Common use of Reallocation is Sole Remedy Clause in Contracts

Reallocation is Sole Remedy. The sole remedy of the Collateral Agent, the Depositor, the 2024-B Exchange Noteholder, the Owner Trustee, the Indenture Trustee and the Secured Parties for the occurrence of a condition stated in Section 3.2 or a breach of a covenant made by the Servicer in Section 3.3(e) or (f) of the Servicing Agreement is the Servicer's reallocation of the Lease and the Leased Vehicle to the Revolving Facility Pool under this Section 3.3.

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2024-B), Servicing Agreement (Ford Credit Auto Lease Trust 2024-B)

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Reallocation is Sole Remedy. The sole remedy of the Collateral Agent, the Depositor, the 2024-B 20 - Exchange Noteholder, the Owner Trustee, the Indenture Trustee and the Secured Parties for the occurrence of a condition stated in Section 3.2 or a breach of a covenant the covenants made by the Servicer in Section 3.3(e) or (f) of the Servicing Agreement is the Servicer's ’s reallocation of the Lease and the Leased Vehicle to the Revolving Facility Pool under this Section 3.3.

Appears in 2 contracts

Samples: Servicing Agreement (CAB East LLC), Servicing Agreement (CAB East LLC)

Reallocation is Sole Remedy. The sole remedy of the Collateral Agent, the Depositor, the 20242017-B Exchange Noteholder, the Owner Trustee, the Indenture Trustee and the Secured Parties for the occurrence of a condition stated in Section 3.2 or a breach of a covenant made by the Servicer in Section 3.3(e) or (f) of the Servicing Agreement is the Servicer's ’s reallocation of the Lease and the Leased Vehicle to the Revolving Facility Pool under this Section 3.3.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2017-B), Servicing Agreement (Ford Credit Auto Lease Trust 2017-B)

Reallocation is Sole Remedy. The sole remedy of the Collateral Agent, the Depositor, the 20242016-B A Exchange Noteholder, the Owner Trustee, the Indenture Trustee and the Secured Parties for the occurrence of a condition stated in Section 3.2 or a breach of a covenant the covenants made by the Servicer in Section 3.3(e) or (f) of the Servicing Agreement is the Servicer's ’s reallocation of the Lease and the Leased Vehicle to the Revolving Facility Pool under this Section 3.3.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Two LLC), Servicing Agreement (Ford Credit Auto Lease Two LLC)

Reallocation is Sole Remedy. The sole remedy of the Collateral Agent, the Depositor, the 20242023-B A Exchange Noteholder, the Owner Trustee, the Indenture Trustee and the Secured Parties for the occurrence of a condition stated in Section 3.2 or a breach of a covenant made by the Servicer in Section 3.3(e) or (f) of the Servicing Agreement is the Servicer's reallocation of the Lease and the Leased Vehicle to the Revolving Facility Pool under this Section 3.3.

Appears in 2 contracts

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

Reallocation is Sole Remedy. The sole remedy of the Collateral Agent, the Depositor, the 20242019-B Exchange Noteholder, the Owner Trustee, the Indenture Trustee and the Secured Parties for the occurrence of a condition stated in Section 3.2 or a breach of a covenant made by the Servicer in Section 3.3(e) or (f) of the Servicing Agreement is the Servicer's ’s reallocation of the Lease and the Leased Vehicle to the Revolving Facility Pool under this Section 3.3.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2019-B), Servicing Agreement (Ford Credit Auto Lease Trust 2019-B)

Reallocation is Sole Remedy. The sole remedy of the Collateral Agent, the Depositor, the 20242020-B Exchange Noteholder, the Owner Trustee, the Indenture Trustee and the Secured Parties for the occurrence of a condition stated in Section 3.2 or a breach of a covenant made by the Servicer in Section 3.3(e) or (f) of the Servicing Agreement is the Servicer's ’s reallocation of the Lease and the Leased Vehicle to the Revolving Facility Pool under this Section 3.3.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2020-B), Servicing Agreement (Ford Credit Auto Lease Trust 2020-B)

Reallocation is Sole Remedy. The sole remedy of the Collateral Agent, the Depositor, the 2024-B A Exchange Noteholder, the Owner Trustee, the Indenture Trustee and the Secured Parties for the occurrence of a condition stated in Section 3.2 or a breach of a covenant made by the Servicer in Section 3.3(e) or (f) of the Servicing Agreement is the Servicer's reallocation of the Lease and the Leased Vehicle to the Revolving Facility Pool under this Section 3.3.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2024-A), Servicing Agreement (Ford Credit Auto Lease Trust 2024-A)

Reallocation is Sole Remedy. The sole remedy of the Collateral Agent, the Depositor, the 20242022-B A Exchange Noteholder, the Owner Trustee, the Indenture Trustee and the Secured Parties for the occurrence of a condition stated in Section 3.2 or a breach of a covenant made by the Servicer in Section 3.3(e) or (f) of the Servicing Agreement is the Servicer's reallocation of the Lease and the Leased Vehicle to the Revolving Facility Pool under this Section 3.3.

Appears in 2 contracts

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

Reallocation is Sole Remedy. The sole remedy of the Collateral Agent, the Depositor, the 20242021-B Exchange Noteholder, the Owner Trustee, the Indenture Trustee and the Secured Parties for the occurrence of a condition stated in Section 3.2 or a breach of a covenant made by the Servicer in Section 3.3(e) or (f) of the Servicing Agreement is the Servicer's ’s reallocation of the Lease and the Leased Vehicle to the Revolving Facility Pool under this Section 3.3.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2021-B), Servicing Agreement (Ford Credit Auto Lease Trust 2021-B)

Reallocation is Sole Remedy. The sole remedy of the Collateral Agent, the Depositor, the 20242017-B A Exchange Noteholder, the Owner Trustee, the Indenture Trustee and the Secured Parties for the occurrence of a condition stated in Section 3.2 or a breach of a covenant made by the Servicer in Section 3.3(e) or (f) of the Servicing Agreement is the Servicer's ’s reallocation of the Lease and the Leased Vehicle to the Revolving Facility Pool under this Section 3.3.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2017-A), Servicing Agreement (Ford Credit Auto Lease Two LLC)

Reallocation is Sole Remedy. The sole remedy of the Collateral Agent, the Depositor, the 20242019-B A Exchange Noteholder, the Owner Trustee, the Indenture Trustee and the Secured Parties for the occurrence of a condition stated in Section 3.2 or a breach of a covenant made by the Servicer in Section 3.3(e) or (f) of the Servicing Agreement is the Servicer's ’s reallocation of the Lease and the Leased Vehicle to the Revolving Facility Pool under this Section 3.3.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2019-A), Servicing Agreement (Ford Credit Auto Lease Trust 2019-A)

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Reallocation is Sole Remedy. The sole remedy of the Collateral Agent, the Depositor, the 20242021-B A Exchange Noteholder, the Owner Trustee, the Indenture Trustee and the Secured Parties for the occurrence of a condition stated in Section 3.2 or a breach of a covenant made by the Servicer in Section 3.3(e) or (f) of the Servicing Agreement is the Servicer's ’s reallocation of the Lease and the Leased Vehicle to the Revolving Facility Pool under this Section 3.3.

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2021-A), Servicing Agreement (Ford Credit Auto Lease Trust 2021-A)

Reallocation is Sole Remedy. The sole remedy of the Collateral Agent, the Depositor, the 20242018-B Exchange Noteholder, the Owner Trustee, the Indenture Trustee and the Secured Parties for the occurrence of a condition stated in Section 3.2 or a breach of a covenant made by the Servicer in Section 3.3(e) or (f) of the Servicing Agreement is the Servicer's ’s reallocation of the Lease and the Leased Vehicle to the Revolving Facility Pool under this Section 3.3.

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2018-B), Servicing Agreement (Ford Credit Auto Lease Trust 2018-B)

Reallocation is Sole Remedy. The sole remedy of the Collateral Agent, the Depositor, the 20242023-B Exchange Noteholder, the Owner Trustee, the Indenture Trustee and the Secured Parties for the occurrence of a condition stated in Section 3.2 or a breach of a covenant made by the Servicer in Section 3.3(e) or (f) of the Servicing Agreement is the Servicer's reallocation of the Lease and the Leased Vehicle to the Revolving Facility Pool under this Section 3.3.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2023-B), Servicing Agreement (Ford Credit Auto Lease Trust 2023-B)

Reallocation is Sole Remedy. The sole remedy of the Collateral Agent, the Depositor, the 20242020-B A Exchange Noteholder, the Owner Trustee, the Indenture Trustee and the Secured Parties for the occurrence of a condition stated in Section 3.2 or a breach of a covenant made by the Servicer in Section 3.3(e) or (f) of the Servicing Agreement is the Servicer's ’s reallocation of the Lease and the Leased Vehicle to the Revolving Facility Pool under this Section 3.3.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2020-A), Servicing Agreement (Ford Credit Auto Lease Trust 2020-A)

Reallocation is Sole Remedy. The sole remedy of the Collateral Agent, the Depositor, the 20242018-B A Exchange Noteholder, the Owner Trustee, the Indenture Trustee and the Secured Parties for the occurrence of a condition stated in Section 3.2 or a breach of a covenant made by the Servicer in Section 3.3(e) or (f) of the Servicing Agreement is the Servicer's ’s reallocation of the Lease and the Leased Vehicle to the Revolving Facility Pool under this Section 3.3.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2018-A), Servicing Agreement (Ford Credit Auto Lease Trust 2018-A)

Reallocation is Sole Remedy. The sole remedy of the Collateral Agent, the Depositor, the 2024-B 20 - Exchange Noteholder, the Owner Trustee, the Indenture Trustee and the Secured Parties for the occurrence of a condition stated in Section 3.2 or a breach of a covenant made by the Servicer in Section 3.3(e) or (f) of the Servicing Agreement is the Servicer's ’s reallocation of the Lease and the Leased Vehicle to the Revolving Facility Pool under this Section 3.3.

Appears in 1 contract

Samples: Servicing Agreement (CAB West LLC)

Reallocation is Sole Remedy. The sole remedy of the Collateral Agent, the Depositor, the 2024-B 20__-__ Exchange Noteholder, the Owner Trustee, the Indenture Trustee and the Secured Parties for the occurrence of a condition stated in Section 3.2 or a breach of a covenant made by the Servicer in Section 3.3(e) or (f) of the Servicing Agreement is the Servicer's reallocation of the Lease and the Leased Vehicle to the Revolving Facility Pool under this Section 3.3.

Appears in 1 contract

Samples: Servicing Supplement (CAB East LLC)

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