Calculation of the Investor Certificate Rate. On the second LIBOR Business Day immediately preceding each Distribution Date, the Trustee shall determine LIBOR for the Interest Period commencing on such Distribution Date and inform the Servicer (at the facsimile number given to the Trustee in writing) of such rates. On each Determination Date, the Trustee shall determine the applicable Investor Certificate Rate for the related Distribution Date.
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Samples: Pooling and Servicing Agreement (Banc One Abs Corp), Pooling and Servicing Agreement (Banc One Abs Corp)
Calculation of the Investor Certificate Rate. On the [second LIBOR Business Day immediately preceding each Distribution Date, the Trustee shall determine LIBOR LIBOR] for the Interest Period commencing on such Distribution Date and inform the Master Servicer (at the facsimile number given to the Trustee in writing) of such rates. On each Determination Date, the Trustee shall determine the applicable Investor Certificate Rate for the related Distribution Date.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Cwabs Inc), Pooling and Servicing Agreement (Cwabs Inc)
Calculation of the Investor Certificate Rate. On the second LIBOR Business Day immediately preceding each Distribution Date (or, in the case of the first Interest Period, on the second LIBOR Business Day immediately preceding the Closing Date), the Trustee shall determine LIBOR for the Interest Period commencing on such Distribution Date and shall inform the Servicer (at the facsimile number given to the Trustee in writing) of such rates. On each Determination Date, the Trustee shall determine the applicable Investor Certificate Rate for the related Distribution Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc One Abs Corp)
Calculation of the Investor Certificate Rate. On the second -------------------------------------------- LIBOR Business Day immediately preceding each Distribution Date, the Trustee shall determine LIBOR for the Interest Period commencing on such Distribution Date and inform the Master Servicer (at the facsimile number given to the Trustee in writing) of such rates. On each Determination Date, the Trustee shall determine the applicable Investor Certificate Rate for each Class of Investor Certificates on the related Distribution Date.
Appears in 1 contract
