Interest Rate Protection. No later than the 90th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintain, Hedging Agreements acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.
Interest Rate Protection. As promptly as practicable, and in any event within 90 days after the Effective Date, the Borrower will enter into, and thereafter for a period of not less than three years after the Effective Date will maintain in effect, one or more interest rate protection agreements on such terms and with such parties as shall be reasonably satisfactory to the Administrative Agent, the effect of which shall be to ensure that at least 50% of the outstanding Long-Term Indebtedness of Holdings, the Borrower and the consolidated Subsidiaries is effectively subject to a fixed rate of interest.
Interest Rate Protection. In the case of the Borrower, within 60 days after the Closing Date, enter into Hedge Agreements to the extent necessary to provide that at least 50% of the sum of the aggregate principal amount of the Term Loans and of the Senior Subordinated Notes is subject to either a fixed interest rate or interest rate protection for a period of not less than three years, which Hedge Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.
Interest Rate Protection. Within 90 days after the Closing Date, obtain interest rate protection for a period of at least three years on a notional amount of the principal amount of the Term Loans, on a weighted average basis taking into account scheduled amortization payments, on terms and conditions reasonably satisfactory to the Administrative Agent and the Lenders.
Interest Rate Protection. Within ninety (90) days after the Closing Date (or such later date as the Administrative Agent may agree), enter into, and thereafter maintain for a period of not less than thirty (30) months after the Closing Date, Hedge Agreements to the extent necessary to provide that at least 50% of the aggregate principal amount of the Term Loans is subject to either a fixed interest rate or interest rate protection.
Interest Rate Protection. The Borrower shall no later than 90 days following the Initial Borrowing Date enter into, and thereafter maintain for at least two years, Interest Rate Protection Agreements satisfactory to the Administrative Agent fixing a fixed or maximum interest rate on at least $200,000,000 of the floating rate Indebtedness of the Borrower and its Subsidiaries (including, without limitation, the Loans).
Interest Rate Protection. In the case of the Borrower, within 90 days after the Effective Date, enter into, and thereafter maintain, Swap Agreements to the extent necessary to provide that at least 50% of the aggregate principal amount of any Subordinated Debt and the Loans is subject to either a fixed interest rate or interest rate protection for a period of not less than two years, which Swap Agreements shall have terms and conditions reasonably satisfactory to the Agents.
Interest Rate Protection. Within 180 days after the Effective Date, Company shall enter into one or more Interest Rate Agreements with respect to the Loans, in an amount of not less than 50% of the aggregate amount of Consolidated Total Debt, which Interest Rate Agreements shall have the effect of establishing a maximum interest rate of not more than 10% per annum with respect to such notional principal amount, each such Interest Rate Agreement to be in form and substance satisfactory to Administrative Agent and with a term of not less than three years from the Effective Date.
Interest Rate Protection. In the case of the Borrower, within 90 days after the Closing Date, enter into Interest Rate Protection Agreements to the extent necessary to provide that at least 50% of the aggregate principal amount of the non-revolving long-term Indebtedness of Holdings and its Subsidiaries is subject to either a fixed interest rate or interest rate protection for a period of not less than two years, which Interest Rate Protection Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.
Interest Rate Protection. No later than ninety (90) days following the Third Restatement Date and at all times thereafter until the third anniversary of the Third Restatement Date, Borrower shall obtain and cause to be maintained protection against fluctuations in interest rates pursuant to one or more Interest Rate Agreements in form and substance reasonably satisfactory to Administrative Agent, in order to ensure that for a period of not less than three years after the Third Restatement Date, no less than 35% of the aggregate principal amount of the total Indebtedness for borrowed money of Borrower and its Subsidiaries then outstanding is either (i) subject to such Interest Rate Agreements or (ii) Indebtedness that bears interest at a fixed rate.
