REPORTS AND SERVICING 17. Section 3.1. Reports and Statements to Noteholders of Series 2015-5 Notes 17 Section 3.2. Servicing Compensation 18 ARTICLE IV RIGHTS OF NOTEHOLDERS OF SERIES 2015-5 NOTES AND ALLOCATION AND APPLICATION OF COLLECTIONS 18 Section 4.1. Collections and Allocations 18 Section 4.2. Application of Available Funds in Collection Account and Other Sources 21 Section 4.3. Investor Charge-Offs 24 Section 4.4. Reallocated Principal Collections 25 Section 4.5. Excess Interest Collections 25 Section 4.6. Shared Principal Collections 25 Section 4.7. Series 2015-5 Accounts 25 Section 4.8. Permitted Investments 27 Section 4.9. Investment Instructions 27 ARTICLE V THE NOTES 28 Section 5.1. Retention By Depositors 28 Section 5.2. Securities Act Restrictions 28 Section 5.3. Note Owner Representations 29 Section 5.4. Amendments to Comply with Law Relating to Restricted Securities 30 ARTICLE VI SERIES 2015-5 AMORTIZATION EVENTS 30 Section 6.1. Series 2015-5 Amortization Events 30
Appears in 2 contracts
Samples: Ford Credit Floorplan Master Owner Trust A, Ford Credit Floorplan Master Owner Trust A
REPORTS AND SERVICING 17. Section 3.1. Reports and Statements to Noteholders of Series 20152012-5 2 Notes 17 Section 3.2. Servicing Compensation 18 ARTICLE IV RIGHTS OF NOTEHOLDERS OF SERIES 20152012-5 2 NOTES AND ALLOCATION AND APPLICATION OF COLLECTIONS 18 Section 4.1. Collections and Allocations 18 Section 4.2. Application of Available Funds in Collection Account and Other Sources 21 Section 4.3. Investor Charge-Offs 24 Section 4.4. Reallocated Principal Collections 25 Section 4.5. Excess Interest Collections 25 Section 4.6. Shared Principal Collections 25 Section 4.7. Series 20152012-5 2 Accounts 25 Section 4.8. Permitted Investments 27 Section 4.9. Investment Instructions 27 ARTICLE V THE NOTES 28 Section 5.1. Retention By Depositors 28 Section 5.2. Securities Act Restrictions 28 Section 5.3. Note Owner Representations 29 Section 5.4. Amendments to Comply with Law Relating to Restricted Securities 30 28 ARTICLE VI SERIES 20152012-5 2 AMORTIZATION EVENTS 30 28 Section 6.1. Series 20152012-5 2 Amortization Events 3028
Appears in 2 contracts
Samples: Series 2012 (Ford Credit Floorplan Master Owner Trust a Series 2012-2), Ford Credit Floorplan Master Owner Trust a Series 2012-2
REPORTS AND SERVICING 17. Section 3.1. Reports and Statements to Noteholders of Series 20152012-5 Notes 17 Section 3.2. Servicing Compensation 18 ARTICLE IV RIGHTS OF NOTEHOLDERS OF SERIES 20152012-5 NOTES AND ALLOCATION AND APPLICATION OF COLLECTIONS 18 Section 4.1. Collections and Allocations 18 Section 4.2. Application of Available Funds in Collection Account and Other Sources 21 Section 4.3. Investor Charge-Offs 24 Section 4.4. Reallocated Principal Collections 25 Section 4.5. Excess Interest Collections 25 Section 4.6. Shared Principal Collections 25 Section 4.7. Series 20152012-5 Accounts 25 Section 4.8. Permitted Investments 27 Section 4.9. Investment Instructions 27 ARTICLE V THE NOTES 28 Section 5.1. Retention By Depositors 28 Section 5.2. Securities Act Restrictions 28 Section 5.3. Note Owner Representations 29 Section 5.4. Amendments to Comply with Law Relating to Restricted Securities 30 28 ARTICLE VI SERIES 20152012-5 AMORTIZATION EVENTS 30 28 Section 6.1. Series 20152012-5 Amortization Events 3028
Appears in 2 contracts
Samples: Ford Credit Floorplan Master Owner Trust a Series 2012-5, Ford Credit Floorplan Master Owner Trust a Series 2012-5