Common use of Benefit of Accounts; Deposits and Withdrawals Clause in Contracts

Benefit of Accounts; Deposits and Withdrawals. The Series 2020-2 Accounts and all cash, money, securities, investments, financial assets and other property deposited in or credited to them will be held by the Indenture Trustee as secured party for the benefit of the Series 2020-2 Secured Parties and, after payment in full of the Series 2020-2 Notes and the release of the Series 2020-2 Accounts from the Lien of this Indenture Supplement, as agent of the Issuer and as part of the Trust Property. All deposits to and withdrawals from the Series 2020-2 Accounts will be made according to the Series 2020-2 Transaction Documents.

Appears in 2 contracts

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

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Benefit of Accounts; Deposits and Withdrawals. The Series 2020-2 1 Accounts and all cash, money, securities, investments, financial assets and other property deposited in or credited to them will be held by the Indenture Trustee as secured party for the benefit of the Series 2020-2 1 Secured Parties and, after payment in full of the Series 2020-2 1 Notes and the release of the Series 2020-2 1 Accounts from the Lien of this Indenture Supplement, as agent of the Issuer and as part of the Trust Property. All deposits to and withdrawals from the Series 2020-2 1 Accounts will be made according to the Series 2020-2 1 Transaction Documents.

Appears in 2 contracts

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

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Benefit of Accounts; Deposits and Withdrawals. The Series 20202019-2 Accounts and all cash, money, securities, investments, financial assets and other property deposited in or credited to them will be held by the Indenture Trustee as secured party for the benefit of the Series 20202019-2 Secured Parties and, after payment in full of the Series 20202019-2 Notes and the release of the Series 20202019-2 Accounts from the Lien of this Indenture Supplement, as agent of the Issuer and as part of the Trust Property. All deposits to and withdrawals from the Series 20202019-2 Accounts will be made according to the Series 20202019-2 Transaction Documents.

Appears in 1 contract

Samples: Indenture Supplement (Ford Credit Floorplan LLC)

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