Excess Funding Amounts. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date for the Controlled Accumulation Period or an Early Amortization Period, deposit in the Series 2020-1 Principal Funding Account from the Excess Funding Account the lesser of (i) the Series 2020-1 Excess Funding Amount, and (ii) the Monthly Principal Amount for that Payment Date.
Appears in 2 contracts
Samples: Series 2020 (Ford Credit Floorplan LLC), Series 2020 (Ford Credit Floorplan LLC)
Excess Funding Amounts. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date for the Controlled Accumulation Period or an Early Amortization Period, deposit in the Series 20202016-1 Principal Funding Account from the Excess Funding Account the lesser of (i) the Series 20202016-1 Excess Funding Amount, and (ii) the Monthly Principal Amount for that Payment Date.
Appears in 2 contracts
Samples: Series 2016 (Ford Credit Floorplan Corp), Series 2016 (Ford Credit Floorplan Corp)
Excess Funding Amounts. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date for the Controlled Accumulation Period or an Early Amortization Period, deposit in the Series 20202016-1 3 Principal Funding Account from the Excess Funding Account the lesser of (i) the Series 20202016-1 3 Excess Funding Amount, and (ii) the Monthly Principal Amount for that Payment Date.
Appears in 2 contracts
Samples: Ford Credit Floorplan Corp, Ford Credit Floorplan Corp
Excess Funding Amounts. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date for the Controlled Accumulation Period or an Early Amortization Period, deposit in the Series 20202019-1 4 Principal Funding Account from the Excess Funding Account the lesser of (i) the Series 20202019-1 4 Excess Funding Amount, and (ii) the Monthly Principal Amount for that Payment Date.
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Excess Funding Amounts. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date for the Controlled Accumulation Period or an Early Amortization Period, deposit in the Series 20202019-1 3 Principal Funding Account from the Excess Funding Account the lesser of (i) the Series 20202019-1 3 Excess Funding Amount, and (ii) the Monthly Principal Amount for that Payment Date.
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Excess Funding Amounts. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date for the Controlled Accumulation Period or an Early Amortization Period, deposit in the Series 20202018-1 3 Principal Funding Account from the Excess Funding Account the lesser of (i) the Series 20202018-1 3 Excess Funding Amount, and (ii) the Monthly Principal Amount for that Payment Date.
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Excess Funding Amounts. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date for the Controlled Accumulation Period or an Early Amortization Period, deposit in the Series 20202017-1 Principal Funding Account from the Excess Funding Account the lesser of (i) the Series 20202017-1 Excess Funding Amount, and (ii) the Monthly Principal Amount for that Payment Date.
Appears in 2 contracts
Samples: Ford Credit Floorplan Corp, Ford Credit Floorplan LLC
Excess Funding Amounts. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date for the Controlled Accumulation Period or an Early Amortization Period, deposit in the Series 20202019-1 Principal Funding Account from the Excess Funding Account the lesser of (i) the Series 20202019-1 Excess Funding Amount, and (ii) the Monthly Principal Amount for that Payment Date.
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Excess Funding Amounts. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date for the Controlled Accumulation Period or an Early Amortization Period, deposit in the Series 20202018-1 2 Principal Funding Account from the Excess Funding Account the lesser of (i) the Series 20202018-1 2 Excess Funding Amount, and (ii) the Monthly Principal Amount for that Payment Date.
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Excess Funding Amounts. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date for the Controlled Accumulation Period or an Early Amortization Period, deposit in the Series 20202018-1 Principal Funding Account from the Excess Funding Account the lesser of (i) the Series 20202018-1 Excess Funding Amount, and (ii) the Monthly Principal Amount for that Payment Date.
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Excess Funding Amounts. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date for the Controlled Accumulation Period or an Early Amortization Period, deposit in the Series 20202016-1 5 Principal Funding Account from the Excess Funding Account the lesser of (i) the Series 20202016-1 5 Excess Funding Amount, and (ii) the Monthly Principal Amount for that Payment Date.
Appears in 2 contracts
Samples: Series 2016 (Ford Credit Floorplan Corp), Ford Credit Floorplan Corp
Excess Funding Amounts. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date for the Controlled Accumulation Period or an Early Amortization Period, deposit in the Series 20202019-1 2 Principal Funding Account from the Excess Funding Account the lesser of (i) the Series 20202019-1 2 Excess Funding Amount, and (ii) the Monthly Principal Amount for that Payment Date.
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Excess Funding Amounts. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date for the Controlled Accumulation Period or an Early Amortization Period, deposit in the Series 20202018-1 4 Principal Funding Account from the Excess Funding Account the lesser of (i) the Series 20202018-1 4 Excess Funding Amount, and (ii) the Monthly Principal Amount for that Payment Date.
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Excess Funding Amounts. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date for the Controlled Accumulation Period or an Early Amortization Period, deposit in the Series 2020-1 2 Principal Funding Account from the Excess Funding Account the lesser of (i) the Series 2020-1 2 Excess Funding Amount, and (ii) the Monthly Principal Amount for that Payment Date.
Appears in 2 contracts
Samples: Series 2020 (Ford Credit Floorplan LLC), Ford Credit Floorplan LLC
Excess Funding Amounts. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date for the Controlled Accumulation Period or an Early Amortization Period, deposit in the Series 2020-1 20 - Principal Funding Account from the Excess Funding Account the lesser of (i) the Series 2020-1 20 - Excess Funding Amount, and (ii) the Monthly Principal Amount for that Payment Date.
Appears in 2 contracts
Samples: Series (Ford Credit Floorplan LLC), Series (Ford Credit Floorplan LLC)
Excess Funding Amounts. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date for the Controlled Accumulation Period or an Early Amortization Period, deposit in the Series 20202017-1 3 Principal Funding Account from the Excess Funding Account the lesser of (i) the Series 20202017-1 3 Excess Funding Amount, and (ii) the Monthly Principal Amount for that Payment Date.
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Excess Funding Amounts. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date for the Controlled Accumulation Period or an Early Amortization Period, deposit in the Series 2020-1 20 - Principal Funding Account from the Excess Funding Account the lesser of (i) the Series 2020-1 20 - Excess Funding Amount, and (ii) the Monthly Principal Amount for that Payment Date.
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Excess Funding Amounts. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date for the Controlled Accumulation Period or an Early Amortization Period, deposit in the Series 20202016-1 4 Principal Funding Account from the Excess Funding Account the lesser of (i) the Series 20202016-1 4 Excess Funding Amount, and (ii) the Monthly Principal Amount for that Payment Date.
Appears in 2 contracts
Samples: Ford Credit Floorplan Corp, Ford Credit Floorplan Corp
Excess Funding Amounts. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date for the Controlled Accumulation Period or an Early Amortization Period, deposit in the Series 20202017-1 2 Principal Funding Account from the Excess Funding Account the lesser of (i) the Series 20202017-1 2 Excess Funding Amount, and (ii) the Monthly Principal Amount for that Payment Date.
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC