Common use of Principal Clause in Contracts

Principal. The principal of the 20 - Exchange Note will be payable in installments on each Payment Date according to Article V. The Exchange Note Balance will be due and payable on the earlier of the Exchange Note Redemption Date and the Exchange Note Final Scheduled Payment Date. The Exchange Note Balance will be due and payable on the date the 20 - Exchange Note is declared to be, or has automatically become, immediately due and payable according to Section 6.5(a) of the Credit and Security Agreement.

Appears in 3 contracts

Samples: Credit and Security Agreement (CAB East LLC), Credit and Security Agreement (CAB West LLC), Credit and Security Agreement (CAB East LLC)

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Principal. The principal of the 20 - 2019-B Exchange Note will be payable in installments on each Payment Date according to Article V. The Exchange Note Balance will be due and payable on the earlier of the Exchange Note Redemption Date and the Exchange Note Final Scheduled Payment Date. The Exchange Note Balance will be due and payable on the date the 20 - 2019-B Exchange Note is declared to be, or has automatically become, immediately due and payable according to Section 6.5(a) of the Credit and Security Agreement.

Appears in 2 contracts

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

Principal. The principal of the 20 - 2018-B Exchange Note will be payable in installments on each Payment Date according to Article V. The Exchange Note Balance will be due and payable on the earlier of the Exchange Note Redemption Date and the Exchange Note Final Scheduled Payment Date. The Exchange Note Balance will be due and payable on the date the 20 - 2018-B Exchange Note is declared to be, or has automatically become, immediately due and payable according to Section 6.5(a) of the Credit and Security Agreement.

Appears in 2 contracts

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

Principal. The principal of the 20 - 2021-B Exchange Note will be payable in installments on each Payment Date according to Article V. The Exchange Note Balance will be due and payable on the earlier of the Exchange Note Redemption Date and the Exchange Note Final Scheduled Payment Date. The Exchange Note Balance will be due and payable on the date the 20 - 2021-B Exchange Note is declared to be, or has automatically become, immediately due and payable according to Section 6.5(a) of the Credit and Security Agreement.

Appears in 2 contracts

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

Principal. The principal of the 20 - 2020-B Exchange Note will be payable in installments on each Payment Date according to Article V. The Exchange Note Balance will be due and payable on the earlier of the Exchange Note Redemption Date and the Exchange Note Final Scheduled Payment Date. The Exchange Note Balance will be due and payable on the date the 20 - 2020-B Exchange Note is declared to be, or has automatically become, immediately due and payable according to Section 6.5(a) of the Credit and Security Agreement.

Appears in 2 contracts

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

Principal. The principal of the 20 - 2019-A Exchange Note will be payable in installments on each Payment Date according to Article V. The Exchange Note Balance will be due and payable on the earlier of the Exchange Note Redemption Date and the Exchange Note Final Scheduled Payment Date. The Exchange Note Balance will be due and payable on the date the 20 - 2019-A Exchange Note is declared to be, or has automatically become, immediately due and payable according to Section 6.5(a) of the Credit and Security Agreement.

Appears in 2 contracts

Samples: Exchange Note Supplement (Ford Credit Auto Lease Trust 2019-A), Exchange Note Supplement (Ford Credit Auto Lease Trust 2019-A)

Principal. The principal of the 20 - 2022-A Exchange Note will be payable in installments on each Payment Date according to Article V. The Exchange Note Balance will be due and payable on the earlier of the Exchange Note Redemption Date and the Exchange Note Final Scheduled Payment Date. The Exchange Note Balance will be due and payable on the date the 20 - 2022-A Exchange Note is declared to be, or has automatically become, immediately due and payable according to Section 6.5(a) of the Credit and Security Agreement.

Appears in 2 contracts

Samples: Exchange Note Supplement (Ford Credit Auto Lease Trust 2022-A), Exchange Note Supplement (Ford Credit Auto Lease Trust 2022-A)

Principal. The principal of the 20 - 2017-B Exchange Note will be payable in installments on each Payment Date according to Article V. The Exchange Note Balance will be due and payable on the earlier of the Exchange Note Redemption Date and the Exchange Note Final Scheduled Payment Date. The Exchange Note Balance will be due and payable on the date the 20 - 2017-B Exchange Note is declared to be, or has automatically become, immediately due and payable according to Section 6.5(a) of the Credit and Security Agreement.

Appears in 2 contracts

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

Principal. The principal of the 20 - 2018-A Exchange Note will be payable in installments on each Payment Date according to Article V. The Exchange Note Balance will be due and payable on the earlier of the Exchange Note Redemption Date and the Exchange Note Final Scheduled Payment Date. The Exchange Note Balance will be due and payable on the date the 20 - 2018-A Exchange Note is declared to be, or has automatically become, immediately due and payable according to Section 6.5(a) of the Credit and Security Agreement.

Appears in 2 contracts

Samples: Exchange Note Supplement (Ford Credit Auto Lease Trust 2018-A), Credit and Security Agreement (Ford Credit Auto Lease Trust 2018-A)

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Principal. The principal of the 20 - 2020-A Exchange Note will be payable in installments on each Payment Date according to Article V. The Exchange Note Balance will be due and payable on the earlier of the Exchange Note Redemption Date and the Exchange Note Final Scheduled Payment Date. The Exchange Note Balance will be due and payable on the date the 20 - 2020-A Exchange Note is declared to be, or has automatically become, immediately due and payable according to Section 6.5(a) of the Credit and Security Agreement.

Appears in 2 contracts

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

Principal. The principal of the 20 - 2023-B Exchange Note will be payable in installments on each Payment Date according to Article V. The Exchange Note Balance will be due and payable on the earlier of the Exchange Note Redemption Date and the Exchange Note Final Scheduled Payment Date. The Exchange Note Balance will be due and payable on the date the 20 - 2023-B Exchange Note is declared to be, or has automatically become, immediately due and payable according to Section 6.5(a) of the Credit and Security Agreement.

Appears in 2 contracts

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

Principal. The principal of the 20 - 2021-A Exchange Note will be payable in installments on each Payment Date according to Article V. The Exchange Note Balance will be due and payable on the earlier of the Exchange Note Redemption Date and the Exchange Note Final Scheduled Payment Date. The Exchange Note Balance will be due and payable on the date the 20 - 2021-A Exchange Note is declared to be, or has automatically become, immediately due and payable according to Section 6.5(a) of the Credit and Security Agreement.

Appears in 2 contracts

Samples: Exchange Note Supplement (Ford Credit Auto Lease Trust 2021-A), Credit and Security Agreement (Ford Credit Auto Lease Trust 2021-A)

Principal. The principal of the 20 - 2024-A Exchange Note will be payable in installments on each Payment Date according to Article V. The Exchange Note Balance will be due and payable on the earlier of the Exchange Note Redemption Date and the Exchange Note Final Scheduled Payment Date. The Exchange Note Balance will be due and payable on the date the 20 - 2024-A Exchange Note is declared to be, or has automatically become, immediately due and payable according to Section 6.5(a) of the Credit and Security Agreement.

Appears in 2 contracts

Samples: Credit and Security Agreement (Ford Credit Auto Lease Trust 2024-A), Exchange Note Supplement (Ford Credit Auto Lease Trust 2024-A)

Principal. The principal of the 20 - 20__-__ Exchange Note will be payable in installments on each Payment Date according to Article V. The Exchange Note Balance will be due and payable on the earlier of the Exchange Note Redemption Date and the Exchange Note Final Scheduled Payment Date. The Exchange Note Balance will be due and payable on the date the 20 - 20__-__ Exchange Note is declared to be, or has automatically become, immediately due and payable according to Section 6.5(a) of the Credit and Security Agreement.

Appears in 1 contract

Samples: Credit and Security Agreement (CAB East LLC)

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