Principal Terms. The principal terms of the 2023-B Exchange Note are as follows: (i) the "Exchange Note Issuance Date" is September 19, 2023; (ii) the 2023-B Exchange Note will be issued as a single class; (iii) the "Exchange Note Initial Principal Balance" for the 2023-B Exchange Note is $1,244,381,443.30; (iv) the Reference Pool for the 2023-B Exchange Note will be the 2023-B Reference Pool, as stated in Section 3.1; (v) the "Cutoff Date" for the 2023-B Reference Pool is September 1, 2023; (vi) the "Exchange Note Interest Rate" for the 2023-B Exchange Note is 6.98%; (vii) the Exchange Note Events of Default for the 2023-B Exchange Note are stated in Section 4.1; and (viii) the "Exchange Note Final Scheduled Payment Date" for the 2023-B Exchange Note is June 15, 2028.
Appears in 2 contracts
Sources: Credit and Security Agreement (Ford Credit Auto Lease Trust 2023-B), Credit and Security Agreement (Ford Credit Auto Lease Trust 2023-B)
Principal Terms. The principal terms of the 20232025-B Exchange Note are as follows:
(i) the "Exchange Note Issuance Date" is September 19July 29, 20232025;
(ii) the 20232025-B Exchange Note will be issued as a single class;
(iii) the "Exchange Note Initial Principal Balance" for the 20232025-B Exchange Note is $1,244,381,443.301,496,185,567.01;
(iv) the Reference Pool for the 20232025-B Exchange Note will be the 20232025-B Reference Pool, as stated in Section 3.1;
(v) the "Cutoff Date" for the 20232025-B Reference Pool is September July 1, 20232025;
(vi) the "Exchange Note Interest Rate" for the 20232025-B Exchange Note is 6.984.53%;
(vii) the Exchange Note Events of Default for the 20232025-B Exchange Note are stated in Section 4.1; and
(viii) the "Exchange Note Final Scheduled Payment Date" for the 20232025-B Exchange Note is June April 15, 20282030.
Appears in 2 contracts
Sources: Credit and Security Agreement (Ford Credit Auto Lease Trust 2025-B), Credit and Security Agreement (Ford Credit Auto Lease Trust 2025-B)
Principal Terms. The principal terms of the 20232024-B Exchange Note are as follows:
(i) the "Exchange Note Issuance Date" is September 19July 23, 20232024;
(ii) the 20232024-B Exchange Note will be issued as a single class;
(iii) the "Exchange Note Initial Principal Balance" for the 20232024-B Exchange Note is $1,244,381,443.301,496,175,257.73;
(iv) the Reference Pool for the 20232024-B Exchange Note will be the 20232024-B Reference Pool, as stated in Section 3.1;
(v) the "Cutoff Date" for the 20232024-B Reference Pool is September July 1, 20232024;
(vi) the "Exchange Note Interest Rate" for the 20232024-B Exchange Note is 6.985.19%;
(vii) the Exchange Note Events of Default for the 20232024-B Exchange Note are stated in Section 4.1; and
(viii) the "Exchange Note Final Scheduled Payment Date" for the 20232024-B Exchange Note is June May 15, 20282029.
Appears in 2 contracts
Sources: Credit and Security Agreement (Ford Credit Auto Lease Trust 2024-B), Credit and Security Agreement (Ford Credit Auto Lease Trust 2024-B)
Principal Terms. The principal terms of the 20232018-B Exchange Note are as follows:
(i) the "“Exchange Note Issuance Date" ” is September 1921, 20232018;
(ii) the 20232018-B Exchange Note will be issued as a single class;
(iii) the "“Exchange Note Initial Principal Balance" ” for the 20232018-B Exchange Note is $1,244,381,443.301,142,907,216.49;
(iv) the Reference Pool for the 20232018-B Exchange Note will be the 20232018-B Reference Pool, as stated in Section 3.1;
(v) the "“Cutoff Date" ” for the 20232018-B Reference Pool is September 1, 20232018;
(vi) the "“Exchange Note Interest Rate" ” for the 20232018-B Exchange Note is 6.983.63%;
(vii) the Exchange Note Events of Default for the 20232018-B Exchange Note are stated in Section 4.1; and
(viii) the "“Exchange Note Final Scheduled Payment Date" ” for the 20232018-B Exchange Note is June May 15, 20282023.
Appears in 1 contract
Sources: Credit and Security Agreement