Funding Note Calculation Agent definition

Funding Note Calculation Agent means the Funding Note Indenture Trustee in its capacity as calculation agent or any other Person specified as calculation agent with respect to the Funding Note in the Funding Note Certificate.

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Funding Note Calculation Agent means the Funding Note Indenture Trustee in its capacity as calculation agent with respect to the Funding Note or any other Person specified as calculation agent with respect to the Funding Note in the Funding Note Certificate or the Funding Note Indenture, and, in each case, its successors in such capacity.

Funding Note Calculation Agent shall have the respective meanings ascribed to such terms in the Standard Funding Note Indenture Terms, and shall include the permitted successors and assigns of any such entity from time to time and any agent of the Funding Note Indenture Trustee acting in any such capacity pursuant to an appointment in accordance with Section 6.2(h) of the Standard Funding Note Indenture Terms.

Examples of Funding Note Calculation Agent in a sentence

• Upon any such appointment of, and the acceptance of such appointment by, a successor Funding Note Calculation Agent and (except in cases of removal for failure to establish the amount of interest) the giving of notice to each Holder of the Funding Note, the retiring Funding Note Calculation Agent shall cease to be Funding Note Calculation Agent under the Funding Note Indenture.

• Except as provided below, Global Funding may remove a Funding Note Calculation Agent by giving not less than 20 days' written notice specifying such removal and the date when it shall become effective.

• At least 30 days' prior notice of any such merger, conversion or consolidation shall be given to Global Funding and the Funding Note Indenture Trustee (unless the Funding Note Indenture Trustee is such Funding Note Calculation Agent).

• Each of Global Funding, the Funding Note Indenture Trustee, the Funding Note Registrar, the Funding Note Paying Agent and the Funding Note Calculation Agent hereby agrees to be bound by all of the terms, provisions and agreements set forth herein, with respect to all matters contemplated herein, including, without limitation, those relating to the issuance of the Funding Note.

• Upon its resignation or removal becoming effective, the retiring Funding Note Calculation Agent shall be entitled to the payment of its compensation and reimbursement of all expenses incurred by such retiring Funding Note Calculation Agent pursuant to Section 4.6(f) up to the effective date of such resignation or removal.

• Upon its resignation or removal becoming effective, the retiring Funding Note Calculation Agent shall be entitled to the payment of its compensation and reimbursement of all expenses incurred by such retiring Funding Note Calculation Agent pursuant to Section 4.5(f) up to the effective date of such resignation or removal.

• Each of Global Funding, the Funding Note Indenture Trustee, the Funding Note Registrar, the Funding Note Exchange Rate Agent, the Funding Note Paying Agent and the Funding Note Calculation Agent hereby agrees to be bound by all of the terms, provisions and agreements set forth herein, with respect to all matters contemplated herein, including, without limitation, those relating to the issuance of the Funding Note.

• Global Funding appoints the Funding Note Indenture Trustee as Funding Note Calculation Agent, and the Funding Note Indenture Trustee accepts such appointment.

• The Funding Note Calculation Agent will determine the Constant Maturity Swap Rate on each applicable Interest Determination Date.

• The Funding Note Calculation Agent will determine the CD Rate on each Interest Determination Date.

More Definitions of Funding Note Calculation Agent

Funding Note Calculation Agent shall include the permitted successors and assigns of any such entity from time to time.

Funding Note Calculation Agent in respect of any Funding Note, has the meaning ascribed in the applicable Funding Note Indenture.