Common use of Conflicting Orders or Instructions Clause in Contracts

Conflicting Orders or Instructions. Notwithstanding anything to the contrary contained in this Agreement, if at any time, the Financial Institution receives conflicting orders or instructions from the Secured Party and the Grantor, the Financial Institution will follow the orders or instructions of the Secured Party and not the Grantor. The Financial Institution will (a) have no obligation to investigate or inquire as to whether the Secured Party is entitled pursuant to the Indenture or otherwise to deliver any Secured Party Order and (b) be entitled to rely on communications (including Secured Party Orders) believed by it in good faith to be genuine and given by the appropriate party.

Appears in 40 contracts

Samples: Account Control Agreement (Ford Credit Floorplan LLC), Account Control Agreement (Ford Credit Floorplan Master Owner Trust A), Account Control Agreement (Ford Credit Floorplan Master Owner Trust A)

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Conflicting Orders or Instructions. Notwithstanding anything to the contrary contained in this Agreementherein, if at any time, the Financial Institution receives conflicting orders or instructions from the Secured Party and the Grantor, the Financial Institution will follow the orders or instructions of the Secured Party and not the Grantor. The Financial Institution will (a) have no obligation to investigate or inquire as to whether the Secured Party is entitled pursuant to the Indenture or otherwise to deliver any Secured Party Order and (b) be entitled to rely on communications (including Secured Party Orders) believed by it in good faith to be genuine and given by the appropriate party.

Appears in 21 contracts

Samples: Account Control Agreement (Ford Credit Auto Lease Trust 2014-A), Account Control Agreement (Ford Credit Auto Lease Trust 2014-A), Account Control Agreement (Ford Credit Auto Lease Trust 2013-B)

Conflicting Orders or Instructions. Notwithstanding anything to the contrary contained in this Agreementherein, if at any time, the Financial Institution receives conflicting orders or instructions from the Secured Party and the GrantorGrantors, the Financial Institution will follow the orders or instructions of the Secured Party and not the GrantorGrantors. The Financial Institution will (a) have no obligation to investigate or inquire as to whether the Secured Party is entitled pursuant to the Indenture or otherwise to deliver any Secured Party Order and (b) be entitled to rely on communications (including Secured Party Orders) believed by it in good faith to be genuine and given by the appropriate party.

Appears in 12 contracts

Samples: Account Control Agreement (Ford Credit Auto Lease Trust 2014-A), Account Control Agreement (Ford Credit Auto Lease Trust 2014-A), Account Control Agreement (Ford Credit Auto Lease Trust 2013-B)

Conflicting Orders or Instructions. Notwithstanding anything to the contrary contained in this Agreement, if at any time, the Financial Institution receives conflicting orders or instructions from the Secured Party and the Grantor, the Financial Institution will follow the orders or instructions of the Secured Party and not the Grantor. The Financial Institution will (a) have no obligation to investigate or inquire as to about whether the Secured Party is entitled pursuant to under the Indenture or otherwise to deliver any Secured Party Order and (b) be entitled to rely on communications (including Secured Party Orders) believed by it in good faith to be genuine and given by the appropriate party.

Appears in 10 contracts

Samples: Account Control Agreement (Ford Credit Floorplan Master Owner Trust A), Account Control Agreement (Ford Credit Floorplan Master Owner Trust A), Account Control Agreement (Ford Credit Floorplan Master Owner Trust A)

Conflicting Orders or Instructions. Notwithstanding anything to the contrary contained in this Agreementherein, if at any time, the Financial Institution receives conflicting orders or instructions from the Secured Party and the Grantor, the Financial Institution will follow the orders or instructions of the Secured Party and not the Grantor. The Financial Institution will (ai) have no obligation to investigate or inquire as to whether the Secured Party is entitled pursuant to the Indenture or otherwise to deliver any Secured Party Order and (bii) be entitled to rely on communications (including Secured Party Orders) believed by it in good faith to be genuine and given by the appropriate party.

Appears in 9 contracts

Samples: Collateral Account Control Agreement (Ford Credit Auto Lease Trust 2011-A), Collateral Account Control Agreement (Ford Credit Auto Lease Trust 2011-A), Collateral Account Control Agreement (CAB West LLC)

Conflicting Orders or Instructions. Notwithstanding anything to the contrary contained in this Agreement, if at any time, the Financial Institution receives conflicting orders or instructions from the Secured Party and the Grantor, the Financial Institution will follow the orders or instructions of the Secured Party and not the Grantor. The Financial Institution will (a) have no obligation to investigate or inquire as to whether the Secured Party is entitled pursuant to the Indenture or otherwise to deliver any Secured Party Order and (b) be entitled to rely on communications (including Secured Party Orders) believed by it in good faith to be genuine and given by the appropriate party.

Appears in 8 contracts

Samples: Account Control Agreement (Ford Credit Auto Owner Trust 2015-B), Account Control Agreement (Ford Credit Auto Owner Trust 2015-B), Account Control Agreement (Ford Credit Auto Owner Trust 2015-A)

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Conflicting Orders or Instructions. Notwithstanding anything to the contrary contained in this Agreementherein, if at any time, the Financial Institution receives conflicting orders or instructions from the Secured Party and the Grantor, the Financial Institution will follow the orders or instructions of the Secured Party and not the Grantor. The Financial Institution will (a) have no obligation to investigate or inquire as to whether the Secured Party is entitled pursuant to under the Indenture or otherwise to deliver any Secured Party Order and (b) be entitled to rely on communications (including Secured Party Orders) believed by it in good faith to be genuine and given by the appropriate party.

Appears in 7 contracts

Samples: Account Control Agreement (Ford Credit Auto Lease Trust 2015-B), Account Control Agreement (Ford Credit Auto Lease Trust 2015-B), Account Control Agreement (Ford Credit Auto Lease Trust 2015-A)

Conflicting Orders or Instructions. Notwithstanding anything to the contrary contained in this Agreementherein, if at any time, the Financial Institution receives conflicting orders or instructions from the Secured Party and the GrantorGrantors, the Financial Institution will follow the orders or instructions of the Secured Party and not the GrantorGrantors. The Financial Institution will (a) have no obligation to investigate or inquire as to whether the Secured Party is entitled pursuant to under the Indenture or otherwise to deliver any Secured Party Order and (b) be entitled to rely on communications (including Secured Party Orders) believed by it in good faith to be genuine and given by the appropriate party.

Appears in 7 contracts

Samples: Account Control Agreement (Ford Credit Auto Lease Trust 2015-B), Account Control Agreement (Ford Credit Auto Lease Trust 2015-B), Account Control Agreement (Ford Credit Auto Lease Trust 2015-A)

Conflicting Orders or Instructions. Notwithstanding anything to the contrary contained in this Agreementherein, if at any time, the Financial Institution receives conflicting orders or instructions from the Secured Party and the GrantorGrantors, the Financial Institution will follow the orders or instructions of the Secured Party and not the GrantorGrantors. The Financial Institution will (ai) have no obligation to investigate or inquire as to whether the Secured Party is entitled pursuant to the Indenture or otherwise to deliver any Secured Party Order and (bii) be entitled to rely on communications (including Secured Party Orders) believed by it in good faith to be genuine and given by the appropriate party.

Appears in 3 contracts

Samples: Collateral Account Control Agreement (Ford Credit Auto Lease Trust 2011-A), Collateral Account Control Agreement (Ford Credit Auto Lease Trust 2011-A), Collateral Account Control Agreement (CAB West LLC)

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