Common use of Description of Accounts Clause in Contracts

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-B”, 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-B” with account number 248905000. “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-B” with account number 248905001. “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-B” with account number 248905003. “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-B” with account number 248905002.

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 20202019-BC”, 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 20202019-BC” with account number 248905000240863000. “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 20202019-BC” with account number 248905001240863001. “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 20202019-BC” with account number 248905003240863003. “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 20202019-BC” with account number 248905002240863002.

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-BA”, 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-BA” with account number 248905000272062000. “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-BA” with account number 248905001272062001. “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-BA” with account number 248905003272062003. “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-BA” with account number 248905002272062002.

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 20202019-BA”, 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 20202019-BA” with account number 248905000253588000. “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 20202019-BA” with account number 248905001253588001. “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 20202019-BA” with account number 248905003253588003. “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 20202019-BA” with account number 248905002253588002.

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 20202018-BA”, 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 20202018-BA” with account number 248905000275176000. “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 20202018-BA” with account number 248905001275176001. “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 20202018-BA” with account number 248905003275176003. “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 20202018-BA” with account number 248905002275176002.

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 20202019-B”, 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 20202019-B” with account number 248905000251534000. “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 20202019-B” with account number 248905001251534001. “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 20202019-B” with account number 248905003251534003. “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 20202019-B” with account number 248905002251534002.

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-BC”, 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-BC” with account number 248905000263841000. “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-BC” with account number 248905001263841001. “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-BC” with account number 248905003263841003. “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-BC” with account number 248905002263841002.