SEC Contract Filing

Filing Date: 2016-09-16

Document Content:
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>8
<FILENAME>v448936_ex10-5.htm
<DESCRIPTION>ASSET REPRESENTATIONS REVIEW AGREEMENT
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

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

<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 AUTO RECEIVABLES TRUST 2016-B,<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 September 21, 2016</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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<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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.75pt; text-align: center">&nbsp;</P>

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 <TD NOWRAP STYLE="width: 15%; padding-right: 5.75pt; text-align: right; padding-left: 0.375in">&nbsp;</TD>
 <TD STYLE="width: 75%; padding-right: 5.75pt; text-align: right; padding-left: 0.375in">&nbsp;</TD>
 <TD STYLE="width: 10%; text-decoration: none; text-align: right; vertical-align: bottom"><B STYLE="text-decoration: none">Page</B></TD></TR>
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 <TD NOWRAP STYLE="padding-right: 5.75pt; text-align: center; padding-left: 0.375in">&nbsp;</TD>
 <TD STYLE="padding-right: 5.75pt; text-align: center; padding-left: 0.375in">&nbsp;</TD>
 <TD STYLE="padding-right: 5.75pt; text-align: right; vertical-align: bottom">&nbsp;</TD></TR>
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 <TD NOWRAP STYLE="text-indent: 0in; text-transform: uppercase; padding-left: 0in">ARTICLE I</TD>
 <TD STYLE="text-indent: 0in; text-transform: uppercase; padding-left: 0in">USAGE AND DEFINITIONS</TD>
 <TD STYLE="text-align: right; text-indent: 0in; text-transform: uppercase; vertical-align: bottom">1</TD></TR>
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 <TD NOWRAP STYLE="text-indent: 0in; text-transform: uppercase; padding-left: 0.375in">&nbsp;</TD>
 <TD STYLE="text-indent: 0in; text-transform: uppercase; padding-left: 0.375in">&nbsp;</TD>
 <TD STYLE="text-align: right; text-indent: 0in; text-transform: uppercase; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
 <TD NOWRAP STYLE="text-indent: 0in; padding-left: 0.375in">Section 1.1.</TD>
 <TD STYLE="text-indent: 0in; padding-left: 0.375in">Usage and Definitions</TD>
 <TD STYLE="text-align: right; text-indent: 0in; vertical-align: bottom">1</TD></TR>
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 <TD NOWRAP STYLE="text-indent: 0in; padding-left: 0.375in">Section 1.2.</TD>
 <TD STYLE="text-indent: 0in; padding-left: 0.375in">Additional Definitions</TD>
 <TD STYLE="text-align: right; text-indent: 0in; vertical-align: bottom">1</TD></TR>
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 <TD NOWRAP STYLE="text-indent: 0in; text-transform: uppercase; padding-left: 0.375in">&nbsp;</TD>
 <TD STYLE="text-indent: 0in; text-transform: uppercase; padding-left: 0.375in">&nbsp;</TD>
 <TD STYLE="text-align: right; text-indent: 0in; text-transform: uppercase; vertical-align: bottom">&nbsp;</TD></TR>
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 <TD NOWRAP STYLE="text-indent: 0in; text-transform: uppercase; padding-left: 0in">ARTICLE II</TD>
 <TD STYLE="text-indent: 0in; text-transform: uppercase; padding-left: 0in">ENGAGEMENT OF ASSET REPRESENTATIONS REVIEWER</TD>
 <TD STYLE="text-align: right; text-indent: 0in; text-transform: uppercase; vertical-align: bottom">2</TD></TR>
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 <TD