Common use of Increased Cost Clause in Contracts

Increased Cost. The Borrower agrees to pay to the Lender, the amount of any cost incurred by the 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/or b) compliance with any law or regulation made effective after the date of Sanction Letter; and/or c) additional solicitor’s 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 Loan. The Applicable Law shall mean and include all statutory, enactments, Acts of the legislature in India, Laws, Ordinance, rules, bye laws regulations, notifications, guidelines, policies, directions, directives and Orders of any Govt. and / or regulator as amended from time to time.