Common use of Regulatory Requirements; Additional Costs Clause in Contracts

Regulatory Requirements; Additional Costs. The Obligor shall pay to the Agent from time to time upon demand such amounts as the Agent or a Lender determines in its sole discretion is necessary to compensate the Agent or such Lender for any costs attributable to the Agent’s issuing on behalf of the Lenders or having outstanding, or any Lender’s participation in, or a Lender’s making payment under, any Letter of Credit issued at the request of the Obligor resulting from the application of any domestic or foreign law or regulation or the interpretation or administration thereof applicable to the Agent or any Lender regarding any reserve, assessment, capitalization (including the cost of maintaining capital sufficient to permit issuance of the Letters of Credit, provided the cost attributed to the Letters of Credit is determined in good faith by any reasonable method) or similar requirement whether existing at the time of issuance of any such Letter of Credit or adopted thereafter, including, without limitation, any reduction in amounts receivable hereunder as a result of any change in applicable law, treaty, regulation, policy or directive, or the imposition of any Tax or increase in any existing Tax, applicable to the transactions contemplated hereunder or the commitments of the Lenders hereunder.

Regulatory Requirements; Additional Costs. The Each Obligor shall pay to the Agent Lenders from time to time upon demand such amounts as any of the Agent or a Lender Lenders determines in its sole discretion is necessary to compensate the Agent or such Lender for any costs attributable to the Agent’s Issuing Lender's issuing on behalf of the Lenders or having outstanding, or any such Lender’s 's participation in, or a such Lender’s 's making payment under, any Letter of Credit issued at the request of the such Obligor resulting from the application of any domestic or foreign law or regulation or the interpretation or administration thereof applicable to the Agent or any such Lender regarding any reserve, assessment, capitalization (including the cost of maintaining capital sufficient to permit issuance of the Letters of Credit, provided the cost attributed to the Letters of Credit is determined in good faith by any reasonable method) or similar requirement whether existing at the time of issuance of any such Letter of Credit or adopted thereafter, including, without limitation, any reduction in amounts receivable hereunder as a result of any change in applicable law, treaty, regulation, policy or directive, or the imposition of any Tax or increase in any existing Tax, applicable to the transactions contemplated hereunder or the commitments of the Lenders hereunder.