Exchange Note Supplement definition

Exchange Note Supplement means the 2021-B Exchange Note Supplement, dated as of the Cutoff Date, to the Credit and Security Agreement.

Exchange Note Supplement means the 2023-A Exchange Note Supplement.

Exchange Note Supplement has the meaning specified in Section 4.1(a) of the Credit and Security Agreement.

Examples of Exchange Note Supplement in a sentence

• Notwithstanding anything to the contrary in Section 3.9(b) of the Closed-End Servicing Agreement, on each Closed-End Exchange Note Payment Date, the Titling Trust will cause the Closed-End Administrative Agent to pay to the Servicer in accordance with Section 13.2 of the Exchange Note Supplement, the Servicing Fee for the immediately preceding Closed-End EN Collection Period as compensation for its services.

• Immediately preceding its sale of the Exchange Note to the Buyer, the Depositor was the owner of the Exchange Note, free and clear of any Adverse Claim, and after such sale of the Exchange Note to the Buyer, the Buyer shall at all times be entitled to all of the rights and benefits of a holder of an Exchange Note under the Collateral Agency Agreement and the Exchange Note Supplement.

• Interest on and principal of this Note will be payable in accordance with the priority of payments set forth in Section 13.2 of the 2024-A Closed-End Exchange Note Supplement.

• No approval, authorization or other action by, or filing with, any Governmental Authority is required in connection with its execution, delivery and performance of this Exchange Note Supplement, other than UCC filings and other than approvals and authorizations that have previously been obtained and filings which have previously been made.

• Each of the parties hereto (and the holder or pledgee of the Closed-End Exchange Note, by virtue of its acceptance of the Closed-End Exchange Note or pledge thereof) agrees that for U.S. federal, state and local income, franchise and/or value added tax purposes it shall not treat this Exchange Note Supplement as creating or constituting a trust, partnership, association taxable as a corporation or any other type of separate entity (and will report for such purposes in a consistent manner therewith).

More Definitions of Exchange Note Supplement

Exchange Note Supplement means the Exchange Note Supplement 20[ ]-[ ] to Collateral Agency Agreement, dated as of the Closing Date, between Titling Trust, Initial Beneficiary, AL Holding Corp. and U.S. Bank National Association, as Closed-End Administrative Agent, as the same may be amended or modified from time to time.

Exchange Note Supplement means the Exchange Note Supplement to the Credit and Security Agreement, dated as of October 1, 2011, among the Titling Companies, as Borrowers, U.S. Bank, as Administrative Agent, HTD, as Collateral Agent and Ford Credit, as Lender and as Servicer.

Exchange Note Supplement means the 2012-A Exchange Note Supplement, among the Titling Trust, as Borrower, the Administrative Agent, the Collateral Agent, the Lender, the Servicer and the Indenture Trustee.

Exchange Note Supplement means the Exchange Note Supplement 2020-B to Collateral Agency Agreement, dated as of the Closing Date, among the Titling Trust, Initial Beneficiary, AL Holding Corp. and the Closed-End Administrative Agent, as the same may be amended or modified from time to time.

Exchange Note Supplement means the 201[__]-[__] Exchange Note Supplement to the Basic Collateral Agency Agreement, dated as of [_____ __], 201[__], among the Borrower, the Administrative Agent, the Collateral Agent, the Lender, the Servicer and the Indenture Trustee.

Exchange Note Supplement means the 201[__]-[__] Exchange Note Supplement.

Exchange Note Supplement means a supplement to the Basic Collateral Agency Agreement meeting the requirements of Section 4.02 of the Basic Collateral Agency Agreement that, among other things, sets forth the terms of a particular Exchange Note and the related Reference Pool.