Common use of Enforceability of Notes Clause in Contracts

Enforceability of Notes. On the Closing Date, the Publicly Registered Notes will have been duly executed, issued and delivered, and when authenticated by the Indenture Trustee and paid for by the Underwriters in accordance with this Agreement, will constitute valid and binding obligations of the Trust entitled to the benefits provided by the Indenture.

Appears in 55 contracts

Samples: Underwriting Agreement (Ford Credit Auto Lease Trust 2015-B), Underwriting Agreement (Ford Credit Floorplan Master Owner Trust A), Underwriting Agreement (Ford Credit Floorplan Master Owner Trust A)

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Enforceability of Notes. On the Closing Date, the Publicly Registered Notes will have been duly executed, issued and delivered, and when authenticated by the Indenture Trustee and paid for by the Underwriters in accordance with according to this AgreementAgreement (or retained by the Depositor), will constitute be the valid and binding obligations of the Trust entitled to the benefits provided by of the Indenture.

Appears in 27 contracts

Samples: Underwriting Agreement (Ford Credit Auto Owner Trust 2024-A), Underwriting Agreement (Ford Credit Auto Lease Trust 2024-A), Underwriting Agreement (Ford Credit Auto Lease Trust 2023-A)

Enforceability of Notes. On the Closing Date, the Publicly Registered Offered Notes will have been duly executed, issued and delivered, and when authenticated by the Indenture Trustee and paid for by the Underwriters in accordance with according to this Agreement, will constitute be the valid and binding obligations of the Trust entitled to the benefits provided by of the Indenture.

Appears in 24 contracts

Samples: Underwriting Agreement (Ford Credit Floorplan LLC), Underwriting Agreement (Ford Credit Floorplan LLC), Underwriting Agreement (Ford Credit Auto Owner Trust 2017-C)

Enforceability of Notes. On the Closing Date, the Publicly Registered Notes will have been duly executed, issued and delivered, and when authenticated by the Indenture Trustee and paid for by the Underwriters in accordance with according to this Agreement, will constitute be the valid and binding obligations of the Trust entitled to the benefits provided by of the Indenture.

Appears in 15 contracts

Samples: Underwriting Agreement (Ford Credit Auto Owner Trust 2023-C), Underwriting Agreement (Ford Credit Auto Lease Trust 2023-B), Underwriting Agreement (Ford Credit Auto Owner Trust 2023-B)

Enforceability of Notes. On the Closing Date, the Publicly Registered Notes will have been duly executed, issued and delivered, and when authenticated by the Indenture Trustee and paid for by the Underwriters in accordance with this Agreement, will constitute valid and binding obligations of the Trust entitled to the benefits provided by the Indenture.

Appears in 12 contracts

Samples: Underwriting Agreement (Ford Credit Floorplan Corp), Underwriting Agreement (Ford Credit Floorplan Corp), Underwriting Agreement (Ford Credit Floorplan Master Owner Trust A)

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Enforceability of Notes. On the Closing Date, the Publicly Registered Notes will have been duly executed, issued and delivered, and when authenticated by the Indenture Trustee and paid for by the Underwriters in accordance with according to this AgreementAgreement [(or retained by the Depositor)], will constitute be the valid and binding obligations of the Trust entitled to the benefits provided by of the Indenture.

Appears in 2 contracts

Samples: Underwriting Agreement (CAB East LLC), Underwriting Agreement (Ford Credit Auto Receivables Two LLC)

Enforceability of Notes. On the Closing Date, the Publicly Registered Notes will have been were duly executed, issued and delivered, and when were authenticated by the Indenture Trustee Trustee, and paid for by the Underwriters in accordance with this Agreement, will constitute valid and binding obligations of the Trust entitled to the benefits provided by the Indenture.

Appears in 2 contracts

Samples: Underwriting Agreement (Ford Credit Auto Owner Trust 2010-B), Underwriting Agreement (Ford Credit Auto Owner Trust 2010-B)

Enforceability of Notes. On the Closing Date, the Publicly Registered Underwritten Notes will have been duly executed, issued and delivered, and when authenticated by the Indenture Trustee and paid for by the Underwriters in accordance with this Agreement, will constitute valid and binding obligations of the Trust entitled to the benefits provided by the Indenture.

Appears in 1 contract

Samples: Underwriting Agreement (Ford Credit Floorplan Master Owner Trust a Series 2011-1)

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