Calculation of LIBOR. Until the Principal Balance of each Class of the Notes has been reduced to zero, the Administrator shall establish LIBOR on each LIBOR Determination Date as follows: (i) If on such LIBOR Determination Date a rate for United States dollar deposits for one month appears on the Dow J▇▇▇▇ Telerate System, page 3750, LIBOR for the next Accrual Period shall be equal to such rate as of 11:00 A.M., London time; (ii) If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, such other service for displaying LIBOR or comparable rates as may be selected by the Administrator after consultation with the Servicer), the rate shall be determined as follows:
Appears in 4 contracts
Sources: Sale and Servicing Agreement (HSBC Home Equity Loan Trust (USA) 2006-2), Sale and Servicing Agreement (HSBC Home Equity Loan Corp I), Sale and Servicing Agreement (HSBC Home Equity Loan Trust (USA) 2006-1)
Calculation of LIBOR. Until the Principal Balance of each Class of the Notes has been reduced to zero, the Administrator Indenture Trustee shall establish LIBOR on each LIBOR Determination Date as follows:
(i) If on such LIBOR Determination Date a rate for United States dollar deposits for one month appears on the Dow J▇▇▇▇▇ Telerate System, page 3750, LIBOR for the next Accrual Period shall be equal to such rate as of 11:00 A.M., London time;
(ii) If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, such other service for displaying LIBOR or comparable rates as may be selected by the Administrator Indenture Trustee after consultation with the Master Servicer), the rate shall be determined as follows:
Appears in 2 contracts
Sources: Sale and Servicing Agreement (Household Mortgage Loan Trust 2003-Hc1), Sale and Servicing Agreement (Household Mortgage Loan Trust 2002 Hc1)
Calculation of LIBOR. Until the Principal Balance of each Class of the Notes has been reduced to zero, the Administrator Indenture Trustee shall establish LIBOR on each LIBOR Determination Date as follows:
(i) If on such LIBOR Determination Date a rate for United States dollar deposits for one month appears on the Dow J▇▇▇▇▇ Telerate System, page 3750, LIBOR for the next Accrual Period shall be equal to such rate as of 11:00 A.M.a.m., London time;
(ii) If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, such other service for displaying LIBOR or comparable rates as may be selected by the Administrator Indenture Trustee after consultation with the Master Servicer), the rate shall be determined as follows:
Appears in 1 contract
Sources: Sale and Servicing Agreement (Household Mortgage Loan Trust 2003-Hc2)
Calculation of LIBOR. Until the Principal Balance of each Class of the Notes has been reduced to zero, the Administrator shall establish LIBOR on each LIBOR Determination Date as follows:
(i) If on such LIBOR Determination Date a rate for United States dollar deposits for one month appears on the Dow J▇▇▇▇ Jones Telerate System, page 3750, LIBOR for the next ▇▇▇▇ Accrual Period shall be equal to such rate as of 11:00 A.M., London time;
(ii) If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, such other service for displaying LIBOR or comparable rates as may be selected by the Administrator after consultation with the Master Servicer), the rate shall be determined as follows:
Appears in 1 contract
Sources: Sale and Servicing Agreement (HSBC Home Equity Loan Trust 2005-3)
Calculation of LIBOR. Until the Principal Balance of each Class of the Notes has been reduced to zero, the Administrator shall establish LIBOR on each LIBOR Determination Date as follows:
(i) If on such LIBOR Determination Date a rate for United States dollar deposits for one month appears on the Dow J▇▇▇▇ Jones Telerate System, page 37503▇▇▇, LIBOR for the next Accrual Period shall be equal to such rate as of 11:00 A.M., London time;
(ii) If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, such other service for displaying LIBOR or comparable rates as may be selected by the Administrator after consultation with the Master Servicer), the rate shall be determined as follows:
Appears in 1 contract
Sources: Sale and Servicing Agreement (HSBC Home Equity Loan Trust 2005-2)
Calculation of LIBOR. Until the Principal Balance of each Class of the Notes has been reduced to zero, the Administrator Indenture Trustee shall establish LIBOR on each LIBOR Determination Date as follows:
(i) If on such LIBOR Determination Date a rate for United States dollar deposits for one month appears on the Dow J▇▇▇▇▇ Telerate System, page 3750, LIBOR for the next Accrual Period shall be equal to such rate as of 11:00 A.M., London time;
(ii) If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, such other service for displaying LIBOR or comparable rates as may be selected by the Administrator Indenture Trustee after consultation with the Servicer), the rate shall be determined as follows:
Appears in 1 contract
Sources: Sale and Servicing Agreement (Compass Asset Acceptance Co)
Calculation of LIBOR. Until the Principal Balance of each Class of the Notes has been reduced to zero, the Administrator Indenture Trustee shall establish LIBOR on each LIBOR Determination Date as follows:
(i) If on such LIBOR Determination Date a rate for United States dollar deposits for one month appears on the Dow J▇▇▇▇ Jones Telerate System, page 3750, LIBOR for the next Accrual Period Accru▇▇ ▇▇riod shall be equal to such rate as of 11:00 A.M., London time;
(ii) If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, such other service for displaying LIBOR or comparable rates as may be selected by the Administrator Indenture Trustee after consultation with the Master Servicer), the rate shall be determined as follows:
Appears in 1 contract
Sources: Sale and Servicing Agreement (HFC Revolving Corp Household Home Equity Loan Trust 2002 4)
Calculation of LIBOR. Until the Principal Balance of each Class of the Notes has been reduced to zero, the Administrator shall establish LIBOR on each LIBOR Determination Date as follows:
(i) If on such LIBOR Determination Date a rate for United States dollar deposits for one month appears on the Dow J▇▇▇▇▇ Telerate System, page 3750, LIBOR for the next Accrual Period shall be equal to such rate as of 11:00 A.M., London time;
(ii) If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, such other service for displaying LIBOR or comparable rates as may be selected by the Administrator after consultation with the Master Servicer), the rate shall be determined as follows:
Appears in 1 contract
Sources: Sale and Servicing Agreement (HFC Revolving Corp Household Home Equity Loan Trust 2004-1)
Calculation of LIBOR. Until the Principal Balance of each Class of the Notes has been reduced to zero, the Administrator Indenture Trustee shall establish LIBOR on each LIBOR Determination Date as follows:
(i) If on such LIBOR Determination Date a rate for United States dollar deposits for one month appears on the Dow J▇▇▇▇ Jones Telerate System, page 3750, LIBOR for ▇▇▇ the next Accrual Period shall be equal to such rate as of 11:00 A.M., London time;
(ii) If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, such other service for displaying LIBOR or comparable rates as may be selected by the Administrator Indenture Trustee after consultation with the Master Servicer), the rate shall be determined as follows:
Appears in 1 contract
Sources: Sale and Servicing Agreement (HFC Revolving Corp Household Home Equity Loan Trust 2002-3)
Calculation of LIBOR. Until the Principal Balance of each Class of the Notes has been reduced to zero, the Administrator Indenture Trustee shall establish LIBOR on each LIBOR Determination Date as follows:
(i) If on such LIBOR Determination Date a rate for United States dollar deposits for one month appears on the Dow J▇▇▇▇ Jones Telerate System, page 3750, LIBOR for the next ▇▇▇▇ Accrual Period shall be equal to such rate as of 11:00 A.M., London time;
(ii) If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, such other service for displaying LIBOR or comparable rates as may be selected by the Administrator Indenture Trustee after consultation with the Master Servicer), the rate shall be determined as follows:
Appears in 1 contract
Sources: Sale and Servicing Agreement (HFC Revolving Corp Household Home Equity Loan Trust 2002-2)
Calculation of LIBOR. Until the Principal Balance of each Class of the Notes has been reduced to zero, the Administrator Indenture Trustee shall establish LIBOR on each LIBOR Determination Date as follows:
(i) If on such LIBOR Determination Date a rate for United States dollar deposits for one month appears on the Dow J▇▇▇▇ Jones Telerate System, page 3750, LIBOR for the next Accrual Period Accr▇▇▇ ▇eriod shall be equal to such rate as of 11:00 A.M., London time;
(ii) If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, such other service for displaying LIBOR or comparable rates as may be selected by the Administrator Indenture Trustee after consultation with the Master Servicer), the rate shall be determined as follows:
Appears in 1 contract
Sources: Sale and Servicing Agreement (HFC Revolving Corp Household Home Equity Ln Tr 2003 1)
Calculation of LIBOR. Until the Principal Balance of each Class of the Notes has been reduced to zero, the Administrator Indenture Trustee shall establish LIBOR on each LIBOR Determination Date as follows:
(i) If on such LIBOR Determination Date a rate for United States dollar deposits for one month appears on the Dow J▇▇▇▇ Jones Telerate System, page 3750, LIBOR for the next Accrual Period P▇▇▇▇▇ shall be equal to such rate as of 11:00 A.M., London time;
(ii) If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, such other service for displaying LIBOR or comparable rates as may be selected by the Administrator Indenture Trustee after consultation with the Master Servicer), the rate shall be determined as follows:
Appears in 1 contract
Sources: Sale and Servicing Agreement (HFC Revolving Corp Household Home Equity Loan Trust 2003 2)
Calculation of LIBOR. Until the Principal Balance of each Class of the Notes has been reduced to zero, the Administrator shall establish LIBOR on each LIBOR Determination Date as follows:
(i) If on such LIBOR Determination Date a rate for United States dollar deposits for one month appears on the Dow J▇▇▇▇▇ Telerate System, page 3750, LIBOR for the next Accrual Period shall be equal to such rate as of 11:00 A.M.a.m., London time;
(ii) If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, such other service for displaying LIBOR or comparable rates as may be selected by the Administrator after consultation with the Master Servicer), the rate shall be determined as follows:
Appears in 1 contract
Sources: Sale and Servicing Agreement (Household Mortgage Loan Trust 2004-Hc1)
Calculation of LIBOR. Until the Principal Balance of each Class of the Notes has been reduced to zero, the Administrator shall establish LIBOR on each LIBOR Determination Date as follows:
(i) If on such LIBOR Determination Date a rate for United States dollar deposits for one month appears on the Dow J▇▇▇▇ Jones Telerate System, page 3750▇▇▇▇, LIBOR for the next Accrual Period shall be equal to such rate as of 11:00 A.M., London time;
(ii) If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, such other service for displaying LIBOR or comparable rates as may be selected by the Administrator after consultation with the Master Servicer), the rate shall be determined as follows:
Appears in 1 contract
Sources: Sale and Servicing Agreement (HSBC Home Equity Loan Trust 2005-1)