Common use of Computation of Note Interest Rate Clause in Contracts

Computation of Note Interest Rate. Prior to each Determination Date, the Administrator shall determine each Note Interest Rate that will be applicable to the Distribution Date following such Determination Date, in compliance with its obligation to prepare and deliver an Administrator’s Certificate on such Determination Date pursuant to Section 4.08. In connection therewith, the Administrator shall calculate Three-Month LIBOR in accordance with the definition thereof with respect to such Distribution Date.

Computation of Note Interest Rate. Prior to each Determination Date, the Administrator shall determine each Note Interest Rate that will be applicable to the Distribution Date following such Determination Date, in compliance with its obligation to prepare and deliver an Administrator’s 's Certificate on such Determination Date pursuant to Section 4.08. In connection therewith, the Administrator shall calculate the T-Xxxx Rate in accordance with the definition thereof calculate Three-Month LIBOR in accordance with the definition thereof and shall also determine the Student Loan Rate with respect to such Distribution Date.

Computation of Note Interest Rate. Prior to each Determination Date, the Administrator shall determine each Note Interest Rate that will be applicable to the Distribution Date following such Determination Date, in compliance with its obligation to prepare and deliver an Administrator’s Certificate on such Determination Date pursuant to Section 4.08. In connection therewith, the Administrator shall calculate the T-Xxxx Rate in accordance with the definition thereof calculate Three-Month LIBOR in accordance with the definition thereof and shall also determine the Student Loan Rate with respect to such Distribution Date.

Computation of Note Interest Rate. Prior to each Determination Date, the Administrator shall determine each Note Interest Rate that will be applicable to the Distribution Date following such Determination Date, in compliance with its obligation to prepare and deliver an Administrator’s Certificate on such Determination Date pursuant to Section 4.08. In connection therewith, the Administrator shall calculate Three-Month LIBOR in accordance with the definition thereof and shall also determine each of the Student Loan Rates with respect to the Group I and Group II Student Loans with respect to such Distribution Date.