Common use of Proceeding Clause in Contracts

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 2023-1 Secured Parties, and it will not be necessary to make any Series 2023-1 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

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Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20232022-1 4 Secured Parties, and it will not be necessary to make any Series 20232022-1 4 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 2023-1 2 Secured Parties, and it will not be necessary to make any Series 2023-1 2 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

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

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20232022-1 Secured Parties, and it will not be necessary to make any Series 20232022-1 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20232022-1 2 Secured Parties, and it will not be necessary to make any Series 20232022-1 2 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20232021-1 2 Secured Parties, and it will not be necessary to make any Series 20232021-1 2 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 2023-1 5 Secured Parties, and it will not be necessary to make any Series 2023-1 5 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20232024-1 Secured Parties, and it will not be necessary to make any Series 20232024-1 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20232022-1 3 Secured Parties, and it will not be necessary to make any Series 20232022-1 3 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20232021-1 Secured Parties, and it will not be necessary to make any Series 20232021-1 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20232022-1 7 Secured Parties, and it will not be necessary to make any Series 20232022-1 7 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 2023-1 4 Secured Parties, and it will not be necessary to make any Series 2023-1 4 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

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Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 2023-1 6 Secured Parties, and it will not be necessary to make any Series 2023-1 6 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 1 contract

Samples: Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20232022-1 5 Secured Parties, and it will not be necessary to make any Series 20232022-1 5 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 1 contract

Samples: Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 2023-1 3 Secured Parties, and it will not be necessary to make any Series 2023-1 3 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 1 contract

Samples: Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 2023-1 7 Secured Parties, and it will not be necessary to make any Series 2023-1 7 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 1 contract

Samples: Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20232024-1 3 Secured Parties, and it will not be necessary to make any Series 20232024-1 3 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 1 contract

Samples: Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20232022-1 6 Secured Parties, and it will not be necessary to make any Series 20232022-1 6 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 1 contract

Samples: Verizon Master Trust

Proceeding. In any Proceeding brought by the Indenture Trustee (and any Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Series 20232024-1 2 Secured Parties, and it will not be necessary to make any Series 20232024-1 2 Secured Party, including a Noteholder, a party to the Proceeding.

Appears in 1 contract

Samples: Verizon Master Trust

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