EXHIBIT 10(a)
RECEIVABLES SALE AGREEMENT
DATED AS OF MARCH 30, 2001
AMONG
ARVINMERITOR RECEIVABLES CORPORATION,
AS THE SELLER,
ARVINMERITOR, INC.,
as the Initial Collection Agent,
ABN AMRO BANK N.V.,
AS THE AGENT,
THE LIQUIDITY PROVIDERS
FROM TIME TO TIME PARTY HERETO,
ABN AMRO BANK N.V.,
AS THE ENHANCER,
AND
AMSTERDAM FUNDING CORPORATION
TABLE OF CONTENTS
ARTICLE I PURCHASES FROM SELLER AND SETTLEMENTS.........................................
Section 1.1. Sales.........................................................................
Section 1.2. Interim Liquidations..........................................................
Section 1.3. Selection of Discount Rates and Tranche Periods...............................
Section 1.4. Fees and Other Costs and Expenses.............................................
Section 1.5. Maintenance of Sold Interest; Deemed Collection...............................
Section 1.6. Reduction in Commitments......................................................
Section 1.7. Repurchases...................................................................
Section 1.8. Security Interest.............................................................
ARTICLE II SALES TO AND FROM AMSTERDAM; ALLOCATIONS......................................
Section 2.1. Required Purchases from Amsterdam.............................................
Section 2.2. Purchases by Amsterdam........................................................
Section 2.3. Allocations and Distributions.................................................
ARTICLE III ADMINISTRATION AND COLLECTIONS................................................
Section 3.1. Appointment of Collection