MANDATORY COST FORMULA. The Mandatory Cost is an addition to the interest rate to compensate Lenders for the cost of compliance with (a) the requirements of the Bank of England and/or the Financial Services Authority (or, in either case, any other authority which replaces all or any of its functions) or (b) the requirements of the European Central Bank.
Appears in 17 contracts
Samples: Debtor in Possession Credit Agreement (Eagle Bulk Shipping Inc.), Super Senior Revolving Facility Agreement (Orion Engineered Carbons S.a r.l.), Loan and Security Agreement (Commercial Vehicle Group, Inc.)
MANDATORY COST FORMULA. 1 The Mandatory Cost is an addition to the interest rate to compensate Lenders for the cost of compliance with (a) the requirements of the Bank of England and/or the Financial Services Authority (or, in either case, or any other authority which replaces all or any of its functions) or (b) the requirements of the European Central Bank.
Appears in 11 contracts
Samples: Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Castor Maritime Inc.), Loan Agreement (Capital Product Partners L.P.)
MANDATORY COST FORMULA. 1 The Mandatory Cost is an addition to the interest rate to compensate Lenders the Lender for the cost of compliance with (a) the requirements of the Bank of England and/or the Financial Services Authority (or, in either case, or any other authority which replaces all or any of its functions) or (b) the requirements of the European Central Bank.
Appears in 5 contracts
Samples: Amending and Restating Agreement (DryShips Inc.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (NewLead Holdings Ltd.)
MANDATORY COST FORMULA. The Mandatory Cost is an addition to the interest rate to compensate Lenders for the cost of compliance with (a) the requirements of the Bank of England and/or the Financial Services Authority (or, in either case, any other authority which replaces all or any of its functions) or (b) the requirements of the European Central Bank.
Appears in 2 contracts
Samples: Facility Agreement (Hoegh LNG Partners LP), Facility Agreement (Hoegh LNG Partners LP)
MANDATORY COST FORMULA. The Mandatory Cost is an addition to the interest rate to compensate Lenders for the cost of compliance with (a) the requirements of the Bank of England and/or the Financial Services Authority (or, in either case, any other authority which replaces all or any of its functions) or ), (b) the requirements of the European Central BankBank or (c) in the case of a Lender lending from a Facility Office in any other jurisdiction, the requirements of any financial regulator with jurisdiction over that Lender (or any other authority which replaces all or any of its functions) (a “Non-EU/UK Regulator”).
Appears in 1 contract
Samples: Revolving Facilities Agreement (Molson Coors Brewing Co)
MANDATORY COST FORMULA. The Mandatory Cost is an addition to the interest rate to compensate [Alternative Currency Revolving Credit] Lenders for the cost of compliance with (a) the requirements of the Bank of England and/or the Financial Services Authority (or, in either case, any other authority which replaces all or any of its functions) or (b) the requirements of the European Central Bank.
Appears in 1 contract
Samples: Credit Agreement (Clear Channel Communications Inc)
MANDATORY COST FORMULA. The Mandatory Cost is an addition to the interest rate to compensate Lenders for the cost of compliance with (a) the requirements of the Bank of England England, the Prudential Regulatory Authority and/or the Financial Services Conduct Authority (or, in either each case, any other authority which replaces all or any of its functions) (the Prudential Regulatory Authority and the Financial Conduct Authority each being a “Financial Authority”) or (b) the requirements of the European Central Bank.
Appears in 1 contract
Samples: Term Loan and Multicurrency Revolving Facilities Agreement (AVG Technologies N.V.)
MANDATORY COST FORMULA. The Mandatory Cost is an addition to the interest rate in relation to compensate Lenders for the cost of compliance with (a) the requirements of the Bank of England and/or the Financial Services Authority (or, in either case, any other authority which replaces all or any of its functions) or (b) the requirements of the European Central Bank.
Appears in 1 contract
MANDATORY COST FORMULA. 1 The Mandatory Cost is an addition to the interest rate to compensate Lenders for the cost of compliance with (a) the requirements of the Bank of England and/or the Financial Services Authority (or, in either case, any other authority which replaces all or any of its functions) or (b) the requirements of the European Central Bank.
Appears in 1 contract
MANDATORY COST FORMULA. The Mandatory Cost is an addition to the interest rate to compensate GIEK Lenders for the cost of compliance with (a) the requirements of the Bank of England and/or the relevant Financial Services Authority (or, in either case, any other authority which replaces all or any of its functions) or (b) the requirements of the European Central Bank.
Appears in 1 contract
Samples: Senior Secured Term Loan Facility Agreement (Seadrill Partners LLC)
MANDATORY COST FORMULA. The Mandatory Cost (to the extent applicable) is an addition to the interest rate to compensate Lenders the Bank for the cost of compliance with (a) the requirements of the Bank of England and/or the Financial Services Authority (or, in either case, any other authority which replaces all or any of its functions) or (b) the requirements of the European Central Bank).
Appears in 1 contract
Samples: Loan Agreement (Neogen Corp)
MANDATORY COST FORMULA. The Mandatory Cost is an addition to the interest rate to compensate the Lenders for the cost of compliance with (a) the requirements of the Bank of England and/or the Financial Services Authority (or, in either case, any other authority which replaces all or any of its functions) or (b) the requirements of the European Central Bank.
Appears in 1 contract
MANDATORY COST FORMULA. The Mandatory Cost is an addition to the interest rate to compensate Lenders a Lender for the cost of compliance with (a) the requirements of the Bank of England and/or the Financial Services Authority (or, in either case, any other authority which replaces all or any of its functions) or (b) the requirements of the European Central Bank.
Appears in 1 contract
MANDATORY COST FORMULA. The Mandatory Cost is an addition to the interest rate to compensate Lenders for the cost of compliance with (a) the requirements of the Bank of England Financial Conduct Authority and/or the Financial Services Prudential Regulation Authority (or, in either any case, any other authority which replaces all or any of its functions) or (b) the requirements of the European Central Bank.
Appears in 1 contract
