Common use of Determination of Note Rate Clause in Contracts

Determination of Note Rate. On each Interest Determination Date, the Securities Administrator shall determine One-Month LIBOR and the related Note Rate for each Class of Notes for the following Accrual Period. The establishment of One-Month LIBOR on each Interest Determination Date by the Securities Administrator and the Securities Administrator’s calculation of the rate of interest applicable to each Class of Notes for the related Accrual Period shall (in the absence of manifest error) be final and binding.

Determination of Note Rate. On each Interest Determination Date, the Securities Administrator shall determine One-Month LIBOR and the related Note Rate for each Class of Notes for the following Interest Accrual Period. The establishment of One-Month LIBOR on each Interest Determination Date by the Securities Administrator and the Securities Administrator’s 's calculation of the rate of interest applicable to each Class of Notes for the related Interest Accrual Period shall (in the absence of manifest error) be final and binding.