Common use of SOFR Determination Clause in Contracts

SOFR Determination. The Issuer agrees that for so long as the Class A-2-B Notes are Outstanding, the Trust Collateral Agent will calculate SOFR for each Interest Period. On each SOFR Determination Date, the Trust Collateral Agent will notify the Servicer and the Issuer by e-mail of SOFR for the related Interest Period. All determinations of SOFR by the Trust Collateral Agent or the Issuer, as applicable, in the absence of manifest error, will be conclusive and binding on the Noteholders.