Common use of Principal Terms Clause in Contracts

Principal Terms. The principal terms of the 2022-A Exchange Note are as follows: (i) the "Exchange Note Issuance Date" is April 26, 2022; (ii) the 2022-A Exchange Note will be issued as a single class; (iii) the "Exchange Note Initial Principal Balance" for the 2022-A Exchange Note is $1,555,494,845.36; (iv) the Reference Pool for the 2022-A Exchange Note will be the 2022-A Reference Pool, as stated in Section 3.1; (v) the "Cutoff Date" for the 2022-A Reference Pool is April 1, 2022;

Appears in 2 contracts

Sources: Credit and Security Agreement (Ford Credit Auto Lease Trust 2022-A), Credit and Security Agreement (Ford Credit Auto Lease Trust 2022-A)

Principal Terms. The principal terms of the 20222021-A B Exchange Note are as follows: (i) the "β€œExchange Note Issuance Date" ” is April 26September 24, 20222021; (ii) the 20222021-A B Exchange Note will be issued as a single class; (iii) the "Exchange Note Initial Principal Balance" for the 2022-A Exchange Note is $1,555,494,845.36; (iv) the Reference Pool for the 2022-A Exchange Note will be the 2022-A Reference Pool, as stated in Section 3.1; (v) the "Cutoff Date" for the 2022-A Reference Pool is April 1, 2022;

Appears in 2 contracts

Sources: Credit and Security Agreement (Ford Credit Auto Lease Trust 2021-B), Credit and Security Agreement (Ford Credit Auto Lease Trust 2021-B)

Principal Terms. The principal terms of the 20222023-A Exchange Note are as follows: (i) the "Exchange Note Issuance Date" is April 26January 23, 20222023; (ii) the 20222023-A Exchange Note will be issued as a single class; (iii) the "Exchange Note Initial Principal Balance" for the 20222023-A Exchange Note is $1,555,494,845.361,555,412,371.13; (iv) the Reference Pool for the 20222023-A Exchange Note will be the 20222023-A Reference Pool, as stated in Section 3.1; (v) the "Cutoff Date" for the 2022-A Reference Pool is April 1, 2022;

Appears in 2 contracts

Sources: Credit and Security Agreement (Ford Credit Auto Lease Trust 2023-A), Credit and Security Agreement (Ford Credit Auto Lease Trust 2023-A)

Principal Terms. The principal terms of the 20222024-A Exchange Note are as follows: (i) the "Exchange Note Issuance Date" is April 26January 22, 20222024; (ii) the 20222024-A Exchange Note will be issued as a single class; (iii) the "Exchange Note Initial Principal Balance" for the 20222024-A Exchange Note is $1,555,494,845.361,675,742,268.04; (iv) the Reference Pool for the 20222024-A Exchange Note will be the 20222024-A Reference Pool, as stated in Section 3.1; (v) the "Cutoff Date" for the 2022-A Reference Pool is April 1, 2022;

Appears in 2 contracts

Sources: Credit and Security Agreement (Ford Credit Auto Lease Trust 2024-A), Credit and Security Agreement (Ford Credit Auto Lease Trust 2024-A)