Exchange Note Issuance Date definition
Examples of Exchange Note Issuance Date in a sentence
On the Exchange Note Issuance Date, the Servicer will deposit in the Exchange Note Collection Account an amount equal to the sum of (i) the Cutoff Date Payahead Amount and (ii) all Active Lease Proceeds, Terminating Lease Proceeds and Closed Lease Proceeds (excluding Recoveries) received and applied on the Leases during the period from the Cutoff Date to two Business Days before the Exchange Note Issuance Date.
The Servicer represents and warrants to the Lender, each Titling Company and the Collateral Agent, on the date of this Agreement, and each Exchange Noteholder, on the related Exchange Note Issuance Date, on which the Lender, each Titling Company and the Collateral Agent are relying in entering into this Agreement and each Exchange Noteholder will rely in acquiring the related Exchange Note.
Such representations and warranties are remade as of the 2025-A Exchange Note Issuance Date and will survive the sale, transfer, assignment and conveyance of the 2025-A Exchange Note to the 2025-A Exchange Noteholder, the Transferor and the Issuer and the pledge of the 2025-A Exchange Note to the Indenture Trustee pursuant to the Indenture.
The representations and warranties are made as of the Exchange Note Issuance Date and will survive the issuance of the 20__-__ Exchange Note to Ford Credit, the sale of the 20__-__ Exchange Note to the Depositor, the sale of the 20__-__ Exchange Note to the Issuer and the pledge of the 20__-__ Exchange Note by the Issuer to the Indenture Trustee under the Indenture.
On or before each Exchange Note Issuance Date, the Servicer will establish an Exchange Note Collection Account and any other bank accounts for the related Reference Pool as stated in the related Servicing Supplement.