GRANTING CLAUSES. In addition to the Grant of the Indenture, the Issuer Grants to the Indenture Trustee, as Indenture Trustee for the benefit of the Series 20 - Noteholders, all of the Issuer’s right, title and interest, whether now owned or acquired in the future, in, to and under the Series 20 - Collateral. This Grant is made in trust to secure (a) the payment of principal of, interest on and any other amounts owing on the Series 20 - Notes as stated in the Indenture and this Indenture Supplement for the benefit of the Series 20 - Noteholders and (b) the Issuer’s compliance with its obligations under the Indenture and this Indenture Supplement, all as stated in the Series 20 - Notes, the Indenture and this Indenture Supplement. The Indenture Trustee acknowledges this Grant, accepts the trusts under this Indenture Supplement according to this Indenture Supplement and agrees to perform its duties in this Indenture Supplement so that the interests of the Series 20 - Noteholders may be adequately and effectively protected.
Appears in 4 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)
GRANTING CLAUSES. In addition to the Grant of the Indenture, the Issuer Grants to the Indenture Trustee, as Indenture Trustee for the benefit of the Series 20 - 2018-3 Noteholders, all of the Issuer’s right, title and interest, whether now owned or acquired in the future, in, to and under the Series 20 - 2018-3 Collateral. This Grant is made in trust to secure (a) the payment of principal of, interest on and any other amounts owing on the Series 20 - 2018-3 Notes as stated in the Indenture and this Indenture Supplement for the benefit of the Series 20 - 2018-3 Noteholders and (b) the Issuer’s compliance with its obligations under the Indenture and this Indenture Supplement, all as stated in the Series 20 - 2018-3 Notes, the Indenture and this Indenture Supplement. The Indenture Trustee acknowledges this Grant, accepts the trusts under this Indenture Supplement according to this Indenture Supplement and agrees to perform its duties in this Indenture Supplement so that the interests of the Series 20 - 2018-3 Noteholders may be adequately and effectively protected.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)
GRANTING CLAUSES. In addition to the Grant of the Indenture, the Issuer Grants to the Indenture Trustee, as Indenture Trustee for the benefit of the Series 20 - 2017-3 Noteholders, all of the Issuer’s right, title and interest, whether now owned or acquired in the future, in, to and under the Series 20 - 2017-3 Collateral. This Grant is made in trust to secure (a) the payment of principal of, interest on and any other amounts owing on the Series 20 - 2017-3 Notes as stated in the Indenture and this Indenture Supplement for the benefit of the Series 20 - 2017-3 Noteholders and (b) the Issuer’s compliance with its obligations under the Indenture and this Indenture Supplement, all as stated in the Series 20 - 2017-3 Notes, the Indenture and this Indenture Supplement. The Indenture Trustee acknowledges this Grant, accepts the trusts under this Indenture Supplement according to this Indenture Supplement and agrees to perform its duties in this Indenture Supplement so that the interests of the Series 20 - 2017-3 Noteholders may be adequately and effectively protected.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)
GRANTING CLAUSES. In addition to the Grant of the Indenture, the Issuer Grants to the Indenture Trustee, as Indenture Trustee for the benefit of the Series 20 - 2025-1 Noteholders, all of the Issuer’s 's right, title and interest, whether now owned or acquired in the future, in, to and under the Series 20 - 2025-1 Collateral. This Grant is made in trust to secure (a) the payment of principal of, interest on and any other amounts owing on the Series 20 - 2025-1 Notes as stated in the Indenture and this Indenture Supplement for the benefit of the Series 20 - 2025-1 Noteholders and (b) the Issuer’s 's compliance with its obligations under the Indenture and this Indenture Supplement, all as stated in the Series 20 - 2025-1 Notes, the Indenture and this Indenture Supplement. The Indenture Trustee acknowledges this Grant, accepts the trusts under this Indenture Supplement according to this Indenture Supplement and agrees to perform its duties in this Indenture Supplement so that the interests of the Series 20 - 2025-1 Noteholders may be adequately and effectively protected.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)
GRANTING CLAUSES. In addition to the Grant of the Indenture, the Issuer Grants to the Indenture Trustee, as Indenture Trustee for the benefit of the Series 20 - 2018-4 Noteholders, all of the Issuer’s right, title and interest, whether now owned or acquired in the future, in, to and under the Series 20 - 2018-4 Collateral. This Grant is made in trust to secure (a) the payment of principal of, interest on and any other amounts owing on the Series 20 - 2018-4 Notes as stated in the Indenture and this Indenture Supplement for the benefit of the Series 20 - 2018-4 Noteholders and (b) the Issuer’s compliance with its obligations under the Indenture and this Indenture Supplement, all as stated in the Series 20 - 2018-4 Notes, the Indenture and this Indenture Supplement. The Indenture Trustee acknowledges this Grant, accepts the trusts under this Indenture Supplement according to this Indenture Supplement and agrees to perform its duties in this Indenture Supplement so that the interests of the Series 20 - 2018-4 Noteholders may be adequately and effectively protected.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)
GRANTING CLAUSES. In addition to the Grant of the Indenture, the Issuer Grants to the Indenture Trustee, as Indenture Trustee for the benefit of the Series 20 - 2019-1 Noteholders, all of the Issuer’s right, title and interest, whether now owned or acquired in the future, in, to and under the Series 20 - 2019-1 Collateral. This Grant is made in trust to secure (a) the payment of principal of, interest on and any other amounts owing on the Series 20 - 2019-1 Notes as stated in the Indenture and this Indenture Supplement for the benefit of the Series 20 - 2019-1 Noteholders and (b) the Issuer’s compliance with its obligations under the Indenture and this Indenture Supplement, all as stated in the Series 20 - 2019-1 Notes, the Indenture and this Indenture Supplement. The Indenture Trustee acknowledges this Grant, accepts the trusts under this Indenture Supplement according to this Indenture Supplement and agrees to perform its duties in this Indenture Supplement so that the interests of the Series 20 - 2019-1 Noteholders may be adequately and effectively protected.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)
GRANTING CLAUSES. In addition to the Grant of the Indenture, the Issuer Grants to the Indenture Trustee, as Indenture Trustee for the benefit of the Series 20 - 2018-2 Noteholders, all of the Issuer’s right, title and interest, whether now owned or acquired in the future, in, to and under the Series 20 - 2018-2 Collateral. This Grant is made in trust to secure (a) the payment of principal of, interest on and any other amounts owing on the Series 20 - 2018-2 Notes as stated in the Indenture and this Indenture Supplement for the benefit of the Series 20 - 2018-2 Noteholders and (b) the Issuer’s compliance with its obligations under the Indenture and this Indenture Supplement, all as stated in the Series 20 - 2018-2 Notes, the Indenture and this Indenture Supplement. The Indenture Trustee acknowledges this Grant, accepts the trusts under this Indenture Supplement according to this Indenture Supplement and agrees to perform its duties in this Indenture Supplement so that the interests of the Series 20 - 2018-2 Noteholders may be adequately and effectively protected.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)
GRANTING CLAUSES. In addition to the Grant of the Indenture, the Issuer Grants to the Indenture Trustee, as Indenture Trustee for the benefit of the Series 20 - 2015-4 Noteholders, all of the Issuer’s right, title and interest, whether now owned or acquired in the futurehereafter acquired, in, to and under the Series 20 - 2015-4 Collateral. This The foregoing Grant is made in trust to secure (a) the payment of principal of, interest on and any other amounts owing on in respect of the Series 20 - 2015-4 Notes as stated provided in the Indenture and this Indenture Supplement for the benefit of the Series 20 - 2015-4 Noteholders and (b) compliance by the Issuer’s compliance Issuer with its obligations under the provisions of the Indenture and this Indenture Supplement, all as stated provided in the Series 20 - 2015-4 Notes, the Indenture and this Indenture Supplement. The Indenture Trustee acknowledges this the Grant, accepts the trusts under this Indenture Supplement according to in accordance with this Indenture Supplement and agrees to perform its the duties in this Indenture Supplement so that the interests of the Series 20 - 2015-4 Noteholders may be adequately and effectively protected.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan Master Owner Trust A), Indenture Supplement (Ford Credit Floorplan Master Owner Trust A)
GRANTING CLAUSES. In addition to the Grant of the Indenture, the Issuer Grants to the Indenture Trustee, as Indenture Trustee for the benefit of the Series 20 - 2019-4 Noteholders, all of the Issuer’s right, title and interest, whether now owned or acquired in the future, in, to and under the Series 20 - 2019-4 Collateral. This Grant is made in trust to secure (a) the payment of principal of, interest on and any other amounts owing on the Series 20 - 2019-4 Notes as stated in the Indenture and this Indenture Supplement for the benefit of the Series 20 - 2019-4 Noteholders and (b) the Issuer’s compliance with its obligations under the Indenture and this Indenture Supplement, all as stated in the Series 20 - 2019-4 Notes, the Indenture and this Indenture Supplement. The Indenture Trustee acknowledges this Grant, accepts the trusts under this Indenture Supplement according to this Indenture Supplement and agrees to perform its duties in this Indenture Supplement so that the interests of the Series 20 - 2019-4 Noteholders may be adequately and effectively protected.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)
GRANTING CLAUSES. In addition to the Grant of the Indenture, the Issuer Grants to the Indenture Trustee, as Indenture Trustee for the benefit of the Series 20 - 2020-2 Noteholders, all of the Issuer’s right, title and interest, whether now owned or acquired in the future, in, to and under the Series 20 - 2020-2 Collateral. This Grant is made in trust to secure (a) the payment of principal of, interest on and any other amounts owing on the Series 20 - 2020-2 Notes as stated in the Indenture and this Indenture Supplement for the benefit of the Series 20 - 2020-2 Noteholders and (b) the Issuer’s compliance with its obligations under the Indenture and this Indenture Supplement, all as stated in the Series 20 - 2020-2 Notes, the Indenture and this Indenture Supplement. The Indenture Trustee acknowledges this Grant, accepts the trusts under this Indenture Supplement according to this Indenture Supplement and agrees to perform its duties in this Indenture Supplement so that the interests of the Series 20 - 2020-2 Noteholders may be adequately and effectively protected.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)
GRANTING CLAUSES. In addition to the Grant of the Indenture, the Issuer Grants to the Indenture Trustee, as Indenture Trustee for the benefit of the Series 20 - 2017-2 Noteholders, all of the Issuer’s right, title and interest, whether now owned or acquired in the future, in, to and under the Series 20 - 2017-2 Collateral. This Grant is made in trust to secure (a) the payment of principal of, interest on and any other amounts owing on the Series 20 - 2017-2 Notes as stated in the Indenture and this Indenture Supplement for the benefit of the Series 20 - 2017-2 Noteholders and (b) the Issuer’s compliance with its obligations under the Indenture and this Indenture Supplement, all as stated in the Series 20 - 2017-2 Notes, the Indenture and this Indenture Supplement. The Indenture Trustee acknowledges this Grant, accepts the trusts under this Indenture Supplement according to this Indenture Supplement and agrees to perform its duties in this Indenture Supplement so that the interests of the Series 20 - 2017-2 Noteholders may be adequately and effectively protected.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)
GRANTING CLAUSES. In addition to the Grant of the Indenture, the Issuer Grants to the Indenture Trustee, as Indenture Trustee for the benefit of the Series 20 - 2016-5 Noteholders, all of the Issuer’s right, title and interest, whether now owned or acquired in the future, in, to and under the Series 20 - 2016-5 Collateral. This Grant is made in trust to secure (a) the payment of principal of, interest on and any other amounts owing on the Series 20 - 2016-5 Notes as stated in the Indenture and this Indenture Supplement for the benefit of the Series 20 - 2016-5 Noteholders and (b) the Issuer’s compliance with its obligations under the Indenture and this Indenture Supplement, all as stated in the Series 20 - 2016-5 Notes, the Indenture and this Indenture Supplement. The Indenture Trustee acknowledges this Grant, accepts the trusts under this Indenture Supplement according to this Indenture Supplement and agrees to perform its duties in this Indenture Supplement so that the interests of the Series 20 - 2016-5 Noteholders may be adequately and effectively protected.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan Corp), Indenture Supplement (Ford Credit Floorplan Corp)
GRANTING CLAUSES. In addition to the Grant of the Indenture, the Issuer Grants to the Indenture Trustee, as Indenture Trustee for the benefit of the Series 20 - 2018-1 Noteholders, all of the Issuer’s right, title and interest, whether now owned or acquired in the future, in, to and under the Series 20 - 2018-1 Collateral. This Grant is made in trust to secure (a) the payment of principal of, interest on and any other amounts owing on the Series 20 - 2018-1 Notes as stated in the Indenture and this Indenture Supplement for the benefit of the Series 20 - 2018-1 Noteholders and (b) the Issuer’s compliance with its obligations under the Indenture and this Indenture Supplement, all as stated in the Series 20 - 2018-1 Notes, the Indenture and this Indenture Supplement. The Indenture Trustee acknowledges this Grant, accepts the trusts under this Indenture Supplement according to this Indenture Supplement and agrees to perform its duties in this Indenture Supplement so that the interests of the Series 20 - 2018-1 Noteholders may be adequately and effectively protected.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)
GRANTING CLAUSES. In addition to the Grant of the Indenture, the Issuer Grants to the Indenture Trustee, as Indenture Trustee for the benefit of the Series 20 - 20__-__ Noteholders, all of the Issuer’s 's right, title and interest, whether now owned or acquired in the future, in, to and under the Series 20 - 20_-_ Collateral. This Grant is made in trust to secure (a) the payment of principal of, interest on and any other amounts owing on the Series 20 - 20__-__ Notes as stated in the Indenture and this Indenture Supplement for the benefit of the Series 20 - 20__-__ Noteholders and (b) the Issuer’s 's compliance with its obligations under the Indenture and this Indenture Supplement, all as stated in the Series 20 - 20__-__ Notes, the Indenture and this Indenture Supplement. The Indenture Trustee acknowledges this Grant, accepts the trusts under this Indenture Supplement according to this Indenture Supplement and agrees to perform its duties in this Indenture Supplement so that the interests of the Series 20 - 20__-__ Noteholders may be adequately and effectively protected.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)
GRANTING CLAUSES. In addition to the Grant of the Indenture, the Issuer Grants to the Indenture Trustee, as Indenture Trustee for the benefit of the Series 20 - 2019-2 Noteholders, all of the Issuer’s right, title and interest, whether now owned or acquired in the future, in, to and under the Series 20 - 2019-2 Collateral. This Grant is made in trust to secure (a) the payment of principal of, interest on and any other amounts owing on the Series 20 - 2019-2 Notes as stated in the Indenture and this Indenture Supplement for the benefit of the Series 20 - 2019-2 Noteholders and (b) the Issuer’s compliance with its obligations under the Indenture and this Indenture Supplement, all as stated in the Series 20 - 2019-2 Notes, the Indenture and this Indenture Supplement. The Indenture Trustee acknowledges this Grant, accepts the trusts under this Indenture Supplement according to this Indenture Supplement and agrees to perform its duties in this Indenture Supplement so that the interests of the Series 20 - 2019-2 Noteholders may be adequately and effectively protected.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)
GRANTING CLAUSES. In addition to the Grant of the Indenture, the Issuer Grants to the Indenture Trustee, as Indenture Trustee for the benefit of the Series 20 - 2017-1 Noteholders, all of the Issuer’s right, title and interest, whether now owned or acquired in the future, in, to and under the Series 20 - 2017-1 Collateral. This Grant is made in trust to secure (a) the payment of principal of, interest on and any other amounts owing on the Series 20 - 2017-1 Notes as stated in the Indenture and this Indenture Supplement for the benefit of the Series 20 - 2017-1 Noteholders and (b) the Issuer’s compliance with its obligations under the Indenture and this Indenture Supplement, all as stated in the Series 20 - 2017-1 Notes, the Indenture and this Indenture Supplement. The Indenture Trustee acknowledges this Grant, accepts the trusts under this Indenture Supplement according to this Indenture Supplement and agrees to perform its duties in this Indenture Supplement so that the interests of the Series 20 - 2017-1 Noteholders may be adequately and effectively protected.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan Corp), Indenture Supplement (Ford Credit Floorplan LLC)
GRANTING CLAUSES. In addition to the Grant of the Indenture, the Issuer Grants to the Indenture Trustee, as Indenture Trustee for the benefit of the Series 20 - 2019-3 Noteholders, all of the Issuer’s right, title and interest, whether now owned or acquired in the future, in, to and under the Series 20 - 2019-3 Collateral. This Grant is made in trust to secure (a) the payment of principal of, interest on and any other amounts owing on the Series 20 - 2019-3 Notes as stated in the Indenture and this Indenture Supplement for the benefit of the Series 20 - 2019-3 Noteholders and (b) the Issuer’s compliance with its obligations under the Indenture and this Indenture Supplement, all as stated in the Series 20 - 2019-3 Notes, the Indenture and this Indenture Supplement. The Indenture Trustee acknowledges this Grant, accepts the trusts under this Indenture Supplement according to this Indenture Supplement and agrees to perform its duties in this Indenture Supplement so that the interests of the Series 20 - 2019-3 Noteholders may be adequately and effectively protected.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)
GRANTING CLAUSES. In addition to the Grant of the Indenture, the Issuer Grants to the Indenture Trustee, as Indenture Trustee for the benefit of the Series 20 - 2025-2 Noteholders, all of the Issuer’s 's right, title and interest, whether now owned or acquired in the future, in, to and under the Series 20 - 2025-2 Collateral. This Grant is made in trust to secure (a) the payment of principal of, interest on and any other amounts owing on the Series 20 - 2025-2 Notes as stated in the Indenture and this Indenture Supplement for the benefit of the Series 20 - 2025-2 Noteholders and (b) the Issuer’s 's compliance with its obligations under the Indenture and this Indenture Supplement, all as stated in the Series 20 - 2025-2 Notes, the Indenture and this Indenture Supplement. The Indenture Trustee acknowledges this Grant, accepts the trusts under this Indenture Supplement according to this Indenture Supplement and agrees to perform its duties in this Indenture Supplement so that the interests of the Series 20 - 2025-2 Noteholders may be adequately and effectively protected.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)
GRANTING CLAUSES. In addition to the Grant of the Indenture, the Issuer Grants to the Indenture Trustee, as Indenture Trustee for the benefit of the Series 20 - 2020-1 Noteholders, all of the Issuer’s right, title and interest, whether now owned or acquired in the future, in, to and under the Series 20 - 2020-1 Collateral. This Grant is made in trust to secure (a) the payment of principal of, interest on and any other amounts owing on the Series 20 - 2020-1 Notes as stated in the Indenture and this Indenture Supplement for the benefit of the Series 20 - 2020-1 Noteholders and (b) the Issuer’s compliance with its obligations under the Indenture and this Indenture Supplement, all as stated in the Series 20 - 2020-1 Notes, the Indenture and this Indenture Supplement. The Indenture Trustee acknowledges this Grant, accepts the trusts under this Indenture Supplement according to this Indenture Supplement and agrees to perform its duties in this Indenture Supplement so that the interests of the Series 20 - 2020-1 Noteholders may be adequately and effectively protected.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)