Common use of Computations under Funding Swaps Clause in Contracts

Computations under Funding Swaps. On each Distribution Date, the Cash Manager shall determine, in accordance with the terms of the Funding Swap, in respect of the relevant Distribution Period: (a) the Average Fixed Rate Loan Balance, the Average Variable Rate Loan Balance and the Average Tracker Loan Balance (each as defined in the Funding Swap Agreement); (b) the weighted average of the fixed rates of interest charged to borrowers of Fixed Rate Loans; (c) the Tracker Swap Rate; and (d) the Variable Rate Swap SVR, and shall notify Funding and the Security Trustee of such amounts, balances and rates.