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 5.67% $434,610,000 Class A-1b Notes Compounded SOFR* + 0.95% $100,000,000 Class B Notes 5.96% $40,870,000 Class C Notes 6.21% $24,520,000 __________________ * 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 5.675.34% $434,610,000 604,635,000 Class A-1b Notes Compounded SOFR* + 0.950.58% $100,000,000 175,000,000 Class B Notes 5.965.54% $40,870,000 59,605,000 Class C Notes 6.215.73% $24,520,000 35,760,000 __________________ * 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 5.675.23% $434,610,000 623,707,000 Class A-1b Notes Compounded SOFR* + 0.950.85% $100,000,000 267,303,000 Class B Notes 5.965.48% $68,120,000 Class C Notes 5.72% $40,870,000 Class C Notes 6.21% $24,520,000 __________________ * 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 5.675.61% $434,610,000 265,070,000 Class A-1b Notes Compounded SOFR* + 0.950.68% $100,000,000 113,600,000 Class B Notes 5.965.85% $40,870,000 28,950,000 Class C Notes 6.216.09% $24,520,000 17,380,000 __________________ * 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 5.673.72% $434,610,000 351,005,000 Class A-1b Notes Compounded SOFR* + 0.950.62% $100,000,000 57,355,000 Class B Notes 5.963.96% $40,870,000 35,310,000 Class C Notes 6.214.21% $24,520,000 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
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 5.674.17% $434,610,000 1,069,212,000 Class A-1b Notes Compounded SOFR* + 0.950.67% $100,000,000 267,300,000 Class B Notes 5.964.42% $40,870,000 102,180,000 Class C Notes 6.214.67% $24,520,000 61,308,000 __________________ * 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