Common use of Optional Redemption of Notes Clause in Contracts

Optional Redemption of Notes. If permitted under the terms of the Indenture for any Indenture Series, on and after the date set forth in such Indenture for the related Indenture Series, the Class A Certificateholder, with the consent of the Administrator, on behalf of the Trust, shall have the option to redeem the Notes of such Indenture Series, in whole but not in part, pursuant to and in accordance with the terms set forth in the applicable Indenture.

Appears in 5 contracts

Sources: Trust Agreement (Verizon Master Trust), Master Collateral Agency and Intercreditor Agreement (Verizon Master Trust), Trust Agreement (Verizon Master Trust)