Common use of Costs and Returns Clause in Contracts

Costs and Returns. If any Lender determines that as a result of the introduction of or any change in, or in the interpretation of, any Law, or such Lender’s compliance therewith, there shall be any increase in the cost to such Lender of agreeing to make or making, funding or maintaining a Loan or a reduction in the amount received or receivable by such Lender in connection with any of the foregoing (excluding any such increased costs or reduction in amount resulting from (i) changes in the basis of taxation of overall net income or overall gross income by the United States or any foreign jurisdiction or any political subdivision of either thereof under the Laws of which such Lender is organized or has its principal lending office and (ii) reserve requirements utilized in the determination of the LIBOR Rate), then from time to time upon demand of such Lender, the Borrower shall pay to such Lender such additional amounts as will compensate such Lender for such increased cost or reduction.

Appears in 2 contracts

Samples: Discretionary Demand Credit Agreement (Alteva, Inc.), Credit Agreement (Warwick Valley Telephone Co)

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Costs and Returns. If any the Lender determines that as a result of the introduction of or any change in, or in the interpretation of, any Law, or such the Lender’s compliance therewith, there shall be any increase in the cost to such the Lender of agreeing to make or making, funding or maintaining a the Loan or a reduction in the amount received or receivable by such the Lender in connection with any of the foregoing (excluding any such increased costs or reduction in amount resulting from (i) changes in the basis of taxation of overall net income or overall gross income by the United States or any foreign jurisdiction or any political subdivision of either thereof under the Laws of which such the Lender is organized or has its principal lending office and (iioffice) reserve requirements utilized in the determination of the LIBOR Rate), then from time to time upon demand of such the Lender, the Borrower shall pay to such the Lender such additional amounts as will compensate such the Lender for such increased cost or reduction.

Appears in 1 contract

Samples: Term Loan Agreement (Sphere 3D Corp)

Costs and Returns. If any the Lender reasonably determines that as a result of the introduction of of, or any change in, or in the interpretation of, any Law, or such the Lender’s compliance therewith, there shall be any increase in the cost to such the Lender of agreeing to make or making, funding or maintaining a Loan or a reduction in the amount received or receivable by such the Lender in connection with any of the foregoing (excluding any such increased costs or reduction in amount resulting from (i) changes in the basis of taxation of overall net income or overall gross income by the United States or any foreign jurisdiction or any political subdivision of either thereof under the Laws of which such the Lender is organized or has its principal lending office office, and (ii) reserve requirements utilized in the determination of the LIBOR RateBenchmark), then from time to time upon demand of such the Lender, the Borrower shall pay to such the Lender such additional amounts as will compensate such the Lender for such increased cost or reduction.

Appears in 1 contract

Samples: Credit Agreement (First Trust Alternative Opportunities Fund)

Costs and Returns. If any the Lender determines that as a result of the introduction of or any change in, or in the interpretation of, any Law, or such the Lender’s compliance therewith, there shall be any increase in the cost to such the Lender of agreeing to make or making, funding or maintaining a Loan or a reduction in the amount received or receivable by such the Lender in connection with any of the foregoing (excluding any such increased costs or reduction in amount resulting from (i) changes in the basis of taxation of overall net income or overall gross income by the United States or any foreign jurisdiction or any political subdivision of either thereof under the Laws of which such the Lender is organized or has its principal lending office and (ii) reserve requirements utilized in the determination of the LIBOR Rate), then from time to time upon demand of such the Lender, the Borrower shall pay to such the Lender such additional amounts as will compensate such the Lender for such increased cost or reduction.

Appears in 1 contract

Samples: Credit Agreement (Warwick Valley Telephone Co)

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Costs and Returns. If any the Lender determines that as a result of the introduction of or any change in, or in the interpretation of, any Law, or such the Lender’s compliance therewith, there shall be any increase in the cost to such the Lender of agreeing to make or making, funding or maintaining a Loan or a reduction in the amount received or receivable by such the Lender in connection with any of the foregoing (excluding any such increased costs or reduction in amount resulting from (i) changes in the basis of taxation of overall net income or overall gross income by the United States or any foreign jurisdiction or any political subdivision of either thereof under the Laws of which such the Lender is organized or has its principal lending office and (iioffice) reserve requirements utilized in the determination of the LIBOR Rate), then from time to time upon demand of such the Lender, the Borrower shall pay to such the Lender such additional amounts as will compensate such the Lender for such increased cost or reduction.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sphere 3D Corp)

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