Common use of Increased Costs; Change in Circumstances; Illegality; etc Clause in Contracts

Increased Costs; Change in Circumstances; Illegality; etc. (a) If, at any time after the date hereof and from time to time, the introduction of or any change in any applicable law, rule or regulation or in the interpretation or administration thereof by any Governmental Authority charged with the interpretation or administration thereof, or compliance by the Lender with any guideline or request from any such Governmental Authority (whether or not having the force of law), shall (i) subject the Lender to any tax or other charge, or change the basis of taxation of payments to the Lender, (ii) 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, the Lender, or (iii) impose on the Lender any other condition affecting its Loans, and the result of any of the foregoing shall be to increase the cost to the Lender of making or maintaining any Loans or to reduce the amount of any sum received or receivable by the Lender hereunder, the Borrower will, promptly upon demand therefor by the Lender, pay to the Lender such additional amounts, excluding amounts in respect of income, franchise and excise taxes as shall compensate the Lender for such increase in costs or reduction in return.

Increased Costs; Change in Circumstances; Illegality; etc. (a) If, at any time after the date hereof and from time to time, the introduction of or any change in any applicable law, rule or regulation or in the interpretation or administration thereof by any Governmental Authority charged with the interpretation or administration thereof, or compliance by the any Lender with any guideline or request from any such Governmental Authority (whether or not having the force of law), shall (i) subject the such Lender to any tax or other charge, or change the basis of taxation of payments to such Lender, in respect of any of its LIBOR Loans or any other amounts payable hereunder or its obligation to make, fund or maintain any LIBOR Loans (other than any change in the Lenderrate or basis of tax on the overall net income of such Lender or its applicable Lending Office), (ii) impose, modify or deem applicable any reserve, special deposit or similar requirement (other than as a result of any change in the Reserve Requirement) against assets of, deposits with or for the account of, or credit extended by, the Lendersuch Lender or its applicable Lending Office, or (iii) impose on the such Lender or its applicable Lending Office any other condition affecting its Loanscondition, and the result of any of the foregoing shall be to increase the cost to the such Lender of making or maintaining any LIBOR Loans or to reduce the amount of any sum received or receivable by the such Lender hereunder, the Borrower will, promptly upon demand therefor by the such Lender, pay to the such Lender such additional amounts, excluding amounts in respect of income, franchise and excise taxes as shall compensate the such Lender for such increase in costs or reduction in return.