Common use of HIGHER COST Clause in Contracts

HIGHER COST. If at any time after the Date of First Disbursement any law, decree, resolution or general ruling is approved, becomes effective, enacted or repealed, or its interpretation or application is modified by a governmental agency, whether national, provincial or municipal, or if compliance by the Banks of any general requirement or directive, is modified by a governmental agency, whether national, provincial or municipal (whether they have the validity of the law or not) (the “Governmental Fact”), and its effect implies:

Appears in 3 contracts

Sources: Syndicated Loan Agreement (Bioceres Crop Solutions Corp.), Syndicated Loan Agreement (Bioceres S.A.), Syndicated Loan Agreement (Bioceres S.A.)