Interest Rate Hedge Transactions. Within ninety (90) days after the final Advance under Facility C the Borrower shall enter into one or more Interest Rate Hedge Transactions with the Lenders such that the aggregate notional amount of all Interest Rate Hedge Transactions is not less than fifty percent (50%) of the aggregate Outstanding Principal Amount under the Non-Revolving Facilities after such Advance.
Appears in 4 contracts
Samples: Credit Agreement (Village Farms International, Inc.), Assignment and Assumption (Village Farms International, Inc.), Credit Agreement (Village Farms International, Inc.)
Interest Rate Hedge Transactions. Within ninety (90) days after the final each Advance under a Non-Revolving Facility C the Borrower shall enter into one or more Interest Rate Hedge Transactions with the Lenders such that the aggregate notional amount of all Interest Rate Hedge Transactions is not less than at least fifty percent (50%) of the aggregate Outstanding Principal Amount under the all Non-Revolving Facilities after such Advance.
Appears in 3 contracts
Samples: And (Aurora Cannabis Inc), Credit Agreement (Aurora Cannabis Inc), Credit Agreement (Aurora Cannabis Inc)
Interest Rate Hedge Transactions. Within ninety (90) days after the final Advance under Facility C A the Borrower shall enter into one or more Interest Rate Hedge Transactions with the Lenders such that the aggregate notional amount of all Interest Rate Hedge Transactions is not less than fifty percent (50%) of the aggregate Outstanding Principal Amount under the Non-Revolving Facilities Facility A after such Advance.
Appears in 2 contracts
Samples: Credit Agreement (Village Farms International, Inc.), Credit Agreement
Interest Rate Hedge Transactions. Within ninety (90) days after the final each Advance under Facility C B the Borrower shall enter into one or more Interest Rate Hedge Transactions with the Lenders such that the aggregate notional amount of all Interest Rate Hedge Transactions is not less than at least fifty percent (50%) of the aggregate Outstanding Principal Amount under the Non-Revolving Facilities Facility B after such Advance.
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