Common use of Excess to Holders of Depositor Interest Clause in Contracts

Excess to Holders of Depositor Interest. If on any Payment Date, after giving effect to all withdrawals from and deposits in the Series 2018-1 Accounts, the amount in any Series 2018-1 Account exceeds the amount required to be in that Series 2018-1 Account under this Indenture Supplement or any other Series 2018-1 Transaction Document, then the Indenture Trustee will, at the direction of the Servicer, distribute the excess to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

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Excess to Holders of Depositor Interest. If on any Payment Date, after giving effect to all withdrawals from and deposits in the Series 20182019-1 Accounts, the amount in any Series 20182019-1 Account exceeds the amount required to be in that Series 20182019-1 Account under this Indenture Supplement or any other Series 20182019-1 Transaction Document, then the Indenture Trustee will, at the direction of the Servicer, distribute the excess to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Excess to Holders of Depositor Interest. If on any Payment Date, after giving effect to all withdrawals from and deposits in the Series 2018-1 4 Accounts, the amount in any Series 2018-1 4 Account exceeds the amount required to be in that Series 2018-1 4 Account under this Indenture Supplement or any other Series 2018-1 4 Transaction Document, then the Indenture Trustee will, at the direction of the Servicer, distribute the excess to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Excess to Holders of Depositor Interest. If on any Payment Date, after giving effect to all withdrawals from and deposits in the Series 20182019-1 4 Accounts, the amount in any Series 20182019-1 4 Account exceeds the amount required to be in that Series 20182019-1 4 Account under this Indenture Supplement or any other Series 20182019-1 4 Transaction Document, then the Indenture Trustee will, at the direction of the Servicer, distribute the excess to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Excess to Holders of Depositor Interest. If on any Payment Date, after giving effect to all withdrawals from and deposits in the Series 2018-1 2 Accounts, the amount in any Series 2018-1 2 Account exceeds the amount required to be in that Series 2018-1 2 Account under this Indenture Supplement or any other Series 2018-1 2 Transaction Document, then the Indenture Trustee will, at the direction of the Servicer, distribute the excess to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Excess to Holders of Depositor Interest. If on any Payment Date, after giving effect to all withdrawals from and deposits in the Series 20182017-1 3 Accounts, the amount in any Series 20182017-1 3 Account exceeds the amount required to be in that Series 20182017-1 3 Account under this Indenture Supplement or any other Series 20182017-1 3 Transaction Document, then the Indenture Trustee will, at the direction of the Servicer, distribute the excess to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Excess to Holders of Depositor Interest. If on any Payment Date, after giving effect to all withdrawals from and deposits in the Series 20182016-1 5 Accounts, the amount in any Series 20182016-1 5 Account exceeds the amount required to be in that Series 20182016-1 5 Account under this Indenture Supplement or any other Series 20182016-1 5 Transaction Document, then the Indenture Trustee will, at the direction of the Servicer, distribute the excess to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement.

Appears in 2 contracts

Samples: Series 2016 (Ford Credit Floorplan Corp), Ford Credit Floorplan Corp

Excess to Holders of Depositor Interest. If on any Payment Date, after giving effect to all withdrawals from and deposits in the Series 20182020-1 Accounts, the amount in any Series 20182020-1 Account exceeds the amount required to be in that Series 20182020-1 Account under this Indenture Supplement or any other Series 20182020-1 Transaction Document, then the Indenture Trustee will, at the direction of the Servicer, distribute the excess to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement.

Appears in 2 contracts

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

Excess to Holders of Depositor Interest. If on any Payment Date, after giving effect to all withdrawals from and deposits in the Series 20182016-1 4 Accounts, the amount in any Series 20182016-1 4 Account exceeds the amount required to be in that Series 20182016-1 4 Account under this Indenture Supplement or any other Series 20182016-1 4 Transaction Document, then the Indenture Trustee will, at the direction of the Servicer, distribute the excess to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement.

Appears in 2 contracts

Samples: Ford Credit Floorplan Corp, Ford Credit Floorplan Corp

Excess to Holders of Depositor Interest. If on any Payment Date, after giving effect to all withdrawals from and deposits in the Series 20182017-1 2 Accounts, the amount in any Series 20182017-1 2 Account exceeds the amount required to be in that Series 20182017-1 2 Account under this Indenture Supplement or any other Series 20182017-1 2 Transaction Document, then the Indenture Trustee will, at the direction of the Servicer, distribute the excess to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Excess to Holders of Depositor Interest. If on any Payment Date, after giving effect to all withdrawals from and deposits in the Series 20182019-1 2 Accounts, the amount in any Series 20182019-1 2 Account exceeds the amount required to be in that Series 20182019-1 2 Account under this Indenture Supplement or any other Series 20182019-1 2 Transaction Document, then the Indenture Trustee will, at the direction of the Servicer, distribute the excess to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

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Excess to Holders of Depositor Interest. If on any Payment Date, after giving effect to all withdrawals from and deposits in the Series 20182016-1 3 Accounts, the amount in any Series 20182016-1 3 Account exceeds the amount required to be in that Series 20182016-1 3 Account under this Indenture Supplement or any other Series 20182016-1 3 Transaction Document, then the Indenture Trustee will, at the direction of the Servicer, distribute the excess to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement.

Appears in 2 contracts

Samples: Ford Credit Floorplan Corp, Ford Credit Floorplan Corp

Excess to Holders of Depositor Interest. If on any Payment Date, after giving effect to all withdrawals from and deposits in the Series 20182016-1 Accounts, the amount in any Series 20182016-1 Account exceeds the amount required to be in that Series 20182016-1 Account under this Indenture Supplement or any other Series 20182016-1 Transaction Document, then the Indenture Trustee will, at the direction of the Servicer, distribute the excess to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement.

Appears in 2 contracts

Samples: Series 2016 (Ford Credit Floorplan Corp), Series 2016 (Ford Credit Floorplan Corp)

Excess to Holders of Depositor Interest. If on any Payment Date, after giving effect to all withdrawals from and deposits in the Series 20182020-1 2 Accounts, the amount in any Series 20182020-1 2 Account exceeds the amount required to be in that Series 20182020-1 2 Account under this Indenture Supplement or any other Series 20182020-1 2 Transaction Document, then the Indenture Trustee will, at the direction of the Servicer, distribute the excess to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement.

Appears in 2 contracts

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

Excess to Holders of Depositor Interest. If on any Payment Date, after giving effect to all withdrawals from and deposits in the Series 20182019-1 3 Accounts, the amount in any Series 20182019-1 3 Account exceeds the amount required to be in that Series 20182019-1 3 Account under this Indenture Supplement or any other Series 20182019-1 3 Transaction Document, then the Indenture Trustee will, at the direction of the Servicer, distribute the excess to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Excess to Holders of Depositor Interest. If on any Payment Date, after giving effect to all withdrawals from and deposits in the Series 20182017-1 Accounts, the amount in any Series 20182017-1 Account exceeds the amount required to be in that Series 20182017-1 Account under this Indenture Supplement or any other Series 20182017-1 Transaction Document, then the Indenture Trustee will, at the direction of the Servicer, distribute the excess to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement.

Appears in 2 contracts

Samples: Ford Credit Floorplan Corp, Ford Credit Floorplan LLC

Excess to Holders of Depositor Interest. If on any Payment Date, after giving effect to all withdrawals from and deposits in the Series 2018-1 3 Accounts, the amount in any Series 2018-1 3 Account exceeds the amount required to be in that Series 2018-1 3 Account under this Indenture Supplement or any other Series 2018-1 3 Transaction Document, then the Indenture Trustee will, at the direction of the Servicer, distribute the excess to the Depositor Interest Account for distribution to the holders of the Depositor Interest according to the Trust Agreement.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

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