Common use of No Deemed Knowledge Clause in Contracts

No Deemed Knowledge. The Indenture Trustee will not be deemed to have knowledge of a breach of the Group Eligibility Representation, Potential Default with respect to Group [_] or any Event of Default with respect to Group [_] or any other fact (including whether any reacquisition or acquisition request remains unresolved for one-hundred eighty (180) days) or event unless (i) a Responsible Person of the Indenture Trustee has actual knowledge of the breach, Potential Default with respect to Group [_], Event of Default with respect to Group [_] or other fact or event or (ii) where written notice is required, a Responsible Person of the Indenture Trustee has actually received written notice of the specific breach, Potential Default with respect to Group [_], Event of Default with respect to Group [_] or other fact or event at its Corporate Trust Office, and such notice specifically identifies the Trust, this Indenture and such breach, Potential Default with respect to Group [_], Event of Default with respect to Group [_], or other fact or event. Any notice of an occurrence of a breach of the Group Eligibility Representation under a Receivables Transfer Agreement or the Transfer and Servicing Agreement delivered to the Indenture Trustee shall specifically identify the Group [_] Receivables in breach. Knowledge or information acquired by [___] in its capacity as Indenture Trustee, Note Paying Agent or Note Registrar, as applicable, shall not be imputed to [___] in any other capacity in which it may act under the Transaction Documents or any Series [_]-[_] Series Related Document or to any affiliate of [___] and vice versa. For the avoidance of doubt, receipt by the Indenture Trustee of a Review Report under the Asset Representations Review Agreement shall not constitute knowledge of any such event or breach.

Appears in 3 contracts

Samples: Verizon Master Trust, Verizon Master Trust, Verizon Master Trust

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No Deemed Knowledge. The Indenture Trustee will not be deemed to have knowledge of a breach of the Group Eligibility Representation, Potential Default with respect to Group [_] 1 or any Event of Default with respect to Group [_] 1 or any other fact (including whether any reacquisition or acquisition request remains unresolved for one-hundred eighty (180) days) or event unless (i) a Responsible Person of the Indenture Trustee has actual knowledge of the breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_] 1 or other fact or event or (ii) where written notice is required, a Responsible Person of the Indenture Trustee has actually received written notice of the specific breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_] 1 or other fact or event at its Corporate Trust Office, and such notice specifically identifies the Trust, this Indenture and such breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_]1, or other fact or event. Any notice of an occurrence of a breach of the Group Eligibility Representation under a Receivables Transfer Agreement or the Transfer and Servicing Agreement delivered to the Indenture Trustee shall specifically identify the Group [_] 1 Receivables in breach. Knowledge or information acquired by [___] U.S. Bank Trust Company, National Association in its capacity as Indenture Trustee, Note Paying Agent or Note Registrar, as applicable, shall not be imputed to [___] U.S. Bank Trust Company, National Association in any other capacity in which it may act under the Transaction Documents or any Series [_]2023-[_] 5 Series Related Document or to any affiliate of [___] U.S. Bank Trust Company, National Association and vice versa. For the avoidance of doubt, receipt by the Indenture Trustee of a Review Report under the Asset Representations Review Agreement shall not constitute knowledge of any such event or breach.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

No Deemed Knowledge. The Indenture Trustee will not be deemed to have knowledge of a breach of the Group Eligibility Representation, Potential Default with respect to Group [_] 1 or any Event of Default with respect to Group [_] 1 or any other fact (including whether any reacquisition or acquisition request remains unresolved for one-hundred eighty (180) days) or event unless (i) a Responsible Person of the Indenture Trustee has actual knowledge of the breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_] 1 or other fact or event or (ii) where written notice is required, a Responsible Person of the Indenture Trustee has actually received written notice of the specific breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_] 1 or other fact or event at its Corporate Trust Office, and such notice specifically identifies the Trust, this Indenture and such breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_]1, or other fact or event. Any notice of an occurrence of a breach of the Group Eligibility Representation under a Receivables Transfer Agreement or the Transfer and Servicing Agreement delivered to the Indenture Trustee shall specifically identify the Group [_] 1 Receivables in breach. Knowledge or information acquired by [___] U.S. Bank Trust Company, National Association in its capacity as Indenture Trustee, Note Paying Agent or Note Registrar, as applicable, shall not be imputed to [___] U.S. Bank Trust Company, National Association in any other capacity in which it may act under the Transaction Documents or any Series [_]2023-[_] 2 Series Related Document or to any affiliate of [___] U.S. Bank Trust Company, National Association and vice versa. For the avoidance of doubt, receipt by the Indenture Trustee of a Review Report under the Asset Representations Review Agreement shall not constitute knowledge of any such event or breach.

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Verizon Master Trust

No Deemed Knowledge. The Indenture Trustee will not be deemed to have knowledge of a breach of the Group Eligibility Representation, Potential Default with respect to Group [_] 1 or any Event of Default with respect to Group [_] 1 or any other fact (including whether any reacquisition or acquisition request remains unresolved for one-hundred eighty (180) days) or event unless (i) a Responsible Person of the Indenture Trustee has actual knowledge of the breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_] 1 or other fact or event or (ii) where written notice is required, a Responsible Person of the Indenture Trustee has actually received written notice of the specific breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_] 1 or other fact or event at its Corporate Trust Office, and such notice specifically identifies the Trust, this Indenture and such breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_]1, or other fact or event. Any notice of an occurrence of a breach of the Group Eligibility Representation under a Receivables Transfer Agreement or the Transfer and Servicing Agreement delivered to the Indenture Trustee shall specifically identify the Group [_] 1 Receivables in breach. Knowledge or information acquired by [___] U.S. Bank Trust Company, National Association in its capacity as Indenture Trustee, Note Paying Agent or Note Registrar, as applicable, shall not be imputed to [___] U.S. Bank Trust Company, National Association in any other capacity in which it may act under the Transaction Documents or any Series [_]2024-[_] 3 Series Related Document or to any affiliate of [___] U.S. Bank Trust Company, National Association and vice versa. For the avoidance of doubt, receipt by the Indenture Trustee of a Review Report under the Asset Representations Review Agreement shall not constitute knowledge of any such event or breach.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

No Deemed Knowledge. The Indenture Trustee will not be deemed to have knowledge of a breach of the Group Eligibility Representation, Potential Default with respect to Group [_] 1 or any Event of Default with respect to Group [_] 1 or any other fact (including whether any reacquisition or acquisition request remains unresolved for one-hundred eighty (180) days) or event unless (i) a Responsible Person of the Indenture Trustee has actual knowledge of the breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_] 1 or other fact or event or (ii) where written notice is required, a Responsible Person of the Indenture Trustee has actually received written notice of the specific breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_] 1 or other fact or event at its Corporate Trust Office, and such notice specifically identifies the Trust, this Indenture and such breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_]1, or other fact or event. Any notice of an occurrence of a breach of the Group Eligibility Representation under a Receivables Transfer Agreement or the Transfer and Servicing Agreement delivered to the Indenture Trustee shall specifically identify the Group [_] 1 Receivables in breach. Knowledge or information acquired by [___] U.S. Bank Trust Company, National Association in its capacity as Indenture Trustee, Note Paying Agent or Note Registrar, as applicable, shall not be imputed to [___] U.S. Bank Trust Company, National Association in any other capacity in which it may act under the Transaction Documents or any Series [_]2022-[_] 7 Series Related Document or to any affiliate of [___] U.S. Bank Trust Company, National Association and vice versa. For the avoidance of doubt, receipt by the Indenture Trustee of a Review Report under the Asset Representations Review Agreement shall not constitute knowledge of any such event or breach.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

No Deemed Knowledge. The Indenture Trustee will not be deemed to have knowledge of a breach of the Group Eligibility Representation, Potential Default with respect to Group [_] 1 or any Event of Default with respect to Group [_] 1 or any other fact (including whether any reacquisition or acquisition request remains unresolved for one-hundred eighty (180) days) or event unless (i) a Responsible Person of the Indenture Trustee has actual knowledge of the breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_] 1 or other fact or event or (ii) where written notice is required, a Responsible Person of the Indenture Trustee has actually received written notice of the specific breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_] 1 or other fact or event at its Corporate Trust Office, and such notice specifically identifies the Trust, this Indenture and such breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_]1, or other fact or event. Any notice of an occurrence of a breach of the Group Eligibility Representation under a Receivables Transfer Agreement or the Transfer and Servicing Agreement delivered to the Indenture Trustee shall specifically identify the Group [_] 1 Receivables in breach. Knowledge or information acquired by [___] U.S. Bank Trust Company, National Association in its capacity as Indenture Trustee, Note Paying Agent or Note Registrar, as applicable, shall not be imputed to [___] U.S. Bank Trust Company, National Association in any other capacity in which it may act under the Transaction Documents or any Series [_]2023-[_] 7 Series Related Document or to any affiliate of [___] U.S. Bank Trust Company, National Association and vice versa. For the avoidance of doubt, receipt by the Indenture Trustee of a Review Report under the Asset Representations Review Agreement shall not constitute knowledge of any such event or breach.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

No Deemed Knowledge. The Indenture Trustee will not be deemed to have knowledge of a breach of the Group Eligibility Representation, Potential Default with respect to Group [_] 1 or any Event of Default with respect to Group [_] 1 or any other fact (including whether any reacquisition or acquisition request remains unresolved for one-hundred eighty (180) days) or event unless (i) a Responsible Person of the Indenture Trustee has actual knowledge of the breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_] 1 or other fact or event or (ii) where written notice is required, a Responsible Person of the Indenture Trustee has actually received written notice of the specific breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_] 1 or other fact or event at its Corporate Trust Office, and such notice specifically identifies the Trust, this Indenture and such breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_]1, or other fact or event. Any notice of an occurrence of a breach of the Group Eligibility Representation under a Receivables Transfer Agreement or the Transfer and Servicing Agreement delivered to the Indenture Trustee shall specifically identify the Group [_] 1 Receivables in breach. Knowledge or information acquired by [___] U.S. Bank Trust Company, National Association in its capacity as Indenture Trustee, Note Paying Agent or Note Registrar, as applicable, shall not be imputed to [___] U.S. Bank Trust Company, National Association in any other capacity in which it may act under the Transaction Documents or any Series [_]2024-[_] 1 Series Related Document or to any affiliate of [___] U.S. Bank Trust Company, National Association and vice versa. For the avoidance of doubt, receipt by the Indenture Trustee of a Review Report under the Asset Representations Review Agreement shall not constitute knowledge of any such event or breach.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

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No Deemed Knowledge. The Indenture Trustee will not be deemed to have knowledge of a breach of the Group Eligibility Representation, Potential Default with respect to Group [_] 1 or any Event of Default with respect to Group [_] 1 or any other fact (including whether any reacquisition or acquisition request remains unresolved for one-hundred eighty (180) days) or event unless (i) a Responsible Person of the Indenture Trustee has actual knowledge of the breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_] 1 or other fact or event or (ii) where written notice is required, a Responsible Person of the Indenture Trustee has actually received written notice of the specific breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_] 1 or other fact or event at its Corporate Trust Office, and such notice specifically identifies the Trust, this Indenture and such breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_]1, or other fact or event. Any notice of an occurrence of a breach of the Group Eligibility Representation under a Receivables Transfer Agreement or the Transfer and Servicing Agreement delivered to the Indenture Trustee shall specifically identify the Group [_] 1 Receivables in breach. Knowledge or information acquired by [___] U.S. Bank Trust Company, National Association in its capacity as Indenture Trustee, Note Paying Agent or Note Registrar, as applicable, shall not be imputed to [___] U.S. Bank Trust Company, National Association in any other capacity in which it may act under the Transaction Documents or any Series [_]2023-[_] 1 Series Related Document or to any affiliate of [___] U.S. Bank Trust Company, National Association and vice versa. For the avoidance of doubt, receipt by the Indenture Trustee of a Review Report under the Asset Representations Review Agreement shall not constitute knowledge of any such event or breach.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

No Deemed Knowledge. The Indenture Trustee will not be deemed to have knowledge of a breach of the Group Eligibility Representation, Potential Default with respect to Group [_] 1 or any Event of Default with respect to Group [_] 1 or any other fact (including whether any reacquisition or acquisition request remains unresolved for one-hundred eighty (180) days) or event unless (i) a Responsible Person of the Indenture Trustee has actual knowledge of the breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_] 1 or other fact or event or (ii) where written notice is required, a Responsible Person of the Indenture Trustee has actually received written notice of the specific breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_] 1 or other fact or event at its Corporate Trust Office, and such notice specifically identifies the Trust, this Indenture and such breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_]1, or other fact or event. Any notice of an occurrence of a breach of the Group Eligibility Representation under a Receivables Transfer Agreement or the Transfer and Servicing Agreement delivered to the Indenture Trustee shall specifically identify the Group [_] 1 Receivables in breach. Knowledge or information acquired by [___] U.S. Bank Trust Company, National Association in its capacity as Indenture Trustee, Note Paying Agent or Note Registrar, as applicable, shall not be imputed to [___] U.S. Bank Trust Company, National Association in any other capacity in which it may act under the Transaction Documents or any Series [_]2023-[_] 4 Series Related Document or to any affiliate of [___] U.S. Bank Trust Company, National Association and vice versa. For the avoidance of doubt, receipt by the Indenture Trustee of a Review Report under the Asset Representations Review Agreement shall not constitute knowledge of any such event or breach.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

No Deemed Knowledge. The Indenture Trustee will not be deemed to have knowledge of a breach of the Group Eligibility Representation, Potential Default with respect to Group [_] 1 or any Event of Default with respect to Group [_] 1 or any other fact (including whether any reacquisition or acquisition request remains unresolved for one-hundred eighty (180) days) or event unless (i) a Responsible Person of the Indenture Trustee has actual knowledge of the breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_] 1 or other fact or event or (ii) where written notice is required, a Responsible Person of the Indenture Trustee has actually received written notice of the specific breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_] 1 or other fact or event at its Corporate Trust Office, and such notice specifically identifies the Trust, this Indenture and such breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_]1, or other fact or event. Any notice of an occurrence of a breach of the Group Eligibility Representation under a Receivables Transfer Agreement or the Transfer and Servicing Agreement delivered to the Indenture Trustee shall specifically identify the Group [_] 1 Receivables in breach. Knowledge or information acquired by [___] U.S. Bank Trust Company, National Association in its capacity as Indenture Trustee, Note Paying Agent or Note Registrar, as applicable, shall not be imputed to [___] U.S. Bank Trust Company, National Association in any other capacity in which it may act under the Transaction Documents or any Series [_]2022-[_] 6 Series Related Document or to any affiliate of [___] U.S. Bank Trust Company, National Association and vice versa. For the avoidance of doubt, receipt by the Indenture Trustee of a Review Report under the Asset Representations Review Agreement shall not constitute knowledge of any such event or breach.

Appears in 1 contract

Samples: Verizon Master Trust

No Deemed Knowledge. The Indenture Trustee will not be deemed to have knowledge of a breach of the Group Eligibility Representation, Potential Default with respect to Group [_] 1 or any Event of Default with respect to Group [_] 1 or any other fact (including whether any reacquisition or acquisition request remains unresolved for one-hundred eighty (180) days) or event unless (i) a Responsible Person of the Indenture Trustee has actual knowledge of the breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_] 1 or other fact or event or (ii) where written notice is required, a Responsible Person of the Indenture Trustee has actually received written notice of the specific breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_] 1 or other fact or event at its Corporate Trust Office, and such notice specifically identifies the Trust, this Indenture and such breach, Potential Default with respect to Group [_]1, Event of Default with respect to Group [_]1, or other fact or event. Any notice of an occurrence of a breach of the Group Eligibility Representation under a Receivables Transfer Agreement or the Transfer and Servicing Agreement delivered to the Indenture Trustee shall specifically identify the Group [_] 1 Receivables in breach. Knowledge or information acquired by [___] U.S. Bank Trust Company, National Association in its capacity as Indenture Trustee, Note Paying Agent or Note Registrar, as applicable, shall not be imputed to [___] U.S. Bank Trust Company, National Association in any other capacity in which it may act under the Transaction Documents or any Series [_]2022-[_] 5 Series Related Document or to any affiliate of [___] U.S. Bank Trust Company, National Association and vice versa. For the avoidance of doubt, receipt by the Indenture Trustee of a Review Report under the Asset Representations Review Agreement shall not constitute knowledge of any such event or breach.

Appears in 1 contract

Samples: Verizon Master Trust

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