Common use of Determination of Pass-Through Rates for LIBOR Certificates Clause in Contracts

Determination of Pass-Through Rates for LIBOR Certificates. On each LIBOR Determination Date so long as the LIBOR Certificates are outstanding, the Trustee will determine LIBOR on the basis of the British Bankers’ Association (“BBA”) “Interest Settlement Rate” for one-month deposits in U.S. dollars as found on Reuters Page LIBOR01 as of 11:00 a.m. London time on each LIBOR Determination Date.

Appears in 14 contracts

Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2007-A9), Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2007-Flx4), Pooling and Servicing Agreement (Residential Asset Securitization Trust 2007-A7)

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Determination of Pass-Through Rates for LIBOR Certificates. (a) On each LIBOR Interest Determination Date so long as the any Certificates that have a Pass-Through Rate calculated by reference to LIBOR Certificates are outstanding, the Trustee will determine LIBOR on the basis of the British Bankers’ Association (“BBA”) “Interest Settlement Rate” for one-month deposits in U.S. dollars as found quoted on Reuters Page LIBOR01 the Bloomberg Terminal as of 11:00 a.m. London time on each LIBOR Determination Date.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Alternative Loan Trust Resecuritization 2008-2r), Trust Agreement (Alternative Loan Trust Resecuritization 2007-26r), Trust Agreement (Alternative Loan Trust Resecuritization 2008-1r)

Determination of Pass-Through Rates for LIBOR Certificates. On each LIBOR Determination Date so long as the LIBOR Certificates are outstanding, the Trustee will determine LIBOR on the basis of the British Bankers' Association ("BBA") "Interest Settlement Rate" for one-month deposits in U.S. dollars as found on Reuters Moneyline Telerate Page LIBOR01 3750 as of 11:00 a.m. London time on each LIBOR Determination Date.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A7cb), Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Ar31)

Determination of Pass-Through Rates for LIBOR Certificates. (a) On each LIBOR Interest Determination Date after the initial Interest Determination Date and for so long as the any LIBOR Certificates are outstanding, the Trustee Securities Administrator will determine LIBOR on the basis of the British Bankers’ Association (“BBA”) “Interest Settlement Rate” for one-month deposits in U.S. dollars as found on Reuters Page LIBOR01 Telerate page 3750 as of 11:00 a.m. London time on each related LIBOR Determination Date.. “

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-7ax), Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-5ax)

Determination of Pass-Through Rates for LIBOR Certificates. (a) On each LIBOR Interest Determination Date after the initial Interest Determination Date and for so long as the any LIBOR Certificates are outstanding, the Trustee will determine LIBOR on the basis of the British Bankers’ Association (“BBA”) “Interest Settlement Rate” for one-month deposits in U.S. dollars as found on Reuters Telerate Page LIBOR01 3750 as of 11:00 a.m. London time on each LIBOR Interest Determination Date.

Appears in 2 contracts

Samples: Trust Agreement (Morgan Stanley Mortgage Loan Trust 2007-4sl), Trust Agreement (Morgan Stanley Mortgage Loan Trust 2006-14sl)

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Determination of Pass-Through Rates for LIBOR Certificates. (a) On each LIBOR Interest Determination Date so long as the LIBOR Certificates are outstanding, the Trustee will determine LIBOR on the basis of the British Bankers’ Association (“BBA”) “Interest Settlement Rate” for one-month deposits in U.S. dollars as found on Reuters Page LIBOR01 Telerate page 3750 as of 11:00 a.m. London time on each LIBOR Interest Determination Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Mellon Residential Funding Corp)

Determination of Pass-Through Rates for LIBOR Certificates. (a) On each LIBOR Interest Determination Date so long as any Certificates, the LIBOR Certificates Pass-Through Rates on which are outstandingdetermined by reference to LIBOR, are Outstanding, the Trustee will determine LIBOR on the basis of the British Bankers’ Association (“BBA”) “Interest Settlement Rate” for one-month deposits in U.S. dollars as found quoted on Reuters Page LIBOR01 the Bloomberg Terminal as of 11:00 a.m. London time on each LIBOR Determination Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2007-J1)

Determination of Pass-Through Rates for LIBOR Certificates. On each LIBOR Determination Date so long as the LIBOR Certificates are outstanding, the Trustee will determine LIBOR on the basis of the British Bankers’ Association (“BBA”) “Interest Settlement Rate” for one-month deposits in U.S. dollars as found on Reuters Moneyline Telerate Page LIBOR01 3750 as of 11:00 a.m. London time on each LIBOR Determination Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDB Mortgage Loan Trust 2005-1)

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