Attached files
file | filename |
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EX-8.1 - EX-8.1 - Ford Credit Auto Lease Two LLC | a18-28056_12ex8d1.htm |
8-K - 8-K - Ford Credit Auto Lease Two LLC | a18-28056_128k.htm |
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575 Madison Avenue |
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New York, NY 10022-2585 |
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212.940.8800 tel |
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212.940.8776 fax |
September 21, 2018
Ford Credit Auto Lease Two LLC
c/o Ford Credit SPE Management Office
One American Road
Dearborn, Michigan 48126
Re: Ford Credit Auto Lease Trust 2018-B
Registration Statement on Form SF-3 File No. 333-208514
Ladies and Gentlemen:
We have acted as special counsel to Ford Credit Auto Lease Two LLC, a Delaware limited liability company (the Registrant), and Ford Credit Auto Lease Trust 2018-B, a Delaware statutory trust, as issuer (the Trust), in connection with the above-referenced Registration Statement (the Registration Statement), and with the issuance by the Trust on the date hereof of its Asset Backed Notes, Class A-1, Class A-2a, Class A-2b, Class A-3, Class A-4 and Class B (collectively, the Notes). The Trust is governed by an Amended and Restated Trust Agreement, dated as of September 1, 2018 (the Trust Agreement), among the Registrant, as depositor, The Bank of New York Mellon, as owner trustee (the Owner Trustee), and BNY Mellon Trust of Delaware, as Delaware trustee, and the Notes will be issued under and pursuant to the Indenture, dated as of September 1, 2018 (the Indenture), between the Trust and U.S. Bank National Association, as indenture trustee (the Indenture Trustee).
We generally are familiar with the proceedings taken or required to be taken in connection with the proposed authorization, issuance and sale of the Notes, and have made investigations of law and have examined and relied on the originals or copies certified or otherwise identified to our satisfaction of all the documents and records of the Registrant and the other instruments of the Registrant and other persons, as we have deemed appropriate as a basis for the opinions expressed below, including (a) the Registration Statement, (b) the Trust Agreement, the Indenture (including the form of Notes included as an exhibit to the Indenture), the Underwriting Agreement, dated September 18, 2018, among the Depositor, Ford Motor Credit Company LLC and the representatives of the several underwriters named therein, and the other transaction documents and forms of transaction documents attached as exhibits to the Registration Statement (collectively, the Agreements) and (c) the prospectus, dated September 18, 2018 (the Prospectus), relating to the offering of the Notes.
AUSTIN CENTURY CITY CHARLOTTE CHICAGO HOUSTON IRVING LOS ANGELES
NEW YORK ORANGE COUNTY SAN FRANCISCO BAY AREA SHANGHAI WASHINGTON, DC
LONDON: KATTEN MUCHIN ROSENMAN UK LLP
A limited liability partnership including professional corporations
Ford Credit Auto Lease Two LLC
September 21, 2018
We express no opinion except as to matters that are governed by federal law, the laws of the State of New York or the Delaware Limited Liability Company Act or the Delaware Statutory Trust Act. All opinions expressed below are based on laws, regulations and policy guidelines currently in force and may be affected by future regulations.
Subject to the qualifications stated above, we are of the opinion that, with respect to the Notes, when (a) the Indenture has been duly qualified under the Trust Indenture Act of 1939, as amended, (b) the Indenture has been duly authorized by all necessary action and duly executed and delivered by all necessary parties, and (c) the Notes have been duly executed and authenticated according to the provisions of the Indenture and issued and sold as contemplated in the Prospectus and the Agreements and delivered under Section 5 of the Securities Act of 1933, as amended (the Act), the Notes will have been duly authorized by all necessary action of the Trust and will be legally and validly issued, binding obligations of the Trust, fully paid and non-assessable, and the holders of the Notes will be entitled to the benefits of the Indenture, except as may be limited by bankruptcy, insolvency, reorganization, moratorium and other laws relating to or affecting creditors rights generally and to general principles of equity, regardless of whether such matters are considered in a proceeding in equity or at law.
We consent to the filing of this opinion by the Trust under Form 8-K in connection with the offering and sale of the Notes, and to references to this firm as counsel to the Registrant and the Trust in the Prospectus, without implying or admitting that we are experts within the meaning of the Act or the rules and regulations of the Commission issued under the Act, for any part of the Registration Statement, including this exhibit.
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Very truly yours, |
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/s/ Katten Muchin Rosenman LLP |