Common use of Mitigation of Costs Clause in Contracts

Mitigation of Costs. Each Lender will use its best efforts to avoid any additional cost or reduction of income for which a Borrower is required to indemnify such Lender pursuant to Section 20.10(b). However, nothing herein will require any Lender to take any action which would cause such Lender to incur any expense which would not materially reduce any amount to be received pursuant to Section 20.10(b) or which the Lender determines in its sole judgment to be inadvisable for regulatory, competitive or internal management reasons. The Borrowers will reimburse any Lender for any expense incurred by such Lender in taking any action pursuant to this Section 20.11.

Appears in 5 contracts

Samples: Credit Agreement (Cascades Inc), Credit Agreement, Credit Agreement (Cascades Inc)

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Mitigation of Costs. Each Lender will use its best efforts to avoid any additional cost or reduction of income for which a Borrower is required to indemnify such Lender pursuant to Section 20.10(b20.11(a). However, nothing herein will require any Lender to take any action which would cause such Lender to incur any expense which would not materially reduce any amount to be received pursuant to Section 20.10(b20.11(a) or which the Lender determines in its sole judgment to be inadvisable for regulatory, competitive or internal management reasons. The Borrowers will reimburse any Lender for any expense incurred by such Lender in taking any action pursuant to this Section 20.1120.12.

Appears in 3 contracts

Samples: Credit Agreement (Cascades Boxboard Group Inc), Credit Agreement (Cascades Boxboard Group Inc), Credit Agreement (Cascades Inc)

Mitigation of Costs. Each Lender will use its best efforts to avoid any additional cost or reduction of income for which a the Borrower is required to indemnify such Lender pursuant to Section 20.10(b17.8(b). However, nothing herein will require any Lender to take any action which would cause such Lender to incur any expense which would not materially reduce any amount to be received pursuant to Section 20.10(b17.8(b) or which the Lender determines in its sole judgment to be inadvisable for regulatory, competitive or internal management reasons. The Borrowers Borrower will reimburse any Lender for any such expense incurred by such Lender in taking any action pursuant to this Section 20.1117.9.

Appears in 1 contract

Samples: Credit Agreement (Abitibi Consolidated Inc)

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Mitigation of Costs. Each Lender will use its best efforts to avoid any additional cost or reduction of income for which a Borrower is required to indemnify such Lender pursuant to Section 20.10(b20.8(b). However, nothing herein will require any Lender to take any action which would cause such Lender to incur any expense which would not materially reduce any amount to be received pursuant to Section 20.10(b20.8(b) or which the Lender determines in its sole judgment to be inadvisable for regulatory, competitive or internal management reasons. The Borrowers will reimburse any Lender for any such expense incurred by such Lender in taking any action pursuant to this Section 20.1120.9.

Appears in 1 contract

Samples: Credit Agreement (AbitibiBowater Inc.)

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