Description of Accounts Clause Samples
Description of Accounts. The Financial Institution has established the following accounts (each, a “Collateral Account”): “Collection Account — as Indenture Trustee, as secured party for Ford Credit Auto Owner Trust 20 - “ with account number . “Reserve Account — as Indenture Trustee, as secured party for Ford Credit Auto Owner Trust 20 - “ with account number .
Description of Accounts. The Financial Institution has established the following accounts (each, a “Collateral Account”): “Series 2018-2 Principal Funding Account — The Bank of New York Mellon as Indenture Trustee, as secured party for Ford Credit Floorplan Master Owner Trust A for Series 2018-2” with account number 2610718400; “Series 2018-2 Reserve Account — The Bank of New York Mellon as Indenture Trustee, as secured party for Ford Credit Floorplan Master Owner Trust A for Series 2018-2” with account number 2610668400; and “Series 2018-2 Accumulation Period Reserve Account — The Bank of New York Mellon as Indenture Trustee, as secured party for Ford Credit Floorplan Master Owner Trust A for Series 2018-2” with account number 2610748400.
Description of Accounts. The Financial Institution has established the following accounts (each, a "Collateral Account"):
Description of Accounts. Pursuant to this Agreement and the Indenture, the Grantor, the Servicer and the Financial Institution have established the following accounts, subject to the lien of the Secured Party (each, a “Collateral Account”), each of which Collateral Accounts shall be a Trust Financing Account:
(i) “Series 2024-1 Distribution Account – U.S. Bank Trust Company, National Association, as Note Paying Agent, as secured party for the benefit of the Secured Parties of Verizon Master Trust, Series 2024-1” with account number 238762000.
(ii) “Series 2024-1 Reserve Account – U.S. Bank Trust Company, National Association, as Note Paying Agent, as secured party for the benefit of the Secured Parties of Verizon Master Trust, Series 2024-1” with account number 238762001.
(iii) “Series 2024-1 Principal Funding Account – U.S. Bank Trust Company, National Association, as Note Paying Agent, as secured party for the benefit of the Secured Parties of Verizon Master Trust, Series 2024-1” with account number 238762002.
Description of Accounts. Pursuant to this Agreement and the Transfer and Servicing Agreement, the Servicer and the Financial Institution have established the following accounts, each in the name of “U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 2020-A”, subject to the lien of the Indenture Trustee (each, a “Collateral Account”): “Collection Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 2020-A” with account number 272062000. “Reserve Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 2020-A” with account number 272062001. “Negative Carry Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 2020-A” with account number 272062003. “Acquisition Account – U.S. Bank National Association, as Note Paying Agent for the benefit of the Indenture Trustee, as secured party for Verizon Owner Trust 2020-A” with account number 272062002.
Description of Accounts. Pursuant to this Agreement and the Indenture, the Grantor, the Servicer and the Financial Institution have established the following accounts, subject to the lien of the Secured Party (each, a “Collateral Account”), each of which Collateral Accounts shall be a Trust Financing Account:
(i) “Series 2022-4 Distribution Account – U.S. Bank National Association, as Note Paying Agent, as secured party for the benefit of the Secured Parties of Verizon Master Trust, Series 2022-4” with account number 262084000.
(ii) “Series 2022-4 Reserve Account – U.S. Bank National Association, as Note Paying Agent, as secured party for the benefit of the Secured Parties of Verizon Master Trust, Series 2022-4” with account number 262084001.
(iii) “Series 2022-4 Principal Funding Account – U.S. Bank National Association, as Note Paying Agent, as secured party for the benefit of the Secured Parties of Verizon Master Trust, Series 2022-4” with account number 262084002.
Description of Accounts. Pursuant to this Agreement and the Indenture, the Grantor, the Servicer and the Financial Institution have established the following accounts, subject to the lien of the Secured Party (each, a “Collateral Account”), each of which Collateral Accounts shall be a Trust Financing Account:
(i) “Series 2024-8 Distribution Account – U.S. Bank Trust Company, National Association, as Note Paying Agent, as secured party for the benefit of the Secured Parties of Verizon Master Trust, Series 2024-8” with account number 278569000.
(ii) “Series 2024-8 Reserve Account – U.S. Bank Trust Company, National Association, as Note Paying Agent, as secured party for the benefit of the Secured Parties of Verizon Master Trust, Series 2024-8” with account number 278569001.
(iii) “Series 2024-8 Principal Funding Account – U.S. Bank Trust Company, National Association, as Note Paying Agent, as secured party for the benefit of the Secured Parties of Verizon Master Trust, Series 2024-8” with account number 278569002.
Description of Accounts. The Financial Institution has established the following accounts (each, a “Collateral Account”): “Series 2019-1 Principal Funding Account — The Bank of New York Mellon as Indenture Trustee, as secured party for Ford Credit Floorplan Master Owner Trust A for Series 2019-1” with account number ▇▇▇▇▇▇▇▇▇▇; “Series 2019-1 Reserve Account — The Bank of New York Mellon as Indenture Trustee, as secured party for Ford Credit Floorplan Master Owner Trust A for Series 2019-1” with account number 5840478400; and “Series 2019-1 Accumulation Period Reserve Account — The Bank of New York Mellon as Indenture Trustee, as secured party for Ford Credit Floorplan Master Owner Trust A for Series 2019-1” with account number 5840308400.
Description of Accounts. The Financial Institution has established the following accounts (each, a "Collateral Account"): "Series 2025-2 Principal Funding Account – The Bank of New York Mellon as Indenture Trustee, as secured party for Ford Credit Floorplan Master Owner Trust A for Series 2025-2" with account number 3474460000; and "Series 2025-2 Reserve Account – The Bank of New York Mellon as Indenture Trustee, as secured party for Ford Credit Floorplan Master Owner Trust A for Series 2025-2" with account number 3474450000.
Description of Accounts. The Financial Institution has established the following accounts (each, a “Collateral Account”): “Series 20 - Principal Funding Account — as Indenture Trustee, as secured party for Ford Credit Floorplan Master Owner Trust A for Series 20 - ” with account number . “Series 20 - Reserve Account — as Indenture Trustee, as secured party for Ford Credit Floorplan Master Owner Trust A for Series 20 - ” with account number . “Series 20 - Accumulation Period Reserve Account — as Indenture Trustee, as secured party for Ford Credit Floorplan Master Owner Trust A for Series 20 - ” with account number .