Determination of Compounded SOFR. Compounded SOFR with respect to each Payment Date will be determined as set forth under Section 6.1(p) All percentages resulting from any calculation on the Class A-1b Notes shall be rounded to the nearest one hundred-thousandth of a percentage point, with five-millionths of a percentage point rounded upwards (e.g., 9.8765445% (or 0.098765445) would be rounded to 9.87655% (or 0.0987655)), and all dollar amounts used in or resulting from that calculation on the Class A-1b Notes will be rounded to the nearest cent (with one-half cent being rounded upwards).
Appears in 27 contracts
Sources: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust), Indenture (Verizon Master Trust)