Common use of Appointment of Calculation Agent Clause in Contracts

Appointment of Calculation Agent. The Company hereby appoints U.S. Bank National Association as calculation agent solely with respect to calculating the amount of dividends to be paid with respect to the Stock, including determining three-month LIBOR, if applicable, in the manner and at the times provided in Exhibit C annexed hereto, and U.S. Bank National Association hereby accepts such appointment. U.S. Bank National Association, in such capacity, shall communicate in writing such determination and its calculation of the amount of such dividends on the applicable dividend determination date, as described in Exhibit C annexed hereto, to the Company in the manner set forth in Section 7.4 hereof or, alternately, to the Company via electronic mail (at an electronic mail address provided to the Depositary by the Company), followed by a telephonic confirmation. With respect to the appointment of U.S. Bank National Association as calculation agent, each of the Company and U.S. Bank National Association, in their respective capacities under such appointment, shall be entitled to the same rights, indemnities, immunities and benefits as the Company and Depositary hereunder, respectively, as if explicitly named in each such provision.

Appointment of Calculation Agent. The Company hereby appoints U.S. Bank National Association as calculation agent solely with respect to calculating the amount of dividends to be paid with respect to the Stock, including determining threethe 3-month LIBORMonth LIBOR rate, if applicable, in the manner and at the times provided in Exhibit C B annexed hereto, and U.S. Bank National Association hereby accepts such appointment. U.S. Bank National Association, in such capacity, shall communicate in writing such determination and its calculation of the amount of such dividends on the applicable dividend 3-Month LIBOR determination date, as described in Exhibit C B annexed hereto, to the Company in the manner set forth in Section 7.4 hereof or, alternately, to the Company via electronic mail (at an electronic mail address provided to the Depositary by the Company), followed by a telephonic confirmation. With respect to the appointment of U.S. Bank National Association as calculation agent, each of the Company and U.S. Bank National Association, in their respective capacities under such appointment, shall be entitled to the same rights, indemnities, immunities and benefits as the Company and Depositary hereunder, respectively, as if explicitly named in each such provision. In furtherance thereof, U.S. Bank National Association, as calculation agent, shall seek guidance from the Company in determining whether the “Non-Cumulative Dividend Period” (as defined in Exhibit B below) has commenced.