MLA Costs definition

MLA Costs means the costs (expressed as an annual percentage at a rate rounded up to the nearest one eighth per cent) calculated by BoS in accordance with its usual practice of complying with any reserve asset and/or special deposit and/or cash ratio and/or liquidity and/or capital adequacy and/or banking control or similar requirements of Bank of England, the Financial Services Authority, the European Central Bank or any other governmental or regulatory authority.

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MLA Costs means the percentage rate per annum calculated by the Administrative Agent in accordance with Schedule 1.02.

MLA Costs means such costs (if any) as we determine are necessary to compensate us for complying with any reserve asset and/or special deposit or liquidity requirements (or other requirements having the same or similar purpose) of the Bank of England or any other UK governmental authority (whether or not having the force of the law) and/or paying any fees to the Financial Services Authority (or any successor or similar authority) which, in each case, is referable to the Loan.

Examples of MLA Costs in a sentence

• The Bank shall notify the Borrower of the MLA Costs applicable to that Interest Period as soon as practicable after the determination thereof.

• Any change in the interest rate on a Loan resulting from a change in the ABR, the LIBOR Reserve Requirements, the MLA Costs, the C/D Assessment Rate or the C/D Reserve Percentage shall become effective as of the opening of business on the day on which such change becomes effective.

• Interest (including any applicable MLA Costs) and the fee payable under Clause 23.3 (Commitment 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 only, 365 days.

• Interest (including any applicable MLA Costs) and the fee payable under Clause 23.2 (Commitment 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 only, 365 days.

• For the avoidance of doubt, nothing in this Section 1.10(c) shall require any U.K. Borrower or any Parent to pay to any Bank any amount for which such Bank is compensated by way of payment of the MLA Costs.

• Subject to SECTIONS 4.2.2 and 5.1, each Pro-Rata Revolving Loan shall bear an annual rate of interest, during each Interest Period applicable thereto, equal to the sum of (i) the LIBO Rate for such Interest Period, (ii) the Applicable Margin, plus (iii) in respect of Pro-Rata Revolving Loans denominated in Sterling, the MLA Costs.

More Definitions of MLA Costs

MLA Costs means the percentage rate per annum calculated by the Administrative Agent in accordance with Schedule 1.02. “Moody’s” means Moody’s Investors Service, Inc.

MLA Costs means such costs, if any, as we shall determine to be necessary to compensate us for complying with any reserve asset and/or any special deposit or liquidity requirements or other requirements having the same or similar purpose of the Bank of England or other UK Government Authority, whether or not such requirements have the force of law.

MLA Costs means, for any Lender making a Loan in Sterling, the additional costs to that Lender of compliance with Mandatory Liquid Assets Requirements from time to time required by the Bank of England, calculated in accordance with the following formula: EUROPEAN CREDIT AGREEMENT