Determination of Pass-Through Rates for LIBOR Certificates. (a) On each Interest Determination Date so long as the LIBOR Certificates are outstanding, the Trustee will determine LIBOR on the basis of the British Bankers' Association ("BBA") "Interest Settlement Rate" for one-month deposits in U.S. dollars as found on Telerate page 3750 as of 11:00 a.m. London time on each Interest Determination Date.
Appears in 7 contracts
Samples: Pooling and Servicing Agreement (Mellon Residential Funding Corp), Pooling and Servicing Agreement (Mellon Residential Funding Corp Mort Pas THR Ser 2000 TBC 3), Pooling and Servicing Agreement (Mellon Residential Funding Corp Mor Pas THR Cer Ser 01 Tbc1)
Determination of Pass-Through Rates for LIBOR Certificates. (a) On each Interest Determination Date so long as the any LIBOR Certificates are outstanding, the Trustee will determine LIBOR on the basis of the British Bankers' Association ("BBA") "Interest Settlement Rate" for one-month deposits in U.S. dollars as found on Telerate page 3750 as of 11:00 a.m. London time on each Interest LIBOR Determination Date.. "Telerate Page
Appears in 3 contracts
Samples: Trust Agreement (Cwalt Inc), Pooling and Servicing Agreement (CWMBS Inc), Trust Agreement (IndyMac RAST 2004-R2)
