Common use of Change in Law; Illegality Clause in Contracts

Change in Law; Illegality. (a) If the adoption or implementation of, or any change in (or the interpretation, administration or application of) any Applicable Law shall, in each case after the date hereof, (i) impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by, any Lender (except any such reserve requirement reflected in the LIBOR Rate) or (ii) impose on any Lender or the London interbank market any other condition affecting this Agreement or LIBOR Rate Loans made by such Lender; the result of any of the foregoing shall be to increase the cost to such Lender of maintaining any LIBOR Rate Loan or to reduce the amount of any sum received or receivable by such Lender hereunder (whether of principal, interest or otherwise), then the Borrower will pay to such Lender such additional amount or amounts as will compensate such Lender for such additional costs incurred to the extent that such Lender reasonably determines that such increase in cost be allocable to the existence of such Lender’s LIBOR Rate Loans.

Change in Law; Illegality. (a) If the adoption or implementation of, or any change in (or the interpretation, administration or application of) any Applicable Law shall, in each case after the date hereof, (i) impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by, any the Lender (except any such reserve requirement reflected in the LIBOR Rate) or (ii) impose on any the Lender or the London interbank market any other condition affecting this Agreement or LIBOR Rate Loans made by such the Lender; the result of any of the foregoing shall be to increase the cost to such the Lender of maintaining any LIBOR Rate Loan or to reduce the amount of any sum received or receivable by such the Lender hereunder (whether of principal, interest or otherwise), then the Borrower will pay to such the Lender such additional amount or amounts as will compensate such the Lender for such additional costs incurred to the extent that such the Lender reasonably determines that such increase in cost be allocable to the existence of such the Lender’s LIBOR Rate Loans.

Change in Law; Illegality. (a) If the adoption or implementation of, or any change in (or the interpretation, administration or application of) ), any Applicable Law shall, in each case after the date hereof, (i) impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by, any DIP Lender (except any such reserve requirement reflected in the LIBOR Rate) or (ii) impose on any DIP Lender or the London interbank market any other condition affecting this Agreement or LIBOR Rate Loans made by such Lender; and the result of any of the foregoing under (i) or (ii) of this Section 4.02(a) shall be to increase the cost to such DIP Lender of maintaining any LIBOR Rate DIP Loan or to reduce the amount of any sum received or receivable by such DIP Lender hereunder (whether of principal, interest or otherwise), then the Borrower Borrowers will pay to such DIP Lender such additional amount or amounts as will compensate such DIP Lender for such additional costs incurred to the extent that such DIP Lender reasonably determines that such increase in cost be allocable to the existence of such DIP Lender’s LIBOR Rate LoansDIP Loans or its commitment to lend hereunder.