Common use of Increased Cost Clause in Contracts

Increased Cost. The Borrower agrees to pay to the Bank, the amount of any cost incurred by the Bank or any of its affiliates as a result of: a) the introduction of, or any change in, or any change in the interpretation, administration or application of, any law or regulation; and/or b) compliance with any law or regulation made effective after the date of the Sanction Letter; and/or c) additional solicitors and lawyer’s fees or introduction of new or additional stamp duty, registration charges and other incidental expenses incurred or levied in connection with the Facility. The terms "law" and "regulation" in this clause shall include, without limitation, any law or regulation, circular or notification concerning capital adequacy, prudential limits, liquidity, reserve assets or tax.

Increased Cost. The Borrower agrees to pay to the BankLender, the amount of any cost incurred by the Bank Lender or any of its affiliates as a result of: a) the introduction of, or any change in, or any change in the interpretation, administration or application of, any law or regulation; and/orand/ or b) compliance with any law or regulation made effective after the date of the Sanction LetterSchedule; and/orand/ or c) additional solicitors and lawyer’s fees or introduction of new or additional stamp duty, registration charges and other incidental expenses incurred or levied in connection with the FacilityLoan. The terms "law" and "regulation" in this clause shall include, without limitation, any law or regulation, circular or notification concerning capital adequacy, prudential limits, liquidity, reserve assets or tax.