Calculation of Mandatory Cost. 1 The Mandatory Cost is an addition to the interest rate to compensate the Lender 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 4 contracts
Samples: Secured Loan Agreement (Poseidon Containers Holdings Corp.), Secured Loan Agreement (Paragon Shipping Inc.), Secured Multi Currency Reducing Revolving Credit Facility Agreement (Safe Bulkers, Inc.)
Calculation of Mandatory Cost. 1 The Mandatory Cost is an addition to the interest rate to compensate the Lender Facility Lenders for the cost of compliance with (a) the requirements of the Bank of England and/or the Financial Services Conduct Authority and/or the Prudential Regulation 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 3 contracts
Samples: Loan Agreement (Teekay Offshore Partners L.P.), Loan Agreement, Loan Agreement (Teekay Corp)
Calculation of Mandatory Cost. 1 The Mandatory Cost is an addition to the interest rate to compensate the Lender 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 1 contract
Samples: Loan Agreement (Telewest Global Inc)
Calculation of Mandatory Cost. 1 The Mandatory Cost is an addition to the interest rate to compensate the Lender Lenders for the cost of compliance with (a) the requirements of the Bank of England and/or the Financial Services Authority (orfor, 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 1 contract
