Mandatory Costs Rate. The Mandatory Costs Rate 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 9 contracts
Samples: Credit Agreement (Transocean Ltd.), Credit Agreement (Compass Minerals International Inc), Revolving Credit Agreement (Heico Corp)
Mandatory Costs Rate. The Mandatory Costs Cost Rate 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 (Brinks Co)
