Common use of Establishment of Bank Accounts Clause in Contracts

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish four segregated trust accounts, each in the name of the Indenture Trustee at a Qualified Institution or a Qualified Trust Institution, to be designated as: (i) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 2012-A” that will be designated as the “Exchange Note Collection Account;” (ii) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 2012-A” that will be designated as the “Collection Account;” (iii) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 2012-A” that will be designated as the “Principal Payment Account;” and (iv) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 2012-A” that will be designated as the “Reserve Account.” Initially, the Exchange Note Collection Account will be account number 879681, the Collection Account will be account number 879682, the Principal Payment Account will be account number 879683 and the Reserve Account will be account number 879684 and each such account will include any successor or replacement accounts thereto.

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish four segregated trust accounts, each in the name of the Indenture Trustee at a Qualified Institution or a Qualified Trust Institution, to be designated as: (i) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 2012-AB” that will be designated as the “Exchange Note Collection Account;” (ii) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 2012-AB” that will be designated as the “Collection Account;” (iii) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 2012-AB” that will be designated as the “Principal Payment Account;” and (iv) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 2012-AB” that will be designated as the “Reserve Account.” Initially, the Exchange Note Collection Account will be account number 879681879706, the Collection Account will be account number 879682879707, the Principal Payment Account will be account number 879683 879708 and the Reserve Account will be account number 879684 879709 and each such account will include any successor or replacement accounts thereto.

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish four segregated trust accounts, each in the name of the Indenture Trustee at a Qualified Institution or a Qualified Trust Institution, to be designated as: (i) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122011-A” B “ that will be designated as the “Exchange Note Collection Account;” (ii) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122011-A” B “ that will be designated as the “Collection Account;” (iii) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122011-A” B “ that will be designated as the “Principal Payment Account;” and (iv) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122011-A” B “ that will be designated as the “Reserve Account.” The Exchange Note Collection Account, Collection Account, the Principal Payment Account, the Reserve Account, are referred to together as the”Bank Accounts.” Initially, the Exchange Note Collection Account will be account number 879681879104, the Collection Account will be account number 879682879105, the Principal Payment Account will be account number 879683 879106 and the Reserve Account will be account number 879684 879107 and each such account will include any successor or replacement accounts thereto.

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish four segregated trust accounts, each in the name of the Indenture Trustee at a Qualified Institution or a Qualified Trust Institution, to be designated as: (i) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122014-A” that will be designated as the “Exchange Note Collection Account;” (ii) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122014-A” that will be designated as the “Collection Account;” (iii) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122014-A” that will be designated as the “Principal Payment Account;” and (iv) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122014-A” that will be designated as the “Reserve Account.” Initially, the Exchange Note Collection Account will be account number 879681543080, the Collection Account will be account number 879682543081, the Principal Payment Account will be account number 879683 543082 and the Reserve Account will be account number 879684 543083 and each such account will include any successor or replacement accounts thereto.

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish four segregated trust accounts, each in the name of the Indenture Trustee at a Qualified Institution or a Qualified Trust Institution, to be designated as: (i) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122014-AB” that will be designated as the “Exchange Note Collection Account;” (ii) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122014-AB” that will be designated as the “Collection Account;” (iii) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122014-AB” that will be designated as the “Principal Payment Account;” and (iv) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122014-AB” that will be designated as the “Reserve Account.” Initially, the Exchange Note Collection Account will be account number 879681521991, the Collection Account will be account number 879682521992, the Principal Payment Account will be account number 879683 521993 and the Reserve Account will be account number 879684 521994 and each such account will include any successor or replacement accounts theretoaccounts.

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish four segregated trust accounts, each in the name of the Indenture Trustee at a Qualified Institution or a Qualified Trust Institution, to be designated as: (i) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122013-AB” that will be designated as the “Exchange Note Collection Account;” (ii) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122013-AB” that will be designated as the “Collection Account;” (iii) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122013-AB” that will be designated as the “Principal Payment Account;” and (iv) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122013-AB” that will be designated as the “Reserve Account.” Initially, the Exchange Note Collection Account will be account number 879681894242, the Collection Account will be account number 879682894241, the Principal Payment Account will be account number 879683 894243 and the Reserve Account will be account number 879684 894244 and each such account will include any successor or replacement accounts thereto.

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish four segregated trust accounts, each in the name of the Indenture Trustee at a Qualified Institution or a Qualified Trust Institution, to be designated as: (i) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122011-A” A “ that will be designated as the “Exchange Note Collection Account;” (ii) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122011-A” A “ that will be designated as the “Collection Account;” (iii) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122011-A” A “ that will be designated as the “Principal Payment Account;” and (iv) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122011-A” A “ that will be designated as the “Reserve Account.” The Exchange Note Collection Account, Collection Account, the Principal Payment Account, the Reserve Account, are referred to together as the“Bank Accounts.” Initially, the Exchange Note Collection Account will be account number 879681879677, the Collection Account will be account number 879682879678, the Principal Payment Account will be account number 879683 879679 and the Reserve Account will be account number 879684 879680 and each such account will include any successor or replacement accounts thereto.

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish four segregated trust accounts, each in the name of the Indenture Trustee at a Qualified Institution or a Qualified Trust Institution, to be designated as: (i) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122015-A” that will be designated as the “Exchange Note Collection Account;” (ii) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122015-A” that will be designated as the “Collection Account;” (iii) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122015-A” that will be designated as the “Principal Payment Account;” and (iv) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122015-A” that will be designated as the “Reserve Account.” Initially, the Exchange Note Collection Account will be account number 879681647121, the Collection Account will be account number 879682647122, the Principal Payment Account will be account number 879683 647123 and the Reserve Account will be account number 879684 647124 and each such account will include any successor or replacement accounts theretoaccounts.

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish four segregated trust accounts, each in the name of the Indenture Trustee at a Qualified Institution or a Qualified Trust Institution, to be designated as: (i) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122015-AB” that will be designated as the “Exchange Note Collection Account;” (ii) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122015-AB” that will be designated as the “Collection Account;” (iii) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122015-AB” that will be designated as the “Principal Payment Account;” and (iv) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122015-AB” that will be designated as the “Reserve Account.” Initially, the Exchange Note Collection Account will be account number 8796813340288400, the Collection Account will be account number 8796823340298400, the Principal Payment Account will be account number 879683 3340388400 and the Reserve Account will be account number 879684 3340398400 and each such account will include any successor or replacement accounts theretoaccounts.

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish four segregated trust accounts, each in the name of the Indenture Trustee at a Qualified Institution or a Qualified Trust Institution, to be designated as: (i) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122013-A” that will be designated as the “Exchange Note Collection Account;” (ii) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122013-A” that will be designated as the “Collection Account;” (iii) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122013-A” that will be designated as the “Principal Payment Account;” and (iv) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20122013-A” that will be designated as the “Reserve Account.” Initially, the Exchange Note Collection Account will be account number 879681879722, the Collection Account will be account number 879682879721, the Principal Payment Account will be account number 879683 879723 and the Reserve Account will be account number 879684 879724 and each such account will include any successor or replacement accounts thereto.

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish four five segregated trust accounts, each in the name of the Indenture Trustee at a Qualified Institution or a Qualified Trust Institution, to be designated as: (i) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 2012-A” 20_-__ “ that will be designated as the “Exchange Note Collection Account;” (ii) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 2012-A” 20_-__ “ that will be designated as the “Collection Account;” (iii) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 2012-A” 20_-__ “ that will be designated as the “Principal Payment Account;” and” (iv) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 2012-A” 20_-__ “ that will be designated as the “Reserve Account;” and (v) [“The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 2011-WH1” that will be designated as the “Hedge Counterparty Collateral Account.” ”] The Exchange Note Collection Account, Collection Account, the Principal Payment Account, the Reserve Account, [and the Hedge Counterparty Collateral Account are referred to together as the“Bank Accounts.”] Initially, the Exchange Note Collection Account will be account number 879681[_____], the Collection Account will be account number 879682[____], the Principal Payment Account will be account number 879683 and [____], the Reserve Account will be account number 879684 [______] [and the Hedge Counterparty Collateral Account will be account number [_____]] and each such account will include any successor or replacement accounts thereto.

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish four segregated trust accounts, each in the name of the Indenture Trustee at a Qualified Institution or a Qualified Trust Institution, to be designated as: (i) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 2012-A20__-_” that will be designated as the “Exchange Note Collection Account;” (ii) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 2012-A20__-_” that will be designated as the “Collection Account;” (iii) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 2012-A20__-_” that will be designated as the “Principal Payment Account;” and (iv) “The Bank of New York Mellon, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 2012-A20__-_” that will be designated as the “Reserve Account.” Initially, the Exchange Note Collection Account will be account number 879681______, the Collection Account will be account number 879682______, the Principal Payment Account will be account number 879683 ______ and the Reserve Account will be account number 879684 ______ and each such account will include any successor or replacement accounts theretoaccounts.