Hedging Transaction. Within one hundred (120) days following the Effective Date, Borrowers shall enter into a Hedging Agreement sufficient, at the minimum, to cover fifty percent (50%) of the then aggregate outstanding principal amount of the Term Loan for a three-year period following the execution of such Hedging Agreement. The Hedging Agreement shall be in form and substance reasonably acceptable to the Agent.
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Samples: Joinder Agreement (PMFG, Inc.), Credit and Term Loan Agreement (Peerless Manufacturing Co)
Hedging Transaction. Within one hundred eighty (120180) days following the Effective Date, Borrowers Borrower shall enter into a Hedging Agreement Transaction sufficient, at the minimum, to cover fifty percent (50%) of the then aggregate outstanding principal amount of the Term Loan for a three-three year period following the execution consummation of such Hedging AgreementTransaction. The documents relating to such Hedging Agreement Transaction shall be in form and substance reasonably acceptable to the Agent.
Appears in 2 contracts
Samples: Credit Agreement (Noble International, Ltd.), Credit Agreement (Noble International, Ltd.)
Hedging Transaction. Within one hundred ninety (12090) days following the Effective Date, Borrowers the Borrower shall enter into a Hedging Agreement Transition sufficient, at the minimum, to cover fifty seventy five percent (5075%) of the then aggregate outstanding principal amount of the Term Loan for a threetwo-year period following the execution of such Hedging Agreement. The Hedging Agreement shall be in form and substance reasonably acceptable to the AgentBank.
Appears in 2 contracts
Samples: Credit Agreement (Brooklyn Cheesecake & Desert Com), Credit Agreement (Brooklyn Cheesecake & Desert Com)
Hedging Transaction. Within one hundred sixty (12060) days following the Effective Date, Borrowers shall enter into a Hedging Agreement sufficient, at the minimum, to cover fifty percent (50%) of the then aggregate outstanding principal amount of the Term Loan for a three-year period following until the execution of such Hedging AgreementTerm Loan Maturity Date. The Such Hedging Agreement shall is to be in form and substance reasonably acceptable to the AgentMajority Banks, and if such Hedging Agreement is not provided by a Bank, the Borrowers’ obligations thereunder shall not be secured with any of the assets of any Party.
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Samples: Revolving Credit and Term Loan Agreement (Staktek Holdings Inc)
Hedging Transaction. Within one hundred sixty (12060) days following the Effective Date, Borrowers shall enter into a Hedging Agreement sufficient, at the minimum, to cover fifty percent (50%) of the then aggregate outstanding principal amount of the Term Loan A for a three-three year period following the execution of such Hedging Agreement. The Hedging Agreement shall be in form and substance reasonably acceptable to the Agent.
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Hedging Transaction. Within one hundred ninety (12090) days following the Effective Date, Borrowers shall enter into a Hedging Agreement sufficient, at the minimum, to cover fifty percent Thirty Million Dollars (50%$30,000,000) of the then aggregate outstanding principal amount of the Term Loan A for a three-year period following the execution of such Hedging Agreement. The Hedging Agreement shall be in form and substance reasonably acceptable to the Agent.
Appears in 1 contract
Samples: Credit Agreement (Multimedia Games Holding Company, Inc.)
Hedging Transaction. Within one hundred ninety (12090) days following the Effective Date, the Borrowers shall enter into a Hedging Agreement sufficient, at the minimum, to cover fifty percent (50%) of the then aggregate outstanding principal amount of the Term Loan for a minimum of a three-year period following the execution of such Hedging Agreement. The Hedging Agreement shall be in form and substance reasonably acceptable to the Agent.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Archaea Energy Inc.)
Hedging Transaction. Within one hundred thirty (12030) days following the Effective Date, the Borrowers shall enter into a an interest rate Hedging Agreement sufficient, at the minimum, to cover fifty percent (50%) of the then aggregate outstanding principal amount of the Revolving Credit Advances as of the Effective Date and the Term Loan for a threetwo-year period following the execution of such Hedging Agreement. The Hedging Agreement shall be in form and substance reasonably acceptable to the Administrative Agent.
Appears in 1 contract
Samples: Revolving and Term Loan Credit Agreement (American Midstream Partners, LP)
Hedging Transaction. Within one hundred thirty (12030) days following the Effective Date, Borrowers the Borrower shall enter into a Hedging Agreement with Comerica Bank sufficient, at the minimum, to cover fifty percent (50%) of the then aggregate outstanding principal amount of the Term Loan for a three3-year period following the execution of such Hedging Agreement. The Hedging Agreement shall be in form and substance reasonably acceptable to the Agent.
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Hedging Transaction. Within one hundred ninety (12090) days following the Effective Date, the Borrowers shall enter into a Hedging Agreement sufficient, at the minimum, to cover fifty percent (50%) of the then aggregate outstanding principal amount of the Term Loan for a minimum of a three-year period following 119 the execution of such Hedging Agreement. The Hedging Agreement shall be in form and substance reasonably acceptable to the Agent.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Archaea Energy Inc.)
Hedging Transaction. Within one hundred forty-five (12045) days following the Amendment Effective Date, Borrowers shall enter into a Hedging Agreement sufficient, at the minimum, to cover fifty percent (50%) $50,000,000 of the then aggregate outstanding principal amount of the Term Loan for a three-year period following the execution of such Hedging Agreement. The Hedging Agreement shall be in form and substance reasonably acceptable to the Agent.
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