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Common use of Increased cost claims Clause in Contracts

Increased cost claims. If the Lender intends to make a claim pursuant to Clause 14.1 (Increased costs) the Lender shall promptly notify the Obligors of the event giving rise to the claim accompanied with a calculation setting out the increased costs.

Appears in 2 contracts

Samples: Facility Agreement (FreeSeas Inc.), Facility Agreement (FreeSeas Inc.)

Increased cost claims. If the Lender Issuing Bank intends to make a claim pursuant to Clause 14.1 11.1 (Increased costs) the Lender it shall promptly notify the Obligors Borrower A of the event giving rise to the claim accompanied with and provide a calculation setting out certificate confirming the increased costs.amount of its Increased Costs to Borrower A.

Appears in 2 contracts

Samples: Multicurrency Letter of Credit Facility Agreement (Aspen Insurance Holdings LTD), Multicurrency Letter of Credit Facility Agreement (Aspen Insurance Holdings LTD)

Increased cost claims. If the Lender intends to make a claim pursuant to Clause 14.1 12.1 (Increased costs) the Lender shall promptly notify the Obligors Borrower of the event giving rise to the claim accompanied with a calculation setting out the increased costsclaim, and provide reasonable details of such event.

Appears in 2 contracts

Samples: Facility Agreement, Facility Agreement (Cordlife Group LTD)

Increased cost claims. If the Lender intends to make a claim pursuant to Clause 14.1 11.1 (Increased costs) the Lender Costs), it shall promptly notify the Obligors Borrower of the event giving rise to the claim accompanied with and provide a calculation setting out certificate confirming the increased costsamount of its Increased Costs.

Appears in 2 contracts

Samples: Facility Agreement, Facility Agreement

Increased cost claims. If the Lender intends to make a claim pursuant to Clause 14.1 13 (Increased costs) the Lender ), it shall promptly notify the Obligors Borrower of the event giving rise to the claim accompanied with and provide a calculation setting out certificate confirming the increased costsamount of such Increased Costs which, in the absence of manifest error, shall be binding on the Borrower.

Appears in 1 contract

Samples: Facility Agreement (Guoren Industrial Developments LTD)

Increased cost claims. If the Lender Issuing Bank intends to make a claim pursuant to Clause 14.1 10.1 (Increased costs) the Lender it shall promptly notify the Obligors Borrowers of the event giving rise to the claim accompanied with and provide a calculation setting out certificate confirming the increased costsamount of its Increased Costs to each Borrower.

Appears in 1 contract

Samples: Letter of Credit Facility Agreement (Tower Group International, Ltd.)