Further Assignment. The Depositor acknowledges that, under the Indenture, the Issuer will assign and pledge the Sold Property and related property and rights to the Indenture Trustee for the benefit of the Secured Parties.
Appears in 45 contracts
Sources: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2026-A), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2026-A), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2025-B)