Interest hedging. a) The Borrower shall not enter into any interest hedging arrangements or Swap Agreements with other parties than the Swap Banks, subject to such interest hedging arrangements being offered on competitive terms.
Appears in 3 contracts
Samples: Assignment Agreement (NORDIC AMERICAN TANKERS LTD), Facility Agreement (Nordic American Offshore Ltd.), Facility Agreement (Nordic American Offshore Ltd.)
Interest hedging. a) The Borrower Borrowers shall not enter into any interest hedging arrangements or Swap Hedging Agreements with other parties than the Swap BanksHedging Bank, subject to such interest hedging arrangements being offered on competitive terms.
Appears in 2 contracts
Samples: Facility Agreement (DHT Holdings, Inc.), Facility Agreement (DHT Holdings, Inc.)
Interest hedging. a) The Borrower shall not enter into any interest hedging arrangements or Swap Agreements with other parties than the Swap BanksBank, subject to such interest hedging arrangements being offered on competitive terms.
Appears in 2 contracts
Samples: Assignment Agreement (DHT Holdings, Inc.), Assignment Agreement (DHT Holdings, Inc.)
