Common use of Purchase for Servicer Modifications Clause in Contracts

Purchase for Servicer Modifications. If an extension or modification of a Receivable is made that requires it to be purchased under Section 3.2(b), the Servicer will purchase the Receivable.

Appears in 59 contracts

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

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Purchase for Servicer Modifications. If On the occurrence of an extension or modification requiring purchase of a Receivable is made that requires it to be purchased under Section 3.2(b), the Servicer will purchase the affected Receivable.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC)

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