Common use of Calculation Agent; LIBOR Clause in Contracts

Calculation Agent; LIBOR. The Issuer hereby appoints the Indenture Trustee as calculation agent (the “Calculation Agent”) for purposes of determining LIBOR (as described in the definition of “LIBOR”) on each Benchmark Determination Date for the related Accrual Period so long as the Class A-2b Notes are Outstanding and the Benchmark is LIBOR. If the Benchmark is LIBOR, the Calculation Agent shall, as soon as possible after 11:00 a.m. (London time) on each Benchmark Determination Date, but in no event later than 11:00 a.m. (London time) on the Business Day immediately following each Benchmark Determination Date, calculate LIBOR for the related Accrual Period or, in consultation with the Servicer, select the banks described in the definition of “LIBOR” for the related Accrual Period and will communicate such rate or selection to the Issuer, the Servicer and the Indenture Trustee (if the Indenture Trustee is not acting as Calculation Agent). All determinations of LIBOR by the Calculation Agent, in the absence of manifest error, will be conclusive and binding on the Noteholders and Note Owners. After the occurrence of a Benchmark Transition Event, the “Calculation Agent” for determining the Benchmark shall be the Issuer or any other Person designated by the Issuer to act in such capacity.

Calculation Agent; LIBOR. The Issuer hereby appoints the Indenture Trustee as calculation agent (the “Calculation Agent”) for purposes of determining LIBOR (as described in the definition of “LIBOR”) on each Benchmark Determination Date for the related Accrual Period so long as the Class A-2b Notes are Outstanding and the Benchmark is LIBOR. If the Benchmark is LIBOR, the Calculation Agent shall, as soon as possible after 11:00 a.m. (London time) on each Benchmark Determination Date, but in no event later than 11:00 a.m. (London time) on the Business Day immediately following each Benchmark Determination Date, calculate LIBOR for the related Accrual Period or, in consultation with the Servicer, select the banks described in the definition of “"LIBOR” " for the related Accrual Period and will communicate such rate or selection to the Issuer, the Servicer and the Indenture Trustee (if the Indenture Trustee is not acting as Calculation Agent). All determinations of LIBOR by the Calculation Agent, in the absence of manifest error, will be conclusive and binding on the Noteholders and Note Owners. After the occurrence of a Benchmark Transition Event, the “"Calculation Agent” " for determining the Benchmark shall be the Issuer or any other Person designated by the Issuer to act in such capacity.