PROMISE-A-2000-1 plc - KfW

5.5 Calculation of Interest Amount
The Interest Determination Agent will, as soon as practicable after the Interest Determination
Date in relation to each Interest Period, calculate the amount of interest (the "Interest Amount")
payable in respect of each Note for such Interest Period. The Interest Amount will be calculated
by applying the Applicable Rate of Interest for such Interest Period to the Note Outstanding
Principal Amount on the Interest Payment Date immediately following such Interest
Determination Date (after giving effect to any adjustment of such Outstanding Principal Amount
on that Payment Date), multiplying the product by the actual number of days in such Interest
Period divided by 360 and rounding the resulting figure to the nearest euro 0.01 (half a cent
being rounded upwards).
5.6 Notice of Rate of Interest and Interest Amounts
As soon as practicable after receiving notification thereof, the Issuer will cause the Applicable
Rate of Interest and the Interest Amount applicable to the Notes for each Interest Period and the
Interest Payment Date falling at the end of such Interest Period to be notified to the Luxembourg
Stock Exchange and will cause notice thereof to be given to the Noteholders (in accordance with
Condition 14), the Principal Paying Agent, the Luxembourg Paying Agent, the Trustee and the
Administrator on or as soon as possible after the date of commencement of the relevant Interest
Period.
5.7 Notification to be Final
All notifications, opinions, determinations, certificates, calculations, quotations and decisions
given, expressed, made or obtained for the purposes of this Condition by the Interest
Determination Agent shall (in the absence of gross negligence, wilful default, bad faith or
manifest error) be binding on the Issuer, the Trustee, the Credit Swap Counterparty and the
Noteholders and (in the absence as aforesaid) no liability to the Noteholders shall attach to the
Issuer or the Interest Determination Agent in connection with the exercise or non-exercise by
them or either of them of their powers, duties and discretions hereunder.
5.8 Payment of Interest
On each Interest Payment Date prior to the service of an Enforcement Notice, the amounts in the
interest payment sub-account of the Issuer Operating Account as at the relevant Interest Payment
Date shall be applied by the Administrator (for and on behalf of the Issuer) in making the
following payments or provisions in the following order of priority but, in each case, only to the
extent that there are funds available for the purpose and all payments or provisions of a higher
priority that fall due to be paid or provided for on such Interest Payment Date have been made in
full:
(a) first, in or towards payment of the Issuer's liability to tax (if any);
(b) second, in or towards payment of the fees, costs and expenses due and payable to, or
incurred by, the Trustee under the Trust Agreement;
(c) third, in or towards payment of amounts due and payable pari passu with each other on
a pro rata basis of the Issuer Fees (other than those under the second item);
(d) fourth, in or towards payment of accrued interest on the Class A Notes pari passu with
each other on a pro rata basis;
(e) fifth, in or towards payment of accrued interest on the Class B Notes pari passu with
each other on a pro rata basis;
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