Common use of Calculation of Base Rates Clause in Contracts

Calculation of Base Rates. As soon as reasonably practical on or after each interest determination date for any Floating Rate Note, the Calculation and Exchange Rate Agent shall determine the applicable interest rate for such Note (computed without regard to the Spread or Spread Multiplier, if any, applicable to such Note) (the “Interest Rate Base”) and notify the Company and the Trustee of such Interest Rate Base. Upon the request of the Holder of any Floating Rate Note, the Calculation and Exchange Rate Agent shall provide the Interest Rate Base then in effect with respect to such Note and, if determined, the Interest Rate Base that will become effective on the next Interest Reset Date with respect to such Note. All Interest Rate Base determinations made by the Calculation and Exchange Rate Agent with respect to the Floating Rate Notes, shall, in the absence of manifest error, be conclusive for all purposes and binding upon the Company. Upon the issuance and sale of any Floating Rate Note, the Company shall promptly cause the Calculation and Exchange Rate Agent to receive a copy of the pricing supplement with respect to such Note.

Calculation of Base Rates. As soon as reasonably practical on or after each interest determination date for any Floating Rate Note, the Calculation and Exchange Rate Agent shall determine the applicable interest rate for such Note (computed without regard to the Spread or Spread Multiplier, if any, applicable to such Note) (the “"Interest Rate Base”") and notify the Company and the Trustee of such Interest Rate Base. Upon the request of the Holder of any Floating Rate Note, the Calculation and Exchange Rate Agent shall provide the Interest Rate Base then in effect with respect to such Note and, if determined, the Interest Rate Base that will become effective on the next Interest Reset Date with respect to such Note. All Interest Rate Base determinations made by the Calculation and Exchange Rate Agent with respect to the Floating Rate Notes, shall, in the absence of manifest error, be conclusive for all purposes and binding upon the Company. Upon the issuance and sale of any Floating Rate Note, the Company shall promptly cause the Calculation and Exchange Rate Agent to receive a copy of the pricing supplement with respect to such Note.