No Payment Default. Except for a payment that is not more than 30 days Delinquent as of the Cutoff Date, no payment default exists on the Lease.
Appears in 44 contracts
Sources: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2026-A), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2026-A), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2025-B)