Common use of Principal Terms Clause in Contracts

Principal Terms. The principal terms of the 2023-A Exchange Note are as follows: (i) the "Exchange Note Issuance Date" is January 23, 2023; (ii) the 2023-A Exchange Note will be issued as a single class; (iii) the "Exchange Note Initial Principal Balance" for the 2023-A Exchange Note is $1,555,412,371.13; (iv) the Reference Pool for the 2023-A Exchange Note will be the 2023-A Reference Pool, as stated in Section 3.1;

Appears in 2 contracts

Samples: Credit and Security Agreement (Ford Credit Auto Lease Trust 2023-A), Credit and Security Agreement (Ford Credit Auto Lease Trust 2023-A)

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Principal Terms. The principal terms of the 20232021-A B Exchange Note are as follows: (i) the "Exchange Note Issuance Date" is January 23September 24, 20232021; (ii) the 20232021-A B Exchange Note will be issued as a single class; (iii) the "Exchange Note Initial Principal Balance" for the 2023-A Exchange Note is $1,555,412,371.13; (iv) the Reference Pool for the 2023-A Exchange Note will be the 2023-A Reference Pool, as stated in Section 3.1;

Appears in 2 contracts

Samples: Credit and Security Agreement (Ford Credit Auto Lease Trust 2021-B), Credit and Security Agreement (Ford Credit Auto Lease Trust 2021-B)

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Principal Terms. The principal terms of the 20232022-A Exchange Note are as follows: (i) the "Exchange Note Issuance Date" is January 23April 26, 20232022; (ii) the 20232022-A Exchange Note will be issued as a single class; (iii) the "Exchange Note Initial Principal Balance" for the 20232022-A Exchange Note is $1,555,412,371.131,555,494,845.36; (iv) the Reference Pool for the 20232022-A Exchange Note will be the 20232022-A Reference Pool, as stated in Section 3.1; (v) the "Cutoff Date" for the 2022-A Reference Pool is April 1, 2022;

Appears in 2 contracts

Samples: Credit and Security Agreement (Ford Credit Auto Lease Trust 2022-A), Credit and Security Agreement (Ford Credit Auto Lease Trust 2022-A)

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