Common use of Reallocation Constitutes Sole Remedy for Breach Clause in Contracts

Reallocation Constitutes Sole Remedy for Breach. Except as provided in Section 3.3, the sole remedy of the Collateral Agent, the 2011-B Exchange Noteholder, the Indenture Trustee, the holders of the Notes and any Purchaser Agent with respect to a breach of the representations and warranties contained in Section 3.3 is as set forth in Section 3.5(a).

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2011-B), Servicing Agreement (Ford Credit Auto Lease Trust 2011-B)

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Reallocation Constitutes Sole Remedy for Breach. Except as provided in Section 3.3, the sole remedy of the Collateral Agent, the 2011-B A Exchange Noteholder, the Indenture Trustee, the holders of the Notes and any Purchaser Agent with respect to a breach of the representations and warranties contained in Section 3.3 is as set forth in Section 3.5(a).

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2011-A), Servicing Supplement (Ford Credit Auto Lease Trust 2011-A)

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