Computation of Earned Discount. In making any determination of Earned Discount, the following rules shall apply:
(a) each Purchaser Agent, on behalf of the Liquidity Banks in such Purchaser Agent’s Purchaser Group, shall determine the Earned Discount accruing with respect to each Asset Tranche funded by a Liquidity Funding of such Purchaser Group for each Yield Period, in accordance with the definition of Earned Discount;
(b) no provision of this Agreement shall require the payment or permit the collection of Earned Discount in excess of the maximum permitted by applicable law; and
(c) the Earned Discount for any Asset Tranche shall not be considered paid by any distribution if at any time such distribution is rescinded or must otherwise be returned for any reason. It is the intent of the Purchasers to fund their portion of the Asset Interest by the issuance of Commercial Paper Notes. If, for any reason, any Purchaser is unable, or determines that it is undesirable, to issue Commercial Paper Notes to fund its portion of the Asset Interest, or is unable to repay such Commercial Paper Notes upon the maturity thereof, either such Purchaser will draw on Liquidity Fundings by a Liquidity Bank in such Purchaser’s Purchaser Group or such Liquidity Bank will make a Purchase directly, to the extent available. If any Purchaser makes such a Liquidity Funding, the Earned Discount will be payable by the Seller based on the Bank Rate with respect to such portion of the Asset Interest funded by such Liquidity Funding.
Computation of Earned Discount. In making any determination of Earned Discount, the following rules shall apply:
(a) no provision of this Agreement shall require the payment or permit the collection of Earned Discount in excess of the maximum permitted by Applicable Law; and
(b) Earned Discount for any period shall not be considered paid by any distribution if at any time such distribution is rescinded or must otherwise be returned for any reason.
Computation of Earned Discount. In making any determination of Earned Discount, the following rules shall apply:
(a) the Administrative Agent, on the Purchaser's behalf, shall determine the Earned Discount accruing with respect to each Asset Tranche funded by a Liquidity Funding for each Yield Period), in accordance with the definition of Earned Discount;
(b) no provision of this Agreement shall require the payment or permit the collection of Earned Discount in excess of the maximum permitted by applicable law; and
(c) the Earned Discount for any Asset Tranche shall not be considered paid by any distribution if at any time such distribution is rescinded or must otherwise be returned for any reason. It is the intent of the Purchaser to fund the Asset Interest by the issuance of Commercial Paper Notes. If, for any reason, the Purchaser is unable, or determines that it is undesirable, to issue Commercial Paper Notes to fund the Asset Interest, or is unable to repay such Commercial Paper Notes upon the maturity thereof, the Purchaser will draw on Liquidity Fundings to the extent available. If the Purchaser funds itself through Liquidity Fundings, the Earned Discount payable by the Seller will be based on the Bank Rate.
Computation of Earned Discount. (a) Yield shall accrue on the outstanding Capital on each day during any Settlement Period at the applicable Yield Rate. On each Settlement Date, the Seller shall pay from Collections in accordance with Section 3.1 to the Administrator, for the account of the Purchasers in accordance with their respective Pro Rata Shares, an amount equal to the accrued and unpaid Yield with respect to the immediately preceding Settlement Period.
(b) In making any determination of Yield, the following rules shall apply:
(i) no provision of this Agreement shall require payment or permit the collection of Yield in excess of the maximum permitted by Applicable Law (it being agreed that, if the Yield would be in excess of such maximum but for this provision, the amount of Yield shall be reduced to the greatest amount that does not exceed such maximum); and
(ii) Yield for any period shall not be considered paid by any distribution if at any time such distribution is rescinded or must otherwise be returned for any reason.
Computation of Earned Discount. In making any determination of Earned Discount, the following shall apply:
(a) the Administrator shall determine the Earned Discount accruing with respect to Purchaser's Total Investment, in accordance with the definition of Earned Discount;
(b) no provision of this Agreement shall require the payment or permit the collection of Earned Discount in excess of the maximum permitted by applicable law; and
(c) Earned Discount for any period shall not be considered paid by any distribution if at any time such distribution is rescinded or must otherwise be returned for any reason.
Computation of Earned Discount. In making any determination of Earned Discount, the following rules shall apply:
(a) the Administrator shall determine the Earned Discount accruing with respect to each Asset Tranche, and each Yield Period therefor (or, in the case of the Asset Tranche funded by Commercial Paper Notes, each Settlement Period), in accordance with the definition of Earned Discount; (b) no provision of this Agreement shall require the payment or permit the collection of Earned Discount in excess of the maximum permitted by applicable law; and
Computation of Earned Discount. In making any determination of Earned Discount, the following rules shall apply:
(a) the Agent shall determine the Earned Discount accruing with respect to each Asset Tranche, and each Yield Period therefor, in accordance with the definition of Earned Discount;
(b) no provision of this Agreement shall require the payment or permit the collection of Earned Discount in excess of the maximum permitted by applicable law; and
(c) Earned Discount for any Asset Tranche shall not be considered paid by any distribution if at any time such distribution is rescinded or must otherwise be returned for any reason.
Computation of Earned Discount. In making any determination of Earned Discount, the following rules shall apply:
(a) the Administrator shall determine the Earned Discount accruing with respect to each Asset Tranche and each Settlement Period therefor (or, in the case of an Asset Tranche funded by Liquidity Loans, Credit Draws or Concentration Draws, each Yield Period), in accordance with the definition of Earned Discount;
(b) no provision of this Agreement shall require the payment or permit the collection of Earned Discount in excess of the maximum permitted by applicable law; and
(c) Earned Discount for any Asset Tranche shall not be considered paid by any distribution if at any time such distribution is rescinded or must otherwise be returned for any reason.
Computation of Earned Discount. In making any determination ------------------------------ of Earned Discount with respect to the Senior Interest, the following rules shall apply:
(a) the Administrator shall determine the Earned Discount accruing with respect to each Asset Tranche, and each Yield Period therefor (or, in the case of the Asset Tranche funded by Commercial Paper Notes, each Settlement Period), in accordance with the definition of Earned Discount;
(b) no provision of this Agreement shall require the payment or permit the collection of Earned Discount in excess of the maximum permitted by applicable law; and
(c) Earned Discount for any Asset Tranche shall not be considered paid by any distribution if at any time such distribution is rescinded or must otherwise be returned for any reason.
Computation of Earned Discount. In making any determination of
