SERIES 2026-2 ACCOUNT CONTROL AGREEMENT
Verizon ABS II LLC
Execution Version
SERIES 2026-2 ACCOUNT CONTROL AGREEMENT
among
VERIZON MASTER TRUST, as Grantor
U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Secured Party
and
U.S. BANK NATIONAL ASSOCIATION, as Financial Institution
Dated as of June 30, 2026
TABLE OF CONTENTS
Page
ARTICLE I USAGE AND DEFINITIONS
1
Section 1.1
Usage and Definitions
1
ARTICLE II ESTABLISHMENT OF COLLATERAL ACCOUNTS
1
Section 2.1
Description of Accounts
1
Section 2.2
Account Changes
2
Section 2.3
Account Types
2
Section 2.4
Securities Accounts
2
Section 2.5
“Financial Assets” Election
3
ARTICLE III SECURED PARTY CONTROL
3
Section 3.1
Control of Collateral Accounts
3
Section 3.2
Investment Instructions
3
Section 3.3
Conflicting Orders or Instructions
3
ARTICLE IV SUBORDINATION OF LIEN; WAIVER OF SET-OFF
4
Section 4.1
Subordination of Lien; Waiver of Set-Off
4
ARTICLE V REPRESENTATIONS, WARRANTIES AND COVENANTS
4
Section 5.1
Financial Institution’s Representations and Warranties
…