Common use of Transfer to Depositor Clause in Contracts

Transfer to Depositor. The Indenture Trustee will transfer all funds in the Reserve Account to the Depositor on the earlier of (i) the first Payment Date on or after which the Servicer has deposited in the Collection Account the Exchange Note Purchase Price according to Section 6.1(a) of the Servicing Supplement in connection with the exercise of its option to acquire the 2016-A Exchange Note under Section 6.1 of the Servicing Supplement and (ii) the date on which the Note Balance of the Notes and of other amounts owing or to be distributed to the Secured Parties under the Indenture and this Supplement are paid in full.

Appears in 2 contracts

Samples: Exchange Note Supplement (Ford Credit Auto Lease Two LLC), Credit and Security Agreement (Ford Credit Auto Lease Two LLC)

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Transfer to Depositor. The Indenture Trustee will transfer withdraw all funds in from the Reserve Account and pay them to the Depositor on the earlier of (i) the first Payment Date on or after which the Servicer has deposited in the Exchange Note Collection Account the Exchange Note Purchase Price according to Section 6.1(a) of the Servicing Supplement in connection with the exercise of its option to acquire the 20162020-A B Exchange Note under Section 6.1 of the Servicing Supplement and (ii) the date on which the Note Balance of the Notes and of other amounts owing or to be distributed to the Secured Parties under the Indenture and this Supplement are paid in full.

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)

Transfer to Depositor. The Indenture Trustee will transfer withdraw all funds in from the Reserve Account and pay them to the Depositor on the earlier of (i) the first Payment Date on or after which the Servicer has deposited in the Exchange Note Collection Account the Exchange Note Purchase Price according to Section 6.1(a) of the Servicing Supplement in connection with the exercise of its option to acquire the 20162020-A Exchange Note under Section 6.1 of the Servicing Supplement and (ii) the date on which the Note Balance of the Notes and of other amounts owing or to be distributed to the Secured Parties under the Indenture and this Supplement are paid in full.

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)

Transfer to Depositor. The Indenture Trustee will transfer withdraw all funds in from the Reserve Account and pay them to the Depositor on the earlier of (i) the first Payment Date on or after which the Servicer has deposited in the Exchange Note Collection Account the Exchange Note Purchase Price according to Section 6.1(a) of the Servicing Supplement in connection with the exercise of its option to acquire the 20162023-A B Exchange Note under Section 6.1 of the Servicing Supplement and (ii) the date on which the Note Balance of the Notes and of other amounts owing or to be distributed to the Secured Parties under the Indenture and this Supplement are paid in full.

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)

Transfer to Depositor. The Indenture Trustee will transfer withdraw all funds in from the Reserve Account and pay them to the Depositor on the earlier of (i) the first Payment Date on or after which the Servicer has deposited in the Exchange Note Collection Account the Exchange Note Purchase Price according to Section 6.1(a) of the Servicing Supplement in connection with the exercise of its option to acquire the 20162018-A B Exchange Note under Section 6.1 of the Servicing Supplement and (ii) the date on which the Note Balance of the Notes and of other amounts owing or to be distributed to the Secured Parties under the Indenture and this Supplement are paid in full.

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)

Transfer to Depositor. The Indenture Trustee will transfer withdraw all funds in from the Reserve Account and pay them to the Depositor on the earlier of (i) the first Payment Date on or after which the Servicer has deposited in the Exchange Note Collection Account the Exchange Note Purchase Price according to Section 6.1(a) of the Servicing Supplement in connection with the exercise of its option to acquire the 20162018-A Exchange Note under Section 6.1 of the Servicing Supplement and (ii) the date on which the Note Balance of the Notes and of other amounts owing or to be distributed to the Secured Parties under the Indenture and this Supplement are paid in full.

Appears in 2 contracts

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

Transfer to Depositor. The Indenture Trustee will transfer withdraw all funds in from the Reserve Account and pay them to the Depositor on the earlier of (i) the first Payment Date on or after which the Servicer has deposited in the Exchange Note Collection Account the Exchange Note Purchase Price according to Section 6.1(a) of the Servicing Supplement in connection with the exercise of its option to acquire the 20162021-A B Exchange Note under Section 6.1 of the Servicing Supplement and (ii) the date on which the Note Balance of the Notes and of other amounts owing or to be distributed to the Secured Parties under the Indenture and this Supplement are paid in full.

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)

Transfer to Depositor. The Indenture Trustee will transfer withdraw all funds in from the Reserve Account and pay them to the Depositor on the earlier of (i) the first Payment Date on or after which the Servicer has deposited in the Exchange Note Collection Account the Exchange Note Purchase Price according to Section 6.1(a) of the Servicing Supplement in connection with the exercise of its option to acquire the 20162017-A B Exchange Note under Section 6.1 of the Servicing Supplement and (ii) the date on which the Note Balance of the Notes and of other amounts owing or to be distributed to the Secured Parties under the Indenture and this Supplement are paid in full.

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)

Transfer to Depositor. The Indenture Trustee will transfer withdraw all funds in from the Reserve Account and pay them to the Depositor on the earlier of (i) the first Payment Date on or after which the Servicer has deposited in the Exchange Note Collection Account the Exchange Note Purchase Price according to Section 6.1(a) of the Servicing Supplement in connection with the exercise of its option to acquire the 20162019-A Exchange Note under Section 6.1 of the Servicing Supplement and (ii) the date on which the Note Balance of the Notes and of other amounts owing or to be distributed to the Secured Parties under the Indenture and this Supplement are paid in full.

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)

Transfer to Depositor. The Indenture Trustee will transfer withdraw all funds in from the Reserve Account and pay them to the Depositor on the earlier of (i) the first Payment Date on or after which the Servicer has deposited in the Exchange Note Collection Account the Exchange Note Purchase Price according to Section 6.1(a) of the Servicing Supplement in connection with the exercise of its option to acquire the 20162019-A B Exchange Note under Section 6.1 of the Servicing Supplement and (ii) the date on which the Note Balance of the Notes and of other amounts owing or to be distributed to the Secured Parties under the Indenture and this Supplement are paid in full.

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)

Transfer to Depositor. The Indenture Trustee will transfer withdraw all funds in from the Reserve Account and pay them to the Depositor on the earlier of (i) the first Payment Date on or after which the Servicer has deposited in the Exchange Note Collection Account the Exchange Note Purchase Price according to Section 6.1(a) of the Servicing Supplement in connection with the exercise of its option to acquire the 20162024-A Exchange Note under Section 6.1 of the Servicing Supplement and (ii) the date on which the Note Balance of the Notes and of other amounts owing or to be distributed to the Secured Parties under the Indenture and this Supplement are paid in full.

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)

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Transfer to Depositor. The Indenture Trustee will transfer withdraw all funds in from the Reserve Account and pay them to the Depositor on the earlier of (i) the first Payment Date on or after which the Servicer has deposited in the Exchange Note Collection Account the Exchange Note Purchase Price according to Section 6.1(a) of the Servicing Supplement in connection with the exercise of its option to acquire the 20162017-A Exchange Note under Section 6.1 of the Servicing Supplement and (ii) the date on which the Note Balance of the Notes and of other amounts owing or to be distributed to the Secured Parties under the Indenture and this Supplement are paid in full.

Appears in 2 contracts

Samples: Credit and Security Agreement (Ford Credit Auto Lease Two LLC), Exchange Note Supplement (Ford Credit Auto Lease Trust 2017-A)

Transfer to Depositor. The Indenture Trustee will transfer withdraw all funds in from the Reserve Account and pay them to the Depositor on the earlier of (i) the first Payment Date on or after which the Servicer has deposited in the Exchange Note Collection Account the Exchange Note Purchase Price according to Section 6.1(a) of the Servicing Supplement in connection with the exercise of its option to acquire the 20162023-A Exchange Note under Section 6.1 of the Servicing Supplement and (ii) the date on which the Note Balance of the Notes and of other amounts owing or to be distributed to the Secured Parties under the Indenture and this Supplement are paid in full.

Appears in 2 contracts

Samples: Credit and Security Agreement (Ford Credit Auto Lease Trust 2023-A), Exchange Note Supplement (Ford Credit Auto Lease Trust 2023-A)

Transfer to Depositor. The Indenture Trustee will transfer withdraw all funds in from the Reserve Account and pay them to the Depositor on the earlier of (i) the first Payment Date on or after which the Servicer has deposited in the Exchange Note Collection Account the Exchange Note Purchase Price according to Section 6.1(a) of the Servicing Supplement in connection with the exercise of its option to acquire the 20162021-A Exchange Note under Section 6.1 of the Servicing Supplement and (ii) the date on which the Note Balance of the Notes and of other amounts owing or to be distributed to the Secured Parties under the Indenture and this Supplement are paid in full.

Appears in 2 contracts

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

Transfer to Depositor. The Indenture Trustee will transfer withdraw all funds in from the Reserve Account and pay them to the Depositor on the earlier of (i) the first Payment Date on or after which the Servicer has deposited in the Exchange Note Collection Account the Exchange Note Purchase Price according to Section 6.1(a) of the Servicing Supplement in connection with the exercise of its option to acquire the 20162022-A Exchange Note under Section 6.1 of the Servicing Supplement and (ii) the date on which the Note Balance of the Notes and of other amounts owing or to be distributed to the Secured Parties under the Indenture and this Supplement are paid in full.

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)

Transfer to Depositor. The Indenture Trustee will transfer all funds in the Reserve Account to the Depositor on the earlier of (i) the first Payment Date on or after which the Servicer has deposited in the Collection Account the Exchange Note Purchase Price according to Section 6.1(a) of the Servicing Supplement in connection with the exercise of its option to acquire the 2016-A 20 - Exchange Note under Section 6.1 of the Servicing Supplement and (ii) the date on which the Note Balance of the Notes and of other amounts owing or to be distributed to the Secured Parties under the Indenture and this Supplement are paid in full.

Appears in 2 contracts

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

Transfer to Depositor. The Indenture Trustee will transfer withdraw all funds in from the Reserve Account and pay them to the Depositor on the earlier of (i) the first Payment Date on or after which the Servicer has deposited in the Exchange Note Collection Account the Exchange Note Purchase Price according to Section 6.1(a) of the Servicing Supplement in connection with the exercise of its option to acquire the 2016-A 20__-__ Exchange Note under Section 6.1 of the Servicing Supplement and (ii) the date on which the Note Balance of the Notes and of other amounts owing or to be distributed to the Secured Parties under the Indenture and this Supplement are paid in full.

Appears in 1 contract

Samples: Credit and Security Agreement (CAB East LLC)

Transfer to Depositor. The Indenture Trustee will transfer withdraw all funds in from the Reserve Account and pay them to the Depositor on the earlier of (i) the first Payment Date on or after which the Servicer has deposited in the Exchange Note Collection Account the Exchange Note Purchase Price according to Section 6.1(a) of the Servicing Supplement in connection with the exercise of its option to acquire the 2016-A 20 - Exchange Note under Section 6.1 of the Servicing Supplement and (ii) the date on which the Note Balance of the Notes and of other amounts owing or to be distributed to the Secured Parties under the Indenture and this Supplement are paid in full.

Appears in 1 contract

Samples: Credit and Security Agreement (CAB West LLC)

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