Common use of Repercussion Clause in Contracts

Repercussion. If, due to legal or regulatory provisions (or due to their interpretation or application by competent authorities), obligations or restrictions are imposed on the Lending Entities which, on account of their participation in this transaction, implies for the latter an increase in the cost of funds taken on the interbank monetary market to which these Entities turn for financing this Agreement or an increase in the consumption of their own resources, or limitations are imposed on the type of interest or commissions entailing a reduction of revenue to which these Entities were entitled by virtue of this Agreement, the Borrower shall be obliged to compensate the Lending Entities involved.

Appears in 2 contracts

Sources: Syndicated Financing Agreement (Telvent Git S A), Amending Novation Agreement (Telvent Git S A)