Common use of Interest Rate Contracts Clause in Contracts

Interest Rate Contracts. Unless otherwise agreed by the Administrative Agent, the Borrower shall use commercially reasonable efforts to have entered into within 90 days of the Closing Date, 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 for a term of not less than 3 years and for a notional amount up to 50% of the aggregate principal amount of the First Lien Term Loans.

Interest Rate Contracts. Unless otherwise agreed by the Administrative AgentAgents, the Borrower shall use commercially reasonable efforts to have entered into within 90 days of the Closing Date, and thereafter maintain, Interest Rate Contracts on terms and with counterparties reasonably satisfactory to the Administrative AgentAgents, to provide protection against fluctuation of interest rates for a term of not less than 3 years and for a notional amount up to 50% of the aggregate principal amount of the First Lien Term LoansLoan.

Interest Rate Contracts. Unless otherwise agreed by the Administrative AgentThe Borrowers shall, the Borrower shall use commercially reasonable efforts to have entered into within 90 days of after the Closing Date, enter into and thereafter maintain, maintain Interest Rate Contracts on terms and with counterparties reasonably satisfactory to the Administrative Agent, to provide protection against fluctuation of interest rates for a term until the 2nd anniversary of not less than 3 years and the Closing Date for a notional amount up that, when added to the aggregate principal amount of Consolidated Total Debt of the Borrowers bearing interest at a fixed rate, equals at least 50% of the aggregate principal amount of the First Lien Term Loans.

Interest Rate Contracts. Unless otherwise agreed by the Administrative AgentBorrower shall, the Borrower shall use commercially reasonable efforts to have entered into within 90 days of after the Closing Date, enter into and thereafter maintain, maintain Interest Rate Contracts Agreements on terms and with counterparties reasonably satisfactory to the Administrative Agent, to provide protection against fluctuation of interest rates for a term until the 2nd anniversary of not less than 3 years and the Closing Date for a notional amount up to that equals at least 50% of the aggregate principal amount of the Term Loans and First Lien Term LoansLoans made on the Closing Date.

Interest Rate Contracts. Unless otherwise agreed by the Administrative AgentThe Borrower shall, the Borrower shall use commercially reasonable efforts to have entered into within 90 days of after the Closing Date, enter into and thereafter maintain, maintain Interest Rate Contracts on terms and with counterparties reasonably satisfactory to the Administrative Agent, to provide protection against fluctuation of interest rates for a term until the 2nd anniversary of not less than 3 years and the Closing Date for a notional amount up that, when added to the aggregate principal amount of Consolidated Total Debt of the Borrower bearing interest at a fixed rate, equals at least 50% of the aggregate principal amount of the First Lien Term Loans.

Interest Rate Contracts. Unless otherwise agreed by the Administrative AgentBorrower shall, the Borrower shall use commercially reasonable efforts to have entered into within 90 days of after the Closing Date, enter into and thereafter maintain, maintain Interest Rate Contracts Agreements on terms and with counterparties reasonably satisfactory to the Administrative Agent, to provide protection against fluctuation of interest rates for a term until the 2nd anniversary of not less than 3 years and the Closing Date for a notional amount up to that equals at least 50% of the aggregate principal amount of the First Term Loans and Second Lien Term LoansLoans made on the Closing Date.

Interest Rate Contracts. Unless otherwise agreed by the Administrative AgentThe Borrower shall, the Borrower shall use commercially reasonable efforts to have entered into within 90 days of after the Closing Date, enter into and thereafter maintain, maintain Interest Rate Contracts on terms and with counterparties reasonably satisfactory to the Administrative Agent, to provide protection against fluctuation of interest rates for a term until the 3rd anniversary of not less than 3 years and the Closing Date for a notional amount up equal to at least 50% of the aggregate principal amount of the First Lien Term LoansLoan Facility.

Interest Rate Contracts. Unless otherwise agreed by the Administrative AgentThe Borrower shall, the Borrower shall use commercially reasonable efforts to have entered into within 90 days of after the Closing Date, enter into and thereafter maintain, maintain Interest Rate Contracts on terms and with counterparties reasonably satisfactory to the Administrative Agent, to provide protection against fluctuation of interest rates for a term until the 2nd anniversary of not less than 3 years and the Closing Date for a notional amount up to that equals at least 50% of the aggregate principal amount of the First Term Loan Facility and the Second Lien Term LoansFacility.