Common use of Capital Adequacy and Other Adjustments Clause in Contracts

Capital Adequacy and Other Adjustments. (A) If the introduction of or the interpretation of any law, rule, or regulation would increase the reserve requirement or otherwise increase the cost to any Lender of making or maintaining a LIBOR Loan, then Administrative Agent, on behalf of all affected Lenders, shall submit a certificate to Borrower setting forth the amount and demonstrating the calculation of such increased cost. Borrower shall pay the amount of such increased cost to Administrative Agent for the benefit of the affected Lenders within fifteen (15) days after receipt of such certificate. Such certificate shall, absent manifest error, be final, conclusive and binding for all purposes. There is no limitation on the number of times such a certificate may be submitted.

Appears in 8 contracts

Samples: Credit Agreement (D&e Communications Inc), Credit Agreement, Credit Agreement

AutoNDA by SimpleDocs

Capital Adequacy and Other Adjustments. (A) If the introduction of or the interpretation of any law, rule, or regulation would increase the reserve requirement or otherwise increase the cost to any Lender of making or Second Amended and Restated Credit Agreement/D&E Communications, Inc. maintaining a LIBOR Loan, then Administrative Agent, on behalf of all affected Lenders, shall submit a certificate to Borrower setting forth the amount and demonstrating the calculation of such increased cost. Borrower shall pay the amount of such increased cost to Administrative Agent for the benefit of the affected Lenders within fifteen (15) days after receipt of such certificate. Such certificate shall, absent manifest error, be final, conclusive and binding for all purposes. There is no limitation on the number of times such a certificate may be submitted.

Appears in 1 contract

Samples: Credit Agreement (D&e Communications Inc)

AutoNDA by SimpleDocs

Capital Adequacy and Other Adjustments. (A) If the introduction of or the interpretation of any law, rule, or regulation would increase the reserve requirement or otherwise increase the cost to any Lender of making or maintaining a LIBOR LoanLoan in an amount deemed by such Lender to be material, then Administrative Agent, on behalf of all affected Lenders, such Lender shall submit a certificate to the Borrower setting forth the amount and demonstrating the calculation of such increased costcost to such Lender. The Borrower shall be obligated to pay the amount of such increased cost to the Administrative Agent for the benefit of the affected Lenders Lender within fifteen (15) 15 days after receipt of such certificate. Such certificate shall, absent manifest error, be final, conclusive and binding for all purposes. There is no limitation on the number of times such a certificate may be submitted.

Appears in 1 contract

Samples: Credit Agreement (Citizens Communications Co)

Time is Money Join Law Insider Premium to draft better contracts faster.