Common use of Determination of LIBOR Clause in Contracts

Determination of LIBOR. (a) If the outstanding Certificates include any LIBOR Certificates, then on each LIBOR Determination Date the Trustee shall determine LIBOR on the basis of the offered LIBOR quotations of the Reference Banks as of 11:00 a.m. London time on such LIBOR Determination Date as follows:

Appears in 24 contracts

Samples: Trust Agreement (Structured Asset Securities Corp Mort Pas THR Ce Se 2002 17), Trust Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-24), Trust Agreement (Structured Asset Securities Co Mor Pass-THR Cer Ser 2002-19)

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Determination of LIBOR. (a) If the outstanding Certificates include any LIBOR Certificates, then on each LIBOR Determination Date the Trustee shall determine LIBOR for the related Interest Accrual Period as such rate equal to the Interest Settlement Rate. If such rate does not appear on the basis of the offered LIBOR quotations of the Reference Banks Designated Telerate Page as of 11:00 a.m. a.m., London time time, on such the applicable LIBOR Determination Date as followsDate:

Appears in 21 contracts

Samples: Pooling and Servicing Agreement (Ge Capital Mortgage Services Inc), Pooling and Servicing Agreement (Ge Capital Mortgage Services Inc 2000-9-Trust), Pooling and Servicing Agreement (Ge Capital Mortgage Services Inc)

Determination of LIBOR. (a) If the outstanding Certificates include any LIBOR CertificatesCertificates or consist of any LIBOR Components, then on each LIBOR Determination Date the Trustee shall determine LIBOR on the basis of the offered LIBOR quotations of the Reference Banks as of 11:00 a.m. London time on such LIBOR Determination Date as follows:

Appears in 7 contracts

Samples: Trust Agreement (Structured Asset Securities Corp Mort Pass THR Cert Ser 2002), Trust Agreement (Structured Asset Securities Corp Mor Pa Th Ce Se 2002-13), Trust Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-15)

Determination of LIBOR. (a) If the outstanding Certificates include any LIBOR CertificatesCertificates or consist of any LIBOR Components, then on each LIBOR Determination Date the Trustee Securities Administrator shall determine LIBOR on the basis of the offered LIBOR quotations of the Reference Banks as of 11:00 a.m. London time on such LIBOR Determination Date as follows:

Appears in 5 contracts

Samples: Trust Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-3), Trust Agreement (Structured Asset Securities Corp Mort Pa Th Cert Ser 2001-8a), Trust Agreement (Banccap Asset Securization Issuance Corp)

Determination of LIBOR. (a) If the outstanding Certificates include any LIBOR Certificates, then on each LIBOR Determination Date the Trustee Master Servicer shall determine LIBOR on the basis of the offered LIBOR quotations of the Reference Banks as of 11:00 a.m. London time on such LIBOR Determination Date as follows:

Appears in 5 contracts

Samples: Trust Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 1999-Bc1), Trust Agreement (Structured Asset Securities Corp Mort Pas THR Ce Se 2001-Bc3), Trust Agreement (Structured Asset Securities Corp Mo Pa Th Ce Se 2000-Bc1)

Determination of LIBOR. (a) If the outstanding ---------------------- Certificates include any LIBOR Certificates, then on each LIBOR Determination Date the Trustee shall determine LIBOR on the basis of the offered LIBOR quotations of the Reference Banks as of 11:00 a.m. London time on such LIBOR Determination Date as follows:

Appears in 4 contracts

Samples: Trust Agreement (Structured Asset Securities Corporation), Trust Agreement (Structured Asset Securities Corporation), Trust Agreement (Structured Asset Securities Corporation)

Determination of LIBOR. (a) If the outstanding Certificates include any LIBOR Certificates, then on each LIBOR Determination Date the Trustee Securities Administrator shall determine LIBOR on the basis of the offered LIBOR quotations of the Reference Banks as of 11:00 a.m. London time on such LIBOR Determination Date as follows:

Appears in 2 contracts

Samples: Trust Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-4), Trust Agreement (Structured Adjustable Rate Mortgage Loan Trust)

Determination of LIBOR. (a|(a) If the outstanding Certificates include any LIBOR CertificatesCertificates or consist of any LIBOR Components, then on each LIBOR Determination Date the Trustee Securities Administrator shall determine LIBOR on the basis of the offered LIBOR quotations of the Reference Banks as of 11:00 a.m. London time on such LIBOR Determination Date as follows:

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Securities Corp Mort Pass THR Cert Ser 01 1)

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Determination of LIBOR. (a) If the outstanding Certificates include any LIBOR CertificatesCertificates or consist of any LIBOR Components, then on each LIBOR Determination Date the Trustee Master Servicer shall determine LIBOR on the basis of the offered LIBOR quotations of the Reference Banks as of 11:00 a.m. London time on such LIBOR Determination Date as follows:

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Sec Corp Mort Pass THR Cer Se 1999-Bc2)

Determination of LIBOR. (a) If the outstanding Certificates include any LIBOR Certificates, then on each LIBOR LIBOR-------------- -------- Determination Date the Trustee shall determine LIBOR on the basis of the offered LIBOR quotations of the Reference Banks as of 11:00 a.m. London time on such LIBOR Determination Date as follows:

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Securities Corp/Ny)

Determination of LIBOR. (a) If the outstanding Certificates Notes include any LIBOR CertificatesNotes or consist of any LIBOR Components, then on each LIBOR Determination Date the Indenture Trustee shall determine LIBOR on the basis of the offered LIBOR quotations of the Reference Banks as of 11:00 a.m. London time on such LIBOR Determination Date as follows:

Appears in 1 contract

Samples: Sale and Collection Agreement (Aegis Asset Backed Securities Corp)

Determination of LIBOR. (a) If the outstanding Certificates ---------------------- include any LIBOR Certificates, then on each LIBOR Determination Date the Trustee shall determine LIBOR on the basis of the offered LIBOR quotations of the Reference Banks as of 11:00 a.m. London time on such LIBOR Determination Date as follows:

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Securities Corp)

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