Common use of Reserves on Loans Clause in Contracts

Reserves on Loans. The Company shall pay to each Bank, as long as such Bank shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of such Bank’s LIBOR Loans equal to the actual costs of such reserves allocated to such LIBOR Loans by such Bank (as determined by such Bank in good faith, which determination shall be conclusive, absent manifest error), payable on each date on which interest is payable on such Loans, provided the Company shall have received at least 15 days’ prior written notice (with a copy to the Administrative Agent) of such additional interest from such Bank. If a Bank 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 Loans. The Company shall pay to each BankLender, as long as such Bank Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilitiesLiabilities”), additional interest on the unpaid principal amount of the Loan of such Bank’s LIBOR Loans Lender equal to the actual costs of such reserves allocated to such LIBOR Loans the Loan by such Bank Lender (as determined by such Bank Lender in good faith, which determination shall be conclusive, absent manifest error), payable on each date on which interest is payable on such the Loans, provided that the Company shall have received at least 15 fifteen (15) days’ prior written notice (with a copy to the Administrative Agent) of such additional interest from such BankLender. If a Bank Lender fails to give notice 15 fifteen (15) days prior to the relevant Interest Payment Date, such additional interest shall be payable 15 fifteen (15) days from receipt of such notice.

Reserves on Loans. The Company shall pay to each Bankthe Lender, as long as such Bank the Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of such Bank’s LIBOR the Loans equal to the actual costs of such reserves allocated to such LIBOR Loans by such Bank the Lender (as determined by such Bank the Lender in good faith, which determination shall be conclusive, absent manifest error), payable on each date on which interest is payable on such Loans, provided the Company shall have received at least 15 days’ prior written notice (with a copy to the Administrative Agent) of such additional interest from such Bankthe Lender. If a Bank the 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.