Hedging Transaction. Within one hundred eighty (180) days following the Effective Date, Borrower shall enter into a Hedging Transaction sufficient, at the minimum, to cover fifty percent (50%) of the aggregate outstanding principal amount of the Term Loan for a three year period following the consummation of such Hedging Transaction. The documents relating to such Hedging 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 eighty (180120) days following the Effective Date, Borrower Borrowers shall enter into a Hedging Transaction Agreement 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 consummation execution of such Hedging TransactionAgreement. The documents relating to such Hedging Transaction Agreement shall be in form and substance reasonably acceptable to the Agent.
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (PMFG, Inc.), Revolving Credit and Term Loan Agreement (Peerless Manufacturing Co)
Hedging Transaction. Within one hundred eighty ninety (18090) days following the Effective Date, Borrower the Borrowers shall enter into a Hedging Transaction Agreement sufficient, at the minimum, to cover fifty percent (50%) of the aggregate outstanding principal amount of the Term Loan for a three minimum of a three-year period following the consummation execution of such Hedging TransactionAgreement. The documents relating to such Hedging Transaction Agreement shall be in form and substance reasonably acceptable to the Agent.
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (Archaea Energy Inc.), Revolving Credit and Term Loan Agreement (Archaea Energy Inc.)
Hedging Transaction. Within one hundred eighty ninety (18090) days following the Effective Date, the Borrower shall enter into a Hedging Transaction Transition sufficient, at the minimum, to cover fifty seventy five percent (5075%) of the aggregate outstanding principal amount of the Term Loan for a three two-year period following the consummation execution of such Hedging TransactionAgreement. The documents relating to such Hedging Transaction 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 eighty thirty (18030) days following the Effective Date, Borrower the Borrowers shall enter into a an interest rate Hedging Transaction Agreement sufficient, at the minimum, to cover fifty percent (50%) of the aggregate outstanding principal amount of the Revolving Credit Advances as of the Effective Date and the Term Loan for a three two-year period following the consummation execution of such Hedging TransactionAgreement. The documents relating to such Hedging Transaction 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)
