Common use of Servicer May Own Exchange Note and Notes Clause in Contracts

Servicer May Own Exchange Note and Notes. The Servicer, and any Affiliate of the Servicer, may, in its individual or any other capacity, become the owner or pledgee of the 2012-B Exchange Note and/or the Notes with the same rights as it would have if it were not the Servicer or an Affiliate thereof, except as otherwise provided in the Servicing Agreement, this Servicing Supplement, the Credit and Security Agreement and the Indenture. Except as set forth in the Servicing Agreement, this Servicing Supplement or in the other 2012-B Basic Documents, Notes so owned by or pledged to the Servicer or such Affiliate will have an equal and proportionate benefit under the Servicing Agreement and this Servicing Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2012-B), Servicing Supplement (Ford Credit Auto Lease Trust 2012-B)

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Servicer May Own Exchange Note and Notes. The Servicer, and any Affiliate of the Servicer, may, in its individual or any other capacity, become the owner or pledgee of the 20122015-B A Exchange Note and/or the Notes with the same rights as it would have if it were not the Servicer or an Affiliate thereof, except as otherwise provided in the Servicing Agreement, this Servicing Supplement, the Credit and Security Agreement and the Indenture. Except as set forth in the Servicing Agreement, this Servicing Supplement or in the other 20122015-B A Basic Documents, Notes so owned by or pledged to the Servicer or such the Affiliate will have an equal and proportionate benefit under the Servicing Agreement and this Servicing Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2015-A), Servicing Agreement (Ford Credit Auto Lease Trust 2015-A)

Servicer May Own Exchange Note and Notes. The Servicer, and any Affiliate of the Servicer, may, in its individual or any other capacity, become the owner or pledgee of the 20122014-B A Exchange Note and/or the Notes with the same rights as it would have if it were not the Servicer or an Affiliate thereof, except as otherwise provided in the Servicing Agreement, this Servicing Supplement, the Credit and Security Agreement and the Indenture. Except as set forth in the Servicing Agreement, this Servicing Supplement or in the other 20122014-B A Basic Documents, Notes so owned by or pledged to the Servicer or such Affiliate will have an equal and proportionate benefit under the Servicing Agreement and this Servicing Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2014-A), Servicing Agreement (Ford Credit Auto Lease Trust 2014-A)

Servicer May Own Exchange Note and Notes. The Servicer, and any Affiliate of the Servicer, may, in its individual or any other capacity, become the owner or pledgee of the 2012-B A Exchange Note and/or the Notes with the same rights as it would have if it were not the Servicer or an Affiliate thereof, except as otherwise provided in the Servicing Agreement, this Servicing Supplement, the Credit and Security Agreement and the Indenture. Except as set forth in the Servicing Agreement, this Servicing Supplement or in the other 2012-B A Basic Documents, Notes so owned by or pledged to the Servicer or such Affiliate will have an equal and proportionate benefit under the Servicing Agreement and this Servicing Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2012-A), Servicing Agreement (Ford Credit Auto Lease Trust 2012-A)

Servicer May Own Exchange Note and Notes. The Servicer, and any Affiliate of the Servicer, may, in its individual or any other capacity, become the owner or pledgee of the 20122013-B A Exchange Note and/or the Notes with the same rights as it would have if it were not the Servicer or an Affiliate thereof, except as otherwise provided in the Servicing Agreement, this Servicing Supplement, the Credit and Security Agreement and the Indenture. Except as set forth in the Servicing Agreement, this Servicing Supplement or in the other 20122013-B A Basic Documents, Notes so owned by or pledged to the Servicer or such Affiliate will have an equal and proportionate benefit under the Servicing Agreement and this Servicing Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2013-A), Servicing Supplement (Ford Credit Auto Lease Trust 2013-A)

Servicer May Own Exchange Note and Notes. The Servicer, and any Affiliate of the Servicer, may, in its individual or any other capacity, become the owner or pledgee of the 20122011-B A Exchange Note and/or the Notes with the same rights as it would have if it were not the Servicer or an Affiliate thereof, except as otherwise provided in the Servicing Agreement, this Servicing Supplement, the Credit and Security Agreement and the Indenture. Except as set forth in the Servicing Agreement, this Servicing Supplement or in the other 20122011-B A Basic Documents, Notes so owned by or pledged to the Servicer or such Affiliate will have an equal and proportionate benefit under the Servicing Agreement and this Servicing Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2011-A), Servicing Supplement (Ford Credit Auto Lease Trust 2011-A)

Servicer May Own Exchange Note and Notes. The Servicer, and any Affiliate of the Servicer, may, in its individual or any other capacity, become the owner or pledgee of the 20122014-B Exchange Note and/or the Notes with the same rights as it would have if it were not the Servicer or an Affiliate thereof, except as otherwise provided in the Servicing Agreement, this Servicing Supplement, the Credit and Security Agreement and the Indenture. Except as set forth in the Servicing Agreement, this Servicing Supplement or in the other 20122014-B Basic Documents, Notes so owned by or pledged to the Servicer or such the Affiliate will have an equal and proportionate benefit under the Servicing Agreement and this Servicing Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2014-B), Servicing Supplement (Ford Credit Auto Lease Trust 2014-B)

Servicer May Own Exchange Note and Notes. The Servicer, and any Affiliate of the Servicer, may, in its individual or any other capacity, become the owner or pledgee of the 20122011-B Exchange Note and/or the Notes with the same rights as it would have if it were not the Servicer or an Affiliate thereof, except as otherwise provided in the Servicing Agreement, this Servicing Supplement, the Credit and Security Agreement and the Indenture. Except as set forth in the Servicing Agreement, this Servicing Supplement or in the other 20122011-B Basic Documents, Notes so owned by or pledged to the Servicer or such Affiliate will have an equal and proportionate benefit under the Servicing Agreement and this Servicing Supplement.

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2011-B), Servicing Agreement (Ford Credit Auto Lease Trust 2011-B)

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Servicer May Own Exchange Note and Notes. The Servicer, and any Affiliate of the Servicer, may, in its individual or any other capacity, become the owner or pledgee of the 20122013-B Exchange Note and/or the Notes with the same rights as it would have if it were not the Servicer or an Affiliate thereof, except as otherwise provided in the Servicing Agreement, this Servicing Supplement, the Credit and Security Agreement and the Indenture. Except as set forth in the Servicing Agreement, this Servicing Supplement or in the other 20122013-B Basic Documents, Notes so owned by or pledged to the Servicer or such Affiliate will have an equal and proportionate benefit under the Servicing Agreement and this Servicing Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2013-B), Servicing Agreement (Ford Credit Auto Lease Trust 2013-B)

Servicer May Own Exchange Note and Notes. The Servicer, and any Affiliate of the Servicer, may, in its individual or any other capacity, become the owner or pledgee of the 20122015-B Exchange Note and/or the Notes with the same rights as it would have if it were not the Servicer or an Affiliate thereof, except as otherwise provided in the Servicing Agreement, this Servicing Supplement, the Credit and Security Agreement and the Indenture. Except as set forth in the Servicing Agreement, this Servicing Supplement or in the other 20122015-B Basic Documents, Notes so owned by or pledged to the Servicer or such the Affiliate will have an equal and proportionate benefit under the Servicing Agreement and this Servicing Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2015-B), Servicing Agreement (Ford Credit Auto Lease Trust 2015-B)

Servicer May Own Exchange Note and Notes. The Servicer, and any Affiliate of the Servicer, may, in its individual or any other capacity, become the owner or pledgee of the 2012-B 20__-_ Exchange Note and/or the Notes with the same rights as it would have if it were not the Servicer or an Affiliate thereof, except as otherwise provided in the Servicing Agreement, this Servicing Supplement, the Credit and Security Agreement and the Indenture. Except as set forth in the Servicing Agreement, this Servicing Supplement or in the other 2012-B 20__-_ Basic Documents, Notes so owned by or pledged to the Servicer or such the Affiliate will have an equal and proportionate benefit under the Servicing Agreement and this Servicing Supplement.

Appears in 1 contract

Samples: Servicing Supplement (CAB West LLC)

Servicer May Own Exchange Note and Notes. The Servicer, and any Affiliate of the Servicer, may, in its individual or any other capacity, become the owner or pledgee of the 2012-B 20_-__ Exchange Note and/or the Notes with the same rights as it would have if it were not the Servicer or an Affiliate thereof, except as otherwise provided in the Servicing Agreement, this Servicing Supplement, the Credit and Security Agreement and the Indenture. Except as set forth in the Servicing Agreement, this Servicing Supplement or in the other 2012-B 20_-__ Basic Documents, Notes so owned by or pledged to the Servicer or such Affiliate will have an equal and proportionate benefit under the Servicing Agreement and this Servicing Supplement.

Appears in 1 contract

Samples: Servicing Agreement (CAB West LLC)

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