Delivery conditions precedent. 3.3.1 Whether or not a Drawing is advanced on the Delivery Date, the Borrower undertakes to deliver or to cause to be delivered to the Agent on the Delivery Date the additional documents and other evidence listed in Part 3 of Schedule 3. 3.3.2 The Borrower shall on the Delivery Date enter into a spot start Swap Agreement or Swap Agreements with each of the Swap Providers to ensure that, together with the forward starting swap agreements, no less than ninety-five per cent (95%) of its interest rate exposure under the Loan is hedged.
Appears in 4 contracts
Samples: Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.)
