Common use of CHANGES IN CIRCUMSTANCES AND INCREASED COSTS Clause in Contracts

CHANGES IN CIRCUMSTANCES AND INCREASED COSTS. 9.1 If at any time it becomes unlawful or impossible for VF to maintain or fund the whole or any part of the Loan Account Balance VF may at any time by written notice to the Borrower require the Borrower to repay the Loan Account Balance immediately, together with any outstanding interest and all other sums due to VF under this Agreement, the Agreement for the Purchase of Debts and the Security Document. 9.2 The Borrower shall pay to VF on demand such amount as VF may from time to time certify as being necessary to compensate it for any increase in the cost of funding the Loan Account Balance or for any reduction in the rate of return under this Agreement, incurred by VF as a result of compliance with any official directives, requirements or requests of any regulatory authority (whether or not having the force of law) or any law or regulation (including, without limitation, those relating to reserve assets, special deposits, taxes, capital adequacy and/or asset ratios).

Appears in 3 contracts

Samples: Plant & Machinery Loan Agreement (Oilgear Co), Stock Loan Agreement (Oilgear Co), Loan Agreement (Microtel International Inc)

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CHANGES IN CIRCUMSTANCES AND INCREASED COSTS. 9.1 If at any time it becomes unlawful or impossible for VF to maintain or fund the whole or any part of the Loan Account Balance VF may at any time by written notice to the Borrower require the Borrower to repay the Loan Account Balance immediately, together with any outstanding interest and all other sums due to VF under this Agreement, the Agreement for the Purchase of Debts and the Security DocumentDocuments. 9.2 The Borrower shall pay to VF on demand such amount as VF may from time to time certify as being necessary to compensate it for any increase in the cost of funding the Loan Account Balance or for any reduction in the rate of return under this Agreement, incurred by VF as a result of compliance with any official directives, requirements or requests of any regulatory authority (whether or not having the force of law) or any law or regulation (including, without limitation, those relating to reserve assets, special deposits, taxes, capital adequacy and/or asset ratios).

Appears in 2 contracts

Samples: Real Property Loan Agreement (Inyx Inc), Plant and Machinery Loan Agreement (Inyx Inc)

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CHANGES IN CIRCUMSTANCES AND INCREASED COSTS. 9.1 If at any time it becomes unlawful or impossible for VF to maintain or fund the whole or any part of the Loan Account Balance VF may at any time by written notice to the Borrower require the Borrower to repay the Loan Account Balance immediately, together with any outstanding interest and all other sums due to VF under this Agreement, the Agreement for the Purchase of Debts Debts, the warrant loan Agreement and the Security Document. 9.2 The Borrower shall pay to VF on demand such amount as VF may from time to time certify as being necessary to compensate it for any increase in the cost of funding the Loan Account Balance or for any reduction in the rate of return under this Agreement, incurred by VF as a result of compliance with any official directives, requirements or requests of any regulatory authority (whether or not having the force of law) or any law or regulation (including, without limitation, those relating to reserve assets, special deposits, taxes, capital adequacy and/or asset ratios).

Appears in 1 contract

Samples: Loan Agreement (Microtel International Inc)

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