Common use of Borrower’s Obligations Clause in Contracts

Borrower’s Obligations. The Borrowers’ obligations under the 2019-A Exchange Note and the other Purchased Property are solely the Borrower’s obligations and are not the Sponsor’s obligation or an interest in any of the Sponsor’s assets. The Depositor acknowledges and agrees that it has no right, title or interest in any assets of the Sponsor for the payment of amounts due or for the performance of obligations under the 2019-A Exchange Note or the other Purchased Property, except for the performance of the Sponsor’s obligations in its capacity as the Servicer or the Administrator under the Transaction Documents.

Appears in 2 contracts

Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2019-A), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2019-A)

AutoNDA by SimpleDocs

Borrower’s Obligations. The Borrowers' obligations under the 20192024-A Exchange Note and the other Purchased Property are solely the Borrower’s Borrowers' obligations and are not the Sponsor’s 's obligation or an interest in any of the Sponsor’s 's assets. The Depositor acknowledges and agrees that it has no right, title or interest in any assets of the Sponsor for the payment of amounts due or for the performance of obligations under the 20192024-A Exchange Note or the other Purchased Property, except for the performance of the Sponsor’s 's obligations in its capacity as the Servicer or the Administrator under the Transaction Documents.

Appears in 2 contracts

Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2024-A), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2024-A)

Borrower’s Obligations. The Borrowers' obligations under the 20192022-A Exchange Note and the other Purchased Property are solely the Borrower’s Borrowers' obligations and are not the Sponsor’s 's obligation or an interest in any of the Sponsor’s 's assets. The Depositor acknowledges and agrees that it has no right, title or interest in any assets of the Sponsor for the payment of amounts due or for the performance of obligations under the 20192022-A Exchange Note or the other Purchased Property, except for the performance of the Sponsor’s 's obligations in its capacity as the Servicer or the Administrator under the Transaction Documents.

Appears in 2 contracts

Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2022-A), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2022-A)

Borrower’s Obligations. The Borrowers’ obligations under the 20192016-A Exchange Note and the other Purchased Property are solely the Borrower’s obligations and are not the Sponsor’s obligation or an interest in any of the Sponsor’s assets. The Depositor acknowledges and agrees that it has no right, title or interest in any assets of the Sponsor for the payment of amounts due or for the performance of obligations under the 20192016-A Exchange Note or the other Purchased Property, except for the performance of the Sponsor’s obligations in its capacity as the Servicer or the Administrator under the Transaction Documents.

Appears in 2 contracts

Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Two LLC), Exchange Note Purchase Agreement (Ford Credit Auto Lease Two LLC)

Borrower’s Obligations. The Borrowers’ obligations under the 20192021-A B Exchange Note and the other Purchased Property are solely the Borrower’s Borrowers’ obligations and are not the Sponsor’s obligation or an interest in any of the Sponsor’s assets. The Depositor acknowledges and agrees that it has no right, title or interest in any assets of the Sponsor for the payment of amounts due or for the performance of obligations under the 20192021-A B Exchange Note or the other Purchased Property, except for the performance of the Sponsor’s obligations in its capacity as the Servicer or the Administrator under the Transaction Documents.

Appears in 2 contracts

Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2021-B), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2021-B)

Borrower’s Obligations. The Borrowers' obligations under the 20192023-A Exchange Note and the other Purchased Property are solely the Borrower’s Borrowers' obligations and are not the Sponsor’s 's obligation or an interest in any of the Sponsor’s 's assets. The Depositor acknowledges and agrees that it has no right, title or interest in any assets of the Sponsor for the payment of amounts due or for the performance of obligations under the 20192023-A Exchange Note or the other Purchased Property, except for the performance of the Sponsor’s 's obligations in its capacity as the Servicer or the Administrator under the Transaction Documents.

Appears in 2 contracts

Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2023-A), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2023-A)

Borrower’s Obligations. The Borrowers’ obligations under the 2019-A B Exchange Note and the other Purchased Property are solely the Borrower’s obligations and are not the Sponsor’s obligation or an interest in any of the Sponsor’s assets. The Depositor acknowledges and agrees that it has no right, title or interest in any assets of the Sponsor for the payment of amounts due or for the performance of obligations under the 2019-A B Exchange Note or the other Purchased Property, except for the performance of the Sponsor’s obligations in its capacity as the Servicer or the Administrator under the Transaction Documents.

Appears in 2 contracts

Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2019-B), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2019-B)

Borrower’s Obligations. The Borrowers’ obligations under the 20192020-A Exchange Note and the other Purchased Property are solely the Borrower’s obligations and are not the Sponsor’s obligation or an interest in any of the Sponsor’s assets. The Depositor acknowledges and agrees that it has no right, title or interest in any assets of the Sponsor for the payment of amounts due or for the performance of obligations under the 20192020-A Exchange Note or the other Purchased Property, except for the performance of the Sponsor’s obligations in its capacity as the Servicer or the Administrator under the Transaction Documents.

Appears in 2 contracts

Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2020-A), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2020-A)

AutoNDA by SimpleDocs

Borrower’s Obligations. The Borrowers’ obligations under the 20192017-A Exchange Note and the other Purchased Property are solely the Borrower’s obligations and are not the Sponsor’s obligation or an interest in any of the Sponsor’s assets. The Depositor acknowledges and agrees that it has no right, title or interest in any assets of the Sponsor for the payment of amounts due or for the performance of obligations under the 20192017-A Exchange Note or the other Purchased Property, except for the performance of the Sponsor’s obligations in its capacity as the Servicer or the Administrator under the Transaction Documents.

Appears in 2 contracts

Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2017-A), Exchange Note Purchase Agreement (Ford Credit Auto Lease Two LLC)

Borrower’s Obligations. The Borrowers’ obligations under the 20192021-A Exchange Note and the other Purchased Property are solely the Borrower’s Borrowers’ obligations and are not the Sponsor’s obligation or an interest in any of the Sponsor’s assets. The Depositor acknowledges and agrees that it has no right, title or interest in any assets of the Sponsor for the payment of amounts due or for the performance of obligations under the 20192021-A Exchange Note or the other Purchased Property, except for the performance of the Sponsor’s obligations in its capacity as the Servicer or the Administrator under the Transaction Documents.

Appears in 2 contracts

Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2021-A), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2021-A)

Borrower’s Obligations. The Borrowers' obligations under the 20192023-A B Exchange Note and the other Purchased Property are solely the Borrower’s Borrowers' obligations and are not the Sponsor’s 's obligation or an interest in any of the Sponsor’s 's assets. The Depositor acknowledges and agrees that it has no right, title or interest in any assets of the Sponsor for the payment of amounts due or for the performance of obligations under the 20192023-A B Exchange Note or the other Purchased Property, except for the performance of the Sponsor’s 's obligations in its capacity as the Servicer or the Administrator under the Transaction Documents.

Appears in 2 contracts

Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2023-B), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2023-B)

Borrower’s Obligations. The Borrowers’ obligations under the 20192018-A Exchange Note and the other Purchased Property are solely the Borrower’s obligations and are not the Sponsor’s obligation or an interest in any of the Sponsor’s assets. The Depositor acknowledges and agrees that it has no right, title or interest in any assets of the Sponsor for the payment of amounts due or for the performance of obligations under the 20192018-A Exchange Note or the other Purchased Property, except for the performance of the Sponsor’s obligations in its capacity as the Servicer or the Administrator under the Transaction Documents.

Appears in 2 contracts

Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2018-A), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2018-A)

Borrower’s Obligations. The Borrowers’ obligations under the 20192017-A B Exchange Note and the other Purchased Property are solely the Borrower’s obligations and are not the Sponsor’s obligation or an interest in any of the Sponsor’s assets. The Depositor acknowledges and agrees that it has no right, title or interest in any assets of the Sponsor for the payment of amounts due or for the performance of obligations under the 20192017-A B Exchange Note or the other Purchased Property, except for the performance of the Sponsor’s obligations in its capacity as the Servicer or the Administrator under the Transaction Documents.

Appears in 2 contracts

Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2017-B), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2017-B)

Time is Money Join Law Insider Premium to draft better contracts faster.