Common use of Mitigation Obligations; Replacement of Banks Clause in Contracts

Mitigation Obligations; Replacement of Banks. (a) If any Bank requests compensation under Section 8.3, or if the Borrower is required to pay any additional amount to any Bank or any Governmental Authority for the account of any Bank pursuant to Section 8.4, then such Bank shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or Affiliates, if, in the judgment of such Bank, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 8.3 or 8.4, as the case may be, in the future and (ii) would not subject such Bank to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Bank. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Bank in connection with any such designation or assignment.

Appears in 7 contracts

Samples: Term Loan Agreement (Kilroy Realty, L.P.), Term Loan Agreement (Kilroy Realty, L.P.), Credit Agreement (Kilroy Realty, L.P.)

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Mitigation Obligations; Replacement of Banks. (a) If any Bank requests compensation under Section 8.38.03, or if the Borrower Company is required to pay any additional amount to any Bank or any Governmental Authority governmental body, agency or official for the account of any Bank pursuant to Section 8.48.05, then such Bank shall use reasonable efforts to designate a different lending office Applicable Lending Office for funding or booking its Term Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or Affiliatesaffiliates, if, in the judgment of such BankBank (with the concurrence of the Company), such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 8.3 8.03 or 8.48.05, as the case may be, in the future and (ii) would not subject such Bank to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Bank. The Borrower Company hereby agrees to pay all reasonable costs and expenses incurred by any Bank in connection with any such designation or assignment.

Appears in 6 contracts

Samples: Term Loan Agreement (American Equity Investment Life Holding Co), Term Loan Agreement (Jackson Financial Inc.), Term Loan Agreement (Brighthouse Financial, Inc.)

Mitigation Obligations; Replacement of Banks. (a) If any Bank requests compensation under Section 8.38.03, or if the Borrower any Account Party is required to pay any additional amount to any Bank or any Governmental Authority governmental body, agency or official for the account of any Bank pursuant to Section 8.48.05, then such Bank shall use reasonable efforts to designate a different lending office Applicable Lending Office for funding or booking its Loans and/or other Credit Exposure hereunder or to assign its rights and obligations hereunder to another of its offices, branches or Affiliatesaffiliates, if, in the judgment of such BankBank (with the concurrence of the Company), such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 8.3 8.03 or 8.48.05, as the case may be, in the future and (ii) would not subject such Bank to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Bank. The Borrower Company hereby agrees to pay all reasonable costs and expenses incurred by any Bank in connection with any such designation or assignment.

Appears in 6 contracts

Samples: Credit Agreement (Lincoln National Corp), Credit Agreement (Lincoln National Corp), Credit Agreement (Lincoln National Corp)

Mitigation Obligations; Replacement of Banks. (a) If any Bank requests compensation under Section 8.38.03, or if the Borrower Company is required to pay any additional amount to any Bank or any Governmental Authority governmental body, agency or official for the account of any Bank pursuant to Section 8.48.05, then such Bank shall use reasonable efforts to designate a different lending office Applicable Lending Office for funding or booking its Loans and/or other Credit Exposure hereunder or to assign its rights and obligations hereunder to another of its offices, branches or Affiliatesaffiliates, if, in the judgment of such BankBank (with the concurrence of the Company), such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 8.3 8.03 or 8.48.05, as the case may be, in the future and (ii) would not subject such Bank to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Bank. The Borrower Company hereby agrees to pay all reasonable costs and expenses incurred by any Bank in connection with any such designation or assignment.

Appears in 6 contracts

Samples: Assignment and Assumption (Jackson Financial Inc.), Assignment and Assumption (Equitable Holdings, Inc.), Revolving Credit Agreement (Jackson Financial Inc.)

Mitigation Obligations; Replacement of Banks. (a) If any Bank requests compensation under Section 8.32.12 or Section 2.18, or if the Borrower Company is required to pay any additional amount to any Bank or any Governmental Authority for the account of any Bank pursuant to Section 8.42.12 or Section 2.18, then such Bank shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or Affiliatesaffiliates, if, in the judgment of such Bank, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 8.3 2.12 or 8.4, as the case may be, Section 2.18 in the future and (ii) would not subject such Bank to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Bank. The Borrower Company hereby agrees to pay all reasonable costs and expenses incurred by any Bank in connection with any such designation or assignment.

Appears in 6 contracts

Samples: Revolving Credit Facility Agreement (Southwest Airlines Co), Revolving Credit Facility Agreement (Southwest Airlines Co), Revolving Credit Facility Agreement (Southwest Airlines Co)

Mitigation Obligations; Replacement of Banks. (a) Mitigation Obligations. If any Bank requests compensation under Section 8.33.01 or 3.02, or if requires the Borrower is required Company to pay any Indemnified Taxes or additional amount amounts to any Bank or any Governmental Authority for the account of any Bank pursuant to Section 8.43.06, then such Bank shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or Affiliatesaffiliates, if, in the judgment of such Bank, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 8.3 3.01, 3.02 or 8.43.06, as the case may be, in the future future, and (ii) would not subject such Bank to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Bank. The Borrower Company hereby agrees to pay all reasonable costs and expenses incurred by any Bank in connection with any such designation or assignment.

Appears in 2 contracts

Samples: Credit Agreement (Mdu Resources Group Inc), Assignment Agreement (Mdu Resources Group Inc)

Mitigation Obligations; Replacement of Banks. (a) If any Bank requests compensation under Section 8.38.03, or if the Borrower Company is required to pay any additional amount to any Bank or any Governmental Authority for the account of any Bank pursuant to Section 8.48.04, then such Bank shall use reasonable efforts to will designate a different lending office Applicable Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or Affiliatesaffiliates, if, in the judgment of such Bank, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 8.3 8.03 or 8.4Section 8.04, as the case may be, in the future and (ii) would not subject such Bank to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Bank. The Borrower Company hereby agrees to pay all reasonable costs and expenses incurred by any Bank in connection with any such designation or assignment.

Appears in 2 contracts

Samples: Credit Agreement (Rockwell Collins Inc), Day Credit Agreement (Rockwell Collins Inc)

Mitigation Obligations; Replacement of Banks. (a) If any Bank requests compensation under Section 8.32.12 or 2.18, or if the Borrower Company is required to pay any additional amount to any Bank or any Governmental Authority for the account of any Bank pursuant to Section 8.42.12 or 2.18, then such Bank shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or Affiliatesaffiliates, if, in the judgment of such Bank, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 8.3 2.12 or 8.4, as the case may be, 2.18 in the future and (ii) would not subject such Bank to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Bank. The Borrower Company hereby agrees to pay all reasonable costs and expenses incurred by any Bank in connection with any such designation or assignment.

Appears in 2 contracts

Samples: Revolving Credit Facility Agreement (Southwest Airlines Co), Credit Agreement (Southwest Airlines Co)

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Mitigation Obligations; Replacement of Banks. (a) If any Bank requests compensation under Section 8.38.03, or if the Borrower Company is required to pay any additional amount to any Bank or any Governmental Authority governmental body, agency or official for the account of any Bank pursuant to Section 8.48.05, then such Bank shall use reasonable efforts to designate a different lending office Applicable Lending Office for funding or booking its Loans and/or other Credit Exposure hereunder or to assign its rights and obligations hereunder to another of its offices, branches or Affiliatesaffiliates, if, in the judgment of such BankBank (with the concurrence of the Company), such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 8.3 8.03 or 8.48.05, as the case may be, in the future and (ii) would not subject such Bank to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Bank. The Borrower Company hereby agrees to pay all reasonable costs and expenses incurred by any Bank in connection with any such designation or assignment.. 4868-9081-7618 v.9

Appears in 1 contract

Samples: Revolving Credit Agreement (Equitable Holdings, Inc.)

Mitigation Obligations; Replacement of Banks. (a) If any Bank Bank, including any Issuing Bank, requests compensation under Section 8.3‎Section 8.03, or if the Borrower Company is required to pay any additional amount to any Bank Bank, including any Issuing Bank, or any Governmental Authority for the account of any Bank Bank, including any Issuing Bank, pursuant to Section 8.4‎Section 8.04, then such Bank shall use reasonable efforts to will designate a different lending office Applicable Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or Affiliatesaffiliates, if, in the judgment of such Bank, such designation or assignment (i3) would eliminate or reduce amounts payable pursuant to Section 8.3 ‎Section 8.03 or 8.4‎Section 8.04, as the case may be, in the future and (ii4) would not subject such Bank to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Bank. The Borrower Company hereby agrees to pay all reasonable costs and expenses incurred by any Bank in connection with any such designation or assignment.

Appears in 1 contract

Samples: Credit Agreement (Rockwell Collins Inc)

Mitigation Obligations; Replacement of Banks. (a) If any Bank requests compensation under Section 8.31.28 or Section 1.29, or if the requires any Borrower is required to pay any Taxes or additional amount amounts to any Bank or any Governmental Authority for the account of any Bank pursuant to Section 8.41.32, then such Bank shall use reasonable efforts to designate a different lending office Lending Installation for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or Affiliates, if, in the reasonable judgment of such Bank, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 8.3 1.28, Section 1.29, or 8.4Section 1.32, as the case may be, in the future and (ii) would not subject such Bank to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Bank. The Borrower Borrowers hereby agrees agree to pay all reasonable costs and expenses incurred by any Bank in connection with any such designation or assignment.

Appears in 1 contract

Samples: Loan Agreement (OVERSTOCK.COM, Inc)

Mitigation Obligations; Replacement of Banks. (a) Mitigation Obligations. If any Bank requests compensation under Section 8.33.01 or 3.02, or if requires the Borrower is required Company to pay any Indemnified Taxes or additional amount amounts to any Bank or any Governmental Authority for the account of any Bank pursuant to Section 8.43.06, then such Bank shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or Affiliatesaffiliates, if, in the judgment of such Bank, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 8.3 3.01, 3.02 or 8.43.06, as the case may be, in the future future, and (ii) would not subject such Bank to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Bank. The Borrower Company hereby 709152408 03173762 agrees to pay all reasonable costs and expenses incurred by any Bank in connection with any such designation or assignment.

Appears in 1 contract

Samples: Credit Agreement (Mdu Resources Group Inc)

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