Common use of Interest Rate Contracts Clause in Contracts

Interest Rate Contracts. Not later than ninety (90) days after the Closing Date, execute Interest Rate Contracts with respect to interest rate exposure under this Agreement with durations of at least three (3) years and an aggregate notional principal amount thereunder equal to at least fifty percent (50%) of the Aggregate Commitment at interest rates satisfactory to the Administrative Agent and with a Lender or other counterparty reasonably satisfactory to the Administrative Agent and otherwise in form and substance reasonably satisfactory to the Administrative Agent.

Interest Rate Contracts. Not later than ninety (90) days after the Closing Date, execute continue, or if necessary, enter into, and maintain at all times thereafter for a period of not less than two years, Interest Rate Contracts with respect to interest rate exposure under this Agreement with durations of at least three (3) years and an aggregate notional principal amount thereunder equal to at least fifty percent (50%) of the Aggregate Commitment at interest rates satisfactory Persons acceptable to the Administrative Agent in an amount sufficient to cause at least 50% percent of the aggregate principal amount of outstanding Indebtedness for borrowed money of Holdings and with a Lender or other counterparty reasonably satisfactory its Subsidiaries to the Administrative Agent and otherwise in form and substance reasonably satisfactory to the Administrative Agentbe fixed rate Indebtedness.

Interest Rate Contracts. Not later than ninety (90) days after the Closing Date, execute Interest Rate Contracts with respect to interest rate exposure under this Agreement with durations of at least three (3) 3 years and an aggregate notional principal amount thereunder equal to at least fifty percent (50%) of the Aggregate Commitment at interest rates satisfactory to the Administrative Agent and with a Lender or other counterparty Term Loans on terms reasonably satisfactory to the Administrative Agent and otherwise in form and substance reasonably satisfactory to the Administrative Agent.