Common use of Excess Interest Collections Clause in Contracts

Excess Interest Collections. On each Payment Date, Series 2020-2 will be allocated an amount equal to the product of (a) the aggregate amount of Excess Interest Collections for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that Payment Date, times (b) a fraction with a numerator equal to the Interest Collections Shortfall for Series 2020-2 for that Payment Date and a denominator equal to the aggregate amount of Interest Collections Shortfalls for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that Payment Date.

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)

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Excess Interest Collections. On each Payment Date, Series 20202015-2 will be allocated an amount equal to the product of (a) the aggregate amount of Excess Interest Collections for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that Payment Date, times (b) a fraction with a fraction, the numerator equal to of which is the Interest Collections Shortfall for Series 20202015-2 for that Payment Date and a the denominator equal to of which is the aggregate amount of Interest Collections Shortfalls for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that Payment Date.

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan Master Owner Trust A), Indenture Supplement (Ford Credit Floorplan Master Owner Trust A)

Excess Interest Collections. On each Payment Date, Series 20202012-2 5 will be allocated an amount equal to the product of (a) the aggregate amount of Excess Interest Collections for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that such Payment Date, times (b) a fraction with a fraction, the numerator equal to of which is the Interest Collections Shortfall for Series 20202012-2 5 for that such Payment Date and a the denominator equal to of which is the aggregate amount of Interest Collections Shortfalls for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that such Payment Date.

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan Master Owner Trust a Series 2012-5), Indenture Supplement (Ford Credit Floorplan Master Owner Trust a Series 2012-5)

Excess Interest Collections. On each Payment Date, Series 20202014-2 will be allocated an amount equal to the product of (a) the aggregate amount of Excess Interest Collections for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that such Payment Date, times (b) a fraction with a fraction, the numerator equal to of which is the Interest Collections Shortfall for Series 20202014-2 for that such Payment Date and a the denominator equal to of which is the aggregate amount of Interest Collections Shortfalls for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that such Payment Date.

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan Master Owner Trust A), Indenture Supplement (Ford Credit Floorplan Master Owner Trust A)

Excess Interest Collections. On each Payment Date, Series 20202017-2 1 will be allocated an amount equal to the product of (a) the aggregate amount of Excess Interest Collections for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that Payment Date, times (b) a fraction with a numerator equal to the Interest Collections Shortfall for Series 20202017-2 1 for that Payment Date and a denominator equal to the aggregate amount of Interest Collections Shortfalls for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that Payment Date.

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan Corp), Indenture Supplement (Ford Credit Floorplan LLC)

Excess Interest Collections. On each Payment Date, Series 20202012-2 1 will be allocated an amount equal to the product of (a) the aggregate amount of Excess Interest Collections for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that such Payment Date, times (b) a fraction with a fraction, the numerator equal to of which is the Interest Collections Shortfall for Series 20202012-2 1 for that such Payment Date and a the denominator equal to of which is the aggregate amount of Interest Collections Shortfalls for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that such Payment Date.

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan Master Owner Trust a Series 2012-1), Indenture Supplement (Ford Credit Floorplan Master Owner Trust a Series 2012-1)

Excess Interest Collections. On each Payment Date, Series 20202012-2 will be allocated an amount equal to the product of (a) the aggregate amount of Excess Interest Collections for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that such Payment Date, times (b) a fraction with a fraction, the numerator equal to of which is the Interest Collections Shortfall for Series 20202012-2 for that such Payment Date and a the denominator equal to of which is the aggregate amount of Interest Collections Shortfalls for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that such Payment Date.

Appears in 2 contracts

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

Excess Interest Collections. On each Payment Date, Series 20202014-2 1 will be allocated an amount equal to the product of (a) the aggregate amount of Excess Interest Collections for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that such Payment Date, times (b) a fraction with a fraction, the numerator equal to of which is the Interest Collections Shortfall for Series 20202014-2 1 for that such Payment Date and a the denominator equal to of which is the aggregate amount of Interest Collections Shortfalls for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that such Payment Date.

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan Master Owner Trust A), Indenture Supplement (Ford Credit Floorplan Master Owner Trust A)

Excess Interest Collections. On each Payment Date, Series 20202019-2 1 will be allocated an amount equal to the product of (a) the aggregate amount of Excess Interest Collections for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that Payment Date, times (b) a fraction with a numerator equal to the Interest Collections Shortfall for Series 20202019-2 1 for that Payment Date and a denominator equal to the aggregate amount of Interest Collections Shortfalls for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that Payment Date.

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)

Excess Interest Collections. On each Payment Date, Series 20202015-2 1 will be allocated an amount equal to the product of (a) the aggregate amount of Excess Interest Collections for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that Payment Date, times (b) a fraction with a fraction, the numerator equal to of which is the Interest Collections Shortfall for Series 20202015-2 1 for that Payment Date and a the denominator equal to of which is the aggregate amount of Interest Collections Shortfalls for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that Payment Date.

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan Master Owner Trust A), Indenture Supplement (Ford Credit Floorplan Master Owner Trust A)

Excess Interest Collections. On each Payment Date, Series 20202013-2 5 will be allocated an amount equal to the product of (a) the aggregate amount of Excess Interest Collections for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that such Payment Date, times (b) a fraction with a fraction, the numerator equal to of which is the Interest Collections Shortfall for Series 20202013-2 5 for that such Payment Date and a the denominator equal to of which is the aggregate amount of Interest Collections Shortfalls for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that such Payment Date.

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan Master Owner Trust A), Indenture Supplement (Ford Credit Floorplan Master Owner Trust A)

Excess Interest Collections. On each Payment Date, Series 20202011-2 will be allocated an amount equal to the product of (a) the aggregate amount of Excess Interest Collections for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that such Payment Date, times (b) a fraction with a fraction, the numerator equal to of which is the Interest Collections Shortfall for Series 20202011-2 for that such Payment Date and a the denominator equal to of which is the aggregate amount of Interest Collections Shortfalls for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that such Payment Date.

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan Master Owner Trust a Series 2011-2), Indenture Supplement (Ford Credit Floorplan Master Owner Trust a Series 2011-2)

Excess Interest Collections. On each Payment Date, Series 20202019-2 will be allocated an amount equal to the product of (a) the aggregate amount of Excess Interest Collections for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that Payment Date, times (b) a fraction with a numerator equal to the Interest Collections Shortfall for Series 20202019-2 for that Payment Date and a denominator equal to the aggregate amount of Interest Collections Shortfalls for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that Payment Date.

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)

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Excess Interest Collections. On each Payment Date, Series 20202013-2 3 will be allocated an amount equal to the product of (a) the aggregate amount of Excess Interest Collections for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that such Payment Date, times (b) a fraction with a fraction, the numerator equal to of which is the Interest Collections Shortfall for Series 20202013-2 3 for that such Payment Date and a the denominator equal to of which is the aggregate amount of Interest Collections Shortfalls for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that such Payment Date.

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan Master Owner Trust A), Indenture Supplement (Ford Credit Floorplan Master Owner Trust A)

Excess Interest Collections. On each Payment Date, Series 20202013-2 1 will be allocated an amount equal to the product of (a) the aggregate amount of Excess Interest Collections for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that such Payment Date, times (b) a fraction with a fraction, the numerator equal to of which is the Interest Collections Shortfall for Series 20202013-2 1 for that such Payment Date and a the denominator equal to of which is the aggregate amount of Interest Collections Shortfalls for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that such Payment Date.

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan Master Owner Trust A), Indenture Supplement (Ford Credit Floorplan Master Owner Trust A)

Excess Interest Collections. On each Payment Date, Series 20202018-2 1 will be allocated an amount equal to the product of (a) the aggregate amount of Excess Interest Collections for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that Payment Date, times (b) a fraction with a numerator equal to the Interest Collections Shortfall for Series 20202018-2 1 for that Payment Date and a denominator equal to the aggregate amount of Interest Collections Shortfalls for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that Payment Date.

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)

Excess Interest Collections. On each Payment Date, Series 20202012-2 4 will be allocated an amount equal to the product of (a) the aggregate amount of Excess Interest Collections for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that such Payment Date, times (b) a fraction with a fraction, the numerator equal to of which is the Interest Collections Shortfall for Series 20202012-2 4 for that such Payment Date and a the denominator equal to of which is the aggregate amount of Interest Collections Shortfalls for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that such Payment Date.

Appears in 2 contracts

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

Excess Interest Collections. On each Payment Date, Series 20202013-2 4 will be allocated an amount equal to the product of (a) the aggregate amount of Excess Interest Collections for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that such Payment Date, times (b) a fraction with a fraction, the numerator equal to of which is the Interest Collections Shortfall for Series 20202013-2 4 for that such Payment Date and a the denominator equal to of which is the aggregate amount of Interest Collections Shortfalls for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that such Payment Date.

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan Master Owner Trust A), Indenture Supplement (Ford Credit Floorplan Master Owner Trust A)

Excess Interest Collections. On each Payment Date, Series 20202018-2 will be allocated an amount equal to the product of (a) the aggregate amount of Excess Interest Collections for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that Payment Date, times (b) a fraction with a numerator equal to the Interest Collections Shortfall for Series 20202018-2 for that Payment Date and a denominator equal to the aggregate amount of Interest Collections Shortfalls for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that Payment Date.

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)

Excess Interest Collections. On each Payment Date, Series 20202017-2 will be allocated an amount equal to the product of (a) the aggregate amount of Excess Interest Collections for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that Payment Date, times (b) a fraction with a numerator equal to the Interest Collections Shortfall for Series 20202017-2 for that Payment Date and a denominator equal to the aggregate amount of Interest Collections Shortfalls for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that Payment Date.

Appears in 2 contracts

Samples: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)

Excess Interest Collections. On each Payment Date, Series 20202011-2 1 will be allocated an amount equal to the product of (a) the aggregate amount of Excess Interest Collections for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that such Payment Date, times (b) a fraction with a fraction, the numerator equal to of which is the Interest Collections Shortfall for Series 20202011-2 1 for that such Payment Date and a the denominator equal to of which is the aggregate amount of Interest Collections Shortfalls for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that such Payment Date.

Appears in 1 contract

Samples: Indenture Supplement (Ford Credit Floorplan Master Owner Trust a Series 2011-1)

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