Common use of Additional Reserve Costs Clause in Contracts

Additional Reserve Costs. For so long as any Lender is required to make special deposits with the Bank of England and/or The Financial Services Authority (or, in either case, any other authority which replaces all or any of its functions) or to comply with reserve assets, liquidity, cash margin or other requirements of any monetary or other authority (including any such requirement imposed by the Bank of England, the European Central Bank or the European System of Central Banks, but excluding requirements reflected in the computation of the Eurocurrency Rate) in respect of any of such Lender’s Eurocurrency Rate Advances, such Lender shall be entitled to require the applicable Borrower to pay, contemporaneously with each payment of interest on each of such Lender’s Advances subject to such requirements, additional interest on such Advance 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 Advance. Any additional interest owed pursuant to this subsection shall be determined in reasonable detail by the applicable Lender, which determination shall be conclusive absent manifest error, and notified to the applicable Borrower (with a copy to the Administrative Agent) at least five Business Days before each date on which interest is payable for the applicable Advance, and such additional interest so notified to the applicable Borrower by such Lender shall be payable to the Administrative Agent for the account of such Lender on each date on which interest is payable for such Advance.

Additional Reserve Costs. (a) For so long as any Lender is required to make special deposits with the Bank of England and/or The the Financial Services Authority (or, in either case, case any other authority which replaces all or any of its functions) and/or the European Central Bank or to comply with reserve assets, liquidity, cash margin or other requirements of any monetary or other authority (including any such requirement imposed by the Bank of EnglandEngland and/or the Financial Services Authority (or, in either case any other authority which replaced all or any of its functions) and/or the European Central Bank Bank, to maintain reserve asset ratios or the European System of Central Banksto pay fees, but excluding requirements reflected in the computation of the Eurocurrency Rate) each case in respect of any of such Lender’s Eurocurrency Rate Advances's Loans, such Lender shall be entitled to require the applicable Borrower to pay, contemporaneously with each payment of interest on each of such Lender’s Advances subject to such requirementsLoans, additional interest on such Advance Loan at a percentage rate per annum specified by such Lender equal to be the cost to such Lender of complying Mandatory Costs Rate calculated in accordance with such requirements the formulae and in relation to such Advance. the manner set forth in Exhibit I hereto. (b) Any additional interest owed pursuant to this subsection paragraph (a) above shall be determined in reasonable detail by the applicable Lender, which determination shall be conclusive absent manifest errorprima facie evidence of the amount thereof, and notified to the applicable Borrower (with a copy to the Administrative Agent) at least five Business Days 10 days before each date on which interest is payable for the applicable AdvanceLoan, and such additional interest so notified to the applicable Borrower by such Lender shall be payable to the Administrative Agent for the account of such Lender on each date on which interest is payable for such AdvanceLoan.