Common use of Additional Issuance; Reopening Clause in Contracts

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, Noteholders of any Series, create and issue additional Series 2012-5 Notes of the same Class as any Class issued on the Closing Date. Any such additional Series 2012-5 Notes will form part of and have the same Principal Terms as such previously issued Class, except for (i) the initial principal amount of such Class, the Initial Invested Amount and the initial Note Balance of such Class on the Closing Date, (ii) the accrual and payment of interest prior to the issuance date of such additional Series 2012-5 Notes, and (iii) the first payment of interest following the issuance of such additional Series 2012-5 Notes. When issued, such additional Series 2012-5 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable to those Series 2012-5 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 2012-5 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan Master Owner Trust a Series 2012-5, Ford Credit Floorplan Master Owner Trust a Series 2012-5

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Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, the Noteholders of any Series, create and issue additional Series 20122016-5 3 Notes of the same Class as any Class issued on the Closing Date. Any such additional Additional Series 20122016-5 3 Notes will form part of and have the same Principal Terms as such the previously issued Class, except for (i) the initial principal amount of such that Class, the Initial Invested Amount and the initial Note Balance of such that Class on the Closing Date, (ii) the accrual and payment of interest prior to before the issuance date of such the additional Series 20122016-5 3 Notes, and (iii) the first payment of interest following the issuance of such the additional Series 20122016-5 3 Notes. When issued, such the additional Series 20122016-5 3 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable applying to those Series 20122016-5 3 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122016-5 3 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan Corp, Ford Credit Floorplan Corp

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, Noteholders of any Series, create and issue additional Series 20122015-5 4 Notes of the same Class as any Class issued on the Closing Date. Any such additional Series 20122015-5 4 Notes will form part of and have the same Principal Terms as such the previously issued Class, except for (i) the initial principal amount of such the previously issued Class, the Initial Invested Amount and the initial Note Balance of such the previously issued Class on the Closing Date, (ii) the accrual and payment of interest prior to the issuance date of such the additional Series 20122015-5 Notes, 4 Notes and (iii) the first payment of interest following the issuance of such the additional Series 20122015-5 4 Notes. When issued, such the additional Series 20122015-5 4 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable to those Series 20122015-5 4 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122015-5 4 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan Master Owner Trust A, Ford Credit Floorplan Master Owner Trust A

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, Noteholders of any Series, create and issue additional Series 20122011-5 2 Notes of the same Class as any Class issued on the Closing Date. Any such additional Series 20122011-5 2 Notes will form part of and have the same Principal Terms as such previously issued Class, except for (i) the initial principal amount of such Class, the Initial Invested Amount and the initial Note Balance of such Class on the Closing Date, (ii) the accrual and payment of interest prior to the issuance date of such additional Series 20122011-5 2 Notes, and (iii) the first payment of interest following the issuance of such additional Series 20122011-5 2 Notes. When issued, such additional Series 20122011-5 2 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable to those Series 20122011-5 2 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122011-5 2 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan Master Owner Trust a Series 2011-2, Ford Credit Floorplan Master Owner Trust a Series 2011-2

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, the Noteholders of any Series, create and issue additional Series 20122016-5 Notes of the same Class as any Class issued on the Closing Date. Any such additional Additional Series 20122016-5 Notes will form part of and have the same Principal Terms as such the previously issued Class, except for (i) the initial principal amount of such that Class, the Initial Invested Amount and the initial Note Balance of such that Class on the Closing Date, (ii) the accrual and payment of interest prior to before the issuance date of such the additional Series 20122016-5 Notes, and (iii) the first payment of interest following the issuance of such the additional Series 20122016-5 Notes. When issued, such the additional Series 20122016-5 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable applying to those Series 20122016-5 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122016-5 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

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

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, Noteholders of any Series, create and issue additional Series 20122014-5 4 Notes of the same Class as any Class issued on the Closing Date. Any such additional Series 20122014-5 4 Notes will form part of and have the same Principal Terms as such the previously issued Class, except for (i) the initial principal amount of such the previously issued Class, the Initial Invested Amount and the initial Note Balance of such the previously issued Class on the Closing Date, (ii) the accrual and payment of interest prior to the issuance date of such the additional Series 20122014-5 Notes, 4 Notes and (iii) the first payment of interest following the issuance of such the additional Series 20122014-5 4 Notes. When issued, such the additional Series 20122014-5 4 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable to those Series 20122014-5 4 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122014-5 4 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan Master Owner Trust A, Ford Credit Floorplan Master Owner Trust A

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, the Noteholders of any Series, create and issue additional Series 20122018-5 4 Notes of the same Class as any Class issued on the Closing Date. Any such additional Additional Series 20122018-5 4 Notes will form part of and have the same Principal Terms as such the previously issued Class, except for (i) the initial principal amount of such that Class, the Initial Invested Amount and the initial Note Balance of such that Class on the Closing Date, (ii) the accrual and payment of interest prior to before the issuance date of such the additional Series 20122018-5 Notes, 4 Notes and (iii) the first payment of interest following the issuance of such the additional Series 20122018-5 4 Notes. When issued, such the additional Series 20122018-5 4 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable applying to those Series 20122018-5 4 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122018-5 4 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, the Noteholders of any Series, create and issue additional Series 20122019-5 3 Notes of the same Class as any Class issued on the Closing Date. Any such additional Additional Series 20122019-5 3 Notes will form part of and have the same Principal Terms as such the previously issued Class, except for (i) the initial principal amount of such that Class, the Initial Invested Amount and the initial Note Balance of such that Class on the Closing Date, (ii) the accrual and payment of interest prior to before the issuance date of such the additional Series 20122019-5 Notes, 3 Notes and (iii) the first payment of interest following the issuance of such the additional Series 20122019-5 3 Notes. When issued, such the additional Series 20122019-5 3 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable applying to those Series 20122019-5 3 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122019-5 3 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, Noteholders of any Series, create and issue additional Series 2012-5 20 - Notes of the same Class as any Class issued on the Closing Date. Any such additional Additional Series 2012-5 20 - Notes will form part of and have the same Principal Terms as such the previously issued Class, except for (i) the initial principal amount of such that Class, the Initial Invested Amount and the initial Note Balance of such that Class on the Closing Date, (ii) the accrual and payment of interest prior to before the issuance date of such the additional Series 2012-5 20 - Notes, and (iii) the first payment of interest following the issuance of such the additional Series 2012-5 20 - Notes. When issued, such the additional Series 2012-5 20 - Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable applying to those Series 2012-5 20 - Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 2012-5 20 - Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, the Noteholders of any Series, create and issue additional Series 20122017-5 2 Notes of the same Class as any Class issued on the Closing Date. Any such additional Additional Series 20122017-5 2 Notes will form part of and have the same Principal Terms as such the previously issued Class, except for (i) the initial principal amount of such that Class, the Initial Invested Amount and the initial Note Balance of such that Class on the Closing Date, (ii) the accrual and payment of interest prior to before the issuance date of such the additional Series 20122017-5 Notes, 2 Notes and (iii) the first payment of interest following the issuance of such the additional Series 20122017-5 2 Notes. When issued, such the additional Series 20122017-5 2 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable applying to those Series 20122017-5 2 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122017-5 2 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, the Noteholders of any Series, create and issue additional Series 20122019-5 4 Notes of the same Class as any Class issued on the Closing Date. Any such additional Additional Series 20122019-5 4 Notes will form part of and have the same Principal Terms as such the previously issued Class, except for (i) the initial principal amount of such that Class, the Initial Invested Amount and the initial Note Balance of such that Class on the Closing Date, (ii) the accrual and payment of interest prior to before the issuance date of such the additional Series 20122019-5 Notes, 4 Notes and (iii) the first payment of interest following the issuance of such the additional Series 20122019-5 4 Notes. When issued, such the additional Series 20122019-5 4 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable applying to those Series 20122019-5 4 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122019-5 4 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, the Noteholders of any Series, create and issue additional Series 20122016-5 4 Notes of the same Class as any Class issued on the Closing Date. Any such additional Additional Series 20122016-5 4 Notes will form part of and have the same Principal Terms as such the previously issued Class, except for (i) the initial principal amount of such that Class, the Initial Invested Amount and the initial Note Balance of such that Class on the Closing Date, (ii) the accrual and payment of interest prior to before the issuance date of such the additional Series 20122016-5 4 Notes, and (iii) the first payment of interest following the issuance of such the additional Series 20122016-5 4 Notes. When issued, such the additional Series 20122016-5 4 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable applying to those Series 20122016-5 4 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122016-5 4 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan Corp, Ford Credit Floorplan Corp

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, the Noteholders of any Series, create and issue additional Series 20122017-5 3 Notes of the same Class as any Class issued on the Closing Date. Any such additional Additional Series 20122017-5 3 Notes will form part of and have the same Principal Terms as such the previously issued Class, except for (i) the initial principal amount of such that Class, the Initial Invested Amount and the initial Note Balance of such that Class on the Closing Date, (ii) the accrual and payment of interest prior to before the issuance date of such the additional Series 20122017-5 Notes, 3 Notes and (iii) the first payment of interest following the issuance of such the additional Series 20122017-5 3 Notes. When issued, such the additional Series 20122017-5 3 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable applying to those Series 20122017-5 3 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122017-5 3 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, Noteholders of any Series, create and issue additional Series 20122013-5 1 Notes of the same Class as any Class issued on the Closing Date. Any such additional Series 20122013-5 1 Notes will form part of and have the same Principal Terms as such previously issued Class, except for (i) the initial principal amount of such Class, the Initial Invested Amount and the initial Note Balance of such Class on the Closing Date, (ii) the accrual and payment of interest prior to the issuance date of such additional Series 20122013-5 1 Notes, and (iii) the first payment of interest following the issuance of such additional Series 20122013-5 1 Notes. When issued, such additional Series 20122013-5 1 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable to those Series 20122013-5 1 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122013-5 1 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan Master Owner Trust A, Ford Credit Floorplan Master Owner Trust A

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, the Noteholders of any Series, create and issue additional Series 20122019-5 1 Notes of the same Class as any Class issued on the Closing Date. Any such additional Additional Series 20122019-5 1 Notes will form part of and have the same Principal Terms as such the previously issued Class, except for (i) the initial principal amount of such that Class, the Initial Invested Amount and the initial Note Balance of such that Class on the Closing Date, (ii) the accrual and payment of interest prior to before the issuance date of such the additional Series 20122019-5 Notes, 1 Notes and (iii) the first payment of interest following the issuance of such the additional Series 20122019-5 1 Notes. When issued, such the additional Series 20122019-5 1 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable applying to those Series 20122019-5 1 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122019-5 1 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, the Noteholders of any Series, create and issue additional Series 20122020-5 1 Notes of the same Class as any Class issued on the Closing Date. Any such additional Additional Series 20122020-5 1 Notes will form part of and have the same Principal Terms as such the previously issued Class, except for (i) the initial principal amount of such that Class, the Initial Invested Amount and the initial Note Balance of such that Class on the Closing Date, (ii) the accrual and payment of interest prior to before the issuance date of such the additional Series 20122020-5 Notes, 1 Notes and (iii) the first payment of interest following the issuance of such the additional Series 20122020-5 1 Notes. When issued, such the additional Series 20122020-5 1 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable applying to those Series 20122020-5 1 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122020-5 1 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

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

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, Noteholders of any Series, create and issue additional Series 20122013-5 4 Notes of the same Class as any Class issued on the Closing Date. Any such additional Series 20122013-5 4 Notes will form part of and have the same Principal Terms as such previously issued Class, except for (i) the initial principal amount of such Class, the Initial Invested Amount and the initial Note Balance of such Class on the Closing Date, (ii) the accrual and payment of interest prior to the issuance date of such additional Series 20122013-5 4 Notes, and (iii) the first payment of interest following the issuance of such additional Series 20122013-5 4 Notes. When issued, such additional Series 20122013-5 4 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable to those Series 20122013-5 4 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122013-5 4 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan Master Owner Trust A, Ford Credit Floorplan Master Owner Trust A

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, Noteholders of any Series, create and issue additional Series 20122015-5 1 Notes of the same Class as any Class issued on the Closing Date. Any such additional Series 20122015-5 1 Notes will form part of and have the same Principal Terms as such the previously issued Class, except for (i) the initial principal amount of such the previously issued Class, the Initial Invested Amount and the initial Note Balance of such the previously issued Class on the Closing Date, (ii) the accrual and payment of interest prior to the issuance date of such the additional Series 20122015-5 Notes, 1 Notes and (iii) the first payment of interest following the issuance of such the additional Series 20122015-5 1 Notes. When issued, such the additional Series 20122015-5 1 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable to those Series 20122015-5 1 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122015-5 1 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan Master Owner Trust A, Ford Credit Floorplan Master Owner Trust A

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, the Noteholders of any Series, create and issue additional Series 2012-5 20 - Notes of the same Class as any Class issued on the Closing Date. Any such additional Additional Series 2012-5 20 - Notes will form part of and have the same Principal Terms as such the previously issued Class, except for (i) the initial principal amount of such that Class, the Initial Invested Amount and the initial Note Balance of such that Class on the Closing Date, (ii) the accrual and payment of interest prior to before the issuance date of such the additional Series 2012-5 20 - Notes, and (iii) the first payment of interest following the issuance of such the additional Series 2012-5 20 - Notes. When issued, such the additional Series 2012-5 20 - Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable applying to those Series 2012-5 20 - Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 2012-5 20 - Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

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

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, Noteholders of any Series, create and issue additional Series 20122013-5 Notes of the same Class as any Class issued on the Closing Date. Any such additional Series 20122013-5 Notes will form part of and have the same Principal Terms as such previously issued Class, except for (i) the initial principal amount of such Class, the Initial Invested Amount and the initial Note Balance of such Class on the Closing Date, (ii) the accrual and payment of interest prior to the issuance date of such additional Series 20122013-5 Notes, and (iii) the first payment of interest following the issuance of such additional Series 20122013-5 Notes. When issued, such additional Series 20122013-5 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable to those Series 20122013-5 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122013-5 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan Master Owner Trust A, Ford Credit Floorplan Master Owner Trust A

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, the Noteholders of any Series, create and issue additional Series 20122020-5 2 Notes of the same Class as any Class issued on the Closing Date. Any such additional Additional Series 20122020-5 2 Notes will form part of and have the same Principal Terms as such the previously issued Class, except for (i) the initial principal amount of such that Class, the Initial Invested Amount and the initial Note Balance of such that Class on the Closing Date, (ii) the accrual and payment of interest prior to before the issuance date of such the additional Series 20122020-5 Notes, 2 Notes and (iii) the first payment of interest following the issuance of such the additional Series 20122020-5 2 Notes. When issued, such the additional Series 20122020-5 2 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable applying to those Series 20122020-5 2 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122020-5 2 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

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

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, Noteholders of any Series, create and issue additional Series 20122015-5 Notes of the same Class as any Class issued on the Closing Date. Any such additional Series 20122015-5 Notes will form part of and have the same Principal Terms as such the previously issued Class, except for (i) the initial principal amount of such the previously issued Class, the Initial Invested Amount and the initial Note Balance of such the previously issued Class on the Closing Date, (ii) the accrual and payment of interest prior to the issuance date of such the additional Series 20122015-5 Notes, Notes and (iii) the first payment of interest following the issuance of such the additional Series 20122015-5 Notes. When issued, such the additional Series 20122015-5 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable to those Series 20122015-5 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122015-5 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan Master Owner Trust A, Ford Credit Floorplan Master Owner Trust A

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Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, Noteholders of any Series, create and issue additional Series 2012-5 1 Notes of the same Class as any Class issued on the Closing Date. Any such additional Series 2012-5 1 Notes will form part of and have the same Principal Terms as such previously issued Class, except for (i) the initial principal amount of such Class, the Initial Invested Amount and the initial Note Balance of such Class on the Closing Date, (ii) the accrual and payment of interest prior to the issuance date of such additional Series 2012-5 1 Notes, and (iii) the first payment of interest following the issuance of such additional Series 2012-5 1 Notes. When issued, such additional Series 2012-5 1 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable to those Series 2012-5 1 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 2012-5 1 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan Master Owner Trust a Series 2012-1, Ford Credit Floorplan Master Owner Trust a Series 2012-1

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, the Noteholders of any Series, create and issue additional Series 20122018-5 1 Notes of the same Class as any Class issued on the Closing Date. Any such additional Additional Series 20122018-5 1 Notes will form part of and have the same Principal Terms as such the previously issued Class, except for (i) the initial principal amount of such that Class, the Initial Invested Amount and the initial Note Balance of such that Class on the Closing Date, (ii) the accrual and payment of interest prior to before the issuance date of such the additional Series 20122018-5 Notes, 1 Notes and (iii) the first payment of interest following the issuance of such the additional Series 20122018-5 1 Notes. When issued, such the additional Series 20122018-5 1 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable applying to those Series 20122018-5 1 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122018-5 1 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, the Noteholders of any Series, create and issue additional Series 20122019-5 2 Notes of the same Class as any Class issued on the Closing Date. Any such additional Additional Series 20122019-5 2 Notes will form part of and have the same Principal Terms as such the previously issued Class, except for (i) the initial principal amount of such that Class, the Initial Invested Amount and the initial Note Balance of such that Class on the Closing Date, (ii) the accrual and payment of interest prior to before the issuance date of such the additional Series 20122019-5 Notes, 2 Notes and (iii) the first payment of interest following the issuance of such the additional Series 20122019-5 2 Notes. When issued, such the additional Series 20122019-5 2 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable applying to those Series 20122019-5 2 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122019-5 2 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, Noteholders of any Series, create and issue additional Series 20122014-5 1 Notes of the same Class as any Class issued on the Closing Date. Any such additional Series 20122014-5 1 Notes will form part of and have the same Principal Terms as such previously issued Class, except for (i) the initial principal amount of such Class, the Initial Invested Amount and the initial Note Balance of such Class on the Closing Date, (ii) the accrual and payment of interest prior to the issuance date of such additional Series 20122014-5 1 Notes, and (iii) the first payment of interest following the issuance of such additional Series 20122014-5 1 Notes. When issued, such additional Series 20122014-5 1 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable to those Series 20122014-5 1 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122014-5 1 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan Master Owner Trust A, Ford Credit Floorplan Master Owner Trust A

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, Noteholders of any Series, create and issue additional Series 20122015-5 2 Notes of the same Class as any Class issued on the Closing Date. Any such additional Series 20122015-5 2 Notes will form part of and have the same Principal Terms as such the previously issued Class, except for (i) the initial principal amount of such the previously issued Class, the Initial Invested Amount and the initial Note Balance of such the previously issued Class on the Closing Date, (ii) the accrual and payment of interest prior to the issuance date of such the additional Series 20122015-5 Notes, 2 Notes and (iii) the first payment of interest following the issuance of such the additional Series 20122015-5 2 Notes. When issued, such the additional Series 20122015-5 2 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable to those Series 20122015-5 2 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122015-5 2 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan Master Owner Trust A, Ford Credit Floorplan Master Owner Trust A

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, the Noteholders of any Series, create and issue additional Series 20122017-5 1 Notes of the same Class as any Class issued on the Closing Date. Any such additional Additional Series 20122017-5 1 Notes will form part of and have the same Principal Terms as such the previously issued Class, except for (i) the initial principal amount of such that Class, the Initial Invested Amount and the initial Note Balance of such that Class on the Closing Date, (ii) the accrual and payment of interest prior to before the issuance date of such the additional Series 20122017-5 Notes, 1 Notes and (iii) the first payment of interest following the issuance of such the additional Series 20122017-5 1 Notes. When issued, such the additional Series 20122017-5 1 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable applying to those Series 20122017-5 1 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122017-5 1 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan Corp, Ford Credit Floorplan LLC

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, Noteholders of any Series, create and issue additional Series 2012-5 4 Notes of the same Class as any Class issued on the Closing Date. Any such additional Series 2012-5 4 Notes will form part of and have the same Principal Terms as such previously issued Class, except for (i) the initial principal amount of such Class, the Initial Invested Amount and the initial Note Balance of such Class on the Closing Date, (ii) the accrual and payment of interest prior to the issuance date of such additional Series 2012-5 4 Notes, and (iii) the first payment of interest following the issuance of such additional Series 2012-5 4 Notes. When issued, such additional Series 2012-5 4 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable to those Series 2012-5 4 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 2012-5 4 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Series 2012 (Ford Credit Floorplan Master Owner Trust a Series 2012-4), Ford Credit Floorplan Master Owner Trust a Series 2012-4

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, Noteholders of any Series, create and issue additional Series 2012-5 2 Notes of the same Class as any Class issued on the Closing Date. Any such additional Series 2012-5 2 Notes will form part of and have the same Principal Terms as such previously issued Class, except for (i) the initial principal amount of such Class, the Initial Invested Amount and the initial Note Balance of such Class on the Closing Date, (ii) the accrual and payment of interest prior to the issuance date of such additional Series 2012-5 2 Notes, and (iii) the first payment of interest following the issuance of such additional Series 2012-5 2 Notes. When issued, such additional Series 2012-5 2 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable to those Series 2012-5 2 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 2012-5 2 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Series 2012 (Ford Credit Floorplan Master Owner Trust a Series 2012-2), Ford Credit Floorplan Master Owner Trust a Series 2012-2

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, the Noteholders of any Series, create and issue additional Series 20122018-5 3 Notes of the same Class as any Class issued on the Closing Date. Any such additional Additional Series 20122018-5 3 Notes will form part of and have the same Principal Terms as such the previously issued Class, except for (i) the initial principal amount of such that Class, the Initial Invested Amount and the initial Note Balance of such that Class on the Closing Date, (ii) the accrual and payment of interest prior to before the issuance date of such the additional Series 20122018-5 Notes, 3 Notes and (iii) the first payment of interest following the issuance of such the additional Series 20122018-5 3 Notes. When issued, such the additional Series 20122018-5 3 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable applying to those Series 20122018-5 3 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122018-5 3 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, Noteholders of any Series, create and issue additional Series 20122013-5 3 Notes of the same Class as any Class issued on the Closing Date. Any such additional Series 20122013-5 3 Notes will form part of and have the same Principal Terms as such previously issued Class, except for (i) the initial principal amount of such Class, the Initial Invested Amount and the initial Note Balance of such Class on the Closing Date, (ii) the accrual and payment of interest prior to the issuance date of such additional Series 20122013-5 3 Notes, and (iii) the first payment of interest following the issuance of such additional Series 20122013-5 3 Notes. When issued, such additional Series 20122013-5 3 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable to those Series 20122013-5 3 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122013-5 3 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan Master Owner Trust A, Ford Credit Floorplan Master Owner Trust A

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, the Noteholders of any Series, create and issue additional Series 20122018-5 2 Notes of the same Class as any Class issued on the Closing Date. Any such additional Additional Series 20122018-5 2 Notes will form part of and have the same Principal Terms as such the previously issued Class, except for (i) the initial principal amount of such that Class, the Initial Invested Amount and the initial Note Balance of such that Class on the Closing Date, (ii) the accrual and payment of interest prior to before the issuance date of such the additional Series 20122018-5 Notes, 2 Notes and (iii) the first payment of interest following the issuance of such the additional Series 20122018-5 2 Notes. When issued, such the additional Series 20122018-5 2 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable applying to those Series 20122018-5 2 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122018-5 2 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, Noteholders of any Series, create and issue additional Series 20122014-5 2 Notes of the same Class as any Class issued on the Closing Date. Any such additional Series 20122014-5 2 Notes will form part of and have the same Principal Terms as such previously issued Class, except for (i) the initial principal amount of such Class, the Initial Invested Amount and the initial Note Balance of such Class on the Closing Date, (ii) the accrual and payment of interest prior to the issuance date of such additional Series 20122014-5 2 Notes, and (iii) the first payment of interest following the issuance of such additional Series 20122014-5 2 Notes. When issued, such additional Series 20122014-5 2 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable to those Series 20122014-5 2 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122014-5 2 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Ford Credit Floorplan Master Owner Trust A, Ford Credit Floorplan Master Owner Trust A

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, Noteholders of any Series, create and issue additional Series 2012-5 20 - Notes of the same Class as any Class issued on the Closing Date. Any such additional Series 2012-5 20 - Notes will form part of and have the same Principal Terms as such previously issued Class, except for (i) the initial principal amount of such Class, the Initial Invested Amount and the initial Note Balance of such Class on the Closing Date, (ii) the accrual and payment of interest prior to the issuance date of such additional Series 2012-5 20 - Notes, and (iii) the first payment of interest following the issuance of such additional Series 2012-5 20 - Notes. When issued, such additional Series 2012-5 20 - Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable to those Series 2012-5 20 - Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 2012-5 20 - Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such additional issuance will be subject to the satisfaction of the following conditions:

Appears in 1 contract

Samples: Ford Credit Floorplan Master Owner Trust A

Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, Noteholders of any Series, create and issue additional Series 20122011-5 1 Notes of the same Class as any Class issued on the Closing Date. Any such additional Series 20122011-5 1 Notes will form part of and have the same Principal Terms as such previously issued Class, except for (i) the initial principal amount of such Class, the Initial Invested Amount and the initial Note Balance of such Class on the Closing Date, (ii) the accrual and payment of interest prior to the issuance date of such additional Series 20122011-5 1 Notes, and (iii) the first payment of interest following the issuance of such additional Series 20122011-5 1 Notes. When issued, such additional Series 20122011-5 1 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable to those Series 20122011-5 1 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20122011-5 1 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such additional issuance will be subject to the satisfaction of the following conditions:

Appears in 1 contract

Samples: Ford Credit Floorplan Master Owner Trust a Series 2011-1

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