{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "the-calculation-agent", "type": "definition", "offset": [0, 21]}], "size": 623, "snippet": "The Calculation Agent is Party A.", "samples": [{"hash": "hsbZuXR6PPl", "uri": "/contracts/hsbZuXR6PPl#calculation-agent", "label": "Master Agreement", "score": 32.0836029053, "published": true}, {"hash": "ijxQKOserr9", "uri": "/contracts/ijxQKOserr9#calculation-agent", "label": "Master Agreement", "score": 32.078125, "published": true}, {"hash": "dTt6E7U8Tuv", "uri": "/contracts/dTt6E7U8Tuv#calculation-agent", "label": "Master Agreement", "score": 32.078125, "published": true}], "hash": "24257c1adc9ad3f340cfc74da73fb2a1", "id": 1}, {"snippet_links": [{"key": "the-company-hereby", "type": "clause", "offset": [4, 22]}, {"key": "the-securities", "type": "clause", "offset": [57, 71]}, {"key": "at-all-times", "type": "definition", "offset": [103, 115]}, {"key": "an-agent", "type": "clause", "offset": [119, 127]}, {"key": "in-respect-of", "type": "definition", "offset": [157, 170]}, {"key": "interest-payment-date", "type": "clause", "offset": [176, 197]}, {"key": "in-accordance-with", "type": "clause", "offset": [198, 216]}, {"key": "schedule-a", "type": "clause", "offset": [230, 240]}, {"key": "the-company-has", "type": "definition", "offset": [268, 283]}, {"key": "property-trustee", "type": "definition", "offset": [308, 324]}, {"key": "for-purposes-of", "type": "clause", "offset": [346, 361]}, {"key": "the-calculation-agent", "type": "definition", "offset": [412, 433]}, {"key": "by-the-company", "type": "clause", "offset": [449, 463]}, {"key": "at-any-time", "type": "clause", "offset": [464, 475]}, {"key": "agent-shall", "type": "definition", "offset": [554, 565]}, {"key": "to-act", "type": "definition", "offset": [698, 704]}, {"key": "the-company-will", "type": "clause", "offset": [743, 759]}, {"key": "replacement-calculation-agent", "type": "definition", "offset": [782, 811]}, {"key": "london-office", "type": "definition", "offset": [816, 829]}, {"key": "engaged-in", "type": "definition", "offset": [857, 867]}, {"key": "eurodollar-deposits", "type": "clause", "offset": [884, 903]}, {"key": "eurodollar-market", "type": "definition", "offset": [925, 942]}, {"key": "under-common-control", "type": "definition", "offset": [997, 1017]}, {"key": "having-been", "type": "clause", "offset": [1122, 1133]}, {"key": "as-soon-as-possible", "type": "definition", "offset": [1209, 1228]}, {"key": "london-time", "type": "definition", "offset": [1247, 1258]}, {"key": "libor-determination-date", "type": "definition", "offset": [1268, 1292]}, {"key": "in-no-event", "type": "clause", "offset": [1325, 1336]}, {"key": "business-day", "type": "clause", "offset": [1380, 1392]}, {"key": "the-interest-rate", "type": "clause", "offset": [1483, 1500]}, {"key": "rounded-to", "type": "clause", "offset": [1532, 1542]}, {"key": "to-the-company", "type": "clause", "offset": [1682, 1696]}, {"key": "the-trustee", "type": "clause", "offset": [1698, 1709]}, {"key": "paying-agent", "type": "definition", "offset": [1716, 1728]}, {"key": "the-depositary", "type": "definition", "offset": [1733, 1747]}, {"key": "the-foregoing", "type": "definition", "offset": [1830, 1843]}, {"key": "notify-the", "type": "clause", "offset": [1919, 1929]}, {"key": "in-the-process", "type": "definition", "offset": [2043, 2057]}, {"key": "not-determined", "type": "definition", "offset": [2120, 2134]}, {"key": "determination-of-the", "type": "clause", "offset": [2269, 2289]}, {"key": "manifest-error", "type": "definition", "offset": [2372, 2386]}, {"key": "binding-upon", "type": "clause", "offset": [2401, 2413]}, {"key": "all-parties", "type": "clause", "offset": [2414, 2425]}, {"key": "purpose-of", "type": "clause", "offset": [2440, 2450]}, {"key": "calculating-the", "type": "clause", "offset": [2451, 2466]}, {"key": "london-interbank-market", "type": "definition", "offset": [2607, 2630]}], "size": 365, "snippet": "(a) The Company hereby agrees that for so long as any of the Securities remain Outstanding, there will at all times be an agent appointed to calculate LIBOR in respect of each Interest Payment Date in accordance with the terms of Schedule A (the \u201cCalculation Agent\u201d). The Company has initially appointed the Property Trustee as Calculation Agent for purposes of determining LIBOR for each Interest Payment Date. The Calculation Agent may be removed by the Company at any time. So long as the Property Trustee holds any of the Securities, the Calculation Agent shall be the Property Trustee, except as described in the immediately preceding sentence. If the Calculation Agent is unable or unwilling to act as such or is removed by the Company, the Company will promptly appoint as a replacement Calculation Agent the London office of a leading bank which is engaged in transactions in Eurodollar deposits in the international Eurodollar market and which does not control or is not controlled by or under common control with the Company or its Affiliates. The Calculation Agent may not resign its duties without a successor having been duly appointed.\n(b) The Calculation Agent shall be required to agree that, as soon as possible after 11:00 a.m. (London time) on each LIBOR Determination Date (as defined in Schedule A), but in no event later than 11:00 a.m. (London time) on the Business Day immediately following each LIBOR Determination Date, the Calculation Agent will calculate the interest rate (the Interest Payment shall be rounded to the nearest cent, with half a cent being rounded upwards) for the related Interest Payment Date, and will communicate such rate and amount to the Company, the Trustee, each Paying Agent and the Depositary. The Calculation Agent will also specify to the Company the quotations upon which the foregoing rates and amounts are based and, in any event, the Calculation Agent shall notify the Company before 5:00 p.m. (London time) on each LIBOR Determination Date that either: (i) it has determined or is in the process of determining the foregoing rates and amounts or (ii) it has not determined and is not in the process of determining the foregoing rates and amounts, together with its reasons therefor. The Calculation Agent\u2019s determination of the foregoing rates and amounts for any Interest Payment Date will (in the absence of manifest error) be final and binding upon all parties. For the sole purpose of calculating the interest rate for the Securities, \u201cBusiness Day\u201d shall be defined as any day on which dealings in deposits in Dollars are transacted in the London interbank market.", "samples": [{"hash": "9vcdTzM4Ek1", "uri": "/contracts/9vcdTzM4Ek1#calculation-agent", "label": "Junior Subordinated Indenture (New York Mortgage Trust Inc)", "score": 23.6036968231, "published": true}, {"hash": "lCQNgQ8LI9F", "uri": "/contracts/lCQNgQ8LI9F#calculation-agent", "label": "Junior Subordinated Indenture (American Equity Investment Life Holding Co)", "score": 21.0, "published": true}, {"hash": "jtYAxfqSo7j", "uri": "/contracts/jtYAxfqSo7j#calculation-agent", "label": "Junior Subordinated Indenture (Novastar Financial Inc)", "score": 21.0, "published": true}], "hash": "f39d22f1980527022df239c72f0dfc4f", "id": 2}, {"snippet_links": [{"key": "in-good-faith", "type": "clause", "offset": [71, 84]}, {"key": "commercially-reasonable-manner", "type": "definition", "offset": [94, 124]}, {"key": "agent-hereunder", "type": "clause", "offset": [188, 203]}, {"key": "written-request", "type": "definition", "offset": [212, 227]}, {"key": "by-company", "type": "clause", "offset": [228, 238]}, {"key": "agent-shall", "type": "definition", "offset": [256, 267]}, {"key": "trading-days", "type": "definition", "offset": [318, 330]}, {"key": "to-company", "type": "definition", "offset": [340, 350]}, {"key": "mail-to", "type": "definition", "offset": [356, 363]}, {"key": "the-e", "type": "clause", "offset": [364, 369]}, {"key": "mail-address", "type": "clause", "offset": [370, 382]}, {"key": "company-in", "type": "clause", "offset": [395, 405]}, {"key": "file-format", "type": "definition", "offset": [448, 459]}, {"key": "financial-data", "type": "definition", "offset": [496, 510]}, {"key": "the-basis", "type": "clause", "offset": [544, 553]}, {"key": "such-determination", "type": "definition", "offset": [558, 576]}, {"key": "to-disclose", "type": "definition", "offset": [740, 751]}, {"key": "proprietary-information", "type": "definition", "offset": [778, 801]}], "size": 74, "snippet": "Dealer, whose judgments, determinations and calculations shall be made in good faith and in a commercially reasonable manner. Following any determination or calculation by the Calculation Agent hereunder, upon a written request by Company, the Calculation Agent shall promptly (but in any event within three Scheduled Trading Days) provide to Company by e-mail to the e-mail address provided by Company in such request a report (in a commonly used file format for the storage and manipulation of financial data) displaying in reasonable detail the basis for such determination or calculation (including any assumptions used in making such determination or calculation), it being understood that the Calculation Agent shall not be obligated to disclose any proprietary models or proprietary information used by it for such determination or calculation.", "samples": [{"hash": "lyROzfjgst7", "uri": "/contracts/lyROzfjgst7#calculation-agent", "label": "Base Call Option Transaction (Shutterfly Inc)", "score": 24.3812465668, "published": true}, {"hash": "lOU2WYljxZk", "uri": "/contracts/lOU2WYljxZk#calculation-agent", "label": "Call Option Transaction (Shutterfly Inc)", "score": 24.3812465668, "published": true}, {"hash": "lN9zFXsAkZD", "uri": "/contracts/lN9zFXsAkZD#calculation-agent", "label": "Call Option Transaction (Shutterfly Inc)", "score": 24.3812465668, "published": true}], "hash": "c70ab34e3f9a94c4e8efdfe5a871de8f", "id": 8}, {"snippet_links": [{"key": "in-good-faith", "type": "clause", "offset": [70, 83]}, {"key": "commercially-reasonable-manner", "type": "definition", "offset": [93, 123]}, {"key": "provided-that", "type": "definition", "offset": [125, 138]}, {"key": "following-the", "type": "definition", "offset": [140, 153]}, {"key": "continuance-of-an-event-of-default", "type": "clause", "offset": [180, 214]}, {"key": "the-agreement", "type": "clause", "offset": [261, 274]}, {"key": "with-respect-to", "type": "clause", "offset": [275, 290]}, {"key": "defaulting-party", "type": "clause", "offset": [316, 332]}, {"key": "the-calculation-agent", "type": "definition", "offset": [337, 358]}, {"key": "determination-required", "type": "clause", "offset": [411, 433]}, {"key": "agent-hereunder", "type": "clause", "offset": [464, 479]}, {"key": "obligation-of-the", "type": "clause", "offset": [498, 515]}, {"key": "exchange-business-days", "type": "definition", "offset": [580, 602]}, {"key": "notice-to-the", "type": "clause", "offset": [613, 626]}, {"key": "right-to-designate", "type": "clause", "offset": [706, 724]}, {"key": "nationally-recognized", "type": "definition", "offset": [727, 748]}, {"key": "to-act", "type": "definition", "offset": [817, 823]}, {"key": "during-the-period", "type": "clause", "offset": [825, 842]}, {"key": "commencing-on-the", "type": "clause", "offset": [843, 860]}, {"key": "early-termination-date", "type": "definition", "offset": [915, 937]}, {"key": "agent-shall", "type": "definition", "offset": [1130, 1141]}, {"key": "trading-days", "type": "definition", "offset": [1191, 1203]}, {"key": "provide-to", "type": "clause", "offset": [1205, 1215]}, {"key": "mail-to", "type": "definition", "offset": [1234, 1241]}, {"key": "the-e", "type": "clause", "offset": [1242, 1247]}, {"key": "mail-address", "type": "clause", "offset": [1248, 1260]}, {"key": "file-format", "type": "definition", "offset": [1331, 1342]}, {"key": "financial-data", "type": "definition", "offset": [1379, 1393]}, {"key": "the-basis", "type": "clause", "offset": [1427, 1436]}, {"key": "such-determination", "type": "definition", "offset": [1441, 1459]}, {"key": "to-disclose", "type": "definition", "offset": [1623, 1634]}, {"key": "proprietary-or-confidential-information", "type": "definition", "offset": [1683, 1722]}], "size": 152, "snippet": "Dealer whose judgments, determinations and calculations shall be made in good faith and in a commercially reasonable manner; provided that, following the occurrence and during the continuance of an Event of Default of the type described in Section 5(a)(vii) of the Agreement with respect to which Dealer is the sole Defaulting Party, if the Calculation Agent fails to timely make any calculation, adjustment or determination required to be made by the Calculation Agent hereunder or to perform any obligation of the Calculation Agent hereunder and such failure continues for five Exchange Business Days following notice to the Calculation Agent by Counterparty of such failure, Counterparty shall have the right to designate a nationally recognized third-party dealer in over-the-counter corporate equity derivatives to act, during the period commencing on the date such Event of Default occurred and ending on the Early Termination Date with respect to such Event of Default, as the Calculation Agent. Following any determination or calculation by the Calculation Agent hereunder, upon a request by Counterparty, the Calculation Agent shall promptly (but in any event within five Scheduled Trading Days) provide to Counterparty by e-mail to the e-mail address provided by Counterparty in such request a report (in a commonly used file format for the storage and manipulation of financial data) displaying in reasonable detail the basis for such determination or calculation (including any assumptions used in making such determination or calculation), it being understood that the Calculation Agent shall not be obligated to disclose any proprietary or confidential models or other proprietary or confidential information used by it for such determination or calculation.", "samples": [{"hash": "j6vwNykdaby", "uri": "/contracts/j6vwNykdaby#calculation-agent", "label": "Forward Confirmation (Essential Properties Realty Trust, Inc.)", "score": 37.1341552734, "published": true}, {"hash": 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"/contracts/h45Vx4qch71#calculation-agent", "label": "2002 Master Agreement (GraniteShares ETF Trust)", "score": 33.5694732666, "published": true}, {"hash": "3Yx2CbgqT3a", "uri": "/contracts/3Yx2CbgqT3a#calculation-agent", "label": "Client Agreement", "score": 32.7114753723, "published": true}, {"hash": "bscT8KaBxAt", "uri": "/contracts/bscT8KaBxAt#calculation-agent", "label": "Client Agreement", "score": 32.550403595, "published": true}], "hash": "67121bddcfb6294a434923e2b56cee02", "id": 3}, {"snippet_links": [{"key": "in-good-faith", "type": "clause", "offset": [71, 84]}, {"key": "commercially-reasonable-manner", "type": "definition", "offset": [94, 124]}, {"key": "provided-that", "type": "definition", "offset": [126, 139]}, {"key": "following-the", "type": "definition", "offset": [141, 154]}, {"key": "continuance-of-an-event-of-default", "type": "clause", "offset": [181, 215]}, {"key": "the-agreement", "type": "clause", "offset": [262, 275]}, {"key": "with-respect-to", "type": 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"definition", "offset": [1217, 1228]}, {"key": "trading-days", "type": "definition", "offset": [1279, 1291]}, {"key": "provide-to", "type": "clause", "offset": [1293, 1303]}, {"key": "mail-to", "type": "definition", "offset": [1322, 1329]}, {"key": "the-e", "type": "clause", "offset": [1330, 1335]}, {"key": "mail-address", "type": "clause", "offset": [1336, 1348]}, {"key": "file-format", "type": "definition", "offset": [1419, 1430]}, {"key": "financial-data", "type": "definition", "offset": [1467, 1481]}, {"key": "the-basis", "type": "clause", "offset": [1515, 1524]}, {"key": "such-determination", "type": "definition", "offset": [1529, 1547]}, {"key": "subject-to", "type": "definition", "offset": [1873, 1883]}, {"key": "obligation-not-to-disclose", "type": "clause", "offset": [1887, 1913]}, {"key": "such-information", "type": "definition", "offset": [1914, 1930]}], "size": 132, "snippet": "Dealer, whose judgments, determinations and calculations shall be made in good faith and in a commercially reasonable manner; provided that, following the occurrence and during the continuance of an Event of Default of the type described in Section 5(a)(vii) of the Agreement with respect to which Dealer is the sole Defaulting Party, if the Calculation Agent fails to timely make any calculation, adjustment or determination required to be made by the Calculation Agent hereunder or to perform any obligation of the Calculation Agent hereunder and such failure continues for five (5) Exchange Business Days following notice to the Calculation Agent by Counterparty of such failure, Counterparty shall have the right to designate a nationally recognized third-party dealer in over-the-counter corporate equity derivatives to act, during the period commencing on the date such Event of Default occurred and ending on the Early Termination Date with respect to such Event of Default (or, if earlier, the date on which such Event of Default is no longer continuing), as the Calculation Agent. Following any determination or calculation by the Calculation Agent hereunder, upon a request by Counterparty, the Calculation Agent shall promptly (but in any event within three Scheduled Trading Days) provide to Counterparty by e-mail to the e-mail address provided by Counterparty in such request a report (in a commonly used file format for the storage and manipulation of financial data) displaying in reasonable detail the basis for such determination or calculation (including any assumptions used in making such determination or calculation), it being understood that the Calculation Agent shall not be obligated to disclose any proprietary or confidential models used by it for such determination or calculation or any information that may be proprietary or confidential or subject to an obligation not to disclose such information.", "samples": [{"hash": "l3IjLyUV96U", "uri": "/contracts/l3IjLyUV96U#calculation-agent", "label": "Call Option Transaction (Wayfair Inc.)", "score": 34.3579750061, "published": true}, {"hash": "kXcjWFybyHQ", "uri": "/contracts/kXcjWFybyHQ#calculation-agent", "label": "Call Option Transaction (Wayfair Inc.)", "score": 34.3579750061, "published": true}, {"hash": "jmdtSIWg1M5", "uri": "/contracts/jmdtSIWg1M5#calculation-agent", "label": "Base Call Option Transaction (Wayfair Inc.)", "score": 34.3579750061, "published": true}], "hash": "4a6be354f6709a6c8e0b8b30f6fa3e5e", "id": 6}, {"snippet_links": [{"key": "the-company-has", "type": "definition", "offset": [11, 26]}, {"key": "outstanding-notes", "type": "definition", "offset": [53, 70]}, {"key": "prior-to-the", "type": "clause", "offset": [117, 129]}, {"key": "first-reset-date", "type": "definition", "offset": [130, 146]}, {"key": "the-company-will", "type": "clause", "offset": [148, 164]}, {"key": "the-notes", "type": "clause", "offset": [223, 232]}, {"key": "reset-interest-determination-date", "type": "definition", "offset": [246, 279]}, {"key": "provided-that", "type": "definition", "offset": [324, 337]}, {"key": "proposed-redemption-date", "type": "definition", "offset": [653, 677]}, {"key": "company-may-terminate", "type": "clause", "offset": [683, 704]}, {"key": "successor-calculation-agent", "type": "definition", "offset": [744, 771]}, {"key": "at-any-time", "type": "clause", "offset": [772, 783]}, {"key": "from-time-to-time", "type": "clause", "offset": [788, 805]}, {"key": "in-respect-of", "type": "definition", "offset": [860, 873]}, {"key": "the-securities", "type": "clause", "offset": [874, 888]}, {"key": "affiliate-of-the-company", "type": "definition", "offset": [960, 984]}, {"key": "applicable-interest-rate", "type": "definition", "offset": [1015, 1039]}, {"key": "reset-period", "type": "definition", "offset": [1049, 1061]}, {"key": "the-calculation-agent", "type": "definition", "offset": [1084, 1105]}, {"key": "promptly-upon", "type": "definition", "offset": [1162, 1175]}, {"key": "such-determination", "type": "definition", "offset": [1176, 1194]}, {"key": "notify-the", "type": "clause", "offset": [1223, 1233]}, {"key": "the-interest-rate", "type": "clause", "offset": [1245, 1262]}, {"key": "and-the-company", "type": "clause", "offset": [1284, 1299]}, {"key": "promptly-notify", "type": "definition", "offset": [1305, 1320]}, {"key": "the-trustee", "type": "clause", "offset": [1373, 1384]}, {"key": "paying-agent", "type": "definition", "offset": [1394, 1406]}, {"key": "determination-of", "type": "clause", "offset": [1468, 1484]}, {"key": "interest-for", "type": "definition", "offset": [1541, 1553]}, {"key": "beginning-on", "type": "clause", "offset": [1582, 1594]}, {"key": "on-file", "type": "clause", "offset": [1634, 1641]}, {"key": "principal-offices", "type": "definition", "offset": [1659, 1676]}, {"key": "to-any-holder", "type": "definition", "offset": [1701, 1714]}, {"key": "beneficial-owner", "type": "clause", "offset": [1718, 1734]}, {"key": "notes-upon-request", "type": "clause", "offset": [1742, 1760]}, {"key": "final-and-binding", "type": "definition", "offset": [1773, 1790]}, {"key": "manifest-error", "type": "definition", "offset": [1809, 1823]}, {"key": "trustee-shall", "type": "definition", "offset": [1833, 1846]}, {"key": "in-no-event-shall", "type": "clause", "offset": [1932, 1949]}, {"key": "liability-for", "type": "clause", "offset": [2019, 2032]}, {"key": "actions-taken", "type": "clause", "offset": [2038, 2051]}, {"key": "with-respect-to", "type": "clause", "offset": [2116, 2131]}], "size": 69, "snippet": "(a) Unless the Company has validly called all of the outstanding Notes for redemption on a Redemption Date occurring prior to the First Reset Date, the Company will appoint a calculation agent (the \u201cCalculation Agent\u201d) for the Notes prior to the Reset Interest Determination Date immediately preceding the First Reset Date; provided that, if the Company has called all of the outstanding Notes for redemption on a Redemption Date occurring prior to the First Reset Date but the Company does not redeem all of the outstanding Notes on such Redemption Date, the Company will appoint a Calculation Agent for the Notes as promptly as practicable after such proposed Redemption Date. The Company may terminate any such appointment and may appoint a successor Calculation Agent at any time and from time to time (so long as there shall always be a Calculation Agent in respect of the Securities of this series when so required). The Company may appoint itself or an affiliate of the Company as Calculation Agent.\n(b) The applicable interest rate for each Reset Period will be determined by the Calculation Agent as of the applicable Reset Interest Determination Date. Promptly upon such determination, the Calculation Agent will notify the Company of the interest rate for the Reset Period and the Company will promptly notify, or cause the Calculation Agent to promptly notify, the Trustee and each Paying Agent for the Notes of such interest rate. The Calculation Agent\u2019s determination of any interest rate, and its calculation of the amount of interest for any Interest Payment Period beginning on or after the First Reset Date, will be on file at the Company\u2019s principal offices, will be made available to any Holder or beneficial owner of the Notes upon request and will be final and binding in the absence of manifest error.\n(c) The Trustee shall be entitled to conclusively rely on any determination made by the Calculation Agent. In no event shall the Trustee be the Calculation Agent, nor shall the Trustee have any liability for such actions taken at the Calculation Agent\u2019s direction or otherwise in connection with respect to any such determination by the Calculation Agent.", "samples": [{"hash": "5ys5GSp91hR", "uri": "/contracts/5ys5GSp91hR#calculation-agent", "label": "Second Supplemental Indenture (Sierra Pacific Power Co)", "score": 37.188911438, "published": true}, {"hash": "jW00EHOHk8N", "uri": "/contracts/jW00EHOHk8N#calculation-agent", "label": "Second Supplemental Indenture (Pacificorp /Or/)", "score": 37.0958251953, "published": true}, {"hash": "3ogFtiRB1t2", "uri": "/contracts/3ogFtiRB1t2#calculation-agent", "label": "First Supplemental Indenture (Midamerican Energy Co)", "score": 36.8384666443, "published": true}], "hash": "47dd334355d53c0bfef394e6c8580d9c", "id": 10}, {"snippet_links": [{"key": "the-calculation-agent", "type": "definition", "offset": [0, 21]}, {"key": "provided-however", "type": "clause", "offset": [34, 50]}, {"key": "an-event-of-default", "type": "definition", "offset": [55, 74]}, {"key": "to-party-a", "type": "clause", "offset": [113, 123]}, {"key": "agent-shall", "type": "definition", "offset": [146, 157]}, {"key": "party-b-shall", "type": "clause", "offset": [172, 185]}, {"key": "financial-institution", "type": "clause", "offset": [211, 232]}, {"key": "reference-market", "type": "definition", "offset": [259, 275]}, {"key": "to-act", "type": "definition", "offset": [282, 288]}], "size": 176, "snippet": "The Calculation Agent is Party A; provided however, if an Event of Default occurs and is continuing with respect to Party A, then the Calculation Agent shall be Party B or Party B shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker to act as Calculation Agent.", "samples": [{"hash": "lHmpCCtm3oV", "uri": "/contracts/lHmpCCtm3oV#calculation-agent", "label": "Isda Master Agreement (Deutsche Alt-a 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{"key": "principal-amount", "type": "definition", "offset": [1882, 1898]}, {"key": "rounded-to", "type": "clause", "offset": [1910, 1920]}, {"key": "paying-agent", "type": "definition", "offset": [2040, 2052]}, {"key": "note-interest-rate", "type": "definition", "offset": [2154, 2172]}, {"key": "notify-the", "type": "clause", "offset": [2228, 2238]}, {"key": "in-the-process", "type": "definition", "offset": [2351, 2365]}, {"key": "the-note", "type": "clause", "offset": [2381, 2389]}, {"key": "class-a-note-interest-amount", "type": "definition", "offset": [2412, 2440]}, {"key": "not-determined", "type": "definition", "offset": [2456, 2470]}, {"key": "prior-to-the", "type": "clause", "offset": [2679, 2691]}, {"key": "one-year", "type": "definition", "offset": [2706, 2714]}, {"key": "the-applicable", "type": "clause", "offset": [2743, 2757]}, {"key": "preference-period", "type": "definition", "offset": [2758, 2775]}, {"key": "payment-in-full", "type": "definition", "offset": [2787, 2802]}, {"key": "any-other-person", "type": "definition", "offset": [2852, 2868]}, {"key": "liquidation-proceedings", "type": "definition", "offset": [2975, 2998]}, {"key": "other-proceedings", "type": "clause", "offset": [3003, 3020]}, {"key": "similar-laws", "type": "definition", "offset": [3058, 3070]}, {"key": "section-716", "type": "clause", "offset": [3088, 3100]}, {"key": "any-action", "type": "definition", "offset": [3177, 3187]}, {"key": "expiration-of-the", "type": "clause", "offset": [3201, 3218]}, {"key": "involuntary-insolvency-proceeding", "type": "clause", "offset": [3360, 3393]}, {"key": "a-person", "type": "definition", "offset": [3416, 3424]}, {"key": "legal-action", "type": "definition", "offset": [3531, 3543]}], "size": 79, "snippet": "(a) The Issuer hereby agrees that for so long as any of the Class A Notes remain Outstanding there will at all times be a calculation agent appointed to calculate LIBOR in accordance with the terms of Schedule C hereto (the \u201cCalculation Agent\u201d). The Calculation Agent appointed by the Issuer must be a leading bank engaged in transactions in Eurodollar deposits in the international Eurodollar market which bank does not control, is not controlled by and is not under common control with, the Issuer, the Collateral Manager or any of their respective Affiliates. The Calculation Agent may be removed by the Issuer at any time. If the Calculation Agent is unable or unwilling to act as such or is removed by the Issuer, or if the Calculation Agent fails to determine any of the information required to be determined as described in subsection (b), the Issuer will promptly appoint another leading bank meeting the qualifications set forth above to act as Calculation Agent. The Calculation Agent may not resign its duties without a successor having been duly appointed. The Issuer has initially appointed the Trustee as Calculation Agent for purposes of determining LIBOR for the Class A Notes.\n(b) The Calculation Agent shall be required to agree that, as soon as practicable after 11:00 a.m., London time, on each LIBOR Determination Date, but in no event later than 11:00 a.m., London time, on the Business Day following such LIBOR Determination Date, the Calculation Agent will calculate the interest rate applicable to the Class A Notes for the following Interest Accrual Period or other Applicable Period, and will as soon as practicable but in no event later than 11:00 a.m., New York time, on the Business Day following such LIBOR Determination Date, communicate such rates, and the amount of interest payable on the next Payment Date in respect of the Class A Notes, with a principal amount of $1,000 (rounded to the nearest cent, with half a cent being rounded upwards), to the Issuer, the Trustee, the Collateral Manager and each Paying Agent.\n(c) The Calculation Agent shall be required to specify to the Issuer the quotations upon which each Note Interest Rate is based, and in any event the Calculation Agent shall notify the Issuer before 5:00 p.m. (London time) on each LIBOR Determination Date that either: (i) it has determined or is in the process of determining the Note Interest Rate and the Class A Note Interest Amount or (ii) it has not determined and is not in the process of determining the Note Interest Rate and the Class A Note Interest Amount, together with its reasons therefor.\n(d) The Calculation Agent shall be required to agree that it may not, prior to the date which is one year and one day (or, if longer, the applicable preference period) after the payment in full of all Class A Notes, institute against, or join any other Person in instituting against, the Issuer any bankruptcy, reorganization, arrangement, insolvency, moratorium or liquidation proceedings, or other proceedings under federal or state bankruptcy or similar laws. Nothing in this Section 7.16 shall preclude, or be deemed to stop, the Calculation Agent (i) from taking any action prior to the expiration of the aforementioned one year and one day (or longer) period in (A) any case or proceeding voluntarily filed or commenced by the Issuer or (B) any involuntary insolvency proceeding filed or commenced by a Person other than the Calculation Agent, or (ii) from commencing against the Issuer or any of its properties any legal action which is not a bankruptcy, reorganization, arrangement, insolvency, moratorium or liquidation proceeding.", "samples": [{"hash": "xmHcUdpcoX", "uri": "/contracts/xmHcUdpcoX#calculation-agent", "label": "Indenture (FS Investment Corp II)", "score": 24.101984024, "published": true}, {"hash": "irctGKjNvZJ", "uri": "/contracts/irctGKjNvZJ#calculation-agent", "label": "Indenture (FS Investment Corp II)", "score": 23.8281993866, "published": true}, {"hash": "8a1IcJJv2lm", "uri": "/contracts/8a1IcJJv2lm#calculation-agent", "label": "Indenture (FS Investment CORP)", "score": 23.7488021851, "published": true}], "hash": "73a06004238b373133146ac00a075012", "id": 7}, {"snippet_links": [{"key": "trustee-shall", "type": "definition", "offset": [17, 30]}, {"key": "subject-to-the", "type": "definition", "offset": [47, 61]}, {"key": "the-notes", "type": "clause", "offset": [125, 134]}, {"key": "the-calculation-agent", "type": "definition", "offset": [139, 160]}, {"key": "for-purposes-of", "type": "clause", "offset": [161, 176]}, {"key": "distribution-date", "type": "clause", "offset": [204, 221]}, {"key": "administrative-trustees", "type": "definition", "offset": [267, 290]}, {"key": "at-any-time", "type": "clause", "offset": [291, 302]}, {"key": "to-act", "type": "definition", "offset": [352, 358]}, {"key": "replacement-calculation-agent", "type": "definition", "offset": [468, 497]}, {"key": "london-office", "type": "definition", "offset": [502, 515]}, {"key": "engaged-in", "type": "definition", "offset": [543, 553]}, {"key": "dollar-deposits", "type": "clause", "offset": [587, 602]}, {"key": "under-common-control", "type": "definition", "offset": [667, 687]}, {"key": "having-been", "type": "clause", "offset": [807, 818]}, {"key": "agent-shall", "type": "definition", "offset": [855, 866]}, {"key": "as-soon-as-possible", "type": "definition", "offset": [894, 913]}, {"key": "london-time", "type": "definition", "offset": [932, 943]}, {"key": "libor-determination-date", "type": "definition", "offset": [953, 977]}, {"key": "in-no-event", "type": "clause", "offset": [983, 994]}, {"key": "business-day", "type": "clause", "offset": [1038, 1050]}, {"key": "the-interest-rate", "type": "clause", "offset": [1141, 1158]}, {"key": "rounded-to", "type": "clause", "offset": [1160, 1170]}, {"key": "the-depositor", "type": "definition", "offset": [1309, 1322]}, {"key": "paying-agent", "type": "definition", "offset": [1351, 1363]}, {"key": "the-depositary", "type": "definition", "offset": [1368, 1382]}, {"key": "the-foregoing", "type": "definition", "offset": [1481, 1494]}, {"key": "notify-the", "type": "clause", "offset": [1570, 1580]}, {"key": "in-the-process", "type": "definition", "offset": [1710, 1724]}, {"key": "not-determined", "type": "definition", "offset": [1787, 1801]}, {"key": "determination-of-the", "type": "clause", "offset": [1936, 1956]}, {"key": "manifest-error", "type": "definition", "offset": [2035, 2049]}, {"key": "binding-upon", "type": "clause", "offset": [2064, 2076]}, {"key": "all-parties", "type": "clause", "offset": [2077, 2088]}, {"key": "purpose-of", "type": "clause", "offset": [2103, 2113]}, {"key": "calculating-the", "type": "clause", "offset": [2114, 2129]}, {"key": "trust-securities", "type": "clause", "offset": [2152, 2168]}, {"key": "london-interbank-market", "type": "definition", "offset": [2276, 2299]}], "size": 71, "snippet": "(a) The Property Trustee shall initially, and, subject to the immediately following sentence, for so long as it holds any of the Notes, be the Calculation Agent for purposes of determining LIBOR for each Distribution Date. The Calculation Agent may be removed by the Administrative Trustees at any time. If the Calculation Agent is unable or unwilling to act as such or is removed by the Administrative Trustees, the Administrative Trustees will promptly appoint as a replacement Calculation Agent the London office of a leading bank which is engaged in transactions in three-month U.S. dollar deposits in Europe and which does not control or is not controlled by or under common control with the Administrative Trustee or its Affiliates. The Calculation Agent may not resign its duties without a successor having been duly appointed.\n(b) The Calculation Agent shall be required to agree that, as soon as possible after 11:00 a.m. (London time) on each LIBOR Determination Date, but in no event later than 11:00 a.m. (London time) on the Business Day immediately following each LIBOR Determination Date, the Calculation Agent will calculate the interest rate (rounded to the nearest cent, with half a cent being rounded upwards) for the related Distribution Date, and will communicate such rate and amount to the Depositor, the Property Trustee, each Paying Agent and the Depositary. The Calculation Agent will also specify to the Administrative Trustees the quotations upon which the foregoing rates and amounts are based and, in any event, the Calculation Agent shall notify the Administrative Trustees before 5:00 p.m. (London time) on each LIBOR Determination Date that either: (i) it has determined or is in the process of determining the foregoing rates and amounts or (ii) it has not determined and is not in the process of determining the foregoing rates and amounts, together with its reasons therefor. The Calculation Agent\u2019s determination of the foregoing rates and amounts for any Distribution Date will (in the absence of manifest error) be final and binding upon all parties. For the sole purpose of calculating the interest rate for the Trust Securities, \u201cBusiness Day\u201d shall be defined as any day on which dealings in deposits in Dollars are transacted in the London interbank market.", "samples": [{"hash": "jxSpqDqoD4e", "uri": "/contracts/jxSpqDqoD4e#calculation-agent", "label": "Trust Agreement (Tidelands Bancshares Inc)", "score": 21.0, "published": true}, {"hash": "hQBnSeLvmYw", "uri": "/contracts/hQBnSeLvmYw#calculation-agent", "label": "Trust Agreement (Flag Financial Corp)", "score": 21.0, "published": true}, {"hash": "fYYCHnq0vP4", "uri": "/contracts/fYYCHnq0vP4#calculation-agent", "label": "Trust Agreement (Republic Bancorp Inc /Ky/)", "score": 21.0, "published": true}], "hash": "8bac916d17880ce02c4064457c1e2b36", "id": 9}], "next_curs": "CloSVGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjYLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhpjYWxjdWxhdGlvbi1hZ2VudCMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"parents": [["miscellaneous", "Miscellaneous"], ["definitions", "Definitions"], ["agreement-to-deliver-documents", "Agreement to Deliver Documents"], ["covenants", "Covenants"], ["distributions-redemption", "Distributions Redemption"]], "size": 4789, "title": "Calculation Agent", "children": [["appointment", "Appointment"], ["libor-determination", "LIBOR Determination"], ["", ""], ["definitions", "Definitions"], ["maintenance-of-office-or-agency", "Maintenance of Office or Agency"]], "id": "calculation-agent", "related": [["duties-of-calculation-agent", "DUTIES OF CALCULATION AGENT", "DUTIES OF <strong>CALCULATION AGENT</strong>"], ["appointment-of-the-calculation-agent", "APPOINTMENT OF THE CALCULATION AGENT", "APPOINTMENT OF THE <strong>CALCULATION AGENT</strong>"], ["the-auction-agent-as-paying-agent", "The Auction Agent as Paying Agent", "The Auction Agent as Paying Agent"], ["calculation-dates", "Calculation Dates", "Calculation Dates"], ["exchange-rates", "Exchange Rates", "Exchange Rates"]], "related_snippets": [], "updated": "2026-07-04T05:45:54+00:00", "also_ask": ["What qualifications and independence requirements should the Calculation Agent meet?", "How can parties limit the Calculation Agent\u2019s discretion to prevent manipulation or bias?", "What dispute resolution mechanisms should be included if parties challenge the Calculation Agent\u2019s determinations?", "How do Calculation Agent provisions in this contract compare to industry standards or ISDA documentation?", "What are the enforceability risks if the Calculation Agent acts negligently or in bad faith?"], "drafting_tip": "Specify the Calculation Agent's identity and qualifications to ensure competence; define decision-making powers to prevent disputes; require impartiality to maintain fairness.", "explanation": "The Calculation Agent clause designates a specific party responsible for determining key values, rates, or amounts under the agreement. In practice, this agent may calculate interest rates, settlement amounts, or other financial metrics based on predefined formulas or market data. By assigning this role, the clause ensures that calculations are performed consistently and impartially, reducing disputes and providing clarity on how contractual figures are determined."}, "json": true, "cursor": ""}}