Yield Protection Illegality Etc Clause Samples

The "Yield Protection; Illegality; Etc" clause is designed to safeguard a lender’s expected returns and address situations where changes in law or regulations affect the terms of a loan. It typically allows the lender to adjust interest rates, fees, or other terms if new laws increase their costs or make it illegal to continue the loan as originally agreed. For example, if a change in banking regulations imposes additional reserve requirements or taxes, the lender can pass these costs on to the borrower. The core function of this clause is to allocate the risk of regulatory changes, ensuring that lenders are not financially disadvantaged by unforeseen legal developments.
Yield Protection Illegality Etc. Section 3.01 Additional Costs Section 3.02 Limitation on Types of Loans Section 3.03 Illegality Section 3.04 Certain Conversions Section 3.05 Certain Compensation Section 3.06 HLT Classification
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Yield Protection Illegality Etc. 20 Section 3.01
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Yield Protection Illegality Etc. Section 4.01. Additional Costs Section 4.02. Limitation on Types of Loans Section 4.03. Illegality Section 4.04. Certain Conversions pursuant to Sections 4.0 and 4.03 Section 4.05. Certain Compensation
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Yield Protection Illegality Etc. Section 3.01. Additional Costs Section 3.02. Limitation on Types of Loans
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Yield Protection Illegality Etc. 17 Section 3.1. Alternate Rate of Interest...........................
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Yield Protection Illegality Etc 
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Related to Yield Protection Illegality Etc

  • Yield Protection and Illegality 49 Section 4.1

  • Taxes Yield Protection and Illegality 3.01 Taxes.

  • Yield Protection Etc Section 4.1. Additional Costs; Capital Adequacy Section 4.2. Suspension of LIBOR Loans

  • Taxes Increased Costs Protection and Illegality Section 3.01

  • Yield Protection If, on or after the date of this Agreement, the adoption of any law or any governmental or quasi-governmental rule, regulation, policy, guideline or directive (whether or not having the force of law), or any change in the interpretation or administration thereof by any governmental or quasi-governmental authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by any Lender or applicable Lending Installation with any request or directive (whether or not having the force of law) of any such authority, central bank or comparable agency: (i) subjects any Lender or any applicable Lending Installation to any Taxes, or changes the basis of taxation of payments (other than with respect to Excluded Taxes) to any Lender in respect of its Eurodollar Loans, or (ii) imposes or increases or deems applicable any reserve, assessment, insurance charge, special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by, any Lender or any applicable Lending Installation (other than reserves and assessments taken into account in determining the interest rate applicable to Eurodollar Advances), or (iii) imposes any other condition the result of which is to increase the cost to any Lender or any applicable Lending Installation of making, funding or maintaining its Eurodollar Loans or reduces any amount receivable by any Lender or any applicable Lending Installation in connection with its Eurodollar Loans, or requires any Lender or any applicable Lending Installation to make any payment calculated by reference to the amount of Eurodollar Loans held or interest received by it, by an amount deemed material by such Lender, and the result of any of the foregoing is to increase the cost to such Lender or applicable Lending Installation of making or maintaining its Eurodollar Loans or Commitment or to reduce the return received by such Lender or applicable Lending Installation in connection with such Eurodollar Loans or Commitment, then, within 15 days of demand by such Lender, the Borrower shall pay such Lender such additional amount or amounts as will compensate such Lender for such increased cost or reduction in amount received.