Common use of Computation of Yield Clause in Contracts

Computation of Yield. (a) Whenever it is calculated on the basis of the ABR, Holder Yield shall be calculated on the basis of a year of three hundred sixty-five (365) days (or three hundred sixty-six (366) days, as the case may be) for the actual days elapsed; and, otherwise, Holder Yield shall be calculated on the basis of a year of three hundred sixty (360) days for the actual days elapsed. Any change in the Holder Yield resulting from a change in the ABR shall become effective as of the opening of business on the day on which such change in the ABR becomes effective. (b) Pursuant to Section 12.12 of the Participation Agreement, the calculation of Holder Yield under this Section 3.7 shall be made by the Agent. Each determination of an interest rate by the Agent shall be conclusive and binding on the Owner Trustee and the Holders in the absence of manifest error. (c) If the Eurodollar Rate cannot be determined by the Agent in the manner specified in the definition of the term “Eurodollar Rate”, the Owner Trustee shall give or cause to be given telecopy or telephonic notice thereof to the Holders as soon as practicable after receipt of same from the Agent. Commencing on the Scheduled Interest Payment Date next occurring after the delivery of such notice and continuing until such time as the Eurodollar Rate can be determined by the Agent in the manner specified in the definition of such term, all outstanding Holder Advances shall bear a yield at the ABR. Until such time as the Eurodollar Rate can be determined by the Agent in the manner specified in the definition of such term, no further Eurodollar Holder Advances shall be made or shall be continued as such at the end of the then current Interest Period nor shall the Owner Trustee have the right to convert ABR Holder Advances to Eurodollar Holder Advances.

Computation of Yield. (a) Whenever it is calculated on the basis of the ABR, Holder Yield shall be calculated on the basis of a year of three hundred sixty-five (365) days (or three hundred sixty-six (366) days, as the case may be) for the actual days elapsed; and, otherwise, Holder Lessor Yield shall be calculated on the basis of a year of three hundred sixty (360) days for the actual days elapsed. Any change in the Holder Lessor Yield resulting from a change in the ABR or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change in the ABR becomes effective. (b) Pursuant to Section 12.12 of the Participation Agreement, the calculation of Holder Lessor Yield under this Section 3.7 5B.5 shall be made by the Agent. Each determination of an interest a Lessor Yield rate by the Agent shall be conclusive and binding on the Owner Trustee and the Holders Lessor in the absence of manifest errorerror and unless otherwise specified, such determination shall be effective as of the first day of the month. (c) If the Eurodollar Rate cannot be determined by the Agent in the manner specified in the definition of the term “"Eurodollar Rate”", the Owner Trustee Agent shall give or cause to be given telecopy or telephonic notice thereof to the Holders Lessor as soon as practicable after receipt of same from the Agentpracticable. Commencing on the Scheduled Interest Payment Date next occurring after the delivery of such notice and continuing until such time as the Eurodollar Rate can be determined by the Agent in the manner specified in the definition of such term, all outstanding Holder Lessor Advances shall bear a yield at the ABRABR plus the Applicable Percentage. Until such time as the Eurodollar Rate can be determined by the Agent in the manner specified in the definition of such term, no further Eurodollar Holder Lessor Advances shall be made or shall be continued as such at the end of the then current Interest Period nor shall the Owner Trustee Lessor have the right to convert ABR Holder Lessor Advances to Eurodollar Holder Lessor Advances.