Common use of Mandatory Cost Clause in Contracts

Mandatory Cost. 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 5 contracts

Samples: Amendment and Restatement Agreement (Heidrick & Struggles International Inc), Credit Agreement (Heidrick & Struggles International Inc), Credit Agreement (Heidrick & Struggles International Inc)

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Mandatory Cost. The Mandatory Cost is an addition to the interest rate to compensate Sterling 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. Each reference herein shall, at the option of the Fronting Lender, include the Fronting Lender.

Appears in 2 contracts

Samples: Credit Agreement (Sothebys), Credit Agreement (Sothebys)

Mandatory Cost. 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 2 contracts

Samples: Loan Agreement (Exmar Energy Partners LP), Loan Agreement (Exmar Energy Partners LP)

Mandatory Cost. 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

Samples: Unsecured Term Credit Agreement (BioMed Realty L P)

Mandatory Cost. 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

Samples: Loan Agreement (Scorpio Bulkers Inc.)

Mandatory Cost. The Mandatory Cost is an addition to the interest rate to compensate Lenders Banks 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: Multicurrency Revolving Credit and Sterling Acceptance Facility Agreement (Mbna Corp)

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Mandatory Cost. The Mandatory Cost Rate (to the extent applicable) 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

Samples: Revolving Credit Agreement (PERRIGO Co LTD)

Mandatory Cost. 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. Each reference herein shall, at the option of the Fronting Lender, include the Fronting Lender.

Appears in 1 contract

Samples: Credit Agreement (Sothebys)

Mandatory Cost. The Mandatory Cost (to the extent applicable) 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

Samples: Credit Agreement (Ebay Inc)

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