Tax Efficient Structuring Clause Samples

Tax Efficient Structuring. Each Lender, in its sole and absolute discretion, shall use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions) to mitigate or remove the imposition of Taxes as may be achievable by means of the transfer of its rights and obligations under this Agreement to another lending office or otherwise as may be agreed by each of the Lenders in each Lender’s sole and absolute discretion; provided, however, that no Lender shall take any action in connection with the foregoing that has the effect of increasing any of Borrower’s costs in connection with the Loan, other than to a de minimis extent. For the avoidance of doubt, no Lender shall be under any obligation to agree to or to enter into any such transfer, or to agree to or take any other action pursuant to this Section 18.27, except as such Lender may choose in its sole and absolute discretion.