Common use of Creation of Class R Interest Clause in Contracts

Creation of Class R Interest. At the direction of the Trust, the Class R Interest is being created hereunder as an interest in Series 2021-1 having the rights set forth in this Indenture and the Trust Agreement. The Class R Interest is being acquired on the date hereof by the True-up Trust, as the initial Class R Interest Holder.

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture (Verizon Master Trust)

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Creation of Class R Interest. At the direction of the Trust, the Class R Interest is being created hereunder as an interest in Series 20212022-1 3 having the rights set forth in this Indenture and the Trust Agreement. The Class R Interest is being acquired on the date hereof by the True-up Trust, as the initial Class R Interest Holder, as nominee of the Originators.

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture (Verizon Master Trust)

Creation of Class R Interest. At the direction of the Trust, the Class R Interest is being created hereunder as an interest in Series 20212023-1 having the rights set forth in this Indenture and the Trust Agreement. The Class R Interest is being acquired on the date hereof by the True-up Trust, as the initial Class R Interest Holder, as nominee of the Originators.

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

Creation of Class R Interest. At the direction of the Trust, the Class R Interest is being created hereunder as an interest in Series 20212024-1 4 having the rights set forth in this Indenture and the Trust Agreement. The Class R Interest is being acquired on the date hereof by the True-up Trust, as the initial Class R Interest Holder, as nominee of the Originators.

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

Creation of Class R Interest. At the direction of the Trust, the Class R Interest is being created hereunder as an interest in Series 20212024-1 3 having the rights set forth in this Indenture and the Trust Agreement. The Class R Interest is being acquired on the date hereof by the True-up Trust, as the initial Class R Interest Holder, as nominee of the Originators.

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture (Verizon Master Trust)

Creation of Class R Interest. At the direction of the Trust, the Class R Interest is being created hereunder as an interest in Series 20212022-1 having the rights set forth in this Indenture and the Trust Agreement. The Class R Interest is being acquired on the date hereof by the True-up Trust, as the initial Class R Interest Holder, as nominee of the Originators.

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

Creation of Class R Interest. At the direction of the Trust, the Class R Interest is being created hereunder as an interest in Series 20212023-1 7 having the rights set forth in this Indenture and the Trust Agreement. The Class R Interest is being acquired on the date hereof by the True-up Trust, as the initial Class R Interest Holder, as nominee of the Originators.

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

Creation of Class R Interest. At the direction of the Trust, the Class R Interest is being created hereunder as an interest in Series 20212022-1 2 having the rights set forth in this Indenture and the Trust Agreement. The Class R Interest is being acquired on the date hereof by the True-up Trust, as the initial Class R Interest Holder, as nominee of the Originators.

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

Creation of Class R Interest. At the direction of the Trust, the Class R Interest is being created hereunder as an interest in Series 2021-1 2 having the rights set forth in this Indenture and the Trust Agreement. The Class R Interest is being acquired on the date hereof by the True-up Trust, as the initial Class R Interest Holder.

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture (Verizon Master Trust)

Creation of Class R Interest. At the direction of the Trust, the Class R Interest is being created hereunder as an interest in Series 20212022-1 4 having the rights set forth in this Indenture and the Trust Agreement. The Class R Interest is being acquired on the date hereof by the True-up Trust, as the initial Class R Interest Holder, as nominee of the Originators.

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

Creation of Class R Interest. At the direction of the Trust, the Class R Interest is being created hereunder as an interest in Series 20212022-1 7 having the rights set forth in this Indenture and the Trust Agreement. The Class R Interest is being acquired on the date hereof by the True-up Trust, as the initial Class R Interest Holder, as nominee of the Originators.

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

Creation of Class R Interest. At the direction of the Trust, the Class R Interest is being created hereunder as an interest in Series 20212023-1 2 having the rights set forth in this Indenture and the Trust Agreement. The Class R Interest is being acquired on the date hereof by the True-up Trust, as the initial Class R Interest Holder, as nominee of the Originators.

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

Creation of Class R Interest. At the direction of the Trust, the Class R Interest is being created hereunder as an interest in Series 20212023-1 4 having the rights set forth in this Indenture and the Trust Agreement. The Class R Interest is being acquired on the date hereof by the True-up Trust, as the initial Class R Interest Holder, as nominee of the Originators.

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture (Verizon Master Trust)

Creation of Class R Interest. At the direction of the Trust, the Class R Interest is being created hereunder as an interest in Series 20212023-1 5 having the rights set forth in this Indenture and the Trust Agreement. The Class R Interest is being acquired on the date hereof by the True-up Trust, as the initial Class R Interest Holder, as nominee of the Originators.

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

Creation of Class R Interest. At the direction of the Trust, the Class R Interest is being created hereunder as an interest in Series 20212024-1 having the rights set forth in this Indenture and the Trust Agreement. The Class R Interest is being acquired on the date hereof by the True-up Trust, as the initial Class R Interest Holder, as nominee of the Originators.

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture (Verizon Master Trust)

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Creation of Class R Interest. At the direction of the Trust, the Class R Interest is being created hereunder as an interest in Series 20212022-1 5 having the rights set forth in this Indenture and the Trust Agreement. The Class R Interest is being acquired on the date hereof by the True-up Trust, as the initial Class R Interest Holder, as nominee of the Originators.

Appears in 1 contract

Samples: Indenture (Verizon Master Trust)

Creation of Class R Interest. At the direction of the Trust, the Class R Interest is being created hereunder as an interest in Series 20212022-1 6 having the rights set forth in this Indenture and the Trust Agreement. The Class R Interest is being acquired on the date hereof by the True-up Trust, as the initial Class R Interest Holder, as nominee of the Originators.

Appears in 1 contract

Samples: Indenture (Verizon Master Trust)

Creation of Class R Interest. At the direction of the Trust, the Class R Interest is being created hereunder as an interest in Series 20212024-1 2 having the rights set forth in this Indenture and the Trust Agreement. The Class R Interest is being acquired on the date hereof by the True-up Trust, as the initial Class R Interest Holder, as nominee of the Originators.

Appears in 1 contract

Samples: Indenture (Verizon Master Trust)

Creation of Class R Interest. At the direction of the Trust, the Class R Interest is being created hereunder as an interest in Series 20212024-1 7 having the rights set forth in this Indenture and the Trust Agreement. The Class R Interest is being acquired on the date hereof by the True-up Trust, as the initial Class R Interest Holder, as nominee of the Originators.

Appears in 1 contract

Samples: Indenture (Verizon Master Trust)

Creation of Class R Interest. At the direction of the Trust, the Class R Interest is being created hereunder as an interest in Series 20212024-1 6 having the rights set forth in this Indenture and the Trust Agreement. The Class R Interest is being acquired on the date hereof by the True-up Trust, as the initial Class R Interest Holder, as nominee of the Originators.

Appears in 1 contract

Samples: Indenture (Verizon Master Trust)

Creation of Class R Interest. At the direction of the Trust, the Class R Interest is being created hereunder as an interest in Series 20212024-1 8 having the rights set forth in this Indenture and the Trust Agreement. The Class R Interest is being acquired on the date hereof by the True-up Trust, as the initial Class R Interest Holder, as nominee of the Originators.

Appears in 1 contract

Samples: Indenture (Verizon Master Trust)

Creation of Class R Interest. At the direction of the Trust, the Class R Interest is being created hereunder as an interest in Series 20212023-1 3 having the rights set forth in this Indenture and the Trust Agreement. The Class R Interest is being acquired on the date hereof by the True-up Trust, as the initial Class R Interest Holder, as nominee of the Originators.

Appears in 1 contract

Samples: Indenture (Verizon Master Trust)

Creation of Class R Interest. At the direction of the Trust, the Class R Interest is being created hereunder as an interest in Series 20212023-1 6 having the rights set forth in this Indenture and the Trust Agreement. The Class R Interest is being acquired on the date hereof by the True-up Trust, as the initial Class R Interest Holder, as nominee of the Originators.

Appears in 1 contract

Samples: Indenture (Verizon Master Trust)

Creation of Class R Interest. At the direction of the Trust, the Class R Interest is being created hereunder as an interest in Series 20212024-1 5 having the rights set forth in this Indenture and the Trust Agreement. The Class R Interest is being acquired on the date hereof by the True-up Trust, as the initial Class R Interest Holder, as nominee of the Originators.

Appears in 1 contract

Samples: Indenture (Verizon Master Trust)

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