EX-99.3 4 d873618dex993.htm EX-99.3 EX-99.3

Exhibit 99.3

Verizon Master Trust - VZMT 2022-6

Monthly Investor Report

 

 

Group Name             

   

 

One  

 

 

Series Name      2022-6   
Collection Period      February 2025   
Payment Date      03/20/2025   
Transaction Month      31   
Anticipated Redemption Date      07/21/2025   
Series Status at End of Prior Payment Date      Revolving   

 

Offered Notes

    Issuance Note      Note Interest Rate     Final Maturity Date  

Class A

    $ 479,240,000.00        3.67 %      01/22/2029  

Class B

    $ 41,430,000.00        3.91 %      01/22/2029  

Class C

    $ 19,250,000.00        4.16 %      01/22/2029  
  

 

 

       

Total

    $ 539,920,000.00       
  

 

 

       

 

 

 

Series 2022-6 Available Funds and other sources of funds   

Series 2022-6 Allocation Percentage x Group One Available Funds

    $ 34,574,271.47  

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

    $ 34,574,271.47  

Reserve Account Calculation

   

Beginning of Period Reserve Account Balance

    $ 5,916,931.51  

Required Reserve Amount

    $ 5,916,931.51  

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

    $ 5,916,931.51  

 

Page 1 of 4

Verizon Master Trust - VZMT 2022-6

Monthly Investor Report

 

 

Group Name             

   

 

One  

 

 

Distribution

    Amount Due      Amount Paid      Shortfall      Carryover
Shortfall		      Remaining
Available Funds		  

Master Collateral Agent Fee

    $ 39.74      $ 39.74      $ 0.00      $ 0.00      $ 34,574,231.73  

Indenture Trustee Fee

    $ 1,250.00      $ 1,250.00      $ 0.00      $ 0.00      $ 34,572,981.73  

Owner Trustee Fee

    $ 0.00      $ 0.00      $ 0.00      $ 0.00      $ 34,572,981.73  

Asset Representations Reviewer Fee

    $ 20.83      $ 20.83      $ 0.00      $ 0.00      $ 34,572,960.90  

Supplemental ARR Fee

    $ 87.76      $ 87.76      $ 0.00      $ 0.00      $ 34,572,873.14  

Servicing Fee

    $ 409,685.68      $ 409,685.68      $ 0.00      $ 0.00      $ 34,163,187.46  

Class A Note Interest

    $ 1,465,675.67      $ 1,465,675.67      $ 0.00      $ 0.00      $ 32,697,511.79  

First Priority Principal Payment

    $ 0.00      $ 0.00      $ 0.00      $ 0.00      $ 32,697,511.79  

Class B Note Interest

    $ 134,992.75      $ 134,992.75      $ 0.00      $ 0.00      $ 32,562,519.04  

Second Priority Principal Payment

    $ 0.00      $ 0.00      $ 0.00      $ 0.00      $ 32,562,519.04  

Class C Note Interest

    $ 66,733.33      $ 66,733.33      $ 0.00      $ 0.00      $ 32,495,785.71  

Third Priority Principal Payment

    $ 0.00      $ 0.00      $ 0.00      $ 0.00      $ 32,495,785.71  

Reserve Account up to Required Reserve Amount

    $ 0.00      $ 0.00      $ 0.00      $ 0.00      $ 32,495,785.71  

Regular Priority Principal Payment

    $ 0.00      $ 0.00      $ 0.00      $ 0.00      $ 32,495,785.71  

Supplemental Successor Servicer Fee

    $ 0.00      $ 0.00      $ 0.00      $ 0.00      $ 32,495,785.71  

Additional Interest Amounts

    $ 0.00      $ 0.00      $ 0.00      $ 0.00      $ 32,495,785.71  

Make-Whole Payments

    $ 0.00      $ 0.00      $ 0.00      $ 0.00      $ 32,495,785.71  

Additional Fees and Expenses

    $ 0.00      $ 0.00      $ 0.00      $ 0.00      $ 32,495,785.71  

Additional Trust Expenses

    $ 0.00      $ 0.00      $ 0.00      $ 0.00      $ 32,495,785.71  

Class R Interest

    $ 32,495,785.71      $ 32,495,785.71      $ 0.00      $ 0.00      $ 0.00  
  

 

 

     

 

 

     

 

 

        

Total

    $ 34,574,271.47      $ 34,574,271.47      $ 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 2022-6

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      $ 1,465,675.67      $ 0.00      $ 0.00      $ 1,465,675.67  

Class B

    $ 0.00      $ 0.00      $ 134,992.75      $ 0.00      $ 0.00      $ 134,992.75  

Class C

    $ 0.00      $ 0.00      $ 66,733.33      $ 0.00      $ 0.00      $ 66,733.33  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 0.00      $ 0.00      $ 1,667,401.75      $ 0.00      $ 0.00      $ 1,667,401.75  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

 

 

     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      $ 3.06      $ 0.00      $ 3.06  

Class B

    $ 1,000.00      $ 3.26      $ 0.00      $ 3.26  

Class C

    $ 1,000.00      $ 3.47      $ 0.00      $ 3.47  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 1,000.00      $ 3.09      $ 0.00      $ 3.09  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

 

 

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

Class A

    $ 479,240,000.00        1.00      $ 479,240,000.00        1.00  

Class B

    $ 41,430,000.00        1.00      $ 41,430,000.00        1.00  

Class C

    $ 19,250,000.00        1.00      $ 19,250,000.00        1.00  
  

 

 

        

 

 

     

Total

    $ 539,920,000.00        1.00      $ 539,920,000.00        1.00  
  

 

 

        

 

 

     

 

 

 

Page 3 of 4

Verizon Master Trust - VZMT 2022-6

Monthly Investor Report

 

 

Group Name             

   

 

One  

 

 

Principal Funding Account

 

Beginning Principal Funding Account Limit

    $ 269,960,000.00  

Ending Principal Funding Account Limit

    $ 269,960,000.00  

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  

 

 

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 August 11, 2022 and executed in connection with Series 2022-6. Capitalized terms used herein have the meaning given to them in the EU/UK Risk Retention Agreement.

 

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