Computations under Funding Swaps Clause Samples

Computations under Funding Swaps. On each Trust Calculation Date, the Cash Manager shall determine, in accordance with the terms of the Funding Swap(s), in respect of the relevant Trust Calculation Period or Interest Period, as applicable: (a) the Average Loan Balance, the Average Fixed Rate Loan Balance, the Average Variable Rate Loan Balance and the Average Tracker Loan Balance (each as defined in the Funding Swap Agreement); (b) the Relevant Average Tracker Loan Balance, the Relevant Average Variable Rate Loan Balance and the Relevant Average Fixed Rate Loan Balance (each as defined in the Funding Swap Agreement); (c) the Funding Available Amount in the confirmations forming part of the Funding Swap Agreement; (d) the Weighted Average Fixed Rate, the Weighted Average Tracker Rate and the Weighted Average SVR Rate (each as defined in the Funding Swap Agreement); (e) the Variable Rate LIBOR Spread , the Tracker LIBOR Spread, the Fixed Rate LIBOR Spread, the Variable Rate ▇▇▇▇▇ Spread, the Tracker ▇▇▇▇▇ ▇▇▇▇▇▇, the Fixed Rate ▇▇▇▇▇ Spread (each as defined in the confirmations forming part of the Funding Swap Agreement), and shall notify Funding and the Security Trustee of such amounts, balances and rates.