Mandatory Cost Rate definition

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

Mandatory Cost Rate means the percentage rate per annum calculated by the Administrative Agent in accordance with Schedule 1.1 hereto.

Mandatory Cost Rate means the percentage rate, which represents the cost to the Lender, relative to the Loan, of compliance with the requirements of the Bank of England, the Financial Services Authority or any other regulatory authority, as determined by the Lender in accordance with the formula detailed in Schedule 4 hereto;

Examples of Mandatory Cost Rate in a sentence

• The Mandatory Cost Rate (to the extent applicable) 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.

• The Mandatory Cost Rate will be calculated by the Administrative Agent as a weighted average of the Lenders’ Associated Costs 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 Rate 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 Advance) and will be expressed as a percentage rate per annum.

• Each Bank will supply the Agent with such information and in such detail as the Agent may require in order to calculate the Mandatory Cost Rate in accordance with Schedule 7 (Mandatory Costs).

• The Agent shall promptly notify the relevant Borrower and the Banks of each determination of LIBOR, the Mandatory Cost Rate and the Margin.

More Definitions of Mandatory Cost Rate

Mandatory Cost Rate means, with respect to any period, a rate per annum determined in accordance with Schedule 1.1.

Mandatory Cost Rate has the meaning provided in Schedule 3.08.

Mandatory Cost Rate means the rate determined in accordance with Schedule 7 (Mandatory Costs).

Mandatory Cost Rate has the meaning set forth in Section 10.3(a).

Mandatory Cost Rate means the percentage calculated at an annual rate determined in accordance with Schedule 5;

Mandatory Cost Rate means the percentage rate per annum calculated in accordance with and in the manner set forth in Exhibit O.

Mandatory Cost Rate means an addition to the interest rate on any Revolving Credit Loan or Alternative Currency Loan made by any Lender to compensate such Lender for the cost imputed to the Lender resulting from the imposition from time to time under or pursuant to the Bank of England Act 1998 and/or by the Bank of England and/or the Financial Services Authority (or other Governmental Authorities of the United Kingdom) of a requirement to place non-interest bearing cash ratio deposits or special deposits (whether interest bearing or not) with the Bank of England and/or fees to the Financial Services Authority calculated by reference to liabilities used to fund the Revolving Credit Loans and the Alternative Currency Loans, expressed as a rate per annum and determined pursuant to the formula set forth on Schedule 1.1(b) hereto.