Document:

EXECUTION COPY

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                         CNH EQUIPMENT TRUST 2002-A

                        SALE AND SERVICING AGREEMENT

                                   among

                        CNH EQUIPMENT TRUST 2002-A,
                                 as Issuer,

                                    and

                       CNH CAPITAL RECEIVABLES INC.,
                                 as Seller,

                                    and

                          CASE CREDIT CORPORATION,
                                as Servicer.

                         Dated as of March 1, 2002

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<PAGE>

     SALE AND SERVICING AGREEMENT (as amended or otherwise modified, this
"Agreement") dated as of March 1, 2002 among CNH EQUIPMENT TRUST 2002-A, a
Delaware business trust (the "Issuer"), CNH CAPITAL RECEIVABLES INC., a
Delaware corporation (the "Seller"), and CASE CREDIT CORPORATION, a
Delaware corporation (the "Servicer").

                                  RECITALS

     WHEREAS, the Issuer desires to purchase a portfolio of Contracts
purchased or originated by Case Credit Corporation ("Case Credit") or New
Holland Credit Company, LLC ("NH Credit"), in the ordinary course of
business and sold to the Seller on a monthly basis pursuant to the
Liquidity Receivables Purchase Agreements and/or the Purchase Agreements;

     WHEREAS, the Seller is willing to sell such Contracts to the
Issuer; and

     WHEREAS, Case Credit is willing to service such Contracts.

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

                            ARTICLE I
                           Definitions

     SECTION 1.1. Definitions. Capitalized terms used herein and not
otherwise defined herein are defined in Appendix A to the Indenture, dated
as of the date hereof, between CNH Equipment Trust 2002-A and Bank One,
National Association.

     SECTION 1.2. Other Definitional Provisions. (a) All terms defined in
this Agreement shall have the defined meanings when used in any certificate
or other document made or delivered pursuant hereto unless otherwise
defined therein.

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

<PAGE>

     (c) The words "hereof", "herein", "hereunder" and words of similar
import when used in this Agreement shall refer to this Agreement as a whole
and not to any particular provision of this Agreement; Section, Schedule
and Exhibit references contained in this Agreement are references to
Sections, Schedules and Exhibits in or to this Agreement unless otherwise
specified; and the term "including" shall mean "including, without
limitation,".

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

                           ARTICLE II
                    Conveyance of Receivables

     SECTION 2.1. Conveyance of Initial Receivables. In consideration of
the Issuer's delivery to or upon the order of the Seller on the Closing
Date of the net proceeds from the sale of the Notes and the Certificates
and the other amounts to be distributed from time to time to the Seller in
accordance with this Agreement, the Seller does hereby sell, transfer,
assign, set over and otherwise convey to the Issuer, without recourse
(subject to the obligations herein), all of its right, title and interest
in, to and under the following (collectively, the "Initial Assets"):

          (a) the Initial Receivables, including all documents constituting
     chattel paper included therewith, and all obligations of the Obligors
     thereunder, including all moneys paid thereunder on or after the
     Initial Cutoff Date;

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

          (c) any proceeds with respect to the Initial Receivables from
     claims on insurance policies covering Financed Equipment or Obligors;

          (d) the Liquidity Receivables Purchase Agreements (only with
     respect to Case Owned Contracts or NH Owned Contracts included in the
     Initial Receivables) and the Purchase Agreements, including the right
     of the Seller to cause Case Credit or NH Credit, as the case may be,
     to repurchase Initial Receivables from the Seller under the
     circumstances described therein;

          (e) any proceeds from recourse to Dealers with respect to the
     Initial Receivables other than any interest in the Dealers' reserve
     accounts maintained with Case Credit or with NH Credit;

          (f) any Financed Equipment that shall have secured an Initial
     Receivable and that shall have been acquired by or on behalf of the
     Trust;

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          (g) all funds on deposit from time to time in the Trust Accounts,
     including the Spread Account Initial Deposit, any Principal Supplement
     Account Deposit, the Negative Carry Account Initial Deposit and the
     Pre-Funded Amount, and in all investments and proceeds thereof
     (including all income thereon); and

          (h) any True Lease Equipment that is subject to any Initial
     Receivable; and

          (i) the proceeds of any and all of the foregoing.

     The above assignment shall be evidenced by a duly executed written
assignment in substantially the form of Exhibit D (the "Assignment"). The
Purchase Price for the Initial Receivables shall equal $647,102,178.68.

     SECTION 2.2. Conveyance of Subsequent Receivables. (a) Subject to the
conditions set forth in clause (b) below and the proviso set forth in
clause (c) below, in consideration of the Trustee's delivery on the related
Subsequent Transfer Date to or upon the order of the Seller of the amount
described in Section 5.7(a) to be delivered to the Seller, the Seller does
hereby sell, transfer, assign, set over and otherwise convey to the Issuer,
without recourse (subject to the obligations herein), all of its right,
title and interest in, to and under (collectively, the "Subsequent Assets";
and together with the Initial Assets, the "CNHCR Assets"):

          (i) the Subsequent Receivables listed on Schedule A to the
     related Subsequent Transfer Assignment, including all documents
     constituting chattel paper included therewith, and all obligations of
     the Obligors thereunder, including all moneys paid thereunder on or
     after the related Subsequent Cutoff Date;

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

          (iii) any proceeds with respect to such Subsequent Receivables
     from claims on insurance policies covering Financed Equipment or
     Obligors;

          (iv) the Liquidity Receivables Purchase Agreements (only with
     respect to Subsequent Receivables purchased by the Seller pursuant to
     those Agreements) and the Purchase Agreements, including the right of
     the Seller to cause Case Credit or NH Credit, as the case may be, to
     repurchase Subsequent Receivables from the Seller under the
     circumstances described therein;

          (v) any proceeds with respect to such Subsequent Receivables from
     recourse to Dealers other than any interest in the Dealers' reserve
     accounts maintained with Case Credit or with NH Credit;

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<PAGE>

          (vi) any Financed Equipment that shall have secured any such
     Subsequent Receivable and that shall have been acquired by or on
     behalf of the Trust;

          (vii) any True Lease Equipment that is subject to any Subsequent
     Receivable; and

          (viii) the proceeds of any and all of the foregoing.

     (b) Subject to the proviso set forth in clause (c) below, the Seller
shall transfer to the Issuer the Subsequent Receivables and the other
property and rights related thereto described in clause (a) only upon the
satisfaction of each of the following conditions precedent on or prior to
the related Subsequent Transfer Date:

          (i) the Seller shall have delivered to the Trustee and the
     Indenture Trustee a duly executed written assignment in substantially
     the form of Exhibit E (the "Subsequent Transfer Assignment"), which
     shall include a Schedule A to the Subsequent Transfer Assignment
     listing the Subsequent Receivables;

          (ii) the Seller shall, to the extent required by Section 5.2,
     have deposited in the Collection Account all collections in respect of
     the Subsequent Receivables;

          (iii) as of such Subsequent Transfer Date: (A) the Seller was not
     insolvent and will not become insolvent as a result of the transfer of
     Subsequent Receivables on such Subsequent Transfer Date, (B) the
     Seller did not intend to incur or believe that it would incur debts
     that would be beyond the Seller's ability to pay as such debts
     matured, (C) such transfer was not made with actual intent to hinder,
     delay or defraud any Person and (D) the assets of the Seller did not
     constitute unreasonably small capital to carry out its business as
     conducted;

          (iv) the applicable Spread Account Initial Deposit for such
     Subsequent Transfer Date shall have been made;

          (v) the applicable Principal Supplement Account Deposit, if any,
     for such Subsequent Transfer Date shall have been made;

          (vi) the Receivables in the Trust, including the Subsequent
     Receivables to be conveyed to the Trust on such Subsequent Transfer
     Date, shall meet the following criteria: (A) the weighted average
     original term of the Receivables in the Trust will not be greater than
     55 months, and (B) not more than 50% of the aggregate Contract Value
     of the Receivables in the Trust will represent Contracts for the
     financing of construction equipment, (C) not more than 5% of the
     aggregate Contract Value of the Receivables in the Trust will
     represent Contracts for the financing of all-terrain vehicles,
     snowmobiles or marine vessels collectively, (D) none of the
     Receivables in the Trust will represent Contracts originated through
     Case Credit's Soris financing program and (E) none of the Receivables
     in the Trust will represent Leases;

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          (vii) the Funding Period shall not have terminated;

          (viii) each of the representations and warranties made by the
     Seller pursuant to Section 3.1 of this Agreement and by Case Credit
     and NH Credit pursuant to Section 3.2(b) of the related Purchase
     Agreement, in each case with respect to the Subsequent Receivables,
     shall be true and correct as of such Subsequent Transfer Date, and the
     Seller shall have performed all obligations to be performed by it
     hereunder on or prior to such Subsequent Transfer Date;

          (ix) the Seller shall, at its own expense, on or prior to such
     Subsequent Transfer Date, indicate in its computer files that the
     Subsequent Receivables identified in the related Subsequent Transfer
     Assignment have been sold to the Issuer pursuant to this Agreement and
     the Subsequent Transfer Assignment;

          (x) the Seller shall have taken any action required to maintain
     the first priority perfected ownership interest of the Issuer in the
     Trust Estate and the first perfected security interest of the
     Indenture Trustee in the Collateral;

          (xi) no selection procedures believed by the Seller to be adverse
     to the interests of the Trust, the Noteholders or the
     Certificateholders shall have been utilized in selecting the
     Subsequent Receivables;

          (xii) the addition of the Subsequent Receivables will not result
     in a material adverse tax consequence to the Trust, the Noteholders or
     the Certificateholders;

          (xiii) the Seller shall have provided the Indenture Trustee, the
     Trustee and the Rating Agencies a statement listing the aggregate
     Contract Value of such Subsequent Receivables and any other
     information reasonably requested by any of the foregoing with respect
     to such Subsequent Receivables;

          (xiv) [intentionally omitted]

          (xv) the Seller shall have delivered to the Trustee and the
     Indenture Trustee a letter of a firm of independent certified public
     accountants confirming the satisfaction of the conditions set forth in
     clause (vi) with respect to the Subsequent Receivables, and covering
     substantially the same matters with respect to the Subsequent
     Receivables as are set forth in Exhibit F hereto;

          (xvi) the Seller shall have delivered to the Indenture Trustee
     and the Trustee an Officers' Certificate confirming the satisfaction
     of each condition specified in this clause (b) (substantially in the
     form attached hereto as Annex A to the Subsequent Transfer
     Assignment); and

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          (xvii) Moody's shall have received written notification from the
     Seller of the addition of all such Subsequent Receivables.

     (c) The Seller covenants to transfer to the Issuer pursuant to clause
(a) Subsequent Receivables with an aggregate Contract Value equal to
$352,897,821.32 subject only to availability thereof; provided, however,
that notwithstanding anything herein or in any other Basic Document to the
contrary, under no circumstances shall the Seller transfer to the Issuer
any Subsequent Receivables with an aggregate Contract Value greater than
zero.

                                ARTICLE III
                              The Receivables

     SECTION 3.1. Representations and Warranties of Seller. The Seller
makes the following representations and warranties as to the Receivables on
which the Issuer is deemed to have relied in acquiring the Receivables.
Such representations and warranties speak as of the execution and delivery
of this Agreement and as of the Closing Date, in the case of the Initial
Receivables, and as of the applicable Subsequent Transfer Date, in the case
of the Subsequent Receivables, but shall survive the sale, transfer and
assignment of the Receivables to the Issuer and the pledge thereof to the
Indenture Trustee pursuant to the Indenture.

     (a) Title. It is the intention of the Seller that the transfer and
assignment herein contemplated constitute a sale of the Receivables from
the Seller to the Issuer and that the beneficial interest in and title to
the Receivables not be part of the debtor's estate in the event of the
filing of a bankruptcy petition by or against the Seller under any
bankruptcy or similar law. No Receivable has been sold, transferred,
assigned or pledged by the Seller to any Person other than the Issuer.
Immediately prior to the transfer and assignment herein contemplated, the
Seller had good title to each Receivable, free and clear of all Liens and,
immediately upon the transfer thereof, the Issuer shall have good title to
each Receivable, free and clear of all Liens; and the transfer and
assignment of the Receivables to the Issuer has been perfected under the
UCC.

     If (but only to the extent) that the transfer of the CNHCR Assets
hereunder is characterized by a court or other governmental authority as a
loan rather than a sale, the Seller shall be deemed hereunder to have
granted to the Issuer a security interest in all of Seller's right, title
and interest in and to the CNHCR Assets. Such security interest shall
secure all of Seller's obligations (monetary or otherwise) under this
Agreement and the other Basic Documents to which it is a party, whether now
or hereafter existing or arising, due or to become due, direct or indirect,
absolute or contingent. The Seller shall have, with respect to the property
described in Section 2.1 and Section 2.2, and in addition to all the other

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rights and remedies available to Seller under this Agreement and applicable
law, all the rights and remedies of a secured party under any applicable
UCC, and this Agreement shall constitute a security agreement under
applicable law.

     (b) All Filings Made. All filings (including UCC filings) necessary in
any jurisdiction to give the Issuer a first priority perfected ownership
interest in the Receivables, and to give the Indenture Trustee a first
priority perfected security interest therein, have been made.

     (c) Perfection Representation. The Seller further makes all the
representations, warranties and covenants set forth in Schedule P.

     SECTION 3.2. Repurchase upon Breach. (a) The Seller, the Servicer or
the Trustee, as the case may be, shall inform the other parties to this
Agreement and the Indenture Trustee promptly, in writing, upon the
discovery of any breach of the Seller's representations and warranties made
pursuant to Section 3.1 or Section 6.1, Case Credit's representations and
warranties made pursuant to Section 3.2(b) of the Case Liquidity
Receivables Purchase Agreement or NH Credit's representations and
warranties made pursuant to Section 3.2(b) of the NH Liquidity Receivables
Purchase Agreement, Case Credit's representations and warranties made
pursuant to Section 3.2(b) of the Case Purchase Agreement or NH Credit's
representations and warranties made pursuant to Section 3.2(b) of the NH
Purchase Agreement. Unless any such breach shall have been cured by the
last day of the second (or, if the Seller elects, the first) Collection
Period after such breach is discovered by the Trustee or in which the
Trustee receives written notice from the Seller or the Servicer of such
breach, the Seller shall be obligated, and, if necessary, the Seller or the
Trustee shall enforce the obligation of Case Credit under the Case
Liquidity Receivables Purchase Agreement, of NH Credit under the NH
Liquidity Receivables Purchase Agreement, of Case Credit under the Case
Purchase Agreement or of NH Credit under the NH Purchase Agreement, as
applicable, to repurchase any Receivable materially and adversely affected
by any such breach as of such last day. As consideration for the repurchase
of the Receivable, the Seller shall remit the Purchase Amount in the manner
specified in Section 5.4; provided, however, that the obligation of the
Seller to repurchase any Receivable arising solely as a result of a breach
of Case Credit's representations and warranties pursuant to Section 3.2(b)
of the Case Liquidity Receivables Purchase Agreement, of NH Credit's
representations and warranties pursuant to Section 3.2(b) of the NH
Liquidity Receivables Purchase Agreement, of Case Credit's representations
and warranties pursuant to Section 3.2(b) of the Case Purchase Agreement or
NH Credit's representations and warranties pursuant to Section 3.2(b) of
the NH Purchase Agreement is subject to the receipt by the Seller of the
Purchase Amount from Case Credit or NH Credit, as applicable. Subject to
the provisions of Section 6.3, the sole remedy of the Issuer, the Trustee,
the Indenture Trustee, the Noteholders or the Certificateholders with
respect to a breach of the representations and warranties pursuant to
Section 3.1 and the agreement contained in this Section shall be to require
the Seller to repurchase Receivables pursuant to this Section, subject to
the conditions contained herein, and to enforce Case Credit's or NH
Credit's obligation to the Seller to repurchase such Receivables pursuant
to the Case Liquidity Receivables Purchase Agreement, NH Liquidity
Receivables Purchase Agreement, the Case Purchase Agreement or the NH
Purchase Agreement, as applicable.

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     (b) With respect to all Receivables repurchased by the Seller pursuant
to this Agreement, the Issuer shall sell, transfer, assign, set over and
otherwise convey to the Seller, without recourse, representation or
warranty, all of the Issuer's right, title and interest in, to and under
such Receivables, and all security and documents relating thereto.

     SECTION 3.3. Custody of Receivable Files. To assure uniform quality in
servicing the Receivables and to reduce administrative costs, the Issuer
hereby revocably appoints the Servicer, and the Servicer hereby accepts
such appointment, to act for the benefit of the Issuer and the Indenture
Trustee as custodian of the following documents or instruments, which are
hereby constructively delivered to the Indenture Trustee, as pledgee of the
Issuer (or, in the case of the Subsequent Receivables, will as of the
applicable Subsequent Transfer Date be constructively delivered to the
Indenture Trustee, as pledgee of the Issuer) with respect to each
Receivable:

          (a) the original fully executed copy of the Receivable;

          (b) a record or facsimile of the original credit application
     fully executed by the Obligor;

          (c) the original certificate of title or file stamped copy of the
     UCC financing statement or such other documents that the Servicer
     shall keep on file, in accordance with its customary procedures,
     evidencing the security interest of Case Credit or, in the case of a
     NH Receivable, NH Credit in the Financed Equipment; and

          (d) any and all other documents that the Servicer or the Seller
     or, in the case of NH Receivables, NH Credit shall keep on file, in
     accordance with its customary procedures, relating to a Receivable, an
     Obligor or any of the Financed Equipment.

     SECTION 3.4. Duties of Servicer as Custodian.

     (a) Safekeeping. The Servicer shall hold the Receivable Files for the
benefit of the Issuer and the Indenture Trustee and maintain such accurate
and complete accounts, records and computer systems pertaining to each
Receivable File as shall enable the Issuer to comply with this Agreement.
In performing its duties as custodian, the Servicer shall act with
reasonable care, using that degree of skill and attention that the Servicer
exercises with respect to the receivable files relating to all comparable
equipment receivables that the Servicer services for itself or others. The
Servicer shall conduct, or cause to be conducted, periodic audits of the
Receivable Files and the related accounts, records and computer systems, in
such a manner as shall enable the Issuer or the Indenture Trustee to verify
the accuracy of the Servicer's record keeping. The Servicer shall promptly
report to the Issuer and the Indenture Trustee any failure on its part to
hold the Receivable Files and maintain its accounts, records and computer

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systems as herein provided and promptly take appropriate action to remedy
any such failure. Nothing herein shall be deemed to require an initial
review or any periodic review by the Issuer, the Trustee or the Indenture
Trustee of the Receivable Files.

     (b) Maintenance of and Access to Records. The Servicer shall maintain
each Receivable File at one of its offices or, in the case of a NH
Receivable, at one of NH Credit's offices; provided that at no time shall a
Receivable File be moved to an office or location outside the geographic
boundaries of the United States. The Servicer shall make available for
inspection by the Seller, the Issuer and the Indenture Trustee or their
respective duly authorized representatives, attorneys or auditors a list of
locations of the Receivable Files and the related accounts, records and
computer systems maintained by the Servicer at such times during normal
business hours as the Seller, the Issuer or the Indenture Trustee shall
instruct.

     SECTION 3.5. Instructions; Authority To Act. The Servicer shall be
deemed to have received proper instructions with respect to the Receivable
Files upon its receipt of written instructions signed by a Trust Officer of
the Indenture Trustee.

     SECTION 3.6. Custodian's Indemnification. The Servicer as custodian
shall indemnify the Trust, the Trustee and the Indenture Trustee (and each
of their officers, directors, employees and agents) for any and all
liabilities, obligations, losses, compensatory damages, payments, costs or
expenses of any kind whatsoever that may be imposed on, incurred by or
asserted against the Trust, the Trustee or the Indenture Trustee (or any of
their officers, directors and agents) as the result of any improper act or
omission in any way relating to the maintenance and custody by the Servicer
as custodian of the Receivable Files; provided, however, that the Servicer
shall not be liable: (a) to the Trustee for any portion of any such amount
resulting from the willful misfeasance, bad faith or negligence of the
Trustee, and (b) to the Indenture Trustee for any portion of any such
amount resulting from the wilful misfeasance, bad faith or negligence of
the Indenture Trustee; and, provided further, that the Servicer shall only
be liable pursuant to this Section 3.6 for its acts or omissions committed
during the period it is serving as custodian hereunder. Indemnification
under this Section shall survive the resignation or removal of the Servicer
as custodian, the resignation or removal of the Indenture Trustee or the
termination of this Agreement.

     SECTION 3.7. Effective Period and Termination. The Servicer's
appointment as custodian shall become effective as of the Initial Cutoff
Date and shall continue in full force and effect until terminated pursuant
to this Section. If any Servicer shall resign as Servicer in accordance
with this Agreement or if all of the rights and obligations of any Servicer
shall have been terminated under Section 8.1, the appointment of such
Servicer as custodian shall be terminated by: (a) the Indenture Trustee,
(b) the Noteholders of Notes evidencing not less than 25% of the Note
Balance, (c) with the consent of Noteholders of Notes evidencing not less
than 25% of the Note Balance, the Trustee or (d) Certificateholders
evidencing not less than 25% of the Certificate Balance, in the same manner
as the Indenture Trustee or such Holders may terminate the rights and
obligations of the Servicer under Section 8.1. The Indenture Trustee or,
with the consent of the Indenture Trustee, the Trustee may terminate the
Servicer's appointment as custodian, with cause, at any time upon written

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notification to the Servicer, and without cause upon 30 days' prior written
notification to the Servicer. As soon as practicable after any termination
of such appointment, the Servicer shall deliver the Receivable Files to the
Indenture Trustee or the Indenture Trustee's agent at such place(s) as the
Indenture Trustee may reasonably designate.

                                ARTICLE IV
                Administration and Servicing of Receivables

     SECTION 4.1. Duties of Servicer. The Servicer, for the benefit of the
Issuer, and (to the extent provided herein) the Indenture Trustee shall
manage, service, administer and make collections on the Receivables with
reasonable care, using that degree of skill and attention that the Servicer
exercises with respect to all comparable equipment receivables that it
services for itself or others. The Servicer's duties shall include
collection and posting of all payments, responding to inquiries of Obligors
on such Receivables, investigating delinquencies, sending payment coupons
to Obligors, reporting tax information to Obligors, accounting for
collections and furnishing monthly and annual statements to the Trustee and
the Indenture Trustee with respect to distributions. Subject to Section
4.2, the Servicer shall follow its customary standards, policies and
procedures in performing its duties as Servicer. Notwithstanding anything
herein to the contrary, it is understood and agreed that, subject to
Section 4.2, in servicing the NH Receivables the Servicer shall follow NH
Credit's customary standards, policies and procedures in performing its
duties as Servicer with respect to the NH Receivables.

     Without limiting the generality of the foregoing, the Servicer is
authorized and empowered to execute and deliver, on behalf of itself, the
Issuer, the Trustee, the Indenture Trustee, the Certificateholders, the
Noteholders or any of them, any and all instruments of satisfaction or
cancellation, or partial or full release or discharge, and all other
comparable instruments, with respect to such Receivables or the Financed
Equipment securing such Receivables. If the Servicer shall commence a legal
proceeding to enforce a Receivable, the Issuer shall thereupon be deemed to
have automatically assigned, solely for the purpose of collection, such
Receivable to the Servicer. If in any enforcement suit or legal proceeding
it shall be held that the Servicer may not enforce a Receivable on the
ground that it shall not be a real party in interest or a holder entitled
to enforce such Receivable, the Trustee shall, at the Servicer's expense
and direction, take steps to enforce such Receivable, including bringing
suit in its name or the name of the Trust, the Indenture Trustee, the
Certificateholders or the Noteholders. The Trustee or the Indenture Trustee
shall, upon the written request of the Servicer, furnish the Servicer with
any powers of attorney and other documents reasonably necessary or
appropriate to enable the Servicer to carry out its servicing and
administrative duties hereunder.

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     SECTION 4.2. Collection and Allocation of Receivable Payments. The
Servicer shall make reasonable efforts to collect all payments called for
under the Receivables as and when the same shall become due and shall
follow such collection procedures as it (or, with respect to a NH
Receivable, NH Credit) follows with respect to all comparable equipment
receivables that it services for itself or others. The Servicer shall
allocate collections between principal and interest in accordance with the
customary servicing procedures it follows with respect to all comparable
equipment receivables that it (or, with respect to a NH Receivable, NH
Credit) services for itself or others. The Servicer may grant extensions or
adjustments on a Receivable; provided, however, that if the Servicer
extends the date for final payment by the Obligor of any Receivable beyond
the Final Scheduled Maturity Date, it shall promptly purchase the
Receivable from the Issuer in accordance with Section 4.6. The Servicer
may, in its discretion, waive any late payment charge or any other fees
(other than extension fees or any other fees that represent interest
charges on deferred Scheduled Payments) that may be collected in the
ordinary course of servicing a Receivable. The Servicer shall not agree to
any decrease of the interest rate on any Receivable or reduce the aggregate
amount of the Scheduled Payments due on any Receivable.

     SECTION 4.3. Realization upon Receivables. For the benefit of the
Issuer and the Indenture Trustee, the Servicer shall use reasonable
efforts, consistent with its customary servicing procedures, to repossess
or otherwise convert the ownership of the Financed Equipment securing any
Receivable as to which the Servicer shall have determined eventual payment
in full is unlikely. The Servicer shall follow such customary and usual
practices and procedures as it shall deem necessary or advisable in its
servicing of equipment receivables, which may include reasonable efforts to
realize upon any recourse to Dealers and selling the Financed Equipment at
public or private sale. The foregoing shall be subject to the provision
that, in any case in which the Financed Equipment shall have suffered
damage, the Servicer shall not expend funds in connection with the repair
or the repossession of such Financed Equipment unless it shall determine in
its discretion that such repair and/or repossession will increase the
Liquidation Proceeds by an amount greater than the amount of such expenses.

     SECTION 4.4. Maintenance of Security Interests in Financed Equipment.
The Servicer shall, in accordance with its customary servicing procedures,
take such steps as are necessary to maintain perfection of the security
interest created by each Receivable in the related Financed Equipment. The
Servicer is hereby authorized to take such steps as are necessary to
re-perfect such security interest for the benefit of the Issuer and the
Indenture Trustee in the event of the relocation of any Financed Equipment,
any change to the UCC or for any other reason.

     SECTION 4.5. Covenants of Servicer. The Servicer shall not release the
Financed Equipment securing any Receivable from the security interest
granted by such Receivable in whole or in part except in the event of
payment in full by the Obligor thereunder or repossession, nor shall the
Servicer impair the rights of the Issuer, the Indenture Trustee, the
Certificateholders or the Noteholders in such Receivables. The Servicer
shall, in accordance with its customary servicing procedures, require that
each Obligor shall have obtained physical damage insurance covering the
Financed Equipment as of the execution of the Receivable.

                                    11
<PAGE>

     SECTION 4.6. Purchase of Receivables upon Breach. The Servicer or the
Trustee shall inform the other party, the Indenture Trustee, the Seller and
Case Credit promptly, in writing, upon the discovery of any breach pursuant
to Section 4.2, 4.4 or 4.5. Unless the breach shall have been cured by the
last day of the Collection Period in which such breach is discovered, the
Servicer shall purchase any Receivable materially and adversely affected by
such breach as of such last day. If the Servicer takes any action during
any Collection Period pursuant to Section 4.2 that impairs the rights of
the Issuer, the Indenture Trustee, the Certificateholders or the
Noteholders in any Receivable or as otherwise provided in Section 4.2, the
Servicer shall purchase such Receivable as of the last day of such
Collection Period. As consideration for the purchase of any such Receivable
pursuant to either of the two preceding sentences, the Servicer shall remit
the Purchase Amount in the manner specified in Section 5.4. Subject to
Section 7.2, the sole remedy of the Issuer, the Trustee, the Indenture
Trustee, the Certificateholders or the Noteholders with respect to a breach
pursuant to Section 4.2, 4.4 or 4.5 shall be to require the Servicer to
purchase Receivables pursuant to this Section. The Trustee shall have no
duty to conduct any affirmative investigation as to the occurrence of any
condition requiring the purchase of any Receivable pursuant to this
Section.

     SECTION 4.7. Servicing Fee. The Servicing Fee for each Collection
Period shall be equal to 1/12th of 1.00% of the Pool Balance as of the
first day of such Collection Period.

     SECTION 4.8. Servicer's Certificate. On each Determination Date the
Servicer shall deliver to the Trustee, the Indenture Trustee and the
Seller, with a copy to the Rating Agencies, a Servicer's Certificate
containing all information necessary to make the distributions pursuant to
Sections 5.5 and 5.6 and the deposits to the Collection Account pursuant to
Section 5.2 for the Collection Period preceding the date of such Servicer's
Certificate. Receivables to be repurchased by the Seller or purchased by
the Servicer shall be identified by the Servicer by account number with
respect to such Receivable (as specified in the schedule of Receivables
delivered on the Closing Date or attached to the applicable Subsequent
Transfer Assignment).

     SECTION 4.9. Annual Statement as to Compliance; Notice of Default. (a)
The Servicer shall deliver to the Trustee and the Indenture Trustee, on or
before April 30th of each year, an Officers' Certificate, dated as of
December 31 of the preceding year, stating that: (i) a review of the
activities of the Servicer during the preceding 12-month period (or, in the
case of the first such certificate, from the Initial Cutoff Date to
December 31, 2002) and of its performance under this Agreement has been
made under such officers' supervision and (ii) to the best of such
officers' knowledge, based on such review, the Servicer has fulfilled all
its obligations under this Agreement throughout such year or, if there has
been a default in the fulfillment of any such obligation, specifying each
such default known to such officers and the nature and status thereof. The
Indenture Trustee shall send a copy of such Certificate and the report
referred to in Section 4.10 to the Rating Agencies. A copy of such
Certificate and report may be obtained by any Certificateholder or
Noteholder by a request in writing to the Trustee addressed to the
Corporate Trust Office. Upon the written request of the Trustee, the
Indenture Trustee will promptly furnish the Trustee a list of Noteholders
as of the date specified by the Trustee.

                                    12
<PAGE>

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

     SECTION 4.10. Annual Independent Certified Public Accountants' Report.
The Servicer shall cause a firm of independent certified public
accountants, which may also render other services to the Servicer, the
Seller or any other Affiliate of CNH Global, to deliver to the Trustee and
the Indenture Trustee on or before April 30 of each year a report,
addressed to the Board of Directors of the Servicer, the Trustee and the
Indenture Trustee, summarizing the results of certain procedures with
respect to certain documents and records relating to the servicing of the
Receivables during the preceding calendar year (or, in the case of the
first such report, during the period from the Initial Cutoff Date to
December 31, 2002). The procedures to be performed and reported upon by the
independent public accountants shall be those agreed to by the Servicer.

     In the event that such firm requires the Indenture Trustee to agree to
the procedures performed by such firm, the Servicer shall direct the
Indenture Trustee in writing to so agree; it being understood and agreed
that the Indenture Trustee will deliver such letter of agreement in
conclusive reliance upon the direction of the Servicer and the Indenture
Trustee makes no independent inquiry or investigation as to, and shall have
no obligation or liability in respect of, the sufficiency, validity or
correctness of such procedures.

     Such report will also indicate that the firm is independent of the
Servicer within the meaning of the Code of Professional Ethics of the
American Institute of Certified Public Accountants.

     SECTION 4.11. Access to Certain Documentation and Information
Regarding Receivables. The Servicer shall provide to the Trustee and the
Indenture Trustee access to the Receivable Files in such cases where the
Trustee or the Indenture Trustee shall be required by applicable statutes
or regulations to review such documentation. Access shall be afforded
without charge, but only upon reasonable request and during the normal
business hours at the respective offices of the Servicer (or, in the case
of the NH Receivables, NH Credit). Provided, however, at any time upon
written request of the Indenture Trustee, the Servicer will provide (within
10 days of receipt of such request) an electronic data file containing all
relevant loan level information on each Receivable necessary for a
replacement servicer to assume servicing responsibilities, including
current mailing address and telephone number, current balance, payment
schedule and past due status of each obligor (such request not to be made

                                    13
<PAGE>

more frequently than one per month). Nothing in this Section shall affect
the obligation of the Servicer to observe any applicable law prohibiting
disclosure of information regarding the Obligors, and the failure of the
Servicer to provide access to information as a result of such obligation
shall not constitute a breach of this Section.

     SECTION 4.12. Servicer Expenses. The Servicer shall be required to pay
all expenses incurred by it in connection with its activities hereunder,
including fees and disbursements of independent accountants, taxes imposed
on the Servicer and expenses incurred in connection with distributions and
reports to Certificateholders and the Noteholders.

     SECTION 4.13. Appointment of Subservicer. The Servicer may at any time
appoint a subservicer to perform all or any portion of its obligations as
Servicer hereunder; provided, however, that the Rating Agency Condition
shall have been satisfied in connection therewith (other than with respect
to the appointment of NH Credit, as subservicer, with respect to the NH
Receivables); and provided further, that the Servicer shall remain
obligated and be liable to the Issuer, the Trustee, the Indenture Trustee,
the Certificateholders and the Noteholders for the servicing and
administering of the Receivables in accordance with the provisions hereof
without diminution of such obligation and liability by virtue of the
appointment of such subservicer and to the same extent and under the same
terms and conditions as if the Servicer alone were servicing and
administering the Receivables. The fees and expenses of the subservicer
shall be as agreed between the Servicer and its subservicer from time to
time and none of the Issuer, the Trustee, the Indenture Trustee, the
Certificateholders or the Noteholders shall have any responsibility
therefor.

                                 ARTICLE V
                       Distributions: Spread Account;
              Statements to Certificateholders and Noteholders

     SECTION 5.1. Establishment of Trust Accounts. (a) (i) The Servicer,
for the benefit of the Noteholders and the Certificateholders, shall
establish and maintain in the name of the Indenture Trustee an Eligible
Deposit Account (the "Collection Account"), bearing a designation clearly
indicating that the funds deposited therein are held for the benefit of the
Noteholders and the Certificateholders.

          (ii) The Servicer, for the benefit of the Noteholders, shall
     establish and maintain in the name of the Indenture Trustee an
     Eligible Deposit Account (the "Note Distribution Account"), bearing a
     designation clearly indicating that the funds deposited therein are
     held for the benefit of the Noteholders.

                                    14
<PAGE>

          (iii) The Servicer, for the benefit of the Noteholders, shall
     establish and maintain in the name of the Indenture Trustee an
     Eligible Deposit Account (the "Spread Account"), bearing a designation
     clearly indicating that the funds deposited therein are held for the
     benefit of the Noteholders.

          (iv) The Servicer, for the benefit of the Noteholders and the
     Certificateholders, shall establish and maintain in the name of the
     Indenture Trustee an Eligible Deposit Account (the "Pre-Funding
     Account"), bearing a designation clearly indicating that the funds
     deposited therein are held for the benefit of the Noteholders and the
     Certificateholders; provided, however that the Servicer shall not be
     required to establish such account so long as no amount greater than
     $0.00 shall be required to be deposited into such account pursuant to
     this Agreement or any other Basic Document.

          (v) The Servicer, for the benefit of the Noteholders and the
     Certificateholders, shall establish and maintain in the name of the
     Indenture Trustee an Eligible Deposit Account (the "Negative Carry
     Account"), bearing a designation clearly indicating that the funds
     deposited therein are held for the benefit of the Noteholders and the
     Certificateholders; provided, however that the Servicer shall not be
     required to establish such account so long as no amount greater than
     $0.00 shall be required to be deposited into such account pursuant to
     this Agreement or any other Basic Document.

          (vi) The Servicer, for the benefit of the Noteholders and the
     Certificateholders, shall establish and maintain in the name of the
     Indenture Trustee an Eligible Deposit Account (the "Principal
     Supplement Account"), bearing a designation clearly indicating that
     the funds deposited therein are held for the benefit of the
     Noteholders and the Certificateholders; provided, however that the
     Servicer shall not be required to establish such account so long as no
     amount greater than $0.00 shall be required to be deposited into such
     account pursuant to this Agreement or any other Basic Document.

     (b) Funds on deposit in the Collection Account, the Note Distribution
Account, the Spread Account, the Pre-Funding Account, the Negative Carry
Account and the Principal Supplement Account, (collectively, the "Trust
Accounts") shall be invested or reinvested by the Indenture Trustee in
Eligible Investments selected by and as directed in writing by the Servicer
(which written direction may be in the form of standing instructions);
provided, however, it is understood and agreed that the Indenture Trustee
shall not be liable for the selection of, or any loss arising from such
investment in, Eligible Investments. All such Eligible Investments shall be
held or controlled by the Indenture Trustee for the benefit of the
Noteholders and the Certificateholders or the Noteholders, as applicable
(and for the purposes of Articles 8 and 9 of the UCC, each Eligible
Investment is intended to constitute a Financial Asset, and each of the
Trust Accounts is intended to constitute a Securities Account); provided,
that on each Transfer Date, all Investment Earnings on funds on deposit
therein shall be deposited into the Collection Account and shall be deemed
to constitute a portion of the Total Distribution Amount. Other than as
permitted by the Rating Agencies, funds on deposit in the Trust Accounts

                                    15
<PAGE>

shall be invested in Eligible Investments that will mature so that such
funds will be available at the close of business on the Transfer Date
preceding the following Payment Date; provided, however, that funds on
deposit in Trust Accounts may be invested in Eligible Investments of the
entity serving as Indenture Trustee payable on demand or that mature so
that such funds will be available on the Payment Date. Funds deposited in a
Trust Account on the Transfer Date that precedes a Payment Date upon the
maturity or liquidation of any Eligible Investments are not required to be
invested overnight.

     (c) (i) The Indenture Trustee shall possess or control all right,
title and interest in all funds on deposit from time to time in the Trust
Accounts and in all proceeds thereof (including all income thereon) and all
such funds, investments, proceeds and income shall be part of the Trust
Estate. The Trust Accounts shall be under the sole dominion and control of
the Indenture Trustee for the benefit of the Noteholders and the
Certificateholders or the Noteholders, as the case may be. If, at any time,
any of the Trust Accounts ceases to be an Eligible Deposit Account, the
Indenture Trustee (or the Servicer on its behalf) shall within 10 Business
Days (or such longer period, not to exceed 30 calendar days, as to which
each Rating Agency may consent) establish a new Trust Account as an
Eligible Deposit Account and shall transfer any cash and/or any investments
held in the no-longer Eligible Deposit Account to such new Trust Account.

          (ii) With respect to the Trust Account Property, the Indenture
     Trustee agrees, by its acceptance hereof, that:

          (A)     any Trust Account Property that is held in deposit
                  accounts shall be held solely in Eligible Deposit
                  Accounts, subject to the last sentence of Section
                  5.1(c)(i); and each such Eligible Deposit Account shall
                  be subject to the exclusive custody and control of the
                  Indenture Trustee, and the Indenture Trustee shall have
                  sole signature authority with respect thereto;

          (B)     any Trust Account Property that constitutes a
                  Certificated Security shall be delivered to the Indenture
                  Trustee in accordance with paragraph (i) of the
                  definition of "Delivery" and shall be held, pending
                  maturity or disposition, solely by the Indenture Trustee
                  or its agent;

          (C)     any such Trust Account Property that constitutes an
                  Uncertificated Security (including any investments in
                  money market mutual funds, but excluding any Federal Book
                  Entry Security) shall be delivered to the Indenture
                  Trustee in accordance with paragraph (ii) of the
                  definition of "Delivery" and shall be maintained, pending
                  maturity or disposition, through continued registration
                  of the Indenture Trustee's (or its custodian or
                  nominee's) ownership of such security; and

                                    16
<PAGE>

          (D)     with respect to any Trust Account Property that
                  constitutes a Federal Book Entry Security, the Indenture
                  Trustee shall maintain and obtain Control over such
                  property.

          (iii) The Servicer shall have the power, revocable by the
     Indenture Trustee or by the Trustee, with the consent of the Indenture
     Trustee, to instruct the Indenture Trustee to make withdrawals and
     payments from the Trust Accounts for the purpose of permitting the
     Servicer or the Trustee to carry out its respective duties hereunder
     or permitting the Indenture Trustee to carry out its duties under the
     Indenture.

     (d) All Trust Accounts will initially be established at the Indenture
Trustee.

     SECTION 5.1.5 Interest Rate Swap Agreements. (a) The Issuer shall on
or prior to the Closing Date enter into the Interest Rate Swap Agreements
with the Counterparties for the benefit of the Noteholders and
Certificateholders, such that the aggregate notional amount under the
Interest Rate Swap Agreements shall, at any time, be equal to the
Outstanding Amount of the Class A-3, Class A-4, Class B and Class C Notes
at such time. Net Swap Receipts shall be deposited by the Indenture Trustee
into the Collection Account on the day received and shall constitute part
of the Total Distribution Amount. On any Payment Date when there shall be a
Net Swap Payment, the Indenture Trustee shall pay such Net Swap Payment
from the Total Distribution Amount.

     (b) Each Interest Rate Swap Agreement shall be in substantially the
same form as the Interest Rate Swap Agreement attached hereto as Exhibit G.

     (c) The Servicer, when required under any Interest Rate Swap
Agreement, shall cause the Issuer to enter into a replacement Interest Rate
Swap Agreement.

     SECTION 5.2. Collections. The Servicer shall, and shall cause any
subservicer to, remit within two Business Days of receipt thereof to the
Collection Account all payments by or on behalf of the Obligors with
respect to the Receivables, and all Liquidation Proceeds, both as collected
during the Collection Period. Notwithstanding the foregoing, for so long
as: (i) Case Credit remains the Servicer, (ii) no Servicer Default shall
have occurred and be continuing and (iii) prior to ceasing daily
remittances, the Rating Agency Condition shall have been satisfied (and any
conditions or limitations imposed by the Rating Agencies in connection
therewith are complied with), the Servicer shall remit such collections
with respect to the related Collection Period to the Collection Account on
the Transfer Date immediately following the end of such Collection Period.
For purposes of this Article V, the phrase "payments by or on behalf of the
Obligors" shall mean payments made with respect to the Receivables by
Persons other than the Servicer or the Seller.

                                    17
<PAGE>

     SECTION 5.3. Application of Collections. (a) With respect to each
Receivable, all collections for the Collection Period shall be applied to
the related Scheduled Payment.

     (b) All Liquidation Proceeds shall be applied to the related
Receivable.

     SECTION 5.4. Additional Deposits. The Servicer and the Seller shall
deposit or cause to be deposited in the Collection Account the aggregate
Purchase Amount with respect to Purchased Receivables on the Transfer Date
related to the Collection Period on the last day of which the purchase
occurs, and the Servicer shall deposit therein all amounts to be paid under
Section 9.1 on the Transfer Date falling in the Collection Period referred
to in Section 9.1. The Servicer shall deposit the aggregate Purchase Amount
with respect to Purchased Receivables when such obligations are due, unless
the Servicer shall not be required to make daily deposits pursuant to
Section 5.2, in which case such deposits shall be made on the Transfer Date
following the related Collection Period.

     SECTION 5.5. Distributions. (a) On each Determination Date, the
Servicer shall calculate all amounts required to determine the amounts to
be deposited in the Note Distribution Account, the Certificate Distribution
Account and the Spread Account.

     (b) On each Payment Date, the Servicer shall instruct the Indenture
Trustee (based on the information contained in the Servicer's Certificate
delivered on the related Determination Date pursuant to Section 4.8) to
make from the Collection Account the following deposits and distributions
for receipt by the Servicer or deposit in the applicable Trust Account or
Certificate Distribution Account, as applicable, by 10:00 a.m. (New York
time), to the extent of the Total Distribution Amount, in the following
order of priority:

          (i) to the Administrator, the Administration Fee and all unpaid
     Administration Fees from prior Collection Periods;

          (ii) to the Note Distribution Account, the Net Swap Payments
     (including interest on any overdue Net Swap Payments), if any;

          (iii) to the Note Distribution Account, the Class Interest Amount
     for each Class of Class A Notes and the Class A Swap Termination
     Payments payable by the Issuer, if any;

          (iv) to the Note Distribution Account, the Class Interest Amount
     for the Class B Notes and the Class B Swap Termination Payments
     payable by the Issuer, if any;

          (v) to the Note Distribution Account, the Class Interest Amount
     for the Class C Notes and the Class C Swap Termination Payments
     payable by the Issuer, if any;

                                    18
<PAGE>

          (vi) to the Note Distribution Account, the Class Principal
     Distributable Amount for each Class of Class A Notes;

          (vii) to the Note Distribution Account, the Class B Noteholders'
     Monthly Principal Distributable Amount;

          (viii) to the Note Distribution Account, the Class C Noteholders'
     Monthly Principal Distributable Amount;

          (ix) to the Note Distribution Account, the Reallocated Class C
     Principal Amount.

          (x) to the Spread Account to the extent necessary so that the
     balance on deposit therein will equal the Specified Spread Account
     Balance;

          (xi) to the Servicer, the Servicing Fee and all unpaid Servicing
     Fees from prior Collection Periods; provided that if Case Credit or an
     Affiliate of Case Credit is not the Servicer, the amounts described in
     this clause (xi) will be paid prior to any other application of funds
     on deposit in the Collection Account; and

          (xii) to the Seller, the remaining Total Distribution Amount;

     (c) On the A-1 Note Final Scheduled Maturity Date, the Servicer shall
instruct the Indenture Trustee to deposit from the Collection Account into
the Note Distribution Account by 10:00 a.m. (New York time), to the extent
of available funds on such day, an amount equal to the sum of (i) the
aggregate accrued and unpaid interest on the Class A-1 Notes as of the A-1
Note Final Scheduled Maturity Date, and (ii) the amount necessary to reduce
the outstanding principal amount of the Class A-1 Notes to zero.

     It is understood and agreed that, with respect to the amounts to be
distributed pursuant to this Section 5.5(c), the Servicer shall, to the
extent necessary (i) deposit into the Collection Account any amounts
received as payments by or on behalf of any Obligor (and not previously
deposited into the Collection Account) on or prior to the A-1 Note Final
Scheduled Maturity Date, (ii) make each calculation that would otherwise be
made on a Determination Date (with appropriate adjustments) in accordance
with Section 4.8 on the Business Day immediately proceeding the A-1 Note
Final Scheduled Maturity Date, (iii) on the Payment Date immediately
succeeding the A-1 Note Final Scheduled Maturity Date, make any adjustments
to the Class Principal Distributable Amount, the Class Interest Amount and
any other amount to be paid on such Payment Date, and (iv) make any other
calculation, adjustment or correction that may be required as a result of
any payment made on the A-1 Note Final Scheduled Maturity Date.

     SECTION 5.6. Spread Account. (a) On the Closing Date and on each
Subsequent Transfer Date, the Seller shall deposit the applicable Spread
Account Initial Deposit into the Spread Account.

                                    19
<PAGE>

     (b) If the amount on deposit in the Spread Account on any Payment Date
(after giving effect to all deposits or withdrawals therefrom on such
Payment Date) is greater than the Specified Spread Account Balance for such
Payment Date, the Servicer shall instruct the Indenture Trustee to
distribute the amount of the excess to the Seller (and its transferees and
assignees in accordance with their respective interests); provided, that
if, after giving effect to all payments made on the Notes on such Payment
Date, the sum of the Pool Balance and the Pre-Funded Amount as of the first
day of the Collection Period in which such Payment Date occurs is less than
the sum of the Note Balance and the Certificate Balance, such excess shall
not be distributed to the Seller (or such transferees or assignees) and
shall be retained in the Spread Account for application in accordance with
this Agreement. Amounts properly distributed pursuant to this Section
5.6(b) shall be deemed released from the Trust and the security interest
therein granted to the Indenture Trustee, and the Seller (and such
transferees and assignees) shall in no event thereafter be required to
refund any such distributed amounts.

     (c) Following: (i) the payment in full of the aggregate Outstanding
Amount of the Notes and of all other amounts owing or to be distributed
hereunder or under the Indenture to the Noteholders, the Trustee and the
Indenture Trustee and (ii) the termination of the Trust, any amount
remaining on deposit in the Spread Account shall be distributed to the
Seller or any transferee or assignee pursuant to clause (g). The Seller
(and such transferees and assignees) shall in no event be required to
refund any amounts properly distributed pursuant to this Section 5.6(c).

     (d) In the event that the sum of (x) the Noteholders' Distributable
Amount for a Payment Date, (y) the Net Swap Payments (including interest on
any overdue Net Swap Payments) for a Payment Date, if any, and (z) the Swap
Termination Payments payable by the Issuer, if any, exceeds the amount
deposited into the Note Distribution Account pursuant to Sections
5.5(b)(ii), (iii), (iv), (v), (vi), (vii), (viii) and (ix) on such Payment
Date, the Servicer shall instruct the Indenture Trustee on such Payment
Date to withdraw from the Spread Account on such Payment Date an amount
equal to such excess, to the extent of funds available therein, and deposit
such amount into the Note Distribution Account.

     (e) The Seller may at any time, without consent of the Noteholders,
sell, transfer, convey or assign in any manner its rights to and interests
in distributions from the Spread Account, including interest and other
investment earnings thereon; provided, that the Rating Agency Condition is
satisfied.

     SECTION 5.7. Pre-Funding Account. (a) Subject to the proviso set forth
in Section 5.1(a)(iv), on the Closing Date, the Trustee will deposit, on
behalf of the Seller, in the Pre-Funding Account $352,897,821.32 from the
net proceeds of the sale of the Notes and the Certificates. On each
Subsequent Transfer Date, the Servicer shall instruct the Indenture Trustee
to withdraw from the Pre-Funding Account an amount equal to: (i) the
aggregate Contract Value of the Subsequent Receivables transferred to the
Issuer on such Subsequent Transfer Date less the amounts described in
clause (ii) and clause (iii) below, and distribute such amount to or upon
the order of the Seller upon satisfaction of the conditions set forth in

                                    20
<PAGE>

Section 2.2(b) with respect to such transfer, (ii) the Spread Account
Initial Deposit for such Subsequent Transfer Date and, on behalf of the
Seller, deposit such amount in the Spread Account and (iii) the Principal
Supplement Account Deposit for such Subsequent Transfer Date, and, on
behalf of the Seller, deposit such amount in the Principal Supplement
Account.

     (b) If: (i) the Pre-Funded Amount has not been reduced to zero on the
Payment Date on which the Funding Period ends (or, if the Funding Period
does not end on a Payment Date, on the first Payment Date following the end
of the Funding Period) or (ii) the Pre-Funded Amount has been reduced to
$100,000 or less on any Determination Date, in either case after giving
effect to any reductions in the Pre-Funded Amount on such date pursuant to
paragraph (a), the Servicer shall instruct the Indenture Trustee to
withdraw from the Pre-Funding Account, in the case of clause (i), on such
Payment Date or, in the case of clause (ii), on the Payment Date
immediately succeeding such Determination Date, the amount remaining at the
time in the Pre-Funding Account (such remaining amount being the "Remaining
Pre-Funded Amount") and deposit such amounts in the Collection Account, for
inclusion in the Total Distribution Amount for that Payment Date.

     SECTION 5.8. Negative Carry Account. Subject to the proviso set forth
in Section 5.1(a)(v), on the Closing Date, the Seller shall deposit the
Negative Carry Account Initial Deposit into the Negative Carry Account. On
each Payment Date, the Servicer will instruct the Indenture Trustee to
withdraw from the Negative Carry Account and deposit into the Collection
Account an amount equal to the Negative Carry Amount for such Collection
Period. If the amount on deposit in the Negative Carry Account on any
Payment Date (after giving effect to the withdrawal therefrom of the
Negative Carry Amount for such Payment Date) is greater than the Required
Negative Carry Account Balance, the excess will be released to the Seller.

     SECTION 5.9. Principal Supplement Account. On each Subsequent Transfer
Date the Servicer shall calculate the amount, if any, of the Principal
Supplement Account Deposit applicable to such Subsequent Transfer Date,
and, if such amount is positive, the Seller shall deposit such amount into
the Principal Supplement Account (subject to the proviso set forth in
Section 5.1(a)(vi)). In the event that the sum of (x) the Noteholders'
Distributable Amount for a Payment Date, (y) the Net Swap Payments
(including interest on any overdue Net Swap Payments) for a Payment Date,
if any, and (z) the Swap Termination Payments payable by the Issuer, if
any, exceeds the amount deposited into the Note Distribution Account
pursuant to Sections 5.5(b)(ii), (iii), (iv), (v), (vi), (vii), (viii) and
(ix) on such Payment Date and Section 5.6(d) on such Payment Date, the
Servicer shall instruct the Indenture Trustee on such Payment Date to
withdraw from the Principal Supplement Account on such Payment Date an
amount equal to such excess, to the extent of funds available therein, and
deposit such amount into the Note Distribution Account. In the event that
the Class Principal Distributable Amount for any Class of Notes for the
applicable final scheduled maturity date for such Class of Notes exceeds
the remainder of the Total Distribution Amount and the amounts available in
the Spread Account pursuant to Section 5.6(e) for that Payment Date after
subtracting the Class Principal Distributable Amount for each Class of

                                    21
<PAGE>

Notes having priority over such Class of Notes, the Servicer shall instruct
the Indenture Trustee on such Payment Date to withdraw from the Principal
Supplement Account on such Payment Date an amount equal to such excess, to
the extent of funds available therein, and deposit such amount into the
Note Distribution Account. Funds on deposit in the Principal Supplement
Account may be withdrawn and paid to the Seller on any day if each Rating
Agency has confirmed that such action will not result in a withdrawal or
downgrade of its rating of any Class of Notes.

     SECTION 5.10. Statements to Certificateholders and Noteholders. (a) On
each Determination Date the Servicer shall provide to the Indenture Trustee
(with a copy to the Rating Agencies), for the Indenture Trustee to make
available to each Noteholder of record, and to the Trustee, for the Trustee
to forward to each Certificateholder of record, a statement substantially
in the form of Exhibits A and B, respectively, setting forth at least the
following information as to each Class of the Notes and the Certificates to
the extent applicable:

          (i) the amount of such distribution allocable to principal of
     each Class of Notes;

          (ii) the amount of the distribution allocable to interest of each
     Class of Notes;

          (iii) the amount of the distribution allocable to principal of
     the Certificates;

          (iv) the amount of the distribution allocable to interest on the
     Certificates;

          (v) the Pool Balance as of the close of business on the last day
     of the preceding Collection Period;

          (vi) the aggregate Outstanding Amount and the Note Pool Factor
     for each Class of Notes, and the Certificate Balance and the
     Certificate Pool Factor as of such Payment Date, after giving effect
     to payments allocated to principal reported under clauses (i) and
     (iii) above;

          (vii) the amount of the Servicing Fee paid to the Servicer with
     respect to the preceding Collection Period;

          (viii) the amount of the Administration Fee paid to the
     Administrator in respect of the preceding Collection Period;

          (ix) the amount of the aggregate Realized Losses, if any, for
     such Collection Period;

                                    22
<PAGE>

          (x) the aggregate Purchase Amounts for Receivables, if any, that
     were repurchased or purchased in such Collection Period;

          (xi) the balance of the Spread Account on such Payment Date,
     after giving effect to changes therein on such Payment Date;

          (xii) for Payment Dates during the Funding Period, the remaining
     Pre-Funded Amount;

          (xiii) for the final Payment Date with respect to the Funding
     Period, the amount of any remaining Pre-Funded Amount that has not
     been used to fund the purchase of Subsequent Receivables;

          (xiv) the balance of the Principal Supplement Account on such
     Payment Date, after giving effect to changes therein on such Payment
     Date;

          (xv) the balance of the Negative Carry Account on such Payment
     Date, after giving effect to changes therein on such Payment Date;

          (xvi) the amount of Net Swap Payments or Net Swap Receipts for
     such Payment Date, and

          (xvii) the amount of Swap Termination Payments paid by the Issuer
     on such Payment Date.

     Each amount set forth pursuant to clauses (i), (ii), (iii), (iv),
(vii) and (viii) shall be expressed as a dollar amount per $1,000 of
original principal balance of a Certificate or Note, as applicable.

     The Indenture Trustee will make the Statement to Noteholders available
each month to Noteholders and other parties to the Basic Documents via the
Indenture Trustee's internet website, which is presently located at
www.abs.bankone.com. Persons who are unable to use the above website are
entitled to have a paper copy mailed to them via first class mail by
calling the Indenture Trustee at (1-800) 524-9472. The Indenture Trustee
shall have the right to change the way the Statement to Noteholders is
distributed in order to make such distribution more convenient and/or more
accessible to the above parties and to the Noteholders. The Indenture
Trustee shall provide timely and adequate notification to all above parties
and to the Noteholders regarding any such change.

     SECTION 5.11. Net Deposits. As an administrative convenience, unless
the Servicer is required to remit collections daily, the Servicer will be
permitted to make the deposit of collections net of distributions, if any,
to be made to the Servicer with respect to the Collection Period. The
Servicer, however, will account to the Trustee, the Indenture Trustee, the
Noteholders and the Certificateholders as if all deposits, distributions
and transfers were made individually.

                                    23
<PAGE>

                                ARTICLE VI
                                 The Seller

     SECTION 6.1. Representations of Seller. The Seller makes the following
representations on which the Issuer is deemed to have relied in acquiring
the Receivables. The representations speak as of the execution and delivery
of this Agreement and shall survive the sale of the Receivables to the
Issuer and the pledge thereof to the Indenture Trustee pursuant to the
Indenture.

          (a) Organization and Good Standing. The Seller is duly organized
     and validly existing as a corporation in good standing under the laws
     of the State of Delaware, with the corporate power and authority to
     own its properties and to conduct its business as such properties are
     currently owned and such business is presently conducted, and had at
     all relevant times, and has, the corporate power, authority and legal
     right to acquire, own and sell the Receivables.

          (b) Due Qualification. The Seller is duly qualified to do
     business as a foreign corporation in good standing, and has obtained
     all necessary licenses and approvals, in all jurisdictions in which
     the ownership or lease of property or the conduct of its business
     shall require such qualifications.

          (c) Power and Authority. The Seller has the power and authority
     to execute and deliver this Agreement and to carry out its terms; the
     Seller has full power and authority to sell and assign the property to
     be sold and assigned to and deposited with the Issuer and has duly
     authorized such sale and assignment to the Issuer by all necessary
     corporate action; and the execution, delivery and performance of this
     Agreement have been, and the execution, delivery and performance of
     each Subsequent Transfer Assignment have been or will be on or before
     the related Subsequent Transfer Date, duly authorized by the Seller by
     all necessary corporate action.

          (d) Binding Obligation. This Agreement constitutes, and each
     Subsequent Transfer Assignment when executed and delivered by the
     Seller will constitute, a legal, valid and binding obligation of the
     Seller enforceable in accordance with their terms.

          (e) 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 incorporation or by-laws of the
     Seller, or any indenture, agreement or other instrument to which the
     Seller is a party or by which it shall be bound; or result in the
     creation or imposition of any Lien upon any of its properties pursuant
     to the terms of any such indenture, agreement or other instrument

                                    24
<PAGE>

     (other than the Basic Documents); or violate any law or, to the best
     of the Seller's knowledge, any order, rule or regulation applicable to
     the Seller of any court or of any Federal or state regulatory body,
     administrative agency or other governmental instrumentality having
     jurisdiction over the Seller or its properties.

          (f) No Proceedings. There are no proceedings or investigations
     pending or, to the Seller's best knowledge, threatened, before any
     court, regulatory body, administrative agency or other governmental
     instrumentality having jurisdiction over the Seller or its properties:
     (i) asserting the invalidity of this Agreement, the Indenture or any
     of the other Basic Documents, the Notes or the Certificates, (ii)
     seeking to prevent the issuance of the Notes or the Certificates or
     the consummation of any of the transactions contemplated by this
     Agreement, the Indenture or any of the other Basic Documents, (iii)
     seeking any determination or ruling that could reasonably be expected
     to materially and adversely affect the performance by the Seller of
     its obligations under, or the validity or enforceability of, this
     Agreement, the Indenture, any of the other Basic Documents, the Notes
     or the Certificates or (iv) that might adversely affect the Federal or
     state income tax attributes of the Notes or the Certificates.

     SECTION 6.2. Corporate Existence. (a) During the term of this
Agreement, the Seller will keep in full force and effect its existence,
rights and franchises as a corporation under the laws of the jurisdiction
of its incorporation and will obtain and preserve its qualification to do
business in each jurisdiction in which such qualification is or shall be
necessary to protect the validity and enforceability of this Agreement, the
Basic Documents and each other instrument or agreement necessary or
appropriate to the proper administration of this Agreement and the
transactions contemplated hereby.

     (b) During the term of this Agreement, the Seller shall observe the
applicable legal requirements for the recognition of the Seller as a legal
entity separate and apart from its Affiliates, including as follows:

          (i) the Seller shall maintain corporate records and books of
     account separate from those of its Affiliates;

          (ii) except as otherwise provided in this Agreement and similar
     arrangements relating to other securitizations, the Seller shall not
     commingle its assets and funds with those of its Affiliates;

          (iii) the Seller shall hold such appropriate meetings or obtain
     such appropriate consents of its Board of Directors as are necessary
     to authorize all the Seller's corporate actions required by law to be
     authorized by the Board of Directors, shall keep minutes of such
     meetings and of meetings of its stockholder(s) and observe all other
     customary corporate formalities (and any successor Seller not a
     corporation shall observe similar procedures in accordance with its
     governing documents and applicable law);

                                    25
<PAGE>

          (iv) the Seller shall at all times hold itself out to the public
     under the Seller's own name as a legal entity separate and distinct
     from its Affiliates; and

          (v) all transactions and dealings between the Seller and its
     Affiliates will be conducted on an arm's-length basis.

     SECTION 6.3. Liability of Seller; Indemnities. The Seller shall be
liable in accordance herewith only to the extent of the obligations
specifically undertaken by the Seller under this Agreement.

          (a) The Seller shall indemnify, defend and hold harmless the
     Issuer, the Trustee and the Indenture Trustee (and their officers,
     directors, employees and agents) from and against any taxes that may
     at any time be asserted against any of them with respect to the sale
     of the Receivables to the Issuer or the issuance and original sale of
     the Certificates and the Notes, including any sales, gross receipts,
     general corporation, tangible personal property, privilege or license
     taxes (but, in the case of the Issuer, not including any taxes
     asserted with respect to ownership of the Receivables or Federal or
     other income taxes arising out of the transactions contemplated by
     this Agreement) and costs and expenses in defending against the same.

          (b) The Seller shall indemnify, defend and hold harmless the
     Issuer, the Trustee and the Indenture Trustee (and their officers,
     directors, employees and agents) from and against any loss, liability
     or expense incurred by reason of the Seller's willful misfeasance, bad
     faith or negligence in the performance of its duties under this
     Agreement, or by reason of reckless disregard of its obligations and
     duties under this Agreement.

     Indemnification under this Section shall survive the resignation or
removal of the Trustee or the Indenture Trustee or the termination of this
Agreement and the Indenture and shall include reasonable fees and expenses
of counsel and expenses of litigation. If the Seller shall have made any
indemnity payments pursuant to this Section and the Person to or on behalf
of whom such payments are made thereafter shall collect any of such amounts
from others, such Person shall promptly repay such amounts to the Seller,
without interest.

     SECTION 6.4. Merger or Consolidation of, or Assumption of the
Obligations of, Seller. Any Person: (a) into which the Seller may be merged
or consolidated, (b) that may result from any merger or consolidation to
which the Seller shall be a party or (c) that may succeed to the properties
and assets of the Seller substantially as a whole, which Person (in any of
the foregoing cases) executes an agreement of assumption to perform every
obligation of the Seller under this Agreement (or is deemed by law to have
assumed such obligations), shall be the successor to the Seller hereunder
without the execution or filing of any document or any further act by any
of the parties to this Agreement; provided, however, that: (i) immediately

                                    26
<PAGE>

after giving effect to such transaction, no representation or warranty made
pursuant to Section 3.1 shall have been breached and no Servicer Default,
and no event that, after notice or lapse of time, or both, would become a
Servicer Default shall have occurred and be continuing, (ii) the Seller
shall have delivered to the Trustee and the Indenture Trustee an Officers'
Certificate and an Opinion of Counsel each stating that such consolidation,
merger or succession and such agreement of assumption comply with this
Section and that all conditions precedent, if any, provided for in this
Agreement relating to such transaction have been complied with, (iii) the
Rating Agency Condition shall have been satisfied with respect to such
transaction and (iv) the Seller shall have delivered to the Trustee and the
Indenture Trustee an Opinion of Counsel either: (A) stating that, in the
opinion of such counsel, all financing statements, continuation statements
and amendments thereto have been executed and filed that are necessary
fully to preserve and protect the interest of the Trustee and Indenture
Trustee, respectively, in the Receivables and reciting the details of such
filings, or (B) stating that, in the opinion of such counsel, no such
action shall be necessary to preserve and protect such interests.
Notwithstanding anything herein to the contrary, the execution of the
foregoing agreement of assumption and compliance with clauses (i), (ii),
(iii) and (iv) shall be conditions to the consummation of the transactions
referred to in clauses (a), (b) or (c).

     SECTION 6.5. Limitation on Liability of Seller and Others. The Seller
and any director, officer, employee or agent of the Seller may rely in good
faith on the advice of counsel or on any document of any kind prima facie
properly executed and submitted by any Person respecting any matters
arising hereunder. The Seller shall not be under any obligation to appear
in, prosecute or defend any legal action that shall not be incidental to
its obligations under this Agreement, and that in its opinion may involve
it in any expense or liability.

     SECTION 6.6. Seller May Own Certificates or Notes. The Seller and any
Affiliate thereof may in its individual or any other capacity become the
owner or pledgee of Certificates or the Notes with the same rights as it
would have if it were not the Seller or an Affiliate thereof, except as
expressly provided herein or in any other Basic Document.

     Notwithstanding the foregoing, the Seller shall not sell the
Certificates except to an entity (a) that has provided an opinion of
counsel to the effect that such sale will not cause the Trust to be treated
as a "publicly traded partnership" under the Code and (b) that either (i)
is not an Affiliate of the Seller or (ii) is an Affiliate of the Seller
that (A) is a subsidiary of Case Credit or NH Credit, the Certificate of
Incorporation of which contains restrictions substantially similar to the
restrictions contained in the Certificate of Incorporation of the Seller
and (B) has provided an opinion of counsel regarding substantive
consolidation of such Affiliate with Case Credit or NH Credit in the event
of a bankruptcy filing by Case Credit or NH Credit, as applicable, which is
substantially similar to the opinion of counsel provided by Seller on the
Closing Date, and which may be subject to the same assumptions and
qualifications as that opinion.

                                    27
<PAGE>

                                ARTICLE VII
                                The Servicer

     SECTION 7.1. Representations of Servicer. The Servicer makes the
following representations on which the Issuer is deemed to have relied in
acquiring the Receivables. The representations speak as of the execution
and delivery of the Agreement and as of the Closing Date, in the case of
the Initial Receivables, and as of the applicable Subsequent Transfer Date,
in the case of the Subsequent Receivables, and shall survive the sale of
the Receivables to the Issuer and the pledge thereof to the Indenture
Trustee pursuant to the Indenture.

          (a) Organization and Good Standing. The Servicer is duly
     organized and validly existing as a corporation in good standing under
     the laws of the state of its incorporation, with the corporate power
     and authority to own its properties and to conduct its business as
     such properties are currently owned and such business is presently
     conducted, and had at all relevant times, and has, the power,
     authority and legal right to acquire, own, sell and service the
     Receivables and to hold the Receivable Files as custodian.

          (b) Due Qualification. The Servicer is duly qualified to do
     business as a foreign corporation in good standing, and has obtained
     all necessary licenses and approvals, in all jurisdictions in which
     the ownership or lease of property or the conduct of its business
     (including the servicing of the Receivables as required by this
     Agreement) shall require such qualifications.

          (c) Power and Authority. The Servicer has the corporate power and
     authority to execute and deliver this Agreement and to carry out its
     terms; and the execution, delivery and performance of this Agreement
     have been duly authorized by the Servicer by all necessary corporate
     action.

          (d) Binding Obligation. This Agreement constitutes a legal, valid
     and binding obligation of the Servicer enforceable against the
     Servicer in accordance with its terms.

          (e) No Violation. The consummation of the transactions
     contemplated by this Agreement and the fulfillment of the terms hereof
     shall 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 articles of incorporation or by-laws of the
     Servicer, or any indenture, agreement or other instrument to which the
     Servicer is a party or by which it shall be bound; or result in the
     creation or imposition of any Lien upon any of its properties pursuant
     to the terms of any such indenture, agreement or other instrument
     (other than this Agreement); or violate any law or, to the best of the
     Servicer's knowledge, any order, rule or regulation applicable to the
     Servicer of any court or of any Federal or state regulatory body,
     administrative agency or other governmental instrumentality having
     jurisdiction over the Servicer or its properties.

                                    28
<PAGE>

          (f) No Proceedings. There are no proceedings or investigations
     pending, or, to the Servicer's best knowledge, threatened, before any
     court, regulatory body, administrative agency or other governmental
     instrumentality having jurisdiction over the Servicer or its
     properties: (i) asserting the invalidity of this Agreement, the
     Indenture, any of the other Basic Documents, the Notes or the
     Certificates, (ii) seeking to prevent the issuance of the Notes or the
     Certificates or the consummation of any of the transactions
     contemplated by this Agreement, the Indenture or any of the other
     Basic Documents, (iii) seeking any determination or ruling that could
     reasonably be expected to materially and adversely affect the
     performance by the Servicer of its obligations under, or the validity
     or enforceability of, this Agreement, the Indenture, any of the other
     Basic Documents, the Notes or the Certificates or (iv) relating to the
     Servicer and that might adversely affect the Federal or state income
     tax attributes of the Notes or the Certificates.

          (g) No Insolvent Obligors. As of the Initial Cutoff Date or, in
     the case of the Subsequent Receivables, as of the related Subsequent
     Cutoff Date, no Obligor is shown on the Receivable Files as the
     subject of a bankruptcy proceeding.

     SECTION 7.2. Indemnities of Servicer. The Servicer shall be liable in
accordance herewith only to the extent of the obligations specifically
undertaken by the Servicer under this Agreement.

          (a) The Servicer shall defend, indemnify and hold harmless the
     Issuer, the Trustee, the Indenture Trustee, the Noteholders, the
     Certificateholders and the Seller (and any of their officers,
     directors, employees and agents) from and against any and all costs,
     expenses, losses, damages, claims and liabilities, arising out of or
     resulting from:

               (i) the use, ownership or operation by the Servicer or any
          Affiliate thereof of any of the Financed Equipment;

               (ii) any taxes that may at any time be asserted against any
          such Person with respect to the transactions contemplated herein,
          including any sales, gross receipts, general corporation,
          tangible personal property, privilege or license taxes (but, in
          the case of the Issuer, not including any taxes asserted with
          respect to, and as of the date of, the sale of the Receivables to
          the Issuer or the issuance and original sale of the Certificates,
          the Notes, or asserted with respect to ownership of the
          Receivables, or Federal or other income taxes arising out of
          distributions on the Certificates or the Notes) and costs and
          expenses in defending against the same;

               (iii) the negligence, willful misfeasance or bad faith of
          the Servicer in the performance of its duties under this
          Agreement or by reason of reckless disregard of its obligations
          and duties under this Agreement; and

                                    29
<PAGE>

               (iv) the Seller's or the Issuer's violation of Federal or
          State securities laws in connection with the offering or sale of
          the Notes.

          (b) The Servicer shall indemnify, defend and hold harmless the
     Trustee and the Indenture Trustee (and their respective officers,
     directors, employees and agents) from and against all costs, expenses,
     losses, claims, damages and liabilities arising out of or incurred in
     connection with the acceptance or performance of the trusts and duties
     herein and, in the case of the Trustee, in the Trust Agreement
     contained, and, in the case of the Indenture Trustee, in the Indenture
     contained, except to the extent that such cost, expense, loss, claim,
     damage or liability:

               (i) shall be due to the willful misfeasance, bad faith or
          negligence (except for errors in judgment) of the Trustee or the
          Indenture Trustee as applicable; or

               (ii) shall arise from the breach by the Trustee of any of
          its representations or warranties set forth in Section 7.3 of the
          Trust Agreement.

          (c) The Servicer shall pay any and all taxes levied or assessed
     upon all or any part of the Trust Estate.

          (d) The Servicer shall pay the Indenture Trustee and the Trustee
     from time to time reasonable compensation for all services rendered by
     the Indenture Trustee under the Indenture or by the Trustee under the
     Trust Agreement (which compensation shall not be limited by any
     provision of law in regard to the compensation of a trustee of an
     express trust).

          (e) The Servicer shall, except as otherwise expressly provided in
     the Indenture or the Trust Agreement, reimburse either the Indenture
     Trustee or the Trustee, respectively, upon its request for all
     reasonable expenses, disbursements and advances incurred or made in
     accordance with the Indenture or the Trust Agreement, respectively,
     (including the reasonable compensation, expenses and disbursements of
     its agents and either in-house counsel or outside counsel, but not
     both), except any such expense, disbursement or advance as may be
     attributable to the Indenture Trustee's or the Trustee's, respectively
     negligence, bad faith or willful misfeasance.

     For purposes of this Section, in the event of the termination of the
rights and obligations of the Servicer pursuant to Section 8.1, or a
resignation by the Servicer pursuant to this Agreement, the Servicer shall
be deemed to be the Servicer pending appointment of a successor Servicer
pursuant to Section 8.2.

                                    30
<PAGE>

     Indemnification under this Section shall survive the resignation or
removal of the Trustee or the Indenture Trustee or the termination of this
Agreement, the Trust Agreement and the Indenture and shall include
reasonable fees and expenses of counsel and expenses of litigation. If the
Servicer shall have made any indemnity payments pursuant to this Section
and the Person to or on behalf of whom such payments are made thereafter
collects any of such amounts from others, such Person shall promptly repay
such amounts to the Servicer, without interest.

     SECTION 7.3. Merger or Consolidation of, or Assumption of the
Obligations of, Servicer. Any Person: (a) into which the Servicer may be
merged or consolidated, (b) that may result from any merger or
consolidation to which the Servicer shall be a party, or (c) that may
succeed to the properties and assets of the Servicer substantially as a
whole, which Person (in any of the foregoing circumstances) executes an
agreement of assumption to perform every obligation of the Servicer
hereunder (or is deemed by law to have assumed such obligations), shall be
the successor to the Servicer under this Agreement without further act on
the part of any of the parties to this Agreement; provided, however, that:
(i) immediately after giving effect to such transaction, no Servicer
Default, and no event that, after notice or lapse of time, or both, would
become a Servicer Default shall have occurred and be continuing, (ii) the
Servicer shall have delivered to the Trustee and Indenture Trustee an
Officers' Certificate and an Opinion of Counsel each stating that such
consolidation, merger or succession and such agreement of assumption comply
with this Section and that all conditions precedent, if any, provided for
in this Agreement relating to such transaction have been complied with,
(iii) the Rating Agencies shall have received at least ten days' prior
written notice of such transaction and (iv) the Servicer shall have
delivered to the Trustee and the Indenture Trustee an Opinion of Counsel
either: (A) stating that, in the opinion of such counsel, all financing
statements, continuation statements and amendments thereto have been
executed and filed that are necessary fully to preserve and protect the
interest of the Trustee and the Indenture Trustee, respectively, in the
Receivables and reciting the details of such filings, or (B) stating that,
in the opinion of such counsel, no such action shall be necessary to
preserve and protect such interests. Notwithstanding anything herein to the
contrary, the execution of the foregoing agreement of assumption and
compliance with clauses (i), (ii), (iii) and (iv) shall be conditions to
the consummation of the transactions referred to in clauses (a), (b) or (c).

     SECTION 7.4. Limitation on Liability of Servicer and Others. Neither
the Servicer nor any of the directors, officers, employees or agents of the
Servicer shall be under any liability to the Issuer, the Noteholders or the
Certificateholders, except as provided under this Agreement, for any action
taken or for refraining from the taking of any action pursuant to this
Agreement or for errors in judgment; provided, however, that this provision
shall not protect the Servicer or any such Person against any liability
that would otherwise be imposed by reason of willful misfeasance, bad faith
or negligence in the performance of its duties or by reason of reckless
disregard of obligations and duties under this Agreement. The Servicer and
any director, officer, employee or agent of the Servicer may rely in good
faith on the advice of counsel or on any document of any kind prima facie
properly executed and submitted by any Person respecting any matters
arising hereunder.

                                    31
<PAGE>

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

     SECTION 7.5. Case Credit Not to Resign as Servicer. Subject to Section
7.3, Case Credit shall not resign from the obligations and duties imposed
on it as Servicer under this Agreement except upon determination that the
performance of its duties under this Agreement shall no longer be
permissible under applicable law and such impermissibility cannot be
reasonably and promptly cured. Notice of any such determination shall be
communicated to the Trustee and the Indenture Trustee at the earliest
practicable time (and, if such communication is not in writing, shall be
confirmed in writing at the earliest practicable time) and any such
determination shall be evidenced by an Opinion of Counsel to such effect
delivered to the Trustee and the Indenture Trustee concurrently with or
promptly after such notice. No such resignation shall become effective
until the Indenture Trustee or a successor Servicer shall have assumed the
responsibilities and obligations of Case Credit in accordance with
Section 8.2.

     SECTION 7.6. Servicer to Act as Administrator. In the event of the
resignation or removal of the Administrator and the failure of a successor
Administrator to have been appointed and to have accepted such appointment
as successor Administrator, the Servicer shall become the successor
Administrator and shall be bound by the terms of the Administration
Agreement.

                               ARTICLE VIII
                                  Default

     SECTION 8.1. Servicer Default. If any one of the following events (a
"Servicer Default") shall occur and be continuing:

          (a) any failure by the Servicer to deliver to the Indenture
     Trustee for deposit in any of the Trust Accounts or the Certificate
     Distribution Account any required payment or to direct the Indenture
     Trustee or the Trustee to make any required distributions therefrom,
     which failure continues unremedied for three Business Days after
     written notice of such failure is received by the Servicer from the
     Trustee or the Indenture Trustee or after discovery of such failure by
     an officer of the Servicer;

                                    32
<PAGE>

          (b) any failure by the Servicer or the Seller, as the case may
     be, duly to observe or to perform in any material respect any other
     covenants or agreements (other than as set forth in clause (a)) of the
     Servicer or the Seller (as the case may be) set forth in this
     Agreement or any other Basic Document, which failure shall: (i)
     materially and adversely affect the rights of Certificateholders or
     Noteholders and (ii) continue unremedied for a period of 60 days after
     the date on which written notice of such failure, requiring the same
     to be remedied, shall have been given: (A) to the Servicer or the
     Seller (as the case may be) by the Trustee or the Indenture Trustee or
     (B) to the Servicer or the Seller (as the case may be) and to the
     Trustee and the Indenture Trustee, by the Noteholders or
     Certificateholders, as applicable, evidencing not less than 25% of the
     Outstanding Amount of the Notes or 25% of the Certificate Percentage
     Interest; or

          (c) an Insolvency Event occurs with respect to the Seller or the
     Servicer;

     then, and in each and every case, so long as the Servicer Default
shall not have been remedied, either the Indenture Trustee, or the Holders
of Notes evidencing not less than 25% of the Outstanding Amount of the
Notes, by notice then given in writing to the Servicer (and to the
Indenture Trustee and the Trustee if given by the Noteholders), may
terminate all the rights and obligations (other than the obligations set
forth in Section 7.2) of the Servicer under this Agreement. On or after the
receipt by the Servicer of such written notice, all authority and power of
the Servicer under this Agreement, whether with respect to the Notes, the
Certificates, the Receivables or otherwise, shall, without further action,
pass to and be vested in the Indenture Trustee or such successor Servicer
as may be appointed under Section 8.2; and, without limitation, the
Indenture Trustee and the Trustee are hereby authorized and empowered to
execute and deliver, on behalf of the predecessor Servicer, as
attorney-in-fact or otherwise, any and all documents and other instruments,
and to do or accomplish all other acts or things necessary or appropriate
to effect the purposes of such notice of termination, whether to complete
the transfer and endorsement of the Receivables and related documents, or
otherwise. The predecessor Servicer shall cooperate with the successor
Servicer, the Indenture Trustee and the Trustee in effecting the
termination of the responsibilities and rights of the predecessor Servicer
under this Agreement, including the transfer to the successor Servicer for
administration by it of: (i) all cash amounts that shall at the time be
held by the predecessor Servicer for deposit, or shall thereafter be
received by it with respect to a Receivable and (ii) all Receivable Files.
All reasonable costs and expenses (including attorneys' fees) incurred in
connection with such transfer, including the costs of transferring the
Receivable Files to the successor Servicer and amending this Agreement to
reflect its succession as Servicer, shall be paid by the predecessor
Servicer upon presentation of reasonable documentation of such costs and
expenses. Upon receipt of notice of the occurrence of a Servicer Default,
the Trustee shall give notice thereof to the Rating Agencies.

     SECTION 8.2. Appointment of Successor Servicer. (a) Upon the
Servicer's receipt of notice of termination, pursuant to Section 8.1, or
the Servicer's resignation in accordance with this Agreement, the
predecessor Servicer shall continue to perform its functions as Servicer
under this Agreement, in the case of termination, only until the date

                                    33
<PAGE>

specified in such termination notice or, if no such date is specified in a
notice of termination, until receipt of such notice and, in the case of
resignation, until the earlier of: (x) the date 45 days from the delivery
to the Trustee and the Indenture Trustee of written notice of such
resignation (or written confirmation of such notice) in accordance with
this Agreement and (y) the date upon which the predecessor Servicer shall
become unable to act as Servicer, as specified in the notice of resignation
and accompanying Opinion of Counsel. In the event of the Servicer's
termination hereunder, the Issuer shall appoint a successor Servicer
acceptable to the Indenture Trustee, and the successor Servicer shall
accept its appointment by a written assumption in form acceptable to the
Indenture Trustee. In the event that a successor Servicer has not been
appointed at the time when the predecessor Servicer has ceased to act as
Servicer in accordance with this Section, the Indenture Trustee without
further action shall automatically be appointed the successor Servicer and
shall be entitled to the Servicing Fee. Notwithstanding the above, the
Indenture Trustee shall, if it shall be unable so to act, appoint or
petition a court of competent jurisdiction to appoint any established
institution, having a net worth of not less than $50,000,000 and whose
regular business shall include the servicing of receivables, as the
successor to the Servicer under this Agreement.

     (b) Upon appointment, the successor Servicer (including the Indenture
Trustee acting as successor Servicer) shall be the successor in all
respects to the predecessor Servicer (except with respect to
responsibilities and obligations of the predecessor Servicer set forth in
Section 7.2) and shall be subject to all the responsibilities, duties and
liabilities arising thereafter relating thereto placed on the predecessor
Servicer and shall be entitled to the Servicing Fee and all the rights
granted to the predecessor Servicer by this Agreement. Neither the
Indenture Trustee nor any other successor Servicer shall be deemed to be in
default hereunder due to any act or omission of a predecessor Servicer,
including but not limited to failure of such predecessor Servicer to timely
deliver to the Indenture Trustee any required information pertaining to the
Receivables, any funds required to be deposited with the Indenture Trustee,
or any breach of duty of such predecessor Servicer to cooperate with a
transfer of servicing as required hereunder. Any successor Servicer shall
from time to time provide to Case Credit such information as Case Credit
shall request with respect to the Receivables and collections thereon.

     (c) Subject to the last sentence of clause (a), the Servicer may not
resign unless it is prohibited from serving as such by law as evidenced by
an Opinion of Counsel to such effect delivered to the Indenture Trustee and
the Trustee.

     SECTION 8.3. Notification to Noteholders and Certificateholders. Upon
any termination of, or appointment of a successor to, the Servicer pursuant
to this Article VIII, the Trustee shall give prompt written notice thereof
to the Certificateholders and the Indenture Trustee shall give prompt
written notice thereof to the Noteholders and the Rating Agencies.

                                    34
<PAGE>

     SECTION 8.4. Waiver of Past Defaults. The Noteholders of Notes
evidencing not less than a majority of the Note Balance (or the Holders of
Certificates evidencing not less than a majority of the Certificate
Balance, in the case of any default that does not adversely affect the
Indenture Trustee or the Noteholders) may, on behalf of all the Noteholders
and Certificateholders, waive in writing any default by the Servicer in the
performance of its obligations hereunder and its consequences, except a
default in making any required deposits to or payments from any of the
Trust Accounts in accordance with this Agreement. Upon any such waiver of a
past default, such default shall cease to exist, and any Servicer Default
arising therefrom shall be deemed to have been remedied for every purpose
of this Agreement. No such waiver shall extend to any subsequent or other
default or impair any right consequent thereto.

                                ARTICLE IX
                                Termination

     SECTION 9.1. Optional Purchase of All Receivables. (a) As of the first
day of any Collection Period immediately preceding a Payment Date as of
which the Pool Balance is 10% or less of the Initial Pool Balance, the
Servicer shall have the option to purchase all of the Trust Estate, other
than the Trust Accounts. To exercise such option, the Servicer shall
deposit, pursuant to Section 5.4, in the Collection Account an amount equal
to the aggregate Purchase Amount for the Receivables plus the appraised
value of any such other property held by the Trust, such value to be
determined by an appraiser mutually agreed upon by the Servicer, the
Trustee and the Indenture Trustee, and shall succeed to all interests in,
to and under the Trust Estate, other than the Trust Accounts.

     (b) Upon any sale of the assets of the Trust, the Servicer shall
instruct the Indenture Trustee to deposit the proceeds from such sale after
all payments and reserves therefrom have been made (the "Sale Proceeds") in
the Collection Account. On the Payment Date on, or, if such proceeds are
not so deposited on a Payment Date, on the first Payment Date following the
date on which the Sale Proceeds are deposited in the Collection Account,
the Servicer shall instruct the Indenture Trustee to make the following
deposits (after the application on such Payment Date of the Total
Distribution Amount and funds on deposit in the Spread Account pursuant to
Sections 5.5 and 5.6) from the Sale Proceeds and any funds remaining on
deposit in the Spread Account (including the proceeds of any sale of
investments therein as described in the following sentence):

          (i) first, to the Note Distribution Account, any portion of the
     Class A Noteholders' Class Interest Amount and the Outstanding Amount
     of the Class A Notes (after giving effect to the reduction resulting
     from the deposits made in the Note Distribution Account on such
     Payment Date and on prior Payment Dates) not otherwise deposited into
     the Note Distribution Account on such Payment Date;

                                    35
<PAGE>

          (ii) second, to the Note Distribution Account, any portion of the
     Class B Noteholders' Class Interest Amount and the Outstanding Amount
     of the Class B Notes (after giving effect to the reduction resulting
     from the deposits made in the Note Distribution Account on such
     Payment Date and on prior Payment Dates) not otherwise deposited into
     the Note Distribution Account on such Payment Date;

          (iii) third, to the Note Distribution Account, any portion of the
     Class C Noteholders' Class Interest Amount and the Outstanding Amount
     of the Class C Notes (after giving effect to the reduction resulting
     from the deposits made in the Note Distribution Account on such
     Payment Date and on prior Payment Dates) not otherwise deposited into
     the Note Distribution Account on such Payment Date;

          (iv) fourth, to the Issuer).

     Any investments on deposit in the Spread Account that will not mature
on or before such Payment Date shall be sold by the Indenture Trustee at
such time as will result in the Indenture Trustee receiving the proceeds
from such sale not later than the Transfer Date preceding such Payment
Date. Any Sale Proceeds remaining after the deposits described above shall
be paid to the Seller.

     (c) As described in Article IX of the Trust Agreement, notice of any
termination of the Trust shall be given by the Servicer to the Trustee and
the Indenture Trustee as soon as practicable after the Servicer has
received notice thereof.

     (d) Following the satisfaction and discharge of the Indenture and the
payment in full of the principal of and interest on the Notes, the
Certificateholders will succeed to the rights of the Noteholders hereunder
and the Trustee will succeed to the rights of, and assume the obligations
of, the Indenture Trustee pursuant to this Agreement.

                                 ARTICLE X
                          Miscellaneous Provisions

     SECTION 10.1. Amendment. The Agreement may be amended from time to
time by a written amendment duly executed and delivered by the Seller, the
Servicer and the Issuer, with the written consent of the Indenture Trustee,
but without the consent of any of the Noteholders or the
Certificateholders, to cure any ambiguity, to correct or supplement any
provisions in this Agreement or for the purpose of adding any provisions to
or changing in any manner or eliminating any of the provisions in this
Agreement or of modifying in any manner the rights of the Noteholders or
the Certificateholders; provided, however, that such action shall not, as
evidenced by an Opinion of Counsel delivered to the Trustee and the
Indenture Trustee, adversely affect in any material respect the interests
of any Noteholder or Certificateholder.

                                    36
<PAGE>

     The Specified Spread Account Balance may be reduced or the definition
thereof otherwise modified without the consent of any of the Noteholders or
the Certificateholders if the Rating Agency Condition is satisfied.

     This Agreement may also be amended from time to time by the Seller,
the Servicer and the Issuer, with the written consent of the Indenture
Trustee, but without the consent of any of the Noteholders or the
Certificateholders, to: (x) replace the Spread Account with another form of
credit enhancement as long as such substitution will not result in a
reduction or withdrawal of the rating of any Class of the Notes or the
Certificates or (y) add credit enhancement for the benefit of any Class of
the Notes or the Certificates.

     This Agreement may also be amended from time to time by the Seller,
the Servicer and the Issuer, with the written consent of (a) the Indenture
Trustee, (b) Noteholders holding Notes evidencing not less than a majority
of the Note Balance, and (c) the Holders of Certificates evidencing not
less than a majority of the 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 Noteholders or the Certificateholders; provided,
however, that no such amendment shall: (a) increase or reduce in any manner
the amount of, or accelerate or delay the timing of, collections of
payments on Receivables or distributions that shall be required to be made
for the benefit of the Noteholders or the Certificateholders or (b) reduce
the aforesaid percentage of the Notes and the Certificates that are
required to consent to any such amendment, without the consent of the
holders of all the outstanding Notes and Certificates.

     Promptly after the execution of any such amendment or consent (or, in
the case of the Rating Agencies, 10 days prior thereto), the Trustee shall
furnish written notification of the substance of such amendment or consent
to each Certificateholder, the Indenture Trustee and each of the Rating
Agencies.

     It shall not be necessary for the consent of Certificateholders or the
Noteholders pursuant to this Section to approve the particular form of any
proposed amendment or consent, but it shall be sufficient if such consent
shall approve the substance thereof.

     Prior to the execution of any amendment to this Agreement, the Trustee
and the Indenture Trustee shall be entitled to receive and rely upon: (i)
an Opinion of Counsel stating that the execution of such amendment is
authorized or permitted by this Agreement and the other Basic Documents and
that all conditions precedent to such execution and delivery by the Trustee
and the Indenture Trustee have been satisfied and (ii) the Opinion of
Counsel referred to in Section 10.2(i)(1). The Trustee and the Indenture
Trustee may, but shall not be obligated to, enter into any such amendment
that affects the Trustee's or the Indenture Trustee's, as applicable, own
rights, duties or immunities under this Agreement or otherwise.

                                    37
<PAGE>

     SECTION 10.2. Protection of Title to Trust. (a) The Seller shall
execute and file such financing statements, and cause to be executed and
filed such continuation statements, all in such manner and in such places
as may be required by applicable law fully to preserve, maintain and
protect the right, title and interest of the Issuer and the interests of
the Indenture Trustee in the Receivables, the other property sold hereunder
and in the proceeds thereof. The Seller shall deliver (or cause to be
delivered) to the Trustee and the Indenture Trustee file-stamped copies of,
or filing receipts for, any document filed as provided above as soon as
available following such filing. It is understood and agreed, however, that
no filings will be made to perfect any security interest of the Issuer or
the Indenture Trustee in the Seller's interests in True Lease Equipment.
The Issuer and the Indenture Trustee 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 paragraph.

     (b) Neither the Seller nor the Servicer shall change its name,
identity or corporate structure in any manner that would, could or might
make any financing statement or continuation statement filed in accordance
with paragraph (a) seriously misleading within the applicable provisions of
the UCC, unless it shall have given the Trustee and the Indenture Trustee
at least five days' prior written notice thereof and shall have promptly
filed appropriate amendments to all previously filed financing statements
or continuation statements.

     (c) Each of the Seller and the Servicer shall have an obligation to
give the Trustee and the Indenture Trustee at least 60 days' prior written
notice of any relocation of its principal executive office or its
"location" as defined in Section 9-307 of the UCC if, 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 shall promptly file any
such amendment. The Servicer shall at all times maintain each office from
which it shall service Receivables, and its principal executive office,
within the United States of America.

     (d) The Servicer 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 and the amounts from time to time deposited in the
Collection Account in respect of such Receivable.

     (e) The Servicer shall maintain its computer systems so that, from and
after the time of sale under this Agreement of the Receivables, the
Servicer's master computer records (including any backup archives) that
refer to a Receivable shall indicate clearly the interest of the Issuer and
the Indenture Trustee in such Receivable and that such Receivable is owned
by the Issuer and has been pledged to Bank One, as Indenture Trustee.
Indication of the Issuer's and the Indenture Trustee's interest in a
Receivable may be deleted from or modified on the Servicer's computer
systems when, and only when, the related Receivable shall have been paid in
full or repurchased.

                                    38
<PAGE>

     (f) If at any time the Seller or the Servicer shall propose to sell,
grant a security interest in, or otherwise transfer any interest in
equipment receivables to any prospective purchaser, lender or other
transferee, the Servicer shall give to such prospective purchaser, lender
or other transferee computer tapes, records or printouts (including any
restored from backup archives) that, if they shall refer in any manner
whatsoever to any Receivable, shall indicate clearly that such Receivable
has been sold and is owned by the Issuer and has been pledged to the
Indenture Trustee.

     (g) The Servicer shall permit the Indenture Trustee and its agents at
any time during normal business hours to inspect, audit and make copies of
and abstracts from the Servicer's records regarding any Receivable.

     (h) Upon request, the Servicer shall furnish to the Trustee or to the
Indenture Trustee, within five Business Days, a list of all Receivables (by
contract number and name of Obligor) then held as part of the Trust,
together with a reconciliation of such list to the Schedule of Receivables
and to each of the Servicer's Certificates furnished before such request
indicating removal of Receivables from the Trust.

     (i) The Servicer shall deliver to the Trustee and the Indenture
Trustee:

          (1) promptly after the execution and delivery of this Agreement
     and of each amendment hereto, an Opinion of Counsel either: (A)
     stating that, in the opinion of such counsel, all financing statements
     and continuation statements have been executed and filed that are
     necessary fully to preserve and protect the interest of the Trustee
     and the Indenture Trustee in the Receivables, and reciting the details
     of such filings or referring to prior Opinions of Counsel in which
     such details are given, or (B) stating that, in the opinion of such
     counsel, no such action shall be necessary to preserve and protect
     such interest; and

          (2) within 90 days after the beginning of each calendar year
     beginning with the first calendar year beginning more than three
     months after the Initial Cutoff Date, an Opinion of Counsel, dated as
     of a date during such 90-day period, either: (A) stating that, in the
     opinion of such counsel, all financing statements and continuation
     statements have been executed and filed that are necessary fully to
     preserve and protect the interest of the Trustee and the Indenture
     Trustee in the Receivables, and reciting the details of such filings
     or referring to prior Opinions of Counsel in which such details are
     given, or (B) stating that, in the opinion of such counsel, no such
     action shall be necessary to preserve and protect such interest.

                                    39
<PAGE>

     Each Opinion of Counsel referred to in clause (1) or (2) shall specify
any action necessary (as of the date of such opinion) to be taken in the
following year to preserve and protect such interest.

     (j) The Seller shall, to the extent required by applicable law, cause
the Certificates and the Notes to be registered with the Commission
pursuant to Section 12(b) or Section 12(g) of the Exchange Act within the
time periods specified in such sections.

     SECTION 10.3. Notices. All demands, notices, directions, instructions
and communications upon or to the Seller, the Servicer, the Issuer, the
Trustee, the Indenture Trustee or the Rating Agencies under this Agreement
shall be in writing, personally delivered or mailed by certified mail,
return receipt requested, and shall be deemed to have been duly given upon
receipt: (a) in the case of the Seller, to CNH Capital Receivables Inc.,
100 South Saunders Road, Lake Forest, Illinois 60045, Attention of:
Treasurer (telephone (847) 735-9200 and facsimile (847) 955-4943, (b) in
the case of the Servicer, to Case Credit Corporation, 233 Lake Avenue,
Racine, Wisconsin 53403, Attention: Treasurer (telephone (262) 636-6011 and
facsimile (262) 636-6284), (c) in the case of the Issuer or the Trustee, at
its Corporate Trust Office, (d) in the case of the Indenture Trustee, at
its Corporate Trust Office, (e) in the case of Moody's, to Moody's
Investors Service, Inc., ABS Monitoring Department, 99 Church Street, New
York, New York 10007, and (f) in the case of Standard & Poor's, to Standard
& Poor's Ratings Services, a division of McGraw-Hill Companies, Inc., 55
Water Street, New York, New York 10041, Attention of Asset Backed
Surveillance Department; or, as to each of the foregoing, at such other
address as shall be designated by written notice to the other parties.

     SECTION 10.4. Assignment. Notwithstanding anything to the contrary
contained herein, except as provided in Sections 6.4 and 7.3 and as
provided in the provisions of this Agreement concerning the resignation of
the Servicer, this Agreement may not be assigned by the Seller or the
Servicer.

     SECTION 10.5. Limitations on Rights of Others. The provisions of this
Agreement are solely for the benefit of the Seller, the Servicer, the
Issuer, the Trustee, the Certificateholders, the Indenture Trustee and the
Noteholders, and nothing in this Agreement, whether express or implied,
shall be construed to give to any other Person any legal or equitable
right, remedy or claim in the Trust Estate or under or in respect of this
Agreement or any covenants, conditions or provisions contained herein.

     SECTION 10.6. Severability. Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof, and
any such prohibition or unenforceability in any jurisdiction shall not
invalidate or render unenforceable such provision in any other
jurisdiction.

                                    40
<PAGE>

     SECTION 10.7. Separate Counterparts. This Agreement may be executed by
the parties hereto in separate counterparts, each of which when so executed
and delivered shall be an original, but all such counterparts shall
together constitute but one and the same instrument.

     SECTION 10.8. Headings. The headings of the various Articles and
Sections herein are for convenience of reference only and shall not define
or limit any of the terms or provisions hereof.

     SECTION 10.9. Governing Law. This Agreement shall be construed in
accordance with the laws of the State of New York, without reference to its
conflict of law provisions, and the obligations, rights and remedies of the
parties hereunder shall be determined in accordance with such laws.

     SECTION 10.10. Assignment to Indenture Trustee. The Seller hereby
acknowledges and consents to any mortgage, pledge, assignment and grant of
a security interest by the Issuer to the Indenture Trustee pursuant to the
Indenture for the benefit of the Noteholders of all right, title and
interest of the Issuer in, to and under the Receivables and/or the
assignment of any or all of the Issuer's rights and obligations hereunder
to the Indenture Trustee, and agrees that enforcement of a right or remedy
hereunder by the Indenture Trustee shall have the same force and effect as
if the right or remedy had been enforced or executed by the Issuer.

     SECTION 10.11. Nonpetition Covenants. (a) Notwithstanding any prior
termination of this Agreement, the Servicer and the Seller shall not, prior
to the date that is one year and one day after the termination of this
Agreement, with respect to the Issuer, acquiesce, petition or otherwise
invoke or cause the Issuer to invoke the process of any court or
governmental authority for the purpose of commencing or sustaining a case
against the Issuer under any Federal or state bankruptcy, insolvency or
similar law or appointing a receiver, liquidator, assignee, trustee,
custodian, sequestrator or other similar official of the Issuer or any
substantial part of its property, or ordering the winding up or liquidation
of the affairs of the Issuer. The foregoing shall not limit the right of
the Servicer and the Seller to file any claim in or otherwise take any
action with respect to any such insolvency proceeding that was instituted
against the Issuer by any Person other than the Servicer or the Seller.

     (b) Notwithstanding any prior termination of this Agreement, the
Servicer shall not, prior to the date that is one year and one day after
the termination of this Agreement, with respect to the Seller, acquiesce,
petition or otherwise invoke or cause the Seller to invoke the process of
any court or governmental authority for the purpose of commencing or
sustaining a case against the Seller under any Federal or state bankruptcy,
insolvency or similar law or appointing a receiver, liquidator, assignee,
trustee, custodian, sequestrator or other similar official of the Seller or
any substantial part of its property, or ordering the winding up or
liquidation of the affairs of the Seller. The foregoing shall not limit the
right of the Servicer to file any claim in or otherwise take any action
with respect to any such insolvency proceeding that was instituted against
the Seller by any Person other than the Servicer.

                                    41
<PAGE>

     SECTION 10.12. Limitation of Liability of Trustee and Indenture
Trustee. (a) Notwithstanding anything contained herein to the contrary,
this Agreement has been countersigned by The Bank of New York, not in its
individual capacity but solely in its capacity as Trustee of the Issuer,
and in no event shall The Bank of New York, in its individual capacity or,
except as expressly provided in the Trust Agreement, any beneficial owner
of the Issuer 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.

     (b) Notwithstanding anything contained herein to the contrary, this
Agreement has been accepted by Bank One, National Association, not in its
individual capacity but solely as Indenture Trustee, and in no event shall
Bank One, National Association 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 10.13. Conditions Precedent to Other Financing Transactions.
The Seller shall not enter into any receivables sale or other financing
transaction unless either the appropriate documents relating thereto
contain provisions substantially to the effect set out in Sections 11.17
and 11.19 of the Indenture or such transaction otherwise shall have
satisfied the Rating Agency Condition.

                          (signature page follows)

                                    42
<PAGE>

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

                                  CNH EQUIPMENT TRUST 2002-A

                                  By:  THE BANK OF NEW YORK,
                                       not its individual capacity but solely
                                       as Trustee of the Trust

                                  By:  /s/ Erwin Soriano
                                       ----------------------------------------
                                       Name:  Erwin
                                       Title:  Assistant Treasurer

                                  CNH CAPITAL RECEIVABLES INC.,
                                  as Seller

                                  By:  /s/ Alberto Fornaro
                                       ----------------------------------------
                                       Name:  Alberto Fornaro
                                       Title: Vice President & Treasurer

                                  CASE CREDIT CORPORATION,
                                  as Servicer

                                  By:  /s/ Alberto Fornaro
                                       ----------------------------------------
                                       Name:  Alberto Fornaro
                                       Title: Vice President & Treasurer

    Acknowledged and Accepted:

    Bank One, National Association,
         not in its individual capacity
         but solely as Indenture Trustee

    By: /s/ Keith Richardson
        -------------------------------------
        Name:  Keith Richardson
        Title: Vice President

                                      S-1

<PAGE>
<TABLE>
<CAPTION>

                                                                      EXHIBIT A
                                                to Sale and Servicing Agreement

                            FORM OF NOTEHOLDER'S
                   STATEMENT PURSUANT TO SECTION 5.10(A)
                   -------------------------------------

                  Payment Date: ______________________

<S>     <C>
(i)      Amount of principal being paid on Notes:

         A-1 Notes:        ______________   ($_____ per $1,000 original principal amount)

         A-2 Notes:        ______________   ($_____ per $1,000 original principal amount)

         A-3 Notes:        ______________   ($_____ per $1,000 original principal amount)

         A-4 Notes:        ______________   ($_____ per $1,000 original principal amount)

         Class B Notes:    _____________    ($_____ per $1,000 original principal amount)

         Class C Notes:    _____________    ($_____ per $1,000 original principal amount)

(ii)     Amount of interest being paid on Notes:

         A-1 Notes:        ______________   ($_____ per $1,000 original principal amount)

         A-2 Notes:        ______________   ($_____ per $1,000 original principal amount)

         A-3 Notes:        ______________   ($_____ per $1,000 original principal amount)

         A-4 Notes:        ______________   ($_____ per $1,000 original principal amount)

         Class B Notes:    _____________    ($_____ per $1,000 original principal amount)

         Class C Notes:    _____________    ($_____ per $1,000 original principal amount)

(iii)    Pool Balance at end of the preceding Collection Period: _____

                                A-1
<PAGE>
<CAPTION>

<S>     <C>
(iv)     After giving effect to distributions on this Payment Date:

         (a)   (1)      Outstanding Amount of A-1 Notes: _______
               (2)      Outstanding Amount of A-2 Notes: _______
               (3)      Outstanding Amount of A-3 Notes: _______
               (4)      Outstanding Amount of A-4 Notes: _______
               (5)      Outstanding Amount of Class B Notes: _______
               (6)      Outstanding Amount of Class C Notes:  _______
               (7)      A-1 Note Pool Factor: _____
               (8)      A-2 Note Pool Factor: _____
               (9)      A-3 Note Pool Factor: _____
               (10)     A-4 Note Pool Factor: _____
               (11)     Class B Note Pool Factor: _____
               (12)     Class C Note Pool Factor:  _____

         (b)   (1)      Certificate Balance: __________
               (2)      Certificate Pool Factor: __________

(v)      Amount of Servicing Fee: ____      ($_____ per $1,000 original principal amount)

(vi)     Amount of Administration Fee: ____ ($____ per $1,000 original principal amount)

(vii)    Aggregate Amount of Realized Losses for the Collection Period: __________

(viii)   Aggregate Purchase Amounts for the Collection Period:  __________

(ix)     Balance of Spread Account: __________

(x)      Pre-funded Amount: __________

(xi)     Balance of Principal Supplement Account:__________

(xii)    Balance of Negative Carry Account: __________

(xiii)   Amount of Net Swap Payments or Net Swap Receipts: __________

(xiv)    Amount of Swap Termination Payments paid by the Issuer: __________

                                    A-2
<PAGE>

<CAPTION>

                                                                     EXHIBIT B
                                               to Sale and Servicing Agreement

                        FORM OF CERTIFICATEHOLDER'S
                   STATEMENT PURSUANT TO SECTION 5.10(A)
                   -------------------------------------

                  Payment Date: ______________________

<S>     <C>
(i)      Amount of principal being paid or distributed:

         (a)      (1)      A-1 Notes: __________
                  (2)      A-2 Notes: __________
                  (3)      A-3 Notes: __________
                  (4)      A-4 Notes: __________
                  (5)      Class B Notes: __________
                  (6)      Class C Notes: __________

         (b)      Certificates: ___________  ($_____ per $1,000 original principal amount)

         (c)      Total: __________

(ii)     Amount of interest being paid or distributed:

         (a)      (1)      A-1 Notes: __________
                  (2)      A-2 Notes: __________
                  (3)      A-3 Notes: __________
                  (4)      A-4 Notes: __________
                  (5)      Class B Notes: __________
                  (6)      Class C Notes: __________

         (b)      Certificates: ___________  ($_____ per $1,000 original principal amount)
         (c)      Total: __________

(iii)    Pool Balance at end of the preceding Collection Period: _____

                                    B-1
<PAGE>
<CAPTION>

<S>     <C>
(iv)     After giving effect to distributions on this Payment Date:

         (a)      (1)      Outstanding Amount of A-1 Notes: _______
                  (2)      Outstanding Amount of A-2 Notes: _______
                  (3)      Outstanding Amount of A-3 Notes: _______
                  (4)      Outstanding Amount of A-4 Notes: _______
                  (5)      Outstanding Amount of Class B Notes: _______
                  (6)      Outstanding Amount of Class C Notes: _______
                  (7)      A-1 Note Pool Factor: _____
                  (8)      A-2 Note Pool Factor: _____
                  (9)      A-3 Note Pool Factor: _____
                  (10)     A-4 Note Pool Factor: _____
                  (11)     Class B Note Pool Factor: _____
                  (12)     Class C Note Pool Factor: _____

         (b)      (1)      Certificate Balance: __________
                  (2)      Certificate Pool Factor: __________

(v)      Amount of Servicing Fee: ____      ($_____ per $1,000 original principal amount)

(vi)     Amount of Administration Fee: ____ ($____ per $1,000 original principal amount)

(vii)    Aggregate amount of Realized Losses for the Collection Period: __________

(viii)   Aggregate Purchase Amounts for the Collection Period:  __________

(ix)     Balance of Spread Account: __________

(x)      Pre-Funded Amount:__________

(xi)     Balance of Negative Carry Account: __________

(xii)    Amount of Net Swap Payments or Net Swap Receipts: __________

(xiii)   Amount of Swap Termination Payments paid by the Issuer: __________

</TABLE>

                                 B-2
<PAGE>

                                                                    EXHIBIT C
                                              to Sale and Servicing Agreement

                       FORM OF SERVICER'S CERTIFICATE

The Bank of New York
5 Penn Plaza, 16th Floor
New York, New York  10001
Attention: Corporate Trust Administration - Asset Backed Finance Unit

Bank One, National Association
1 Bank One Plaza, Suite IL1-0481
Chicago, Illinois 60670-0126
Attention: Global Corporate Trust Services

CNH Capital Receivables Inc.
100 South Saunders Road
Lake Forest, Illinois 60045
Attention: Secretary

Moody's Investors Service, Inc.
ABS Monitoring Department
99 Church Street
New York, New York 10007

Standard & Poor's Ratings Services,
  a division of McGraw-Hill Companies, Inc.
55 Water Street
New York, New York 10041
Attention: Asset Backed Surveillance Department

                                   C-1

<PAGE>
<TABLE>
<CAPTION>

                        Class A-1 Asset-Backed Notes
                        Class A-2 Asset-Backed Notes
                        Class A-3 Asset-Backed Notes
                        Class A-4 Asset-Backed Notes
                         Class B Asset-Backed Notes
                         Class C Asset-Backed Notes
                               Certificates
                        ----------------------------

        Determination Date:                                                                            __-___-__

                              DISTRIBUTIONS
                              -------------

<S>    <C>                                                                                             <C>
(1)     Total Distribution Amount                                                                       $________

(2)     Servicing Fee                                                                                   $________

(3)     Administration Fee                                                                              $________

(4)     Net Swap Payments                                                                               $________

(5)     Swap Termination Payments payable by the Issuer                                                 $________

(6)     Class A Noteholder's Class Interest Amount:                                                     $________

        o        Interest on Class A Notes ($_______________)
        o        Class A Noteholder's Class Interest Shortfall, if any ($__________)

(7)     Class B Noteholders' Class Interest Amount                                                      $________

        o        Interest on Class B Notes ($___________)
        o        Class B Noteholders' Class Interest Shortfall ($_____________)

(8)     Class C Noteholders' Class Interest Amount                                                      $________

        o        Interest on Class C Notes ($___________)
        o        Class C Noteholders' Class Interest Shortfall ($_____________)

(9)     Class Principal Distributable Amount                                                            $________

        o        Class A Noteholders' Monthly Principal Distributable Amount
        o        Class Principal Distributable Amount for each Class of Class A Notes
                 having priority of payment over such Class of Class A Notes
        o        Outstanding principal amount of that Class

                                    C-2
<PAGE>

<CAPTION>

<S>    <C>                                                                                             <C>
(10)    Class A Noteholders' Monthly Principal Distributable Amount                                     $________

        o        Aggregate scheduled principal payments on the Receivables received
                 during the Collection Period ($____________)
        o        Outstanding principal balance of the Class A Notes and Certificates ($________)
        o        Pool Balance ($_________)
        o        Amounts on deposit in the Pre-Funding Account ($__________)
        o        Outstanding amount of Class A Notes ($__________)

(11)    A-1 Noteholders' Class Principal Distributable Amount                                           $________

        o        Class A Noteholders' Monthly Principal Distributable Amount ($________)
        o        A-1 Noteholders' outstanding principal amount ($__________)

(12)    A-2 Noteholders' Class Principal Distributable Amount                                           $________

        o        Class A Noteholders' Monthly Principal Distributable Amount ($__________)
        o        A-1 Noteholders' Class Principal Distributable Amount ($__________)
        o        A-2 Noteholders' Outstanding Amount ($__________)

(13)    A-3 Noteholders' Class Principal Distributable Amount                                           $________

        o        Class A Noteholders' Monthly Principal Distributable Amount ($__________)
        o        A-1 Noteholders' Class Principal Distributable Amount ($__________)
        o        A-2 Noteholders' Class Principal Distributable Amount ($__________)
        o        A-3 Noteholders' Outstanding Amount ($__________)

(14)    A-4 Noteholders' Class Principal Distributable Amount                                           $________

        o        Class A Noteholders' Monthly Principal Distributable Amount ($__________)
        o        A-1 Noteholders' Class Principal Distributable Amount ($__________)
        o        A-2 Noteholders' Class Principal Distributable Amount ($__________)
        o        A-3 Noteholders' Class Principal Distributable Amount ($__________)
        o        A-4 Noteholders' Outstanding Amount ($__________)

(15)    Class B Noteholders' Class Principal Distributable Amount

                                    C-3
<PAGE>
<CAPTION>

<S>    <C>                                                                                             <C>
(16)    Class C Noteholders' Class Principal Distributable Amount

(17)    Reallocated Class C Principal Amount

(18)    NOTEHOLDERS' DISTRIBUTABLE AMOUNT                                                               $________
               (6)+(7)+(10)+(11)+(12)+(13) +(14) +(15) +(16)

(19)    Deposit to Note Distribution Account                                                            $________

        o        Excess, if any, of Total Distribution Amount (1), less the Administration
                 Fee (3), less the Servicing Fee (2*)
        o        Withdrawal from Spread Account pursuant to Section 5.6(d) (see (25) below)
        o        Withdrawal from Spread Account pursuant to 5.6(e) (see(26) below)
        o        Withdrawal from Principal Supplement Accounts pursuant to Section 5.9
        o        But not greater than the Noteholders' Distributable Amount (14)

(20)    Deposit to Spread Account pursuant to Section 5.5(b)(vi)                                        $________

        o        Excess, if any, of Total Distribution Amount (1), less the Administration
                 Fee (3), less the Servicing Fee (2*), less the Noteholders' Distributable
                 Amount (14)
        o        But not greater than Item (23) below

(21)    Deposit to Certificate Distribution Account                                                     $________

        o        Excess, if any, of Total Distribution Amount (1),
                 less the Administration Fee(3), less the Servicing Fee
                 (2*), less the Noteholders' Distributable Amount (18),
                 less the Deposit to Spread Account (20)
        o        But not greater than the Certificateholders' Distributable Amount (21)

* The Servicing Fee (2) shall not be included if Case Credit or an Affiliate of Case Credit is
  the Servicer.

                                                       SPREAD ACCOUNT
                                                       --------------

(22)     Spread Account Balance as of Determination Date                                                 $________
             (prior to any deposits or withdrawals)

(23)     Specified Spread Account Balance (after all distributions and adjustments)                      $________

(24)     Limit on Deposit to the Spread Account                                                          $________

         o        The excess, if any, of the Specified Spread Account
                  Balance (23) less the Spread Account Balance as of the
                  Determination Date (prior to any deposits or withdrawals)
                  (22)

                                      C-4
<PAGE>
<CAPTION>

<S>     <C>                                                                                            <C>
(25)     Withdrawal from Spread Account distributed to Seller (as permitted in Sections 5.6(b)          $________
         and (c) of the Sale and Servicing Agreement)

         o        The excess, if any, of the Spread Account Balance as
                  of the Determination Date (prior to any deposits or
                  withdrawals) (22) less the Specified Spread Account
                  Balance (23)
         o        But zero, if (a) the sum of the Pool Balance (29) and the
                  Pre-Funded Amount as of the first day of the Collection
                  Period; is less than (b) the sum of the Note Balance and
                  the Certificate Balance

(26)     Withdrawal from Spread Account pursuant to Section 5.6(d)                                       $________
         to be deposited in the Note Distribution Account

         o        Excess, if any, of the sum of the Noteholders'
                  Distributable Amount (14), the Net Swap Payments (4) and
                  the Swap Termination Payments payable by the Issuer(5),
                  less the Total Distribution Amount (1), less the
                  Administration Fee(3), less the Servicing Fee (2*)
         o        But not Greater than the Spread Account Balance (22)

(27)     Withdrawal from Spread Account pursuant to Section 5.6(e)                                       $________
         to be deposited in the Note Distribution Account

         o        Excess, if any, of Class Principal Distributable
                  Amount for any Class of Notes for the applicable final
                  scheduled maturity date for such Class of Notes, less the
                  Total Distribution Amount (1), less the Class Principal
                  Distributable Amount for each Class of Notes having
                  priority over such Class of Notes
         o        But not Greater than the Spread Account Balance (22)

(28)     Final Spread Account Balance (25) + (23) - (28) - (29) - (30)                                   $________

                                                   MISCELLANEOUS
                                                   -------------

(29)     Pool Balance at the beginning of this Collection Period                                         $________

(30)     After giving effect to all distributions on the Payment Date during
         this Collection Period:

         (a)  Outstanding Amount of A-1 Notes                                                            $________
               A-1 Note Pool Factor (__._______)
         (b)  Outstanding Amount of A-2 Notes                                                            $________
                A-2 Note Pool Factor (__.______)
         (c)  Outstanding Amount of A-3 Notes                                                            $________
               A-3 Note Pool Factor (__.______)
         (d)  Outstanding Amount of A-4 Notes                                                            $________
               A-4 Note Pool Factor (__.______)
         (e)  Outstanding Amount of Class B Notes                                                        $________
               Class B Note Pool Factor (___.______)
         (f)  Outstanding Amount of Class C Notes                                                        $________
               Class C Note Pool Factor (___.______)
         (g)  Outstanding Amount of Certificates                                                         $________
               Certificate Pool Factor (___._______)

(31)     Aggregate Purchase Amounts for the preceding Collection Period                                  $________

</TABLE>

                                      C-5
<PAGE>

                                                                 EXHIBIT D
                                           to Sale and Servicing Agreement

                             FORM OF ASSIGNMENT

         For value received, in accordance with and subject to the Sale and
Servicing Agreement dated as of March 1, 2002 (the "Sale and Servicing
Agreement") among the undersigned, Case Credit Corporation ("Case Credit")
and CNH Equipment Trust 2002-A (the "Issuer"), the undersigned does hereby
sell, assign, transfer set over and otherwise convey unto the Issuer,
without recourse, all of its right, title and interest in, to and under:
(a) the Initial Receivables, including all documents constituting chattel
paper included therewith, and all obligations of the Obligors thereunder,
including all moneys paid thereunder on or after the Initial Cutoff Date,
(b) the security interests in the Financed Equipment granted by Obligors
pursuant to the Initial Receivables and any other interest of the
undersigned in such Financed Equipment, (c) any proceeds with respect to
the Initial Receivables from claims on insurance policies covering Financed
Equipment or Obligors, (d) the Liquidity Receivables Purchase Agreements
(only with respect to Case Owned Contracts or NH Owned Contracts included
in the Initial Receivables) and the Purchase Agreements, including the
right of the undersigned to cause Case Credit or NH Credit, as the case may
be, to repurchase Receivables from the undersigned under the circumstances
described therein, (e) any proceeds from recourse to Dealers with respect
to the Initial Receivables other than any interest in the Dealers' reserve
accounts maintained with Case Credit or with NH Credit, (f) any Financed
Equipment that shall have secured an Initial Receivable and that shall have
been acquired by or on behalf of the Trust, (g) all funds on deposit from
time to time in the Trust Accounts, including the Spread Account Initial
Deposit, any Principal Supplement Account Deposit, the Negative Carry
Account Initial Deposit and the Pre-Funded Amount, and in all investments
and proceeds thereof (including all income thereon), (h) any True Lease
Equipment that is subject to any Initial Receivable, and (i) the proceeds
of any and all of the foregoing. The foregoing sale does not constitute and
is not intended to result in any assumption by the Issuer of any obligation
of the undersigned to the Obligors, insurers or any other person in
connection with the Initial Receivables, Receivables Files, any insurance
policies or any agreement or instrument relating to any of them.

         This Assignment is made pursuant to and upon the representations,
warranties and agreements on the part of the undersigned contained in the
Sale and Servicing Agreement and is to be governed in all respects by the
Sale and Servicing Agreement. Capitalized terms used herein and not
otherwise defined shall have the meanings assigned to them in the Sale and
Servicing Agreement.

                                 D-1
<PAGE>

         IN WITNESS WHEREOF, the undersigned has caused this Assignment to
be duly executed as of March 1, 2002.

                                CNH CAPITAL RECEIVABLES INC.,

                                By: ________________________________________
                                   Name: ___________________________________
                                   Title: __________________________________

                                      D-2
<PAGE>

                                                                     EXHIBIT E
                                               to Sale and Servicing Agreement

                   FORM OF SUBSEQUENT TRANSFER ASSIGNMENT

         For value received, in accordance with and subject to the Sale and
Servicing Agreement dated as of March 1, 2002 (the "Sale and Servicing
Agreement") among CNH Equipment Trust 2002-A, a Delaware business trust
(the "Issuer"), CNH Capital Receivables Inc., a Delaware corporation (the
"Seller"), and Case Credit Corporation, a Delaware corporation ("Case
Credit"), the Seller does hereby sell, transfer, assign, set over and
otherwise convey to the Issuer, without recourse, all of its right, title
and interest in, to and under: (a) the Subsequent Receivables, with an
aggregate Contract Value equal to $[ ], listed on Schedule A hereto,
including all documents constituting chattel paper included therewith, and
all obligations of the Obligors thereunder including all moneys paid
thereunder on or after the Subsequent Cutoff Date, (b) the security
interests in the Financed Equipment granted by Obligors pursuant to such
Subsequent Receivables and any other interest of the Seller in such
Financed Equipment, (c) any proceeds with respect to such Subsequent
Receivables from claims on insurance policies covering Financed Equipment
or Obligors, (d) the Liquidity Receivables Purchase Agreements (only with
respect to Subsequent Receivables purchased by the Seller pursuant to those
Agreements) and the Purchase Agreements, including the right of the Seller
to cause Case Credit or NH Credit, as the case may be, to repurchase
Subsequent Receivables from the Seller under the circumstances described
therein, (e) any proceeds from recourse to Dealers with respect to such
Subsequent Receivables other than any interest in the Dealers' reserve
accounts maintained with Case Credit or NH Credit, (f) any Financed
Equipment that shall have secured any such Subsequent Receivables and that
shall have been acquired by or on behalf of the Trust, (g) any True Lease
Equipment that is subject to any Subsequent Receivable, and (h) the
proceeds of any and all of the foregoing. The foregoing sale does not
constitute and is not intended to result in any assumption by the Issuer of
any obligation of the Seller to the Obligors, insurers or any other person
in connection with such Subsequent Receivables, Receivable Files, any
insurance policies or any agreement or instrument relating to any of them.

         This Subsequent Transfer Assignment is made pursuant to and upon
the representations, warranties and agreements on the part of the Seller
contained in the Sale and Servicing Agreement (including the Officers'
Certificate of the Seller accompanying this Agreement) and is to be
governed in all respects by the Sale and Servicing Agreement. Capitalized
terms used but not otherwise defined herein shall have the meanings
assigned to them in the Sale and Servicing Agreement.

                                   E-1
<PAGE>

         IN WITNESS WHEREOF, the undersigned has caused this Subsequent
Transfer Assignment to be duly executed as of ___________________, _____.

                                  CNH CAPITAL RECEIVABLES INC.,

                                  By: ________________________________________
                                     Name: ___________________________________
                                     Title: __________________________________

                                     E-2
<PAGE>

                                                                    SCHEDULE A
                                             to Subsequent Transfer Assignment

                     SCHEDULE OF SUBSEQUENT RECEIVABLES

                                 [Attached]

<PAGE>

                                                                       ANNEX A
                                             to Subsequent Transfer Assignment

                           OFFICERS' CERTIFICATE

         We, the undersigned officers of CNH Capital Receivables Inc. (the
"Company"), do hereby certify, pursuant to Section 2.2(b)(xv) of the Sale
and Servicing Agreement dated as of March 1, 2002 among the Company, CNH
Equipment Trust 2002-A and Case Credit Corporation (the "Agreement"), that
(i) all of the conditions precedent to the transfer to the Issuer of the
Subsequent Receivables listed on Schedule A to the Subsequent Transfer
Assignment delivered herewith, and the other property and rights related to
such Subsequent Receivables as described in Section 2.2(a) of the
Agreement, have been satisfied on or prior to the related Subsequent
Transfer Date and (ii) each statement of fact set forth in any officers'
certificate executed by an officer of the Company in connection with an
Opinion of Counsel delivered on the Closing Date with respect to a transfer
of, or a security interest in, the Receivables shall be true and correct as
of the date hereof with respect to the Subsequent Receivables listed on the
aforementioned Schedule A.

         Capitalized terms used but not defined herein shall have the
meanings assigned to such terms in the Agreement.

         IN WITNESS WHEREOF, the undersigned have caused this certificate
to be duly executed this _____day of _____________, ______.

                                    By: ______________________________________
                                           Name: _____________________________
                                           Title: ____________________________

                                    By: ______________________________________
                                          Name: ______________________________
                                          Title: _____________________________

<PAGE>

                                                                     EXHIBIT F
                                               to Sale and Servicing Agreement

                 FORM OF ACCOUNTANTS' LETTER IN CONNECTION
            WITH THE SUBSEQUENT TRANSFER ASSIGNMENT PURSUANT TO
          SECTION 2.2(b)(xiv) OF THE SALE AND SERVICING AGREEMENT

                      [Letterhead of Arthur Andersen]

         ________________, ______

CNH Capital Receivables Inc.
100 South Saunders Road
Lake Forest, Illinois 60045

CNH Equipment Trust 2002-A
/o The Bank of New York
5 Penn Plaza, 16th Floor
New York, New York  10001

Bank One, National Association
1 Bank One Plaza, Suite IL1-0481
Chicago, Illinois 60670-0126

The Bank of New York
5 Penn Plaza, 16th Floor
New York, New York  10001

         Dear Ladies and Gentlemen:

         This letter is issued at the request of CNH Capital Receivables
Inc. (the "Seller") with respect to the sale of certain retail receivables
(the "Subsequent Receivables") to the CNH Equipment Trust 2002-A (the
"Trust") pursuant to the Sale and Servicing Agreement dated as of March 1,
2002 (the "Sale and Servicing Agreement") among the Trust, the Seller and
Case Credit Corporation (the "Servicer"). The sale of the Subsequent
Receivables is described in the prospectus dated March 18, 2002 and the
prospectus supplement dated March 20, 2002 (together, the "Prospectus"),
which relates to the offering by the Trust of 2.0825% Class A-1 Asset
Backed Notes, 3.1300% Class A-2 Asset Backed Notes, Floating Rate Class A-3
Asset Backed Notes, Floating Rate Class A-4 Asset Backed Notes, Floating
Rate Class B Asset Backed Notes and Floating Rate Class C Asset Backed
Notes (collectively, the "Notes") and the Asset Backed Certificates (the
"Certificates"). Capitalized terms used herein and not otherwise defined
have the meaning described in the Prospectus or the Sale and Servicing
Agreement, as applicable. In connection therewith, we performed or have
previously performed certain agreed upon procedures as specified in the
items below:

<PAGE>

Page 2

________________, _____

1.       As previously communicated in our letter to the Seller, the Trust,
         ____________________, the Indenture Trustee and the Trustee dated
         _________, _______ relating to the sale of certain retail
         receivables (the "Initial Receivables") and the offering of the
         Notes and the Certificates, we performed several procedures based
         on a computer data file (the "Initial File") received from the
         Servicer, including the following:

         a.       We read certain fields on the Initial File to determine
                  whether the data pertaining to the Initial Receivables
                  complied with the selection criteria as noted in our
                  previous letter.

         b.       Proved the arithmetic accuracy of the Aggregate Contract
                  Value and the related percentage of Initial Receivables
                  coded as representing construction equipment and the
                  Total Aggregate Contract Value of the Initial Receivables
                  as shown on Schedule B.

         c.       Proved the arithmetic accuracy of the Weighted Average
                  Original Term of the Initial Receivables as shown
                  in Schedule B.

2.       On ______________, _____, we obtained a computer data file (the
         "Subsequent File") produced by and represented by the Servicer to
         contain the list of the Subsequent Receivables. The Subsequent
         File was received directly by Arthur Andersen LLP from the
         Servicer. By use of data retrieval software, we have performed the
         following with respect to the information contained in the
         Subsequent File:

         a.       We read certain fields on the Subsequent File to
                  determine whether the data relating to the Subsequent
                  Receivables complied with selection criteria 1, 2 and 4
                  as shown on Schedule A. For purposes of selection
                  criteria 3, as shown on Schedule A, we read certain
                  fields from the Initial File and Subsequent File to
                  aggregate the total Contract Value for each account
                  number for the purpose of determining the Contract Value
                  for each Obligor. The total Contract Value for each
                  account number was then compared to the aggregate
                  Contract Value to determine if the selection criteria was
                  achieved.

          b.      Proved the arithmetic accuracy of the Aggregate Contract
                  Value and the related percentage of the Subsequent
                  Receivables coded as representing construction and the
                  Total Aggregate Contract Value of the Subsequent
                  Receivables as shown on Schedule B.

<PAGE>

Page 3

_________________, _____

          c.      Proved the arithmetic accuracy of the Weighted Average
                  Original Term of the Subsequent Receivables as
                  shown in Schedule B.

3.       We proved the arithmetic accuracy of the columnar totals for
         Aggregate Contract Value of construction equipment and the Total
         Aggregate Contract Value as shown on Schedule B.

4.       We proved the arithmetic accuracy of the percent of total column
         as shown in 1 on Schedule B by dividing the amount in the Total
         Aggregate Contract Value of construction equipment column by the
         amount in the Total Aggregate Contract Value column. We also
         proved the arithmetic accuracy of the Weighted Average Original
         Term as shown in 2 on Schedule B by summing the products of Total
         Aggregate Contract Value times Weighted Average Original Term for
         the Initial Receivables and the Subsequent Receivables and
         dividing the resulting sum by the columnar total of the Total
         Aggregate Contract Value.

         The foregoing procedures do not constitute an audit conducted in
accordance with generally accepted auditing standards, and, therefore, we
are unable to and do not express an opinion on any individual balances or
summaries of selected transactions specifically set forth in this letter.
Also, these procedures would not necessarily reveal matters of significance
with respect to the findings described herein. Accordingly, we make no
representations regarding the sufficiency of the foregoing procedures for
your purposes of for questions of legal interpretation. Had we performed
additional procedures, other matters might have come to our attention that
would have been reported to you. Further, we have addressed ourselves
solely to the foregoing data in the Sale and Servicing Agreement and the
Prospectus and make no representations regarding the adequacy of disclosure
regarding whether any material facts have been omitted.

         This letter is solely for the information of the addressees and is
not to be used, circulated, quoted or otherwise referred to for any other
purpose including, but not limited to, the purchase or sale of Notes or
Certificates, nor is it to be referred to in any document. Furthermore, we
undertake no responsibility to update this letter for events and
circumstances occurring after the date of this letter.

         Very truly yours,

         ARTHUR ANDERSEN LLP

<PAGE>

Page 4

___________________, _____                                          SCHEDULE A
                                                        to Accountant's Letter

     Selection Criteria                                                Results
     ------------------                                                -------

1.   No Subsequent Receivables was more than 90 days
     past due as of the applicable Subsequent Cutoff Date.

2.   Each Subsequent Receivable has a Statistical Contract Value
     as of the Subsequent Cutoff Date that (when combined with the
     Statistical Contract Value of any other Receivables with the
     same or an affiliated Obligor) does not exceed 1% of the
     aggregate Contract Value of all Receivables.

3.   Each Subsequent Receivable has a remaining term
     to maturity (i.e., the period from but excluding
     the applicable Subsequent Cutoff Date to and including the
     Receivables' maturity date) of not more than
     72 months.

<PAGE>

Page 5

_______________, _____

                                                                    SCHEDULE B
                                                        to Accountant's Letter

1.   Percentage of principal balance of the Receivables that represents
     construction equipment:

                              Aggregate
                          Contract Value of                      Construction
                             Construction    Total Aggregate       Equipment
                              Equipment       Contract Value   Percent of Total
Initial Receivables       $                  $                 %
Subsequent Receivables    $                  $                 %
Total Receivables         $                  $                 %

2.   Weighted Average Original Term of the Receivables in the Trust.

                                                            Weighted
                             Total Aggregate           Average Original
                             Contract Value                  Term

  Initial Receivables            $_____                  _____ months

  Subsequent Receivables         $_____                  _____ months

  Total Receivables              $_____                  _____ months

         As noted above, the Weighted Average Original Term does not exceed
55.0 months as required by the Sale and Servicing Agreement.

<PAGE>

                                 Schedule P

         1. General. The Sale and Servicing Agreement creates, or with
respect to the Receivables that are Subsequent Receivables upon the
transfer of such Subsequent Receivables pursuant to the Subsequent Transfer
Assignment will create, a valid and continuing security interest (as
defined in the applicable UCC) in all of CNHCR's right, title and interest
in, to and under (i) the Receivables, (ii) the Financed Equipment granted
by Obligors pursuant to the Receivables and (iii) the Liquidity Receivables
Purchase Agreements (only with respect to Case Owned Contracts or NH Owned
Contracts included in the Receivables) in favor of the Issuer, which, (a)
is enforceable upon execution of the Sale and Servicing Agreement against
creditors of and purchasers from CNHCR, as such enforceability may be
limited by applicable Debtor Relief Laws, now or hereafter in effect, and
by general principles of equity (whether considered in a suit at law or in
equity), and (b) upon filing of the financing statements described in
clause 4 below will be prior to all other Liens (other than Liens permitted
pursuant to clause 5 below).

         2. Characterization. The Receivables constitute "tangible chattel
paper" within the meaning of UCC Section 9-102. The rights granted under
the agreements described in clause 1 (ii) and (iii) constitute "general
intangibles" within the meaning of UCC Section 9-102. CNHCR has taken all
steps necessary to perfect its security interest in the property securing
the Receivables.

         3. Creation. Immediately prior to the conveyance of the Receivables
pursuant to the Sale and Servicing Agreement, CNCHR own and has good and
marketable title to, or has a valid security interest in, the Receivables
free and clear of any Lien, claim or encumbrance of any Person.

         4. Perfection. CNHCR has caused or will have caused, within ten
days of the Closing Date, the filing of all appropriate financing
statements in the proper filing office in the appropriate jurisdictions
under applicable law in order to perfect the security interest granted to
the Issuer under the Sale and Servicing Agreement in the Receivables. With
respect to the Receivables that constitute tangible chattel paper, the
Servicer or a Subservicer, as custodian, received possession of such
original tangible chattel paper after the Issuer received a written
acknowledgment from such custodian that it is acting solely as agent of the
Indenture Trustee. All financing statements filed under this clause 4
contain a statement that "A purchase of or security interest in any
collateral described in this financing statement will violate the rights of
the Secured Party".

         5. Priority. Other than the security interests granted to the
Issuer pursuant to the Sale and Servicing Agreement and the security
interests granted under the Liquidity Receivables Purchase Agreements,
which have been released, CNHCR has not pledged, assigned, sold, granted a
security interest in, or otherwise conveyed any of the Receivables. CNHCR
has not authorized the filing of and is not aware of any financing
statements against CNHCR that include a description of collateral covering
the Receivables other than any financing statement (i) relating to the
security interests granted to the Issuer under the Sale and Servicing

<PAGE>

Agreement and the security interests granted under the Liquidity
Receivables Purchase Agreements, which have been released (ii) that has
been terminated, or (iii) that has been granted pursuant to the terms of
the Basic Documents. None of the tangible chattel paper that constitutes or
evidences the Receivables has any marks or notations indicating that they
have pledged, assigned or otherwise conveyed to any Person other than the
Indenture Trustee. CNHCR is not aware of any judgment, ERISA or tax lien
filings against it.

         6. Survival of Perfection Representations. Notwithstanding any
other provision of the Sale and Servicing Agreement or any other Basic
Document, the Perfection Representations contained in this Schedule P shall
be continuing, and remain in full force and effect.

         7. No Waiver. The parties to the Sale and Servicing Agreement: (i)
shall not, without obtaining a confirmation of the then-current rating of
the Notes, waive any of the representations and warranties in this Schedule
P (the "Perfection Representations"); (ii) shall provide the Ratings
Agencies with prompt written notice of any breach of the Perfection
Representations, and shall not, without obtaining a confirmation of the
then-current rating of the Notes (as determined after any adjustment or
withdrawal of the ratings following notice of such breach) waive a breach
of any of the Perfection Representations.

         8. Servicer to Maintain Perfection and Priority. The Servicer
covenants that, in order to evidence the interests of CNHCR and Issuer
under this Agreement, Servicer shall take such action, or execute and
deliver such instruments (other than effecting a Filing (as defined below),
unless such Filing is effected in accordance with this paragraph) as may be
necessary or advisable (including, without limitation, such actions as are
requested by Issuer) to maintain and perfect, as a first priority interest,
Issuer's security interest in the Receivables. Servicer shall, from time to
time and within the time limits established by law, prepare and present to
Issuer for Issuer to authorize (based in reliance on the Opinion of Counsel
hereinafter provided for) the Servicer to file, all financing statements,
amendments, continuations, financing statements in lieu of a continuation
statement, terminations, partial terminations, releases or partial
releases, or any other filings necessary or advisable to continue, maintain
and perfect the Issuer's security interest in the Receivables as a
first-priority interest (each a "Filing"). Servicer shall present each such
Filing to the Issuer together with (x) an Opinion of Counsel to the effect
that such Filing is (i) consistent with grant of the security interest to
the Issuer pursuant to the Granting Clause of this Agreement, (ii)
satisfies all requirements and conditions to such Filing in this Agreement
and (iii) satisfies the requirements for a Filing of such type under the
Uniform Commercial Code in the applicable jurisdiction (or if the Uniform
Commercial Code does not apply, the applicable statute governing the
perfection of security interests), and (y) a form of authorization for
Issuer's signature. Upon receipt of such Opinion of Counsel and form of
authorization, Issuer shall promptly authorize in writing Servicer to, and
Servicer shall, effect such Filing under the Uniform Commercial Code
without the signature of CNHCR or Issuer where allowed by applicable law.
Notwithstanding anything else in the Indenture to the contrary, the
Servicer shall not have any authority to effect a Filing without obtaining
written authorization from the Issuer in accordance with this
paragraph (c).EXECUTION COPY

                         CNH EQUIPMENT TRUST 2002-A

                          CASE PURCHASE AGREEMENT

                                  between

                          CASE CREDIT CORPORATION

                                    and

                        CNH CAPITAL RECEIVABLES INC.

                         Dated as of March 1, 2002

<PAGE>

                                 vii

<PAGE>

                  CASE PURCHASE AGREEMENT (as amended or supplemented from
         time to time, this "Agreement") dated as of March 1, 2002 between
         CASE CREDIT CORPORATION, a Delaware corporation ("Case Credit"),
         and CNH CAPITAL RECEIVABLES INC., a Delaware corporation
         ("CNHCR").

                                  RECITALS

                  WHEREAS, in the regular course of its business, Case
         Credit purchases, directly and indirectly, from equipment dealers
         and brokers, and directly originates, Contracts; and

                  WHEREAS, in the regular course of its business, Case
         Credit purchases from Case Corporation certain Contracts
         originated by Case Corporation in the ordinary course of business;
         and

                  WHEREAS, Case Credit and CNHCR wish to set forth the
         terms pursuant to which: (1) Contracts having an aggregate
         Contract Value of approximately $67,639,501.99 (the "Case
         Purchased Contracts") as of Initial Cutoff Date and Case Credit's
         right, title and interest in any True Lease Equipment related to
         such Contracts are to be sold by Case Credit to CNHCR on the date
         hereof and (2) certain Subsequent Case Receivables and Case
         Credit's right, title and interest in any True Lease Equipment
         related to such Subsequent Case Receivables are to be sold by Case
         Credit to CNHCR from time to time on each Subsequent Transfer
         Date; and

                  WHEREAS, CNHCR, as of the Initial Cutoff Date, owned
         Contracts previously purchased from Case Credit pursuant to an
         Amended and Restated Receivables Purchase Agreement dated as of
         December 15, 2000 (as amended from time to time, the "Case
         Liquidity Receivables Purchase Agreement") between Case Credit and
         CNHCR, having an aggregate Contract Value of approximately
         $330,290,526.53 (the "Case Owned Contracts", and together with the
         Case Purchased Contracts, the "Initial Case Receivables"); and

                  WHEREAS, the Initial Case Receivables and the Subsequent
         Case Receivables (collectively, the "Case Receivables"), the NH
         Receivables and any True Lease Equipment related to such Case
         Receivables or NH Receivables will be transferred by CNHCR,
         pursuant to the Sale and Servicing Agreement, to CNH Equipment
         Trust 2002-A (the "Trust"), which Trust will issue Asset Backed
         Certificates representing non-assessable, fully paid, undivided
         interests in, and 2.0825% Class A-1 Asset Backed Notes, 3.1300%
         Class A-2 Asset Backed Notes, Floating Rate Class A-3 Asset Backed
         Notes, Floating Rate Class A-4 Asset Backed Notes, Floating Rate
         Class B Asset Backed Notes and Floating Rate Class C Asset Backed
         Notes collateralized by, the Receivables and the other property of
         the Trust; and

<PAGE>

                  WHEREAS, Case Credit and CNHCR wish to set forth herein
         certain representations, warranties, covenants and indemnities of
         Case Credit with respect to the Case Receivables for the benefit
         of CNHCR, the Trust, the Noteholders and the Certificateholders.

                  NOW, THEREFORE, in consideration of the foregoing, other
         good and valuable consideration and the mutual terms and covenants
         contained herein the parties hereto agree as follows:

                                 ARTICLE I
                            Certain Definitions

          SECTION 1.1. Definitions. Capitalized terms used herein and not
          otherwise defined herein are defined in Appendix A to the
          Indenture dated as of the date hereof between CNH Equipment Trust
          2002-A and Bank One, National Association.

          SECTION 1.2. Other Definitional Provisions. (a) All terms defined
          in this Agreement shall have the defined meanings when used in
          any certificate or other document made or delivered pursuant
          hereto unless otherwise defined therein.

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

          (c)    The words "hereof", "herein", "hereunder" and words of
          similar import when used in this Agreement shall refer to this
          Agreement as a whole and not to any particular provision of this
          Agreement; Section, Schedule and Exhibit references contained in
          this Agreement are references to Sections, Schedules and Exhibits
          in or to this Agreement unless otherwise specified; and the term
          "including" shall mean "including, without limitation,".

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

                                     2
<PAGE>

                                ARTICLE II
                       Conveyance of Case Receivables

          SECTION 2.1. Conveyance of Case Purchased Contracts. In
          consideration of CNHCR's payment of $397,930,028.52 (the "Initial
          Case Purchase Price") in the manner set out in Section 2.5(a),
          Case Credit does hereby sell, transfer, assign, set over and
          otherwise convey to CNHCR, without recourse (subject to the
          obligations herein), all of its right, title, interest and, with
          respect to any Contracts that are Leases, obligations in, to and
          under (collectively, the "Initial Case Assets"):

          (i)    the Case Purchased Contracts, including all documents
          constituting chattel paper included therewith, and all
          obligations of the Obligors thereunder, including all moneys paid
          thereunder on or after the Initial Cutoff Date;

          (ii) the security interests in the Financed Equipment granted by
          Obligors pursuant to the Case Purchased Contracts and any other
          interest of Case Credit in such Financed Equipment;

          (iii) any proceeds with respect to the Case Purchased Contracts
          from claims on insurance policies covering Financed Equipment or
          Obligors;

          (iv) any proceeds from recourse to Dealers with respect to the
          Case Purchased Contracts other than any interest in the Dealers'
          reserve accounts maintained with Case Credit;

          (v) any Financed Equipment that shall have secured the Case
          Purchased Contracts and that shall have been acquired by or on
          behalf of CNHCR;

          (vi) any True Lease Equipment that is subject to any Case
          Purchased Contract; and

          (vii) the proceeds of any and all of the foregoing.

          SECTION 2.2. Conveyance of Subsequent Case Receivables. Subject
          to the conditions set forth in Section 4.1(b), in consideration
          of CNHCR's delivery on the related Subsequent Transfer Date to or
          upon the order of Case Credit of the related Subsequent Case
          Purchase Price pursuant to Section 2.5, Case Credit does hereby
          sell, transfer, assign, set over and otherwise convey to CNHCR,
          without recourse (subject to the obligations herein), all of its
          right, title, interest and, with respect to any Contracts that
          are Leases, obligations in, to and under (collectively, the
          "Subsequent Case Assets"; and together with the Initial Case
          Assets, the "Case Assets"):

                                     3
<PAGE>

          (i) the Subsequent Case Receivables listed on Schedule A to the
          related Case Subsequent Transfer Assignment, including all
          documents constituting chattel paper included therewith, and all
          obligations of the Obligors thereunder, including all moneys paid
          thereunder on or after the related Subsequent Cutoff Date;

          (ii) the security interests in the Financed Equipment granted by
          Obligors pursuant to such Subsequent Case Receivables and any
          other interest of Case Credit in such Financed Equipment;

          (iii) any proceeds with respect to such Subsequent Case
          Receivables from claims on insurance policies covering Financed
          Equipment or Obligors;

          (iv) any proceeds with respect to such Subsequent Case
          Receivables from recourse to Dealers other than any interest in
          the Dealers' reserve accounts maintained with Case Credit;

          (v) any Financed Equipment that shall have secured any such
          Subsequent Case Receivable and that shall have been acquired by
          or on behalf of CNHCR;

          (vi) any True Lease Equipment that is subject to any Subsequent
          Case Receivable; and

          (vii) the proceeds of any and all of the foregoing.

          SECTION 2.3. Intention of the Parties. The parties to this
          Agreement intend that the transactions contemplated hereby shall
          be, and shall be treated as, a purchase by CNHCR and a sale by
          Case Credit of the Case Purchased Contracts and the Subsequent
          Case Receivables and any True Lease Equipment related to such
          Case Purchased Contracts or Subsequent Case Receivables, as the
          case may be, and not as a lending transaction. The foregoing
          sale, assignment, transfer and conveyance does not constitute,
          and is not intended to result in a creation or assumption by
          CNHCR of, any obligation or liability with respect to any Case
          Purchased Contract or any Subsequent Case Receivable, nor shall
          CNHCR be obligated to perform or otherwise be responsible for any
          obligation of Case Credit or any other Person in connection with
          the Case Purchased Contracts or the Subsequent Case Receivables
          or under any agreement or instrument relating thereto, including
          any contract or any other obligation to any Obligor, except that
          CNHCR accepts any Contracts that are Leases subject to (and
          assumes) the covenants benefiting the Obligors under such Leases.

         If (but only to the extent) that the transfer of the Case Assets
         hereunder is characterized by a court or other governmental
         authority as a loan rather than a sale, Case Credit shall be
         deemed hereunder to have granted to CNHCR a security interest in
         all of Case Credit's right, title and interest in and to the Case
         Assets. Such security interest shall secure all of Case Credit's
         obligations (monetary or otherwise) under this Agreement and the
         other Basic Documents to which it is a party, whether now or

                                     4
<PAGE>

         hereafter existing or arising, due or to become due, direct or
         indirect, absolute or contingent. CNHCR shall have, with respect
         to the property described in Section 2.1 and Section 2.2, and in
         addition to all the other rights and remedies available to CNHCR
         under this Agreement and applicable law, all the rights and
         remedies of a secured party under any applicable UCC, and this
         Agreement shall constitute a security agreement under applicable
         law.

          SECTION 2.4. The Closing. The sale and purchase of the Case
          Purchased Contracts shall take place at a closing at the offices
          of Mayer, Brown, Rowe & Maw, 190 South LaSalle Street, Chicago,
          Illinois 60603 on the Closing Date, simultaneously with the
          closings under: (a) the NH Purchase Agreement, (b) the Sale and
          Servicing Agreement, (c) the Trust Agreement, (d) the
          Administration Agreement and (e) the Indenture.

          SECTION 2.5. Payment of the Purchase Price.

          (a) Case Purchased Contracts. The Initial Case Purchase Price is
          payable as follows: (i) partially in cash on the Closing Date,
          and (ii) the remainder shall be deemed to have been paid by CNHCR
          to Case Credit and returned by Case Credit to CNHCR as a
          contribution to capital.

          (b) Subsequent Case Receivables. As consideration for the
          conveyance of Subsequent Case Receivables pursuant to Section
          2.2, CNHCR shall pay or cause to be paid to Case Credit on each
          Subsequent Transfer Date an amount (a "Subsequent Case Purchase
          Price") equal to the aggregate Contract Value of the Subsequent
          Case Receivables as of the related Subsequent Cutoff Date, plus
          any premium or minus any discount agreed upon by Case Credit and
          CNHCR. Any Subsequent Case Purchase Price shall be payable as
          follows: (i) cash in the amount released to CNHCR in respect of
          the Subsequent Case Receivables from the Pre-Funding Account
          pursuant to Section 5.7(a) of the Sale and Servicing Agreement
          shall be paid to Case Credit on the related Subsequent Transfer
          Date; and (ii) the balance shall be paid in cash as and when
          amounts are released to, or otherwise realized by, CNHCR from the
          Spread Account, the Negative Carry Account, and the Principal
          Supplement Account in accordance with the Sale and Servicing
          Agreement, or otherwise are available for such purpose.

                                ARTICLE III
                       Representations and Warranties

          SECTION 3.1. Representations and Warranties of CNHCR. CNHCR
          hereby represents and warrants to Case Credit as of the date
          hereof and as of the Closing Date:

                                     5
<PAGE>

          (a) Organization and Good Standing. CNHCR has been duly organized
          and is validly existing as a corporation in good standing under
          the laws of the State of Delaware, with the power and authority
          to own its properties and to conduct its business as such
          properties are currently owned and such business is presently
          conducted, and had at all relevant times, and has, the power and
          authority to acquire, own and sell the Case Receivables.

          (b) Due Qualification. CNHCR is duly qualified to do business as
          a foreign corporation in good standing, and has obtained all
          necessary licenses and approvals, in all jurisdictions in which
          the ownership or lease of property or the conduct of its business
          shall require such qualifications.

          (c) Power and Authority. CNHCR has the power and authority to
          execute and deliver this Agreement and to carry out its terms;
          and the execution, delivery and performance of this Agreement
          have been duly authorized by CNHCR by all necessary corporate
          action.

          (d) Binding Obligation. This Agreement constitutes a legal, valid
          and binding obligation of CNHCR enforceable against CNHCR in
          accordance with its terms.

          (e) 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 incorporation
          or by-laws of CNHCR, or any indenture, agreement or other
          instrument to which CNHCR is a party or by which it is bound; or
          result in the creation or imposition of any Lien upon any of its
          properties pursuant to the terms of any such indenture, agreement
          or other instrument (other than the Sale and Servicing Agreement
          and the Indenture); or violate any law or, to the best of CNHCR's
          knowledge, any order, rule or regulation applicable to CNHCR of
          any court or of any Federal or State regulatory body,
          administrative agency or other governmental instrumentality
          having jurisdiction over CNHCR or its properties.

          (f) No Proceedings. There are no proceedings or investigations
          pending or, to CNHCR's best knowledge, threatened, before any
          court, regulatory body, administrative agency or other
          governmental instrumentality having jurisdiction over CNHCR or
          its properties: (i) asserting the invalidity of this Agreement,
          (ii) seeking to prevent the consummation of any of the
          transactions contemplated by this Agreement or (iii) seeking any
          determination or ruling that could reasonably be expected to
          materially and adversely affect the performance by CNHCR of its
          obligations under, or the validity or enforceability of, this
          Agreement.

          SECTION 3.2. Representations and Warranties of Case Credit. (a)
          Case Credit hereby represents and warrants to CNHCR as of the
          date hereof and as of the Closing Date:

                                     6
<PAGE>

          (i) Organization and Good Standing. Case Credit has been duly
          organized and is validly existing as a corporation in good
          standing under the laws of the State of Delaware, with the power
          and authority to own its properties and to conduct its business
          as such properties are currently owned and such business is
          presently conducted, and had at all relevant times, and has, the
          power and authority to acquire, own and sell the Case
          Receivables.

          (ii) Due Qualification. Case Credit is duly qualified to do
          business as a foreign corporation in good standing, and has
          obtained all necessary licenses and approvals, in all
          jurisdictions in which the ownership or lease of property or the
          conduct of its business shall require such qualifications.

          (iii) Power and Authority. Case Credit has the power and
          authority to execute and deliver this Agreement and to carry out
          its terms; Case Credit has full power and authority to sell and
          assign the property to be sold and assigned to CNHCR hereby and
          has duly authorized such sale and assignment to CNHCR by all
          necessary corporate action; and the execution, delivery and
          performance of this Agreement have been, and the execution,
          delivery and performance of each Case Subsequent Transfer
          Assignment have been or will be on or before the related
          Subsequent Transfer Date, duly authorized by Case Credit by all
          necessary corporate action.

          (iv) Binding Obligation. This Agreement constitutes, and each
          Case Subsequent Transfer Assignment when executed and delivered
          by Case Credit will constitute, a legal, valid and binding
          obligation of Case Credit enforceable against Case Credit in
          accordance with their terms.

          (v) 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 incorporation
          or by-laws of Case Credit, or any indenture, agreement or other
          instrument to which Case Credit is a party or by which it is
          bound; or result in the creation or imposition of any Lien upon
          any of its properties pursuant to the terms of any such
          indenture, agreement or other instrument (other than this
          Agreement); or violate any law or, to the best of Case Credit's
          knowledge, any order, rule or regulation applicable to Case
          Credit of any court or of any Federal or State regulatory body,
          administrative agency or other governmental instrumentality
          having jurisdiction over Case Credit or its properties.

          (vi) No Proceedings. There are no proceedings or investigations
          pending, or to Case Credit's best knowledge, threatened, before
          any court, regulatory body, administrative agency or other
          governmental instrumentality having jurisdiction over Case Credit
          or its properties: (A) asserting the invalidity of this
          Agreement, (B) seeking to prevent the consummation of any of the
          transactions contemplated by this Agreement, or (C) seeking any
          determination or ruling that could reasonably be expected to
          materially and adversely affect the performance by Case Credit of
          its obligations under, or the validity or enforceability of, this
          Agreement.

                                     7
<PAGE>

          (b) Case Credit makes the following representations and
          warranties as to the Receivables on which CNHCR relies in
          accepting the Initial Receivables and the Subsequent Receivables
          and in transferring the Receivables to the Trust. Such
          representations and warranties speak as of the execution and
          delivery of this Agreement and as of the Closing Date, in the
          case of the Initial Receivables, and as of the applicable
          Subsequent Transfer Date, in the case of the Subsequent
          Receivables, but shall survive the sale, transfer and assignment
          of the Receivables to CNHCR and the subsequent assignment and
          transfer of such Receivables to the Trust pursuant to the Sale
          and Servicing Agreement and pursuant to the Indenture:

          (i) Characteristics of Case Receivables. Each Case Receivable:
          (A) (1) (i) was originated in the United States of America by a
          Dealer in connection with the retail sale or lease of Financed
          Equipment in the ordinary course of such Dealer's business, and
          (ii) was purchased by Case Credit from a Dealer and validly
          assigned by such Dealer to Case Credit in accordance with its
          terms, or (2) was originated in the United States of America by
          Case Credit in connection with the financing or lease of Financed
          Equipment in the ordinary course of Case Credit's business and,
          in either case, was fully and properly executed by the parties
          thereto, (B) has created a valid, subsisting and enforceable
          first priority security interest in the Financed Equipment in
          favor of Case Credit that, as of the Closing Date, has been
          assigned by Case Credit to CNHCR, by CNHCR to the Issuer and by
          the Issuer to the Indenture Trustee, except that (x) no security
          interest against the Obligor is created in True Lease Equipment,
          and (y) Case Credit makes no representation or warranty as to any
          such security interest granted by any Dealer to secure the
          Dealer's obligations to make payments in respect of Termination
          Values, (C) contains customary and enforceable provisions such
          that the rights and remedies of the holder thereof are adequate
          for realization against the collateral of the benefits of the
          security, and (D) (i) in the case of Retail Installment
          Contracts, provides for fixed payments on a periodic basis that
          fully amortize the Amount Financed by maturity and yield interest
          at the Annual Percentage Rate, and (ii) in the case of any
          Contracts sold, or to be sold, hereunder that are Leases,
          provides for fixed payments on a periodic basis that fully
          amortize the Amount Financed by maturity and yield interest at
          the Annual Percentage Rate, except that any Contracts sold, or to
          be sold, hereunder that are Leases also provide for payments of
          the related Termination Values.

          (ii) Schedule of Case Receivables. The information set forth on
          Schedule A to the Case Assignment delivered on the Closing Date
          is true and correct in all material respects as of the opening of
          business on the Initial Cutoff Date and the information set forth
          on Schedule A to the related Case Subsequent Transfer Assignment
          will be true and correct on each Subsequent Transfer Date related
          to such Case Subsequent Transfer Assignment and no selection
          procedures believed by Case Credit to be adverse to the interests
          of the Trust, the Noteholders or the Certificateholders were or
          will be utilized in selecting the Case Receivables. The computer
          tape regarding the Case Receivables made available to CNHCR and
          its assigns is true and correct in all respects.

                                     8
<PAGE>

          (iii) Compliance with Law. Each Case Receivable and the sale or
          lease of the related Financed Equipment complied in all material
          respects at the time it was originated or made and at the
          execution of this Agreement and each Case Subsequent Transfer
          Assignment complies in all material respects with all
          requirements of applicable Federal, State and local laws and
          regulations thereunder, including usury law, the Federal
          Truth-in-Lending Act, the Equal Credit Opportunity Act, the Fair
          Credit Reporting Act, the Fair Debt Collection Practices Act, the
          Federal Trade Commission Act, the Magnuson-Moss Warranty Act, the
          Federal Reserve Board's Regulations B and Z, the Wisconsin
          Consumer Act and State adaptations of the National Consumer Act
          and of the Uniform Consumer Credit Code, and other consumer
          credit laws and equal credit opportunity and disclosure laws.

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

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

          (vi) Security Interest in Financed Equipment. Immediately prior
          to the sale, assignment and transfer thereof, each Case
          Receivable shall be secured by a validly perfected first priority
          security interest in the Financed Equipment in favor of Case
          Credit as secured party or all necessary and appropriate actions
          have been commenced that would result in the valid perfection of
          a first priority security interest in the Financed Equipment in
          favor of Case Credit as secured party, except that (A) no
          security interest against the Obligor is created in True Lease
          Equipment and (B) Case Credit makes no representation or warranty
          as to any security interest granted by any Dealer to secure the
          Dealer's obligations to make payments in respect of Termination
          Values.

          (vii) Case Receivables in Force. No Case Receivable has been
          satisfied, subordinated or rescinded, nor has any Financed
          Equipment been released from the Lien granted by the related Case
          Receivable in whole or in part.

          (viii) No Amendment or Waiver. No provision of a Case Receivable
          has been waived, altered or modified in any respect, except
          pursuant to a document, instrument or writing included in the
          Receivable Files and no such amendment, waiver, alteration or
          modification causes such Case Receivable not to conform to the
          other warranties contained in this Section.

                                     9
<PAGE>

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

          (x) No Liens. To the best of Case Credit's knowledge, no Liens or
          claims, including claims for work, labor or materials, relating
          to any of the Financed Equipment have been filed that are Liens
          prior to, or equal or coordinate with, the security interest in
          the Financed Equipment granted by any Case Receivable, except
          those pursuant to the Basic Documents.

          (xi) No Default. No Case Receivable is a non-performing
          Receivable or has a payment that is more than 90 days overdue as
          of the Initial Cutoff Date or Subsequent Cutoff Date, as
          applicable, and, except for a payment default continuing for a
          period of not more than 90 days, no default, breach, violation or
          event permitting acceleration under the terms of any Case
          Receivable has occurred and is continuing; and no continuing
          condition that with notice or the lapse of time would constitute
          such a default, breach, violation or event permitting
          acceleration under the terms of any Case Receivable has arisen;
          and Case Credit has not waived and shall not waive any of the
          foregoing.

          (xii) Title. It is the intention of Case Credit that the
          transfers and assignments contemplated herein and in the Case
          Liquidity Receivables Purchase Agreement constitute a sale of the
          Case Receivables from Case Credit to CNHCR and that the
          beneficial interest in and title to the Case Receivables and any
          True Lease Equipment related to such Case Receivables not be part
          of the debtor's estate in the event of the filing of a bankruptcy
          petition by or against Case Credit under any bankruptcy or
          similar law. No Case Receivable has been sold, transferred,
          assigned or pledged by Case Credit to any Person other than
          CNHCR. Immediately prior to the transfers and assignments
          contemplated herein and in the Case Liquidity Receivables
          Purchase Agreement, Case Credit had good title to each Case
          Receivable and any True Lease Equipment related to such Case
          Receivable, free and clear of all Liens and, immediately upon the
          transfer thereof, CNHCR shall have good title to each Case
          Receivable and any True Lease Equipment, free and clear of all
          Liens; and the transfer and assignment of the Case Receivables to
          CNHCR has been perfected under the UCC.

          (xiii) Lawful Assignment. No Case Receivable has been originated
          in, or is subject to the laws of, any jurisdiction under which
          the sale, transfer and assignment of such Case Receivable or any
          Case Receivable under this Agreement, the Case Liquidity
          Receivables Purchase Agreement, the Sale and Servicing Agreement
          or the Indenture is unlawful, void or voidable.

                                    10
<PAGE>

          (xiv) All Filings Made. All filings (including UCC filings)
          necessary in any jurisdiction to give CNHCR a first priority
          perfected ownership interest in the Case Receivables have been
          made.

          (xv) One Original. There is only one original executed copy of
          each Case Receivable.

          (xvi) Maturity of Receivables. Each Receivable has a remaining
          term to maturity of not more than 72 months, in the case of the
          Initial Receivables, and 72 months, in the case of the Subsequent
          Receivables; the weighted average remaining term of the Initial
          Receivables is approximately 47.5 months as of the Initial Cutoff
          Date; the weighted average original term of the Receivables,
          including as of each Subsequent Transfer Date all Subsequent
          Receivables previously transferred to CNHCR, will not be greater
          than 55 months.

          (xvii) Scheduled Payments. No Receivable has a final scheduled
          payment date later than six months preceding the Final Scheduled
          Maturity Date; each Receivable provides for payments that fully
          amortize the Amount Financed over the original term of the
          Receivable, and is either a Precomputed Receivable or a Simple
          Interest Receivable.

          (xviii) Insurance. The Obligor on each Case Receivable is
          required to maintain physical damage insurance covering the
          Financed Equipment and, in the case of any Lease, public
          liability insurance relating to the use of such Financed
          Equipment, in each case in accordance with Case Credit's normal
          requirements.

          (xix) Concentrations. (A) No Receivable has a Statistical
          Contract Value (when combined with the Statistical Contract Value
          of any other Receivable with the same or an Affiliated Obligor)
          that exceeds 1% of the Initial Aggregate Statistical Contract
          Value.

          (xx) Financing. Approximately 58.25% of the aggregate Statistical
          Contract Value of the Initial Receivables, constituting 59.48% of
          the number of Initial Receivables as of the Initial Cutoff Date,
          were secured by or constitute Receivables of equipment that was
          new at the time the related Initial Receivable was originated;
          the remainder of the Initial Receivables represent financing or
          leases of used equipment; approximately 71.98% of the aggregate
          Statistical Contract Value of the Initial Receivables,
          constituting 74.55% of the number of Initial Receivables as of
          the Initial Cutoff Date, represent financing or leases of
          agricultural equipment; the remainder of the Initial Receivables
          represent financing or leases of construction equipment. The
          aggregate Statistical Contract Value of the Receivables for the
          purposes of the above calculations as of the Initial Cutoff Date
          is $674,351,153.55. Additionally, not more than 50% of the
          aggregate Contract Value of the Receivables, including, as of
          each Subsequent Transfer Date, all Subsequent Receivables
          previously transferred to CNHCR, will represent Contracts for the
          financing or lease of construction equipment. No Subsequent
          Receivable will represent the financing of truck equipment.

                                    11
<PAGE>

          (xxi) No Bankruptcies. No Obligor on any Case Receivable as of
          the Initial Cutoff Date or the Subsequent Cutoff Date, as
          applicable, was noted in the related Receivable File as being the
          subject of a bankruptcy proceeding.

          (xxii) No Repossessions. None of the Financed Equipment securing
          any Case Receivable is in repossession status.

          (xxiii) Chattel Paper. Each Case Receivable constitutes "chattel
          paper" as defined in the UCC of each State the law of which
          governs the perfection of the interest granted in it and/or the
          priority of such perfected interest.

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

          (xxv) Payment Frequency. As of the Initial Cutoff Date and as
          shown on the books of Case Credit: (A) Initial Receivables having
          an aggregate Statistical Contract Value equal to 47.55% of the
          Initial Aggregate Statistical Contract Value had annual scheduled
          payments, (B) Initial Receivables having an aggregate Statistical
          Contract Value equal to 3.15% of the Initial Aggregate
          Statistical Contract Value had semi-annual scheduled payments,
          (C) Initial Receivables having an aggregate Statistical Contract
          Value equal to 0.77% of the Initial Aggregate Statistical
          Contract Value had quarterly scheduled payments, (D) Initial
          Receivables having an aggregate Statistical Contract Value equal
          to 42.49% of the Initial Aggregate Statistical Contract Value had
          monthly scheduled payments, and (E) Initial Receivables having an
          aggregate Statistical Contract Value equal to 6.04% of the
          Initial Aggregate Statistical Contract Value had irregularly
          scheduled payments.

          (xxvi) Interest Accruing. Each Case Receivable, other than those
          Case Receivables consisting of Contracts that contain interest
          waivers for a specified period of time, is, as of the Closing
          Date or Subsequent Transfer Date, as applicable, accruing
          interest; no Case Receivable contains an interest waiver
          extending more than 12 months after the Initial Cutoff Date.

          (xxvii) Leases. Each Lease included in the Initial Case
          Receivables or the Subsequent Case Receivables has a Termination
          Value less than or equal to 10% of the purchase price of the
          equipment subject to such Lease and is a "lease intended as
          security" (rather than a true lease) within the meaning of
          Section 1-201(37) of the UCC.

          (xxviii) Case Credit's Representations. The representations and
          warranties of Case Credit contained in Section 3.2(a) are true
          and correct.

                                    12
<PAGE>

          (xxix) Case Credit's Obligations. Case Credit has no obligations
          under any Contract, other than the covenant of quiet enjoyment
          benefiting the Obligors under any Contracts that are Leases.

          (xxx) No Either/or Leases. No Lease included in the Initial Case
          Receivables or the Subsequent Case Receivables is a Either/or
          Lease, and no Financed Equipment transferred to CNHCR on the
          Closing Date or any Subsequent Transfer Date, as the case may be,
          constitutes True Lease Equipment.

          (xxxi) No Leases.  Notwithstanding anything to the contrary in the
          Basic Documents, none of the Initial Case Receivables or the
          Subsequent Case Receivables shall be Leases.

          (xxxii) Perfection Representations.  Case Credit further makes all
          the representations, warranties and covenants set forth in
          Schedule P.

                                ARTICLE IV
                                 Conditions

          SECTION 4.1. Conditions to Obligation of CNHCR.

          (a) Case Purchased Contracts. The obligation of CNHCR to purchase
          the Case Purchased Contracts is subject to the satisfaction of
          the following conditions:

          (i) Representations and Warranties True. The representations and
          warranties of Case Credit hereunder shall be true and correct on
          the Closing Date and Case Credit shall have performed all
          obligations to be performed by it hereunder on or prior to the
          Closing Date.

          (ii) Computer Files Marked. Case Credit shall, at its own
          expense, on or prior to the Closing Date, indicate in its
          computer files that Case Receivables created in connection with
          the Case Purchased Contracts have been sold to CNHCR pursuant to
          this Agreement and deliver to CNHCR the Schedule of Case
          Receivables certified by the Chairman, the President, a Vice
          President or the Treasurer of Case Credit to be true, correct and
          complete.

          (iii) Documents To Be Delivered by Case Credit on the Closing
          Date.

          (A) The Case Assignment. On the Closing Date (but only if the
          Contract Value of the Case Purchased Contracts is greater than
          zero), Case Credit will execute and deliver the Case Assignment,
          which shall be substantially in the form of Exhibit A.

                                    13
<PAGE>

          (B) Evidence of UCC Filing. On or prior to the Closing Date (but
          only if the Contract Value of the Case Purchased Contracts is
          greater than zero), Case Credit shall execute and file, at its
          own expense, a UCC financing statement in each jurisdiction in
          which such action is required by applicable law to fully perfect
          CNHCR's right, title and interest in the Case Purchased Contracts
          and the other property sold hereunder, executed by Case Credit,
          as seller or debtor, and naming CNHCR, as purchaser or secured
          party, describing the Case Purchased Contracts and the other
          property sold hereunder, meeting the requirements of the laws of
          each such jurisdiction and in such manner as is necessary to
          perfect the sale, transfer, assignment and conveyance of such
          Case Purchased Contracts and such other property to CNHCR. It is
          understood and agreed, however, that no filings will be made to
          perfect any security interest of CNHCR in Case Credit's interests
          in Financed Equipment. Case Credit shall deliver (or cause to be
          delivered) a file-stamped copy, or other evidence satisfactory to
          CNHCR of such filing, to CNHCR on or prior to the Closing Date.

          (C) Other Documents. Case Credit will deliver such other
          documents as CNHCR may reasonably request.

          (iv) Other Transactions. The transactions contemplated by the
          Sale and Servicing Agreement to be consummated on the Closing
          Date shall be consummated on such date.

          (b) Subsequent Case Receivables. The obligation of CNHCR to
          purchase any Subsequent Case Receivables is subject to the
          satisfaction of the following conditions on or prior to the
          related Subsequent Transfer Date:

          (i) Case Credit shall have delivered to CNHCR a duly executed
          written assignment in substantially the form of Exhibit B (the
          "Case Subsequent Transfer Assignment"), which shall include
          supplements to the Schedule of Case Receivables listing the
          Subsequent Case Receivables;

          (ii) Case Credit shall, to the extent required by Section 5.2 of
          the Sale and Servicing Agreement, have delivered to CNHCR for
          deposit in the Collection Account all collections in respect of
          the Subsequent Case Receivables;

          (iii) as of such Subsequent Transfer Date: (A) Case Credit was
          not insolvent and will not become insolvent as a result of the
          transfer of Subsequent Case Receivables on such Subsequent
          Transfer Date, (B) Case Credit did not intend to incur or believe
          that it would incur debts that would be beyond Case Credit's
          ability to pay as such debts matured, (C) such transfer was not
          made with actual intent to hinder, delay or defraud any Person
          and (D) the assets of Case Credit did not constitute unreasonably
          small capital to carry out its business as conducted;

                                    14
<PAGE>

          (iv) the applicable Spread Account Initial Deposit and Principal
          Supplement Account Deposit, if any, for such Subsequent Transfer
          Date shall have been made;

          (v) the Funding Period shall not have terminated;

          (vi) each of the representations and warranties made by Case
          Credit pursuant to Section 3.2(b) with respect to the Subsequent
          Case Receivables or the Subsequent Receivables shall be true and
          correct as of such Subsequent Transfer Date, and Case Credit
          shall have performed all obligations to be performed by it
          hereunder on or prior to such Subsequent Transfer Date;

          (vii) Case Credit shall, at its own expense, on or prior to such
          Subsequent Transfer Date, indicate in its computer files that the
          Subsequent Case Receivables identified in the related Case
          Subsequent Transfer Assignment have been sold to CNHCR pursuant
          to this Agreement and the Case Subsequent Transfer Assignment;

          (viii) Case Credit shall have taken any action required to give
          CNHCR a first priority perfected ownership interest in the
          Subsequent Case Receivables;

          (ix) no selection procedures believed by Case Credit to be
          adverse to the interests of CNHCR, the Trust, the Noteholders or
          the Certificateholders shall have been utilized in selecting the
          Subsequent Case Receivables;

          (x) the addition of the Subsequent Case Receivables will not
          result in a material adverse tax consequence to CNHCR, the Trust,
          the Noteholders or the Certificateholders;

          (xi) Case Credit shall have provided CNHCR a statement listing
          the aggregate Contract Value of such Subsequent Case Receivables
          and any other information reasonably requested by CNHCR with
          respect to such Subsequent Case Receivables;

          (xii) all the conditions to the transfer of the Subsequent Case
          Receivables to the Issuer specified in the Sale and Servicing
          Agreement shall have been satisfied; and

          (xiii) Case Credit shall have delivered to CNHCR an Officers'
          Certificate confirming the satisfaction of each condition
          precedent specified in this clause (b) (substantially in the form
          attached hereto as Annex A to the Case Subsequent Transfer
          Assignment).

          SECTION 4.2. Conditions to Obligation of Case Credit. The
          obligation of Case Credit to sell the Case Purchased Contracts
          and the Subsequent Case Receivables to CNHCR is subject to the
          satisfaction of the following conditions:

                                    15
<PAGE>

          (a) Representations and Warranties True. The representations and
          warranties of CNHCR hereunder shall be true and correct on the
          Closing Date or the applicable Subsequent Transfer Date with the
          same effect as if then made, and CNHCR shall have performed all
          obligations to be performed by it hereunder on or prior to the
          Closing Date or such Subsequent Transfer Date.

          (b) Receivables Purchase Price. On the Closing Date or the
          applicable Subsequent Transfer Date, CNHCR shall have delivered
          to Case Credit the portion of the Initial Case Purchase Price or
          the Subsequent Case Purchase Price, as the case may be, payable
          on the Closing Date or such Subsequent Transfer Date pursuant to
          Section 2.5.

                                 ARTICLE V
                          Covenants of Case Credit

          Case Credit agrees with CNHCR as follows; provided, however, that
          to the extent that any provision of this Article conflicts with
          any provision of the Sale and Servicing Agreement, the Sale and
          Servicing Agreement shall govern:

          SECTION 5.1. Protection of Right, Title and Interest. (a)
          Filings. Case Credit shall cause all financing statements and
          continuation statements and any other necessary documents
          covering the right, title and interest of CNHCR in and to the
          Case Receivables and the other property included in the Trust
          Estate to be promptly 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 law fully to preserve and protect
          the right, title and interest of CNHCR hereunder to the Case
          Receivables and the other property sold hereunder. It is
          understood and agreed, however, that no filings will be made to
          perfect any security interest of CNHCR in Case Credit's interests
          in Financed Equipment. Case Credit shall deliver (or cause to be
          delivered) to CNHCR file-stamped copies of, or filing receipts
          for, any document recorded, registered or filed as provided above
          as soon as available following such recordation, registration or
          filing. CNHCR shall cooperate fully with Case Credit in
          connection with the obligations set forth above and will execute
          any and all documents reasonably required to fulfill the intent
          of this paragraph.

          (b) Name Change. Within 15 days after Case Credit makes any
          change in its name, identity or corporate structure that would,
          could or might make any financing statement or continuation
          statement filed in accordance with paragraph (a) seriously
          misleading within the applicable provisions of the UCC or any
          title statute, Case Credit shall give CNHCR notice of any such
          change, and no later than five days after the effective date
          thereof, shall file such financing statements or amendments as
          may be necessary to continue the perfection of CNHCR's interest
          in the property included in the Trust Estate.

                                    16
<PAGE>

          (c) Location Change. Within 15 days after Case Credit makes any
          change to its "location" as defined in Section 9-307 of the UCC,
          Case Credit shall give CNHCR notice of any such change, and no
          later than five days after the effective date thereof, shall file
          such financing statements or amendments as may be necessary to
          continue the perfection of CNHCR's interest in the property
          included in the Trust Estate.

          SECTION 5.2. Other Liens or Interests. Except for the conveyances
          hereunder and pursuant to the Case Liquidity Receivables Purchase
          Agreement, the Sale and Servicing Agreement, the Indenture and
          the other Basic Documents, Case Credit: (a) will not sell,
          pledge, assign or transfer to any Person, or grant, create,
          incur, assume or suffer to exist any Lien on, any interest in, to
          and under the Case Receivables, and (b) shall defend the right,
          title and interest of CNHCR in, to and under the Case Receivables
          against all claims of third parties claiming through or under
          Case Credit; provided, however, that Case Credit's obligations
          under this Section shall terminate upon the termination of the
          Trust pursuant to the Trust Agreement.

          SECTION 5.3. Chief Executive Office. During the term of the Case
          Receivables, Case Credit will maintain its chief executive office
          and "location," as defined in the UCC, in one of the States.

          SECTION 5.4. Costs and Expenses. Case Credit agrees to pay all
          reasonable costs and disbursements in connection with the
          perfection, as against all third parties, of CNHCR's right, title
          and interest in, to and under the Case Receivables.

          SECTION 5.5. Indemnification. Case Credit shall indemnify, defend
          and hold harmless CNHCR for any liability as a result of the
          failure of a Case Receivable to be originated in compliance with
          all requirements of law and for any breach of any of its
          representations and warranties contained herein. These indemnity
          obligations shall be in addition to any obligation that Case
          Credit may otherwise have. Case Credit shall indemnify, defend
          and hold harmless CNHCR, the Issuer, the Trustee and the
          Indenture Trustee (and their respective officers, directors,
          employees and agents) from and against any taxes that may at any
          time be asserted against such Person with respect to the sale of
          the Case Receivables to CNHCR hereunder or the sale of the Case
          Receivables to the Issuer by CNHCR or the issuance and original
          sale of the Certificates and the Notes, including any sales,
          gross receipts, general corporation, tangible personal property,
          privilege or license taxes (but, in the case of CNHCR and the
          Issuer, not including any taxes asserted with respect to
          ownership of the Case Receivables on Federal or other income
          taxes arising out of the transactions contemplated by this
          Agreement) and costs and expenses in defending against the same.

                                    17
<PAGE>

          SECTION 5.6. Transfer of Subsequent Case Receivables. Case Credit
          covenants to transfer to CNHCR, pursuant to Section 2.2,
          Subsequent Case Receivables with an aggregate Contract Value
          approximately equal to $352,897,821.32 minus the aggregate
          Contract Value of any Receivables sold to CNHCR by NH Credit
          pursuant to Section 5.6 of the NH Purchase Agreement, subject
          only to the availability of such Subsequent Case Receivables.

                                ARTICLE VI
                          Miscellaneous Provisions

          SECTION 6.1. Obligations of Case Credit. The obligations of Case
          Credit under this Agreement shall not be affected by reason of
          any invalidity, illegality or irregularity of any Case
          Receivable.

          SECTION 6.2. Repurchase Events. Case Credit hereby covenants and
          agrees with CNHCR for the benefit of CNHCR, the Indenture
          Trustee, the Noteholders, the Trustee and the Certificateholders
          that the occurrence of a breach of any of Case Credit's
          representations and warranties contained in Section 3.2(b), shall
          constitute events obligating Case Credit to repurchase any Case
          Receivable and, with respect to a breach of any of Case Credit's
          representations and warranties contained in Sections 3.2(b)(xvi),
          (xvii), (xix), (xx), (xxv) and (xxvi), any NH Receivable
          materially and adversely affected by any such breach ("Repurchase
          Events") at the Purchase Amount from CNHCR or from the Trust.
          Except as set forth in Section 5.5, the repurchase obligation of
          Case Credit shall constitute the sole remedy of CNHCR, the
          Indenture Trustee, the Noteholders, the Trust, the Trustee or the
          Certificateholders against Case Credit with respect to any
          Repurchase Event.

          SECTION 6.3. CNHCR Assignment of Repurchased Receivables. With
          respect to all Receivables repurchased by Case Credit pursuant to
          this Agreement, CNHCR shall sell, transfer, assign, set over and
          otherwise convey to Case Credit, without recourse, representation
          or warranty, all of CNHCR's right, title and interest in, to and
          under such Receivables, and all security and documents relating
          thereto.

          SECTION 6.4. Trust. Case Credit acknowledges and agrees that: (a)
          CNHCR will, pursuant to the Sale and Servicing Agreement, sell
          the Case Receivables to the Trust and assign its rights under
          this Agreement to the Trust, (b) the Trust will, pursuant to the
          Indenture, assign such Case Receivables and such rights to the
          Indenture Trustee and (c) the representations, warranties and
          covenants contained in this Agreement and the rights of CNHCR
          under this Agreement, including under Section 6.2, are intended
          to benefit the Trust, the Certificateholders and the Noteholders.
          Case Credit hereby consents to all such sales and assignments and
          agrees that enforcement of a right or remedy hereunder by the
          Indenture Trustee shall have the same force and effect as if the
          right or remedy had been enforced or executed by CNHCR.

                                    18
<PAGE>

         SECTION 6.5. Amendment. This Agreement may be amended from time
         to time, with prior written notice to the Rating Agencies, by a
         written amendment duly executed and delivered by Case Credit and
         CNHCR, without the consent of the Noteholders or the
         Certificateholders, to cure any ambiguity, to correct or
         supplement any provisions in this Agreement or for the purpose of
         adding any provisions to or changing in any manner or eliminating
         any of the provisions of this Agreement or of modifying in any
         manner the rights of the Noteholders or the Certificateholders;
         provided, however, that such amendment will not in the Opinion of
         Counsel, materially and adversely affect the interest of any
         Noteholder or Certificateholder.

         This Agreement may also be amended from time to time by Case
         Credit and CNHCR, with prior written notice to the Rating
         Agencies, with the written consent of (x) Noteholders holding
         Notes evidencing at least a majority of the Note Balance and (y)
         the Holders of Certificates evidencing at least a majority of the
         Certificate Balance, for the purpose of adding any provisions to
         or changing in any manner or eliminating any of the provisions of
         this Agreement or of modifying in any manner the rights of the
         Noteholders or the Certificateholders; 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 Case Receivables or distributions that are required to
         be made for the benefit of the Noteholders or the
         Certificateholders or (ii) reduce the aforesaid percentage of the
         Notes and Certificates that are required to consent to any such
         amendment, without the consent of the holders of all the
         outstanding Notes and Certificates.

         It shall not be necessary for the consent of Certificateholders or
         Noteholders pursuant to this Section to approve the particular
         form of any proposed amendment or consent, but it shall be
         sufficient if such consent shall approve the substance thereof.

         SECTION 6.6. Accountants' Letters. (a) A firm of independent
         certified public accountants will review the characteristics of
         the Receivables described in the Schedule of Receivables and will
         compare those characteristics to the information with respect to
         the Receivables contained in the Prospectus, (b) Case Credit will
         cooperate with CNHCR and such accounting firm in making available
         all information and taking all steps reasonably necessary to
         permit such accounting firm to complete the review set forth in
         clause (a) and to deliver the letters required of them under the
         Underwriting Agreement, (c) such accounting firm will deliver to
         CNHCR a letter, dated the date of the Prospectus, in the form
         previously agreed to by Case Credit, NH Credit and CNHCR, with
         respect to the financial and statistical information contained in
         the Prospectus and with respect to such other information as may
         be agreed in the form of the letter.

                                    19
<PAGE>

          SECTION 6.7. Waivers. No failure or delay on the part of CNHCR in
          exercising any power, right or remedy under this Agreement, the
          Case Assignment or any Case Subsequent Transfer Assignment shall
          operate as a waiver thereof, nor shall 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 6.8. Notices. All demands, notices and communications
          under this Agreement shall be in writing, personally delivered or
          mailed by certified mail, return receipt requested, and shall be
          deemed to have been duly given upon receipt: (a) in the case of
          Case Credit, to Case Credit Corporation, 233 Lake Avenue, Racine,
          Wisconsin 53403, Attention: Treasurer (telephone (262) 636-6011);
          (b) in the case of CNHCR, to CNH Capital Receivables Inc., 100
          South Saunders Road, Lake Forest, Illinois 60045, Attention:
          Treasurer (telephone (847) 735-9200); (c) in the case of the
          Rating Agencies, at their respective addresses set forth in
          Section 10.3 of the Sale and Servicing Agreement; or, as to each
          of the foregoing, at such other address as shall be designated by
          written notice to the other parties.

          SECTION 6.9. Costs and Expenses. Case Credit will pay all
          expenses incident to the performance of its obligations under
          this Agreement and Case Credit agrees to pay all reasonable
          out-of-pocket costs and expenses of CNHCR, excluding fees and
          expenses of counsel, in connection with the perfection as against
          third parties of CNHCR's right, title and interest in, to and
          under the Case Receivables and the enforcement of any obligation
          of Case Credit hereunder.

          SECTION 6.10. Representations of Case Credit and CNHCR. The
          respective agreements, representations, warranties and other
          statements by Case Credit and CNHCR set forth in or made pursuant
          to this Agreement shall remain in full force and effect and will
          survive the closing under Section 2.4.

          SECTION 6.11. Confidential Information. CNHCR agrees that it will
          neither use nor disclose to any Person the names and addresses of
          the Obligors, except in connection with the enforcement of
          CNHCR's rights hereunder, under the Case Receivables, under the
          Sale and Servicing Agreement or the Indenture or any other Basic
          Document or as required by any of the foregoing or by law.

          SECTION 6.12. Headings and Cross-References. The various headings
          in this Agreement are included for convenience only and shall not
          affect the meaning or interpretation of any provision of this
          Agreement. References in this Agreement to Section names or
          numbers are to such Sections of this Agreement unless otherwise
          expressly indicated.

                                    20
<PAGE>

          SECTION 6.13. Governing Law. This Agreement, the Case Assignment,
          and each Case Subsequent Transfer Assignment shall be construed
          in accordance with the laws of the State of New York, without
          reference to its conflict of law provisions, and the obligations,
          rights and remedies of the parties hereunder or thereunder shall
          be determined in accordance with such laws.

          SECTION 6.14. Counterparts. This Agreement may be executed in two
          or more counterparts and by different parties on separate
          counterparts, each of which shall be an original, but all of
          which together shall constitute but one and the same instrument.

          SECTION 6.15. Severability. Any provision of this Agreement that
          is prohibited or unenforceable in any jurisdiction shall, as to
          such jurisdiction, be ineffective to the extent of such
          prohibition or unenforceability without invalidating the
          remaining provisions hereof, and any such prohibition or
          unenforceability in any jurisdiction shall not invalidate or
          render unenforceable such provision in any other jurisdiction.

                          (signature pages follow)

                                    21
<PAGE>

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

                                      CNH CAPITAL RECEIVABLES INC.

                                      By:    /s/ Alberto Fornaro
                                             ------------------------------
                                      Name:  Alberto Fornaro
                                      Title: Vice President & Treasurer

                                           CASE CREDIT CORPORATION

                                      By:    /s/ Alberto Fornaro
                                             ------------------------------
                                      Name:  Alberto Fornaro
                                      Title: Vice President & Treasurer

                                    S-1
<PAGE>

                                                                     EXHIBIT A
                                                    to Case Purchase Agreement

                                  FORM OF
                              CASE ASSIGNMENT

         For value received, in accordance with and subject to the Case
         Purchase Agreement dated as of March 1, 2002 (the "Case Purchase
         Agreement"), between the undersigned and CNH Capital Receivables
         Inc. ("CNHCR"), the undersigned does hereby sell, assign,
         transfer, set over and otherwise convey unto CNHCR, without
         recourse, all of its right, title, interest and, with respect to
         any Contracts that are Leases, obligations in, to and under: (a)
         the Case Purchased Contracts, which are listed on Schedule A
         hereto, including all documents constituting chattel paper
         included therewith, and all obligations of the Obligors
         thereunder, including all moneys paid thereunder on or after the
         Initial Cutoff Date, (b) the security interests in the Financed
         Equipment granted by Obligors pursuant to the Case Purchased
         Contracts and any other interest of the undersigned in such
         Financed Equipment, (c) any proceeds with respect to the Case
         Purchased Contracts from claims on insurance policies covering
         Financed Equipment or Obligors, (d) any proceeds from recourse to
         Dealers with respect to the Case Purchased Contracts other than
         any interest in the Dealers' reserve accounts maintained with Case
         Credit Corporation, (e) any Financed Equipment that shall have
         secured the Case Purchased Contracts and that shall have been
         acquired by or on behalf of CNHCR, (f) any True Lease Equipment
         that is subject to any Case Purchased Contract, and (g) the
         proceeds of any and all of the foregoing. The foregoing sale does
         not constitute and is not intended to result in any assumption by
         CNHCR of any obligation (other than the covenant of quiet
         enjoyment benefiting the Obligors under any Contracts that are
         Leases) of the undersigned to the Obligors, insurers or any other
         person in connection with the Case Purchased Contracts,
         Receivables Files, any insurance policies or any agreement or
         instrument relating to any of them.

         This Case Assignment is made pursuant to and upon the
         representations, warranties and agreements on the part of the
         undersigned contained in the Case Purchase Agreement and is to be
         governed in all respects by the Case Purchase Agreement.

         Capitalized terms used herein and not otherwise defined shall have
         the meanings assigned to them in the Case Purchase Agreement.

                                     A-1
<PAGE>

         IN WITNESS WHEREOF, the undersigned has caused this Case
         Assignment to be duly executed as of March ___, 2002.

         CASE CREDIT CORPORATION

         By:  ___________________________________________________________
         Name:
           Title:

                                      A-2
<PAGE>

                                                                    EXHIBIT B
                                                   to Case Purchase Agreement

                                  FORM OF
                    CASE SUBSEQUENT TRANSFER ASSIGNMENT

         For value received, in accordance with and subject to the Case
         Purchase Agreement dated as of March 1, 2002 (the "Case Purchase
         Agreement"), between Case Credit Corporation, a Delaware
         corporation ("Case Credit"), and CNH Capital Receivables Inc., a
         Delaware corporation ("CNHCR"), Case Credit does hereby sell,
         transfer, assign, set over and otherwise convey to CNHCR, without
         recourse, all of its right, title, interest and, with respect to
         any Contracts that are Leases, obligations in, to and under: (a)
         the Subsequent Case Receivables, with an aggregate Contract Value
         equal to $[ ], listed on Schedule A hereto, including all
         documents constituting chattel paper included therewith, and all
         obligations of the Obligors thereunder, including all moneys paid
         thereunder on or after the Subsequent Cutoff Date, (b) the
         security interests in the Financed Equipment granted by Obligors
         pursuant to such Subsequent Case Receivables and any other
         interest of Case Credit in such Financed Equipment, (c) any
         proceeds with respect to such Subsequent Case Receivables from
         claims on insurance policies covering Financed Equipment or
         Obligors, (d) any proceeds from recourse to Dealers with respect
         to such Subsequent Case Receivables other than any interest in the
         Dealers' reserve accounts maintained with Case Credit, (e) any
         Financed Equipment that shall have secured any such Subsequent
         Case Receivables and that shall have been acquired by or on behalf
         of CNHCR, (f) any True Lease Equipment that is subject to any
         Subsequent Case Receivable, and (g) the proceeds of any and all of
         the foregoing. The foregoing sale does not constitute and is not
         intended to result in any assumption by CNHCR of any obligation
         (other than the covenant of quiet enjoyment benefiting the
         Obligors under any Contracts that are Leases) of Case Credit to
         the Obligors, insurers or any other person in connection with such
         Subsequent Case Receivables, Receivable Files, any insurance
         policies or any agreement or instrument relating to any of them.

         This Case Subsequent Transfer Assignment is made pursuant to and
         upon the representations, warranties and agreements on the part of
         Case Credit contained in the Case Purchase Agreement (including
         the Officers' Certificate of Case Credit accompanying this
         Agreement) and is to be governed in all respects by the Case
         Purchase Agreement.

         Capitalized terms used but not otherwise defined herein shall have
         the meanings assigned to them in the Case Purchase Agreement.

                                    B-1
<PAGE>

         IN WITNESS WHEREOF, the undersigned has caused this Case
         Subsequent Transfer Assignment to be duly executed as of the __
         day of __________, _____.

         CASE CREDIT CORPORATION

         By:  ____________________________________________________
         Name:
           Title:

                                     B-2

<PAGE>

                                                                   SCHEDULE A
                                       to Case Subsequent Transfer Assignment

                  SCHEDULE OF SUBSEQUENT CASE RECEIVABLES

                            [See attached list]

<PAGE>

                                                                       ANNEX A
                                        to Case Subsequent Transfer Assignment

                           OFFICERS' CERTIFICATE

         We, the undersigned officers of Case Credit Corporation (the
         "Company"), do hereby certify, pursuant to Section 4.1(b)(xiii) of
         the Case Purchase Agreement dated as of March 1, 2002, among the
         Company, and CNH Capital Receivables Inc. (the "Case Purchase
         Agreement"), that (i) all of the conditions precedent to the
         transfer to CNHCR of the Subsequent Case Receivables listed on
         Schedule A to the Case Subsequent Transfer Assignment delivered
         herewith, and the other property and rights related to such
         Subsequent Case Receivables as described in Section 2.2 of the
         Case Purchase Agreement, have been satisfied on or prior to the
         related Subsequent Transfer Date and (ii) each statement of fact
         set forth in any officers' certificate executed by an officer of
         the Company in connection with an Opinion of Counsel delivered on
         the Closing Date with respect to a transfer of, or a security
         interest in, the Case Receivables shall be true and correct as of
         the date hereof with respect to the Subsequent Case Receivables
         listed on the aforementioned Schedule A.

         Capitalized terms used but not defined herein shall have the
         meanings assigned to such terms in the Case Purchase Agreement.

         IN WITNESS WHEREOF, the undersigned have caused this certificate
         to be duly executed this ___ day of ___________, _____.

         By: ________________________________________________________________
         Name:_______________________________________________________________
         Title:______________________________________________________________

         By: ________________________________________________________________
         Name:_______________________________________________________________
         Title:______________________________________________________________

<PAGE>

                                                    Schedule P

          1. General. The Case Purchase Agreement creates, or with respect
          to Case Receivables that are Subsequent Receivables upon the
          transfer of such Subsequent Receivables pursuant to the
          Subsequent Transfer Assignment will create, a valid and
          continuing security interest (as defined in the UCC) in the Case
          Receivables in favor of CNHCR, which, (a) is enforceable upon
          execution of the Case Purchase Agreement against creditors of and
          purchasers from Case Credit, as such enforceability may be
          limited by applicable Debtor Relief Laws, now or hereafter in
          effect, and by general principles of equity (whether considered
          in a suit at law or in equity), and (b) upon filing of the
          financing statements described in clause 4 below will be prior to
          all other Liens (other than Liens permitted pursuant to clause 3
          below).

          2. General. The Case Receivables constitute "tangible chattel
          paper" within the meaning of UCC Section 9-102. Case Credit has
          taken all steps necessary to perfect its security interest
          against the Obligor in the Financed Equipment securing the Case
          Receivables.

          3. Creation. Immediately prior to the conveyance of the Case
          Receivables pursuant to the Case Purchase Agreement, Case Credit
          owns and has good and marketable title to, or has a valid
          security interest in, the Case Receivables free and clear of any
          Lien, claim or encumbrance of any Person.

          4. Perfection. Case Credit has caused or will have caused, within
          ten days of the Closing Date, the filing of all appropriate
          financing statements in the proper filing office in the
          appropriate jurisdictions under applicable law in order to
          perfect the security interest granted to CNHCR under the Case
          Purchase Agreement in the Case Receivables. With respect to the
          Case Receivables that constitute tangible chattel paper, Case
          Credit has in its possession the original copies of such tangible
          chattel paper that constitute or evidence the Case Receivables,
          and Case Credit has caused, or will have caused within ten days
          of the effective date of the Case Purchase Agreement, the filing
          of financing statements against Case Credit and such originator
          in favor of CNHCR in connection herewith describing such Case
          Receivables and containing a statement that: "A purchase of or
          security interest in any collateral described in this financing
          statement will violate the rights of CNHCR."

          5. Priority. Other than the security interests granted to CNHCR
          pursuant to the Case Purchase Agreement and the Case Liquidity
          Receivables Purchase Agreement, Case Credit has not pledged,
          assigned, sold, granted a security interest in, or otherwise
          conveyed any of the Case Receivables. Case Credit has not
          authorized the filing of and is not aware of any financing
          statements against Case Credit that include a description of
          collateral covering the Case Receivables other than any financing
          statement (i) relating to the security interests granted to CNHCR
          under the Case Purchase Agreement and the Case Liquidity
          Receivables Purchase Agreement (ii) that has been terminated, or
          (iii) that has been granted pursuant to the terms of the Basic
          Documents. None of the tangible chattel paper that constitutes or
          evidences the Case Receivables has any marks or notations
          indicating that they have pledged, assigned or otherwise conveyed
          to any Person other than Indenture Trustee.

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