Mitigation by the Lenders. 15.1 Mitigation Each Finance Party shall, in consultation with the Borrowers take all reasonable steps to mitigate any circumstances which arise and which would result in any amount becoming payable under or pursuant to any of Clause 7.1 (Illegality), Clause 12 (Tax Gross Up and Indemnities) or Clause 13 (Increased Costs) including (but not limited to) transferring its rights and obligations under the Finance Documents to another Affiliate or Facility Office. The above does not in any way limit the obligations of any Security Party under the Finance Documents.
Mitigation by the Lenders. Mitigation
Mitigation by the Lenders. Mitigation Without in any way limiting the obligations of the Borrower hereunder, each Finance Party shall, in consultation with the Borrower, take all reasonable steps for a period of fifteen (15) Business Days to mitigate any circumstances which arise and which would result in any amount becoming payable under or pursuant to, or cancelled pursuant to, any of: Clause (b) (Illegality); Clause 13 (Tax gross-up and indemnities); and Clause 14 (Increased Costs), including (but not limited to) transferring its rights and obligations under the Finance Documents to another Affiliate.
Mitigation by the Lenders. 14.1 Mitigation
Mitigation by the Lenders. (a) Each Finance Party shall, in consultation with the Parent, take all reasonable steps, including to the extent possible, but not limited to, making any Utilisation available from an Affiliate, to mitigate any circumstances which arise and which would result in any amount becoming payable under or pursuant to, or cancelled pursuant to, any of Clause 12.1 (Illegality) (or, in respect of the Issuing Agent, Clause 12.2 (Illegality in relation to the Issuing Agent)), Clause 19 (Tax Gross Up and Indemnities) or Clause 20.1 (Increased Costs) or in any amount payable under a Finance Document by an Italian Obligor becoming not deductible from that Italian Obligor’s taxable income for Italian tax purposes by reason of that amount originating from transactions occurred with Blacklisted Resident Entities including (but not limited to) transferring its rights and obligations under the Finance Documents to another Affiliate or Facility Office.
Mitigation by the Lenders. 16.1 Mitigation
Mitigation by the Lenders. Mitigation Without in any way limiting the obligations of the Borrower hereunder, each Finance Party shall, in consultation with the Borrower, take all reasonable steps for a period of fifteen (15) Business Days to mitigate any circumstances which arise and which would result in any amount becoming payable under or pursuant to, or cancelled pursuant to, any of:
Mitigation by the Lenders. 19.1 Mitigation (a) Each Finance Party shall, in consultation with the Original Borrower, take all reasonable steps to mitigate any circumstances which arise and which would result in any amount becoming payable under, or cancelled pursuant to, any of Clause 10.6 (Illegality), Clause 16 (Tax gross-up and indemnities) or Clause 17 (Increased costs) including (but not limited to) transferring its rights and obligations under the Finance Documents to another Affiliate or Facility Office.
Mitigation by the Lenders. 16.1 MITIGATION (a) Each Finance Party shall, in consultation with ABB, take all reasonable steps to mitigate any circumstances which arise and which would result in any amount becoming payable under or pursuant to, or cancelled pursuant to, any of Clause 8.1 (LENDER ILLEGALITY), Clause 13 (TAX GROSS-UP AND INDEMNITIES) or Clause 14 (INCREASED COSTS) or which would result in any increased amount being payable under this Agreement by reason of a change in the Additional Cost Rate after the date hereof including (but not limited to) transferring its rights and obligations under the Finance Documents to another Affiliate (provided that such Affiliate qualifies as a PMP) or Facility Office and, in such circumstances a Lender will, at the request of ABB but subject to ABB indemnifying it for the costs of so doing, transfer its rights and obligations under the Finance Documents to another Lender.
Mitigation by the Lenders. (a) Each Finance Party shall, in consultation with the Borrower, take all reasonable steps to mitigate any circumstances which arise and which would result in any amount becoming payable under or pursuant to, pursuant to, any of Clause 6.1 (Stamp Taxes) Clause 6.2 (Indirect Taxes), including (but not limited to) transferring its rights and obligations under the Finance Documents to another Affiliate or Facility Office.
