Common use of Enforceability of Exchange Note Clause in Contracts

Enforceability of Exchange Note. The 2023-A Exchange Note has been duly executed, issued, authenticated and delivered and is the valid and binding obligation of the Borrowers entitled to the benefits of the Exchange Note Supplement and the Credit and Security Agreement.

Appears in 4 contracts

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

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Enforceability of Exchange Note. The 20232017-A B Exchange Note has been duly executed, issued, authenticated and delivered and is the valid and binding obligation of the Borrowers entitled to the benefits of the Exchange Note Supplement and the Credit and Security Agreement.

Appears in 4 contracts

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

Enforceability of Exchange Note. The 20232018-A B Exchange Note has been duly executed, issued, authenticated and delivered and is the valid and binding obligation of the Borrowers entitled to the benefits of the Exchange Note Supplement and the Credit and Security Agreement.

Appears in 4 contracts

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

Enforceability of Exchange Note. The 20232019-A B Exchange Note has been duly executed, issued, authenticated and delivered and is the valid and binding obligation of the Borrowers entitled to the benefits of the Exchange Note Supplement and the Credit and Security Agreement.

Appears in 4 contracts

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

Enforceability of Exchange Note. The 20232020-A Exchange Note has been duly executed, issued, authenticated and delivered and is the valid and binding obligation of the Borrowers entitled to the benefits of the Exchange Note Supplement and the Credit and Security Agreement.

Appears in 4 contracts

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

Enforceability of Exchange Note. The 2023-A B Exchange Note has been duly executed, issued, authenticated and delivered and is the valid and binding obligation of the Borrowers entitled to the benefits of the Exchange Note Supplement and the Credit and Security Agreement.

Appears in 4 contracts

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

Enforceability of Exchange Note. The 20232021-A B Exchange Note has been duly executed, issued, authenticated and delivered and is the valid and binding obligation of the Borrowers entitled to the benefits of the Exchange Note Supplement and the Credit and Security Agreement.

Appears in 4 contracts

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

Enforceability of Exchange Note. The 20232021-A Exchange Note has been duly executed, issued, authenticated and delivered and is the valid and binding obligation of the Borrowers entitled to the benefits of the Exchange Note Supplement and the Credit and Security Agreement.

Appears in 4 contracts

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

Enforceability of Exchange Note. The 20232020-A B Exchange Note has been duly executed, issued, authenticated and delivered and is the valid and binding obligation of the Borrowers entitled to the benefits of the Exchange Note Supplement and the Credit and Security Agreement.

Appears in 4 contracts

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

Enforceability of Exchange Note. The 20232018-A Exchange Note has been duly executed, issued, authenticated and delivered and is the valid and binding obligation of the Borrowers entitled to the benefits of the Exchange Note Supplement and the Credit and Security Agreement.

Appears in 4 contracts

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

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Enforceability of Exchange Note. The 20232024-A B Exchange Note has been duly executed, issued, authenticated and delivered and is the valid and binding obligation of the Borrowers entitled to the benefits of the Exchange Note Supplement and the Credit and Security Agreement.

Appears in 4 contracts

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

Enforceability of Exchange Note. The 20232019-A Exchange Note has been duly executed, issued, authenticated and delivered and is the valid and binding obligation of the Borrowers entitled to the benefits of the Exchange Note Supplement and the Credit and Security Agreement.

Appears in 4 contracts

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

Enforceability of Exchange Note. The 20232022-A Exchange Note has been duly executed, issued, authenticated and delivered and is the valid and binding obligation of the Borrowers entitled to the benefits of the Exchange Note Supplement and the Credit and Security Agreement.

Appears in 4 contracts

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

Enforceability of Exchange Note. The 20232024-A Exchange Note has been duly executed, issued, authenticated and delivered and is the valid and binding obligation of the Borrowers entitled to the benefits of the Exchange Note Supplement and the Credit and Security Agreement.

Appears in 4 contracts

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

Enforceability of Exchange Note. The 20232017-A Exchange Note has been duly executed, issued, authenticated and delivered and is the valid and binding obligation of the Borrowers entitled to the benefits of the Exchange Note Supplement and the Credit and Security Agreement.

Appears in 4 contracts

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

Enforceability of Exchange Note. The 2023-A 20__-__ Exchange Note has been duly executed, issued, authenticated and delivered and is the valid and binding obligation of the Borrowers entitled to the benefits of the Exchange Note Supplement and the Credit and Security Agreement.

Appears in 2 contracts

Samples: Exchange Note Purchase Agreement (CAB East LLC), Exchange Note Sale Agreement (CAB East LLC)

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