Calculation of Mandatory Cost. 1 The Mandatory Cost is an addition to the interest rate to compensate the Lenders for the cost of compliance with (a) the requirements of 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 (b) the requirements of the European Central Bank.
Appears in 10 contracts
Samples: Secured Loan Agreement (DHT Holdings, Inc.), Secured Loan Agreement (Poseidon Containers Holdings Corp.), Secured Credit Facility (Teekay Offshore Partners L.P.)
