Common use of RECOVERY OF ADDITIONAL COSTS Clause in Contracts

RECOVERY OF ADDITIONAL COSTS. If the imposition of or any change in any law, rule, regulation or guideline, or the interpretation or application of any thereof by any court or administrative or Governmental Authority (including any request or policy not having the force of law) shall impose, modify or make applicable any taxes (except federal, state or local income or franchise taxes imposed on Bank), reserve requirements, capital adequacy requirements or other obligations which would (a) increase the cost to Bank for extending or maintaining the credit facilities to which this Agreement relates; (b) reduce the amounts payable to Bank under this Agreement or the Related Documents; or (c) reduce the rate of return on Bank’s capital as a consequence of Bank’s obligations with respect to the credit facilities to which this Agreement relates, then Borrowers agre to pay Bank such additional amounts as will compensate Bank therefor, within five days after Bank’s written demand for such payment, which demand shall be accompanied by an explanation of such imposition or charge and a calculation in reasonable detail of the additional amounts payable by Borrowers, which explanation and calculations shall be conclusive in the absence of manifest error.

RECOVERY OF ADDITIONAL COSTS. If the imposition of or any change in any law, rule, regulation regulation, or guideline, or the interpretation or application of any thereof by any court or administrative or Governmental Authority governmental authority (including any request or policy not having the force of law) shall impose, modify modify, or make applicable any taxes (except federal, state state, or local income or franchise taxes imposed on the Bank), reserve requirements, capital adequacy requirements requirements, or other obligations which would (a1) increase the cost to the Bank for extending or maintaining the credit facilities to which this Agreement relatesCredit Facilities; (b2) reduce the amounts payable to the Bank under this Agreement or the Related DocumentsCredit Facilities; or (c3) reduce the rate of return on the Bank’s capital as a consequence of the Bank’s obligations with respect to the credit facilities to which this Agreement relatesCredit Facilities, then Borrowers agre the Borrower agrees to pay the Bank such additional amounts as will compensate the Bank therefortherefore, within five (5) days after the Bank’s written demand for such payment, which . The Bank’s demand shall be accompanied by an explanation of such imposition or charge and a calculation in reasonable detail of the additional amounts payable by Borrowers, the Borrower which explanation and calculations shall be conclusive in the absence of manifest error.

RECOVERY OF ADDITIONAL COSTS. If the imposition of or any change in any law, rule, regulation regulation, or guideline, or the interpretation or application of any thereof by any court or administrative or Governmental Authority governmental authority (including any request or policy not having the force of law) shall impose, modify modify, or make applicable any taxes (except federal, state state, or local income or franchise taxes imposed on the Bank), reserve requirements, capital adequacy requirements requirements, or other obligations which would (a1) increase the cost to the Bank for extending or maintaining the credit facilities to which this Agreement relatesCredit Facilities; (b2) reduce the amounts payable to the Bank under this Agreement or the Related DocumentsCredit Facilities; or (c3) reduce the rate of return on the Bank’s 's capital as a consequence of the Bank’s 's obligations with respect to the credit facilities to which this Agreement relatesCredit Facilities, then Borrowers agre the Borrower agrees to pay the Bank such additional amounts as will compensate the Bank therefor, within five (5) days after the Bank’s 's written demand for such payment, which . The Bank's demand shall be accompanied by an explanation of such imposition or charge and a calculation in reasonable detail of the additional amounts payable by Borrowers, the Borrower which explanation and calculations shall be conclusive in the absence of manifest error.

RECOVERY OF ADDITIONAL COSTS. If the imposition of or any change in any law, rule, regulation or guideline, or the interpretation or application of any thereof by any court or administrative or Governmental Authority governmental authority (including any request or policy not having the force of law) shall impose, modify or make applicable any taxes (except federal, state or local income or franchise taxes imposed on Bankthe Lender), reserve requirements, capital adequacy requirements or other obligations which would (a) increase the cost to Bank the Lender for extending or maintaining the credit facilities to which this Agreement relates; , (b) reduce the amounts payable to Bank the Lender under this Agreement or the Related Documents; Agreement, or (c) reduce the rate of return on Bankthe Lender’s capital as a consequence of Bankthe Lender’s obligations with respect to the credit facilities to which this Agreement relates, then Borrowers agre the Borrower agrees to pay Bank the Lender such additional amounts as will compensate Bank thereforthe Lender therefore, within five (5) days after Bankthe Lender’s written demand for such payment, which demand shall be accompanied by an explanation of such imposition or charge and a calculation in reasonable detail of the additional amounts payable by Borrowersthe Borrower, which explanation and calculations shall be conclusive in the absence of manifest error.

RECOVERY OF ADDITIONAL COSTS. If the imposition of or any change in any law, rule, regulation regulation, or guideline, or the interpretation or application of any thereof by any court or administrative or Governmental Authority governmental authority (including any request or policy not having the force of law) shall impose, modify modify, or make applicable any taxes (except federal, state state, or local income or franchise taxes imposed on the Bank), reserve requirements, capital adequacy requirements requirements, or other obligations which would (a1) increase the cost to the Bank for extending or maintaining the credit facilities to which this Agreement relatesCredit Facilities; (b2) reduce the amounts payable to the Bank under this Agreement or the Related DocumentsCredit Facilities; or (c3) reduce the rate of return on the Bank’s capital as a consequence of the Bank’s obligations with respect to the credit facilities to which this Agreement relatesCredit Facilities, then Borrowers agre the Borrower agrees to pay the Bank such additional amounts as will compensate the Bank therefor, within five (5) days after the Bank’s written demand for such payment, which . The Bank’s demand shall be accompanied by an explanation of such imposition or charge and a calculation in reasonable detail of the additional amounts payable by Borrowers, the Borrower which explanation and calculations shall be conclusive in the absence of manifest error.

RECOVERY OF ADDITIONAL COSTS. If the imposition of or any change in any law, rule, regulation regulation, or guideline, or the interpretation or application of any thereof by any court or administrative or Governmental Authority governmental authority (including any request or policy not having the force of law) shall impose, modify modify, or make applicable any taxes (except federal, state state, or local income or franchise taxes imposed on the Bank), reserve requirements, capital adequacy requirements requirements, or other obligations which would (a1) increase the cost to the Bank for extending or maintaining the credit facilities to which this Agreement relatesCredit Facilities; (b2) reduce the amounts payable to the Bank under this Agreement or the Related DocumentsCredit Facilities; or (c3) reduce the rate of return on the Bank’s 's capital as a consequence of the Bank’s 's obligations with respect to the credit facilities to which this Agreement relatesCredit Facilities, then Borrowers agre the Borrower agrees to pay the Bank such additional amounts as will compensate the Bank therefor, within five (5) days after the Bank’s 's written demand for such payment, which . The Bank's demand shall be accompanied by an explanation of such imposition or charge and a calculation in reasonable detail of the additional amounts payable by Borrowers, the the which explanation and calculations shall be conclusive in the absence of manifest error.

RECOVERY OF ADDITIONAL COSTS. If the imposition of or any change in any law, rule, regulation regulation, or guideline, or the interpretation or application of any thereof by any court or administrative or Governmental Authority governmental authority (including any request or policy not having the force of law) shall impose, modify modify, or make applicable any taxes (except federal, state state, or local income or franchise taxes imposed on Bank), reserve requirements, capital adequacy requirements requirements, or other obligations which would (aA) increase the cost to Bank for extending or maintaining the credit facilities to which this Agreement relates; Credit Facilities, (bB) reduce the amounts payable to Bank under this Agreement or the Related Documents; Credit Facilities, or (cC) reduce the rate of return on Bank’s 's capital as a consequence of Bank’s 's obligations with respect to the credit facilities to which this Agreement relatesCredit Facilities, then Borrowers agre Borrower agrees to pay Bank such additional amounts as will compensate Bank therefor, within five (5) days after Bank’s 's written demand for such payment, which . The Bank's demand shall be accompanied by an explanation of such imposition or charge and a calculation in reasonable detail of the additional amounts payable by BorrowersBorrower, which explanation and calculations shall be conclusive in the absence of manifest error.