Mandatory Costs definition
Mandatory Costs means the percentage rate per annum calculated in accordance with Schedule 1.01(b).
Mandatory Costs means the % rate per annum calculated by the Administrative Agent in accordance with Schedule 1.01(f) hereto.
Mandatory Costs the percentage rate per annum calculated by the Administrative Agent in accordance with Schedule III.
Examples of Mandatory Costs in a sentence
In determining such Mandatory Costs, such Funding Agent shall act reasonably and in good faith and shall have made a determination to claim such costs under such other similarly affected facilities for which such claim is permitted under the applicable documentation.
Each determination of Interest Rate including (if applicable) any Mandatory Costs by each Funding Agent shall be prima facie evidence that such calculation is correct.
More Definitions of Mandatory Costs
Mandatory Costs means the cost imputed to the Lender(s) of compliance with the mandatory liquid assets requirements of the Bank of England and/or the banking supervision or other costs of the Financial Services Authority or European Central Bank or any successor body exercising their functions in this respect as determined in accordance with Schedule 1.1(c).
Mandatory Costs shall have the meaning given to it in Clause 21.8;
Mandatory Costs. The percentage rate per annum calculated by the Agent in accordance with Schedule 6 (Mandatory Cost Formulae).
Mandatory Costs means in relation to the Loan or an unpaid sum the rate per annum notified by any Lender to the Facility Agent to be the cost to that Lender of compliance with the requirements of the Financial Conduct Authority (UK) and/or the Prudential Regulation Authority (UK) or, in any case, any similar institution which replaces all or any of their functions whose requirements such Lender complies with;
Mandatory Costs means, with respect to a Loan or other unpaid sum, the rate per annum notified by any Lender to the Administrative Agent to be the cost to that Lender of compliance with all reserve asset, liquidity or cash margin or other like requirements of the Bank of England, the Financial Services Authority or the European Central Bank and which shall be determined in accordance with Schedule III (Mandatory Costs).
Mandatory Costs means, if and so long as any Lender is required to comply with, reserve assets, liquidity, special deposit, cash margin or other requirements under the applicable rules or regulations of any monetary or other governmental authority, as a result of a change in such rules, regulations or reserve percentages that is adopted, announced, amended or reflected in a new interpretation issued after the date of this Agreement, in respect of any Loan bearing interest at a USD LIBOR derived rate, the amount expressed as a percentage (rounded upwards, if necessary, to the next higher 1/16 of 1%) of the cost to such Lender of complying with such requirements in relation to such Loan.
Mandatory Costs means, in relation to any Term or Default Interest Period (or part of a Term or Default Interest Period) relating to an Advance or overdue sum, the percentage rate per annum determined by the Bank in accordance with Schedule 8 ; Margin means 2.0% per annum;