Increased costs clause: Difference between revisions
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imported>Doug Williamson (Create the page. Source: ACT syllabus.) |
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Revision as of 15:11, 9 February 2015
In loan documentation, a clause with the effect that if a lender suffers a cost or loss in relation to the facility as a result of a change in law or regulation, the borrower should indemnify it. The reasoning is based on the ‘cost plus’ approach to pricing loans.