Common use of Excess Depositor Principal Collections Clause in Contracts

Excess Depositor Principal Collections. On each Deposit Date, the Servicer will make the following deposits and payments from Excess Depositor Principal Collections for that Deposit Date or the related Collection Period, as applicable, in the following order of priority:

Appears in 48 contracts

Samples: Series 2020 (Ford Credit Floorplan LLC), Series 2020 (Ford Credit Floorplan LLC), Series 2020 (Ford Credit Floorplan LLC)

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Excess Depositor Principal Collections. On each Deposit Date, the Servicer will make the following deposits and payments from Excess Depositor Principal Collections for that such Deposit Date or the related Collection Period, as applicable, in the following order of priority:

Appears in 27 contracts

Samples: Series 2012 (Ford Credit Floorplan Master Owner Trust a Series 2012-4), Series 2012 (Ford Credit Floorplan Master Owner Trust a Series 2012-2), Ford Credit Floorplan Master Owner Trust A

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