Common use of Taxes, Regulatory Costs and Reserve Percentages Clause in Contracts

Taxes, Regulatory Costs and Reserve Percentages. Upon Lendex’x xxmand, Borrower shall pay to Lender, in addition to all other amounts which may be or become due and payable under this Note and the other Loan Documents, any and all Taxes and Regulatory Costs allocable to the Loan based on Lender’s reasonable good faith computation. Further, at Lender’s option, the Adjusted LIBO Rate shall be automatically adjusted by adjusting the Reserve Percentage, as determined by Lender in its prudent banking judgment, from the date of imposition (or subsequent date selected by Lendex) xx any such Regulatory Costs. Lender shall give Borrower notice of any Taxes and Regulatory Costs as soon as practicable after their occurrence, but Borrower shall be liable for all Taxes and Regulatory Costs allocable to the Loan based on Lendex’x xxasonable good faith computation regardless of whether or when notice is so given.

Taxes, Regulatory Costs and Reserve Percentages. Upon Lendex’x xxmandXxxxxx’s demand, Borrower shall pay to Lender, in addition to all other amounts which may be or become due and payable under this Note and the other Loan Documents, any and all Taxes and Regulatory Costs allocable to the Loan based on Lender’s reasonable good faith computation. Further, at Lender’s option, the Adjusted LIBO Rate shall be automatically adjusted by adjusting the Reserve Percentage, as determined by Lender in its prudent banking judgment, from the date of imposition (or subsequent date selected by LendexXxxxxx) xx of any such Regulatory Costs. Lender shall give Borrower notice of any Taxes and Regulatory Costs as soon as practicable after their occurrence, but Borrower shall be liable for all Taxes and Regulatory Costs allocable to the Loan based on Lendex’x xxasonable Xxxxxx’s reasonable good faith computation regardless of whether or when notice is so given.