Wilmington Trust,
      National Association , as trustee (the “Owner Trustee”);

     

    WHEREAS, the Issuer is issuing 0.00% Class A‐1 Asset Backed Notes, 1.14% Class A‐2 Asset Backed
          Notes, 1.22% Class A‐3 Asset Backed Notes and 1.37% Class A‐4 Asset Backed Notes (collectively, the “Notes”) pursuant to an indenture, dated as of the date hereof (the “Indenture”), between the Issuer and the
          Indenture Trustee;

     

    WHEREAS, in connection with the issuance of the Notes and of certain beneficial ownership interests in the Issuer, certain documents have been executed, including (i) the Indenture,
      (ii) a sale and servicing agreement, dated as of the date hereof (the “Sale and Servicing Agreement”), among the Issuer, the Depositor, MBFS USA, as seller (the “Seller”) and as servicer (in such capacity, the “Servicer”), and (iii) a receivables
      purchase agreement, dated as of the date hereof (the “Receivables Purchase Agreement”), between the Seller and the Depositor;

     

    WHEREAS, pursuant to the Trust Agreement, the Sale and Servicing Agreement and the Indenture, the Issuer and the Owner Trustee are required to perform certain duties in connection
      with the (i) Notes and the collateral therefor pledged pursuant to the Indenture (the “Collateral”) and (ii) beneficial ownership interests in the Issuer;

     

    WHEREAS, the Issuer and the Owner Trustee desire to have the Administrator perform certain of the duties of the Issuer and the Owner Trustee referred to in the preceding clause and
      to provide such additional services consistent with the terms of this Agreement and the other Basic Documents as the Issuer and the Owner Trustee may from time to time request; and

     

    WHEREAS, the Administrator has the capacity to provide the services required hereby and is willing to perform such services for the Issuer and the Owner Trustee on the terms set
      forth herein.

     

    NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained, and of other good and valuable consideration, the receipt and adequacy of which are hereby
      acknowledged, the parties hereto agree as follows:

     

    Section 1.01.       Capitalized Terms; Interpretive Provisions.  Capitalized terms used herein that are not otherwise defined shall have the meanings ascribed thereto in Appendix A to the Sale
      and Servicing Agreement, which Appendix is hereby incorporated into and made a part of this Agreement.  Appendix A also contains rules as to usage applicable to this Agreement.

     

    
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    Section 1.02.       Duties of the Administrator.

     

    (a)          The Administrator agrees to perform all of its duties as Administrator, including its
          duties under the Asset Representations Review Agreement, and, except as specifically excluded herein, agrees to perform all the duties of the Issuer and the Owner Trustee under the Issuer Basic Documents.  In addition, the Administrator shall
          consult with the Owner Trustee regarding the duties of the Issuer or the Owner Trustee under the Issuer Basic Documents.  The Administrator shall monitor the performance of the Issuer and shall advise the Owner Trustee when action is necessary to
          comply with the respective duties of the Issuer and the Owner Trustee under the Issuer Basic Documents.  The Administrator shall prepare for execution by the Issuer, or shall cause the preparation by other appropriate persons of, all such
          documents, reports, notices, filings, instruments, certificates and opinions that it shall be the duty of the Issuer or the Owner Trustee to prepare, file or deliver pursuant to the Issuer Basic Documents.  In furtherance of the foregoing, the
          Administrator shall take (or, in the case of the immediately preceding sentence, cause to be taken) all appropriate action that the Issuer or the Owner Trustee is required to take pursuant to the Indenture including such of the foregoing actions
          as are required with respect to the following matters under the Indenture (references are to Sections of the Indenture):

     

    (i)          the preparation, obtaining or filing of the instruments,
          opinions and certificates and other documents required for the release of Collateral (Section 2.13);

     

    (ii)         the duty to cause newly appointed Paying Agents, if any, to
          deliver to the Indenture Trustee the instrument specified in the Indenture regarding funds held in trust (Section 3.03);

     

    (iii)        the direction to the Indenture Trustee to deposit monies with
          Paying Agents, if any, other than the Indenture Trustee (Section 3.03);

     

    (iv)          the obtaining and preservation of the Issuer’s qualifications
          to do business in each jurisdiction where such qualification is or shall be necessary to protect the validity and enforceability of the Indenture, the Notes, the Collateral and each other instrument or agreement included in the Trust Estate
          (Section 3.04);

     

    (v)          the preparation of all supplements and amendments to the
          Indenture and all financing statements, continuation statements, instruments of further assurance and other instruments and the taking of such other actions as are necessary or advisable to protect the Trust Estate (Section 3.05);

     

    (vi)        the delivery of the Opinion of Counsel on the Closing Date and
          the annual delivery of Opinions of Counsel as to the Trust Estate, and the annual delivery of the Officer’s Certificate and certain other statements as to compliance with the Indenture (Sections 3.06 and 3.09);

     

    (vii)       the identification to the Indenture Trustee in an Officer’s
          Certificate of a Person with whom the Issuer has contracted to perform its duties under the Indenture (Section 3.07(b));

     

      

    
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    (viii)      the preparation and delivery of written notice to the Indenture
          Trustee, the Depositor and the Rating Agencies of each Servicer Termination Event and, if such Servicer Termination Event arises from the failure of the Servicer to perform any of its duties or obligations under the Sale and Servicing Agreement
          with respect to the Receivables, the taking of all reasonable steps available to remedy such failure (Section 3.07(d));

     

    (ix)        the preparation and obtaining of documents and instruments
          required for the conveyance or transfer by the Issuer of its properties or assets (Section 3.10(b));

     

    (x)         the duty to cause the Servicer to comply with the Sale and
          Servicing Agreement (Section 3.12);

     

    (xi)        the delivery of written notice to the Indenture Trustee and
          each Rating Agency of each Event of Default under the Indenture and each default by the Servicer, the Seller or the Depositor under the Sale and Servicing Agreement or by the Seller or the Purchaser under the Receivables Purchase Agreement
          (Section 3.17);

     

    (xii)       the monitoring of the Issuer’s obligations as to the
          satisfaction and discharge of the Indenture and the preparation of an Officer’s Certificate and the obtaining of the Opinion of Counsel and the Independent Certificate relating thereto (Section 4.01);

     

    (xiii)      the compliance with Section 5.04 of the Indenture with respect
          to the sale of the Trust Estate if an Event of Default shall have occurred and be continuing (Section 5.04);

     

    (xiv)      the preparation and delivery of notice to Noteholders of the
          removal of the Indenture Trustee and the appointment of a successor Indenture Trustee (Section 6.08);

     

    (xv)       the preparation of any written instruments required to confirm
          more fully the authority of any co‐trustee or separate trustee and any written instruments necessary in connection with the resignation or removal of the Indenture Trustee or any co‐trustee or separate trustee (Sections 6.08 and 6.10);

     

    (xvi)      the furnishing of the Indenture Trustee with the names and
          addresses of Noteholders during any period when the Indenture Trustee is not the Note Registrar (Section 7.01);

     

    (xvii)     the preparation and, after execution by the Issuer, the filing
          with the Commission and the Indenture Trustee of documents required to be filed on a periodic basis with, and summaries thereof as may be required by rules and regulations prescribed by the Commission and the transmission of such summaries, as
          necessary, to the Noteholders (Section 7.03);

     

    (xviii)    the opening of one or more accounts in the Indenture Trustee’s
          name, established with the Securities Intermediary and the taking of all other actions necessary with respect to investment and reinvestment of funds in such accounts (Sections 8.02 and 8.03);

     

      

    
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    (xix)      the preparation of an Issuer Request and Officer’s Certificate
          and the obtaining of an Opinion of Counsel and Independent Certificates, if necessary, for the release of the Trust Estate (Sections 8.04 and 8.05);

     

    (xx)       the preparation of Issuer Requests and Officer’s Certificates,
          the obtaining of Opinions of Counsel and the certification to the Indenture Trustee with respect to the execution of supplemental indentures and the mailing to the Noteholders and the Rating Agencies, as applicable, of notices with respect to
          such supplemental indentures (Sections 9.01 and 9.02);

     

    (xxi)      the preparation and delivery of all Officer’s Certificates,
          Opinions of Counsel and Independent Certificates with respect to any requests by the Issuer to the Indenture Trustee to take any action under the Indenture (Section 11.01(a));

     

    (xxii)     the preparation and delivery of Officer’s Certificates and the
          obtaining of Opinions of Counsel and Independent Certificates, if necessary, for the release of property from the Lien of the Indenture (Section 11.01(b));

     

    (xxiii)    the preparation and delivery of written notice to the Rating
          Agencies, upon the failure of the Issuer, the Depositor or the Indenture Trustee to give such notification, of the information required pursuant to the Indenture (Section 11.04); and

     

    (xxiv)    the recording of the Indenture, if applicable (Section 11.16).

     

    (b)          The Administrator shall:

     

    (i)          pay or cause the Servicer to pay to the Indenture Trustee from
          time to time such compensation and fees for all services rendered by the Indenture Trustee under the Indenture as have been agreed to in a separate fee schedule between the Administrator and the Indenture Trustee (which compensation shall not be
          limited by any Applicable Law in regard to the compensation of a trustee of an express trust);

     

    (ii)         except as otherwise expressly provided in the Indenture,
          reimburse the Indenture Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Indenture Trustee in accordance with any provision of the Basic Documents (including the reasonable compensation,
          expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as may be attributable to its willful misconduct, negligence or bad faith;

     

    (iii)        indemnify, or cause the Servicer to indemnify, the Indenture
          Trustee for, and hold it harmless, or cause the Servicer to hold it harmless, against, any and all losses, liabilities or expenses, including attorneys’ fees, incurred by it in connection with the administration of the Issuer and the performance
          of its duties under the Indenture, including any Expenses incurred by the Indenture Trustee in connection with the enforcement of the Administrator or Servicer’s indemnification or other obligations hereunder, except the Indenture Trustee will
          not be indemnified for, or held harmless against, any loss, liability or expense incurred by it through its own willful misconduct, negligence or bad faith;

     

    
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    (iv)        except as otherwise expressly provided in the third sentence of
          Section 7.01 of the Trust Agreement, reimburse the Owner Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Owner Trustee in accordance with any provision of the Trust Agreement (including
          reasonable compensation, expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as may be attributable to its willful misconduct, negligence or bad faith of the Owner Trustee;

     

    (v)         indemnify the Owner Trustee and its agents, successors,
          assigns, directors, officers and employees for, and hold them harmless against, any loss, obligation, damage, tax, claim, suit, liability or expense incurred without negligence, willful misconduct or bad faith on their part, arising out of or in
          connection with the acceptance or administration of the transactions contemplated by the Trust Agreement, including the reasonable costs and expenses of defending themselves against any claim or liability in connection with the exercise or
          performance of any of their powers or duties under the Trust Agreement; and

     

    (vi)        promptly appoint a successor Indenture Trustee pursuant to
          Section 6.08 of the Indenture, upon the Indenture Trustee’s resignation or removal, or if the office of the Indenture Trustee becomes vacant for any other reason.

     

    (c)          In addition to the duties set forth in Sections 1.02(a) and (b), the Administrator
          shall (i) execute on behalf of the Issuer or the Owner Trustee and (ii) perform such calculations and shall prepare or shall cause the preparation by other appropriate Persons of all such documents, notices, reports, filings, instruments,
          certificates and opinions that the Issuer or the Owner Trustee are required to prepare, file or deliver pursuant to the Issuer Basic Documents or are otherwise authorized to prepare, file or deliver pursuant to the Basic Documents, and at the
          request of the Owner Trustee, shall take all appropriate action that the Issuer or the Owner Trustee are required to take pursuant to the Issuer Basic Documents.  In furtherance thereof, the Owner Trustee shall, on behalf of itself and of the
          Issuer, execute and deliver to the Administrator and to each successor Administrator appointed pursuant to the terms hereof, one or more powers of attorney substantially in the form of Exhibit A, appointing the Administrator the attorney-in-fact
          of the Owner Trustee and the Issuer for the purpose of executing on behalf of the Owner Trustee and the Issuer all such documents, reports, filings, instruments, certificates and opinions.  Subject to Section 1.06, and in accordance with the
          directions of the Owner Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing
          provisions and as are expressly requested by the Owner Trustee and are reasonably within the capability of the Administrator.

     

    (d)          Notwithstanding anything in this Agreement or the other Basic Documents to the
          contrary, the Administrator shall be responsible for promptly notifying the Owner Trustee in the event that any withholding tax is imposed on the Issuer’s payments (or allocations of income) to a Certificateholder as contemplated in
          Section 5.01(c) of the Trust Agreement.  Any such notice shall specify the amount of any withholding tax required to be withheld by the Owner Trustee pursuant to such provision.

     

      

    
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    (e)          Notwithstanding anything in this Agreement or the other Basic Documents to the
          contrary, the Administrator shall be responsible for performance of the duties of the Owner Trustee set forth in Section 5.04 of the Trust Agreement with respect to, among other things, accounting and reports to Certificateholders.

     

    (f)          To the extent that any tax withholding is required, the Administrator shall deliver to
          the Owner Trustee and the Indenture Trustee, on or before January 31, 2021, a certificate of an Authorized Officer in form and substance satisfactory to the Owner Trustee as to such tax withholding and the procedures to be followed with respect
          thereto to comply with the requirements of the Code.  The Administrator shall update such certificate if any additional tax withholding is subsequently required or any previously required tax withholding shall no longer be required.

     

    (g)          The Administrator shall perform the duties of the Administrator specified in
          Section 10.02 of the Trust Agreement required to be performed in connection with the resignation or removal of the Owner Trustee, and any other duties expressly required to be performed by the Administrator under the Trust Agreement, the Asset
          Representations Review Agreement or any other Basic Document.

     

    (h)          In carrying out the foregoing duties or any of its other obligations under this
          Agreement, the Administrator may enter into transactions or otherwise deal with any of its Affiliates; provided, however, that the terms of any such transactions or dealings shall be in accordance with any directions received from the Issuer and
          shall be, in the Administrator’s opinion, no less favorable to the Issuer than would be available from unaffiliated parties.

     

    (i)          With respect to matters that in the reasonable judgment of the Administrator are
          non‐ministerial, the Administrator shall not take any action unless within a reasonable time before the taking of such action, the Administrator shall have notified the Owner Trustee of the proposed action and the Owner Trustee shall not have
          withheld consent, which consent shall not be unreasonably withheld or delayed, or provided an alternative direction.  For the purpose of the preceding sentence, “non‐ministerial matters” shall include:

     

    (i)          the amendment of or any supplement to the Indenture;

     

    (ii)         the initiation of any claim or lawsuit by the Issuer and the
          compromise of any action, claim or lawsuit brought by or against the Issuer (other than in connection with the collection of the Receivables);

     

    (iii)        the amendment, change or modification of the Basic Documents;

     

    (iv)        the appointment of successor Note Registrars, successor Paying
          Agents and successor Indenture Trustees pursuant to the Indenture or the appointment of successor Administrators or Successor Servicers, or the consent to the assignment by the Note Registrar, any Paying Agent or Indenture Trustee of its
          obligations under the Indenture;

     

      

    
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    (v)         the appointment of successor Owner Trustees pursuant to the
          Trust Agreement; and

     

    (vi)        the removal of the Indenture Trustee.

     

    (j)          Notwithstanding anything to the contrary in this Agreement, the Administrator shall not be obligated to, and shall
        not, (i) make any payments to the Noteholders under the Basic Documents, (ii) take any other action that the Issuer directs the Administrator not to take on its behalf or (iii) take any other action which may be construed as having the effect of
        varying the investment of the Securityholders.

     

    (k)          The Administrator may enter into subservicing agreements with one or more subservicers for the performance of all or
        part of the Administrator’s duties hereunder.  References herein to actions taken or to be taken by the Administrator include actions taken or to be taken by a subservicer on behalf of the Administrator.  Each subservicing agreement will be upon
        such terms and conditions as are not inconsistent with this Agreement and as the Administrator and the subservicer have agreed.

     

    (l)          If requested by the Depositor for purposes of compliance with its reporting obligations under the Exchange Act, the
        Administrator will provide to the Depositor and the Servicer on or before March 1 of each year beginning March 1, 2021, the servicing criteria assessment required to be filed in respect of the Issuer under the Exchange Act under Item 1122 of
        Regulation AB if periodic reports under Section 15(d) of the Exchange Act, or any successor provision thereto, are required to be filed in respect of the Issuer and shall cause a firm of independent certified public accountants, who may also render
        other services to the Administrator, the Servicer, the Seller or the Depositor, to deliver to the Depositor and the Servicer the attestation report that would be required to be filed in respect of the Issuer under the Exchange Act if periodic
        reports under Section 15(d) of the Exchange Act, or any successor provision thereto, were required to be filed in respect of the Issuer.  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 Exchange Act.  In the event that an overall opinion cannot be expressed, such registered public accounting firm shall state in such report why it was unable to express such an opinion.

     

    The Administrator and the Depositor acknowledge and agree that the purpose of this Section 1.02(l) is to facilitate compliance by the Depositor with the provisions of Regulation AB and the related rules
      and regulations of the Commission.  The Depositor shall not exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the
      Exchange Act and the rules and regulations of the Commission under the Securities Act and the Exchange Act.  The Administrator acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive
      guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel or otherwise, and the Administrator agrees to comply with all reasonable requests made by the Depositor in good
      faith for delivery of information and shall deliver to the Depositor all information and certifications reasonably required by the Depositor to comply with its Exchange Act reporting obligations, including with respect to any of its predecessors or
      successors. The obligations of the Administrator to provide such information shall survive the removal or termination of the Administrator as Administrator hereunder.

     

    
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    Section 1.03.       Records.  The Administrator shall maintain appropriate books of account and records relating to services performed hereunder, which books
      of account and records shall be accessible for inspection by the Issuer and the Depositor at any time during normal business hours, upon reasonable prior notice.

     

    Section 1.04.       Compensation.  As compensation for the performance of the Administra-tor’s obligations under this Agreement and as reimbursement for its
      expenses related thereto, the Administrator shall be entitled to a monthly payment of compensation which shall be solely an obligation of the Servicer.

     

    Section 1.05.       Additional Information to be Furnished to the Issuer.  The Administrator shall furnish to the Issuer from time to time such additional
      information regarding the Collateral as the Issuer may reasonably request.

     

    Section 1.06.       Independence of the Administrator.  For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not
      be subject to the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder.  Unless expressly authorized by the Issuer, the Administrator shall have no authority
      to act for or represent the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.

     

    Section 1.07.       No Joint Venture.  Nothing contained in this Agreement shall (i) constitute the Administrator and either the Issuer or the Owner Trustee
      as members of any partnership, joint venture, association, syndicate, unincorporated business or other separate entity, (ii) be construed to impose any liability as such on any of them or (iii) be deemed to confer on any of them any express, implied
      or apparent authority to incur any obligation or liability on behalf of the others.

     

    Section 1.08.       Other Activities of Administrator.  Nothing herein shall prevent the Administrator or its Affiliates from engaging in other businesses or,
      in its sole discretion, from acting in a similar capacity as an administrator for any other Person, even though such Person may engage in business activities similar to those of the Issuer, the Owner Trustee or the Indenture Trustee.

     

    Section 1.09.       Term of Agreement; Resignation and Removal of Administrator.  This Agreement shall continue in force until the dissolution of the Issuer,
      upon which event this Agreement shall automatically terminate.

     

    (a)          Subject to Section 1.09(c), (i) the Administrator may resign its duties hereunder by
          providing the Issuer with at least 60 days’ prior written notice and (ii) the Issuer may remove the Administrator without cause by providing the Administrator with at least 60 days’ prior written notice.

     

    
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    (b)          Subject to Section 1.09(c), at the sole option of the Issuer, the Administrator may be
          removed immediately upon written notice of termination from the Issuer to the Administrator if any of the following events shall occur:

     

    (i)          the Administrator shall default in the performance of any of
          its duties under this Agreement and, after notice of such default, shall not cure such default within ten days (or, if such default cannot be cured in such time, shall not give within ten days such assurance of cure as shall be reasonably
          satisfactory to the Issuer); or

     

    (ii)         an Insolvency Event occurs with respect to the Administrator.

     

    The Administrator agrees that if an Insolvency Event occurs with respect to it, it shall give written notice thereof to the Issuer and the Indenture Trustee within seven days after
      the occurrence of such event.

     

    (c)          No resignation or removal of the Administrator pursuant to this Section shall be
          effective until (i) a successor Administrator shall have been appointed by the Issuer and (ii) such successor Administrator shall have agreed in writing to be bound by the terms of this Agreement in the same manner as the Administrator is bound
          hereunder.  The appointment of any successor Administrator shall be effective after providing prior written notice to each Rating Agency with respect to the proposed appointment.

     

    (d)          Subject to Section 1.09(c), the Administrator acknowledges that upon the appointment of
          a Successor Servicer pursuant to the Sale and Servicing Agreement, the Administrator shall immediately resign and such Successor Servicer shall automatically become the Administrator under this Agreement.

     

    Section 1.10.       Action Upon Termination, Resignation or Removal.  Promptly upon the effective date of termination of this Agreement pursuant to the first
      sentence of Section 1.09 or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (d), respec-tively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such
      termination, resignation or removal.  The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the
      Administrator.  In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (d), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in
      making an orderly transfer of the duties of the Administrator.

     

    Section 1.11.       Notices.  Unless otherwise specified in this Agreement, all notices, requests, demands, consents, waivers or other communications to or from the parties to this Agreement will
      be in writing.  Notices, requests, demands, consents and other communications will be deemed to have been given and made, (i) upon delivery or, in the case of a letter mailed via registered first class mail, postage prepaid, three days after deposit
      in the mail and (ii) in the case of (a) a facsimile, when receipt is confirmed by telephone or by reply e‐mail or reply facsimile from the recipient, (b) an e-mail, when receipt is confirmed by telephone or by reply e‐mail from the recipient and
      (c) an electronic posting to a password-protected website, upon printed confirmation of the recipient’s access to such password-protected website, or when notification of such electronic posting is confirmed in accordance with clauses (ii)
      (b) through (ii)(c) above.  Unless otherwise specified in this Agreement, any such notice, request, demand, consent or other communication will be delivered or addressed, in the case of (i) the Issuer or the Owner Trustee, at the Corporate Trust
      Office (e-mail: mhollis@wilmingtontrust.com, telecopier: (302) 636-4140), (ii) the Administrator, at 36455 Corporate Drive, Farmington Hills, Michigan  48331, Attention: Steven C. Poling (e-mail: steven.c.poling@daimler.com, telecopier: (817)
      224-3587), (iii) the Depositor, at 36455 Corporate Drive, Farmington Hills, Michigan 48331, Attention: Michelle D. Spreitzer (email: michelle.d.spreitzer@daimler.com, telecopier: (817) 224-3587) and (iv) the Indenture Trustee, at its Corporate Trust
      Office, (e-mail: melissa.rosal@usbank.com, telecopier: (312) 332-7996); or as to each of the foregoing, at such other address as shall be designated by written notice to the other entities.

     

    
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    Section 1.12.       Amendments.  This Agreement may be amended from time to time by a written amendment duly executed and delivered by the parties hereto,
      with the written consent of the Owner Trustee but without the consent of the Securityholders, for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or of modifying in any manner
      the rights of the Securityholders; provided, that no such amendment shall materially and adversely affect the interest of any Securityholder.  This Agreement may also be amended by the parties hereto with the written consent of the Noteholders
      evidencing at least 51% of the Note Balance of the Notes or, if the Notes have been paid in full, the Certificateholders evidencing at least 51% of the aggregate Certificate Percentage Interest for the purpose of adding any provisions to or changing
      in any manner or eliminating any of the provisions of this Agreement or of modifying in any manner the rights of the Securityholders; provided, however, that no such amendment may (i) increase or reduce in any manner the amount of, or accelerate or
      delay the timing of, collections of payments on the Receivables or distributions that are required to be made for the benefit of the Securityholders or (ii) reduce the percentage of the Note Balance or of the Certificate Percentage Interest, the
      consent of the Noteholders or the Certificateholders, respectively, of which is required for this amendment, in each case without the consent of the Holders of all outstanding Securities adversely affected by the amendment.

     

    An amendment to this Agreement shall be deemed not to materially adversely affect the interests of any Securityholder if the Person requesting such amendment obtains and delivers to
      the Owner Trustee and the Indenture Trustee an Opinion of Counsel or an Officer’s Certificate of the Issuer to that effect and, with respect to the Notes, by satisfaction of the Rating Agency Condition with respect to such amendment.  Notwithstanding
      the foregoing, the Administrator may not amend this Agreement without the consent of the Depositor, which consent shall not be unreasonably withheld.

     

    Section 1.13.       Successors and Assigns.  This Agreement may not be assigned by the Administrator unless such assignment is previously consented to in
      writing by the Issuer and the Owner Trustee, and subject to the satisfaction of the Rating Agency Condition in respect thereof.  An assignment with such consent and satisfaction, if accepted by the assignee, shall bind the assignee hereunder in the
      same manner as the Administrator is bound hereunder.  Notwithstand-ing the foregoing, this Agreement may be assigned by the Administrator without the consent of the Issuer or the Owner Trustee to a corporation or other organization that is a
      successor (by merger, consolidation or purchase of assets) to the Administrator; provided, that such successor organization executes and delivers to the Issuer, the Owner Trustee and the Indenture Trustee an agreement, in form and substance
      reasonably satisfactory to the Owner Trustee and the Indenture Trustee, in which such corporation or other organization agrees to be bound hereunder by the terms of said assignment in the same manner as the Administrator is bound hereunder.  Subject
      to the foregoing, this Agreement shall bind any successors or assigns of the parties hereto.

     

    
      10

      
        

    

    Section 1.14.       GOVERNING LAW.  THIS AGREEMENT SHALL BE GOVERNED BY AND
      CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO ANY OTHERWISE APPLICABLE PRINCIPLES OF CONFLICT OF LAWS (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW), AND THE OBLIGATIONS, RIGHTS AND
      REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

     

    Section 1.15.       WAIVER OF JURY TRIAL.  TO THE EXTENT PERMITTED BY APPLICABLE
      LAW, EACH OF THE PARTIES HERETO WAIVES ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE BETWEEN THE PARTIES HERETO ARISING OUT OF, CONNECTED WITH, RELATED TO OR INCIDENTAL TO THE
      RELATIONSHIP BETWEEN ANY OF THEM IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.  INSTEAD, ANY SUCH DISPUTE RESOLVED IN COURT WILL BE RESOLVED IN A BENCH TRIAL WITHOUT A JURY.

     

    Section 1.16.       Table of Contents and Headings.  The Table of Contents and the various headings in this Agreement are included for convenience only and
      will not affect the meaning or interpretation of any provision of this Agreement.

     

    Section 1.17.       Counterparts.  This Agreement may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered
      shall be an original, but all such counterparts shall together constitute but one and the same instrument.

     

    Section 1.18.       Severability.  If any one or more of the covenants, agreements, provisions or terms of this Agreement shall be for any reason whatsoever
      held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions and terms of this Agreement and shall in no way affect the validity or enforceability of the other
      covenants, agreements, provisions and terms of this Agreement.

     

    Section 1.19.       Limitation of Liability of Owner Trustee and Indenture Trustee.

     

    (a)          Notwithstanding anything contained herein to the contrary, it is expressly understood and agreed by the parties
        hereto that (i) this Agreement is executed and delivered by Wilmington Trust, National Association, not individually or personally but solely as Owner Trustee, in the exercise of the powers and authority
        conferred and vested in it, (ii) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as a personal representation, undertaking or agreement by the Owner Trustee but is made and
        intended for the purpose of binding only the Issuer, (iii) nothing herein contained shall be construed as creating any liability on the Owner Trustee, individually or personally, to perform any covenant either expressed or implied contained herein,
        all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto, (iv) the Owner Trustee has not verified and has made no investigation as to the accuracy or completeness of
        any representations or warranties made by the Issuer hereunder and (v) under no circumstances shall the Owner Trustee be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any
        obligation, representation, warranty or covenant made or undertaken by the Issuer under this Agreement or any other related documents.  For all purposes of this Agreement, in the performance of any duties or obligations of the Issuer hereunder, the
        Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust Agreement.

     

    
      11

      
        

    

    (b)          Notwithstanding anything contained herein to the contrary, this Agreement has been executed by U.S. Bank National Association solely in its capacity as Indenture Trustee under the Indenture, and in no event shall the Indenture Trustee in its individual capacity have any liability for the representations, warranties,
        covenants, agreements or other obligations of the Issuer hereunder or in any of the certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to the assets of the Issuer.

     

    Section 1.20.       Third‐Party Beneficiary.  The Owner Trustee is a third‐party beneficiary to this Agreement and is entitled to the rights and benefits
      hereunder and may enforce the provisions hereof as if it were a party hereto.

     

    Section 1.21.       Successor Servicer and Administrator.  The Administrator shall undertake, as promptly as possible after the giving of notice of
      termination to the Servicer of the Servicer’s rights and powers pursuant to Section 7.01 of the Sale and Servicing Agreement, to enforce the provisions of Section 7.02 of the Sale and Servicing Agreement with respect to the appointment of a Successor
      Servicer.  Such Successor Servicer shall, upon compliance with the second to last sentence of Section 7.02 of the Sale and Servicing Agreement, become the successor Administrator hereunder; provided, however, that if the Indenture Trustee shall
      become such successor Administrator, the Indenture Trustee shall not be required to perform any obligations or duties or conduct any activities as successor Administrator that would be prohibited by law and not within the banking and trust powers of
      the Indenture Trustee.  In such event, the Indenture Trustee may appoint a sub-administrator to perform such obligations and duties. Any transfer of servicing pursuant to Section 7.02 of the Sale and Servicing Agreement and related succession as
      Administrator hereunder shall not constitute an assumption by the related successor Administrator of any liability of the related outgoing Administrator arising out of any breach by such outgoing Administrator of such outgoing Administrator’s duties
      hereunder prior to such transfer.

     

    Section 1.22.       Nonpetition Covenants.

     

    (a)          Each of the Depositor, the Administrator, the Owner Trustee and the Indenture Trustee
          covenants and agrees that it will not at any time institute against, or join any Person in instituting against, the Issuer any bankruptcy, reorganization, arrangement, insolvency or liquidation Proceedings, or other Proceedings under any
        Insolvency Law in connection with any obligations relating to any of the Basic Documents and agrees that it will not cooperate with or encourage others to file a bankruptcy petition against the Issuer during the same period.

     

    (b)          Each of the Issuer, the Administrator, the Owner Trustee and the Indenture Trustee covenants and agrees that it will
        not at any time institute against, or join any Person in instituting against, the Depositor any bankruptcy, reorganization, arrangement, insolvency or liquidation Proceedings, or other Proceedings under any Insolvency Law in connection with any
        obligations relating to any of the Basic Documents and agrees that it will not cooperate with or encourage others to file a bankruptcy petition against the Depositor during the same period.

    

       

    
      12

      
        

    

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

     

    	 	
            DAIMLER TRUCKS RETAIL TRUST 2020-1, as Issuer

          
	 	 
	 	
            By:

          	
            WILMINGTON TRUST, NATIONAL

             ASSOCIATION, not in its individual capacity

             but solely as Owner Trustee

          
	 	 	 
	 	
            By:

          	 
	 	 	
            Name:

          
	 	 	
            Title:

          
	 	 	 
	 	
            DAIMLER RETAIL RECEIVABLES LLC,

          
	 	
            as Depositor

          
	 	 	 
	 	
            By:

          	 
	 	 	
            Name:

          
	 	 	
            Title:

          
	 	 	 
	 	
            U.S. BANK NATIONAL ASSOCIATION,

          
	 	
            not in its individual capacity but solely as Indenture Trustee

          
	 	 	 
	 	
            By:

          	 
	 	 	
            Name:

          
	 	 	
            Title:

          
	 	 	 
	 	
            MERCEDES-BENZ FINANCIAL SERVICES 

            USA LLC, as Administrator

          
	 	 	 
	 	
            By:

          	 
	 	 	
            Name:

          
	 	 	
            Title

          

    

       

    
      Administration Agreement

    

    

       

    
      
        

    

    
    EXHIBIT A

     

    POWER OF ATTORNEY PURSUANT TO

      SECTION 1.02(c) OF ADMINISTRATION AGREEMENT

     

    KNOW ALL MEN BY THESE PRESENTS, that Wilmington Trust, National Association, a national banking association,  not in its individual capacity but solely as Owner Trustee of Daimler
      Trucks Retail Trust 2020-1, a Delaware statutory trust (the “Issuer”), as grantor (in such capacity, the “Grantor”), does hereby appoint MBFS USA LLC, a Delaware limited liability company (“MBFS USA”), as grantee (the “Grantee”), as its
      attorney-in-fact with full power of substitution and hereby authorizes and empowers the Grantee, in the name of and on behalf of the Grantor or the Issuer, to take the following actions from time to time with respect to the duties of MBFS USA, as
      administrator (in such capacity, the “Administrator”) under the administration agreement, dated as of March 1, 2020 (the “Administration Agreement”), among the Issuer, the Administrator, Daimler Retail Receivables LLC (“Daimler Retail Receivables”)
      and U.S. Bank National Association, for the purpose of executing on behalf of the Grantor or the Issuer all such documents, reports, filings, instruments, certificates and opinions required pursuant to the Basic Documents.

     

    The Grantee is hereby empowered to do any and all lawful acts necessary or desirable to effect the performance of its duties as Administrator under the Administration Agreement and
      the Grantor hereby ratifies and confirms any and all lawful acts the Grantee shall undertake pursuant to and in conformity with this Power of Attorney.

     

    This Power of Attorney is revocable in whole or in part as to the powers herein granted upon notice by the Grantor.  If not earlier revoked, this Power of Attorney shall expire
      completely or, if so indicated, in part, upon the earlier of the (i) termination of the amended and restated trust agreement, dated as of March 1, 2020 (the “Trust Agreement”), between Daimler Retail Receivables, as depositor, and Wilmington Trust,
      National Association (“WTNA”), as owner trustee, or (ii) termination of the Administration Agreement.  Capitalized terms used herein that are not otherwise defined shall have the meanings ascribed thereto in the Trust Agreement or, if not defined
      therein, in the Administration Agreement, as the case may be.

     

    This Power of Attorney shall be created under and governed and construed under the internal laws of the State of New York.

     

    The Grantor executes this Power of Attorney with the intent to be legally bound hereby, and with the intent that such execution shall have the full dignity afforded by the
      accompanying witnessing and notarization and all lesser dignity resulting from the absence of such witnessing and notarization or any combination thereof.

     

       

    
      A-1

      
        

    

    It is expressly understood and agreed by the Grantee and any person relying on this Power of Attorney that (a) the Administration Agreement and this Power of Attorney is executed and
      delivered by WTNA, not individually or personally, but solely as Owner Trustee, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations, undertakings and agreements made in the Administration Agreement
      or in this Power of Attorney on the part of the Grantor is made and intended not as personal representations, undertakings and agreements by WTNA but is made and intended for the purpose of binding only the Grantor, (c) nothing in the Administration
      Agreement or herein contained shall be construed as creating any liability on WTNA, individually or personally, to perform any covenant either expressed or implied contained in the Administration Agreement or herein of the Grantor or the Owner
      Trustee, all such liability, if any, being expressly waived by the Grantee and any person relying on this Power of Attorney and by any person claiming by, through or under the Grantee or such person, (d) WTNA has made no investigation as to the
      accuracy or completeness of any representations and warranties made in the Administration Agreement or herein and (e) under no circumstances shall WTNA be personally liable for the payment of any indebtedness or expenses of the Grantor or the Owner
      Trustee or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Grantor or the Owner Trustee under the Administration Agreement, this Power of Attorney or any other related documents.

     

    Notwithstanding anything herein to the contrary, this Power of Attorney does not, and is not intended to, and will not be construed to, grant any authority to the Grantee to (i)
      expand, increase, incur, or otherwise impose any duties, liabilities or obligations of or on the Owner Trustee, as trustee or in its individual capacity, or (ii) provide any guaranty, indemnity or property of the Owner Trustee, as trustee or in its
      individual capacity, for any reason whatsoever.

     

    
      A-2

      
        

    

    Dated this ____ day of March, 2020.

     

    	 	
            WILMINGTON TRUST, NATIONAL 

            ASSOCIATION,

          
	 	
            not in its individual capacity but solely as Owner Trustee of Daimler Trucks Retail Trust 2020-1

          
	 	 
	 	
            By:

          	
            

               

          
	 	 	
            Name:

          
	 	 	
            Title:

          

    

       

    	
            STATE OF DELAWARE

          	
            }

          
	 	
            }

          
	
            COUNTY OF NEWCASTLE

          	
            }

          

    

       

    Before me, the undersigned authority, on this day personally appeared ____________, known to me to be the person whose name is subscribed to the foregoing instruments, and acknowledged to me that
      he/she signed the same for the purposes and considerations therein expressed.

    Sworn to before me on this ____ day of March, 2020.

    Notary Public – State of Delaware

    

       

    	

             	 

    

       

    

       

  

  A-3Exhibit 10.3

     

  

     

  
    MERCEDES-BENZ FINANCIAL SERVICES USA LLC,

      as Seller,

     

    and

     

    DAIMLER RETAIL RECEIVABLES LLC,

      as Purchaser

     

    
      

    
       

        

      RECEIVABLES PURCHASE AGREEMENT

       

        

      Dated as of March 1, 2020

    

     

       

    
      
        

      
         

          

      

    

    
      
        

    

    
    TABLE OF CONTENTS

     

    	 	 	
            Page

          
	
            ARTICLE ONE

            DEFINITIONS

          
	 
	
            Section 1.01.

          	
            Capitalized Terms; Rules of Usage

          	
            1

          
	 
	
            ARTICLE TWO

            CONVEYANCE OF RECEIVABLES

          
	 
	
            Section 2.01.

          	
            Sale and Conveyance of Receivables

          	
            1

          
	
            Section 2.02.

          	
            Receivables Purchase Price; Payments on the Receivables

          	
            3

          
	
            Section 2.03.

          	
            Transfer of Receivables

          	
            3

          
	
            Section 2.04.

          	
            Examination of Receivable Files

          	
            3

          
	
            Section 2.05.

          	
            Cross-collateralization

          	
            3

          
	 
	
            ARTICLE THREE

            REPRESENTATIONS AND WARRANTIES

          
	 
	
            Section 3.01.

          	
            Representations and Warranties of the Purchaser

          	
            4

          
	
            Section 3.02.

          	
            Representations and Warranties of the Seller

          	
            5

          
	
            Section 3.03.

          	
            Representations and Warranties as to the Receivables

          	
            6

          
	
            Section 3.04.

          	
            Seller’s Repurchase of Receivables for Breach of Representations

          	
            7

          
	
            Section 3.05.

          	
            Representations and Warranties as to Security Interests

          	
            7

          
	 
	
            ARTICLE FOUR

            CONDITIONS

          
	 
	
            Section 4.01.

          	
            Conditions to Obligation of the Purchaser

          	
            8

          
	
            Section 4.02.

          	
            Conditions to Obligation of the Seller

          	
            9

          
	 	 	 
	
            ARTICLE FIVE

            COVENANTS OF THE SELLER

          
	 
	
            Section 5.01.

          	
            Protection of Right, Title and Interest in, to and Under the Receivables

          	
            9

          
	
            Section 5.02.

          	
            Security Interests

          	
            10

          
	
            Section 5.03.

          	
            Delivery of Payments

          	
            11

          
	
            Section 5.04.

          	
            No Impairment

          	
            11

          
	
            Section 5.05.

          	
            Costs and Expenses

          	
            11

          
	
            Section 5.06.

          	
            Sale

          	
            11

          
	
            Section 5.07.

          	
            Hold Harmless

          	
            11

          
	 
	
            ARTICLE SIX

            MISCELLANEOUS PROVISIONS

          
	 
	
            Section 6.01.

          	
            Amendment

          	
            11

          

    

       

    
      i

      
        

    

    	 	 	
            Page

          
	 	 	 
	
            Section 6.02.

          	
            Termination

          	
            12

          
	
            Section 6.03.

          	
            GOVERNING LAW

          	
            12

          
	
            Section 6.04.

          	
            WAIVER OF JURY TRIAL

          	
            12

          
	
            Section 6.05.

          	
            Notices

          	13
	
            Section 6.06.

          	
            Severability

          	
            13

          
	
            Section 6.07.

          	
            Further Assurances

          	
            13

          
	
            Section 6.08.

          	
            Waivers

          	
            13

          
	
            Section 6.09.

          	
            Counterparts

          	
            13

          
	
            Section 6.10.

          	
            Successors and Assigns

          	
            13

          
	
            Section 6.11.

          	
            Table of Contents and Headings

          	
            13

          
	
            Section 6.12.

          	
            Representations, Warranties and Agreements to Survive

          	
            14

          
	
            Section 6.13.

          	
            No Petition

          	
            14

          

    

       

    	
            SCHEDULES

          
	 
	
            Schedule A – Schedule of Receivables

          	
            SA-1

          

    

       

    	
            EXHIBITS

          
	 
	
            Exhibit A – Representations and Warranties as to the Receivables

          	
            A-1

          
	
            Exhibit B – Form of First-Tier Assignment

          	
            B-1

          

    

       

    
      ii

      
        

    

    
    This RECEIVABLES PURCHASE AGREEMENT, dated as of March 1, 2020 (as amended, restated, supplemented or otherwise modified from time to time, this “Agreement”), is between MERCEDES-BENZ FINANCIAL SERVICES USA LLC, a Delaware limited liability company (“MBFS USA”), as seller (the “Seller”), and DAIMLER RETAIL RECEIVABLES LLC, a Delaware limited liability company (“Daimler Retail Receivables”), as purchaser (the “Purchaser”).

     

    WHEREAS, in the regular course of its business, the Seller purchases and originates installment sales contracts and loans
        secured by new and used trucking and transportation equipment;

     

    WHEREAS, the Seller intends to convey all of its right, title and interest in and to certain Receivables arising in connection with such installment sales contracts and loans secured by trucking and transportation equipment to the Purchaser, and the Purchaser shall convey all of its right, title and interest in and to the
        Receivables to Daimler Trucks Retail Trust 2020-1 (the “Issuer”) pursuant to the sale and servicing agreement, dated as of March 1, 2020 (the “Sale and
      Servicing Agreement”), among the Issuer, Daimler Retail Receivables and MBFS USA; and

     

    WHEREAS, the parties hereto wish to set forth the terms pursuant to which the Receivables are to be sold by the Seller to the Purchaser.

     

    NOW THEREFORE, in consideration of the premises and the mutual covenants herein contained, the parties hereto agree as follows:

     

    ARTICLE ONE

       

       DEFINITIONS

     

    Section 1.01.        Capitalized Terms; Rules of Usage.  Capitalized terms used herein that are not otherwise defined shall have the meanings ascribed
      thereto in Appendix A to the Sale and Servicing Agreement, which Appendix is hereby incorporated into and made a part of this Agreement.  Appendix A also contains rules as to usage applicable to this Agreement.

     

    ARTICLE TWO

       

       CONVEYANCE OF RECEIVABLES

     

    Section 2.01.       Sale and Conveyance of Receivables.  On the Closing Date, subject to the terms and conditions of this Agreement, the Seller agrees to
      sell to the Purchaser, and the Purchaser agrees to purchase from the Seller, the Receivables, and the other property relating thereto (as described below).

     

    (a)          Subject to satisfaction of the conditions set forth in Section 4.01, on the Closing Date, and simultaneously with the transactions to be consummated pursuant to the
      Indenture, the Sale and Servicing Agreement and the Trust Agreement, the Seller shall, pursuant to the First-Tier Assignment, sell, transfer, assign and otherwise convey to the Purchaser, and the Purchaser shall purchase from the Seller, without
      recourse (subject to the Seller’s obligations hereunder), all right, title and interest of the Seller, whether now owned or existing or hereafter acquired or arising, and wheresoever located, in, to and under the following:

     

    
      1

      
        

    

    (i)          the Receivables and all amounts due and collected on or in respect of the Receivables (including proceeds of the repurchase of
        Receivables by the Seller pursuant to Section 2.05 of the Sale and Servicing Agreement or Section 3.04 of this Agreement or the purchase of Receivables by the Servicer pursuant to Sections 3.03, 3.08 or 8.01 of the Sale and Servicing Agreement) after the Cutoff Date;

     

    (ii)         the security interests (including in the Financed Equipment) granted by the Obligors pursuant to the Receivables and any other interest of the Seller in the Financed
      Equipment;

     

    (iii)        all proceeds from claims on any insurance policies relating to the Receivables, the related Financed Equipment or the related Obligors;

     

    (iv)        the Receivable Files that relate to the Receivables;

     

    (v)         the right to realize upon any property (including the right to receive future Net Liquidation Proceeds and Recoveries) that shall have secured a Receivable and have been
      repossessed by or on behalf of the Seller; and

     

    (vi)        all present and future claims, demands, causes of action and choses in action in respect of any or all of the foregoing, and all payments on or under and all proceeds of
      every kind and nature whatsoever in respect of any or all of the foregoing, including all proceeds of the conversion thereof, voluntary or involuntary, into cash or other liquid property, all accounts, accounts receivable, general intangibles,
      chattel paper, documents, money, investment property, deposit accounts, letters of credit, letter of credit rights, insurance proceeds, condemnation awards, notes, drafts, acceptances, rights to payment of any and every kind and other forms of
      obligations and receivables, instruments and other property which at any time constitutes all or part of, or is included in, the proceeds of any of the foregoing.

     

    (b)          In connection with the foregoing conveyance, the Seller further agrees, at its own expense, to, on or prior to the Closing Date, (i) annotate and indicate in its books,
      records and computer files that the Receivables have been sold and transferred to the Purchaser pursuant to this Agreement, (ii) deliver to the Purchaser a computer file or printed or microfiche list of the Schedule of Receivables containing a true
      and complete list of the Receivables, identified by account number and by the Principal Balance as of the Cutoff Date, which file or list shall be marked as Schedule A and is hereby incorporated into and made a part of this Agreement and
      (iii) deliver or cause to be delivered the Receivable Files to or upon the order of the Purchaser.

     

    
      2

      
        

    

    (c)          The parties hereto intend that the conveyance of Receivables and related property hereunder be a sale and not a loan.  In the event that the conveyance hereunder is for
      any reason not considered a sale, including if an Insolvency Event or other insolvency Proceeding occurs with respect to the Seller or any of the Seller’s properties, the Seller hereby grants to the Purchaser a first priority security interest in all
      of the Seller’s right, title and interest in, to and under the Receivables, and all other property conveyed hereunder and all proceeds of the foregoing.  The parties intend that this Agreement constitute a security agreement under Applicable Law. 
      Such grant is made to secure the payment of all amounts payable hereunder, including the Receivables Purchase Price.  If such conveyance is for any reason considered to be a loan and not a sale, the Seller consents to the Purchaser transferring such
      security interest in favor of the Indenture Trustee to the Issuer and to the Issuer transferring the obligation secured thereby to the Indenture Trustee.

     

    Section 2.02.        Receivables Purchase Price; Payments on the Receivables.

     

    (a)          On the Closing Date, in exchange for the Receivables and other assets described in Section 2.01(a), the Purchaser shall pay the Seller the Receivables Purchase Price which
      is equal to (i) $804,019,382.54 in immediately available funds from the sale of the Notes to the Underwriters plus (ii) a capital contribution from MBFS USA to the Depositor in the amount of $295,986,222.57 (representing the fair value of the Class
      A-1 Notes and the Certificates) less (iii) the organizational, startup and transactional expenses of the Issuer, equal to $1,100,000, and the Reserve Fund Deposit.  The Purchaser, as set forth in the Sale and Servicing Agreement, shall deposit, from
      funds it receives from the sale of the Notes, the Reserve Fund Depos-it into the Reserve Fund, which amount shall be an asset of the Issuer.  The Depositor shall receive, and shall be the holder of, the Certificates.

     

    (b)          The Purchaser shall be entitled to, and shall convey such right to the Issuer pursuant to the Sale and Servicing Agreement, all amounts due and collected on or in respect of the Receivables received after the Cutoff Date.

     

    Section 2.03.        Transfer of Receivables.  Pursuant to the Sale and Servicing Agreement, the Purchaser will assign all of its right, title and
      interest in, to and under the Receivables and other assets described in Section 2.01(a) and its interests under this Agreement to the Issuer.  The parties hereto acknowledge that the Issuer will pledge its rights in, to and under the Receivables and
      other assets described in Section 2.01(a) and its interests under this Agreement to the Indenture Trustee pursuant to the Indenture.  The Purchaser shall have the right to assign its interest under this Agreement as may be required to effect the
      purposes of the Sale and Servicing Agreement, without the consent of the Seller, and the Issuer as assignee shall succeed to the rights hereunder of the Purchaser and shall have the right to assign its interest under this Agreement to the Indenture
      Trustee pursuant to the Indenture.

     

    Section 2.04.        Examination of Receivable Files.  The Seller will make the Receivable Files available to the Purchaser or its agent for examination
      at the Seller’s offices or such other location as otherwise shall be agreed upon by the Purchaser and the Seller.

     

    Section 2.05.        Cross-collateralization.  To the extent the Seller retains any interest in any item of Financed Equipment or other collateral
      securing any Receivable as a result of the related Obligor agreeing to cross-collateralize obligations owed by such Obligor to the Seller or otherwise, the Seller agrees that its interest in the Financed Equipment or other collateral will be
      expressly subordinate and junior in priority to the repayment in full of any and all amounts outstanding or due or that become due under such Receivable prior to becoming available to pay any amount outstanding or due or that becomes due under any
      other obligation owed by the Obligor.  To the extent that the Seller sells, assigns, pledges or otherwise transfers any contract and conveys any interest in any item of Financed Equipment or other collateral securing any Receivable as a result of
      such cross-collateralization, the Seller agrees that it will obtain from the transferee thereof a subordination agreement with the same terms as that set forth in the preceding sentence.

     

    
      3

      
        

    

    ARTICLE THREE

       

       REPRESENTATIONS AND WARRANTIES

     

    Section 3.01.        Representations and Warranties of the Purchaser.  The Purchaser hereby represents and warrants to the Seller as of the date of this
      Agreement and the Closing Date that:

     

    (a)          Organization and Good Standing.  The Purchaser has been duly organized and is validly existing as a limited liability company under the laws of the State of
      Delaware, and has the power to own its assets and to transact the business in which it is currently engaged.  The Purchaser has obtained all necessary licenses and approvals, and is in good standing in each jurisdiction in which the failure to so
      qualify or obtain such licenses or approvals would, in the reasonable judgment of the Purchaser, materially and adversely affect the performance by the Purchaser of its obligations under, or the validity or enforceability of, the Purchaser Basic
      Documents, the Receivables or the Securities.

     

    (b)          Power and Authority.  The Purchaser has the power and authority to execute and deliver and perform its obligations under the Purchaser Basic Documents, and the
      execution, delivery and performance of the Purchaser Basic Documents has been duly authorized by the Purchaser.  When executed and delivered, the Purchaser Basic Documents will constitute legal, valid and binding obligations of the Purchaser
      enforceable in accordance with their respective terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, fraudulent transfer or other similar laws affecting the
      enforcement of creditors’ rights in general, and by general principles of equity, regardless of whether considered in a Proceeding in equity or at law.

     

    (c)          No Violation.  The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms hereof do not conflict with, result in any
      breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a default under, the certificate of formation or limited liability company agreement of the Purchaser, or any material indenture, agreement or other
      instrument to which the Purchaser is a party or by which it is bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such material indenture, agreement or other instrument (other than
      pursuant to the Basic Documents); nor violate any Applicable Law or, to the best of its knowledge, any order, rule or regulation applicable to it of any Governmental Authority having jurisdiction over it or its properties, which conflict, breach,
      default, Lien or violation would have a material adverse effect on the performance by the Purchaser of its obligations under, or the validity or enforceability of the Purchaser Basic Documents, the Receivables or the Securities.

     

    
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    (d)          No Proceedings.  To the knowledge of the Purchaser, there are no Proceedings or investigations pending or threatened against the Purchaser before any Governmental
      Authority having jurisdiction over the Purchaser or its properties (i) asserting the invalidity of any Basic Document, (ii) seeking to prevent the consummation of any of the transactions contemplated by any Basic Document, (iii) seeking any
      determination or ruling that would materially and adversely affect the performance by the Purchaser of its obligations under, or the validity or enforceability of, any Purchaser Basic Document or (iv) seeking any determination or ruling that would
      adversely affect the United States federal tax attributes of the Issuer or the Securities.

     

    (e)          Principal Executive Office.  The chief executive office of the Purchaser is at 36455 Corporate Drive, Farmington Hills, Michigan 48331.

     

    Section 3.02.        Representations and Warranties of the Seller.  The Seller hereby represents and warrants to the Purchaser as of the date of this
      Agreement and the Closing Date, that:

     

    (a)          Organization and Good Standing.  The Seller has been duly organized and is validly existing as a limited liability company under the laws of the State of Delaware,
      and has the power to own its assets and to transact the business in which it is currently engaged.  The Seller has obtained all necessary licenses and approvals, and is in good standing in each jurisdiction in which the character of the business
      transacted by it or any properties owned or leased by it requires such authorization.

     

    (b)          Power and Authority.  The Seller has the power and authority to execute and deliver and perform its obligations under the Seller Basic Documents, and the execution,
      delivery and performance of the Seller Basic Documents has been duly authorized by the Seller.  When executed and delivered, the Seller Basic Documents will constitute legal, valid and binding obligations of the Seller enforceable in accordance with
      their respective terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, fraudulent transfer or other similar laws relating to or affecting the enforcement of
      creditors’ rights in general, and by general principles of equity, regardless of whether considered in a Proceeding in equity or at law.

     

    (c)          No Violation.  The execution, delivery and performance by the Seller of this Agreement and the sale of the Receivables, the consummation of the transactions
      contemplated hereby and by each other Seller Basic Document and the fulfillment of the terms hereof and thereof will not conflict with, result in a breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time
      or both) a default under the certificate of formation or limited liability company agreement of the Seller, nor conflict with or violate any of the terms or provisions of, or constitute (with or without notice or lapse of time or both) a default
      under, any material indenture, agreement or other instrument to which it is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such material indenture,
      agreement or other instrument (other than this Agreement); nor violate any Applicable Law or, to the best of its knowledge, any order, rule or regulation applicable to it of any Governmental Authority having jurisdiction over it or its properties,
      which breach, default, conflict, Lien or violation would have a material adverse effect on the Seller’s earnings, business affairs or business prospects, on the ability of the Seller to perform its obligations under this Agreement or on the validity
      or enforceability of the Seller Basic Documents, the Receivables or the Securities.

     

    
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    (d)          No Proceedings.  To the knowledge of the Seller, there are no Proceedings or investigations pending or threatened against the Seller before any Governmental
      Authority having jurisdiction over the Seller or its properties (i) asserting the invalidity of any Basic Document, (ii) seeking to prevent the consummation of any of the transactions contemplated by any Basic Document, (iii) seeking any
      determination or ruling that would materially and adversely affect the performance by the Seller of its obligations under, or the validity or enforceability of, any Seller Basic Document or (iv) seeking any determination or ruling that would
      adversely affect the United States federal tax attributes of the Issuer or the Securities.

     

    (e)          Principal Executive Office.  The chief executive office of the Seller is at 36455 Corporate Drive, Farmington Hills, Michigan 48331.

     

    (f)          Schedule of Receivables.  The information set forth in the Schedule of Receivables shall be true and correct in all material respects as of the close of business on
      the Cutoff Date, and the Receivables were selected (i) from those trucking and transportation equipment receivables of the Seller which met the selection criteria set forth in this Agreement and (ii) using selection procedures, believed by the
      Seller, not to be adverse to the Purchaser or Noteholders.

     

    (g)          Filings.  All filings (including UCC filings) necessary in any jurisdiction to give the Purchaser, the Issuer and the Indenture Trustee a first priority security
      interest in the Receivables shall have been made or will be made on the Closing Date.

     

    (h)          No Consents.  The Seller is not required to obtain the consent of any other party or any consent, license, approval, registration, authorization, or declaration of
      or with any Governmental Authority in connection with the execution, delivery, performance, validity, or enforceability of this Agreement or any other Seller Basic Document that has not already been obtained.

     

    (i)          Solvency.  The sale of the Receivables to the Purchaser is not being made with any intent to hinder, delay or defraud any creditors of the Seller.  The Seller is
      not insolvent, nor will the Seller be made insolvent by the transfer of the Receivables, nor does the Seller anticipate any pending insolvency.

     

    Section 3.03.        Representations and Warranties as to the Receivables.

     

    (a)          Eligibility of Receivables.  The Seller makes the
        representations and warranties set forth in Exhibit A with respect to the Receivables, on which the Purchaser relies
        in accepting the Receivables and in selling, transferring, assigning and otherwise conveying the Receivables to the Issuer under the Sale and Servicing Agreement and on which the Issuer relies in pledging the same to the Indenture Trustee pursuant to the Indenture.  Except as otherwise provided, such representations and warranties speak as of the date of execution and delivery of this Agreement and the Closing Date, but shall survive the sale, transfer, assignment and conveyance of the Receivables to the Purchaser, the subsequent sale, transfer and assignment of the Receivables by the Purchaser to the Issuer pursuant to
        the Sale and Servicing Agreement and the pledge of the Receivables by the Issuer to the Indenture Trustee pursuant to the Indenture.

     

    
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    Section 3.04.       Seller’s Repurchase of Receivables for Breach of Representations.

     

    (a)          Repurchase of Receivables.  In consideration of the sale of the Receivables pursuant to this Agreement,
        the Seller agrees to the repurchase provisions set forth in Section 2.05 of the Sale and Servicing Agreement.   This repurchase obligation shall apply to all representations and warranties contained in Section 3.03 whether or not the Seller has
        knowledge of the breach at the time of the breach or at the time the representations and warranties were made.  In consideration of the repurchase of any such Receivable the Seller shall remit an amount equal to the Purchase Amount in respect of
        such Receivable to the Issuer in the manner set forth in the Sale and Servicing Agreement.

     

    (b)          Repurchase Sole Remedy. The sole remedy for a
        breach of the Seller’s representations and warranties made in Section 3.03 is to require the Seller to repurchase the related Receivable under Section 2.05 of the Sale and Servicing Agreement.

     

    (c)          Dispute Resolution.  The Seller agrees to be
        bound by the dispute resolution terms in Section 3.17 of the Sale and Servicing Agreement as if they were part of this Agreement.

     

    Section 3.05.       Representations and Warranties as to Security Interests.  The Seller represents and warrants to the Purchaser as of the Closing Date:

     

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

     

    (b)          The Seller has taken all steps necessary to perfect its security interest against the Obligor in the Financed Equipment.

     

    (c)          The Receivables constitute “tangible chattel paper” or, in the case of Receivables relating to Dealer Loans, “accounts”, instruments” or “payment intangibles”  within the
      meaning of the applicable UCC.

     

    (d)          The Seller owns and has good and marketable title to the Receivables free and clear of any Lien, claim or encumbrance of any Person.

     

    (e)          All original executed copies of each loan agreement or installment sales contract that constitute or evidence those Receivables that constitute “tangible chattel paper”
      have been delivered to the Servicer, as custodian for the Issuer.

     

    
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    (f)          The Seller has received a written acknowledgment from the Servicer, if MBFS USA is not the Servicer, that the Servicer is holding the loan agreements or installment sales
      contracts that constitute or evidence the Receivables solely on behalf and for the benefit of the Issuer.

     

    (g)          Other than the security interest granted to the Purchaser pursuant to this Agreement, the Seller has not pledged, assigned, sold, granted a security interest in, or
      otherwise conveyed any of the Receivables.  The Seller has not authorized the filing of and is not aware of any financing statements against the Seller that include a description of collateral covering the Receivables other than any financing
      statement relating to the security interest granted to the Purchaser hereunder or that has been terminated.  The Seller is not aware of any judgment or tax lien filings against the Seller.

     

    (h)          None of the loan agreements or installment sales contracts that constitute or evidence the Receivables has any marks or notations indicating that it has been pledged,
      assigned, or otherwise conveyed to any Person other than the Purchaser.

     

    ARTICLE FOUR

       

       CONDITIONS

     

    Section 4.01.        Conditions to Obligation of the Purchaser.  The obligation of the Purchaser to purchase
      the Receivables from the Seller on the Closing Date is subject to the satisfaction of the following conditions:

     

    (a)          Representations and Warranties True.  The representations and warranties of the Seller contained herein and in the other Seller Basic Documents shall be true and
      correct on the Closing Date with the same effect as if made on the Closing Date (except that certain representations and warranties are made as of the Cutoff Date), and the Seller shall have performed all obligations to be performed by it hereunder
      and under the other Seller Basic Documents on or before the Closing Date.

     

    (b)          Computer Files Marked.  The Seller shall, at its own expense, on or before the Closing Date, indicate in its computer files that the Receivables have been sold to
      the Purchaser pursuant to this Agreement and deliver to the Purchaser an Officer’s Certificate confirming that its computer files have been marked pursuant to this subsection, and shall deliver to the Purchaser the Schedule of Receivables, certified
      by an authorized officer of the Seller to be true, correct and complete.

     

    (c)          Execution of Basic Documents.  The Basic Documents shall have been executed and delivered by the parties thereto.

     

    (d)          First-Tier Assignment.  The Purchaser shall have received the First-Tier Assignment, dated as of the Closing Date.

     

    (e)          Other Transactions.  The transactions contemplated by the Basic Documents shall be consummated on the Closing Date.

     

    
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    Section 4.02.        Conditions to Obligation of the Seller.  The obligation of the Seller to sell the Receivables to the Purchaser on the Closing Date
      is subject to the satisfaction of the following conditions:

     

    (a)          Representations and Warranties True.  The representations and warranties of the Purchaser contained herein and in the other Purchaser Basic Documents shall be true
      and correct on the Closing Date, with the same effect as if then made, and the Purchaser shall have performed all obligations to be performed by it hereunder and under the other Purchaser Basic Documents on or before the Closing Date.

     

    (b)          Payment of Receivables Purchase Price.  In consideration of the sale of the Receivables
      from the Seller to the Purchaser as provided in Section 2.01, on the Closing
      Date the Purchaser shall have paid to the Seller an aggregate amount equal to the Receivables Purchase Price.

     

    ARTICLE FIVE

       

       COVENANTS OF THE SELLER

     

    Section 5.01.        Protection of Right, Title and Interest in, to and Under the Receivables.

     

    (a)          The Seller, at its expense, shall cause this Agreement and all
        financing statements and continuation statements and any other necessary documents covering the Purchaser’s right, title and interest in, to and under the Receivables and other property conveyed by the Seller to the Purchaser hereunder to be promptly authorized, recorded, registered and filed, and at all times to be kept
        recorded, registered and filed, all in such manner and in such places as may be required by Applicable Law fully to preserve and protect the right, title and interest of the Purchaser hereunder to the Receivables
      and such other property.  The Seller shall deliver to the Purchaser file-stamped copies of, or filing receipts for, any document recorded, registered or filed as provided above, as soon as available following such recording, registration or filing. 
        The Purchaser shall cooperate fully with the Seller in connection with the obligations set forth above and will execute any and all documents reasonably
        required to fulfill the intent of this subsection.

     

    (b)          Within 30 days after the Seller makes any change in its name, identity or organizational structure which would make any financing statement or continuation statement filed in accordance with this Agreement seriously misleading
        within the meaning of the UCC as in effect in the applicable State, the Seller shall give the Purchaser notice of any such change and within 30 days after such
        change shall authorize, execute and file such financing statements or amendments as may be necessary to continue the perfection of the Purchaser’s security
        interest in the Receivables and the proceeds thereof.

     

    (c)          The Seller shall give the Purchaser written notice within 60 days
        of any relocation of any office from which the Seller keeps records concerning the Receivables or of its principal executive office or its jurisdiction of organization and whether, as a result of such relocation, the applicable provisions of the UCC would require the filing of any amendment of any previously filed financing or continuation statement or of any new financing statement and within 60 days after such relocation shall authorize, execute and file such financing statements or amendments as may be necessary to continue the perfection of the interest of the Purchaser in the Receivables and the proceeds
        thereof.  The Seller shall at all times maintain its jurisdiction of organization, its principal place of business, its chief executive office and the location of the office where the Receivable
      Files and any accounts and records relating to the Receivables are kept within the United States.

     

    
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    (d)          The Seller shall maintain accounts and records as to each Receivable accurately and in sufficient detail to permit (i) the reader thereof to know at any time the status of such Receivable, including payments and recoveries made and payments owing (and the nature of each) and (ii) reconciliation between payments or recoveries on (or
      with respect to) each Receivable.

     

    (e)          The Seller shall maintain its computer systems so that, from and after the time of the transfer of the Receivables
      to the Purchaser pursuant to this Agreement, the Seller’s master computer records (including
      any back-up archives) that refer to a Receivable shall indicate clearly and unambiguously that such Receivable is owned by the
      Purchaser (or, upon transfer of the Receivables to the Issuer, by the Issuer).  Indication of the Purchaser’s ownership of a Receivable shall be deleted from or modified
        on the Seller’s computer systems when, and only when, such Receivable shall have been paid in full or has been repurchased
        by the Seller.

     

    (f)          If at any time the Seller shall propose to sell, grant a security interest in or otherwise transfer any interest in any trucking and transportation equipment installment sales contract or loan to any prospective purchaser, lender or other transferee, the Seller shall give to such prospective purchaser, lender or other transferee computer
        tapes, compact disks, records or print-outs (including any restored from back-up archives) that, if they shall refer in any manner whatsoever to any Receivable, shall indicate clearly and unambiguously that such Receivable has been sold and is owned by the Purchaser (or, upon transfer of the Receivables to the Issuer, by the Issuer), unless such Receivable
      has been paid in full or repurchased by the Seller.

     

    (g)          The Seller shall permit the Purchaser and its agents at any time
        during normal business hours to inspect, audit and make copies of and abstracts from the Seller’s records regarding any Receivable, upon reasonable prior notice.

     

    (h)          If the Seller has repurchased one or more Receivables from the Purchaser or the Issuer pursuant to Section 3.04, the Seller shall, upon request, furnish to the Purchaser, within ten Business Days, a list of all Receivables (by Receivable number) then owned by the Purchaser or the Issuer, together with a reconciliation of
        such list to the Schedule of Receivables.

     

    Section 5.02.        Security Interests.  Except for the conveyances hereunder, the Seller covenants that it will not sell, pledge, assign or transfer to
      any other Person, or grant, create, incur, assume or suffer to exist any Lien on any Receivable, whether now existing or hereafter created, or any interest therein; the Seller will immediately notify the Purchaser of the existence of any Lien on any
      Receivable and, in the event that the interests of the Noteholders in such Receivable are materially and adversely affected, such Receivable shall be repurchased from the Purchaser by the Seller in the manner and with the effect specified in
      Section 3.04, and the Seller shall defend the right, title and interest of the Purchaser and its assigns in, to and under the Receivables, whether now existing or hereafter created, against all claims of third parties claiming through or under the
      Seller; provided, however, that nothing in this Section shall prevent or be deemed to prohibit the Seller from suffering to exist upon a Receivable any Lien for municipal or other local taxes if such taxes shall not at the time be due and payable or
      if the Seller shall currently be contesting the validity of such taxes in good faith by appropriate Proceedings and shall have set aside on its books adequate reserves with respect thereto.

     

    
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    Section 5.03.        Delivery of Payments.  The Seller covenants and agrees to deliver in kind upon receipt to the Servicer under the Sale and Servicing
      Agreement all payments received by or on behalf of the Seller in respect of the Receivables as soon as practicable after receipt thereof by the Seller.

     

    Section 5.04.       No Impairment.  The Seller covenants that it shall take no action, nor omit to take any action, which would impair the rights of the
      Purchaser, the Issuer or the Noteholders in any Receivable, nor shall it, except as otherwise provided in this Agreement or the Sale and Servicing Agreement, reschedule, revise or defer payments due on any Receivable.

     

    Section 5.05.       Costs and Expenses.  The Seller shall pay all reasonable costs and expenses incurred in connection with the perfection of the
      Purchaser’s right, title and interest in, to and under the Receivables.

     

    Section 5.06.       Sale.  The Seller agrees to treat the conveyances hereunder for all purposes (including financial accounting purposes) as an absolute
      transfer on all relevant books, records, financial statements and related documents.

     

    Section 5.07.       Hold Harmless.  The Seller shall protect, defend, indemnify and hold the Purchaser and the Issuer and their respective assigns and
      their attorneys, accountants, employees, officers and directors harmless from and against all losses, costs, liabilities, claims, damages and expenses of every kind and character, as incurred, resulting from or relating to or arising out of (i) the
      inaccuracy, nonfulfillment or breach of any representation, warranty, covenant or agreement made by the Seller in this Agreement, (ii) any legal action, including any counterclaim, that has either been settled by the litigants (which settlement, if
      the Seller is not a party thereto shall be with the consent of the Seller) or has proceeded to judgment by a court of competent jurisdiction, in either case to the extent it is based upon alleged facts that, if true, would constitute a breach of any
      representation, warranty, covenant or agreement made by the Seller in this Agreement, (iii) any actions or omissions of the Seller or any employee or agent of the Seller occurring prior to the Closing Date with respect to any Receivable or the
      related Financed Equipment or (iv) any failure of a Receivable to be originated in compliance with Applicable Law.  These indemnity obligations shall be in addition to any obligation that the Seller may otherwise have.

     

    ARTICLE SIX

       

       MISCELLANEOUS PROVISIONS

     

    Section 6.01.        Amendment.

     

    (a)          This Agreement may be amended from time to time by a written amendment duly executed and delivered by the
        parties hereto without the consent of any Securityholder to cure any ambiguity, to correct or supplement any provision herein which may be inconsistent with any other provision herein or the Prospectus or to add, change or eliminate any other provision with respect to matters or questions arising under this Agreement; provided, however, that no such amendment shall materially adversely affect the interests of any Noteholder.  Any amendment to this Agreement shall be
      deemed not to materially adversely affect the interests of any Noteholder if (i) an Opinion of Counsel to the Seller or an Officer’s Certificate of the Issuer to
      that effect is delivered to the Indenture Trustee and (ii) the Rating Agency Condition has been satisfied with respect to such action.

     

    
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    This Agreement may also be amended from time to time for any other purpose by a written amendment duly executed and delivered by the Seller and by the Purchaser with the consent of the Indenture Trustee
      and the Holders of Notes evidencing not less than 662⁄3% of the Note Balance of the Notes (or if the Notes are no longer Outstanding, Holders of Certificates evidencing not less than 51% of the aggregate Certificate Percentage Interests); provided,
      however, that no such amendment may reduce the percentage of the aggregate principal amount of the Notes the consent of the Holders of which is required for any amendment to this Agreement without the consent of all Holders of Notes then outstanding.

     

    Promptly after the execution of any such amendment, the Seller shall furnish written notification of the substance of such amendment to the Trustees and the Rating Agencies.

     

    Section 6.02.        Termination.  The respective obligations and responsibilities of the Seller and the Purchaser created hereby shall terminate, except
      for the indemnity obligations of the Seller as provided herein, upon the termination of the Issuer as provided in the Trust Agreement.

     

    Section 6.03.        GOVERNING LAW.  THIS AGREEMENT SHALL BE
        GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO ANY OTHERWISE APPLICABLE PRINCIPLES OF CONFLICTS OF LAWS (OTHER THAN SECTIONS 5‐1401 OR 4-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW), AND THE
        OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

     

    Section 6.04.        WAIVER OF JURY TRIAL.  TO THE EXTENT
        PERMITTED BY APPLICABLE LAW, EACH OF THE PARTIES HERETO WAIVES ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE BETWEEN THE PARTIES HERETO ARISING OUT OF, CONNECTED WITH, RELATED TO OR
        INCIDENTAL TO THE RELATIONSHIP BETWEEN ANY OF THEM IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.  INSTEAD, ANY SUCH DISPUTE RESOLVED IN COURT WILL BE RESOLVED IN A BENCH TRIAL WITHOUT A JURY.

     

    
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    Section 6.05.        Notices.  Unless otherwise specified in this Agreement, all notices, requests, demands, consents, waivers or other communications to or from the parties to this Agreement
      will be in writing.  Notices, requests, demands, consents and other communications will be deemed to have been given and made, (i) upon delivery or, in the case of a letter mailed via registered first class mail, postage prepaid, three days after
      deposit in the mail and (ii) in the case of (a) a facsimile, when receipt is confirmed by telephone or by reply e-mail or reply facsimile from the recipient, (b) an e-mail, when receipt is confirmed by telephone or by reply e‐mail from the recipient
      and (c) an electronic posting to a password-protected website, upon printed confirmation of the recipient’s access to such password-protected website, or when notification of such electronic posting is confirmed in accordance with clauses
      (ii)(b) through (ii)(c) above.  Unless otherwise specified in this Agreement, any such notice, request, demand, consent or other communication will be delivered or addressed, in the case of (i) the Seller, at 36455 Corporate Drive, Farmington Hills,
      Michigan 48331, Attention: Steven C. Poling (e-mail: steven.c.poling@daimler.com, telecopier: (817) 224-3587), (ii) the Purchaser, at 36455 Corporate Drive, Farmington Hills, Michigan 48331, Attention: Michelle D. Spreitzer (e-mail:
      michelle.d.spreitzer@daimler.com, telecopier: (817) 224-3587) and (iii) as to each of the foregoing, at such other address as shall be designated by written notice to the other party.

     

    Section 6.06.        Severability.  If any one or more of the covenants, agreements, provisions or terms of this Agreement is held invalid, illegal or unenforceable, then such covenants,
      agreements, provisions or terms will be deemed severable from the remaining covenants, agreements, provisions and terms of this Agreement and will in no way affect the validity, legality or enforceability of the other covenants, agreements,
      provisions and terms of this Agreement or of the Receivables or the rights of the holders thereof.

     

    Section 6.07.        Further Assurances.  The Seller and the Purchaser agree to do and perform, from time to time, any and all acts and to execute any
      and all further instruments required or reasonably requested by the other party hereto or by the Issuer or the Indenture Trustee more fully to effect the purposes of this Agreement, including the execution of any financing statements, amendments,
      continuation statements or releases relating to the Receivables for filing under the provisions of the UCC or other law of any applicable jurisdiction.

     

    Section 6.08.       Waivers.  No failure or delay on the part of the Seller or the Purchaser in exercising any power, right or remedy under this Agreement will operate as a waiver thereof, nor
      will any single or partial exercise of any such power, right or remedy preclude any other or further exercise thereof or the exercise of any other power, right or remedy.

     

    Section 6.09.       Counterparts.  This Agreement may be executed in any number of counterparts, each of which will be an original, and all of which will
      together constitute one and the same instrument.

     

    Section 6.10.       Successors and Assigns.  All covenants and agreements contained herein will be binding upon, and inure to the benefit of, the parties hereto and their respective successors
      and permitted assigns, all as provided in this Agreement.  Any request, notice, direction, consent, waiver or other instrument or action by a party to this Agreement will bind the successors and assigns of such party.  Except as otherwise provided in
      this Agreement, no other Person will have any right or obligation under this Agreement.

     

    Section 6.11.        Table of Contents and Headings.  The Table of Contents and the various headings in this Agreement are included for convenience only and will not affect the meaning or
      interpretation of any provision of this Agreement.

     

    
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    Section 6.12.        Representations, Warranties and Agreements to Survive.  The respective representations, warranties and agreements by the Seller and
      the Purchaser set forth in or made pursuant to this Agreement will remain in full force and effect and will survive the closing hereunder of the transactions contemplated hereby.

     

    Section 6.13.        No Petition.  Each of the Seller and the Purchaser covenants that it will not at any time institute against, or join any Person in instituting against, the Issuer or the
      Purchaser any bankruptcy, reorganization, arrangement, insolvency or liquidation Proceedings or other Proceedings under any Insolvency Law in connection with any obligations relating to the Notes or any Basic Document and agrees that it will not
      cooperate with or encourage others to file a bankruptcy petition against the Issuer or the Purchaser during the same period.

     

    
      14

      
        

    

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

     

    	 	
            MERCEDES-BENZ FINANCIAL SERVICES 

            USA LLC,

          
	 	
            as Seller

          
	 	 	 
	 	
            By:

          	 
	 	 	
            Name:

          
	 	 	
            Title:

          
	 	 	 
	 	
            DAIMLER RETAIL RECEIVABLES LLC,

          
	 	
            as Purchaser

          
	 	 
	 	
            By:

          	 
	 	 	
            Name:

          
	 	 	
            Title:

          

    

      DTRT 2020-1 Receivables Purchase Agreement

       

         

    

    
      
        

    

    
    SCHEDULE A

     

    SCHEDULE OF RECEIVABLES

     

    [Original on file at Purchaser’s office]

     

    
      SA-1

      
        

    

    
    EXHIBIT A

     

    REPRESENTATIONS AND WARRANTIES AS TO THE RECEIVABLES

     

    See Exhibit A to Sale and Servicing Agreement

     

    
      A-1

      
        

    

    
    EXHIBIT B

     

    FORM OF FIRST-TIER ASSIGNMENT

     

    March [●], 2020

     

    For value received, in accordance with the receivables purchase agreement, dated as of March 1, 2020 (as amended, restated, supplemented or otherwise modified
      from time to time, the “Receivables Purchase Agreement”), between MERCEDES-BENZ FINANCIAL SERVICES USA LLC (the “Seller”) and DAIMLER RETAIL RECEIVABLES LLC (the “Purchaser”), the Seller does hereby irrevocably sell, transfer, assign and otherwise
      convey unto the Purchaser, without recourse (subject to the obligations of the Seller herein and in the Receivables Purchase Agreement), all right, title and interest of the Seller, whether now owned or existing or hereafter acquired or arising, and
      wheresoever located, in, to and under the following:

     

    (i)           the Receivables listed on Schedule A hereto (the “Receivables”) and all amounts due and collected on or in respect of the Receivables (including proceeds of the
      repurchase of Receivables by the Seller pursuant to Section 2.05 of the Sale and Servicing Agreement or Section 3.04 of the Receivables Purchase Agreement or the purchase of Receivables by the Servicer pursuant to Sections 3.03, 3.08 or 8.01 of the
      Sale and Servicing Agreement) after the Cutoff Date;

     

    (ii)          the security interests (including in the Financed Equipment) granted by the Obligors pursuant to the Receivables and any other interest of the Seller in the Financed
      Equipment;

     

    (iii)        all proceeds from claims on any policies relating to the Receivables, the related Financed Equipment or the related Obligors;

     

    (iv)        the Receivable Files that relate to the Receivables;

     

    (v)          the right to realize upon any property (including the right to receive future Net Liquidation Proceeds and Recoveries) that shall have secured a Receivable and have been
      repossessed by or on behalf of the Seller; and

     

    (vi)         all present and future claims, demands, causes of action and choses in action in respect of any or all of the foregoing, and all payments on or under and all proceeds of
      every kind and nature whatsoever in respect of any or all of the foregoing, including all proceeds of the conversion thereof, voluntary or involuntary, into cash or other liquid property, all accounts, accounts receivable, general intangibles,
      chattel paper, documents, money, investment property, deposit accounts, letters of credit, letter of credit rights, insurance proceeds, condemnation awards, notes, drafts, acceptances, rights to payment of any and every kind and other forms of
      obligations and receivables, instruments and other property which at any time constitutes all or part of, or is included in, the proceeds of any of the foregoing.

     

    
      B-1

      
        

    

    In the event that the foregoing sale, transfer, assignment and conveyance is deemed to be a pledge, the Seller hereby
        grants to the Purchaser a first priority security interest in all of the Seller’s right to and interest in the Receivables and other property described in clauses (i) through (vi) above to secure a loan deemed to have been made by the Purchaser to the Seller in an amount equal to the sum of the initial principal amount of the Notes plus accrued interest thereon.

     

    THIS FIRST-TIER ASSIGNMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO ANY OTHERWISE APPLICABLE PRINCIPLES OF CONFLICTS
      OF LAWS (OTHER THAN SECTIONS 5‐1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW), AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

     

    This First-Tier Assignment is made pursuant to and upon the representations, warranties and agreements on the part of the undersigned contained in the Receivables
      Purchase Agreement and is to be governed by the Receivables Purchase Agreement.

     

    Capitalized terms used herein that are not otherwise defined shall have the meanings ascribed thereto in the Receivables
      Purchase Agreement.

     

    IN WITNESS WHEREOF, the undersigned has caused this First-Tier Assignment to be duly executed as of the day and
      year first written above.

     

    	 	
            MERCEDES-BENZ FINANCIAL SERVICES 

            USA LLC

          
	 	 
	 	
            By:

          	 
	 	 	
            Name:

          
	 	 	
            Title:

          

    

       

    

       

    
       B-2

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