Common use of Effective Period and Termination of Custodian Clause in Contracts

Effective Period and Termination of Custodian. Ford Credit’s appointment as custodian is effective as of the Cutoff Date and will continue until terminated pursuant to this Section 2.5(f). If Ford Credit resigns as Servicer in accordance with Section 6.6 or the Servicer is terminated pursuant to Section 7.1, the appointment of Ford Credit as custodian under this Agreement may be terminated in the same manner as the Servicer may be terminated under Section 7.1. As soon as practicable after any termination of its appointment as custodian, the Custodian will deliver to the Indenture Trustee or its agent or designee the Receivables Files maintained by the Custodian at such place as the Indenture Trustee may reasonably designate. All reasonable costs and expenses incurred in connection with transferring the Receivables Files to the successor custodian and amending this Agreement to reflect such successor as custodian will be paid by the predecessor custodian upon presentation of documentation of such costs and expenses.

Effective Period and Termination of Custodian. Ford Credit’s 's appointment as custodian is effective as of the Cutoff Date and will continue until terminated pursuant to this Section 2.5(f). If Ford Credit resigns as Servicer in accordance with Section 6.6 or the Servicer is terminated pursuant to Section 7.1, the appointment of Ford Credit as custodian under this Agreement may be terminated in the same manner as the Servicer may be terminated under Section 7.1. As soon as practicable after any termination of its appointment as custodian, the Custodian will deliver to the Indenture Trustee or its agent or designee the Receivables Files maintained by the Custodian at such place as the Indenture Trustee may reasonably designate. All reasonable costs and expenses incurred in connection with transferring the Receivables Files to the successor custodian and amending this Agreement to reflect such successor as custodian will be paid by the predecessor custodian upon presentation of documentation of such costs and expenses.

Effective Period and Termination of Custodian. Ford Credit’s appointment as custodian is effective as of the Cutoff Date and will continue until terminated pursuant to under this Section 2.5(f). If Ford Credit resigns as Servicer in accordance with Section 6.6 or the Servicer is terminated pursuant to under Section 7.1, the appointment of Ford Credit as custodian under this Agreement may be terminated in the same manner as the Servicer may be terminated under Section 7.1. As soon as practicable after any termination of its appointment as custodian, the Custodian will deliver to the Indenture Trustee or its agent or designee the Receivables Files maintained by the Custodian at such the place as the Indenture Trustee may reasonably designate. All reasonable costs and expenses incurred in connection with transferring the Receivables Files to the successor custodian and amending this Agreement to reflect such the successor as custodian will be paid by the predecessor custodian upon presentation of documentation of such the costs and expenses.