Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (A) the payment in full of the Series 2016-5 Notes, (B) the first Payment Date relating to an Early Amortization Period, and (C) the Series 2016-5 Final Maturity Date, any funds remaining in the Series 2016-5 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 2016-5 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.
Appears in 2 contracts
Samples: Series 2016 (Ford Credit Floorplan Corp), Ford Credit Floorplan Corp
Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (Ai) the payment in full of the Series 20162020-5 1 Notes, (Bii) the first Payment Date relating to an Early Amortization Period, and (Ciii) the Series 20162020-5 1 Final Maturity Date, any funds remaining in the Series 20162020-5 1 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 20162020-5 1 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.
Appears in 2 contracts
Samples: Series 2020 (Ford Credit Floorplan LLC), Series 2020 (Ford Credit Floorplan LLC)
Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (Ai) the payment in full of the Series 20162017-5 2 Notes, (Bii) the first Payment Date relating to an Early Amortization Period, and (Ciii) the Series 20162017-5 2 Final Maturity Date, any funds remaining in the Series 20162017-5 2 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 20162017-5 2 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (Ai) the payment in full of the Series 20162017-5 1 Notes, (Bii) the first Payment Date relating to an Early Amortization Period, and (Ciii) the Series 20162017-5 1 Final Maturity Date, any funds remaining in the Series 20162017-5 1 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 20162017-5 1 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.
Appears in 2 contracts
Samples: Ford Credit Floorplan Corp, Ford Credit Floorplan LLC
Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (A) the payment in full of the Series 2016-5 3 Notes, (B) the first Payment Date relating to an Early Amortization Period, and (C) the Series 2016-5 3 Final Maturity Date, any funds remaining in the Series 2016-5 3 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 2016-5 3 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.
Appears in 2 contracts
Samples: Ford Credit Floorplan Corp, Ford Credit Floorplan Corp
Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (A) the payment in full of the Series 2016-5 1 Notes, (B) the first Payment Date relating to an Early Amortization Period, and (C) the Series 2016-5 1 Final Maturity Date, any funds remaining in the Series 2016-5 1 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 2016-5 1 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.
Appears in 2 contracts
Samples: Series 2016 (Ford Credit Floorplan Corp), Series 2016 (Ford Credit Floorplan Corp)
Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (Ai) the payment in full of the Series 20162018-5 2 Notes, (Bii) the first Payment Date relating to an Early Amortization Period, and (Ciii) the Series 20162018-5 2 Final Maturity Date, any funds remaining in the Series 20162018-5 2 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 20162018-5 2 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (Ai) the payment in full of the Series 20162018-5 3 Notes, (Bii) the first Payment Date relating to an Early Amortization Period, and (Ciii) the Series 20162018-5 3 Final Maturity Date, any funds remaining in the Series 20162018-5 3 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 20162018-5 3 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (Ai) the payment in full of the Series 20162018-5 1 Notes, (Bii) the first Payment Date relating to an Early Amortization Period, and (Ciii) the Series 20162018-5 1 Final Maturity Date, any funds remaining in the Series 20162018-5 1 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 20162018-5 1 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (Ai) the payment in full of the Series 20162019-5 1 Notes, (Bii) the first Payment Date relating to an Early Amortization Period, and (Ciii) the Series 20162019-5 1 Final Maturity Date, any funds remaining in the Series 20162019-5 1 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 20162019-5 1 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (Ai) the payment in full of the Series 20162018-5 4 Notes, (Bii) the first Payment Date relating to an Early Amortization Period, and (Ciii) the Series 20162018-5 4 Final Maturity Date, any funds remaining in the Series 20162018-5 4 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 20162018-5 4 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (Ai) the payment in full of the Series 20162020-5 2 Notes, (Bii) the first Payment Date relating to an Early Amortization Period, and (Ciii) the Series 20162020-5 2 Final Maturity Date, any funds remaining in the Series 20162020-5 2 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 20162020-5 2 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.
Appears in 2 contracts
Samples: Series 2020 (Ford Credit Floorplan LLC), Ford Credit Floorplan LLC
Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (Ai) the payment in full of the Series 20162019-5 3 Notes, (Bii) the first Payment Date relating to an Early Amortization Period, and (Ciii) the Series 20162019-5 3 Final Maturity Date, any funds remaining in the Series 20162019-5 3 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 20162019-5 3 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (Ai) the payment in full of the Series 2016-5 20 - Notes, (Bii) the first Payment Date relating to an Early Amortization Period, and (Ciii) the Series 2016-5 20 - Final Maturity Date, any funds remaining in the Series 2016-5 20 - Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 2016-5 20 - Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.
Appears in 2 contracts
Samples: Series (Ford Credit Floorplan LLC), Series (Ford Credit Floorplan LLC)
Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (Ai) the payment in full of the Series 20162019-5 4 Notes, (Bii) the first Payment Date relating to an Early Amortization Period, and (Ciii) the Series 20162019-5 4 Final Maturity Date, any funds remaining in the Series 20162019-5 4 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 20162019-5 4 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (Ai) the payment in full of the Series 20162017-5 3 Notes, (Bii) the first Payment Date relating to an Early Amortization Period, and (Ciii) the Series 20162017-5 3 Final Maturity Date, any funds remaining in the Series 20162017-5 3 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 20162017-5 3 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (A) the payment in full of the Series 2016-5 20 - Notes, (B) the first Payment Date relating to an Early Amortization Period, and (C) the Series 2016-5 20 - Final Maturity Date, any funds remaining in the Series 2016-5 20 - Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 2016-5 20 - Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (A) the payment in full of the Series 2016-5 4 Notes, (B) the first Payment Date relating to an Early Amortization Period, and (C) the Series 2016-5 4 Final Maturity Date, any funds remaining in the Series 2016-5 4 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 2016-5 4 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.
Appears in 2 contracts
Samples: Ford Credit Floorplan Corp, Ford Credit Floorplan Corp
Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (Ai) the payment in full of the Series 20162019-5 2 Notes, (Bii) the first Payment Date relating to an Early Amortization Period, and (Ciii) the Series 20162019-5 2 Final Maturity Date, any funds remaining in the Series 20162019-5 2 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 20162019-5 2 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC