Common use of New Base Rates Clause in Contracts

New Base Rates. If the Issuer proposes to issue Floating Rate Notes whose interest rate will be determined on a basis or formula not referred to above (a "New Base Rate"), the Issuer shall give a description of such New Base Rate to the Calculation Agent. The Calculation Agent shall determine if it is able and willing to calculate the New Base Rate and upon its agreement in writing to do so the term "Base Rate" shall be deemed to include the New Base Rate. If the Calculation Agent notifies the Issuer that it is not able or willing to calculate the New Base Rate, or that it is only willing to do so on the basis of an increase of its fees not acceptable to the Issuer, the Calculation Agent shall have no responsibility with respect to such New Base Rate and the Issuer shall appoint a different calculation agent to determine the New Base Rate.

Appears in 9 contracts

Samples: Interest Calculation Agency Agreement (Banponce Corp), Interest Calculation Agency Agreement (Popular Inc), Interest Calculation Agency Agreement (Banponce Corp)

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New Base Rates. If the Issuer Bank proposes to issue Floating Rate Notes whose interest rate will be determined on a basis or formula not referred to above in the Offering Circular (a "New Base Rate"), the Issuer Bank shall give a description of such New Base Rate to the Calculation Agent. The Calculation Agent shall determine if it is able and willing to calculate the New Base Rate and upon its agreement in writing to do so so, the term "Base Rate" Calculation Agent shall be deemed calculate interest rates as referred to include above including the New Base Rate. If the Calculation Agent notifies the Issuer Bank that it is not able or willing to calculate the New Base Rate, or that it is only willing to do so on the basis of an increase of its fees not acceptable to the IssuerBank, the Calculation Agent shall have no responsibility with respect to such New Base Rate and the Issuer Bank shall appoint a different calculation agent to determine the New Base Rate.

Appears in 2 contracts

Samples: Global Agency Agreement (Suntrust Banks Inc), Global Agency Agreement (Suntrust Banks Inc)

New Base Rates. If the Issuer proposes to issue Floating Rate Notes whose interest rate will be determined on a basis or formula not referred to above (a "New Base Rate"), the Issuer shall give a description of such New Base Rate to the Calculation Agent. The Calculation Agent shall determine if it is able and willing to calculate the New Base Rate and upon its agreement in writing to do so the term "Base Rate" ’’ shall be deemed to include the New Base Rate. If the Calculation Agent notifies the Issuer that it is not able or willing to calculate the New Base Rate, or that it is only willing to do so on the basis of an increase of its fees not acceptable to the Issuer, the Calculation Agent shall have no responsibility with respect to such New Base Rate and the Issuer shall appoint a different calculation agent to determine the New Base Rate.

Appears in 1 contract

Samples: Interest Calculation Agency Agreement (Mge Energy Inc)

New Base Rates. If the Issuer Bank proposes to issue Floating Rate Notes whose interest rate will be determined on a basis or formula not referred to above in the Offering Circular (a "New Base Rate"), the Issuer Bank shall give a description of such New Base Rate to the Calculation Agent. The Calculation Agent shall determine if it is able and willing to calculate the New Base Rate and upon its agreement in writing to do so so, the term "Base Rate" Calculation Agent shall be deemed calculate interest rates as referred to include above including the New Base Rate. If the Calculation Agent notifies the Issuer Bank that it is not able or willing to calculate the New Base Rate, or that it is only willing to do so on the basis of an increase of its fees not acceptable to the IssuerBank, the Calculation Agent shall have no responsibility with respect to such New Base Rate and the Issuer Bank shall appoint a different calculation agent to determine the New Base Rate.

Appears in 1 contract

Samples: Global Agency Agreement (Suntrust Banks Inc)

New Base Rates. If the Issuer proposes to issue Floating Rate Notes whose interest rate will be determined on a basis or formula not referred to above (a "New Base Rate"), the Issuer shall give a description of such New Base Rate to the Calculation Agent. The Calculation Agent shall determine if it is able and willing to calculate the New Base Rate and upon its agreement in writing to do so the term "Base RateRates" shall be deemed to include the New Base Rate. If the Calculation Agent notifies the Issuer that it is not able or willing to calculate the New Base Rate, or that it is only willing to do so on the basis of an increase of its fees not acceptable to the Issuer, the Calculation Agent shall have no responsibility with respect to such New Base Rate and the Issuer shall appoint a different calculation agent to determine the New Base Rate.

Appears in 1 contract

Samples: Agency Agreement (Dayton Hudson Corp)

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New Base Rates. If the Issuer proposes to issue Floating Rate Notes whose interest rate will be determined on a basis by reference to an index or formula not referred to above specified in the form of Floating Rate Note attached hereto as Exhibit A (a "New Base Rate"), the Issuer shall give a description of such New Base Rate to the Calculation Agent. The Calculation Agent shall determine if it is able and willing to calculate the New Base Rate and and, upon its agreement in writing to do so calculate the New Base Rate, the term "Base Rate" shall be deemed to include the New Base Rate. If the Calculation Agent notifies the Issuer that it is not able unable or willing unwilling to calculate the New Base Rate, or that it is only willing to do so calculate the New Base Rate on the basis of an increase of in its fees not acceptable to the Issuer, the Calculation Agent shall have no responsibility with respect to such New Base Rate and the Rate. The Issuer shall may appoint a different Agent as calculation agent to determine calculate the New Base Rate.

Appears in 1 contract

Samples: Calculation Agency Agreement (New South Wales Treasury Corp)

New Base Rates. If the Issuer proposes to issue Floating Rate Notes whose interest rate will be determined on a basis or of formula not referred to above (a "New Base Rate"), the Issuer shall give a description of such New Base Rate to the Calculation Agent. The Calculation Agent shall determine if it is able and willing to calculate the New Base Rate and and, upon its agreement in writing to do so so, the term "Base Rate" Rates” shall be deemed to include the New Base Rate. If the Calculation Agent notifies the Issuer that it is not able or willing to calculate the New Base Rate, or that it is only willing to do so on the basis of an increase of its fees not acceptable to the Issuer, the Calculation Agent shall have no responsibility with respect to such New Base Rate and the Issuer shall appoint a different calculation agent to determine the New Base Rate.

Appears in 1 contract

Samples: Interest Calculation Agency Agreement (Lehman Brothers Holdings Inc)

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