Common use of Determination or Calculation by Trustee Clause in Contracts

Determination or Calculation by Trustee. If the Calculation Agent does not at any time for any reason determine or calculate the Interest Rate for an Interest Period or any Interest Amount, Instalment Amount or Redemption Amount, the Trustee shall do so (or shall appoint an agent on its behalf to do so) and such determination or calculation shall be deemed to have been made by the Calculation Agent. In doing so, the Trustee 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 manner as it shall deem fair and reasonable in all the circumstances.

Appears in 2 contracts

Samples: Trust Deed (Intercontinental Hotels Group PLC /New/), Trust Deed (Texas Utilities Co /Tx/)

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Determination or Calculation by Trustee. If the Calculation Agent does not at any time for any reason determine or calculate the Rate of Interest Rate for an Interest Period or any Interest Amount, Instalment Amount or Redemption Amountpursuant to the Loan Agreement, the Trustee shall do so (or shall appoint an agent on its behalf to do so) and such determination or calculation shall be deemed to have been made by the Calculation Agent. In doing so, the Trustee shall apply or shall have applied 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 manner as it shall deem fair and reasonable in all the circumstances.

Appears in 1 contract

Samples: Principal Trust Deed

Determination or Calculation by Trustee. If the Calculation Agent does not at any time for any reason so determine the Rate of Interest or calculate the Interest Rate Amounts for an Interest Period or any Interest Amount, Instalment Amount or Redemption AmountPeriod, the Trustee shall do so (or shall appoint an agent on its behalf to do so) and such determination or calculation shall be deemed to have been made by the Calculation Agent. In doing so, the Trustee shall shall, subject to Section 7 of the Indenture and after consultation with the Company, apply the foregoing provisions of this Conditionparagraph "Interest", 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 manner as it shall deem fair and reasonable in all the circumstances.

Appears in 1 contract

Samples: Indenture (Multicanal Sa)

Determination or Calculation by Trustee. If the Calculation Agent does not at any time for any reason determine or calculate the Rate of Interest Rate for an Interest Accrual Period or any Interest Amount, Instalment Amount or the Make Whole Redemption AmountPrice, as the case may be, the Trustee shall do so (or shall shall, at the expense of the Issuer, appoint an agent on its behalf to do so) and such determination or calculation shall be deemed to have been made by the Calculation Agent. In doing so, the Trustee 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, and in all other respects it shall do so in such manner as it shall deem fair and reasonable in all the circumstances.

Appears in 1 contract

Samples: Trust Deed (Lloyds Banking Group PLC)

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Determination or Calculation by Trustee. If the Calculation Agent does not at any time for any reason so determine the Rate of Interest or calculate the Interest Rate Amounts for an Interest Period or any Interest Amount, Instalment Amount or Redemption AmountPeriod, the Trustee shall do so (or shall appoint an agent on its behalf to do so) and such determination or calculation shall be deemed to have been made by the Calculation Agent. In doing so, the Trustee shall shall, subject to Section 7 of the Indenture and after consultation with the Company, apply the foregoing provisions of this Conditionparagraph “Interest”, 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 manner as it shall deem fair and reasonable in all the circumstances.

Appears in 1 contract

Samples: Second Supplemental Indenture (Multicanal Sa)

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