Common use of Calculation of the LIBOR Rate Clause in Contracts

Calculation of the LIBOR Rate. With respect to each Payment Date, LIBOR for the Class A-3 Notes and the Class A-4 Notes shall be established by the Trustee and as to any Interest Accrual Period, LIBOR will equal the London interbank offered rate for Eurodollar deposits for one month which appears on the Telerate Screen page 3750 as of 11:00 A.M., London time, on the second LIBOR Business Day prior to the first day of such Interest Accrual Period (with respect to the First Payment Date, LIBOR has been set as of May 31, 2000). If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, such other service for displaying LIBOR as may be selected by the Trustee), the rate will be the Reference Bank Rate. The "Reference Bank Rate" will be determined on the basis of the rates at which deposits in U.S. Dollars are offered by the reference banks (which shall be three major banks that are engaged in transactions in the London interbank market, selected by the Trustee) as of 11:00 A.M., London time, on the day that is two LIBOR Business Days prior to the immediately preceding Payment Date to prime banks in the London interbank market for a period of one month in amounts approximately equal to the principal amount of the Class A-3 Notes and the Class A-4 Notes then outstanding (or an appropriate standard size amount). The Trustee will request the principal London office of each of the reference banks to provide a quotation of its rate. If at least two such quotations are provided, the rate will be the arithmetic mean of the quotations. If on such date fewer than two quotations are provided as requested, the rate will be the arithmetic mean of the rates quoted by one or more major banks in New York City, selected by the Trustee, as of 11:00 A.M., New York City time, on the first day of the relevant Interest Accrual Period date for loans in U.S. Dollars to leading European banks for a period of one month in amounts approximately equal to the principal amount of the Class A-3 Notes and the Class A-4 Notes then outstanding. If no such quotations can be obtained, the rate will be LIBOR for the prior Payment Date. The Trustee shall provide the Counterparty with notice as to the calculation of the LIBOR rate for each Interest Accrual Period.

Calculation of the LIBOR Rate. With respect to each Payment Date, LIBOR for the Class A-3 Notes and the Class A-4 Notes shall be established by the Trustee and as to any Interest Accrual Period, LIBOR will equal the London interbank offered rate for Eurodollar deposits for one month which appears on the Telerate Screen page 3750 as of 11:00 A.M., London time, on the second LIBOR Business Day prior to the first day of such Interest Accrual Period (with respect to the First Payment Date, LIBOR has been set as of May 31June 26, 20002001). If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, such other service for displaying LIBOR as may be selected by the Trustee), the rate will be the Reference Bank Rate. The "Reference Bank Rate" will be determined on the basis of the rates at which deposits in U.S. Dollars are offered by the reference banks (which shall be three major banks that are engaged in transactions in the London interbank market, selected by the Trustee) as of 11:00 A.M., London time, on the day that is two LIBOR Business Days prior to the immediately preceding Payment Date to prime banks in the London interbank market for a period of one month in amounts approximately equal to the principal amount of the Class A-3 Notes and the Class A-4 Notes then outstanding (or an appropriate standard size amount). The Trustee will request the principal London office of each of the reference banks to provide a quotation of its rate. If at least two such quotations are provided, the rate will be the arithmetic mean of the quotations. If on such date fewer than two quotations are provided as requested, the rate will be the arithmetic mean of the rates quoted by one two or more major banks in New York City, selected by the Trustee, as of 11:00 A.M., New York City time, on the first day of the relevant Interest Accrual Period date for loans in U.S. Dollars to leading European banks for a period of one month in amounts approximately equal to the principal amount of the Class A-3 Notes and the Class A-4 Notes then outstanding. If no such quotations can be obtained, the rate will be LIBOR for the prior Payment Date. The Trustee shall provide the Counterparty with notice as to the calculation of the LIBOR rate for each Interest Accrual Period.

Calculation of the LIBOR Rate. With respect to each Payment Date, LIBOR for the Class A-3 Notes and the Class A-4 A-3a Notes shall be established by the Trustee and as to any Interest Accrual Period, LIBOR will equal the London interbank offered rate for Eurodollar deposits for one month which appears on the Telerate Screen page 3750 as of 11:00 A.M., London time, on the second LIBOR Business Day prior to the first day of such Interest Accrual Period (with respect to the First Initial Payment Date, LIBOR has been set as of May 31April 18, 20002003). If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, such other service for displaying LIBOR as may be selected by the Trustee), the rate will be the Reference Bank Rate. The "Reference Bank Rate" will be determined on the basis of the rates at which deposits in U.S. Dollars are offered by the reference banks (which shall be three major banks that are engaged in transactions in the London interbank market, selected by the Trustee) as of 11:00 A.M., London time, on the day that is two LIBOR Business Days prior to the immediately preceding Payment Date to prime banks in the London interbank market for a period of one month in amounts approximately equal to the principal amount of the Class A-3 Notes and the Class A-4 A-3a Notes then outstanding (or an appropriate standard size amount). The Trustee will request the principal London office of each of the reference banks to provide a quotation of its rate. If at least two such quotations are provided, the rate will be the arithmetic mean of the quotations. If on such date fewer than two quotations are provided as requested, the rate will be the arithmetic mean of the rates quoted by one two or more major banks in New York City, selected by the Trustee, as of 11:00 A.M., New York City time, on the first day of the relevant Interest Accrual Period date for loans in U.S. Dollars to leading European banks for a period of one month in amounts approximately equal to the principal amount of the Class A-3 Notes and the Class A-4 A-3a Notes then outstanding. If no such quotations can be obtained, the rate will be LIBOR for the prior Payment Date. The Trustee shall provide the Counterparty with notice as to the calculation of the LIBOR rate for each Interest Accrual Period.

Calculation of the LIBOR Rate. With respect to each Payment Date, LIBOR for the Class A-3 A-2a Notes (and after the Payment Date in March 2001, the Class A-4 Notes A-2b Notes) shall be established by the Trustee and as to any Interest Accrual Period, LIBOR will equal the London interbank offered rate for Eurodollar deposits for one month which appears on the Telerate Screen page 3750 as of 11:00 A.M., London time, on the second LIBOR Business Day prior to the first day of such Interest Accrual Period (except with respect to the First Payment Issuance Date, in which case LIBOR has been set as of May 31April 14, 2000). If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, such other service for displaying LIBOR as may be selected by the Trustee), the rate will be the Reference Bank Rate. The "Reference Bank Rate" will be determined on the basis of the rates at which deposits in U.S. Dollars are offered by the reference banks (which shall be three major banks that are engaged in transactions in the London interbank market, selected by the Trustee) as of 11:00 A.M., London time, on the day that is two LIBOR Business Days prior to the immediately preceding Payment Date to prime banks in the London interbank market for a period of one month in amounts approximately equal to the principal amount of the Class A-3 A-2a Notes (and after the Payment Date in March 2001, the Class A-4 Notes A-2b Notes) then outstanding (or an appropriate standard size amount). The Trustee will request the principal London office of each of the reference banks to provide a quotation of its rate. If at least two such quotations are provided, the rate will be the arithmetic mean of the quotations. If on such date fewer than two quotations are provided as requested, the rate will be the arithmetic mean of the rates quoted by one or more major banks in New York City, selected by the Trustee, as of 11:00 A.M., New York City time, on the first day of the relevant Interest Accrual Period date for loans in U.S. Dollars to leading European banks for a period of one month in amounts approximately equal to the principal amount of the Class A-3 A-2a Notes (and after the Payment Date in March 2001, the Class A-4 Notes A-2b Notes) then outstanding. If no such quotations can be obtained, the rate will be LIBOR for the prior Payment Date. The Trustee shall provide the Swap Counterparty with notice as to the calculation of the LIBOR rate for each Interest Accrual Period.