Common use of Proceeding Clause in Contracts

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 2021-1 Secured Parties, and it will not be necessary to make any Series 2021-1 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

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Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20212022-1 7 Secured Parties, and it will not be necessary to make any Series 20212022-1 7 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20212022-1 Secured Parties, and it will not be necessary to make any Series 20212022-1 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20212022-1 2 Secured Parties, and it will not be necessary to make any Series 20212022-1 2 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20212024-1 4 Secured Parties, and it will not be necessary to make any Series 20212024-1 4 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20212023-1 5 Secured Parties, and it will not be necessary to make any Series 20212023-1 5 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20212022-1 4 Secured Parties, and it will not be necessary to make any Series 20212022-1 4 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20212024-1 3 Secured Parties, and it will not be necessary to make any Series 20212024-1 3 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20212023-1 2 Secured Parties, and it will not be necessary to make any Series 20212023-1 2 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20212023-1 Secured Parties, and it will not be necessary to make any Series 20212023-1 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20212023-1 4 Secured Parties, and it will not be necessary to make any Series 20212023-1 4 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20212022-1 3 Secured Parties, and it will not be necessary to make any Series 20212022-1 3 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20212024-1 Secured Parties, and it will not be necessary to make any Series 20212024-1 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

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Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20212023-1 7 Secured Parties, and it will not be necessary to make any Series 20212023-1 7 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 2021-1 2 Secured Parties, and it will not be necessary to make any Series 2021-1 2 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20212023-1 3 Secured Parties, and it will not be necessary to make any Series 20212023-1 3 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 1 contract

Samples: Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20212024-1 5 Secured Parties, and it will not be necessary to make any Series 20212024-1 5 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 1 contract

Samples: Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20212023-1 6 Secured Parties, and it will not be necessary to make any Series 20212023-1 6 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 1 contract

Samples: Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20212022-1 6 Secured Parties, and it will not be necessary to make any Series 20212022-1 6 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 1 contract

Samples: Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20212024-1 2 Secured Parties, and it will not be necessary to make any Series 20212024-1 2 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 1 contract

Samples: Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20212022-1 5 Secured Parties, and it will not be necessary to make any Series 20212022-1 5 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 1 contract

Samples: Verizon Master Trust

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