Depositor May Own Credit Extensions. The Depositor and any Affiliate of the Depositor, in its individual or any other capacity, may become the owner or pledgee of Credit Extensions with the same rights as any other Person except as limited in any Transaction Document or other Series Related Document. Credit Extensions owned by or pledged to the Depositor or any Affiliate of the Depositor will have an equal and proportionate benefit under the Transaction Documents and the other Series Related Documents, except as limited in any Transaction Document or other Series Related Document.
Appears in 5 contracts
Samples: Transfer and Servicing Agreement (Verizon Master Trust), Transfer and Servicing Agreement (Verizon Master Trust), Transfer and Servicing Agreement (Verizon Master Trust)
