Common use of Servicer May Own Exchange Note and Notes Clause in Contracts

Servicer May Own Exchange Note and Notes. The Servicer and any Affiliate of the Servicer may, in its individual or other capacity, become the owner or pledgee of the 20 - Exchange Note and the Notes with the same rights as it would have if it were not the Servicer or an Affiliate of the Servicer, except as otherwise stated in any Transaction Document.

Appears in 3 contracts

Sources: Servicing Agreement (CAB West LLC), Servicing Agreement (CAB East LLC), Servicing Agreement (CAB East LLC)

Servicer May Own Exchange Note and Notes. The Servicer and any Affiliate of the Servicer may, in its individual or other capacity, become the owner or pledgee of the 20 - 20__-__ Exchange Note and the Notes with the same rights as it would have if it were not the Servicer or an Affiliate of the Servicer, except as otherwise stated in any Transaction Document.

Appears in 3 contracts

Sources: Servicing Supplement (CAB East LLC), Servicing Supplement (CAB East LLC), Servicing Supplement (CAB East LLC)

Servicer May Own Exchange Note and Notes. The Servicer and any Affiliate of the Servicer may, in its individual or other capacity, become the owner or pledgee of the 20 - 2020-A Exchange Note and the Notes with the same rights as it would have if it were not the Servicer or an Affiliate of the Servicer, except as otherwise stated in any Transaction Document.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2020-A), Servicing Agreement (Ford Credit Auto Lease Trust 2020-A)

Servicer May Own Exchange Note and Notes. The Servicer and any Affiliate of the Servicer may, in its individual or other capacity, become the owner or pledgee of the 20 - 2020-B Exchange Note and the Notes with the same rights as it would have if it were not the Servicer or an Affiliate of the Servicer, except as otherwise stated in any Transaction Document.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2020-B), Servicing Agreement (Ford Credit Auto Lease Trust 2020-B)

Servicer May Own Exchange Note and Notes. The Servicer and any Affiliate of the Servicer may, in its individual or other capacity, become the owner or pledgee of the 20 - 2016-A Exchange Note and the Notes with the same rights as it would have if it were not the Servicer or an Affiliate of the Servicer, except as otherwise stated in any Transaction Document.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Two LLC), Servicing Agreement (Ford Credit Auto Lease Two LLC)

Servicer May Own Exchange Note and Notes. The Servicer and any Affiliate of the Servicer may, in its individual or other capacity, become the owner or pledgee of the 20 - 2017-B Exchange Note and the Notes with the same rights as it would have if it were not the Servicer or an Affiliate of the Servicer, except as otherwise stated in any Transaction Document.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2017-B), Servicing Agreement (Ford Credit Auto Lease Trust 2017-B)

Servicer May Own Exchange Note and Notes. The Servicer and any Affiliate of the Servicer may, in its individual or other capacity, become the owner or pledgee of the 20 - 2022-A Exchange Note and the Notes with the same rights as it would have if it were not the Servicer or an Affiliate of the Servicer, except as otherwise stated in any Transaction Document.

Appears in 2 contracts

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

Servicer May Own Exchange Note and Notes. The Servicer and any Affiliate of the Servicer may, in its individual or other capacity, become the owner or pledgee of the 20 - 2025-B Exchange Note and the Notes with the same rights as it would have if it were not the Servicer or an Affiliate of the Servicer, except as otherwise stated in any Transaction Document.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2025-B), Servicing Supplement (Ford Credit Auto Lease Trust 2025-B)

Servicer May Own Exchange Note and Notes. The Servicer and any Affiliate of the Servicer may, in its individual or other capacity, become the owner or pledgee of the 20 - 2019-A Exchange Note and the Notes with the same rights as it would have if it were not the Servicer or an Affiliate of the Servicer, except as otherwise stated in any Transaction Document.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2019-A), Servicing Agreement (Ford Credit Auto Lease Trust 2019-A)

Servicer May Own Exchange Note and Notes. The Servicer and any Affiliate of the Servicer may, in its individual or other capacity, become the owner or pledgee of the 20 - 2025-A Exchange Note and the Notes with the same rights as it would have if it were not the Servicer or an Affiliate of the Servicer, except as otherwise stated in any Transaction Document.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2025-A), Servicing Supplement (Ford Credit Auto Lease Trust 2025-A)

Servicer May Own Exchange Note and Notes. The Servicer and any Affiliate of the Servicer may, in its individual or other capacity, become the owner or pledgee of the 20 - 2021-B Exchange Note and the Notes with the same rights as it would have if it were not the Servicer or an Affiliate of the Servicer, except as otherwise stated in any Transaction Document.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2021-B), Servicing Agreement (Ford Credit Auto Lease Trust 2021-B)

Servicer May Own Exchange Note and Notes. The Servicer and any Affiliate of the Servicer may, in its individual or other capacity, become the owner or pledgee of the 20 - 2023-B Exchange Note and the Notes with the same rights as it would have if it were not the Servicer or an Affiliate of the Servicer, except as otherwise stated in any Transaction Document.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2023-B), Servicing Agreement (Ford Credit Auto Lease Trust 2023-B)

Servicer May Own Exchange Note and Notes. The Servicer and any Affiliate of the Servicer may, in its individual or other capacity, become the owner or pledgee of the 20 - 2021-A Exchange Note and the Notes with the same rights as it would have if it were not the Servicer or an Affiliate of the Servicer, except as otherwise stated in any Transaction Document.

Appears in 2 contracts

Sources: Servicing Agreement (Ford Credit Auto Lease Trust 2021-A), Servicing Agreement (Ford Credit Auto Lease Trust 2021-A)

Servicer May Own Exchange Note and Notes. The Servicer and any Affiliate of the Servicer may, in its individual or other capacity, become the owner or pledgee of the 20 - 2023-A Exchange Note and the Notes with the same rights as it would have if it were not the Servicer or an Affiliate of the Servicer, except as otherwise stated in any Transaction Document.

Appears in 2 contracts

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

Servicer May Own Exchange Note and Notes. The Servicer and any Affiliate of the Servicer may, in its individual or other capacity, become the owner or pledgee of the 20 - 2017-A Exchange Note and the Notes with the same rights as it would have if it were not the Servicer or an Affiliate of the Servicer, except as otherwise stated in any Transaction Document.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2017-A), Servicing Agreement (Ford Credit Auto Lease Two LLC)

Servicer May Own Exchange Note and Notes. The Servicer and any Affiliate of the Servicer may, in its individual or other capacity, become the owner or pledgee of the 20 - 2024-B Exchange Note and the Notes with the same rights as it would have if it were not the Servicer or an Affiliate of the Servicer, except as otherwise stated in any Transaction Document.

Appears in 2 contracts

Sources: Servicing Agreement (Ford Credit Auto Lease Trust 2024-B), Servicing Agreement (Ford Credit Auto Lease Trust 2024-B)

Servicer May Own Exchange Note and Notes. The Servicer and any Affiliate of the Servicer may, in its individual or other capacity, become the owner or pledgee of the 20 - 2024-A Exchange Note and the Notes with the same rights as it would have if it were not the Servicer or an Affiliate of the Servicer, except as otherwise stated in any Transaction Document.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2024-A), Servicing Agreement (Ford Credit Auto Lease Trust 2024-A)

Servicer May Own Exchange Note and Notes. The Servicer and any Affiliate of the Servicer may, in its individual or other capacity, become the owner or pledgee of the 20 - 2019-B Exchange Note and the Notes with the same rights as it would have if it were not the Servicer or an Affiliate of the Servicer, except as otherwise stated in any Transaction Document.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2019-B), Servicing Agreement (Ford Credit Auto Lease Trust 2019-B)

Servicer May Own Exchange Note and Notes. The Servicer and any Affiliate of the Servicer may, in its individual or other capacity, become the owner or pledgee of the 20 - 2018-A Exchange Note and the Notes with the same rights as it would have if it were not the Servicer or an Affiliate of the Servicer, except as otherwise stated in any Transaction Document.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2018-A), Servicing Agreement (Ford Credit Auto Lease Trust 2018-A)

Servicer May Own Exchange Note and Notes. The Servicer and any Affiliate of the Servicer may, in its individual or other capacity, become the owner or pledgee of the 20 - 2018-B Exchange Note and the Notes with the same rights as it would have if it were not the Servicer or an Affiliate of the Servicer, except as otherwise stated in any Transaction Document.

Appears in 2 contracts

Sources: Servicing Agreement (Ford Credit Auto Lease Trust 2018-B), Servicing Agreement (Ford Credit Auto Lease Trust 2018-B)