Ford Credit definition

Ford Credit means Ford Motor Credit Company LLC, a Delaware limited liability company.
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Ford Credit means Ford Motor Credit Company, a Delaware corporation, and its successors.
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Ford Credit. , or 'FMCC', means Ford Motor Credit Company LLC, a limited liability company incorporated under the laws of Delaware USA and an indirect wholly owned subsidiary of Ford.
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Examples of Ford Credit in a sentence

  • Capitalized terms used but not defined in this Agreement are defined in Appendix A to the Sale and Servicing Agreement, dated as of November 1, 2024, among Ford Credit Auto Owner Trust 2024-D, as Issuer, Ford Credit Auto Receivables Two LLC, as Depositor, and Ford Motor Credit Company LLC, as Servicer.

  • In the normal course of its business, Ford Credit purchases retail installment sale contracts secured by new and used cars, light trucks and utility vehicles from motor vehicle dealers.

  • Ford Credit may make the deposits and payments required by Section 4.3(b) net of Servicing Fees to be paid to Ford Credit for the Collection Period and amounts the Servicer is permitted to retain under Section 3.10 and be reimbursed for under Section 3.11.

  • The Issuer engages Ford Credit as the Servicer of the Receivables for the Issuer and the Indenture Trustee, and Ford Credit accepts the engagement.

  • This sale and assignment does not, and is not intended to, include any obligation of the Depositor or Ford Credit to the Obligors, the Dealers or any other Person relating to the Receivables and the other Sold Property, and the Issuer does not assume any of these obligations.

  • For administrative convenience and to further facilitate the servicing of the Receivables by the Servicer, the Issuer appoints Ford Credit, in its capacity as Custodian and Servicer, as nominee lienholder/secured party to act for the benefit and on behalf of the Issuer and the Indenture Trustee for the original certificates of title or the other documents evidencing the security interest of the Issuer in the Financed Vehicles (the "Security Documents").

  • If Ford Credit is the Servicer, the Depositor may cause the Purchase Amount to be paid according to Section 4.3(c).

  • If Ford Credit is the Servicer, it may pay any Purchase Amounts according to Section 4.3(c).

  • In connection with a securitization transaction sponsored by Ford Credit in which the Issuer will issue Notes secured by a pool of Receivables consisting of retail installment sale contracts, Ford Credit has sold the pool of Receivables to the Depositor, who will sell it to the Issuer.

  • However, no notice or consent will be required for any delegation if Ford Credit is the Servicer or the Custodian.


More Definitions of Ford Credit

Ford Credit means Ford Motor Credit Company, LLC, the prepetition floorplan lender to RDAC, RD Floydada, RD Amarillo, RD Imports, RD Motors and RD Plainview.
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Ford Credit means Ford Motor Credit Company, a corporation duly organized and existing under the laws of the State of Delaware and an indirect wholly-owned subsidiary of Ford Motor Company."
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Ford Credit has appointed the principal office of Chemical Bank in London as principal paying agent for the payment of the principal of and interest on the Notes (the "Principal Paying Agent") and has appointed Kredietbank S.A. Luxembourgeoise in Luxembourg as an additional paying agent (the "Paying Agent"). Administrative responsibilities will be handled for Ford Credit by its Treasurer's Office; accountable document control and record-keeping responsibilities will be performed by Ford Credit's Accounting Services Department. Ford Credit has appointed Kredietbank S.A. Luxembourgeoise as listing agent (the "Listing Agent"), which will coordinate with the Principal Paying Agent and the Coordinating Agent on a regular basis for the purpose of providing the Luxembourg Stock Exchange with such information regarding Notes issued and outstanding as such Exchange may require.
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Ford Credit means Ford Motor Credit Company, a Delaware ------------ corporation, and its successors in interest.
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Ford Credit s 1997 financial results include a majority ownership (78 percent) of Ford Credit Europe and results for 1996 have been restated to reflect this ownership change. Ford Credit is an indirect wholly owned subsidiary of Ford Motor Company and is part of Ford's Financial Services Group.
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Ford Credit s ability to raise funds in the public debt markexx xx xighly dependent on its credit ratings, which, in turn, are dependent on the level of Ford Credit's equity capital, the quality of its assets and its liquidity.
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Related to Ford Credit

  • Depositor means Advisors Asset Management, Inc. and its successors in interest, or any successor depositor appointed as hereinafter provided."

  • Securitization Trust means a trust formed pursuant to a Securitization pursuant to which one or more of the Notes are held.

  • Administration Agreement means the Administration Agreement, dated as of the Closing Date, between the Administrator, the Issuer and the Indenture Trustee, as the same may be amended and supplemented from time to time.

  • Lead Securitization Servicing Agreement means (i) the pooling and servicing agreement or other comparable agreement related to the Lead Securitization, and (ii) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).

  • Servicer means the Master Servicer or the Special Servicer, as the context may require.

  • Portfolio Administrator means any entity and any successor or replacement thereto, as specified in the Final Terms for each Series of ETP Securities, appointed as Portfolio Administrator in accordance with the terms of the relevant Portfolio Administration Agreement.

  • Servicing Agreement means such subsequent Servicing Agreement; provided, however, that until a replacement Servicing Agreement has been entered into (and such written confirmation has been obtained), the Note A-1 Holder shall cause the Mortgage Loan to be serviced pursuant to the provisions of the Servicing Agreement as if such agreement was still in full force and effect with respect to the Mortgage Loan; provided, further, however, that until a replacement Servicing Agreement is in place, the actual servicing of the Mortgage Loan may be performed by any Qualified Servicer appointed by the Note A-1 Holder and does not have to be performed by the service providers set forth under the Servicing Agreement that was previously in effect.