Common use of Increased Rate of Interest Clause in Contracts

Increased Rate of Interest. if the Borrower is prevented by operation of law or otherwise from paying or causing to be paid to the Administrative Agent or the Lenders such sums as it may be required to pay in accordance with Section 8.5.1, the applicable rates of interest or amount due will be increased to the rates or amount necessary to yield and to remit to the affected Person the net amount in the appropriate currency equal to the full amount it would have received had such Tax not been so deducted or withheld;

Appears in 2 contracts

Samples: Credit Agreement (Quebecor Printing Inc), Credit Agreement (Quebecor Printing Inc)

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Increased Rate of Interest. if the a Borrower is prevented by operation of law or otherwise from paying or causing to be paid to the Administrative Agent or the Lenders such sums as it may be required to pay in accordance with Section 8.5.1, the applicable rates of interest or amount due will be increased to the rates or amount necessary to yield and to remit to the affected Person the net amount in the appropriate currency equal to the full amount it would have received had such Tax not been so deducted or withheld;

Appears in 1 contract

Samples: Credit Agreement (Perkins Papers LTD)

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Increased Rate of Interest. if the Borrower is prevented by operation of law or otherwise from paying or causing to be paid to the Administrative Agent or the Lenders Lender such sums as it may be required to pay in accordance with Section 8.5.15.3.1, the applicable rates of interest or amount due will be increased to the rates or amount necessary to yield and to remit to the affected Person Lender the net amount in the appropriate currency equal to the full amount it would have received had such Tax not been so deducted or withheld;

Appears in 1 contract

Samples: Credit Agreement (Draxis Health Inc /Cn/)

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