Common use of Selection of Rate Tranches Clause in Contracts

Selection of Rate Tranches. Subject to the requirements set forth in this Article II, each Purchaser Agent shall from time to time, only for purposes of computing Yield relating to each Receivable Pool with respect to each Purchaser in its Purchaser Group, account for such Purchaser’s Investment in respect of each Receivable Pool in terms of one or more Rate Tranches, and the applicable Yield Rate may be different for each Rate Tranche. Each Purchaser’s Investment in respect of each Receivable Pool shall be allocated to each Rate Tranche by the related Purchaser Agent to reflect the funding sources for each portion of the Asset Portfolio relating thereto, so that: (a) there will be one or more Rate Tranches in respect of each Receivable Pool, selected by each Purchaser Agent, reflecting the portion, if any, of the aggregate Investment of the Purchasers in its Purchaser Group in respect of each Receivable Pool funded or maintained by such Purchasers other than through the issuance of Commercial Paper Notes (including by outstanding Liquidity Advances or by funding under an Enhancement Agreement); and (b) there will be a Rate Tranche in respect of each Receivable Pool, selected by each Purchaser Agent, equal to the excess of the aggregate Investment of the Purchasers in its Purchaser Group in respect of such Receivable Pool over the aggregate amounts allocated at such time pursuant to clause (a) above, which Rate Tranche shall reflect the portion of such aggregate Investment in respect of such Receivable Pool funded or maintained by such Purchasers through the issuance of Commercial Paper Notes. Each Purchaser Agent may in respect of a Receivable Pool, in its sole discretion, declare any Yield Period applicable to any Investment of a Purchaser in its Purchaser Group in respect of such Receivable Pool to be terminated and allocate the portion of such Purchaser’s Investment allocated to such Yield Period to one or more other Yield Periods and Yield Rates as such Purchaser Agent shall select.

Selection of Rate Tranches. Subject to the requirements set forth in this Article II, each Purchaser Agent shall from time to time, only for purposes of computing Yield relating to each Receivable Pool with respect to each Purchaser in its Purchaser Group, account for such Purchaser’s Investment in respect of each Receivable Pool in terms of one or more Rate Tranches, Tranches and the applicable Yield Rate Rate, which may be different for each Rate Tranche. Each Purchaser’s Investment in respect of each the Receivable Pool shall be allocated to each Rate Tranche by the related Purchaser Agent to reflect the funding sources for each portion of the Asset Portfolio relating thereto, Receivable Pool so that: (a) there will be one or more Rate Tranches in respect of each Receivable PoolTHERE WILL BE ONE OR MORE RATE TRANCHES IN RESPECT OF THE RECEIVABLE POOL, selected by each Purchaser AgentSELECTED BY EACH PURCHASER AGENT, reflecting the portionREFLECTING THE PORTION, if anyIF ANY, of the aggregate Investment of the Purchasers in its Purchaser Group in respect of each Receivable Pool funded or maintained by such Purchasers other than through the issuance of Commercial Paper Notes OF THE AGGREGATE INVESTMENT OF THE PURCHASERS IN ITS PURCHASER GROUP FUNDED OR MAINTAINED BY SUCH PURCHASERS OTHER THAN THROUGH THE ISSUANCE OF COMMERCIAL PAPER NOTES (including by outstanding Liquidity Advances or by funding under an Enhancement AgreementINCLUDING BY OUTSTANDING LIQUIDITY ADVANCES OR BY FUNDING UNDER AN ENHANCEMENT AGREEMENT); andAND (b) there will be a Rate Tranche in respect of each Receivable PoolTHERE WILL BE A RATE TRANCHE IN RESPECT OF THE RECEIVABLE POOL, selected by each Purchaser AgentSELECTED BY EACH PURCHASER AGENT, equal to the excess of the aggregate Investment of the Purchasers in its Purchaser Group in respect of such Receivable Pool over the aggregate amounts allocated at such time pursuant to clause EQUAL TO THE EXCESS OF THE AGGREGATE INVESTMENT OF THE PURCHASERS IN ITS PURCHASER GROUP OVER THE AGGREGATE AMOUNTS ALLOCATED AT SUCH TIME PURSUANT TO CLAUSE (aA) aboveABOVE, which Rate Tranche shall reflect the portion of such aggregate Investment in respect of such Receivable Pool funded or maintained by such Purchasers through the issuance of Commercial Paper NotesWHICH RATE TRANCHE SHALL REFLECT THE PORTION OF SUCH AGGREGATE INVESTMENT FUNDED OR MAINTAINED BY SUCH PURCHASERS THROUGH THE ISSUANCE OF COMMERCIAL PAPER NOTES. Each Purchaser Agent may in respect of a Receivable Pool, in its sole discretion, declare allocate all or any Yield Period applicable to portion of any Purchaser’s Investment in respect of a any Purchaser in its Purchaser Group in respect of such Receivable Pool to be terminated and allocate the portion of such Purchaser’s Investment allocated to such Yield Period to one or more other Yield Periods and Yield Rates Rate Tranches as such Purchaser Agent shall select.

Selection of Rate Tranches. Subject to the requirements set forth in this Article II, each Purchaser Agent shall from time to time, only for purposes of computing Yield relating to each Receivable Pool with respect to each Purchaser in its Purchaser Group, account for such Purchaser’s Investment in respect of each Receivable Pool in terms of one or more Rate Tranches, Tranches and the applicable Yield Rate Rate, which may be different for each Rate Tranche. Each Purchaser’s Investment in respect of each the Receivable Pool shall be allocated to each Rate Tranche by the related Purchaser Agent to reflect the funding sources for each portion of the Asset Portfolio relating thereto, Receivable Pool so that: : (a) there will be one or more Rate Tranches in respect of each the Receivable Pool, selected by each Purchaser Agent, reflecting the portion, if any, of the aggregate Investment of the Purchasers in its Purchaser Group in respect of each Receivable Pool funded or maintained by such Purchasers other than through the issuance of Commercial Paper Notes (including by outstanding Liquidity Advances or by funding under an Enhancement Agreement); and and (b) there will be a Rate Tranche in respect of each the Receivable Pool, selected by each Purchaser Agent, equal to the excess of the aggregate Investment of the Purchasers in its Purchaser Group in respect of such Receivable Pool over the aggregate amounts allocated at such time pursuant to clause (a) above, which Rate Tranche shall reflect the portion of such aggregate Investment in respect of such Receivable Pool funded or maintained by such Purchasers through the issuance of Commercial Paper Notes. Each Purchaser Agent may in respect of a Receivable Pool, in its sole discretion, declare allocate all or any Yield Period applicable to portion of any Purchaser’s Investment in respect of a any Purchaser in its Purchaser Group in respect of such Receivable Pool to be terminated and allocate the portion of such Purchaser’s Investment allocated to such Yield Period to one or more other Yield Periods and Yield Rates Rate Tranches as such Purchaser Agent shall select.. 7 SK 28677 0004 8494650 v1726

Selection of Rate Tranches. Subject to the requirements set forth in this Article II, each Purchaser Agent shall from time to time, only for purposes of computing Yield relating to each Receivable Pool with respect to each Purchaser in its Purchaser Group, account for such Purchaser’s Investment in respect of each Receivable Pool in terms of one or more Rate Tranches, Tranches and the applicable Yield Rate Rate, which may be different for each Rate Tranche. Each Purchaser’s Investment in respect of each the Receivable Pool shall be allocated to each Rate Tranche by the related Purchaser Agent to reflect the funding sources for each portion of the Asset Portfolio relating thereto, Receivable Pool so that: (a) there will be one or more Rate Tranches in respect of each the Receivable Pool, selected by each Purchaser Agent, reflecting the portion, if any, of the aggregate Investment of the Purchasers in its Purchaser Group in respect of each Receivable Pool funded or maintained by such Purchasers other than through the issuance of Commercial Paper Notes (including by outstanding Liquidity Advances or by funding under an Enhancement Agreement); and (b) there will be a Rate Tranche in respect of each the Receivable Pool, selected by each Purchaser Agent, equal to the excess of the aggregate Investment of the Purchasers in its Purchaser Group in respect of such Receivable Pool over the aggregate amounts allocated at such time pursuant to clause (a) above, which Rate Tranche shall reflect the portion of such aggregate Investment in respect of such Receivable Pool funded or maintained by such Purchasers through the issuance of Commercial Paper Notes. Each Purchaser Agent may in respect of a Receivable Pool, in its sole discretion, declare allocate all or any Yield Period applicable to portion of any Purchaser’s Investment in respect of a any Purchaser in its Purchaser Group in respect of such Receivable Pool to be terminated and allocate the portion of such Purchaser’s Investment allocated to such Yield Period to one or more other Yield Periods and Yield Rates Rate Tranches as such Purchaser Agent shall select.

Selection of Rate Tranches. Subject to the requirements set forth in this Article II, each Purchaser Agent shall from time to time, only for purposes of computing Yield relating to each Receivable Pool with respect to each Purchaser in its Purchaser Group, account for such Purchaser’s Investment in respect of each Receivable Pool in terms of divide the Asset Interest into one or more Rate Tranches, and the applicable Yield Rate may be different for each Rate Tranche. Each Purchaser’s Investment in respect of each Receivable Pool shall be allocated to each Rate Tranche by the related Purchaser Agent to reflect the funding sources for each portion of the Asset Portfolio relating theretoInterest, so that: (a) there will be one or more Rate Tranches in respect of each Receivable PoolTranches, selected by each Purchaser Agent, reflecting the portion, if any, of the aggregate Investment of the Purchasers in its Purchaser Group in respect of each Receivable Pool Asset Interest funded or maintained by such Purchasers each Committed Purchaser other than through the issuance of Commercial Paper Notes or Letters of Credit (including by outstanding Liquidity Advances or by funding under an Enhancement Agreement); and (b) there will be one or more Rate Tranches, selected by each Purchaser Agent, reflecting the portion, if any, of the Asset Interest representing, and funded by, the Stated Amount of Letters of Credit issued by the related LOC Issuer; and (c) there will be a Rate Tranche in respect of each Receivable PoolTranche, selected by each Purchaser Agent, equal to the excess of the aggregate each Purchaser’s Investment of the Purchasers in its Purchaser Group in respect of such Receivable Pool over the aggregate amounts allocated at such time pursuant to clause (a) above, which Rate Tranche shall reflect the portion of such aggregate Investment in respect of such Receivable Pool the Asset Interest funded or maintained by such Purchasers through the issuance of Commercial Paper Notes. Each The applicable Purchaser Agent may in respect of a Receivable Poolmay, in its sole discretiondiscretion at any time and from time to time, declare any Yield Period applicable to any Purchaser’s Investment of a Purchaser in its Purchaser Group in respect of such Receivable Pool to be terminated and allocate the portion of such Purchaser’s Investment allocated to such Yield Period to one or more other Yield Periods and Yield Rates as such Purchaser Agent shall select.

Selection of Rate Tranches. Subject to the requirements set forth in this Article II, each Purchaser Agent shall from time to time, only for purposes of computing Yield relating to each Receivable Pool with respect to each Purchaser in its Purchaser Group, account for such Purchaser’s Investment in respect of each Receivable Pool in terms of one or more Rate Tranches, Tranches and the applicable Yield Rate Rate, which may be different for each Rate Tranche. Each Purchaser’s Investment in respect of each the Receivable Pool shall be allocated to each Rate Tranche by the related Purchaser Agent to reflect the funding sources for each portion of the Asset Portfolio relating thereto, Receivable Pool so that: : (a) there will be one or more Rate Tranches in respect of each the Receivable Pool, selected by each Purchaser Agent, reflecting the portion, if any, of the aggregate Investment of the Purchasers in its Purchaser Group in respect of each Receivable Pool funded or maintained by such Purchasers other than through the issuance of Commercial Paper Notes (including by outstanding Liquidity Advances or by funding under an Enhancement Agreement); and and (b) there will be a Rate Tranche in respect of each the Receivable Pool, selected by each Purchaser Agent, equal to the excess of the aggregate Investment of the Purchasers in its Purchaser Group in respect of such Receivable Pool over the aggregate amounts allocated at such time pursuant to clause (a) above, which Rate Tranche shall reflect the portion of such aggregate Investment in respect of such Receivable Pool funded or maintained by such Purchasers through the issuance of Commercial Paper Notes. Each Purchaser Agent may in respect of a Receivable Pool, in its sole discretion, declare allocate all or any Yield Period applicable to portion of any Purchaser’s Investment in respect of a any Purchaser in its Purchaser Group in respect of such Receivable Pool to be terminated and allocate the portion of such Purchaser’s Investment allocated to such Yield Period to one or more other Yield Periods and Yield Rates Rate Tranches as such Purchaser Agent shall select.. 7 SK 28677 0004 8494650 v1217

Selection of Rate Tranches. Subject to the requirements set forth in this Article II, each Purchaser Agent shall from time to time, only for purposes of computing Yield relating to each Receivable Pool with respect to each Purchaser in its Purchaser Group, account for such Purchaser’s Investment in respect of each Receivable Pool in terms of divide the Asset Interest into one or more Rate Tranches, and the applicable Yield Rate may be different for each Rate Tranche. Each Purchaser’s Investment in respect of each Receivable Pool shall be allocated to each Rate Tranche by the related Purchaser Agent to reflect the funding sources for each portion of the Asset Portfolio relating theretoInterest, so that: (a) there will be one or more Rate Tranches in respect of each Receivable PoolTranches, selected by each Purchaser Agent, reflecting the portion, if any, of the aggregate Investment of the Purchasers in its Purchaser Group in respect of each Receivable Pool Asset Interest funded or maintained by such Purchasers each Committed Purchaser other than through the issuance of Commercial Paper Notes or Letters of Credit (including by outstanding Liquidity Advances or by funding under an Enhancement Agreement); and (b) there will be one or more Rate Tranches, selected by each Purchaser Agent, reflecting the portion, if any, of the Asset Interest representing, and funded by, the Stated Amount of Letters of Credit issued by the related LOC Issuer; and (c) there will be a Rate Tranche in respect of each Receivable PoolTranche, selected by each Purchaser Agent, equal to the excess of the aggregate each Purchaser’s Investment of the Purchasers in its Purchaser Group in respect of such Receivable Pool over the aggregate amounts allocated at such time pursuant to clause (a) above, which Rate Tranche shall reflect the portion of such aggregate Investment in respect of such Receivable Pool the Asset Interest funded or maintained by such Purchasers through the issuance of Commercial Paper Notes. Each The applicable Purchaser Agent may in respect of a Receivable Poolmay, in its sole discretiondiscretion at any time and from time to time, declare any Yield Period applicable to any Purchaser’s Investment of a Purchaser in its Purchaser Group in respect of such Receivable Pool to be terminated and allocate the portion of such Purchaser’s Investment allocated to such Yield Period to one or more other Yield Periods and Yield Rates as such Purchaser Agent shall select.. 22 Mylan