TAXES, RESERVE REQUIREMENTS, ETC. In the event that any applicable law, rule or regulation now or hereafter in effect and whether or not presently applicable to any of the Lenders, or any interpretation or administration thereof by any governmental authority charged with the interpretation or administration thereof, or compliance by the Lenders with any guideline, request or directive of any such authority (whether or not having the force of law), will (i) subject any Lender to any tax or affect the basis of taxation of payments to any of the Lenders of any amounts payable by the Company under this Second Restated Credit Agreement (other than taxes imposed on the overall net income of any of the Lenders, by the jurisdiction, or by any political subdivision or taxing authority of any such jurisdiction, in which any Lender has its principal office), or (ii) will impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by any of the Lenders (including but not limited to a request or requirement which affects the manner in which any of the Lenders allocates capital resources to its commitments or obligations, including without limitation its obligations under this Second Restated Credit Agreement, the Loans, Letters of Credit and other obligations) or (iii) will impose any other condition affecting this Second Restated Credit Agreement, any of the Obligations or any of the Loan Documents, and the result of any of the foregoing is to increase the direct or indirect cost of making, funding or maintaining the Loans, Letters of Credit or other Obligations or to reduce the amount of any sum received or receivable by any of the Lenders thereon, then the Company will pay to such Lenders from time to time, upon request by any of such Lenders, with a copy of such request to be provided to the Agent, additional amounts sufficient to compensate such Lenders for such increased cost or reduced sum receivable.
Appears in 2 contracts
Samples: Security Agreement (Multi Color Corp), Security Agreement (Multi Color Corp)
TAXES, RESERVE REQUIREMENTS, ETC. In the event that any applicable law, rule or regulation now or hereafter in effect and whether or not presently applicable to any of the Lenders, or any interpretation or administration thereof by any governmental authority Governmental Authority charged with the interpretation or administration thereof, or compliance by the Lenders with any guideline, request or directive of any such authority (whether or not having the force of law), will (i) subject any Lender to any tax or affect the basis of taxation of payments to any of the Lenders of any amounts payable by the Company Borrower under this Second Restated Credit Agreement (other than taxes imposed on the overall net income of any of the Lenders, by the jurisdiction, or by any political subdivision or taxing authority of any such jurisdiction, in which any Lender has its principal office), or (ii) will impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by any of the Lenders (including but not limited to a request or requirement which affects the manner in which any of the Lenders allocates capital resources to its commitments or obligations, including without limitation its obligations under this Second Restated Credit Agreement, the Loans, Letters of Credit Loans and other obligations) or (iii) will impose any other condition affecting this Second Restated Credit Agreement, any of the Obligations or any of the Loan Documents, and the result of any of the foregoing is to increase the direct or indirect cost of making, funding or maintaining the Loans, Letters of Credit Loans or the other Obligations or to reduce the amount of any sum received or receivable by any of the Lenders thereon, calculated on a net basis for any one or related series of the foregoing events, then the Company Borrower will pay to such Lenders from time to time, upon request by any of such Lenders, with a copy of such request to be provided to the Administrative Agent, additional amounts sufficient to compensate such Lenders for such increased cost or reduced sum receivable.
Appears in 2 contracts
Samples: Loan Agreement (Worthington Industries Inc), Loan Agreement (Worthington Industries Inc)
TAXES, RESERVE REQUIREMENTS, ETC. In the event that any applicable law, rule or regulation now or hereafter in effect and whether or not presently applicable to any of the Lenders, or any interpretation or administration thereof by any governmental authority charged with the interpretation or administration thereof, or compliance by the Lenders with any guideline, request or directive of any such authority (whether or not having the force of law), will (i) subject any Lender to any tax or affect the basis of taxation of payments to any of the Lenders of any amounts payable by the Company under this Second Third Restated Credit Agreement (other than taxes imposed on the overall net income of any of the Lenders, by the jurisdiction, or by any political subdivision or taxing authority of any such jurisdiction, in which any Lender has its principal office), or (ii) will impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by any of the Lenders (including but not limited to a request or requirement which affects the manner in which any of the Lenders allocates capital resources to its commitments or obligations, including without limitation its obligations under this Second Third Restated Credit Agreement, the Loans, Letters of Credit and other obligations) or (iii) will impose any other condition affecting this Second Third Restated Credit Agreement, any of the Obligations or any of the Loan Documents, and the result of any of the foregoing is to increase the direct or indirect cost of making, funding or maintaining the Loans, Letters of Credit or other Obligations or to reduce the amount of any sum received or receivable by any of the Lenders thereon, then the Company will pay to such Lenders from time to time, upon request by any of such Lenders, with a copy of such request to be provided to the Agent, additional amounts sufficient to compensate such Lenders for such increased cost or reduced sum receivable.
Appears in 1 contract
Samples: Credit, Reimbursement and Security Agreement (Multi Color Corp)
TAXES, RESERVE REQUIREMENTS, ETC. In the event that any applicable law, rule or regulation now or hereafter in effect and whether or not presently applicable to any of the Lenders, or any interpretation or administration thereof by any governmental authority charged with the interpretation or administration thereof, or compliance by the Lenders with any guideline, request or directive of any such authority (whether or not having the force of law), will (i) subject any Lender to any tax or affect the basis of taxation of payments to any of the Lenders of any amounts payable by the Company under this Second Fourth Restated Credit Agreement (other than taxes imposed on the overall net income of any of the Lenders, by the jurisdiction, or by any political subdivision or taxing authority of any such jurisdiction, in which any Lender has its principal office), or (ii) will impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by any of the Lenders (including but not limited to a request or requirement which affects the manner in which any of the Lenders allocates capital resources to its commitments or obligations, including without limitation its obligations under this Second Fourth Restated Credit Agreement, the Loans, Letters of Credit and other obligations) or (iii) will impose any other condition affecting this Second Fourth Restated Credit Agreement, any of the Obligations or any of the Loan Documents, and the result of any of the foregoing is to increase the direct or indirect cost of making, funding or maintaining the Loans, Letters of Credit or other Obligations or to reduce the amount of any sum received or receivable by any of the Lenders thereon, then the Company will pay to such Lenders from time to time, upon request by any of such Lenders, with a copy of such request to be provided to the Agent, additional amounts sufficient to compensate such Lenders for such increased cost or reduced sum receivable.
Appears in 1 contract
Samples: Credit Agreement (Multi Color Corp)
TAXES, RESERVE REQUIREMENTS, ETC. In the event that any applicable law, rule or regulation now or hereafter in effect and whether or not presently applicable to any of the Lenders, or any interpretation or administration thereof by any governmental authority charged with the interpretation or administration thereof, or compliance by the Lenders with any guideline, request or directive of any such authority (whether or not having the force of law), will (i) subject any Lender to any tax or affect the basis of taxation of payments to any of the Lenders of any amounts payable by the Company under this Second Restated Credit Agreement (other than taxes imposed on the overall net income of any of the Lenders, by the jurisdiction, or by any political subdivision or taxing authority of any such jurisdiction, in which any Lender has its principal office), or (ii) will impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by any of the Lenders (including but not limited to a request or requirement which affects the manner in which any of the Lenders allocates capital resources to its commitments or obligations, including without limitation its obligations under this Second Restated Credit Agreement, the Loans, Letters of Credit and other obligations) or (iii) will impose any other condition affecting this Second Restated Credit Agreement, any of the Obligations or any of the Loan Documents, and the result of any of the foregoing is to increase the direct or indirect cost of making, funding or maintaining the Loans, Letters of Credit or other Obligations or to reduce the amount of any sum received or receivable by any of the Lenders thereon, then the Company will pay to such Lenders from time to time, upon request by any of such Lenders, with a copy of such request to be provided to the Agent, additional amounts sufficient to compensate such Lenders for such increased cost or reduced sum receivable.
Appears in 1 contract
Samples: Reimbursement and Security Agreement (Multi Color Corp)