Representations and Warranties from Exchange Note Purchase Agreement. Ford Credit made representations and warranties about the Leases and Leased Vehicles in the 2024-A Reference Pool in Section 3.3 of the Exchange Note Purchase Agreement, and has consented to the sale by the Depositor to the Issuer of the Depositor's rights to these representations and warranties. Under Section 2.1, the Depositor has sold and assigned to the Issuer the Depositor's rights under the Exchange Note Purchase Agreement, including the right to require Ford Credit to reallocate any Leases and Leased Vehicles if there is a breach of Ford Credit's representations and warranties. In addition, the Depositor represents and warrants as of the Closing Date that the representations and warranties about the Leases and Leased Vehicles in the 2024-A Reference Pool in Section 3.3 of the Exchange Note Purchase Agreement are true and correct. The Issuer is relying on Ford Credit's representations and warranties in the Exchange Note Purchase Agreement and on the Depositor's representations and warranties in this Section 3.2(a) in purchasing the 2024-A Exchange Note, which representations and warranties will survive the sale and assignment of the 2024-A Exchange Note by the Depositor to the Issuer under this Agreement and the pledge of the 2024-A Exchange Note to the Indenture Trustee under the Indenture.
