Document:

EXHIBIT 10.7

 

 

 

 

 

ADMINISTRATION AGREEMENT

 

 

between

 

 

FORD CREDIT AUTO LEASE TRUST 20__-__,

as Issuer,

 

 

and

 

FORD MOTOR CREDIT COMPANY LLC,

as Administrator

 

 

Dated as of __________, 20__

 

 

 

 

 

 

 

 

 

 

 

    

    

    

 

TABLE OF CONTENTS

 

	ARTICLE I USAGE AND DEFINITIONS	1
	Section 1.1.	Usage and Definitions	1
	 	 	 
	ARTICLE II ADMINISTRATION OF ISSUER	1
	Section 2.1.	Engagement of Administrator	1
	Section 2.2.	Administrator's Rights and Obligations	1
	Section 2.3.	Limits on Administrator's Rights and Obligations	2
	Section 2.4.	Power of Attorney	3
	Section 2.5.	Access to Issuer Records	3
	Section 2.6.	Review of Administrator's Records	3
	Section 2.7.	Updating List of Responsible Persons	3
	Section 2.8.	Administrator's Fees and Expenses	3
	 	 	 
	ARTICLE III ADMINISTRATOR	3
	Section 3.1.	Administrator's Representations and Warranties	3
	Section 3.2.	Liability of Administrator	4
	Section 3.3.	Indemnities	5
	Section 3.4.	Resignation and Removal of Administrator	6
	Section 3.5.	Successor Administrator	7
	Section 3.6.	Merger, Consolidation, Succession or Assignment	7
	 	 	 
	ARTICLE IV OTHER AGREEMENTS	7
	Section 4.1.	Independence of Administrator; No Joint Venture	7
	Section 4.2.	Transactions with Affiliates; Other Transactions	8
	Section 4.3.	Ford Credit in Other Capacities	8
	Section 4.4.	No Petition	8
	Section 4.5.	Limitation of Liability of Owner Trustee and Indenture Trustee	8
	Section 4.6.	Termination	8
	 	 	 
	ARTICLE V MISCELLANEOUS	9
	Section 5.1.	Amendments	9
	Section 5.2.	Assignment; Benefit of Agreement; Third-Party Beneficiary	9
	Section 5.3.	Notices	9
	Section 5.4.	GOVERNING LAW	10
	Section 5.5.	Submission to Jurisdiction	10
	Section 5.6.	WAIVER OF JURY TRIAL	10
	Section 5.7.	No Waiver; Remedies	10
	Section 5.8.	Severability	10
	Section 5.9.	Headings	10
	Section 5.10.	Counterparts	10

 

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ADMINISTRATION AGREEMENT, dated as of __________,
20__ (this "Agreement"), between FORD CREDIT AUTO LEASE TRUST 20__-__, a Delaware statutory trust, as Issuer, and FORD
MOTOR CREDIT COMPANY LLC, a Delaware limited liability company, as Administrator.

 

BACKGROUND

 

Ford Credit is the sponsor of a securitization transaction
in which the Issuer was formed under the Trust Agreement and will issue the Notes under the Indenture.

 

The Issuer and the Owner Trustee have obligations
under the Transaction Documents and intend that Ford Credit administer the activities of the Issuer and perform certain obligations of
the Issuer and the Owner Trustee under the Transaction Documents.

 

The parties agree as follows:

 

ARTICLE I

USAGE AND DEFINITIONS

 

Section 1.1.     Usage
and Definitions. Capitalized terms used but not defined in this Agreement are defined in Appendix 1 to the 20__-__ Exchange Note
Supplement, dated as of __________, 20__ (the "Exchange Note Supplement"), to the Fourth Amended and Restated Credit
and Security Agreement, dated as of July 22, 2005, as amended and restated as of June 4, 2021 (the "Credit and Security
Agreement"), among the CAB East LLC and CAB West LLC, as Borrowers, U.S. Bank National Association, as Administrative Agent,
HTD Leasing LLC, as Collateral Agent, and Ford Motor Credit Company LLC, as Lender and Servicer, or in Appendix A to the Credit and Security
Agreement. Appendix 1 and Appendix A also contain usage rules that apply to this Agreement. Appendix 1 and Appendix A are incorporated
by reference into this Agreement.

 

ARTICLE II

ADMINISTRATION OF ISSUER

 

Section 2.1.     Engagement
of Administrator. The Issuer and the Owner Trustee engage the Administrator to perform the obligations of the Issuer and the Owner
Trustee under the Transaction Documents as described in this Agreement, and the Administrator accepts the engagement.

 

Section 2.2.     Administrator's
Rights and Obligations.

 

(a)            Rights
and Obligations under Transaction Documents. The Administrator will perform the obligations of the Issuer and the Owner Trustee (in
its capacity as owner trustee under the Trust Agreement) and take all action that the Issuer is required to take under the Transaction
Documents, except for the Issuer's obligations to make payments on the Notes. In addition, the Administrator will perform the obligations
of, and may exercise any rights given to, the Administrator in the Transaction Documents as if it were a party to the Transaction Documents
in its capacity as Administrator.

 

    

    

    

 

(b)            Consulting
and Monitoring. The Administrator will consult with the Owner Trustee about performing the Issuer's obligations under the Transaction
Documents. The Administrator will monitor the Issuer's performance and will advise the Owner Trustee when action is necessary to perform
the Issuer's obligations under the Transaction Documents and to comply with the Transaction Documents.

 

(c)            Preparing
and Executing Documents. The Administrator will prepare, or cause to be prepared, all documents that the Issuer is required to prepare,
file or deliver under the Transaction Documents. The Administrator will cause the documents to be executed by the Issuer or may execute
the documents as Administrator on behalf of the Issuer. On execution of the documents by the Issuer or by the Administrator on behalf
of the Issuer, the Administrator will file or deliver the documents as required by the Transaction Documents.

 

(d)            Notices
to Rating Agencies. If Ford Credit is the Administrator, the Administrator will prepare and give all notices to the Rating Agencies
required to be given by the Issuer or the Administrator under the Transaction Documents, including notice of an Event of Default under
Section 3.15 of the Indenture and a Reference Pool Servicer Termination Event under Section 3.6(c) of the Indenture. If
Ford Credit is no longer the Administrator, the Administrator will prepare and provide any Rating Agency notices to the Sponsor and will
direct the Sponsor to give them to the Rating Agencies.

 

(e)            Payment
of Fees and Expenses. The Administrator may, on behalf of the Issuer, pay fees and expenses of the Indenture Trustee, the Owner Trustee,
the Delaware Trustee and the Asset Representations Reviewer under the Transaction Documents.

 

Section 2.3.     Limits
on Administrator's Rights and Obligations.

 

(a)            Non-Ministerial
Matters. The Administrator will not take any action relating to a matter that, in its reasonable judgment, is a non-ministerial matter
unless, at least 30 days before taking the action, the Administrator has notified the Issuer of the proposed action and the Issuer has
not directed the Administrator not to take the action and/or provided an alternative direction before the 30th day after receipt of the
notice. For purposes of this Agreement, "non-ministerial matters" includes:

 

(i)       starting
or pursuing any proceeding by the Issuer and the settlement of any proceeding brought by or against the Issuer; and

 

(ii)       appointing
or engaging a successor Indenture Trustee under the Indenture or consenting to the assignment by the Indenture Trustee of its obligations
under the Indenture.

 

(b)            Prohibited
Actions. The Administrator will not be obligated to, and will not (i) make any payments to the Noteholders under the Transaction
Documents, (ii) sell the Collateral under Section 5.6 of the Indenture or (iii) take any other action that the Owner Trustee
or the Indenture Trustee directs the Administrator not to take on its behalf or that would result in a breach by the Issuer under a Transaction
Document.

 

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(c)            Obligations
to be Performed by Owner Trustee. The Administrator will have no responsibility or obligation to perform the obligations of the Owner
Trustee relating to reallocation demands under Section 5.13 of the Trust Agreement or relating to Regulation AB disclosure under
Section 6.7 of the Trust Agreement.

 

Section 2.4.     Power
of Attorney. The Issuer appoints the Administrator as the Issuer's attorney-in-fact, with full power of substitution to exercise
all rights of the Issuer under the Transaction Documents. This power of attorney, and all authority given, under this Section 2.4
is revocable and is given solely to facilitate the performance of the Administrator's obligations under this Agreement and may only be
used by the Administrator consistent with this Agreement. On request of the Administrator, the Issuer will furnish the Administrator
with written powers of attorney and other documents to enable the Administrator to perform its obligations under this Agreement.

 

Section 2.5.     Access
to Issuer Records. On reasonable request, the Issuer will provide the Administrator with access, during normal business hours, to
the Issuer's records and documents, but only to the extent required by the Administrator to perform its obligations under this Agreement.
Any access will be subject to the Issuer's confidentiality and privacy policies.

 

Section 2.6.     Review
of Administrator's Records. The Administrator will maintain records and documents relating to its performance under this Agreement
according to its customary business practices. On reasonable request not more than once during any year, the Administrator will give
the Issuer, the Depositor, the Owner Trustee and the Indenture Trustee (or their representatives) access to the records and documents
to conduct a review of the Administrator's performance under this Agreement. Any access or review will be conducted at the Administrator's
offices during its normal business hours at a time reasonably convenient to the Administrator and in a manner that will minimize disruption
to its business operations. Any access or review will be subject to the Administrator's confidentiality and privacy policies.

 

Section 2.7.     Updating
List of Responsible Persons. On or before the Closing Date, the Administrator will notify the Owner Trustee, the Delaware Trustee,
the Indenture Trustee, the Titling Companies, the Servicer, the Holding Companies and the Depositor of each Person who is a Responsible
Person for the Administrator. The Administrator may change such Persons by notifying the Owner Trustee, the Delaware Trustee, the Indenture
Trustee, the Titling Companies, the Servicer, the Holding Companies and the Depositor.

 

Section 2.8.     Administrator's
Fees and Expenses. The Depositor will pay the Administrator as compensation for performing its obligations under this Agreement a
fee separately agreed to by the Depositor and the Administrator. The Administrator will be responsible for its costs and expenses in
performing its obligations under this Agreement.

 

ARTICLE III

ADMINISTRATOR

 

Section 3.1.     Administrator's
Representations and Warranties. The Administrator represents and warrants to the Issuer, the Owner Trustee and the Indenture Trustee
as of the Closing Date:

 

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(a)            Organization
and Qualification. The Administrator is duly organized and validly existing as a limited liability company in good standing under
the laws of the State of Delaware. The Administrator is qualified as a foreign limited liability company in good standing and has obtained
all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its properties or the conduct of its activities
requires qualification, license or approval, unless the failure to obtain the qualifications, licenses or approvals would not reasonably
be expected to have a material adverse effect on the Administrator's ability to perform its obligations under this Agreement.

 

(b)            Power,
Authority and Enforceability. The Administrator has the power and authority to execute, deliver and perform its obligations under
this Agreement. The Administrator has authorized the execution, delivery and performance of this Agreement. This Agreement is the legal,
valid and binding obligation of the Administrator, enforceable against the Administrator, except as may be limited by insolvency, bankruptcy,
reorganization or other similar laws relating to the enforcement of creditors' rights or by general equitable principles.

 

(c)            No
Conflicts and No Violation. The completion of the transactions under this Agreement, and the performance of its obligations under
this Agreement, will not (i) conflict with, or be a breach or default under, any indenture, mortgage, deed of trust, loan agreement,
guarantee or similar document under which the Administrator is a debtor or guarantor, (ii) result in the creation or imposition
of a Lien on the Administrator's properties or assets under the terms of any indenture, mortgage, deed of trust, loan agreement, guarantee
or similar document, (iii) violate the Administrator's certificate of formation or limited liability company agreement or (iv) violate
a law or, to the Administrator's knowledge, an order, rule or regulation of a federal or State court, regulatory body, administrative
agency or other governmental instrumentality having jurisdiction over the Administrator or its properties that applies to the Administrator,
which, in each case, would reasonably be expected to have a material adverse effect on the Administrator's ability to perform its obligations
under this Agreement.

 

(d)            No
Proceedings. To the Administrator's knowledge, there are no proceedings or investigations pending or threatened in writing before
a federal or State court, regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Administrator
or its properties (i) asserting the invalidity of this Agreement, (ii) seeking to prevent the completion of the transactions
under this Agreement or (iii) seeking a determination or ruling that would reasonably be expected to have a material adverse effect
on the Administrator's ability to perform its obligations under, or the validity or enforceability of, this Agreement.

 

Section 3.2.     Liability
of Administrator.

 

(a)            Liability
for Specific Obligations. The Administrator will be liable only for its specific obligations under this Agreement. All other liability
is expressly waived and released as a condition of, and consideration for, the execution of this Agreement by the Administrator. The
Administrator will be liable for its willful misconduct, bad faith or negligence in performing its obligations under this Agreement.

 

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(b)            No
Liability of Others. The Administrator's obligations under this Agreement are corporate obligations. No Person will have recourse,
directly or indirectly, against any member, manager, officer, director, employee or agent of the Administrator for the Administrator's
obligations under this Agreement.

 

(c)            Legal
Proceedings. The Administrator is not required to start, pursue or participate in any legal proceeding that is not incidental to
its obligations under this Agreement and that in its opinion may result in liability or cause it to pay or risk funds or incur financial
liability. The Administrator may in its sole discretion start or pursue any legal proceeding to protect the interests of the Noteholders
or the Depositor under the Transaction Documents. The Administrator will be responsible for the fees and expenses of legal counsel and
any liability resulting from the legal proceeding.

 

(d)            Force
Majeure. The Administrator will not be responsible or liable for any failure or delay in performing its obligations under this Agreement
caused by, directly or indirectly, forces beyond its control, including strikes, work stoppages, acts of war, terrorism, civil or military
disturbances, fire, flood, earthquakes, storms, hurricanes or other natural disasters or failures of mechanical, electronic or communication
systems, pandemics or epidemics. The Administrator will use commercially reasonable efforts to resume performance as soon as practicable
in the circumstances.

 

(e)            Reliance
by Administrator. The Administrator may rely in good faith on the advice of counsel or on any document believed to be genuine and
to have been executed by the proper party for any matters under this Agreement.

 

Section 3.3.     Indemnities.

 

(a)            Indemnification.
The Administrator will indemnify the Indenture Trustee (in each of its capacities under the Transaction Documents, including as a "securities
intermediary" and a "bank" under the Account Control Agreement and the Titling Company Account Control Agreement), the
Owner Trustee, the Delaware Trustee and the Asset Representations Reviewer and their respective officers, directors, employees and agents
(each, an "Indemnified Person"), for all fees, expenses, losses, damages and liabilities resulting from the Indenture
Trustee, the Owner Trustee, the Delaware Trustee and the Asset Representations Reviewer entering into the Transaction Documents to which
it is a party and the exercise of their respective rights or performance of their respective obligations under the Transaction Documents
(including the fees and expenses of defending itself against any loss, damage or liability and any fees and expenses incurred in connection
with any proceedings brought by the Indemnified Person to enforce the Administrator's indemnification obligations), but excluding any
fee, expense, loss, damage or liability resulting from its willful misconduct, bad faith or negligence (other than errors in judgment)
or breach of their respective representations or warranties in the Transaction Documents.

 

(b)            Proceedings.
If an Indemnified Person receives notice of a proceeding against it, the Indemnified Person will, if a claim is to be made against the
Administrator under Section 3.3(a), promptly notify the Administrator of the proceeding. The Administrator may participate in and
assume the defense and settlement of a proceeding at its expense. If the Administrator

 

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notifies the Indemnified Person of its intention to assume the defense
of the proceeding with counsel reasonably satisfactory to the Indemnified Person, and so long as the Administrator assumes the defense
of the proceeding in a manner reasonably satisfactory to the Indemnified Person, the Administrator will not be liable for fees and expenses
of counsel to the Indemnified Person unless there is a conflict between the interests of the Administrator and the Indemnified Person.
If there is a conflict, the Administrator will pay the reasonable fees and expenses of separate counsel to the Indemnified Person. No
settlement of a proceeding may be made without the approval of the Administrator and the Indemnified Person, which approval will not
be unreasonably withheld.

 

(c)            Survival
of Obligations. The Administrator's obligations under this Section 3.3 will survive the resignation or removal of the Indenture
Trustee, the Owner Trustee, the Delaware Trustee or the Asset Representations Reviewer and the termination of this Agreement.

 

(d)            Repayment.
If the Administrator makes a payment to an Indemnified Person under this Section 3.3 and the Indemnified Person later collects from
others any amounts for which the payment was made, the Indemnified Person will promptly repay those amounts to the Administrator.

 

Section 3.4.     Resignation
and Removal of Administrator.

 

(a)            No
Resignation. Except as stated in Section 3.4(b), the Administrator will not resign as Administrator unless it determines it
is legally unable to perform its obligations under this Agreement. The Administrator will notify the Issuer and the Owner Trustee of
its resignation and deliver an Opinion of Counsel supporting its determination.

 

(b)            Mandatory
Resignation. On the appointment or engagement of a successor Servicer under the Servicing Agreement (other than the Indenture Trustee),
the Administrator will immediately resign and the successor Servicer will automatically become the successor Administrator.

 

(c)            Removal.
If any of the following events occurs and is continuing, the Owner Trustee, with the consent of the Noteholders of a majority of the
Note Balance of the Controlling Class (or if no Notes are Outstanding, with the consent of the holder of the Residual Interest),
may remove the Administrator and terminate its rights and obligations under this Agreement by notifying the Administrator:

 

(i)            the
Administrator fails to perform in any material respect its obligations under this Agreement, which failure continues for 90 days after
the Administrator receives notice of the failure from the Owner Trustee, the Indenture Trustee or the Noteholders of at least 25% of
the Note Balance of the Controlling Class; or

 

(ii)            an
Insolvency Event of the Administrator occurs.

 

(d)            Notice
of Resignation or Removal. The Issuer will notify the Depositor and the Indenture Trustee of any resignation or removal of the Administrator.

 

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(e)            Continue
to Perform. No resignation or removal of the Administrator will be effective, and the Administrator will continue to perform its
obligations under this Agreement, until a successor Administrator has accepted its engagement according to Section 3.5(b).

 

Section 3.5.     Successor
Administrator.

 

(a)            Engagement
of Successor Administrator. Following the resignation or removal of the Administrator, the Issuer, at the direction of the Noteholders
of a majority of the Note Balance of the Controlling Class (or if no Notes are Outstanding, at the direction of the holder of the
Residual Interest), will engage a successor Administrator. No additional Noteholder direction is required if the successor Administrator
is the successor Servicer (other than the Indenture Trustee). If the Issuer does not receive Noteholder direction within a reasonable
period of time, the Issuer may engage a successor Administrator.

 

(b)            Effectiveness
of Resignation of Removal. No resignation or removal of the Administrator will be effective until (i) the successor Administrator
has executed and delivered to the Issuer an agreement accepting its engagement and agreeing to perform the obligations of the Administrator
under this Agreement or a new administration agreement on substantially the same terms as this Agreement, in a form acceptable to the
Issuer, and (ii) the Rating Agency Condition is satisfied.

 

(c)            Notice
of Successor Administrator. The Issuer will notify the Depositor and the Indenture Trustee of the engagement of a successor Administrator.

 

(d)            Transition
to Successor Administrator. If the Administrator resigns or is removed, the Administrator will cooperate with the Issuer and take
all actions reasonably requested to assist the Issuer in making an orderly transition of the Administrator's obligations to the successor
Administrator.

 

Section 3.6.     Merger,
Consolidation, Succession or Assignment. Any Person (a) into which the Administrator is merged or consolidated, (b) resulting
from a merger or consolidation to which the Administrator is a party, (c) succeeding to the Administrator's business or (d) that
is an Affiliate of the Administrator to whom the Administrator has assigned this Agreement, will be the successor to the Administrator
under this Agreement. Such Person will execute and deliver to the Issuer, the Owner Trustee and the Indenture Trustee an agreement to
assume the Administrator's obligations under this Agreement (unless the assumption happens by operation of law).

 

ARTICLE IV

OTHER AGREEMENTS

 

Section 4.1.     Independence
of Administrator; No Joint Venture. The Administrator will be an independent contractor and will not be subject to the supervision
of the Issuer or the Owner Trustee for the manner in which it performs its obligations under this Agreement. Except as expressly authorized
by the Transaction Documents, the Administrator will have no authority to act for or represent the Issuer or the Owner Trustee and will
not be considered an agent of the Issuer or the Owner Trustee. This Agreement will not make the Administrator and the Issuer or

 

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the Owner Trustee members of a partnership, joint venture or other entity
or impose any liability as such on any of them.

 

Section 4.2.     Transactions
with Affiliates; Other Transactions. In performing its obligations under this Agreement, the Administrator may enter into transactions
or deal with any of its Affiliates. This Agreement will not prevent the Administrator or its Affiliates from engaging in other businesses
or from acting in a similar capacity as an administrator for any other Person even though that Person may engage in activities similar
to those of the Issuer.

 

Section 4.3.     Ford
Credit in Other Capacities. This Agreement will not affect or limit any right or obligation Ford Credit may have in any other capacity.

 

Section 4.4.     No
Petition. Each party agrees that, before the date that is one year and one day (or, if longer,
any applicable preference period) after the payment in full of (a) all Secured Obligations, including all Exchange Notes, and any
other Securities, (b) all securities issued by the Depositor or by a trust for which the Depositor was depositor or (c) the
Notes, it will not start or pursue against, or join any other Person in starting or pursuing against, (i) either Titling Company
or either Holding Company, (ii) the Depositor or (iii) the Issuer, respectively, any bankruptcy, reorganization, arrangement,
insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar law. This Section 4.4 will survive termination
of this Agreement.

 

Section 4.5.     Limitation
of Liability of Owner Trustee and Indenture Trustee.

 

(a)            Owner
Trustee. This Agreement has been executed on behalf of the Issuer by _____________________ not in its individual capacity but solely
in its capacity as Owner Trustee of the Issuer, and in no event will _____________________ in its individual capacity or a holder of
a beneficial interest in the Issuer be liable for the Issuer's obligations under this Agreement. For all purposes under this Agreement,
the Owner Trustee will be subject to, and entitled to the benefits of, the Trust Agreement. Neither the Issuer nor the Owner Trustee
will have any liability for any act or failure to act of the Administrator, including any action taken under a power of attorney given
under this Agreement.

 

(b)            Indenture
Trustee. In performing its obligations under this Agreement, the Indenture Trustee is subject to, and entitled to the benefits of,
the Indenture. The Indenture Trustee will not have any liability for any act or failure to act of the Administrator.

 

Section 4.6.     Termination.
This Agreement will terminate when the Issuer is terminated under the Trust Agreement.

 

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ARTICLE V

MISCELLANEOUS

 

Section 5.1.     Amendments.

 

(a)            Amendments.
The parties may amend this Agreement:

 

(i)             to
clarify an ambiguity, correct an error or correct or supplement any term of this Agreement that may be defective or inconsistent with
the other terms of this Agreement [or any prospectus or offering memorandum related to the Notes] or to provide for, or facilitate the
acceptance of this Agreement by, a successor Administrator, in each case, without the consent of the Noteholders or any other Person;

 

(ii)            to
add, change or eliminate terms of this Agreement, in each case without the consent of the Noteholders or any other Person, if the Administrator
delivers an Officer's Certificate to the Issuer, the Owner Trustee and the Indenture Trustee stating that the amendment will not have
a material adverse effect on the Noteholders; or

 

(iii)           to
add, change or eliminate terms of this Agreement for which an Officer's Certificate is not or cannot be delivered under Section 5.1(a)(ii),
with the consent of the Noteholders of a majority of the Note Balance of each Class of Notes Outstanding (with each affected Class voting
separately, except that all Noteholders of Class A Notes will vote together as a single class).

 

(b)            Notice
of Amendments. The Administrator will notify the Rating Agencies in advance of any amendment. Promptly after the execution of an
amendment, the Administrator will deliver a copy of the amendment to the Rating Agencies.

 

Section 5.2.     Assignment;
Benefit of Agreement; Third-Party Beneficiary.

 

(a)            Assignment.
Except as stated in Section 3.6, this Agreement may not be assigned by the Administrator without the consent of the Issuer, the
Indenture Trustee and the Owner Trustee and satisfaction of the Rating Agency Condition.

 

(b)            Benefit
of Agreement; Third-Party Beneficiary. This Agreement is for the benefit of and will be binding on the parties to this Agreement
and their permitted successors and assigns. The Owner Trustee will be a third-party beneficiary of this Agreement and may enforce this
Agreement against the Administrator. No other Person will have any right or obligation under this Agreement.

 

Section 5.3.     Notices.

 

(a)            Notices
to Parties. All notices, requests, directions, consents, waivers or other communications to or from the parties must be in writing
and will be considered received by the recipient:

 

(i)            for
overnight mail, on delivery or, for registered first class mail, postage prepaid, three days after deposit in the mail properly addressed
to the recipient;

 

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(ii)           for
a fax, when receipt is confirmed by telephone, reply email or reply fax from the recipient;

 

(iii)          for
an email, when receipt is confirmed by telephone or reply email from the recipient; and

 

(iv)          for
an electronic posting to a password-protected website to which the recipient has access, on delivery of an email (without the requirement
of confirmation of receipt) stating that the electronic posting has been made.

 

(b)            Notice
Addresses. A notice, request, direction, consent, waiver or other communication must be addressed to the recipient at its address
stated in Schedule A to the Indenture, which address the party may change by notifying the other party.

 

Section 5.4.     GOVERNING
LAW. THIS AGREEMENT WILL BE GOVERNED BY AND CONSTRUED ACCORDING TO THE LAWS OF THE STATE OF NEW YORK.

 

Section 5.5.     Submission
to Jurisdiction. Each party submits to the nonexclusive jurisdiction of the United States District Court for the Southern District
of New York and of any New York State Court sitting in New York, New York for legal proceedings relating to this Agreement. Each party
irrevocably waives, to the fullest extent permitted by law, any objection that it may now or in the future have to the venue of a proceeding
brought in such a court and any claim that the proceeding was brought in an inconvenient forum.

 

Section 5.6.     WAIVER
OF JURY TRIAL. EACH PARTY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, THE RIGHT TO TRIAL BY JURY IN LEGAL PROCEEDINGS
RELATING TO THIS AGREEMENT.

 

Section 5.7.     No
Waiver; Remedies. No party's failure or delay in exercising a power, right or remedy under this Agreement will operate as a waiver.
No single or partial exercise of a power, right or remedy will preclude any other or further exercise of the power, right or remedy or
the exercise of any other power, right or remedy. The powers, rights and remedies under this Agreement are in addition to any powers,
rights and remedies under law.

 

Section 5.8.     Severability.
If a part of this Agreement is held invalid, illegal or unenforceable, then it will be deemed severable from the remaining Agreement
and will not affect the validity, legality or enforceability of the remaining Agreement.

 

Section 5.9.     Headings.
The headings in this Agreement are included for convenience and will not affect the meaning or interpretation of this Agreement.

 

Section 5.10.  Counterparts.
This Agreement may be executed in multiple counterparts. Each counterpart will be an original and all counterparts will together be one
document.

 

[Remainder of Page Left Blank]

 

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EXECUTED BY:

 

	 	FORD CREDIT AUTO LEASE TRUST 20__-__,
	 	as Issuer
	 	 	 
		By:	           	,
	 	 	not in its individual capacity but solely as Owner Trustee
	 	 	 
	 	 	 
		By:	        
	 	 	Name:
	 	 	Title:
	 	 	 	 
	 	 	
	 	FORD MOTOR CREDIT COMPANY LLC,
	 	as Administrator
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

 

AGREED AND ACCEPTED BY:

 

FORD CREDIT AUTO LEASE TWO LLC,

as Depositor

 

 

	By:	        	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	,
	 	not in its individual capacity but

solely as Indenture Trustee	 
	 	 	 
	 	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 

 

[Signature Page to
Administration Agreement]EXHIBIT 10.8

 

 

 

 

ACCOUNT CONTROL AGREEMENT

 

 

among

 

 

FORD CREDIT AUTO LEASE TRUST 20__-__,

as Grantor

 

 

_____________________,

as Secured Party

 

 

and

 

 

_____________________,

as Financial Institution

 

 

Dated as of __________, 20__

 

 

 

 

    

     

    

 

TABLE OF CONTENTS

 

	ARTICLE I USAGE AND DEFINITIONS	 	1
	Section 1.1.	 	Usage and Definitions	 	1
	ARTICLE II ESTABLISHMENT OF COLLATERAL ACCOUNT	 	1
	Section 2.1.	 	Description of Account	 	1
	Section 2.2.	 	Account Changes	 	1
	Section 2.3.	 	Account Types	 	2
	Section 2.4.	 	Securities Accounts	 	2
	ARTICLE III SECURED PARTY CONTROL	 	2
	Section 3.1.	 	Control of Collateral Account	 	2
	Section 3.2.	 	Investment Instructions	 	2
	Section 3.3.	 	Conflicting Orders or Instructions	 	2
	ARTICLE IV SUBORDINATION OF LIEN; WAIVER OF SET-OFF	3
	Section 4.1.	 	Subordination	 	3
	Section 4.2.	 	Set-off and Recoupment	 	3
	ARTICLE V REPRESENTATIONS, WARRANTIES AND COVENANTS	 	3
	Section 5.1.	 	Financial Institution's Representations and Warranties	 	3
	Section 5.2.	 	Financial Institution's Covenants	 	3
	ARTICLE VI OTHER AGREEMENTS	 	4
	Section 6.1.	 	Location of Financial Institution	 	4
	Section 6.2.	 	Reliance by Financial Institution	 	4
	Section 6.3.	 	Termination and Replacement of Financial Institution	 	4
	Section 6.4.	 	No Petition	 	4
	Section 6.5.	 	Limitation of Liability	 	5
	Section 6.6.	 	Conflict With Other Agreement	 	5
	Section 6.7.	 	Termination	 	5
	ARTICLE VII MISCELLANEOUS	 	5
	Section 7.1.	 	Amendment	 	5
	Section 7.2.	 	Benefit of Agreement	 	6
	Section 7.3.	 	Notices	 	6
	Section 7.4.	 	GOVERNING LAW	 	6
	Section 7.5.	 	Submission to Jurisdiction	 	6
	Section 7.6.	 	WAIVER OF JURY TRIAL	 	7
	Section 7.7.	 	No Waiver; Remedies	 	7
	Section 7.8.	 	Severability	 	7
	Section 7.9.	 	Headings	 	7
	Section 7.10.	 	Counterparts	 	7

 

    i

     

    

 

ACCOUNT CONTROL AGREEMENT, dated as of __________,
20__ (this "Agreement"), among FORD CREDIT AUTO LEASE TRUST 20__-__, a Delaware statutory trust, as grantor (the "Grantor"),
______________, a ______________, not in its individual capacity but solely as Indenture Trustee for the benefit of the Noteholders (in
this capacity, the "Secured Party"), and _____________, a ____________, in its capacity as both a "securities
intermediary" as defined in Section 8-102 of the UCC and a "bank" as defined in Section 9-102 of the UCC (in
these capacities, the "Financial Institution").

 

BACKGROUND

 

The Grantor is engaging in a securitization transaction
in which it will issue the Notes under an Indenture and the Secured Party will hold funds in bank accounts for the benefit of the Noteholders.

 

The parties are entering into this Agreement to perfect
the security interest in the bank accounts.

 

The parties agree as follows:

 

ARTICLE I

USAGE AND DEFINITIONS

 

Section 1.1.        Usage
and Definitions. Capitalized terms used but not defined in this Agreement are defined in Appendix 1 to the 20__-__ Exchange Note
Supplement, dated as of __________, 20__ (the "Exchange Note Supplement"), to the Fourth Amended and Restated Credit
and Security Agreement, dated as of July 22, 2005, as amended and restated as of June 4, 2021 (the "Credit and Security
Agreement"), among the CAB East LLC and CAB West LLC, as Borrowers, U.S. Bank National Association, as Administrative Agent,
HTD Leasing LLC, as Collateral Agent, and Ford Motor Credit Company LLC, as Lender and Servicer, or in Appendix A to the Credit and Security
Agreement. Appendix 1 and Appendix A also contain usage rules that apply to this Agreement. Appendix 1 and Appendix A are incorporated
by reference into this Agreement. References to the "UCC" mean the Uniform Commercial Code as in effect in the State
of New York.

 

ARTICLE II

ESTABLISHMENT OF COLLATERAL ACCOUNT

 

Section 2.1.        Description
of Account. The Financial Institution has established the following account (the "Collateral Account"):

 

"Collection Account
 – _______________ as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 20__-__" with account number ________.

 

Section 2.2.        Account
Changes. Neither the Financial Institution nor the Grantor will change the name or account number of the Collateral Account without
the consent of the Secured Party. The Financial Institution will promptly notify the Servicer of any changes. This Agreement will apply
to each successor account to the Collateral Account, which will also be a Collateral Account.

 

    

     

    

 

Section 2.3.        Account
Types. The Financial Institution agrees that the Collateral Account is, and will be maintained as, either a "securities account"
(as defined in Section 8-501 of the UCC) or a "deposit account" (as defined in Section 9-102(a)(29) of the UCC).

 

Section 2.4.        Securities
Accounts. If the Collateral Account is a securities account, the Financial Institution agrees that:

 

(a)          Financial Assets.
It will promptly credit each item of property (whether cash, investment property, security, instrument or other financial asset) delivered
to the Financial Institution under the Indenture to the Collateral Account and treat each item of property as a "financial asset"
(within the meaning of Section 8-102(a)(9) of the UCC); and

 

(b)         Registration and
Indorsement. It will ensure that all financial assets (other than cash) credited to the Collateral Account are registered in the
name of the Financial Institution, indorsed to the Financial Institution or in blank or credited to another securities account maintained
in the name of the Financial Institution and that no financial asset credited to the Collateral Account is registered in the name of
the Grantor, payable to the order of the Grantor or specially indorsed to the Grantor unless it has been indorsed to the Financial Institution
or in blank.

 

ARTICLE III

SECURED PARTY CONTROL

 

Section 3.1.        Control
of Collateral Account. To establish "control" of the Collateral Account by the Secured Party under Sections 9-104 and 9-106
of the UCC, the Financial Institution agrees to comply with any order or instruction from the Secured Party directing the deposit, withdrawal,
transfer or redemption of the cash or other financial assets credited to the Collateral Account (a "Secured Party Order")
without the need for consent by the Grantor or any other Person.

 

Section 3.2.        Investment
Instructions. If (a) the Financial Institution has not received a Secured Party Order for the investment of funds in the Collateral
Account by 11:00 a.m. New York time (or another time agreed to by the Financial Institution) on the Business Day before a Payment
Date or (b) the Financial Institution receives notice from the Indenture Trustee that a Default or Event of Default has occurred
and is continuing, the Financial Institution will invest and reinvest funds in the Collateral Account according to the last investment
instruction received, if any. If no prior investment instructions have been received or if the instructed investments are no longer available
or permitted, the Indenture Trustee will notify the Servicer and request new investment instructions, and the funds will remain uninvested
until new investment instructions are received.

 

Section 3.3.        Conflicting
Orders or Instructions. If the Financial Institution receives conflicting orders or instructions from the Secured Party and the Grantor
or any other Person, the Financial Institution will follow the orders or instructions of the Secured Party and not the Grantor or such
other Person.

 

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ARTICLE IV

SUBORDINATION OF LIEN; WAIVER OF SET-OFF

 

Section 4.1.        Subordination.
If the Financial Institution has, or later obtains, a security interest in the Collateral Account (or any portion of a Collateral Account),
the Financial Institution agrees that the security interest will be subordinate to the security interest of the Secured Party.

 

Section 4.2.        Set-off
and Recoupment. The cash, investment property, security, instrument or other financial assets credited to the Collateral Account will
not be subject to deduction, set-off, recoupment, banker's lien, or other right in favor of a Person other than the Secured Party. However,
the Financial Institution may set off (a) the customary fees and expenses for the routine maintenance and operation of the Collateral
Account due to the Financial Institution, (b) the face amount of checks credited to the Collateral Account but subsequently returned
unpaid due to uncollected or insufficient funds and (c) advances made to settle an investment of funds in the Collateral Account.

 

ARTICLE V

REPRESENTATIONS, WARRANTIES AND COVENANTS

 

Section 5.1.        Financial
Institution's Representations and Warranties. The Financial Institution represents and warrants to the Grantor and the Secured Party
as follows:

 

(a)       Enforceability.
This Agreement is the legal, valid and binding obligation of the Financial Institution.

 

(b)        No
Agreements with Grantor. There are no agreements between the Financial Institution and the Grantor relating to the Collateral Account
other than this Agreement, the Indenture and the other Transaction Documents.

 

(c)        No
Other Agreements. The Financial Institution has not entered into an agreement relating to the Collateral Account in which it has agreed
to comply with "entitlement orders" (as defined in Section 8-102(a)(8) of the UCC) or "instructions" (within
the meaning of Section 9-104 of the UCC) of any Person other than the Secured Party.

 

(d)        No
Limitations. The Financial Institution has not entered into an agreement limiting or conditioning the Financial Institution's obligation
to comply with any Secured Party Order.

 

(e)        No
Liens. Except for the claims and interests of the Secured Party and the Grantor, the Financial Institution does not know of a lien
on, or claim to, or interest in, the Collateral Account or in the cash or other financial assets credited to the Collateral Account.

 

Section 5.2.        Financial
Institution's Covenants.

 

(a)        Statements,
Confirmations and Other Correspondence. The Financial Institution will promptly deliver copies of statements, confirmations and correspondence
about the

 

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Collateral Account and the cash or other financial assets credited to the
Collateral Account to the Grantor and the Secured Party.

 

(b)        Notice
of Claim. If a Person asserts a lien, encumbrance or claim against the Collateral Account (or in the cash or other financial assets
credited to the Collateral Account), the Financial Institution will promptly notify the Secured Party.

 

(c)        Negative
Covenants. Until the termination of this Agreement, the Financial Institution will not enter into (i) an agreement relating to
the Collateral Account in which it agrees to comply with entitlement orders or instructions of any Person other than the Secured Party
or (ii) an agreement limiting or conditioning the Financial Institution's obligation to comply with Secured Party Orders.

 

ARTICLE VI

OTHER AGREEMENTS

 

Section 6.1.        Location
of Financial Institution. For purposes of the UCC, New York will be the location of (i) the bank for purposes of Sections 9-301,
9-304 and 9-305 of the UCC and (ii) the securities intermediary for purposes of Sections 9-301 and 9-305 and Section 8-110
of the UCC.

 

Section 6.2.        Reliance
by Financial Institution. The Financial Institution is not obligated to investigate or inquire whether the Secured Party may deliver
a Secured Party Order. The Financial Institution may rely on communications (including Secured Party Orders) believed by it in good faith
to be genuine and given by the proper party.

 

Section 6.3.        Termination
and Replacement of Financial Institution. The Financial Institution may terminate its rights and obligations under this Agreement
if the Secured Party resigns or is removed as Indenture Trustee under the Indenture. The Grantor may terminate the rights and obligations
of the Financial Institution if the Financial Institution ceases to be a Qualified Institution. No termination of the Financial Institution
will be effective until a new Collateral Account is established with, and the cash and other financial assets credited to the Collateral
Account are transferred to, another securities intermediary who has agreed to accept the obligations of the Financial Institution under
this Agreement or a similar agreement.

 

Section 6.4.        No
Petition. Each party agrees that, before the date that is one year and one day (or, if longer, any applicable preference period) after
the payment in full of (a) all Secured Obligations, including all Exchange Notes, and any other Securities, (b) all securities
issued by the Depositor or by a trust for which the Depositor was a depositor or (c) the Notes, it will not start or pursue against,
or join any other Person in starting or pursuing against, (i) either Titling Company or either Holding Company, (ii) the Depositor
or (iii) the Issuer, respectively, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings
under any bankruptcy or similar law. This Section 6.4 will survive the termination of this Agreement.

 

    4

     

    

 

Section 6.5.        Limitation
of Liability.

 

(a)        Financial
Institution. The Financial Institution will not be liable under this Agreement, except for (i) its own willful misconduct, bad
faith or negligence or (ii) breach of its representations and warranties in this Agreement. The Financial Institution will not be
liable for special, indirect or consequential losses or damages (including lost profit), even if the Financial Institution has been advised
of the likelihood of the loss or damage and regardless of the form of action.

 

(b)        Secured
Party. In performing its obligations under this Agreement, the Secured Party is subject to, and entitled to the benefits of, the terms
of the Indenture that apply to the Indenture Trustee.

 

(c)        Owner
Trustee. This Agreement has been signed on behalf of the Grantor by _____________________, not in its individual capacity, but solely
in its capacity as Owner Trustee of the Grantor. In no event will _____________________ in its individual capacity or a beneficial owner
of the Grantor be liable for the Grantor's obligations under this Agreement. For all purposes under this Agreement, the Owner Trustee
is subject to, and entitled to the benefits of, the Trust Agreement.

 

Section 6.6.        Conflict
With Other Agreement. If there is a conflict between this Agreement and any other agreement relating to the Collateral Account, this
Agreement will govern.

 

Section 6.7.        Termination.
This Agreement will terminate on the date the security interests of the Secured Party in the Collateral Account is terminated under the
Indenture and the Secured Party has notified the Financial Institution of the termination of the security interest. The termination of
this Agreement will not terminate the Collateral Account or change the obligations of the Financial Institution to the Grantor relating
to the Collateral Account.

 

ARTICLE VII

MISCELLANEOUS

 

Section 7.1.        Amendment.

 

(a)        Amendments.
The parties may amend this Agreement:

 

(i)            to
clarify an ambiguity, correct an error or correct or supplement any term of this Agreement that may be defective or inconsistent with
the other terms of this Agreement [or any prospectus or offering memorandum related to the Notes], in each case without the consent of
the Noteholders or any other Person;

 

(ii)           to
add, change or eliminate terms of this Agreement, in each case, without the consent of the Noteholders or any other Person, if the Administrator
delivers an Officer's Certificate to the Grantor, the Owner Trustee and the Indenture Trustee stating that the amendment will not have
a material adverse effect on the Noteholders; or

 

    5

     

    

 

(iii)          to
add, change or eliminate terms of this Agreement for which an Officer's Certificate is not or cannot be delivered under Section 7.1(a)(ii),
with the consent of the Noteholders of a majority of the Note Balance of each Class of Notes Outstanding (with each affected Class voting
separately, except that all Noteholders of Class A Notes will vote together as a single class).

 

(b)        Notice
of Amendments. The Administrator will notify the Rating Agencies in advance of any amendment. Promptly after the execution of an amendment,
the Administrator will deliver a copy of the amendment to the Rating Agencies.

 

Section 7.2.        Benefit
of Agreement. This Agreement is for the benefit of and will be binding on the parties and their permitted successors and assigns.
No other Person will have any right or obligation under this Agreement.

 

Section 7.3.        Notices.

 

(a)        Notices
to Parties. Notices, requests, directions, consents, waivers or other communications to or from the parties must be in writing and
will be considered received by the recipient:

 

(i)            for
overnight mail, on delivery or, for registered first class mail, postage prepaid, three days after deposit in the mail properly addressed
to the recipient;

 

(ii)           for
a fax, when receipt is confirmed by telephone, reply email or reply fax from the recipient;

 

(iii)         for
an email, when receipt is confirmed by telephone or reply email from the recipient; and

 

(iv)         for
an electronic posting to a password-protected website to which the recipient has access, on delivery of an email (without the requirement
of confirmation of receipt) stating that the electronic posting has been made.

 

(b)       Notice
Addresses. A notice, request, direction, consent, waiver or other communication must be addressed to the recipient at its address
stated in Schedule A to the Indenture, which address the party may change by notifying the other parties.

 

Section 7.4.        GOVERNING
LAW. THIS AGREEMENT AND THE COLLATERAL ACCOUNT WILL BE GOVERNED BY AND CONSTRUED ACCORDING TO THE LAWS OF THE STATE OF NEW YORK.

 

Section 7.5.        Submission
to Jurisdiction. Each party submits to the nonexclusive jurisdiction of the United States District Court for the Southern District
of New York and of any New York State Court sitting in New York, New York for legal proceedings relating to this Agreement. Each party
irrevocably waives, to the fullest extent permitted by law, any objection that it may now or in the future have to the venue of a proceeding
brought in such a court and any claim that the proceeding was brought in an inconvenient forum.

 

    6

     

    

 

Section 7.6.        WAIVER
OF JURY TRIAL. EACH PARTY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, THE RIGHT TO TRIAL BY JURY IN LEGAL PROCEEDINGS
RELATING TO THIS AGREEMENT.

 

Section 7.7.        No
Waiver; Remedies. No party's failure or delay in exercising a power, right or remedy under this Agreement will operate as a waiver.
No single or partial exercise of a power, right or remedy will preclude any other or further exercise of the power, right or remedy or
the exercise of any other power, right or remedy. The powers, rights and remedies under this Agreement are in addition to any powers,
rights and remedies under law.

 

Section 7.8.        Severability.
If a part of this Agreement is held invalid, illegal or unenforceable, then it will be deemed severable from the remaining Agreement and
will not affect the validity, legality or enforceability of the remaining Agreement.

 

Section 7.9.        Headings.
The headings in this Agreement are included for convenience and will not affect the meaning or interpretation of this Agreement.

 

Section 7.10.      Counterparts.
This Agreement may be executed in multiple counterparts. Each counterpart will be an original and all counterparts will together be one
document.

 

[Remainder of Page Left Blank]

 

    7

     

    

 

EXECUTED BY:

 

	 	FORD CREDIT AUTO LEASE TRUST 20__-__,

as Grantor
	 	 	 
		By:	_____________________, not in its individual capacity but solely as Owner Trustee of Ford Credit Auto Lease Trust 20__-__

 

 

	 	By:	 
	 	 	Name:
	 	 	Title:

 

 

	 	 	,
	 	 	 
	 	not in its individual capacity but solely as Indenture Trustee for the benefit of the Noteholders, as Secured Party

 

 

	 	By:	 
	 	 	Name:
	 	 	Title:

 

 

	 	 	,
	 	 	 
	 	as Financial Institution

 

 

	 	By:	 
	 	 	Name:
	 	 	Title:

 

 

[Signature
Page to Account Control Agreement]

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