Common use of Payment for Sold Property Clause in Contracts

Payment for Sold Property. In consideration for the Sold Property, the Issuer will transfer to the Depositor the Notes as payment for the 2018-B Exchange Note and the other Sold Property. The Depositor and the Issuer each represents and warrants to the other that the transfer of the Notes on the Closing Date and the increase in the value of the Depositor’s beneficial interest in the Issuer, is equal to the fair market value of the 2018-B Exchange Note and the other Sold Property.

Appears in 2 contracts

Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2018-B), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2018-B)

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Payment for Sold Property. In consideration for the Sold Property, the Issuer will transfer to the Depositor the Notes as payment for the 20182020-B Exchange Note and the other Sold Property. The Depositor and the Issuer each represents and warrants to the other that the transfer of the Notes on the Closing Date and the increase in the value of the Depositor’s beneficial interest in the Issuer, is equal to the fair market value of the 20182020-B Exchange Note and the other Sold Property.

Appears in 2 contracts

Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2020-B), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2020-B)

Payment for Sold Property. In consideration for the Sold Property, the Issuer will transfer to the Depositor the Notes as payment for the 20182019-B Exchange Note and the other Sold Property. The Depositor and the Issuer each represents and warrants to the other that the transfer of the Notes on the Closing Date and the increase in the value of the Depositor’s beneficial interest in the Issuer, is equal to the fair market value of the 20182019-B Exchange Note and the other Sold Property.

Appears in 2 contracts

Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2019-B), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2019-B)

Payment for Sold Property. In consideration for the Sold Property, the Issuer will transfer to the Depositor the Notes as payment for the 20182023-B Exchange Note and the other Sold Property. The Depositor and the Issuer each represents and warrants to the other that the transfer of the Notes on the Closing Date and the increase in the value of the Depositor’s 's beneficial interest in the Issuer, is equal to the fair market value of the 20182023-B Exchange Note and the other Sold Property.

Appears in 2 contracts

Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2023-B), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2023-B)

Payment for Sold Property. In consideration for the Sold Property, the Issuer will transfer to the Depositor the Notes as payment for the 20182024-B A Exchange Note and the other Sold Property. The Depositor and the Issuer each represents and warrants to the other that the transfer of the Notes on the Closing Date and the increase in the value of the Depositor’s 's beneficial interest in the Issuer, is equal to the fair market value of the 20182024-B A Exchange Note and the other Sold Property.

Appears in 2 contracts

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

Payment for Sold Property. In consideration for the Sold Property, the Issuer will transfer to the Depositor the Notes as payment for the 20182021-B Exchange Note and the other Sold Property. The Depositor and the Issuer each represents and warrants to the other that the transfer of the Notes on the Closing Date and the increase in the value of the Depositor’s beneficial interest in the Issuer, is equal to the fair market value of the 20182021-B Exchange Note and the other Sold Property.

Appears in 2 contracts

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

Payment for Sold Property. In consideration for the Sold Property, the Issuer will transfer to the Depositor the Notes as payment for the 2018-B A Exchange Note and the other Sold Property. The Depositor and the Issuer each represents and warrants to the other that the transfer of the Notes on the Closing Date and the increase in the value of the Depositor’s beneficial interest in the Issuer, is equal to the fair market value of the 2018-B A Exchange Note and the other Sold Property.

Appears in 2 contracts

Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2018-A), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2018-A)

Payment for Sold Property. In consideration for the Sold Property, the Issuer will transfer to the Depositor the Notes as payment for the 20182020-B A Exchange Note and the other Sold Property. The Depositor and the Issuer each represents and warrants to the other that the transfer of the Notes on the Closing Date and the increase in the value of the Depositor’s beneficial interest in the Issuer, is equal to the fair market value of the 20182020-B A Exchange Note and the other Sold Property.

Appears in 2 contracts

Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2020-A), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2020-A)

Payment for Sold Property. In consideration for the Sold Property, the Issuer will transfer to the Depositor the Notes as payment for the 20182022-B A Exchange Note and the other Sold Property. The Depositor and the Issuer each represents and warrants to the other that the transfer of the Notes on the Closing Date and the increase in the value of the Depositor’s 's beneficial interest in the Issuer, is equal to the fair market value of the 20182022-B A Exchange Note and the other Sold Property.

Appears in 2 contracts

Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2022-A), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2022-A)

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Payment for Sold Property. In consideration for the Sold Property, the Issuer will transfer to the Depositor the Notes as payment for the 20182019-B A Exchange Note and the other Sold Property. The Depositor and the Issuer each represents and warrants to the other that the transfer of the Notes on the Closing Date and the increase in the value of the Depositor’s beneficial interest in the Issuer, is equal to the fair market value of the 20182019-B A Exchange Note and the other Sold Property.

Appears in 2 contracts

Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2019-A), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2019-A)

Payment for Sold Property. In consideration for the Sold Property, the Issuer will transfer to the Depositor the Notes as payment for the 20182021-B A Exchange Note and the other Sold Property. The Depositor and the Issuer each represents and warrants to the other that the transfer of the Notes on the Closing Date and the increase in the value of the Depositor’s beneficial interest in the Issuer, is equal to the fair market value of the 20182021-B A Exchange Note and the other Sold Property.

Appears in 2 contracts

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

Payment for Sold Property. In consideration for the Sold Property, the Issuer will transfer to the Depositor the Notes as payment for the 20182023-B A Exchange Note and the other Sold Property. The Depositor and the Issuer each represents and warrants to the other that the transfer of the Notes on the Closing Date and the increase in the value of the Depositor’s 's beneficial interest in the Issuer, is equal to the fair market value of the 20182023-B A Exchange Note and the other Sold Property.

Appears in 2 contracts

Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2023-A), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2023-A)

Payment for Sold Property. In consideration for the Sold Property, the Issuer will transfer to the Depositor the Notes as payment for the 2018-B 20__-__ Exchange Note and the other Sold Property. The Depositor and the Issuer each represents and warrants to the other that the transfer of the Notes on the Closing Date and the increase in the value of the Depositor’s 's beneficial interest in the Issuer, is equal to the fair market value of the 2018-B the20__-__ Exchange Note and the other Sold Property.

Appears in 1 contract

Samples: Exchange Note Sale Agreement (CAB East LLC)

Payment for Sold Property. In consideration for the Sold Property, the Issuer will transfer to the Depositor the Notes as payment for the 2018-B 20 - Exchange Note and the other Sold Property. The Depositor and the Issuer each represents and warrants to the other that the transfer of the Notes on the Closing Date and the increase in the value of the Depositor’s beneficial interest in the Issuer, is equal to the fair market value of the 2018-B the20 - Exchange Note and the other Sold Property.

Appears in 1 contract

Samples: Exchange Note Sale Agreement (CAB West LLC)

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