any govern mental authority charged
with the interpretation or administration thereof or in any directive of any
applicable fiscal or monetary authority (whether or not having the force of law)
shall change the basis of taxation of payments to the bank of the principal of
or interest on the loan or the note or in respect of any other amounts due under
this agreement or shall impose, modify or deem applicable any reserve, special
deposit or similar requirements against assets of, deposits with or for the
account of, or credit extended by , the bank, or shall impose on the bank or the
london interbank market any other condition affecting this agreement, the loan,
or the note and the result of any of the foregoing is to increase to cost to the
bank of making or maintaining the loan or to reduce the amount of any sum
receivable by the bank hereunder, then the borrower shall pay to the bank upon
its demand such additional amount or amounts as will compensate the bank for
such additional cost or reduction. a certificate of the bank setting forth the
basis for the determination of such amount necessary to compensate the bank as
aforesaid shall be delivered to the borrower and shall, save for manifest error
in computation or transmission, be conclusive as to such determination and such
amount.
section 4.7. change of law
notwithstanding any other provisions herein, in the event that any change in any
applicable law, rule or regulation or in the interpretation or administration
thereof by any governmental authority charged with the interpretation or
administration thereof shall make it unlawful for the bank to (i) honor its
commitment, or (ii) make or maintain the loan, the bank shall notify the
borrower and shall furnish the borrower, in writing, evidence certified by the
bank of such change. upon such notice by the bank to the borrower of the change,
the commitment of the bank shall terminate and the aggregate principal amount of
the loan and the note then outstanding, together with interest accrued thereon
and any other amounts payable to the bank under this agreement shall be repaid
on the interest payment date next succeeding the date of any such change or on
such earlier date as is specified by the bank.
article 5 representations and warranties
to induce the bank to enter into this agreement and to make and maintain t
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