Common use of Capital Reimbursement Clause in Contracts

Capital Reimbursement. If either (a) the introduction or implementation of, or the compliance with, or any change in, or in the interpretation of, any law, rule or regulation, or (b) the introduction or implementation of or the compliance with any request, directive or guideline from any central bank or Governmental Authority (whether or not having the force of law) affects or would affect the amount of capital required to be maintained by any Lender or any corporation controlling any Lender, then, upon demand by such Lender, Borrower will immediately pay to Administrative Agent for the benefit of such Lender, from time to time as specified by such Lender, such additional amount which such Lender shall determine to be appropriate to compensate such Lender or any corporation controlling such Lender in light of such circumstances, to the extent that such Lender reasonably determines that, because of the existence of such circumstances, the amount of any such capital would be increased or the rate of return on any such capital would be reduced, in whole or in part, by or as a consequence of the existence of such Lender's Commitment, its Advances, its Percentage Share of LC Obligations, its participation in any Swing Line Advances and its other commitments under this Agreement to Borrower, subject to the provisions of Section 2.21.

Appears in 1 contract

Samples: Credit Agreement (Pioneer Natural Resources Co)

AutoNDA by SimpleDocs

Capital Reimbursement. If either (a) the introduction or --------------------- implementation of, of or the compliance with, with or any change in, in or in the interpretation of, of any law, rule or regulation, or (b) the introduction or implementation of or the compliance with any request, directive or guideline from any central bank or Governmental Authority other governmental authority (whether or not having the force of law) affects or would affect the amount of capital required or expected to be maintained by any Lender or any corporation controlling any such Lender, then, upon demand by such Lender, Borrower will immediately pay to Administrative Agent for the benefit account of such Lender, from time to time as specified by such Lender, such additional amount or amounts which such Lender shall determine to be appropriate to compensate such Lender or any corporation controlling such Lender in light of such circumstances, to the extent that such Lender reasonably determines that, because of the existence of such circumstances, that the amount of any such capital would be increased or the rate of return on any such capital would be reduced, reduced by or in whole or in part, by or as a consequence of part based on the existence face amount of such Lender's Commitment, its Advances, its Percentage Share of LC Obligations, its participation in any Swing Line Advances and its other Note or commitments under this Agreement to Borrower, subject to the provisions of Section 2.21Agreement.

Appears in 1 contract

Samples: Credit Agreement (Nab Asset Corp)

Capital Reimbursement. If either (a) the introduction or implementation of, or the compliance with, or any change in, or in the interpretation of, any law, rule or regulation, or (b) the introduction or implementation of or the compliance with any request, directive or guideline from any central bank or Governmental Authority (whether or not having the force of law) affects or would affect the amount of capital required to be maintained by any Lender or any corporation controlling any Lender, then, upon demand by such Lender, Borrower will immediately pay to Administrative Agent for the benefit of such Lender, from time to time as specified by such Lender, such additional amount which such Lender shall determine to be appropriate to compensate such Lender or any corporation controlling such Lender in light of such circumstances, to the extent that such Lender reasonably determines that, because of the existence of such circumstances, the amount of any such capital would be increased or the rate of return on any such capital would be reduced, in whole or in part, by or as a consequence of the existence of such Lender's CommitmentCommitments, its AdvancesLoans, its Percentage Share of LC Obligations, its participation in any Swing Line Advances and its other commitments under this Agreement to Borrower, subject to the provisions of Section 2.21.

Appears in 1 contract

Samples: Credit Facility Agreement (Pioneer Natural Resources Co)

AutoNDA by SimpleDocs

Capital Reimbursement. If either (a) the introduction or implementation of, or the compliance with, or any change in, or in the interpretation of, any law, rule or regulation, or (b) the introduction or implementation of or the compliance with any request, directive or guideline from any central bank or Governmental Authority (whether or not having the force of law) affects or would affect the amount of capital required to be maintained by any Lender or any corporation controlling any Lender, then, upon demand by such Lender, Borrower will immediately pay to Administrative Agent for the benefit of such Lender, from time to time as specified by such Lender, such additional amount which such Lender shall determine to be appropriate to compensate such Lender or any corporation controlling such Lender in light of such circumstances, to the extent that such Lender reasonably determines that, because of the existence of such circumstances, the amount of any such capital would be increased or the rate of return on any such capital would be reduced, in whole or in part, by or as a consequence of the existence of such Lender's CommitmentCommitments, its AdvancesLoans, its Percentage Share of LC Obligations, its participation in any Swing Line Advances and its other commitments under this Agreement to Borrower, subject to the provisions of Section 2.21.

Appears in 1 contract

Samples: Credit Facility Agreement (Pioneer Natural Resources Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!