Authentication and Delivery. The Indenture Trustee will, on Issuer Order, authenticate and deliver the Notes for original issue in the Classes, Note Interest Rates and initial Note Balances as stated below. Class Note Interest Rate Initial Note Balance Class A-1a Notes 1.85% $1,325,700,000 Class A-1b Notes One-Month LIBOR* + 0.27% $100,000,000 Class B Notes 1.98% $98,300,000 Class C Notes 2.06% $76,000,000 _______________ * Upon the occurrence of a Benchmark Transition Event, One-Month LIBOR will be replaced by the appropriate Benchmark Replacement as set forth in Section 2.16 of the Indenture.
Appears in 3 contracts
Samples: Transfer and Servicing Agreement (Verizon Owner Trust 2020-A), Verizon Owner Trust 2020-A, Verizon Owner Trust 2020-A
Authentication and Delivery. The Indenture Trustee will, on Issuer Trust Order, authenticate and deliver the Notes for original issue in the Classes, Note Interest Rates and initial Note Balances as stated below. Class Note Interest Rate Initial Note Balance Class A-1a Notes 1.855.61% $1,325,700,000 265,070,000 Class A-1b Notes One-Month LIBORCompounded SOFR* + 0.270.68% $100,000,000 113,600,000 Class B Notes 1.985.85% $98,300,000 28,950,000 Class C Notes 2.066.09% $76,000,000 17,380,000 __________________ * Upon the occurrence of a Benchmark Transition Event, One-Month LIBOR Compounded SOFR will be replaced by the appropriate Benchmark Replacement as set forth in Section 2.16 of the this Indenture.
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
Authentication and Delivery. The Indenture Trustee will, on Issuer Order, authenticate and deliver the Notes for original issue in the Classes, Note Interest Rates and initial Note Balances as stated below. Class Note Interest Rate Initial Note Balance Class A-1a Notes 1.851.94% $1,325,700,000 1,275,700,000 Class A-1b Notes One-Month LIBOR* + 0.270.42% $100,000,000 150,000,000 Class B Notes 1.982.06% $98,300,000 Class C Notes 2.062.16% $76,000,000 _______________ * Upon the occurrence of a Benchmark Transition Replacement Event, One-Month LIBOR will be replaced by the appropriate Benchmark Replacement as set forth in Section 2.16 of the Indenture.
Appears in 2 contracts
Samples: Indenture (Verizon Owner Trust 2019-C), Verizon Owner Trust 2019-C
Authentication and Delivery. The Indenture Trustee will, on Issuer Trust Order, authenticate and deliver the Notes for original issue in the Classes, Note Interest Rates and initial Note Balances as stated below. Class Note Interest Rate Initial Note Balance Class A-1a Notes 1.855.00% $1,325,700,000 835,260,000 Class A-1b Notes One-Month LIBORCompounded SOFR* + 0.270.65% $100,000,000 278,500,000 Class B Notes 1.985.24% $98,300,000 85,150,000 Class C Notes 2.065.49% $76,000,000 51,090,000 __________________ * Upon the occurrence of a Benchmark Transition Event, One-Month LIBOR Compounded SOFR will be replaced by the appropriate Benchmark Replacement as set forth in Section 2.16 of the this Indenture.
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust