SEE REVERSE FOR CERTAIN DEFINITIONS. ACAS Business Loan Trust 2002–2, a business trust organized and existing under the laws of the State of Delaware (herein referred to as the “Issuer”), for value received, hereby promises to pay to , or registered assigns, the principal sum of DOLLARS payable on each Payment Date in an amount equal to the result obtained by multiplying (i) a fraction the numerator of which is the initial principal balance of this Class C Note and the denominator of which is the Initial Class C Principal Balance by (ii) the aggregate amount, if any, payable from the Note Distribution Account in respect of principal on the Class C Note; provided, however, that the entire unpaid principal amount of this Class C Note shall be due and payable on the earlier of the Class C Maturity Date and the Redemption Date, if any, pursuant to Section 10.01 of the Indenture. Distributions on this Class C Note are payable in such coin or currency of the United States as at the time of payment is legal tender for payment of public and private debts. Reference is made to the further provisions of this Class C Note set forth on the reverse hereof, which shall have the same effect as though fully set forth on the face of this Class C Note. Unless the Class C Note of authentication hereon has been executed by the Indenture Trustee whose name appears below by manual signature, this Class C Note shall not be entitled to any benefit under the Indenture referred to on the reverse hereof, or be valid or obligatory for any purpose.
SEE REVERSE FOR CERTAIN DEFINITIONS. ACAS Business Loan Trust 2003–2, a statutory trust organized and existing under the laws of the State of Delaware (herein referred to as the “Issuer”), for value received, hereby promises to pay to , or registered assigns, the principal sum of DOLLARS payable on each Payment Date in an amount equal to the result obtained by multiplying (i) a fraction the numerator of which is the initial principal balance of this Class D Note and the denominator of which is the Initial Class D Principal Balance by (ii) the aggregate amount, if any, payable from the Note Distribution Account in respect of principal on the Class D Note; provided, however, that the entire unpaid principal amount of this Class D Note shall be due and payable on the earlier of the Class D Maturity Date and the Redemption Date, if any, pursuant to Section 10.01 of the Indenture. Distributions on this Class D Note are payable in such coin or currency of the United States as at the time of payment is legal tender for payment of public and private debts. Reference is made to the further provisions of this Class D Note set forth on the reverse hereof, which shall have the same effect as though fully set forth on the face of this Class D Note. Unless the Class D Note of authentication hereon has been executed by the Indenture Trustee whose name appears below by manual signature, this Class D Note shall not be entitled to any benefit under the Indenture referred to on the reverse hereof, or be valid or obligatory for any purpose.
SEE REVERSE FOR CERTAIN DEFINITIONS. CUSIP NO. 34520XXX0 Unless this Senior Note is presented by an authorized representative of The Depository Trust Company, a New York corporation ("DTC"), to the Lease Trustee or its agent for registration of transfer, exchange or payment, and any Senior Note issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein. AS SET FORTH HEREIN THE OUTSTANDING PRINCIPAL AMOUNT OF THIS SENIOR NOTE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF. FORD CREDIT AUTO LEASE TRUST 1996-1 5.45125% CLASS A-1 ASSET BACKED SENIOR NOTE Ford Credit Auto Lease Trust 1996-1 (the "Lease Trust"), a trust created pursuant to a trust agreement dated as of November 26, 1996 between First Union Bank of Delaware, not in its individual capacity but solely as trustee of RCL Trust 1996-1, as Depositor and PNC Bank, Delaware, not in its individual capacity but solely as trustee of the Lease Trust (the "Lease Trustee"), for value received, hereby promises to pay to CEDE & CO., or registered assigns, upon presentation and surrender of this Senior Note the principal sum of ONE HUNDRED FIFTY MILLION DOLLARS (U.S. $150,000,000) on the earlier of the November 15, 1997 Payment Date (the "Stated Maturity") and the Redemption Date, if any, pursuant to Section 10.1 of the Indenture. The Lease Trust will pay interest on this Senior Note at the rate per annum shown above (the "Senior Note Interest Rate") on each Payment Date until the principal of this Senior Note is paid or made available for payment, on the principal amount of this Senior Note outstanding on the preceding Payment Date (after giving effect to all payments of principal made on the preceding Payment Date). Interest on this Senior Note will accrue from and including the most recent Payment Date on which interest has been paid to but excluding the following Payment Date or, if no interest has yet been paid, from and including November 26, 1996. Interest will be computed on the basis of actual days elapsed and a 360-day year. Such principal of and interest on this Senior Note shall be paid in the manner specified on the reverse hereof. The principal of and interest on this...
