Common use of Calculation Agent Benchmark Determination Clause in Contracts

Calculation Agent Benchmark Determination. (a) The Issuer agrees that for so long as the Class A-2-B Notes are Outstanding and the Benchmark is LIBOR, there will be an agent appointed to calculate LIBOR for each Interest Period (the “Calculation Agent”). The Issuer appoints the Trust Collateral Agent as Calculation Agent only for the purposes of determining LIBOR for each Interest Period and the Trust Collateral Agent hereby accepts such appointment. The Calculation Agent may be removed by the Issuer at any time. If the Calculation Agent is unable or unwilling to act as Calculation Agent or is removed by the Issuer, the Issuer will promptly appoint as a replacement Calculation Agent a leading bank engaged in transactions in Eurodollar deposits in the international Eurodollar market and not an Affiliate of the Issuer or its Affiliates. The Calculation Agent may not resign without a replacement having been duly appointed.

Calculation Agent Benchmark Determination. (a) The Issuer agrees that for so long as there is an Outstanding Amount on the Class A-2-B A-2b Notes are Outstanding and the Benchmark is LIBOR, there will shall be an agent appointed to calculate LIBOR for each Interest Period (the “Calculation Agent”). The Issuer appoints the Trust Collateral Agent Indenture Trustee as Calculation Agent only for the purposes of determining LIBOR for each Interest Period and the Trust Collateral Agent Indenture Trustee hereby accepts such appointment. The Calculation Agent may be removed by the Issuer at any time. If the Calculation Agent is unable or unwilling to act as Calculation Agent or is removed by the Issuer, the Issuer will shall promptly appoint as a replacement Calculation Agent a leading bank engaged in transactions in Eurodollar deposits in the international Eurodollar market and not an Affiliate of the Issuer or its Affiliates. The Calculation Agent may not resign without a replacement having been duly appointed.