Common use of DETERMINATION OR CALCULATION BY THE MANAGER Clause in Contracts

DETERMINATION OR CALCULATION BY THE MANAGER. If the Calculation Agent at any time for any reason does not determine the Interest Rate or calculate the Interest for the Class A-2 Notes, the Manager shall do so and each such determination or calculation shall be deemed to have been made by the Calculation Agent. In doing so, the Manager shall apply the foregoing provisions of this Condition, with any necessary consequential amendments, to the extent that it can do so, and, in all other respects it shall do so in such a manner as it reasonably considers to be fair and reasonable in all the circumstances.

Appears in 2 contracts

Samples: Note Trust Deed (Crusade Management LTD), Note Trust Deed (Crusade Global Trust No. 2 of 2006)

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DETERMINATION OR CALCULATION BY THE MANAGER. If the Calculation Agent at any time for any reason does not determine the relevant Interest Rate or calculate the Interest for the a Class A-2 NotesA-1 Note, the Manager shall do so and each such determination or calculation shall be deemed to have been made by the Calculation Agent. In doing so, the Manager shall apply the foregoing provisions of this Condition, with any necessary consequential amendments, to the extent that in its opinion, it can do so, and, in all other respects it shall do so in such a manner as it reasonably considers to be fair and reasonable in all the circumstances.

Appears in 1 contract

Samples: Note Trust Deed (Crusade Global Trust No. 2 of 2006)

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DETERMINATION OR CALCULATION BY THE MANAGER. If the Calculation Agent at any time for any reason does not determine the relevant Class A[ ] Interest Rate or calculate the Class A[ ] Interest for the a Class A-2 NotesA[ ] Note, the Manager shall do so and each such determination or calculation shall be deemed to have been made by the Calculation Agent. In doing so, the Manager shall apply the foregoing provisions of this Condition, with any necessary consequential amendments, to the extent that in its opinion, it can do so, and, in all other respects it shall do so in such a manner as it reasonably considers to be fair and reasonable in all the circumstances.

Appears in 1 contract

Samples: Trust Deed (Me Portfolio Management LTD)

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