Common use of Floating Rate Debt Clause in Contracts

Floating Rate Debt. Permit the Consolidated Group to have outstanding Indebtedness for borrowed money that bears interest at a floating rate (including this Facility) in excess of $150,000,000 at all times during any six (6) month period, unless such excess shall thereafter be covered by a swap, interest rate cap or other interest rate protection product reasonably satisfactory to the Administrative Agent.

Floating Rate Debt. Permit the Consolidated Group to have outstanding Indebtedness for borrowed money that bears interest at a floating rate (including excluding this Facility) in excess of $150,000,000 25% of Total Indebtedness at all times during any six (6) month period, unless such excess shall thereafter be covered by a swap, interest rate cap or other interest rate protection product reasonably satisfactory to the Administrative Agent.