Calculations and Distributions; Withdrawals from the Reserve Account. (a) On or before two Business Days before a Payment Date, the Servicer will calculate the Reserve Account Draw Amount for such Payment Date and will instruct the Indenture Trustee to withdraw from the Reserve Account and deposit the Reserve Account Draw Amount into the Collection Account on or before such Payment Date.
Appears in 15 contracts
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2014-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2014-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2013-D)
Calculations and Distributions; Withdrawals from the Reserve Account. (a) On or before two Business Days before a Payment each Determination Date, the Servicer will calculate the Reserve Account Draw Amount for such the following Payment Date and will instruct the Indenture Trustee to withdraw from the Reserve Account and deposit the Reserve Account Draw Amount into the Collection Account on or before such Payment Date.
Appears in 14 contracts
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2012-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2012-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2011-B)
Calculations and Distributions; Withdrawals from the Reserve Account. (a) On or before two Business Days before a Payment Date, the Servicer will calculate the Reserve Account Draw Amount for such the Payment Date and will instruct the Indenture Trustee to withdraw from the Reserve Account and deposit the Reserve Account Draw Amount into the Collection Account on or before such the Payment Date.
Appears in 8 contracts
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2015-B), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2015-B), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2015-A)
Calculations and Distributions; Withdrawals from the Reserve Account. (a) On or before two Business Days before a Payment each Determination Date, the Servicer will calculate the Reserve Account Draw Amount for such the following Payment Date and will instruct the Indenture Trustee to withdraw from the Reserve Account and deposit the Reserve Account Draw Amount into the Collection Account on or before such Payment Date.
Appears in 7 contracts
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2006-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2006-C), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2007-A)
Calculations and Distributions; Withdrawals from the Reserve Account. (a) On or before two Business Days before a Payment Date, the Servicer will calculate the Reserve Account Draw Amount for such following Payment Date and will instruct the Indenture Trustee to withdraw from the Reserve Account and deposit the Reserve Account Draw Amount into the Collection Account on or before such Payment Date.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2012-B), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2012-B)
