Common use of OFFERED NOTE TRUSTEE TO PERFORM AGENT BANK'S FUNCTION Clause in Contracts

OFFERED NOTE TRUSTEE TO PERFORM AGENT BANK'S FUNCTION. If the Agent Bank at any time for any reason does not determine an Interest Rate for the Offered Notes, or calculate a Class A-1 Interest Amount or Class A-3 Interest Amount (each as defined in the Offered Note Conditions), the Offered Note Trustee must do so and each such determination or calculation will be as if made by the Agent Bank for the purposes of the Offered Note Conditions. In doing so, the Offered Note Trustee will apply the provisions of Condition 6 of the Offered Note Conditions, with any necessary consequential amendments, to the extent that it can and, in all other respects it will do so in such a manner as it considers fair and reasonable in all the circumstances.

OFFERED NOTE TRUSTEE TO PERFORM AGENT BANK'S FUNCTION. If the Agent Bank at any time for any reason does not determine an Interest Rate for the Offered Notes, or calculate a Class A-1 Interest Amount or Class A-3 A Interest Amount (each as defined in the Offered Note Conditions), the Offered Note Trustee must do so and each such determination or calculation will be as if made by the Agent Bank for the purposes of the Offered Note Conditions. In doing so, the Offered Note Trustee will apply the provisions of Condition 6 of the Offered Note Conditions, with any necessary consequential amendments, to the extent that it can and, in all other respects it will do so in such a manner as it considers fair and reasonable in all the circumstances.