Common use of No additional costs Clause in Contracts

No additional costs. If a Lender transfers any part of its Contribution and/or Commitment or sub-participates any part of its rights and/or obligations under the Finance Documents or changes it lending office pursuant to this Clause 26 and as a result of circumstances existing at the date the transfer, sub participation or change occurs, the Borrowers would be obliged to make an increased payment to that Lender under any applicable Clauses of this Agreement, then that Lender is only entitled to receive payment under those Clauses to the same extent as the Lender would have been if the transfer, sub-participation or change of lending office had not occurred.

Appears in 3 contracts

Sources: Amending and Restating Agreement (TBS International PLC), Amending and Restating Agreement (TBS International PLC), Loan Agreement (TBS International LTD)