Common use of Authentication and Delivery Clause in Contracts

Authentication and Delivery. The Indenture Trustee will, on Trust Order, authenticate and deliver the Notes for original issue in the Classes, Note Interest Rates and initial Note Balances as stated below. Class Note Interest Rate Initial Note Balance Class A-1a Notes 5.00% $835,260,000 Class A-1b Notes Compounded SOFR* + 0.65% $278,500,000 Class B Notes 5.24% $85,150,000 Class C Notes 5.49% $51,090,000 __________________ * Upon the occurrence of a Benchmark Transition Event, Compounded SOFR will be replaced by the appropriate Benchmark Replacement as set forth in Section 2.16 of this Indenture.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

AutoNDA by SimpleDocs

Authentication and Delivery. The Indenture Trustee will, on Trust Order, authenticate and deliver the Notes for original issue in the Classes, Note Interest Rates and initial Note Balances as stated below. Class Note Interest Rate Initial Note Balance Class A-1a Notes 5.005.23% $835,260,000 623,707,000 Class A-1b Notes Compounded SOFR* + 0.650.85% $278,500,000 267,303,000 Class B Notes 5.245.48% $85,150,000 68,120,000 Class C Notes 5.495.72% $51,090,000 40,870,000 __________________ * Upon the occurrence of a Benchmark Transition Event, Compounded SOFR will be replaced by the appropriate Benchmark Replacement as set forth in Section 2.16 of this Indenture.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Authentication and Delivery. The Indenture Trustee will, on Trust Order, authenticate and deliver the Notes for original issue in the Classes, Note Interest Rates and initial Note Balances as stated below. Class Note Interest Rate Initial Note Balance Class A-1a Notes 5.005.16% $835,260,000 537,800,000 Class A-1b Notes Compounded SOFR* + 0.650.85% $278,500,000 175,000,000 Class B Notes 5.245.40% $85,150,000 54,500,000 Class C Notes 5.495.65% $51,090,000 32,700,000 __________________ * Upon the occurrence of a Benchmark Transition Event, Compounded SOFR will be replaced by the appropriate Benchmark Replacement as set forth in Section 2.16 of this Indenture.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

AutoNDA by SimpleDocs

Authentication and Delivery. The Indenture Trustee will, on Trust Order, authenticate and deliver the Notes for original issue in the Classes, Note Interest Rates and initial Note Balances as stated below. Class Note Interest Rate Initial Note Balance Class A-1a Notes 5.003.72% $835,260,000 351,005,000 Class A-1b Notes Compounded SOFR* + 0.650.62% $278,500,000 57,355,000 Class B Notes 5.243.96% $85,150,000 35,310,000 Class C Notes 5.494.21% $51,090,000 16,410,000 __________________ * Upon the occurrence of a Benchmark Transition Event, Compounded SOFR will be replaced by the appropriate Benchmark Replacement as set forth in Section 2.16 of this Indenture.

Appears in 1 contract

Samples: Verizon Master Trust

Time is Money Join Law Insider Premium to draft better contracts faster.