Establishment. On and after the Closing Date, the Indenture Trustee will maintain the Bank Accounts established by the Servicer under Section 4.1 of the Sale and Servicing Agreement.
Establishment. Through a trust agreement executed contemporaneously with this amendment, the State and the Agricultural Contractors that sign the Monterey Amendments shall establish the Agricultural Rate Management Trust Fund with a mutually agreed independent trustee.
Establishment. (a) There is hereby established a new series of Securities to be issued under this Indenture, to be designated as the Company’s “3.800% Senior Notes due 2027.”
Establishment. There is hereby established a new series of Senior Notes to be issued under the Indenture, to be designated as the Company’s Series 2014B 2.15% Senior Notes due September 1, 2019 (the “Series 2014B Notes”). There are to be authenticated and delivered $350,000,000 principal amount of Series 2014B Notes, and such principal amount of the Series 2014B Notes may be increased from time to time pursuant to Section 301 of the Original Indenture. All Series 2014B Notes need not be issued at the same time and such series may be reopened at any time, without the consent of any Holder, for issuances of additional Series 2014B Notes. Any such additional Series 2014B Notes will have the same interest rate, maturity and other terms as those initially issued (except for the public offering price and issue date and the initial interest accrual date and initial Interest Payment Date (as defined below), if applicable). No Series 2014B Notes shall be authenticated and delivered in excess of the principal amount as so increased except as provided by Sections 203, 303, 304, 907 or 1107 of the Original Indenture. The Series 2014B Notes shall be issued in fully registered form. The Series 2014B Notes shall be issued in the form of one or more Global Securities in substantially the form set out in Exhibit A hereto. The Depositary with respect to the Series 2014B Notes shall be The Depository Trust Company. The form of the Trustee’s Certificate of Authentication for the Series 2014B Notes shall be in substantially the form set forth in Exhibit B hereto. Each Series 2014B Note shall be dated the date of authentication thereof and shall bear interest from the date of original issuance thereof or from the most recent Interest Payment Date to which interest has been paid or duly provided for.
Establishment. (a) The Parties shall, within 30 days following Financial Close, establish a committee (the “Works Committee”) consisting of:
Establishment. There is hereby established a Board of Directors (the “Board of Directors”) comprised of natural Persons (the “Directors”) having the authority and duties set forth in this Agreement and the Act. For all business that is put to the vote of the Board of Directors, each Director shall be entitled to one vote. Any decisions to be made by the Board of Directors shall require the approval of a majority of the Board of Directors. Except as provided in the immediately preceding sentence, no Director acting alone, or with any other Director or Directors, shall have the power to act for or on behalf of, or to bind the Company in his or her capacity as a Director. Each Director shall be a “manager” (as that term is defined in the Act) of the Company, but, notwithstanding the foregoing, no Director shall have any rights or powers beyond the rights and powers granted to such Director in this Agreement. Directors need not be residents of the State of Delaware.
Establishment. On or before the issuance of the 2018-B Exchange Note, the Servicer will establish the Reserve Account according to Section 4.1(a) of the Servicing Supplement.
Establishment. The Board may by resolution passed by a majority of the Board designate one or more committees, each committee to consist of one or more of the directors of the Corporation. Each committee shall keep regular minutes of its meetings and report the same to the Board when required. The Board shall have the power at any time to fill vacancies in, to change the membership of, or to dissolve any such committee.
Establishment. On or prior to the Closing Date, the Trust, or the Servicer on behalf of the Trust, caused the following segregated trust accounts or subaccounts to be established as Trust Financing Accounts solely for Series 2023-5 in accordance with Section 9.2 of the Master Collateral Agreement at a Qualified Institution (which will initially be the corporate trust department of U.S. Bank National Association), in the name “U.S. Bank Trust Company, National Association, as Note Paying Agent, for the benefit of the Indenture Trustee, as secured party for Verizon Master Trust, Series 2023-5,” designated as follows:
Establishment. There is hereby established a new series of senior notes to be issued under the Indenture, to be designated as the Company's 5.875% Senior Notes due November 21, 2033 (the "2033 Senior Notes"). There are to be authenticated and delivered 2033 Senior Notes, initially limited in aggregate principal amount of $200,000,000 (or up to $230,000,000 aggregate principal amount to the extent the Underwriters' overallotment option pursuant to the Underwriting Agreement and the Pricing Agreement is exercised), and no further 2033 Senior Notes shall be authenticated and delivered except as provided by Section 2.05, 2.07, 2.11, 3.03 or 9.04 of the Original Indenture; provided, however, that the aggregate principal amount of the 2033 Senior Notes may be increased in the future, without the consent of the holders of the 2033 Senior Notes, on the same terms and with the same CUSIP number as the 2033 Senior Notes. The 2033 Senior Notes shall be issued in fully registered form. The 2033 Senior Notes shall be issued in the form of one or more Global Securities in substantially the form set out in Exhibit A hereto. The Depositary with respect to the 2033 Senior Notes shall be The Depository Trust Company. The form of the Trustee's Certificate of Authentication for the 2033 Senior Notes shall be substantially in the form set forth in Exhibit B hereto. Each 2033 Senior Note shall be dated the date of authentication thereof and shall bear interest from the date of original issuance thereof or from the most recent Interest Payment Date to which interest has been paid or duly provided for.
