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 20 - Accounts, the amount in any Series 20 - Account exceeds the amount required to be in that Series 20 - Account under this Indenture Supplement or any other Series 20 - 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 4 contracts

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

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