Pooling and Servicing Agreement (2001)Full Document 

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                         POOLING AND SERVICING AGREEMENT


                                      among



                               CIT EC - EF 2001-A,
                                   as Issuer,



                          NCT FUNDING COMPANY, L.L.C.,
                                  as Depositor,




                            CIT FINANCIAL USA, INC.,
                         in its individual capacity, and



                     THE CIT GROUP/EQUIPMENT FINANCING, INC.
                                   as Servicer




                           Dated as of August 1, 2001







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                                TABLE OF CONTENTS

Page ----- ARTICLE I DEFINITIONS.............................................................................................1 Section 1.01 Definitions.................................................................................1 Section 1.02 Usage of Terms.............................................................................37 Section 1.03 Section References.........................................................................37 Section 1.04 Accounting Terms...........................................................................38 ARTICLE II FUNDINGS OF TRUST; TRANSFERS OF CONTRACTS.............................................................38 Section 2.01 Creation and Funding of Trust; Transfer of Transferred Assets to Trust.....................38 Section 2.02 Conditions to Transfers....................................................................39 Section 2.03 Acceptance by Trust........................................................................41 Section 2.04 Conveyance of Substitute Contracts.........................................................42 Section 2.05 Release of Excluded Amounts................................................................43 ARTICLE III REPRESENTATIONS AND WARRANTIES.......................................................................43 Section 3.01 Representations and Warranties Regarding the Depositor.....................................44 Section 3.02 Representations and Warranties of the Servicer.............................................47 ARTICLE IV PERFECTION OF TRANSFERS AND PROTECTION OF SECURITY INTERESTS..........................................48 Section 4.01 Custody of Contracts.......................................................................48 Section 4.02 Filings....................................................................................49 Section 4.03 Name Change or Relocation..................................................................50 Section 4.04 Maintenance of Security Interests in Vehicles; Retitling...................................50 ARTICLE V SERVICING OF CONTRACTS.................................................................................51 Section 5.01 Initial Servicer's Appointment and Acceptance; Responsibility for Contract Administration.............................................................................51 Section 5.02 General Duties.............................................................................51 Section 5.03 Assignment or Replacement..................................................................52 Section 5.04 Disposition Upon Termination of Contract...................................................52 Section 5.05 Subservicers...............................................................................52 Section 5.06 Further Assurance..........................................................................53 Section 5.07 Notice to Obligors.........................................................................53 Section 5.08 Collection Efforts; Modification of Contracts..............................................53 Section 5.09 Prepayments of Certain Contracts...........................................................54 Section 5.10 Certain Extensions; Acceleration...........................................................54
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