Increased Expenses Clause Samples
The Increased Expenses clause defines how additional costs incurred during the performance of a contract are handled. Typically, this clause specifies whether the party responsible for providing goods or services can recover extra expenses that arise due to unforeseen circumstances, regulatory changes, or other external factors beyond their control. For example, if new government regulations require more expensive materials or processes, the clause may allow the service provider to pass those costs on to the client. Its core practical function is to allocate the risk of unexpected cost increases, ensuring that parties are clear on who bears responsibility for such expenses and reducing the likelihood of disputes.
Increased Expenses. Tenant shall pay Landlord the amounts of any increase in costs or expenses incident to the occupancy of the Premises by such assignee or subtenant, including but not limited to, reasonable attorney's fees incurred in connection with giving such consent.
Increased Expenses. In the event that any applicable Law, treaty or governmental regulation, or any change therein or in the interpretation or application thereof, or compliance by the Agent or such participant with any request or directive (whether or not having the force of law) from any central bank or other financial, monetary or other authority, shall:
(a) subject the Agent or such participant to any tax of any kind whatsoever with respect to this Agreement or change the basis of taxation of payments to the Agent or such participant of principal, fees, interest or any other amount payable hereunder or under any other documents (except for changes in the rate of tax on the overall net income of the Agent or such participant by the federal government or the jurisdiction in which it maintains its principal office);
(b) impose, modify or hold applicable any reserve, special deposit, assessment or similar requirement against assets held by, or deposits 5183878 v13 in or for the account of, advances or loans by, or other credit extended by the Agent or such participant by reason of or in respect to this Agreement and the Loan Documents; or
(c) impose on the Agent or such participant any other condition with respect to this Agreement and any other Loan Document; and the result of any of the foregoing is to increase the cost to the Agent or such participant of making, renewing or maintaining its loans hereunder by an amount that the Agent or such participant deems to be material in the exercise of its reasonable business judgment and acting in good faith or to reduce the amount of any payment (whether of principal, interest or otherwise) in respect of any of the loans by an amount that the Agent or such participant deems to be material in the exercise of its reasonable business judgment and acting in good faith, then, in any case the Borrowers shall pay the Agent or such participant, within 5 days following its demand, such additional cost or such reduction, as the case may be; provided however that the Borrowers shall only be liable to compensate the Agent and any participant for any such increased cost or reduced amount suffered by the Agent and any participant during the period commencing 90 days prior to the date of such demand. Once the Borrowers have been notified by the Agent of such increased cost or reduced amount, the Borrowers shall be liable to compensate the Agent and any participant for any such increased cost or reduced amount for so long thereafter as the Agent a...
Increased Expenses. If, as a result of any change in, introduction to or a change in the application of the law, regulatory provisions or the requirement of the bank of issue or due to compliance with other capital adequacy or reserve requirements, the Bank incurs additional costs in relation to the execution of the Facility Agreement or in relation to the undertaking, maintenance or performance of obligations arising out of the Facility Agreement or the Bank’s costs related to the provision or maintenance of the facility increase, then the Customer shall immediately pay to the Bank, upon its request, the amount which has been incurred by the Bank as a result of the payment of such increased costs. The Bank shall notify the Customer in writing of the increased costs and provide reasons for the event based on which the Bank is entitled to enforce its claim 15 (fifteen) days prior to the enforcement of the increased costs, at the latest. When the negative impact of the circumstances referred to above ceases to exist, the Bank may not or may only partially demand later that the Customer pay the increased costs. The provisions of this section shall not entitle the Bank to unilaterally amend any agreement made with the Customer by introducing any new fee or charge.
4.4.6.1. If BUBOR ceases to be quoted, the Bank shall determine the base rate valid on the date of drawdown of a Loan or the commencement date of the following interest period by requesting offers from eight prime banks in Hungary for the interbank placement of HUF 100,000,000, say one hundred million Hungarian forints, and shall calculate the base rate from these offers, by leaving out the two highest and the two lowest offers and rounding the arithmetic mean to two decimal places according to the rules of rounding.
Increased Expenses. Tenant shall pay the amounts of any increase in costs or expenses incident to the occupancy of the Premises by such assignee or subtenant including but not limited to, reasonable attorney's fees incurred in connection with giving such consent.
Increased Expenses. With respect to each calendar year during the lease term, the Tenant shall pay in the installments provided below in Sections 3.3'and 3.4, as additional rent, in addition to the Basic Rent specified in Article 2 above, an amount equal to the Tenant's Proportionate Share (as hereinafter defined) of the amount of actual Total Operating Expenses (as hereinafter defined). All such payments shall be made together with the Basic Rent, shall be due without the necessity of further demand, and shall not be subject to any claim of offset or deduction.