REPORTS AND SERVICING 18. Section 3.1. Reports and Statements to Noteholders of Series 2015-4 Notes 18 Section 3.2. Servicing Compensation 19 ARTICLE IV RIGHTS OF NOTEHOLDERS OF SERIES 2015-4 NOTES AND ALLOCATION AND APPLICATION OF COLLECTIONS 19 Section 4.1. Collections and Allocations 19 Section 4.2. Application of Available Funds in Collection Account and Other Sources 21 Section 4.3. Investor Charge-Offs 25 Section 4.4. Reallocated Principal Collections 25 Section 4.5. Excess Interest Collections 26 Section 4.6. Shared Principal Collections 26 Section 4.7. Series 2015-4 Accounts 26 Section 4.8. Permitted Investments 28 Section 4.9. Investment Instructions 28 Section 4.10. Determination and Notification of LIBOR 28 ARTICLE V THE NOTES 28 Section 5.1. Retention By Depositors 28 Section 5.2. Securities Act Restrictions 29 Section 5.3. Note Owner Representations 30 Section 5.4. Amendments to Comply with Law Relating to Restricted Securities 31 ARTICLE VI SERIES 2015-4 AMORTIZATION EVENTS 31 Section 6.1. Series 2015-4 Amortization Events 31 ARTICLE VII SERIES FINAL MATURITY; FINAL PAYMENTS 32 Section 7.1. Series Final Maturity 32 ARTICLE VIII MISCELLANEOUS PROVISIONS 33 Section 8.1. Ratification of Agreement 33 Section 8.2. GOVERNING LAW 33 Section 8.3. Counterparts 33 Exhibit A Form of Class [A/B/C/D] Note A-1 Exhibit B Form of Monthly Investor Report B-1 SERIES 2015-4 INDENTURE SUPPLEMENT, dated as of August 1, 2015 (this “Indenture Supplement”), between FORD CREDIT FLOORPLAN MASTER OWNER TRUST A, a Delaware statutory trust, as Issuer, and THE BANK OF NEW YORK MELLON, a New York banking corporation, as Indenture Trustee.
Appears in 2 contracts
Samples: Ford Credit Floorplan Master Owner Trust A, Ford Credit Floorplan Master Owner Trust A
REPORTS AND SERVICING 18. Section 3.1. Reports and Statements to Noteholders of Series 20152013-4 3 Notes 18 Section 3.2. Servicing Compensation 19 ARTICLE IV RIGHTS OF NOTEHOLDERS OF SERIES 20152013-4 3 NOTES AND ALLOCATION AND APPLICATION OF COLLECTIONS 19 Section 4.1. Collections and Allocations 19 Section 4.2. Application of Available Funds in Collection Account and Other Sources 21 22 Section 4.3. Investor Charge-Offs 25 Section 4.4. Reallocated Principal Collections 25 26 Section 4.5. Excess Interest Collections 26 Section 4.6. Shared Principal Collections 26 Section 4.7. Series 20152013-4 3 Accounts 26 Section 4.8. Permitted Investments 28 Section 4.9. Investment Instructions 28 Section 4.10. Determination and Notification of LIBOR 28 29 ARTICLE V THE NOTES 28 29 Section 5.1. Retention By Depositors 28 29 Section 5.2. Securities Act Restrictions 29 Section 5.3. Note Owner Representations 30 Section 5.4. Amendments to Comply with Law Relating to Restricted Securities 31 29 ARTICLE VI SERIES 20152013-4 3 AMORTIZATION EVENTS 31 29 Section 6.1. Series 20152013-4 3 Amortization Events 31 29 ARTICLE VII SERIES FINAL MATURITY; FINAL PAYMENTS 32 31 Section 7.1. Series Final Maturity 32 31 ARTICLE VIII MISCELLANEOUS PROVISIONS 33 31 Section 8.1. Ratification of Agreement 33 31 Section 8.2. GOVERNING LAW 33 Counterparts 31 Section 8.3. Counterparts 33 GOVERNING LAW 31 Exhibit A Form of Class [A/B/C/D] Note A-1 Exhibit B Form of Monthly Investor Report B-1 SERIES 20152013-4 3 INDENTURE SUPPLEMENT, dated as of August June 1, 2015 2013 (this “Indenture Supplement”), between FORD CREDIT FLOORPLAN MASTER OWNER TRUST A, a Delaware statutory trust, as Issuer, and THE BANK OF NEW YORK MELLON, a New York banking corporation, as Indenture Trustee.
Appears in 2 contracts
Samples: Ford Credit Floorplan Master Owner Trust A, Ford Credit Floorplan Master Owner Trust A
REPORTS AND SERVICING 18. Section 3.1. Reports and Statements to Noteholders of Series 20152014-4 2 Notes 18 Section 3.2. Servicing Compensation 19 ARTICLE IV RIGHTS OF NOTEHOLDERS OF SERIES 20152014-4 2 NOTES AND ALLOCATION AND APPLICATION OF COLLECTIONS 19 Section 4.1. Collections and Allocations 19 Section 4.2. Application of Available Funds in Collection Account and Other Sources 21 22 Section 4.3. Investor Charge-Offs 25 Section 4.4. Reallocated Principal Collections 25 26 Section 4.5. Excess Interest Collections 26 Section 4.6. Shared Principal Collections 26 Section 4.7. Series 20152014-4 2 Accounts 26 Section 4.8. Permitted Investments 28 Section 4.9. Investment Instructions 28 Section 4.10. Determination and Notification of LIBOR 28 29 ARTICLE V THE NOTES 28 29 Section 5.1. Retention By Depositors 28 29 Section 5.2. Securities Act Restrictions 29 Section 5.3. Note Owner Representations 30 Section 5.4. Amendments to Comply with Law Relating to Restricted Securities 31 ARTICLE VI SERIES 20152014-4 2 AMORTIZATION EVENTS 31 Section 6.1. Series 20152014-4 2 Amortization Events 31 ARTICLE VII SERIES FINAL MATURITY; FINAL PAYMENTS 32 33 Section 7.1. Series Final Maturity 32 33 ARTICLE VIII MISCELLANEOUS PROVISIONS 33 Section 8.1. Ratification of Agreement 33 Section 8.2. GOVERNING LAW Counterparts 33 Section 8.3. Counterparts GOVERNING LAW 33 Exhibit A Form of Class [A/B/C/D] Note A-1 Exhibit B Form of Monthly Investor Report B-1 SERIES 20152014-4 2 INDENTURE SUPPLEMENT, dated as of August February 1, 2015 2014 (this “Indenture Supplement”), between FORD CREDIT FLOORPLAN MASTER OWNER TRUST A, a Delaware statutory trust, as Issuer, and THE BANK OF NEW YORK MELLON, a New York banking corporation, as Indenture Trustee.
Appears in 2 contracts
Samples: Ford Credit Floorplan Master Owner Trust A, Ford Credit Floorplan Master Owner Trust A
REPORTS AND SERVICING 18. Section 3.1. Reports and Statements to Noteholders of Series 2015-4 2 Notes 18 Section 3.2. Servicing Compensation 19 ARTICLE IV RIGHTS OF NOTEHOLDERS OF SERIES 2015-4 2 NOTES AND ALLOCATION AND APPLICATION OF COLLECTIONS 19 Section 4.1. Collections and Allocations 19 Section 4.2. Application of Available Funds in Collection Account and Other Sources 21 Section 4.3. Investor Charge-Offs 25 Section 4.4. Reallocated Principal Collections 25 Section 4.5. Excess Interest Collections 26 25 Section 4.6. Shared Principal Collections 26 Section 4.7. Series 2015-4 2 Accounts 26 Section 4.8. Permitted Investments 28 Section 4.9. Investment Instructions 28 Section 4.10. Determination and Notification of LIBOR 28 ARTICLE V THE NOTES 28 Section 5.1. Retention By Depositors 28 Section 5.2. Securities Act Restrictions 29 Section 5.3. Note Owner Representations 30 29 Section 5.4. Amendments to Comply with Law Relating to Restricted Securities 31 ARTICLE VI SERIES 2015-4 2 AMORTIZATION EVENTS 31 Section 6.1. Series 2015-4 2 Amortization Events 31 ARTICLE VII SERIES FINAL MATURITY; FINAL PAYMENTS 32 Section 7.1. Series Final Maturity 32 ARTICLE VIII MISCELLANEOUS PROVISIONS 33 Section 8.1. Ratification of Agreement 33 Section 8.2. GOVERNING LAW 33 Section 8.3. Counterparts 33 Exhibit A Form of Class [A/B/C/D] Note A-1 Exhibit B Form of Monthly Investor Report B-1 SERIES 2015-4 2 INDENTURE SUPPLEMENT, dated as of August February 1, 2015 (this “Indenture Supplement”), between FORD CREDIT FLOORPLAN MASTER OWNER TRUST A, a Delaware statutory trust, as Issuer, and THE BANK OF NEW YORK MELLON, a New York banking corporation, as Indenture Trustee.
Appears in 2 contracts
Samples: Ford Credit Floorplan Master Owner Trust A, Ford Credit Floorplan Master Owner Trust A
REPORTS AND SERVICING 18. Section 3.1. Reports and Statements to Noteholders of Series 20152014-4 Notes 18 Section 3.2. Servicing Compensation 19 ARTICLE IV RIGHTS OF NOTEHOLDERS OF SERIES 20152014-4 NOTES AND ALLOCATION AND APPLICATION OF COLLECTIONS 19 Section 4.1. Collections and Allocations 19 Section 4.2. Application of Available Funds in Collection Account and Other Sources 21 22 Section 4.3. Investor Charge-Offs 25 Section 4.4. Reallocated Principal Collections 25 26 Section 4.5. Excess Interest Collections 26 Section 4.6. Shared Principal Collections 26 Section 4.7. Series 20152014-4 Accounts 26 Section 4.8. Permitted Investments 28 Section 4.9. Investment Instructions 28 Section 4.10. Determination and Notification of LIBOR 28 ARTICLE V THE NOTES 28 29 Section 5.1. Retention By Depositors 28 29 Section 5.2. Securities Act Restrictions 29 Section 5.3. Note Owner Representations 30 Section 5.4. Amendments to Comply with Law Relating to Restricted Securities 31 ARTICLE VI SERIES 20152014-4 AMORTIZATION EVENTS 31 Section 6.1. Series 20152014-4 Amortization Events 31 ARTICLE VII SERIES FINAL MATURITY; FINAL PAYMENTS 32 Section 7.1. Series Final Maturity 32 ARTICLE VIII MISCELLANEOUS PROVISIONS 33 Section 8.1. Ratification of Agreement 33 Section 8.2. GOVERNING LAW 33 Section 8.3. Counterparts 33 Exhibit A Form of Class [A/B/C/D] Note A-1 Exhibit B Form of Monthly Investor Report B-1 SERIES 20152014-4 INDENTURE SUPPLEMENT, dated as of August 1, 2015 2014 (this “Indenture Supplement”), between FORD CREDIT FLOORPLAN MASTER OWNER TRUST A, a Delaware statutory trust, as Issuer, and THE BANK OF NEW YORK MELLON, a New York banking corporation, as Indenture Trustee.
Appears in 2 contracts
Samples: Ford Credit Floorplan Master Owner Trust A, Ford Credit Floorplan Master Owner Trust A
REPORTS AND SERVICING 18. Section 3.1. Reports and Statements to Noteholders of Series 20152013-4 Notes 18 Section 3.2. Servicing Compensation 19 ARTICLE IV RIGHTS OF NOTEHOLDERS OF SERIES 20152013-4 NOTES AND ALLOCATION AND APPLICATION OF COLLECTIONS 19 Section 4.1. Collections and Allocations 19 Section 4.2. Application of Available Funds in Collection Account and Other Sources 21 Section 4.3. Investor Charge-Offs 25 Section 4.4. Reallocated Principal Collections 25 Section 4.5. Excess Interest Collections 26 25 Section 4.6. Shared Principal Collections 26 25 Section 4.7. Series 20152013-4 Accounts 26 Section 4.8. Permitted Investments 28 Section 4.9. Investment Instructions 28 Section 4.10. Determination and Notification of LIBOR 28 ARTICLE V THE NOTES 28 Section 5.1. Retention By Depositors 28 Section 5.2. Securities Act Restrictions 29 Section 5.3. Note Owner Representations 30 Section 5.4. Amendments to Comply with Law Relating to Restricted Securities 31 28 ARTICLE VI SERIES 20152013-4 AMORTIZATION EVENTS 31 29 Section 6.1. Series 20152013-4 Amortization Events 31 29 ARTICLE VII SERIES FINAL MATURITY; FINAL PAYMENTS 32 30 Section 7.1. Series Final Maturity 32 30 ARTICLE VIII MISCELLANEOUS PROVISIONS 33 31 Section 8.1. Ratification of Agreement 33 31 Section 8.2. GOVERNING LAW 33 Counterparts 31 Section 8.3. Counterparts 33 GOVERNING LAW 31 Exhibit A Form of Class [A/B/C/D] Note A-1 Exhibit B Form of Monthly Investor Report B-1 SERIES 20152013-4 INDENTURE SUPPLEMENT, dated as of August June 1, 2015 2013 (this “Indenture Supplement”), between FORD CREDIT FLOORPLAN MASTER OWNER TRUST A, a Delaware statutory trust, as Issuer, and THE BANK OF NEW YORK MELLON, a New York banking corporation, as Indenture Trustee.
Appears in 2 contracts
Samples: Ford Credit Floorplan Master Owner Trust A, Ford Credit Floorplan Master Owner Trust A
REPORTS AND SERVICING 18. Section 3.1. Reports and Statements to Noteholders of Series 20152012-4 1 Notes 18 Section 3.2. Servicing Compensation 19 18 ARTICLE IV RIGHTS OF NOTEHOLDERS OF SERIES 20152012-4 1 NOTES AND ALLOCATION AND APPLICATION OF COLLECTIONS 19 Section 4.1. Collections and Allocations 19 Section 4.2. Application of Available Funds in Collection Account and Other Sources 21 Section 4.3. Investor Charge-Offs 25 Section 4.4. Reallocated Principal Collections 25 Section 4.5. Excess Interest Collections 26 25 Section 4.6. Shared Principal Collections 26 25 Section 4.7. Series 20152012-4 1 Accounts 26 Section 4.8. Permitted Investments 28 Section 4.9. Investment Instructions 28 Section 4.10. Determination and Notification of LIBOR 28 ARTICLE V THE NOTES 28 Section 5.1. Retention By Depositors 28 Section 5.2. Securities Act Restrictions 29 Section 5.3. Note Owner Representations 30 Section 5.4. Amendments to Comply with Law Relating to Restricted Securities 31 28 ARTICLE VI SERIES 20152012-4 1 AMORTIZATION EVENTS 31 29 Section 6.1. Series 20152012-4 1 Amortization Events 31 29 ARTICLE VII SERIES FINAL MATURITY; FINAL PAYMENTS 32 30 Section 7.1. Series Final Maturity 32 30 ARTICLE VIII MISCELLANEOUS PROVISIONS 33 31 Section 8.1. Ratification of Agreement 33 31 Section 8.2. GOVERNING LAW 33 Counterparts 31 Section 8.3. Counterparts 33 GOVERNING LAW 31 Exhibit A Form of Class [A/B/C/D] Note A-1 Exhibit B Form of Monthly Investor Report B-1 SERIES 20152012-4 1 INDENTURE SUPPLEMENT, dated as of August February 1, 2015 2012 (this “Indenture Supplement”), between FORD CREDIT FLOORPLAN MASTER OWNER TRUST A, a Delaware statutory trust, as Issuer, and THE BANK OF NEW YORK MELLON, a New York banking corporation, as Indenture Trustee.
Appears in 1 contract
Samples: Ford Credit Floorplan Master Owner Trust a Series 2012-1