Currency Rate Protection Agreements Clause Samples

Currency Rate Protection Agreements. No later than ten (10) Business Days after the Initial Disbursement Date, and at all times thereafter the Borrower shall maintain in full force and effect Currency Rate Protection Agreements with Permitted Swap Providers (in form and substance reasonably satisfactory to the Administrative Agent) for an USD amount up to the amount to be defined by the average forward rate for 546,607,278 Nuevo Soles.