Common use of Monthly Payment of Interest and Principal Clause in Contracts

Monthly Payment of Interest and Principal. Payments of interest and principal on each Class of Series 2018-2 Notes will be made pro rata to the Registered Noteholders of that Class on each Payment Date. For Book-Entry Notes, payments will be made by wire transfer to the account designated by the nominee of the Clearing Agency according to Section 2.10 of the Indenture. For Definitive Notes, payments will be made (i) if the Series 2018-2 Noteholder has given to the Note Registrar instructions at least five Business Days before that Payment Date and the aggregate original principal amount of the Noteholder’s Notes is at least $1,000,000, by wire transfer to the account of the Registered Noteholder or (ii) by check mailed first class mail, postage prepaid, to the Registered Noteholder’s address as it appears on the Note Register on the related Record Date. Amounts paid by wire transfers or checks that are undelivered will be held according to Section 3.3 of the Indenture.

Appears in 2 contracts

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

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Monthly Payment of Interest and Principal. Payments of interest and principal on each Class of Series 20182019-2 3 Notes will be made pro rata to the Registered Noteholders of that Class on each Payment Date. For Book-Entry Notes, payments will be made by wire transfer to the account designated by the nominee of the Clearing Agency according to Section 2.10 of the Indenture. For Definitive Notes, payments will be made (i) if the Series 20182019-2 3 Noteholder has given to the Note Registrar instructions at least five Business Days before that Payment Date and the aggregate original principal amount of the Noteholder’s Notes is at least $1,000,000, by wire transfer to the account of the Registered Noteholder or (ii) by check mailed first class mail, postage prepaid, to the Registered Noteholder’s address as it appears on the Note Register on the related Record Date. Amounts paid by wire transfers or checks that are undelivered will be held according to Section 3.3 of the Indenture.

Appears in 2 contracts

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

Monthly Payment of Interest and Principal. Payments of interest and principal on each Class of Series 2018-2 1 Notes will be made pro rata to the Registered Noteholders of that Class on each Payment Date. For Book-Entry Notes, payments will be made by wire transfer to the account designated by the nominee of the Clearing Agency according to Section 2.10 of the Indenture. For Definitive Notes, payments will be made (i) if the Series 2018-2 1 Noteholder has given to the Note Registrar instructions at least five Business Days before that Payment Date and the aggregate original principal amount of the Noteholder’s Notes is at least $1,000,000, by wire transfer to the account of the Registered Noteholder or (ii) by check mailed first class mail, postage prepaid, to the Registered Noteholder’s address as it appears on the Note Register on the related Record Date. Amounts paid by wire transfers or checks that are undelivered will be held according to Section 3.3 of the Indenture.

Appears in 2 contracts

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

Monthly Payment of Interest and Principal. Payments of interest and principal on each Class of Series 20182017-2 3 Notes will be made pro rata to the Registered Noteholders of that Class on each Payment Date. For Book-Entry Notes, payments will be made by wire transfer to the account designated by the nominee of the Clearing Agency according to Section 2.10 of the Indenture. For Definitive Notes, payments will be made (i) if the Series 20182017-2 3 Noteholder has given to the Note Registrar instructions at least five Business Days before that Payment Date and the aggregate original principal amount of the Noteholder’s Notes is at least $1,000,000, by wire transfer to the account of the Registered Noteholder or (ii) by check mailed first class mail, postage prepaid, to the Registered Noteholder’s address as it appears on the Note Register on the related Record Date. Amounts paid by wire transfers or checks that are undelivered will be held according to Section 3.3 of the Indenture.

Appears in 2 contracts

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

Monthly Payment of Interest and Principal. Payments of interest and principal on each Class of Series 20182017-2 Notes will be made pro rata to the Registered Noteholders of that Class on each Payment Date. For Book-Entry Notes, payments will be made by wire transfer to the account designated by the nominee of the Clearing Agency according to Section 2.10 of the Indenture. For Definitive Notes, payments will be made (i) if the Series 20182017-2 Noteholder has given to the Note Registrar instructions at least five Business Days before that Payment Date and the aggregate original principal amount of the Noteholder’s Notes is at least $1,000,000, by wire transfer to the account of the Registered Noteholder or (ii) by check mailed first class mail, postage prepaid, to the Registered Noteholder’s address as it appears on the Note Register on the related Record Date. Amounts paid by wire transfers or checks that are undelivered will be held according to Section 3.3 of the Indenture.

Appears in 2 contracts

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

Monthly Payment of Interest and Principal. Payments of interest and principal on each Class of Series 20182017-2 1 Notes will be made pro rata to the Registered Noteholders of that Class on each Payment Date. For Book-Entry Notes, payments will be made by wire transfer to the account designated by the nominee of the Clearing Agency according to Section 2.10 of the Indenture. For Definitive Notes, payments will be made (i) if the Series 20182017-2 1 Noteholder has given to the Note Registrar instructions at least five Business Days before that Payment Date and the aggregate original principal amount of the Noteholder’s Notes is at least $1,000,000, by wire transfer to the account of the Registered Noteholder or (ii) by check mailed first class mail, postage prepaid, to the Registered Noteholder’s address as it appears on the Note Register on the related Record Date. Amounts paid by wire transfers or checks that are undelivered will be held according to Section 3.3 of the Indenture.

Appears in 2 contracts

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

Monthly Payment of Interest and Principal. Payments of interest Interest and principal payments on each Class of Series 20182016-2 1 Notes will be made pro rata to the Registered Noteholders of that Class on each Payment Date. For Book-Entry Notes, payments will be made by wire transfer to the account designated by the nominee of the Clearing Agency according to Section 2.10 of the Indenture. For Definitive Notes, payments will be made (i) if the Series 20182016-2 1 Noteholder has given to the Note Registrar instructions at least five Business Days before that Payment Date and the aggregate original principal amount of the Noteholder’s Notes is at least $1,000,000, by wire transfer to the account of the Registered Noteholder or (ii) by check mailed first class mail, postage prepaid, to the Registered Noteholder’s address as it appears on the Note Register on the related Record Date. Amounts paid by wire transfers or checks that are undelivered will be held according to Section 3.3 of the Indenture.

Appears in 2 contracts

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

Monthly Payment of Interest and Principal. Payments of interest and principal on each Class of Series 20182020-2 1 Notes will be made pro rata to the Registered Noteholders of that Class on each Payment Date. For Book-Entry Notes, payments will be made by wire transfer to the account designated by the nominee of the Clearing Agency according to Section 2.10 of the Indenture. For Definitive Notes, payments will be made (i) if the Series 20182020-2 1 Noteholder has given to the Note Registrar instructions at least five Business Days before that Payment Date and the aggregate original principal amount of the Noteholder’s Notes is at least $1,000,000, by wire transfer to the account of the Registered Noteholder or (ii) by check mailed first class mail, postage prepaid, to the Registered Noteholder’s address as it appears on the Note Register on the related Record Date. Amounts paid by wire transfers or checks that are undelivered will be held according to Section 3.3 of the Indenture.

Appears in 2 contracts

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

Monthly Payment of Interest and Principal. Payments of interest and principal on each Class of Series 2018-2 4 Notes will be made pro rata to the Registered Noteholders of that Class on each Payment Date. For Book-Entry Notes, payments will be made by wire transfer to the account designated by the nominee of the Clearing Agency according to Section 2.10 of the Indenture. For Definitive Notes, payments will be made (i) if the Series 2018-2 4 Noteholder has given to the Note Registrar instructions at least five Business Days before that Payment Date and the aggregate original principal amount of the Noteholder’s Notes is at least $1,000,000, by wire transfer to the account of the Registered Noteholder or (ii) by check mailed first class mail, postage prepaid, to the Registered Noteholder’s address as it appears on the Note Register on the related Record Date. Amounts paid by wire transfers or checks that are undelivered will be held according to Section 3.3 of the Indenture.

Appears in 2 contracts

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

Monthly Payment of Interest and Principal. Payments of interest and principal on each Class of Series 20182019-2 1 Notes will be made pro rata to the Registered Noteholders of that Class on each Payment Date. For Book-Entry Notes, payments will be made by wire transfer to the account designated by the nominee of the Clearing Agency according to Section 2.10 of the Indenture. For Definitive Notes, payments will be made (i) if the Series 20182019-2 1 Noteholder has given to the Note Registrar instructions at least five Business Days before that Payment Date and the aggregate original principal amount of the Noteholder’s Notes is at least $1,000,000, by wire transfer to the account of the Registered Noteholder or (ii) by check mailed first class mail, postage prepaid, to the Registered Noteholder’s address as it appears on the Note Register on the related Record Date. Amounts paid by wire transfers or checks that are undelivered will be held according to Section 3.3 of the Indenture.

Appears in 2 contracts

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

Monthly Payment of Interest and Principal. Payments of interest and principal on each Class of Series 2018-2 20 - Notes will be made pro rata to the Registered Noteholders of that Class on each Payment Date. For Book-Entry Notes, payments will be made by wire transfer to the account designated by the nominee of the Clearing Agency according to Section 2.10 of the Indenture. For Definitive Notes, payments will be made (i) if the Series 2018-2 20 - Noteholder has given to the Note Registrar instructions at least five Business Days before that Payment Date and the aggregate original principal amount of the Noteholder’s Notes is at least $1,000,000, by wire transfer to the account of the Registered Noteholder or (ii) by check mailed first class mail, postage prepaid, to the Registered Noteholder’s address as it appears on the Note Register on the related Record Date. Amounts paid by wire transfers or checks that are undelivered will be held according to Section 3.3 of the Indenture.

Appears in 2 contracts

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

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Monthly Payment of Interest and Principal. Payments of interest and principal on each Class of Series 2018-2 3 Notes will be made pro rata to the Registered Noteholders of that Class on each Payment Date. For Book-Entry Notes, payments will be made by wire transfer to the account designated by the nominee of the Clearing Agency according to Section 2.10 of the Indenture. For Definitive Notes, payments will be made (i) if the Series 2018-2 3 Noteholder has given to the Note Registrar instructions at least five Business Days before that Payment Date and the aggregate original principal amount of the Noteholder’s Notes is at least $1,000,000, by wire transfer to the account of the Registered Noteholder or (ii) by check mailed first class mail, postage prepaid, to the Registered Noteholder’s address as it appears on the Note Register on the related Record Date. Amounts paid by wire transfers or checks that are undelivered will be held according to Section 3.3 of the Indenture.

Appears in 2 contracts

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

Monthly Payment of Interest and Principal. Payments of interest and principal on each Class of Series 20182016-2 3 Notes will be made pro rata to the Registered Noteholders of that Class on each Payment Date. For Book-Entry Notes, payments will be made by wire transfer to the account designated by the nominee of the Clearing Agency according to Section 2.10 of the Indenture. For Definitive Notes, payments will be made (i) if the Series 20182016-2 3 Noteholder has given to the Note Registrar instructions at least five Business Days before that Payment Date and the aggregate original principal amount of the Noteholder’s Notes is at least $1,000,000, by wire transfer to the account of the Registered Noteholder or (ii) by check mailed first class mail, postage prepaid, to the Registered Noteholder’s address as it appears on the Note Register on the related Record Date. Amounts paid by wire transfers or checks that are undelivered will be held according to Section 3.3 of the Indenture.

Appears in 2 contracts

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

Monthly Payment of Interest and Principal. Payments of interest and principal on each Class of Series 20182019-2 Notes will be made pro rata to the Registered Noteholders of that Class on each Payment Date. For Book-Entry Notes, payments will be made by wire transfer to the account designated by the nominee of the Clearing Agency according to Section 2.10 of the Indenture. For Definitive Notes, payments will be made (i) if the Series 20182019-2 Noteholder has given to the Note Registrar instructions at least five Business Days before that Payment Date and the aggregate original principal amount of the Noteholder’s Notes is at least $1,000,000, by wire transfer to the account of the Registered Noteholder or (ii) by check mailed first class mail, postage prepaid, to the Registered Noteholder’s address as it appears on the Note Register on the related Record Date. Amounts paid by wire transfers or checks that are undelivered will be held according to Section 3.3 of the Indenture.

Appears in 2 contracts

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

Monthly Payment of Interest and Principal. Payments of interest and principal on each Class of Series 20182019-2 4 Notes will be made pro rata to the Registered Noteholders of that Class on each Payment Date. For Book-Entry Notes, payments will be made by wire transfer to the account designated by the nominee of the Clearing Agency according to Section 2.10 of the Indenture. For Definitive Notes, payments will be made (i) if the Series 20182019-2 4 Noteholder has given to the Note Registrar instructions at least five Business Days before that Payment Date and the aggregate original principal amount of the Noteholder’s Notes is at least $1,000,000, by wire transfer to the account of the Registered Noteholder or (ii) by check mailed first class mail, postage prepaid, to the Registered Noteholder’s address as it appears on the Note Register on the related Record Date. Amounts paid by wire transfers or checks that are undelivered will be held according to Section 3.3 of the Indenture.

Appears in 2 contracts

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

Monthly Payment of Interest and Principal. Payments of interest and principal on each Class of Series 20182016-2 5 Notes will be made pro rata to the Registered Noteholders of that Class on each Payment Date. For Book-Entry Notes, payments will be made by wire transfer to the account designated by the nominee of the Clearing Agency according to Section 2.10 of the Indenture. For Definitive Notes, payments will be made (i) if the Series 20182016-2 5 Noteholder has given to the Note Registrar instructions at least five Business Days before that Payment Date and the aggregate original principal amount of the Noteholder’s Notes is at least $1,000,000, by wire transfer to the account of the Registered Noteholder or (ii) by check mailed first class mail, postage prepaid, to the Registered Noteholder’s address as it appears on the Note Register on the related Record Date. Amounts paid by wire transfers or checks that are undelivered will be held according to Section 3.3 of the Indenture.

Appears in 2 contracts

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

Monthly Payment of Interest and Principal. Payments of interest and principal on each Class of Series 20182016-2 4 Notes will be made pro rata to the Registered Noteholders of that Class on each Payment Date. For Book-Entry Notes, payments will be made by wire transfer to the account designated by the nominee of the Clearing Agency according to Section 2.10 of the Indenture. For Definitive Notes, payments will be made (i) if the Series 20182016-2 4 Noteholder has given to the Note Registrar instructions at least five Business Days before that Payment Date and the aggregate original principal amount of the Noteholder’s Notes is at least $1,000,000, by wire transfer to the account of the Registered Noteholder or (ii) by check mailed first class mail, postage prepaid, to the Registered Noteholder’s address as it appears on the Note Register on the related Record Date. Amounts paid by wire transfers or checks that are undelivered will be held according to Section 3.3 of the Indenture.

Appears in 2 contracts

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

Monthly Payment of Interest and Principal. Payments of interest Interest and principal payments on each Class of Series 2018-2 20 - Notes will be made pro rata to the Registered Noteholders of that Class on each Payment Date. For Book-Entry Notes, payments will be made by wire transfer to the account designated by the nominee of the Clearing Agency according to Section 2.10 of the Indenture. For Definitive Notes, payments will be made (i) if the Series 2018-2 20 - Noteholder has given to the Note Registrar instructions at least five Business Days before that Payment Date and the aggregate original principal amount of the Noteholder’s Notes is at least $1,000,000, by wire transfer to the account of the Registered Noteholder or (ii) by check mailed first class mail, postage prepaid, to the Registered Noteholder’s address as it appears on the Note Register on the related Record Date. Amounts paid by wire transfers or checks that are is undelivered will be held according to Section 3.3 of the Indenture.

Appears in 1 contract

Samples: Indenture Supplement (Ford Credit Floorplan LLC)

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