Common use of REPORTS AND SERVICING 18 Clause in Contracts

REPORTS AND SERVICING 18. Section 3.1. Reports and Statements to Noteholders of Series 2013-3 Notes 18 Section 3.2. Servicing Compensation 19 ARTICLE IV RIGHTS OF NOTEHOLDERS OF SERIES 2013-3 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 22 Section 4.3. Investor Charge-Offs 25 Section 4.4. Reallocated Principal Collections 26 Section 4.5. Excess Interest Collections 26 Section 4.6. Shared Principal Collections 26 Section 4.7. Series 2013-3 Accounts 26 Section 4.8. Permitted Investments 28 Section 4.9. Investment Instructions 28 Section 4.10. Determination and Notification of LIBOR 29 ARTICLE V THE NOTES 29 Section 5.1. Retention By Depositors 29 Section 5.2. Note Owner Representations 29 ARTICLE VI SERIES 2013-3 AMORTIZATION EVENTS 29 Section 6.1. Series 2013-3 Amortization Events 29 ARTICLE VII SERIES FINAL MATURITY; FINAL PAYMENTS 31 Section 7.1. Series Final Maturity 31 ARTICLE VIII MISCELLANEOUS PROVISIONS 31 Section 8.1. Ratification of Agreement 31 Section 8.2. Counterparts 31 Section 8.3. 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 2013-3 INDENTURE SUPPLEMENT, dated as of June 1, 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.

REPORTS AND SERVICING 18. Section 3.1. Reports and Statements to Noteholders of Series 2013-3 4 Notes 18 Section 3.2. Servicing Compensation 19 ARTICLE IV RIGHTS OF NOTEHOLDERS OF SERIES 2013-3 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 22 21 Section 4.3. Investor Charge-Offs 25 Section 4.4. Reallocated Principal Collections 26 25 Section 4.5. Excess Interest Collections 26 25 Section 4.6. Shared Principal Collections 26 25 Section 4.7. Series 2013-3 4 Accounts 26 Section 4.8. Permitted Investments 28 Section 4.9. Investment Instructions 28 Section 4.10. Determination and Notification of LIBOR 29 28 ARTICLE V THE NOTES 29 28 Section 5.1. Retention By Depositors 29 28 Section 5.2. Note Owner Representations 29 28 ARTICLE VI SERIES 2013-3 4 AMORTIZATION EVENTS 29 Section 6.1. Series 2013-3 4 Amortization Events 29 ARTICLE VII SERIES FINAL MATURITY; FINAL PAYMENTS 31 30 Section 7.1. Series Final Maturity 31 30 ARTICLE VIII MISCELLANEOUS PROVISIONS 31 Section 8.1. Ratification of Agreement 31 Section 8.2. Counterparts 31 Section 8.3. 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 2013-3 4 INDENTURE SUPPLEMENT, dated as of June 1, 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.

REPORTS AND SERVICING 18. Section 3.1. Reports and Statements to Noteholders of Series 20132014-3 4 Notes 18 Section 3.2. Servicing Compensation 19 ARTICLE IV RIGHTS OF NOTEHOLDERS OF SERIES 20132014-3 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 22 Section 4.3. Investor Charge-Offs 25 Section 4.4. Reallocated Principal Collections 26 Section 4.5. Excess Interest Collections 26 Section 4.6. Shared Principal Collections 26 Section 4.7. Series 20132014-3 4 Accounts 26 Section 4.8. Permitted Investments 28 Section 4.9. Investment Instructions 28 Section 4.10. Determination and Notification of LIBOR 29 28 ARTICLE V THE NOTES 29 Section 5.1. Retention By Depositors 29 Section 5.2. Securities Act Restrictions 29 Section 5.3. Note Owner Representations 29 30 Section 5.4. Amendments to Comply with Law Relating to Restricted Securities 31 ARTICLE VI SERIES 20132014-3 4 AMORTIZATION EVENTS 29 31 Section 6.1. Series 20132014-3 4 Amortization Events 29 31 ARTICLE VII SERIES FINAL MATURITY; FINAL PAYMENTS 31 32 Section 7.1. Series Final Maturity 31 32 ARTICLE VIII MISCELLANEOUS PROVISIONS 31 33 Section 8.1. Ratification of Agreement 31 33 Section 8.2. Counterparts 31 GOVERNING LAW 33 Section 8.3. GOVERNING LAW 31 Counterparts 33 Exhibit A Form of Class [A/B/C/D] Note A-1 Exhibit B Form of Monthly Investor Report B-1 SERIES 20132014-3 4 INDENTURE SUPPLEMENT, dated as of June August 1, 2013 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.

REPORTS AND SERVICING 18. Section 3.1. Reports and Statements to Noteholders of Series 20132015-3 4 Notes 18 Section 3.2. Servicing Compensation 19 ARTICLE IV RIGHTS OF NOTEHOLDERS OF SERIES 20132015-3 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 22 21 Section 4.3. Investor Charge-Offs 25 Section 4.4. Reallocated Principal Collections 26 25 Section 4.5. Excess Interest Collections 26 Section 4.6. Shared Principal Collections 26 Section 4.7. Series 20132015-3 4 Accounts 26 Section 4.8. Permitted Investments 28 Section 4.9. Investment Instructions 28 Section 4.10. Determination and Notification of LIBOR 29 28 ARTICLE V THE NOTES 29 28 Section 5.1. Retention By Depositors 28 Section 5.2. Securities Act Restrictions 29 Section 5.25.3. Note Owner Representations 29 30 Section 5.4. Amendments to Comply with Law Relating to Restricted Securities 31 ARTICLE VI SERIES 20132015-3 4 AMORTIZATION EVENTS 29 31 Section 6.1. Series 20132015-3 4 Amortization Events 29 31 ARTICLE VII SERIES FINAL MATURITY; FINAL PAYMENTS 31 32 Section 7.1. Series Final Maturity 31 32 ARTICLE VIII MISCELLANEOUS PROVISIONS 31 33 Section 8.1. Ratification of Agreement 31 33 Section 8.2. Counterparts 31 GOVERNING LAW 33 Section 8.3. GOVERNING LAW 31 Counterparts 33 Exhibit A Form of Class [A/B/C/D] Note A-1 Exhibit B Form of Monthly Investor Report B-1 SERIES 20132015-3 4 INDENTURE SUPPLEMENT, dated as of June August 1, 2013 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.

REPORTS AND SERVICING 18. Section 3.1. Reports and Statements to Noteholders of Series 20132014-3 2 Notes 18 Section 3.2. Servicing Compensation 19 ARTICLE IV RIGHTS OF NOTEHOLDERS OF SERIES 20132014-3 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 22 Section 4.3. Investor Charge-Offs 25 Section 4.4. Reallocated Principal Collections 26 Section 4.5. Excess Interest Collections 26 Section 4.6. Shared Principal Collections 26 Section 4.7. Series 20132014-3 2 Accounts 26 Section 4.8. Permitted Investments 28 Section 4.9. Investment Instructions 28 Section 4.10. Determination and Notification of LIBOR 29 ARTICLE V THE NOTES 29 Section 5.1. Retention By Depositors 29 Section 5.2. Securities Act Restrictions 29 Section 5.3. Note Owner Representations 29 30 Section 5.4. Amendments to Comply with Law Relating to Restricted Securities 31 ARTICLE VI SERIES 20132014-3 2 AMORTIZATION EVENTS 29 31 Section 6.1. Series 20132014-3 2 Amortization Events 29 31 ARTICLE VII SERIES FINAL MATURITY; FINAL PAYMENTS 31 33 Section 7.1. Series Final Maturity 31 33 ARTICLE VIII MISCELLANEOUS PROVISIONS 31 33 Section 8.1. Ratification of Agreement 31 33 Section 8.2. Counterparts 31 33 Section 8.3. GOVERNING LAW 31 33 Exhibit A Form of Class [A/B/C/D] Note A-1 Exhibit B Form of Monthly Investor Report B-1 SERIES 20132014-3 2 INDENTURE SUPPLEMENT, dated as of June February 1, 2013 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.

REPORTS AND SERVICING 18. Section 3.1. Reports and Statements to Noteholders of Series 20132015-3 2 Notes 18 Section 3.2. Servicing Compensation 19 ARTICLE IV RIGHTS OF NOTEHOLDERS OF SERIES 20132015-3 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 22 21 Section 4.3. Investor Charge-Offs 25 Section 4.4. Reallocated Principal Collections 26 25 Section 4.5. Excess Interest Collections 26 25 Section 4.6. Shared Principal Collections 26 Section 4.7. Series 20132015-3 2 Accounts 26 Section 4.8. Permitted Investments 28 Section 4.9. Investment Instructions 28 Section 4.10. Determination and Notification of LIBOR 29 28 ARTICLE V THE NOTES 29 28 Section 5.1. Retention By Depositors 28 Section 5.2. Securities Act Restrictions 29 Section 5.25.3. Note Owner Representations 29 Section 5.4. Amendments to Comply with Law Relating to Restricted Securities 31 ARTICLE VI SERIES 20132015-3 2 AMORTIZATION EVENTS 29 31 Section 6.1. Series 20132015-3 2 Amortization Events 29 31 ARTICLE VII SERIES FINAL MATURITY; FINAL PAYMENTS 31 32 Section 7.1. Series Final Maturity 31 32 ARTICLE VIII MISCELLANEOUS PROVISIONS 31 33 Section 8.1. Ratification of Agreement 31 33 Section 8.2. Counterparts 31 GOVERNING LAW 33 Section 8.3. GOVERNING LAW 31 Counterparts 33 Exhibit A Form of Class [A/B/C/D] Note A-1 Exhibit B Form of Monthly Investor Report B-1 SERIES 20132015-3 2 INDENTURE SUPPLEMENT, dated as of June February 1, 2013 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.

REPORTS AND SERVICING 18. Section 3.1. Reports and Statements to Noteholders of Series 20132012-3 1 Notes 18 Section 3.2. Servicing Compensation 19 18 ARTICLE IV RIGHTS OF NOTEHOLDERS OF SERIES 20132012-3 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 22 21 Section 4.3. Investor Charge-Offs 25 Section 4.4. Reallocated Principal Collections 26 25 Section 4.5. Excess Interest Collections 26 25 Section 4.6. Shared Principal Collections 26 25 Section 4.7. Series 20132012-3 1 Accounts 26 Section 4.8. Permitted Investments 28 Section 4.9. Investment Instructions 28 Section 4.10. Determination and Notification of LIBOR 29 28 ARTICLE V THE NOTES 29 28 Section 5.1. Retention By Depositors 29 28 Section 5.2. Note Owner Representations 29 28 ARTICLE VI SERIES 20132012-3 1 AMORTIZATION EVENTS 29 Section 6.1. Series 20132012-3 1 Amortization Events 29 ARTICLE VII SERIES FINAL MATURITY; FINAL PAYMENTS 31 30 Section 7.1. Series Final Maturity 31 30 ARTICLE VIII MISCELLANEOUS PROVISIONS 31 Section 8.1. Ratification of Agreement 31 Section 8.2. Counterparts 31 Section 8.3. 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 20132012-3 1 INDENTURE SUPPLEMENT, dated as of June February 1, 2013 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.