Reallocation of Leases and Leased Vehicles. When the Sponsor’s payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - Reference Pool.
Appears in 4 contracts
Samples: Exchange Note Purchase Agreement (CAB West LLC), Exchange Note Purchase Agreement (CAB East LLC), Exchange Note Purchase Agreement (CAB East LLC)
Reallocation of Leases and Leased Vehicles. When the SponsorDepositor’s payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - Reference Pool.
Appears in 4 contracts
Samples: Exchange Note Sale Agreement (CAB West LLC), Exchange Note Sale Agreement (CAB East LLC), Exchange Note Sale Agreement (CAB East LLC)
Reallocation of Leases and Leased Vehicles. When the Sponsor’s payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2017-B Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2017-B), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2017-B)
Reallocation of Leases and Leased Vehicles. When the Sponsor’s 's payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx mark its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2023-A Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2023-A), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2023-A)
Reallocation of Leases and Leased Vehicles. When the SponsorDepositor’s payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2019-B Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2019-B), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2019-B)
Reallocation of Leases and Leased Vehicles. When the SponsorDepositor’s payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2016-A Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Two LLC), Exchange Note Sale Agreement (Ford Credit Auto Lease Two LLC)
Reallocation of Leases and Leased Vehicles. When the Sponsor’s payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2018-B Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2018-B), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2018-B)
Reallocation of Leases and Leased Vehicles. When the Sponsor’s payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2021-A Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2021-A), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2021-A)
Reallocation of Leases and Leased Vehicles. When the Sponsor’s payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2017-A Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2017-A), Exchange Note Purchase Agreement (Ford Credit Auto Lease Two LLC)
Reallocation of Leases and Leased Vehicles. When the Sponsor’s payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2019-A Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2019-A), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2019-A)
Reallocation of Leases and Leased Vehicles. When the Sponsor’s Depositor's payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx mark its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2024-B Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2024-B), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2024-B)
Reallocation of Leases and Leased Vehicles. When the Sponsor’s Depositor's payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx mxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2022-A Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2022-A), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2022-A)
Reallocation of Leases and Leased Vehicles. When the Sponsor’s payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2020-B Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2020-B), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2020-B)
Reallocation of Leases and Leased Vehicles. When the Sponsor’s 's payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx mxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2022-A Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2022-A), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2022-A)
Reallocation of Leases and Leased Vehicles. When the SponsorDepositor’s payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2019-A Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2019-A), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2019-A)
Reallocation of Leases and Leased Vehicles. When the Sponsor’s payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2019-B Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2019-B), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2019-B)
Reallocation of Leases and Leased Vehicles. When the Sponsor’s 's payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx mark its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2023-B Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2023-B), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2023-B)
Reallocation of Leases and Leased Vehicles. When the SponsorDepositor’s payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2018-B Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2018-B), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2018-B)
Reallocation of Leases and Leased Vehicles. When the Sponsor’s 's payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx mark its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2024-B Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2024-B), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2024-B)
Reallocation of Leases and Leased Vehicles. When the SponsorDepositor’s payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2018-A Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2018-A), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2018-A)
Reallocation of Leases and Leased Vehicles. When the SponsorDepositor’s payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2017-A Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2017-A), Exchange Note Sale Agreement (Ford Credit Auto Lease Two LLC)
Reallocation of Leases and Leased Vehicles. When the Sponsor’s payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2018-A Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2018-A), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2018-A)
Reallocation of Leases and Leased Vehicles. When the Sponsor’s Depositor's payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx mark its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2023-A Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2023-A), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2023-A)
Reallocation of Leases and Leased Vehicles. When the SponsorDepositor’s payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2020-B Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2020-B), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2020-B)
Reallocation of Leases and Leased Vehicles. When the SponsorDepositor’s payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2017-B Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2017-B), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2017-B)
Reallocation of Leases and Leased Vehicles. When the SponsorDepositor’s payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2021-B Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2021-B), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2021-B)
Reallocation of Leases and Leased Vehicles. When the SponsorDepositor’s payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx mxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2020-A Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2020-A), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2020-A)
Reallocation of Leases and Leased Vehicles. When the Sponsor’s payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2021-B Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2021-B), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2021-B)
Reallocation of Leases and Leased Vehicles. When the Sponsor’s 's payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx mark its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2024-A Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2024-A), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2024-A)
Reallocation of Leases and Leased Vehicles. When the Sponsor’s Depositor's payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx mark its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2024-A Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2024-A), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2024-A)
Reallocation of Leases and Leased Vehicles. When the Sponsor’s payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2016-A Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Two LLC), Exchange Note Purchase Agreement (Ford Credit Auto Lease Two LLC)
Reallocation of Leases and Leased Vehicles. When the Sponsor’s Depositor's payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx mark its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2023-B Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2023-B), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2023-B)
Reallocation of Leases and Leased Vehicles. When the SponsorDepositor’s payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2021-A Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2021-A), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2021-A)
Reallocation of Leases and Leased Vehicles. When the Sponsor’s payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 2020-A Reference Pool.
Appears in 2 contracts
Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2020-A), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2020-A)
Reallocation of Leases and Leased Vehicles. When the Sponsor’s 's payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx mxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 20__-__ Reference Pool.
Appears in 1 contract
Reallocation of Leases and Leased Vehicles. When the Sponsor’s Depositor's payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the reallocation, the Sponsor will xxxx its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased Vehicle in the 20 - 20__-__ Reference Pool.
Appears in 1 contract