Common use of Interest Rate Calculation Clause in Contracts

Interest Rate Calculation. The Calculation Agent shall exercise due care to determine the applicable interest rates under all Floating Rate Securities for which it acts as Calculation Agent and shall communicate the same to Brazil and the Fiscal Agent. The Calculation Agent will, upon the request of any holder of any Floating Rate Security, provide the interest rate then in effect with respect to such Floating Rate Security and, if determined, the interest rate with respect to such Floating Rate Security which will become effective as of the following Interest Reset Date (under and as defined in such Floating Rate Security).