No Sale or Lien by Sponsor. Except for the sale and assignment under this Agreement, the Sponsor will not sell or assign any Purchased Property to another Person or Grant or allow a Lien on an interest in any Purchased Property. The Sponsor will defend the Depositor’s interest in the Purchased Property against claims of third parties claiming through the Sponsor.
Appears in 65 contracts
Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2022-A), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2022-A), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2021-B)
No Sale or Lien by Sponsor. Except for the sale and assignment under this Agreement, the Sponsor will not sell or assign any Purchased Property to another Person or Grant or allow a Lien on an interest in any Purchased Property. The Sponsor will defend the Depositor’s 's interest in the Purchased Property against claims of third parties claiming through the Sponsor.
Appears in 30 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)
