Benchmark Determination. If the Benchmark is SOFR, on each SOFR Determination Date, the Calculation Agent will notify the Servicer, the Issuer and the Administrator by email of SOFR for the related Interest Period. If the Benchmark is any rate other than SOFR, on each Benchmark Determination Date, the Issuer will notify the Servicer and the Indenture Trustee by email of the Benchmark for the related Interest Period. All determinations of the Benchmark by the Calculation Agent or the Issuer, as applicable, in the absence of manifest error, will be conclusive and binding on the Noteholders.
Benchmark Determination. (a) On each SOFR Adjustment Date, the Administrator shall determine the SOFR Rate in accordance with the definition thereof and shall send to the Servicer by email transmission notification of the SOFR Rate for the Interest Accrual Period. The Servicer shall include the SOFR Rate for the Interest Accrual Period in the Servicer Certificate. All determinations of the SOFR Rate, in the absence of manifest error, shall be conclusive and binding on the Noteholders.
Benchmark Determination. If the Benchmark is LIBOR, on each Benchmark Determination Date, the Calculation Agent will notify the Servicer and the Issuer by email of the Benchmark for the related Interest Period. If the Benchmark is any rate other than LIBOR, on each Benchmark Determination Date, the Servicer will notify the Trust Collateral Agent by email of the Benchmark for the related Interest Period. All determinations of the Benchmark by the Calculation Agent or the Servicer, as applicable, in the absence of manifest error, will be conclusive and binding on the Noteholders.
Benchmark Determination. (a) If the Benchmark is One-Month LIBOR, on each LIBOR Determination Date, One-Month LIBOR shall be determined in accordance with the procedures set forth in such definition on Appendix A to the Sale and Servicing Agreement. If the Benchmark is any rate other than One-Month LIBOR, on each Benchmark Determination Date, the Issuing Entity will notify the Servicer and the Indenture Trustee in writing (including by email) of the Benchmark for the related Interest Accrual Period. All determinations of the Benchmark by the Issuing Entity, in the absence of manifest error, will be conclusive and binding on the Noteholders.
Benchmark Determination. 2.5.1 Prior to the occurrence of a Benchmark Transition Event and related Benchmark Replacement Date with respect to three month LIBOR, the Benchmark will be LIBOR. If the Trust or its designee determines that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any determination of the Benchmark on any date, the Benchmark Replacement will replace the then-current Benchmark for all purposes relating to the TCPL Sub-Notes — Series 2019-A in respect of such determination on such date and all determinations on all subsequent dates.
Benchmark Determination. 2.5.1 Prior to the occurrence of a Benchmark Transition Event and related Benchmark Replacement Date with respect to three-month LIBOR, the Benchmark will be LIBOR, and, on each Interest Reset Date, the Trustee, as calculation agent, will notify the Issuer by email of the Benchmark for the related Interest Period. If the Benchmark is any rate other than three-month LIBOR, on each Interest Reset Date, the Issuer will notify the Trustee by email of the Benchmark for the related Interest Period. For the purposes of this Section 2.5.1, and notwithstanding anything to the contrary in Article 10 of the Original Indenture, notice shall be valid and effective if given to the Issuer by email at xxxxxxx_xxxxxxxxxx@xxxxxxxxxxx.xxx or to the Trustee by email at xxxxxxxxxxxxxxxxxxxxxx@xxxxxxxxxxxx.xxx, and in each case shall be deemed to have been given on the date and at the time of its having been sent by email, and each of the Trustee and the Issuer may, from time to time, change its email address for notice under this Section 2.5.1 by delivering notice thereof to the other party in the manner provided by this Section 2.5.1 or in the manner provided by Article 10 of the Original Indenture.
Benchmark Determination. (a) The Administrator (on behalf of the Issuing Entity) will notify the Servicer and the Indenture Trustee in writing (including by email) of the Benchmark for the related Interest Accrual Period. All determinations of the Benchmark by the Administrator (on behalf of the Issuing Entity), in the absence of manifest error, will be conclusive and binding on the Noteholders.
