Common use of DETERMINATION OF LOAN TRANCHE INTEREST AMOUNT Clause in Contracts

DETERMINATION OF LOAN TRANCHE INTEREST AMOUNT. In relation to any Loan Tranche, the rate of interest payable (the LOAN TRANCHE RATE OF INTEREST) and the relevant Sterling interest amount (each a LOAN TRANCHE INTEREST AMOUNT) in respect of such Loan Tranche shall be determined on the basis of the provisions set out below: (a) On the Loan Tranche Interest Determination Date in relation to such Loan Tranche, the Agent Bank will determine the Relevant Screen Rate in respect of such Loan Tranche at or about 11.00 am London time. If the Relevant Screen Rate is unavailable, the Agent Bank will request the principal London office of each of the Reference Banks to provide the Agent Bank with its offered quotation to leading banks for three-month Sterling deposits of [POUND]10,000,000 in the London inter-bank market as at or about 11.00 am London time on such Loan Tranche Interest Determination Date. (b) The Loan Tranche Rate of Interest for such Loan Tranche for the Loan Tranche Interest Period relating to such Loan Tranche shall be the aggregate of: (i) the Relevant Margin in respect of such Loan Tranche; and (ii) the Relevant Screen Rate in respect of such Loan Tranche or, if the Relevant Screen Rate is unavailable, the arithmetic mean (or, in the case of the initial Loan Tranche Interest Determination Date for such Loan Tranche, the linear interpolation of the arithmetic mean) of such offered quotations by the Reference Banks (rounded upwards, if necessary, to five decimal places). (c) If on any Loan Tranche Interest Determination Date in relation to such Loan Tranche, the Relevant Screen Rate in respect of such Loan Tranche is unavailable and only two or three of the Reference Banks provide offered quotations, the Loan Tranche Rate of Interest for such Loan Tranche for the relevant Loan Tranche Interest Period shall be determined in accordance with the provisions of sub-paragraph (a) above on the basis of the offered quotations of those Reference Banks providing such quotations. (d) If, on any such Loan Tranche Interest Determination Date, only one or none of the Reference Banks provides the Agent Bank with such an offered quotation, the Agent Bank shall forthwith consult with the Funding 2 Security Trustee for the purposes of agreeing two banks (or, where one only of the Reference Banks provided such a quotation, one additional bank) to provide such a quotation or quotations to the Agent Bank (which bank or banks are in the opinion of the Funding 2 Security Trustee suitable for such purpose) and the Loan Tranche Rate of Interest for such Loan Tranche for the Loan Tranche Interest Period in question shall be determined, as aforesaid, on the basis of the offered quotations of such banks as so agreed (or, as the case may be, the offered quotations of such bank as so agreed and the relevant Reference Bank). (e) If no such bank or banks is or are so agreed or such bank or banks as so agreed does or do not provide such a quotation or quotations, then the Loan Tranche Rate of Interest for such Loan Tranche for the relevant Loan Tranche Interest Periods shall be the Loan Tranche Rate of Interest in relation to such Loan Tranche in effect for the immediately preceding Loan Tranche Interest Period to which sub-paragraph (a) above shall have applied but taking account of any change in the Relevant Margin in relation to such Loan Tranche. (f) There will be no minimum or maximum Loan Tranche Rate of Interest for such Loan Tranche. (g) The Agent Bank shall as soon as practicable after 11:00 a.m. (London time) on each Loan Tranche Interest Determination Date, determine and notify the Master Issuer, Funding 2, the Cash Manager and the Funding 2 Security Trustee of: (i) the Loan Tranche Rate of Interest applicable to such Loan Tranche for the relevant Loan Tranche Interest Period and (ii) the Loan Tranche Interest Amount payable in respect of such Loan Tranche for the relevant Loan Tranche Interest Period. (h) The Loan Tranche Interest Amount for such Loan Tranche shall be determined by applying the relevant Loan Tranche Rate of Interest to the Outstanding Principal Balance of such Loan Tranche, multiplying the sum by the day count fraction described in CLAUSE 7.1 and rounding the resultant figure to the nearest penny (half a penny being rounded upwards). (i) If thx Xxxnt Bank dxxx xot at any time for any reason determine the Loan Tranche Rate of Interest and the Loan Tranche Interest Amount for any Loan Tranche in accordance with paragraphs 7.2(a) to (g) above, the Funding 2 Security Trustee shall (subject to it being indemnified to its satisfaction) determine the Loan Tranche Rate of Interest and Loan Tranche Interest Amount for each Loan Tranche and any such determination shall be deemed to have been made by the Agent Bank. (j) All notifications, opinions, determinations, certificates, calculations and decisions given, expressed, made or obtained for the purposes of this CLAUSE 7, whether by the Agent Bank or the Funding 2 Security Trustee, shall (in the absence of wilful default, bad faith or manifest error) be binding on Funding 2, the Master Issuer, the Cash Manager, the Agent Bank, the Funding 2 Security Trustee and (in such absence as aforesaid) no liability to Funding 2 shall attach to the Master Issuer, the Agent Bank, the Funding 2 Security Trustee or the Cash Manager in connection with the exercise or non-exercise by them or any of them of their powers, duties and discretions hereunder.

DETERMINATION OF LOAN TRANCHE INTEREST AMOUNT. In relation to any Loan Tranche, the rate of interest payable (the LOAN TRANCHE RATE OF INTEREST) and the relevant Sterling interest amount (each a LOAN TRANCHE INTEREST AMOUNT) in respect of such Loan Tranche shall be determined on the basis of the provisions set out below: (a) On the Loan Tranche Interest Determination Date in relation to such Loan Tranche, the Agent Bank will determine the Relevant Screen Rate in respect of such Loan Tranche at or about 11.00 am London time. If the Relevant Screen Rate is unavailable, the Agent Bank will request the principal London office of each of the Reference Banks to provide the Agent Bank with its offered quotation to leading banks for three-month Sterling deposits of [POUND]10,000,000 in the London inter-bank market as at or about 11.00 am London time on such Loan Tranche Interest Determination Date. (b) . The Loan Tranche Rate of Interest for such Loan Tranche for the Loan Tranche Interest Period relating to such Loan Tranche shall be the aggregate of: (i) the Relevant Margin in respect of such Loan Tranche; and (ii) the Relevant Screen Rate in respect of such Loan Tranche or, if the Relevant Screen Rate is unavailable, the arithmetic mean (or, in the case of the initial Loan Tranche Interest Determination Date for such Loan Tranche, the linear interpolation of the arithmetic mean) of such offered quotations by the Reference Banks (rounded upwards, if necessary, to five decimal places). (cb) If on any Loan Tranche Interest Determination Date in relation to such Loan Tranche, the Relevant Screen Rate in respect of such Loan Tranche is unavailable and only two or three of the Reference Banks provide offered quotations, the Loan Tranche Rate of Interest for such Loan Tranche for the relevant Loan Tranche Interest Period shall be determined in accordance with the provisions of sub-paragraph (a) above on the basis of the offered quotations of those Reference Banks providing such quotations. (dc) If, on any such Loan Tranche Interest Determination Date, only one or none of the Reference Banks provides the Agent Bank with such an offered quotation, the Agent Bank shall forthwith consult with the Funding 2 Security Trustee for the purposes of agreeing two banks (or, where one only of the Reference Banks provided such a quotation, one additional bank) to provide such a quotation or quotations to the Agent Bank (which bank or banks are in the opinion of the Funding 2 Security Trustee suitable for such purpose) and the Loan Tranche Rate of Interest for such Loan Tranche for the Loan Tranche Interest Period in question shall be determined, as aforesaid, on the basis of the offered quotations of such banks as so agreed (or, as the case may be, the offered quotations of such bank as so agreed and the relevant Reference Bank). (ed) If no such bank or banks is or are so agreed or such bank or banks as so agreed does or do not provide such a quotation or quotations, then the Loan Tranche Rate of Interest for such Loan Tranche for the relevant Loan Tranche Interest Periods shall be the Loan Tranche Rate of Interest in relation to such Loan Tranche in effect for the immediately preceding Loan Tranche Interest Period to which sub-paragraph (a) above shall have applied but taking account of any change in the Relevant Margin in relation to such Loan Tranche. (fe) There will be no minimum or maximum Loan Tranche Rate of Interest for such Loan Tranche. (gf) The Agent Bank shall as soon as practicable after 11:00 a.m. (London time) on each Loan Tranche Interest Determination Date, determine and notify the Master Issuer, Funding 2, the Cash Manager and the Funding 2 Security Trustee of: (i) the Loan Tranche Rate of Interest applicable to such Loan Tranche for the relevant Loan Tranche Interest Period and (ii) the Loan Tranche Interest Amount payable in respect of such Loan Tranche for the relevant Loan Tranche Interest Period. (hg) The Loan Tranche Interest Amount for such Loan Tranche shall be determined by applying the relevant Loan Tranche Rate of Interest to the Outstanding Principal Balance of such Loan Tranche, multiplying the sum by the day count fraction described in CLAUSE 7.1 and rounding the resultant figure to the nearest penny (half a penny being rounded upwards). (ih) If thx Xxxnt Xf the Agent Bank dxxx xot at does xxx xt any time for any reason determine the Loan Tranche Rate of Interest and the Loan Tranche Interest Amount for any Loan Tranche in accordance with paragraphs 7.2(a) to (g) above, the Funding 2 Security Trustee shall (subject to it being indemnified to its satisfaction) determine the Loan Tranche Rate of Interest and Loan Tranche Interest Amount for each Loan Tranche and any such determination shall be deemed to have been made by the Agent Bank. (ji) All notifications, opinions, determinations, certificates, calculations and decisions given, expressed, made or obtained for the purposes of this CLAUSE 7, whether by the Agent Bank or the Funding 2 Security Trustee, shall (in the absence of wilful default, bad faith or manifest error) be binding on Funding 2, the Master Issuer, the Cash Manager, the Agent Bank, the Funding 2 Security Trustee and (in such absence as aforesaid) no liability to Funding 2 shall attach to the Master Issuer, the Agent Bank, the Funding 2 Security Trustee or the Cash Manager in connection with the exercise or non-exercise by them or any of them of their powers, duties and discretions hereunder.

DETERMINATION OF LOAN TRANCHE INTEREST AMOUNT. In relation to any Loan Tranche, the rate of interest payable (the LOAN TRANCHE RATE OF INTERESTLoan Tranche Rate of Interest) and the relevant Sterling interest amount (each a LOAN TRANCHE INTEREST AMOUNTLoan Tranche Interest Amount) in respect of such Loan Tranche shall be determined on the basis of the provisions set out below: (a) On the Loan Tranche Interest Determination Date in relation to such Loan Tranche, the Agent Bank will determine the Relevant Screen Rate in respect of such Loan Tranche at or about 11.00 am London time. If the Relevant Screen Rate is unavailable, the Agent Bank will request the principal London office of each of the Reference Banks to provide the Agent Bank with its offered quotation to leading banks for three-month Sterling deposits of [POUND]10,000,000 (pound)10,000,000 in the London inter-bank market as at or about 11.00 am a.m. London time on such Loan Tranche Interest Determination Date. (b) The Loan Tranche Rate of Interest for such Loan Tranche for the Loan Tranche Interest Period relating to such Loan Tranche shall be the aggregate of: (i) the Relevant Margin in respect of such Loan Tranche; and (ii) the Relevant Screen Rate in respect of such Loan Tranche or, if the Relevant Screen Rate is unavailable, the arithmetic mean (or, in the case of the initial Loan Tranche Interest Determination Date for such Loan Tranche, the linear interpolation of the arithmetic mean) of such offered quotations by the Reference Banks (rounded upwards, if necessary, to five decimal places). (c) If on any Loan Tranche Interest Determination Date in relation to such Loan Tranche, the Relevant Screen Rate in respect of such Loan Tranche is unavailable and only two or three of the Reference Banks provide offered quotations, the Loan Tranche Rate of Interest for such Loan Tranche for the relevant Loan Tranche Interest Period shall be determined in accordance with the provisions of sub-paragraph subparagraph (a) above on the basis of the offered quotations of those Reference Banks providing such quotations. (d) If, on any such Loan Tranche Interest Determination Date, only one or none of the Reference Banks provides the Agent Bank with such an offered quotation, the Agent Bank shall forthwith consult with the Funding 2 Security Trustee for the purposes of agreeing two banks (or, where one only of the Reference Banks provided such a quotation, one additional bank) to provide such a quotation or quotations to the Agent Bank (which bank or banks are in the opinion of the Funding 2 Security Trustee suitable for such purpose) and the Loan Tranche Rate of Interest for such Loan Tranche for the Loan Tranche Interest Period in question shall be determined, as aforesaid, on the basis of the offered quotations of such banks as so agreed (or, as the case may be, the offered quotations of such bank as so agreed and the relevant Reference Bank). (e) If no such bank or banks is or are so agreed or such bank or banks as so agreed does or do not provide such a quotation or quotations, then the Loan Tranche Rate of Interest for such Loan Tranche for the relevant Loan Tranche Interest Periods shall be the Loan Tranche Rate of Interest in relation to such Loan Tranche in effect for the immediately preceding Loan Tranche Interest Period to which sub-paragraph subparagraph (a) above shall have applied but taking account of any change in the Relevant Margin in relation to such Loan Tranche. (f) There will be no minimum or maximum Loan Tranche Rate of Interest for such Loan Tranche. (g) The Agent Bank shall as soon as practicable after 11:00 a.m. (London time) on each Loan Tranche Interest Determination Date, determine and notify the Master Issuer, Funding 2, the Cash Manager and the Funding 2 Security Trustee of: (i) the Loan Tranche Rate of Interest applicable to such Loan Tranche for the relevant Loan Tranche Interest Period and (ii) the Loan Tranche Interest Amount payable in respect of such Loan Tranche for the relevant Loan Tranche Interest Period. (h) The Loan Tranche Interest Amount for such Loan Tranche shall be determined by applying the relevant Loan Tranche Rate of Interest to the Outstanding Principal Balance of such Loan Tranche, multiplying the sum by the day count fraction described in CLAUSE Clause 7.1 and rounding the resultant figure to the nearest penny (half a penny being rounded upwards). (i) If thx Xxxnt Xx the Agent Bank dxxx xot at does xxx xt any time for any reason determine the Loan Tranche Rate of Interest and the Loan Tranche Interest Amount for any Loan Tranche in accordance with paragraphs 7.2(a) to (g) above, the Funding 2 Security Trustee shall (subject to it being indemnified to its satisfaction) determine the Loan Tranche Rate of Interest and Loan Tranche Interest Amount for each Loan Tranche and any such determination shall be deemed to have been made by the Agent Bank. (j) All notifications, opinions, determinations, certificates, calculations and decisions given, expressed, made or obtained for the purposes of this CLAUSE Clause 7, whether by the Agent Bank or the Funding 2 Security Trustee, shall (in the absence of wilful default, bad faith or manifest error) be binding on Funding 2, the Master Issuer, the Cash Manager, the Agent Bank, the Funding 2 Security Trustee and (in such absence as aforesaid) no liability to Funding 2 shall attach to the Master Issuer, the Agent Bank, the Funding 2 Security Trustee or the Cash Manager in connection with the exercise or non-exercise by them or any of them of their powers, duties and discretions hereunder.

DETERMINATION OF LOAN TRANCHE INTEREST AMOUNT. In relation to any Loan Tranche, the rate of interest payable (the LOAN TRANCHE RATE OF INTEREST) and the relevant Sterling interest amount (each a LOAN TRANCHE INTEREST AMOUNT) in respect of such Loan Tranche shall be determined on the basis of the provisions set out below: (a) On the Loan Tranche Interest Determination Date in relation to such Loan Tranche, the Agent Bank will determine the Relevant Screen Rate in respect of such Loan Tranche at or about 11.00 am London time. If the Relevant Screen Rate is unavailable, the Agent Bank will request the principal London office of each of the Reference Banks to provide the Agent Bank with its offered quotation to leading banks for three-month Sterling deposits of [POUND]10,000,000 in the London inter-bank market as at or about 11.00 am a.m. London time on such Loan Tranche Interest Determination Date. (b) The Loan Tranche Rate of Interest for such Loan Tranche for the Loan Tranche Interest Period relating to such Loan Tranche shall be the aggregate of: (i) the Relevant Margin in respect of such Loan Tranche; and (ii) the Relevant Screen Rate in respect of such Loan Tranche or, if the Relevant Screen Rate is unavailable, the arithmetic mean (or, in the case of the initial Loan Tranche Interest Determination Date for such Loan Tranche, the linear interpolation of the arithmetic mean) of such offered quotations by the Reference Banks (rounded upwards, if necessary, to five decimal places). (c) If on any Loan Tranche Interest Determination Date in relation to such Loan Tranche, the Relevant Screen Rate in respect of such Loan Tranche is unavailable and only two or three of the Reference Banks provide offered quotations, the Loan Tranche Rate of Interest for such Loan Tranche for the relevant Loan Tranche Interest Period shall be determined in accordance with the provisions of sub-paragraph subparagraph (a) above on the basis of the offered quotations of those Reference Banks providing such quotations. (d) If, on any such Loan Tranche Interest Determination Date, only one or none of the Reference Banks provides the Agent Bank with such an offered quotation, the Agent Bank shall forthwith consult with the Funding 2 Security Trustee for the purposes of agreeing two banks (or, where one only of the Reference Banks provided such a quotation, one additional bank) to provide such a quotation or quotations to the Agent Bank (which bank or banks are in the opinion of the Funding 2 Security Trustee suitable for such purpose) and the Loan Tranche Rate of Interest for such Loan Tranche for the Loan Tranche Interest Period in question shall be determined, as aforesaid, on the basis of the offered quotations of such banks as so agreed (or, as the case may be, the offered quotations of such bank as so agreed and the relevant Reference Bank). (e) If no such bank or banks is or are so agreed or such bank or banks as so agreed does or do not provide such a quotation or quotations, then the Loan Tranche Rate of Interest for such Loan Tranche for the relevant Loan Tranche Interest Periods shall be the Loan Tranche Rate of Interest in relation to such Loan Tranche in effect for the immediately preceding Loan Tranche Interest Period to which sub-paragraph subparagraph (a) above shall have applied but taking account of any change in the Relevant Margin in relation to such Loan Tranche. (f) There will be no minimum or maximum Loan Tranche Rate of Interest for such Loan Tranche. (g) The Agent Bank shall as soon as practicable after 11:00 a.m. (London time) on each Loan Tranche Interest Determination Date, determine and notify the Master Issuer, Funding 2, the Cash Manager and the Funding 2 Security Trustee of: (i) the Loan Tranche Rate of Interest applicable to such Loan Tranche for the relevant Loan Tranche Interest Period and (ii) the Loan Tranche Interest Amount payable in respect of such each Rated Loan Tranche for the relevant Loan Tranche Interest Period. The Cash Manager shall determine the Loan Tranche Interest Amount payable in respect of each Subordinated Loan Tranche and each Start-Up Loan Tranche for the relevant Loan Tranche Interest Period. (h) The Loan Tranche Interest Amount for such Loan Tranche shall be determined by applying the relevant Loan Tranche Rate of Interest to the Outstanding Principal Balance of such Loan Tranche, multiplying the sum by the day count fraction described in CLAUSE Clause 7.1 and rounding the resultant figure to the nearest penny (half a penny being xxxxg rounded upwardsxxxxrds). (i) If thx Xxxnt the Agent Bank dxxx xot does not at any time for any reason determine the Loan Tranche Rate of Interest for any Loan Tranche and the Loan Tranche Interest Amount for any Rated Loan Tranche in accordance with paragraphs 7.2(a) to (g) above, the Funding 2 Security Trustee shall (subject to it being indemnified to its satisfaction) determine the Loan Tranche Rate of Interest for each Loan Tranche and Loan Tranche Interest Amount for each Rated Loan Tranche and any such determination shall be deemed to have been made by the Agent Bank. (j) All notifications, opinions, determinations, certificates, calculations and decisions given, expressed, made or obtained for the purposes of this CLAUSE Clause 7, whether by the Agent Bank or the Funding 2 Security Trustee, shall (in the absence of wilful default, bad faith or manifest error) be binding on Funding 2, the Master Issuer, the Cash Manager, the Agent Bank, the Funding 2 Security Trustee and (in such absence as aforesaid) no liability to Funding 2 shall attach to the Master Issuer, the Agent Bank, the Funding 2 Security Trustee or the Cash Manager in connection with the exercise or non-exercise by them or any of them of their powers, duties and discretions hereunder.

DETERMINATION OF LOAN TRANCHE INTEREST AMOUNT. In relation to any Loan Tranche, the rate of interest payable (the LOAN TRANCHE RATE OF INTEREST) and the relevant Sterling interest amount (each a LOAN TRANCHE INTEREST AMOUNT) in respect of such Loan Tranche shall be determined on the basis of the provisions set out below: (a) On the Loan Tranche Interest Determination Date in relation to such Loan Tranche, the Agent Bank will determine the Relevant Screen Rate in respect of such Loan Tranche at or about 11.00 am London time. If the Relevant Screen Rate is unavailable, the Agent Bank will request the principal London office of each of the Reference Banks to provide the Agent Bank with its offered quotation to leading banks for three-month Sterling deposits of [POUND]10,000,000 (pound)10,000,000 in the London inter-bank market as at or about 11.00 am London time on such Loan Tranche Interest Determination Date. (b) The Loan Tranche Rate of Interest for such Loan Tranche for the Loan Tranche Interest Period relating to such Loan Tranche shall be the aggregate of: (i) the Relevant Margin in respect of such Loan Tranche; and (ii) the Relevant Screen Rate in respect of such Loan Tranche or, if the Relevant Screen Rate is unavailable, the arithmetic mean (or, in the case of the initial Loan Tranche Interest Determination Date for such Loan Tranche, the linear interpolation of the arithmetic mean) of such offered quotations by the Reference Banks (rounded upwards, if necessary, to five decimal places). (c) If on any Loan Tranche Interest Determination Date in relation to such Loan Tranche, the Relevant Screen Rate in respect of such Loan Tranche is unavailable and only two or three of the Reference Banks provide offered quotations, the Loan Tranche Rate of Interest for such Loan Tranche for the relevant Loan Tranche Interest Period shall be determined in accordance with the provisions of sub-paragraph (a) above on the basis of the offered quotations of those Reference Banks providing such quotations. (d) If, on any such Loan Tranche Interest Determination Date, only one or none of the Reference Banks provides the Agent Bank with such an offered quotation, the Agent Bank shall forthwith consult with the Funding 2 Security Trustee for the purposes of agreeing two banks (or, where one only of the Reference Banks provided such a quotation, one additional bank) to provide such a quotation or quotations to the Agent Bank (which bank or banks are in the opinion of the Funding 2 Security Trustee suitable for such purpose) and the Loan Tranche Rate of Interest for such Loan Tranche for the Loan Tranche Interest Period in question shall be determined, as aforesaid, on the basis of the offered quotations of such banks as so agreed (or, as the case may be, the offered quotations of such bank as so agreed and the relevant Reference Bank). (e) If no such bank or banks is or are so agreed or such bank or banks as so agreed does or do not provide such a quotation or quotations, then the Loan Tranche Rate of Interest for such Loan Tranche for the relevant Loan Tranche Interest Periods shall be the Loan Tranche Rate of Interest in relation to such Loan Tranche in effect for the immediately preceding Loan Tranche Interest Period to which sub-paragraph (a) above shall have applied but taking account of any change in the Relevant Margin in relation to such Loan Tranche. (f) There will be no minimum or maximum Loan Tranche Rate of Interest for such Loan Tranche. (g) The Agent Bank shall as soon as practicable after 11:00 a.m. (London time) on each Loan Tranche Interest Determination Date, determine and notify the Master Issuer, Funding 2, the Cash Manager and the Funding 2 Security Trustee of: (i) the Loan Tranche Rate of Interest applicable to such Loan Tranche for the relevant Loan Tranche Interest Period and (ii) the Loan Tranche Interest Amount payable in respect of such Loan Tranche for the relevant Loan Tranche Interest Period. (h) The Loan Tranche Interest Amount for such Loan Tranche shall be determined by applying the relevant Loan Tranche Rate of Interest to the Outstanding Principal Balance of such Loan Tranche, multiplying the sum by the day count fraction described in CLAUSE 7.1 and rounding the resultant figure to the nearest penny (half a penny being rounded upwards). (ix) If thx Xxxnt the Agent Bank dxxx xot doex xxx at any time for any reason determine the Loan Tranche Rate of Interest and the Loan Tranche Interest Amount for any Loan Tranche in accordance with paragraphs 7.2(a) to (g) above, the Funding 2 Security Trustee shall (subject to it being indemnified to its satisfaction) determine the Loan Tranche Rate of Interest and Loan Tranche Interest Amount for each Loan Tranche and any such determination shall be deemed to have been made by the Agent Bank. (j) All notifications, opinions, determinations, certificates, calculations and decisions given, expressed, made or obtained for the purposes of this CLAUSE 7, whether by the Agent Bank or the Funding 2 Security Trustee, shall (in the absence of wilful default, bad faith or manifest error) be binding on Funding 2, the Master Issuer, the Cash Manager, the Agent Bank, the Funding 2 Security Trustee and (in such absence as aforesaid) no liability to Funding 2 shall attach to the Master Issuer, the Agent Bank, the Funding 2 Security Trustee or the Cash Manager in connection with the exercise or non-exercise by them or any of them of their powers, duties and discretions hereunder.