Common use of GRANTING CLAUSE Clause in Contracts

GRANTING CLAUSE. The Issuer Grants to the Indenture Trustee at the Closing Date, as Indenture Trustee for the benefit of the Secured Parties, all the Issuer’s right, title and interest in, to and under, whether now owned or later acquired, the Collateral. This Grant is made in trust to secure (a) the payment of principal of, interest on and other amounts owing on the Notes as stated in this Indenture and (b) compliance by the Issuer with this Indenture for the benefit of the Secured Parties. The Indenture Trustee acknowledges the Grant, accepts the trusts under this Indenture according to this Indenture and agrees to perform the obligations stated in this Indenture so that the interests of the Secured Parties may be adequately and effectively protected.

Appears in 37 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2023-B), Indenture (Ford Credit Auto Owner Trust 2023-B), Indenture (Ford Credit Auto Owner Trust 2022-A)

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GRANTING CLAUSE. The Issuer Grants to the Indenture Trustee at the Closing Date, as Indenture Trustee for the benefit of the Secured Parties, all of the Issuer’s right, title and interest in, to and under, whether now owned or later hereafter acquired, the Collateral. This The foregoing Grant is made in trust to secure (a) the payment of principal of, interest on and any other amounts owing on in respect of the Notes as stated provided in this Indenture and (b) compliance by the Issuer with the provisions of this Indenture for the benefit of the Secured Parties. The Indenture Trustee acknowledges the such Grant, accepts the trusts under this Indenture according to in accordance with this Indenture and agrees to perform the obligations stated duties required in this Indenture so that the interests of the Secured Parties may be adequately and effectively protected.

Appears in 21 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2014-A), Indenture (Ford Credit Auto Owner Trust 2014-A), Indenture (Ford Credit Auto Owner Trust 2013-D)

GRANTING CLAUSE. The Issuer Grants to the Indenture Trustee at the Closing Date, as Indenture Trustee for the benefit of the Secured Parties, all of the Issuer’s right, title and interest in, to and under, whether now owned or later acquired, the Collateral. This Grant is made in trust to secure (a) the payment of principal of, interest on and other amounts owing on the Notes as stated in this Indenture and (b) compliance by the Issuer with this Indenture for the benefit of the Secured Parties. The Indenture Trustee acknowledges the Grant, accepts the trusts under this Indenture according to this Indenture and agrees to perform the obligations its duties as stated in this Indenture so that the interests of the Secured Parties may be adequately and effectively protected.

Appears in 20 contracts

Samples: Indenture (Verizon Owner Trust 2020-C), Indenture Agreement (Verizon Owner Trust 2020-C), Indenture (Verizon Owner Trust 2020-B)

GRANTING CLAUSE. The Issuer Grants to the Indenture Trustee at the Closing Date, as Indenture Trustee for the benefit of the Secured Parties, all the Issuer’s 's right, title and interest in, to and under, whether now owned or later acquired, the Collateral. This Grant is made in trust to secure (a) the payment of principal of, interest on and other amounts owing on the Notes as stated in this Indenture and (b) compliance by the Issuer with this Indenture for the benefit of the Secured Parties. The Indenture Trustee acknowledges the Grant, accepts the trusts under this Indenture according to this Indenture and agrees to perform the obligations stated in this Indenture so that the interests of the Secured Parties may be adequately and effectively protected.

Appears in 17 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2024-D), Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Owner Trust 2024-C)

GRANTING CLAUSE. The Issuer Grants to the Indenture Trustee at the Closing Date, as Indenture Trustee for the benefit of the Secured Parties, all of the Issuer’s right, title and interest in, to and under, whether now owned or later hereafter acquired, the Collateral. This The foregoing Grant is made in trust to secure (a) the payment of principal of, interest on and any other amounts owing on in respect of the Notes as stated provided in this Indenture and (b) compliance by the Issuer with this Indenture for the benefit of the Secured Parties. The Indenture Trustee acknowledges the Grant, accepts the trusts under this Indenture according to in accordance with this Indenture and agrees to perform the obligations stated duties required in this Indenture so that the interests of the Secured Parties may be adequately and effectively protected.

Appears in 8 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2015-B), Indenture (Ford Credit Auto Owner Trust 2015-B), Indenture (Ford Credit Auto Owner Trust 2015-A)

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GRANTING CLAUSE. The Issuer Grants to the Indenture Trustee at the Closing Date, as Indenture Trustee for the benefit of the Secured Parties, all of the Issuer’s 's right, title and interest in, to and under, whether now owned or later hereafter acquired, the Collateral. This The foregoing Grant is made in trust to secure (a) the payment of principal of, interest on and any other amounts owing on in respect of the Notes as stated provided in this Indenture and (b) compliance by the Issuer with the provisions of this Indenture for the benefit of the Secured Parties. The Indenture Trustee acknowledges the such Grant, accepts the trusts under this Indenture according to in accordance with this Indenture and agrees to perform the obligations stated duties required in this Indenture so that the interests of the Secured Parties may be adequately and effectively protected.

Appears in 6 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2010-B), Indenture (Ford Credit Auto Owner Trust 2010-A), Indenture (Ford Credit Auto Owner Trust 2009-E)

GRANTING CLAUSE. The Issuer Grants to the Indenture Trustee at the Closing Date, as Indenture Trustee for the benefit of the Secured Parties, all the Issuer’s right, title and interest in, to and under, whether now owned or later acquired, the Collateral. This Grant is made in trust to secure (a) the payment of principal of, interest on and other amounts owing on the Notes as stated in this Indenture and (b) compliance by the Issuer with this Indenture for the benefit of the Secured Parties. The Indenture Trustee acknowledges the Grant, accepts the trusts under this Indenture according to this Indenture and agrees to perform the obligations stated required in this Indenture so that the interests of the Secured Parties may be adequately and effectively protected.

Appears in 5 contracts

Samples: Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Receivables Two LLC)

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