Common use of Calculation of Value Clause in Contracts

Calculation of Value. (A) For purposes of the calculation of “Value”, the term “applicable Valuation Percentage” shall mean (i) as long as a Moody’s First Trigger Event has occurred and is continuing for 30 days the valuation percentage set forth for the applicable collateral item in Paragraph 13(b)(iv) under the heading “Valuation Percentage for Moody’s First Trigger Credit Support Amount” (“Moody’s First Trigger Valuation Percentage”); (ii) as long as a Moody’s Second Trigger Event has occurred and is continuing for 30 days the valuation percentage set forth for the applicable collateral item in Paragraph 13(b)(iv) under the heading “Valuation Percentage for Moody’s Second Trigger Credit Support Amount” (“Moody’s Second Trigger Valuation Percentage”); (iii) as long as an S&P Collateralization Event has occurred and is continuing for ten Local Business Days the valuation percentage set forth for the applicable collateral item in Paragraph 13(b)(iv) under the heading “Valuation Percentage for S&P First Trigger Credit Support Amount” (“S&P First Trigger Valuation Percentage”); (iv) as long as an S&P Substitution Event has occurred and is continuing for ten Local Business Days the valuation percentage set forth for the applicable collateral item in Paragraph 13(b)(iv) under the heading “Valuation Percentage for S&P Second Trigger Credit Support Amount” (“S&P Second Trigger Valuation Percentage”) and (v) as long as a Fitch Downgrade has occurred and is continuing for 30 days the valuation percentage set forth for the applicable collateral item in Paragraph 13(b)(iv) under the heading “Fitch’s Advance Rates” (“Fitch Valuation Percentage”).

Calculation of Value. (A) For purposes of the calculation of “Value”, the term “applicable Valuation Percentage” shall mean mean (iA) as long as an S&P Collateralization Event has occurred and is continuing (x) for 10 Local Business Days or (y) since this Credit Support Annex was executed, and no S&P Ratings Event has occurred and been continuing the valuation percentage set forth for the applicable collateral item in Paragraph 13(b)(ii) under the heading “Valuation Percentage for S&P Collateralization Event” (“S&P Collateralization Event Valuation Percentage”); (B) as long as an S&P Ratings Event has occurred and is continuing for 10 Local Business Days the valuation percentage set forth for the applicable collateral item in Paragraph 13(b)(ii) under the heading “Valuation Percentage for S&P Ratings Event” (“S&P Ratings Event Valuation Percentage”); (C) as long as a Moody’s First Trigger Collateralization Event has occurred and is continuing for 30 days the valuation percentage set forth for the applicable collateral item in Paragraph 13(b)(iv13(b)(ii) under the heading “Valuation Percentage for Moody’s First Trigger Credit Support Amount” (“Moody’s First Trigger Collateralization Event Valuation Percentage”); ; (iiD) as long as a Moody’s Second Trigger Ratings Event has occurred and is continuing for 30 calendar days the valuation percentage set forth for the applicable collateral item in Paragraph 13(b)(iv13(b)(ii) under the heading “Valuation Percentage for Moody’s Second Trigger Ratings Event Credit Support Amount” (“Moody’s Second Trigger Ratings Event Valuation Percentage”); (iii) as long as an S&P Collateralization Event has occurred and is continuing for ten Local Business Days provided that the valuation percentage set forth for the applicable collateral item in Paragraph 13(b)(iv) under the heading “calculation of Value shall not include any Valuation Percentage for S&P First Trigger Credit Support Amount” (“S&P First Trigger Valuation Percentage”); (iv) as long as an S&P Substitution Event has occurred and is continuing for ten Local Business Days that pertains to the valuation percentage set forth for Rating Agency not then rating the applicable collateral item in Paragraph 13(b)(iv) under the heading “Valuation Percentage for S&P Second Trigger Credit Support Amount” (“S&P Second Trigger Valuation Percentage”) and (v) as long as a Fitch Downgrade has occurred and is continuing for 30 days the valuation percentage set forth for the applicable collateral item in Paragraph 13(b)(iv) under the heading “Fitch’s Advance Rates” (“Fitch Valuation Percentage”)Certificates.

Calculation of Value. (A) For purposes of the calculation of “Value”, the term “applicable Valuation Percentage” shall mean mean (iA) as long as an S&P Collateralization Event has occurred and is continuing (x) for 10 Local Business Days or (y) since this Credit Support Annex was executed, and no S&P Ratings Event has occurred and been continuing the valuation percentage set forth for the applicable collateral item in Paragraph 13(b)(ii) under the heading “Valuation Percentage for S&P Collateralization Event” (“S&P Collateralization Event Valuation Percentage”); (B) as long as an S&P Ratings Event has occurred and is continuing for 10 Local Business Days the valuation percentage set forth for the applicable collateral item in Paragraph 13(b)(ii) under the heading “Valuation Percentage for S&P Ratings Event” (“S&P Ratings Event Valuation Percentage”); (C) as long as a Moody’s First Trigger Collateralization Event has occurred and is continuing for 30 days the valuation percentage set forth for the applicable collateral item in Paragraph 13(b)(iv13(b)(ii) under the heading “Valuation Percentage for Moody’s First Trigger Credit Support Amount” (“Moody’s First Trigger Collateralization Event Valuation Percentage”); ; (iiD) as long as a Moody’s Second Trigger Ratings Event has occurred and is continuing for 30 calendar days the valuation percentage set forth for the applicable collateral item in Paragraph 13(b)(iv13(b)(ii) under the heading “Valuation Percentage for Moody’s Second Trigger Ratings Event Credit Support Amount” (“Moody’s Second Trigger Ratings Event Valuation Percentage”); (iii) as long as an S&P Collateralization Event has occurred and is continuing for ten Local Business Days provided that the valuation percentage set forth for the applicable collateral item in Paragraph 13(b)(iv) under the heading “calculation of Value shall not include any Valuation Percentage for S&P First Trigger Credit Support Amount” (“S&P First Trigger Valuation Percentage”); (iv) as long as an S&P Substitution Event has occurred and is continuing for ten Local Business Days that pertains to the valuation percentage set forth for Rating Agency not then rating the applicable collateral item in Paragraph 13(b)(iv) under the heading “Valuation Percentage for S&P Second Trigger Credit Support Amount” (“S&P Second Trigger Valuation Percentage”) and (v) as long as a Fitch Downgrade has occurred and is continuing for 30 days the valuation percentage set forth for the applicable collateral item in Paragraph 13(b)(iv) under the heading “Fitch’s Advance Rates” (“Fitch Valuation Percentage”)Certificates.

Calculation of Value. (A) For purposes of the calculation of “"Value”", the term “"applicable Valuation Percentage” " shall mean (i) as long as a Moody’s 's First Trigger Event has occurred and is continuing for 30 days the valuation percentage set forth for the applicable collateral item in Paragraph 13(b)(iv) under the heading “"Valuation Percentage for Moody’s 's First Trigger Credit Support Amount” " (“"Moody’s 's First Trigger Valuation Percentage”"); (ii) as long as a Moody’s 's Second Trigger Event has occurred and is continuing for 30 days the valuation percentage set forth for the applicable collateral item in Paragraph 13(b)(iv) under the heading “"Valuation Percentage for Moody’s 's Second Trigger Credit Support Amount” " (“"Moody’s 's Second Trigger Valuation Percentage”"); (iii) as long as an S&P Collateralization First Trigger Event has occurred and is continuing for 30 days the valuation percentage set forth for the applicable collateral item in Paragraph 13(b)(iv) under the heading "Valuation Percentage for S&P First Trigger Credit Support Amount" ("S&P First Trigger Valuation Percentage") and (iv) as long as an S&P Second Trigger Event has occurred and is continuing for ten Local Business Days the valuation percentage set forth for the applicable collateral item in Paragraph 13(b)(iv) under the heading “Valuation Percentage for S&P First Trigger Credit Support Amount” (“S&P First Trigger Valuation Percentage”); (iv) as long as an S&P Substitution Event has occurred and is continuing for ten Local Business Days the valuation percentage set forth for the applicable collateral item in Paragraph 13(b)(iv) under the heading “"Valuation Percentage for S&P Second Trigger Credit Support Amount” " (“"S&P Second Trigger Valuation Percentage”"). For the avoidance of doubt, the applicable Valuation Percentage shall be the lowest of (i) Moody's First Trigger Valuation Percentage, (ii) Moody's Second Trigger Valuation Percentage, (iii) S&P First Trigger Valuation Percentage and (viv) as long as a Fitch Downgrade has occurred and is continuing for 30 days the valuation percentage set forth for the applicable collateral item in Paragraph 13(b)(iv) under the heading “Fitch’s Advance Rates” (“Fitch S&P Second Trigger Valuation Percentage”); provided that if only one Rating Agency is rating the Notes at such time, the calculation of Value shall not include any Valuation Percentage that pertains to the Rating Agency not then rating the Notes.