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

Benefit of Accounts; Xxxxxxxx and Withdrawals. The Series 2016-1 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 2016-1 Secured Parties and, after payment in full of the Series 2016-1 Notes and the release of the Series 2016-1 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 2016-1 Accounts will be made according to the Series 2016-1 Transaction Documents.

Appears in 2 contracts

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

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Benefit of Accounts; Xxxxxxxx and Withdrawals. The Series 20162018-1 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 20162018-1 Secured Parties and, after payment in full of the Series 20162018-1 Notes and the release of the Series 20162018-1 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 20162018-1 Accounts will be made according to the Series 20162018-1 Transaction Documents.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Benefit of Accounts; Xxxxxxxx and Withdrawals. The Series 20162017-1 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 20162017-1 Secured Parties and, after payment in full of the Series 20162017-1 Notes and the release of the Series 20162017-1 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 20162017-1 Accounts will be made according to the Series 20162017-1 Transaction Documents.

Appears in 2 contracts

Samples: Ford Credit Floorplan Corp, Ford Credit Floorplan LLC

Benefit of Accounts; Xxxxxxxx and Withdrawals. The Series 2016-1 4 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 2016-1 4 Secured Parties and, after payment in full of the Series 2016-1 4 Notes and the release of the Series 2016-1 4 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 2016-1 4 Accounts will be made according to the Series 2016-1 4 Transaction Documents.

Appears in 2 contracts

Samples: Ford Credit Floorplan Corp, Ford Credit Floorplan Corp

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Benefit of Accounts; Xxxxxxxx and Withdrawals. The Series 2016-1 5 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 2016-1 5 Secured Parties and, after payment in full of the Series 2016-1 5 Notes and the release of the Series 2016-1 5 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 2016-1 5 Accounts will be made according to the Series 2016-1 5 Transaction Documents.

Appears in 2 contracts

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

Benefit of Accounts; Xxxxxxxx and Withdrawals. The Series 20162019-1 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 2016Series 2019-1 Secured Parties and, after payment in full of the Series 20162019-1 Notes and the release of the Series 20162019-1 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 20162019-1 Accounts will be made according to the Series 20162019-1 Transaction Documents.

Appears in 1 contract

Samples: Ford Credit Floorplan LLC

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