Common use of Mitigation 15 Clause in Contracts

Mitigation 15. 1.1. Each Finance Party shall, in consultation with the Borrowers, take all reasonable steps to mitigate any circumstances which arise and which would result in any amount becoming payable under or pursuant to, or cancelled pursuant to, any of clause 7.1 (Illegality), clause 12 (Tax Gross- up and Indemnities) or clause 13 (Increased Costs) including (but not limited to) transferring its rights and obligations under the Finance Documents to another Affiliate or Facility Office.

Mitigation 15. 1.1. 1.1 Each Finance Party shall, in consultation with the BorrowersBorrower, take all reasonable steps to mitigate any circumstances which arise and which would result in any amount becoming payable under or pursuant to, or cancelled pursuant to, any of clause 7.1 Clause 12 (Illegality), clause 12 (Tax Gross- up and Indemnities) or clause Clause 13 (Increased Costs) including or Clause 14 (Taxes), including, but not limited to) , transferring its rights and obligations under the Finance Financing Documents to another Affiliate affiliate or Facility Office.

Mitigation 15. 1.1. Each Finance Party shall, in consultation with the BorrowersBorrower, take all reasonable steps to mitigate any circumstances which arise and which would result in any amount becoming payable under or pursuant to, or cancelled pursuant to, any of clause Clause 7.1 (Mandatory prepayment - Illegality), clause Clause 12 (Tax Gross- gross-up and Indemnitiesindemnities) or clause Clause 13 (Increased Costscosts) including (but not limited to) transferring its rights and obligations under the Finance Documents to another Affiliate or Facility Officean Affiliate.