Release of Funds in Reserve Account. On the earlier to occur of (A) the payment in full of the Series 20 - Notes, and (B) the Series 20 - Final Maturity Date, any funds remaining in the Series 20 - Reserve Account will be treated as Available Investor Principal Collections. The Series 20 - 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 (Ai) the payment in full of the Series 20 - Notes, and (Bii) the Series 20 - Final Maturity Date, any funds remaining in the Series 20 - Reserve Account will be treated as Available Investor Principal Collections. The Series 20 - Reserve Account will, following that occurrence, be considered to have terminated under this Indenture Supplement.
Appears in 2 contracts
Samples: Series (Ford Credit Floorplan LLC), Series (Ford Credit Floorplan LLC)
Release of Funds in Reserve Account. On the earlier to occur of (A) the payment in full of the Series 20 - 2016-1 Notes, and (B) the Series 20 - 2016-1 Final Maturity Date, any funds remaining in the Series 20 - 2016-1 Reserve Account will be treated as Available Investor Principal Collections. The Series 20 - 2016-1 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), Series 2016 (Ford Credit Floorplan Corp)
