EX-99.2 3 d873618dex992.htm EX-99.2 EX-99.2

Exhibit 99.2

Verizon Master Trust - VZMT 2022-4

Monthly Investor Report

 

 

Group Name             

   

 

One  

 

 

 

Series Name      2022-4   
Collection Period      February 2025   
Payment Date      03/20/2025   
Transaction Month      34   
Anticipated Redemption Date      05/20/2025   
Series Status at End of Prior Payment Date      Revolving   

 

Offered Notes

    Issuance Note      Note Interest Rate     Final Maturity Date  

Class A

    $ 488,200,000.00        3.40 %      11/20/2028  

Class B

    $ 42,100,000.00        3.64 %      11/20/2028  

Class C

    $ 19,700,000.00        3.89 %      11/20/2028  
  

 

 

       

Total

    $ 550,000,000.00       
  

 

 

       

 

 

 

Series 2022-4 Available Funds and other sources of funds

   

Series 2022-4 Allocation Percentage x Group One Available Funds

    $ 35,122,995.78  

Amounts paid by the Cap Counterparty

      N/A  

Available Subordinated Amounts

    $ 0.00  

Amounts drawn on the Reserve Account

    $ 0.00  

Amounts released from Principal Funding Account

    $ 0.00  

Total Available Funds

    $ 35,122,995.78  

Reserve Account Calculation

   

Beginning of Period Reserve Account Balance

    $ 6,027,397.26  

Required Reserve Amount

    $ 6,027,397.26  

Shortfall in Required Reserve Amount

    $ 0.00  

Reserve Account funds needed this period (True/False)

      FALSE  

Reserve Account draw amount required

      0.00  

Reserve Account Deposit Amount

    $ 0.00  

End of Period Reserve Account Balance

    $ 6,027,397.26  

 

Page 1 of 4

Verizon Master Trust - VZMT 2022-4

Monthly Investor Report

 

 

Group Name             

   

 

One  

 

 

Distribution

    Amount Due      Amount Paid      Shortfall      Carryover
Shortfall		      Remaining
Available Funds		  

Master Collateral Agent Fee

    $ 40.37      $ 40.37      $ 0.00      $ 0.00      $ 35,122,955.41  

Indenture Trustee Fee

    $ 1,250.00      $ 1,250.00      $ 0.00      $ 0.00      $ 35,121,705.41  

Owner Trustee Fee

    $ 0.00      $ 0.00      $ 0.00      $ 0.00      $ 35,121,705.41  

Asset Representations Reviewer Fee

    $ 21.16      $ 21.16      $ 0.00      $ 0.00      $ 35,121,684.25  

Servicing Fee

    $ 416,187.76      $ 416,187.76      $ 0.00      $ 0.00      $ 34,705,496.49  

Class A Note Interest

    $ 1,383,233.33      $ 1,383,233.33      $ 0.00      $ 0.00      $ 33,322,263.16  

First Priority Principal Payment

    $ 0.00      $ 0.00      $ 0.00      $ 0.00      $ 33,322,263.16  

Class B Note Interest

    $ 127,703.33      $ 127,703.33      $ 0.00      $ 0.00      $ 33,194,559.83  

Second Priority Principal Payment

    $ 0.00      $ 0.00      $ 0.00      $ 0.00      $ 33,194,559.83  

Class C Note Interest

    $ 63,860.83      $ 63,860.83      $ 0.00      $ 0.00      $ 33,130,699.00  

Third Priority Principal Payment

    $ 0.00      $ 0.00      $ 0.00      $ 0.00      $ 33,130,699.00  

Reserve Account up to Required Reserve Amount

    $ 0.00      $ 0.00      $ 0.00      $ 0.00      $ 33,130,699.00  

Regular Priority Principal Payment

    $ 0.00      $ 0.00      $ 0.00      $ 0.00      $ 33,130,699.00  

Supplemental Successor Servicer Fee

    $ 0.00      $ 0.00      $ 0.00      $ 0.00      $ 33,130,699.00  

Additional Interest Amounts

    $ 0.00      $ 0.00      $ 0.00      $ 0.00      $ 33,130,699.00  

Make-Whole Payments

    $ 0.00      $ 0.00      $ 0.00      $ 0.00      $ 33,130,699.00  

Additional Fees and Expenses

    $ 0.00      $ 0.00      $ 0.00      $ 0.00      $ 33,130,699.00  

Additional Trust Expenses

    $ 0.00      $ 0.00      $ 0.00      $ 0.00      $ 33,130,699.00  

Class R Interest

    $ 33,130,699.00      $ 33,130,699.00      $ 0.00      $ 0.00      $ 0.00  
  

 

 

     

 

 

     

 

 

        

Total

    $ 35,122,995.78      $ 35,122,995.78      $ 0.00        
  

 

 

     

 

 

     

 

 

        

 

Principal Payment:

   

First Priority Principal Payment

    $ 0.00  

Second Priority Principal Payment

    $ 0.00  

Third Priority Principal Payment

    $ 0.00  

Regular Principal Payment

    $ 0.00  

Accelerated Note Balances

    $ 0.00  
  

 

 

  

Total

    $ 0.00  
  

 

 

  

 

 

 

Page 2 of 4

Verizon Master Trust - VZMT 2022-4

Monthly Investor Report

 

 

Group Name             

   

 

One  

 

 

Noteholder Payments

    Note Balance      PFA Account      Interest Payment      Add’l Interest      Make-Whole      Total Payment  

Class A

    $ 0.00      $ 0.00      $ 1,383,233.33      $ 0.00      $ 0.00      $ 1,383,233.33  

Class B

    $ 0.00      $ 0.00      $ 127,703.33      $ 0.00      $ 0.00      $ 127,703.33  

Class C

    $ 0.00      $ 0.00      $ 63,860.83      $ 0.00      $ 0.00      $ 63,860.83  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 0.00      $ 0.00      $ 1,574,797.49      $ 0.00      $ 0.00      $ 1,574,797.49  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

 

 

     Note Balance
per $1,000 of Notes		      Interest Payment per
$1,000 of Notes		      Make-Whole Payment
per $1,000 of Notes		      Total Payment per
$1,000 of Notes		  

Class A

    $ 1,000.00      $ 2.83      $ 0.00      $ 2.83  

Class B

    $ 1,000.00      $ 3.03      $ 0.00      $ 3.03  

Class C

    $ 1,000.00      $ 3.24      $ 0.00      $ 3.24  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 1,000.00      $ 2.86      $ 0.00      $ 2.86  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

 

 

     As of prior Payment Date      As of current Payment Date  
     Balance      Note Pool Factor      Balance      Note Pool Factor  

Class A

    $ 488,200,000.00        1.00      $ 488,200,000.00        1.00  

Class B

    $ 42,100,000.00        1.00      $ 42,100,000.00        1.00  

Class C

    $ 19,700,000.00        1.00      $ 19,700,000.00        1.00  
  

 

 

        

 

 

     

Total

    $ 550,000,000.00        1.00      $ 550,000,000.00        1.00  
  

 

 

        

 

 

     

 

Principal Funding Account

   

Beginning Principal Funding Account Limit

    $ 275,000,000.00  

Ending Principal Funding Account Limit

    $ 275,000,000.00  

Beginning of period Principal Funding Account balance

    $ 0.00  

Add: Deposit to Principal Funding Account

    $ 0.00  

End of period Principal Funding Account Balance

    $ 0.00  

 

Page 3 of 4

Verizon Master Trust - VZMT 2022-4

Monthly Investor Report

 

 

Group Name             

   

 

One  

 

 

 

Note: Information regarding Amortization Event Tests and Excess Concentration Amounts can be found on the Verizon Master Trust report filed as Exhibit 99.1 to this Form 10-D.

EU/UK Risk Retention Disclosure

The Servicer is authorized by the Originators to confirm and hereby confirms that the Originators continue to hold the EU/UK Retained Interest in accordance with the terms of the EU/UK Risk Retention Agreement dated May 25, 2022 and executed in connection with Series 2022-4. Capitalized terms used herein have the meaning given to them in the EU/UK Risk Retention Agreement.

 

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