Common use of Limited Security Interest Clause in Contracts

Limited Security Interest. The Issuer and the Indenture Trustee intend that the property in which a Lien is Granted under this Indenture will be limited to the 20 - Exchange Note and the other Collateral as stated in the “Granting Clause” of this Indenture, and the Lien will not include direct rights in the Leases or Leased Vehicles or proceeds of the Leases or Leased Vehicles (other than for proceeds of the 20 - Exchange Note) or other property of the Titling Companies.

Appears in 4 contracts

Samples: Indenture (CAB West LLC), Indenture (CAB East LLC), Indenture (CAB East LLC)

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Limited Security Interest. The Issuer and the Indenture Trustee intend that the property in which a Lien is Granted under this Indenture will be limited to the 20 - 2016-A Exchange Note and the other Collateral as stated in the “Granting Clause” of this Indenture, and the Lien will not include direct rights in the Leases or Leased Vehicles or proceeds of the Leases or Leased Vehicles (other than for proceeds of the 20 - 2016-A Exchange Note) or other property of the Titling Companies.

Appears in 2 contracts

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

Limited Security Interest. The Issuer and the Indenture Trustee intend that the property in which a Lien is Granted under this Indenture will be limited to the 20 - 2022-A Exchange Note and the other Collateral as stated in the "Granting Clause" of this Indenture, and the Lien will not include direct rights in the Leases or Leased Vehicles or proceeds of the Leases or Leased Vehicles (other than for proceeds of the 20 - 2022-A Exchange Note) or other property of the Titling Companies.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2022-A), Indenture (Ford Credit Auto Lease Trust 2022-A)

Limited Security Interest. The Issuer and the Indenture Trustee intend that the property in which a Lien is Granted under this Indenture will be limited to the 20 - 2018-A Exchange Note and the other Collateral as stated in the “Granting Clause” of this Indenture, and the Lien will not include direct rights in the Leases or Leased Vehicles or proceeds of the Leases or Leased Vehicles (other than for proceeds of the 20 - 2018-A Exchange Note) or other property of the Titling Companies.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2018-A), Indenture (Ford Credit Auto Lease Trust 2018-A)

Limited Security Interest. The Issuer and the Indenture Trustee intend that the property in which a Lien is Granted under this Indenture will be limited to the 20 - 2017-A Exchange Note and the other Collateral as stated in the “Granting Clause” of this Indenture, and the Lien will not include direct rights in the Leases or Leased Vehicles or proceeds of the Leases or Leased Vehicles (other than for proceeds of the 20 - 2017-A Exchange Note) or other property of the Titling Companies.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2017-A), Indenture (Ford Credit Auto Lease Two LLC)

Limited Security Interest. The Issuer and the Indenture Trustee intend that the property in which a Lien is Granted under this Indenture will be limited to the 20 - 2021-A Exchange Note and the other Collateral as stated in the “Granting Clause” of this Indenture, and the Lien will not include direct rights in the Leases or Leased Vehicles or proceeds of the Leases or Leased Vehicles (other than for proceeds of the 20 - 2021-A Exchange Note) or other property of the Titling Companies.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2021-A), Indenture (Ford Credit Auto Lease Trust 2021-A)

Limited Security Interest. The Issuer and the Indenture Trustee intend that the property in which a Lien is Granted under this Indenture will be limited to the 20 - 2018-B Exchange Note and the other Collateral as stated in the “Granting Clause” of this Indenture, and the Lien will not include direct rights in the Leases or Leased Vehicles or proceeds of the Leases or Leased Vehicles (other than for proceeds of the 20 - 2018-B Exchange Note) or other property of the Titling Companies.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2018-B), Indenture (Ford Credit Auto Lease Trust 2018-B)

Limited Security Interest. The Issuer and the Indenture Trustee intend that the property in which a Lien is Granted under this Indenture will be limited to the 20 - 2017-B Exchange Note and the other Collateral as stated in the “Granting Clause” of this Indenture, and the Lien will not include direct rights in the Leases or Leased Vehicles or proceeds of the Leases or Leased Vehicles (other than for proceeds of the 20 - 2017-B Exchange Note) or other property of the Titling Companies.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2017-B), Indenture (Ford Credit Auto Lease Trust 2017-B)

Limited Security Interest. The Issuer and the Indenture Trustee intend that the property in which a Lien is Granted under this Indenture will be limited to the 20 - 2024-A Exchange Note and the other Collateral as stated in the "Granting Clause" of this Indenture, and the Lien will not include direct rights in the Leases or Leased Vehicles or proceeds of the Leases or Leased Vehicles (other than for proceeds of the 20 - 2024-A Exchange Note) or other property of the Titling Companies.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2024-A), Indenture (Ford Credit Auto Lease Trust 2024-A)

Limited Security Interest. The Issuer and the Indenture Trustee intend that the property in which a Lien is Granted under this Indenture will be limited to the 20 - 2020-B Exchange Note and the other Collateral as stated in the “Granting Clause” of this Indenture, and the Lien will not include direct rights in the Leases or Leased Vehicles or proceeds of the Leases or Leased Vehicles (other than for proceeds of the 20 - 2020-B Exchange Note) or other property of the Titling Companies.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2020-B), Indenture (Ford Credit Auto Lease Trust 2020-B)

Limited Security Interest. The Issuer and the Indenture Trustee intend that the property in which a Lien is Granted under this Indenture will be limited to the 20 - 2020-A Exchange Note and the other Collateral as stated in the “Granting Clause” of this Indenture, and the Lien will not include direct rights in the Leases or Leased Vehicles or proceeds of the Leases or Leased Vehicles (other than for proceeds of the 20 - 2020-A Exchange Note) or other property of the Titling Companies.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2020-A), Indenture (Ford Credit Auto Lease Trust 2020-A)

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Limited Security Interest. The Issuer and the Indenture Trustee intend that the property in which a Lien is Granted under this Indenture will be limited to the 20 - 2023-A Exchange Note and the other Collateral as stated in the "Granting Clause" of this Indenture, and the Lien will not include direct rights in the Leases or Leased Vehicles or proceeds of the Leases or Leased Vehicles (other than for proceeds of the 20 - 2023-A Exchange Note) or other property of the Titling Companies.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2023-A), Indenture (Ford Credit Auto Lease Trust 2023-A)

Limited Security Interest. The Issuer and the Indenture Trustee intend that the property in which a Lien is Granted under this Indenture will be limited to the 20 - 2023-B Exchange Note and the other Collateral as stated in the "Granting Clause" of this Indenture, and the Lien will not include direct rights in the Leases or Leased Vehicles or proceeds of the Leases or Leased Vehicles (other than for proceeds of the 20 - 2023-B Exchange Note) or other property of the Titling Companies.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2023-B), Indenture (Ford Credit Auto Lease Trust 2023-B)

Limited Security Interest. The Issuer and the Indenture Trustee intend that the property in which a Lien is Granted under this Indenture will be limited to the 20 - 2024-B Exchange Note and the other Collateral as stated in the "Granting Clause" of this Indenture, and the Lien will not include direct rights in the Leases or Leased Vehicles or proceeds of the Leases or Leased Vehicles (other than for proceeds of the 20 - 2024-B Exchange Note) or other property of the Titling Companies.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2024-B), Indenture (Ford Credit Auto Lease Trust 2024-B)

Limited Security Interest. The Issuer and the Indenture Trustee intend that the property in which a Lien is Granted under this Indenture will be limited to the 20 - 2019-B Exchange Note and the other Collateral as stated in the “Granting Clause” of this Indenture, and the Lien will not include direct rights in the Leases or Leased Vehicles or proceeds of the Leases or Leased Vehicles (other than for proceeds of the 20 - 2019-B Exchange Note) or other property of the Titling Companies.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2019-B), Indenture (Ford Credit Auto Lease Trust 2019-B)

Limited Security Interest. The Issuer and the Indenture Trustee intend that the property in which a Lien is Granted under this Indenture will be limited to the 20 - 2019-A Exchange Note and the other Collateral as stated in the “Granting Clause” of this Indenture, and the Lien will not include direct rights in the Leases or Leased Vehicles or proceeds of the Leases or Leased Vehicles (other than for proceeds of the 20 - 2019-A Exchange Note) or other property of the Titling Companies.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2019-A), Indenture (Ford Credit Auto Lease Trust 2019-A)

Limited Security Interest. The Issuer and the Indenture Trustee intend that the property in which a Lien is Granted under this Indenture will be limited to the 20 - 2021-B Exchange Note and the other Collateral as stated in the “Granting Clause” of this Indenture, and the Lien will not include direct rights in the Leases or Leased Vehicles or proceeds of the Leases or Leased Vehicles (other than for proceeds of the 20 - 2021-B Exchange Note) or other property of the Titling Companies.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2021-B), Indenture (Ford Credit Auto Lease Trust 2021-B)

Limited Security Interest. The Issuer and the Indenture Trustee intend that the property in which a Lien is Granted under this Indenture will be limited to the 20 - 20__-__ Exchange Note and the other Collateral as stated in the "Granting Clause" of this Indenture, and the Lien will not include direct rights in the Leases or Leased Vehicles or proceeds of the Leases or Leased Vehicles (other than for proceeds of the 20 - 20__-__ Exchange Note) or other property of the Titling Companies.

Appears in 1 contract

Samples: Indenture (CAB East LLC)

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