Common use of Payments on the Notes Clause in Contracts

Payments on the Notes. Payments on the Notes that are to be made from amounts withdrawn from the Series [_]-[_] Accounts will be made on behalf of the Trust by the Note Paying Agent. No amounts withdrawn for payments on the Notes may be paid over to the Trust, except as stated in this Section 3.3.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

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Payments on the Notes. Payments on the Notes that are to be made from amounts withdrawn from the Series [_]2024-[_] 1 Accounts will be made on behalf of the Trust by the Note Paying Agent. No amounts withdrawn for payments on the Notes may be paid over to the Trust, except as stated in this Section 3.3.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

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