Hedging Requirements. Within five (5) Domestic Business Days after the last day of each calendar quarter, the Borrower shall have in effect "Interest Rate Xxxxxx" on Borrower Debt so that Borrower's Floating Rate Indebtedness shall not exceed twenty percent (20%)
Appears in 2 contracts
Samples: Credit Agreement (Smith Charles E Residential Realty Lp), Assignment and Assumption Agreement (Smith Charles E Residential Realty Lp)
Hedging Requirements. Within five (5) Domestic Business Days after the last day of each calendar quarter, commencing March 31, 1998, the Borrower shall have in effect "Interest Rate Xxxxxx" on Borrower Debt so that Borrower's Floating Rate Indebtedness shall not exceed twenty percent (20%)
Appears in 2 contracts
Samples: Credit Agreement (Smith Charles E Residential Realty Inc), Credit Agreement (Smith Charles E Residential Realty Lp)
