Common use of Permitted Investments Clause in Contracts

Permitted Investments. If (i) no Potential Default or Event of Default has occurred and is continuing under any Series or Group, and (ii) Cellco is the Servicer, the Servicer may instruct the Master Collateral Agent to invest any funds in the Collection Account (and may instruct the Master Collateral Agent or any other party disclosed in the related Series Related Documents to invest funds in any other Trust Accounts pursuant to and in accordance with the terms of the related Series Related Documents) in Permitted Investments and, if investment instructions are received, the Master Collateral Agent will direct the Qualified Institution maintaining the Trust Accounts to invest the funds in the Collection Account in those Permitted Investments. If (i) the Servicer fails to give investment instructions for any funds in the Collection Account (and any other Trust Accounts pursuant to and in accordance with the terms of the related Series Related Documents) to the Master Collateral Agent by 11:00 a.m. New York time (or other time as may be agreed by the Master Collateral Agent) on the Business Day before a Payment Date, or (ii) the Qualified Institution receives notice from the Master Collateral Agent that a Potential Default or Event of Default under any Series or Group has occurred and is continuing, the Qualified Institution will invest and reinvest funds in such Trust Account according to the last investment instructions received, if any. If no prior investment instructions have been received or if the instructed investments are no longer available or permitted, the Master Collateral Agent will notify the Servicer and request new investment instructions, and the funds will remain uninvested until new investment instructions are received. The Servicer may direct the Master Collateral Agent to consent, vote, waive or take any other action, or not to take any action, on any matters available to the holder of the Permitted Investments. If Cellco is not the Servicer, funds on deposit in the Collection Account will remain uninvested. Notwithstanding anything to the contrary in this Section 4.2(a) or in the Transaction Documents or any other Series Related Documents, the Servicer shall not allow amounts held in the Collection Account to be invested unless it is able to maintain records on a daily basis as to the amounts realized from the investment of Collections received on each Originator’s Receivables.

Permitted Investments. If (i) no Potential Default, Event of Default or Event of Exchange Note Default has occurred and is continuing under any Series or Group, and (ii) Cellco is the Servicercontinuing, the Servicer may instruct the Master Collateral Agent Indenture Trustee to invest any funds in the Collection Account (and may instruct the Master Collateral Agent or any other party disclosed in the related Series Related Documents to invest funds in any other Trust Bank Accounts pursuant to and in accordance with the terms of the related Series Related Documents) in Permitted Investments and, if investment instructions are received, the Master Collateral Agent Indenture Trustee will direct the Qualified Institution maintaining the Trust Bank Accounts to invest the funds in the Collection Account Bank Accounts in those Permitted Investments. The investment instructions from the Servicer may be in the form of a standing instruction. If (i) the Servicer fails to give investment instructions for any funds in the Collection a Bank Account (and any other Trust Accounts pursuant to and in accordance with the terms of the related Series Related Documents) to the Master Collateral Agent Indenture Trustee by 11:00 a.m. New York time (or other time as may be agreed by the Master Collateral AgentIndenture Trustee) on the Business Day before a Payment Date, Date or (ii) the Qualified Institution receives notice from the Master Collateral Agent Indenture Trustee that a Potential Default or Default, Event of Default under any Series or Group Exchange Note Default has occurred and is continuingcontinuing for the Notes or the 20 - Exchange Note, the Qualified Institution will invest and reinvest funds in such Trust Account the Bank Accounts according to the last investment instructions received, if any. If no prior investment instructions have been received or if the instructed investments are no longer available or permitted, the Master Collateral Agent Indenture Trustee will notify the Servicer and request new investment instructions, and the funds will remain uninvested until new investment instructions are received. The Servicer may direct the Master Collateral Agent Indenture Trustee to consent, vote, waive or take any other action, or not to take any action, on any matters available to the holder of the Permitted Investments. If Cellco is not the Servicer, funds on deposit in the Collection Account will remain uninvested. Notwithstanding anything to the contrary in this Section 4.2(a) or in the Transaction Documents or any other Series Related Documents, the Servicer shall not allow amounts held in the Collection Account to be invested unless it is able to maintain records on a daily basis as to the amounts realized from the investment of Collections received on each Originator’s Receivables.

Permitted Investments. If (i) no Potential Default, Event of Default or Event of Exchange Note Default has occurred and is continuing under any Series or Group, and (ii) Cellco is the Servicercontinuing, the Servicer may instruct the Master Collateral Agent Indenture Trustee to invest any funds in the Collection Account (and may instruct the Master Collateral Agent or any other party disclosed in the related Series Related Documents to invest funds in any other Trust Bank Accounts pursuant to and in accordance with the terms of the related Series Related Documents) in Permitted Investments and, if investment instructions are received, the Master Collateral Agent Indenture Trustee will direct the Qualified Institution maintaining the Trust Bank Accounts to invest the funds in the Collection Account Bank Accounts in those Permitted Investments. The investment instructions from the Servicer may be in the form of a standing instruction. If (i) the Servicer fails to give investment instructions for any funds in the Collection a Bank Account (and any other Trust Accounts pursuant to and in accordance with the terms of the related Series Related Documents) to the Master Collateral Agent Indenture Trustee by 11:00 a.m. New York time (or other time as may be agreed by the Master Collateral AgentIndenture Trustee) on the Business Day before a Payment Date, Date or (ii) the Qualified Institution receives notice from the Master Collateral Agent Indenture Trustee that a Potential Default or Default, Event of Default under any Series or Group Exchange Note Default has occurred and is continuingcontinuing for the Notes or the 2020-A Exchange Note, the Qualified Institution will invest and reinvest funds in such Trust Account the Bank Accounts according to the last investment instructions received, if any. If no prior investment instructions have been received or if the instructed investments are no longer available or permitted, the Master Collateral Agent Indenture Trustee will notify the Servicer and request new investment instructions, and the funds will remain uninvested until new investment instructions are received. The Servicer may direct the Master Collateral Agent Indenture Trustee to consent, vote, waive or take any other action, or not to take any action, on any matters available to the holder of the Permitted Investments. If Cellco is not the Servicer, funds on deposit in the Collection Account will remain uninvested. Notwithstanding anything to the contrary in this Section 4.2(a) or in the Transaction Documents or any other Series Related Documents, the Servicer shall not allow amounts held in the Collection Account to be invested unless it is able to maintain records on a daily basis as to the amounts realized from the investment of Collections received on each Originator’s Receivables.

Permitted Investments. If (i) no Potential Default, Event of Default or Event of Exchange Note Default has occurred and is continuing under any Series or Group, and (ii) Cellco is the Servicercontinuing, the Servicer may instruct the Master Collateral Agent Indenture Trustee to invest any funds in the Collection Account (and may instruct the Master Collateral Agent or any other party disclosed in the related Series Related Documents to invest funds in any other Trust Bank Accounts pursuant to and in accordance with the terms of the related Series Related Documents) in Permitted Investments and, if investment instructions are received, the Master Collateral Agent Indenture Trustee will direct the Qualified Institution maintaining the Trust Bank Accounts to invest the funds in the Collection Account Bank Accounts in those Permitted Investments. The investment instructions from the Servicer may be in the form of a standing instruction. If (i) the Servicer fails to give investment instructions for any funds in the Collection a Bank Account (and any other Trust Accounts pursuant to and in accordance with the terms of the related Series Related Documents) to the Master Collateral Agent Indenture Trustee by 11:00 a.m. New York time (or other time as may be agreed by the Master Collateral AgentIndenture Trustee) on the Business Day before a Payment Date, Date or (ii) the Qualified Institution receives notice from the Master Collateral Agent Indenture Trustee that a Potential Default or Default, Event of Default under any Series or Group Exchange Note Default has occurred and is continuingcontinuing for the Notes or the 2024-A Exchange Note, the Qualified Institution will invest and reinvest funds in such Trust Account the Bank Accounts according to the last investment instructions received, if any. If no prior investment instructions have been received or if the instructed investments are no longer available or permitted, the Master Collateral Agent Indenture Trustee will notify the Servicer and request new investment instructions, and the funds will remain uninvested until new investment instructions are received. The Servicer may direct the Master Collateral Agent Indenture Trustee to consent, vote, waive or take any other action, or not to take any action, on any matters available to the holder of the Permitted Investments. If Cellco is not the Servicer, funds on deposit in the Collection Account will remain uninvested. Notwithstanding anything to the contrary in this Section 4.2(a) or in the Transaction Documents or any other Series Related Documents, the Servicer shall not allow amounts held in the Collection Account to be invested unless it is able to maintain records on a daily basis as to the amounts realized from the investment of Collections received on each Originator’s Receivables.

Permitted Investments. If (i) no Potential Default, Event of Default or Event of Exchange Note Default has occurred and is continuing under any Series or Group, and (ii) Cellco is the Servicercontinuing, the Servicer may instruct the Master Collateral Agent Indenture Trustee to invest any funds in the Collection Account (and may instruct the Master Collateral Agent or any other party disclosed in the related Series Related Documents to invest funds in any other Trust Bank Accounts pursuant to and in accordance with the terms of the related Series Related Documents) in Permitted Investments and, if investment instructions are received, the Master Collateral Agent Indenture Trustee will direct the Qualified Institution maintaining the Trust Bank Accounts to invest the funds in the Collection Account Bank Accounts in those Permitted Investments. The investment instructions from the Servicer may be in the form of a standing instruction. If (i) the Servicer fails to give investment instructions for any funds in the Collection a Bank Account (and any other Trust Accounts pursuant to and in accordance with the terms of the related Series Related Documents) to the Master Collateral Agent Indenture Trustee by 11:00 a.m. New York time (or other time as may be agreed by the Master Collateral AgentIndenture Trustee) on the Business Day before a Payment Date, Date or (ii) the Qualified Institution receives notice from the Master Collateral Agent Indenture Trustee that a Potential Default or Default, Event of Default under any Series or Group Exchange Note Default has occurred and is continuingcontinuing for the Notes or the 2023-A Exchange Note, the Qualified Institution will invest and reinvest funds in such Trust Account the Bank Accounts according to the last investment instructions received, if any. If no prior investment instructions have been received or if the instructed investments are no longer available or permitted, the Master Collateral Agent Indenture Trustee will notify the Servicer and request new investment instructions, and the funds will remain uninvested until new investment instructions are received. The Servicer may direct the Master Collateral Agent Indenture Trustee to consent, vote, waive or take any other action, or not to take any action, on any matters available to the holder of the Permitted Investments. If Cellco is not the Servicer, funds on deposit in the Collection Account will remain uninvested. Notwithstanding anything to the contrary in this Section 4.2(a) or in the Transaction Documents or any other Series Related Documents, the Servicer shall not allow amounts held in the Collection Account to be invested unless it is able to maintain records on a daily basis as to the amounts realized from the investment of Collections received on each Originator’s Receivables.

Permitted Investments. If (i) no Potential Default, Event of Default or Event of Exchange Note Default has occurred and is continuing under any Series or Group, and (ii) Cellco is the Servicercontinuing, the Servicer may instruct the Master Collateral Agent Indenture Trustee to invest any funds in the Collection Account (and may instruct the Master Collateral Agent or any other party disclosed in the related Series Related Documents to invest funds in any other Trust Bank Accounts pursuant to and in accordance with the terms of the related Series Related Documents) in Permitted Investments and, if investment instructions are received, the Master Collateral Agent Indenture Trustee will direct the Qualified Institution maintaining the Trust Bank Accounts to invest the funds in the Collection Account Bank Accounts in those Permitted Investments. The investment instructions from the Servicer may be in the form of a standing instruction. If (i) the Servicer fails to give investment instructions for any funds in the Collection a Bank Account (and any other Trust Accounts pursuant to and in accordance with the terms of the related Series Related Documents) to the Master Collateral Agent Indenture Trustee by 11:00 a.m. New York time (or other time as may be agreed by the Master Collateral AgentIndenture Trustee) on the Business Day before a Payment Date, Date or (ii) the Qualified Institution receives notice from the Master Collateral Agent Indenture Trustee that a Potential Default or Default, Event of Default under any Series or Group Exchange Note Default has occurred and is continuingcontinuing for the Notes or the 2019-B Exchange Note, the Qualified Institution will invest and reinvest funds in such Trust Account the Bank Accounts according to the last investment instructions received, if any. If no prior investment instructions have been received or if the instructed investments are no longer available or permitted, the Master Collateral Agent Indenture Trustee will notify the Servicer and request new investment instructions, and the funds will remain uninvested until new investment instructions are received. The Servicer may direct the Master Collateral Agent Indenture Trustee to consent, vote, waive or take any other action, or not to take any action, on any matters available to the holder of the Permitted Investments. If Cellco is not the Servicer, funds on deposit in the Collection Account will remain uninvested. Notwithstanding anything to the contrary in this Section 4.2(a) or in the Transaction Documents or any other Series Related Documents, the Servicer shall not allow amounts held in the Collection Account to be invested unless it is able to maintain records on a daily basis as to the amounts realized from the investment of Collections received on each Originator’s Receivables.

Permitted Investments. If (i) no Potential Default, Event of Default or Event of Exchange Note Default has occurred and is continuing under any Series or Group, and (ii) Cellco is the Servicercontinuing, the Servicer may instruct the Master Collateral Agent Indenture Trustee to invest any funds in the Collection Account (and may instruct the Master Collateral Agent or any other party disclosed in the related Series Related Documents to invest funds in any other Trust Bank Accounts pursuant to and in accordance with the terms of the related Series Related Documents) in Permitted Investments and, if investment instructions are received, the Master Collateral Agent Indenture Trustee will direct the Qualified Institution maintaining the Trust Bank Accounts to invest the funds in the Collection Account Bank Accounts in those Permitted Investments. The investment instructions from the Servicer may be in the form of a standing instruction. If (i) the Servicer fails to give investment instructions for any funds in the Collection a Bank Account (and any other Trust Accounts pursuant to and in accordance with the terms of the related Series Related Documents) to the Master Collateral Agent Indenture Trustee by 11:00 a.m. New York time (or other time as may be agreed by the Master Collateral AgentIndenture Trustee) on the Business Day before a Payment Date, Date or (ii) the Qualified Institution receives notice from the Master Collateral Agent Indenture Trustee that a Potential Default or Default, Event of Default under any Series or Group Exchange Note Default has occurred and is continuingcontinuing for the Notes or the 2017-A Exchange Note, the Qualified Institution will invest and reinvest funds in such Trust Account the Bank Accounts according to the last investment instructions received, if any. If no prior investment instructions have been received or if the instructed investments are no longer available or permitted, the Master Collateral Agent Indenture Trustee will notify the Servicer and request new investment instructions, and the funds will remain uninvested until new investment instructions are received. The Servicer may direct the Master Collateral Agent Indenture Trustee to consent, vote, waive or take any other action, or not to take any action, on any matters available to the holder of the Permitted Investments. If Cellco is not the Servicer, funds on deposit in the Collection Account will remain uninvested. Notwithstanding anything to the contrary in this Section 4.2(a) or in the Transaction Documents or any other Series Related Documents, the Servicer shall not allow amounts held in the Collection Account to be invested unless it is able to maintain records on a daily basis as to the amounts realized from the investment of Collections received on each Originator’s Receivables.

Permitted Investments. If (i) no Potential Default, Event of Default or Event of Exchange Note Default has occurred and is continuing under any Series or Group, and (ii) Cellco is the Servicercontinuing, the Servicer may instruct the Master Collateral Agent Indenture Trustee to invest any funds in the Collection Account (and may instruct the Master Collateral Agent or any other party disclosed in the related Series Related Documents to invest funds in any other Trust Bank Accounts pursuant to and in accordance with the terms of the related Series Related Documents) in Permitted Investments and, if investment instructions are received, the Master Collateral Agent Indenture Trustee will direct the Qualified Institution maintaining the Trust Bank Accounts to invest the funds in the Collection Account Bank Accounts in those Permitted Investments. The investment instructions from the Servicer may be in the form of a standing instruction. If (i) the Servicer fails to give investment instructions for any funds in the Collection a Bank Account (and any other Trust Accounts pursuant to and in accordance with the terms of the related Series Related Documents) to the Master Collateral Agent Indenture Trustee by 11:00 a.m. New York time (or other time as may be agreed by the Master Collateral AgentIndenture Trustee) on the Business Day before a Payment Date, Date or (ii) the Qualified Institution receives notice from the Master Collateral Agent Indenture Trustee that a Potential Default or Default, Event of Default under any Series or Group Exchange Note Default has occurred and is continuingcontinuing for the Notes or the 2018-A Exchange Note, the Qualified Institution will invest and reinvest funds in such Trust Account the Bank Accounts according to the last investment instructions received, if any. If no prior investment instructions have been received or if the instructed investments are no longer available or permitted, the Master Collateral Agent Indenture Trustee will notify the Servicer and request new investment instructions, and the funds will remain uninvested until new investment instructions are received. The Servicer may direct the Master Collateral Agent Indenture Trustee to consent, vote, waive or take any other action, or not to take any action, on any matters available to the holder of the Permitted Investments. If Cellco is not the Servicer, funds on deposit in the Collection Account will remain uninvested. Notwithstanding anything to the contrary in this Section 4.2(a) or in the Transaction Documents or any other Series Related Documents, the Servicer shall not allow amounts held in the Collection Account to be invested unless it is able to maintain records on a daily basis as to the amounts realized from the investment of Collections received on each Originator’s Receivables.

Permitted Investments. If (i) no Potential Default, Event of Default or Event of Exchange Note Default has occurred and is continuing under any Series or Group, and (ii) Cellco is the Servicercontinuing, the Servicer may instruct the Master Collateral Agent Indenture Trustee to invest any funds in the Collection Account (and may instruct the Master Collateral Agent or any other party disclosed in the related Series Related Documents to invest funds in any other Trust Bank Accounts pursuant to and in accordance with the terms of the related Series Related Documents) in Permitted Investments and, if investment instructions are received, the Master Collateral Agent Indenture Trustee will direct the Qualified Institution maintaining the Trust Bank Accounts to invest the funds in the Collection Account Bank Accounts in those Permitted Investments. The investment instructions from the Servicer may be in the form of a standing instruction. If (i) the Servicer fails to give investment instructions for any funds in the Collection a Bank Account (and any other Trust Accounts pursuant to and in accordance with the terms of the related Series Related Documents) to the Master Collateral Agent Indenture Trustee by 11:00 a.m. New York time (or other time as may be agreed by the Master Collateral AgentIndenture Trustee) on the Business Day before a Payment Date, Date or (ii) the Qualified Institution receives notice from the Master Collateral Agent Indenture Trustee that a Potential Default or Default, Event of Default under any Series or Group Exchange Note Default has occurred and is continuingcontinuing for the Notes or the 2021-B Exchange Note, the Qualified Institution will invest and reinvest funds in such Trust Account the Bank Accounts according to the last investment instructions received, if any. If no prior investment instructions have been received or if the instructed investments are no longer available or permitted, the Master Collateral Agent Indenture Trustee will notify the Servicer and request new investment instructions, and the funds will remain uninvested until new investment instructions are received. The Servicer may direct the Master Collateral Agent Indenture Trustee to consent, vote, waive or take any other action, or not to take any action, on any matters available to the holder of the Permitted Investments. If Cellco is not the Servicer, funds on deposit in the Collection Account will remain uninvested. Notwithstanding anything to the contrary in this Section 4.2(a) or in the Transaction Documents or any other Series Related Documents, the Servicer shall not allow amounts held in the Collection Account to be invested unless it is able to maintain records on a daily basis as to the amounts realized from the investment of Collections received on each Originator’s Receivables.

Permitted Investments. If (i) no Potential Default, Event of Default or Event of Exchange Note Default has occurred and is continuing under any Series or Group, and (ii) Cellco is the Servicercontinuing, the Servicer may instruct the Master Collateral Agent Indenture Trustee to invest any funds in the Collection Account (and may instruct the Master Collateral Agent or any other party disclosed in the related Series Related Documents to invest funds in any other Trust Bank Accounts pursuant to and in accordance with the terms of the related Series Related Documents) in Permitted Investments and, if investment instructions are received, the Master Collateral Agent Indenture Trustee will direct the Qualified Institution maintaining the Trust Bank Accounts to invest the funds in the Collection Account Bank Accounts in those Permitted Investments. The investment instructions from the Servicer may be in the form of a standing instruction. If (i) the Servicer fails to give investment instructions for any funds in the Collection a Bank Account (and any other Trust Accounts pursuant to and in accordance with the terms of the related Series Related Documents) to the Master Collateral Agent Indenture Trustee by 11:00 a.m. New York time (or other time as may be agreed by the Master Collateral AgentIndenture Trustee) on the Business Day before a Payment Date, Date or (ii) the Qualified Institution receives notice from the Master Collateral Agent Indenture Trustee that a Potential Default or Default, Event of Default under any Series or Group Exchange Note Default has occurred and is continuingcontinuing for the Notes or the 2020-B Exchange Note, the Qualified Institution will invest and reinvest funds in such Trust Account the Bank Accounts according to the last investment instructions received, if any. If no prior investment instructions have been received or if the instructed investments are no longer available or permitted, the Master Collateral Agent Indenture Trustee will notify the Servicer and request new investment instructions, and the funds will remain uninvested until new investment instructions are received. The Servicer may direct the Master Collateral Agent Indenture Trustee to consent, vote, waive or take any other action, or not to take any action, on any matters available to the holder of the Permitted Investments. If Cellco is not the Servicer, funds on deposit in the Collection Account will remain uninvested. Notwithstanding anything to the contrary in this Section 4.2(a) or in the Transaction Documents or any other Series Related Documents, the Servicer shall not allow amounts held in the Collection Account to be invested unless it is able to maintain records on a daily basis as to the amounts realized from the investment of Collections received on each Originator’s Receivables.

Permitted Investments. If (i) no Potential Default, Event of Default or Event of Exchange Note Default has occurred and is continuing under any Series or Group, and (ii) Cellco is the Servicercontinuing, the Servicer may instruct the Master Collateral Agent Indenture Trustee to invest any funds in the Collection Account (and may instruct the Master Collateral Agent or any other party disclosed in the related Series Related Documents to invest funds in any other Trust Bank Accounts pursuant to and in accordance with the terms of the related Series Related Documents) in Permitted Investments and, if investment instructions are received, the Master Collateral Agent Indenture Trustee will direct the Qualified Institution maintaining the Trust Bank Accounts to invest the funds in the Collection Account Bank Accounts in those Permitted Investments. The investment instructions from the Servicer may be in the form of a standing instruction. If (i) the Servicer fails to give investment instructions for any funds in the Collection a Bank Account (and any other Trust Accounts pursuant to and in accordance with the terms of the related Series Related Documents) to the Master Collateral Agent Indenture Trustee by 11:00 a.m. New York time (or other time as may be agreed by the Master Collateral AgentIndenture Trustee) on the Business Day before a Payment Date, Date or (ii) the Qualified Institution receives notice from the Master Collateral Agent Indenture Trustee that a Potential Default or Default, Event of Default under any Series or Group Exchange Note Default has occurred and is continuingcontinuing for the Notes or the 2016-A Exchange Note, the Qualified Institution will invest and reinvest funds in such Trust Account the Bank Accounts according to the last investment instructions received, if any. If no prior investment instructions have been received or if the instructed investments are no longer available or permitted, the Master Collateral Agent Indenture Trustee will notify the Servicer and request new investment instructions, and the funds will remain uninvested until new investment instructions are received. The Servicer may direct the Master Collateral Agent Indenture Trustee to consent, vote, waive or take any other action, or not to take any action, on any matters available to the holder of the Permitted Investments. If Cellco is not the Servicer, funds on deposit in the Collection Account will remain uninvested. Notwithstanding anything to the contrary in this Section 4.2(a) or in the Transaction Documents or any other Series Related Documents, the Servicer shall not allow amounts held in the Collection Account to be invested unless it is able to maintain records on a daily basis as to the amounts realized from the investment of Collections received on each Originator’s Receivables.

Permitted Investments. If (i) no Potential Default, Event of Default or Event of Exchange Note Default has occurred and is continuing under any Series or Group, and (ii) Cellco is the Servicercontinuing, the Servicer may instruct the Master Collateral Agent Indenture Trustee to invest any funds in the Collection Account (and may instruct the Master Collateral Agent or any other party disclosed in the related Series Related Documents to invest funds in any other Trust Bank Accounts pursuant to and in accordance with the terms of the related Series Related Documents) in Permitted Investments and, if investment instructions are received, the Master Collateral Agent Indenture Trustee will direct the Qualified Institution maintaining the Trust Bank Accounts to invest the funds in the Collection Account Bank Accounts in those Permitted Investments. The investment instructions from the Servicer may be in the form of a standing instruction. If (i) the Servicer fails to give investment instructions for any funds in the Collection a Bank Account (and any other Trust Accounts pursuant to and in accordance with the terms of the related Series Related Documents) to the Master Collateral Agent Indenture Trustee by 11:00 a.m. New York time (or other time as may be agreed by the Master Collateral AgentIndenture Trustee) on the Business Day before a Payment Date, Date or (ii) the Qualified Institution receives notice from the Master Collateral Agent Indenture Trustee that a Potential Default or Default, Event of Default under any Series or Group Exchange Note Default has occurred and is continuingcontinuing for the Notes or the 2017-B Exchange Note, the Qualified Institution will invest and reinvest funds in such Trust Account the Bank Accounts according to the last investment instructions received, if any. If no prior investment instructions have been received or if the instructed investments are no longer available or permitted, the Master Collateral Agent Indenture Trustee will notify the Servicer and request new investment instructions, and the funds will remain uninvested until new investment instructions are received. The Servicer may direct the Master Collateral Agent Indenture Trustee to consent, vote, waive or take any other action, or not to take any action, on any matters available to the holder of the Permitted Investments. If Cellco is not the Servicer, funds on deposit in the Collection Account will remain uninvested. Notwithstanding anything to the contrary in this Section 4.2(a) or in the Transaction Documents or any other Series Related Documents, the Servicer shall not allow amounts held in the Collection Account to be invested unless it is able to maintain records on a daily basis as to the amounts realized from the investment of Collections received on each Originator’s Receivables.

Permitted Investments. If (i) no Potential Default, Event of Default or Event of Exchange Note Default has occurred and is continuing under any Series or Group, and (ii) Cellco is the Servicercontinuing, the Servicer may instruct the Master Collateral Agent Indenture Trustee to invest any funds in the Collection Account (and may instruct the Master Collateral Agent or any other party disclosed in the related Series Related Documents to invest funds in any other Trust Bank Accounts pursuant to and in accordance with the terms of the related Series Related Documents) in Permitted Investments and, if investment instructions are received, the Master Collateral Agent Indenture Trustee will direct the Qualified Institution maintaining the Trust Bank Accounts to invest the funds in the Collection Account Bank Accounts in those Permitted Investments. The investment instructions from the Servicer may be in the form of a standing instruction. If (i) the Servicer fails to give investment instructions for any funds in the Collection a Bank Account (and any other Trust Accounts pursuant to and in accordance with the terms of the related Series Related Documents) to the Master Collateral Agent Indenture Trustee by 11:00 a.m. New York time (or other time as may be agreed by the Master Collateral AgentIndenture Trustee) on the Business Day before a Payment Date, Date or (ii) the Qualified Institution receives notice from the Master Collateral Agent Indenture Trustee that a Potential Default or Default, Event of Default under any Series or Group Exchange Note Default has occurred and is continuingcontinuing for the Notes or the 2018-B Exchange Note, the Qualified Institution will invest and reinvest funds in such Trust Account the Bank Accounts according to the last investment instructions received, if any. If no prior investment instructions have been received or if the instructed investments are no longer available or permitted, the Master Collateral Agent Indenture Trustee will notify the Servicer and request new investment instructions, and the funds will remain uninvested until new investment instructions are received. The Servicer may direct the Master Collateral Agent Indenture Trustee to consent, vote, waive or take any other action, or not to take any action, on any matters available to the holder of the Permitted Investments. If Cellco is not the Servicer, funds on deposit in the Collection Account will remain uninvested. Notwithstanding anything to the contrary in this Section 4.2(a) or in the Transaction Documents or any other Series Related Documents, the Servicer shall not allow amounts held in the Collection Account to be invested unless it is able to maintain records on a daily basis as to the amounts realized from the investment of Collections received on each Originator’s Receivables.

Permitted Investments. If (i) no Potential Default, Event of Default or Event of Exchange Note Default has occurred and is continuing under any Series or Group, and (ii) Cellco is the Servicercontinuing, the Servicer may instruct the Master Collateral Agent Indenture Trustee to invest any funds in the Collection Account (and may instruct the Master Collateral Agent or any other party disclosed in the related Series Related Documents to invest funds in any other Trust Bank Accounts pursuant to and in accordance with the terms of the related Series Related Documents) in Permitted Investments and, if investment instructions are received, the Master Collateral Agent Indenture Trustee will direct the Qualified Institution maintaining the Trust Bank Accounts to invest the funds in the Collection Account Bank Accounts in those Permitted Investments. The investment instructions from the Servicer may be in the form of a standing instruction. If (i) the Servicer fails to give investment instructions for any funds in the Collection a Bank Account (and any other Trust Accounts pursuant to and in accordance with the terms of the related Series Related Documents) to the Master Collateral Agent Indenture Trustee by 11:00 a.m. New York time (or other time as may be agreed by the Master Collateral AgentIndenture Trustee) on the Business Day before a Payment Date, Date or (ii) the Qualified Institution receives notice from the Master Collateral Agent Indenture Trustee that a Potential Default or Default, Event of Default under any Series or Group Exchange Note Default has occurred and is continuingcontinuing for the Notes or the 2019-A Exchange Note, the Qualified Institution will invest and reinvest funds in such Trust Account the Bank Accounts according to the last investment instructions received, if any. If no prior investment instructions have been received or if the instructed investments are no longer available or permitted, the Master Collateral Agent Indenture Trustee will notify the Servicer and request new investment instructions, and the funds will remain uninvested until new investment instructions are received. The Servicer may direct the Master Collateral Agent Indenture Trustee to consent, vote, waive or take any other action, or not to take any action, on any matters available to the holder of the Permitted Investments. If Cellco is not the Servicer, funds on deposit in the Collection Account will remain uninvested. Notwithstanding anything to the contrary in this Section 4.2(a) or in the Transaction Documents or any other Series Related Documents, the Servicer shall not allow amounts held in the Collection Account to be invested unless it is able to maintain records on a daily basis as to the amounts realized from the investment of Collections received on each Originator’s Receivables.

Permitted Investments. If (i) no Potential Default, Event of Default or Event of Exchange Note Default has occurred and is continuing under any Series or Group, and (ii) Cellco is the Servicercontinuing, the Servicer may instruct the Master Collateral Agent Indenture Trustee to invest any funds in the Collection Account (and may instruct the Master Collateral Agent or any other party disclosed in the related Series Related Documents to invest funds in any other Trust Bank Accounts pursuant to and in accordance with the terms of the related Series Related Documents) in Permitted Investments and, if investment instructions are received, the Master Collateral Agent Indenture Trustee will direct the Qualified Institution maintaining the Trust Bank Accounts to invest the funds in the Collection Account Bank Accounts in those Permitted Investments. The investment instructions from the Servicer may be in the form of a standing instruction. If (i) the Servicer fails to give investment instructions for any funds in the Collection a Bank Account (and any other Trust Accounts pursuant to and in accordance with the terms of the related Series Related Documents) to the Master Collateral Agent Indenture Trustee by 11:00 a.m. New York time (or other time as may be agreed by the Master Collateral AgentIndenture Trustee) on the Business Day before a Payment Date, Date or (ii) the Qualified Institution receives notice from the Master Collateral Agent Indenture Trustee that a Potential Default or Default, Event of Default under any Series or Group Exchange Note Default has occurred and is continuingcontinuing for the Notes or the 2022-A Exchange Note, the Qualified Institution will invest and reinvest funds in such Trust Account the Bank Accounts according to the last investment instructions received, if any. If no prior investment instructions have been received or if the instructed investments are no longer available or permitted, the Master Collateral Agent Indenture Trustee will notify the Servicer and request new investment instructions, and the funds will remain uninvested until new investment instructions are received. The Servicer may direct the Master Collateral Agent Indenture Trustee to consent, vote, waive or take any other action, or not to take any action, on any matters available to the holder of the Permitted Investments. If Cellco is not the Servicer, funds on deposit in the Collection Account will remain uninvested. Notwithstanding anything to the contrary in this Section 4.2(a) or in the Transaction Documents or any other Series Related Documents, the Servicer shall not allow amounts held in the Collection Account to be invested unless it is able to maintain records on a daily basis as to the amounts realized from the investment of Collections received on each Originator’s Receivables.

Permitted Investments. If (i) no Potential Default, Event of Default or Event of Exchange Note Default has occurred and is continuing under any Series or Group, and (ii) Cellco is the Servicercontinuing, the Servicer may instruct the Master Collateral Agent Indenture Trustee to invest any funds in the Collection Account (and may instruct the Master Collateral Agent or any other party disclosed in the related Series Related Documents to invest funds in any other Trust Bank Accounts pursuant to and in accordance with the terms of the related Series Related Documents) in Permitted Investments and, if investment instructions are received, the Master Collateral Agent Indenture Trustee will direct the Qualified Institution maintaining the Trust Bank Accounts to invest the funds in the Collection Account Bank Accounts in those Permitted Investments. The investment instructions from the Servicer may be in the form of a standing instruction. If (i) the Servicer fails to give investment instructions for any funds in the Collection a Bank Account (and any other Trust Accounts pursuant to and in accordance with the terms of the related Series Related Documents) to the Master Collateral Agent Indenture Trustee by 11:00 a.m. New York time (or other time as may be agreed by the Master Collateral AgentIndenture Trustee) on the Business Day before a Payment Date, Date or (ii) the Qualified Institution receives notice from the Master Collateral Agent Indenture Trustee that a Potential Default or Default, Event of Default under any Series or Group Exchange Note Default has occurred and is continuingcontinuing for the Notes or the 2023-B Exchange Note, the Qualified Institution will invest and reinvest funds in such Trust Account the Bank Accounts according to the last investment instructions received, if any. If no prior investment instructions have been received or if the instructed investments are no longer available or permitted, the Master Collateral Agent Indenture Trustee will notify the Servicer and request new investment instructions, and the funds will remain uninvested until new investment instructions are received. The Servicer may direct the Master Collateral Agent Indenture Trustee to consent, vote, waive or take any other action, or not to take any action, on any matters available to the holder of the Permitted Investments. If Cellco is not the Servicer, funds on deposit in the Collection Account will remain uninvested. Notwithstanding anything to the contrary in this Section 4.2(a) or in the Transaction Documents or any other Series Related Documents, the Servicer shall not allow amounts held in the Collection Account to be invested unless it is able to maintain records on a daily basis as to the amounts realized from the investment of Collections received on each Originator’s Receivables.

Permitted Investments. If (i) no Potential Default, Event of Default or Event of Exchange Note Default has occurred and is continuing under any Series or Group, and (ii) Cellco is the Servicercontinuing, the Servicer may instruct the Master Collateral Agent Indenture Trustee to invest any funds in the Collection Account (and may instruct the Master Collateral Agent or any other party disclosed in the related Series Related Documents to invest funds in any other Trust Bank Accounts pursuant to and in accordance with the terms of the related Series Related Documents) in Permitted Investments and, if investment instructions are received, the Master Collateral Agent Indenture Trustee will direct the Qualified Institution maintaining the Trust Bank Accounts to invest the funds in the Collection Account Bank Accounts in those Permitted Investments. The investment instructions from the Servicer may be in the form of a standing instruction. If (i) the Servicer fails to give investment instructions for any funds in the Collection a Bank Account (and any other Trust Accounts pursuant to and in accordance with the terms of the related Series Related Documents) to the Master Collateral Agent Indenture Trustee by 11:00 a.m. New York time (or other time as may be agreed by the Master Collateral AgentIndenture Trustee) on the Business Day before a Payment Date, Date or (ii) the Qualified Institution receives notice from the Master Collateral Agent Indenture Trustee that a Potential Default or Default, Event of Default under any Series or Group Exchange Note Default has occurred and is continuingcontinuing for the Notes or the 2021-A Exchange Note, the Qualified Institution will invest and reinvest funds in such Trust Account the Bank Accounts according to the last investment instructions received, if any. If no prior investment instructions have been received or if the instructed investments are no longer available or permitted, the Master Collateral Agent Indenture Trustee will notify the Servicer and request new investment instructions, and the funds will remain uninvested until new investment instructions are received. The Servicer may direct the Master Collateral Agent Indenture Trustee to consent, vote, waive or take any other action, or not to take any action, on any matters available to the holder of the Permitted Investments. If Cellco is not the Servicer, funds on deposit in the Collection Account will remain uninvested. Notwithstanding anything to the contrary in this Section 4.2(a) or in the Transaction Documents or any other Series Related Documents, the Servicer shall not allow amounts held in the Collection Account to be invested unless it is able to maintain records on a daily basis as to the amounts realized from the investment of Collections received on each Originator’s Receivables.

Permitted Investments. If (i) no Potential Default, Event of Default or Event of Exchange Note Default has occurred and is continuing under any Series or Group, and (ii) Cellco is the Servicercontinuing, the Servicer may instruct the Master Collateral Agent Indenture Trustee to invest any funds in the Collection Account (and may instruct the Master Collateral Agent or any other party disclosed in the related Series Related Documents to invest funds in any other Trust Bank Accounts pursuant to and in accordance with the terms of the related Series Related Documents) in Permitted Investments and, if investment instructions are received, the Master Collateral Agent Indenture Trustee will direct the Qualified Institution maintaining the Trust Bank Accounts to invest the funds in the Collection Account Bank Accounts in those Permitted Investments. The investment instructions from the Servicer may be in the form of a standing instruction. If (i) the Servicer fails to give investment instructions for any funds in the Collection a Bank Account (and any other Trust Accounts pursuant to and in accordance with the terms of the related Series Related Documents) to the Master Collateral Agent Indenture Trustee by 11:00 a.m. New York time (or other time as may be agreed by the Master Collateral AgentIndenture Trustee) on the Business Day before a Payment Date, Date or (ii) the Qualified Institution receives notice from the Master Collateral Agent Indenture Trustee that a Potential Default or Default, Event of Default under any Series or Group Exchange Note Default has occurred and is continuingcontinuing for the Notes or the 20__-__ Exchange Note, the Qualified Institution will invest and reinvest funds in such Trust Account the Bank Accounts according to the last investment instructions received, if any. If no prior investment instructions have been received or if the instructed investments are no longer available or permitted, the Master Collateral Agent Indenture Trustee will notify the Servicer and request new investment instructions, and the funds will remain uninvested until new investment instructions are received. The Servicer may direct the Master Collateral Agent Indenture Trustee to consent, vote, waive or take any other action, or not to take any action, on any matters available to the holder of the Permitted Investments. If Cellco is not the Servicer, funds on deposit in the Collection Account will remain uninvested. Notwithstanding anything to the contrary in this Section 4.2(a) or in the Transaction Documents or any other Series Related Documents, the Servicer shall not allow amounts held in the Collection Account to be invested unless it is able to maintain records on a daily basis as to the amounts realized from the investment of Collections received on each Originator’s Receivables.