Deemed Satisfaction of Conditions. Upon the transfer of the First-Tier Assets to, and the purchase of the First-Tier Assets by, the Depositor, all of the conditions set forth in this Article IV will be deemed to have been satisfied.
Appears in 15 contracts
Sources: First Tier Sale Agreement (Ford Credit Auto Lease Trust 2014-A), First Tier Sale Agreement (Ford Credit Auto Lease Trust 2014-A), First Tier Sale Agreement (Ford Credit Auto Lease Trust 2013-B)
Deemed Satisfaction of Conditions. Upon On the transfer of the First-Tier Assets to, and the purchase of the First-Tier Assets by, the Depositor, all of the conditions set forth in this Article IV will be deemed to have been satisfied.
Appears in 7 contracts
Sources: First Tier Sale Agreement (Ford Credit Auto Lease Trust 2015-B), First Tier Sale Agreement (Ford Credit Auto Lease Trust 2015-B), First Tier Sale Agreement (Ford Credit Auto Lease Trust 2015-A)
Deemed Satisfaction of Conditions. Upon the transfer of the First-Tier Assets to, and the purchase acceptance of the First-Tier Assets by, the DepositorPurchaser, all of the conditions set forth in this Article IV will be deemed to have been satisfied.. 8 ARTICLE FIVE
Appears in 1 contract
Sources: First Tier Sale Agreement