Principal Terms. The principal terms of the 2024-B Exchange Note are as follows: (i) the "Exchange Note Issuance Date" is July 23, 2024; (ii) the 2024-B Exchange Note will be issued as a single class; (iii) the "Exchange Note Initial Principal Balance" for the 2024-B Exchange Note is $1,496,175,257.73; (iv) the Reference Pool for the 2024-B Exchange Note will be the 2024-B Reference Pool, as stated in Section 3.1; (v) the "Cutoff Date" for the 2024-B Reference Pool is July 1, 2024; (vi) the "Exchange Note Interest Rate" for the 2024-B Exchange Note is 5.19%; (vii) the Exchange Note Events of Default for the 2024-B Exchange Note are stated in Section 4.1; and (viii) the "Exchange Note Final Scheduled Payment Date" for the 2024-B Exchange Note is May 15, 2029.
Appears in 2 contracts
Samples: Credit and Security Agreement (Ford Credit Auto Lease Trust 2024-B), Credit and Security Agreement (Ford Credit Auto Lease Trust 2024-B)
Principal Terms. The principal terms of the 20242023-B Exchange Note are as follows:
(i) the "Exchange Note Issuance Date" is July 23September 19, 20242023;
(ii) the 20242023-B Exchange Note will be issued as a single class;
(iii) the "Exchange Note Initial Principal Balance" for the 20242023-B Exchange Note is $1,496,175,257.731,244,381,443.30;
(iv) the Reference Pool for the 20242023-B Exchange Note will be the 20242023-B Reference Pool, as stated in Section 3.1;
(v) the "Cutoff Date" for the 20242023-B Reference Pool is July September 1, 20242023;
(vi) the "Exchange Note Interest Rate" for the 20242023-B Exchange Note is 5.196.98%;
(vii) the Exchange Note Events of Default for the 20242023-B Exchange Note are stated in Section 4.1; and
(viii) the "Exchange Note Final Scheduled Payment Date" for the 20242023-B Exchange Note is May June 15, 20292028.
Appears in 2 contracts
Samples: Credit and Security Agreement (Ford Credit Auto Lease Trust 2023-B), Credit and Security Agreement (Ford Credit Auto Lease Trust 2023-B)
Principal Terms. The principal terms of the 20242018-B Exchange Note are as follows:
(i) the "“Exchange Note Issuance Date" ” is July 23September 21, 20242018;
(ii) the 20242018-B Exchange Note will be issued as a single class;
(iii) the "“Exchange Note Initial Principal Balance" ” for the 20242018-B Exchange Note is $1,496,175,257.731,142,907,216.49;
(iv) the Reference Pool for the 20242018-B Exchange Note will be the 20242018-B Reference Pool, as stated in Section 3.1;
(v) the "“Cutoff Date" ” for the 20242018-B Reference Pool is July September 1, 20242018;
(vi) the "“Exchange Note Interest Rate" ” for the 20242018-B Exchange Note is 5.193.63%;
(vii) the Exchange Note Events of Default for the 20242018-B Exchange Note are stated in Section 4.1; and
(viii) the "“Exchange Note Final Scheduled Payment Date" ” for the 20242018-B Exchange Note is May 15, 20292023.
Appears in 1 contract
Samples: Credit and Security Agreement