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, which represents the cost to the Lender, relative to the Loan, 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 4 hereto;

Mandatory Cost Rate means the percentage rate per annum calculated by the Administrative Agent in accordance with Schedule 1.1 hereto.

Examples of Mandatory Cost Rate in a sentence

• The Mandatory Cost Rate will be calculated by the Administrative Agent as a weighted average of the Lenders’ Additional Cost Rates (weighted in proportion to the percentage participation of each Lender in the relevant Advance) and will be expressed as a percentage rate per annum.

• The Administrative Agent will, at the request of the Borrower or any Lender, deliver to the Borrower or such Lender as the case may be, a statement setting forth the calculation of any Mandatory Cost Rate.

• SCHEDULE II MANDATORY COST RATE Calculation of Mandatory Cost Rate 1.

• The Borrower shall have the right to replace each Lender affected by a condition under Sections 2.2(c)(v), 2.2(c)(viii), 2.9, 2.11 or 2.12 for more than 30 days, each Lender that is a Non-Consenting Lender under Section 2.19 and each Lender that is due interest based on the Mandatory Cost Rate (each such affected Lender, an “Affected Lender”) in accordance with the procedures in this Section 2.16 and provided that no reduction of the total Revolving Commitments occurs as a result thereof.

• The Administrative Agent shall distribute the additional amounts received as a result of the Mandatory Cost Rate to the Lenders on the basis of the Additional Cost Rate for each Lender based on the information provided by each Lender pursuant to paragraphs 3, 7 and 8 above.

More Definitions of Mandatory Cost Rate

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

Mandatory Cost Rate has the meaning provided in Schedule 3.08.

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 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 5 (Mandatory Cost Rate).