CALCULATION OF THE MANDATORY COST. 1. The Mandatory Cost is an addition to the interest rate to compensate the 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.
CALCULATION OF THE MANDATORY COST. General The Mandatory Cost is the weighted average of the rates for each Lender calculated below by the Facility Agent on the first day of a Term. The Facility Agent must distribute each amount of Mandatory Cost among the Lenders on the basis of the rate for each Lender. For a Lender lending from a Facility Office in the U.K.
CALCULATION OF THE MANDATORY COST. (a) The Mandatory Cost for an Advance for its Interest Period is the rate determined by the Agent to be equal to the arithmetic mean (rounded upward, if necessary, to four decimal places) of the respective rates notified by each of the Reference Banks to the Agent and calculated in accordance with the following formulae: in relation to an Advance denominated in Sterling: BY + S(Y-Z) + F x 0.01 % per annum ---------------------- 100-(B + S) in relation to any other Advance:
CALCULATION OF THE MANDATORY COST. (a) The Mandatory Cost for an Advance (other than a Swingline Advance) is the rate determined by the Agent to be the rate) calculated in accordance with the following formulae: in relation to an Advance denominated in Sterling: BY + S(Y-Z) + F X 0.01 % per annum = Mandatory Cost ---------------------- 100-(B + S) in relation to any other Advance:
CALCULATION OF THE MANDATORY COST. (a) The Mandatory Cost for a Loan for each of its Interest Periods is the rate determined by the Facility Agent to be equal to the arithmetic mean (rounded upward, if necessary, to four decimal places) of the respective rates notified by each of the Reference Banks to the Facility Agent and calculated in accordance with the following formula: BY + S(Y-Z) + F x 0.01 % per annum ---------------------- 100-(B + S) where on the day of application of the formula: B is the percentage of the Reference Bank's eligible liabilities (in excess of any stated minimum) which the Bank of England requires the Reference Bank to hold on a non-interest-bearing deposit account in accordance with its cash ratio requirements; Y is LIBOR at or about 11.00 a.m. on that day for the relevant Interest Period; S is the percentage of the Reference Bank's eligible liabilities which the Bank of England requires the Reference Bank to place as a special deposit; Z is the interest rate per annum allowed by the Bank of England on special deposits; and F is the charge payable by the Reference Bank to the Financial Services Authority under paragraph 2.02 or 2.03 (as appropriate) of the Fees Regulations (but where for this purpose, the figure in paragraph 2.02b and 2.03b will be deemed to be zero), expressed in pounds per Pound Sterling1,000,000 of the fee base of the Reference Bank.
CALCULATION OF THE MANDATORY COST. (a) The Mandatory Cost for a Loan for its Interest Period or each of its Interest Periods, as appropriate, is the rate determined by the Agent to be equal to the arithmetic mean (rounded upward, if necessary, to four decimal places) of the respective rates notified by each of the Reference Banks to the Agent and calculated in accordance with the following formulae: In relation to a Loan denominated in Sterling: AB + C(B-D) + E x 0.01% per annum = Mandatory Cost 100-(A+C) in relation to any other Loan: E x 0.01% per annum = Mandatory Cost 300 where on the day of application of the formula:
CALCULATION OF THE MANDATORY COST. (a) The Mandatory Cost for a Loan for its Interest Period or each of its Interest Periods, as appropriate, is the rate determined by the Agent to be equal to the arithmetic mean (rounded upward, if necessary, to four decimal places) of the respective rates notified by each of the Reference Banks to the Agent and calculated in accordance with the following formulae: In relation to a Loan denominated in Sterling: AB + C(B-D) + E × 0.01% per annum = Mandatory Cost 100-(A + C) in relation to any other Loan: E × 0.01% per annum = Mandatory Cost 300 where on the day of application of the formula: A is the percentage of the Reference Bank's eligible liabilities (in excess of any stated minimum) which the Bank of England requires the Reference Bank to hold on a non-interest-bearing deposit account in accordance with its cash ratio requirements; B is LIBOR as appropriate for the relevant Interest Period; is the percentage of the Reference Bank's eligible liabilities which the Bank of England requires the Reference Bank to place as a special deposit; is the interest rate per annum allowed by the Bank of England on special deposits; and E is calculated by the Agent as being the average of the rates of charge supplied by the Reference Banks to the Agent under paragraph (d) below and expressed in pounds per £1 million.
CALCULATION OF THE MANDATORY COST. 1. The Mandatory Cost for a LIBOR Advance for each of its Interest Period is the rate determined by the Administrative Agent in accordance with the following formulae: IN RELATION TO ANY LIBOR ADVANCE:
CALCULATION OF THE MANDATORY COST. (a) The Mandatory Cost for a Loan for its Interest Period or each of its Interest Periods, as appropriate, is the rate determined by the Agent to be equal to the arithmetic mean (rounded upward, if necessary, to four decimal places) of the respective rates notified by each of the Reference Banks to the Agent and calculated in accordance with the following formulae: In relation to a Loan denominated in Sterling: BY + S(Y-Z) + F X 0.01% PER ANNUM = Mandatory Cost 100-(B + S) in relation to any other Loan:
CALCULATION OF THE MANDATORY COST. (a) For the purpose of paragraph (a) of the definition of Mandatory Cost, the Mandatory Cost for a Loan denominated in Sterling for its Interest Periods is calculated in accordance with the following formula:
