Good Title to Purchased Property. Immediately before the sale and assignment under this Agreement, the Sponsor has good and marketable title to the Purchased Property free and clear of any Lien, other than Permitted Liens, and, immediately after the sale and assignment under this Agreement, the Depositor will have good and marketable title to the Purchased Property, free and clear of any Lien, other than Permitted Liens.
Appears in 52 contracts
Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2024-A), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2024-A), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2023-C)
Good Title to Purchased Property. Immediately before the sale and assignment under this Agreement, the Sponsor has good and marketable title to the Purchased Property free and clear of any Lien, Lien other than Permitted Liens, Liens and, immediately after the sale and assignment under this Agreement, the Depositor will have good and marketable title to the Purchased Property, free and clear of any Lien, Lien other than Permitted Liens.
Appears in 35 contracts
Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2024-A), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2024-A), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2023-B)
