Common use of Primus Clause in Contracts

Primus. 10.01% of the aggregate Principal Balance of the Receivables as of the Cutoff Date represent Receivables originated through PRIMUS and assigned to Ford Credit, and the remainder of the Receivables were originated through Ford Credit (excluding PRIMUS).

Appears in 1 contract

Sources: Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC)

Primus. 10.01% of the aggregate Principal Balance of the Receivables as of the Cutoff Date represent Receivables originated through PRIMUS and assigned to Ford Creditthe Seller, and 89.99% of the remainder aggregate Principal Balance of the Receivables as of the Cutoff Date represent Receivables that were originated through Ford Credit (excluding PRIMUS).

Appears in 1 contract

Sources: Purchase Agreement (Ford Credit Auto Receivables Two LLC)