Common use of Determination of Certificate Interest Rates for LIBOR Floating Rate Certificates Clause in Contracts

Determination of Certificate Interest Rates for LIBOR Floating Rate Certificates. On each Interest Determination Date for the LIBOR Floating Rate Certificates so long as such Certificates are outstanding, Xxxxxx Xxx shall cause the Paying Agent to either (i) request each Reference Bank to inform the Paying Agent of the quotation offered by its principal London office for making one-month United States dollar deposits in leading banks in the London interbank market, as of 11:00 a.m. (London time) on such Interest Determination Date or

Determination of Certificate Interest Rates for LIBOR Floating Rate Certificates. On each Interest Determination Date for the LIBOR Floating Rate Certificates so long as such Certificates are outstanding, Xxxxxx Xxx Mae shall cause the Paying Agent to either (i) request each Reference Bank to inform the Paying Agent of the quotation offered by its principal London office for making one-month United States dollar deposits in leading banks in the London interbank market, as of 11:00 a.m. (London time) on such Interest Determination Date or