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, the Noteholders of any Series, create and issue additional Series 2020-2 Notes of the same Class as any Class issued on the Closing Date. Additional Series 2020-2 Notes will form part of and have the same Principal Terms as the previously issued Class, except for (i) the initial principal amount of that Class, the Initial Invested Amount and the initial Note Balance of that Class on the Closing Date, (ii) the accrual and payment of interest before the issuance date of the additional Series 2020-2 Notes and (iii) the first payment of interest following the issuance of the additional Series 2020-2 Notes. When issued, the additional Series 2020-2 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applying to those Series 2020-2 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 2020-2 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)

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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 20202019-2 Notes of the same Class as any Class issued on the Closing Date. Additional Series 20202019-2 Notes will form part of and have the same Principal Terms as the previously issued Class, except for (i) the initial principal amount of that Class, the Initial Invested Amount and the initial Note Balance of that Class on the Closing Date, (ii) the accrual and payment of interest before the issuance date of the additional Series 20202019-2 Notes and (iii) the first payment of interest following the issuance of the additional Series 20202019-2 Notes. When issued, the additional Series 20202019-2 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applying to those Series 20202019-2 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 20202019-2 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (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 20202016-2 3 Notes of the same Class as any Class issued on the Closing Date. Additional Series 20202016-2 3 Notes will form part of and have the same Principal Terms as the previously issued Class, except for (i) the initial principal amount of that Class, the Initial Invested Amount and the initial Note Balance of that Class on the Closing Date, (ii) the accrual and payment of interest before the issuance date of the additional Series 20202016-2 Notes 3 Notes, and (iii) the first payment of interest following the issuance of the additional Series 20202016-2 3 Notes. When issued, the additional Series 20202016-2 3 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applying to those Series 20202016-2 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 20202016-2 3 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan Corp), Indenture Supplement (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 20202019-2 1 Notes of the same Class as any Class issued on the Closing Date. Additional Series 20202019-2 1 Notes will form part of and have the same Principal Terms as the previously issued Class, except for (i) the initial principal amount of that Class, the Initial Invested Amount and the initial Note Balance of that Class on the Closing Date, (ii) the accrual and payment of interest before the issuance date of the additional Series 20202019-2 1 Notes and (iii) the first payment of interest following the issuance of the additional Series 20202019-2 1 Notes. When issued, the additional Series 20202019-2 1 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applying to those Series 20202019-2 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 20202019-2 1 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (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 20202017-2 Notes of the same Class as any Class issued on the Closing Date. Additional Series 20202017-2 Notes will form part of and have the same Principal Terms as the previously issued Class, except for (i) the initial principal amount of that Class, the Initial Invested Amount and the initial Note Balance of that Class on the Closing Date, (ii) the accrual and payment of interest before the issuance date of the additional Series 20202017-2 Notes and (iii) the first payment of interest following the issuance of the additional Series 20202017-2 Notes. When issued, the additional Series 20202017-2 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applying to those Series 20202017-2 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 20202017-2 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (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 20202018-2 4 Notes of the same Class as any Class issued on the Closing Date. Additional Series 20202018-2 4 Notes will form part of and have the same Principal Terms as the previously issued Class, except for (i) the initial principal amount of that Class, the Initial Invested Amount and the initial Note Balance of that Class on the Closing Date, (ii) the accrual and payment of interest before the issuance date of the additional Series 20202018-2 4 Notes and (iii) the first payment of interest following the issuance of the additional Series 20202018-2 4 Notes. When issued, the additional Series 20202018-2 4 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applying to those Series 20202018-2 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 20202018-2 4 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (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 20202017-2 1 Notes of the same Class as any Class issued on the Closing Date. Additional Series 20202017-2 1 Notes will form part of and have the same Principal Terms as the previously issued Class, except for (i) the initial principal amount of that Class, the Initial Invested Amount and the initial Note Balance of that Class on the Closing Date, (ii) the accrual and payment of interest before the issuance date of the additional Series 20202017-2 1 Notes and (iii) the first payment of interest following the issuance of the additional Series 20202017-2 1 Notes. When issued, the additional Series 20202017-2 1 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applying to those Series 20202017-2 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 20202017-2 1 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan Corp), Indenture Supplement (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 20202018-2 Notes of the same Class as any Class issued on the Closing Date. Additional Series 20202018-2 Notes will form part of and have the same Principal Terms as the previously issued Class, except for (i) the initial principal amount of that Class, the Initial Invested Amount and the initial Note Balance of that Class on the Closing Date, (ii) the accrual and payment of interest before the issuance date of the additional Series 20202018-2 Notes and (iii) the first payment of interest following the issuance of the additional Series 20202018-2 Notes. When issued, the additional Series 20202018-2 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applying to those Series 20202018-2 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 20202018-2 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (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 20202018-2 1 Notes of the same Class as any Class issued on the Closing Date. Additional Series 20202018-2 1 Notes will form part of and have the same Principal Terms as the previously issued Class, except for (i) the initial principal amount of that Class, the Initial Invested Amount and the initial Note Balance of that Class on the Closing Date, (ii) the accrual and payment of interest before the issuance date of the additional Series 20202018-2 1 Notes and (iii) the first payment of interest following the issuance of the additional Series 20202018-2 1 Notes. When issued, the additional Series 20202018-2 1 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applying to those Series 20202018-2 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 20202018-2 1 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (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 20202018-2 3 Notes of the same Class as any Class issued on the Closing Date. Additional Series 20202018-2 3 Notes will form part of and have the same Principal Terms as the previously issued Class, except for (i) the initial principal amount of that Class, the Initial Invested Amount and the initial Note Balance of that Class on the Closing Date, (ii) the accrual and payment of interest before the issuance date of the additional Series 20202018-2 3 Notes and (iii) the first payment of interest following the issuance of the additional Series 20202018-2 3 Notes. When issued, the additional Series 20202018-2 3 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applying to those Series 20202018-2 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 20202018-2 3 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (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 20202016-2 4 Notes of the same Class as any Class issued on the Closing Date. Additional Series 20202016-2 4 Notes will form part of and have the same Principal Terms as the previously issued Class, except for (i) the initial principal amount of that Class, the Initial Invested Amount and the initial Note Balance of that Class on the Closing Date, (ii) the accrual and payment of interest before the issuance date of the additional Series 20202016-2 Notes 4 Notes, and (iii) the first payment of interest following the issuance of the additional Series 20202016-2 4 Notes. When issued, the additional Series 20202016-2 4 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applying to those Series 20202016-2 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 20202016-2 4 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan Corp), Indenture Supplement (Ford Credit Floorplan Corp)

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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 20202017-2 3 Notes of the same Class as any Class issued on the Closing Date. Additional Series 20202017-2 3 Notes will form part of and have the same Principal Terms as the previously issued Class, except for (i) the initial principal amount of that Class, the Initial Invested Amount and the initial Note Balance of that Class on the Closing Date, (ii) the accrual and payment of interest before the issuance date of the additional Series 20202017-2 3 Notes and (iii) the first payment of interest following the issuance of the additional Series 20202017-2 3 Notes. When issued, the additional Series 20202017-2 3 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applying to those Series 20202017-2 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 20202017-2 3 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (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 20202019-2 4 Notes of the same Class as any Class issued on the Closing Date. Additional Series 20202019-2 4 Notes will form part of and have the same Principal Terms as the previously issued Class, except for (i) the initial principal amount of that Class, the Initial Invested Amount and the initial Note Balance of that Class on the Closing Date, (ii) the accrual and payment of interest before the issuance date of the additional Series 20202019-2 4 Notes and (iii) the first payment of interest following the issuance of the additional Series 20202019-2 4 Notes. When issued, the additional Series 20202019-2 4 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applying to those Series 20202019-2 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 20202019-2 4 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (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 20202019-2 3 Notes of the same Class as any Class issued on the Closing Date. Additional Series 20202019-2 3 Notes will form part of and have the same Principal Terms as the previously issued Class, except for (i) the initial principal amount of that Class, the Initial Invested Amount and the initial Note Balance of that Class on the Closing Date, (ii) the accrual and payment of interest before the issuance date of the additional Series 20202019-2 3 Notes and (iii) the first payment of interest following the issuance of the additional Series 20202019-2 3 Notes. When issued, the additional Series 20202019-2 3 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applying to those Series 20202019-2 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 20202019-2 3 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (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 20202016-2 5 Notes of the same Class as any Class issued on the Closing Date. Additional Series 20202016-2 5 Notes will form part of and have the same Principal Terms as the previously issued Class, except for (i) the initial principal amount of that Class, the Initial Invested Amount and the initial Note Balance of that Class on the Closing Date, (ii) the accrual and payment of interest before the issuance date of the additional Series 20202016-2 Notes 5 Notes, and (iii) the first payment of interest following the issuance of the additional Series 20202016-2 5 Notes. When issued, the additional Series 20202016-2 5 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applying to those Series 20202016-2 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 20202016-2 5 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan Corp), Indenture Supplement (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 2020-2 20 - Notes of the same Class as any Class issued on the Closing Date. Additional Series 2020-2 20 - Notes will form part of and have the same Principal Terms as the previously issued Class, except for (i) the initial principal amount of that Class, the Initial Invested Amount and the initial Note Balance of that Class on the Closing Date, (ii) the accrual and payment of interest before the issuance date of the additional Series 2020-2 Notes 20 - Notes, and (iii) the first payment of interest following the issuance of the additional Series 2020-2 20 - Notes. When issued, the additional Series 2020-2 20 - Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applying to those Series 2020-2 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 2020-2 20 - Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (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 2020-2 20 - Notes of the same Class as any Class issued on the Closing Date. Additional Series 2020-2 20 - Notes will form part of and have the same Principal Terms as the previously issued Class, except for (i) the initial principal amount of that Class, the Initial Invested Amount and the initial Note Balance of that Class on the Closing Date, (ii) the accrual and payment of interest before the issuance date of the additional Series 2020-2 Notes 20 - Notes, and (iii) the first payment of interest following the issuance of the additional Series 2020-2 20 - Notes. When issued, the additional Series 2020-2 20 - Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applying to those Series 2020-2 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 2020-2 20 - Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (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 2020-2 1 Notes of the same Class as any Class issued on the Closing Date. Additional Series 2020-2 1 Notes will form part of and have the same Principal Terms as the previously issued Class, except for (i) the initial principal amount of that Class, the Initial Invested Amount and the initial Note Balance of that Class on the Closing Date, (ii) the accrual and payment of interest before the issuance date of the additional Series 2020-2 1 Notes and (iii) the first payment of interest following the issuance of the additional Series 2020-2 1 Notes. When issued, the additional Series 2020-2 1 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applying to those Series 2020-2 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 2020-2 1 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate the additional issuance will be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)

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