Description of Accounts. The Financial Institution has established the following accounts (each, a “Collateral Account”): “Collection Account — as Indenture Trustee, as secured party for Ford Credit Auto Owner Trust 20 - “ with account number . “Reserve Account — as Indenture Trustee, as secured party for Ford Credit Auto Owner Trust 20 - “ with account number .
Description of Accounts. The Financial Institution has established the following accounts (each, a “Collateral Account”): “Series 2013-5 Principal Funding Account—The Bank of New York Mellon as Indenture Trustee, as secured party for Ford Credit Floorplan Master Owner Trust A in respect of Series 2013-5” with account number 893989; “Series 2013-5 Reserve Account—The Bank of New York Mellon as Indenture Trustee, as secured party for Ford Credit Floorplan Master Owner Trust A in respect of Series 2013-5” with account number 893988; and “Series 2013-5 Accumulation Period Reserve Account—The Bank of New York Mellon as Indenture Trustee, as secured party for Ford Credit Floorplan Master Owner Trust A in respect of Series 2013-5” with account number 893990.
Description of Accounts. The Financial Institution has established the following accounts (each, a "Collateral Account"):
Description of Accounts. Pursuant to this Agreement and the Indenture, the Grantor, the Servicer and the Financial Institution have established the following accounts, subject to the lien of the Secured Party (each, a “Collateral Account”), each of which Collateral Accounts shall be a Trust Financing Account:
(i) “Series 2022-7 Distribution Account – U.S. Bank Trust Company, National Association, as Note Paying Agent, as secured party for the benefit of the Secured Parties of Verizon Master Trust, Series 2022-7” with account number 265533000.
(ii) “Series 2022-7 Reserve Account – U.S. Bank Trust Company, National Association, as Note Paying Agent, as secured party for the benefit of the Secured Parties of Verizon Master Trust, Series 2022-7” with account number 265533001.
(iii) “Series 2022-7 Principal Funding Account – U.S. Bank Trust Company, National Association, as Note Paying Agent, as secured party for the benefit of the Secured Parties of Verizon Master Trust, Series 2022-7” with account number 265533002.
Description of Accounts. Pursuant to this Agreement and the Transfer and Servicing Agreement, the Servicer and the Financial Institution have established the following accounts, each in the name of “U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 2020-C”, subject to the lien of the Indenture Trustee (each, a “Collateral Account”): “Collection Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 2020-C” with account number 263841000. “Reserve Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 2020-C” with account number 263841001. “Negative Carry Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 2020-C” with account number 263841003. “Acquisition Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 2020-C” with account number 263841002.
Description of Accounts. Pursuant to this Agreement and the Indenture, the Grantor, the Servicer and the Financial Institution have established the following accounts, subject to the lien of the Secured Party (each, a “Collateral Account”), each of which Collateral Accounts shall be a Trust Financing Account:
(i) “Series 2022-2 Distribution Account – U.S. Bank National Association, as Note Paying Agent, as secured party for the benefit of the Secured Parties of Verizon Master Trust, Series 2022-2” with account number 274451000.
(ii) “Series 2022-2 Reserve Account – U.S. Bank National Association, as Note Paying Agent, as secured party for the benefit of the Secured Parties of Verizon Master Trust, Series 2022-2” with account number 274451001.
(iii) “Series 2022-2 Principal Funding Account – U.S. Bank National Association, as Note Paying Agent, as secured party for the benefit of the Secured Parties of Verizon Master Trust, Series 2022-2” with account number 274451002.
Description of Accounts. Pursuant to this Agreement and the Indenture, the Grantor, the Servicer and the Financial Institution have established the following accounts, subject to the lien of the Secured Party (each, a “Collateral Account”), each of which Collateral Accounts shall be a Trust Financing Account:
(i) “Series 2024-3 Distribution Account – U.S. Bank Trust Company, National Association, as Note Paying Agent, as secured party for the benefit of the Secured Parties of Verizon Master Trust, Series 2024-3” with account number 226075000.
(ii) “Series 2024-3 Reserve Account – U.S. Bank Trust Company, National Association, as Note Paying Agent, as secured party for the benefit of the Secured Parties of Verizon Master Trust, Series 2024-3” with account number 226075001.
(iii) “Series 2024-3 Principal Funding Account – U.S. Bank Trust Company, National Association, as Note Paying Agent, as secured party for the benefit of the Secured Parties of Verizon Master Trust, Series 2024-3” with account number 226075002.
Description of Accounts. The Financial Institution has established the following accounts (each, a “Collateral Account”): “Series 20 - Principal Funding Account — as Indenture Trustee, as secured party for Ford Credit Floorplan Master Owner Trust A for Series 20 - ” with account number . “Series 20 - Reserve Account — as Indenture Trustee, as secured party for Ford Credit Floorplan Master Owner Trust A for Series 20 - ” with account number . “Series 20 - Accumulation Period Reserve Account — as Indenture Trustee, as secured party for Ford Credit Floorplan Master Owner Trust A for Series 20 - ” with account number .
Description of Accounts. Pursuant to this Agreement and the Transfer and Servicing Agreement, the Servicer and the Financial Institution have established the following account, subject to the lien of the Master Collateral Agent (the “Collateral Account”): “Collection Account – U.S. Bank National Association, as Master Collateral Agent, as secured party for the benefit of the Secured Parties of Verizon Master Trust” with account number 228269000.
Description of Accounts. 5 SECTION 2.04. Investments of Cash............................................7 SECTION 2.05. Calculations...................................................7 SECTION 2.06. Withdrawals and Transfers......................................7 SECTION 2.07. Ratings and the Accounts.......................................9 SECTION 2.08. Records........................................................9 SECTION 2.09. Reports........................................................9 SECTION 2.10.
