Common use of Controlled Accumulation Period Clause in Contracts

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the 20 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the 20 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”

Appears in 4 contracts

Samples: Series (Ford Credit Floorplan LLC), Series (Ford Credit Floorplan LLC), Ford Credit Floorplan LLC

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Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the 20 March 2022 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the 20 February 2022 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”

Appears in 4 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the 20 October 2023 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the 20 September 2023 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the 20 September 2022 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the 20 August 2022 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the 20 January 2019 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the 20 December 2018 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”

Appears in 2 contracts

Samples: Ford Credit Floorplan Corp, Ford Credit Floorplan Corp

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the 20 May 2019 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the 20 April 2019 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”

Appears in 2 contracts

Samples: Series 2016 (Ford Credit Floorplan Corp), Ford Credit Floorplan Corp

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the 20 September 2021 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the 20 August 2021 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the 20 November 2019 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the 20 October 2019 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”

Appears in 2 contracts

Samples: Ford Credit Floorplan Corp, Ford Credit Floorplan LLC

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the 20 March 2020 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the 20 February 2020 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the 20 August 2018 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the 20 July 2018 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”

Appears in 2 contracts

Samples: Series 2016 (Ford Credit Floorplan Corp), Series 2016 (Ford Credit Floorplan Corp)

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the 20 January 2018 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the 20 December 2017 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”

Appears in 2 contracts

Samples: Ford Credit Floorplan Corp, Ford Credit Floorplan Corp

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Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the 20 March 2023 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the 20 February 2023 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”

Appears in 2 contracts

Samples: Series 2020 (Ford Credit Floorplan LLC), Series 2020 (Ford Credit Floorplan LLC)

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the 20 November 2020 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the 20 October 2020 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the 20 May 2028 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the 20 April 2028 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the 20 March 2024 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the 20 February 2024 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the 20 March 2025 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the 20 February 2025 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”

Appears in 2 contracts

Samples: Series 2020 (Ford Credit Floorplan LLC), Ford Credit Floorplan LLC

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the 20 April 2021 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the 20 March 2021 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

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