Distributions of Principal. On each Payment Date during the Amortization Period, the Note Paying Agent will (based on the information in the most recent Monthly Investor Report) pay any amounts allocated to principal under Section 8.2(c) in the following order of priority, in each case, applied pro rata according to the Note Balance of the Notes of that Class:
Appears in 20 contracts
Samples: Transfer and Servicing Agreement (Verizon Owner Trust 2020-A), Transfer and Servicing Agreement (Verizon Owner Trust 2020-C), Transfer and Servicing Agreement (Verizon Owner Trust 2020-B)
Distributions of Principal. On each Payment Date during the Amortization Period, the Note Paying Agent will (based on the information in the most recent Monthly 42 Investor Report) pay any amounts allocated to principal under Section 8.2(c) in the following order of priority, in each case, applied pro rata according to the Note Balance of the Notes of that Class:
Appears in 3 contracts
Samples: Transfer and Servicing Agreement (Vzot 2018-A), Transfer and Servicing Agreement (Verizon Owner Trust 2019-B), Transfer and Servicing Agreement (Verizon Owner Trust 2019-A)
