Exhibit 99.3

 

 Monthly Investor Report: Verizon Master Trust - VZMT 2023-7

 

Collection Period   Payment Date   Transaction Month    Series Status at End of Prior Payment Date
February 2026   03/20/2026   28    Revolving

 

Offered Notes   Anticipated Redemption Date     Final Maturity Date     Issuance Note Balance     SOFR:Days in the Interest Period     Note Interest Rate     SOFR Adjustment Date     SOFR30A     Total  

Class A-1a

    11/20/26       11/20/2029       $434,610,000.00         5.67%           5.67

Class A-1b

    11/20/26       11/20/2029       $100,000,000.00       28       SOFR +0.95%       03/13/2026       3.67223%       4.62

Class B

    11/20/26       11/20/2029       $40,870,000.00         5.96%           5.96

Class C

    11/20/26       11/20/2029       $24,520,000.00         4.61%           4.61
     

 

 

           

Total

        $600,000,000.00            
     

 

 

           

 

Series 2023-7 Allocation % x Group One Available Funds

     $38,309,766.35   

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   

Any amounts deposited by the Class A Certificateholder in connection with an Optional Redemption

  

Total Available Funds

     $38,309,766.35   

 

Beginning of Period Reserve Account Balance

     $6,539,509.54   

Required Reserve Amount

     $6,539,509.54   

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

     $6,539,509.54   

 

 Waterfall Distribution    Amount Due      Amount Paid      Shortfall      Carryover Shortfall      Remaining Available Funds  

Master Collateral Agent Fee

     $43.30        $43.30        $0.00        $0.00           $38,309,723.05  

Owner Trustee Fee

     $0.00        $0.00        $0.00        $0.00           $38,309,723.05  

Asset Representations Reviewer Fee

     $27.23        $27.23        $0.00        $0.00           $38,309,695.82  

Supplemental ARR Fee

     $108.90        $108.90        $0.00        $0.00           $38,309,586.92  

Indenture Trustee Fee

     $1,250.00        $1,250.00        $0.00        $0.00                     $38,308,336.92  

Servicing Fee

     $468,859.98        $468,859.98        $0.00        $0.00           $37,839,476.94  

Class A-1a Note Interest

     $2,053,532.25        $2,053,532.25        $0.00        $0.00           $35,785,944.69  

Class A-1b Note Interest

     $359,506.78        $359,506.78        $0.00        $0.00           $35,426,437.91  

First Priority Principal Payment

     $0.00        $0.00        $0.00        $0.00           $35,426,437.91  

Class B Note Interest

     $202,987.67        $202,987.67        $0.00        $0.00           $35,223,450.24  

Second Priority Principal Payment

     $0.00        $0.00        $0.00        $0.00           $35,223,450.24  

Class C Note Interest

     $94,197.67        $94,197.67        $0.00        $0.00           $35,129,252.57  

Third Priority Principal Payment

     $0.00        $0.00        $0.00        $0.00           $35,129,252.57  

Reserve Account up to Required Reserve Amount

     $0.00        $0.00        $0.00        $0.00           $35,129,252.57  

Regular Priority Principal Payment

     $0.00        $0.00        $0.00        $0.00           $35,129,252.57  

Supplemental Successor Servicer Fee

     $0.00        $0.00        $0.00        $0.00           $35,129,252.57  

Additional Interest Amounts

     $0.00        $0.00        $0.00        $0.00           $35,129,252.57  

Make-Whole Payments

     $0.00        $0.00        $0.00        $0.00           $35,129,252.57  

Additional Fees and Expenses

     $0.00        $0.00        $0.00        $0.00           $35,129,252.57  

Additional Trust Expenses

     $0.00        $0.00        $0.00        $0.00           $35,129,252.57  

Class R Interest

     $35,129,252.57        $35,129,252.57        $0.00        $0.00           $0.00  
  

 

 

    

 

 

    

 

 

    

 

 

       

 

 

 

Total

     $38,309,766.35        $38,309,766.35        $0.00        $0.00        
  

 

 

    

 

 

    

 

 

    

 

 

       

 

 

 

Total Priority Principal Payments and Additional Interest Amounts

 

           $0.00  

 

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

Class A-1a

     $0.00          $0.00          $2,053,532.25          $0.00          $0.00          $2,053,532.25  

Class A-1b

     $0.00          $0.00          $359,506.78          $0.00          $0.00          $359,506.78  

Class B

     $0.00          $0.00          $202,987.67          $0.00          $0.00          $202,987.67  

Class C

     $0.00          $0.00          $94,197.67          $0.00          $0.00          $94,197.67  
  

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

 

Total

     $0.00          $0.00          $2,710,224.37          $0.00          $0.00          $2,710,224.37  
  

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

 

 

     Note Balance
per $1,000 of Notes
    

Payment per $1,000 of Notes

 

    

As of Prior Payment Date

 

    

Current Payment Date

 

 
 Noteholder Payments    Interest Payment      Make-Whole Payment      Total Payment      Balance      Note Pool Factor      Balance      Note Pool Factor  

Class A-1a

     $1,000.00        $4.73        $0.00        $4.73        $434,610,000.00        1.00        $434,610,000.00        1.00  

Class A-1b

     $1,000.00        $3.60        $0.00        $3.60        $100,000,000.00        1.00        $100,000,000.00        1.00  

Class B

     $1,000.00        $4.97        $0.00        $4.97        $40,870,000.00        1.00        $40,870,000.00        1.00  

Class C

     $1,000.00        $3.84        $0.00        $3.84        $24,520,000.00        1.00        $24,520,000.00        1.00  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

     $1,000.00        $4.52        $0.00        $4.52        $600,000,000.00        1.00        $600,000,000.00        1.00  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

     Beginning Period             Add: Deposit             Ending Period          

Principal Funding Account Limit

     $300,000,000.00                 300,000,000.00      

Principal Funding Account balance

     $0.00                    $0.00                    $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.

 

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