Limited Recourse. The Sponsor agrees that any claim that it may seek to enforce against the Depositor under this Agreement is limited to the Purchased Property only and is not a claim against the Depositor’s assets as a whole or against assets other than the Purchased Property. This Section 5.2 will survive the termination of this Agreement.
Appears in 30 contracts
Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2022-A), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2022-A), Receivables Purchase Agreement (Ford Credit Auto Receivables Two LLC)
Limited Recourse. The Sponsor agrees that any claim that it may seek to enforce against the Depositor under this Agreement is limited to the Purchased Property only and is not a claim against the Depositor’s assets as a whole or against assets other than the Purchased Property. This Section 5.2 5.3 will survive the termination of this Agreement.
Appears in 21 contracts
Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2021-B), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2021-B), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2021-A)
Limited Recourse. The Sponsor agrees that any claim that it may seek to enforce against the Depositor under this Agreement is limited to the Purchased Property only and is not a claim against the Depositor’s assets as a whole or against assets other than the Purchased Property. This Section 5.2 will survive the termination of this Agreement.
Appears in 14 contracts
Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2016-B), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2016-B), Exchange Note Purchase Agreement (Ford Credit Auto Lease Two LLC)
Limited Recourse. The Sponsor agrees that any claim that it may seek to enforce against the Depositor under this Agreement is limited to the Purchased Property only and is not a claim against the Depositor’s 's assets as a whole or against assets other than the Purchased Property. This Section 5.2 will survive the termination of this Agreement.
Appears in 13 contracts
Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2024-A), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2024-A), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2023-C)
Limited Recourse. The Sponsor agrees that any claim that it may seek to enforce against the Depositor under this Agreement is limited to the Purchased Property only and is not a claim against the Depositor’s 's assets as a whole or against assets other than the Purchased Property. This Section 5.2 5.3 will survive the termination of this Agreement.
Appears in 9 contracts
Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2024-A), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2024-A), Exchange Note Purchase Agreement (Ford Credit Auto Lease Trust 2023-B)
