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.
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Samples: Credit Agreement (Constellium Holdco B.V.), Credit Agreement (Constellium Holdco B.V.), Credit Agreement (Heidrick & Struggles International Inc)
Mandatory Cost. 1. 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.
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Samples: Credit Agreement (Sothebys), Credit Agreement (Sothebys)
Mandatory Cost. 1. 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 2 contracts
Samples: Term Loan Credit Agreement (PERRIGO Co LTD), Revolving Credit Agreement (PERRIGO Co LTD)
Mandatory Cost. 17. 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: Mbna Corp
Mandatory Cost. 1. 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)
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. 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. 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: Unsecured Term Credit Agreement (BioMed Realty L P)
Mandatory Cost. 1. 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
