Release of Funds. The Indenture Trustee shall, at such time as there are no Notes outstanding, release any remaining portion of the Distribution Account and the Principal Funding Account from the Lien of the Indenture and release to or to the order of the Trust or, in the case of the Reserve Account, to the Depositor.
Appears in 41 contracts
Samples: Indenture (Verizon Master Trust), Verizon Master Trust, Verizon Master Trust
Release of Funds. The Indenture Trustee shall, at such time as there are no Notes outstanding, release any remaining portion of the Distribution Account and the Principal Funding Collection Account from the Lien of the Indenture and release to or to the order of the Trust Issuer or, in the case of the Reserve Account, to the Depositor.
Appears in 24 contracts
Samples: Transfer and Servicing Agreement (Verizon Owner Trust 2020-C), Transfer and Servicing Agreement (Verizon Owner Trust 2020-A), Transfer and Servicing Agreement (Verizon Owner Trust 2020-B)
