Ford Credit definition

Ford Credit means Ford Motor Credit Company LLC, a Delaware limited liability company.

Ford Credit means Ford Motor Credit Company, a Delaware corporation.

Ford Credit means Ford Motor Credit Company, a Delaware corporation, and its successors.

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 _____, 20__, among Ford Credit Auto Owner Trust 20__-__, 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.

• Test 3.3(m) – 3: Obligor Complaints Observe the Receivable in Ford Credit’s receivables systems and confirm that "Complaints/Feedback" is not indicated for the Receivable as of the Cutoff Date or, if so, confirm that the documentation indicated in Ford Credit's receivables systems related to the complaint follows the applicable Ford Credit procedures.

• Test 3.3(h) – 6: Total of Payments Observe the "Federal Truth-in-Lending Disclosures" box of the Contract and confirm “Amount Financed" plus "Finance Charge" equals "Total of Payments." Test 3.3(h) – 7: Payment Schedule Observe the first scheduled due date in the payment schedule section of the "Federal Truth-in-Lending Disclosures" box of the Contract and confirm it follows the payment due date requirements in the applicable Ford Credit procedure.

• The Asset Representations Reviewer agrees that it will not, and will cause its Affiliates to not (i) purchase or sell securities issued by Ford Credit or its Affiliates or special purpose entities on the basis of Confidential Information or (ii) use the Confidential Information for the preparation of research reports, newsletters or other publications or similar communications.

More Definitions of Ford Credit

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.

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.

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."

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.

Ford Credit means Ford Motor Credit Company, a Delaware ------------ corporation, and its successors in interest.

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. Consolidated financial statements exclude certain vehicle finance subsidiaries of Ford Motor Company that are managed by Ford Credit. Ford Credit's worldwide managed operations earned $312 million for the second quarter of 1997. Worldwide managed finance receivables were $128 billion at June 30, 1997. Included in these managed receivables are certain finance receivables Ford Credit has sold and continues to service. As the world's largest company dedicated to automotive finance, Ford Credit provides vehicle financing for 11,000 automotive dealers and 8 million retail customers in 33 countries. # # # Ford Motor Credit Company and Consoldated Subsidiaries OPERATING HIGHLIGHTS Second Quarter --------------------------------- 1997 1996 -------------- -------------- Income (in Millions) Income Before Income Taxes $ 488.3 $ 607.0 Net Income 279.0 000.0 Xxxxxx Xxxxx Xxxx Xxxxxx Xxxxxx Xxxxxx 36.6 % 40.8 % Europe 28.8 27.9 Ford Wholesale United States 79.4 % 81.0 % Europe 95.1 91.0 Contract Volume - New and Used Retail/Lease (in Thousands) United States 676 786 Europe 192 186 Other International 117 84 --- ----- Total Contract Volume 985 1,056 === ===== Assets (in Millions) Net Finance Receivables $ 78,914.5 $ 81,454.8 Net Investment in Operating Leases 34,579.1 28,402.1 -------- -------- Subtotal $ 113,493.6 $ 109,856.9 Other Assets 7,408.5 7,336.8 ------- ------- Total Assets $ 120,902.1 $ 117,193.7 ========= ========= Liabilities and Stockholder's Equity (in Millions) Liabilities Debt - Short Term $ 43,447.9 $ 42,873.6 Debt - Long Term 56,877.7 53,052.5 -------- -------- Total Debt $ 100,325.6 $ 95,926.1 Other Liabilities 10,327.9 10,764.5 -------- -------- Total Liabilities $ 110,653.5 $ 106,690.6 Minority Interests in Net Assets of Subsidiaries 354.0 1,233.0 Preferred Equity in Subsidiary Company 286.5 284.5 Stockholder's Equity 9,608.1 8,985.6 ------- ------- Total Liabilities and Stockholder's Equity $ 120,902.1 $ 117,193.7 ========= ========= /TABLE Memo: Selected Worldwide Results for Managed Operations * Second Quarter ------------------------------ 1997 1996 --------------- ----------- Income (in Millions) Income Before Income Taxes $ 479 $ 580 Net Income 312 359 Contract Vo...

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.