Distributions Following Acceleration. If the 2018-B Exchange Note is accelerated due to an Exchange Note Event of Default, all funds available for distribution under Section 5.1(a) will be paid, first, to the Collateral Agent and, second, to the Administrative Agent, in each case, to the extent of any amounts due under Section 8.6 of the Credit and Security Agreement relating to the 2018-B Exchange Note or the 2018-B Reference Pool, if those amounts have not been paid by the Borrowers, before making payments under Section 5.1(a).
Appears in 3 contracts
Samples: Credit and Security Agreement, Credit and Security Agreement (Ford Credit Auto Lease Trust 2018-B), Credit and Security Agreement (Ford Credit Auto Lease Trust 2018-B)
Distributions Following Acceleration. If the 20182020-B Exchange Note is accelerated due to an Exchange Note Event of Default, all funds available for distribution under Section 5.1(a) will be paid, first, to the Collateral Agent and, second, to the Administrative Agent, in each case, to the extent of any amounts due under Section 8.6 of the Credit and Security Agreement relating to the 20182020-B Exchange Note or the 20182020-B Reference Pool, if those amounts have not been paid by the Borrowers, before making payments under Section 5.1(a).
Appears in 2 contracts
Samples: Credit and Security Agreement (Ford Credit Auto Lease Trust 2020-B), Credit and Security Agreement (Ford Credit Auto Lease Trust 2020-B)
Distributions Following Acceleration. If the 2018-B A Exchange Note is accelerated due to an Exchange Note Event of Default, all funds available for distribution under Section 5.1(a) will be paid, first, to the Collateral Agent and, second, to the Administrative Agent, in each case, to the extent of any amounts due under Section 8.6 of the Credit and Security Agreement relating to the 2018-B A Exchange Note or the 2018-B A Reference Pool, if those amounts have not been paid by the Borrowers, before making payments under Section 5.1(a).
Appears in 2 contracts
Samples: Exchange Note Supplement (Ford Credit Auto Lease Trust 2018-A), Credit and Security Agreement (Ford Credit Auto Lease Trust 2018-A)
Distributions Following Acceleration. If the 20182024-B Exchange Note is accelerated due to an Exchange Note Event of Default, all funds available for distribution under Section 5.1(a) will be paid, first, to the Collateral Agent and, second, to the Administrative Agent, in each case, to the extent of any amounts due under Section 8.6 of the Credit and Security Agreement relating to the 20182024-B Exchange Note or the 20182024-B Reference Pool, if those amounts have not been paid by the Borrowers, before making payments under Section 5.1(a).
Appears in 2 contracts
Samples: Credit and Security Agreement (Ford Credit Auto Lease Trust 2024-B), Credit and Security Agreement (Ford Credit Auto Lease Trust 2024-B)
Distributions Following Acceleration. If the 20182024-B A Exchange Note is accelerated due to an Exchange Note Event of Default, all funds available for distribution under Section 5.1(a) will be paid, first, to the Collateral Agent and, second, to the Administrative Agent, in each case, to the extent of any amounts due under Section 8.6 of the Credit and Security Agreement relating to the 20182024-B A Exchange Note or the 20182024-B A Reference Pool, if those amounts have not been paid by the Borrowers, before making payments under Section 5.1(a).
Appears in 2 contracts
Samples: Exchange Note Supplement (Ford Credit Auto Lease Trust 2024-A), Credit and Security Agreement (Ford Credit Auto Lease Trust 2024-A)
Distributions Following Acceleration. If the 20182019-B Exchange Note is accelerated due to an Exchange Note Event of Default, all funds available for distribution under Section 5.1(a) will be paid, first, to the Collateral Agent and, second, to the Administrative Agent, in each case, to the extent of any amounts due under Section 8.6 of the Credit and Security Agreement relating to the 20182019-B Exchange Note or the 20182019-B Reference Pool, if those amounts have not been paid by the Borrowers, before making payments under Section 5.1(a).
Appears in 2 contracts
Samples: Credit and Security Agreement (Ford Credit Auto Lease Trust 2019-B), Credit and Security Agreement (Ford Credit Auto Lease Trust 2019-B)
Distributions Following Acceleration. If the 20182023-B Exchange Note is accelerated due to an Exchange Note Event of Default, all funds available for distribution under Section 5.1(a) will be paid, first, to the Collateral Agent and, second, to the Administrative Agent, in each case, to the extent of any amounts due under Section 8.6 of the Credit and Security Agreement relating to the 20182023-B Exchange Note or the 20182023-B Reference Pool, if those amounts have not been paid by the Borrowers, before making payments under Section 5.1(a).
Appears in 2 contracts
Samples: Credit and Security Agreement (Ford Credit Auto Lease Trust 2023-B), Credit and Security Agreement (Ford Credit Auto Lease Trust 2023-B)
Distributions Following Acceleration. If the 20182016-B A Exchange Note is accelerated due to an Exchange Note Event of Default, all funds available for distribution under Section 5.1(a) will be paidapplied, first, to the Collateral Agent and, second, to the Administrative Agent, in each case, to the extent of any amounts due under Section 8.6 of the Credit and Security Agreement relating to the 20182016-B A Exchange Note or the 20182016-B A Reference Pool, if those amounts have not been paid by the Borrowers, before making payments under Section 5.1(a).
Appears in 2 contracts
Samples: Exchange Note Supplement (Ford Credit Auto Lease Two LLC), Credit and Security Agreement (Ford Credit Auto Lease Two LLC)
Distributions Following Acceleration. If the 20182017-B A Exchange Note is accelerated due to an Exchange Note Event of Default, all funds available for distribution under Section 5.1(a) will be paid, first, to the Collateral Agent and, second, to the Administrative Agent, in each case, to the extent of any amounts due under Section 8.6 of the Credit and Security Agreement relating to the 20182017-B A Exchange Note or the 20182017-B A Reference Pool, if those amounts have not been paid by the Borrowers, before making payments under Section 5.1(a).
Appears in 2 contracts
Samples: Exchange Note Supplement (Ford Credit Auto Lease Trust 2017-A), Credit and Security Agreement (Ford Credit Auto Lease Two LLC)
Distributions Following Acceleration. If the 20182019-B A Exchange Note is accelerated due to an Exchange Note Event of Default, all funds available for distribution under Section 5.1(a) will be paid, first, to the Collateral Agent and, second, to the Administrative Agent, in each case, to the extent of any amounts due under Section 8.6 of the Credit and Security Agreement relating to the 20182019-B A Exchange Note or the 20182019-B A Reference Pool, if those amounts have not been paid by the Borrowers, before making payments under Section 5.1(a).
Appears in 2 contracts
Samples: Exchange Note Supplement (Ford Credit Auto Lease Trust 2019-A), Exchange Note Supplement (Ford Credit Auto Lease Trust 2019-A)
Distributions Following Acceleration. If the 20182021-B Exchange Note is accelerated due to an Exchange Note Event of Default, all funds available for distribution under Section 5.1(a) will be paid, first, to the Collateral Agent and, second, to the Administrative Agent, in each case, to the extent of any amounts due under Section 8.6 of the Credit and Security Agreement relating to the 20182021-B Exchange Note or the 20182021-B Reference Pool, if those amounts have not been paid by the Borrowers, before making payments under Section 5.1(a).
Appears in 2 contracts
Samples: Credit and Security Agreement (Ford Credit Auto Lease Trust 2021-B), Credit and Security Agreement (Ford Credit Auto Lease Trust 2021-B)
Distributions Following Acceleration. If the 20182022-B A Exchange Note is accelerated due to an Exchange Note Event of Default, all funds available for distribution under Section 5.1(a) will be paid, first, to the Collateral Agent and, second, to the Administrative Agent, in each case, to the extent of any amounts due under Section 8.6 of the Credit and Security Agreement relating to the 20182022-B A Exchange Note or the 20182022-B A Reference Pool, if those amounts have not been paid by the Borrowers, before making payments under Section 5.1(a).
Appears in 2 contracts
Samples: Exchange Note Supplement (Ford Credit Auto Lease Trust 2022-A), Exchange Note Supplement (Ford Credit Auto Lease Trust 2022-A)
Distributions Following Acceleration. If the 20182020-B A Exchange Note is accelerated due to an Exchange Note Event of Default, all funds available for distribution under Section 5.1(a) will be paid, first, to the Collateral Agent and, second, to the Administrative Agent, in each case, to the extent of any amounts due under Section 8.6 of the Credit and Security Agreement relating to the 20182020-B A Exchange Note or the 20182020-B A Reference Pool, if those amounts have not been paid by the Borrowers, before making payments under Section 5.1(a).
Appears in 2 contracts
Samples: Credit and Security Agreement (Ford Credit Auto Lease Trust 2020-A), Credit and Security Agreement (Ford Credit Auto Lease Trust 2020-A)
Distributions Following Acceleration. If the 20182023-B A Exchange Note is accelerated due to an Exchange Note Event of Default, all funds available for distribution under Section 5.1(a) will be paid, first, to the Collateral Agent and, second, to the Administrative Agent, in each case, to the extent of any amounts due under Section 8.6 of the Credit and Security Agreement relating to the 20182023-B A Exchange Note or the 20182023-B A Reference Pool, if those amounts have not been paid by the Borrowers, before making payments under Section 5.1(a).
Appears in 2 contracts
Samples: Exchange Note Supplement (Ford Credit Auto Lease Trust 2023-A), Credit and Security Agreement (Ford Credit Auto Lease Trust 2023-A)
Distributions Following Acceleration. If the 20182021-B A Exchange Note is accelerated due to an Exchange Note Event of Default, all funds available for distribution under Section 5.1(a) will be paid, first, to the Collateral Agent and, second, to the Administrative Agent, in each case, to the extent of any amounts due under Section 8.6 of the Credit and Security Agreement relating to the 20182021-B A Exchange Note or the 20182021-B A Reference Pool, if those amounts have not been paid by the Borrowers, before making payments under Section 5.1(a).
Appears in 2 contracts
Samples: Exchange Note Supplement (Ford Credit Auto Lease Trust 2021-A), Credit and Security Agreement (Ford Credit Auto Lease Trust 2021-A)
Distributions Following Acceleration. If the 20182017-B Exchange Note is accelerated due to an Exchange Note Event of Default, all funds available for distribution under Section 5.1(a) will be paid, first, to the Collateral Agent and, second, to the Administrative Agent, in each case, to the extent of any amounts due under Section 8.6 of the Credit and Security Agreement relating to the 20182017-B Exchange Note or the 20182017-B Reference Pool, if those amounts have not been paid by the Borrowers, before making payments under Section 5.1(a).
Appears in 2 contracts
Samples: Credit and Security Agreement (Ford Credit Auto Lease Trust 2017-B), Credit and Security Agreement (Ford Credit Auto Lease Trust 2017-B)
Distributions Following Acceleration. If the 2018-B 20__-__ Exchange Note is accelerated due to an Exchange Note Event of Default, all funds available for distribution under Section 5.1(a) will be paid, first, to the Collateral Agent and, second, to the Administrative Agent, in each case, to the extent of any amounts due under Section 8.6 of the Credit and Security Agreement relating to the 2018-B 20__-__ Exchange Note or the 2018-B 20__-__ Reference Pool, if those amounts have not been paid by the Borrowers, before making payments under Section 5.1(a).
Appears in 1 contract