Additional Reserve Requirements. The Borrower shall pay to each Lender, as long as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any central banking or financial regulatory authority imposed in respect of the maintenance of the Revolving Credit Commitment or the funding of the Eurocurrency Rate Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Revolving Credit Commitment or Eurocurrency Rate Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Eurocurrency Rate Loan, provided the Borrower shall have received at least ten (10) days prior notice (with a copy to the Administrative Agent) of such additional costs from such Lender. If a Lender fails to give notice ten (10) days prior to the relevant payment date, such additional costs shall be due and payable ten (10) days from receipt of such notice.
Additional Reserve Requirements. The Borrower shall pay to each Lender, as long as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any central banking or financial regulatory authority imposed in respect of the maintenance of the Revolving Credit Commitment or the funding of the Eurocurrency Rate Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Revolving Credit Commitment or Eurocurrency Rate Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Eurocurrency Rate Loan, provided the Borrower shall have received at least ten (10) daysdays' prior notice (with a copy to the Administrative Agent) of such additional costs from such Lender. If a Lender fails to give notice ten (10) days prior to the relevant payment date, such additional costs shall be due and payable ten (10) days from receipt of such notice.
Additional Reserve Requirements. The BorrowerCompany shall pay (or cause the applicable Designated Borrower to pay) to each Lender, # as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each Eurocurrency Rate Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive absent demonstrable error), and # as long as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any central banking or financial regulatory authority imposed in respect of the maintenance of the Revolving Credit CommitmentCommitments or the funding of the Eurocurrency Rate Loans,Loans (other than to the extent required to be reimbursed pursuant to the [foregoing [clause (i)]]), such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Revolving Credit Commitment or Eurocurrency Rate Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive)conclusive absent demonstrable error), which in each case shall be due and payable on each date on which interest is payable on such Eurocurrency Rate Loan, provided the BorrowerCompany shall have received at least ten (10) days10 days’ prior notice (with a copy to the Administrative Agent) of such additional interest or costs from such Lender. If a Lender fails to give notice ten (10)10 days prior to the relevant payment date,Interest Payment Date, such additional interest or costs shall be due and payable ten (10)10 days from receipt of such notice.
Additional Reserve Requirements. The Borrower shall pay to each Lender, # as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits, additional interest on the unpaid principal amount of each applicable Eurocurrency Rate Loan of the Borrower equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive in the absence of manifest error), and # as long as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any other central banking or financial regulatory authority imposed in respect of the maintenance of the Revolving Credit CommitmentCommitments or the funding of theany Eurocurrency Rate Loans,Loans of the Borrower, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Revolving Credit Commitment or Eurocurrency Rate Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive),conclusive absent manifest error) which in each case shall be due and payable on each date on which interest is payable on such Eurocurrency Rate Loan, provided the Borrower shall have received at least ten (10) daysfifteen (15) days’ prior notice (with a copy to the Administrative Agent) of such additional costsinterest or cost from such Lender. If a Lender fails to give notice ten (10)fifteen (15) days prior to the relevant payment date,Interest Payment Date, such additional costsinterest or cost shall be due and payable ten (10)fifteen (15) days from receipt of such notice.
Additional Reserve Requirements. The Borrower shall pay to each Lender, # as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency Liabilities”), additional interest on the unpaid principal amount of each Eurodollar Rate Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), and # as long as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any other central banking or financial regulatory authority imposed in respect of the maintenance of the Revolving Credit CommitmentCommitments or the funding of the EurocurrencyEurodollar Rate Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Revolving Credit Commitment or Eurocurrency Rate Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which in each case shall be due and payable on each date on which interest is payable on such Eurocurrency Rate Loan, provided the Borrower shall have received at least ten (10) days15 days’ prior notice (with a copy to the Administrative Agent) of such additional interest or costs from such Lender. If a Lender fails to give notice ten (10)15 days prior to the relevant payment date,Interest Payment Date, such additional interest or costs shall be due and payable ten (10)15 days from receipt of such notice.
Additional Reserve Requirements. The Borrower shall pay to each Lender, as long as suchIf any Lender shall beis required to comply with any reserve ratio requirement or analogous requirement of any central banking or financial regulatory authorityGovernmental Authority imposed in respect of the maintenance of the Revolving Credit CommitmentCommitments or the funding of the Eurocurrency Rate Loans, the Company shall pay (or cause the Designated Borrower to pay) to such Lender such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Revolving Credit Commitment or Eurocurrency Rate Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive)conclusive in the absence of demonstrable error), which shall be due and payable on each date on which interest is payable on such Eurocurrency Rate Loan, provided the BorrowerBorrowers shall have received at least ten (10) days15 days’ prior notice (with a copy to the Administrative Agent) of such additional costs from such Lender. If a Lender fails to give notice ten (10)15 days prior to the relevant payment date,Interest Payment Date, such additional interest or costs shall be due and payable ten (10)15 days from receipt of such notice.
Additional Reserve Requirements. The Borrower shall pay to each Lender, # as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eeurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each Eurocurrency Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), and # as long as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any central banking or financial regulatory authority imposed in respect of the maintenance of the Revolving Credit CommitmentCommitments or the funding of the Eurocurrency Rate Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Revolving Credit Commitment or Eurocurrency Rate Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which in each case shall be due and payable on each date on which interest is payable on such Eurocurrency Rate Loan, provided the Borrower shall have received at least ten (10) daysdays’ prior notice (with a copy to the Administrative Agent) of such additional interest or costs from such Lender. If a Lender fails to give notice ten (10) days prior to the relevant payment date,Interest Payment Date, such additional costsinterest shall be due and payable ten (10) days from receipt of such notice.
Additional Reserve Requirements. The BorrowerCompany shall pay to each Lender,Bank, # as long as such LenderBank shall be required to maintain reserves with respect to liabilities or assets consisting of or including eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each Eurocurrency Rate Loan equal to the actual costs of such reserves allocated to such Loan by such Bank (as determined by such Bank in good faith, which determination shall be conclusive absent manifest error), and # as long as such Bank shall be required to comply with any reserve ratio requirement or analogous requirement of any central banking or financial regulatory authority imposed in respect of the maintenance of the Revolving Credit CommitmentCommitments or the funding of the Eurocurrency Rate Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Revolving Credit Commitment or Eurocurrency Rate Loan by such LenderBank (as determined by such LenderBank in good faith, which determination shall be conclusive), which in each case shall be due and payable on each date on which interest is payable on such Eurocurrency Rate Loan, provided the BorrowerCompany shall have received at least ten (10) daysdays’ prior notice (with a copy to the Administrative Agent) of such additional interest or costs from such Lender.Bank. If a LenderBank fails to give notice ten (10) days prior to the relevant payment date,Interest Payment Date, such additional costsinterest shall be due and payable ten (10) days from receipt of such notice.
Additional Reserve Requirements. The Borrower shall pay (or cause the applicable Borrower to pay) to each Lender, # as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each Eurodollar Rate Loan equal to the actual costs of such reserves allocated to such Eurodollar Rate Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive absent manifest error), and # as long as such Lender shall be required to comply with any other reserve ratio requirement or analogous requirement of any central banking or financial regulatory authority imposed in respect of the maintenance of the Revolving Credit Commitmentcommitments or the funding of the EurocurrencyEurodollar Rate Loans, Alternative Currency Loans, Canadian Swing Line Loans or U.K. Swing Line Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Revolving Credit Commitmentcommitment or Eurocurrency Rate Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive)conclusive, absent manifest error), which shall be due and payable on each date on which interest is payable on such Eurocurrency Rate Loan, provided the BorrowerLoan; provided, that, shall have received at least ten (10) daysfifteen (15) days’ prior notice (with a copy to the Administrativeapplicable Agent) of such additional costs from such Lender. If a Lender fails to give notice ten (10)fifteen (15) days prior to the relevant payment date,Interest Payment Date, such additional costs shall be due and payable ten (10)fifteen (15) days from receipt of such notice.
Additional Reserve Requirements. The Borrower shall pay to each Lender, # as long as such Lender shall be required to maintain reserves, capital or liquidity with respect to liabilities or assets consisting of or including funds or deposits, additional interest on the unpaid principal amount of each applicable Eurocurrency Rate Loan or Term SOFR Revolving Loan, as applicable, of the Borrower equal to the actual costs of such reserves, capital or liquidity allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive in the absence of manifest error), and # as long as such Lender shall be required to comply with any reserve ratioratio, capital or liquidity requirement or analogous requirement of any other central banking or financial regulatory authority imposed in respect of the maintenance of the Revolving Credit CommitmentCommitments or the funding of theany Eurocurrency Rate Loans or Term SOFR Revolving Loans, as applicable, of the Borrower, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Revolving Credit Commitment or Eurocurrency Rate Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive),conclusive absent manifest error) which in each case shall be due and payable on each date on which interest is payable on such Eurocurrency Rate Loan,Loan; provided the Borrower shall have received at least ten (10) daysfifteen (15) days’ prior notice (with a copy to the Administrative Agent) of such additional costsinterest or cost from such Lender. If a Lender fails to give notice ten (10)fifteen (15) days prior to the relevant payment date,Interest Payment Date, such additional costsinterest or cost shall be due and payable ten (10)fifteen (15) days from receipt of such notice.
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.