Introductory Clause Example with 6 Variations from Business Contracts

This page contains Introductory clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Introductory. CNH Capital Receivables LLC, a Delaware limited liability company (the "Seller"), proposes to cause CNH Equipment Trust 2021-C (the "Trust") to issue $221,000,000 principal amount of 0.11014% Class A-1 Asset Backed Notes (the "Class A-1 Notes"), $306,500,000 principal amount of 0.33% Class A-2 Asset Backed Notes (the "Class A-2 Notes"), $306,500,000 principal amount of 0.81% Class A-3 Asset Backed Notes (the "Class A-3 Notes"), $85,270,000 principal amount of 1.16% Class A-4 Asset Backed Notes (...the "Class A-4 Notes" and, together with the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes, the "Class A Notes") and $21,160,000 principal amount of 1.41% Class B Asset Backed Notes (the "Class B Notes" and, together with the Class A Notes, the "Notes"). Pursuant to the terms hereof, the Seller agrees to sell the Class A Notes and the Class B Notes to the several underwriters named in Schedule I hereto (collectively, the "Underwriters"), for whom you are acting as representatives (the "Representatives"), in the respective amounts listed on Schedule I hereto. The Notes will be issued pursuant to the Indenture to be dated as of October 1, 2021 (as amended and supplemented from time to time, the "Indenture"), between the Trust and Citibank, N.A., as indenture trustee (the "Indenture Trustee"). The assets of the Trust include, among other things, a pool of fixed rate retail installment sale contracts and retail installment loans (the "Receivables") secured by new or used agricultural or construction equipment and the related security interests in the equipment financed thereby. The Receivables were sold to the Trust by the Seller. The Receivables are serviced for the Trust by New Holland Credit Company, LLC, a Delaware limited liability company ("New Holland"). The Trust will provide for the review of the Receivables for compliance with the representations and warranties made about them in certain circumstances under an asset representations review agreement to be dated as of October 1, 2021 (as amended and supplemented from time to time, the "Asset Representations Review Agreement"), among the Trust, New Holland, as servicer (the "Servicer"), and Clayton Fixed Income Services LLC, as asset representations reviewer (the "Asset Representations Reviewer"). Simultaneously with the issuance and sale of the Notes as contemplated in this Agreement, the Trust will issue to the Seller certificates representing fractional undivided equity interests in the Trust (the "Certificates"). The Notes and the Certificates are sometimes referred to herein as the "Securities." Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Sale and Servicing Agreement to be dated as of October 1, 2021 (as amended and supplemented from time to time, the "Sale and Servicing Agreement"), among the Trust, the Seller and the Servicer, or, if not defined therein, in the Indenture or the Trust Agreement dated as of October 8, 2021 (as amended and supplemented from time to time, the "Trust Agreement"), between the Seller and Wilmington Trust Company, as trustee (the "Trustee"). Prior to the time when sales to purchasers of the Notes were first made to investors by the several Underwriters, which was approximately 12:30 p.m. (New York time) on October 19, 2021 (the "Time of Sale"), the Seller had prepared the following information (collectively, the "Time of Sale Information"): the preliminary prospectus dated October 13, 2021 (together, along with information referred to under the caption "Annex A—Static Pool Data" therein, the "Preliminary Prospectus") and the free writing prospectus dated October 13, 2021 (the "Initial Free Writing Prospectus") in the form filed with the Securities and Exchange Commission (the "Commission") on October 13, 2021. If, subsequent to the Time of Sale and prior to the Closing Date (as defined below), such information included an untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and as a result investors in the Notes may terminate their old "Contracts of Sale" (within the meaning of Rule 159 under the Securities Act of 1933, as amended (the "Act")) for any Notes and the Underwriters enter into new Contracts of Sale with investors in the Notes, then "Time of Sale Information" will refer to the information conveyed to investors at least 48 hours prior to the time of entry into the first such new Contract of Sale, in an amended Preliminary Prospectus approved by the Seller and the Representatives that corrects such material misstatements or omissions (a "Corrected Prospectus") and "Time of Sale" will refer to the time and date on which such new Contracts of Sale were entered into. View More

Variations of a "Introductory" Clause from Business Contracts

Introductory. CNH Capital Receivables LLC, a Delaware limited liability company (the "Seller"), proposes to cause CNH Equipment Trust 2021-C 2014-A (the "Trust") to issue $221,000,000 and sell $172,000,000 principal amount of 0.11014% 0.20% Class A-1 Asset Backed Notes (the "Class A-1 Notes"), $306,500,000 Notes"); $334,000,000 principal amount of 0.33% 0.49% Class A-2 Asset Backed Notes (the "Class A-2 Notes"), $306,500,000 Notes"); $328,000,000 principal amount of 0.81% 0.84% Class A-3 Asset Backed Notes (t...he "Class A-3 Notes"), $85,270,000 Notes"); $166,000,000 principal amount of 1.16% 1.50% Class A-4 Asset Backed Notes (the "Class A-4 Notes" and, together with Notes", and collectively, the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-3 A-4 Notes, the "Class A Notes") Notes"); and $21,160,000 $23,017,000 principal amount of 1.41% 1.93% Class B Asset Backed Notes (the "Class B Notes" and, together with the Class A Notes, the "Notes"). Pursuant to the terms hereof, the Seller agrees to sell the Class A Notes and the Class B Notes "Notes") to the several underwriters named in Schedule I hereto (collectively, the "Underwriters"), for whom you are acting as representatives (the "Representatives"), in the respective amounts listed on Schedule I hereto. "Representatives"). The Notes will be issued pursuant to the Indenture to be dated as of October February 1, 2021 2014 (as amended and supplemented from time to time, the "Indenture"), between the Trust and Citibank, N.A., Deutsche Bank Trust Company Americas, as indenture trustee (the "Indenture Trustee"). The assets of the Trust include, among other things, a pool of fixed rate retail installment sale contracts and retail installment loans (the "Receivables") secured by new or used agricultural or construction equipment and the related security interests in the equipment financed thereby. The Receivables were sold to the Trust by the Seller. The Receivables are serviced for the Trust by New Holland Credit Company, LLC, a Delaware limited liability company ("New Holland"). The Trust will provide for the review of the Receivables for compliance with the representations and warranties made about them in certain circumstances under an asset representations review agreement to be dated as of October 1, 2021 (as amended and supplemented from time to time, the "Asset Representations Review Agreement"), among the Trust, New Holland, as servicer (the "Servicer"), and Clayton Fixed Income Services LLC, as asset representations reviewer (the "Asset Representations Reviewer"). Simultaneously with the issuance and sale of the Notes as contemplated in this Agreement, the Trust will issue to the Seller certificates representing fractional undivided equity interests in the Trust (the "Certificates"). The Notes and the Certificates are sometimes referred to herein as the "Securities." Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Sale and Servicing Agreement to be dated as of October February 1, 2021 2014 (as amended and supplemented from time to time, the "Sale and Servicing Agreement"), among the Trust, the Seller and the Servicer, New Holland, as servicer, or, if not defined therein, in the Indenture or the Trust Agreement dated as of October 8, 2021 February 1, 2014 (as amended and supplemented from time to time, the "Trust Agreement"), between the Seller and Wilmington Trust Company, as trustee (the "Trustee"). Prior At or prior to the time when sales to purchasers of the Notes were first made to investors by the several Underwriters, which was approximately 12:30 p.m. (New York time) on October 19, 2021 February 12, 2014 (the "Time of Sale"), the Seller had prepared the following information (collectively, the "Time of Sale Information"): the preliminary prospectus supplement dated October 13, 2021 February 6, 2014, as amended and supplemented by a supplement to such preliminary prospectus supplement dated February 12, 2014 (the "Preliminary Prospectus Supplement") to the base prospectus dated February 6, 2014 (the "Base Prospectus") (together, along with information referred to under the caption "Annex A—Static Pool Data" therein, the "Preliminary Prospectus") and the free writing prospectus dated October 13, 2021 February 6, 2014 (the "Initial Free Writing Prospectus") in the form filed with the Securities and Exchange Commission (the "Commission") on October 13, 2021. February 6, 2014. If, subsequent to the Time of Sale and prior to the Closing Date (as defined below), such information included an untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and as a result investors in the Notes may terminate their old "Contracts of Sale" (within the meaning of Rule 159 under the Securities Act of 1933, as amended (the "Act")) for any Notes and the Underwriters enter into new Contracts of Sale with investors in the Notes, then "Time of Sale Information" will refer to the information conveyed to investors at least 48 hours prior to the time of entry into the first such new Contract of Sale, in an amended Preliminary Prospectus approved by the Seller and the Representatives that corrects such material misstatements or omissions (a "Corrected Prospectus") and "Time of Sale" will refer to the time and date on which such new Contracts of Sale were entered into. View More
Introductory. CNH Capital Receivables LLC, a Delaware limited liability company (the "Seller"), proposes to cause CNH Equipment Trust 2021-C 2015-A (the "Trust") to issue $221,000,000 and sell $158,000,000 principal amount of 0.11014% 0.25% Class A-1 Asset Backed Notes (the "Class A-1 Notes"), $306,500,000 Notes"); $268,000,000 principal amount of 0.33% 0.84% Class A-2 Asset Backed Notes (the "Class A-2 Notes"), $306,500,000 Notes"); $244,000,000 principal amount of 0.81% 1.30% Class A-3 Asset Backed Notes (t...he "Class A-3 Notes"), $85,270,000 Notes"); $112,000,000 principal amount of 1.16% 1.85% Class A-4 Asset Backed Notes (the "Class A-4 Notes" and, together with Notes", and collectively, the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-3 A-4 Notes, the "Class A Notes") Notes"); and $21,160,000 $18,000,000 principal amount of 1.41% 2.14% Class B Asset Backed Notes (the "Class B Notes" and, together with the Class A Notes, the "Notes"). Pursuant to the terms hereof, the Seller agrees to sell the Class A Notes and the Class B Notes "Notes") to the several underwriters named in Schedule I hereto (collectively, the "Underwriters"), for whom you are acting as representatives (the "Representatives"), in the respective amounts listed on Schedule I hereto. "Representatives"). The Notes will be issued pursuant to the Indenture to be dated as of October February 1, 2021 2015 (as amended and supplemented from time to time, the "Indenture"), between the Trust and Citibank, N.A., Deutsche Bank Trust Company Americas, as indenture trustee (the "Indenture Trustee"). The assets of the Trust include, among other things, a pool of fixed rate retail installment sale contracts and retail installment loans (the "Receivables") secured by new or used agricultural or construction equipment and the related security interests in the equipment financed thereby. The Receivables were sold to the Trust by the Seller. The Receivables are serviced for the Trust by New Holland Credit Company, LLC, a Delaware limited liability company ("New Holland"). The Trust will provide for the review of the Receivables for compliance with the representations and warranties made about them in certain circumstances under an asset representations review agreement to be dated as of October 1, 2021 (as amended and supplemented from time to time, the "Asset Representations Review Agreement"), among the Trust, New Holland, as servicer (the "Servicer"), and Clayton Fixed Income Services LLC, as asset representations reviewer (the "Asset Representations Reviewer"). Simultaneously with the issuance and sale of the Notes as contemplated in this Agreement, the Trust will issue to the Seller certificates representing fractional undivided equity interests in the Trust (the "Certificates"). The Notes and the Certificates are sometimes referred to herein as the "Securities." Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Sale and Servicing Agreement to be dated as of October February 1, 2021 2015 (as amended and supplemented from time to time, the "Sale and Servicing Agreement"), among the Trust, the Seller and the Servicer, New Holland, as servicer, or, if not defined therein, in the Indenture or the Trust Agreement dated as of October 8, 2021 January 1, 2015 (as amended and supplemented from time to time, the "Trust Agreement"), between the Seller and Wilmington Trust Company, as trustee (the "Trustee"). Prior At or prior to the time when sales to purchasers of the Notes were first made to investors by the several Underwriters, which was approximately 12:30 2:33 p.m. (New York time) on October 19, 2021 February 25, 2015 (the "Time of Sale"), the Seller had prepared the following information (collectively, the "Time of Sale Information"): the preliminary prospectus supplement dated October 13, 2021 February 19, 2015 (the "Preliminary Prospectus Supplement") to the base prospectus dated February 19, 2015 (the "Base Prospectus") (together, along with information referred to under the caption "Annex A—Static Pool Data" therein, the "Preliminary Prospectus") and the free writing prospectus dated October 13, 2021 February 19, 2015 (the "Initial Free Writing Prospectus") in the form filed with the Securities and Exchange Commission (the "Commission") on October 13, 2021. February 19, 2015. If, subsequent to the Time of Sale and prior to the Closing Date (as defined below), such information included an untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and as a result investors in the Notes may terminate their old "Contracts of Sale" (within the meaning of Rule 159 under the Securities Act of 1933, as amended (the "Act")) for any Notes and the Underwriters enter into new Contracts of Sale with investors in the Notes, then "Time of Sale Information" will refer to the information conveyed to investors at least 48 hours prior to the time of entry into the first such new Contract of Sale, in an amended Preliminary Prospectus approved by the Seller and the Representatives that corrects such material misstatements or omissions (a "Corrected Prospectus") and "Time of Sale" will refer to the time and date on which such new Contracts of Sale were entered into. View More
Introductory. CNH Capital Receivables LLC, a Delaware limited liability company (the "Seller"), proposes to cause CNH Equipment Trust 2021-C 2014-B (the "Trust") to issue $221,000,000 and sell $188,000,000 principal amount of 0.11014% 0.19% Class A-1 Asset Backed Notes (the "Class A-1 Notes"), $306,500,000 Notes"); $315,000,000 principal amount of 0.33% 0.48% Class A-2 Asset Backed Notes (the "Class A-2 Notes"), $306,500,000 Notes"); $310,000,000 principal amount of 0.81% 0.91% Class A-3 Asset Backed Notes (t...he "Class A-3 Notes"), $85,270,000 Notes"); $164,070,000 principal amount of 1.16% 1.61% Class A-4 Asset Backed Notes (the "Class A-4 Notes" and, together with Notes", and collectively, the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-3 A-4 Notes, the "Class A Notes") Notes"); and $21,160,000 $22,497,000 principal amount of 1.41% 1.93% Class B Asset Backed Notes (the "Class B Notes" and, together with the Class A Notes, the "Notes"). Pursuant to the terms hereof, the Seller agrees to sell the Class A Notes and the Class B Notes "Notes") to the several underwriters named in Schedule I hereto (collectively, the "Underwriters"), for whom you are acting as representatives (the "Representatives"), in the respective amounts listed on Schedule I hereto. "Representatives"). The Notes will be issued pursuant to the Indenture to be dated as of October May 1, 2021 2014 (as amended and supplemented from time to time, the "Indenture"), between the Trust and Citibank, N.A., Deutsche Bank Trust Company Americas, as indenture trustee (the "Indenture Trustee"). The assets of the Trust include, among other things, a pool of fixed rate retail installment sale contracts and retail installment loans (the "Receivables") secured by new or used agricultural or construction equipment and the related security interests in the equipment financed thereby. The Receivables were sold to the Trust by the Seller. The Receivables are serviced for the Trust by New Holland Credit Company, LLC, a Delaware limited liability company ("New Holland"). The Trust will provide for the review of the Receivables for compliance with the representations and warranties made about them in certain circumstances under an asset representations review agreement to be dated as of October 1, 2021 (as amended and supplemented from time to time, the "Asset Representations Review Agreement"), among the Trust, New Holland, as servicer (the "Servicer"), and Clayton Fixed Income Services LLC, as asset representations reviewer (the "Asset Representations Reviewer"). Simultaneously with the issuance and sale of the Notes as contemplated in this Agreement, the Trust will issue to the Seller certificates representing fractional undivided equity interests in the Trust (the "Certificates"). The Notes and the Certificates are sometimes referred to herein as the "Securities." Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Sale and Servicing Agreement to be dated as of October May 1, 2021 2014 (as amended and supplemented from time to time, the "Sale and Servicing Agreement"), among the Trust, the Seller and the Servicer, New Holland, as servicer, or, if not defined therein, in the Indenture or the Trust Agreement dated as of October 8, 2021 May 1, 2014 (as amended and supplemented from time to time, the "Trust Agreement"), between the Seller and Wilmington Trust Company, as trustee (the "Trustee"). Prior At or prior to the time when sales to purchasers of the Notes were first made to investors by the several Underwriters, which was approximately 12:30 4:30 p.m. (New York time) on October 19, 2021 June 3, 2014 (the "Time of Sale"), the Seller had prepared the following information (collectively, the "Time of Sale Information"): the preliminary prospectus supplement dated October 13, 2021 May 29, 2014 (the "Preliminary Prospectus Supplement") to the base prospectus dated May 29, 2014 (the "Base Prospectus") (together, along with information referred to under the caption "Annex A—Static Pool Data" therein, the "Preliminary Prospectus") and the free writing prospectus dated October 13, 2021 May 29, 2014 (the "Initial Free Writing Prospectus") in the form filed with the Securities and Exchange Commission (the "Commission") on October 13, 2021. May 29, 2014. If, subsequent to the Time of Sale and prior to the Closing Date (as defined below), such information included an untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and as a result investors in the Notes may terminate their old "Contracts of Sale" (within the meaning of Rule 159 under the Securities Act of 1933, as amended (the "Act")) for any Notes and the Underwriters enter into new Contracts of Sale with investors in the Notes, then "Time of Sale Information" will refer to the information conveyed to investors at least 48 hours prior to the time of entry into the first such new Contract of Sale, in an amended Preliminary Prospectus approved by the Seller and the Representatives that corrects such material misstatements or omissions (a "Corrected Prospectus") and "Time of Sale" will refer to the time and date on which such new Contracts of Sale were entered into. View More
Introductory. CNH Capital Receivables LLC, a Delaware limited liability company (the "Seller"), proposes to cause CNH Equipment Trust 2021-C 2014-C (the "Trust") to issue $221,000,000 and sell $219,000,000 principal amount of 0.11014% 0.20% Class A-1 Asset Backed Notes (the "Class A-1 Notes"), $306,500,000 Notes"); $280,000,000 principal amount of 0.33% 0.63% Class A-2 Asset Backed Notes (the "Class A-2 Notes"), $306,500,000 Notes"); $350,000,000 principal amount of 0.81% 1.05% Class A-3 Asset Backed Notes (t...he "Class A-3 Notes"), $85,270,000 Notes"); $127,587,000 principal amount of 1.16% 1.65% Class A-4 Asset Backed Notes (the "Class A-4 Notes" and, together with Notes", and collectively, the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-3 A-4 Notes, the "Class A Notes") Notes"); and $21,160,000 $22,479,000 principal amount of 1.41% 1.95% Class B Asset Backed Notes (the "Class B Notes" and, together with the Class A Notes, the "Notes"). Pursuant to the terms hereof, the Seller agrees to sell the Class A Notes and the Class B Notes "Notes") to the several underwriters named in Schedule I hereto (collectively, the "Underwriters"), for whom you are acting as representatives (the "Representatives"), in the respective amounts listed on Schedule I hereto. "Representatives"). The Notes will be issued pursuant to the Indenture to be dated as of October 1, 2021 2014 (as amended and supplemented from time to time, the "Indenture"), between the Trust and Citibank, N.A., as indenture trustee (the "Indenture Trustee"). The assets of the Trust include, among other things, a pool of fixed rate retail installment sale contracts and retail installment loans (the "Receivables") secured by new or used agricultural or construction equipment and the related security interests in the equipment financed thereby. The Receivables were sold to the Trust by the Seller. The Receivables are serviced for the Trust by New Holland Credit Company, LLC, a Delaware limited liability company ("New Holland"). The Trust will provide for the review of the Receivables for compliance with the representations and warranties made about them in certain circumstances under an asset representations review agreement to be dated as of October 1, 2021 (as amended and supplemented from time to time, the "Asset Representations Review Agreement"), among the Trust, New Holland, as servicer (the "Servicer"), and Clayton Fixed Income Services LLC, as asset representations reviewer (the "Asset Representations Reviewer"). Simultaneously with the issuance and sale of the Notes as contemplated in this Agreement, the Trust will issue to the Seller certificates representing fractional undivided equity interests in the Trust (the "Certificates"). The Notes and the Certificates are sometimes referred to herein as the "Securities." Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Sale and Servicing Agreement to be dated as of October 1, 2021 2014 (as amended and supplemented from time to time, the "Sale and Servicing Agreement"), among the Trust, the Seller and the Servicer, New Holland, as servicer, or, if not defined therein, in the Indenture or the Trust Agreement dated as of October 8, 2021 1, 2014 (as amended and supplemented from time to time, the "Trust Agreement"), between the Seller and Wilmington Trust Company, as trustee (the "Trustee"). Prior At or prior to the time when sales to purchasers of the Notes were first made to investors by the several Underwriters, which was approximately 12:30 12:26 p.m. (New York time) on October 19, 2021 16, 2014 (the "Time of Sale"), the Seller had prepared the following information (collectively, the "Time of Sale Information"): the preliminary prospectus supplement dated October 13, 2021 8, 2014 (the "Preliminary Prospectus Supplement") to the base prospectus dated October 8, 2014 (the "Base Prospectus") (together, along with information referred to under the caption "Annex A—Static Pool Data" therein, the "Preliminary Prospectus") and the free writing prospectus dated October 13, 2021 8, 2014 (the "Initial Free Writing Prospectus") in the form filed with the Securities and Exchange Commission (the "Commission") on October 13, 2021. 8, 2014. If, subsequent to the Time of Sale and prior to the Closing Date (as defined below), such information included an untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and as a result investors in the Notes may terminate their old "Contracts of Sale" (within the meaning of Rule 159 under the Securities Act of 1933, as amended (the "Act")) for any Notes and the Underwriters enter into new Contracts of Sale with investors in the Notes, then "Time of Sale Information" will refer to the information conveyed to investors at least 48 hours prior to the time of entry into the first such new Contract of Sale, in an amended Preliminary Prospectus approved by the Seller and the Representatives that corrects such material misstatements or omissions (a "Corrected Prospectus") and "Time of Sale" will refer to the time and date on which such new Contracts of Sale were entered into. View More
Introductory. CNH Capital Receivables LLC, a Delaware limited liability company (the "Seller"), proposes to cause CNH Equipment Trust 2021-C 2016-C (the "Trust") to issue $221,000,000 and sell $156,500,000 principal amount of 0.11014% 0.75% Class A-1 Asset Backed Notes (the "Class A-1 Notes"), $306,500,000 $290,000,000 principal amount of 0.33% 1.26% Class A-2 Asset Backed Notes (the "Class A-2 Notes"), $306,500,000 $213,930,000 principal amount of 0.81% 1.44% Class A-3 Asset Backed Notes (the "Class A-3 Note...s"), $85,270,000 $75,000,000 principal amount of 1.16% 1.76% Class A-4 Asset Backed Notes (the "Class A-4 Notes" and, together with Notes", and collectively, the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-3 A-4 Notes, the "Class A Notes") and $21,160,000 $16,930,000 principal amount of 1.41% 1.93% Class B Asset Backed Notes (the "Class B Notes" and, together with the Class A Notes, the "Notes"). Pursuant to the terms hereof, the Seller agrees to sell the Class A Notes and the Class B Notes "Notes") to the several underwriters named in Schedule I hereto (collectively, the "Underwriters"), for whom you are acting as representatives (the "Representatives"), in the respective amounts listed on Schedule I hereto. "Representatives"). The Notes will be issued pursuant to the Indenture to be dated as of October September 1, 2021 2016 (as amended and supplemented from time to time, the "Indenture"), between the Trust and Citibank, N.A., as indenture trustee (the "Indenture Trustee"). The assets of the Trust include, among other things, a pool of fixed rate retail installment sale contracts and retail installment loans (the "Receivables") secured by new or used agricultural or construction equipment and the related security interests in the equipment financed thereby. The Receivables were sold to the Trust by the Seller. The Receivables are serviced for the Trust by New Holland Credit Company, LLC, a Delaware limited liability company ("New Holland"). The Trust will provide for the review of the Receivables for compliance with the representations and warranties made about them in certain circumstances under an asset representations review agreement to be dated as of October September 1, 2021 2016 (as amended and supplemented from time to time, the "Asset Representations Review Agreement"), among the Trust, New Holland, as servicer (the "Servicer"), and Clayton Fixed Income Services LLC, as asset representations reviewer (the "Asset Representations Reviewer"). Simultaneously with the issuance and sale of the Notes as contemplated in this Agreement, the Trust will issue to the Seller certificates representing fractional undivided equity interests in the Trust (the "Certificates"). The Notes and the Certificates are sometimes referred to herein as the "Securities." Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Sale and Servicing Agreement to be dated as of October September 1, 2021 2016 (as amended and supplemented from time to time, the "Sale and Servicing Agreement"), among the Trust, the Seller and the Servicer, or, if not defined therein, in the Indenture or the Trust Agreement dated as of October 8, 2021 August 26, 2016 (as amended and supplemented from time to time, the "Trust Agreement"), between the Seller and Wilmington Trust Company, as trustee (the "Trustee"). Prior to the time when sales to purchasers of the Notes were first made to investors by the several Underwriters, which was approximately 12:30 2:50 p.m. (New York time) on October 19, 2021 September 13, 2016 (the "Time of Sale"), the Seller had prepared the following information (collectively, the "Time of Sale Information"): the preliminary prospectus dated October 13, 2021 September 7, 2016 (together, along with information referred to under the caption "Annex A—Static Pool Data" therein, the "Preliminary Prospectus") and the free writing prospectus dated October 13, 2021 September 7, 2016 (the "Initial Free Writing Prospectus") in the form filed with the Securities and Exchange Commission (the "Commission") on October 13, 2021. September 7, 2016. If, subsequent to the Time of Sale and prior to the Closing Date (as defined below), such information included an untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and as a result investors in the Notes may terminate their old "Contracts of Sale" (within the meaning of Rule 159 under the Securities Act of 1933, as amended (the "Act")) for any Notes and the Underwriters enter into new Contracts of Sale with investors in the Notes, then "Time of Sale Information" will refer to the information conveyed to investors at least 48 hours prior to the time of entry into the first such new Contract of Sale, in an amended Preliminary Prospectus approved by the Seller and the Representatives that corrects such material misstatements or omissions (a "Corrected Prospectus") and "Time of Sale" will refer to the time and date on which such new Contracts of Sale were entered into. View More
Introductory. CNH Capital Receivables LLC, a Delaware limited liability company (the "Seller"), proposes to cause CNH Equipment Trust 2021-C 2021-B (the "Trust") to issue $221,000,000 $163,000,000 principal amount of 0.11014% 0.14173% Class A-1 Asset Backed Notes (the "Class A-1 Notes"), $306,500,000 $273,000,000 principal amount of 0.33% 0.22% Class A-2 Asset Backed Notes (the "Class A-2 Notes"), $306,500,000 $313,000,000 principal amount of 0.81% 0.44% Class A-3 Asset Backed Notes (the "Class A-3 Notes"), $...85,270,000 $75,850,000 principal amount of 1.16% 0.70% Class A-4 Asset Backed Notes (the "Class A-4 Notes" and, together with the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes, the "Class A Notes") and $21,160,000 $18,990,000 principal amount of 1.41% 0.90% Class B Asset Backed Notes (the "Class B Notes" and, together with the Class A Notes, the "Notes"). Pursuant to the terms hereof, the Seller agrees to sell the Class A Notes and the Class B Notes to the several underwriters named in Schedule I hereto (collectively, the "Underwriters"), for whom you are acting as representatives (the "Representatives"), in the respective amounts listed on Schedule I hereto. The Notes will be issued pursuant to the Indenture to be dated as of October July 1, 2021 (as amended and supplemented from time to time, the "Indenture"), between the Trust and Citibank, N.A., as indenture trustee (the "Indenture Trustee"). The assets of the Trust include, among other things, a pool of fixed rate retail installment sale contracts and retail installment loans (the "Receivables") secured by new or used agricultural or construction equipment and the related security interests in the equipment financed thereby. The Receivables were sold to the Trust by the Seller. The Receivables are serviced for the Trust by New Holland Credit Company, LLC, a Delaware limited liability company ("New Holland"). The Trust will provide for the review of the Receivables for compliance with the representations and warranties made about them in certain circumstances under an asset representations review agreement to be dated as of October July 1, 2021 (as amended and supplemented from time to time, the "Asset Representations Review Agreement"), among the Trust, New Holland, as servicer (the "Servicer"), and Clayton Fixed Income Services LLC, as asset representations reviewer (the "Asset Representations Reviewer"). Simultaneously with the issuance and sale of the Notes as contemplated in this Agreement, the Trust will issue to the Seller certificates representing fractional undivided equity interests in the Trust (the "Certificates"). The Notes and the Certificates are sometimes referred to herein as the "Securities." Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Sale and Servicing Agreement to be dated as of October July 1, 2021 (as amended and supplemented from time to time, the "Sale and Servicing Agreement"), among the Trust, the Seller and the Servicer, or, if not defined therein, in the Indenture or the Trust Agreement dated as of October 8, July 9, 2021 (as amended and supplemented from time to time, the "Trust Agreement"), between the Seller and Wilmington Trust Company, as trustee (the "Trustee"). Prior to the time when sales to purchasers of the Notes were first made to investors by the several Underwriters, which was approximately 12:30 3:35 p.m. (New York time) on October 19, July 20, 2021 (the "Time of Sale"), the Seller had prepared the following information (collectively, the "Time of Sale Information"): the preliminary prospectus dated October 13, July 15, 2021 (together, along with information referred to under the caption "Annex A—Static Pool Data" therein, the "Preliminary Prospectus") and the free writing prospectus dated October 13, July 15, 2021 (the "Initial Free Writing Prospectus") in the form filed with the Securities and Exchange Commission (the "Commission") on October 13, July 15, 2021. If, subsequent to the Time of Sale and prior to the Closing Date (as defined below), such information included an untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and as a result investors in the Notes may terminate their old "Contracts of Sale" (within the meaning of Rule 159 under the Securities Act of 1933, as amended (the "Act")) for any Notes and the Underwriters enter into new Contracts of Sale with investors in the Notes, then "Time of Sale Information" will refer to the information conveyed to investors at least 48 hours prior to the time of entry into the first such new Contract of Sale, in an amended Preliminary Prospectus approved by the Seller and the Representatives that corrects such material misstatements or omissions (a "Corrected Prospectus") and "Time of Sale" will refer to the time and date on which such new Contracts of Sale were entered into. View More