Common use of Representations and Warranties from Exchange Note Purchase Agreement Clause in Contracts

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.

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)

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Representations and Warranties from Exchange Note Purchase Agreement. Ford Credit made representations and warranties about the Leases and Leased Vehicles in the 20242020-A B 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 ’s rights to these representations and warranties. Under Section 2.1, the Depositor has sold and assigned to the Issuer the Depositor's ’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 ’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 20242020-A B Reference Pool in Section 3.3 of the Exchange Note Purchase Agreement are true and correct. The Issuer is relying on Ford Credit's ’s representations and warranties in the Exchange Note Purchase Agreement and on the Depositor's ’s representations and warranties in this Section 3.2(a) in purchasing the 20242020-A B Exchange Note, which representations and warranties will survive the sale and assignment of the 20242020-A B Exchange Note by the Depositor to the Issuer under this Agreement and the pledge of the 20242020-A B Exchange Note to the Indenture Trustee under the Indenture.

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)

Representations and Warranties from Exchange Note Purchase Agreement. Ford Credit made representations and warranties about the Leases and Leased Vehicles in the 20242019-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 ’s rights to these representations and warranties. Under Section 2.1, the Depositor has sold and assigned to the Issuer the Depositor's ’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 ’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 20242019-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 ’s representations and warranties in the Exchange Note Purchase Agreement and on the Depositor's ’s representations and warranties in this Section 3.2(a) in purchasing the 20242019-A Exchange Note, which representations and warranties will survive the sale and assignment of the 20242019-A Exchange Note by the Depositor to the Issuer under this Agreement and the pledge of the 20242019-A Exchange Note to the Indenture Trustee under the Indenture.

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)

Representations and Warranties from Exchange Note Purchase Agreement. Ford Credit made representations and warranties about the Leases and Leased Vehicles in the 20242020-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 ’s rights to these representations and warranties. Under Section 2.1, the Depositor has sold and assigned to the Issuer the Depositor's ’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 ’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 20242020-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 ’s representations and warranties in the Exchange Note Purchase Agreement and on the Depositor's ’s representations and warranties in this Section 3.2(a) in purchasing the 20242020-A Exchange Note, which representations and warranties will survive the sale and assignment of the 20242020-A Exchange Note by the Depositor to the Issuer under this Agreement and the pledge of the 20242020-A Exchange Note to the Indenture Trustee under the Indenture.

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)

Representations and Warranties from Exchange Note Purchase Agreement. Ford Credit made representations and warranties about the Leases and Leased Vehicles in the 20242019-A B 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 ’s rights to these representations and warranties. Under Section 2.1, the Depositor has sold and assigned to the Issuer the Depositor's ’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 ’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 20242019-A B Reference Pool in Section 3.3 of the Exchange Note Purchase Agreement are true and correct. The Issuer is relying on Ford Credit's ’s representations and warranties in the Exchange Note Purchase Agreement and on the Depositor's ’s representations and warranties in this Section 3.2(a) in purchasing the 20242019-A B Exchange Note, which representations and warranties will survive the sale and assignment of the 20242019-A B Exchange Note by the Depositor to the Issuer under this Agreement and the pledge of the 20242019-A B Exchange Note to the Indenture Trustee under the Indenture.

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)

Representations and Warranties from Exchange Note Purchase Agreement. Ford Credit made representations and warranties about the Leases and Leased Vehicles in the 20242023-A B 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 20242023-A B 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 20242023-A B Exchange Note, which representations and warranties will survive the sale and assignment of the 20242023-A B Exchange Note by the Depositor to the Issuer under this Agreement and the pledge of the 20242023-A B Exchange Note to the Indenture Trustee under the Indenture.

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)

Representations and Warranties from Exchange Note Purchase Agreement. Ford Credit made representations and warranties about the Leases and Leased Vehicles in the 20242018-A B 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 ’s rights to these representations and warranties. Under Section 2.1, the Depositor has sold and assigned to the Issuer the Depositor's ’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 ’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 20242018-A B Reference Pool in Section 3.3 of the Exchange Note Purchase Agreement are true and correct. The Issuer is relying on Ford Credit's ’s representations and warranties in the Exchange Note Purchase Agreement and on the Depositor's ’s representations and warranties in this Section 3.2(a) in purchasing the 20242018-A B Exchange Note, which representations and warranties will survive the sale and assignment of the 20242018-A B Exchange Note by the Depositor to the Issuer under this Agreement and the pledge of the 20242018-A B Exchange Note to the Indenture Trustee under the Indenture.

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)

Representations and Warranties from Exchange Note Purchase Agreement. Ford Credit made representations and warranties about the Leases and Leased Vehicles in the 20242021-A B 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 ’s rights to these representations and warranties. Under Section 2.1, the Depositor has sold and assigned to the Issuer the Depositor's ’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 ’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 20242021-A B Reference Pool in Section 3.3 of the Exchange Note Purchase Agreement are true and correct. The Issuer is relying on Ford Credit's ’s representations and warranties in the Exchange Note Purchase Agreement and on the Depositor's ’s representations and warranties in this Section 3.2(a) in purchasing the 20242021-A B Exchange Note, which representations and warranties will survive the sale and assignment of the 20242021-A B Exchange Note by the Depositor to the Issuer under this Agreement and the pledge of the 20242021-A B Exchange Note to the Indenture Trustee under the Indenture.

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)

Representations and Warranties from Exchange Note Purchase Agreement. Ford Credit made representations and warranties about the Leases and Leased Vehicles in the 2024-A 20 - 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 ’s rights to these representations and warranties. Under Section 2.1, the Depositor has sold and assigned to the Issuer the Depositor's ’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 ’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 20 - Reference Pool in Section 3.3 of the Exchange Note Purchase Agreement are true and correctcorrect in all material respects. The Issuer is relying on Ford Credit's ’s representations and warranties in the Exchange Note Purchase Agreement and on the Depositor's ’s representations and warranties in this Section 3.2(a) in purchasing the 2024-A 20 - Exchange Note, which representations and warranties will survive the sale and assignment of the 2024-A 20 - Exchange Note by the Depositor to the Issuer under this Agreement and the pledge of the 2024-A 20 - Exchange Note to the Indenture Trustee under the Indenture.

Appears in 2 contracts

Samples: Exchange Note Sale Agreement (CAB East LLC), Exchange Note Sale Agreement (CAB East LLC)

Representations and Warranties from Exchange Note Purchase Agreement. Ford Credit made representations and warranties about the Leases and Leased Vehicles in the 20242021-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 ’s rights to these representations and warranties. Under Section 2.1, the Depositor has sold and assigned to the Issuer the Depositor's ’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 ’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 20242021-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 ’s representations and warranties in the Exchange Note Purchase Agreement and on the Depositor's ’s representations and warranties in this Section 3.2(a) in purchasing the 20242021-A Exchange Note, which representations and warranties will survive the sale and assignment of the 20242021-A Exchange Note by the Depositor to the Issuer under this Agreement and the pledge of the 20242021-A Exchange Note to the Indenture Trustee under the Indenture.

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)

Representations and Warranties from Exchange Note Purchase Agreement. Ford Credit made representations and warranties about the Leases and Leased Vehicles in the 20242016-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 ’s rights to these representations and warranties. Under Section 2.1, the Depositor has sold and assigned to the Issuer the Depositor's ’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 ’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 20242016-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 ’s representations and warranties in the Exchange Note Purchase Agreement and on the Depositor's ’s representations and warranties in this Section 3.2(a) in purchasing the 20242016-A Exchange Note, which representations and warranties will survive the sale and assignment of the 20242016-A Exchange Note by the Depositor to the Issuer under this Agreement and the pledge of the 20242016-A Exchange Note to the Indenture Trustee under the Indenture.

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)

Representations and Warranties from Exchange Note Purchase Agreement. Ford Credit made representations and warranties about the Leases and Leased Vehicles in the 20242022-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 20242022-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 20242022-A Exchange Note, which representations and warranties will survive the sale and assignment of the 20242022-A Exchange Note by the Depositor to the Issuer under this Agreement and the pledge of the 20242022-A Exchange Note to the Indenture Trustee under the Indenture.

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)

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Representations and Warranties from Exchange Note Purchase Agreement. Ford Credit made representations and warranties about the Leases and Leased Vehicles in the 20242017-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 ’s rights to these representations and warranties. Under Section 2.1, the Depositor has sold and assigned to the Issuer the Depositor's ’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 ’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 20242017-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 ’s representations and warranties in the Exchange Note Purchase Agreement and on the Depositor's ’s representations and warranties in this Section 3.2(a) in purchasing the 20242017-A Exchange Note, which representations and warranties will survive the sale and assignment of the 20242017-A Exchange Note by the Depositor to the Issuer under this Agreement and the pledge of the 20242017-A Exchange Note to the Indenture Trustee under the Indenture.

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)

Representations and Warranties from Exchange Note Purchase Agreement. Ford Credit made representations and warranties about the Leases and Leased Vehicles in the 20242018-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 ’s rights to these representations and warranties. Under Section 2.1, the Depositor has sold and assigned to the Issuer the Depositor's ’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 ’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 20242018-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 ’s representations and warranties in the Exchange Note Purchase Agreement and on the Depositor's ’s representations and warranties in this Section 3.2(a) in purchasing the 20242018-A Exchange Note, which representations and warranties will survive the sale and assignment of the 20242018-A Exchange Note by the Depositor to the Issuer under this Agreement and the pledge of the 20242018-A Exchange Note to the Indenture Trustee under the Indenture.

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)

Representations and Warranties from Exchange Note Purchase Agreement. Ford Credit made representations and warranties about the Leases and Leased Vehicles in the 20242017-A B 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 ’s rights to these representations and warranties. Under Section 2.1, the Depositor has sold and assigned to the Issuer the Depositor's ’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 ’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 20242017-A B Reference Pool in Section 3.3 of the Exchange Note Purchase Agreement are true and correct. The Issuer is relying on Ford Credit's ’s representations and warranties in the Exchange Note Purchase Agreement and on the Depositor's ’s representations and warranties in this Section 3.2(a) in purchasing the 20242017-A B Exchange Note, which representations and warranties will survive the sale and assignment of the 20242017-A B Exchange Note by the Depositor to the Issuer under this Agreement and the pledge of the 20242017-A B Exchange Note to the Indenture Trustee under the Indenture.

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)

Representations and Warranties from Exchange Note Purchase Agreement. Ford Credit made representations and warranties about the Leases and Leased Vehicles in the 20242023-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 20242023-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 20242023-A Exchange Note, which representations and warranties will survive the sale and assignment of the 20242023-A Exchange Note by the Depositor to the Issuer under this Agreement and the pledge of the 20242023-A Exchange Note to the Indenture Trustee under the Indenture.

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)

Representations and Warranties from Exchange Note Purchase Agreement. Ford Credit made representations and warranties about the Leases and Leased Vehicles in the 2024-A 20__-__ 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 20__-__ 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 20__-__ Exchange Note, which representations and warranties will survive the sale and assignment of the 2024-A 20__-__ Exchange Note by the Depositor to the Issuer under this Agreement and the pledge of the 2024-A 20__-__ Exchange Note to the Indenture Trustee under the Indenture.

Appears in 1 contract

Samples: Exchange Note Sale Agreement (CAB East LLC)

Representations and Warranties from Exchange Note Purchase Agreement. Ford Credit made representations and warranties about the Leases and Leased Vehicles in the 2024-A 20 - 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 ’s rights to these representations and warranties. Under Section 2.1, the Depositor has sold and assigned to the Issuer the Depositor's ’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 ’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 20 - Reference Pool in Section 3.3 of the Exchange Note Purchase Agreement are true and correctcorrect in all material respects. The Issuer is relying on Ford Credit's ’s representations and warranties in the Exchange Note Purchase Agreement and on the Depositor's ’s representations and warranties in this Section 3.2(a) in purchasing the 2024-A 20 - Exchange Note, which representations and warranties will survive the sale and assignment of the 2024-A 20 - Exchange Note by the Depositor to the Issuer under this Agreement and the pledge of the 2024-A 20 - Exchange Note to the Indenture Trustee under the Indenture.

Appears in 1 contract

Samples: Exchange Note Sale Agreement (CAB East LLC)

Representations and Warranties from Exchange Note Purchase Agreement. Ford Credit made representations and warranties about the Leases and Leased Vehicles in the 2024-A 20 - 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 ’s rights to these representations and warranties. Under Section 2.1, the Depositor has sold and assigned to the Issuer the Depositor's ’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 ’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 20 - Reference Pool in Section 3.3 of the Exchange Note Purchase Agreement are true and correct. The Issuer is relying on Ford Credit's ’s representations and warranties in the Exchange Note Purchase Agreement and on the Depositor's ’s representations and warranties in this Section 3.2(a) in purchasing the 2024-A 20 - Exchange Note, which representations and warranties will survive the sale and assignment of the 2024-A 20 - Exchange Note by the Depositor to the Issuer under this Agreement and the pledge of the 2024-A 20 - Exchange Note to the Indenture Trustee under the Indenture.

Appears in 1 contract

Samples: Exchange Note Sale Agreement (CAB West LLC)

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