Common use of Effect of Waiver Clause in Contracts

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 2023-1 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 2 contracts

Sources: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 20232021-1 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 2 contracts

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

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 2023-1 7 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 2 contracts

Sources: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 20232024-1 6 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 2 contracts

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

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 2023-1 5 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 2 contracts

Sources: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 20232021-1 2 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 2 contracts

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

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 20232022-1 7 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 2 contracts

Sources: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 20232024-1 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 2 contracts

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

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 20232022-1 4 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 2 contracts

Sources: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 20232022-1 3 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 2 contracts

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

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 20232024-1 8 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 2 contracts

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

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 2023-1 2 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 2 contracts

Sources: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 20232024-1 4 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 2 contracts

Sources: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 20232022-1 2 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 2 contracts

Sources: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 20232025-1 3 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 2 contracts

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

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 20232025-1 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 2 contracts

Sources: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 2023-1 4 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 2 contracts

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

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 20232022-1 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 2 contracts

Sources: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 20232025-1 5 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 2 contracts

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

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 20232024-1 3 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 2 contracts

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

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 20232024-1 5 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 1 contract

Sources: Indenture (Verizon Master Trust)

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 20232025-1 2 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 1 contract

Sources: Indenture (Verizon Master Trust)

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 20232024-1 2 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 1 contract

Sources: Indenture (Verizon Master Trust)

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 20232024-1 7 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 1 contract

Sources: Indenture (Verizon Master Trust)

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 2023-1 3 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 1 contract

Sources: Indenture (Verizon Master Trust)

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 20232022-1 6 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 1 contract

Sources: Indenture (Verizon Master Trust)

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 2023-1 6 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 1 contract

Sources: Indenture (Verizon Master Trust)

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 20232025-1 4 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 1 contract

Sources: Indenture (Verizon Master Trust)

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 20232025-1 6 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 1 contract

Sources: Indenture (Verizon Master Trust)

Effect of Waiver. On any waiver, the Potential Default with respect to Group 1 or Event of Default with respect to Group 1 will be considered not to have occurred with respect to Series 20232022-1 5 for all purposes of this Indenture. No waiver will extend to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1 or impair any right relating to any other Potential Default with respect to Group 1 or Event of Default with respect to Group 1.

Appears in 1 contract

Sources: Indenture (Verizon Master Trust)