Amortization Events. In connection with the preparation of each Monthly Investor Report, the Servicer will review the Amortization Events and determine whether an Amortization Event occurred during the Collection Period immediately preceding the related Collection Period (after giving effect to any acquisition of Additional Receivables during such Collection Period), and the Monthly Investor Report shall indicate whether or not an Amortization Event has occurred.
Appears in 24 contracts
Samples: Transfer and Servicing Agreement (Verizon Owner Trust 2020-B), Omnibus Amendment (Verizon Owner Trust 2020-A), Omnibus Amendment (Verizon Owner Trust 2020-C)
Amortization Events. In connection with the preparation of each Monthly Investor Report, the Servicer will review the Amortization Events for each Series and determine whether an Amortization Event for any Series occurred during the Collection Period immediately preceding the related Collection Period (after giving effect to any acquisition of Additional Receivables all transactions during such Collection Period), and the Monthly Investor Report shall indicate whether or not an Amortization Event for any Series has occurred.
Appears in 5 contracts
Samples: Master Collateral Agency and Intercreditor Agreement (Verizon Master Trust), Master Collateral Agency and Intercreditor Agreement (Verizon Master Trust), Transfer and Servicing Agreement (Verizon Master Trust)
