Common use of Hedging Requirements Clause in Contracts

Hedging Requirements. The Borrower shall maintain "Interest Rate Hxxxxx" (as defined below) on a notional amount of Indebtedness of the Borrower and its Subsidiaries which, when added to the aggregate principal amount of Indebtedness of the Borrower and its Subsidiaries which bears interest at a fixed rate, equals or exceeds 75% of the aggregate principal amount of all Indebtedness of the Borrower and its Subsidiaries. "Interest Rate Hxxxxx" shall mean interest rate exchange, collar, cap, swap, adjustable strike cap, adjustable strike corridor or similar agreements having terms, conditions and tenors reasonably acceptable to the Payment and Disbursement Agent entered into by the Borrower and/or its Subsidiaries in order to provide protection to, or minimize the impact upon, the Borrower and/or such Subsidiaries of increasing floating rates of interest applicable to Indebtedness.

Appears in 2 contracts

Samples: Credit Agreement (Simon Debartolo Group Inc), Credit Agreement (Simon Property Group L P /De/)

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Hedging Requirements. The Borrower shall maintain "Interest Rate Hxxxxx" Xxxxxx” (as defined below) on a notional amount of Indebtedness of the Borrower and its Subsidiaries which, when added to the aggregate principal amount of Indebtedness of the Borrower and its Subsidiaries which bears interest at a fixed rate, equals or exceeds 7560% of the aggregate principal amount of all Total Adjusted Outstanding Indebtedness of the Borrower and its Subsidiaries. "Interest Rate Hxxxxx" Xxxxxx” shall mean interest rate exchange, collar, cap, swap, adjustable strike cap, adjustable strike corridor or similar agreements having terms, conditions and tenors reasonably acceptable to the Payment and Disbursement Administrative Agent entered into by the Borrower and/or its Subsidiaries in order to provide protection to, or minimize the impact upon, the Borrower and/or such Subsidiaries of increasing floating rates of interest applicable to Indebtedness.

Appears in 2 contracts

Samples: Credit Agreement (Simon Property Group L P /De/), Credit Agreement (Simon Property Group L P /De/)

Hedging Requirements. The Borrower shall maintain "Interest Rate Hxxxxx-------------------- Xxxxxx" (as defined below) on a notional amount of Indebtedness of the Borrower and its Subsidiaries which, when added to the aggregate principal amount of Indebtedness of the Borrower and its Subsidiaries which bears interest at a fixed rate, equals or exceeds 75% of the aggregate principal amount of all Indebtedness of the Borrower and its Subsidiaries. "Interest Rate HxxxxxXxxxxx" shall -------------------- mean interest rate exchange, collar, cap, swap, adjustable strike cap, adjustable strike corridor or similar agreements having terms, conditions and tenors reasonably acceptable to the Payment and Disbursement Administrative Agent entered into by the Borrower and/or its Subsidiaries in order to provide protection to, or minimize the impact upon, the Borrower and/or such Subsidiaries of increasing floating rates of interest applicable to Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Simon Property Group L P /De/)

Hedging Requirements. The Borrower shall maintain "Interest Rate HxxxxxXxxxxx" (as defined below) on a notional amount of Indebtedness of the Borrower and its Subsidiaries which, when added to the aggregate principal amount of Indebtedness of the Borrower and its Subsidiaries which bears interest at a fixed rate, equals or exceeds 7560% of the aggregate principal amount of all Total Adjusted Outstanding Indebtedness of the Borrower and its Subsidiaries. "Interest Rate HxxxxxINTEREST RATE XXXXXX" shall mean interest rate exchange, collar, cap, swap, adjustable strike cap, adjustable strike corridor or similar agreements having terms, conditions and tenors reasonably acceptable to the Payment and Disbursement Agent entered into by the Borrower and/or its Subsidiaries in order to provide protection to, or minimize the impact upon, the Borrower and/or such Subsidiaries of increasing floating rates of interest applicable to Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Simon Property Group Inc /De/)

Hedging Requirements. The Borrower shall maintain "Interest Rate HxxxxxXxxxxx" (as defined below) on a notional amount of Indebtedness of the Borrower and its Subsidiaries which, when added to the aggregate principal amount of Indebtedness of the Borrower and its Subsidiaries which bears interest at a fixed rate, equals or exceeds 75% of the aggregate principal amount of all Indebtedness of the Borrower and its Subsidiaries. "Interest Rate HxxxxxINTEREST RATE XXXXXX" shall mean interest rate exchange, collar, cap, swap, adjustable strike cap, adjustable strike corridor or similar agreements having terms, conditions and tenors reasonably acceptable to the Payment and Disbursement Administrative Agent entered into by the Borrower and/or its Subsidiaries in order to provide protection to, or minimize the impact upon, the Borrower and/or such Subsidiaries of increasing floating rates of interest applicable to Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Simon Property Group L P /De/)

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Hedging Requirements. The Borrower shall maintain "Interest -------------------- Rate HxxxxxXxxxxx" (as defined below) on a notional amount of Indebtedness of the Borrower and its Subsidiaries which, when added to the aggregate principal amount of Indebtedness of the Borrower and its Subsidiaries which bears interest at a fixed rate, equals or exceeds 75% of the aggregate principal amount of all Indebtedness of the Borrower and its Subsidiaries. "Interest Rate HxxxxxXxxxxx" shall -------------------- mean interest rate exchange, collar, cap, swap, adjustable strike cap, adjustable strike corridor or similar agreements having terms, conditions and tenors reasonably acceptable to the Payment and Disbursement Administrative Agent entered into by the Borrower and/or its Subsidiaries in order to provide protection to, or minimize the impact upon, the Borrower and/or such Subsidiaries of increasing floating rates of interest applicable to Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Simon Property Group L P /De/)

Hedging Requirements. The Borrower shall maintain "Interest Rate Hxxxxx" Xxxxxx” (as defined below) on a notional amount of Indebtedness of the Borrower and its Subsidiaries which, when added to the aggregate principal amount of Indebtedness of the Borrower and its Subsidiaries which bears interest at a fixed rate, equals or exceeds 7560% of the aggregate principal amount of all Total Adjusted Outstanding Indebtedness of the Borrower Bor­rower and its Subsidiaries. "Interest Rate Hxxxxx" Xxxxxx” shall mean interest rate exchange, collar, cap, swap, adjustable strike cap, adjustable strike corridor or similar agreements having terms, conditions and tenors reasonably acceptable to the Payment and Disbursement Administrative Agent entered into by the Borrower and/or its Subsidiaries in order to provide protection to, or minimize the impact upon, the Borrower and/or such Subsidiaries Subsid­iaries of increasing floating rates of interest applicable to Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Simon Property Group L P /De/)

Hedging Requirements. The Borrower shall maintain "Interest Rate HxxxxxXxxxxx" (as defined below) on a notional amount of Indebtedness of the Borrower and its Subsidiaries which, when added to the aggregate principal amount of Indebtedness of the Borrower and its Subsidiaries which bears interest at a fixed rate, equals or exceeds 75% of the aggregate principal amount of all Total Adjusted Oustanding Indebtedness of the Borrower and its Subsidiaries. "Interest Rate HxxxxxINTEREST RATE XXXXXX" shall mean interest rate exchange, collar, cap, swap, adjustable strike cap, adjustable strike corridor or similar agreements having terms, conditions and tenors reasonably acceptable to the Payment and Disbursement Agent entered into by the Borrower and/or its Subsidiaries in order to provide protection to, or minimize the impact upon, the Borrower and/or such Subsidiaries of increasing floating rates of interest applicable to Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Simon Property Group L P /De/)

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