Common use of Mitigation of Circumstances Clause in Contracts

Mitigation of Circumstances. Bank shall promptly notify the Borrower of any event of which it has knowledge which will result in, and will use reasonable commercial efforts available to it (and not, in Bank’s sole judgment, otherwise disadvantageous to Bank) to mitigate or avoid, (i) any obligation by the Borrower to pay any amount pursuant to Sections 2(e)(1) or (ii) the occurrence of any circumstances described in Sections 2(e)(2) or 2(e)(3) (and, if Bank has given notice of any such event described in clause (i) or (ii) above and thereafter such event ceases to exist, Bank shall promptly so notify the Borrower). Without limiting the foregoing, Bank will designate a different funding office if such designation will avoid (or reduce the cost to the Borrower of) any event described in clause (i) or (ii) above and such designation will not, in Bank’s sole judgment, be otherwise materially disadvantageous to Bank.

Mitigation of Circumstances. Each Bank shall promptly notify the Borrower Company and the Agent of any event of which it has knowledge which will result in, and will use reasonable commercial efforts available to it (and not, in such Bank’s sole 's good faith judgment, otherwise disadvantageous to such Bank) to mitigate or avoid, (i) any obligation by the Borrower Company to pay any amount pursuant to Sections 2(e)(1Section 7.3(a) or (ii) the occurrence of any circumstances of the nature described in Sections 2(e)(2Section 7.3(b) or 2(e)(37.3(c) (and, if any Bank has given notice of any such event described in clause (i) or (ii) above and thereafter such event ceases to exist, such Bank shall promptly so notify the BorrowerCompany and the Agent). Without limiting the foregoing, each Bank will designate a different funding office if such designation will avoid (or reduce the cost to the Borrower Company of) any event described in clause (i) or (ii) above of the preceding sentence and such designation will not, in such Bank’s 's sole judgment, be otherwise materially disadvantageous to such Bank.

Mitigation of Circumstances. The Bank shall promptly notify the Borrower Company of any event of which it has knowledge which will result in, and will use reasonable commercial efforts available to it (and not, in the Bank’s sole judgment, otherwise be disadvantageous to the Bank) to mitigate or avoid, (i) any obligation by the Borrower Company to pay any amount pursuant to Sections 2(e)(1) Section 7.5 or 8.1 or (ii) the occurrence of any circumstances described in Sections 2(e)(2) Section 8.2 or 2(e)(3) 8.3 (and, if the Bank has given notice of any such event described in clause (i) or (ii) above and thereafter such event ceases to exist, the Bank shall promptly so notify the BorrowerCompany). Without limiting the foregoing, the Bank will designate a different funding office if such designation will avoid (or reduce the cost to the Borrower Company of) any event described in clause (i) or (ii) above of the preceding sentence and such designation will not, in the Bank’s sole judgment, be otherwise materially disadvantageous to the Bank.

Mitigation of Circumstances. Each Bank shall promptly notify the Borrower Company and the Administrative Agent of any event of which it has knowledge which will result in, and will use reasonable commercial efforts available to it (and not, in such Bank’s sole 's good faith judgment, otherwise disadvantageous to such Bank) to mitigate or avoid, (i) any obligation by the Borrower Company to pay any amount pursuant to Sections 2(e)(1Section 8.3(a) or (ii) the occurrence of any circumstances of the nature described in Sections 2(e)(2Section 8.3(b) or 2(e)(38.3(c) (and, if any Bank has given notice of any such event described in clause (i) or (ii) above and thereafter such event ceases to exist, such Bank shall promptly so notify the BorrowerCompany and the Administrative Agent). Without limiting the foregoing, each Bank will designate a different funding office if such designation will avoid (or reduce the cost to the Borrower Company of) any event described in clause (i) or (ii) above of the preceding sentence and such designation will not, in such Bank’s 's sole judgment, be otherwise materially disadvantageous to such Bank.

Mitigation of Circumstances. (a) The Bank shall promptly notify the Borrower --------------------------- Company of any event of which it has knowledge which will result in, and will use reasonable commercial efforts available to it (and not, in the Bank’s 's sole judgment, otherwise disadvantageous to the Bank) to mitigate or avoid, (i) any obligation by the Borrower Company to pay any amount pursuant to Sections 2(e)(1) Section 7.5 or 8.1 or ----------- --- (ii) the occurrence of any circumstances described in Sections 2(e)(2) Section 8.2 or 2(e)(3) 8.3 (and, ----------- --- if the Bank has given notice of any such event described in clause (i) or (ii) ---------- ---- above and thereafter such event ceases to exist, the Bank shall promptly so notify the BorrowerCompany). Without limiting the foregoing, the Bank will designate a different funding office if such designation will avoid (or reduce the cost to the Borrower Company of) any event described in clause (i) or (ii) above of the preceding ---------- ---- sentence and such designation will not, in the Bank’s 's sole judgment, be otherwise materially disadvantageous to the Bank.