Additional Reserve Requirements. The Company shall pay (or cause the applicable Designated Borrower to pay) to each Lender, but without duplication of amounts paid as a result of the Eurodollar Reserve Percentage, as long as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any central banking or financial regulatory authority imposed in respect of the maintenance of the Commitments or the funding of Eurodollar Rate Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Commitment or Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan; provided that the Company shall have received at least ten (10) days’ prior notice (with a copy to the Administrative Agent) of such additional costs from such Lender. If a Lender fails to give notice ten (10) days prior to the relevant Interest Payment Date, such additional costs shall be due and payable ten (10) days from receipt of such notice.
Appears in 2 contracts
Sources: Credit Agreement (Greif Inc), Credit Agreement (Greif Inc)
Additional Reserve Requirements. The Company shall pay (or cause the applicable Designated Borrower to pay) to each Lender, but without duplication of amounts paid as a result of the Eurodollar Reserve Percentage, as long as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement (other than those compensated through Mandatory Costs) of any central banking or financial regulatory authority imposed in respect of the maintenance of the Commitments or the funding of Eurodollar the Eurocurrency Rate Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Commitment or Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan; , provided that the Company shall have received at least ten (10) 15 days’ prior notice (with a copy to the Administrative Agent) of such additional costs from such Lender. If a Lender fails to give notice ten (10) 15 days prior to the relevant Interest Payment Date, such additional costs shall be due and payable ten (10) 15 days from receipt of such notice.
Appears in 2 contracts
Sources: Credit Agreement (Idex Corp /De/), Amendment No. 2 to Amended and Restated Credit Agreement (Idex Corp /De/)
Additional Reserve Requirements. The To the extent not already reflected in the calculation of any interest rate, the Company shall pay (or cause the applicable Designated Borrower to pay) to each Lender, but without duplication of amounts paid as a result of the Eurodollar Reserve Percentage, Lender as long as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any central banking or financial regulatory authority imposed in respect of the maintenance of the Term Loan Commitments or the funding of the Eurodollar Rate Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Commitment Term Loan Commitments or Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan; , provided that the Company shall have received at least ten (10) 10 days’ prior notice (with a copy to the Administrative Agent) of such additional costs from such Lender. If a Lender fails to give notice ten (10) 10 days prior to the relevant Interest Payment Date, such additional costs shall be due and payable ten (10) 10 days from receipt of such notice.
Appears in 2 contracts
Sources: Term Loan Agreement (Global Payments Inc), Term Loan Agreement (Global Payments Inc)
Additional Reserve Requirements. The Company shall pay (or cause the applicable Designated Borrower to pay) to each Lender, but without duplication of amounts paid as a result of the Eurodollar Reserve Percentage, as long as such If any Lender shall be is required to comply with any reserve ratio requirement or analogous requirement of any central banking or financial regulatory authority Governmental Authority imposed in respect of the maintenance of the Commitments or the funding of Eurodollar the Eurocurrency Rate LoansLoans (other than the Eurocurrency Reserve Percentage and Mandatory Costs), the Company shall pay (or cause the Designated Borrower to pay) to such Lender such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Commitment or Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusiveconclusive in the absence of demonstrable error), which shall be due and payable on each date on which interest is payable on such Loan; , provided that the Company Borrowers shall have received at least ten (10) 15 days’ prior notice (with a copy to the Administrative Agent) of such additional costs from such Lender. If a Lender fails to give notice ten (10) 15 days prior to the relevant Interest Payment Date, such additional interest or costs shall be due and payable ten (10) 15 days from receipt of such notice.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Hasbro Inc), Revolving Credit Agreement (Hasbro Inc)
Additional Reserve Requirements. The To the extent not already reflected in the calculation of any interest rate, the Company shall pay (or cause the applicable Designated UK Borrower to pay) to each Lender, but without duplication of amounts paid as a result of the Eurodollar Reserve Percentage, as long as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any central banking or financial regulatory authority imposed in respect of the maintenance of the Term Loan Commitments or the funding of Eurodollar the Eurocurrency Rate Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Term Loan Commitment or Term Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan; , provided that the Company shall have received at least ten (10) 10 days’ ' prior notice (with a copy to the Administrative Agent) of such additional costs from such Lender. If a Lender fails to give notice ten (10) 10 days prior to the relevant Interest Payment Date, such additional costs shall be due and payable ten (10) 10 days from receipt of such notice.
Appears in 1 contract
Additional Reserve Requirements. The To the extent not already reflected in the calculation of any interest rate, the Company shall pay (or cause the applicable Designated UK Borrower to pay) to each Lender, but without duplication of amounts paid as a result of the Eurodollar Reserve Percentage, as long as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any central banking or financial regulatory authority imposed in respect of the maintenance of the Term Loan Commitments or the funding of Eurodollar the Eurocurrency Rate Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Term Loan Commitment or Term Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan; , provided that the Company shall have received at least ten (10) 10 days’ prior notice (with a copy to the Administrative Agent) of such additional costs from such Lender. If a Lender fails to give notice ten (10) 10 days prior to the relevant Interest Payment Date, such additional costs shall be due and payable ten (10) 10 days from receipt of such notice.
Appears in 1 contract
Additional Reserve Requirements. The To the extent not already reflected in the calculation of any interest rate, the Company shall pay (or cause the applicable Designated Borrower to pay) to each Lender, but without duplication of amounts paid as a result of the Eurodollar Reserve Percentage, Lender as long as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any central banking or financial regulatory authority imposed in respect of the maintenance of the Term Loan Commitments or the funding of the Eurodollar Rate Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Term Loan Commitment or Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan; , provided that the Company shall have received at least ten (10) 10 days’ prior notice (with a copy to the Administrative Agent) of such additional costs from such Lender. If a Lender fails to give notice ten (10) 10 days prior to the relevant Interest Payment Date, such additional costs shall be due and payable ten (10) 10 days from receipt of such notice.
Appears in 1 contract
Additional Reserve Requirements. The Company shall pay to (or cause the applicable Designated Borrower to pay) to each Lender, but without duplication of amounts paid as a result of the Eurodollar Reserve Percentage, as long as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any central banking the Bank of England, the Financial Services Authority (or financial regulatory authority successor thereto) or the European Central Bank imposed in respect of the maintenance of the Commitments or the funding of Eurodollar the LIBOR Rate Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Commitment or Loan by such Lender (as determined by such Lender in good faithfaith consistent with customary market practice, which determination shall be conclusive, absent manifest error), which shall be due and payable on each date on which interest is payable on such Loan; , provided that the Company shall have received at least ten (10) 10 days’ prior notice (with a copy to the Administrative Agent) of such additional costs from such Lender. If a Lender fails to give notice ten (10) 10 days prior to the relevant Interest Payment Date, such additional costs shall be due and payable ten (10) 10 days from receipt of such notice.
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