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 90 days after the Closing Date, enter into, and thereafter maintain, Hedge Agreements to the extent necessary to provide that at least 50% of the aggregate principal amount of Consolidated Total Leverage is subject to either a fixed interest rate or interest rate protection for a period of not less than two years, which Hedge Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.
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. Within 90 days following the Closing Date, obtain and for a period of not less than three (3) years after the Closing Date maintain in effect, Swap Contracts to the extent necessary to cause at least fifty percent (50%) of the Consolidated Funded Indebtedness on the Closing Date to either have a fixed interest rate or to have interest rate protection on terms and conditions reasonably satisfactory to the Administrative Agent, which Swap Contracts shall be for a term of not less than one (1) year from the date such Swap Contracts are entered into.
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. No later than the 90th day after the Closing Date, the Borrower shall enter into, and for a minimum of two years thereafter maintain, interest rate Hedging Agreements that result in no less than 50% of the sum of the aggregate principal amount of (i) the Term Loans then outstanding and (ii) the Senior Subordinated Notes then outstanding being effectively subject to a fixed or maximum interest rate.
Interest Rate Protection. 44 5.10 Additional Collateral, etc..................................................................... 44 5.11
Interest Rate Protection. No later than sixty (60) days following the Closing Date and at all times thereafter until the third anniversary of the Closing Date, Company 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 and Syndication Agent, in order to ensure that no less than 50% of the aggregate principal amount of the total Indebtedness of Company and its Subsidiaries then outstanding from time to time is either (i) subject to such Interest Rate Agreements or (ii) Indebtedness that bears interest at a fixed rate.
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.
