Common use of Banking Practices Clause in Contracts

Banking Practices. Each Bank and each Issuing Bank agrees that upon the occurrence of any of the events described in Section 2.02 (c) and/or 2.10 (b) (i), (ii) or (iii), (d) or (e), such Bank or such Issuing Bank will exercise all reasonable efforts to take such reasonable actions at no expense to such Bank or such Issuing Bank (other than expenses which are covered by the Borrower's advance deposit of funds with such Bank or such Issuing Bank for such purpose, or if such Bank or such Issuing Bank agrees, which the Borrower has agreed to pay or reimburse to such Bank or such Issuing Bank in full upon demand), in accordance with such Bank's or such Issuing Bank's usual banking practices in such situations and subject to any statutory or regulatory requirements applicable to such Bank or such Issuing Bank, as such Bank or such Issuing Bank may take without the consent or participation of any other Person to, in the case of an event described in Section 2.02 (c) and/or (d) or (e), mitigate the cost of such events to the Borrower and, in the case of an event described in Section 2.10 (b) (i), (ii) or (iii), to seek Dollar deposits in any other interbank Libor market in which such Bank regularly participates and in which the applicable determination(s) described in Section 2.10 (b) (i), (ii) or (iii), as the case may be, does not apply.