Calculation Agent definition
Examples of Calculation Agent in a sentence
The Trustee shall not have any liability for actions taken at the Calculation Agent’s direction or otherwise in connection with respect to any such determination by the Calculation Agent.
Promptly upon such determination, the Calculation Agent will notify the Company of the interest rate for the Reset Period and the Company will promptly notify, or cause the Calculation Agent to promptly notify, the Trustee and each Paying Agent of such interest rate.
The Company may appoint itself or an affiliate of the Company as Calculation Agent.
The Company may terminate any such appointment and may appoint a successor Calculation Agent at any time and from time to time (so long as there shall always be a Calculation Agent in respect of the Notes when so required).
The Trustee shall not be obligated at any time to act as the Calculation Agent.