Mandatory Cost Rate definition

Mandatory Cost Rate means, with respect to any period, a rate per annum determined in accordance with Schedule 1.01.

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Mandatory Cost Rate means the percentage rate per annum calculated by the Administrative Agent in accordance with Schedule 1.1 hereto.

Mandatory Cost Rate means, with respect to any period, a rate per annum determined in accordance with Schedule 1.1.

Examples of Mandatory Cost Rate in a sentence

• The Mandatory Cost Rate (to the extent applicable) 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.

• The Mandatory Cost Rate will be calculated by the Administrative Agent as a weighted average of the Lenders’ Associated Costs 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 Administrative Agent will, at the request of the applicable Borrower, deliver to such Borrower a statement setting forth the calculation of Mandatory Cost Rate.

• The Mandatory Cost Rate will be calculated by the Administrative Agent as a weighted average of the Lenders’ Additional Cost Rates (weighted in proportion to the percentage participation of each Lender in the relevant Advance) and will be expressed as a percentage rate per annum.

• The Administrative Agent will, at the request of the Borrower or any Lender, deliver to the Borrower or such Lender as the case may be, a statement setting forth the calculation of any Mandatory Cost Rate.

More Definitions of Mandatory Cost Rate

Mandatory Cost Rate means the percentage rate which represents the cost to the Lender, relative to the Advances, of compliance with the requirements of the Bank of England, the Financial Services Authority or any other regulatory authority, as determined by the Lender in accordance with the formula detailed in Schedule I hereto.

Mandatory Cost Rate means the rate determined in accordance with Schedule 1 (Mandatory Costs);

Mandatory Cost Rate has the meaning provided in Schedule 3.08.

Mandatory Cost Rate means the rate determined in accordance with Schedule 7 (Mandatory Costs).

Mandatory Cost Rate has the meaning set forth in Section 10.3(a).

Mandatory Cost Rate means the percentage rate per annum calculated in accordance with and in the manner set forth in Exhibit O.

Mandatory Cost Rate means the rate determined in accordance with Schedule 5 (MANDATORY COST RATE).