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 $ % Class D 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 6 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2024-A), Servicing Agreement (Ford Credit Auto Lease Trust 2024-A), Servicing Agreement (Ford Credit Auto Lease 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 $ % Class D 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 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2022-A), Servicing Agreement (Ford Credit Auto Lease Trust 2022-A)

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