Common use of Enforcement of Obligation Clause in Contracts

Enforcement of Obligation. The Depositor will enforce the Servicer’s (or if Cellco is no longer the Servicer, then Cellco’s, in its individual capacity) acquisition obligation under this Section 4.7.

Appears in 19 contracts

Samples: Receivables Transfer Agreement (Verizon Owner Trust 2020-B), Receivables Transfer Agreement (Verizon ABS II LLC), Receivables Transfer Agreement (Verizon Owner Trust 2020-A)

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Enforcement of Obligation. The Depositor will enforce the Servicer’s (or if Cellco is no longer the Servicer, then Cellco’s, in its individual capacity) acquisition obligation under this Section 4.73.5.

Appears in 6 contracts

Samples: Additional Transferor Receivables Transfer Agreement (Verizon Master Trust), Master Collateral Agency and Intercreditor Agreement (Verizon Master Trust), Master Collateral Agency and Intercreditor Agreement (Verizon Master Trust)

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