Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the March 2022 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the February 2022 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”
Appears in 4 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the March 2022 20 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the February 2022 20 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”
Appears in 4 contracts
Samples: Series (Ford Credit Floorplan LLC), Series (Ford Credit Floorplan LLC), Ford Credit Floorplan LLC
Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the March 2022 November 2019 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the February 2022 October 2019 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”
Appears in 2 contracts
Samples: Ford Credit Floorplan Corp, Ford Credit Floorplan LLC
Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the March 2022 April 2021 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the February 2022 March 2021 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the March 2022 January 2018 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the February 2022 December 2017 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”
Appears in 2 contracts
Samples: Ford Credit Floorplan Corp, Ford Credit Floorplan Corp
Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the March 2022 2024 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the February 2022 2024 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the March 2022 2023 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the February 2022 2023 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”
Appears in 2 contracts
Samples: Series 2020 (Ford Credit Floorplan LLC), Series 2020 (Ford Credit Floorplan LLC)
Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the March 2022 October 2023 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the February 2022 September 2023 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the March 2022 May 2019 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the February 2022 April 2019 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”
Appears in 2 contracts
Samples: Series 2016 (Ford Credit Floorplan Corp), Ford Credit Floorplan Corp
Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the March September 2022 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the February August 2022 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the March 2022 September 2021 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the February 2022 August 2021 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the March 2022 November 2020 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the February 2022 October 2020 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the March 2022 2025 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the February 2022 2025 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”
Appears in 2 contracts
Samples: Series 2020 (Ford Credit Floorplan LLC), Ford Credit Floorplan LLC
Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the March 2022 August 2018 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the February 2022 July 2018 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”
Appears in 2 contracts
Samples: Series 2016 (Ford Credit Floorplan Corp), Series 2016 (Ford Credit Floorplan Corp)
Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the March 2022 2020 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the February 2022 2020 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC
Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the March 2022 January 2019 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the February 2022 December 2018 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”
Appears in 2 contracts
Samples: Ford Credit Floorplan Corp, Ford Credit Floorplan Corp
Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to start on the first day of the March 2022 May 2028 Collection Period. However, if the Accumulation Period Length is less than six Collection Periods, the date the Controlled Accumulation Period actually starts will be delayed to the first day of the Collection Period that is the number of Collection Periods before the Expected Final Payment Date at least equal to the Accumulation Period Length. On or before each Determination Date starting with the Determination Date in the February 2022 April 2028 Collection Period and ending when the Controlled Accumulation Period starts, the Servicer will determine the “Accumulation Period Length.”
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC