Common use of Calculation of Interest Rate and Interest Rate Bases Clause in Contracts

Calculation of Interest Rate and Interest Rate Bases. Unless otherwise provided in any individual issue of Floating Rate Notes, the “Calculation Date” for each applicable Interest Determination Date for any Note shall be the earlier of (i) the tenth calendar day after such Interest Determination Date or (ii) the Market Day immediately preceding the applicable Interest Payment Date or Maturity, as the case may be. The relevant Calculation Agent shall notify Canada and, in respect of Domestic Notes, the Domestic Registrar (as defined in the Fiscal Agency Agreement) and, in respect of International Notes, the International Registrar (as defined in the Fiscal Agency Agreement), in each case of the applicable Interest Rate Basis or Bases and the resulting interest rate with respect to such Floating Rate Notes on such Calculation Date. The relevant Calculation Agent will, upon the request of any holder of any Floating Rate Note, provide the interest rate then in effect with respect to such Floating Rate Note and, if determined, the interest rate with respect to such Floating Rate Note which will become effective as a result of a determination made on the most recent Interest Reset Date with respect to such Floating Rate Note. If at any time the relevant Calculation Agent is not also acting as a Registrar under the Fiscal Agency Agreement, Canada shall, upon the issuance of each Floating Rate Note having a different Interest Rate Basis or Bases or different Interest Determination Dates than the Interest Rate Basis or Bases or Interest Determination Dates for any previously issued and outstanding Floating Rate Notes, notify the Calculation Agent in writing of the Interest Determination Dates and Interest Rate Basis or Bases for such Floating Rate Note. If at any time a portion of an International Global Note is exchanged for an interest in one or more DTC Global Notes (as defined in the Fiscal Agency Agreement), the International Calculation Agent shall continue to act as relevant Calculation Agent for all such Notes and shall notify the Domestic Registrar of the applicable Interest Rate Basis or Bases and the resulting Interest Rate with respect to such Floating Rate Notes on each Calculation Date.

Calculation of Interest Rate and Interest Rate Bases. Unless otherwise provided in any individual issue of Floating Rate Notes, the “Calculation Date” for each applicable in respect of any Interest Determination Date for any Floating Rate Note shall be the earlier of of: (i) the tenth calendar day after such Interest Determination Date or Date, or, if such day is not a Business Day, the next following Business Day and (ii) the Market Business Day immediately preceding the applicable Interest Payment Date or MaturityStated Maturity Date, as the case may be; provided, that if the Interest Rate Basis is LIBOR, the Calculation Date shall be the LIBOR Interest Determination Date. The relevant interest rate as of any Interest Determination Date with respect to any issue of Floating Rate Notes will become effective as a result of a determination made by the Calculation Agent, made by reference to the terms of the executed Note (in global or definitive form) representing the applicable Floating Rate Notes, as delivered by the Issuer to the Calculation Agent from time to time. The Calculation Agent shall notify Canada and, in respect of Domestic Notes, the Domestic Registrar (as defined in Issuer and the Fiscal Agency Agreement) and, in respect of International Notes, the International Registrar (as defined in the Fiscal Agency Agreement), in each case Agent of the applicable Interest Rate Basis or Bases and the resulting interest rate with respect to such Floating Rate Notes promptly after determination is made on such Calculation Date. The relevant Calculation Agent will, upon the written request of any holder of any Floating Rate Note, provide the interest rate then in effect with respect to such Floating Rate Note and, if determined, the interest rate with respect to such Floating Rate Note which that will become effective as a result of a determination made on for the most recent next Interest Reset Date with respect to such Floating Rate Note. If at any time the relevant Calculation Agent is not also acting as a Registrar Fiscal Agent under the Fiscal Agency Agreement, Canada the Issuer shall, upon the issuance of each Floating Rate Note having a different Interest Rate Basis or Bases or different Interest Determination Dates than the Interest Rate Basis or Bases or Interest Determination Dates for any previously issued and outstanding Floating Rate NotesNote, promptly notify the Calculation Agent in writing of the Interest Determination Dates and Interest Rate Basis or Bases for such Floating Rate Note. If at any time a portion of an International Global Note is exchanged for an interest in one or more DTC Global Notes (as defined in the Fiscal Agency Agreement), the International Calculation Agent shall continue to act as relevant Calculation Agent for all such Notes and shall notify the Domestic Registrar of the applicable Interest Rate Basis or Bases and the resulting Interest Rate with respect to such Floating Rate Notes on each Calculation Date.