Common use of Foreign Subsidiary Costs Clause in Contracts

Foreign Subsidiary Costs. (a)If the cost to any Lender of making or maintaining any Loan to any Borrower is increased (or the amount of any sum received or receivable by any Lender (or its applicable lending office) is reduced) by an amount deemed in good faith by such Lender to be material, due to a Change in Law and by reason of the fact that such Borrower is incorporated in, or conducts business in, a jurisdiction other than the United States of America or Canada, such Borrower shall indemnify such Lender for such increased cost or reduction within 30 days after demand by such Lender (with a copy to the Administrative Agent). A certificate of such Lender claiming compensation under this paragraph and setting forth the additional amount or amounts to be paid to it hereunder (and the basis for the calculation of such amount or amounts) shall be conclusive in the absence of manifest error.

Appears in 3 contracts

Samples: Credit Agreement, Credit Agreement (Idexx Laboratories Inc /De), Credit Agreement (Idexx Laboratories Inc /De)

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Foreign Subsidiary Costs. (a)If a) If the cost to any Lender of making or maintaining any Loan to any Borrower an Eligible Subsidiary is increased (or the amount of any sum received or receivable by any Lender (or its applicable lending officeApplicable Lending Office) is reduced) by an amount deemed in good faith by such Lender to be material, due to a Change in Law and by reason of the fact that such Borrower Eligible Subsidiary is incorporated in, or conducts business in, a jurisdiction other than outside the United States of America or CanadaStates, such Borrower Eligible Subsidiary shall indemnify such Lender for such increased cost or reduction within 30 15 days after demand by such Lender (with a copy to the Administrative Agent). A certificate of such Lender claiming compensation under this paragraph subsection and setting forth the additional amount or amounts to be paid to it hereunder (and the basis for the calculation of such amount or amounts) shall be conclusive in the absence of manifest error.

Appears in 1 contract

Samples: Credit Agreement (TRW Inc)

Foreign Subsidiary Costs. (a)If a) If the cost to any ------------------------- Lender of making or maintaining any Loan to any Borrower a Borrowing Subsidiary is increased (or the amount of any sum received or receivable by any Lender (or its applicable lending office) is reduced) by an amount deemed in good faith by such Lender to be material, due to a Change in Law and by reason of the fact that such Borrower Borrowing Subsidiary is incorporated in, or conducts business in, a jurisdiction other than outside the United States of America or CanadaStates, such Borrower Borrowing Subsidiary shall indemnify such Lender for such increased cost or reduction within 30 15 days after demand by such Lender (with a copy to the Administrative Agent). A certificate of such Lender claiming compensation under this paragraph and setting forth the additional amount or amounts to be paid to it hereunder (and the basis for the calculation of such amount or amounts) shall be conclusive in the absence of manifest error.

Appears in 1 contract

Samples: Credit Agreement (TRW Inc)

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Foreign Subsidiary Costs. (a)If a) If the cost to any ------------------------ Lender of making or maintaining any Loan to any Borrower a Borrowing Subsidiary is increased (or the amount of any sum received or receivable by any Lender (or its applicable lending office) is reduced) by an amount deemed in good faith by such Lender to be material, due to a Change in Law and by reason of the fact that such Borrower Borrowing Subsidiary is incorporated in, or conducts business in, a jurisdiction other than outside the United States of America or CanadaStates, such Borrower Borrowing Subsidiary shall indemnify such Lender for such increased cost or reduction within 30 15 days after demand by such Lender (with a copy to the Administrative Agent). A certificate of such Lender claiming compensation under this paragraph and setting forth the additional amount or amounts to be paid to it hereunder (and the basis for the calculation of such amount or amounts) shall be conclusive in the absence of manifest error.

Appears in 1 contract

Samples: Credit Agreement (TRW Inc)

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