Release of Funds. On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest, any unpaid Additional Interest Amounts and any unpaid Make-Whole Payments on the Notes will become due and payable and interest on the Notes will cease to accrue from and after the Redemption Date, unless the Trust fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Series 2023-5 Collateral from the Lien of this Indenture and release to the Trust or any other Person entitled to funds then in the Series 2023-5 Accounts under this Indenture according to Section 8.4(c).
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Release of Funds. On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest, any unpaid Additional Interest Amounts and any unpaid Make-Whole Payments on the Notes will become due and payable and interest on the Notes will cease to accrue from and after the Redemption Date, unless the Trust fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Series 20232024-5 4 Collateral from the Lien of this Indenture and release to the Trust or any other Person entitled to funds then in the Series 20232024-5 4 Accounts under this Indenture according to Section 8.4(c).
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Release of Funds. On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest, any unpaid Additional Interest Amounts and any unpaid Make-Whole Payments on the Notes will become due and payable and interest on the Notes will cease to accrue from and after the Redemption Date, unless the Trust fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Series 2023-5 7 Collateral from the Lien of this Indenture and release to the Trust or any other Person entitled to funds then in the Series 2023-5 7 Accounts under this Indenture according to Section 8.4(c).
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Release of Funds. On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest, any unpaid Additional Interest Amounts and any unpaid Make-Whole Payments on the Notes will become due and payable and interest on the Notes will cease to accrue from and after the Redemption Date, unless the Trust fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Series 20232022-5 3 Collateral from the Lien of this Indenture and release to the Trust or any other Person entitled to funds then in the Series 20232022-5 3 Accounts under this Indenture according to Section 8.4(c).
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Release of Funds. On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest, any unpaid Additional Interest Amounts and any unpaid Make-Whole Payments on the Notes will become due and payable and interest on the Notes will cease to accrue from and after the Redemption Date, unless the Trust fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Series 2023-5 1 Collateral from the Lien of this Indenture and release to the Trust or any other Person entitled to funds then in the Series 2023-5 1 Accounts under this Indenture according to Section 8.4(c).
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Release of Funds. On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest, any unpaid Additional Interest Amounts and any unpaid Make-Whole Payments on the Notes will become due and payable and interest on the Notes will cease to accrue from and after the Redemption Date, unless the Trust fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Series 20232022-5 1 Collateral from the Lien of this Indenture and release to the Trust or any other Person entitled to funds then in the Series 20232022-5 1 Accounts under this Indenture according to Section 8.4(c).
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Release of Funds. On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest, any unpaid Additional Interest Amounts and any unpaid Make-Whole Payments on the Notes will become due and payable and interest on the Notes will cease to accrue from and after the Redemption Date, unless the Trust fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Series 20232022-5 2 Collateral from the Lien of this Indenture and release to the Trust or any other Person entitled to funds then in the Series 20232022-5 2 Accounts under this Indenture according to Section 8.4(c).
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Release of Funds. On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest, any unpaid Additional Interest Amounts and any unpaid Make-Whole Payments on the Notes will become due and payable and interest on the Notes will cease to accrue from and after the Redemption Date, unless the Trust fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Series 2023-5 2 Collateral from the Lien of this Indenture and release to the Trust or any other Person entitled to funds then in the Series 2023-5 2 Accounts under this Indenture according to Section 8.4(c).
Appears in 2 contracts
Samples: Indenture (Verizon Master Trust), Verizon Master Trust
Release of Funds. On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest, any unpaid Additional Interest Amounts and any unpaid Make-Whole Payments on the Notes will become due and payable and interest on the Notes will cease to accrue from and after the Redemption Date, unless the Trust fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Series 20232021-5 2 Collateral from the Lien of this Indenture and release to the Trust or any other Person entitled to funds then in the Series 20232021-5 2 Accounts under this Indenture according to Section 8.4(c).
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Release of Funds. On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest, any unpaid Additional Interest Amounts and any unpaid Make-Whole Payments on the Notes will become due and payable and interest on the Notes will cease to accrue from and after the Redemption Date, unless the Trust fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Series 2023-5 4 Collateral from the Lien of this Indenture and release to the Trust or any other Person entitled to funds then in the Series 2023-5 4 Accounts under this Indenture according to Section 8.4(c).
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Release of Funds. On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest, any unpaid Additional Interest Amounts and any unpaid Make-Whole Payments on the Notes will become due and payable and interest on the Notes will cease to accrue from and after the Redemption Date, unless the Trust fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Series 20232022-5 7 Collateral from the Lien of this Indenture and release to the Trust or any other Person entitled to funds then in the Series 20232022-5 7 Accounts under this Indenture according to Section 8.4(c).
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Release of Funds. On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest, any unpaid Additional Interest Amounts and any unpaid Make-Whole Payments on the Notes will become due and payable and interest on the Notes will cease to accrue from and after the Redemption Date, unless the Trust fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Series 20232021-5 1 Collateral from the Lien of this Indenture and release to the Trust or any other Person entitled to funds then in the Series 20232021-5 1 Accounts under this Indenture according to Section 8.4(c).
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Release of Funds. On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest, any unpaid Additional Interest Amounts and any unpaid Make-Whole Payments on the Notes will become due and payable and interest on the Notes will cease to accrue from and after the Redemption Date, unless the Trust fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Series 20232024-5 1 Collateral from the Lien of this Indenture and release to the Trust or any other Person entitled to funds then in the Series 20232024-5 1 Accounts under this Indenture according to Section 8.4(c).
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Release of Funds. On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest, any unpaid Additional Interest Amounts and any unpaid Make-Whole Payments on the Notes will become due and payable and interest on the Notes will cease to accrue from and after the Redemption Date, unless the Trust fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Series 20232022-5 4 Collateral from the Lien of this Indenture and release to the Trust or any other Person entitled to funds then in the Series 20232022-5 4 Accounts under this Indenture according to Section 8.4(c).
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Release of Funds. On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest, any unpaid Additional Interest Amounts and any unpaid Make-Whole Payments on the Notes will become due and payable and interest on the Notes will cease to accrue from and after the Redemption Date, unless the Trust fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Series 20232024-5 3 Collateral from the Lien of this Indenture and release to the Trust or any other Person entitled to funds then in the Series 20232024-5 3 Accounts under this Indenture according to Section 8.4(c).
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Release of Funds. On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest, any unpaid Additional Interest Amounts and any unpaid Make-Whole Payments on the Notes will become due and payable and interest on the Notes will cease to accrue from and after the Redemption Date, unless the Trust fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Series 2023-5 6 Collateral from the Lien of this Indenture and release to the Trust or any other Person entitled to funds then in the Series 2023-5 6 Accounts under this Indenture according to Section 8.4(c).
Appears in 1 contract
Samples: Verizon Master Trust
Release of Funds. On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest, any unpaid Additional Interest Amounts and any unpaid Make-Whole Payments on the Notes will become due and payable and interest on the Notes will cease to accrue from and after the Redemption Date, unless the Trust fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Series 20232024-5 2 Collateral from the Lien of this Indenture and release to the Trust or any other Person entitled to funds then in the Series 20232024-5 2 Accounts under this Indenture according to Section 8.4(c).
Appears in 1 contract
Samples: Verizon Master Trust
Release of Funds. On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest, any unpaid Additional Interest Amounts and any unpaid Make-Whole Payments on the Notes will become due and payable and interest on the Notes will cease to accrue from and after the Redemption Date, unless the Trust fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Series 2023-5 3 Collateral from the Lien of this Indenture and release to the Trust or any other Person entitled to funds then in the Series 2023-5 3 Accounts under this Indenture according to Section 8.4(c).
Appears in 1 contract
Samples: Verizon Master Trust
Release of Funds. On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest, any unpaid Additional Interest Amounts and any unpaid Make-Whole Payments on the Notes will become due and payable and interest on the Notes will cease to accrue from and after the Redemption Date, unless the Trust fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Series 20232024-5 Collateral from the Lien of this Indenture and release to the Trust or any other Person entitled to funds then in the Series 20232024-5 Accounts under this Indenture according to Section 8.4(c).
Appears in 1 contract
Samples: Verizon Master Trust
Release of Funds. On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest, any unpaid Additional Interest Amounts and any unpaid Make-Whole Payments on the Notes will become due and payable and interest on the Notes will cease to accrue from and after the Redemption Date, unless the Trust fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Series 20232022-5 6 Collateral from the Lien of this Indenture and release to the Trust or any other Person entitled to funds then in the Series 20232022-5 6 Accounts under this Indenture according to Section 8.4(c).
Appears in 1 contract
Samples: Verizon Master Trust
Release of Funds. On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest, any unpaid Additional Interest Amounts and any unpaid Make-Whole Payments on the Notes will become due and payable and interest on the Notes will cease to accrue from and after the Redemption Date, unless the Trust fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Series 20232022-5 Collateral from the Lien of this Indenture and release to the Trust or any other Person entitled to funds then in the Series 20232022-5 Accounts under this Indenture according to Section 8.4(c).
Appears in 1 contract
Samples: Verizon Master Trust