Determination and/or Calculation by Note Trustee. If the Agent Bank does not at any time for any reason determine the Rate of Interest and/or calculate the Interest Amount for any class of Notes in accordance with the foregoing paragraphs, the Note Trustee shall (i) determine the Rate of Interest at such rate as (having such regard as it shall think fit to the procedure described above) it shall in its sole discretion deem fair and reasonable in all the circumstances and/or (as the case may be) and (ii) calculate the Interest Amount for such class of Notes in the manner specified in paragraph (D) above, and any such determination and/or calculation shall be deemed to have been made by the Agent Bank.
Appears in 3 contracts
Samples: Issuer Trust Deed Amendment and Restatement Deed (Granite Mortgages 03-2 PLC), Issuer Trust Deed (Granite Mortgages 04-1 PLC), Issuer Trust Deed (Granite Mortgages 04-1 PLC)
Determination and/or Calculation by Note Trustee. If the Agent Bank does not at any time for any reason determine the Rate of Interest and/or calculate the Interest Amount for any class of the Eighth Issuer Notes in accordance with the foregoing paragraphs, the Note Trustee shall (i) determine the Rate of Interest at such rate as (having such regard as it shall think fit to the procedure described above) it shall in its sole discretion deem fair and reasonable in all the circumstances and/or (as the case may be) and (ii) calculate the Interest Amount for such class of Eighth Issuer Notes in the manner specified in paragraph (D) above, and any such determination and/or calculation shall be deemed to have been made by the Agent Bank.
Appears in 1 contract
Samples: Eighth Issuer Trust Deed (Holmes Financing No 8 PLC)
Determination and/or Calculation by Note Trustee. If the Agent Bank does not at any time for any reason determine the Rate of Interest and/or calculate the Interest Amount for any class of the Seventh Issuer Notes in accordance with the foregoing paragraphs, the Note Trustee shall (i) determine the Rate of Interest at such rate as (having such regard as it shall think fit to the procedure described above) it shall in its sole discretion deem fair and reasonable in all the circumstances and/or (as the case may be) and (ii) calculate the Interest Amount for such class of Seventh Issuer Notes in the manner specified in paragraph (D) above, and any such determination and/or calculation shall be deemed to have been made by the Agent Bank.
Appears in 1 contract
Samples: Seventh Issuer Trust Deed (Holmes Financing No 7 PLC)
