Common use of Description of Accounts Clause in Contracts

Description of Accounts. Pursuant to this Agreement and the Transfer and Servicing Agreement, the Servicer and the Financial Institution have established the following accounts, each in the name of “U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 2019-B”, subject to the lien of the Indenture Trustee (each, a “Collateral Account”): “Collection Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 2019-B” with account number 251534000. “Reserve Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 2019-B” with account number 251534001. “Negative Carry Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 2019-B” with account number 251534003. “Acquisition Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 2019-B” with account number 251534002.

Description of Accounts. Pursuant to this Agreement and the Transfer and Servicing Agreement, the Servicer and the Financial Institution have established the following accounts, each in the name of “U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 20192020-BA”, subject to the lien of the Indenture Trustee (each, a “Collateral Account”): “Collection Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 20192020-BA” with account number 251534000272062000. “Reserve Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 20192020-BA” with account number 251534001272062001. “Negative Carry Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 20192020-BA” with account number 251534003272062003. “Acquisition Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 20192020-BA” with account number 251534002272062002.

Description of Accounts. Pursuant to this Agreement and the Transfer and Servicing Agreement, the Servicer and the Financial Institution have established the following accounts, each in the name of “U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 20192020-B”, subject to the lien of the Indenture Trustee (each, a “Collateral Account”): “Collection Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 20192020-B” with account number 251534000248905000. “Reserve Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 20192020-B” with account number 251534001248905001. “Negative Carry Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 20192020-B” with account number 251534003248905003. “Acquisition Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 20192020-B” with account number 251534002248905002.

Description of Accounts. Pursuant to this Agreement and the Transfer and Servicing Agreement, the Servicer and the Financial Institution have established the following accounts, each in the name of “U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 2019-BA”, subject to the lien of the Indenture Trustee (each, a “Collateral Account”): “Collection Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 2019-BA” with account number 251534000253588000. “Reserve Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 2019-BA” with account number 251534001253588001. “Negative Carry Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 2019-BA” with account number 251534003253588003. “Acquisition Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 2019-BA” with account number 251534002253588002.

Description of Accounts. Pursuant to this Agreement and the Transfer and Servicing Agreement, the Servicer and the Financial Institution have established the following accounts, each in the name of “U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 20192018-BA”, subject to the lien of the Indenture Trustee (each, a “Collateral Account”): “Collection Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 20192018-BA” with account number 251534000275176000. “Reserve Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 20192018-BA” with account number 251534001275176001. “Negative Carry Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 20192018-BA” with account number 251534003275176003. “Acquisition Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 20192018-BA” with account number 251534002275176002.

Description of Accounts. Pursuant to this Agreement and the Transfer and Servicing Agreement, the Servicer and the Financial Institution have established the following accounts, each in the name of “U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 2019-BC”, subject to the lien of the Indenture Trustee (each, a “Collateral Account”): “Collection Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 2019-BC” with account number 251534000240863000. “Reserve Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 2019-BC” with account number 251534001240863001. “Negative Carry Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 2019-BC” with account number 251534003240863003. “Acquisition Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 2019-BC” with account number 251534002240863002.

Description of Accounts. Pursuant to this Agreement and the Transfer and Servicing Agreement, the Servicer and the Financial Institution have established the following accounts, each in the name of “U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 20192020-BC”, subject to the lien of the Indenture Trustee (each, a “Collateral Account”): “Collection Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 20192020-BC” with account number 251534000263841000. “Reserve Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 20192020-BC” with account number 251534001263841001. “Negative Carry Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 20192020-BC” with account number 251534003263841003. “Acquisition Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 20192020-BC” with account number 251534002263841002.