Common use of Additional Compensation Under Certain Circumstances Clause in Contracts

Additional Compensation Under Certain Circumstances. The Borrowers agree, at the request of any Bank to compensate such Bank for any loss, cost, expense or reduction in return that such Bank shall reasonably determine shall be incurred or sustained by such Bank as a result of the implementation of European monetary union and that would not have been incurred or sustained but for the transactions provided for herein. A certificate of any Bank setting forth such Bank's determination of the amount or amounts necessary to compensate such Bank shall be delivered to the Borrowers and shall be conclusive absent manifest error so long as such determination is made on a reasonable basis. The Borrowers shall pay such Bank the amount shown as due on any such certificate within ten (10) days after receipt thereof.

Additional Compensation Under Certain Circumstances. The Borrowers agreeBorrower agrees, at the request of any Bank to compensate such Bank for any loss, cost, expense or reduction in return that such Bank shall reasonably determine shall be incurred or sustained by such Bank as a result of the implementation of European monetary union and that would not have been incurred or sustained but for the transactions provided for herein. A certificate of any Bank setting forth such Bank's determination of the amount or amounts necessary to compensate such Bank shall be delivered to the Borrowers Borrower and shall be conclusive absent manifest error so long as such determination is made on a reasonable basis. The Borrowers Borrower shall pay such Bank the amount shown as due on any such certificate within ten (10) days after receipt thereof.