Common use of Lender Costs Clause in Contracts

Lender Costs. Borrowers shall pay directly to Lender from time to time on request such amounts as Lender may determine to be necessary to compensate Lenders or any parent or holding company for any costs which it determines are attributable to the maintenance by the Lenders or any parent or holding company, pursuant to any Governmental Requirement, of capital in respect of its Revolver Commitment or making, funding or maintaining any Revolver Loans or Letters of Credit (such compensation to include, without limitation, an amount equal to any reduction of the rate of return on assets or equity of Lender or any parent or holding company to a level below that which the Lenders or any parent or holding company could have achieved but for such Governmental Requirement). Lenders will notify Borrowers that it is entitled to compensation pursuant to this Section 2.19(a) as promptly as practicable after it determines to request such compensation.

Appears in 2 contracts

Samples: Revolver Loan Agreement (Energy 11, L.P.), Revolver Loan Agreement (Energy Resources 12, L.P.)

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Lender Costs. Borrowers The Borrower shall pay directly to each Lender from time to time on request such amounts as such Lender may determine to be necessary to compensate Lenders such Lender or any its parent or holding company for any costs which it determines are attributable to the maintenance by the Lenders such Lender or any its parent or holding company, pursuant to any Governmental Requirement, of capital in respect of its Revolver Revolving Credit Commitment or making, funding or maintaining any Revolver Loans or Letters of Credit (such compensation to include, without limitation, an amount equal to any reduction of the rate of return on assets or equity of such Lender or any its parent or holding company to a level below that which the Lenders such Lender or any its parent or holding company could have achieved but for such Governmental Requirement). Lenders Each Lender will notify Borrowers the Borrower that it is entitled to compensation pursuant to this Section 2.19(a5.01(a) as promptly as practicable after it determines to request such compensation.

Appears in 1 contract

Samples: Credit Agreement (Arena Resources Inc)

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Lender Costs. Borrowers The Borrower shall pay directly to each Lender from time to time on request such amounts as such Lender may determine to be necessary to compensate Lenders such Lender or any its parent or holding company for any costs which it determines are attributable to the maintenance by the Lenders such Lender or any its parent or holding company, pursuant to any Governmental Requirement, of capital in respect of its Revolver Revolving Credit Commitment or making, funding or maintaining any Revolver Loans or Letters of Credit (such compensation to include, without limitation, an amount equal to any reduction of the rate of return on assets or equity of such Lender or any its parent or holding company to a level below that which the Lenders such Lender or any its parent or holding company could have achieved but for such Governmental Requirement). Lenders Each Lender will notify Borrowers the Borrower that it is entitled to compensation pursuant to this Section 2.19(a5.01(a) as promptly as practicable after it determines to request such compensation.. 39

Appears in 1 contract

Samples: Credit Agreement (Arena Resources Inc)

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