FCAR definition

FCAR or the "Seller"), Ford Credit or any affiliate thereof. ---------------------- */ Denominations of $1,000 and integral multiples of $1,000 in excess thereof. Unless the certificate of authentication hereon has been executed by or on behalf of the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement referred to on the reverse side hereof or be valid for any purpose. THIS CERTIFICATE SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

FCAR or the "Transferor"), Ford Credit, any other Originator or any affiliate thereof. On or after the Exchange Date, any portion of the Temporary Global Certificate may be exchanged for interests in this Permanent Global Certificate, at which time the Trustee shall cause Schedule A of this Permanent Global Certificate to be endorsed to reflect the increase of its principal amount by an amount equal to the decrease in the principal amount of the Temporary Global Certificate, whereupon the principal amount of this Permanent Global Certificate shall be increased for all purposes by the amount so exchanged and noted. This Permanent Global Certificate may itself be exchanged following the election of a beneficial owner of an interest herein, upon not less than 60 days prior notice to the Trustee to exchange such interest for one or more Bearer Certificates, with Coupons attached thereto, in any authorized denomination, all as provided in Section 6.01 of the Series Supplement and the Agreement. Upon such election, such beneficial owner's remaining interest in this Permanent Global Certificate will be exchanged for Bearer Certificates, at which time the Trustee shall cause Schedule A of this Permanent Global Certificate to be endorsed to reflect the decrease of its principal amount by an amount equal to the principal amount of the related Bearer Certificate. The Trustee will provide not less than 45 days prior notice of any such issuance of Bearer Certificates in accordance with the Agreement. This Permanent Global Certificate shall be governed by and construed in accordance with the law of the State of New York. Unless the certificate of authentication hereon has been executed by or on behalf of the Trustee, by manual or facsimile signature, this Permanent Global Certificate shall not be entitled to any benefit under the Agreement or the Series Supplement or be valid for any purpose.

FCAR or the "Transferor"), Ford Credit, any other Originator or any affiliate thereof. This Certificate shall be governed by and construed in accordance with the law of the State of New York. Unless the certificate of authentication hereon has been executed by or on behalf of the Trustee, by manual or facsimile signature, this Certificate shall not be entitled to any benefit under the Agreement or the Series Supplement or be valid for any purpose.

Examples of FCAR in a sentence

• FCAR may sell the Property and assign this Agreement to the purchaser of the Property.

• FCAR may convey, assign or transfer any portion of its interest in the Dealership without consent of the City.

• If the default is not cured within the time set forth above, and this Agreement is terminated by the City, all money held by the City as provided herein may be retained by the City and used to cure the default, and any monies remaining after said cure shall be returned by the City to FCAR.

• The City will have no obligation to pay FCAR any Tax Rebate amount in excess of the Tax Rebate Limit.

• The FCAR shall include a visual inspection and shall indicate what improvements and maintenance are needed to bring the condition of the leasehold improvement up to a standard that meets the International Property Maintenance Code, (IPMC), as adopted and amended by the City of Idaho Falls, and all applicable state and federal codes and regulations.

• FCAR owns and/or leases property throughout North America to automobile dealers (each a “Dealer”) for the purpose of operating FCA authorized automobile dealerships selling the products of FCA US, its parents, subsidiaries, affiliates, successors or assigns (collectively “FCA”).

• If the alleged default can be cured by the payment or expenditure of money, FCAR may post a letter of credit or other collateral reasonably acceptable to the City Attorney and with a reputable financial institution, until the matter can be resolved, and the City shall continue to make payments to FCAR as set forth herein.

• If any Dealership Sales Tax Revenue attributable to transactions occurring within the Term is received by the City after the Term, FCAR will be entitled to receive from the City Tax Rebates applicable to such Dealership Sales Tax Revenue.

• In the Report, the accountant or auditor must confirm that in preparing the Report, the accountant or auditor has reviewed paper or electronic copies of any and all Illinois sales tax returns and any amended Illinois sales tax returns for any quarterly period for which FCAR or its successors is requesting reimbursement.

• Upon receipt of the notice of default, FCAR shall have thirty (30) days after receipt of the notice of default to cure the default, if it can be reasonably cured within thirty (30) days, or FCAR must begin curing the default and complete curing the default within a reasonable time thereafter if the default cannot be cured within thirty (30) days.

More Definitions of FCAR

FCAR means Ford Credit Auto Receivables LLC, a Delaware ---- limited liability company, and its successors in interest to the extent permitted hereunder.

FCAR means FCAR Receivables LLC, a Texas limited liability company, and its successors and assigns.