Common use of Foreign Subsidiary Costs Clause in Contracts

Foreign Subsidiary Costs. (a) If the cost to any Bank of making or maintaining any Loan to an Eligible Subsidiary is increased, or the amount of any sum received or receivable by any Bank (or its Applicable Lending Office) is reduced by an amount deemed by such Bank to be material, by reason of the fact that such Eligible Subsidiary is incorporated in, or conducts business in, a jurisdiction outside the United States, such Borrower shall indemnify such Bank for such increased costs or reduction within 15 days after demand by such Bank (with a copy to the Agent and the Company). A certificate of such Bank claiming compensation under this subsection (a) and setting forth the additional amount or amounts to be paid to it hereunder shall be conclusive in the absence of manifest error.

Appears in 2 contracts

Samples: Credit Agreement (Gillette Co), Credit Agreement (Gillette Co)

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Foreign Subsidiary Costs. (a) If the cost to any Bank of making or maintaining any Loan to an Eligible Subsidiary is increased, or the amount of any sum received or receivable by any Bank (or its Applicable Lending Office) is reduced by an amount deemed by such Bank to be material, by reason of the fact that such Eligible Subsidiary is incorporated in, or conducts business in, a jurisdiction outside the United States, such Borrower shall indemnify such Bank for such increased costs or reduction within 15 days after demand by such Bank (with a copy to the Agent and the Company). A certificate of such Bank claiming compensation under this subsection (ab) and setting forth the additional amount or amounts to be paid to it hereunder shall be conclusive in the absence of manifest error.

Appears in 2 contracts

Samples: Credit Agreement (Gillette Co), Credit Agreement (Gillette Co)

Foreign Subsidiary Costs. (a) If the cost to any Bank of making or maintaining any Loan to an Eligible Subsidiary is increased, or the amount of any sum received or receivable by any Bank (or its Applicable Lending Office) is reduced by an amount deemed by such Bank to be material, by reason of the fact that such Eligible Subsidiary is incorporated in, or conducts business in, a jurisdiction outside the United StatesStates of America, such Borrower the Company shall indemnify such Bank for such increased costs cost or reduction within 15 days after demand by such Bank (with a copy to the Agent and the CompanyAdministrative Agent). A certificate of such Bank claiming compensation under this subsection (a2.17(a) and setting forth the additional amount or amounts to be paid to it hereunder shall be conclusive in the absence of manifest error.

Appears in 2 contracts

Samples: Credit Agreement (Ck Witco Corp), Credit Agreement (Witco Corp)

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Foreign Subsidiary Costs. (a) If the cost to any Bank of making or maintaining any Loan to an Eligible Subsidiary is increased, or the amount of any sum received or receivable by any Bank (or its Applicable Lending Office) is reduced by an amount deemed by such Bank to be material, by reason of the fact that such Eligible Subsidiary is incorporated in, or conducts business in, a jurisdiction outside the United StatesStates of America, such Borrower the Company shall indemnify such Bank for such increased costs cost or reduction within 15 days after demand by such Bank (with a copy to the Agent and the CompanyAgent). A certificate of such Bank claiming compensation under this subsection (a) and setting forth the additional amount or amounts to be paid to it hereunder shall be conclusive in the absence of manifest error.

Appears in 2 contracts

Samples: Credit Agreement (Timberland Co), Assignment and Assumption Agreement (Boise Cascade Office Products Corp)

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