Common use of Succession by U Clause in Contracts

Succession by U. S. Bank Trust Company, National Association. Immediately following the effectiveness of this Amendment, U.S. Bank Trust Company, National Association, having succeeded to all or substantially all of the corporate trust business of U.S. Bank National Association, shall succeed to the roles of Indenture Trustee, Note Paying Agent, Note Registrar and Secured Party under the Transaction Documents, and by its execution hereof agrees that it shall be bound by such Transaction Documents from and after the date hereof as if it were a signatory thereto (in such capacities, as applicable). By its execution hereof, each of the parties hereto hereby acknowledges and agrees that as of the date hereof, U.S. Bank Trust Company, National Association has succeeded U.S. Bank National Association in the roles of Indenture Trustee, Note Paying Agent, Note Registrar and Secured Party.

Appears in 4 contracts

Samples: Transfer and Servicing Agreement (Verizon Owner Trust 2020-A), Transfer and Servicing Agreement (Verizon Owner Trust 2020-B), Transfer and Servicing Agreement (Verizon Owner Trust 2019-C)

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