Role of Calculation Agent. (a) As of each Purchase Date, the Calculation Agent shall (i) calculate the Unsold PSL Percentage, the Sold PSL Percentage, the Authority Distribution Percentage and the Trust Distribution Percentage and (ii) confirm the requested amount of requested Processing Costs and Chargebacks, in accordance with the Calculation Agency Agreement, all as evidenced by a written instruction from the Calculation Agent in the form of Exhibit B, confirmed by the Authority and the Trust.
Role of Calculation Agent. The Calculation Agent will make all determinations regarding the reference rate, the amount payable on your Notes, and any other required determinations. Absent manifest error, all determinations of the Calculation Agent will be final and binding on you and us, without any liability on the part of the Calculation Agent. Unless otherwise specified in the applicable Supplement, the Bank or one of its affiliates will be the Calculation Agent. We may change the Calculation Agent for your Notes at any time in our discretion without notice and the Calculation Agent may resign as Calculation Agent at any time upon 60 days’ written notice to the Bank.
Role of Calculation Agent. The Calculation Agent in its sole discretion will make all determinations relating to the Credit Linked Notes. Absent manifest error, all determinations of the Calculation Agent will be final and binding on the Issuer and the Noteholders, without any liability on the part of the Calculation Agent.
Role of Calculation Agent
