Cost Increase. 9.1 Any time after the Signing Date, if due to the promulgation or change of any laws and regulations or their interpretations, or due to the requirement of Relevant Regulators or other financial department or other government authorities which have jurisdiction over the lending activities hereunder: (1) Any Financing Party is required to pay any tax or other amounts for any amount payable or paid by the Borrower hereunder (not including the taxes and fees as mentioned in Article 8.3); (2) Cost is increased due to any Financing Party’s entering into this Agreement or assumption of obligations hereunder or due to unpaid Loan Funds by the Borrower; or (3) Received or receivable amount hereunder by any Financing Party is decreased, then, upon request of the Agent Bank, the Borrower shall compensate such Financing Party of such taxes, fees, increased cost or decreased amount. 9.2 If any Financing Party plans to request compensation according to Article 9.1, a proof shall be submitted to the Agent Bank after knowing the causes, stating in detail the basis and calculation method of such compensation, the Agent Bank shall notify the Borrower accordingly and provide a copy thereof.
Appears in 2 contracts
Sources: Syndicated Loan Agreement, Medium to Long Term Syndicated Loan Agreement (Daqo New Energy Corp.)