Common use of Establishment of Bank Accounts Clause in Contracts

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish the following segregated trust accounts at a Qualified Institution (initially the corporate trust department of U.S. Bank National Association), each in the name “U.S. Bank National Association, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 2020-A”, to be designated as follows:

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2020-A), Servicing Agreement (Ford Credit Auto Lease Trust 2020-A)

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Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish the following segregated trust accounts at a Qualified Institution (initially the corporate trust department of U.S. Bank National Association), each in the name "U.S. Bank Trust Company, National Association, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20202024-A", to be designated as follows:

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2024-A), Servicing Agreement (Ford Credit Auto Lease Trust 2024-A)

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish the following segregated trust accounts at a Qualified Institution (initially the corporate trust department of U.S. Bank National Association), each in the name “U.S. Bank National Association, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 2020-AB”, to be designated as follows:

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2020-B), Servicing Agreement (Ford Credit Auto Lease Trust 2020-B)

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish the following segregated trust accounts at a Qualified Institution (initially the corporate trust department of U.S. Bank National Association), each in the name “U.S. Bank National Association, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20202019-AB”, to be designated as follows:

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2019-B), Servicing Agreement (Ford Credit Auto Lease Trust 2019-B)

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish the following segregated trust accounts at a Qualified Institution (initially the corporate trust department of U.S. Bank National Association), each in the name “U.S. Bank National Association, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20202017-A”, to be designated as follows:

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2017-A), Servicing Agreement (Ford Credit Auto Lease Two LLC)

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish the following segregated trust accounts at a Qualified Institution (initially the corporate trust department of U.S. Bank National Association), each in the name “U.S. Bank National Association, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20202018-AB”, to be designated as follows:

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2018-B), Servicing Agreement (Ford Credit Auto Lease Trust 2018-B)

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish the following segregated trust accounts at a Qualified Institution (initially the corporate trust department of U.S. Bank National Association), each in the name "U.S. Bank Trust Company, National Association, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20202022-A", to be designated as follows:

Appears in 2 contracts

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

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish the following segregated trust accounts at a Qualified Institution (initially the corporate trust department of U.S. Bank National Association), each in the name “U.S. Bank National Association, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20202018-A”, to be designated as follows:

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2018-A), Servicing Agreement (Ford Credit Auto Lease Trust 2018-A)

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish the following segregated trust accounts at a Qualified Institution (initially the corporate trust department of U.S. Bank National Association), each in the name “U.S. Bank National Association, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20202019-A”, to be designated as follows:

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2019-A), Servicing Agreement (Ford Credit Auto Lease Trust 2019-A)

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish the following segregated trust accounts at a Qualified Institution (initially the corporate trust department of U.S. Bank National Association), each in the name “U.S. Bank National Association, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20202017-AB”, to be designated as follows:

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2017-B), Servicing Agreement (Ford Credit Auto Lease Trust 2017-B)

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Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish the following segregated trust accounts at a Qualified Institution (initially the corporate trust department of U.S. Bank National Association), each in the name “U.S. Bank National Association, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20202021-AB”, to be designated as follows:

Appears in 2 contracts

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

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish the following segregated trust accounts at a Qualified Institution (initially the corporate trust department of U.S. Bank National Association), each in the name “U.S. Bank National Association, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 2020-A20 - ”, to be designated as follows:

Appears in 2 contracts

Samples: Servicing Agreement (CAB East LLC), Servicing Agreement (CAB East LLC)

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish the following segregated trust accounts at a Qualified Institution (initially the corporate trust department of U.S. Bank National Association), each in the name "U.S. Bank Trust Company, National Association, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20202023-A”B", to be designated as follows:

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2023-B), Servicing Agreement (Ford Credit Auto Lease Trust 2023-B)

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish the following segregated trust accounts at a Qualified Institution (initially the corporate trust department of U.S. Bank National Association), each in the name “U.S. Bank National Association, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20202016-A”, to be designated as follows:

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Two LLC), Servicing Agreement (Ford Credit Auto Lease Two LLC)

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish the following segregated trust accounts at a Qualified Institution (initially the corporate trust department of U.S. Bank National Association), each in the name “U.S. Bank National Association, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20202021-A”, to be designated as follows:

Appears in 2 contracts

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

Establishment of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish the following segregated trust accounts at a Qualified Institution (initially the corporate trust department of U.S. Bank National Association), each in the name "U.S. Bank Trust Company, National Association, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20202023-A", to be designated as follows:

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2023-A), Servicing Agreement (Ford Credit Auto Lease Trust 2023-A)

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