Reallocated Principal Collections. On each Payment Date, the Reallocated Principal Collections for that Payment Date will be applied in the following order of priority to reduce (a) the Available Subordinated Amount (after giving effect to any reductions of the Available Subordinated Amount under Section 4.2(b)(ii) and Section 4.3), (b) the Class D Invested Amount, (c) the Class C Invested Amount, and (d) the Class B Invested Amount.
Appears in 38 contracts
Samples: Series 2020 (Ford Credit Floorplan LLC), Series 2020 (Ford Credit Floorplan LLC), Series 2020 (Ford Credit Floorplan LLC)
Reallocated Principal Collections. On each Payment Date, the Reallocated Principal Collections for that such Payment Date will be applied in the following order of priority to reduce (a) the Available Subordinated Amount (after giving effect to any reductions of the Available Subordinated Amount under pursuant to Section 4.2(b)(ii) and Section 4.3), (b) the Class D Invested Amount, (c) the Class C Invested Amount, and (d) the Class B Invested Amount.
Appears in 27 contracts
Samples: Series 2012 (Ford Credit Floorplan Master Owner Trust a Series 2012-4), Series 2012 (Ford Credit Floorplan Master Owner Trust a Series 2012-2), Ford Credit Floorplan Master Owner Trust A
Reallocated Principal Collections. On each Payment Date, the Reallocated Principal Collections for that Payment Date will be applied in the following order of priority to reduce (a) the Available Subordinated Amount for the related Determination Date (after giving effect to any reductions of the Available Subordinated Amount under Section 4.2(b)(ii) and Section 4.3), (b) the Class D Invested Amount, (c) the Class C Invested Amount, Amount and (d) the Class B Invested Amount.
Appears in 10 contracts
Samples: Ford Credit Floorplan Master Owner Trust A, Ford Credit Floorplan Master Owner Trust A, Ford Credit Floorplan Master Owner Trust A
