Common use of Appointment of Custodian Clause in Contracts

Appointment of Custodian. To reduce administrative costs and facilitate the servicing of the Receivables by the Servicer, the Issuer appoints Ford Credit, in its capacity as the Servicer, to act as the Custodian of the Receivables for the Issuer and the Indenture Trustee, as their interests may appear. Ford Credit accepts the appointment and agrees to perform the custodial obligations in this Section 3.12.

Appointment of Custodian. To reduce administrative costs and facilitate the servicing of the Receivables by the Servicer, the Issuer appoints Ford Credit, in its capacity as the Servicer, to act as the Custodian custodian of the Receivables for the Issuer and the Indenture Trustee, as their interests may appear. Ford Credit accepts the such appointment and agrees to perform the custodial obligations duties set forth in this Section 3.122.5. Ford Credit in its capacity as custodian under this Agreement is referred to as the “Custodian.”

Appointment of Custodian. To reduce administrative costs and facilitate the servicing of the Receivables by the Servicer, the Issuer appoints Ford Credit, in its capacity as the Servicer, to act as the Custodian custodian of the Receivables for the Issuer and the Indenture Trustee, as their interests may appear. Ford Credit accepts the such appointment and agrees to perform the custodial obligations duties set forth in this Section 3.122.5. Ford Credit in its capacity as custodian under this Agreement is referred to as the "Custodian."

Appointment of Custodian. To reduce administrative costs and facilitate the servicing of the Receivables by the Servicer, the Issuer appoints Ford Credit, in its capacity as the Servicer, to act as the Custodian custodian of the Receivables for the Issuer and the Indenture Trustee, as their interests may appear. Ford Credit accepts the appointment and agrees to perform the custodial obligations duties in this Section 3.122.5. Ford Credit in its capacity as custodian under this Agreement is referred to as the “Custodian.”

Appointment of Custodian. To reduce administrative costs and facilitate the servicing of the Receivables by the Servicer, the Issuer appoints Ford Credit, in its capacity as the Servicer, to act as the Custodian of the Receivables for the Issuer and the Indenture Trustee, as their interests may appear. Ford Credit accepts the appointment and agrees to perform the custodial obligations in this Section 3.123.13.