Common use of Excess Interest Collections Clause in Contracts

Excess Interest Collections. Subject to Section 8.05(b) of the Indenture, Excess Interest Collections with respect to the Excess Interest Sharing Series in Excess Interest Sharing Group One for any Distribution Date will be allocated to Series 2004-1 in an amount equal to the product of (i) the aggregate amount of Excess Interest Collections with respect to all the Excess Interest Sharing Series in

Appears in 1 contract

Sources: Indenture Supplement (Ford Credit Floorplan Master Owner Trust a Series 2004-1)

Excess Interest Collections. Subject to Section 8.05(b) of the Indenture, Excess Interest Collections with respect to the Excess Interest Sharing Series in Excess Interest Sharing Group One for any Distribution Date will be allocated to Series 20042009-1 2 in an amount equal to the product of (i) the aggregate amount of Excess Interest Collections with respect to all the Excess Interest Sharing Series inin Excess Interest Sharing Group One for such Distribution Date and (ii) a fraction, the numerator

Appears in 1 contract

Sources: Indenture Supplement (Ford Credit Floorplan Master Owner Trust a Series 2009-2)