MANDATORY COST FORMULAE. 1. The Mandatory Cost is an addition to the interest rate to compensate Lenders for the cost of compliance with (a) the requirements of the Bank of England and/or the Financial Services Authority (or, in either case, any other authority which replaces all or any of its functions) or (b) the requirements of the European Central Bank.
MANDATORY COST FORMULAE. 1. The Mandatory Cost (to the extent applicable) is an addition to the interest rate to compensate Lenders for the cost of compliance with:
MANDATORY COST FORMULAE. 1. The Mandatory Cost is an addition to the interest rate to compensate Lenders for the cost of compliance with:
MANDATORY COST FORMULAE. 1. The Mandatory Cost for an Advance (other than a Swingline Advance) is an addition to the interest rate to compensate Lenders for the cost of compliance with (a) the requirements of the Bank of England and/or the Financial Services Authority (or, in either case, any other authority which replaces all or any of its functions) or (b) the requirements of the European Central Bank.
MANDATORY COST FORMULAE. 2.01 Commitments and Applicable Percentages
MANDATORY COST FORMULAE. 1.01(a) Applicable Rate 1.01(b) Existing Letters of Credit
MANDATORY COST FORMULAE. The Mandatory Cost (to the extent applicable) is an addition to the interest rate to compensate Lenders for the cost of compliance with: the requirements of the Bank of England and/or the Financial Services Authority (or, in either case, any other authority which replaces all or any of its functions); or the requirements of the European Central Bank. On the first day of each Interest Period (or as soon as practicable thereafter) the applicable Agent shall calculate, as a percentage rate, a rate (the “Additional Cost Rate”) for each Lender, in accordance with the paragraphs set out below. The Mandatory Cost will be calculated by such Agent as a weighted average of the Lenders’ Additional Cost Rates (weighted in proportion to the percentage participation of each Lender in the relevant Loan) and will be expressed as a percentage rate per annum. The applicable Agent will, at the request of Prologis or any Lender, deliver to Prologis or such Lender as the case may be, a statement setting forth the calculation of any Mandatory Cost. The Additional Cost Rate for any Lender lending from a Lending Office in a Participating Member State will be the percentage notified by that Lender to the applicable Agent. This percentage will be certified by such Lender in its notice to such Agent as the cost (expressed as a percentage of such Lender’s participation in all Loans made from such Lending Office) of complying with the minimum reserve requirements of the European Central Bank in respect of Loans made from that Lending Office. The Additional Cost Rate for any Lender lending from a Lending Office in the United Kingdom will be calculated by the applicable Agent as follows: in relation to any Loan in Sterling: AB+C(B-D)+E x 0.01 per cent per annum 100 — (A+C) in relation to any Loan in any currency other than Sterling: E x 0.01 per cent per annum 300 Where:
MANDATORY COST FORMULAE. 83 6. Schedule of Security Interests.........................................86 7.
MANDATORY COST FORMULAE. 1. On the first day of each Interest Period (or as soon as practicable thereafter), each Lender entitled to payment of additional interest under Section 10.1(b)(ii) of the Credit Agreement shall calculate the amount of such additional interest, expressed as a percentage rate per annum for such Lender, in accordance with the paragraphs set out below (the “Additional Cost Rate”).
MANDATORY COST FORMULAE. The Mandatory Cost is an addition to the interest rate to compensate UK Lenders for the cost of compliance with (a) the requirements of the Bank of England and/or the Financial Services Authority (or, in either case, any other authority which replaces all or any of its functions) or (b) the requirements of the European Central Bank. On the first day of each Interest Period (or as soon as possible thereafter) the UK Agent shall calculate, as a percentage rate, a rate (the “Additional Cost Rate”) for each UK Lender, in accordance with the paragraphs set out below. The Mandatory Cost will be calculated by the UK Agent as a weighted average of the UK Lenders’ Additional Cost Rates (weighted in proportion to the percentage participation of each UK Lender in the relevant Loan) and will be expressed as a percentage rate per annum. The Additional Cost Rate for any UK Lender lending from a facility office in a Participating Member State will be the percentage notified by that UK Lender to the UK Agent. This percentage will be certified by that UK Lender in its notice to the UK Agent to be its reasonable determination of the cost (expressed as a percentage of that UK Lender’s participation in all Loans made from that facility office) of complying with the minimum reserve requirements of the European Central Bank in respect of loans made from that facility office. The Additional Cost Rate for any UK Lender lending from a facility office in the United Kingdom will be calculated by the UK Agent as follows:
