CAB East definition
Examples of CAB East in a sentence
In order to perfect the security interest of the Indenture Trustee in certain accounts, each of (i) the Trust, the Indenture Trustee and the financial institution acting as the securities intermediary and (ii) the Trust, CAB East, CAB West, FCALM and the financial institution acting as the securities intermediary, will enter into an account control agreement (each, a “Control Agreement”).
CAB East Holdings, LLC is the sole Member of and the holder of the Collateral Specified Interest in CAB East, which represents the entire limited liability company interest in certain motor vehicle eases and leased vehicles acquired by CAB East.
CAB East Holdings, LLC is the sole Member of and the holder of the Collateral Specified Interest in CAB East, which represents the entire limited liability company interest in certain motor vehicle leases and leased vehicles acquired by CAB East.
CAB East Holdings, LLC is the sole Member of and the holder of both the Collateral Specified Interest and the EV Specified Interest in CAB East, which represents the entire limited liability company interest in certain motor vehicle leases and leased vehicles acquired by CAB East.
Capitalized terms used but not defined in this Agreement are defined in Appendix A to the Second Amended and Restated Credit and Security Agreement, dated as of July 22, 2005, as amended and restated as of December 1, 2015 (the “Credit and Security Agreement”), among the CAB East LLC and CAB West LLC, as Borrowers, U.S. Bank National Association, as Administrative Agent, HTD Leasing LLC, as Collateral Agent, and Ford Motor Credit Company LLC, as Lender and Servicer.
In order to perfect the security interest of the Indenture Trustee in certain accounts, each of (i) the Trust, the Indenture Trustee and the financial institution acting as the securities intermediary and (ii) the Trust, CAB East, CAB West and the financial institution acting as the securities intermediary, will enter into an account control agreement (each, a “Control Agreement”).
CAB East Holdings, LLC is the sole Member of and the holder of the Collateral Specified Interest and the EV Specified Interest in CAB East, which represents the entire limited liability company interest in certain motor vehicle leases and leased vehicles acquired by CAB East.
Except as otherwise provided herein, the CAB East LLC Account will be under the sole dominion and control of the Holder of the Initial Specified Interest.
Control Agreements: (i) Collateral Account Control Agreement, to be dated as of the Cutoff Date, among the Trust, the Indenture Trustee and the financial institution acting as the securities intermediary and (ii) Titling Company Collateral Account Control Agreement, to be dated as of the Cutoff Date, among the Trust, CAB East, CAB West and the financial institution acting as the securities intermediary.
The Holder of the Initial Specified Interest will possess all right, title and interest in and to all funds on deposit from time to time in the CAB East LLC Account and in all proceeds thereof.