CALCULATION OF THE MANDATORY COST. 1. 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.
Appears in 1 contract
Samples: Facilities Agreement (Autoliv Inc)
CALCULATION OF THE MANDATORY COST. 1. The Mandatory Cost is an addition to the interest rate to compensate Lenders Banks 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.
Appears in 1 contract
Samples: Facility Agreement (Spirent PLC)
CALCULATION OF THE MANDATORY COST. 1. (a) The Mandatory Cost is an addition to the interest rate in relation to compensate Lenders for the cost of compliance with (ai) 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 (bii) the requirements of the European Central Bank.
Appears in 1 contract
Samples: [Secretary] (WPP Group PLC)
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.
Appears in 1 contract
Samples: Credit Agreement (IHS Inc.)
