Common use of Principal Clause in Contracts

Principal. If a Series 2017-1 Amortization Event occurs before the Series 2017-1 Final Maturity Date, the principal of each Class of Series 2017-1 Notes will be payable in installments on each Payment Date during the Early Amortization Period according to Section 4.2(f). The Note Balance of each Class of Series 2017-1 Notes will be due and payable on the Series 2017-1 Final Maturity Date. The Note Balance of each Class of the Series 2017-1 Notes will be due and payable on the date the Series 2017-1 Notes are declared to be, or have automatically become, immediately due and payable according to Section 5.2(a) of the Indenture.

Appears in 2 contracts

Samples: Ford Credit Floorplan Corp, Ford Credit Floorplan LLC

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Principal. If a Series 2017-1 3 Amortization Event occurs before the Series 2017-1 3 Final Maturity Date, the principal of each Class of Series 2017-1 3 Notes will be payable in installments on each Payment Date during the Early Amortization Period according to Section 4.2(f). The Note Balance of each Class of Series 2017-1 3 Notes will be due and payable on the Series 2017-1 3 Final Maturity Date. The Note Balance of each Class of the Series 2017-1 3 Notes will be due and payable on the date the Series 2017-1 3 Notes are declared to be, or have automatically become, immediately due and payable according to Section 5.2(a) of the Indenture.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Principal. If a Series 20172016-1 Amortization Event occurs before the Series 20172016-1 Final Maturity Date, the principal of each Class of Series 20172016-1 Notes will be payable in installments on each Payment Date during the Early Amortization Period according to Section 4.2(f). The Note Balance of each Class of Series 20172016-1 Notes will be due and payable on the Series 20172016-1 Final Maturity Date. The Note Balance of each Class of the Series 20172016-1 Notes will be due and payable on the date the Series 20172016-1 Notes are declared to be, or have automatically become, immediately due and payable according to Section 5.2(a) of the Indenture.

Appears in 2 contracts

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

Principal. If a Series 20172016-1 3 Amortization Event occurs before the Series 20172016-1 3 Final Maturity Date, the principal of each Class of Series 20172016-1 3 Notes will be payable in installments on each Payment Date during the Early Amortization Period according to Section 4.2(f). The Note Balance of each Class of Series 20172016-1 3 Notes will be due and payable on the Series 20172016-1 3 Final Maturity Date. The Note Balance of each Class of the Series 20172016-1 3 Notes will be due and payable on the date the Series 20172016-1 3 Notes are declared to be, or have automatically become, immediately due and payable according to Section 5.2(a) of the Indenture.

Appears in 2 contracts

Samples: Ford Credit Floorplan Corp, Ford Credit Floorplan Corp

Principal. If a Series 20172018-1 Amortization Event occurs before the Series 20172018-1 Final Maturity Date, the principal of each Class of Series 20172018-1 Notes will be payable in installments on each Payment Date during the Early Amortization Period according to Section 4.2(f). The Note Balance of each Class of Series 20172018-1 Notes will be due and payable on the Series 20172018-1 Final Maturity Date. The Note Balance of each Class of the Series 20172018-1 Notes will be due and payable on the date the Series 20172018-1 Notes are declared to be, or have automatically become, immediately due and payable according to Section 5.2(a) of the Indenture.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Principal. If a Series 20172016-1 5 Amortization Event occurs before the Series 20172016-1 5 Final Maturity Date, the principal of each Class of Series 20172016-1 5 Notes will be payable in installments on each Payment Date during the Early Amortization Period according to Section 4.2(f). The Note Balance of each Class of Series 20172016-1 5 Notes will be due and payable on the Series 20172016-1 5 Final Maturity Date. The Note Balance of each Class of the Series 20172016-1 5 Notes will be due and payable on the date the Series 20172016-1 5 Notes are declared to be, or have automatically become, immediately due and payable according to Section 5.2(a) of the Indenture.

Appears in 2 contracts

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

Principal. If a Series 20172020-1 Amortization Event occurs before the Series 20172020-1 Final Maturity Date, the principal of each Class of Series 20172020-1 Notes will be payable in installments on each Payment Date during the Early Amortization Period according to Section 4.2(f). The Note Balance of each Class of Series 20172020-1 Notes will be due and payable on the Series 20172020-1 Final Maturity Date. The Note Balance of each Class of the Series 20172020-1 Notes will be due and payable on the date the Series 20172020-1 Notes are declared to be, or have automatically become, immediately due and payable according to Section 5.2(a) of the Indenture.

Appears in 2 contracts

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

Principal. If a Series 2017-1 2 Amortization Event occurs before the Series 2017-1 2 Final Maturity Date, the principal of each Class of Series 2017-1 2 Notes will be payable in installments on each Payment Date during the Early Amortization Period according to Section 4.2(f). The Note Balance of each Class of Series 2017-1 2 Notes will be due and payable on the Series 2017-1 2 Final Maturity Date. The Note Balance of each Class of the Series 2017-1 2 Notes will be due and payable on the date the Series 2017-1 2 Notes are declared to be, or have automatically become, immediately due and payable according to Section 5.2(a) of the Indenture.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Principal. If a Series 20172019-1 4 Amortization Event occurs before the Series 20172019-1 4 Final Maturity Date, the principal of each Class of Series 20172019-1 4 Notes will be payable in installments on each Payment Date during the Early Amortization Period according to Section 4.2(f). The Note Balance of each Class of Series 20172019-1 4 Notes will be due and payable on the Series 20172019-1 4 Final Maturity Date. The Note Balance of each Class of the Series 20172019-1 4 Notes will be due and payable on the date the Series 20172019-1 4 Notes are declared to be, or have automatically become, immediately due and payable according to Section 5.2(a) of the Indenture.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Principal. If a Series 20172019-1 Amortization Event occurs before the Series 20172019-1 Final Maturity Date, the principal of each Class of Series 20172019-1 Notes will be payable in installments on each Payment Date during the Early Amortization Period according to Section 4.2(f). The Note Balance of each Class of Series 20172019-1 Notes will be due and payable on the Series 20172019-1 Final Maturity Date. The Note Balance of each Class of the Series 20172019-1 Notes will be due and payable on the date the Series 20172019-1 Notes are declared to be, or have automatically become, immediately due and payable according to Section 5.2(a) of the Indenture.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Principal. If a Series 20172018-1 4 Amortization Event occurs before the Series 20172018-1 4 Final Maturity Date, the principal of each Class of Series 20172018-1 4 Notes will be payable in installments on each Payment Date during the Early Amortization Period according to Section 4.2(f). The Note Balance of each Class of Series 20172018-1 4 Notes will be due and payable on the Series 20172018-1 4 Final Maturity Date. The Note Balance of each Class of the Series 20172018-1 4 Notes will be due and payable on the date the Series 20172018-1 4 Notes are declared to be, or have automatically become, immediately due and payable according to Section 5.2(a) of the Indenture.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

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Principal. If a Series 20172018-1 3 Amortization Event occurs before the Series 20172018-1 3 Final Maturity Date, the principal of each Class of Series 20172018-1 3 Notes will be payable in installments on each Payment Date during the Early Amortization Period according to Section 4.2(f). The Note Balance of each Class of Series 20172018-1 3 Notes will be due and payable on the Series 20172018-1 3 Final Maturity Date. The Note Balance of each Class of the Series 20172018-1 3 Notes will be due and payable on the date the Series 20172018-1 3 Notes are declared to be, or have automatically become, immediately due and payable according to Section 5.2(a) of the Indenture.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Principal. If a Series 20172019-1 3 Amortization Event occurs before the Series 20172019-1 3 Final Maturity Date, the principal of each Class of Series 20172019-1 3 Notes will be payable in installments on each Payment Date during the Early Amortization Period according to Section 4.2(f). The Note Balance of each Class of Series 20172019-1 3 Notes will be due and payable on the Series 20172019-1 3 Final Maturity Date. The Note Balance of each Class of the Series 20172019-1 3 Notes will be due and payable on the date the Series 20172019-1 3 Notes are declared to be, or have automatically become, immediately due and payable according to Section 5.2(a) of the Indenture.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Principal. If a Series 20172016-1 4 Amortization Event occurs before the Series 20172016-1 4 Final Maturity Date, the principal of each Class of Series 20172016-1 4 Notes will be payable in installments on each Payment Date during the Early Amortization Period according to Section 4.2(f). The Note Balance of each Class of Series 20172016-1 4 Notes will be due and payable on the Series 20172016-1 4 Final Maturity Date. The Note Balance of each Class of the Series 20172016-1 4 Notes will be due and payable on the date the Series 20172016-1 4 Notes are declared to be, or have automatically become, immediately due and payable according to Section 5.2(a) of the Indenture.

Appears in 2 contracts

Samples: Ford Credit Floorplan Corp, Ford Credit Floorplan Corp

Principal. If a Series 20172018-1 2 Amortization Event occurs before the Series 20172018-1 2 Final Maturity Date, the principal of each Class of Series 20172018-1 2 Notes will be payable in installments on each Payment Date during the Early Amortization Period according to Section 4.2(f). The Note Balance of each Class of Series 20172018-1 2 Notes will be due and payable on the Series 20172018-1 2 Final Maturity Date. The Note Balance of each Class of the Series 20172018-1 2 Notes will be due and payable on the date the Series 20172018-1 2 Notes are declared to be, or have automatically become, immediately due and payable according to Section 5.2(a) of the Indenture.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Principal. If a Series 20172020-1 2 Amortization Event occurs before the Series 20172020-1 2 Final Maturity Date, the principal of each Class of Series 20172020-1 2 Notes will be payable in installments on each Payment Date during the Early Amortization Period according to Section 4.2(f). The Note Balance of each Class of Series 20172020-1 2 Notes will be due and payable on the Series 20172020-1 2 Final Maturity Date. The Note Balance of each Class of the Series 20172020-1 2 Notes will be due and payable on the date the Series 20172020-1 2 Notes are declared to be, or have automatically become, immediately due and payable according to Section 5.2(a) of the Indenture.

Appears in 2 contracts

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

Principal. If a Series 20172019-1 2 Amortization Event occurs before the Series 20172019-1 2 Final Maturity Date, the principal of each Class of Series 20172019-1 2 Notes will be payable in installments on each Payment Date during the Early Amortization Period according to Section 4.2(f). The Note Balance of each Class of Series 20172019-1 2 Notes will be due and payable on the Series 20172019-1 2 Final Maturity Date. The Note Balance of each Class of the Series 20172019-1 2 Notes will be due and payable on the date the Series 20172019-1 2 Notes are declared to be, or have automatically become, immediately due and payable according to Section 5.2(a) of the Indenture.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

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