Calculation of One-Month LIBOR. Until the Certificate Principal Balance of each Class of Floating Rate Certificates has been reduced to zero, the Administrator shall establish One-Month LIBOR on each LIBOR Determination Date as follows:
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (HSBC Home Equity Loan Trust (USA) 2006-3), Pooling and Servicing Agreement (HSBC Home Equity Loan Trust (USA) 2006-4), Pooling and Servicing Agreement (HSBC Home Equity Loan Trust (USA) 2007-1)
Calculation of One-Month LIBOR. Until the Certificate Principal Balance of each Class of Floating Rate Offered Certificates has been reduced to zero, the Administrator shall establish One-Month LIBOR on each LIBOR Determination Date as follows:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (HSBC Home Equity Loan Trust (USA) 2007-3)
