Mandatory Cost Rate definition

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

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

Examples of Mandatory Cost Rate in a sentence

• The Agent shall promptly notify the relevant Borrower and the Banks of each determination of LIBOR, the Mandatory Cost Rate and the Margin.

• The Agent shall promptly notify the Borrower and the Banks of each determination of LIBOR, the Mandatory Cost Rate and the Margin.

• Each Bank will supply the Agent with such information and in such detail as the Agent may require in order to calculate the Mandatory Cost Rate in accordance with Schedule 7 (Mandatory Costs).

• Each Bank will supply the Agent with such information and in such detail as the Agent may require in order to calculate the Mandatory Cost Rate in accordance with Schedule 12 (Mandatory Costs).

• A notice under Clause 4.10 shall be irrevocable; and on the last Business Day of the interest period set by the Lender, the Borrower shall prepay (without premium or penalty) the Loan, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost Rate.

More Definitions of Mandatory Cost Rate

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

Mandatory Cost Rate with respect to any Loan or other Obligation booked outside the United States for any Interest Period, a rate per annum reflecting the cost to the Banks of complying with all reserve, special deposit, capital adequacy, solvency, liquidity ratios, fees or other requirements of or imposed by the Bank of England, the Financial Services Authority, the European Central Bank or any other governmental or regulatory authority for such Interest Period attributable to such Loan or Obligation (rounded up if necessary to 4 decimal places) as conclusively determined by the Administrative Agent.

Mandatory Cost Rate has the meaning provided in Schedule 3.08.

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 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 4.