SEC Contract Filing

Filing Date: 2024-07-30

Document Content:
<DOCUMENT>
<TYPE>EX-10.7
<SEQUENCE>10
<FILENAME>exhibit10-7.htm
<DESCRIPTION>ACCESSION AGREEMENT
<TEXT>
<html>
 <head>
 <title></title>
 <!-- Licensed to: Morgan, Lewis & Bockius
 Document created using Broadridge PROfile 24.6.1.5240
 Copyright 1995 - 2024 Broadridge -->
 </head>
<body style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;" bgcolor="#ffffff">
 <div style="text-align: right;">
 <div style="color: rgb(0, 0, 0); font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold;"><font style="color: rgb(0, 0, 0); font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 700; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Exhibit 10.7</font><br style="color: rgb(0, 0, 0); font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 700; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">
 <div style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">Execution Version</div>
 </div>
 <br class="Apple-interchange-newline">
 </div>
 <div><br>
 <div style="text-align: center;">ACCESSION AGREEMENT</div>
 <div>&#160;</div>
 <div style="text-align: justify; text-indent: 72pt;">Reference is hereby made to that certain Intercreditor Agreement, dated as of December 9, 2022 (as amended, restated, supplemented or otherwise modified from time to time, the &#8220;Agreement&#8221;), among (i)
 Exeter Finance LLC, as servicer, (ii) Citibank, N.A., as intercreditor agent, and (iii) each Other Party that becomes a party thereto pursuant to the terms thereof.&#160; Capitalized terms used herein that are not otherwise defined shall have the meanings
 ascribed thereto in the Agreement.</div>
 <div>&#160;</div>
 <div style="text-align: justify; text-indent: 72pt;">This is an Accession Agreement and is being entered into pursuant to the Agreement.&#160; Each undersigned Other Party hereby: (i) acknowledges and confirms that it has received a copy of the Agreement,
 (ii) agrees to be bound by the terms and conditions of the Agreement as if it were an original signatory thereto, (iii) acknowledges that it only has and will only have at any time rights to Remittances in respect of the Receivables that are owned by
 or pledged at such time to such Other Party pursuant to a Transaction Document under the related Transaction described in (A) below:</div>
 <div>&#160;</div>
 <div style="text-align: justify; text-indent: 72pt;">A.<font style="text-indent: 0px; font-size: 5.14pt;" class="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font>Name of Transaction (name of issuing entity):&#160; Exeter Automobile Receivables Trust 2024-4.</div>
 <div>&#160;</div>
 <div style="text-align: justify; text-indent: 72pt;">B.<font style="text-indent: 0px; font-size: 5.14pt;" class="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font>Identification of Indenture:&#160; Indenture, dated as of July 8, 2024, among Exeter Automobile Receivables
 Trust 2024-4, Exeter Holdings Trust 2024-4 and Citibank, N.A., as indenture trustee.</div>
 <div>&#160;</div>
 <div style="text-align: justify; text-indent: 72pt;">C.<font style="text-indent: 0px; font-size: 5.14pt;" class="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font>Citibank, N.A., as an Other Party, hereby advises that, for purposes of the Agreement, the following
 shall apply with respect to such Other Party:</div>
 <div>&#160;</div>
 <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z47c4bf749b354cd0a466cb89404d6b2d" cellpadding="0" cellspacing="0">

 <tr>
 <td style="width: 108pt;"><br>
 </td>
 <td style="width: 36pt; vertical-align: top;">1.</td>
 <td style="width: auto; vertical-align: top; text-align: justify;">
 <div>Address of Other Party:</div>
 </td>
 </tr>

 </table>
 <div>&#160;</div>
 <div style="text-align: justify; margin-left: 144pt;">Citibank, N.A.</div>
 <div style="text-align: justify; margin-left: 144pt;">388 Greenwich Street</div>
 <div style="text-align: justify; margin-left: 144pt;">New York, New York 10013</div>
 <div style="text-align: justify; margin-left: 144pt;">Attention: Citibank Agency &amp; Trust, EART 2024-4</div>
 <div>&#160;</div>
 <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf48b46a6cd0b4a1d8f958de56a8e487b" cellpadding="0" cellspacing="0">

 <tr>
 <td style="width: 108pt;"><br>
 </td>
 <td style="width: 36pt; vertical-align: top;">2.</td>
 <td style="width: au