Common use of CREDIT RISK RETENTION INFORMATION Clause in Contracts

CREDIT RISK RETENTION INFORMATION. The fair value of the Notes and the Residual Interest on the Closing Date is summarized below. Fair Value (Mils.) Fair Value (%) Class A notes $ % Class B notes $ % Class C notes $ % Residual Interest $ % Total $ % The Depositor must retain a Residual Interest with a fair value of at least 5% of the aggregate value of the Notes and Residual Interest, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Residual Interest], according to Regulation RR. [Description of material differences, if any, in methodology or key inputs and assumptions.]

Appears in 39 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2023-C), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2023-C), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2023-B)

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CREDIT RISK RETENTION INFORMATION. The fair value of the Notes and the Residual Interest on the Closing Date is summarized below. Fair Value (Mils.) Fair Value (%) Class A notes $ % Class B notes $ % Class C notes $ % Residual Interest $ % Total $ % The Depositor must retain a Residual Interest with a fair value of at least 5% of the aggregate value of the Notes and Residual Interest, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Residual Interest], according to Regulation RR. [Description of material differences, if any, in methodology or key inputs and assumptions.]] EA-5

Appears in 16 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2021-B), Servicing Agreement (Ford Credit Auto Lease Trust 2021-B), Servicing Agreement (Ford Credit Auto Lease Trust 2021-A)

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CREDIT RISK RETENTION INFORMATION. The fair value of the Notes and the Residual Interest on the Closing Date is summarized below. Fair Value (Mils.) Fair Value (%) Class A notes $ % Class B notes $ % Class C notes $ % Residual Interest $ % Total $ % The Depositor must retain a Residual Retained Interest with a fair value of at least 5% of the aggregate value of the Notes and Residual Interest, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Residual Interest], according to Regulation RR. [Description of material differences, if any, in methodology or key inputs and assumptions.]

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2024-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2024-A)

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