SEC Contract Filing

Filing Date: 2023-04-03

Document Content:
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<TYPE>EX-10.5
<SEQUENCE>7
<FILENAME>tm239508d11_ex10-5.htm
<DESCRIPTION>EXHIBIT 10.5
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.5</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Execution Version&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">ACCOUNT CONTROL AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">among</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FORD CREDIT AUTO OWNER TRUST 2023-A,<BR>
as Grantor</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">THE BANK OF NEW YORK MELLON,<BR>
as Secured Party</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">THE BANK OF NEW YORK MELLON,<BR>
as Financial Institution</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Dated as of March 1, 2023</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">TABLE OF CONTENTS</P>

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 <TD COLSPAN="3"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARTICLE&#8239;I&#8239;USAGE&#8239;AND&#8239;DEFINITIONS</FONT> </TD>
 <TD STYLE="text-align: right">1</TD>
 </TR>
 <TR>
 <TD STYLE="width: 7%">&#8239;</TD>
 <TD STYLE="vertical-align: top; padding-left: 10.1pt; text-indent: -10.1pt; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;1.1.</FONT></TD>
 <TD STYLE="vertical-align: bottom; text-align: left; width: 73%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Usage and Definitions</FONT></TD>
 <TD STYLE="vertical-align: bottom; text-align: right; width: 10%">1</TD>
 </TR>
 <TR>
 <TD>&#8239;</TD>
 <TD STYLE="vertical-align: top; padding-left: 10.1pt; text-indent: -10.1pt">&#8239;</TD>
 <TD STYLE="vertical-align: bottom; text-align: left">&#8239;</TD>
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 <TD COLSPAN="3"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARTICLE&#8239;II ESTABLISHMENT OF COLLATERAL ACCOUNTS</FONT> </TD>
 <TD STYLE="vertical-align: bottom; text-align: right">1</TD>
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 <TR>
 <TD>&#8239;</TD>
 <TD STYLE="vertical-align: top; padding-left: 10.1pt; text-indent: -10.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;2.1.</FONT></TD>
 <TD STYLE="vertical-align: bottom; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Description of Accounts</FONT></TD>
 <TD STYLE="vertical-align: bottom; text-align: right">1</TD>
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 <TD>&#8239;</TD>
 <TD STYLE="vertical-align: top; padding-left: 10.1pt; text-indent: -10.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;2.2.</FONT></TD>
 <TD STYLE="vertical-align: bottom; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Account Changes</FONT></TD>
 <TD STYLE="vertical-align: bottom; text-align: right">1</TD>
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 <TD>&#8239;</TD>
 <TD STYLE="vertical-align: top; padding-left: 10.1pt; text-indent: -10.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&#8239;