SEC Contract Filing

Filing Date: 2024-03-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>7
<FILENAME>tm248203d9_ex10-4.htm
<DESCRIPTION>EXHIBIT 10.4
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit&nbsp;10.4</B></P>

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<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">ADMINISTRATION AGREEMENT</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">between</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">FORD CREDIT AUTO OWNER TRUST 2024-A,<BR>
as Issuer,</P>

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<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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FORD MOTOR CREDIT COMPANY LLC,<BR>
as Administrator</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">Dated as of March&nbsp;1, 2024</P>

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<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">TABLE OF CONTENTS</P>

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

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 <TR STYLE="vertical-align: top">
 <TD COLSPAN="2" STYLE="padding-left: 0in">ARTICLE&nbsp;I USAGE AND DEFINITIONS</TD>
 <TD STYLE="text-align: right">1</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="padding-left: 0.375in; width: 15%">Section&nbsp;1.1.</TD>
 <TD STYLE="width: 80%">Usage and Definitions</TD>
 <TD STYLE="text-align: right; width: 5%">1</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="padding-left: 0.375in">&nbsp;</TD>
 <TD>&nbsp;</TD>
 <TD STYLE="text-align: right">&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD COLSPAN="2">ARTICLE&nbsp;II ADMINISTRATION OF ISSUER</TD>
 <TD STYLE="text-align: right">1</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="padding-left: 0.375in">Section&nbsp;2.1.</TD>
 <TD>Engagement of Administrator</TD>
 <TD STYLE="text-align: right">1</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="padding-left: 0.375in">Section&nbsp;2.2.</TD>
 <TD>Administrator's Rights and Obligations</TD>
 <TD STYLE="text-align: right">1</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="padding-left: 0.375in">Section&nbsp;2.3.</TD>
 <TD>Limits on Administrator's Rights and Obligations</TD>
 <TD STYLE="text-align: right">2</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="padding-left: 0.375in">Section&nbsp;2.4.</TD>
 <TD>Power of Attorney</TD>
 <TD STYLE="text-align: right">3</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="padding-left: 0.375in">Section&nbsp;2.5.</TD>
 <TD>Access to Issuer Records</TD>
 <TD STYLE="text-align: right">3</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="padding-left: 0.375in">Section&nbsp;2.6.</TD>
 <TD>Review of Administrator's Records</TD>
 <TD STYLE="text-align: right">3</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="padding-left: 0.375in">Section&nbsp;2.7.</TD>
 <TD>Updating List of Responsible Persons</TD>
 <TD STYLE="text-align: right">3</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="padding-left: 0.375in">Section&nbsp;2.8.</TD>
 <TD>Administrator's Fees and Expenses</TD>
 <TD STYLE="text-align: right">3</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="padding-left: 0.375in">&nbsp;</TD>
 <TD>&nbsp;</TD>
 <TD STYLE="text-align: right">&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD COLSPAN="2">ARTICLE&nbsp;III ADMINISTRATOR</TD>
 <TD STYLE="text-align: right">3</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="padding-left: 0.375in">Section&nbsp;3.1.</TD>
 <TD>Administrator's Representations and Warranties</TD>
 <TD STYLE="text-align: right">3</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="padding-left: 0.375in">Section&nbsp;3.2.</TD>
 <TD>Liability of Administrator</TD>
 <TD STYLE="text-align: right">4</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="padding-left: 0.375in">Section&nbsp;3.3.</TD>
 <TD>Indemnities</TD>
 <TD STYLE="text-align: right">5</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="padding-left: 0.375in">Section&nbsp;3.4.</TD>
 <TD>Resignation and Removal of Administrator</TD>
 <TD STYLE="text-align: right">6</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="padding-left: 0.375in">Section&nbsp;3.5.</TD>
 <TD>Successor Administrator</TD>
 <TD STYLE="text-align: right"