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Common use of No Bankruptcy Clause in Contracts

No Bankruptcy. As of the Cutoff Date, the Sponsor’s receivables systems do not indicate that the Lessee on the Lease is a debtor in a bankruptcy proceeding.

Appears in 26 contracts

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

No Bankruptcy. As of the Cutoff Date, the Sponsor’s 's receivables systems do not indicate that the Lessee Obligor on the Lease Receivable is a debtor in a bankruptcy proceeding.

Appears in 19 contracts

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

No Bankruptcy. As of the Cutoff Date, the Sponsor’s 's receivables systems do not indicate that the Lessee on the Lease is a debtor in a bankruptcy proceeding.

Appears in 11 contracts

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