MLA Cost definition

MLA Cost means the cost imputed to the Lenders in connection with a Borrowing denominated in British Pounds Sterling in compliance with the Mandatory Liquid Asset requirements of the Bank of England during an Interest Period (or part of an Interest Period), expressed as a rate per annum and determined in accordance with Exhibit C.

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MLA Cost means the cost imputed to the Banks of compliance with the mandatory liquid assets requirements of the Bank of England during the Term of a Loan denominated in Sterling, determined in accordance with Schedule 3.

MLA Cost means, with respect to any Alternate Currency Loan made by any Lender, the cost imputed to such Lender of compliance with the Mandatory Liquid Assets requirements of the Bank of England during the Interest Period applicable to such Alternate Currency Loan, expressed as a rate per annum and determined in accordance with Exhibit H hereto.

Examples of MLA Cost in a sentence

• Interest (and any MLA Cost) and the fees payable under Clause 22.1 (Commitment fee) and Clause 22.4 (Utilisation fee) accrue from day to day and are calculated on the basis of the actual number of days elapsed and a year of 360 days, or, in the case of interest payable on an amount denominated in Sterling, 365 days.

• Any Revolving Credit Loan consisting of Multicurrency LIBOR Loans will have added to such Loan the MLA Cost associated with such Loans.

• Each Non-U.S. $ Swing Line Loan shall bear interest at the rate per annum equal to (x) if such Loan is in Pounds Sterling, the Overnight Rate from time to time in effect for Pounds Sterling, plus the Applicable Margin, plus the MLA Cost and (y) if such Loan is in any other Offshore Currency, such rate as is agreed to by the Applicable Swing Line Lender and the applicable Swing Line Borrower, plus the Applicable Margin.

• After the Purchasing Lenders fund their Participation Interests in a Fronted Loan, subject to Section 2.08(d), each Fronting Lender with respect to such Fronted Loan shall receive interest on such Fronted Loan equal to (A) the Eurocurrency Base Rate for such Fronted Loan plus (B) its ratable share of the Eurocurrency Margin for such Fronted Loan plus (C) its MLA Cost for such Fronted Loan.

• Each Applicable Borrower shall also pay all MLA Cost to each Lender which makes Loans in Pounds Sterling.

More Definitions of MLA Cost

MLA Cost means in relation to an Advance in Sterling, the cost of compliance with the Mandatory Liquid Assets requirements of the Bank of England during its Term or Interest Period, determined in accordance with Schedule 4. "national currency unit" means the unit of currency (other than a euro unit) of a Treaty Country.

MLA Cost means an addition to the interest rate on any Loan made by any Lender to compensate such Lender for the cost imputed to the Lender resulting from the imposition from time to time under or pursuant to the Bank of England Act 1998 (the “Act”) and/or by the Bank of England and/or the Financial Services Authority (“FSA”) (or other United Kingdom governmental authorities or agencies) of a requirement to place non-interest bearing cash ratio deposits or special deposits (whether interest bearing or not) with the Bank of England and/or fees to the FSA calculated by reference to liabilities used to fund the Loans, expressed as a rate per annum and determined in accordance with Schedule III.

MLA Cost means an addition to the interest rate on a Multicurrency LIBOR Loan to compensate a Lender for the cost imputed to a Lender in respect of any Multicurrency LIBOR Loan made during the term of any Multicurrency LIBOR Loan resulting from the imposition from time to time under or pursuant to the Bank of England Act 1998 (the “Act”) and/or by the Bank of England and/or the Financial Services Authority (the “FSA”) (or other United Kingdom governmental authorities or agencies) of a requirement to place non-interest-bearing deposits or special deposits (whether interest-bearing or not) with the Bank of England to meet cash ratio requirements and/or pay fees to the FSA calculated by reference to liabilities used to fund the Multicurrency LIBOR Loan.

MLA Cost means the cost imputed to a Bank in complying with the Mandatory Liquid Assets requirements of the Bank of England during the period in which a Sterling Loan is outstanding determined in accordance with Schedule XI.

MLA Cost means, with respect to any Alternate Currency Loan made by a Lender, the cost imputed to such Lender of compliance with the Mandatory Liquid Assets requirements of the Bank of England during the Interest Period applicable to such Alternate Currency Loan, expressed as a rate per annum and determined in accordance with the formula set forth on Schedule 3 hereto.

MLA Cost means, with respect to any Lender, the cost imputed to such -------- Lender of compliance with the Mandatory Liquid Assets requirements of the Bank of England during the relevant Interest Period, determined in accordance with Annex B.

MLA Cost means, subject to paragraph 3 below, the rate per annum determined by the Administrative Agent to be equal to the arithmetic mean (rounded to three decimal places with the mid-point rounded up) of the respective rates determined by the Administrative Agent as the rate resulting from the application of the following formula: A(D-E) + BD + C(D-F) ----------------------- 100 - (B+C) where on the date upon which the calculation fails to be made: