Shared Principal Collections. On each Payment Date, Series 2015-1 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for all Principal Sharing Series in Principal Sharing Group One for that Payment Date, times (b) a fraction, the numerator of which is the Principal Shortfall for Series 2015-1 for that Payment Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan Master Owner Trust A), Indenture Supplement (Ford Credit Floorplan Master Owner Trust A)
Shared Principal Collections. On each Payment Date, Series 20152012-1 4 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for with respect to all Principal Sharing Series in Principal Sharing Group One for that such Payment Date, times (b) a fraction, the numerator of which is the Principal Shortfall for Series 20152012-1 4 for that such Payment Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that such Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan Master Owner Trust a Series 2012-4), Indenture Supplement (Ford Credit Floorplan Master Owner Trust a Series 2012-4)
Shared Principal Collections. On each Payment Date, Series 20152019-1 4 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for all Principal Sharing Series in Principal Sharing Group One for that Payment Date, times (b) a fraction, the fraction with a numerator of which is equal to the Principal Shortfall for Series 20152019-1 4 for that Payment Date and the a denominator of which is equal to the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)
Shared Principal Collections. On each Payment Date, Series 20152013-1 5 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for with respect to all Principal Sharing Series in Principal Sharing Group One for that such Payment Date, times (b) a fraction, the numerator of which is the Principal Shortfall for Series 20152013-1 5 for that such Payment Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that such Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan Master Owner Trust A), Indenture Supplement (Ford Credit Floorplan Master Owner Trust A)
Shared Principal Collections. On each Payment Date, Series 20152017-1 2 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for all Principal Sharing Series in Principal Sharing Group One for that Payment Date, times (b) a fraction, the fraction with a numerator of which is equal to the Principal Shortfall for Series 20152017-1 2 for that Payment Date and the a denominator of which is equal to the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)
Shared Principal Collections. On each Payment Date, Series 20152017-1 3 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for all Principal Sharing Series in Principal Sharing Group One for that Payment Date, times (b) a fraction, the fraction with a numerator of which is equal to the Principal Shortfall for Series 20152017-1 3 for that Payment Date and the a denominator of which is equal to the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)
Shared Principal Collections. On each Payment Date, Series 20152019-1 3 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for all Principal Sharing Series in Principal Sharing Group One for that Payment Date, times (b) a fraction, the fraction with a numerator of which is equal to the Principal Shortfall for Series 20152019-1 3 for that Payment Date and the a denominator of which is equal to the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)
Shared Principal Collections. On each Payment Date, Series 20152020-1 2 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for all Principal Sharing Series in Principal Sharing Group One for that Payment Date, times (b) a fraction, the fraction with a numerator of which is equal to the Principal Shortfall for Series 20152020-1 2 for that Payment Date and the a denominator of which is equal to the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)
Shared Principal Collections. On each Payment Date, Series 20152016-1 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for all Principal Sharing Series in Principal Sharing Group One for that Payment Date, times (b) a fraction, the fraction with a numerator of which is equal to the Principal Shortfall for Series 20152016-1 for that Payment Date and the a denominator of which is equal to the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan Corp), Indenture Supplement (Ford Credit Floorplan Corp)
Shared Principal Collections. On each Payment Date, Series 20152019-1 2 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for all Principal Sharing Series in Principal Sharing Group One for that Payment Date, times (b) a fraction, the fraction with a numerator of which is equal to the Principal Shortfall for Series 20152019-1 2 for that Payment Date and the a denominator of which is equal to the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)
Shared Principal Collections. On each Payment Date, Series 20152012-1 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for with respect to all Principal Sharing Series in Principal Sharing Group One for that such Payment Date, times (b) a fraction, the numerator of which is the Principal Shortfall for Series 20152012-1 for that such Payment Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that such Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan Master Owner Trust a Series 2012-1), Indenture Supplement (Ford Credit Floorplan Master Owner Trust a Series 2012-1)
Shared Principal Collections. On each Payment Date, Series 20152013-1 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for with respect to all Principal Sharing Series in Principal Sharing Group One for that such Payment Date, times (b) a fraction, the numerator of which is the Principal Shortfall for Series 20152013-1 for that such Payment Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that such Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan Master Owner Trust A), Indenture Supplement (Ford Credit Floorplan Master Owner Trust A)
Shared Principal Collections. On each Payment Date, Series 2015-1 5 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for all Principal Sharing Series in Principal Sharing Group One for that Payment Date, times (b) a fraction, the numerator of which is the Principal Shortfall for Series 2015-1 5 for that Payment Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan Master Owner Trust A), Indenture Supplement (Ford Credit Floorplan Master Owner Trust A)
Shared Principal Collections. On each Payment Date, Series 20152012-1 5 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for with respect to all Principal Sharing Series in Principal Sharing Group One for that such Payment Date, times (b) a fraction, the numerator of which is the Principal Shortfall for Series 20152012-1 5 for that such Payment Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that such Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan Master Owner Trust a Series 2012-5), Indenture Supplement (Ford Credit Floorplan Master Owner Trust a Series 2012-5)
Shared Principal Collections. On each Payment Date, Series 20152018-1 2 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for all Principal Sharing Series in Principal Sharing Group One for that Payment Date, times (b) a fraction, the fraction with a numerator of which is equal to the Principal Shortfall for Series 20152018-1 2 for that Payment Date and the a denominator of which is equal to the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)
Shared Principal Collections. On each Payment Date, Series 20152019-1 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for all Principal Sharing Series in Principal Sharing Group One for that Payment Date, times (b) a fraction, the fraction with a numerator of which is equal to the Principal Shortfall for Series 20152019-1 for that Payment Date and the a denominator of which is equal to the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)
Shared Principal Collections. On each Payment Date, Series 2015-1 2 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for all Principal Sharing Series in Principal Sharing Group One for that Payment Date, times (b) a fraction, the numerator of which is the Principal Shortfall for Series 2015-1 2 for that Payment Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan Master Owner Trust A), Indenture Supplement (Ford Credit Floorplan Master Owner Trust A)
Shared Principal Collections. On each Payment Date, Series 20152014-1 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for with respect to all Principal Sharing Series in Principal Sharing Group One for that such Payment Date, times (b) a fraction, the numerator of which is the Principal Shortfall for Series 20152014-1 for that such Payment Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that such Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan Master Owner Trust A), Indenture Supplement (Ford Credit Floorplan Master Owner Trust A)
Shared Principal Collections. On each Payment Date, Series 20152025-1 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for all Principal Sharing Series in Principal Sharing Group One for that Payment Date, times (b) a fraction, the fraction with a numerator of which is equal to the Principal Shortfall for Series 20152025-1 for that Payment Date and the a denominator of which is equal to the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)
Shared Principal Collections. On each Payment Date, Series 20152013-1 4 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for with respect to all Principal Sharing Series in Principal Sharing Group One for that such Payment Date, times (b) a fraction, the numerator of which is the Principal Shortfall for Series 20152013-1 4 for that such Payment Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that such Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan Master Owner Trust A), Indenture Supplement (Ford Credit Floorplan Master Owner Trust A)
Shared Principal Collections. On each Payment Date, Series 20152011-1 2 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for with respect to all Principal Sharing Series in Principal Sharing Group One for that such Payment Date, times (b) a fraction, the numerator of which is the Principal Shortfall for Series 20152011-1 2 for that such Payment Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that such Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan Master Owner Trust a Series 2011-2), Indenture Supplement (Ford Credit Floorplan Master Owner Trust a Series 2011-2)
Shared Principal Collections. On each Payment Date, Series 2015-1 4 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for all Principal Sharing Series in Principal Sharing Group One for that Payment Date, times (b) a fraction, the numerator of which is the Principal Shortfall for Series 2015-1 4 for that Payment Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan Master Owner Trust A), Indenture Supplement (Ford Credit Floorplan Master Owner Trust A)
Shared Principal Collections. On each Payment Date, Series 20152018-1 3 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for all Principal Sharing Series in Principal Sharing Group One for that Payment Date, times (b) a fraction, the fraction with a numerator of which is equal to the Principal Shortfall for Series 20152018-1 3 for that Payment Date and the a denominator of which is equal to the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)
Shared Principal Collections. On each Payment Date, Series 20152014-1 2 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for with respect to all Principal Sharing Series in Principal Sharing Group One for that such Payment Date, times (b) a fraction, the numerator of which is the Principal Shortfall for Series 20152014-1 2 for that such Payment Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that such Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan Master Owner Trust A), Indenture Supplement (Ford Credit Floorplan Master Owner Trust A)
Shared Principal Collections. On each Payment Date, Series 20152014-1 4 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for all Principal Sharing Series in Principal Sharing Group One for that Payment Date, times (b) a fraction, the numerator of which is the Principal Shortfall for Series 20152014-1 4 for that Payment Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan Master Owner Trust A), Indenture Supplement (Ford Credit Floorplan Master Owner Trust A)
Shared Principal Collections. On each Payment Date, Series 20152012-1 2 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for with respect to all Principal Sharing Series in Principal Sharing Group One for that such Payment Date, times (b) a fraction, the numerator of which is the Principal Shortfall for Series 20152012-1 2 for that such Payment Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that such Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan Master Owner Trust a Series 2012-2), Indenture Supplement (Ford Credit Floorplan Master Owner Trust a Series 2012-2)
Shared Principal Collections. On each Payment Date, Series 20152016-1 5 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for all Principal Sharing Series in Principal Sharing Group One for that Payment Date, times (b) a fraction, the fraction with a numerator of which is equal to the Principal Shortfall for Series 20152016-1 5 for that Payment Date and the a denominator of which is equal to the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan Corp), Indenture Supplement (Ford Credit Floorplan Corp)
Shared Principal Collections. On each Payment Date, Series 20152018-1 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for all Principal Sharing Series in Principal Sharing Group One for that Payment Date, times (b) a fraction, the fraction with a numerator of which is equal to the Principal Shortfall for Series 20152018-1 for that Payment Date and the a denominator of which is equal to the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan LLC), Indenture Supplement (Ford Credit Floorplan LLC)
Shared Principal Collections. On each Payment Date, Series 20152016-1 4 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for all Principal Sharing Series in Principal Sharing Group One for that Payment Date, times (b) a fraction, the fraction with a numerator of which is equal to the Principal Shortfall for Series 20152016-1 4 for that Payment Date and the a denominator of which is equal to the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan Corp), Indenture Supplement (Ford Credit Floorplan Corp)
Shared Principal Collections. On each Payment Date, Series 20152017-1 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for all Principal Sharing Series in Principal Sharing Group One for that Payment Date, times (b) a fraction, the fraction with a numerator of which is equal to the Principal Shortfall for Series 20152017-1 for that Payment Date and the a denominator of which is equal to the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan Corp), Indenture Supplement (Ford Credit Floorplan LLC)
Shared Principal Collections. On each Payment Date, Series 20152013-1 3 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for with respect to all Principal Sharing Series in Principal Sharing Group One for that such Payment Date, times (b) a fraction, the numerator of which is the Principal Shortfall for Series 20152013-1 3 for that such Payment Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that such Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan Master Owner Trust A), Indenture Supplement (Ford Credit Floorplan Master Owner Trust A)
Shared Principal Collections. On each Payment Date, Series 20152016-1 3 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for all Principal Sharing Series in Principal Sharing Group One for that Payment Date, times (b) a fraction, the fraction with a numerator of which is equal to the Principal Shortfall for Series 20152016-1 3 for that Payment Date and the a denominator of which is equal to the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that Payment Date.
Appears in 2 contracts
Sources: Indenture Supplement (Ford Credit Floorplan Corp), Indenture Supplement (Ford Credit Floorplan Corp)
Shared Principal Collections. On each Payment Date, Series 20152011-1 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for with respect to all Principal Sharing Series in Principal Sharing Group One for that such Payment Date, times (b) a fraction, the numerator of which is the Principal Shortfall for Series 20152011-1 for that such Payment Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that such Payment Date.
Appears in 1 contract
Sources: Indenture Supplement (Ford Credit Floorplan Master Owner Trust a Series 2011-1)