Common use of Interest Rate Hedging Clause in Contracts

Interest Rate Hedging. Enter into prior to August 18, 2008, and maintain for a period of at least 30 months thereafter, interest rate Swap Contracts on terms reasonably acceptable to the Administrative Agent, covering a notional amount of not less than 50% of the aggregate outstanding indebtedness for borrowed money of the Borrower and its Subsidiaries (other than the Total Revolving Credit Outstandings).

Appears in 2 contracts

Samples: Credit Agreement (Kinetic Concepts Inc /Tx/), Credit Agreement (Kinetic Concepts Inc)

AutoNDA by SimpleDocs

Interest Rate Hedging. Enter into prior to August 18March __, 2008, and maintain for a period of at least 30 months all times thereafter, interest rate Swap Contracts on terms or other transactions with Persons reasonably acceptable to the Administrative AgentAgents, covering a notional amount of not less than 50% of the aggregate outstanding indebtedness Debt for borrowed money of the Borrower and its Subsidiaries (other than the Total Revolving Credit Outstandings), providing for effective payment of interest on a fixed rate basis thereon for a period of at least two years, and otherwise on terms and conditions reasonably acceptable to the Administrative Agents.

Appears in 1 contract

Samples: Credit Agreement (Susser Holdings CORP)

Interest Rate Hedging. Enter into prior to August 18May 30, 20082013, and maintain for a period of at least 30 months all times thereafter, interest rate Swap Contracts on terms reasonably with Persons acceptable to the Administrative Agent, covering a notional amount of not less than 50% of the aggregate outstanding indebtedness Indebtedness for borrowed money of the Borrower and its Subsidiaries (other than the Total Revolving Credit Outstandings), and providing for such Persons to make payments thereunder for an initial period of no less than three years of a fixed rate of interest acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Harvard Bioscience Inc)

Interest Rate Hedging. Enter into prior to August 18December 31, 20082006, and maintain for a period of at least 30 months all times thereafter, interest rate Swap Contracts on terms reasonably and with Persons acceptable to the Administrative Agent, covering a notional amount of not less than such that at least 50% of the aggregate outstanding indebtedness Indebtedness for borrowed money of the Borrower and its Subsidiaries (other than the Total Revolving Credit Outstandings)Indebtedness of a Disqualified Subsidiary) at all times bears interest at a fixed rate and providing for such Persons to make payments thereunder for a period of no less than two years.

Appears in 1 contract

Samples: Credit Agreement (Leap Wireless International Inc)

Interest Rate Hedging. Enter into prior to August 18March 31, 20082011, and maintain for a period of at least 30 months thereafterall times thereafter until September 30, 2013, interest rate Swap Contracts on terms reasonably with Lenders and their Affiliates or other Persons acceptable to the Administrative Agent, covering a notional amount of not less than the greater of (x) $100,000,000 and (y) 50% of the aggregate outstanding indebtedness for borrowed money amount of all Term Loans, on interest terms reasonably acceptable to the Borrower and its Subsidiaries (other than the Total Revolving Credit Outstandings)Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Dennys Corp)

AutoNDA by SimpleDocs

Interest Rate Hedging. Enter into prior to August 18September 30, 20082011, and maintain for a period of at least 30 months all times thereafter, interest rate Swap Contracts on terms with Persons reasonably acceptable to the Administrative Agent, covering a notional amount of not less than 50% of the aggregate outstanding indebtedness for borrowed money principal amount of the Borrower Term CHL:45705.8 Loan and its Subsidiaries (other providing for such Persons to make payments thereunder for an initial period of no less than the Total Revolving Credit Outstandings)three years.

Appears in 1 contract

Samples: Credit Agreement (Dynamics Research Corp)

Interest Rate Hedging. Enter into prior to August 18June 15, 20082007, and maintain for a period of at least 30 months all times thereafter, interest rate Swap Contracts on terms reasonably with Persons acceptable to the Administrative AgentAgent and having Debt Ratings from S&P of not less than AA, covering a notional amount of not less than 5075% of the aggregate outstanding indebtedness Term Facility and providing for borrowed money such Persons to make payments thereunder for a period of no less than three years and otherwise on terms acceptable to the Borrower and its Subsidiaries (other than the Total Revolving Credit Outstandings)Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Prospect Medical Holdings Inc)

Interest Rate Hedging. Enter into prior to August 18December 31, 2008, and maintain for a period of at least 30 months all times thereafter, interest rate Swap Contracts on with Persons and upon terms reasonably acceptable to the Administrative Agent, covering a notional amount of not less than 50% of the aggregate outstanding indebtedness Indebtedness of the Borrower for borrowed money of the Borrower and its Subsidiaries (other than the Total Revolving Credit Outstandings).

Appears in 1 contract

Samples: Credit Agreement (Meadowbrook Insurance Group Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!