Common use of Interest Rate Contracts Clause in Contracts

Interest Rate Contracts. The Borrower shall, within 60 days after the Closing Date, enter into and thereafter maintain Interest Rate Contracts on terms and with counterparties reasonably satisfactory to the Administrative Agent, to provide protection against fluctuation of interest rates until the third anniversary of the Closing Date for a notional amount that, when added to the aggregate principal amount of Consolidated Total Debt of Holdings bearing interest at a fixed rate, equals at least 35% of the aggregate principal amount of the Consolidated Total Debt of Holdings..

Interest Rate Contracts. The Borrower shall, within 60 30 days after the Closing Date, enter into and thereafter maintain an Interest Rate Contracts Contract or Contracts, on terms and with counterparties reasonably satisfactory to the Administrative Agent, to provide protection against fluctuation of interest rates until the third anniversary extent necessary to ensure that no less than 50% of the Closing Date for a notional amount that, when added to Borrower’s Consolidated Indebtedness (other than “Revolving Credit Outstandings” as defined in the aggregate principal amount of Consolidated Total Debt of Holdings bearing First Lien Credit Agreement) effectively bears interest at a fixed rate, equals rate for a term of at least 35% of three consecutive years following the aggregate principal amount of the Consolidated Total Debt of Holdings..date thereof.

Interest Rate Contracts. The Each Borrower shall, within 60 30 days after the Closing Date, enter into and thereafter maintain Interest Rate Contracts on terms and with counterparties reasonably satisfactory to the Administrative Agent, to provide protection against fluctuation of interest rates until the third anniversary of the Closing Scheduled Maturity Date for a notional amount that, when added to the aggregate principal amount of Consolidated Total Debt of Holdings Parent bearing interest at a fixed rate, equals at least 3575% of the aggregate principal amount of the Consolidated Total Debt of Holdings..Parent.

Interest Rate Contracts. The Borrower shall, within 60 90 days after the Closing Date, enter into and thereafter maintain Interest Rate Contracts Agreements on terms and with counterparties reasonably satisfactory to the Administrative Agent, to provide protection against fluctuation of interest rates until the third 2nd anniversary of the Closing Date for a notional amount that, when added to the aggregate principal amount of Consolidated Total Debt of Holdings bearing interest at a fixed rate, that equals at least 3550% of the aggregate principal amount of the Consolidated Total Debt of Holdings..Term Loans and Second Lien Loans made on the Closing Date.

Interest Rate Contracts. The Borrower shall, within 60 120 days after the Closing Date, enter into and thereafter maintain Interest Rate Contracts on terms and with counterparties reasonably satisfactory to the Administrative Agent, to provide protection against fluctuation of interest rates until the third 2nd anniversary of the Closing Date for a notional amount that, when added to the aggregate principal amount of Consolidated Total Debt of Holdings bearing interest at a fixed rate, that equals at least 3550% of the aggregate principal amount of the Consolidated Total Debt of Holdings..Term Loan Facility as defined herein and the Term Loan Facility as defined in the First Lien Credit Agreement.

Interest Rate Contracts. The Borrower shall, within 60 days after the Closing Date, enter into and thereafter maintain Interest Rate Contracts on terms and with counterparties reasonably satisfactory to the Administrative Agent, to provide protection against fluctuation of interest rates until the third (3rd) anniversary of the Closing Date for a notional amount that, when added to the aggregate principal amount of Consolidated Total Debt of Holdings Parent bearing interest at a fixed rate, equals at least 3550% of the aggregate principal amount of the Consolidated Total Debt of Holdings..Parent.

Interest Rate Contracts. The Each Borrower shall, within 60 30 days after the Closing Date, enter into and thereafter maintain Interest Rate Contracts on terms and with counterparties reasonably satisfactory to the Administrative Agent, to provide protection against fluctuation of interest rates until the third anniversary of the Closing Date for a notional amount that, when added to the aggregate principal amount of Consolidated Total Debt of Holdings bearing interest at a fixed rate, equals at least 35% of the aggregate principal amount of the Consolidated Total Debt of Holdings..Scheduled Maturity Date.

Interest Rate Contracts. The Borrower shall, within 60 30 days after the Closing Date, enter into and thereafter maintain an Interest Rate Contracts Contract or Contracts, on terms and with counterparties reasonably a tenor satisfactory to the Administrative Agent, to provide protection against fluctuation of interest rates until the third anniversary of the Closing Date for covering a notional amount that, when added sufficient to the aggregate principal amount of Consolidated Total Debt of Holdings bearing interest at a fixed rate, equals ensure that at least 3550% of the aggregate principal amount Financial Covenant Debt of the Consolidated Total Debt of Holdings..Borrower is effectively paid on a fixed-rate basis.

Interest Rate Contracts. The Borrower shall, within 60 days after the Closing Date, enter into and thereafter maintain Interest Rate Contracts on terms and with counterparties reasonably satisfactory to the Administrative Agent, to provide protection against fluctuation of interest rates until the third anniversary of the Closing Date for a notional amount that, when added to the aggregate principal amount of Consolidated Total Debt of Holdings bearing interest at a fixed rate, equals at least 35% of the aggregate principal amount of the Consolidated Total Debt of Holdings...

Interest Rate Contracts. The Borrower shall, within 60 90 days after the Closing Date, enter into and thereafter maintain Interest Rate Contracts on terms and with counterparties reasonably satisfactory to the Administrative Agent, to provide protection against fluctuation of interest rates until the third 3rd anniversary of the Closing Date for a notional amount that, when added equal to the aggregate principal amount of Consolidated Total Debt of Holdings bearing interest at a fixed rate, equals at least 3550% of the aggregate principal amount of the Consolidated Total Debt of Holdings..Term Loan Facility.

Interest Rate Contracts. The Borrower shall, within 60 30 days after the Closing Date, enter into and thereafter maintain an Interest Rate Contracts Contract or Contracts, on terms and with counterparties reasonably satisfactory to the Administrative Agent, to provide protection against fluctuation of interest rates until the third anniversary extent necessary to ensure that no less than 50% of the Closing Date for a notional amount that, when added to Borrower’s Consolidated Indebtedness (other than the aggregate principal amount of Consolidated Total Debt of Holdings bearing Revolving Credit Outstandings) effectively bears interest at a fixed rate, equals rate for a term of at least 35% of three consecutive years following the aggregate principal amount of the Consolidated Total Debt of Holdings..date thereof.