Examples of Receivables 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 September 1, 2024, among Ford Credit Auto Owner Trust 2024-C, as Issuer, Ford Credit Auto Receivables Two LLC, as Depositor, and Ford Motor Credit Company LLC, as Servicer.
This sale and assignment does not, and is not intended to, include any obligation of the Sponsor to the Obligors, the Dealers or any other Person relating to the Receivables and the other Purchased Property, and the Depositor does not assume any of these obligations.
The Sponsor did not use selection procedures believed to be adverse to the Noteholders in selecting the Receivables from its portfolio of retail installment sale contracts.
The Sponsor makes the following representations and warranties about each Receivable on which the Depositor is relying in purchasing the Receivables.
The representations and warranties are made as of the Closing Date or other dates stated and will survive the sale and assignment of the Receivables by Ford Credit to the Depositor under this Agreement and by the Depositor to the Issuer under the Sale and Servicing Agreement and the pledge of the Receivables by the Issuer to the Indenture Trustee under the Indenture.