Common use of Appointment of Calculation Agent Clause in Contracts

Appointment of Calculation Agent. BNY MTC is hereby appointed Calculation Agent for the purpose of determining the Class A-1 Note Rate for each Series 2004-1 Interest Period. On each LIBOR Determination Date, the Calculation Agent shall determine the Class A-1 Note Rate for the next succeeding Series 2004-1 Interest Period and deliver notice of the Class A-1 Note Rate to the Trustee and the Administrator.

Appointment of Calculation Agent. BNY MTC is hereby appointed Calculation Agent for the purpose of determining the Class A-1 B-1 Note Rate for each Series 20042005-1 4 Interest Period. On each LIBOR Determination Date, the Calculation Agent shall determine the Class A-1 B-1 Note Rate for the next succeeding Series 20042005-1 4 Interest Period and deliver notice of the Class A-1 B-1 Note Rate to the Trustee and the Administrator.

Appointment of Calculation Agent. BNY MTC is hereby appointed Calculation Agent for the purpose of determining the Class A-1 B-1 Note Rate and the Class B-3 Note Rate for each Series 20042005-1 3 Interest Period. On each LIBOR Determination Date, the Calculation Agent shall determine the Class A-1 B-1 Note Rate and the Class B-3 Note Rate for the next succeeding Series 20042005-1 3 Interest Period and deliver notice of the Class A-1 B-1 Note Rate and the Class B-3 Note Rate to the Trustee and the Administrator.