Common use of Reserves on LIBOR Loans Clause in Contracts

Reserves on LIBOR Loans. The Borrower shall pay to each Lender in the event that and as long as such Lender shall be required under regulations of the Federal Reserve Board to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as "Eurocurrency liabilities"), and any additional costs on the unpaid principal amount of each LIBOR Loan equal to the actual costs of such reserves (other than reserves taken into account in determining the LIBOR Rate) allocated to such Loan by such Lender (as reasonably determined by such Lender in good faith, which determination shall be conclusive), payable on each date on which interest is payable on such Loan, provided the Borrower shall have received at least 15 days' prior written notice (with a copy to the Agent) of such additional interest from such Lender. If a Lender fails to give notice 15 days prior to the relevant interest payment date, such additional interest shall be payable 15 days from receipt of such notice.

Reserves on LIBOR Loans. The Borrower Borrowers shall pay to each Lender in the event that and Lender, as long as such Lender shall be required under regulations of the Federal Reserve Board to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as "“Eurocurrency liabilities"” in Regulation D of the Federal Reserve Board), and any additional costs on the unpaid principal amount of each LIBOR Loan equal to the actual costs of such reserves (other than reserves taken into account in determining the LIBOR Rate) allocated to such Loan by such Lender (as reasonably determined by such Lender in good faith, which determination shall be conclusiveconclusive absent manifest error), payable on each date on which interest is payable on such Loan, Loan provided the Borrower Borrowers shall have received at least 15 fifteen (15) days' ’ prior written notice (with a copy to the Agent) of such additional interest from such the Lender. If a Lender fails to give notice 15 fifteen (15) days prior to the relevant interest payment dateInterest Payment Date, such additional interest shall be payable 15 fifteen (15) days from receipt of such notice.

Reserves on LIBOR Loans. The Without duplication of amounts calculated in accordance with the definition of “LIBOR”, the Borrower shall pay to each Lender in the event that and Lender, as long as such Lender shall be required under regulations of the Federal Reserve Board to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as "“Eurocurrency liabilities"”), and any additional costs interest on the unpaid principal amount of each LIBOR Loan equal to the actual costs of such reserves (other than reserves taken into account in determining the LIBOR Rate) allocated to such Loan by such Lender (as reasonably determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan, provided the Borrower shall have received at least 15 10 days' ’ prior written notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to give notice 15 10 days prior to the relevant interest payment dateInterest Payment Date, such additional interest shall be due and payable 15 10 days from receipt of such notice.

Reserves on LIBOR Loans. The Borrower Borrowers shall pay to each Lender in the event that and Lender, as long as such Lender shall be required under regulations of the Federal Reserve Board to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency eurocurrency funds or deposits (currently known as "“Eurocurrency liabilities"Liabilities” in Regulation D of the Federal Reserve Board), and any additional costs on the unpaid principal amount of each LIBOR Loan equal to the actual costs of such reserves (other than reserves taken into account in determining the LIBOR Rate) allocated to such Loan by such Lender (as reasonably determined by such Lender in good faith, which determination shall be conclusiveconclusive absent manifest error), payable on each date on which interest is payable on such Loan, ; provided the Borrower Borrowers shall have received at least 15 fifteen (15) days' ’ prior written notice (with a copy to the Agent) of such additional interest from such the Lender. If a Lender fails to give notice 15 fifteen (15) days prior to the relevant interest payment dateInterest Payment Date, such additional interest shall be payable 15 fifteen (15) days from receipt of such notice.