Common use of Deductions and Increased costs Clause in Contracts

Deductions and Increased costs. If, by reason of circumstances already existing at the transfer date, the Borrower would be obliged to make a payment to the KfW Subsidiary under Clauses 8.5, 17.2 or 17.3, it need pay the KfW Subsidiary only such an amount as it would have been obliged to pay KfW if the transfer had not occurred.

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement (Teekay Shipping Corp), Loan Agreement (Teekay Offshore Partners L.P.)

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Deductions and Increased costs. If, by reason of circumstances already existing at the transfer date, the Borrower Borrowers would be obliged to make a payment to the KfW Subsidiary under Clauses 8.5, 17.2 or 17.3, it need pay the KfW Subsidiary only such an amount as it would have been obliged to pay KfW if the transfer had not occurred.

Appears in 3 contracts

Samples: Facility Agreement (Teekay Corp), Facility Agreement (Teekay Corp), Facility Agreement (Teekay Tankers Ltd.)

Deductions and Increased costs. If, by reason of circumstances already existing at the transfer date, the Borrower would be obliged to make a payment to the KfW Subsidiary under Clauses 8.515.2, 17.2 15.3 or 17.315.6, it need pay the KfW Subsidiary Subsidary only such an amount as it would have been obliged to pay KfW if the transfer had not occurred.. \P1\3522333.10

Appears in 2 contracts

Samples: Loan Facility Agreement (Teekay LNG Partners L.P.), Loan Facility Agreement (Teekay Shipping Corp)

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Deductions and Increased costs. If, by reason of circumstances already existing at the transfer date, the Borrower would be obliged to make a payment to the KfW Subsidiary under Clauses 8.515.2, 17.2 15.3 or 17.315.6, it need pay the KfW Subsidiary Subsidary only such an amount as it would have been obliged to pay KfW if the transfer had not occurred.

Appears in 1 contract

Samples: Loan Facility Agreement

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