Common use of Release of Funds in Accumulation Period Reserve Account Clause in Contracts

Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (i) the payment in full of the Series 2018-1 Notes, (ii) the first Payment Date relating to an Early Amortization Period, and (iii) the Series 2018-1 Final Maturity Date, any funds remaining in the Series 2018-1 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 2018-1 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.

Appears in 2 contracts

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

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Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (i) the payment in full of the Series 20182017-1 Notes, (ii) the first Payment Date relating to an Early Amortization Period, and (iii) the Series 20182017-1 Final Maturity Date, any funds remaining in the Series 20182017-1 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 20182017-1 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.

Appears in 2 contracts

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

Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (i) the payment in full of the Series 2018-1 3 Notes, (ii) the first Payment Date relating to an Early Amortization Period, and (iii) the Series 2018-1 3 Final Maturity Date, any funds remaining in the Series 2018-1 3 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 2018-1 3 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.

Appears in 2 contracts

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

Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (i) the payment in full of the Series 20182019-1 Notes, (ii) the first Payment Date relating to an Early Amortization Period, and (iii) the Series 20182019-1 Final Maturity Date, any funds remaining in the Series 20182019-1 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 20182019-1 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.

Appears in 2 contracts

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

Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (i) the payment in full of the Series 20182020-1 2 Notes, (ii) the first Payment Date relating to an Early Amortization Period, and (iii) the Series 20182020-1 2 Final Maturity Date, any funds remaining in the Series 20182020-1 2 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 20182020-1 2 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.

Appears in 2 contracts

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

Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (iA) the payment in full of the Series 20182016-1 3 Notes, (iiB) the first Payment Date relating to an Early Amortization Period, and (iiiC) the Series 20182016-1 3 Final Maturity Date, any funds remaining in the Series 20182016-1 3 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 20182016-1 3 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.

Appears in 2 contracts

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

Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (iA) the payment in full of the Series 20182016-1 Notes, (iiB) the first Payment Date relating to an Early Amortization Period, and (iiiC) the Series 20182016-1 Final Maturity Date, any funds remaining in the Series 20182016-1 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 20182016-1 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.

Appears in 2 contracts

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

Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (i) the payment in full of the Series 2018-1 4 Notes, (ii) the first Payment Date relating to an Early Amortization Period, and (iii) the Series 2018-1 4 Final Maturity Date, any funds remaining in the Series 2018-1 4 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 2018-1 4 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.

Appears in 2 contracts

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

Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (i) the payment in full of the Series 2018-1 20 - Notes, (ii) the first Payment Date relating to an Early Amortization Period, and (iii) the Series 2018-1 20 - Final Maturity Date, any funds remaining in the Series 2018-1 20 - Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 2018-1 20 - Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.

Appears in 2 contracts

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

Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (iA) the payment in full of the Series 20182016-1 4 Notes, (iiB) the first Payment Date relating to an Early Amortization Period, and (iiiC) the Series 20182016-1 4 Final Maturity Date, any funds remaining in the Series 20182016-1 4 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 20182016-1 4 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.

Appears in 2 contracts

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

Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (i) the payment in full of the Series 20182017-1 3 Notes, (ii) the first Payment Date relating to an Early Amortization Period, and (iii) the Series 20182017-1 3 Final Maturity Date, any funds remaining in the Series 20182017-1 3 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 20182017-1 3 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.

Appears in 2 contracts

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

Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (i) the payment in full of the Series 20182019-1 3 Notes, (ii) the first Payment Date relating to an Early Amortization Period, and (iii) the Series 20182019-1 3 Final Maturity Date, any funds remaining in the Series 20182019-1 3 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 20182019-1 3 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.

Appears in 2 contracts

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

Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (iA) the payment in full of the Series 2018-1 20 - Notes, (iiB) the first Payment Date relating to an Early Amortization Period, and (iiiC) the Series 2018-1 20 - Final Maturity Date, any funds remaining in the Series 2018-1 20 - Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 2018-1 20 - Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.

Appears in 2 contracts

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

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Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (i) the payment in full of the Series 20182017-1 2 Notes, (ii) the first Payment Date relating to an Early Amortization Period, and (iii) the Series 20182017-1 2 Final Maturity Date, any funds remaining in the Series 20182017-1 2 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 20182017-1 2 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.

Appears in 2 contracts

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

Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (i) the payment in full of the Series 20182019-1 4 Notes, (ii) the first Payment Date relating to an Early Amortization Period, and (iii) the Series 20182019-1 4 Final Maturity Date, any funds remaining in the Series 20182019-1 4 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 20182019-1 4 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.

Appears in 2 contracts

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

Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (i) the payment in full of the Series 20182020-1 Notes, (ii) the first Payment Date relating to an Early Amortization Period, and (iii) the Series 20182020-1 Final Maturity Date, any funds remaining in the Series 20182020-1 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 20182020-1 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.

Appears in 2 contracts

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

Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (i) the payment in full of the Series 20182019-1 2 Notes, (ii) the first Payment Date relating to an Early Amortization Period, and (iii) the Series 20182019-1 2 Final Maturity Date, any funds remaining in the Series 20182019-1 2 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 20182019-1 2 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.

Appears in 2 contracts

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

Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (i) the payment in full of the Series 2018-1 2 Notes, (ii) the first Payment Date relating to an Early Amortization Period, and (iii) the Series 2018-1 2 Final Maturity Date, any funds remaining in the Series 2018-1 2 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 2018-1 2 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.

Appears in 2 contracts

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

Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (iA) the payment in full of the Series 20182016-1 5 Notes, (iiB) the first Payment Date relating to an Early Amortization Period, and (iiiC) the Series 20182016-1 5 Final Maturity Date, any funds remaining in the Series 20182016-1 5 Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 20182016-1 5 Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.

Appears in 2 contracts

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

Release of Funds in Accumulation Period Reserve Account. On the earliest to occur of (i) the payment in full of the Series 2018-1 20__-__ Notes, (ii) the first Payment Date relating to an Early Amortization Period, and (iii) the Series 2018-1 20__-__ Final Maturity Date, any funds remaining in the Series 2018-1 20__-__ Accumulation Period Reserve Account will be treated as Available Investor Interest Collections. The Series 2018-1 20__-__ Accumulation Period Reserve Account will, following that occurrence, be considered to have terminated for purposes of this Indenture Supplement.]

Appears in 1 contract

Samples: Indenture Supplement (Ford Credit Floorplan LLC)

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