Reallocation Sole Remedy. The sole remedy for a breach of a representation or warranty made by the Sponsor in Section 3.3 is to require the Sponsor to reallocate the Lease and Leased Vehicle or Leases and Leased Vehicles under this Section 3.4. The Depositor will enforce the Sponsor’s reallocation obligation under this Section 3.4.
Appears in 21 contracts
Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2021-B), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2021-B), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2021-A)
Reallocation Sole Remedy. The sole remedy for a breach of a representation or warranty made by the Sponsor in Section 3.3 is to require the Sponsor to reallocate the Lease and Leased Vehicle or Leases and Leased Vehicles under this Section 3.4. The Depositor will enforce the Sponsor’s 's reallocation obligation under this Section 3.4.
Appears in 11 contracts
Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2024-B), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2024-B), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2024-A)
Reallocation Sole Remedy. The sole remedy for a breach of a representation or warranty the Sponsor’s representations and warranties made by the Sponsor in Section 3.3 is to require the Sponsor to reallocate the Lease and Leased Vehicle or Leases and Leased Vehicles under this Section 3.4. The Depositor will enforce the Sponsor’s reallocation obligation under this Section 3.4.
Appears in 5 contracts
Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Two LLC), Exchange Note Purchase Agreement (Ford Credit Auto Lease Two LLC), Exchange Note Purchase Agreement (CAB East LLC)
