Distributions Following Acceleration. If the Notes are accelerated after an Event of Default with respect to Group 1, on each Payment Date starting with the Payment Date relating to the Collection Period in which the Notes are accelerated, the Note Paying Agent will (based on the information in the most recent Monthly Investor Report) withdraw from the Series 2022-1 Accounts and make deposits and payments, to the extent of Series 2022-1 Available Funds and funds in the Series 2022-1 Accounts for the related Collection Period, in the following order of priority (pro rata to the Persons within each priority level based on the amounts due except as stated):
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Distributions Following Acceleration. If the Notes are accelerated after an Event of Default with respect to Group 1, on each Payment Date starting with the Payment Date relating to the Collection Period in which the Notes are accelerated, the Note Paying Agent will (based on the information in the most recent Monthly Investor Report) withdraw from the Series 20222024-1 4 Accounts and make deposits and payments, to the extent of Series 20222024-1 4 Available Funds and funds in the Series 20222024-1 4 Accounts for the related Collection Period, in the following order of priority (pro rata to the Persons within each priority level based on the amounts due except as stated):
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Distributions Following Acceleration. If the Notes are accelerated after an Event of Default with respect to Group 1, on each Payment Date starting with the Payment Date relating to the Collection Period in which the Notes are accelerated, the Note Paying Agent will (based on the information in the most recent Monthly Investor Report) withdraw from the Series 20222021-1 Accounts and make deposits and payments, to the extent of Series 20222021-1 Available Funds and funds in the Series 20222021-1 Accounts for the related Collection Period, in the following order of priority (pro rata to the Persons within each priority level based on the amounts due except as stated):
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Distributions Following Acceleration. If the Notes are accelerated after an Event of Default with respect to Group 1, on each Payment Date starting with the Payment Date relating to the Collection Period in which the Notes are accelerated, the Note Paying Agent will (based on the information in the most recent Monthly Investor Report) withdraw from the Series 2022-1 7 Accounts and make deposits and payments, to the extent of Series 2022-1 7 Available Funds and funds in the Series 2022-1 7 Accounts for the related Collection Period, in the following order of priority (pro rata to the Persons within each priority level based on the amounts due except as stated):
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Distributions Following Acceleration. If the Notes are accelerated after an Event of Default with respect to Group 1, on each Payment Date starting with the Payment Date relating to the Collection Period in which the Notes are accelerated, the Note Paying Agent will (based on the information in the most recent Monthly Investor Report) withdraw from the Series 20222021-1 2 Accounts and make deposits and payments, to the extent of Series 20222021-1 2 Available Funds and funds in the Series 20222021-1 2 Accounts for the related Collection Period, in the following order of priority (pro rata to the Persons within each priority level based on the amounts due except as stated):
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Distributions Following Acceleration. If the Notes are accelerated after an Event of Default with respect to Group 1, on each Payment Date starting with the Payment Date relating to the Collection Period in which the Notes are accelerated, the Note Paying Agent will (based on the information in the most recent Monthly Investor Report) withdraw from the Series 2022-1 3 Accounts and make deposits and payments, to the extent of Series 2022-1 3 Available Funds and funds in the Series 2022-1 3 Accounts for the related Collection Period, in the following order of priority (pro rata to the Persons within each priority level based on the amounts due except as stated):
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Distributions Following Acceleration. If the Notes are accelerated after an Event of Default with respect to Group 1, on each Payment Date starting with the Payment Date relating to the Collection Period in which the Notes are accelerated, the Note Paying Agent will (based on the information in the most recent Monthly Investor Report) withdraw from the Series 20222024-1 Accounts and make deposits and payments, to the extent of Series 20222024-1 Available Funds and funds in the Series 20222024-1 Accounts for the related Collection Period, in the following order of priority (pro rata to the Persons within each priority level based on the amounts due except as stated):
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Distributions Following Acceleration. If the Notes are accelerated after an Event of Default with respect to Group 1, on each Payment Date starting with the Payment Date relating to the Collection Period in which the Notes are accelerated, the Note Paying Agent will (based on the information in the most recent Monthly Investor Report) withdraw from the Series 20222023-1 7 Accounts and make deposits and payments, to the extent of Series 20222023-1 7 Available Funds and funds in the Series 20222023-1 7 Accounts for the related Collection Period, in the following order of priority (pro rata to the Persons within each priority level based on the amounts due except as stated):
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Distributions Following Acceleration. If the Notes are accelerated after an Event of Default with respect to Group 1, on each Payment Date starting with the Payment Date relating to the Collection Period in which the Notes are accelerated, the Note Paying Agent will (based on the information in the most recent Monthly Investor Report) withdraw from the Series 20222023-1 4 Accounts and make deposits and payments, to the extent of Series 20222023-1 4 Available Funds and funds in the Series 20222023-1 4 Accounts for the related Collection Period, in the following order of priority (pro rata to the Persons within each priority level based on the amounts due except as stated):
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Distributions Following Acceleration. If the Notes are accelerated after an Event of Default with respect to Group 1, on each Payment Date starting with the Payment Date relating to the Collection Period in which the Notes are accelerated, the Note Paying Agent will (based on the information in the most recent Monthly Investor Report) withdraw from the Series 2022-1 2 Accounts and make deposits and payments, to the extent of Series 2022-1 2 Available Funds and funds in the Series 2022-1 2 Accounts for the related Collection Period, in the following order of priority (pro rata to the Persons within each priority level based on the amounts due except as stated):
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Distributions Following Acceleration. If the Notes are accelerated after an Event of Default with respect to Group 1, on each Payment Date starting with the Payment Date relating to the Collection Period in which the Notes are accelerated, the Note Paying Agent will (based on the information in the most recent Monthly Investor Report) withdraw from the Series 20222023-1 5 Accounts and make deposits and payments, to the extent of Series 20222023-1 5 Available Funds and funds in the Series 20222023-1 5 Accounts for the related Collection Period, in the following order of priority (pro rata to the Persons within each priority level based on the amounts due except as stated):
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Distributions Following Acceleration. If the Notes are accelerated after an Event of Default with respect to Group 1, on each Payment Date starting with the Payment Date relating to the Collection Period in which the Notes are accelerated, the Note Paying Agent will (based on the information in the most recent Monthly Investor Report) withdraw from the Series 20222023-1 2 Accounts and make deposits and payments, to the extent of Series 20222023-1 2 Available Funds and funds in the Series 20222023-1 2 Accounts for the related Collection Period, in the following order of priority (pro rata to the Persons within each priority level based on the amounts due except as stated):
Appears in 2 contracts
Samples: Indenture (Verizon Master Trust), Verizon Master Trust
Distributions Following Acceleration. If the Notes are accelerated after an Event of Default with respect to Group 1, on each Payment Date starting with the Payment Date relating to the Collection Period in which the Notes are accelerated, the Note Paying Agent will (based on the information in the most recent Monthly Investor Report) withdraw from the Series 20222024-1 3 Accounts and make deposits and payments, to the extent of Series 20222024-1 3 Available Funds and funds in the Series 20222024-1 3 Accounts for the related Collection Period, in the following order of priority (pro rata to the Persons within each priority level based on the amounts due except as stated):
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Distributions Following Acceleration. If the Notes are accelerated after an Event of Default with respect to Group 1, on each Payment Date starting with the Payment Date relating to the Collection Period in which the Notes are accelerated, the Note Paying Agent will (based on the information in the most recent Monthly Investor Report) withdraw from the Series 2022-1 4 Accounts and make deposits and payments, to the extent of Series 2022-1 4 Available Funds and funds in the Series 2022-1 4 Accounts for the related Collection Period, in the following order of priority (pro rata to the Persons within each priority level based on the amounts due except as stated):
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Distributions Following Acceleration. If the Notes are accelerated after an Event of Default with respect to Group 1, on each Payment Date starting with the Payment Date relating to the Collection Period in which the Notes are accelerated, the Note Paying Agent will (based on the information in the most recent Monthly Investor Report) withdraw from the Series 20222023-1 Accounts and make deposits and payments, to the extent of Series 20222023-1 Available Funds and funds in the Series 20222023-1 Accounts for the related Collection Period, in the following order of priority (pro rata to the Persons within each priority level based on the amounts due except as stated):
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Distributions Following Acceleration. If the Notes are accelerated after an Event of Default with respect to Group 1, on each Payment Date starting with the Payment Date relating to the Collection Period in which the Notes are accelerated, the Note Paying Agent will (based on the information in the most recent Monthly Investor Report) withdraw from the Series 2022-1 5 Accounts and make deposits and payments, to the extent of Series 2022-1 5 Available Funds and funds in the Series 2022-1 5 Accounts for the related Collection Period, in the following order of priority (pro rata to the Persons within each priority level based on the amounts due except as stated):
Appears in 1 contract
Samples: Verizon Master Trust
Distributions Following Acceleration. If the Notes are accelerated after an Event of Default with respect to Group 1, on each Payment Date starting with the Payment Date relating to the Collection Period in which the Notes are accelerated, the Note Paying Agent will (based on the information in the most recent Monthly Investor Report) withdraw from the Series 20222024-1 2 Accounts and make deposits and payments, to the extent of Series 20222024-1 2 Available Funds and funds in the Series 20222024-1 2 Accounts for the related Collection Period, in the following order of priority (pro rata to the Persons within each priority level based on the amounts due except as stated):
Appears in 1 contract
Samples: Verizon Master Trust
Distributions Following Acceleration. If the Notes are accelerated after an Event of Default with respect to Group 1, on each Payment Date starting with the Payment Date relating to the Collection Period in which the Notes are accelerated, the Note Paying Agent will (based on the information in the most recent Monthly Investor Report) withdraw from the Series 2022-1 6 Accounts and make deposits and payments, to the extent of Series 2022-1 6 Available Funds and funds in the Series 2022-1 6 Accounts for the related Collection Period, in the following order of priority (pro rata to the Persons within each priority level based on the amounts due except as stated):
Appears in 1 contract
Samples: Verizon Master Trust
Distributions Following Acceleration. If the Notes are accelerated after an Event of Default with respect to Group 1, on each Payment Date starting with the Payment Date relating to the Collection Period in which the Notes are accelerated, the Note Paying Agent will (based on the information in the most recent Monthly Investor Report) withdraw from the Series 20222023-1 6 Accounts and make deposits and payments, to the extent of Series 20222023-1 6 Available Funds and funds in the Series 20222023-1 6 Accounts for the related Collection Period, in the following order of priority (pro rata to the Persons within each priority level based on the amounts due except as stated):
Appears in 1 contract
Samples: Verizon Master Trust
Distributions Following Acceleration. If the Notes are accelerated after an Event of Default with respect to Group 1, on each Payment Date starting with the Payment Date relating to the Collection Period in which the Notes are accelerated, the Note Paying Agent will (based on the information in the most recent Monthly Investor Report) withdraw from the Series 20222023-1 3 Accounts and make deposits and payments, to the extent of Series 20222023-1 3 Available Funds and funds in the Series 20222023-1 3 Accounts for the related Collection Period, in the following order of priority (pro rata to the Persons within each priority level based on the amounts due except as stated):
Appears in 1 contract
Samples: Verizon Master Trust
Distributions Following Acceleration. If the Notes are accelerated after an Event of Default with respect to Group 1, on each Payment Date starting with the Payment Date relating to the Collection Period in which the Notes are accelerated, the Note Paying Agent will (based on the information in the most recent Monthly Investor Report) withdraw from the Series 20222024-1 5 Accounts and make deposits and payments, to the extent of Series 20222024-1 5 Available Funds and funds in the Series 20222024-1 5 Accounts for the related Collection Period, in the following order of priority (pro rata to the Persons within each priority level based on the amounts due except as stated):
Appears in 1 contract
Samples: Verizon Master Trust