Document:

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                         CNH EQUIPMENT TRUST 2000-B

                           NH PURCHASE AGREEMENT

                                  between

                      NEW HOLLAND CREDIT COMPANY, LLC

                                    and

                        CNH CAPITAL RECEIVABLES INC.

                       Dated as of September 1, 2000

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                             TABLE OF CONTENTS
                             -----------------
                                                                            Page
                                                                            ----
ARTICLE I
         Certain Definitions

         SECTION 1.1.  Definitions.............................................2
         SECTION 1.2.  Other Definitional Provisions...........................2

ARTICLE II
         Conveyance of NH Receivables
         SECTION 2.1.  Conveyance of Initial NH Receivables....................3
         SECTION 2.2.  Conveyance of Subsequent NH Receivables.................3
         SECTION 2.3.  Intention of the Parties................................4
         SECTION 2.4.  The Closing.............................................5
         SECTION 2.5.  Payment of the Purchase Price...........................5

ARTICLE III
         Representations and Warranties
         SECTION 3.1.  Representations and Warranties of CNHCR.................6
         SECTION 3.2.  Representations and Warranties of NH Credit.............7

ARTICLE IV
         Conditions
         SECTION 4.1.  Conditions to Obligation of CNHCR......................14
         SECTION 4.2.  Conditions to Obligation of NH Credit..................17

ARTICLE V
         Covenants of NH Credit
         SECTION 5.1.  Protection of Right, Title and Interest. ..............17
         SECTION 5.2.  Other Liens or Interests...............................18
         SECTION 5.3.  Chief Executive Office.................................18
         SECTION 5.4.  Costs and Expenses.....................................18
         SECTION 5.5.  Indemnification........................................18
         SECTION 5.6.  Transfer of Subsequent NH Receivables..................19

ARTICLE VI
         Miscellaneous Provisions
         SECTION 6.1.  Obligations of NH Credit...............................19
         SECTION 6.2.  Repurchase Events......................................19
         SECTION 6.3.  CNHCR Assignment of Repurchased NH Receivables.........19
         SECTION 6.4.  Trust..................................................19
         SECTION 6.5.  Amendment..............................................20
         SECTION 6.6.  Accountants' Letters...................................20

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                             TABLE OF CONTENTS
                                (continued)
                                                                            Page
                                                                            ----
         SECTION 6.7.   Waivers...............................................21
         SECTION 6.8.   Notices...............................................21
         SECTION 6.9.   Costs and Expenses....................................21
         SECTION 6.10.  Representations of NH Credit and CNHCR................21
         SECTION 6.11.  Confidential Information..............................21
         SECTION 6.12.  Headings and Cross-References.........................21
         SECTION 6.13.  Governing Law.........................................21
         SECTION 6.14.  Counterparts..........................................22
         SECTION 6.15.  Severability..........................................22

                                  EXHIBITS

EXHIBIT A                  Form of NH Assignment
EXHIBIT B                  Form of NH Subsequent Transfer Assignment

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         NH PURCHASE AGREEMENT (as amended or supplemented from time to
time, this "Agreement"), dated as of September 1, 2000, between NEW HOLLAND
CREDIT COMPANY, LLC, a Delaware limited liability company ("NH Credit"),
and CNH CAPITAL RECEIVABLES INC., a Delaware corporation ("CNHCR").

                                  RECITALS

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

         WHEREAS, NH Credit and CNHCR wish to set forth the terms pursuant
to which: (1) Contracts having an aggregate Contract Value of approximately
$222,379,803.24 (the "Initial NH Receivables") as of Initial Cutoff Date
and NH Credit's right, title and interest in any True Lease Equipment
related to such Contracts are to be sold by NH Credit to CNHCR on the date
hereof and (2) certain Subsequent NH Receivables and NH Credit's right,
title and interest in any True Lease Equipment related to such Subsequent
NH Receivables are to be sold by NH Credit to CNHCR from time to time on
each Subsequent Transfer Date; and

         WHEREAS, the Initial NH Receivables and the Subsequent NH
Receivables (collectively, the "NH Receivables"), the Case Receivables and
any True Lease Equipment related to such NH Receivables or Case Receivables
will be transferred by CNHCR, pursuant to the Sale and Servicing Agreement,
to CNH Equipment Trust 2000-B (the "Trust"), which Trust will issue 7.14%
Asset Backed Certificates representing fractional undivided interests in,
and 6.66% Class A-1 Asset Backed Notes, 6.87% Class A-2 Asset Backed Notes,
6.88% Class A-3 Asset Backed Notes, 6.95% Class A-4 Asset Backed Notes and
7.14% Class B Asset Backed Notes collateralized by, the Receivables and the
other property of the Trust; and

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

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

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                                 ARTICLE I
                            Certain Definitions

         SECTION 1.1. Definitions. Capitalized terms used herein and not
otherwise defined herein are defined in Appendix A to the Indenture, dated
as of the date hereof, between CNH Equipment Trust 2000-B and Bank One,
National Association.

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

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

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

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

                                 ARTICLE II
                        Conveyance of NH Receivables

         SECTION 2.1. Conveyance of Initial NH Receivables. In
consideration of CNHCR's payment of $222,379,803.24 (the "Initial NH
Purchase Price") in the manner set out in Section 2.5(a), NH Credit does
hereby sell, transfer, assign, set over and otherwise convey to CNHCR,
without recourse (subject to the obligations herein), all of its right,
title, interest and, with respect to any Contracts that are Leases,
obligations in, to and under (collectively, the "Initial NH Assets"):

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

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

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

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

                  (v) any Financed Equipment that shall have secured the
         Initial NH Receivables and that shall have been acquired by or on
         behalf of CNHCR;

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

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

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

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

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

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

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

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

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

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

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

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

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

         SECTION 2.5.  Payment of the Purchase Price.

         (a) Initial NH Receivables. The Initial NH Purchase Price is payable as
$222,379,803.24 in cash on the Closing Date.

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

                                ARTICLE III
                       Representations and Warranties

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

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

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

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

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

                  (e) No Violation. The consummation of the transactions
         contemplated by this Agreement and the fulfillment of the terms
         hereof do not conflict with, result in any breach of any of the
         terms and provisions of, or constitute (with or without notice or
         lapse of time) a default under, the certificate of incorporation
         or by-laws of CNHCR, or any indenture, agreement or other
         instrument to which CNHCR is a party or by which it is bound; or
         result in the creation or imposition of any Lien upon any of its
         properties pursuant to the terms of any such indenture, agreement
         or other instrument (other than the Sale and Servicing Agreement
         and the Indenture); or violate any law or, to the best of CNHCR's
         knowledge, any order, rule or regulation applicable to CNHCR of
         any court or of any Federal or State regulatory body,
         administrative agency or other governmental instrumentality having
         jurisdiction over CNHCR or its properties.

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

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

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

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

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

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

                  (v) No Violation. The consummation of the transactions
         contemplated by this Agreement and the fulfillment of the terms
         hereof do not conflict with, result in any breach of any of the
         terms and provisions of, or constitute (with or without notice or
         lapse of time) a default under, the certificate of formation or
         limited liability company agreement of NH Credit, or any
         indenture, agreement or other instrument to which NH Credit is a
         party or by which it is bound; or result in the creation or
         imposition of any Lien upon any of its properties pursuant to the
         terms of any such indenture, agreement or other instrument (other
         than this Agreement); or violate any law

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         or, to the best of NH Credit's knowledge, any order, rule or
         regulation applicable to NH Credit of any court or of any Federal
         or State regulatory body, administrative agency or other
         governmental instrumentality having jurisdiction over NH Credit or
         its properties.

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

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

                  (i) Characteristics of NH Receivables. Each NH
         Receivable: (A) (1) (i) was originated in the United States of
         America by a Dealer in connection with the retail sale or lease of
         Financed Equipment in the ordinary course of such Dealer's
         business, and (ii) was purchased by NH Credit from a Dealer and
         validly assigned by such Dealer to NH Credit in accordance with
         its terms, or (2) was originated in the United States of America
         by NH Credit in connection with the financing or lease of Financed
         Equipment in the ordinary course of NH Credit's business and, in
         either case, was fully and properly executed by the parties
         thereto, (B) has created a valid, subsisting and enforceable first
         priority security interest in the Financed Equipment in favor of
         NH Credit that, as of the Closing Date, has been assigned by NH
         Credit to CNHCR, by CNHCR to the Issuer and by the Issuer to the
         Indenture Trustee, except that (x) no security interest against
         the Obligor is created in True Lease Equipment, and (y) NH Credit
         makes no representation or warranty as to any such security
         interest granted by any Dealer to secure the Dealer's obligations
         to make payments in respect of Termination Values, (C) contains
         customary and enforceable provisions such that the rights and
         remedies of the holder thereof are adequate for realization

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         against the collateral of the benefits of the security, and (D)
         (i) in the case of Retail Installment Contracts, provides for fixed
         payments on a periodic basis that fully amortize the Amount Financed
         by maturity and yield interest at the Annual Percentage Rate, and
         (ii) in the case of any Contracts sold, or to be sold, hereunder that
         are Leases, provides for fixed payments on a periodic basis that fully
         amortize the Amount Financed by maturity and yield interest at the
         Annual Percentage Rate, except that any Contracts sold, or to be
         sold, hereunder that are Leases also provide for payments of the
         related Termination Values.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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                  (xx)  Chattel Paper. Each NH Receivable constitutes "chattel
         paper" as defined in the UCC of the State the law of which governs the
         perfection of the interest granted in it.

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

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

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

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

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

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

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

                                     12

<PAGE>

                                 ARTICLE IV
                                 Conditions

         SECTION 4.1.  Conditions to Obligation of CNHCR.

         (a) Initial NH Receivables. The obligation of CNHCR to purchase
the Initial NH Receivables is subject to the satisfaction of the following
conditions:

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

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

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

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

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

                                     13

<PAGE>

                  be delivered) a file-stamped copy, or other evidence
                  satisfactory to CNHCR of such filing, to CNHCR on or
                  prior to the Closing Date.

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

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

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

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

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

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

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

                  (v) the Funding Period shall not have terminated;

                  (vi) each of the representations and warranties made by
         NH Credit pursuant to Section 3.2(b) with respect to the
         Subsequent NH Receivables shall be true and correct as of such
         Subsequent Transfer Date, and NH Credit

                                     14

<PAGE>

         shall have performed all obligations to be performed by it hereunder
         on or prior to such Subsequent Transfer Date;

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

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

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

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

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

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

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

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

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

                                     15

<PAGE>

         by it hereunder on or prior to the Closing Date or such Subsequent
         Transfer Date.

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

                                 ARTICLE V
                           Covenants of NH Credit

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

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

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

                                     16

<PAGE>

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

         SECTION 5.3.  Chief Executive Office. During the term of the NH
Receivables, NH Credit will maintain its chief executive office in one of the
States.

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

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

         SECTION 5.6. Transfer of Subsequent NH Receivables. NH Credit
covenants to transfer to CNHCR, pursuant to Section 2.2, Subsequent NH
Receivables with an aggregate Contract Value approximately equal to
$499,968,399.49 minus the aggregate Contract Value of any Receivables sold
to CNHCR by Case Credit pursuant to Section 5.6 of the Case Purchase
Agreement, subject only to the availability of such Subsequent NH
Receivables.

                                     17

<PAGE>

                                           ARTICLE VI
                                    Miscellaneous Provisions

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

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

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

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

         SECTION 6.5. Amendment. This Agreement may be amended from time to
time, with prior written notice to the Rating Agencies, by a written
amendment duly executed and delivered by NH Credit and CNHCR, without the
consent of the Noteholders or the Certificateholders, to cure any
ambiguity, to correct or supplement any provisions in this Agreement or for
the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of this Agreement or of

                                     18

<PAGE>

modifying in any manner the rights of the Noteholders or the
Certificateholders; provided, however, that such amendment will not in the
Opinion of Counsel, materially and adversely affect the interest of any
Noteholder or Certificateholder.

         This Agreement may also be amended from time to time by NH Credit
and CNHCR, with prior written notice to the Rating Agencies, with the
written consent of (x) Noteholders holding Notes evidencing at least a
majority of the Note Balance and (y) the Holders of Certificates evidencing
at least a majority of the Certificate Balance, for the purpose of adding
any provisions to or changing in any manner or eliminating any of the
provisions of this Agreement or of modifying in any manner the rights of
the Noteholders or the Certificateholders; provided, however, that no such
amendment may: (i) increase or reduce in any manner the amount of, or
accelerate or delay the timing of, collections of payments on NH
Receivables or distributions that are required to be made for the benefit
of the Noteholders or the Certificateholders or (ii) reduce the aforesaid
percentage of the Notes and Certificates that are required to consent to
any such amendment, without the consent of the holders of all the
outstanding Notes and Certificates.

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

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

         SECTION 6.7. Waivers. No failure or delay on the part of CNHCR in
exercising any power, right or remedy under this Agreement, the NH
Assignment or any NH Subsequent Transfer Assignment shall operate as a
waiver thereof, nor shall any single or partial exercise of any such power,
right or remedy preclude any other or further exercise thereof or the
exercise of any other power, right or remedy.

                                     19

<PAGE>

         SECTION 6.8. Notices. All demands, notices and communications
under this Agreement shall be in writing, personally delivered or mailed by
certified mail, return receipt requested, and shall be deemed to have been
duly given upon receipt: (a) in the case of NH Credit, to New Holland
Credit Company, LLC, 33 South Railroad Avenue, New Holland, Pennsylvania
17557-1728, Attention: Finance Manager (telephone (717) 355-3091); with a
copy to Senior Counsel; (b) in the case of CNHCR, to CNH Capital
Receivables Inc., 100 South Saunders Road, Lake Forest, Illinois 60045,
Attention: Treasurer (telephone (847) 735-9200); (c) in the case of the
Rating Agencies, at their respective addresses set forth in Section 10.3 of
the Sale and Servicing Agreement; or, as to each of the foregoing, at such
other address as shall be designated by written notice to the other
parties.

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

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

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

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

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

                                     20

<PAGE>

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

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

                                     21

<PAGE>

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

                                CNH CAPITAL RECEIVABLES INC.

                                By: /s/ James S. Broenen
                                    -------------------------------------------
                                    Name:   James S. Broenen
                                    Title:  Senior Vice President and
                                            Chief Financial Officer

                                NEW HOLLAND CREDIT COMPANY, LLC

                                By: /s/ Larry G. Landis
                                    -------------------------------------------
                                    Name:   Larry G. Landis
                                    Title:  Vice President

                                     22

<PAGE>

                                                                      EXHIBIT A
                                                       to NH Purchase Agreement

                                  FORM OF
                               NH ASSIGNMENT
                               -------------

         For value received, in accordance with and subject to the NH
Purchase Agreement dated as of September 1, 2000 (the "NH Purchase
Agreement"), between the undersigned and CNH Capital Receivables Inc.
("CNHCR"), the undersigned does hereby sell, assign, transfer, set over and
otherwise convey unto CNHCR, without recourse, all of its right, title,
interest and, with respect to any Contracts that are Leases, obligations
in, to and under: (a) the Initial NH Receivables, including all documents
constituting chattel paper included therewith, and all obligations of the
Obligors thereunder, including all moneys paid thereunder on or after the
Initial Cutoff Date, (b) the security interests in the Financed Equipment
granted by Obligors pursuant to the Initial NH Receivables and any other
interest of the undersigned in such Financed Equipment, (c) any proceeds
with respect to the Initial NH Receivables from claims on insurance
policies covering Financed Equipment or Obligors, (d) any proceeds from
recourse to Dealers with respect to the Initial NH Receivables other than
any interest in the Dealers' reserve accounts maintained with NH Credit,
(e) any Financed Equipment that shall have secured the Initial NH
Receivables and that shall have been acquired by or on behalf of CNHCR, (f)
any True Lease Equipment that is subject to any Initial NH Receivable, and
(g) the proceeds of any and all of the foregoing. The foregoing sale does
not constitute and is not intended to result in any assumption by CNHCR of
any obligation (other than the covenant of quiet enjoyment benefitting the
Obligors under any Contracts that are Leases) of the undersigned to the
Obligors, insurers or any other person in connection with the Initial NH
Receivables, Receivables Files, any insurance policies or any agreement or
instrument relating to any of them.

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

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

                                     23

<PAGE>

         IN WITNESS WHEREOF, the undersigned has caused this NH Assignment
to be duly executed as of September 1, 2000.

                                NEW HOLLAND CREDIT COMPANY, LLC

                                By: ___________________________________
                                    Name:
                                    Title:

                                     24

<PAGE>

                                                                       EXHIBIT B
                                                        to NH Purchase Agreement

                                  FORM OF
                     NH SUBSEQUENT TRANSFER ASSIGNMENT
                     ---------------------------------

         For value received, in accordance with and subject to the NH
Purchase Agreement dated as of September 1, 2000 (the "NH Purchase
Agreement"), between New Holland Credit Company LLC, a Delaware limited
liability company ("NH Credit"), and CNH Capital Receivables Inc., a
Delaware corporation ("CNHCR"), NH Credit does hereby sell, transfer,
assign, set over and otherwise convey to CNHCR, without recourse, all of
its right, title, interest and, with respect to any Contracts that are
Leases, obligations in, to and under: (a) the Subsequent NH Receivables,
with an aggregate Contract Value equal to $_______________, listed on
Schedule A hereto, including all documents constituting chattel paper
included therewith, and all obligations of the Obligors thereunder,
including all moneys paid thereunder on or after the Subsequent Cutoff
Date, (b) the security interests in the Financed Equipment granted by
Obligors pursuant to such Subsequent NH Receivables and any other interest
of NH Credit in such Financed Equipment, (c) any proceeds with respect to
such Subsequent NH Receivables from claims on insurance policies covering
Financed Equipment or Obligors, (d) any proceeds from recourse to Dealers
with respect to such Subsequent NH Receivables other than any interest in
the Dealers' reserve accounts maintained with NH Credit, (e) any Financed
Equipment that shall have secured any such Subsequent NH Receivables and
that shall have been acquired by or on behalf of CNHCR, (f) any True Lease
Equipment that is subject to any Subsequent NH Receivable, and (g) the
proceeds of any and all of the foregoing. The foregoing sale does not
constitute and is not intended to result in any assumption by CNHCR of any
obligation (other than the covenant of quiet enjoyment benefitting the
Obligors under any Contracts that are Leases) of NH Credit to the Obligors,
insurers or any other person in connection with such Subsequent NH
Receivables, Receivable Files, any insurance policies or any agreement or
instrument relating to any of them.

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

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

                                     25

<PAGE>

         IN WITNESS WHEREOF, the undersigned has caused this NH Subsequent
Transfer Assignment to be duly executed as of the __ day of September,
2000.

                                      NEW HOLLAND CREDIT COMPANY, LLC

                                      By:___________________________________
                                         Name:  Larry G. Landis
                                         Title: Vice President

                                     26

<PAGE>

                                                                     SCHEDULE A
                                           to NH Subsequent Transfer Assignment

                   SCHEDULE OF SUBSEQUENT NH RECEIVABLES
                   -------------------------------------

                            [See attached list]

                                     27

<PAGE>

                                                                         ANNEX A
                                            to NH Subsequent Transfer Assignment

                           OFFICERS' CERTIFICATE
                           ---------------------

         We, the undersigned officers of New Holland Credit Company, LLC
(the "Company"), do hereby certify, pursuant to Section 4.1(b)(xiii) of the
NH Purchase Agreement dated as of September 1, 2000, among the Company, and
CNH Capital Receivables Inc. (the "NH Purchase Agreement"), that all of the
conditions precedent to the transfer to CNHCR of the Subsequent NH
Receivables listed on Schedule A to the NH Subsequent Transfer Assignment
delivered herewith, and the other property and rights related to such
Subsequent NH Receivables as described in Section 2.2 of the NH Purchase
Agreement, have been satisfied on or prior to the related Subsequent
Transfer Date.

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

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

                                By: _______________________________________
                                    Name: _________________________________
                                    Title: ________________________________

                                By: _______________________________________
                                    Name: _________________________________
                                    Title: ________________________________

                                     28-------------------------------------------------------------------------------

                         CNH EQUIPMENT TRUST 2000-B

                          ADMINISTRATION AGREEMENT

                                   among

                        CNH EQUIPMENT TRUST 2000-B,
                                 as Issuer,

                                    and

                          CASE CREDIT CORPORATION,
                             as Administrator,

                                    and

                      BANK ONE, NATIONAL ASSOCIATION,
                           as Indenture Trustee.

                       Dated as of September 1, 2000

-------------------------------------------------------------------------------

<PAGE>

                           || TABLE OF CONTENTS

Section                                                                    Page

1.  Duties of the Administrator...............................................2
         (a)  Duties with Respect to the Indenture and the Depository
              Agreement.......................................................2
         (b)  Duties with Respect to the Trust................................5
         (c)  Non-Ministerial Matters.........................................6

2.  Records...................................................................7

3.  Compensation..............................................................7

4.  Additional Information To Be Furnished to the Issuer......................7

5.  Independence of the Administrator.........................................7

6.  No Joint Venture..........................................................8

7.  Other Activities of the Administrator.....................................8

8.  Term of Agreement; Resignation and Removal of the Administrator...........8

9.  Action upon Termination, Resignation or Removal..........................10

10.  Notices.................................................................10

11.  Amendments..............................................................11

12.  Successors and Assigns..................................................12

13.  Governing Law...........................................................12

14.  Headings................................................................12

15.  Counterparts............................................................12

16.  Severability............................................................12

17.  Not Applicable to Case Credit Corporation in Other Capacities...........13

18.  Limitation of Liability of the Trustee and the Indenture Trustee........13

19.  Third-Party Beneficiary.................................................13

20.  Indemnification.........................................................13
||

                                     i

<PAGE>

         ADMINISTRATION AGREEMENT dated as of September 1, 2000, among CNH
EQUIPMENT TRUST 2000-B, a Delaware business trust (the "Issuer"), CASE
CREDIT CORPORATION, a Delaware corporation, as administrator (the
"Administrator"), and BANK ONE, NATIONAL ASSOCIATION, a national banking
association, not in its individual capacity but solely as Indenture Trustee
(the "Indenture Trustee").

                                  RECITALS

         WHEREAS, the Issuer is issuing: (a) 6.66% Class A-1 Asset Backed
Notes, 6.87% Class A-2 Asset Backed Notes, 6.88% Class A-3 Asset Backed
Notes, 6.95% Class A-4 Asset Backed Notes (collectively, the "Class A
Notes") and 7.14% Class B Asset Backed Notes (the "Class B Notes," and,
together with the Class A Notes, the "Notes") pursuant to the Indenture,
dated as of the date hereof (as amended and supplemented from time to time
in accordance with the provisions thereof, the "Indenture"), between the
Issuer and the Indenture Trustee (capitalized terms used herein and not
otherwise defined herein are defined in Appendix A to the Indenture);

         WHEREAS, the Issuer has entered into certain agreements in
connection with the issuance of the Notes and of certain beneficial
ownership interests of the Issuer, including: (i) a Sale and Servicing
Agreement, dated as of the date hereof (as amended and supplemented from
time to time, the "Sale and Servicing Agreement"), among the Issuer, Case
Credit Corporation, as servicer (the "Servicer"), and CNH Capital
Receivables Inc., a Delaware corporation, as seller (the "Seller"), (ii) a
Depository Agreement, dated September 21, 2000 (the "Depository
Agreement"), among the Issuer, the Indenture Trustee, the Administrator and
The Depository Trust Company, (iii) the Indenture and (iv) a Trust
Agreement, dated as of the date hereof (the "Trust Agreement"), between the
Seller and the Trustee (the Sale and Servicing Agreement, the Depository
Agreement, the Indenture and the Trust Agreement being hereinafter referred
to collectively as the "Related Agreements");

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

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

<PAGE>

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

         NOW, THEREFORE, in consideration of the mutual terms and 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 the Administrator.
             ---------------------------

         (a) Duties with Respect to the Indenture and the Depository
Agreement. The Administrator shall perform all of its duties as
Administrator and the duties of the Issuer and the Trustee under the
Depository Agreement. In addition, the Administrator shall consult with the
Trustee regarding the duties of the Issuer and the Trustee under such
documents. The Administrator shall monitor the performance of the Issuer
and shall advise the Trustee when action is necessary to comply with the
Issuer's or the Trustee's duties under such documents. The Administrator
shall prepare for execution by the Issuer or shall cause the preparation by
other appropriate persons of all such documents, reports, filings,
instruments, certificates and opinions as it shall be the duty of the
Issuer or the Trustee to prepare, file or deliver pursuant to such
documents. In furtherance of the foregoing, the Administrator shall take
all appropriate action that is the duty of the Issuer or the Trustee to
take pursuant to such documents, including, without limitation, such of the
foregoing as are required with respect to the following matters (references
in this Section are to sections of the Indenture):

                  (i) the duty to cause the Note Register to be kept and to
         give the Indenture Trustee notice of any appointment of a new Note
         Registrar and the location, or change in location, of the Note
         Register (Section 2.4);

                  (ii) 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
         2.7(c));

                  (iii) the preparation of or obtaining of the documents
         and instruments required for authentication of the Notes and
         delivery of the same to the Indenture Trustee (Section 2.2);

                  (iv) the preparation, obtaining or filing of the
         instruments, opinions, certificates and other documents required
         for the release of the Collateral (Section 2.9);

                  (v) the maintenance of an office in the Borough of Manhattan,
         City of New York, for registration of transfer or exchange of Notes
         (Section 3.2);

                                    2

<PAGE>

                  (vi) the duty to cause newly appointed Paying Agents, if
         any, to deliver to the Indenture Trustee the instrument specified
         in the Indenture regarding funds held in trust (Section 3.3);

                  (vii) the direction to the Paying Agents to deposit moneys
         with the Indenture Trustee (Section 3.3);

                  (viii) the obtaining and preservation of the Issuer'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 3.4);

                  (ix) the preparation of all supplements, amendments,
         financing statements, continuation statements, instruments of
         further assurance and other instruments, in accordance with
         Section 3.5 of the Indenture, necessary to protect the Trust
         Estate (Section 3.5);

                  (x) the delivery of the Opinion of Counsel on the Closing
         Date and the annual delivery of Opinions of Counsel, in accordance
         with Section 3.6 of the Indenture, as to the Trust Estate, and the
         annual delivery of the Officers' Certificate and certain other
         statements, in accordance with Section 3.9 of the Indenture, as to
         compliance with the Indenture (Sections 3.6 and 3.9);

                  (xi) the identification to the Indenture Trustee in an
         Officers' Certificate of a Person with whom the Issuer has
         contracted to perform its duties under the Indenture (Section
         3.7(b));

                  (xii) 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 3.7(d));

                  (xiii) the preparation and obtaining of documents and
         instruments required for the release of the Issuer from its
         obligations under the Indenture (Section 3.10(b));

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

                                      3

<PAGE>

                  (xv) the monitoring of the Issuer's obligations as to the
         satisfaction and discharge of the Indenture and the preparation of
         an Officers' Certificate and the obtaining of the Opinion of
         Counsel and the Independent Certificate relating thereto (Section
         4.1);

                  (xvi) 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 5.4);

                  (xvii) the furnishing to the Indenture Trustee with the
         names and addresses of Noteholders during any period when the
         Indenture Trustee is not the Note Registrar (Section 7.1);

                  (xviii) the preparation, execution and filing with the
         Commission and the Indenture Trustee of documents required to be
         filed on a periodic basis with, and summaries thereof as may be
         required by rules and regulations prescribed by, the Commission
         and the transmission of such summaries, as necessary, to the
         Noteholders (Section 7.3);

                  (xix) the opening of one or more accounts in the Trust's
         name, the preparation of Issuer Orders, Officers' Certificates and
         Opinions of Counsel and all other actions necessary with respect
         to investment and reinvestment of funds in the Trust Accounts
         (Sections 8.2 and 8.3);

                  (xx) the preparation of an Issuer Request and Officers'
         Certificate and the obtaining of an Opinion of Counsel and
         Independent Certificates, if necessary, for the release of the
         Trust Estate as defined in the Indenture (Sections 8.4 and 8.5);

                  (xxi) 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
         9.1, 9.2 and 9.3);

                  (xxii) the execution and delivery of new Notes conforming to
         any supplemental indenture (Section 9.6);

                  (xxiii) the notification of Noteholders of redemption of
         the Notes or the duty to cause the Indenture Trustee to provide
         such notification (Section 10.2);

                  (xxiv) the preparation of all Officers' Certificates,
         Opinions of Counsel and Independent Certificates with respect to any

                                      4

<PAGE>

         requests by the Issuer to the Indenture Trustee to take any action
         under the Indenture (Section 11.1(a));

                  (xxv) the preparation and delivery of Officers'
         Certificates and the obtaining of Independent Certificates, if
         necessary, for the release of property from the lien of the
         Indenture (Section 11.1(b));

                  (xxvi) the preparation and delivery to Noteholders and
         the Indenture Trustee of any agreements with respect to alternate
         payment and notice provisions (Section 11.6); and

                  (xxvii) the recording of the Indenture, if applicable
         (Section 11.15).

         (b) Duties with Respect to the Trust. (i) In addition to the
duties of the Administrator set forth above, the Administrator shall
perform such calculations, and shall prepare for execution by the Issuer or
the Trustee or shall cause the preparation by other appropriate persons of
all such documents, reports, filings, instruments, certificates and
opinions, as it shall be the duty of the Issuer or the Trustee to perform,
prepare, file or deliver pursuant to the Related Agreements, and at the
request of the Trustee shall take all appropriate action that it is the
duty of the Issuer or the Trustee to take pursuant to the Related
Agreements. Subject to Section 5 of this Agreement, and in accordance with
the directions of the Trustee, the Administrator shall administer, perform
or supervise the performance of such other activities in connection with
the Collateral (including the Related Agreements) as are not covered by any
of the foregoing and as are expressly requested by the Trustee and are
reasonably within the capability of the Administrator.

                  (ii) Notwithstanding anything in this Agreement or the
         Related Agreements to the contrary, if any Certificates are held
         by any Person other than the Depositor the Administrator shall be
         responsible for promptly notifying the Trustee in the event that
         any withholding tax is imposed on the Trust's payments (or
         allocations of income) to an Owner as contemplated in Section
         5.2(c) of the Trust Agreement. Any such notice shall specify the
         amount of any withholding tax required to be withheld by the
         Trustee pursuant to such provision.

                  (iii) Notwithstanding anything in this Agreement or the
         Related Agreements to the contrary, the Administrator shall be
         responsible for performance of the duties of the Trustee (if any)
         set forth in Sections 5.5(a), (b), (c) and (d), the penultimate
         sentence of Section 5.5 and Section 5.6(a) of the Trust Agreement
         with respect to, among other things, accounting and reports to
         Owners; provided, however, that the Trustee shall retain

                                       5

<PAGE>

         responsibility for the distribution of the Schedule K-1s necessary
         to enable each Owner to prepare its Federal and State income tax
         returns.

                  (iv) If any Certificates are held by any Person other
         than the Depositor, the Administrator shall satisfy its
         obligations with respect to clauses (ii) and (iii) by retaining,
         at the expense of the Trust payable by the Servicer, a firm of
         independent certified public accountants (the "Accountants")
         acceptable to the Trustee, which Accountants shall perform the
         obligations of the Administrator thereunder. In connection with
         clause (ii), the Accountants will provide prior to September 21,
         2000, a letter in form and substance satisfactory to the 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. The Accountants shall be
         required to update the letter in each instance that any additional
         tax withholding is subsequently required or any previously
         required tax withholding shall no longer be required.

                  (v) The Administrator shall perform the duties of the
         Administrator specified in Section 10.2 of the Trust Agreement
         required to be performed in connection with the resignation or
         removal of the Trustee, and any other duties expressly required to
         be performed by the Administrator under the Trust Agreement.

                  (vi) 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 Issuer and shall be, in the
         Administrator's opinion, no less favorable to the Issuer than
         would be available from unaffiliated parties.

                  (vii) The Administrator hereby agrees to execute on
         behalf of the Issuer all such documents, reports, filings,
         instruments, certificates and opinions as it shall be the duty of
         the Issuer to prepare, file or deliver pursuant to the Basic
         Documents or otherwise by law.

         (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
Trustee of the proposed action and the 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;

                                 6

<PAGE>

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

                           (C) the amendment, change or modification of the
                  Related Agreements;

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

                           (E) the removal of the Indenture Trustee.

                  (ii) Notwithstanding anything to the contrary in this
         Agreement, the Administrator shall not be obligated to, and shall
         not: (x) make any payments to the Noteholders under the Related
         Agreements, (y) sell the Trust Estate pursuant to Section 5.4 of
         the Indenture or (z) take any other action that the Issuer directs
         the Administrator not to take on its behalf.

         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 Issuer,
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 and as reimbursement for
its expenses related thereto, the Administrator shall be entitled to $500
per quarter payable in arrears on each Payment Date, which payment shall be
solely an obligation of the Issuer.

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

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

                                    7

<PAGE>

         6. No Joint Venture. Nothing contained in this Agreement: (i)
shall constitute the Administrator and either of the Issuer or the Trustee
as members of any partnership, joint venture, association, syndicate,
unincorporated business or other separate entity, (ii) shall be construed
to impose any liability as such on any of them or (iii) shall 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 the Administrator. Nothing herein shall
prevent the Administrator or its Affiliates from engaging in other
businesses or, in their sole discretion, from acting in a similar capacity
as an administrator for any other Person even though such Person may engage
in business activities similar to those of the Issuer, the Trustee or the
Indenture Trustee.

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

         (b) Subject to Section 8(e), the Administrator may resign its
duties hereunder by providing the Issuer, the Indenture Trustee and the
Servicer with at least 60 days' prior written notice.

         (c) Subject to Section 8(e), the Issuer may remove the
Administrator without cause by providing the Administrator, the Indenture
Trustee and the Servicer with at least 60 days' prior written notice.

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

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

                  (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

                                       8
<PAGE>

                  (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
clauses (ii) or (iii) of this subsection shall occur, it shall give written
notice thereof to the Issuer, the Servicer and the Indenture Trustee within
seven days after the happening of such event.

         (e) Upon the Administrator's receipt of notice of termination,
pursuant to Sections 8(c) or (d), or the Administrator's resignation in
accordance with this Agreement, the predecessor Administrator shall
continue to perform its functions as Administrator under this Agreement, in
the case of termination, only until the date specified in such termination
notice or, if no such date is specified in a notice of termination, until
receipt of such notice and, in the case of resignation, until the later of:
(x) the date 45 days from the delivery to the Issuer, the Indenture Trustee
and the Servicer of written notice of such resignation (or written
confirmation of such notice) in accordance with this Agreement and (y) the
date upon which the predecessor Administrator shall become unable to act as
Administrator, as specified in the notice of resignation and accompanying
Opinion of Counsel. In the event of the Administrator's termination
hereunder, the Issuer shall appoint a successor Administrator acceptable to
the Indenture Trustee, and the successor Administrator shall accept its
appointment by a written assumption in form acceptable to the Indenture
Trustee. In the event that a successor Administrator has not been appointed
at the time when the predecessor Administrator has ceased to act as
Administrator in accordance with this Section, the Indenture Trustee
without further action shall automatically be appointed the successor
Administrator and the Indenture Trustee shall be entitled to the
compensation specified in Section 3. Notwithstanding the above, the
Indenture Trustee shall, if it shall be unable so to act, appoint or
petition a court of competent jurisdiction to appoint any established
institution having a net worth of not less than $50,000,000 and whose
regular business shall include the performance of functions similar to
those of the Administrator, as the successor to the Administrator under
this Agreement.

         (f) Upon appointment, the successor Administrator (including the
Indenture Trustee acting as successor Administrator) shall be the successor
in all respects to the predecessor Administrator and shall be subject to
all the responsibilities, duties and liabilities arising thereafter

                                    9
<PAGE>

relating thereto placed on the predecessor Administrator and shall be
entitled to the compensation specified in Section 3 and all the rights
granted to the predecessor Administrator by the terms and provisions of
this Agreement.

         (g) Except when and if the Indenture Trustee is appointed
successor Administrator, the Administrator may not resign unless it is
prohibited from serving as such by law as evidenced by an Opinion of
Counsel to such effect delivered to the Indenture Trustee. No resignation
or removal of the Administrator pursuant to this Section shall be effective
until: (i) a successor Administrator shall have been appointed by the
Issuer and (ii) such successor Administrator shall have agreed in writing
to be bound by the terms of this Agreement in the same manner as the
Administrator is bound hereunder.

         (h) 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 Issuer all
property and documents of or relating to the Collateral then in the custody
of the Administrator. In the event of the resignation or removal of the
Administrator pursuant to Section 8(b) or (c), respectively, the
Administrator shall cooperate with the Issuer and the Indenture Trustee and
take all reasonable steps requested to assist the Issuer and the Indenture
Trustee in making an orderly transfer of the duties of the Administrator.

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

         (a)  if to the Issuer or the Trustee, to:

                         CNH Equipment Trust 2000-B

                           c/o The Bank of New York

                           101 Barclay Street, Floor 12E
                           New York, New York 10286
                           Attn: Corporate Trust Administration - Asset Backed
                           Finance Unit

                                    10

<PAGE>

         (b)      if to the Administrator, to:

                           Case Credit Corporation
                           233 Lake Avenue
                           Racine, Wisconsin 53403
                           Attention: Treasurer

         (c)      if to the Indenture Trustee, to:

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

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 if such notice is mailed by certified mail, postage prepaid,
or hand-delivered to the address of such party as provided above.

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

         This Agreement may also be amended from time to time by the
Issuer, the Administrator and the Indenture Trustee with the written
consent of (w) the Trustee, (x) Noteholders holding Notes evidencing not
less than a majority of the Note Balance and (y) the Holders of
Certificates evidencing not less than a majority of the Certificate
Balance, for the purpose of adding any provisions to or changing in any
manner or eliminating any of the provisions of this Agreement or of
modifying in any manner the rights of the Noteholders or the
Certificateholders; provided, however, that no such amendment shall: (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
Certificateholders or (ii) reduce the aforesaid percentage of the Holders
of Notes and Certificates that are required to consent to any such
amendment, without the consent of the Holders of all the outstanding Notes
and Certificates. Notwithstanding the foregoing, the Administrator may not

                                  11

<PAGE>

amend this Agreement without the permission of the Depositor, which
permission shall not be unreasonably withheld.

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

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

         12. Successors and Assigns. This Agreement may not be assigned by
the Administrator unless such assignment is previously consented to in
writing by the Issuer and the 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 Issuer or the Trustee to a
corporation or other organization that is a successor (by merger,
consolidation or purchase of assets) to the Administrator, provided that
such successor organization executes and delivers to the Issuer, the
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, 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, all
of which when so executed shall together constitute but one and the same
agreement.

         16.  Severability. Any provision of this Agreement that is prohibited
or unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such prohibition or unenforceability without

                                    12
<PAGE>

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 Case Credit Corporation in Other Capacities.
Nothing in this Agreement shall affect any obligation Case Credit Corporation
may have in any other capacity.

         18. Limitation of Liability of the Trustee and the Indenture
Trustee. (a) Notwithstanding anything contained herein to the contrary,
this instrument has been countersigned by The Bank of New York, not in its
individual capacity but solely in its capacity as Trustee of the Issuer,
and in no event shall The Bank of New York, in its individual capacity, or
any beneficial owner of the Issuer have any liability for the
representations, warranties, covenants, agreements or other obligations of
the Issuer hereunder, as to all of which recourse shall be had solely to
the assets of the Issuer. For all purposes of this Agreement, in the
performance of any duties or obligations of the Issuer thereunder, the
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 countersigned by Bank One, National Association,
not in its individual capacity but solely as Indenture Trustee, and in no
event shall Bank One, National Association have any liability for the
representations, warranties, covenants, agreements or other obligations of
the Issuer hereunder or in any of the certificates, notices or agreements
delivered pursuant hereto, as to all of which recourse shall be had solely
to the assets of the Issuer.

         19. Third-Party Beneficiary. The 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. Indemnification. The Administrator shall indemnify the Trustee
and the Indenture Trustee (and their officers, directors, employees and
agents) for, and hold them harmless against, any losses, liability or
expense, including attorneys' fees reasonably incurred by them, incurred
without negligence or bad faith on their part, arising out of or in
connection with: (i) actions taken by either of them pursuant to
instructions given by the Administrator pursuant to this Agreement or (ii)
the failure of the Administrator to perform its obligations hereunder. The
indemnities contained in this Section shall survive the termination of this
Agreement and the resignation or removal of the Administrator, the Trustee
or the Indenture Trustee.

                                  13
<PAGE>

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

                       CNH EQUIPMENT TRUST 2000-B

                       By: THE BANK OF NEW YORK,
                               not in its individual capacity but solely as
                               Trustee on behalf of the Issuer

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

                       BANK ONE, NATIONAL ASSOCIATION,
                         not in its individual capacity but solely as
                         Indenture Trustee

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

                       CASE CREDIT CORPORATION,
                               as Administrator

                                By:  /s/ James S. Broenen
                                    -------------------------------
                                   Name: James S. Broenen
                                   Title: Senior Vice President and
                                          Chief Financial Officer

Accepted and agreed:

THE BANK OF NEW YORK,
         not in its individual capacity but
         solely as Trustee under the Trust Agreement

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

                                     14

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