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

Release of Funds in Reserve Account. On the earlier to occur of (i) the payment in full of the Series 2017-3 Notes, and (ii) the Series 2017-3 Final Maturity Date, any funds remaining in the Series 2017-3 Reserve Account will be treated as Available Investor Principal Collections. The Series 2017-3 Reserve Account will, following that occurrence, be considered to have terminated under this Indenture Supplement.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

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Release of Funds in Reserve Account. On the earlier to occur of (i) the payment in full of the Series 20172018-3 2 Notes, and (ii) the Series 20172018-3 2 Final Maturity Date, any funds remaining in the Series 20172018-3 2 Reserve Account will be treated as Available Investor Principal Collections. The Series 20172018-3 2 Reserve Account will, following that occurrence, be considered to have terminated under this Indenture Supplement.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Release of Funds in Reserve Account. On the earlier to occur of (i) the payment in full of the Series 20172020-3 1 Notes, and (ii) the Series 20172020-3 1 Final Maturity Date, any funds remaining in the Series 20172020-3 1 Reserve Account will be treated as Available Investor Principal Collections. The Series 20172020-3 1 Reserve Account will, following that occurrence, be considered to have terminated under this Indenture Supplement.

Appears in 2 contracts

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

Release of Funds in Reserve Account. On the earlier to occur of (i) the payment in full of the Series 20172019-3 1 Notes, and (ii) the Series 20172019-3 1 Final Maturity Date, any funds remaining in the Series 20172019-3 1 Reserve Account will be treated as Available Investor Principal Collections. The Series 20172019-3 1 Reserve Account will, following that occurrence, be considered to have terminated under this Indenture Supplement.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Release of Funds in Reserve Account. On the earlier to occur of (i) the payment in full of the Series 20172018-3 Notes, and (ii) the Series 20172018-3 Final Maturity Date, any funds remaining in the Series 20172018-3 Reserve Account will be treated as Available Investor Principal Collections. The Series 20172018-3 Reserve Account will, following that occurrence, be considered to have terminated under this Indenture Supplement.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Release of Funds in Reserve Account. On the earlier to occur of (iA) the payment in full of the Series 20172016-3 4 Notes, and (iiB) the Series 20172016-3 4 Final Maturity Date, any funds remaining in the Series 20172016-3 4 Reserve Account will be treated as Available Investor Principal Collections. The Series 20172016-3 4 Reserve Account will, following that occurrence, be considered to have terminated under this Indenture Supplement.

Appears in 2 contracts

Samples: Ford Credit Floorplan Corp, Ford Credit Floorplan Corp

Release of Funds in Reserve Account. On the earlier to occur of (i) the payment in full of the Series 20172018-3 4 Notes, and (ii) the Series 20172018-3 4 Final Maturity Date, any funds remaining in the Series 20172018-3 4 Reserve Account will be treated as Available Investor Principal Collections. The Series 20172018-3 4 Reserve Account will, following that occurrence, be considered to have terminated under this Indenture Supplement.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Release of Funds in Reserve Account. On the earlier to occur of (i) the payment in full of the Series 20172019-3 4 Notes, and (ii) the Series 20172019-3 4 Final Maturity Date, any funds remaining in the Series 20172019-3 4 Reserve Account will be treated as Available Investor Principal Collections. The Series 20172019-3 4 Reserve Account will, following that occurrence, be considered to have terminated under this Indenture Supplement.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Release of Funds in Reserve Account. On the earlier to occur of (i) the payment in full of the Series 2017-3 1 Notes, and (ii) the Series 2017-3 1 Final Maturity Date, any funds remaining in the Series 2017-3 1 Reserve Account will be treated as Available Investor Principal Collections. The Series 2017-3 1 Reserve Account will, following that occurrence, be considered to have terminated under this Indenture Supplement.

Appears in 2 contracts

Samples: Ford Credit Floorplan Corp, Ford Credit Floorplan LLC

Release of Funds in Reserve Account. On the earlier to occur of (i) the payment in full of the Series 20172019-3 2 Notes, and (ii) the Series 20172019-3 2 Final Maturity Date, any funds remaining in the Series 20172019-3 2 Reserve Account will be treated as Available Investor Principal Collections. The Series 20172019-3 2 Reserve Account will, following that occurrence, be considered to have terminated under this Indenture Supplement.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

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Release of Funds in Reserve Account. On the earlier to occur of (i) the payment in full of the Series 20172019-3 Notes, and (ii) the Series 20172019-3 Final Maturity Date, any funds remaining in the Series 20172019-3 Reserve Account will be treated as Available Investor Principal Collections. The Series 20172019-3 Reserve Account will, following that occurrence, be considered to have terminated under this Indenture Supplement.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Release of Funds in Reserve Account. On the earlier to occur of (i) the payment in full of the Series 20172018-3 1 Notes, and (ii) the Series 20172018-3 1 Final Maturity Date, any funds remaining in the Series 20172018-3 1 Reserve Account will be treated as Available Investor Principal Collections. The Series 20172018-3 1 Reserve Account will, following that occurrence, be considered to have terminated under this Indenture Supplement.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Release of Funds in Reserve Account. On the earlier to occur of (i) the payment in full of the Series 20172020-3 2 Notes, and (ii) the Series 20172020-3 2 Final Maturity Date, any funds remaining in the Series 20172020-3 2 Reserve Account will be treated as Available Investor Principal Collections. The Series 20172020-3 2 Reserve Account will, following that occurrence, be considered to have terminated under this Indenture Supplement.

Appears in 2 contracts

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

Release of Funds in Reserve Account. On the earlier to occur of (iA) the payment in full of the Series 20172016-3 5 Notes, and (iiB) the Series 20172016-3 5 Final Maturity Date, any funds remaining in the Series 20172016-3 5 Reserve Account will be treated as Available Investor Principal Collections. The Series 20172016-3 5 Reserve Account will, following that occurrence, be considered to have terminated under this Indenture Supplement.

Appears in 2 contracts

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

Release of Funds in Reserve Account. On the earlier to occur of (i) the payment in full of the Series 2017-3 2 Notes, and (ii) the Series 2017-3 2 Final Maturity Date, any funds remaining in the Series 2017-3 2 Reserve Account will be treated as Available Investor Principal Collections. The Series 2017-3 2 Reserve Account will, following that occurrence, be considered to have terminated under this Indenture Supplement.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan LLC

Release of Funds in Reserve Account. On the earlier to occur of (iA) the payment in full of the Series 20172016-3 Notes, and (iiB) the Series 20172016-3 Final Maturity Date, any funds remaining in the Series 20172016-3 Reserve Account will be treated as Available Investor Principal Collections. The Series 20172016-3 Reserve Account will, following that occurrence, be considered to have terminated under this Indenture Supplement.

Appears in 2 contracts

Samples: Ford Credit Floorplan Corp, Ford Credit Floorplan Corp

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