SEC Contract Filing

Filing Date: 2020-02-06

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>9
<FILENAME>tm205911d10_ex10-4.htm
<DESCRIPTION>EXCHANGE NOTE SERVICING SUPPLEMENT 2020-A TO CLOSED-END SERVICING AGREEMENT
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>EXHIBIT 10.4</B></P>

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 <TD STYLE="width: 100%; border-top: Black 1.5pt double; padding-top: 24pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 10pt; text-align: center"><FONT STYLE="text-transform: uppercase"><B>World Omni Financial Corp.</B></FONT><B>,</B></TD></TR>
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 <TD STYLE="padding: 2.9pt 5.75pt 12pt; font-size: 10pt; text-align: center"><B>as Servicer</B></TD></TR>
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 <TD STYLE="padding-top: 2.9pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 10pt; text-align: center"><FONT STYLE="text-transform: uppercase"><B>WORLD OMNI LT</B></FONT><B>,</B></TD></TR>
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 <TD STYLE="padding: 2.9pt 5.75pt 12pt; font-size: 10pt; text-align: center"><B>as Titling Trust </B></TD></TR>
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 <TD STYLE="padding: 2.9pt 5.75pt 12pt; font-size: 10pt; text-align: center"><B>and </B></TD></TR>
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 <TD STYLE="padding: 2.9pt 5.75pt 12pt; font-size: 10pt; text-align: center"><FONT STYLE="text-transform: uppercase"><B>AL Holding Corp.</B></FONT><B>, <BR>
as Closed-End Collateral Agent </B></TD></TR>
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 <TD STYLE="padding: 2.9pt 5.75pt 12pt; font-size: 10pt; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Exchange Note Servicing Supplement</B></FONT><B> 2020&#45;A TO <BR>
CLOSED-END SERVICING AGREEMENT </B></TD></TR>
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 <TD STYLE="border-bottom: Black 1.5pt double; padding: 2.9pt 5.75pt 24pt; font-size: 10pt; text-align: center"><B>Dated as of February 12, 2020</B></TD></TR>
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of Contents</U></P>

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 <TD STYLE="width: 30%; font-size: 10pt; font-weight: bold; text-align: left">Article XI DEFINITIONS</TD>
 <TD STYLE="text-align: left">&nbsp;</TD>
 <TD STYLE="width: 5%; font-size: 10pt; font-weight: bold; text-align: right">2</TD></TR>
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 <TD STYLE="font-size: 10pt; text-align: center">SECTION 11.1</TD>
 <TD STYLE="font-size: 10pt; text-align: left">DEFINITIONS</TD>
 <TD STYLE="font-size: 10pt; text-align: right">2</TD></TR>
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 <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
 <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
 <TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD></TR>
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 <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: left">Article XII REPRESENTATIONS AND WARRANTIES OF THE SERVICER</TD>
 <TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">2</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
 <TD STYLE="font-size: 10pt; text-align: center">SECTION 12.1</TD>
 <TD STYLE="font-size: 10pt; text-align: left">EXISTENCE AND POWER</TD>
 <TD STYLE="font-size: 10pt; text-align: right">2</TD></TR>
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 <TD STYLE="font-size: 10pt; text-align: center">SECTION 12.2</TD>
 <TD STYLE="font-size: 10pt; text-align: left">AUTHORIZATION AND NO CONTRAVENTION</TD>
 <TD STYLE="font-size: 10pt; text-align: right">3</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
 <TD STYLE="font-size: 10pt; text-align: center">SECTION 12.3</TD>
 <TD STYLE="font-size: 10pt; text-align: left">NO CONSENT REQUIRED</TD>
 <TD STYLE="font-size: 10pt; text-align: right">3</TD></TR>
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 <TD STYLE="font-size: 10pt; text-align: center">SECTION 12.4</TD>
 <TD STYLE="font-size: 10pt; text-align: left">BINDING EFFECT</TD>
 <TD STYLE="font-size: 10pt; text-align: right">3</TD></TR>
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 <TD STYLE="font-size: 10pt; text-align: center">SECTION 12.5</TD>
 <TD STYLE="font-size: 10pt; text-align: left">ACCURACY OF INFORMATION</TD>
 <TD STYLE="font-size: 10pt; text-align: right">3</TD></TR>
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 <TD STYLE="font-size: 10pt; text-align: center">SECTION 12.6</TD>
 <TD STYLE="font-siz