EXHIBIT 10.3
FORD CREDIT AUTO RECEIVABLES TWO LLC
Exhibit 10.3
Execution Version
SALE AND SERVICING AGREEMENT
among
FORD CREDIT AUTO OWNER TRUST 2026-B, as Issuer,
FORD CREDIT AUTO RECEIVABLES TWO LLC, as Depositor
and
FORD MOTOR CREDIT COMPANY LLC, as Servicer
Dated as of June 1, 2026
TABLE OF CONTENTS
ARTICLE I USAGE AND DEFINITIONS
1
Section 1.1.
Usage and Definitions
1
ARTICLE II SALE AND PURCHASE OF SOLD PROPERTY; REPRESENTATIONS AND WARRANTIES
1
Section 2.1.
Sale of Sold Property
1
Section 2.2.
Acknowledgement of Further Assignments
1
Section 2.3.
Savings Clause
1
Section 2.4.
Depositor's Representations and Warranties About Sold Property
2
Section 2.5.
Depositor's Repurchase of Receivables for Breach of Representations
4
Section 2.6.
Dispute Resolution
5
ARTICLE III SERVICING OF RECEIVABLES
8
Section 3.1.
Engagement
8
Section 3.2.
Servicing of Receivables
8
Section 3.3.
Servicer's Purchase of Receivables
10
Section 3.4.
Sale of Charged-Off Receivables
11
Section 3.5.
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