Common use of Calculation of LIBOR Clause in Contracts

Calculation of LIBOR. (a) With respect to the Floating Rate Classes, the initial value of LIBOR shall be 5.32% per annum. Such initial value of LIBOR shall be utilized in calculating (i) the respective Floating Rate II Swap Payments to be made under the various Swap Agreements in August 2007 and (ii) the respective Pass-Through Rates with respect to the Floating Rate Classes for the Distribution Date in August 2007.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (LB Commercial Mortgage Trust 2007-C3), Pooling and Servicing Agreement (LB Commercial Mortgage Trust 2007-C3)

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Calculation of LIBOR. (a) With respect to the each Class of Floating Rate ClassesCertificates, the initial value of LIBOR shall be 5.32% per annum. Such initial value of LIBOR shall be utilized in calculating (i) the respective subject Floating Rate II Swap Payments Payment to be made under on the various related Swap Agreements Payment Date in August 2007 and (ii) the respective Pass-Through Rates Rate with respect to the each Class of Floating Rate Classes Certificates for the Distribution Date in August 2007.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citigroup Commercial Mortgage Trust 2007-C6)

Calculation of LIBOR. (a) With respect to the Floating Rate Classes, the The initial value of LIBOR shall be 5.325.32000% per annum. Such initial value of LIBOR shall be utilized in calculating (i) the respective Class A-MFL Floating Rate II Swap Payments Payment to be made under on the various Class A-MFL Swap Agreements Payment Date in August April 2007 and (ii) the respective Pass-Through Rates Rate with respect to the Floating Rate Classes Class A-MFL Certificates for the Distribution Date in August April 2007.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (CD 2007-Cd4 Commercial Mortgage Trust)

Calculation of LIBOR. (a) With respect to the Floating Rate ClassesClass A-2FL Certificates, the initial value of LIBOR shall be 5.322.88125% per annum. Such initial value of LIBOR shall be utilized in calculating (i) the respective Class A-2FL Floating Rate II Swap Payments Payment to be made under the various Class A-2FL Swap Agreements Agreement in August 2007 May 2008, and (ii) the respective Pass-Through Rates Rate with respect to the Floating Rate Classes Class A-2FL Certificates for the Distribution Date in August 2007May 2008.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (LB-UBS Commercial Mortgage Trust 2008-C1)

Calculation of LIBOR. (a) With respect to the Floating Rate Classes, the The initial value of LIBOR shall be 5.32______% per annum. Such initial value of LIBOR shall be utilized in calculating (i) the respective Class A-2FL Floating Rate II Swap Payments Payment to be made under on the various Class A-2FL Swap Agreements Payment Date in August 2007 ___________ 200_ and (ii) the respective Pass-Through Rates Rate with respect to the Floating Rate Classes Class A-2FL Certificates for the Distribution Date in August 2007___________ 200_.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citigroup Commercial Mortgage Securities Inc)

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Calculation of LIBOR. (a) With respect to the Floating Rate Classes, the The initial value of LIBOR shall be 5.324.37875% per annum. Such initial value of LIBOR shall be utilized in calculating calculating, with respect to the Class A-3FL Certificates, (i) the respective Class A-3FL Floating Rate II Swap Payments Payment to be made under on the various Class A-3FL Swap Agreements Payment Date in August 2007 January 2006 and (ii) the respective Pass-Through Rates Rate with respect to the Floating Rate Classes Class A-3FL Certificates for the Distribution Date in August 2007January 2006.

Appears in 1 contract

Samples: Sub Servicing Agreement (Merrill Lynch Mortgage Trust 2005-Lc1)

Calculation of LIBOR. (a) With respect to the Floating Rate Classes, the initial value of LIBOR shall be 5.325.5075% per annum. Such initial value of LIBOR shall be utilized in calculating (i) the respective Class A-2FL Floating Rate II Swap Payments Payment to be made under the various Class A-2FL Swap Agreements Agreement in August September 2007, (ii) the Class A-MFL Floating Rate II Swap Payment to be made under the Class A-MFL Swap Agreement in September 2007 and (iiiii) the respective Pass-Through Rates with respect to the Floating Rate Classes for the Distribution Date in August September 2007.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (LB-UBS Commercial Mortgage Trust 2007-C6)

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