Common use of Limitation on Certain Obligations of Borrower Clause in Contracts

Limitation on Certain Obligations of Borrower. 26.6 If, at the time of any novation or assignment by the Bank or of any change its Facility Office, circumstances exist which would oblige the Borrower to pay to the New Bank or assignee (or, in the case of a change of Facility Office, the Bank) under Clause 10 (Taxes), 11 (Illegality) or 12 (Increased Costs) any sum in excess of the sum (if any) which it would have been obliged to pay to the Bank under the relevant Clause in the absence of that novation, assignment or change, the Borrower shall not be obliged to pay that excess.

Appears in 2 contracts

Samples: Agreement (Alstom), Agreement (Alstom)

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Limitation on Certain Obligations of Borrower. 26.6 27.7 If, at the time of any novation or assignment by the a Bank or of any change its of Facility Office, circumstances exist which would oblige the Borrower to pay to the New Bank or assignee (or, in the case of a change of Facility Office, the relevant Bank) under Clause 10 (Taxes), 11 (Illegality) or 12 (Increased Costs) any sum in excess of the sum (if any) which it would have been obliged to pay to the that Bank under the relevant Clause in the absence of that novation, assignment or change, the Borrower shall not be obliged to pay that excess.

Appears in 2 contracts

Samples: Agreement (Alstom), Agreement (Alstom)

Limitation on Certain Obligations of Borrower. 26.6 If, at the time of any novation or assignment by the a Bank or of any change its of Facility Office, circumstances exist which would oblige the Borrower to pay to the New Bank or assignee (or, in the case of a change of Facility Office, the relevant Bank) under Clause 10 Clauses 11 (Taxes), 11 12 (Illegality) or 12 13 (Increased Costs) any sum in excess of the sum (if any) which it would have been obliged to pay to the that Bank under the relevant Clause in the absence of that novation, assignment or change, the Borrower shall not be obliged to pay that excess.

Appears in 2 contracts

Samples: Agreement (Alstom), Agreement (Alstom)

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Limitation on Certain Obligations of Borrower. 26.6 27.7 If, at the time of any novation or assignment by the a Bank or of any change its of Facility Office, circumstances exist which would oblige the Borrower to pay to the New Bank or assignee (or, in the case of a change of Facility Office, the relevant Bank) under Clause 10 Clauses 11 (Taxes), 11 12 (Illegality) or 12 13 (Increased Costs) any sum in excess of the sum (if any) which it would have been obliged to pay to the that Bank under the relevant Clause in the absence of that novation, assignment or change, the Borrower shall not be obliged to pay that excess.

Appears in 1 contract

Samples: Agreement (Alstom)

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