Common use of Available Investor Interest Collections Clause in Contracts

Available Investor Interest Collections. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date and to the extent of Available Investor Interest Collections in the Collection Account, make the following applications, payments or deposits in the following order of priority: (i) to the Noteholders of each Class of Class A Notes, the Accrued Note Interest for each Class of Class A Notes for that Payment Date or, if Available Investor Interest Collections are insufficient to pay the Accrued Note Interest in full for each Class of Class A Notes, to the Noteholders of each Class of Class A Notes, pro rata, based on the Note Balance of each Class of Class A Notes; (ii) to the Noteholders of the Class B Notes, the Accrued Note Interest for the Class B Notes for that Payment Date; (iii) to the Noteholders of the Class C Notes, the Accrued Note Interest for the Class C Notes for that Payment Date; (iv) to the Noteholders of the Class D Notes, the Accrued Note Interest for the Class D Notes for that Payment Date; (v) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 2020-1 Notes, and, to or at the direction of the Issuer, any expenses incurred by the Issuer for the Series 2020-1 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator, up to a maximum of $375,000 per year; (vi) pro rata (A) to the Back-up Servicer, the Monthly Back-up Servicing Fee for that Payment Date, if any, together with any Monthly Back-up Servicing Fees previously due but not paid on prior Payment Dates, and (B) if Ford Credit or one of its Affiliates is no longer the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (vii) to treat as Available Investor Principal Collections for that Payment Date, the Investor Default Amount for that Payment Date; (viii) to the Series 2020-1 Reserve Account, the Series 2020-1 Reserve Account Deposit Amount for that Payment Date; (ix) to treat as Available Investor Principal Collections for that Payment Date, the sum of Investor Charge-Offs that have not been previously reimbursed; (x) to treat as Available Investor Principal Collections for that Payment Date, the sum of Reallocated Principal Collections that have not been previously reimbursed; (xi) starting on the Series 2020-1 Accumulation Period Reserve Account Funding Date, to the Series 2020-1 Accumulation Period Reserve Account, the Series 2020-1 Accumulation Period Reserve Account Deposit Amount for that Payment Date; (xii) if Ford Credit is the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement to increase the Available Subordinated Amount, the excess of the Required Subordinated Amount over the Available Subordinated Amount (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiv) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 2020-1 Notes, and any expenses incurred by the Issuer for the Series 2020-1 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator or under clause (v) above; (xv) to the Back-up Servicer, any amounts due under Section 2.3(b) of the Back-up Servicing Agreement and any Transition Costs due under Section 2.3(c) of the Back-up Servicing Agreement in excess of the amount in the Back-up Servicer Reserve Account, in each case, for the Series 2020-1 Notes; (xvi) to treat as Excess Interest Collections available from Series 2020-1, the Interest Collections Shortfalls for other Series in Excess Interest Sharing Group One; and (xvii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement, all remaining Available Investor Interest Collections.

Available Investor Interest Collections. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date and to the extent of Available Investor Interest Collections in the Collection Account, make the following applications, payments or deposits in the following order of priority: (i) to the Noteholders of each [the][each Class of of] Class A Notes, the Accrued Note Interest for each [the][each Class of of] Class A Notes for that Payment Date [or, if Available Investor Interest Collections are insufficient to pay the Accrued Note Interest in full for each Class of Class A Notes, to the Noteholders of each Class of Class A Notes, pro rata, based on the Note Balance of each Class of Class A Notes]; (ii) to the Noteholders of the Class B Notes, the Accrued Note Interest for the Class B Notes for that Payment Date; (iii) to the Noteholders of the Class C Notes, the Accrued Note Interest for the Class C Notes for that Payment Date; (iv) to the Noteholders of the Class D Notes, the Accrued Note Interest for the Class D Notes for that Payment Date; (v) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 2020-1 20 - Notes, and, to or at the direction of the Issuer, any expenses incurred by the Issuer for the Series 2020-1 20 - Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator, up to a maximum of $375,000 $ per year; (vi) pro rata (A) to the Back-up Servicer, the Monthly Back-up Servicing Fee for that Payment Date, if any, together with any Monthly Back-up Servicing Fees previously due but not paid on prior Payment Dates, and (B) if Ford Credit or one of its Affiliates is no longer the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (vii) to treat as Available Investor Principal Collections for that Payment Date, the Investor Default Amount for that Payment Date; (viii) to the Series 2020-1 20 - Reserve Account, the Series 2020-1 20 - Reserve Account Deposit Amount for that Payment Date; (ix) to treat as Available Investor Principal Collections for that Payment Date, the sum of Investor Charge-Offs that have not been previously reimbursed; (x) to treat as Available Investor Principal Collections for that Payment Date, the sum of Reallocated Principal Collections that have not been previously reimbursed; (xi) starting on the Series 2020-1 20 - Accumulation Period Reserve Account Funding Date, to the Series 2020-1 20 - Accumulation Period Reserve Account, the Series 2020-1 20 - Accumulation Period Reserve Account Deposit Amount for that Payment Date; (xii) if Ford Credit is the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement to increase the Available Subordinated Amount, the excess of the Required Subordinated Amount over the Available Subordinated Amount (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiv) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 2020-1 20 - Notes, and any expenses incurred by the Issuer for the Series 2020-1 20 - Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator or under clause (v) above; (xv) to the Back-up Servicer, any amounts due under Section 2.3(b) of the Back-up Servicing Agreement and any Transition Costs due under Section 2.3(c) of the Back-up Servicing Agreement in excess of the amount in the Back-up Servicer Reserve Account, in each case, for the Series 2020-1 20 - Notes; (xvi) to treat as Excess Interest Collections available from Series 2020-120 - , the Interest Collections Shortfalls for other Series in Excess Interest Sharing Group One; and (xvii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement, all remaining Available Investor Interest Collections.

Available Investor Interest Collections. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date and to the extent of Available Investor Interest Collections in the Collection Account, make the following applications, payments or deposits in the following order of priority: (i) to the Noteholders of each Class of the Class A Notes, the Accrued Note Interest for each Class of the Class A Notes for that Payment Date or, if Available Investor Interest Collections are insufficient to pay the Accrued Note Interest in full for each Class of Class A Notes, to the Noteholders of each Class of Class A Notes, pro rata, based on the Note Balance of each Class of Class A NotesDate; (ii) to the Noteholders of the Class B Notes, the Accrued Note Interest for the Class B Notes for that Payment Date; (iii) to the Noteholders of the Class C Notes, the Accrued Note Interest for the Class C Notes for that Payment Date; (iv) to the Noteholders of the Class D Notes, the Accrued Note Interest for the Class D Notes for that Payment Date; (v) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202018-1 4 Notes, and, to or at the direction of the Issuer, any expenses incurred by the Issuer for the Series 20202018-1 4 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator, up to a maximum of $375,000 per year; (vi) pro rata (A) to the Back-up Servicer, the Monthly Back-up Servicing Fee for that Payment Date, if any, together with any Monthly Back-up Servicing Fees previously due but not paid on prior Payment Dates, and (B) if Ford Credit or one of its Affiliates is no longer the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (vii) to treat as Available Investor Principal Collections for that Payment Date, the Investor Default Amount for that Payment Date; (viii) to the Series 20202018-1 4 Reserve Account, the Series 20202018-1 4 Reserve Account Deposit Amount for that Payment Date; (ix) to treat as Available Investor Principal Collections for that Payment Date, the sum of Investor Charge-Offs that have not been previously reimbursed; (x) to treat as Available Investor Principal Collections for that Payment Date, the sum of Reallocated Principal Collections that have not been previously reimbursed; (xi) starting on the Series 20202018-1 4 Accumulation Period Reserve Account Funding Date, to the Series 20202018-1 4 Accumulation Period Reserve Account, the Series 20202018-1 4 Accumulation Period Reserve Account Deposit Amount for that Payment Date; (xii) if Ford Credit is the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement to increase the Available Subordinated Amount, the excess of the Required Subordinated Amount over the Available Subordinated Amount (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiv) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202018-1 4 Notes, and any expenses incurred by the Issuer for the Series 20202018-1 4 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator or under clause (v) above; (xv) to the Back-up Servicer, any amounts due under Section 2.3(b) of the Back-up Servicing Agreement and any Transition Costs due under Section 2.3(c) of the Back-up Servicing Agreement in excess of the amount in the Back-up Servicer Reserve Account, in each case, for the Series 20202018-1 4 Notes; (xvi) to treat as Excess Interest Collections available from Series 20202018-14, the Interest Collections Shortfalls for other Series in Excess Interest Sharing Group One; and (xvii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement, all remaining Available Investor Interest Collections.

Available Investor Interest Collections. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date and to the extent of Available Investor Interest Collections in the Collection Account, make the following applications, payments or deposits in the following order of priority: (i) to the Noteholders of each Class of Class A Notes, the Accrued Note Interest for each Class of Class A Notes for that Payment Date or, if Available Investor Interest Collections are insufficient to pay the Accrued Note Interest in full for each Class of Class A Notes, to the Noteholders of each Class of Class A Notes, pro rata, based on the Note Balance of each Class of Class A Notes; (ii) to the Noteholders of the Class B Notes, the Accrued Note Interest for the Class B Notes for that Payment Date; (iii) to the Noteholders of the Class C Notes, the Accrued Note Interest for the Class C Notes for that Payment Date; (iv) to the Noteholders of the Class D Notes, the Accrued Note Interest for the Class D Notes for that Payment Date; (v) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202019-1 3 Notes, and, to or at the direction of the Issuer, any expenses incurred by the Issuer for the Series 20202019-1 3 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator, up to a maximum of $375,000 per year; (vi) pro rata (A) to the Back-up Servicer, the Monthly Back-up Servicing Fee for that Payment Date, if any, together with any Monthly Back-up Servicing Fees previously due but not paid on prior Payment Dates, and (B) if Ford Credit or one of its Affiliates is no longer the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (vii) to treat as Available Investor Principal Collections for that Payment Date, the Investor Default Amount for that Payment Date; (viii) to the Series 20202019-1 3 Reserve Account, the Series 20202019-1 3 Reserve Account Deposit Amount for that Payment Date; (ix) to treat as Available Investor Principal Collections for that Payment Date, the sum of Investor Charge-Offs that have not been previously reimbursed; (x) to treat as Available Investor Principal Collections for that Payment Date, the sum of Reallocated Principal Collections that have not been previously reimbursed; (xi) starting on the Series 20202019-1 3 Accumulation Period Reserve Account Funding Date, to the Series 20202019-1 3 Accumulation Period Reserve Account, the Series 20202019-1 3 Accumulation Period Reserve Account Deposit Amount for that Payment Date; (xii) if Ford Credit is the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement to increase the Available Subordinated Amount, the excess of the Required Subordinated Amount over the Available Subordinated Amount (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiv) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202019-1 3 Notes, and any expenses incurred by the Issuer for the Series 20202019-1 3 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator or under clause (v) above; (xv) to the Back-up Servicer, any amounts due under Section 2.3(b) of the Back-up Servicing Agreement and any Transition Costs due under Section 2.3(c) of the Back-up Servicing Agreement in excess of the amount in the Back-up Servicer Reserve Account, in each case, for the Series 20202019-1 3 Notes; (xvi) to treat as Excess Interest Collections available from Series 20202019-13, the Interest Collections Shortfalls for other Series in Excess Interest Sharing Group One; and (xvii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement, all remaining Available Investor Interest Collections.

Available Investor Interest Collections. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date and to the extent of Available Investor Interest Collections in the Collection Account, make the following applications, payments or deposits in the following order of priority: (i) to the Noteholders of each Class of the Class A Notes, the Accrued Note Interest for each Class of the Class A Notes for that Payment Date or, if Available Investor Interest Collections are insufficient to pay the Accrued Note Interest in full for each Class of Class A Notes, to the Noteholders of each Class of Class A Notes, pro rata, based on the Note Balance of each Class of Class A NotesDate; (ii) to the Noteholders of the Class B Notes, the Accrued Note Interest for the Class B Notes for that Payment Date; (iii) to the Noteholders of the Class C Notes, the Accrued Note Interest for the Class C Notes for that Payment Date; (iv) to the Noteholders of the Class D Notes, the Accrued Note Interest for the Class D Notes for that Payment Date; (v) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202019-1 4 Notes, and, to or at the direction of the Issuer, any expenses incurred by the Issuer for the Series 20202019-1 4 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator, up to a maximum of $375,000 per year; (vi) pro rata (A) to the Back-up Servicer, the Monthly Back-up Servicing Fee for that Payment Date, if any, together with any Monthly Back-up Servicing Fees previously due but not paid on prior Payment Dates, and (B) if Ford Credit or one of its Affiliates is no longer the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (vii) to treat as Available Investor Principal Collections for that Payment Date, the Investor Default Amount for that Payment Date; (viii) to the Series 20202019-1 4 Reserve Account, the Series 20202019-1 4 Reserve Account Deposit Amount for that Payment Date; (ix) to treat as Available Investor Principal Collections for that Payment Date, the sum of Investor Charge-Offs that have not been previously reimbursed; (x) to treat as Available Investor Principal Collections for that Payment Date, the sum of Reallocated Principal Collections that have not been previously reimbursed; (xi) starting on the Series 20202019-1 4 Accumulation Period Reserve Account Funding Date, to the Series 20202019-1 4 Accumulation Period Reserve Account, the Series 20202019-1 4 Accumulation Period Reserve Account Deposit Amount for that Payment Date; (xii) if Ford Credit is the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement to increase the Available Subordinated Amount, the excess of the Required Subordinated Amount over the Available Subordinated Amount (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiv) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202019-1 4 Notes, and any expenses incurred by the Issuer for the Series 20202019-1 4 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator or under clause (v) above; (xv) to the Back-up Servicer, any amounts due under Section 2.3(b) of the Back-up Servicing Agreement and any Transition Costs due under Section 2.3(c) of the Back-up Servicing Agreement in excess of the amount in the Back-up Servicer Reserve Account, in each case, for the Series 20202019-1 4 Notes; (xvi) to treat as Excess Interest Collections available from Series 20202019-14, the Interest Collections Shortfalls for other Series in Excess Interest Sharing Group One; and (xvii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement, all remaining Available Investor Interest Collections.

Available Investor Interest Collections. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date and to the extent of Available Investor Interest Collections in the Collection Account, make the following applications, payments or deposits in the following order of priority: (i) to the Noteholders of each Class of Class A Notes, the Accrued Note Interest for each Class of Class A Notes for that Payment Date or, if Available Investor Interest Collections are insufficient to pay the Accrued Note Interest in full for each Class of Class A Notes, to the Noteholders of each Class of Class A Notes, pro rata, based on the Note Balance of each Class of Class A Notes; (ii) to the Noteholders of the Class B Notes, the Accrued Note Interest for the Class B Notes for that Payment Date; (iii) to the Noteholders of the Class C Notes, the Accrued Note Interest for the Class C Notes for that Payment Date; (iv) to the Noteholders of the Class D Notes, the Accrued Note Interest for the Class D Notes for that Payment Date; (v) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202016-1 4 Notes, and, to or at the direction of the Issuer, and any expenses incurred by the Issuer for the Series 20202016-1 4 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator, up to a maximum of $375,000 per year; (vi) pro rata (A) to the Back-up Servicer, the Monthly Back-up Servicing Fee for that Payment Date, if any, together with any Monthly Back-up Servicing Fees previously due but not paid on prior Payment Dates, and (B) if Ford Credit or one of its Affiliates is no longer the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (vii) to treat as Available Investor Principal Collections for that Payment Date, the Investor Default Amount for that Payment Date; (viii) to the Series 20202016-1 4 Reserve Account, the Series 20202016-1 4 Reserve Account Deposit Amount for that Payment Date; (ix) to treat as Available Investor Principal Collections for that Payment Date, the sum of Investor Charge-Offs that have not been previously reimbursed; (x) to treat as Available Investor Principal Collections for that Payment Date, the sum of Reallocated Principal Collections that have not been previously reimbursed; (xi) starting on the Series 20202016-1 4 Accumulation Period Reserve Account Funding Date, to the Series 20202016-1 4 Accumulation Period Reserve Account, the Series 20202016-1 4 Accumulation Period Reserve Account Deposit Amount for that Payment Date; (xii) if Ford Credit is the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement to increase the Available Subordinated Amount, the excess of the Required Subordinated Amount over the Available Subordinated Amount (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiv) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202016-1 4 Notes, and any expenses incurred by the Issuer for the Series 20202016-1 4 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator or under clause (v) above; (xv) to the Back-up Servicer, any amounts due under Section 2.3(b) of the Back-up Servicing Agreement and any Transition Costs due under Section 2.3(c) of the Back-up Servicing Agreement in excess of the amount in the Back-up Servicer Reserve Account, in each case, for the Series 20202016-1 4 Notes; (xvi) to treat as Excess Interest Collections available from Series 20202016-14, the Interest Collections Shortfalls for other Series in Excess Interest Sharing Group One; and (xvii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement, all remaining Available Investor Interest Collections.

Available Investor Interest Collections. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date and to the extent of Available Investor Interest Collections in the Collection Account, make the following applications, payments or deposits in the following order of priority: (i) to the Noteholders of each Class of Class A Notes, the Accrued Note Interest for each Class of Class A Notes for that Payment Date or, if Available Investor Interest Collections are insufficient to pay the Accrued Note Interest in full for each Class of Class A Notes, to the Noteholders of each Class of Class A Notes, pro rata, based on the Note Balance of each Class of Class A Notes; (ii) to the Noteholders of the Class B Notes, the Accrued Note Interest for the Class B Notes for that Payment Date; (iii) to the Noteholders of the Class C Notes, the Accrued Note Interest for the Class C Notes for that Payment Date; (iv) to the Noteholders of the Class D Notes, the Accrued Note Interest for the Class D Notes for that Payment Date; (v) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202017-1 Notes, and, to or at the direction of the Issuer, and any expenses incurred by the Issuer for the Series 20202017-1 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator, up to a maximum of $375,000 per year; (vi) pro rata (A) to the Back-up Servicer, the Monthly Back-up Servicing Fee for that Payment Date, if any, together with any Monthly Back-up Servicing Fees previously due but not paid on prior Payment Dates, and (B) if Ford Credit or one of its Affiliates is no longer the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (vii) to treat as Available Investor Principal Collections for that Payment Date, the Investor Default Amount for that Payment Date; (viii) to the Series 20202017-1 Reserve Account, the Series 20202017-1 Reserve Account Deposit Amount for that Payment Date; (ix) to treat as Available Investor Principal Collections for that Payment Date, the sum of Investor Charge-Offs that have not been previously reimbursed; (x) to treat as Available Investor Principal Collections for that Payment Date, the sum of Reallocated Principal Collections that have not been previously reimbursed; (xi) starting on the Series 20202017-1 Accumulation Period Reserve Account Funding Date, to the Series 20202017-1 Accumulation Period Reserve Account, the Series 20202017-1 Accumulation Period Reserve Account Deposit Amount for that Payment Date; (xii) if Ford Credit is the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement to increase the Available Subordinated Amount, the excess of the Required Subordinated Amount over the Available Subordinated Amount (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiv) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202017-1 Notes, and any expenses incurred by the Issuer for the Series 20202017-1 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator or under clause (v) above; (xv) to the Back-up Servicer, any amounts due under Section 2.3(b) of the Back-up Servicing Agreement and any Transition Costs due under Section 2.3(c) of the Back-up Servicing Agreement in excess of the amount in the Back-up Servicer Reserve Account, in each case, for the Series 20202017-1 Notes; (xvi) to treat as Excess Interest Collections available from Series 20202017-1, the Interest Collections Shortfalls for other Series in Excess Interest Sharing Group One; and (xvii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement, all remaining Available Investor Interest Collections.

Available Investor Interest Collections. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date and to the extent of Available Investor Interest Collections in the Collection Account, make the following applications, payments or deposits in the following order of priority: (i) to the Noteholders of each Class of the Class A Notes, the Accrued Note Interest for each Class of the Class A Notes for that Payment Date or, if Available Investor Interest Collections are insufficient to pay the Accrued Note Interest in full for each Class of Class A Notes, to the Noteholders of each Class of Class A Notes, pro rata, based on the Note Balance of each Class of Class A NotesDate; (ii) to the Noteholders of the Class B Notes, the Accrued Note Interest for the Class B Notes for that Payment Date; (iii) to the Noteholders of the Class C Notes, the Accrued Note Interest for the Class C Notes for that Payment Date; (iv) to the Noteholders of the Class D Notes, the Accrued Note Interest for the Class D Notes for that Payment Date; (v) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202019-1 Notes, and, to or at the direction of the Issuer, any expenses incurred by the Issuer for the Series 20202019-1 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator, up to a maximum of $375,000 per year; (vi) pro rata (A) to the Back-up Servicer, the Monthly Back-up Servicing Fee for that Payment Date, if any, together with any Monthly Back-up Servicing Fees previously due but not paid on prior Payment Dates, and (B) if Ford Credit or one of its Affiliates is no longer the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (vii) to treat as Available Investor Principal Collections for that Payment Date, the Investor Default Amount for that Payment Date; (viii) to the Series 20202019-1 Reserve Account, the Series 20202019-1 Reserve Account Deposit Amount for that Payment Date; (ix) to treat as Available Investor Principal Collections for that Payment Date, the sum of Investor Charge-Offs that have not been previously reimbursed; (x) to treat as Available Investor Principal Collections for that Payment Date, the sum of Reallocated Principal Collections that have not been previously reimbursed; (xi) starting on the Series 20202019-1 Accumulation Period Reserve Account Funding Date, to the Series 20202019-1 Accumulation Period Reserve Account, the Series 20202019-1 Accumulation Period Reserve Account Deposit Amount for that Payment Date; (xii) if Ford Credit is the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement to increase the Available Subordinated Amount, the excess of the Required Subordinated Amount over the Available Subordinated Amount (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiv) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202019-1 Notes, and any expenses incurred by the Issuer for the Series 20202019-1 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator or under clause (v) above; (xv) to the Back-up Servicer, any amounts due under Section 2.3(b) of the Back-up Servicing Agreement and any Transition Costs due under Section 2.3(c) of the Back-up Servicing Agreement in excess of the amount in the Back-up Servicer Reserve Account, in each case, for the Series 20202019-1 Notes; (xvi) to treat as Excess Interest Collections available from Series 20202019-1, the Interest Collections Shortfalls for other Series in Excess Interest Sharing Group One; and (xvii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement, all remaining Available Investor Interest Collections.

Available Investor Interest Collections. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date and to the extent of Available Investor Interest Collections in the Collection Account, make the following applications, payments or deposits in the following order of priority: (i) to the Noteholders of each Class of the Class A Notes, the Accrued Note Interest for each Class of the Class A Notes for that Payment Date or, if Available Investor Interest Collections are insufficient to pay the Accrued Note Interest in full for each Class of Class A Notes, to the Noteholders of each Class of Class A Notes, pro rata, based on the Note Balance of each Class of Class A NotesDate; (ii) to the Noteholders of the Class B Notes, the Accrued Note Interest for the Class B Notes for that Payment Date; (iii) to the Noteholders of the Class C Notes, the Accrued Note Interest for the Class C Notes for that Payment Date; (iv) to the Noteholders of the Class D Notes, the Accrued Note Interest for the Class D Notes for that Payment Date; (v) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202019-1 2 Notes, and, to or at the direction of the Issuer, any expenses incurred by the Issuer for the Series 20202019-1 2 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator, up to a maximum of $375,000 per year; (vi) pro rata (A) to the Back-up Servicer, the Monthly Back-up Servicing Fee for that Payment Date, if any, together with any Monthly Back-up Servicing Fees previously due but not paid on prior Payment Dates, and (B) if Ford Credit or one of its Affiliates is no longer the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (vii) to treat as Available Investor Principal Collections for that Payment Date, the Investor Default Amount for that Payment Date; (viii) to the Series 20202019-1 2 Reserve Account, the Series 20202019-1 2 Reserve Account Deposit Amount for that Payment Date; (ix) to treat as Available Investor Principal Collections for that Payment Date, the sum of Investor Charge-Offs that have not been previously reimbursed; (x) to treat as Available Investor Principal Collections for that Payment Date, the sum of Reallocated Principal Collections that have not been previously reimbursed; (xi) starting on the Series 20202019-1 2 Accumulation Period Reserve Account Funding Date, to the Series 20202019-1 2 Accumulation Period Reserve Account, the Series 20202019-1 2 Accumulation Period Reserve Account Deposit Amount for that Payment Date; (xii) if Ford Credit is the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement to increase the Available Subordinated Amount, the excess of the Required Subordinated Amount over the Available Subordinated Amount (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiv) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202019-1 2 Notes, and any expenses incurred by the Issuer for the Series 20202019-1 2 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator or under clause (v) above; (xv) to the Back-up Servicer, any amounts due under Section 2.3(b) of the Back-up Servicing Agreement and any Transition Costs due under Section 2.3(c) of the Back-up Servicing Agreement in excess of the amount in the Back-up Servicer Reserve Account, in each case, for the Series 20202019-1 2 Notes; (xvi) to treat as Excess Interest Collections available from Series 20202019-12, the Interest Collections Shortfalls for other Series in Excess Interest Sharing Group One; and (xvii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement, all remaining Available Investor Interest Collections.

Available Investor Interest Collections. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date and to the extent of Available Investor Interest Collections in the Collection Account, make the following applications, payments or deposits in the following order of priority: (i) to the Noteholders of each Class of Class A Notes, the Accrued Note Interest for each Class of Class A Notes for that Payment Date or, if Available Investor Interest Collections are insufficient to pay the Accrued Note Interest in full for each Class of Class A Notes, to the Noteholders of each Class of Class A Notes, pro rata, based on the Note Balance of each Class of Class A Notes; (ii) to the Noteholders of the Class B Notes, the Accrued Note Interest for the Class B Notes for that Payment Date; (iii) to the Noteholders of the Class C Notes, the Accrued Note Interest for the Class C Notes for that Payment Date; (iv) to the Noteholders of the Class D Notes, the Accrued Note Interest for the Class D Notes for that Payment Date; (v) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202016-1 5 Notes, and, to or at the direction of the Issuer, and any expenses incurred by the Issuer for the Series 20202016-1 5 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator, up to a maximum of $375,000 per year; (vi) pro rata (A) to the Back-up Servicer, the Monthly Back-up Servicing Fee for that Payment Date, if any, together with any Monthly Back-up Servicing Fees previously due but not paid on prior Payment Dates, and (B) if Ford Credit or one of its Affiliates is no longer the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (vii) to treat as Available Investor Principal Collections for that Payment Date, the Investor Default Amount for that Payment Date; (viii) to the Series 20202016-1 5 Reserve Account, the Series 20202016-1 5 Reserve Account Deposit Amount for that Payment Date; (ix) to treat as Available Investor Principal Collections for that Payment Date, the sum of Investor Charge-Offs that have not been previously reimbursed; (x) to treat as Available Investor Principal Collections for that Payment Date, the sum of Reallocated Principal Collections that have not been previously reimbursed; (xi) starting on the Series 20202016-1 5 Accumulation Period Reserve Account Funding Date, to the Series 20202016-1 5 Accumulation Period Reserve Account, the Series 20202016-1 5 Accumulation Period Reserve Account Deposit Amount for that Payment Date; (xii) if Ford Credit is the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement to increase the Available Subordinated Amount, the excess of the Required Subordinated Amount over the Available Subordinated Amount (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiv) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202016-1 5 Notes, and any expenses incurred by the Issuer for the Series 20202016-1 5 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator or under clause (v) above; (xv) to the Back-up Servicer, any amounts due under Section 2.3(b) of the Back-up Servicing Agreement and any Transition Costs due under Section 2.3(c) of the Back-up Servicing Agreement in excess of the amount in the Back-up Servicer Reserve Account, in each case, for the Series 20202016-1 5 Notes; (xvi) to treat as Excess Interest Collections available from Series 20202016-15, the Interest Collections Shortfalls for other Series in Excess Interest Sharing Group One; and (xvii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement, all remaining Available Investor Interest Collections.

Available Investor Interest Collections. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date and to the extent of Available Investor Interest Collections in the Collection Account, make the following applications, payments or deposits in the following order of priority: (i) to the Noteholders of each Class of the Class A Notes, the Accrued Note Interest for each Class of the Class A Notes for that Payment Date or, if Available Investor Interest Collections are insufficient to pay the Accrued Note Interest in full for each Class of Class A Notes, to the Noteholders of each Class of Class A Notes, pro rata, based on the Note Balance of each Class of Class A NotesDate; (ii) to the Noteholders of the Class B Notes, the Accrued Note Interest for the Class B Notes for that Payment Date; (iii) to the Noteholders of the Class C Notes, the Accrued Note Interest for the Class C Notes for that Payment Date; (iv) to the Noteholders of the Class D Notes, the Accrued Note Interest for the Class D Notes for that Payment Date; (v) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 2020-1 2 Notes, and, to or at the direction of the Issuer, any expenses incurred by the Issuer for the Series 2020-1 2 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator, up to a maximum of $375,000 per year; (vi) pro rata (A) to the Back-up Servicer, the Monthly Back-up Servicing Fee for that Payment Date, if any, together with any Monthly Back-up Servicing Fees previously due but not paid on prior Payment Dates, and (B) if Ford Credit or one of its Affiliates is no longer the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (vii) to treat as Available Investor Principal Collections for that Payment Date, the Investor Default Amount for that Payment Date; (viii) to the Series 2020-1 2 Reserve Account, the Series 2020-1 2 Reserve Account Deposit Amount for that Payment Date; (ix) to treat as Available Investor Principal Collections for that Payment Date, the sum of Investor Charge-Offs that have not been previously reimbursed; (x) to treat as Available Investor Principal Collections for that Payment Date, the sum of Reallocated Principal Collections that have not been previously reimbursed; (xi) starting on the Series 2020-1 2 Accumulation Period Reserve Account Funding Date, to the Series 2020-1 2 Accumulation Period Reserve Account, the Series 2020-1 2 Accumulation Period Reserve Account Deposit Amount for that Payment Date; (xii) if Ford Credit is the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement to increase the Available Subordinated Amount, the excess of the Required Subordinated Amount over the Available Subordinated Amount (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiv) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 2020-1 2 Notes, and any expenses incurred by the Issuer for the Series 2020-1 2 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator or under clause (v) above; (xv) to the Back-up Servicer, any amounts due under Section 2.3(b) of the Back-up Servicing Agreement and any Transition Costs due under Section 2.3(c) of the Back-up Servicing Agreement in excess of the amount in the Back-up Servicer Reserve Account, in each case, for the Series 2020-1 2 Notes; (xvi) to treat as Excess Interest Collections available from Series 2020-12, the Interest Collections Shortfalls for other Series in Excess Interest Sharing Group One; and (xvii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement, all remaining Available Investor Interest Collections.

Available Investor Interest Collections. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date and to the extent of Available Investor Interest Collections in the Collection Account, make the following applications, payments or deposits in the following order of priority: (i) to the Noteholders of each Class of Class A Notes, the Accrued Note Interest for each Class of Class A Notes for that Payment Date or, if Available Investor Interest Collections are insufficient to pay the Accrued Note Interest in full for each Class of Class A Notes, to the Noteholders of each Class of Class A Notes, pro rata, based on the Note Balance of each Class of Class A Notes; (ii) to the Noteholders of the Class B Notes, the Accrued Note Interest for the Class B Notes for that Payment Date; (iii) to the Noteholders of the Class C Notes, the Accrued Note Interest for the Class C Notes for that Payment Date; (iv) to the Noteholders of the Class D Notes, the Accrued Note Interest for the Class D Notes for that Payment Date; (v) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202018-1 3 Notes, and, to or at the direction of the Issuer, any expenses incurred by the Issuer for the Series 20202018-1 3 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator, up to a maximum of $375,000 per year; (vi) pro rata (A) to the Back-up Servicer, the Monthly Back-up Servicing Fee for that Payment Date, if any, together with any Monthly Back-up Servicing Fees previously due but not paid on prior Payment Dates, and (B) if Ford Credit or one of its Affiliates is no longer the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (vii) to treat as Available Investor Principal Collections for that Payment Date, the Investor Default Amount for that Payment Date; (viii) to the Series 20202018-1 3 Reserve Account, the Series 20202018-1 3 Reserve Account Deposit Amount for that Payment Date; (ix) to treat as Available Investor Principal Collections for that Payment Date, the sum of Investor Charge-Offs that have not been previously reimbursed; (x) to treat as Available Investor Principal Collections for that Payment Date, the sum of Reallocated Principal Collections that have not been previously reimbursed; (xi) starting on the Series 20202018-1 3 Accumulation Period Reserve Account Funding Date, to the Series 20202018-1 3 Accumulation Period Reserve Account, the Series 20202018-1 3 Accumulation Period Reserve Account Deposit Amount for that Payment Date; (xii) if Ford Credit is the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement to increase the Available Subordinated Amount, the excess of the Required Subordinated Amount over the Available Subordinated Amount (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiv) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202018-1 3 Notes, and any expenses incurred by the Issuer for the Series 20202018-1 3 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator or under clause (v) above; (xv) to the Back-up Servicer, any amounts due under Section 2.3(b) of the Back-up Servicing Agreement and any Transition Costs due under Section 2.3(c) of the Back-up Servicing Agreement in excess of the amount in the Back-up Servicer Reserve Account, in each case, for the Series 20202018-1 3 Notes; (xvi) to treat as Excess Interest Collections available from Series 20202018-13, the Interest Collections Shortfalls for other Series in Excess Interest Sharing Group One; and (xvii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement, all remaining Available Investor Interest Collections.

Available Investor Interest Collections. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date and to the extent of Available Investor Interest Collections in the Collection Account, make the following applications, payments or deposits in the following order of priority: (i) to the Noteholders of each Class of Class A Notes, the Accrued Note Interest for each Class of Class A Notes for that Payment Date or, if Available Investor Interest Collections are insufficient to pay the Accrued Note Interest in full for each Class of Class A Notes, to the Noteholders of each Class of Class A Notes, pro rata, based on the Note Balance of each Class of Class A Notes; (ii) to the Noteholders of the Class B Notes, the Accrued Note Interest for the Class B Notes for that Payment Date; (iii) to the Noteholders of the Class C Notes, the Accrued Note Interest for the Class C Notes for that Payment Date; (iv) to the Noteholders of the Class D Notes, the Accrued Note Interest for the Class D Notes for that Payment Date; (v) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202016-1 3 Notes, and, to or at the direction of the Issuer, and any expenses incurred by the Issuer for the Series 20202016-1 3 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator, up to a maximum of $375,000 per year; (vi) pro rata (A) to the Back-up Servicer, the Monthly Back-up Servicing Fee for that Payment Date, if any, together with any Monthly Back-up Servicing Fees previously due but not paid on prior Payment Dates, and (B) if Ford Credit or one of its Affiliates is no longer the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (vii) to treat as Available Investor Principal Collections for that Payment Date, the Investor Default Amount for that Payment Date; (viii) to the Series 20202016-1 3 Reserve Account, the Series 20202016-1 3 Reserve Account Deposit Amount for that Payment Date; (ix) to treat as Available Investor Principal Collections for that Payment Date, the sum of Investor Charge-Offs that have not been previously reimbursed; (x) to treat as Available Investor Principal Collections for that Payment Date, the sum of Reallocated Principal Collections that have not been previously reimbursed; (xi) starting on the Series 20202016-1 3 Accumulation Period Reserve Account Funding Date, to the Series 20202016-1 3 Accumulation Period Reserve Account, the Series 20202016-1 3 Accumulation Period Reserve Account Deposit Amount for that Payment Date; (xii) if Ford Credit is the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement to increase the Available Subordinated Amount, the excess of the Required Subordinated Amount over the Available Subordinated Amount (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiv) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202016-1 3 Notes, and any expenses incurred by the Issuer for the Series 20202016-1 3 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator or under clause (v) above; (xv) to the Back-up Servicer, any amounts due under Section 2.3(b) of the Back-up Servicing Agreement and any Transition Costs due under Section 2.3(c) of the Back-up Servicing Agreement in excess of the amount in the Back-up Servicer Reserve Account, in each case, for the Series 20202016-1 3 Notes; (xvi) to treat as Excess Interest Collections available from Series 20202016-13, the Interest Collections Shortfalls for other Series in Excess Interest Sharing Group One; and (xvii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement, all remaining Available Investor Interest Collections.

Available Investor Interest Collections. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date and to the extent of Available Investor Interest Collections in the Collection Account, make the following applications, payments or deposits in the following order of priority: (i) to the Noteholders of each Class of the Class A Notes, the Accrued Note Interest for each Class of the Class A Notes for that Payment Date or, if Available Investor Interest Collections are insufficient to pay the Accrued Note Interest in full for each Class of Class A Notes, to the Noteholders of each Class of Class A Notes, pro rata, based on the Note Balance of each Class of Class A NotesDate; (ii) to the Noteholders of the Class B Notes, the Accrued Note Interest for the Class B Notes for that Payment Date; (iii) to the Noteholders of the Class C Notes, the Accrued Note Interest for the Class C Notes for that Payment Date; (iv) to the Noteholders of the Class D Notes, the Accrued Note Interest for the Class D Notes for that Payment Date; (v) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202018-1 2 Notes, and, to or at the direction of the Issuer, any expenses incurred by the Issuer for the Series 20202018-1 2 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator, up to a maximum of $375,000 per year; (vi) pro rata (A) to the Back-up Servicer, the Monthly Back-up Servicing Fee for that Payment Date, if any, together with any Monthly Back-up Servicing Fees previously due but not paid on prior Payment Dates, and (B) if Ford Credit or one of its Affiliates is no longer the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (vii) to treat as Available Investor Principal Collections for that Payment Date, the Investor Default Amount for that Payment Date; (viii) to the Series 20202018-1 2 Reserve Account, the Series 20202018-1 2 Reserve Account Deposit Amount for that Payment Date; (ix) to treat as Available Investor Principal Collections for that Payment Date, the sum of Investor Charge-Offs that have not been previously reimbursed; (x) to treat as Available Investor Principal Collections for that Payment Date, the sum of Reallocated Principal Collections that have not been previously reimbursed; (xi) starting on the Series 20202018-1 2 Accumulation Period Reserve Account Funding Date, to the Series 20202018-1 2 Accumulation Period Reserve Account, the Series 20202018-1 2 Accumulation Period Reserve Account Deposit Amount for that Payment Date; (xii) if Ford Credit is the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement to increase the Available Subordinated Amount, the excess of the Required Subordinated Amount over the Available Subordinated Amount (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiv) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202018-1 2 Notes, and any expenses incurred by the Issuer for the Series 20202018-1 2 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator or under clause (v) above; (xv) to the Back-up Servicer, any amounts due under Section 2.3(b) of the Back-up Servicing Agreement and any Transition Costs due under Section 2.3(c) of the Back-up Servicing Agreement in excess of the amount in the Back-up Servicer Reserve Account, in each case, for the Series 20202018-1 2 Notes; (xvi) to treat as Excess Interest Collections available from Series 20202018-12, the Interest Collections Shortfalls for other Series in Excess Interest Sharing Group One; and (xvii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement, all remaining Available Investor Interest Collections.

Available Investor Interest Collections. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date and to the extent of Available Investor Interest Collections in the Collection Account, make the following applications, payments or deposits in the following order of priority: (i) to the Noteholders of each Class of Class A Notes, the Accrued Note Interest for each Class of Class A Notes for that Payment Date or, if Available Investor Interest Collections are insufficient to pay the Accrued Note Interest in full for each Class of Class A Notes, to the Noteholders of each Class of Class A Notes, pro rata, based on the Note Balance of each Class of Class A Notes; (ii) to the Noteholders of the Class B Notes, the Accrued Note Interest for the Class B Notes for that Payment Date; (iii) to the Noteholders of the Class C Notes, the Accrued Note Interest for the Class C Notes for that Payment Date; (iv) to the Noteholders of the Class D Notes, the Accrued Note Interest for the Class D Notes for that Payment Date; (v) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202016-1 Notes, and, to or at the direction of the Issuer, and any expenses incurred by the Issuer for the Series 20202016-1 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator, up to a maximum of $375,000 per year; (vi) pro rata (A) to the Back-up Servicer, the Monthly Back-up Servicing Fee for that Payment Date, if any, together with any Monthly Back-up Servicing Fees previously due but not paid on prior Payment Dates, and (B) if Ford Credit or one of its Affiliates is no longer the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (vii) to treat as Available Investor Principal Collections for that Payment Date, the Investor Default Amount for that Payment Date; (viii) to the Series 20202016-1 Reserve Account, the Series 20202016-1 Reserve Account Deposit Amount for that Payment Date; (ix) to treat as Available Investor Principal Collections for that Payment Date, the sum of Investor Charge-Offs that have not been previously reimbursed; (x) to treat as Available Investor Principal Collections for that Payment Date, the sum of Reallocated Principal Collections that have not been previously reimbursed; (xi) starting on the Series 20202016-1 Accumulation Period Reserve Account Funding Date, to the Series 20202016-1 Accumulation Period Reserve Account, the Series 20202016-1 Accumulation Period Reserve Account Deposit Amount for that Payment Date; (xii) if Ford Credit is the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement to increase the Available Subordinated Amount, the excess of the Required Subordinated Amount over the Available Subordinated Amount (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiv) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202016-1 Notes, and any expenses incurred by the Issuer for the Series 20202016-1 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator or under clause (v) above; (xv) to the Back-up Servicer, any amounts due under Section 2.3(b) of the Back-up Servicing Agreement and any Transition Costs due under Section 2.3(c) of the Back-up Servicing Agreement in excess of the amount in the Back-up Servicer Reserve Account, in each case, for the Series 20202016-1 Notes; (xvi) to treat as Excess Interest Collections available from Series 20202016-1, the Interest Collections Shortfalls for other Series in Excess Interest Sharing Group One; and (xvii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement, all remaining Available Investor Interest Collections.

Available Investor Interest Collections. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date and to the extent of Available Investor Interest Collections in the Collection Account, make the following applications, payments or deposits in the following order of priority: (i) to the Noteholders of each [the][each Class of of] Class A Notes, the Accrued Note Interest for each [the][each Class of of] Class A Notes for that Payment Date [or, if Available Investor Interest Collections are insufficient to pay the Accrued Note Interest in full for each Class of Class A Notes, to the Noteholders of each Class of Class A Notes, pro rata, based on the Note Balance of each Class of Class A Notes]; (ii) to the Noteholders of the Class B Notes, the Accrued Note Interest for the Class B Notes for that Payment Date; (iii) to the Noteholders of the Class C Notes, the Accrued Note Interest for the Class C Notes for that Payment Date; (iv) to the Noteholders of the Class D Notes, the Accrued Note Interest for the Class D Notes for that Payment Date; (v) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 2020-1 20 - Notes, and, to or at the direction of the Issuer, and any expenses incurred by the Issuer for the Series 2020-1 20 - Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator, up to a maximum of $375,000 $ per year; (vi) pro rata (A) to the Back-up Servicer, the Monthly Back-up Servicing Fee for that Payment Date, if any, together with any Monthly Back-up Servicing Fees previously due but not paid on prior Payment Dates, and (B) if Ford Credit or one of its Affiliates is no longer the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (vii) to treat as Available Investor Principal Collections for that Payment Date, the Investor Default Amount for that Payment Date; (viii) to the Series 2020-1 20 - Reserve Account, the Series 2020-1 20 - Reserve Account Deposit Amount for that Payment Date; (ix) to treat as Available Investor Principal Collections for that Payment Date, the sum of Investor Charge-Offs that have not been previously reimbursed; (x) to treat as Available Investor Principal Collections for that Payment Date, the sum of Reallocated Principal Collections that have not been previously reimbursed; (xi) starting Starting on the Series 2020-1 20 - Accumulation Period Reserve Account Funding Date, to the Series 2020-1 20 - Accumulation Period Reserve Account, the Series 2020-1 20 - Accumulation Period Reserve Account Deposit Amount for that Payment Date; (xii) if Ford Credit is the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement to increase the Available Subordinated Amount, the excess of the Required Subordinated Amount over the Available Subordinated Amount (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiv) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 2020-1 20 - Notes, and any expenses incurred by the Issuer for the Series 2020-1 20 - Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator or under clause (v) above; (xv) to the Back-up Servicer, any amounts due under Section 2.3(b) of the Back-up Servicing Agreement and any Transition Costs due under Section 2.3(c) of the Back-up Servicing Agreement in excess of the amount in the Back-up Servicer Reserve Account, in each case, for the Series 2020-1 20 - Notes; (xvi) to treat as Excess Interest Collections available from Series 2020-120 - , the Interest Collections Shortfalls for other Series in Excess Interest Sharing Group One; and (xvii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement, all remaining Available Investor Interest Collections.

Available Investor Interest Collections. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date and to the extent of Available Investor Interest Collections in the Collection Account, make the following applications, payments or deposits in the following order of priority: (i) to the Noteholders of each Class of Class A Notes, the Accrued Note Interest for each Class of Class A Notes for that Payment Date or, if Available Investor Interest Collections are insufficient to pay the Accrued Note Interest in full for each Class of Class A Notes, to the Noteholders of each Class of Class A Notes, pro rata, based on the Note Balance of each Class of Class A Notes; (ii) to the Noteholders of the Class B Notes, the Accrued Note Interest for the Class B Notes for that Payment Date; (iii) to the Noteholders of the Class C Notes, the Accrued Note Interest for the Class C Notes for that Payment Date; (iv) to the Noteholders of the Class D Notes, the Accrued Note Interest for the Class D Notes for that Payment Date; (v) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202018-1 Notes, and, to or at the direction of the Issuer, any expenses incurred by the Issuer for the Series 20202018-1 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator, up to a maximum of $375,000 per year; (vi) pro rata (A) to the Back-up Servicer, the Monthly Back-up Servicing Fee for that Payment Date, if any, together with any Monthly Back-up Servicing Fees previously due but not paid on prior Payment Dates, and (B) if Ford Credit or one of its Affiliates is no longer the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (vii) to treat as Available Investor Principal Collections for that Payment Date, the Investor Default Amount for that Payment Date; (viii) to the Series 20202018-1 Reserve Account, the Series 20202018-1 Reserve Account Deposit Amount for that Payment Date; (ix) to treat as Available Investor Principal Collections for that Payment Date, the sum of Investor Charge-Offs that have not been previously reimbursed; (x) to treat as Available Investor Principal Collections for that Payment Date, the sum of Reallocated Principal Collections that have not been previously reimbursed; (xi) starting on the Series 20202018-1 Accumulation Period Reserve Account Funding Date, to the Series 20202018-1 Accumulation Period Reserve Account, the Series 20202018-1 Accumulation Period Reserve Account Deposit Amount for that Payment Date; (xii) if Ford Credit is the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement to increase the Available Subordinated Amount, the excess of the Required Subordinated Amount over the Available Subordinated Amount (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiv) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202018-1 Notes, and any expenses incurred by the Issuer for the Series 20202018-1 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator or under clause (v) above; (xv) to the Back-up Servicer, any amounts due under Section 2.3(b) of the Back-up Servicing Agreement and any Transition Costs due under Section 2.3(c) of the Back-up Servicing Agreement in excess of the amount in the Back-up Servicer Reserve Account, in each case, for the Series 20202018-1 Notes; (xvi) to treat as Excess Interest Collections available from Series 20202018-1, the Interest Collections Shortfalls for other Series in Excess Interest Sharing Group One; and (xvii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement, all remaining Available Investor Interest Collections.

Available Investor Interest Collections. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date and to the extent of Available Investor Interest Collections in the Collection Account, make the following applications, payments or deposits in the following order of priority: (i) to the Noteholders of each Class of Class A Notes, the Accrued Note Interest for each Class of Class A Notes for that Payment Date or, if Available Investor Interest Collections are insufficient to pay the Accrued Note Interest in full for each Class of Class A Notes, to the Noteholders of each Class of Class A Notes, pro rata, based on the Note Balance of each Class of Class A Notes; (ii) to the Noteholders of the Class B Notes, the Accrued Note Interest for the Class B Notes for that Payment Date; (iii) to the Noteholders of the Class C Notes, the Accrued Note Interest for the Class C Notes for that Payment Date; (iv) to the Noteholders of the Class D Notes, the Accrued Note Interest for the Class D Notes for that Payment Date; (v) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202017-1 2 Notes, and, to or at the direction of the Issuer, and any expenses incurred by the Issuer for the Series 20202017-1 2 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator, up to a maximum of $375,000 per year; (vi) pro rata (A) to the Back-up Servicer, the Monthly Back-up Servicing Fee for that Payment Date, if any, together with any Monthly Back-up Servicing Fees previously due but not paid on prior Payment Dates, and (B) if Ford Credit or one of its Affiliates is no longer the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (vii) to treat as Available Investor Principal Collections for that Payment Date, the Investor Default Amount for that Payment Date; (viii) to the Series 20202017-1 2 Reserve Account, the Series 20202017-1 2 Reserve Account Deposit Amount for that Payment Date; (ix) to treat as Available Investor Principal Collections for that Payment Date, the sum of Investor Charge-Offs that have not been previously reimbursed; (x) to treat as Available Investor Principal Collections for that Payment Date, the sum of Reallocated Principal Collections that have not been previously reimbursed; (xi) starting on the Series 20202017-1 2 Accumulation Period Reserve Account Funding Date, to the Series 20202017-1 2 Accumulation Period Reserve Account, the Series 20202017-1 2 Accumulation Period Reserve Account Deposit Amount for that Payment Date; (xii) if Ford Credit is the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement to increase the Available Subordinated Amount, the excess of the Required Subordinated Amount over the Available Subordinated Amount (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiv) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202017-1 2 Notes, and any expenses incurred by the Issuer for the Series 20202017-1 2 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator or under clause (v) above; (xv) to the Back-up Servicer, any amounts due under Section 2.3(b) of the Back-up Servicing Agreement and any Transition Costs due under Section 2.3(c) of the Back-up Servicing Agreement in excess of the amount in the Back-up Servicer Reserve Account, in each case, for the Series 20202017-1 2 Notes; (xvi) to treat as Excess Interest Collections available from Series 20202017-12, the Interest Collections Shortfalls for other Series in Excess Interest Sharing Group One; and (xvii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement, all remaining Available Investor Interest Collections.

Available Investor Interest Collections. If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date and to the extent of Available Investor Interest Collections in the Collection Account, make the following applications, payments or deposits in the following order of priority: (i) to the Noteholders of each Class of the Class A Notes, the Accrued Note Interest for each Class of the Class A Notes for that Payment Date or, if Available Investor Interest Collections are insufficient to pay the Accrued Note Interest in full for each Class of Class A Notes, to the Noteholders of each Class of Class A Notes, pro rata, based on the Note Balance of each Class of Class A NotesDate; (ii) to the Noteholders of the Class B Notes, the Accrued Note Interest for the Class B Notes for that Payment Date; (iii) to the Noteholders of the Class C Notes, the Accrued Note Interest for the Class C Notes for that Payment Date; (iv) to the Noteholders of the Class D Notes, the Accrued Note Interest for the Class D Notes for that Payment Date; (v) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202017-1 3 Notes, and, to or at the direction of the Issuer, and any expenses incurred by the Issuer for the Series 20202017-1 3 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator, up to a maximum of $375,000 per year; (vi) pro rata (A) to the Back-up Servicer, the Monthly Back-up Servicing Fee for that Payment Date, if any, together with any Monthly Back-up Servicing Fees previously due but not paid on prior Payment Dates, and (B) if Ford Credit or one of its Affiliates is no longer the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (vii) to treat as Available Investor Principal Collections for that Payment Date, the Investor Default Amount for that Payment Date; (viii) to the Series 20202017-1 3 Reserve Account, the Series 20202017-1 3 Reserve Account Deposit Amount for that Payment Date; (ix) to treat as Available Investor Principal Collections for that Payment Date, the sum of Investor Charge-Offs that have not been previously reimbursed; (x) to treat as Available Investor Principal Collections for that Payment Date, the sum of Reallocated Principal Collections that have not been previously reimbursed; (xi) starting on the Series 20202017-1 3 Accumulation Period Reserve Account Funding Date, to the Series 20202017-1 3 Accumulation Period Reserve Account, the Series 20202017-1 3 Accumulation Period Reserve Account Deposit Amount for that Payment Date; (xii) if Ford Credit is the Servicer, to the Servicer, the Monthly Servicing Fee for that Payment Date, together with any Monthly Servicing Fees previously due but not paid on prior Payment Dates (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement to increase the Available Subordinated Amount, the excess of the Required Subordinated Amount over the Available Subordinated Amount (unless the amount has been netted against deposits in the Collection Account according to Section 8.4(c) of the Indenture); (xiv) pro rata, to the payment of all amounts, including indemnities, then due to the Owner Trustee, the Indenture Trustee and the Asset Representations Reviewer for the Series 20202017-1 3 Notes, and any expenses incurred by the Issuer for the Series 20202017-1 3 Notes according to the Transaction Documents, in each case, if not paid by the Servicer or the Administrator or under clause (v) above; (xv) to the Back-up Servicer, any amounts due under Section 2.3(b) of the Back-up Servicing Agreement and any Transition Costs due under Section 2.3(c) of the Back-up Servicing Agreement in excess of the amount in the Back-up Servicer Reserve Account, in each case, for the Series 20202017-1 3 Notes; (xvi) to treat as Excess Interest Collections available from Series 20202017-13, the Interest Collections Shortfalls for other Series in Excess Interest Sharing Group One; and (xvii) to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement, all remaining Available Investor Interest Collections.