Regulatory Changes. If any Lender shall determine that (a) any change in any Legal Requirement (including any new Legal Requirement) after the date hereof shall directly or indirectly (i) reduce the amount of any sum received or receivable by such Lender with respect to the Loan or the Letters of Credit or the return to be earned by such Lender on the Loan or the Letters of Credit, (ii) impose a cost on such Lender or any Affiliate of such Lender that is attributable to the making or maintaining of, or such Lender’s commitment to make, its portion of the Loan or the Letters of Credit, or (iii) require such Lender or any Affiliate of such Lender to make any payment on, or calculated by reference to, the gross amount of any amount received by such Lender under any Credit Document, and (b) such reduction, increased cost or payment shall not be fully compensated for by an adjustment in the Applicable Rate or the Letter of Credit fees, then, within 15 days after the receipt by the Company of a certificate from such Lender setting forth why it is claiming compensation under this Section 3.8 and computations (in reasonable detail) of the amount thereof, the Company shall pay to such Lender such additional amounts as such Lender determines will, together with any adjustment in the Applicable Rate, fully compensate for such reduction, increased cost or payment, together with interest on such amount from the 15th day after receipt of such certificate until payment in full thereof at the Overdue Rate. The determination by such Lender of the amount to be paid to it and the basis for computation thereof hereunder shall, in the absence of demonstrable error, be conclusive. In determining such amount, such Lender may use any reasonable averaging and attribution methods. The Company shall be entitled to replace any such Lender in accordance with Section 13.3.
Appears in 3 contracts
Samples: Credit Agreement (Transmontaigne Inc), Credit Agreement (Transmontaigne Inc), Credit Agreement (Transmontaigne Inc)
Regulatory Changes. If any Lender Bank shall determine that (a) any change in any Bank Legal Requirement (including any new Bank Legal Requirement) after the date hereof shall directly or indirectly (i) reduce the amount of any sum received or receivable by such Lender Bank with respect to the a Loan or the Letters of Credit or the return to be earned by such Lender Bank on the such Loan or the Letters of Credit, (ii) impose a cost on such Lender Bank or any Affiliate of such Lender Bank that is attributable to the making or maintaining of, or such Lender’s Bank's commitment to make, its portion of the such Loan or the Letters of Credit, or (iii) require such Lender Bank or any Affiliate of such Lender Bank to make any payment on, or calculated by reference to, the gross amount of any amount received by such Lender Bank under any Credit Document, and (b) such reduction, increased cost or payment shall not be fully compensated for by an adjustment in the Applicable Rate or the Letter of Credit fees, then, within 15 days after the receipt by the Company Borrower of a certificate from such Lender Bank setting forth why it is claiming compensation under this Section 3.8 and computations (in reasonable detail) of the amount thereof, the Company Borrower shall pay to such Lender Bank such additional amounts as such Lender Bank determines will, together with any adjustment in the Applicable Rate, fully compensate for such reduction, increased cost or payment, together with interest on such amount from the 15th day after receipt of such certificate until payment in full thereof at the Overdue Reimbursement Rate. The determination by such Lender Bank of the amount to be paid to it and the basis for computation thereof hereunder shall, in the absence of demonstrable manifest error, be conclusive. In determining such amount, such Lender Bank may use any reasonable averaging and attribution methods. The Company shall be entitled to replace any such Lender in accordance with Section 13.3.
Appears in 3 contracts
Samples: Credit Agreement (Energy Transfer Partners Lp), Credit Agreement (Energy Transfer Partners Lp), Credit Agreement (Heritage Propane Partners L P)
Regulatory Changes. If any Lender shall determine that (a) any change ------------------ in any Legal Requirement (including any new Legal Requirement) after the date hereof shall directly or indirectly (i) reduce the amount of any sum received or receivable by such Lender with respect to the Loan or the Letters of Credit or the return to be earned by such Lender on the Loan or the Letters of Credit, (ii) impose a cost on such Lender or any Affiliate of such Lender that is attributable to the making or maintaining of, or such Lender’s 's commitment to make, its portion of the Loan or the Letters of Credit, or (iii) require such Lender or any Affiliate of such Lender to make any payment on, or calculated by reference to, the gross amount of any amount received by such Lender under any Credit Document, and (b) such reduction, increased cost or payment shall not be fully compensated for by an adjustment in the Applicable Rate or the Letter of Credit fees, then, within 15 days after the receipt by the Company of a certificate from such Lender setting forth why it is claiming compensation under this Section 3.8 and computations (in reasonable detail) of the amount thereof, the Company shall pay to such Lender such additional amounts as such Lender determines will, together with any adjustment in the Applicable Rate, fully compensate for such reduction, increased cost or payment, together with interest on such amount from the 15th day after receipt of such certificate until payment in full thereof at the Overdue Rate. The determination by such Lender of the amount to be paid to it and the basis for computation thereof hereunder shall, in the absence of demonstrable error, be conclusive. In determining such amount, such Lender may use any reasonable averaging and attribution methods. The Company shall be entitled to replace any such Lender in accordance with Section 13.3.
Appears in 2 contracts
Samples: Credit Agreement (Transmontaigne Inc), Credit Agreement (Transmontaigne Oil Co)
Regulatory Changes. If in the determination of any Lender shall determine that (a) any change in any Legal Requirement (including any new Legal Requirement) Regulatory Change Enacted after the date hereof Agreement Date shall directly or indirectly (i) reduce the amount of any sum received or receivable by such Lender with respect to the any Term Loan or the Letters of Credit or the return to be earned by such Lender on the Loan or the Letters of Creditany Term Loan, (ii) impose a cost on such Lender or any Affiliate of such Lender that is attributable to the making making, funding or maintaining of, or such Lender’s 's commitment to make, its portion of the Loan or the Letters of Creditany Term Loan, or (iii) require such Lender or any Affiliate of such Lender to make any payment on, on or calculated by reference to, to the gross amount of any amount received by such Lender under any Credit DocumentLoan Document or (iv) reduce, or have the effect of reducing, the rate of return on any capital of such Lender or any Affiliate of such Lender that such Lender or such Affiliate is required to maintain on account of any Term Loan or such Lender's commitment to make any Term Loan and (b) such reduction, increased cost or payment shall not be fully compensated for by an adjustment in the Applicable Rate or applicable rates of interest payable under the Letter of Credit feesLoan Documents, then, within 15 days after then the receipt by the Company of a certificate from such Lender setting forth why it is claiming compensation under this Section 3.8 and computations (in reasonable detail) of the amount thereof, the Company Borrower shall pay to the Agent for the account of such Lender such additional amounts as such Lender determines will, together with any adjustment in the Applicable Rateapplicable rates of interest payable hereunder, fully compensate for such reduction, increased cost or payment. Such additional amounts shall be payable, together with interest on such amount from in the 15th day case of those applicable to prior periods, within 15 days after receipt of such certificate until payment in full thereof at the Overdue Rate. The determination request by such Lender of the amount to be paid to it and the basis for computation thereof hereunder shallsuch payment and, in the absence case of demonstrable errorthose applicable to future periods, be conclusive. In determining such amounton the dates specified, such Lender may use any reasonable averaging and attribution methods. The Company shall be entitled to replace any such Lender or determined in accordance with Section 13.3a method specified, by such Lender.
Appears in 2 contracts
Samples: Secured Credit Agreement (Frontier Airlines Inc /Co/), Secured Credit Agreement (Frontier Airlines Inc /Co/)
Regulatory Changes. If any Lender Bank shall determine that (a) any change in any Bank Legal Requirement (including any new Bank Legal Requirement) after the date hereof shall directly or indirectly (i) reduce the amount of any sum received or receivable by such Lender Bank with respect to the a Loan or the Letters of Credit or the return to be earned by such Lender Bank on the such Loan or the Letters of Credit, (ii) impose a cost on such Lender Bank or any Affiliate of such Lender Bank that is attributable to the making or maintaining of, or such Lender’s Bank's commitment to make, its portion of the such Loan or the Letters of Credit, or (iii) require such Lender Bank or any Affiliate of such Lender Bank to make any payment on, or calculated by reference to, the gross amount of any amount received by such Lender Bank under any Credit Document, and (b) such reduction, increased cost or payment shall not be fully compensated for by an adjustment in the Applicable Rate or the Letter of Credit fees, then, within 15 days after the receipt by the Company Borrower of a certificate from such Lender Bank setting forth why it is claiming compensation under this Section 3.8 and computations (in reasonable detail) of the amount thereof, the Company Borrower shall pay to such Lender Bank such additional amounts as such Lender Bank determines will, together with any adjustment in the Applicable Rate, fully compensate for such reduction, increased cost or payment, together with interest on such amount from the 15th day after receipt of such certificate until payment in full thereof at the Overdue Reimbursement Rate. The determination by such Lender Bank of the amount to be paid to it and the basis for computation thereof hereunder shall, in the absence of demonstrable error, be conclusive. In determining such amount, such Lender may use any reasonable averaging and attribution methods. The Company shall be entitled to replace any such Lender in accordance with Section 13.3.of
Appears in 1 contract
Regulatory Changes. If any Lender shall determine have determined that (a) any change in any Legal Requirement (including any new Legal Requirement) after the date hereof shall directly or indirectly (i) reduce the amount of any sum received or receivable by such Lender with respect to the Loan or the Letters of Credit or the return to be earned by such Lender on the Loan or the Letters of CreditLoan, (ii) impose a cost on such Lender or any Affiliate of such Lender that is attributable to the making or maintaining of, or such Lender’s 's commitment to make, its portion of the Loan or the Letters of CreditLoan, or (iii) require such Lender or any Affiliate of such Lender to make any payment on, on or calculated by reference to, to the gross amount of any amount received by such Lender under any Credit Document, or (iv) reduce, or have the effect of reducing, the rate of return on any capital of such Lender or any Affiliate of such Lender that such Lender or such Affiliate is required to maintain on account of the Loan or such Lender's Commitment and (b) such reduction, increased cost or payment shall not be fully compensated for by an adjustment in the Applicable Rate or Rate, then the Letter of Credit fees, then, within 15 days after the receipt by the Company of a certificate from such Lender setting forth why it is claiming compensation under this Section 3.8 Borrowers jointly and computations (in reasonable detail) of the amount thereof, the Company severally shall pay to such Lender (without duplication of payments to other Lenders) such additional amounts as such Lender determines will, together with any adjustment in the Applicable Rate, fully compensate for such reduction, increased cost or payment, together with interest on each such amount from 15 Banking Days after the 15th day after receipt of such certificate date demanded until payment in full thereof at the Overdue then highest Applicable Rate. The determination by A certificate of an officer of such Lender of setting forth in reasonable detail the amount to be paid to it and the basis for computation thereof hereunder shall, in the absence of demonstrable manifest error, be conclusive. In determining such amount, such Lender may use any reasonable averaging and attribution methods. The Company shall be entitled to replace any such Lender in accordance with Section 13.3.
Appears in 1 contract
Regulatory Changes. If any Lender shall determine that (a) any change in any Legal Requirement (including any new Legal Requirement) after the date hereof shall directly or indirectly (i) reduce the amount of any sum received or receivable by such Lender with respect to the Loan or the Letters of Credit or the return to be earned by such Lender on the Loan or the Letters of Credit, (ii) impose a cost on such Lender or any Affiliate of such Lender that is attributable to the making or maintaining of, or such Lender’s 's commitment to make, its portion of the Loan or the Letters of Credit, or (iii) require such Lender or any Affiliate of such Lender to make any payment on, or calculated by reference to, the gross amount of any amount received by such Lender under any Credit Document, and (b) such reduction, increased cost or payment shall not be fully compensated for by an adjustment in the Applicable Rate or the Letter of Credit fees, then, within 15 days after the receipt by the Company of a certificate from such Lender setting forth why it is claiming compensation under this Section 3.8 and computations (in reasonable detail) of the amount thereof, the Company shall pay to such Lender such additional amounts as such Lender determines will, together with any adjustment in the Applicable Rate, fully compensate for such reduction, increased cost or payment, together with interest on such amount from the 15th day after receipt of such certificate until payment in full thereof at the Overdue Rate. The determination by such Lender of the amount to be paid to it and the basis for computation thereof hereunder shall, in the absence of demonstrable error, be conclusive. In determining such amount, such Lender may use any reasonable averaging and attribution methods. The Company shall be entitled to replace any such Lender in accordance with Section 13.3.
Appears in 1 contract
Regulatory Changes. If in the reasonable determination of ------------------ any Lender shall determine that Bank, (a) any change in any Legal Requirement (including any new Legal Requirement) Regulatory Change Enacted after the date hereof Agreement Date shall directly or indirectly (i) reduce the amount of any sum received or receivable by such Lender Bank with respect to the Loan or the Letters of Credit or the return to be earned by such Lender on the Loan or the Letters of Creditany Loan, (ii) impose a cost on such Lender Bank or any Affiliate of such Lender Bank that is attributable to the making making, funding or maintaining of, or such Lender’s Bank's commitment to makemake or acquire, its portion of the Loan any Loan, including any reserve requirement, whether under Regulation D or the Letters of Creditotherwise, or (iii) require such Lender Bank or any Affiliate of such Lender Bank to make any payment on, on or calculated by reference to, to the gross amount of any amount received by such Lender Bank under any Credit DocumentLoan Document in respect of its Loans or its obligations to make Loans or (iv) reduce, or have the effect of reducing, the rate of return on any capital of such Bank or any Affiliate of such Bank that such Bank or such Affiliate is required to maintain on account of any Loan or such Bank's commitment to make or acquire any Loan and (b) such reduction, increased cost or payment shall not be fully compensated for by an adjustment in result from a Tax to which Section 1.13 is applicable, then the Applicable Rate or the Letter of Credit fees, then, within 15 days after the receipt by the Company of a certificate from such Lender setting forth why it is claiming compensation under this Section 3.8 and computations (in reasonable detail) of the amount thereof, the Company applicable Borrower shall pay to such Lender Bank such additional amounts as such Lender Bank reasonably determines will, together with any adjustment in the Applicable Rateapplicable rates of interest payable hereunder, fully compensate for such reduction, increased cost or payment, together with interest on such amount from the 15th day after receipt of such certificate until payment in full thereof at the Overdue Rate. The determination by such Lender of the amount to Such additional amounts shall be paid to it and the basis for computation thereof hereunder shallpayable, in the absence case of demonstrable errorthose applicable to prior periods, be conclusive. In determining within 15 days after request by such amountBank for such payment and, such Lender may use any reasonable averaging and attribution methods. The Company shall be entitled in the case of those applicable to replace any such Lender future periods, on the dates specified, or determined in accordance with Section 13.3a method specified, by such Bank. Each Bank will promptly notify the applicable Borrower of any determination made by it referred to in clauses (a) and (b) above, but the failure to give such notice shall not affect such Bank's right to compensation; provided, however, that the applicable Borrower shall not be required to pay -------- ------- such additional amounts in respect of any Regulatory Change for any period ending prior to the date that is 90 days prior to the giving of the notice of the determination of such additional amounts (unless such period shall have commenced after the date that such Bank notified the applicable Borrower of the possibility that additional amounts may be payable as a result of such Regulatory Change), except, if such Regulatory Change shall have been imposed retroactively, for the period from the effective date of such Regulatory Change to the date that is 90 days after the first date on which such Bank reasonably should have had knowledge of such Regulatory Change.
Appears in 1 contract
Regulatory Changes. If in the determination of any Lender shall determine that Bank (a) any change in any Legal Requirement (including any new Legal Requirement) after the date hereof Regulatory Change shall directly or indirectly (i) reduce the amount of any sum received or receivable by such Lender Bank with respect to the any Loan or the Letters of Credit or the return to be earned by such Lender Bank on the Loan or the Letters of Creditany Loan, (ii) impose a cost on such Lender Bank or any Affiliate of such Lender Bank that is attributable to the making or maintaining of, or such Lender’s Bank's commitment to make, its portion of the Loan or the Letters of Creditany Loan, or (iii) require such Lender Bank or any Affiliate of such Lender Bank to make any payment on, on or calculated by reference to, to the gross amount of any amount received by such Lender Bank under any Credit DocumentLoan Document or (iv) reduce, or have the effect of reducing, the rate of return on any capital of such Bank or any Affiliate of such Bank that such Bank or such Affiliate is required to maintain on account of any Loan or such Bank's commitment to make any Loan and (b) such reduction, increased cost or payment shall not be fully compensated for by an adjustment in the Applicable Rate or applicable rates of interest payable under the Letter of Credit feesLoan Documents, then, within 15 days after then the receipt by the Company of a certificate from such Lender setting forth why it is claiming compensation under this Section 3.8 and computations (in reasonable detail) of the amount thereof, the Company Borrower shall pay to such Lender Bank such additional amounts as such Lender Bank determines will, together with any adjustment in the Applicable Rateapplicable rates of interest payable hereunder, fully compensate for such reduction, increased cost or payment, together with interest on such amount from the 15th day after receipt of such certificate until payment in full thereof at the Overdue Rate. The determination by such Lender of the amount to Such additional amounts shall be paid to it and the basis for computation thereof hereunder shallpayable, in the absence case of demonstrable errorthose applicable to prior periods, be conclusive. In determining within 15 Business Days after request by such amountBank for such payment accompanied by the certificate described in Section 7.05 and, such Lender may use any reasonable averaging and attribution methods. The Company shall be entitled in the case of those applicable to replace any such Lender future periods, on the dates specified, or determined in accordance with Section 13.3a method specified, by such Bank. Each Bank will promptly notify the Borrower of any determination made by it referred to in clauses (a) and (b) above, but the failure to give such notice shall not affect such Bank's right to such compensation; provided, however, that the Borrower shall not be required to pay such additional amounts in respect of any Regulatory Change for any period ending prior to the date that is 90 days prior to the giving of the notice of the determination of such additional amounts (unless such period shall have commenced after the date that such Bank notified the Borrower of the possibility that additional amounts may be payable as a result of such Regulatory Change), except, if such Regulatory Change shall have been imposed retroactively, for the period from the effective date of such Regulatory Change to the date that is 90 days after the first date on which such Bank reasonably should have had knowledge of such Regulatory Change.
Appears in 1 contract
Regulatory Changes. If in the determination of any Lender shall determine that Bank (a) any change Regulatory Change Enacted after, in any Legal Requirement the case of Fixed Rate Loans (including any new Legal Requirement) after other than CA Loans), the date hereof Agreement Date or, in the case of a CA Loan, the time such Bank shall have submitted its CA Loan Offer to make such CA Loan, shall directly or indirectly (i) reduce the amount of any sum received or receivable by such Lender Bank with respect to the such Loan or the Letters of Credit or the return to be earned by such Lender Bank on the Loan or the Letters of Creditsuch Loan, (ii) impose a cost on such Lender Bank or any Affiliate of such Lender Bank that is attributable to the making or maintaining of, or such Lender’s Bank's commitment to make, its portion of the Loan or the Letters of Creditsuch Loan, or (iii) require such Lender Bank or any Affiliate of such Lender Bank to make any payment on, on or calculated by reference to, to the gross amount of any amount received by such Lender Bank under this Agreement or its Note or any Letter of Credit Documentor (iv) reduce, or have the effect of reducing, the rate of return on any capital of such Bank or any Affiliate of such Bank that such Bank or such Affiliate is required to maintain on account of such Loan or such Bank's Commitment to make such Loan and (b) such reduction, increased cost or payment shall not be fully compensated for by an adjustment in the Applicable Rate applicable rates of interest payable under this Agreement or the its Note or any Letter of Credit feesCredit, then, within 15 days after the receipt by the Company of a certificate from such Lender setting forth why it is claiming compensation under this Section 3.8 and computations (in reasonable detail) of the amount thereof, then the Company shall pay to such Lender Bank such additional amounts as such Lender Bank determines will, together with any adjustment in the Applicable Rateapplicable rates of interest payable hereunder, fully compensate for such reduction, increased cost or payment, together with interest on such amount from the 15th day after receipt of such certificate until payment in full thereof at the Overdue Rate. The determination by such Lender of the amount to Such additional amounts shall be paid to it and the basis for computation thereof hereunder shallpayable, in the absence case of demonstrable errorthose applicable to prior periods, be conclusive. In determining within 15 days after request by such amountBank for such payment and, such Lender may use any reasonable averaging and attribution methods. The Company shall be entitled in the case of those applicable to replace any such Lender future periods, on the dates specified, or determined in accordance with a method specified, by such Bank. Each Bank will promptly notify the applicable Borrower of any Regulatory Change that will entitle such Bank to compensation pursuant to this Section 13.314.02, but the failure to give such notice shall not affect such Bank's right to compensation.
Appears in 1 contract
Samples: Credit Agreement (Owens Corning)
Regulatory Changes. If any Lender Bank shall determine that (a) any change in any Bank Legal Requirement (including any new Bank Legal Requirement) after the date hereof shall directly or indirectly (i) reduce the amount of any sum received or receivable by such Lender Bank with respect to the a Loan or the Letters of Credit or the return to be earned by such Lender Bank on the such Loan or the Letters of Credit, (ii) impose a cost on such Lender Bank or any Affiliate of such Lender Bank that is attributable to the making or maintaining of, or such LenderBank’s commitment to make, its portion of the such Loan or the Letters of Credit, or (iii) require such Lender Bank or any Affiliate of such Lender Bank to make any payment on, or calculated by reference to, the gross amount of any amount received by such Lender Bank under any Credit Document, and (b) such reduction, increased cost or payment shall not be fully compensated for by an adjustment in the Applicable Rate or the Letter of Credit fees, then, within 15 days after the receipt by the Company Borrower of a certificate from such Lender Bank setting forth why it is claiming compensation under this Section 3.8 and computations (in reasonable detail) of the amount thereof, the Company Borrower shall pay to such Lender Bank such additional amounts as such Lender Bank determines will, together with any adjustment in the Applicable Rate, fully compensate for such reduction, increased cost or payment, together with interest on such amount from the 15th day after receipt of such certificate until payment in full thereof at the Overdue Reimbursement Rate. The determination by such Lender Bank of the amount to be paid to it and the basis for computation thereof hereunder shall, in the absence of demonstrable manifest error, be conclusive. In determining such amount, such Lender Bank may use any reasonable averaging and attribution methods. The Company shall be entitled to replace any such Lender in accordance with Section 13.3.
Appears in 1 contract
Regulatory Changes. If any Lender shall determine have determined that (a) any change in any Legal Requirement (including any new Legal Requirement) after the date hereof shall directly or indirectly (i) reduce the amount of any sum received or receivable by such Lender with respect to the Loan or the Letters of Credit or the return to be earned by such Lender on the Loan or the Letters of CreditLoan, (ii) impose a cost on such Lender or any Affiliate of such Lender that is attributable to the making or maintaining of, or such Lender’s 's commitment to make, its portion of the Loan or the Letters of CreditLoans, or (iii) require such Lender or any Affiliate of such Lender to make any payment on, on or calculated by reference to, to the gross amount of any amount received by such Lender under any Credit Document, or (iv) reduce, or have the effect of reducing, the rate of return on any capital of such Lender or any Affiliate of such Lender 38 38 that such Lender or such Affiliate is required to maintain on account of the Loan or such Lender's Commitment and (b) such reduction, increased cost or payment shall not be fully compensated for by an adjustment in the Applicable Rate or Rate, then the Letter of Credit fees, then, within 15 days after the receipt by the Company of a certificate from such Lender setting forth why it is claiming compensation under this Section 3.8 and computations (in reasonable detail) of the amount thereof, the Company Borrower shall pay to such Lender (without duplication of payments to other Lenders) such additional amounts as such Lender determines will, together with any adjustment in the Applicable Rate, fully compensate for such reduction, increased cost or payment, together with interest on each such amount from 15 Banking Days after the 15th day after receipt of such certificate date demanded until payment in full thereof at the Overdue then highest Applicable Rate. The determination by A certificate of an officer of such Lender of setting forth in reasonable detail the amount to be paid to it and the basis for computation thereof hereunder shall, in the absence of demonstrable manifest error, be conclusive. In determining such amount, such Lender may use any reasonable averaging and attribution methods. The Company shall be entitled to replace any such Lender in accordance with Section 13.3.
Appears in 1 contract
Regulatory Changes. If in the reasonable determination of any Lender shall determine that Bank, (a) any change in any Legal Requirement (including any new Legal Requirement) Regulatory Change Enacted after the date hereof Restated Agreement Date shall directly or indirectly (i) reduce the amount of any sum received or receivable by such Lender Bank with respect to the Loan or the Letters of Credit or the return to be earned by such Lender on the Loan or the Letters of Creditany Loan, (ii) impose a cost on such Lender Bank or any Affiliate of such Lender Bank that is attributable to the making making, funding or maintaining of, or such Lender’s Bank's commitment to makemake or acquire, its portion of the Loan any Loan, including any reserve requirement, whether under Regulation D or the Letters of Creditotherwise, or (iii) require such Lender Bank or any Affiliate of such Lender Bank to make any payment on, on or calculated by reference to, to the gross amount of any amount received by such Lender Bank under any Credit DocumentLoan Document in respect of its Loans or its obligations to make Loans or (iv) reduce, or have the effect of reducing, the rate of return on any capital of such Bank or any Affiliate of such Bank that such Bank or such Affiliate is required to maintain on account of any Loan or such Bank's commitment to make or acquire any Loan and (b) such reduction, increased cost or payment shall not be fully compensated for by an adjustment in result from a Tax to which Section 1.13 is applicable, then the Applicable Rate or the Letter of Credit fees, then, within 15 days after the receipt by the Company of a certificate from such Lender setting forth why it is claiming compensation under this Section 3.8 and computations (in reasonable detail) of the amount thereof, the Company applicable Borrower shall pay to such Lender Bank such additional amounts as such Lender Bank reasonably determines will, together with any adjustment in the Applicable Rateapplicable rates of interest payable hereunder, fully compensate for such reduction, increased cost or payment, together with interest on such amount from the 15th day after receipt of such certificate until payment in full thereof at the Overdue Rate. The determination by such Lender of the amount to Such additional amounts shall be paid to it and the basis for computation thereof hereunder shallpayable, in the absence case of demonstrable errorthose applicable to prior periods, be conclusive. In determining within 15 days after request by such amountBank for such payment and, such Lender may use any reasonable averaging and attribution methods. The Company shall be entitled in the case of those applicable to replace any such Lender future periods, on the dates specified, or determined in accordance with Section 13.3a method specified, by such Bank. Each Bank will promptly notify the applicable Borrower of any determination made by it referred to in clauses (a) and (b) above, but the failure to give such notice shall not affect such Bank's right to compensation; provided, however, that the applicable Borrower shall not be -------- ------- required to pay such additional amounts in respect of any Regulatory Change for any period ending prior to the date that is 90 days prior to the giving of the notice of the determination of such additional amounts (unless such period shall have commenced after the date that such Bank notified the applicable Borrower of the possibility that additional amounts may be payable as a result of such Regulatory Change), except, if such Regulatory Change shall have been imposed retroactively, for the period from the effective date of such Regulatory Change to the date that is 90 days after the first date on which such Bank reasonably should have had knowledge of such Regulatory Change.
Appears in 1 contract