Hedging Facilities Sample Clauses

Hedging Facilities. If the aggregate principal amount of Revolving Credit Loans outstanding reaches at any time an amount equal to or greater than $15,000,000, the Lenders may require that the Company, at its sole cost and expense, enter into and thereafter maintain in full force and effect interest rate cap agreements in such amounts and on such terms as shall reasonably be requested by the Agent.

Hedging Facilities. The Borrower will, at its sole cost and expense not later than 60 days following the Acquisition Date, enter into and thereafter maintain in full force and effect interest rate cap or swap agreements or similar agreements on such terms as shall be reasonably acceptable to the Administrative Agent and that shall result in the interest rate payable on not less than (i) at any time prior to the Consummation Date, 30% of Total Debt at such time and (ii) at any time on and after the Consummation Date, 40% of Total Debt at such time, being effectively (or in fact) fixed.

Hedging Facilities. Not later than 180 days after the Closing Date the Borrower will have entered into and thereafter maintain in full force and effect interest rate agreements in such amounts and on such terms as shall result in effectively limiting the interest cost to the Borrower on not less than 50% of Total Borrowed Funds for a period of three years beginning on such date, all on terms and conditions reasonably satisfactory to the Required Lenders.

Hedging Facilities. No later than ninety (90) days after the Closing Date, the Borrower will enter into and maintain in full force and effect one or more hedging agreements in such amounts and on such terms as shall result in effectively limiting the cost to the Borrower of changes in LIBOR with respect to an aggregate notional principal amount not less than 50% of the aggregate principal amount of the Term Loans outstanding on the Closing Date for a period of at least two (2) years beginning on the Closing Date. The Borrower will not and will not permit any of its Subsidiaries to, incur any Hedging Liabilities except for purposes of hedging and not for speculative purposes.

Hedging Facilities. Not later than 60 days after the Effective Date the Borrowers will have entered into and thereafter maintain in full force and effect interest rate agreements, swaps, caps or other appropriate hedging arrangements in such amounts and on such terms as to convert to fixed rate or otherwise limit, in a manner satisfactory to the Agent, the floating interest rate risk on at least 662/3% in aggregate principal amount of all Term Loans outstanding from time to time for a period of no less than three years beginning on such date, all on terms and conditions reasonably satisfactory to the Required Lenders.

Hedging Facilities. Upon the request of the Required Lenders, the Company will, at its sole cost and expense, enter into and thereafter maintain in full force and effect interest rate cap agreements in such amounts and on such terms as shall reasonably be requested by the Required Lenders.

Hedging Facilities. New Valero will enter into and thereafter maintain in full force and effect interest rate cap agreements to the extent necessary in order that, when such agreements are taken in conjunction with any interest rate hedging arrangements theretofore in effect and any Debt which by its terms bears interest at a fixed rate, the interest cost will be effectively fixed or capped on not less than 25% of the Debt of New Valero and its Subsidiaries from time to time outstanding. Any such agreements required hereunder shall be in effect not later than 60 calendar days after the Assumption Date and shall be on terms and conditions reasonably satisfactory to the Required Banks.

Hedging Facilities. The Borrower will enter into and maintain in full force and effect interest rate hedging arrangements reasonably satisfactory to the Agents to the extent, if any, required so that at least 40% of Consolidated Debt for Borrowed Money (excluding Guarantees referred to in clause (z) of the definition of "Consolidated Debt for Borrowed Money") will be either fixed rate debt or floating rate debt hedged to a fixed rate by such hedging arrangements.

Hedging Facilities. The Company will maintain in full force and effect its existing interest rate cap agreement with NationsBank, N.A. and, upon the expiration thereof, the Company will, at its sole cost and expense, enter into and thereafter maintain in full force and effect interest rate cap agreements in such amounts and on such terms as shall reasonably be requested by the Required Lenders.