Mandatory Cost definition

Mandatory Cost means, with respect to any period, the percentage rate per annum determined in accordance with Schedule 1.01.

Mandatory Cost means the percentage rate per annum calculated by the Agent in accordance with Schedule 4 (Mandatory Cost formulae).

Mandatory Cost means any amount incurred periodically by any Lender during the term of the Facility which constitutes fees, costs or charges imposed on lenders generally in the jurisdiction in which such Lender is domiciled, subject to regulation, or has its Facility Office by any Governmental Authority.

Examples of Mandatory Cost in a sentence

• The Mandatory Cost is an addition to the interest rate to compensate Lenders for the cost of compliance with (a) the requirements of the Bank of England and/or the Financial Services Authority (or, in either case, any other authority which replaces all or any of its functions) or (b) the requirements of the European Central Bank.

• Mandatory Cost Sharing Mandatory cost sharing will only be required for NSF programs when explicitly authorized by the NSF Director, the NSB, or legislation.

• The Facility Agent must distribute each amount of Mandatory Cost among the Lenders on the basis of the rate for each Lender.

• The Mandatory Cost will be calculated by the Administrative Agent as a weighted average of the Lenders’ Additional Cost Rates (weighted in proportion to the percentage participation of each Lender in the relevant Loan) and will be expressed as a percentage rate per annum.

• The Mandatory Cost will be calculated by the Agent as a weighted average of the Lenders’ Additional Cost Rates (weighted in proportion to the percentage participation of each Lender in the relevant Loan) and will be expressed as a percentage rate per annum.

More Definitions of Mandatory Cost

Mandatory Cost is described in Schedule 2.02.

Mandatory Cost means, with respect to any Lender, the cost imputed to such Lender of compliance with the requirements of the Bank of England or the Financial Services Authority during the relevant Interest Period, determined in accordance with Schedule 1.01.

Mandatory Cost means, with respect to any period, the percentage rate per annum determined in accordance with Schedule 1.01(a).

Mandatory Cost means the percentage rate per annum calculated by the Agent in accordance with Schedule 7;

Mandatory Cost means the percentage rate per annum calculated by the Facility Agent in accordance with Schedule 3 (Mandatory Cost Formulae).

Mandatory Cost means the percentage rate per annum calculated by the Agent in accordance with Schedule 4 (Mandatory Cost Formulae).

Mandatory Cost means the percentage rate per annum calculated by the Administrative Agent in accordance with Schedule 1.1(d).