Document:

Exhibit 10.2

    EXHIBIT
      10.2

    
      

      

    

     

    

     

    CATERPILLAR
      FINANCIAL ASSET TRUST 2006-A

     

    Class
      A-1
      5.45498% Asset Backed Notes

     

    Class
      A-2
      5.59% Asset Backed Notes

     

    Class
      A-3
      5.57% Asset Backed Notes

     

    Class
      A-4
      5.62% Asset Backed Notes

     

    Class
      B
      5.71% Asset Backed Notes

     

     

    ADMINISTRATION
      AGREEMENT

     

    Dated
      as
      of June 1, 2006

     

     

     

      
        

      

    

     

    

     

    CATERPILLAR
      FINANCIAL SERVICES CORPORATION

     

    Administrator

     

    

     

     

    
      

      

    

     

    

    

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

        
          

        

      

    

    ADMINISTRATION
      AGREEMENT, dated as of June 1, 2006 (as amended, modified or supplemented from
      time to time, this "Agreement"), among CATERPILLAR FINANCIAL ASSET TRUST 2006-A,
      a Delaware statutory trust (the "Issuing Entity"), CATERPILLAR FINANCIAL
      SERVICES CORPORATION, a Delaware corporation ("CFSC"), as administrator (the
      "Administrator"), CATERPILLAR FINANCIAL FUNDING CORPORATION, a Nevada
      corporation, as depositor (the "Depositor"), and U.S. BANK NATIONAL ASSOCIATION,
      a national banking association, not in its individual capacity but solely as
      trustee (the "Indenture Trustee").

     

     

    W
      I T N E S S E T H :

     

    WHEREAS
      the Issuing Entity is issuing the Class A-1 5.45498% Asset Backed Notes (the
      "Class A-1 Notes"), the Class A-2 5.59% Asset Backed Notes (the "Class A-2
      Notes"), the Class A-3 5.57% Asset Backed Notes (the "Class A-3 Notes"),
      the Class A-4 5.62% Asset Backed Notes (the "Class A-4 Notes") and the
      Class B 5.71% Asset Backed Notes (the "Class B Notes"; together with the
      Class A-1 Notes, Class A-2 Notes, the Class A-3 Notes and the
      Class A-4 Notes, the "Notes") pursuant to the Indenture, dated as of June 1,
      2006 (as amended, modified or supplemented from time to time, the "Indenture"),
      between the Issuing Entity and the Indenture Trustee.

     

    WHEREAS
      the Issuing Entity has entered into certain agreements in connection with the
      issuance of the Notes and of certain beneficial ownership interests in the
      Issuing Entity, including (i) a Sale and Servicing Agreement, dated as of
      June 1, 2006 (as amended, modified or supplemented from time to time, the "Sale
      and Servicing Agreement") (capitalized terms used herein and not defined herein
      shall have the meanings assigned such terms in the Sale and Servicing Agreement,
      or if not defined therein, in the Indenture) among the Issuing Entity, CFSC,
      as
      servicer, and the Depositor, (ii) a Depository Agreement dated June 27,
      2006 (the "Depository Agreement"), among the Issuing Entity, the Indenture
      Trustee and The Depository Trust Company, (iii) the Indenture and (iv) the
      Custodial Agreement, dated as of June 1, 2006 (the "Custodial Agreement"),
      among
      CFSC, the Depositor, the Issuing Entity, the Indenture Trustee and U.S. Bank
      National Association, as custodian (the "Custodian"). The Sale and Servicing
      Agreement, the Depository Agreement, the Custodial Agreement and the Indenture
      are hereinafter referred to collectively as the "Related
      Agreements";

     

    WHEREAS
      pursuant to the Related Agreements, the Issuing Entity and the Owner Trustee
      are
      required to perform certain duties in connection with (a) the Notes and the
      collateral therefor granted to the Indenture Trustee pursuant to the Indenture
      (the "Collateral") and (b) the beneficial ownership interests in the Issuing
      Entity (the holders of such interests being referred to herein as the
      "Owners");

     

    WHEREAS
      the Issuing Entity desires to have the Administrator provide certain
      administrative services to the Issuing Entity and the Owner
      Trustee;

     

    WHEREAS
      the Administrator has the capacity to provide the services required hereby
      and
      is willing to perform such services for the Issuing Entity and the Owner Trustee
      on the terms set forth herein;

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

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

     

    1.  Duties
      of Administrator.
      

     

    (a)  Duties
      with Respect to the Related Agreements.
      (i) The
      Administrator agrees to cause the Issuing Entity to perform all the duties
      of
      the Issuing Entity and the Owner Trustee under the Depository Agreement. In
      addition, the Administrator shall consult with the Owner Trustee regarding
      the
      duties of the Issuing Entity and the Owner Trustee under the Related Agreements.
      The Administrator shall monitor the performance of the Issuing Entity and shall
      advise the Owner Trustee when action is necessary to comply with the Issuing
      Entity's or the Owner Trustee's duties under the Related Agreements. The
      Administrator shall prepare for execution by the Issuing Entity or the Owner
      Trustee or shall cause the preparation by other appropriate persons of all
      documents, reports, filings, instruments, certificates and opinions as it shall
      be the duty of the Issuing Entity or the Owner Trustee to prepare, file or
      deliver pursuant to any Related Agreement. The Administrator, subject to
      Section 1(c), shall cause the Issuing Entity to take all appropriate action
      that it is the duty of the Issuing Entity or the Owner Trustee to take pursuant
      to the Indenture including, without limitation, the following duties or actions
      under the Indenture (references are to sections of the Indenture):

     

    (A)  the
      preparation of or obtaining of the documents and instruments required for
      authentication of the Notes, if any, and delivery of the same to the Indenture
      Trustee (Section 2.02);

     

    (B)  causing
      the Note Register to be kept and giving the Indenture Trustee notice of any
      appointment of a new Note Registrar and the location, or change in location,
      of
      the Note Register (Section 2.04);

     

    (C)  the
      notification of Noteholders of the final principal payment on their Notes
      (Section 2.07(b));

     

    (D)  the
      fixing or causing to be fixed of any specified record date and the notification
      of the Indenture Trustee and Noteholders with respect to special payment dates,
      if any (Section 2.07(c));

     

    (E)  the
      preparation, obtaining or filing of the instruments, opinions and certificates
      and other documents required for the release of collateral (Section
      2.09);

     

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

     

    (G)  the
      direction to Paying Agents, if any, to pay to the Indenture Trustee all sums
      held in trust by such Paying Agents (Section 3.03);

     

    (H)  the
      obtaining and preservation of the Issuing Entity's qualification to do business
      in each jurisdiction in which such qualification is or shall be necessary to
      protect the validity and enforceability of the Indenture, the Notes, the
      Collateral and each other instrument and agreement included in the Trust Estate
      (Section 3.04);

     

    
      
         

      

      
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    (I)  the
      preparation of all supplements, amendments, financing statements, continuation
      statements, if any, instruments of further assurance and other instruments,
      in
      accordance with Section
      3.05
      of the
      Indenture, necessary to protect the Trust Estate (Section 3.05);

     

    (J)  the
      obtaining of the Opinion of Counsel on the Closing Date and the obtaining of
      annual Opinions of Counsel, in accordance with Section
      3.06
      of the
      Indenture, as to the Trust Estate, and the obtaining of the annual Officer's
      Certificate and certain other statements, in accordance with Section
      3.09
      of the
      Indenture, as to compliance with the Indenture (Sections 3.06 and
      3.09);

     

    (K)  the
      identification to the Indenture Trustee in an Officer's Certificate of a Person
      with whom the Issuing Entity has contracted to perform its duties under the
      Indenture (Section 3.07(b));

     

    (L)  the
      notification of the Indenture Trustee and the Rating Agencies of a Servicer
      Default pursuant to the Sale and Servicing Agreement and, if such Servicer
      Default arises from the failure of the Servicer to perform any of its duties
      under the Sale and Servicing Agreement, the taking of all reasonable steps
      available to remedy such failure (Section 3.07(d));

     

    (M)  the
      preparation and obtaining of documents and instruments required for the release
      of the Issuing Entity from its obligation under the Indenture
      (Section 3.11(b));

     

    (N)  the
      delivery of notice to the Indenture Trustee and the Rating Agencies of each
      Event of Default and each default by the Servicer or Depositor under the Sale
      and Servicing Agreement (Section 3.19);

     

    (O)  the
      preparation of an Officer's Certificate and the obtaining of the Opinion of
      Counsel and the Independent Certificate relating to satisfaction and discharge
      of the Indenture (Section 4.01);

     

    (P)  the
      compliance with any written directive of the Indenture Trustee with respect
      to
      the sale of the Trust Estate in a commercially reasonable manner if an Event
      of
      Default shall have occurred and be continuing (Section 5.04);

     

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

     

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

     

    
      
         

      

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

     

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

     

    (U)  the
      opening of one or more accounts, the preparation of Issuer Orders, Officer's
      Certificates and Opinions of Counsel and all other actions necessary with
      respect to investment and reinvestment of funds in the Trust Accounts (Sections
      8.02 and 8.03);

     

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

     

    (W)  the
      preparation of Issuer Orders and the obtaining of Opinions of Counsel with
      respect to the execution of supplemental indentures and the mailing to the
      Noteholders of notices with respect to such supplemental indentures (Sections
      9.01, 9.02 and 9.03);

     

    (X)  the
      preparation of new Notes conforming to any supplemental indenture (Section
      9.06);

     

    (Y)  the
      notification of Noteholders of redemption of the Notes
      (Section 10.02);

     

    (Z)  the
      preparation of all Officer's Certificates, Opinions of Counsel and Independent
      Certificates with respect to any requests by the Issuing Entity to the Indenture
      Trustee to take any action under the Indenture (Section 11.01(a));

     

    (AA)  the
      preparation and delivery of Officer's Certificates and the obtaining of
      Independent Certificates, if necessary, for the release of property from the
      lien of the Indenture (Section 11.01(b));

     

    (BB)  the
      notification of the Rating Agencies, upon the failure of the Indenture Trustee
      to give such notification, of the information required pursuant to Section
      11.04
      of the
      Indenture (Section 11.04);

     

    (CC)  the
      preparation and delivery to Noteholders and the Indenture Trustee of any
      agreements with respect to alternate payment and notice provisions (Section
      11.06); 

     

    (DD)  the
      recording of the Indenture, if applicable (Section 11.15); and

     

    
      
         

      

      
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    (EE)  causing
      the Servicer to comply with Sections
      4.09,
      4.10,
      4.11,
      4.12, 4.13
      and 5.06
      of the
      Sale and Servicing Agreement.

     

    (ii)  The
      Administrator will:

     

    (A)  pay
      the
      Indenture Trustee from time to time reasonable compensation for all services
      rendered by the Indenture Trustee under the Indenture (which compensation shall
      not be limited by any provision of law in regard to the compensation of a
      trustee of an express trust);

     

    (B)  except
      as
      otherwise expressly provided in the Indenture, reimburse the Indenture Trustee
      upon its request for all reasonable expenses, disbursements and advances
      incurred or made by the Indenture Trustee in accordance with any provision
      of
      the Indenture (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
      its
      negligence or bad faith;

     

    (C)  indemnify
      the Indenture Trustee and its agents for, and hold them harmless against, any
      losses, liability or expense incurred without negligence or bad faith on their
      part, arising out of or in connection with the acceptance or administration
      of
      the transactions contemplated by the Indenture, including the reasonable costs
      and expenses of defending themselves against any claim or liability in
      connection with the exercise or performance of any of their powers or duties
      under the Indenture; and

     

    (D)  indemnify
      the Owner Trustee and its agents for, and to hold them harmless against, any
      losses, liability or expense incurred without negligence or bad faith on their
      part, arising out of or in connection with the acceptance or administration
      of
      the transactions contemplated by the Trust Agreement, including the reasonable
      costs and expenses of defending themselves against any claim or liability in
      connection with the exercise or performance of any of their powers or duties
      under the Trust Agreement.

     

    (b)  Additional
      Duties.
      (i)  In
      addition to the duties of the Administrator set forth above, but subject to
      Sections 1(c) and 5, the Administrator shall cause the Issuing Entity to
      perform such calculations and to prepare for execution by the Issuing Entity
      or
      the Owner Trustee, or to cause the preparation by other appropriate persons
      of,
      all documents, reports, filings, instruments, certificates and opinions as
      it
      shall be the duty of the Issuing Entity or the Owner Trustee to prepare, file
      or
      deliver pursuant to the Related Agreements, and at the request of the Owner
      Trustee shall cause the Issuing Entity to take all appropriate action that
      it is
      the duty of the Issuing Entity or the Owner Trustee to take pursuant to the
      Related Agreements. Subject to Sections 1(c)
      and 5
      of this
      Agreement, and in accordance with the directions of the Owner Trustee, the
      Administrator shall provide such other services with respect to the Issuing
      Entity as are not covered by any of the foregoing provisions and as are
      expressly requested by the Owner Trustee and are reasonably within the
      capability of the Administrator.

     

    (ii)  Notwithstanding
      anything in this Agreement or the Related Agreements to the contrary, the
      Administrator shall promptly notify the Owner Trustee in the event that any
      withholding tax is imposed on the Issuing Entity's payments (or allocations
      of
      income) to the "Owner" as contemplated in Section
      5.02(c)
      of the
      Trust Agreement. Any such notice shall specify the amount of any withholding
      tax
      required to be withheld by the Owner Trustee pursuant to such
      provision.

     

    
      
         

      

      
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    (iii)  The
      Administrator may satisfy its obligations with respect to clause (ii) above
      and
      Section 5.05 of the Trust Agreement by retaining, at the expense of the
      Administrator, a firm of independent public accountants (the "Accountants")
      acceptable to the Owner Trustee which shall perform the obligations of the
      Administrator thereunder. If the Administrator so elects, in connection with
      paragraph (ii) above, the Accountants will provide prior to July 25, 2006 a
      letter in form and substance satisfactory to the Owner Trustee as to whether
      any
      tax withholding is then required and, if required, the procedures to be followed
      with respect thereto to comply with the requirements of the Code.

     

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

     

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

     

    (vi)  The
      Administrator shall cause the Issuing Entity to execute all documents, reports,
      filings, instruments, and certificates as it shall be the duty of the Issuing
      Entity or the Owner Trustee to prepare, file or deliver pursuant to the Basic
      Documents. In furtherance thereof, the Owner Trustee shall, on behalf of itself
      and of the Issuing Entity, execute and deliver to the Administrator, and to
      each
      successor Administrator appointed pursuant to the terms hereof, one or more
      powers of attorney substantially in the form of Exhibit A hereto, appointing
      the
      Administrator the attorney-in-fact of the Owner Trustee and the Issuing Entity
      for the purpose of executing on behalf of the Owner Trustee and the Issuing
      Entity all such documents, reports, filings, instruments, and
      certificates.

     

    (c)  Non-Ministerial
      Matters.
      (i)  With respect to matters that in the reasonable judgment of the
      Administrator are non-ministerial, the Administrator shall not take any action
      unless within a reasonable time before the taking of such action, the
      Administrator shall have notified the Owner Trustee of the proposed action
      and
      the Owner Trustee shall not have withheld consent or provided an alternative
      direction. For the purpose of the preceding sentence, "non-ministerial matters"
      shall include, without limitation:

     

    (A)  the
      amendment of or any supplement to the Indenture, any other Basic Document,
      any
      other Related Agreement, or any other document or agreement to which the Issuing
      Entity or the Owner Trustee is a party;

     

    
      
         

      

      
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    (B)  the
      initiation or compromise of any claim or lawsuit to which the Issuing Entity
      is
      a party;

     

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

     

    (D)  the
      removal of the Indenture Trustee;

     

    (E)  the
      allocation, deposit, withdrawal or payment of funds under any Basic Document
      or
      Related Agreement, including the timing or amount of any of the
      foregoing;

     

    (F)  the
      prepayment in full of any Note;

     

    (G)  the
      waiver of any default under any document, agreement, or instrument;

     

    (H)  the
      release of any part of the Collateral;

     

    (I)  the
      entering into of any agreement by the Issuing Entity or the Owner
      Trustee;

     

    (J)  any
      matter described in Article IV of the Trust Agreement;

     

    (K)  any
      matter that is reserved to the discretion of the Issuing Entity or the Owner
      Trustee under any Basic Document or Related Agreement or that could have a
      material impact on the financial condition of the Issuing Entity or the
      Certificateholder;

     

    (L)  the
      incurring of any obligation or liability by the Issuing Entity or the Owner
      Trustee;

     

    (M)  the
      disposition of any assets of the Issuing Entity, except as expressly authorized
      by the Trust Agreement or the Indenture; and

     

    (N)  any
      filings required by the Delaware Statutory Trust Act.

     

    (ii)  Notwithstanding
      anything to the contrary in this Agreement, the Administrator shall not be
      obligated to, and shall not, (A) pay any obligation of the Issuing Entity
      or the Owner Trustee, (B) execute or authenticate any note or certificate,
      (C) make any payments to the Noteholders, the Certificateholder, or any
      other Person under any Related Agreement or any Basic Document, (D) sell
      the Trust Estate pursuant to Section
      5.04
      of the
      Indenture or (E) take any other action that the Issuing Entity directs the
      Administrator not to take on its behalf or take, or cause or instruct the
      Issuing Entity or the Owner Trustee to take, any action that the Issuing Entity
      or the Owner Trustee is prohibited from taking under any Basic
      Document.

     

    
      
         

      

      
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    2.  Records.
      The
      Administrator shall maintain appropriate books of account and records relating
      to services performed hereunder, which books of account and records shall be
      accessible for inspection by the Issuing Entity, the Owner Trustee, the
      Indenture Trustee and the Depositor at any time during normal business
      hours.

     

    3.  Compensation.
      As
      compensation for the performance of the Administrator's obligations under this
      Agreement, the Administrator shall be entitled to $500 per month which shall
      be
      payable in accordance with Section
      5.04
      of the
      Sale and Servicing Agreement. The Depositor shall also reimburse the
      Administrator for any of its liabilities and expenses related to its performance
      hereunder or under any Related Agreement (including without limitation those
      expenses set forth in Section
      1(a)(ii)
      of this
      Agreement).

     

    4.  Additional
      Information To Be Furnished to Issuing Entity.
      The
      Administrator shall furnish to the Issuing Entity from time to time such
      additional information regarding the Collateral as the Issuing Entity shall
      reasonably request.

     

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

     

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

     

    7.  Other
      Activities of Administrator.
      Nothing
      herein shall prevent the Administrator or its affiliates from engaging in other
      businesses or, in its sole discretion, from acting in a similar capacity as
      an
      administrator for any other person or entity even though such person or entity
      may engage in business activities similar to those of the Issuing Entity, the
      Owner Trustee or the Indenture Trustee.

     

    8.  Term
      of Agreement; Resignation and Removal of Administrator.
      (a)  This
      Agreement shall continue in force until the dissolution of the Issuing Entity,
      upon which event this Agreement shall automatically terminate.

     

    (b)  Subject
      to Section 8(e) and (f), the Administrator may resign its duties hereunder
      by
      providing the Issuing Entity with at least 60 days prior written
      notice.

     

    (c)  Subject
      to Section 8(e) and (f), the Issuing Entity may remove the Administrator without
      cause by providing the Administrator with at least 60 days prior written
      notice.

     

    
      
         

      

      
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    (d)  Subject
      to Section 8(e) and (f), at the sole option of the Issuing Entity, the
      Administrator may be removed immediately upon written notice of termination
      from
      the Issuing Entity to the Administrator if any of the following events shall
      occur:

     

    (i)  the
      Administrator shall default in the performance of any of its duties under this
      Agreement and, after notice of such default, shall not cure such default within
      ten days (or, if such default cannot be cured in such time, shall not give
      within 10 days such assurance of cure as shall be reasonably satisfactory to
      the
      Issuing Entity);

     

    (ii)  a
      court
      having jurisdiction in the premises shall enter a decree or order for relief,
      and such decree or order shall not have been vacated within 60 days, in respect
      of the Administrator in any involuntary case under any applicable bankruptcy,
      insolvency or other similar law now or hereafter in effect or appoint a
      receiver, liquidator, assignee, custodian, trustee, sequestrator or similar
      official for the Administrator or any substantial part of its property or order
      the winding-up or liquidation of its affairs; or

     

    (iii)  the
      Administrator shall commence a voluntary case under any applicable bankruptcy,
      insolvency or other similar law now or hereafter in effect, shall consent to
      the
      entry of an order for relief in an involuntary case under any such law, or
      shall
      consent to the appointment of a receiver, liquidator, assignee, trustee,
      custodian, sequestrator or similar official for the Administrator or any
      substantial part of its property, shall consent to the taking of possession
      by
      any such official of any substantial part of its property, shall make any
      general assignment for the benefit of creditors or shall fail generally to
      pay
      its debts as they become due.

     

    The
      Administrator agrees that if any of the events specified in clause (ii) or
      (iii)
      of this Section shall occur, it shall give written notice thereof to the Issuing
      Entity and the Indenture Trustee within seven days after the happening of such
      event.

     

    (e)  No
      resignation or removal of the Administrator pursuant to this Section shall
      be
      effective until (i) a successor Administrator shall have been appointed by
      the
      Issuing Entity and (ii) such successor Administrator shall have agreed in
      writing to be bound by the terms of this Agreement in the same manner as the
      Administrator is bound hereunder.

     

    (f)  The
      appointment of any successor Administrator shall be effective only after
      satisfaction of the Rating Agency Condition with respect to the proposed
      appointment.

     

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

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    10.  Notices.
      Any
      notice, report or other communication given hereunder shall be in writing and
      addressed as follows:

     

    (a)  if
      to the
      Issuing Entity, to

     

    Caterpillar
      Financial Asset Trust 2006-A

    Chase
      Bank USA, National Association

    c/o
      JPMorgan Chase, N.A.

    500
      Stanton Christiana Road, OPS4

    3rd
      Floor

    Newark,
      Delaware 19713

    Attention:
      Institutional Trust Services

     

    (b)  if
      to the
      Owner Trustee, to

     

    Chase
      Bank USA, National Association

    c/o
      JPMorgan Chase, N.A.

    500
      Stanton Christiana Road, OPS4

    3rd
      Floor

    Newark,
      Delaware 19713

    Attention:
      Institutional Trust Services

     

    (c)  if
      to the
      Administrator, to

     

    Caterpillar
      Financial Services Corporation

    2120
      West
      End Avenue

    Nashville,
      TN 37203-0001

     

    (d)  if
      to the
      Indenture Trustee, to

     

    U.S.
      Bank
      National Association

    209
      S.
      LaSalle Street, Suite 300

    Chicago,
      IL 60604

     

    (e)  if
      to the
      Depositor, to

     

    Caterpillar
      Financial Funding Corporation

    4040
      S.
      Eastern Avenue

    Suite
      344

    Las
      Vegas, Nevada 89119

     

    or
      to
      such other address as any party shall have provided to the other parties in
      writing. Any notice required to be in writing hereunder shall be deemed given
      upon receipt.

     

    11.  Amendments.
      This
      Agreement may be amended, with prior written notice to the Rating Agencies,
      from
      time to time by a written amendment duly executed and delivered by the Issuing
      Entity, the Administrator and the Indenture Trustee, with the written consent
      of
      the Owner Trustee, without the consent of the Noteholders and the
      Certificateholder, 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 Certificateholder;
      provided,
      however,
      that
      such amendment will not, in the Opinion of Counsel, materially and adversely
      affect the interest of any Noteholder or the Certificateholder or the federal
      tax characterization of the Notes. This Agreement may also be amended, with
      prior written notice to the Rating Agencies, by the Issuing Entity, the
      Administrator and the Indenture Trustee with the written consent of the Owner
      Trustee and the holders of Notes evidencing a majority in the Outstanding Amount
      of the Notes and the holder of the Certificate 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 Noteholders or the
      Certificateholder; 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 Receivables or
      distributions that are required to be made for the benefit of the Noteholders
      or
      the Certificateholder or (ii) reduce the aforesaid percentage of the holders
      of
      Notes and the holder of the Certificate which are required to consent to any
      such amendment, without the consent of the holders of all the outstanding Notes
      and the Certificate. Notwithstanding the foregoing, this Agreement may not
      be
      amended without the consent of the Depositor, which consent shall not be
      unreasonably withheld.

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

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

     

    13.  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 (OTHER THAN SECTIONS
      5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW) AND THE OBLIGATIONS,
      RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE
      WITH SUCH LAWS.

     

    14.  Headings.
      The
      section headings hereof have been inserted for convenience of reference only
      and
      shall not be construed to affect the meaning, construction or effect of this
      Agreement.

     

    15.  Counterparts.
      This
      Agreement may be executed in counterparts, each of which when so executed shall
      together constitute but one and the same agreement.

     

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    16.  Severability.
      Any
      provision of this Agreement that is prohibited or unenforceable in any
      jurisdiction shall 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.

     

    17.  Not
      Applicable to the Administrator in Other Capacities.
      Nothing
      in this Agreement shall affect any obligation the Administrator may have in
      any
      other capacity.

     

    18.  Limitation
      of Liability of Owner Trustee and Indenture Trustee.

     

    (a)  Notwithstanding
      anything contained herein to the contrary, this instrument has been signed
      by
      Chase Bank USA, National Association not in its individual capacity but solely
      in its capacity as Owner Trustee of the Issuing Entity and in no event shall
      Chase Bank USA, National Association in its individual capacity or any
      beneficial owner of the Issuing Entity have any liability for the
      representations, warranties, covenants, agreements or other obligations of
      the
      Issuing Entity hereunder, as to all of which recourse shall be had solely to
      the
      assets of the Issuing Entity. For all purposes of this Agreement, in the
      performance of any duties or obligations of the Issuing Entity hereunder, the
      Owner Trustee shall be subject to, and entitled to the benefits of, the terms
      and provisions of Articles VI, VII and VIII of the Trust Agreement.

     

    (b)  Notwithstanding
      anything contained herein to the contrary, this Agreement has been signed by
      U.S. Bank National Association not in its individual capacity but solely as
      Indenture Trustee and in no event shall U.S. Bank National Association have
      any
      liability for the representations, warranties, covenants, agreements or other
      obligations of the Issuing Entity 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 Issuing Entity.

     

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

     

    20.  Successor
      Servicer and Administrator.
      A
      successor Servicer appointed pursuant to Section 8.02 of the Sale and Servicing
      Agreement shall, upon compliance with the last sentence of the first paragraph
      of Section
      8.02
      of the
      Sale and Servicing Agreement, become the successor Administrator hereunder;
      provided,
      however,
      that if
      the Indenture Trustee shall become such successor Administrator, the Indenture
      Trustee shall not be required to perform any obligations or duties or conduct
      any activities as successor Administrator that would be prohibited by law and
      not within the banking and trust powers of the Indenture Trustee. In such event,
      the Indenture Trustee shall appoint a sub-administrator to perform such
      obligations and duties.

     

    21.  Nonpetition
      Covenants.
      

     

    (a)  Notwithstanding
      any prior termination of this Agreement, the Depositor, the Administrator,
      the
      Owner Trustee and the Indenture Trustee shall not, prior to the date which
      is
      one year and one day after the payment of the Notes in full, acquiesce, petition
      or otherwise invoke or cause the Issuing Entity to invoke the process of any
      court or government authority for the purpose of commencing or sustaining a
      case
      against the Issuing Entity 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 Issuing Entity or any substantial
      part of its property, or ordering the winding up or liquidation of the affairs
      of the Issuing Entity.

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    (b)  Notwithstanding
      any prior termination of this Agreement, the Issuing Entity, the Administrator,
      the Owner Trustee and the Indenture Trustee shall not, prior to the date which
      is one year and one day after the payment of the Notes in full, acquiesce,
      petition or otherwise invoke or cause the Depositor to invoke the process of
      any
      court or government authority for the purpose of commencing or sustaining a
      case
      against the Depositor 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 Depositor or any substantial
      part
      of its property, or ordering the winding up or liquidation of the affairs of
      the
      Depositor.

     

    [Signature
      Page Follows]

    

     

    
      
        
           

        

         

      

      
        13

        
          

        

      

      
         

        
          

        

      

    

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

     

    CATERPILLAR
      FINANCIAL ASSET 

     

    TRUST
      2006-A

     

    By: CHASE
      BANK USA, NATIONAL 

          
      ASSOCIATION, not in its individual capacity 

           but
      solely as Owner Trustee

     

    By:/s/
      Diane P. Ledger

    Name:Diane
      P.
      Ledger

    Title:Assistant
      Vice President

     

    U.S.
      BANK
      NATIONAL ASSOCIATION,

    not
      in
      its individual capacity

    but
      solely as Indenture Trustee

     

    By:Melissa
      A. Rosal

    Name:Melissa
      A. Rosal

    Title:Vice
      President

     

    CATERPILLAR
      FINANCIAL SERVICES 

    CORPORATION,
      as Administrator

     

    By:/s/
      James A. Duensing

    Name:James
      A.
      Duensing

    Title:Treasurer

     

    CATERPILLAR
      FINANCIAL FUNDING 

    CORPORATION,
      as Depositor

     

    By:/s/
      James A. Duensing

    Name:James
      A.
      Duensing

    Title:Treasurer

    

     

    
      
        
          Administration
            Agreement

           

        

         

      

      
         

        
          

        

      

      
         

        
          

        

      

    

    EXHIBIT
      A

    [Form
      of
      Power of Attorney]

     

    POWER
      OF
      ATTORNEY

     

    STATE
      OF
      ____________              
 )

                                                                    
      )

    COUNTY
      OF
      __________                
)

     

    KNOW
      ALL
      MEN BY THESE PRESENTS, that ______________________, a
      ____________________________, not in its individual capacity but solely as
      owner
      trustee ("Owner Trustee") for the Caterpillar Financial Asset Trust 2006-A
      ("Trust"), does hereby make, constitute and appoint
      ____________________________, as Administrator under the Administration
      Agreement (as defined below), as Attorney-in-Fact to execute on behalf of the
      Owner Trustee or the Issuing Entity all documents, reports, filings,
      instruments, and certificates as it shall be the duty of the Owner Trustee
      or
      the Issuing Entity to prepare, file or deliver pursuant to the Related
      Agreements (as defined in the Administration Agreement), including, without
      limitation, to appear for and represent the Owner Trustee and the Issuing Entity
      in connection with the preparation, filing and audit of federal, state and
      local
      tax returns pertaining to the Issuing Entity, and with full power to perform
      any
      and all acts associated with such returns and audits that the Owner Trustee
      could perform, including without limitation, the right to distribute and receive
      confidential information, defend and assert positions in response to audits,
      initiate and defend litigation, and to execute waivers of restriction on
      assessments of deficiencies, consents to the extension of any statutory or
      regulatory time limit, and settlements. For the purpose of this Power of
      Attorney, the term "Administration Agreement" means the Administration
      Agreement, dated as of June 1, 2006, among the Issuing Entity, Caterpillar
      Financial Services Corporation, as Administrator, Caterpillar Financial Funding
      Corporation, as Depositor, and U.S. Bank National Association, as Indenture
      Trustee, as amended, modified or supplemented from time to time.

     

    All
      powers of attorney for this purpose heretofore filed or executed by the Owner
      Trustee are hereby revoked.

     

    EXECUTED
      this [___] day of June 2006.

     

    CHASE
      BANK USA, NATIONAL ASSOCIATION, 

    not
      in
      its individual capacity but solely as Owner Trustee,

     

    By:__________________________________________

    Name:

    Title:

    

     

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

        
          

        

      

    

    
 

    TABLE
      OF CONTENTS

    
 

    1.    
      DUTIES
      OF
      ADMINISTRATOR.........................................................................................................................................................2

     

    2.    
      RECORDS................................................................................................................................................................................................8

     

    3.    
      COMPENSATION..................................................................................................................................................................................8

     

    4.    
      ADDITIONAL
      INFORMATION TO BE FURNISHED TO ISSUING
      ENTITY..............................................................................8

     

    5.    
      INDEPENDENCE
      OF
      ADMINISTRATOR.........................................................................................................................................8

     

    6.    
      NO
      JOINT
      VENTURE............................................................................................................................................................................8

     

    7.    
      OTHER
      ACTIVITIES OF
      ADMINISTRATOR..................................................................................................................................8

     

    8.    
      TERM
      OF
      AGREEMENT; RESIGNATION AND REMOVAL OF
      ADMINISTRATOR.............................................................8

     

    9.    
      ACTION
      UPON TERMINATION, RESIGNATION OR
      REMOVAL..............................................................................................9

     

    10.   
      NOTICES..............................................................................................................................................................................................10

     

    11.   
      AMENDMENTS..................................................................................................................................................................................10

     

    12.   
      SUCCESSORS
      AND
      ASSIGNS..........................................................................................................................................................11

     

    13.    GOVERNING
      LAW..............................................................................................................................................................................11

     

    14.   
      HEADINGS...........................................................................................................................................................................................11

     

    15.   
      COUNTERPARTS...............................................................................................................................................................................11

     

    16.   
      SEVERABILITY..................................................................................................................................................................................12

     

    17.   
      NOT
      APPLICABLE TO THE ADMINISTRATOR IN OTHER
      CAPACITIES..........................................................................12

     

    18.   
      LIMITATION
      OF LIABILITY OF OWNER TRUSTEE AND INDENTURE
      TRUSTEE...........................................................12

     

    19.   
      THIRD-PARTY
      BENEFICIARY........................................................................................................................................................12

     

    20.  
      SUCCESSOR
      SERVICER AND
      ADMINISTRATOR......................................................................................................................12

     

    21.   
      NONPETITION
      COVENANTS.........................................................................................................................................................12

     

     

    EXHIBIT
      A - Form
      of
      Power of AttorneyEXHIBIT
      10.3

    
      

      

    

    

     

     

    CUSTODIAL
      AGREEMENT

     

     

    among

     

     

    CATERPILLAR
      FINANCIAL SERVICES CORPORATION 

     

     

    Originator
      and Servicer

     

     

    CATERPILLAR
      FINANCIAL FUNDING CORPORATION

     

     

    Depositor

     

     

    CATERPILLAR
      FINANCIAL ASSET TRUST 2006-A

     

     

    Issuer

     

     

    and

     

     

    U.S.
      BANK NATIONAL ASSOCIATION

     

     

    Indenture
      Trustee and Custodian

     

     

    Dated
      as
      of June 1, 2006

     

     

    

     

    
      

      

    

    

     

     

    

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

        
          

        

      

    

    
 

    TABLE
      OF CONTENTS

    ARTICLE
      I     DEFINITIONS........................................................................................................................................................................2

     

    Section
      1.1. 
Definitions.................................................................................................................................................................2

     

    Section
      1.2.  Interpretation of the
      Agreement............................................................................................................................2

     

    ARTICLE
      II     CUSTODIAL
      ARRANGEMENT........................................................................................................................................2

     

    Section
      2.1.  Appointment as
      Custodian.....................................................................................................................................2

     

    Section
      2.2.  Maintenance of
      Office.............................................................................................................................................3

     

    ARTICLE
      III     CUSTODIAL
      ARRANGEMENT......................................................................................................................................3

     

    Section
      3.1.  Transfer of Receivables; Delivery of
      Documents...............................................................................................3

     

    Section
      3.2. 
Certification..............................................................................................................................................................4

     

    Section
      3.3.  Release of Receivable
      Files...................................................................................................................................4

     

    Section
      3.4.  Purchase; Payment In
      Full.....................................................................................................................................5

     

    Section
      3.5.  Other Duties of
      Custodian....................................................................................................................................5

     

    Section
      3.6.  Access to
      Records.................................................................................................................................................5

     

    Section
      3.7.  Instructions; Authority to
      Act............................................................................................................................5

     

    ARTICLE
      IV     OWNERSHIP
      AND TRANSFER OF
      RECEIVABLES...................................................................................................6

     

    Section
      4.1.  Transfer of
      Receivables.........................................................................................................................................6

     

    Section
      4.2.  Substitution and Purchase of
      Receivables........................................................................................................6

     

    Section
      4.3.  No Service Charge for Transfer of
      Receivables.................................................................................................7

     

    Section
      4.4. 
Defeasance...............................................................................................................................................................7

     

    ARTICLE
      V     CUSTODIAN.......................................................................................................................................................................7

     

    Section
      5.1.  Representations, Warranties and Covenants of
      Custodian............................................................................7

     

    Section
      5.2.  Charges and
      Expenses..........................................................................................................................................8

     

    Section
      5.3.  No Adverse
      Interests...........................................................................................................................................9

     

    Section
      5.4. 
Inspections.............................................................................................................................................................9

     

    Section
      5.5. 
Insurance.................................................................................................................................................................9

     

    Section
      5.6.  Limitation of
      Liability.............................................................................................................................................9

     

    Section
      5.7. 
Indemnification.......................................................................................................................................................9

     

    Section
      5.8.  Further Rights of
      Custodian...............................................................................................................................10

     

    
      
         

      

      
        -i-

        
          

        

      

      
         

      

    

    TABLE
      OF CONTENTS

    (continued)

     

    ARTICLE
      VI     MISCELLANEOUS
      PROVISIONS.................................................................................................................................10

     

    Section
      6.1. 
Amendment............................................................................................................................................................10

     

    Section
      6.2.  Governing
      Law......................................................................................................................................................10

     

    Section
      6.3. 
Notices....................................................................................................................................................................11

     

    Section
      6.4.  Severability of
      Provisions....................................................................................................................................11

     

    Section
      6.5.  No
      Partnership........................................................................................................................................................11

     

    Section
      6.6.  Termination of
      Agreement....................................................................................................................................11

     

    Section
      6.7. 
Counterparts...........................................................................................................................................................11

     

    Section
      6.8. 
Assignment.............................................................................................................................................................12

     

    Section
      6.9. 
Headings..................................................................................................................................................................12

     

    Section
      6.10. Advice of
      Counsel.................................................................................................................................................12

     

    Section
      6.11. No
      Petition..............................................................................................................................................................12

     

    Section
      6.12. Resignation of
      Custodian.....................................................................................................................................12

     

    Section
      6.13. Limitation of Liability of Indenture Trustee and Owner
      Trustee....................................................................12

     

    ARTICLE
      VII     REGULATION
      AB
      COMPLIANCE................................................................................................................................13

     

    Section
      7.1.  Additional Representations and Warranties of
      Custodian..............................................................................13

     

    Section
      7.2.  Additional Representations and Warranties of
      Custodian..............................................................................14

     

    Section
      7.3.  Report on Assessment of Compliance and
      Attestation...................................................................................14

     

    Section
      7.4.  Indemnification By
      Custodian..............................................................................................................................14

     

    Section
      7.5.   Indemnification of
      Custodian...............................................................................................................................15

     

    EXHIBIT
      A  CUSTODIAN
      CERTIFICATION.........................................................................................................................................A-1

     

    EXHIBIT
      B  REQUEST
      FOR RELEASE OF
      DOCUMENTS....................................................................................................................B-1

     

    EXHIBIT
      C  TRANSFER
      CERTIFICATE..................................................................................................................................................C-1

     

    APPLICABLE
      SERVICING
      CRITERIA.....................................................................................................................................................D-1

     

    

    
      
        
           

        

         

      

      
        -ii-

        
          

        

      

      
         

      

    

    CUSTODIAL
      AGREEMENT

     

    THIS
      CUSTODIAL AGREEMENT is made as of June 1, 2006 (as amended, modified or
      supplemented from time to time, this "Agreement"), by and among CATERPILLAR
      FINANCIAL SERVICES CORPORATION, as originator and as servicer (the "Originator"
      and the "Servicer", respectively), CATERPILLAR FINANCIAL FUNDING CORPORATION,
      as
      depositor (the "Depositor"), CATERPILLAR FINANCIAL ASSET TRUST 2006-A (the
      "Issuing Entity"), U.S. BANK NATIONAL ASSOCIATION, as trustee (the "Indenture
      Trustee"), and U.S. BANK NATIONAL ASSOCIATION, as custodian (the
      "Custodian").

     

    RECITALS

     

    WHEREAS,
      before the Closing Date the Originator is the owner of the
      Receivables;

     

    WHEREAS,
      pursuant to the Purchase Agreement, the Originator will sell the Receivables
      to
      the Depositor;

     

    WHEREAS,
      pursuant to the Sale and Servicing Agreement, the Depositor will sell the
      Receivables acquired pursuant to the Purchase Agreement to the Issuing
      Entity;

     

    WHEREAS,
      pursuant to the Indenture, the Issuing Entity will Grant to the Indenture
      Trustee all of the Issuing Entity's right, title and interest in, to and under
      the Receivables and the other assets of the Issuing Entity;

     

    WHEREAS,
      during such time as the Originator, the Depositor, the Issuing Entity or the
      Indenture Trustee owns or has an interest in the Receivables, such Person or
      Persons shall be referred to herein as the "Receivables Holder," and the
      Custodian shall hold all Receivables for the benefit of the Originator, the
      Depositor, the Issuing Entity and the Indenture Trustee during such time as
      such
      Person is a Receivables Holder;

     

    WHEREAS,
      in connection with the foregoing, the parties hereto desire to provide for
      the
      custody and management of the Receivables transferred pursuant to the Purchase
      Agreement, the Sale and Servicing Agreement and the Indenture (each, a
      "Transfer");

     

    WHEREAS,
      the Custodian is a financial institution regulated by the Comptroller of the
      Currency of the United States;

     

    WHEREAS,
      the Originator, the Depositor, the Issuing Entity and the Indenture Trustee,
      during such time as each such Person is a Receivables Holder, desire to have
      the
      Custodian (i) hold the Receivables as custodian for each such party,
      (ii) take possession of the Contracts and the Receivable Files related to
      the Receivables, along with certain other documents specified in this Agreement,
      as the custodian for such Receivables Holder in accordance with the terms and
      conditions of this Agreement and (iii) retain possession of the Contracts
      and Receivable Files and such other documents as custodian for the applicable
      Receivables Holder; and the Custodian is willing and able to perform the duties
      and obligations of a custodian as set forth herein; and

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    WHEREAS,
      the Servicer will act as servicer of the Receivables pursuant to the Sale and
      Servicing Agreement.

     

    NOW,
      THEREFORE, in consideration of the premises and the mutual agreements
      hereinafter set forth, the Originator, the Servicer, the Depositor, the Issuing
      Entity, the Indenture Trustee and the Custodian hereby agree as
      follows:

     

      

    ARTICLE
      I

     

    DEFINITIONS

     

    Section
      1.1.  Definitions.
      Certain
      capitalized terms used in this Agreement and not otherwise defined herein shall
      have the respective meanings assigned them in the Sale and Servicing Agreement,
      dated as of June 1, 2006 (as amended, modified or supplemented from time to
      time, the "Sale and Servicing Agreement"), among the Issuing Entity, the
      Depositor and the Servicer or in the Indenture, dated as of June 1, 2006 (as
      amended, modified or supplemented from time to time, the "Indenture"), between
      the Issuing Entity and the Indenture Trustee. All references in this Agreement
      to Articles, Sections, Subsections and Exhibits are to the same contained in
      or
      attached to this Agreement unless otherwise specified. All terms defined in
      this
      Agreement shall have the defined meanings when used in any certificate, notice
      or other document made or delivered pursuant hereto unless otherwise defined
      therein. 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. 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. 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; the term "including" shall mean "including without limitation";
      and
      the term "or" is not exclusive. 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. Terms
      used herein that are defined in the New York UCC and not otherwise defined
      herein shall have the meanings set forth in the New York UCC unless the context
      requires otherwise.

     

    Section
      1.2.  Interpretation
      of the Agreement.
      In
      interpreting any mistake or ambiguity contained herein, the parties hereto
      agree
      to resolve any such mistakes or ambiguities in favor of the Indenture
      Trustee.

     

     

     

    ARTICLE
      II

     

    CUSTODIAL
      ARRANGEMENT

     

    Section
      2.1.  Appointment
      as Custodian.
      Subject
      to the terms and conditions hereof, the Originator, the Depositor, the Issuing
      Entity and the Indenture Trustee, as their interests may appear, hereby appoint
      U.S. Bank National Association, and U.S. Bank National Association hereby
      accepts such appointment, as Custodian to maintain custody of the Receivables,
      the Contracts and the Receivable Files during such time as each such Person
      is a
      Receivables Holder.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    Section
      2.2.  Maintenance
      of Office.
      The
      Custodian agrees to maintain each Receivable File identified in Section 3.03
      of the
      Sale and Servicing Agreement and Section 2.04
      of the
      Purchase Agreement at its office located at 4040 S. Eastern Avenue, Suite 346,
      Las Vegas, Nevada 89119, or at such of its other offices in Nevada as Custodian
      shall designate from time to time after giving the Originator, the Depositor,
      the Issuing Entity, each of the Rating Agencies and the Indenture Trustee prior
      written notice, which office shall be maintained separate from the offices
      of
      the Originator, the Depositor and the Servicer and shall be at all times under
      the exclusive dominion and control of the Custodian. None of the Custodian's
      employees shall be employees of the Originator, the Depositor, the Servicer
      or
      any of the Servicer's Affiliates.

     

      

     

    ARTICLE
      III

     

    CUSTODIAL
      ARRANGEMENT

     

    Section
      3.1.  Transfer
      of Receivables; Delivery of Documents.
      Within
      30 days of the Closing Date, the Originator shall deliver, or cause to be
      delivered, to the Custodian, the Receivable Files, including the Original
      Contract evidencing each Receivable.

     

    On
      the
      date on which the Originator delivers the Receivable Files to the Custodian
      (the
      "Delivery
      Date"),
      the
      Originator shall deliver to the Custodian a transfer certificate in form of
      Exhibit
      C
      (a
      "Transfer
      Certificate"),
      acknowledging the Transfer of the Receivables from the Originator to the
      Depositor pursuant to the Purchase Agreement. Upon its receipt of such Transfer
      Certificate, the Custodian shall acknowledge such Transfer Certificate (as
      provided thereon) and deliver to the Depositor a Custodian Certification (as
      defined in Section
      3.2)
      (the
      "Depositor's
      Custodian Certification")
      certifying that it is holding the Receivable Files delivered to it by the
      Originator on behalf of the Depositor.

     

    Upon
      receipt of the Depositor's Custodian Certification, the Depositor shall deliver
      to the Custodian a Transfer Certificate acknowledging the Transfer of the
      Receivables from the Depositor to the Issuing Entity pursuant to the Sale and
      Servicing Agreement. Upon its receipt of such Transfer Certificate, the
      Custodian shall acknowledge such Transfer Certificate as provided thereon and
      deliver to the Issuing Entity a Custodian Certification (the "Issuing
      Entity's Custodian Certification")
      certifying that it is holding the Receivable Files delivered to it by the
      Originator on behalf of the Issuing Entity.

     

    Upon
      receipt of the Issuing Entity's Custodian Certification, the Issuing Entity
      shall deliver to the Custodian a Transfer Certificate acknowledging the Transfer
      of the Receivables from the Issuing Entity to the Indenture Trustee pursuant
      to
      the Indenture. Upon its receipt of such Transfer Certificate, the Custodian
      shall acknowledge such Transfer Certificate as provided thereon and deliver
      to
      the Indenture Trustee a Custodian Certification (the "Trustee's
      Custodian Certification")
      certifying that it is holding the Receivable Files delivered to it by the
      Originator on behalf of the Indenture Trustee.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    Custodian
      hereby acknowledges receipt of the Purchase Agreement, the Sale and Servicing
      Agreement and the Indenture. Custodian further acknowledges that, on the
      Delivery Date and pursuant to this Agreement, the Purchase Agreement, the Sale
      and Servicing Agreement and the Indenture, Custodian will be given possession
      of
      the Receivable Files relating to the Receivables constituting a portion of
      the
      Collateral, each of which Receivables will be described specifically on Schedule
      A to each of the Purchase Agreement and the Sale and Servicing Agreement, a
      copy
      of which will be delivered to Custodian simultaneously with the delivery of
      the
      Receivable Files relating thereto. On and after the Delivery Date and the
      completion of the Transfers described above, and so long as this Agreement
      shall
      remain in effect, Custodian shall hold the Receivable Files now and thereafter,
      from time to time, in its sole custody and control as custodian for the
      Indenture Trustee, unless and until released from the lien of the Indenture
      and
      otherwise in accordance with the Sale and Servicing Agreement, in which event,
      Custodian shall hold the Receivables and the Receivable Files as custodian
      for
      the benefit of the applicable Receivables Holder.

     

    Section
      3.2.  Certification.
      Custodian shall hold all documents in each Receivable File on behalf of the
      applicable Receivables Holder pursuant to this Agreement. Upon consummation
      of a
      Transfer in accordance with terms hereof, Custodian shall, with respect to
      the
      Receivables transferred to a Receivables Holder in connection with a Transfer,
      number, execute and deliver to the applicable Receivables Holder (with a copy
      to
      the Servicer) one or more certifications (each, a "Custodian
      Certification")
      in the
      form attached as Exhibit A.
      Upon
      issuance of a Custodian Certification with respect to any Transfer, the
      Custodian Certification relating to such Receivable previously delivered shall
      be deemed and marked cancelled with respect to such Receivable.

     

    Section
      3.3.  Release
      of Receivable Files.
      From
      time to time and as provided in the Sale and Servicing Agreement, Custodian
      is
      hereby authorized, upon written request of Servicer (with the approval of the
      Indenture Trustee, which approval shall not be unreasonably withheld) in the
      form annexed as Exhibit B,
      to
      release to the Servicer the Receivable File related to any Receivable or the
      specific documents identified in such request by the Servicer. All documents
      so
      released to the Servicer shall be held by it in trust for the benefit of the
      Indenture Trustee. Servicer shall return the Receivable File, or such other
      documents which have been released to Servicer, to Custodian when Servicer's
      need therefor in connection with a foreclosure, modification, termination or
      repossession no longer exists, unless the Receivable shall be satisfied in
      full
      or liquidated, in which case, upon receipt of a certification to such effect
      from Servicer to Custodian in the form annexed as Exhibit B,
      the
      related Receivable File shall be released by Custodian to Servicer, and
      Custodian shall thereupon reflect any such liquidation of the related
      Receivable. Pursuant to Section 4.07
      of the
      Sale and Servicing Agreement, (i) the Servicer shall return a Receivable
      File released to it within five Business Days of such release and (ii) if
      such Receivable File has not been returned to the Custodian within such five
      Business Day period, the Servicer shall repurchase the related
      Receivable.

     

    Notwithstanding
      anything herein or in any other Basic Document to the contrary, (i) the
      Servicer shall return any Receivable File released to it in connection with
      a
      modification or extension of a Receivable to the Custodian on the same day
      such
      file is released and (ii) the Custodian shall not release a Receivable File
      to the Servicer in connection with a modification or extension of a Receivable
      if, after giving effect to the release of such Receivable File, the number
      of
      Receivables having released Receivable Files in connection with modifications
      and extensions exceeds four (4).

     

    
      
        
           

        

      

      
        4

        
          

        

      

      
         

      

    

    Section
      3.4.  Purchase;
      Payment In Full.
      Upon
      the purchase of any Receivable pursuant to Section 3.02,
      3.05
      or
4.07
      of the
      Sale and Servicing Agreement or Section 6.02
      of the
      Purchase Agreement, or upon the payment in full of any Receivable, which shall
      be evidenced by Custodian's receipt of the request for release in the form
      annexed hereto as Exhibit B,
      Custodian shall promptly release the related Receivable File to Servicer and
      the
      security interest in such Receivable and related Receivable File granted by
      the
      Issuing Entity to the Indenture Trustee pursuant to the Indenture shall
      terminate without any further action by the Custodian, the Originator, the
      Depositor or the Indenture Trustee.

     

    Section
      3.5.  Other
      Duties of Custodian.
      The
      Custodian shall have and perform the other following powers and
      duties:

     

    (a)  Safekeeping.
      To
      segregate the Receivables and Receivable Files from all other receivables,
      leases and installment sale contracts and similar records in its possession,
      to
      identify the Receivable Files as being held and to hold the Receivable Files
      for
      and on behalf of the applicable Receivables Holder (which, on and after the
      delivery of the appropriate Transfer Certificate on the Delivery Date, shall
      be
      the Indenture Trustee, until such time as the Indenture Trustee releases the
      lien of the Indenture), to maintain accurate records pertaining to each Contract
      and Receivable in the Receivable Files, to provide monthly a list of all
      Receivable Files held by it, together with a current exception report, and
      to
      provide such information as is necessary to enable the Servicer to deliver
      the
      reports and notifications required by Section 4.09
      of the
      Sale and Servicing Agreement. Custodian will promptly report to the Indenture
      Trustee any failure on its part to hold the Receivable Files as herein provided
      and promptly take appropriate action to remedy any such failure.

     

    (b)  Administration;
      Reports.
      In
      general, to attend to all non-discretionary details in connection with
      maintaining custody of the Receivable Files on behalf of the applicable
      Receivables Holder as may be expressly provided herein or as may be required
      or
      customary for a custodian. In addition, Custodian shall assist the Indenture
      Trustee and the Servicer (at Servicer's cost) generally in the preparation
      of
      reports to holders or to regulatory bodies to the extent necessitated by
      Custodian's custody of the Receivable Files.

     

    Section
      3.6.  Access
      to Records.
      Custodian shall permit the Indenture Trustee and its duly authorized agents,
      attorneys or auditors to inspect the Receivable Files and the books and records
      maintained by the Custodian pursuant hereto at such reasonable times as they
      may
      reasonably request, subject only to compliance with the terms of the Sale and
      Servicing Agreement.

     

    Section
      3.7.  Instructions;
      Authority to Act.
      The
      Custodian shall be deemed to have received proper instructions with respect
      to
      the Receivable Files upon its receipt of written instructions signed by a
      Responsible Officer of the Indenture Trustee (so long as it is the Receivables
      Holder) and may conclusively rely on such instructions. In addition, the
      Custodian may conclusively rely upon any release request delivered to it in
      the
      form attached as Exhibit B
      duly
      executed by an authorized representative of the Servicer as set forth on Annex
      1
      to Exhibit B and, if required by the terms thereof, by the Indenture
      Trustee.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

      

     

    ARTICLE
      IV

     

    OWNERSHIP
      AND TRANSFER OF RECEIVABLES

     

    Section
      4.1.  Transfer
      of Receivables.
      The
      delivery of Receivables in connection with any Transfer shall occur in the
      following manner:

     

    (i)  Upon
      receipt of a Transfer Certificate, Custodian shall deliver a Custodian
      Certification certifying that it is holding the Receivable Files delivered
      to it
      on behalf of the transferee referred to in such Transfer
      Certificate;

     

    (ii)  Custodian
      shall within 15 days of its receipt of the delivery of the Receivable
      Files:

     

    (a)  determine
      whether each Receivable File listed on the Schedule of Receivables has been
      delivered to Custodian, and whether Custodian is able to deliver a Custodian
      Certification certifying that it is in possession of each Receivable
      File;

     

    (b)  promptly
      advise the applicable Receivables Holder, the Indenture Trustee, the Originator,
      the Servicer, the Depositor and each of the Rating Agencies by telephone or
      by
      facsimile transmission if it determines that any Receivable File referred to
      in
      clause (a) above has not been so delivered and take no further action under
      this
Section 4.1
      until it
      determines that such Receivable File has been so delivered; and

     

    (c)  upon
      determining that such Receivable File has been so delivered, Custodian shall
      issue and deliver to applicable Receivables Holder a Custodian Certification
      certifying that it is in possession of each Receivable File.

     

    Section
      4.2.  Substitution
      and Purchase of Receivables.
      The
      purchase of Receivables pursuant to Section 6.02
      of the
      Purchase Agreement and Section 3.02,
      Section 3.05(b)
      or
Section 4.07
      of the
      Sale and Servicing Agreement shall occur in the following manner:

     

    (i)  On
      or
      before the date of such purchase, the Servicer shall send the Indenture Trustee
      notice, with a copy to Custodian, indicating the Receivables to be purchased
      and
      the aggregate purchase prices to be paid on such date.

     

    (ii)  Upon
      receiving written confirmation in the form annexed as Exhibit B
      from the
      Servicer that it has received the applicable Purchase Amount, or that payment
      in
      full will be escrowed in a manner customary for such purpose, Custodian shall
      return to the applicable party (as identified to Custodian by the Indenture
      Trustee (so long as it is the Receivables Holder)) Receivable Files related
      to
      the Receivables purchased on such date.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    Section
      4.3.  No
      Service Charge for Transfer of Receivables.
      No
      service charge shall be made for any transfer of Receivables, but Custodian
      may
      require payment from the relevant transferor (other than the Indenture Trustee)
      of a sum sufficient to cover any tax or governmental charge that may be imposed
      in connection with any transfer of Receivables.

     

    Section
      4.4.  Defeasance.
      When a
      Receivable is purchased by the Servicer, the Depositor or the Originator
      pursuant to the terms of the Purchase Agreement and the Sale and Servicing
      Agreement, the applicable Receivables Holder's interest in such Receivable
      and
      all Collateral with respect to such Receivable shall terminate, such Receivable
      and related Collateral shall be conveyed to the Servicer, the Depositor or
      the
      Originator, as applicable, and the Receivables Holder's rights, title and
      interest therein shall cease, and the Indenture Trustee shall execute such
      instruments acknowledging termination and discharge of the lien of the Indenture
      as are required by applicable law.

     

      

     

    ARTICLE
      V

     

    CUSTODIAN

     

    Section
      5.1.  Representations,
      Warranties and Covenants of Custodian.
      Custodian hereby represents and warrants to, and covenants with, the Originator,
      the Depositor, the Servicer, the Issuing Entity and the Indenture Trustee,
      that
      as of the date of each Custodian Certification:

     

    (i)  Custodian
      is duly organized, validly existing and in good standing under the laws of
      the
      United States;

     

    (ii)  Custodian
      has the full power and authority to hold each Receivable as custodian on behalf
      of the applicable Receivables Holder, and to execute, deliver and perform,
      and
      to enter into and consummate all transactions contemplated by this Agreement,
      has duly authorized the execution, delivery and performance of this Agreement,
      has duly executed and delivered this Agreement, and this Agreement constitutes
      a
      legal, valid and binding obligation of Custodian, enforceable against it in
      accordance with its terms, except as enforcement of such terms may be limited
      by
      bankruptcy, insolvency or similar laws affecting the enforcement of creditors'
      rights generally and by the availability of equitable remedies;

     

    (iii)  Neither
      the execution and delivery of this Agreement, the delivery of Receivables to
      Custodian, the issuance of the Custodian Certifications, the consummation of
      the
      transactions contemplated hereby or thereby, nor the fulfillment of or
      compliance with the terms and conditions of this Agreement will conflict with
      or
      result in a breach of any of the terms, conditions or provisions of Custodian's
      charter or bylaws or any agreement or instrument to which Custodian is now
      a
      party or by which it is bound, or constitute a default or result in an
      acceleration under any of the foregoing, or result in the violation of any
      law,
      rule, regulation, order, judgment or decree to which Custodian or its property
      is subject;

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    (iv)  Custodian
      does not believe, nor does it have any reason or cause to believe, that it
      cannot perform each and every covenant contained in this Agreement;

     

    (v)  To
      Custodian's knowledge after due inquiry, there is no litigation pending or
      threatened, which if determined adversely to Custodian, would adversely affect
      the execution, delivery or enforceability of this Agreement, or any of the
      duties or obligations of Custodian hereunder, or which would have a material
      adverse effect on the financial condition of Custodian;

     

    (vi)  No
      consent, approval, authorization or order of any court or governmental agency
      or
      body is required for the execution, delivery and performance by Custodian of
      or
      compliance by Custodian with this Agreement or the consummation of the
      transactions contemplated hereby;

     

    (vii)  Upon
      written request of the applicable Receivables Holder, Custodian shall take
      such
      steps as requested by the applicable Receivables Holder to protect or maintain
      any interest in any Receivable; and

     

    (viii)  The
      Custodian has not been notified by any party other than the Originator, the
      Depositor, the Issuing Entity and the Indenture Trustee that any such third
      party claims an interest in the Receivables or the Receivable Files nor is
      any
      such party requesting the Custodian to act as a bailee or custodian with respect
      to the Receivables or the Receivable Files.

     

    Custodian
      makes no representations or warranties as to the validity, legality,
      sufficiency, enforceability, perfection, genuineness or prior recorded status
      of
      any of the documents contained in each Receivable File or the collectability,
      insurability, effectiveness or suitability of any Receivable.

     

    Section
      5.2.  Charges
      and Expenses.
      The
      Depositor will pay all fees of Custodian in connection with the performance
      of
      its duties hereunder in accordance with written agreements to be entered into
      from time to time between the Depositor and Custodian, including fees and
      expenses of counsel incurred by Custodian in the performance of its duties
      hereunder; provided, however, that (i) Custodian shall in no event acquire
      any lien upon any Receivable or Receivable File held under this Agreement or
      the
      Purchase Agreement or the Sale and Servicing Agreement, or any claim against
      any
      Receivables Holder by reason of the failure of the Depositor to pay any of
      such
      charges or expenses and (ii) in the event the Depositor fails to pay the
      fees and expenses of Custodian as set forth in such written agreements,
      Custodian shall have no obligation to take actions or incur costs in connection
      with this Agreement unless the Depositor or another Person has made adequate
      provision for payment of Custodian's fees and expenses. The Depositor shall
      indemnify Custodian against payment of any documentary stamp taxes, intangible
      taxes and other similar taxes, penalties and interest incurred in connection
      with the Receivables and the transactions contemplated hereby.

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    Section
      5.3.  No
      Adverse Interests.
      Custodian covenants and warrants to the Originator, the Depositor, the Servicer,
      the Issuing Entity and the Indenture Trustee, that as of the date of each
      Custodian Certification: (i) it holds no adverse interest, by way of
      security or otherwise, in any Receivable; and (ii) the execution of this
      Agreement and the creation of the custodial relationship hereunder does not
      create any interest, by way of security or otherwise, of Custodian in or to
      any
      Receivable or any Receivable File, other than Custodian's rights as custodian
      hereunder.

     

    Section
      5.4.  Inspections.
      Upon
      reasonable prior written notice to Custodian, the Servicer, the Depositor,
      the
      Indenture Trustee, the Issuing Entity and such Person's agents, accountants,
      attorneys and auditors will be permitted during normal business hours to examine
      Custodian's documents, records and other papers in possession of or under the
      control of Custodian relating to the Receivables.

     

    Section
      5.5.  Insurance.
      Custodian shall, at its own expense, maintain at all times during the existence
      of this Agreement and keep in full force and effect, (1) fidelity
      insurance, (2) theft of documents insurance, and (3) forgery insurance
      subject to deductibles, all as is customary for amounts and with insurance
      companies reasonably acceptable to the Servicer and the Indenture Trustee.
      A
      certificate of the respective insurer as to each such policy or a blanket policy
      for such coverage shall be furnished to the Servicer or the Indenture Trustee,
      upon request, containing the insurer's statement or endorsement that such
      insurance shall not terminate prior to receipt by such party, by registered
      mail, of 10 days advance notice thereof.

     

    Section
      5.6.  Limitation
      of Liability.
      Custodian assumes no obligation, and shall be subject to no liability, under
      this Agreement, except for its negligence or willful misconduct in the
      performance of the obligations and duties as are specifically set forth herein.
      Custodian shall not be liable for any action or non-action by it in reliance
      on
      advice of counsel believed by it in good faith to be competent to give such
      advice. Custodian may rely and shall be protected in acting upon any written
      notice, order, request, direction or other document believed by it to be genuine
      and to have been signed or presented by the proper party or parties. Except
      with
      respect to the willful misconduct of the Custodian, neither the Custodian nor
      its directors, officers and agents shall be held liable for any indirect or
      consequential damages resulting from any action taken or omitted to be taken
      by
      it or them under or in connection with this Agreement, even if advised of the
      possibility of such damages. The provisions of this Section 5.6 shall survive
      the termination of this Agreement.

     

    Section
      5.7.  Indemnification.
      Servicer agrees to indemnify Custodian against, and to hold it harmless from,
      any liabilities, and any related out-of-pocket expenses, which it may incur
      in
      connection with this Agreement, the Sale and Servicing Agreement, the Purchase
      Agreement or the Custodian Certifications, other than any liabilities and
      expenses arising out of Custodian's negligence or willful misconduct. The
      Custodian agrees to indemnify, defend and hold harmless the Indenture Trustee
      against any liability to Noteholders or Certificateholder arising out of the
      negligence or willful misconduct of the Custodian (a) in the preparation or
      execution of any Custodian Certification or (b) resulting in the loss of
      Receivable Files in the custody of the Custodian. This indemnity shall include
      indemnification as to reasonable attorneys' fees and costs, whether or not
      suit
      be brought, and including such fees and costs on appeal. The Indenture Trustee
      shall give prompt written notice to Custodian of any claim for which indemnity
      is or may be sought and shall afford to Custodian the opportunity to defend
      such
      claim.

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    Section
      5.8.  Further
      Rights of Custodian.
      

     

    (a)   If
      Custodian is at any time uncertain of its obligations hereunder, Custodian,
      upon
      prior written notice to the Indenture Trustee, the Issuing Entity, the
      Originator, the Depositor and the Servicer, may refrain from taking any action
      with respect to such matter until such uncertainty is removed. If conflicting
      demands are made on Custodian with respect to any matter, the Indenture
      Trustee's demand shall control, except during the period prior to the issuance
      of the Trustee's Custodian Certification pursuant to Section 3.1 hereof,
      when the applicable Receivables Holder's demand shall control and Custodian
      shall have the right to rely on such controlling demand. Custodian shall have
      the right in any such case to interplead any or all of the documents contained
      in the Receivable Files in a court of competent jurisdiction and, upon delivery
      thereof, shall have no further obligations thereunder with respect to such
      documents.

     

    (b)  The
      obligations of Custodian shall be determined solely by the express provisions
      of
      this Agreement. No representation, warranty, covenant or obligation of Custodian
      shall be implied with respect to this Agreement or Custodian's service
      hereunder. Without limiting the generality of the foregoing statement, except
      as
      specifically required herein, Custodian shall be under no obligation to inspect,
      review or examine the Receivable Files to determine that the contents thereof
      are complete, genuine, enforceable or appropriate for the represented purpose
      or
      that they have been actually recorded or filed in required offices or that
      they
      are other than what they purport to be on their face.

     

    (c)  No
      provision of this Agreement shall require Custodian to spend or risk its own
      funds or otherwise incur financial liability in performance of its duties under
      this Agreement unless, pursuant to Section 5.2 hereof, adequate provision
      has been made for the reimbursement of Custodian's expenses
      hereunder.

     

     

     

    ARTICLE
      VI

     

    MISCELLANEOUS
      PROVISIONS

     

    Section
      6.1.  Amendment.
      This
      Agreement may be amended from time to time by Custodian, the Originator, the
      Depositor, the Servicer, the Issuing Entity and the Indenture Trustee by written
      agreement signed by such parties and upon satisfaction of the Rating Agency
      Condition.

     

    Section
      6.2.  Governing
      Law.
      THIS
      AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF
      THE
      STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS (OTHER
      THAN SECTION 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS OF LAW), AND THE
      OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED
      IN
      ACCORDANCE WITH SUCH LAWS.

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    Section
      6.3.  Notices.
      All
      demands, notices and communication hereunder shall be in writing and shall
      be
      deemed to have been duly given if personally delivered at or mailed by overnight
      mail, certified mail return receipt requested, postage prepaid, to (i) in
      the case of the Servicer and the Originator, Caterpillar Financial Services
      Corporation, 2120 West End Avenue, Nashville, Tennessee 37203-0001, (ii) in
      the case of the Depositor, Caterpillar Financial Funding Corporation, 4040
      S.
      Eastern Avenue, Suite 344, Las Vegas, Nevada 89119, (iii) in the case of
      the Issuing Entity, c/o Chase Bank USA, National Association, as Owner Trustee,
      c/o JPMorgan Chase, N.A., 500 Stanton Christiana Road, OPS4, 3rd Floor, Newark,
      Delaware 19713, with a copy to the Administrator, Caterpillar Financial Services
      Corporation, 2120 West End Avenue, Nashville, Tennessee 37203-0001, (iv) in
      the case of the Indenture Trustee, U.S. Bank National Association, 209 South
      LaSalle Street, Suite 300, Chicago, Illinois 60604, (v) in the case of the
      Custodian, U.S. Bank National Association, 209 South LaSalle Street, Suite
      300,
      Chicago, Illinois 60604, and (vi) in the case of the Rating Agencies, at their
      respective addresses set forth in the Sale and Servicing Agreement, and, in
      each
      such case, at such other addresses as may hereafter be furnished to each party
      hereto in writing.

     

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

     

    Section
      6.5.  No
      Partnership.
      Nothing
      herein contained shall be deemed or construed to create a co-partnership or
      joint venture between Custodian and the other parties hereto.

     

    Section
      6.6.  Termination
      of Agreement.
      This
      Agreement shall be terminated upon termination of the Sale and Servicing
      Agreement or at the option of Indenture Trustee on 30 days written notice to
      Custodian, the Servicer, the Depositor, the Issuing Entity and the Originator.
      Concurrently with, or as soon as practicable after, the termination of this
      Agreement, Custodian shall redeliver the Receivable Files to the Indenture
      Trustee at such place as the Indenture Trustee may reasonably designate and
      until such redelivery, Custodian shall hold such Receivable Files in its sole
      custody and control as custodian for and bailee of the Indenture Trustee. In
      connection with the administration of this Agreement, Custodian and the
      Indenture Trustee may agree from time to time upon the interpretation of the
      provisions of this Agreement, as such interpretation may in their opinion be
      consistent with the general tenor and purposes of this Agreement, any such
      interpretation to be signed and annexed hereto.

     

    Section
      6.7.  Counterparts.
      This
      Agreement may be executed simultaneously in any number of counterparts, each
      of
      which counterparts shall be deemed to be an original, and such counterparts
      shall constitute but one and the same instrument.

     

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    Section
      6.8.  Assignment.
      No
      party hereto shall sell, pledge, assign or otherwise transfer this Agreement
      without the prior written consent of the other parties hereto and satisfaction
      of the Rating Agency Condition.

     

    Section
      6.9.  Headings.
      Section
      headings are for reference purposes only and shall not be construed as a part
      of
      this Agreement.

     

    Section
      6.10.  Advice
      of Counsel.
      Custodian shall be entitled to rely and act upon advice of counsel with respect
      to its performance hereunder as Custodian and shall be without liability for
      any
      action reasonably taken pursuant to such advice, provided that such action
      is
      not in violation of application federal or state law. This paragraph shall
      not
      negate Custodian's obligations under Section 5.7.

     

    Section
      6.11.  No
      Petition.
      Custodian, by entering into this Agreement, hereby covenants and agrees that
      it
      will not at any time (whether or not this Agreement has been terminated)
      institute against the Depositor or the Issuing Entity, or join in any
      institution against the Depositor or the Issuing Entity of, any bankruptcy,
      reorganization, arrangement, insolvency or liquidation proceedings, or other
      proceedings under any United States federal or state bankruptcy or similar
      law.

     

    Section
      6.12.  Resignation
      of Custodian.
      

     

    (a)   Custodian
      may at any time resign and terminate its obligations under this Agreement upon
      at least 90 days' prior written notice to the Servicer and the Indenture
      Trustee. Custodian may be removed at any time at the written request of the
      Indenture Trustee. In the event of such resignation or removal, the Indenture
      Trustee shall appoint a successor custodian acceptable to the Servicer, which
      appointment must satisfy the Rating Agency Condition. If the Indenture Trustee
      fails to appoint a successor custodian within 30 days, the Servicer shall
      appoint a successor custodian. In no event shall the resignation of Custodian
      be
      effective until a successor custodian is duly appointed hereunder. One original
      counterpart of such instrument of appointment shall be delivered to each of
      the
      Servicer, Custodian and the successor custodian. The Servicer shall notify
      the
      Rating Agencies of any such resignation or removal and the appointment of a
      successor custodian.

     

    (b)  In
      the
      event of any resignation, Custodian shall promptly transfer to the successor
      custodian (or to the Indenture Trustee if no successor custodian has been
      appointed) all of the Receivables (including the Receivable Files) in its
      possession under this Agreement and take such other action as may be requested
      by the Indenture Trustee to effect the transfer of Custodian's Receivable Files
      to the successor custodian, which shall provide a written receipt for all such
      transferred documents and instruments. On completion of such transfer, Custodian
      shall be relieved of all further responsibilities and obligations
      hereunder.

     

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

     

    (a)   Notwithstanding
      anything contained herein to the contrary, in no event shall U.S. Bank National
      Association in its individual capacity have any liability for the
      representations, warranties, covenants, agreements or other obligations of
      the
      Issuing Entity 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 Issuing Entity.

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    (b)  Notwithstanding
      anything contained herein to the contrary, this instrument has been
      countersigned by Chase Bank USA, National Association, not in its individual
      capacity but solely as Owner Trustee, and in no event shall Chase Bank USA,
      National Association have any liability for the representations, warranties,
      covenants, agreements or other obligations of the Issuing Entity 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 Issuing Entity.
      For all purposes of this Agreement, in the performance of any duties or
      obligations of the Issuing Entity hereunder, the Owner Trustee shall be subject
      to, and entitled to the benefits of, the terms and provisions of
      Article VI, VII and VIII of the Trust Agreement.

     

      

     

    ARTICLE
      VII

     

    REGULATION
      AB COMPLIANCE

     

    Section
      7.1.  Additional
      Representations and Warranties of Custodian.
      

     

    (a)  
      Custodian shall be deemed to represent and warrant as of the date hereof and
      on
      each date on which information is provided under Section 7.2 that, except
      as disclosed in writing to the Servicer prior to such date: (i) there are no
      aspects of its financial condition that could have a material adverse effect
      on
      the performance by it of its Custodian obligations under this Agreement; (ii)
      there are no legal or governmental proceedings pending (or known to be
      contemplated) against it that would be material to holders of the Notes; and
      (iii) there are no affiliations, relationships or transactions relating to
      Custodian with respect to any Transaction Party (other than the Indenture
      Trustee if Custodian is also the Indenture Trustee) required to be disclosed
      under Item 1119 of Regulation AB. The Servicer shall notify Custodian of any
      change in the identity of a Transaction Party known to it after the Closing
      Date. 

     

    (b)  
      If so
      requested by the Servicer or the Depositor on any date following the Closing
      Date, Custodian shall, within five Business Days following such request, confirm
      in writing the accuracy of the representations and warranties set forth in
      paragraph (b) of this Section or, if any such representation and warranty is
      not
      accurate as of the date of such confirmation, provide reasonably adequate
      disclosure of the pertinent facts, in writing, to the requesting party. Any
      such
      request from the Servicer or the Depositor shall not be made more than once
      each
      calendar quarter, unless such party shall have a reasonable basis for a
      determination that any of the representations and warranties may not be
      accurate.

     

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    Section
      7.2.  Additional
      Representations and Warranties of Custodian
      . For
      the purpose of satisfying the Depositor's reporting obligation under the
      Exchange Act with respect to any class of Notes, Custodian shall (a) notify
      the
      Servicer in writing of any material litigation or governmental proceedings
      pending or known to be contemplated against Custodian that would be material
      to
      Noteholders, and (b) provide to the Servicer a written description of such
      proceedings. As of the date the Servicer files each Report on Form 10-D or
      Form
      10-K with respect to the Notes, Custodian will be deemed to represent that
      any
      information previously provided under this Article VII is materially correct
      and
      does not have any material omissions unless Custodian has provided an update
      to
      such information. The Servicer, the Issuing Entity and the Depositor will allow
      Custodian to review any disclosure relating to material litigation against
      Custodian prior to filing such disclosure with the Commission to the extent
      the
      Servicer, the Issuing Entity or the Depositor changes the information provided
      by Custodian.

     

    Section
      7.3.  Report
      on Assessment of Compliance and Attestation 

     

    On
      or
      before March 15 of each calendar year in which a Form 10-K is required to be
      filed in connection with the Notes, Custodian shall:

    

    (a)  
      deliver
      to the Servicer a report (in form and substance reasonably satisfactory to
      the
      Servicer) regarding Custodian's assessment of compliance with the applicable
      Servicing Criteria during the immediately preceding calendar year, as required
      under Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation
      AB. Such report shall (i) be addressed to the Servicer, the Issuing Entity
      and
      the Depositor, (ii) signed by an authorized officer of Custodian and (iii)
      address each of the Servicing Criteria specified on Exhibit D; and

     

    (b)  
      deliver
      to the Servicer a report of a nationally recognized registered public accounting
      firm that satisfies the requirements of Rule 2-01 of Regulation S-X under the
      Securities Act and the Exchange Act that attests to, and reports on, the
      assessment of compliance made by Custodian and delivered pursuant to the
      preceding paragraph. Such attestation shall be in accordance with Rules
      1-02(a)(3) and 2-02(g) of Regulation S-X under the Securities Act and the
      Exchange Act.

     

    Section
      7.4.  Indemnification
      By Custodian.
      Custodian shall indemnify the Originator, the Servicer, the Depositor, the
      Issuing Entity and each affiliate of such parties and each Person who controls
      any of such parties (within the meaning of Section 15 of the Securities Act
      and
      Section 20 of the Exchange Act), and the respective present and former
      directors, officers, employees and agents of each of the foregoing, and shall
      hold each of them harmless from and against any losses, damages, penalties,
      fines, forfeitures, legal fees and expenses and related costs, judgments, and
      any other costs, fees and expenses that any of them may sustain arising out
      of
      or based upon:

     

    (a)  
      (i) any
      untrue statement of a material fact contained or alleged to be contained in
      any
      information, report, certification, accountants' attestation or other material
      provided under this Article VII by or on behalf of Custodian (collectively,
      the
      "Custodian Information"), or (ii) the omission or alleged omission to state
      in
      the Custodian Information a material fact required to be stated in the Custodian
      Information or necessary in order to make the statements therein, in the light
      of the circumstances under which they were made, not misleading; provided,
      by
      way of clarification, that clause (ii) of this paragraph shall be construed
      solely by reference to the Custodian Information and not to any other
      information communicated in connection with a sale or purchase of securities,
      without regard to whether the Custodian Information or any portion thereof
      is
      presented together with or separately from such other information;
      or

     

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    (b)  
      any
      failure by Custodian to deliver any information, report, certification, or
      other
      material when and as required under this Article VII, other than a failure
      by
      Custodian to deliver the accountants’ attestation.

     

    (c)  
      In the
      case of any failure of performance described in clause (b) of this Section,
      other than a failure to deliver an accountants' attestation, Custodian shall
      promptly reimburse the Servicer, the Issuing Entity, and the Depositor, as
      applicable, and each Person responsible for the preparation, execution or filing
      of any report required to be filed with the Commission with respect to the
      Notes, or for execution of a certification pursuant to Rule 13a-14(d) or Rule
      15d-14(d) under the Exchange Act with respect to the Notes, for all costs
      reasonably incurred by each such party in order to obtain the information,
      report, certification or other material not delivered as required by
      Custodian.

     

    Section
      7.5.   Indemnification
      of Custodian.
      The
      Issuing Entity, the Originator, the Servicer and the Depositor shall indemnify
      Custodian, each affiliate of Custodian and the respective present and former
      directors, officers, employees and agents of Custodian, and shall hold each
      of
      them harmless from and against any losses, damages, penalties, fines,
      forfeitures, legal fees and expenses and related costs, judgments, and any
      other
      costs, fees and expenses that any of them may sustain arising out of or based
      upon (i) any untrue statement of a material fact contained or alleged to be
      contained in any information provided under this Agreement by or on behalf
      of
      the Issuing Entity or the Depositor for inclusion in any report filed with
      the
      Commission under the Exchange Act (collectively, the “Depositor Information”),
      or (ii) the omission or alleged omission to state in the Depositor Information
      a
      material fact required to be stated in the Depositor Information or necessary
      in
      order to make the statements therein, in the light of the circumstances under
      which they were made, not misleading; provided, that clause (ii) of this
      paragraph shall be construed solely by reference to the Depositor Information
      and not to any other information communicated in connection with the sale or
      purchase of securities, without regard to whether the Depositor Information
      or
      any portion thereof is presented together with or separately form such other
      information; provided, however, that the Issuing Entity may provide
      indemnification hereunder only after payments required under
      Sections 5.04(b)(i) through 5.04(b)(ix) of the Sale and Servicing Agreement
      have been paid.

     

    [Signature
      Pages Follow]

     

    

    
      
        
           

        

         

      

      
        15

        
          

        

      

      
         

        
          

        

      

    

    IN
      WITNESS WHEREOF, the parties hereto have caused their names to be signed hereto
      by their respective officers thereunto duly authorized, all as of the date
      first
      above written.

     

    ORIGINATOR

    

    CATERPILLAR
      FINANCIAL SERVICES 

    CORPORATION

    

    

    

    By:  /s/
      James A. Duensing 

    Name: James
      A.
      Duensing

                                                                                                           
      Title: Treasurer

     

    SERVICER

    

    CATERPILLAR
      FINANCIAL SERVICES 

    CORPORATION,
      as Servicer

    

    

    

    By:  /s/
      James A. Duensing 

    Name: James
      A.
      Duensing

                                                                                                           
      Title: Treasurer

     

    DEPOSITOR

    

    CATERPILLAR
      FINANCIAL FUNDING 

    CORPORATION,
      as Depositor

    

    

    

    By:  /s/
      James A. Duensing 

    Name: James
      A.
      Duensing

                                                                                                           
      Title: Treasurer

     

    
      
        Custodial
          Agreement

         

         

      

      
         

        
          

        

      

      
         

      

    

    ISSUING
      ENTITY

    

    CATERPILLAR
      FINANCIAL ASSET TRUST 2006-A

    

    
      	 	
              By:

            	
              CHASE
                BANK USA, NATIONAL ASSOCIATION, not in its individual capacity but
                solely
                as Owner Trustee under the Trust
                Agreement

            

    

    

    

    

    By:  /s/
      Diane P. Ledger 

    Name: Diane
      P.
      Ledger

                                                                                                           
      Title: Assistant
      Vice President

     

    INDENTURE
      TRUSTEE

    

    U.S.
      BANK
      NATIONAL ASSOCIATION, 

    as
      Indenture Trustee

    

    

    

    By:
      /s/
      Melissa A. Rosal

    Name: Melissa
      A. Rosal

                                                                                                           
      Title: Vice
      President

     

    CUSTODIAN

    

    U.S.
      BANK
      NATIONAL ASSOCIATION, 

    as
      Custodian

    

    

    

    By: /s/
      Melissa A. Rosal 

    Name: Melissa
      A. Rosal

                                                                                                           
      Title: Vice
      President

     

    

     

    

    
      
        
          Custodial
            Agreement

           

        

         

      

      
         

        
          

        

      

      
         

        
          

        

      

    

    EXHIBIT
      A  

     

    CUSTODIAN
      CERTIFICATION

     

    Certification
      No._____

     

    [DATE]

     

    
      	
              To:

            	
              [DEPOSITOR]

              [ISSUING
                ENTITY]

              
                [INDENTURE
                  TRUSTEE]

              

            

    

     

    
      	 	
              Re:

            	
              Custodial
                Agreement, dated as of June 1, 2006 (the "Custodial
                Agreement"),
                by and among Caterpillar Financial Services Corporation (the
                "Originator"), Caterpillar Financial Services Corporation, as Servicer
                (the "Servicer"), Caterpillar Financial Funding Corporation (the
                "Depositor"), Caterpillar Financial Asset Trust 2006-A (the "Issuing
                Entity"), U.S. Bank National Association, as Indenture Trustee (the
                "Indenture Trustee") and U.S. Bank National Association, as Custodian
                (the
                "Custodian")

            

    

     

    Gentlemen:

     

    [In
      accordance with the provisions of Section 4.1
      of the
      above-referenced Custodial Agreement, Custodian hereby certifies (i) that it
      has
      received the Receivable Files delivered to it by the Originator, and (ii) that
      as to each Receivable, Custodian holds such Receivable and the other documents
      in the related Receivable File in its name as custodian solely on behalf of
      and
      for the benefit of [the Depositor] [the Issuing Entity] [the Indenture Trustee],
      without written notice (a) of any adverse claims, liens or encumbrances, (b)
      that any Receivable was overdue or has been dishonored, (c) of evidence on
      the
      face of any Receivable or other document in the Receivable File of any security
      interest therein, or (d) of any defense against or claim to the Receivable
      by
      any other party.] [In accordance with the provisions of Section 4.1
      of the
      above-referenced Custodial Agreement, Custodian hereby certifies that it has
      received all of the Receivable Files identified on the Receivable Schedule
      (the
      "Receivable Schedule") attached hereto dated as of [June 1, 2006]. The
      undersigned, as Custodian, confirms that the Receivable number in each
      Receivable File conforms to the respective Receivable number listed on the
      Receivable Schedule.] Capitalized terms used herein without definition shall
      have the meanings ascribed to them in the Custodial Agreement.

     

    Custodian
      makes no representations or warranties as to the validity, legality,
      sufficiency, enforceability, genuineness or prior recorded status of any of
      the
      documents contained in each Receivable File or the collectability, insurability,
      effectiveness or suitability of any Receivable.

     

    
      
         

      

      
        A-1

        
          

        

      

      
         

      

    

    [Upon
      repurchase of the Receivables to which this Custodian Certification relates
      and
      payment of the applicable repurchase price, the Receivables to which this
      Custodian Certification relates shall be returned and released by Custodian
      to
      the Person paying such repurchase price, and this Custodian Certification shall
      be and be deemed to be canceled by Custodian and of no force and
      effect.]

     

    __________________________________________

    as
      Custodian

    

    

    

    By_______________________________________

         Name:

         Title:

     

    

    
      
        
           

        

         

      

      
        A-2

        
          

        

      

      
         

        
          

        

      

    

    EXHIBIT
      B  

     

    REQUEST
      FOR RELEASE OF DOCUMENTS

     

    [DATE]

     

    
      	
              To:

            	
              [Custodian]

            

    

     

    
      	 	
              Re:

            	
              Custodial
                Agreement, dated as of June 1, 2006, by and among Caterpillar Financial
                Services Corporation (the "Originator"), Caterpillar Financial Services
                Corporation, as Servicer (the "Servicer"), Caterpillar Financial
                Funding
                Corporation (the "Depositor"), Caterpillar Financial Asset Trust
                2006-A
                (the "Issuing Entity"), U.S. Bank National Association, as Indenture
                Trustee (the "Indenture Trustee") and U.S. Bank National Association,
                as
                Custodian ("Custodian")

            

    

     

    In
      connection with the administration of the Receivables held by you as Custodian
      under the above-referenced Custodial Agreement, [_________], on behalf of
      [________], requests the release, and acknowledges receipt, of the following
      for
      the Receivable described below, for the reason indicated:

     

    A. Documents
      Released

     

    _____
      1a. Installment
      Sale Contract or Lease b. Principal
      Balance ______

     

    _____
      2. Other
      documents:_______________________________

                                                    
      _______________________________

                                                    
      _______________________________

                                                    
      _______________________________

     

    B. Obligor's
      Name, Address & Zip Code:

     

    C. Receivable
      Number:

     

    D. Reason
      for Requesting Documents
      (check
      one)

     

    _____
      1. Receivable
      Paid in Full or Payment to be Escrowed in Connection with Payment in
      Full.

     

    _____
      2. Receivable
      Repurchased Pursuant to the Purchase Agreement or the Sale and Servicing
      Agreement.

     

    _____
      3. Receivable
      Liquidated.

     

    _____
      4. Receivable
      in Foreclosure or Repossession Proceedings.

     

    _____
      5. Receivable
      to be modified or extended.

     

    If
      box 1,
      2 or 3 above is checked, and if all or part of Receivable File was previously
      released to us, please release to us our previous receipt on file with you,
      as
      well as any additional documents in your possession relating to the above
      specified Receivable.

     

    
      
         

      

      
        B-1

        
          

        

      

      
         

      

    

    If
      box 4
      or 5 above is checked, upon our return of all of the above documents to you
      as
      Custodian, please acknowledge your receipt by signing in the space indicated
      below, and returning this form.

     

    If
      box 5
      above is checked, after giving effect to such release, the aggregate Principal
      Balance of all Receivables released in connection with modifications and
      extensions shall not exceed $[__________]. In addition, upon return of the
      Receivable File, we are deemed to certify that the Receivable File as returned
      contains the related Receivable as so modified and extended.

     

    If
      box 1,
      2 or 3 above is checked, this request is only valid if also executed by the
      Depositor and the Indenture Trustee.

     

    Documents
      released hereby in connection with a modification or extension must be returned
      to the Custodian on the same Business Day of release.

     

    CATERPILLAR
      FINANCIAL SERVICES 

    CORPORATION,
      as Servicer

    

    

    By ___________________________________

         
Name:

                                                                                                                  Title:

                                                                                                                 
      Date:

     

    [_______________________________________]

    

    

    By
      ____________________________________

          
Name:

           Title:

           Date:

    Documents
      returned to Custodian:

    

    ____________________________

    as
      Custodian

    

    By_______________________________

    Name:

    Title:

    Date:

    
      
         

      

      
        B-2

        
          

        

      

      
         

      

    

    ANNEX
      1

     

    Authorized
      Representatives of Servicer

     

    

    
      
        
           

        

         

      

      
        B-3

        
          

        

      

      
         

        
          

        

      

    

    EXHIBIT
      C  

     

    TRANSFER
      CERTIFICATE

     

    
      	
              U.S.
                Bank National Association,

              as
                Custodian under the

              Custodial
                Agreement (defined below)

              209
                South LaSalle Street, Suite 300,

              Chicago,
                Illinois 60604

            	
              [DATE]

               

            

    

    
      	 	
              Re:

            	
              Custodial
                Agreement, dated as of June 1, 2006 (the "Custodial Agreement"),
                by and
                among Caterpillar Financial Services Corporation (the "Originator"),
                Caterpillar Financial Services Corporation, as Servicer (the "Servicer"),
                Caterpillar Financial Funding Corporation (the "Depositor"), Caterpillar
                Financial Asset Trust 2006-A (the "Issuing Entity"), U.S. Bank National
                Association, as Indenture Trustee (the "Indenture Trustee") and U.S.
                Bank
                National Association, as Custodian
                ("Custodian")

            

    

    

    To
      whom
      it may concern:

     

    Pursuant
      to Sections 3.1 and  4.1 of the above-referenced Custodial Agreement
      (capitalized terms used herein but not otherwise defined shall have the same
      meanings assigned to such terms in the Custodial Agreement), we hereby advise
      you of the Transfer by the undersigned to [the Depositor][the Issuing
      Entity][the Indenture Trustee] of the Receivables identified on the Receivable
      Schedule[s] attached [hereto] [to the [Depositor's Custodian Certification]
      [Issuing Entity's Custodian Certification] with respect to the undersigned
      which
      we are delivering to you for cancellation]. You are instructed to hold such
      Receivables and the related Receivable Files on behalf of and for the benefit
      of
      [the Depositor] [the Issuing Entity] [the Indenture Trustee] and to deliver
      to
      [the Depositor][the Issuing Entity][the Indenture Trustee] a [Depositor's]
      [Issuing Entity's] [Trustee's] Custodian Certification acknowledging that you
      hold such Receivables and the related Receivable Files on behalf of and for
      the
      benefit of such recipient.

     

    Very
      truly yours,

    

    By
      ________________________________________

          
Name:

          
Title:

     

    The
      Custodian hereby acknowledges receipt of the foregoing instructions and agrees
      to hold such Receivables and the related Receivable Files solely on behalf
      of
      and for the benefit of [the Depositor] [the Issuing Entity] [the Indenture
      Trustee] pursuant to the Custodial Agreement.

     

    U.S.
      BANK
      NATIONAL ASSOCIATION

    

    By:
      ________________________________

    Name:

    Title:

    

    

    
      
        
           

        

         

      

      
        C-1

        
          

        

      

      
         

        
          

        

      

    

    EXHIBIT
      D

     

    APPLICABLE
      SERVICING CRITERIA

     

    The
      assessment of compliance to be delivered by the Custodian shall address, at
      a
      minimum, the criteria identified as below as "Applicable Servicing
      Criteria":

    

    
      	
              Servicing
                Criteria 

            	
              Applicable
                Servicing Criteria

            
	
              Reference

            	
              Criteria

            	
               

            
	
               

            	
              General
                Servicing Considerations

            	
               

            
	
              1122(d)(1)(i)

            	
              Policies
                and procedures are instituted to monitor any performance or other
                triggers
                and events of default in accordance with the transaction
                agreements.

            	 
	
              1122(d)(1)(ii)

            	
              If
                any material servicing activities are outsourced to third parties,
                policies and procedures are instituted to monitor the third party's
                performance and compliance with such servicing activities.

            	 
	
              1122(d)(1)(iii)

            	
              Any
                requirements in the transaction agreements to maintain a back-up
                servicer
                for the pool assets are maintained.

            	 
	
              1122(d)(1)(iv)

            	
              A
                fidelity bond and errors and omissions policy is in effect on the
                party
                participating in the servicing function throughout the reporting
                period in
                the amount of coverage required by and otherwise in accordance with
                the
                terms of the transaction agreements.

            	 
	
               

            	
              Cash
                Collection and Administration

            	 
	
              1122(d)(2)(i)

            	
              Payments
                on pool assets are deposited into the appropriate custodial bank
                accounts
                and related bank clearing accounts no more than two business days
                following receipt, or such other number of days specified in the
                transaction agreements.

            	 
	
              1122(d)(2)(ii)

            	
              Disbursements
                made via wire transfer on behalf of an obligor or to an investor
                are made
                only by authorized personnel.

            	 
	
              1122(d)(2)(iii)

            	
              Advances
                of funds or guarantees regarding collections, cash flows or distributions,
                and any interest or other fees charged for such advances, are made,
                reviewed and approved as specified in the transaction
                agreements.

            	 
	
              1122(d)(2)(iv)

            	
              The
                related accounts for the transaction, such as cash reserve accounts
                or
                accounts established as a form of overcollateralization, are separately
                maintained (e.g., with respect to commingling of cash) as set forth
                in the
                transaction agreements.

            	 
	
              1122(d)(2)(v)

            	
              Each
                custodial account is maintained at a federally insured depository
                institution as set forth in the transaction agreements. For purposes
                of
                this criterion, "federally insured depository institution" with respect
                to
                a foreign financial institution means a foreign financial institution
                that
                meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange
                Act.

            	 
	
              1122(d)(2)(vi)

            	
              Unissued
                checks are safeguarded so as to prevent unauthorized
                access.

            	 
	
              1122(d)(2)(vii)

            	
              Reconciliations
                are prepared on a monthly basis for all asset-backed securities related
                bank accounts, including custodial accounts and related bank clearing
                accounts. These reconciliations are (A) mathematically accurate;
                (B)
                prepared within 30 calendar days after the bank statement cutoff
                date, or
                such other number of days specified in the transaction agreements;
                (C)
                reviewed and approved by someone other than the person who prepared
                the
                reconciliation; and (D) contain explanations for reconciling items.
                These
                reconciling items are resolved within 90 calendar days of their original
                identification, or such other number of days specified in the transaction
                agreements.

            	 
	
               

            	
              Investor
                Remittances and Reporting

            	 
	
              1122(d)(3)(i)

            	
              Reports
                to investors, including those to be filed with the Commission, are
                maintained in accordance with the transaction agreements and applicable
                Commission requirements. Specifically, such reports (A) are prepared
                in
                accordance with timeframes and other terms set forth in the transaction
                agreements; (B) provide information calculated in accordance with
                the
                terms specified in the transaction agreements; (C) are filed with
                the
                Commission as required by its rules and regulations; and (D) agree
                with
                investors' or the trustee's records as to the total unpaid principal
                balance and number of pool assets serviced by the
                Servicer.

            	 
	
              1122(d)(3)(ii)

            	
              Amounts
                due to investors are allocated and remitted in accordance with timeframes,
                distribution priority and other terms set forth in the transaction
                agreements.

            	 
	
              1122(d)(3)(iii)

            	
              Disbursements
                made to an investor are posted within two business days to the Servicer's
                investor records, or such other number of days specified in the
                transaction agreements.

            	 
	
              1122(d)(3)(iv)

            	
              Amounts
                remitted to investors per the investor reports agree with cancelled
                checks, or other form of payment, or custodial bank
                statements.

            	 
	
               

            	
              Pool
                Asset Administration

            	 
	
              1122(d)(4)(i)

            	
              Collateral
                or security on pool assets is maintained as required by the transaction
                agreements or related asset pool documents.

            	
              ü

            
	
              1122(d)(4)(ii)

            	
              Pool
                asset and related documents are safeguarded as required by the transaction
                agreements

            	
              ü

            
	
              1122(d)(4)(iii)

            	
              Any
                additions, removals or substitutions to the asset pool are made,
                reviewed
                and approved in accordance with any conditions or requirements in
                the
                transaction agreements.

            	 
	
              1122(d)(4)(iv)

            	
              Payments
                on pool assets, including any payoffs, made in accordance with the
                related
                pool asset documents are posted to the Servicer's obligor records
                maintained no more than two business days after receipt, or such
                other
                number of days specified in the transaction agreements, and allocated
                to
                principal, interest or other items (e.g., escrow) in accordance with
                the
                related asset pool documents.

            	 
	
              1122(d)(4)(v)

            	
              The
                Servicer's records regarding the pool assets agree with the Servicer's
                records with respect to an obligor's unpaid principal
                balance.

            	 
	
              1122(d)(4)(vi)

            	
              Changes
                with respect to the terms or status of an obligor's pool asset (e.g.,
                loan
                modifications or re-agings) are made, reviewed and approved by authorized
                personnel in accordance with the transaction agreements and related
                pool
                asset documents.

            	 
	
              1122(d)(4)(vii)

            	
              Loss
                mitigation or recovery actions (e.g., forbearance plans, modifications
                and
                deeds in lieu of foreclosure, foreclosures and repossessions, as
                applicable) are initiated, conducted and concluded in accordance
                with the
                timeframes or other requirements established by the transaction
                agreements.

            	 
	
              1122(d)(4)(viii)

            	
              Records
                documenting collection efforts are maintained during the period a
                pool
                asset is delinquent in accordance with the transaction agreements.
                Such
                records are maintained on at least a monthly basis, or such other
                period
                specified in the transaction agreements, and describe the entity's
                activities in monitoring delinquent pool assets including, for example,
                phone calls, letters and payment rescheduling plans in cases where
                delinquency is deemed temporary (e.g., illness or
                unemployment).

            	 
	
              1122(d)(4)(ix)

            	
              Adjustments
                to interest rates or rates of return for pool assets with variable
                rates
                are computed based on the related pool asset documents.

            	 
	
              1122(d)(4)(x)

            	
              Regarding
                any funds held in trust for an obligor (such as escrow accounts):
                (A) such
                funds are analyzed, in accordance with the obligor's pool asset documents,
                on at least an annual basis, or such other period specified in the
                transaction agreements; (B) interest on such funds is paid, or credited,
                to obligors in accordance with applicable pool asset documents and
                state
                laws; and (C) such funds are returned to the obligor within 30 calendar
                days of full repayment of the related pool assets, or such other
                number of
                days specified in the transaction agreements.

            	 
	
              1122(d)(4)(xi)

            	
              Payments
                made on behalf of an obligor (such as tax or insurance payments)
                are made
                on or before the related penalty or expiration dates, as indicated
                on the
                appropriate bills or notices for such payments, provided that such
                support
                has been received by the servicer at least 30 calendar days prior
                to these
                dates, or such other number of days specified in the transaction
                agreements.

            	 
	
              1122(d)(4)(xii)

            	
              Any
                late payment penalties in connection with any payment to be made
                on behalf
                of an obligor are paid from the servicer's funds and not charged
                to the
                obligor, unless the late payment was due to the obligor's error or
                omission.

            	 
	
              1122(d)(4)(xiii)

            	
              Disbursements
                made on behalf of an obligor are posted within two business days
                to the
                obligor's records maintained by the servicer, or such other number
                of days
                specified in the transaction agreements.

            	 
	
              1122(d)(4)(xiv)

            	
              Delinquencies,
                charge-offs and uncollectible accounts are recognized and recorded
                in
                accordance with the transaction agreements.

            	 
	
              1122(d)(4)(xv)

            	
              Any
                external enhancement or other support, identified in Item 1114(a)(1)
                through (3) or Item 1115 of Regulation AB, is maintained as set forth
                in
                the transaction agreements.

            	 

    

    

    

    
      
         

      

      
        D-1

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