Ford Credit definition

Ford Credit means Ford Motor Credit Company LLC, a Delaware limited liability company.
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Ford Credit. , or 'FMCC', means Ford Motor Credit Company LLC, a limited liability company incorporated under the laws of Delaware USA and an indirect wholly owned subsidiary of Ford.
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Ford Credit means Ford Motor Credit Company, a Delaware corporation, and its successors and assigns.
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Examples of Ford Credit in a sentence

  • Except as set forth in paragraph 4 below, Ford Credit used the criteria set forth in paragraph (d) of Item 1122 of Regulation AB to assess the compliance with the applicable servicing criteria.

  • Ford Credit has elected to take responsibility for assessing compliance with the servicing criteria or portion of the servicing criteria applicable to each vendor.

  • Ford Credit has policies and procedures in place to provide reasonable assurance that the vendors’ activities comply in all material respects with the servicing criteria or portion of the servicing criteria applicable to each vendor.

  • Ford Credit has engaged vendors that are not servicers as defined in Item 1101(j) of Regulation AB to perform specific, limited or scripted activities with respect to the servicing criteria applicable to such vendors’ activities as set forth in Appendix A to this report.

  • In the normal course of its business, Ford Credit purchases retail installment sale contracts secured by new and used cars, light trucks and utility vehicles from motor vehicle dealers.

  • The transactions covered by this report include asset-backed securities transactions involving automotive retail installment sale contracts completed on or after January 1, 2006 and registered with the Securities Exchange Commission for which Ford Credit acted as servicer (the “Platform”).

  • The Asset Representations Reviewer agrees that it will not, and will cause its Affiliates to not (i) purchase or sell securities issued by Ford Credit or its Affiliates or special purpose entities on the basis of Confidential Information or (ii) use the Confidential Information for the preparation of research reports, newsletters or other publications or similar communications.

  • This Agreement will not affect or limit any right or obligation Ford Credit may have in any other capacity.

  • The Issuer intends that Notes owned or beneficially owned by a Person other than Ford Credit or its Affiliates will be indebtedness of the Issuer for U.S. federal, State and local income and franchise tax purposes.

  • If requested by the Indenture Trustee, Ford Credit will provide reasonable supporting details for its calculation of the amounts to be deposited or paid under this Section 4.3(c).


More Definitions of Ford Credit

Ford Credit means Ford Motor Credit Company, LLC, the prepetition floorplan lender to RDAC, RD Floydada, RD Amarillo, RD Imports, RD Motors and RD Plainview.
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Ford Credit means Ford Motor Credit Company, a corporation duly organized and existing under the laws of the State of Delaware and an indirect wholly-owned subsidiary of Ford Motor Company."
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Ford Credit has appointed the principal office of Chemical Bank in London as principal paying agent for the payment of the principal of and interest on the Notes (the "Principal Paying Agent") and has appointed Kredietbank S.A. Luxembourgeoise in Luxembourg as an additional paying agent (the "Paying Agent"). Administrative responsibilities will be handled for Ford Credit by its Treasurer's Office; accountable document control and record-keeping responsibilities will be performed by Ford Credit's Accounting Services Department. Ford Credit has appointed Kredietbank S.A. Luxembourgeoise as listing agent (the "Listing Agent"), which will coordinate with the Principal Paying Agent and the Coordinating Agent on a regular basis for the purpose of providing the Luxembourg Stock Exchange with such information regarding Notes issued and outstanding as such Exchange may require.
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Ford Credit s ability to raise funds in the public debt markexx xx xighly dependent on its credit ratings, which, in turn, are dependent on the level of Ford Credit's equity capital, the quality of its assets and its liquidity.
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Ford Credit means Ford Motor Credit Company, a Delaware ------------ corporation, and its successors in interest.
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Ford Credit s 1997 financial results include a majority ownership (78 percent) of Ford Credit Europe and results for 1996 have been restated to reflect this ownership change. Ford Credit is an indirect wholly owned subsidiary of Ford Motor Company and is part of Ford's Financial Services Group. Consolidated financial statements exclude certain vehicle finance subsidiaries of Ford Motor Company that are managed by Ford Credit. Ford Credit's worldwide managed operations earned $312 million for the second quarter of 1997. Worldwide managed finance receivables were $128 billion at June 30, 1997. Included in these managed receivables are certain finance receivables Ford Credit has sold and continues to service. As the world's largest company dedicated to automotive finance, Ford Credit provides vehicle financing for 11,000 automotive dealers and 8 million retail customers in 33 countries. # # # Ford Motor Credit Company and Consoldated Subsidiaries OPERATING HIGHLIGHTS Second Quarter --------------------------------- 1997 1996 -------------- -------------- Income (in Millions) Income Before Income Taxes $ 488.3 $ 607.0 Net Income 279.0 000.0 Xxxxxx Xxxxx Xxxx Xxxxxx Xxxxxx Xxxxxx 36.6 % 40.8 % Europe 28.8 27.9 Ford Wholesale United States 79.4 % 81.0 % Europe 95.1 91.0 Contract Volume - New and Used Retail/Lease (in Thousands) United States 676 786 Europe 192 186 Other International 117 84 --- ----- Total Contract Volume 985 1,056 === ===== Assets (in Millions) Net Finance Receivables $ 78,914.5 $ 81,454.8 Net Investment in Operating Leases 34,579.1 28,402.1 -------- -------- Subtotal $ 113,493.6 $ 109,856.9 Other Assets 7,408.5 7,336.8 ------- ------- Total Assets $ 120,902.1 $ 117,193.7 ========= ========= Liabilities and Stockholder's Equity (in Millions) Liabilities Debt - Short Term $ 43,447.9 $ 42,873.6 Debt - Long Term 56,877.7 53,052.5 -------- -------- Total Debt $ 100,325.6 $ 95,926.1 Other Liabilities 10,327.9 10,764.5 -------- -------- Total Liabilities $ 110,653.5 $ 106,690.6 Minority Interests in Net Assets of Subsidiaries 354.0 1,233.0 Preferred Equity in Subsidiary Company 286.5 284.5 Stockholder's Equity 9,608.1 8,985.6 ------- ------- Total Liabilities and Stockholder's Equity $ 120,902.1 $ 117,193.7 ========= ========= /TABLE Memo: Selected Worldwide Results for Managed Operations * Second Quarter ------------------------------ 1997 1996 --------------- ----------- Income (in Millions) Income Before Income Taxes $ 479 $ 580 Net Income 312 359 Contract Vo...
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Related to Ford Credit

  • Depositor means Advisors Asset Management, Inc. and its successors in interest, or any successor depositor appointed as hereinafter provided."

  • Securitization Trust means a trust formed pursuant to a Securitization pursuant to which one or more of the Notes are held.

  • Administration Agreement means the Administration Agreement, dated as of the Closing Date, between the Administrator, the Issuer and the Indenture Trustee, as the same may be amended and supplemented from time to time.

  • Lead Securitization Servicing Agreement means (i) the pooling and servicing agreement or other comparable agreement related to the Lead Securitization, and (ii) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).

  • Servicer means the Master Servicer or the Special Servicer, as the context may require.

  • Servicing Agreement means such subsequent Servicing Agreement; provided, however, that until a replacement Servicing Agreement has been entered into (and such written confirmation has been obtained), the Note A-1 Holder shall cause the Mortgage Loan to be serviced pursuant to the provisions of the Servicing Agreement as if such agreement was still in full force and effect with respect to the Mortgage Loan; provided, further, however, that until a replacement Servicing Agreement is in place, the actual servicing of the Mortgage Loan may be performed by any Qualified Servicer appointed by the Note A-1 Holder and does not have to be performed by the service providers set forth under the Servicing Agreement that was previously in effect.