Common use of Excess Funding Acct Clause in Contracts

Excess Funding Acct. Bal. exceeds 30% of Outstanding Series Adj. Inv. Amts. for 3 periods Additional statistical information regarding Ford Credit’s U.S. Dealer Floorplan portfolio and the Trust’s portfolio for the most recently available quarter can be found on Ford Credit’s website at xxxx://xxxxxxxxxx.xxx/institutionalinvestments/jindex.html. I. 20 - Origination Information II. Series Allocations Available Investor Interest Collections $ Total Interest Collections $ Available Investor Principal Collections $ IV. Interest Calculations Monthly Interest $ $ $ $ V. Available Investor Interest Collections Distribution Payments by Priority Total Interest Amount $ (1) Accrued Note Interest — Class Notes $ (2) Accrued Note Interest — Class Notes $ (3) Accrued Note Interest — Class Notes $ (4) Accrued Note Interest — Class Notes $ (5) Unpaid Fees and Disbursements to Owner/Indenture Trustee up to a max of $150,000.00 per year $ (6) Current and past due Back-up Servicing Fee or Servicing Fee if Ford Credit is no longer Servicer $ (7) Investor Default Amount, to be added to Principal Collections $ (8) Replenish Reserve Fund $ (9) Investor Chargeoffs not previously reimbursed, to be added to Principal Collections $ (10) Reallocated Principal Collections not previously reimbursed, to be added to Principal Collections $ (11) Fund Accumulation Period Reserve Account $ (12) Servicing Fees due Ford Credit $ (13) Required Subordination Shortfall to be sent to holders of Depositor Interest $ (14) Unpaid Fees and Disbursements to Owner/Indenture Trustee under clause (5) $ (15) Other Amounts due to Back-up Servicer or Successor Servicer $ (16) Shared with other series in Excess Interest Sharing Group One $ (17) Remainder released to holders of Depositor Interest $ VI. Available Investor Principal Collections Distribution Payments by Priority VII. Subordination and Participation VIII. Distribution to Holders of Notes

Excess Funding Acct. Bal. exceeds 30% of Outstanding Series Adj. Inv. Amts. for 3 periods Additional statistical information regarding Ford Credit’s U.S. Dealer Floorplan portfolio and the Trust’s portfolio for the most recently available quarter can be found on Ford Credit’s website at xxxx://xxxxxxxxxx.xxx/institutionalinvestments/jindex.html. I. 20 - Origination InformationInformation Beginning of Period Adjusted Invested Amount Increase / (Decrease) End of Period Adjusted Invested Amount Increase / (Decrease) Payment Date Adjusted Invested Amount II. Series Allocations Available Investor Interest Collections $ Total Interest Collections $ Available Investor Principal Collections $ IV. Interest Calculations Monthly Interest $ $ $ $ V. Available Investor Interest Collections Distribution Payments by Priority Total Interest Amount $ (1) Accrued Note Interest — Class Notes $ (2) Accrued Note Interest — Class Notes $ (3) Accrued Note Interest — Class Notes $ (4) Accrued Note Interest — Class Notes $ (5) Unpaid Fees and Disbursements to Owner/Indenture Trustee up to a max of $150,000.00 per year $ (6) Current and past due Back-up Servicing Fee or Servicing Fee if Ford Credit is no longer Servicer $ (7) Investor Default Amount, to be added to Principal Collections $ (8) Replenish Reserve Fund $ (9) Investor Chargeoffs not previously reimbursed, to be added to Principal Collections $ (10) Reallocated Principal Collections not previously reimbursed, to be added to Principal Collections $ (11) Fund Accumulation Period Reserve Account $ (12) Servicing Fees due Ford Credit $ (13) Required Subordination Shortfall to be sent to holders of Depositor Interest $ (14) Unpaid Fees and Disbursements to Owner/Indenture Trustee under clause (5) $ (15) Other Amounts due to Back-up Servicer or Successor Servicer $ (16) Shared with other series in Excess Interest Sharing Group One $ (17) Remainder released to holders of Depositor Interest $ VI. Available Investor Principal Collections Distribution Payments by Priority VII. Subordination and Participation VIII. Distribution to Holders of Notes

Excess Funding Acct. Bal. exceeds 30% of Outstanding Series Adj. Inv. Amts. for 3 periods Additional statistical information regarding Ford Credit’s U.S. Dealer Floorplan portfolio and the Trust’s portfolio for the most recently available quarter can be found on Ford Credit’s website at xxxx://xxxxxxxxxx.xxx/institutionalinvestments/jindex.html. I. 20 - Origination Information II. Series Allocations Available Investor Interest Collections $ Total Interest Collections $ Available Investor Principal Collections $ IV. Interest Calculations Monthly Interest $ $ $ $ V. Available Investor Interest Collections Distribution Payments by Priority Total Interest Amount $ (1) Accrued Note Interest — Class Notes $ (2) Accrued Note Interest — Class Notes $ (3) Accrued Note Interest — Class Notes $ (4) Accrued Note Interest — Class Notes $ (5) Unpaid Fees and Disbursements to Owner/Indenture Trustee up to a max of $150,000.00 per year $ (6) Current and past due Back-up Servicing Fee or Servicing Fee if Ford Credit is no longer Servicer $ (7) Investor Default Amount, to be added to Principal Collections $ (8) Replenish Reserve Fund $ (9) Investor Chargeoffs not previously reimbursed, to be added to Principal Collections $ (10) Reallocated Principal Collections not previously reimbursed, to be added to Principal Collections $ (11) Fund Accumulation Period Reserve Account $ (12) Servicing Fees due Ford Credit $ (13) Required Subordination Shortfall to be sent to holders of Depositor Interest $ (14) Unpaid Fees and Disbursements to Owner/Indenture Trustee under clause (5) $ (15) Other Amounts due to Back-up Servicer or Successor Servicer $ (16) Shared with other series in Excess Interest Sharing Group One $ $ (17) Remainder released to holders of Depositor Interest $ VI. Available Investor Principal Collections Distribution Payments by Priority VII. Subordination and Participation VIII. Distribution to Holders of Notes

Excess Funding Acct. Bal. exceeds 30% of Outstanding Series Adj. Inv. Amts. for 3 periods Additional statistical information regarding Ford Credit’s U.S. Dealer Floorplan portfolio and the Trust’s portfolio for the most recently available quarter can be found on Ford Credit’s website at xxxx://xxxxxxxxxx.xxx/institutionalinvestments/jindex.html. I. 20 - Origination Information II. Series Allocations Available Investor Interest Collections $ Total Interest Collections $ Available Investor Principal Collections $ IV. Interest Calculations Monthly Interest $ $ $ $ V. Available Investor Interest Collections Distribution Payments by Priority Total Interest Amount $ (1) Accrued Note Interest — Class Notes $ (2) Accrued Note Interest — Class Notes $ (3) Accrued Note Interest — Class Notes $ (4) Accrued Note Interest — Class Notes $ (5) Unpaid Fees and Disbursements to Owner/Indenture Trustee up to a max of $150,000.00 per year $ (6) Current and past due Back-up Servicing Fee or Servicing Fee if Ford Credit is no longer Servicer $ (7) Investor Default Amount, to be added to Principal Collections $ (8) Replenish Reserve Fund $ (9) Investor Chargeoffs not previously reimbursed, to be added to Principal Collections $ (10) Reallocated Principal Collections not previously reimbursed, to be added to Principal Collections $ (11) Fund Accumulation Period Reserve Account $ (12) Servicing Fees due Ford Credit $ (13) Required Subordination Shortfall to be sent to holders of Depositor Interest $ (14) Unpaid Fees and Disbursements to Owner/Indenture Trustee under pursuant to clause (5) $ (15) Other Amounts due to Back-up Servicer or Successor Servicer $ (16) Shared with other series in Excess Interest Sharing Group One $ (17) Remainder released to holders of Depositor Interest $ VI. Available Investor Principal Collections Distribution Payments by Priority VII. Subordination and Participation VIII. Distribution to Holders of NotesNotes (per $1,000 denomination note)

Excess Funding Acct. Bal. exceeds 30% of Outstanding Series Adj. Inv. Amts. for 3 periods Additional statistical information regarding Ford Credit’s U.S. Dealer Floorplan portfolio and the Trust’s portfolio for the most recently available quarter can be found on Ford Credit’s website at xxxx://xxxxxxxxxx.xxx/institutionalinvestments/jindex.html. I. 20 - Origination Information II. Series Allocations Available Investor Interest Collections $ Total Interest Collections $ Available Investor Principal Collections $ IV. Interest Calculations Monthly Interest $ $ $ $ V. Available Investor Interest Collections Distribution Payments by Priority Total Interest Amount $ (1) Accrued Note Interest — Class Notes $ (2) Accrued Note Interest — Class Notes $ (3) Accrued Note Interest — Class Notes $ (4) Accrued Note Interest — Class Notes $ (5) Unpaid Fees and Disbursements to Owner/Indenture Trustee up to a max of $150,000.00 per year $ (6) Current and past due Back-up Servicing Fee or Servicing Fee if Ford Credit is no longer Servicer $ (7) Investor Default Amount, to be added to Principal Collections $ (8) Replenish Reserve Fund $ (9) Investor Chargeoffs not previously reimbursed, to be added to Principal Collections $ (10) Reallocated Principal Collections not previously reimbursed, to be added to Principal Collections $ (11) Fund Accumulation Period Reserve Account $ (12) Servicing Fees due Ford Credit $ (13) Required Subordination Shortfall to be sent to holders of Depositor Interest $ (14) Unpaid Fees and Disbursements to Owner/Indenture Trustee under pursuant to clause (5) $ (15) Other Amounts due to Back-up Servicer or Successor Servicer $ (16) Shared with other series in Excess Interest Sharing Group One $ (17) Remainder released to holders of Depositor Interest $ VI. Available Investor Principal Collections Distribution Payments by Priority VII. Subordination and Participation VIII. Distribution to Holders of Notes

Excess Funding Acct. Bal. exceeds 30% of Outstanding Series Adj. Inv. Amts. for 3 periods Additional statistical information regarding Ford Credit’s U.S. Dealer Floorplan portfolio and the Trust’s portfolio for the most recently available quarter can be found on Ford Credit’s website at xxxx://xxxxxxxxxx.xxx/institutionalinvestments/jindex.html. I. 20 - Origination Information II. Series Allocations Available Investor Interest Collections $ Total Interest Collections $ Available Investor Principal Collections $ IV. Interest Calculations Monthly Interest $ $ $ $ V. Available Investor Interest Collections Distribution Payments by Priority Total Interest Amount $Priority (1) Accrued Note Interest — Class Notes $ (2) Accrued Note Interest — Class Notes $ (3) Accrued Note Interest — Class Notes $ (4) Accrued Note Interest — Class Notes $ (5) Unpaid Fees and Disbursements to Owner/Indenture Trustee up to a max of $150,000.00 per year $ (6) Current and past due Back-up Servicing Fee or Servicing Fee if Ford Credit is no longer Servicer $ (7) Investor Default Amount, to be added to Principal Collections $ (8) Replenish Reserve Fund $ (9) Investor Chargeoffs not previously reimbursed, to be added to Principal Collections $ (10) Reallocated Principal Collections not previously reimbursed, to be added to Principal Collections $ (11) Fund Accumulation Period Reserve Account $ (12) Servicing Fees due Ford Credit $ (13) Required Subordination Shortfall to be sent to holders of Depositor Interest $ (14) Unpaid Fees and Disbursements to Owner/Indenture Trustee under pursuant to clause (5) $ (15) Other Amounts due to Back-up Servicer or Successor Servicer $ (16) Shared with other series in Excess Interest Sharing Group One $ (17) Remainder released to holders of Depositor Interest $ VI. Available Investor Principal Collections Distribution Payments by Priority VII. Subordination and Participation VIII. Distribution to Holders of NotesNotes (per $1,000 denomination note)

Excess Funding Acct. Bal. exceeds 30% of Outstanding Series Adj. Inv. Amts. for 3 periods Additional statistical information regarding Ford Credit’s U.S. Dealer Floorplan portfolio and the Trust’s portfolio for the most recently available quarter can be found on Ford Credit’s website at xxxx://xxxxxxxxxx.xxx/institutionalinvestments/jindex.html. I. 20 - Origination Information II. Series Allocations Available Investor Interest Collections $ Total Interest Collections $ Available Investor Principal Collections $ IV. Interest Calculations Monthly Interest $ $ $ $ V. Available Investor Interest Collections Distribution Payments by Priority Total Interest Amount $ (1) Accrued Note Interest — – Class Notes $ (2) Accrued Note Interest — – Class Notes $ (3) Accrued Note Interest — – Class Notes $ (4) Accrued Note Interest — – Class Notes $ (5) Unpaid Fees and Disbursements to Owner/Indenture Trustee up to a max of $150,000.00 per year $ (6) Current and past due Back-up Servicing Fee or Servicing Fee if Ford Credit is no longer Servicer $ (7) Investor Default Amount, to be added to Principal Collections $ (8) Replenish Reserve Fund $ (9) Investor Chargeoffs not previously reimbursed, to be added to Principal Collections $ (10) Reallocated Principal Collections not previously reimbursed, to be added to Principal Collections $ (11) Fund Accumulation Period Reserve Account $ (12) Servicing Fees due Ford Credit $ (13) Required Subordination Shortfall to be sent to holders of Depositor Interest $ (14) Unpaid Fees and Disbursements to Owner/Indenture Trustee under pursuant to clause (5) $ (15) Other Amounts due to Back-up Servicer or Successor Servicer $ (16) Shared with other series in Excess Interest Sharing Group One $ (17) Remainder released to holders of Depositor Interest $ VI. Available Investor Principal Collections Distribution Payments by Priority VII. Subordination and Participation VIII. Distribution to Holders of Notes

Excess Funding Acct. Bal. exceeds 30% of Outstanding Series Adj. Inv. Amts. for 3 periods x Additional statistical information regarding Ford Credit’s U.S. Dealer Floorplan portfolio and the Trust’s portfolio for the most recently available quarter can be found on Ford Credit’s website at xxxx://xxxxxxxxxx.xxx/institutionalinvestments/jindex.html. I. 20 - Origination InformationInformation Beginning of Period Adjusted Invested Amount Increase / (Decrease) End of Period Adjusted Invested Amount Increase / (Decrease) Payment Date Adjusted Invested Amount II. Series Allocations Available Investor Interest Collections $ Total Interest Collections $ Available Investor Principal Collections $ IV. Interest Calculations Monthly Interest $ $ $ $ V. Available Investor Interest Collections Distribution Payments by Priority Total Interest Amount $ (1) Accrued Note Interest — Class Notes $ (2) Accrued Note Interest — Class Notes $ (3) Accrued Note Interest — Class Notes $ (4) Accrued Note Interest — Class Notes $ (5) Unpaid Fees and Disbursements to Owner/Indenture Trustee up to a max of $150,000.00 per year $ (6) Current and past due Back-up Servicing Fee or Servicing Fee if Ford Credit is no longer Servicer $ (7) Investor Default Amount, to be added to Principal Collections $ (8) Replenish Reserve Fund $ (9) Investor Chargeoffs not previously reimbursed, to be added to Principal Collections $ (10) Reallocated Principal Collections not previously reimbursed, to be added to Principal Collections $ (11) Fund Accumulation Period Reserve Account $ (12) Servicing Fees due Ford Credit $ (13) Required Subordination Shortfall to be sent to holders of Depositor Interest $ (14) Unpaid Fees and Disbursements to Owner/Indenture Trustee under pursuant to clause (5) $ (15) Other Amounts due to Back-up Servicer or Successor Servicer $ (16) Shared with other series in Excess Interest Sharing Group One $ (17) Remainder released to holders of Depositor Interest $ VI. Available Investor Principal Collections Distribution Payments by Priority VII. Subordination and Participation VIII. Distribution to Holders of Notes

Excess Funding Acct. Bal. exceeds 30% of Outstanding Series Adj. Inv. Amts. for 3 periods Memo Additional statistical information regarding Ford Credit’s U.S. Dealer Floorplan portfolio and the Trust’s portfolio for the most recently available quarter can be found on Ford Credit’s website at xxxx://xxxxxxxxxx.xxx/institutionalinvestments/jindex.html. I. 20 - Origination Information II. Series Allocations Available Collection Period __/__/20__-__/__/20__ Payment Date __/__/20__ Date of Origination: _____________, 20__ Expected Final Maturity Date: _____________, 20__ Final Maturity Date: _____________, 20__ Class __ $ $ $ $ $ Class __ $ $ $ $ $ Class __ $ $ $ $ $ Current Floating Investor Percentage % Investor Principal Collections $ Principal Default Amounts $ Investor Interest Collections $ Total Investor Interest Collections $ Reserve Fund Investment Proceeds $ Accumulation Period Reserve Account Release $ Accumulation Period Reserve Account Investment Proceeds $ Principal Funding Account Investment Proceeds $ Excess Depositor Interest Allocation $ Shared Interest Collections from Excess Interest Sharing Group One $ Available Subordination Draw $ Reserve Fund Draw $ Reallocated Principal Allocations $ Investor Principal Collections $$ Investor Default Amount, Investor Charge-Off and Reallocated Principal Collections $ Shared Principal Collections from Principal Sharing Group One (Withdrawal from EFA) $ Reserve Fund Draw $ Collection Period __/__/20__-__/__/20__ Payment Date __/__/20__ IV. Interest Calculations Monthly Interest $ $ $ $ V. Available Investor Interest Collections Distribution Payments by Priority Total Interest Amount $ (1) Accrued Note Interest — Class __ Notes $ (2) Accrued Note Interest — Class __ Notes $ (3) Accrued Note Interest — Class __ Notes $ (4) Accrued Note Interest — Class __ Notes $ (5) Unpaid Fees and Disbursements to Owner/Indenture Trustee up to a max of $150,000.00 per year $ (6) Current and past due Back-up Servicing Fee or Servicing Fee if Ford Credit is no longer Servicer $ (7) Investor Default Amount, to be added to Principal Collections $ (8) Replenish Reserve Fund $ (9) Investor Chargeoffs not previously reimbursed, to be added to Principal Collections $ (10) Reallocated Principal Collections not previously reimbursed, to be added to Principal Collections $ (11) Fund Accumulation Period Reserve Account $ (12) Servicing Fees due Ford Credit $ (13) Required Subordination Shortfall to be sent to holders of Depositor Interest $ (14) Unpaid Fees and Disbursements to Owner/Indenture Trustee under pursuant to clause (5ii) $ (15) Other Amounts due to Back-up Servicer or Successor Servicer $ (16) Shared with other series in Excess Interest Sharing Group One $ $ (17) Remainder released to holders of Depositor Interest $ VI. $ Available Investor Principal Collections Distribution Payments by Priority VII$ Deposit to Principal Funding Account $ Shared with other series in Principal Sharing Group One $ Remainder released to holders of Depositor Interest $ Subordination Percentage % Incremental Subordinated Amount $ Required Subordinated Amount $ Required Pool Pct. Subordination and Participation VIII. Distribution to Holders of Notesminus 100% times Initial Invested Amount $ Required Depositor Amount Series 20__—__ $ Collection Period __/__/20__-__/__/20__ Payment Date __/__/20__

Excess Funding Acct. Bal. exceeds 30% of Outstanding Series Adj. Inv. Amts. for 3 periods Memo Additional statistical information regarding Ford Credit’s U.S. Dealer Floorplan portfolio and the Trust’s portfolio for the most recently available quarter can be found on Ford Credit’s website at xxxx://xxxxxxxxxx.xxx/institutionalinvestments/jindex.html. I. 20 - Origination Information II. Series Allocations Available Collection Period __/__/20__-__/__/20__ Payment Date __/__/20__ Date of Origination: _____________, 20__ Expected Final Maturity Date: _____________, 20__ Final Maturity Date: _____________, 20__ Class __ $ $ $ $ $ Class __ $ $ $ $ $ Class __ $ $ $ $ $ Current Floating Investor Percentage % Investor Principal Collections $ Principal Default Amounts $ Investor Interest Collections $ Total Investor Interest Collections $ Reserve Fund Investment Proceeds $ Accumulation Period Reserve Account Release $ Accumulation Period Reserve Account Investment Proceeds $ Principal Funding Account Investment Proceeds $ Excess Depositor Interest Allocation $ Shared Interest Collections from Excess Interest Sharing Group One $ Available Subordination Draw $ Reserve Fund Draw $ Reallocated Principal Allocations $ Investor Principal Collections $$ Investor Default Amount, Investor Charge-Off and Reallocated Principal Collections $ Shared Principal Collections from Principal Sharing Group One (Withdrawal from EFA) $ Reserve Fund Draw $ Collection Period __/__/20__-__/__/20__ Payment Date __/__/20__ IV. Interest Calculations Monthly Interest $ $ $ $ V. Available Investor Interest Collections Distribution Payments by Priority Total Interest Amount $ (1) Accrued Note Interest — Class __ Notes $ (2) Accrued Note Interest — Class __ Notes $ (3) Accrued Note Interest — Class __ Notes $ (4) Accrued Note Interest — Class Notes $ (5) Unpaid Fees and Disbursements to Owner/Indenture Trustee up to a max of $150,000.00 per year $ (65) Current and past due Back-up Servicing Fee or Servicing Fee if Ford Credit is no longer Servicer $ (76) Investor Default Amount, to be added to Principal Collections $ (8) 7) Replenish Reserve Fund $ (9) 8) Investor Chargeoffs not previously reimbursed, to be added to Principal Collections $ (109) Reallocated Principal Collections not previously reimbursed, to be added to Principal Collections $ (1110) Fund Accumulation Period Reserve Account $ (1211) Servicing Fees due Ford Credit $ (1312) Required Subordination Shortfall to be sent to holders of Depositor Interest $ (1413) Unpaid Fees and Disbursements to Owner/Indenture Trustee under pursuant to clause (5ii) $ (1514) Other Amounts due to Back-up Servicer or Successor Servicer $ (1615) Shared with other series in Excess Interest Sharing Group One $ (1716) Remainder released to holders of Depositor Interest $ VI. $ Available Investor Principal Collections Distribution Payments by Priority VII$ Deposit to Principal Funding Account $ Shared with other series in Principal Sharing Group One $ Remainder released to holders of Depositor Interest $ Subordination Percentage % Incremental Subordinated Amount $ Required Subordinated Amount $ Required Pool Pct. Subordination and Participation VIII. Distribution to Holders of Notesminus 100% times Initial Invested Amount $ Required Depositor Amount Series 20__—__ $ Collection Period __/__/20__-__/__/20__ Payment Date __/__/20__