Calculation of LIBOR, the Class A Formula Rate and Class M Formula Rate. (a) Calculation of the Class A Formula Rate and Class M Formula Rate. On or prior to each LIBOR Determination Date, the Indenture Trustee shall determine the Class A Formula Rate and Class M Formula Rate for the related Payment Date.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (HFC Revolving Corp Household Home Equity Loan Trust 2003 2), Sale and Servicing Agreement (HFC Revolving Corp Household Home Equity Ln Tr 2003 1)
Calculation of LIBOR, the Class A Formula Rate and Class M Formula Rate. (a) Calculation of the Class A Formula Rate and Class M Formula Rate. On or prior to each LIBOR Determination Date, the Indenture Trustee Master Servicer shall determine the Class A Formula Rate and Class M Formula Rate for the related Payment DateDate based on the determination of LIBOR made by the Administrator as set forth in this Section 5.02.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (HFC Revolving Corp Household Home Equity Loan Trust 2004-1), Sale and Servicing Agreement (HSBC Home Equity Loan Trust 2005-1)
