Calculation of Floating Interest. The Calculation Agent shall calculate the interest rates and amounts of interest payable in respect of any series of floating interest rate Securities issued under this Indenture at such dates and times and in accordance with such other terms and conditions as set forth on any Registered Security of such series. Unless otherwise instructed by the Issuer, the Calculation Agent will cause the interest rate, the number of days in, and the interest amount for, the relevant interest period and the interest payment date, in respect of each series of floating interest rate Securities to be notified to the Issuer and the Trustee, or through other reasonable means to make such information available, in order that such information will be published or notified to the Holders of record as soon as possible after their determination but in no event later than the third day of the relevant interest period. If the Securities become due and payable as described in Article 11 or pursuant to an acceleration upon an Event of Default other than on an interest payment date, the accrued interest payable, the interest rate, the number of days in the relevant interest period and the interest payment date in respect of such Securities shall nevertheless continue to be calculated and notified as previously in accordance with the foregoing provisions and this Indenture. All determinations and calculations made by the Calculation Agent, pursuant to the foregoing provisions will, in the absence of negligence, bad faith or manifest error, be binding on the Holders, the Issuer, the Trustee, the paying agent and the Calculation Agent. The interest rate payable on any series of floating interest rate Securities issued under this Indenture will not be higher than the maximum rate permitted by the law of the State of New York as modified by United States law of general application or by Japanese law and as notified to the Trustee, the Calculation Agent and the paying agent in writing five Business Days prior to any interest payment date, if applicable.”
Calculation of Floating Interest. The Fiscal and Paying Agent is hereby designated as calculation agent (in such capacity, the “Calculation Agent”) for the purpose of calculating the Commercial Paper Rate, the Fed Funds Rate, the Prime Rate, LIBOR, the Treasury Rate, the CD Rate and the CMT Rate all in accordance with the terms of the Floating Rate Notes. Such duties shall be “Additional Responsibilities” as defined in Section 3.5 hereof.
Calculation of Floating Interest. The Calculation Agent shall calculate the interest rates and amounts of interest payable in respect of the Floating Rate Notes at such dates and times and in accordance with such other terms and conditions as set forth on any Registered Security of such series. Unless otherwise instructed by the Company, the Calculation Agent will cause the interest rate, the number of days in, and the interest amount for, the relevant interest period and the interest payment date, in respect of each series of the Floating Rate Notes to be notified to the Company, the Fiscal Agent and Euroclear or Clearstream, as applicable, or through Euroclear or Clearstream, as applicable, or through other reasonable means to make such information available, in order that such information will be published or notified to the Holders of record as soon as possible after their determination but in no event later than the first day of the relevant interest period. If the Floating Rate Notes become due and payable as described in Article X or pursuant to an acceleration upon an Event of Default other than on an interest payment date, the accrued interest payable, the interest rate, the number of days in the relevant interest period and the interest payment date in respect of such Floating Rate Notes shall nevertheless continue to be calculated and notified as previously in accordance with the foregoing provisions and this Agreement. All determinations and calculations made by the Calculation Agent, and any quotations obtained from the relevant banks for the purposes of calculating the interest rate and interest amount, pursuant to the foregoing provisions will, in the absence of negligence, bad faith or manifest error, be binding on the Holders, the Company, the Fiscal Agent, the Paying Agent and the Calculation Agent. The interest rate payable on any Floating Rate Notes will not be higher than the maximum rate permitted by the law of the State of New York as modified by United States law of general application or by Japanese law and as notified to the Fiscal Agent and the paying agent in writing five Business Days prior to any interest payment date, if applicable.
