Reserve Account Draw Amount. On or before each Payment Date, the Indenture Trustee will withdraw the amounts required to be withdrawn from the Reserve Account and deposit them into the Collection Account under Section 4.4 of the Sale and Servicing Agreement.
Appears in 53 contracts
Samples: Indenture (Ford Credit Auto Owner Trust 2024-A), Indenture (Ford Credit Auto Owner Trust 2024-A), Indenture (Ford Credit Auto Owner Trust 2023-C)
Reserve Account Draw Amount. On or before each Payment Date, the Indenture Trustee will (as directed by the Servicer under Section 4.6 of the Servicing Supplement) withdraw the amounts required to be withdrawn Reserve Account Draw Amount for the Payment Date from the Reserve Account and deposit them into it in the Exchange Note Collection Account under Section 4.4 of the Sale and Servicing AgreementAccount.
Appears in 31 contracts
Samples: Credit and Security Agreement (CAB East LLC), Exchange Note Supplement (Ford Credit Auto Lease Trust 2024-A), Credit and Security Agreement (Ford Credit Auto Lease Trust 2024-A)
Reserve Account Draw Amount. On or before each Payment Date, the Indenture Trustee will (as directed by the Servicer under Section 4.6 of the Servicing Supplement) withdraw the amounts required to be withdrawn Reserve Account Draw Amount for the Payment Date from the Reserve Account and deposit them into it in the Exchange Note Collection Account under for application according to Section 4.4 of the Sale and Servicing Agreement5.1.
Appears in 4 contracts
Samples: Exchange Note Supplement (Ford Credit Auto Lease Two LLC), Credit and Security Agreement (Ford Credit Auto Lease Two LLC), Credit and Security Agreement (CAB East LLC)
