SEC Contract Filing

Filing Date: 2020-10-22

Document Content:
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<TYPE>EX-10.5
<SEQUENCE>8
<FILENAME>tm2033107d9_ex10-5.htm
<DESCRIPTION>EXHIBIT 10.5
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Exhibit 10.5</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ASSET REPRESENTATIONS REVIEW AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">among</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">HYUNDAI AUTO RECEIVABLES TRUST 2020-C,<BR>
as Issuer,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">HYUNDAI CAPITAL AMERICA,<BR>
as Servicer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CLAYTON FIXED INCOME SERVICES LLC,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">as Asset Representations Reviewer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Dated as of October 28, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><I>(2020-C Asset Representations Review
Agreement)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.75pt; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Table
of Contents</B></FONT></P>

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 <TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD>
 <TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD>
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 <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; text-align: left; text-indent: -1.25in; padding-left: 1.25in">ARTICLE I &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;USAGE AND DEFINITIONS</TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; text-align: right">1</TD></TR>
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 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; text-indent: -1.25in; padding-left: 1.25in; width: 15%">&nbsp;</TD>
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 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -1.25in; padding-left: 1.75in">Section 1.1.</TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Usage and Definitions</TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1</TD></TR>
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 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -1.25in; padding-left: 1.75in">&nbsp;</TD>
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 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -1.25in; padding-left: 1.75in">Section 1.2.</TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Additional Definitions</TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1</TD></TR>
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 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -1.25in; padding-left: 1.75in">&nbsp;</TD>
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