Common use of Interest Rate Hedging Agreements Clause in Contracts

Interest Rate Hedging Agreements. As of the last day of each fiscal quarter of the Borrower, commencing with the fiscal quarter ending September 30, 2014, the Borrower shall have entered into Hedging Agreements for the purpose of hedging the Borrower’s exposure to variable interest rates, the notional amounts of which (when aggregated with all other Hedging Agreements of the Loan Parties then in effect in respect of interest rates) shall not be less than fifty percent (50%) of the then outstanding principal amount of the Loans and the Term Loan Facility. Such Hedging Agreements shall be in the form of floating-to-fixed rate swaps, the purchase of interest rate caps, or any similar hedging instrument designed to mitigate interest rate risk, in each case approved by the Administrative Agent.

Interest Rate Hedging Agreements. As of the last day of each fiscal quarter of the Borrower, commencing with the fiscal quarter ending September 30, 2014, the Borrower shall have entered into Hedging Agreements for the purpose of hedging the Borrower’s exposure to variable interest rates, the notional amounts of which (when aggregated with all other Hedging Agreements of the Loan Parties then in effect in respect of interest rates) shall not be less than fifty percent (50%) of the then outstanding principal amount of the Loans and Loan Parties’ Indebtedness for borrowed money for which interest payable on such Indebtedness is variable during the Term Loan Facilityterm of such Indebtedness. Such Hedging Agreements shall be in the form of floating-to-fixed rate swaps, the purchase of interest rate caps, or any similar hedging instrument designed to mitigate interest rate risk, in each case approved by the Administrative Agent.

Interest Rate Hedging Agreements. As of the last day of each fiscal quarter of the Borrower, commencing with the fiscal quarter ending September 30, 2014, the Borrower shall have entered into Hedging Agreements for the purpose of hedging the Borrower’s exposure to variable interest rates, the notional amounts of which (when aggregated with all other Hedging Agreements of the Loan Parties then in effect in respect of interest rates) shall not be less than fifty percent (50%) of the then outstanding principal amount of the Loans and Indebtedness under the Term Loan Revolving Credit Facility. Such Hedging Agreements shall be in the form of floating-to-fixed rate swaps, the purchase of interest rate caps, or any similar hedging instrument designed to mitigate interest rate risk, in each case approved by the Administrative Agent.