Sale of Sold Property. Effective on the Closing Date and immediately after the transaction under the Exchange Note Purchase Agreement, and immediately before the transactions under the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse (other than the Depositor’s obligations under this Agreement), all of the Depositor’s right, title and interest, whether now owned or later acquired, in the Sold Property. This sale and assignment does not, and is not intended to, include any obligation of the Depositor to the Titling Companies, the Lessees, the Dealers or any other Person relating to the 20 - Reference Pool and the other Sold Property, and the Issuer does not assume any obligations.
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)
Sale of Sold Property. Effective on the Closing Date and immediately after the transaction under the Exchange Note Purchase Agreement, and immediately before the transactions under the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse (other than the Depositor’s obligations under this Agreement), all of the Depositor’s right, title and interest, whether now owned or later acquired, in the Sold Property. This sale and assignment does not, and is not intended to, include any obligation of the Depositor to the Titling Companies, the Lessees, the Dealers or any other Person relating to the 20 - 2021-B Reference Pool and the other Sold Property, and the Issuer does not assume any obligations.
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)
Sale of Sold Property. Effective on the Closing Date and immediately after the transaction under the Exchange Note Purchase Agreement, and immediately before the transactions under the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse (other than the Depositor’s obligations under this Agreement), all of the Depositor’s right, title and interest, whether now owned or later acquired, in the Sold Property. This sale and assignment does not, and is not intended to, include any obligation of the Depositor to the Titling Companies, the Lessees, the Dealers or any other Person relating to the 20 - 2020-B Reference Pool and the other Sold Property, and the Issuer does not assume any obligations.
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)
Sale of Sold Property. Effective on the Closing Date and immediately after the transaction under the Exchange Note Purchase Agreement, and immediately before the transactions under the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse (other than the Depositor’s obligations under this Agreement), all of the Depositor’s right, title and interest, whether now owned or later acquired, in the Sold Property. This sale and assignment does not, and is not intended to, include any obligation of the Depositor to the Titling Companies, the Lessees, the Dealers or any other Person relating to the 20 - 2019-B Reference Pool and the other Sold Property, and the Issuer does not assume any obligations.
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)
Sale of Sold Property. Effective on the Closing Date and immediately after the transaction under the Exchange Note Purchase Agreement, and immediately before the transactions under the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse (other than the Depositor’s obligations under this Agreement), all of the Depositor’s right, title and interest, whether now owned or later acquired, in the Sold Property. This sale and assignment does not, and is not intended to, include any obligation of the Depositor to the Titling Companies, the Lessees, the Dealers or any other Person relating to the 20 - 2019-A Reference Pool and the other Sold Property, and the Issuer does not assume any obligations.
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)
Sale of Sold Property. Effective on the Closing Date and immediately after the transaction under the Exchange Note Purchase Agreement, and immediately before the transactions under the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse (other than the Depositor’s 's obligations under this Agreement), all of the Depositor’s 's right, title and interest, whether now owned or later acquired, in the Sold Property. This sale and assignment does not, and is not intended to, include any obligation of the Depositor to the Titling Companies, the Lessees, the Dealers or any other Person relating to the 20 - 2024-A Reference Pool and the other Sold Property, and the Issuer does not assume any obligations.
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)
Sale of Sold Property. Effective on the Closing Date and immediately after the transaction under the Exchange Note Purchase Agreement, and immediately before the transactions under the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse (other than the Depositor’s obligations under this Agreement), all of the Depositor’s right, title and interest, whether now owned or later acquired, in the Sold Property. This sale and assignment does not, and is not intended to, include any obligation of the Depositor to the Titling Companies, the Lessees, the Dealers or any other Person relating to the 20 - 2018-B Reference Pool and the other Sold Property, and the Issuer does not assume any obligations.
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)
Sale of Sold Property. Effective on the Closing Date and immediately after the transaction under the Exchange Note Purchase Agreement, and immediately before the transactions under the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse (other than the Depositor’s 's obligations under this Agreement), all of the Depositor’s 's right, title and interest, whether now owned or later acquired, in the Sold Property. This sale and assignment does not, and is not intended to, include any obligation of the Depositor to the Titling Companies, the Lessees, the Dealers or any other Person relating to the 20 - 2023-A Reference Pool and the other Sold Property, and the Issuer does not assume any obligations.
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)
Sale of Sold Property. Effective on the Closing Date and immediately after the transaction under the Exchange Note Purchase Agreement, and immediately before the transactions under the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse (other than the Depositor’s obligations under this Agreement), all of the Depositor’s right, title and interest, whether now owned or later acquired, in the Sold Property. This sale and assignment does not, and is not intended to, include any obligation of the Depositor to the Titling Companies, the Lessees, the Dealers or any other Person relating to the 20 - 2021-A Reference Pool and the other Sold Property, and the Issuer does not assume any obligations.
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)
Sale of Sold Property. Effective on the Closing Date and immediately after the transaction under the Exchange Note Purchase Agreement, and immediately before the transactions under the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse (other than the Depositor’s obligations under this Agreement), all of the Depositor’s right, title and interest, whether now owned or later acquired, in the Sold Property. This sale and assignment does not, and is not intended to, include any obligation of the Depositor to the Titling Companies, the Lessees, the Dealers or any other Person relating to the 20 - 2020-A Reference Pool and the other Sold Property, and the Issuer does not assume any obligations.
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)
Sale of Sold Property. Effective on the Closing Date and immediately after the transaction under the Exchange Note Purchase Agreement, and immediately before the transactions under the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse (other than the Depositor’s 's obligations under this Agreement), all of the Depositor’s 's right, title and interest, whether now owned or later acquired, in the Sold Property. This sale and assignment does not, and is not intended to, include any obligation of the Depositor to the Titling Companies, the Lessees, the Dealers or any other Person relating to the 20 - 2024-B Reference Pool and the other Sold Property, and the Issuer does not assume any obligations.
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)
Sale of Sold Property. Effective on the Closing Date and immediately after the transaction under the Exchange Note Purchase Agreement, and immediately before the transactions under the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse (other than the Depositor’s obligations under this Agreement), all of the Depositor’s right, title and interest, whether now owned or later acquired, in the Sold Property. This sale and assignment does not, and is not intended to, include any obligation of the Depositor to the Titling Companies, the Lessees, the Dealers or any other Person relating to the 20 - 2016-A Reference Pool and the other Sold Property, and the Issuer does not assume any obligations.
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)
Sale of Sold Property. Effective on the Closing Date and immediately after the transaction under the Exchange Note Purchase Agreement, and immediately before the transactions under the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse (other than the Depositor’s obligations under this Agreement), all of the Depositor’s right, title and interest, whether now owned or later acquired, in the Sold Property. This sale and assignment does not, and is not intended to, include any obligation of the Depositor to the Titling Companies, the Lessees, the Dealers or any other Person relating to the 20 - 2017-A Reference Pool and the other Sold Property, and the Issuer does not assume any obligations.
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)
Sale of Sold Property. Effective on the Closing Date and immediately after the transaction under the Exchange Note Purchase Agreement, and immediately before the transactions under the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse (other than the Depositor’s obligations under this Agreement), all of the Depositor’s right, title and interest, whether now owned or later acquired, in the Sold Property. This sale and assignment does not, and is not intended to, include any obligation of the Depositor to the Titling Companies, the Lessees, the Dealers or any other Person relating to the 20 - 2017-B Reference Pool and the other Sold Property, and the Issuer does not assume any obligations.
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)
Sale of Sold Property. Effective on the Closing Date and immediately after the transaction under the Exchange Note Purchase Agreement, and immediately before the transactions under the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse (other than the Depositor’s 's obligations under this Agreement), all of the Depositor’s 's right, title and interest, whether now owned or later acquired, in the Sold Property. This sale and assignment does not, and is not intended to, include any obligation of the Depositor to the Titling Companies, the Lessees, the Dealers or any other Person relating to the 20 - 2022-A Reference Pool and the other Sold Property, and the Issuer does not assume any obligations.
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)
Sale of Sold Property. Effective on the Closing Date and immediately after the transaction under the Exchange Note Purchase Agreement, and immediately before the transactions under the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse (other than the Depositor’s 's obligations under this Agreement), all of the Depositor’s 's right, title and interest, whether now owned or later acquired, in the Sold Property. This sale and assignment does not, and is not intended to, include any obligation of the Depositor to the Titling Companies, the Lessees, the Dealers or any other Person relating to the 20 - 2023-B Reference Pool and the other Sold Property, and the Issuer does not assume any obligations.
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)
Sale of Sold Property. Effective on the Closing Date and immediately after the transaction under the Exchange Note Purchase Agreement, and immediately before the transactions under the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse (other than the Depositor’s obligations under this Agreement), all of the Depositor’s right, title and interest, whether now owned or later acquired, in the Sold Property. This sale and assignment does not, and is not intended to, include any obligation of the Depositor to the Titling Companies, the Lessees, the Dealers or any other Person relating to the 20 - 2018-A Reference Pool and the other Sold Property, and the Issuer does not assume any obligations.
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)
Sale of Sold Property. Effective on the Closing Date and immediately after the transaction under the Exchange Note Purchase Agreement, and immediately before the transactions under the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse (other than the Depositor’s 's obligations under this Agreement), all of the Depositor’s 's right, title and interest, whether now owned or later acquired, in the Sold Property. This sale and assignment does not, and is not intended to, include any obligation of the Depositor to the Titling Companies, the Lessees, the Dealers or any other Person relating to the 20 - 20__-__ Reference Pool and the other Sold Property, and the Issuer does not assume any obligations.
Appears in 1 contract