CAB West definition
Examples of CAB West in a sentence
In order to perfect the security interest of the Indenture Trustee in certain accounts, each of (i) the Trust, the Indenture Trustee and the financial institution acting as the securities intermediary and (ii) the Trust, CAB East, CAB West, FCALM and the financial institution acting as the securities intermediary, will enter into an account control agreement (each, a “Control Agreement”).
CAB West Holdings, LLC is the sole Member of and the holder of the Collateral Specified Interest in CAB West, which represents the entire limited liability company interest in certain motor vehicle leases and leased vehicles acquired by CAB West.
CAB West Holdings, LLC is the sole Member of and the holder of both the Collateral Specified Interest and the EV Specified Interest in CAB West, which represents the entire limited liability company interest in certain motor vehicle leases and leased vehicles acquired by CAB West.
In order to perfect the security interest of the Indenture Trustee in certain accounts, each of (i) the Trust, the Indenture Trustee and the financial institution acting as the securities intermediary and (ii) the Trust, CAB East, CAB West and the financial institution acting as the securities intermediary, will enter into an account control agreement (each, a “Control Agreement”).
Capitalized terms used but not defined in this Agreement are defined in Appendix A to the Second Amended and Restated Credit and Security Agreement, dated as of July 22, 2005, as amended and restated as of December 1, 2015 (the “Credit and Security Agreement”), among the CAB East LLC and CAB West LLC, as Borrowers, U.S. Bank National Association, as Administrative Agent, HTD Leasing LLC, as Collateral Agent, and Ford Motor Credit Company LLC, as Lender and Servicer.
CAB West Holdings, LLC is the sole Member of and the holder of the Collateral Specified Interest and the EV Specified Interest in CAB West, which represents the entire limited liability company interest in certain motor vehicle leases and leased vehicles acquired by CAB West.
Ford Credit has established CAB West LLC (the “Company”) pursuant to a Certificate of Formation dated and effective as of January 17, 2003, as amended and restated as of August 18, 2004 (the “Certificate of Formation”) and has entered into the Limited Liability Company Agreement of CAB West LLC, dated as of February 5, 2003 (the “Interim LLC Agreement”).
Any funds remaining in the CAB West LLC Account at the end of any Business Day will be invested by the Titling Company Administrator at the direction of the Holder of the Initial Specified Interest.
The Company is a Delaware limited liability company governed by the Amended and Restated Limited Liability Company Agreement, dated as of November 1, 2004 (the “Titling Company Agreement”), among CAB West Holdings, LLC, as Member, Ford Motor Credit Company, as Titling Company Administrator (in such capacity, the “Titling Company Administrator”) and U.S. Bank National Association, as Titling Company Registrar (in such capacity, the “Titling Company Registrar”).
On or prior to the date of this Agreement, CAB East LLC, a Delaware limited liability company (“CAB East”) and CAB West LLC, a Delaware limited liability company (“CAB West” and together with CAB East), the “Titling Companies”) issued to Ford Credit a note designated as the “20_-_ Exchange Note” having an initial aggregate outstanding principal balance of $[_______], a fixed interest rate of [__]% and a stated maturity date of [_____].