Increase Costs Sample Clauses
An Increase Costs clause defines how additional expenses incurred during the performance of a contract are managed between the parties. Typically, it outlines the circumstances under which a party may request compensation for unforeseen increases in costs, such as changes in law, taxes, or material prices, and the process for notifying and substantiating such claims. This clause ensures that the financial risk of cost escalations is fairly allocated, preventing disputes and providing a clear mechanism for addressing changes in project expenses.
Increase Costs. The Property Insurance policy also shall cover increase cost of construction, demolition and debris removal coverage, arising out of the enforcement of building laws and ordinance governing repair and reconstruction and shall include an agreed amount provision or not contain a coinsurance clause. The replacement cost of the Property and such other improvements as are located on the Land, and of the FF&E and other property installed or used in, on or about the Property shall be determined at least once every forty-eight (48) months by Lessee.
Increase Costs. (a) If, on or after the date hereof, the Lender shall have determined that the adoption of any applicable law, rule or regulation regarding capital adequacy, or any change therein, or any change in the interpretation or administration thereof by any governmental authority, central bank or comparable agency charged with the interpretation thereof, or compliance by the Lender with any request or directive regarding capital adequacy (whether or not having the force of law) of any such authority, central bank or comparable agency, has or would have the effect of reducing the rate of return on the Lender's capital as a consequence of its obligations hereunder to a level below that which the Lender could have achieved but for such adoption, change or compliance (taking into consideration the Lender's policies with respect to capital adequacy), then from time to time after demand by the Lender, the Borrowers shall pay to the Lender such additional amount or amounts as will compensate the Lender for such reduction.
(b) In the event that a change subsequent to the date hereof, or any applicable law, regulation, treaty or directive or in the governmental or judicial interpretation or thereof, or compliance by he Lender with any request or directive (whether or not having the force of law) issued subsequent to the date hereof by any central bank or other governmental authority, agency or instrumentality;
(1) Does or shall subject the Lender to any tax of any kind whatsoever with respect to this Agreement or any others made or Letters of Credit issued hereunder, or changes the basis of taxation of payments to the Lender of principal, fees, interest or any other amount payable hereunder (except for changes in the rate of tax on the overall net income of the Lender);
(2) Does or shall impose, modify or hold applicable any reserve special deposits compulsory loan or similar requirement against assets held by or deposits or other liabilities in or for the account of advances or loans by, or other credit extended by or any other acquisition of funds by any office of the Lender which are not otherwise included in the determination of the Prime Rate or an applicable LIBO Based Rate; or
(3) Does or shall impose on the Lender any other condition; and the result of any of the foregoing is to increase the cost to the Lender of making, issuing, agreeing to make or issue, renewing, or maintaining any Loan or Letter of Credit or to reduce any amount receivable in respect thereof th...
Increase Costs