Common use of Distributions Following Satisfaction and Discharge of the Master Collateral Agreement Clause in Contracts

Distributions Following Satisfaction and Discharge of the Master Collateral Agreement. Following the satisfaction and discharge of the Master Collateral Agreement and after all amounts due and payable to the Owner Trustee pursuant to Sections 7.1 and 7.2 hereof and not previously paid are paid out of the Trust Property, the Owner Trustee will distribute the remaining Trust Property as directed by the Class A Certificateholder.

Appears in 4 contracts

Samples: Master Collateral Agency and Intercreditor Agreement (Verizon Master Trust), Trust Agreement (Verizon Master Trust), Trust Agreement (Verizon Master Trust)

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