Rating Agency Condition. If the transferee of the Residual Interest is Ford Credit or an Affiliate of Ford Credit that is not a special-purpose, bankruptcy remote entity, the holder of the Residual Interest satisfies the Rating Agency Condition.
Appears in 93 contracts
Samples: Trust Agreement (Ford Credit Auto Owner Trust 2024-D), Trust Agreement (Ford Credit Auto Owner Trust 2024-C), Trust Agreement (Ford Credit Auto Owner Trust 2024-C)
Rating Agency Condition. If the transferee of the Residual Interest is Ford Credit or an Affiliate of Ford Credit that is not a special-purpose, bankruptcy remote entity, the holder of the Residual Interest satisfies the Rating Agency Condition. [If the Residual Interest may be sold, insert provisions relating to the sale of the Residual Interest, including issuance provisions, legends, transfer restrictions and book-entry provisions. Defined term of "Residual Interest" will globally change to "Certificates".]
Appears in 1 contract
Samples: Trust Agreement (Ford Credit Auto Receivables Two LLC)
