Common use of Additional Reserve Costs Clause in Contracts

Additional Reserve Costs. (a) If and so long as any Lender is required to comply with reserve assets, liquidity, cash margin or other requirements of any monetary or other authority (including any such requirement imposed by the European Central Bank or the European System of Central Banks, but excluding requirements reflected in the Statutory Reserve Rate) in respect of any of such Lender’s Eurocurrency Loans in any Designated Foreign Currency, such Lender may require the Borrower to pay, contemporaneously with each payment of interest on each of such Lender’s Eurocurrency Loans subject to such requirements, additional interest on such Loan at a rate per annum specified by such Lender to be the cost to such Lender of complying with such requirements in relation to such Loan.

Appears in 3 contracts

Samples: Credit Agreement, Assignment and Assumption (Hp Inc), Assignment and Assumption (Hewlett Packard Enterprise Co)

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Additional Reserve Costs. (a) If and so long as any Lender is required to comply with reserve assets, liquidity, cash margin or other requirements of any monetary or other authority (including any such requirement imposed by the European Central Bank or the European System of Central Banks, but excluding requirements reflected in the Statutory Reserve Rate) in respect of any of such Lender’s Eurocurrency Eurodollar Loans in any Designated Foreign Currency, such Lender may require the Borrower to pay, contemporaneously with each payment of interest on each of such Lender’s Eurocurrency Eurodollar Loans subject to such requirements, additional interest on such Loan at a rate per annum specified by such Lender to be the cost to such Lender of complying with such requirements in relation to such Loan.

Appears in 1 contract

Samples: Assignment and Assumption (Nvidia Corp)

Additional Reserve Costs. (a) If and For so long as any Lender is required to comply with reserve assets, liquidity, cash margin or other requirements of any monetary or other authority (including any such requirement imposed by the European Central Bank or the European System of Central Banks, but excluding requirements reflected in the Statutory Reserve RateReserves) in respect of any of such Lender’s Eurocurrency Loans in any Designated and Swingline Foreign CurrencyCurrency Loans which are Eurocurrency Borrowings, such Lender may shall be entitled to require the applicable Borrower to pay, contemporaneously with each payment of interest on each of such Lender’s Eurocurrency Loans subject to such requirements, additional interest on such Loan at a rate per annum specified by such Lender to be the cost to such Lender of complying with such requirements in relation to such Loan.

Appears in 1 contract

Samples: Credit Agreement (Universal Forest Products Inc)

Additional Reserve Costs. (a) If and For so long as any Lender is required to comply with reserve assets, liquidity, cash margin or other requirements of any monetary or other authority (including any such requirement imposed by the European Central Bank or the European System of Central Banks, but excluding requirements reflected in the Statutory Reserve RateReserves or the Mandatory Cost) in respect of any of such Lender’s Eurocurrency Loans in any Designated and Swingline Foreign CurrencyCurrency Loans which are Eurocurrency Borrowings, such Lender may shall be entitled to require the applicable Borrower to pay, contemporaneously with each payment of interest on each of such Lender’s Eurocurrency Loans subject to such requirements, additional interest on such Loan at a rate per annum specified by such Lender to be the cost to such Lender of complying with such requirements in relation to such Loan.

Appears in 1 contract

Samples: Credit Agreement (Universal Forest Products Inc)

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Additional Reserve Costs. (a) If and For so long as any Lender is required to comply with reserve assets, liquidity, cash margin or other requirements of any monetary or other authority (including any such requirement imposed by the European Central Bank or the European System of Central Banks, but excluding requirements reflected in the Statutory Reserve RateReserves or the Mandatory Cost) in respect of any of such Lender’s Eurocurrency Loans in any Designated Foreign CurrencyCurrency Loans, such Lender may shall be entitled to require the applicable Foreign Subsidiary Borrower to pay, contemporaneously with each payment of interest on each of such Lender’s Eurocurrency Loans subject to such requirements, additional interest on such Loan at a rate per annum specified by such Lender to be the cost to such Lender of complying with such requirements in relation to such Loan.

Appears in 1 contract

Samples: Credit Agreement (Wolverine World Wide Inc /De/)

Additional Reserve Costs. (a) If and so long as any Lender is required to comply with reserve assets, liquidity, cash margin or other requirements of any monetary or other authority (including any such requirement imposed by the European Central Bank or the European System of Central Banks, but excluding requirements reflected in the Statutory Reserve Rate) in respect of any of such Lender’s Eurocurrency Loans in any Designated Foreign Currency, such Lender may require the relevant Borrower to pay, contemporaneously with each payment of interest on each of such Lender’s Eurocurrency Loans subject to such requirements, additional interest on such Loan loan at a rate per annum specified by such Lender to be the cost to such Lender of complying with such requirements in relation to such Loanloan.

Appears in 1 contract

Samples: Credit Agreement (Valspar Corp)

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