Common use of Secured Party Clause in Contracts

Secured Party. In performing its obligations under this Agreement, the Secured Party is subject to, and entitled to the benefits of, the terms of the Indenture that apply to the Indenture Trustee.

Appears in 172 contracts

Sources: Account Control Agreement (Ford Credit Auto Owner Trust 2026-A), Account Control Agreement (Ford Credit Auto Owner Trust 2026-A), Account Control Agreement (Ford Credit Auto Lease Trust 2026-A)

Secured Party. In performing its obligations under this Agreement, the Secured Party is subject to, and entitled to the benefits of, the terms of the Indenture Supplement and the Indenture that apply to the Indenture Trustee.

Appears in 46 contracts

Sources: Account Control Agreement (Ford Credit Floorplan LLC), Account Control Agreement (Ford Credit Floorplan LLC), Account Control Agreement (Ford Credit Floorplan LLC)