Interest Rate Hedging. Enter into within ninety (90) days of the Closing Date (or such longer period as may be reasonably acceptable to the Administrative Agent in its sole discretion), and maintain for a period of not less than two (2) years thereafter, interest rate Swap Contracts with Persons reasonably acceptable to the Administrative Agent, covering a notional amount of not less than 50% of the aggregate outstanding amount of the Term Loan Facility.
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Samples: Credit Agreement (Bojangles', Inc.), Credit Agreement (Bojangles', Inc.)
Interest Rate Hedging. Enter into within ninety (90) days of the Closing Date (or such longer period as may be reasonably acceptable to the Administrative Agent in its sole discretion), and maintain for a period of not less than two (2) years thereafter, interest rate Swap Contracts with Persons reasonably acceptable to the Administrative Agent, covering a notional amount of not less than 50% of the aggregate outstanding amount of the Closing Date Term Loan Facility.
Appears in 2 contracts
Samples: Credit Agreement (Bojangles', Inc.), Credit Agreement (Bojangles', Inc.)
Interest Rate Hedging. Enter into within ninety (90) no later than 90 days of after the Closing Date (or such longer period as may be reasonably acceptable to the Administrative Agent in its sole discretion)Date, and maintain for a period of not less than two (2) at least three years thereafter, interest rate Swap Contracts with Persons reasonably acceptable to the Administrative Agent, covering a notional amount of not less than resulting in at least 50% of the aggregate outstanding amount Outstanding Amount of all Term A Loans being effectively subject to a fixed or maximum interest rate reasonably acceptable to the Term Loan FacilityAdministrative Agent.
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Samples: Credit Agreement (On Assignment Inc)
Interest Rate Hedging. Enter into within ninety (90) days of prior to the Closing Date (date that is 60 days, or such longer period as may be reasonably acceptable to the Administrative Agent in its sole discretion)may agree, after the Closing Date, and maintain for a period of not less than two (2) three years thereafter, interest rate Swap Contracts with Persons reasonably and on terms acceptable to the Administrative Agent, covering a notional amount of not less than 50% twenty percent (20%) of the aggregate outstanding principal amount of the Term Loan FacilityFacilities.
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Interest Rate Hedging. Enter into within ninety Within sixty (9060) days of the Closing Date (or such longer period as may be reasonably acceptable to Date, the Administrative Agent in its sole discretion), Borrowers shall enter into and maintain for a period of not less than at least two (2) years thereafterfollowing the Closing Date, interest rate Swap Contracts with Persons reasonably acceptable to the Administrative Agent, covering a notional amount of not less than fifty percent (50% %) of the aggregate outstanding amount of the Term Loan Facilityand Second Lien Term Loan and otherwise with terms and conditions reasonably satisfactory to the Administrative Agent.
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Samples: First Lien Credit Agreement (Prospect Medical Holdings Inc)
Interest Rate Hedging. Enter into within ninety Within sixty (9060) days of the Closing Date (or such longer period as may be reasonably acceptable to Date, the Administrative Agent in its sole discretion), Borrowers shall enter into and maintain for a period of not less than at least two (2) years thereafterfollowing the Closing Date, interest rate Swap Contracts with Persons reasonably acceptable to the Administrative Agent, covering a notional amount of not less than fifty percent (50% %) of the aggregate outstanding amount of the Term Loan Facilityand First Lien Term Loan and otherwise with terms and conditions reasonably satisfactory to the Administrative Agent.
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Samples: Second Lien Credit Agreement (Prospect Medical Holdings Inc)
Interest Rate Hedging. Enter into within ninety (90) days of the Closing Date (or such longer period as may be reasonably acceptable to the Administrative Agent in its sole discretion)Date, and maintain for a period of not less than two (2) years thereafterat all times thereafter until May 3, interest rate 2016, one or more Swap Contracts with Persons reasonably acceptable to the Administrative Agent, establishing a fixed or maximum interest rate covering a notional amount of not less than 50% of the aggregate outstanding amount of Indebtedness for borrowed money (other than the Term Loan FacilityTotal Revolving Outstandings).
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Interest Rate Hedging. Enter into within Not later than ninety (90) days of after the Closing Date (or such longer period as may be reasonably acceptable to the Administrative Agent in its sole discretion)Date, enter into and maintain at all times thereafter for a period of not less than two (2) years thereafteryears, interest rate Swap Contracts with Persons reasonably acceptable to the Administrative Agent, covering a notional in an amount of not less than sufficient to cause at least 50% percent of the aggregate outstanding principal amount of the outstanding Term Loan FacilityLoans to be fixed rate Indebtedness.
Appears in 1 contract
Samples: Credit Agreement (Dennys Corp)
Interest Rate Hedging. Enter into within ninety (90) prior to the date that is 90 days of after the Closing Date (or such longer period as may be reasonably acceptable to the Administrative Agent in its sole discretion)Date, and maintain at all times thereafter for a period of not less than two (2) three years thereafterfollowing the Closing Date, interest rate Swap Contracts Hedging Agreements with Persons reasonably acceptable to the Administrative Agent, covering a notional amount of not less than 5033% of the aggregate outstanding amount of Term Loans and providing for such Persons to make payments thereunder for such period and otherwise on terms and conditions reasonably acceptable to the Term Loan FacilityAdministrative Agent.
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Interest Rate Hedging. Enter into within ninety (90) prior to the date that is 60 days of after the Closing Date (or such longer period as may be reasonably acceptable later date agreed to by the Administrative Agent in its sole discretion), Agent) and maintain for a period at all times thereafter until the second anniversary of not less than two (2) years thereafterthe Closing Date, interest rate Swap Contracts on terms and with Persons reasonably acceptable to the Administrative Agent, covering a notional amount of not less than 50such that at least 30% of the aggregate outstanding amount Term Loans (taking into account the scheduled amortization of the Term Loan FacilityLoans) bears interest at a fixed or maximum rate.
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Samples: Credit Agreement (MSCI Inc.)
Interest Rate Hedging. Enter into within ninety (90) days of the Closing Date (or such longer period as may be reasonably acceptable to the Administrative Agent in its sole discretion)Date, and maintain for a period of not less than two (2) years at all times thereafter, interest rate one or more Swap Contracts with Persons reasonably acceptable to the Administrative Agent, establishing a fixed or maximum interest rate covering a notional amount of not less than 50% of the aggregate outstanding amount of Indebtedness for borrowed money (other than the Term Loan FacilityTotal Revolving Outstandings).
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