Common use of Closing; Further Assignments Clause in Contracts

Closing; Further Assignments. (a) The sale and assignment of the First-Tier Assets will take place on the 2015-A Closing Date concurrently with the closings under the Second-Tier Sale Agreement and the Indenture. (b) The Seller acknowledges that (i) the Depositor will, under the Second-Tier Sale Agreement, sell and assign the First-Tier Assets to the Issuer and assign its rights under this Agreement to the Issuer (and will execute a savings clause analogous to Section 2.3 in favor of the Issuer) and (ii) the Issuer will, under the Indenture, assign and pledge the First-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 2015-A Secured Parties. The Seller consents to those assignments and pledge. (c) The Depositor acknowledges the appointment of Ford Credit as Servicer of the Collateral Specified Interests under the Servicing Agreement and as Servicer of the 2015-A Reference Pool under the Servicing Supplement.

Closing; Further Assignments. (a) The sale and assignment of the First-Tier Assets will take place on the 20152014-A Closing Date concurrently with the closings under the Second-Tier Sale Agreement and the Indenture. (b) The Seller acknowledges that (i) the Depositor will, under pursuant to the Second-Tier Sale Agreement, sell and assign the First-Tier Assets to the Issuer and assign its rights under this Agreement to the Issuer (and will execute a savings clause analogous to Section 2.3 in favor of the Issuer) and (ii) the Issuer will, under pursuant to the Indenture, assign and pledge the First-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 20152014-A Secured Parties. The Seller consents to those such assignments and pledge. (c) The Depositor acknowledges the appointment of Ford Credit as Servicer of with respect to the Collateral Specified Interests under pursuant to the Servicing Agreement and as Servicer of with respect to the 20152014-A Reference Pool under pursuant to the Servicing Supplement.

Closing; Further Assignments. (a) The sale and assignment of the First-Tier Assets will take place on the 20152013-A Closing Date concurrently with the closings under the Second-Tier Sale Agreement and the Indenture. (b) The Seller acknowledges that (i) the Depositor will, under pursuant to the Second-Tier Sale Agreement, sell and assign the First-Tier Assets to the Issuer and assign its rights under this Agreement to the Issuer (and will execute a savings clause analogous to Section 2.3 in favor of the Issuer) and (ii) the Issuer will, under pursuant to the Indenture, assign and pledge the First-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 20152013-A Secured Parties. The Seller consents to those such assignments and pledge. (c) The Depositor acknowledges the appointment of Ford Credit as Servicer of with respect to the Collateral Specified Interests under pursuant to the Servicing Agreement and as Servicer of with respect to the 20152013-A Reference Pool under pursuant to the Servicing Supplement.

Closing; Further Assignments. (a) The sale and assignment of the First-Tier Assets will take place on the 20152011-A B Closing Date concurrently with the closings under the Second-Tier Sale Agreement Agreement, the Indenture and the IndentureInitial Purchase Agreement. (b) The Seller acknowledges that (i) the Depositor will, under pursuant to the Second-Tier Sale Agreement, sell sell, transfer, assign and assign convey the First-Tier Assets to the Issuer and assign its rights under this Agreement to the Issuer (and will execute a savings clause analogous to Section 2.3 in favor of the Issuer) and (ii) the Issuer will, under pursuant to the Indenture, assign and pledge the First-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 20152011-A B Secured Parties. The Seller consents to those such assignments and pledge. (c) The Depositor acknowledges the appointment of Ford Credit as Servicer of with respect to the Collateral Specified Interests under pursuant to the Servicing Agreement and as Servicer of with respect to the 20152011-A B Reference Pool under pursuant to the Servicing Supplement.

Closing; Further Assignments. (a) The sale and assignment of the First-Tier Assets will take place on the 20152012-A B Closing Date concurrently with the closings under the Second-Tier Sale Agreement and the Indenture. (b) The Seller acknowledges that (i) the Depositor will, under pursuant to the Second-Tier Sale Agreement, sell and assign the First-Tier Assets to the Issuer and assign its rights under this Agreement to the Issuer (and will execute a savings clause analogous to Section 2.3 in favor of the Issuer) and (ii) the Issuer will, under pursuant to the Indenture, assign and pledge the First-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 20152012-A B Secured Parties. The Seller consents to those such assignments and pledge. (c) The Depositor acknowledges the appointment of Ford Credit as Servicer of with respect to the Collateral Specified Interests under pursuant to the Servicing Agreement and as Servicer of with respect to the 20152012-A B Reference Pool under pursuant to the Servicing Supplement.

Closing; Further Assignments. (a) The sale and assignment of the First-Tier Assets will take place on the 2015-A B Closing Date concurrently with the closings under the Second-Tier Sale Agreement and the Indenture. (b) The Seller acknowledges that (i) the Depositor will, under the Second-Tier Sale Agreement, sell and assign the First-Tier Assets to the Issuer and assign its rights under this Agreement to the Issuer (and will execute a savings clause analogous to Section 2.3 in favor of the Issuer) and (ii) the Issuer will, under the Indenture, assign and pledge the First-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 2015-A B Secured Parties. The Seller consents to those assignments and pledge. (c) The Depositor acknowledges the appointment of Ford Credit as Servicer of the Collateral Specified Interests under the Servicing Agreement and as Servicer of the 2015-A B Reference Pool under the Servicing Supplement.

Closing; Further Assignments. (a) The sale and assignment of the First-Tier Assets will take place on the 20152014-A B Closing Date concurrently with the closings under the Second-Tier Sale Agreement and the Indenture. (b) The Seller acknowledges that (i) the Depositor will, under the Second-Tier Sale Agreement, sell and assign the First-Tier Assets to the Issuer and assign its rights under this Agreement to the Issuer (and will execute a savings clause analogous to Section 2.3 in favor of the Issuer) and (ii) the Issuer will, under the Indenture, assign and pledge the First-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 20152014-A B Secured Parties. The Seller consents to those assignments and pledge. (c) The Depositor acknowledges the appointment of Ford Credit as Servicer of the Collateral Specified Interests under the Servicing Agreement and as Servicer of the 20152014-A B Reference Pool under the Servicing Supplement.

Closing; Further Assignments. (a) The sale and assignment of the First-Tier Assets will take place on the 20152011-A Closing Date concurrently with the closings under the Second-Tier Sale Agreement Agreement, the Indenture and the IndentureInitial Purchase Agreement. (b) The Seller acknowledges that (i) the Depositor will, under pursuant to the Second-Tier Sale Agreement, sell sell, transfer, assign and assign convey the First-Tier Assets to the Issuer and assign its rights under this Agreement to the Issuer (and will execute a savings clause analogous to Section 2.3 in favor of the Issuer) and (ii) the Issuer will, under pursuant to the Indenture, assign and pledge the First-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 20152011-A Secured Parties. The Seller consents to those such assignments and pledge. (c) The Depositor acknowledges the appointment of Ford Credit as Servicer of with respect to the Collateral Specified Interests under pursuant to the Servicing Agreement and as Servicer of with respect to the 20152011-A Reference Pool under pursuant to the Servicing Supplement.

Closing; Further Assignments. (a) The sale and assignment of the First-Tier Assets will take place on the 20152013-A B Closing Date concurrently with the closings under the Second-Tier Sale Agreement and the Indenture. (b) The Seller acknowledges that (i) the Depositor will, under pursuant to the Second-Tier Sale Agreement, sell and assign the First-Tier Assets to the Issuer and assign its rights under this Agreement to the Issuer (and will execute a savings clause analogous to Section 2.3 in favor of the Issuer) and (ii) the Issuer will, under pursuant to the Indenture, assign and pledge the First-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 20152013-A B Secured Parties. The Seller consents to those such assignments and pledge. (c) The Depositor acknowledges the appointment of Ford Credit as Servicer of with respect to the Collateral Specified Interests under pursuant to the Servicing Agreement and as Servicer of with respect to the 20152013-A B Reference Pool under pursuant to the Servicing Supplement.

Closing; Further Assignments. (a) The sale and assignment of the First-Tier Assets will take place on the 20152012-A Closing Date concurrently with the closings under the Second-Tier Sale Agreement and the Indenture. (b) The Seller acknowledges that (i) the Depositor will, under pursuant to the Second-Tier Sale Agreement, sell and assign the First-Tier Assets to the Issuer and assign its rights under this Agreement to the Issuer (and will execute a savings clause analogous to Section 2.3 in favor of the Issuer) and (ii) the Issuer will, under pursuant to the Indenture, assign and pledge the First-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 20152012-A Secured Parties. The Seller consents to those such assignments and pledge. (c) The Depositor acknowledges the appointment of Ford Credit as Servicer of with respect to the Collateral Specified Interests under pursuant to the Servicing Agreement and as Servicer of with respect to the 20152012-A Reference Pool under pursuant to the Servicing Supplement.

Closing; Further Assignments. (a) The sale and assignment of the First-Tier Assets will take place on the 2015-A 20_-_ Closing Date concurrently with the closings under the Second-Tier Sale Agreement Agreement, the Indenture and the IndentureInitial Purchase Agreement. (b) The Seller acknowledges that (i) the Depositor will, under pursuant to the Second-Tier Sale Agreement, sell sell, transfer, assign and assign convey the First-Tier Assets to the Issuer and assign its rights under this Agreement to the Issuer (and will execute a savings clause analogous to Section 2.3 in favor of the Issuer) and (ii) the Issuer will, under pursuant to the Indenture, assign and pledge the First-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 2015-A 20_-_ Secured Parties. The Seller consents to those such assignments and pledge. (c) The Depositor acknowledges the appointment of Ford Credit as Servicer of with respect to the Collateral Specified Interests under pursuant to the Servicing Agreement and as Servicer of with respect to the 2015-A 20_-_ Reference Pool under pursuant to the Servicing Supplement.

Closing; Further Assignments. (a) The sale and assignment of the First-Tier Assets will take place on the 2015-A 20__-_ Closing Date concurrently with the closings under the Second-Tier Sale Agreement and the Indenture. (b) The Seller acknowledges that (i) the Depositor will, under the Second-Tier Sale Agreement, sell and assign the First-Tier Assets to the Issuer and assign its rights under this Agreement to the Issuer (and will execute a savings clause analogous to Section 2.3 in favor of the Issuer) and (ii) the Issuer will, under the Indenture, assign and pledge the First-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 2015-A 20__-_ Secured Parties. The Seller consents to those assignments and pledge. (c) The Depositor acknowledges the appointment of Ford Credit as Servicer of the Collateral Specified Interests under the Servicing Agreement and as Servicer of the 2015-A 20__-_ Reference Pool under the Servicing Supplement.