Common use of Interest Rate Protection Agreements Clause in Contracts

Interest Rate Protection Agreements. Within thirty (30) days of the Closing Date, the Borrower shall enter into interest rate protection agreements (protecting against fluctuations in interest rates) reasonably acceptable to the Administrative Agent, which agreements shall provide coverage in an amount equal to $100,000,000 and for a duration of at least two (2) years.

Appears in 2 contracts

Samples: Credit Agreement (Matria Healthcare Inc), Term Loan Agreement (Matria Healthcare Inc)

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Interest Rate Protection Agreements. Within thirty (30) Borrower shall obtain, on or within 90 days of after the Closing Date, the Borrower shall enter into interest rate protection agreements (protecting against fluctuations in interest rates) Interest Rate Protection Agreements having terms and with counterparties reasonably acceptable satisfactory to the Administrative Agent, which agreements Agent as shall provide coverage result in an at least 50% of the aggregate principal amount equal to $100,000,000 and of then outstanding Total Debt of Borrower either bearing interest at a fixed rate or being hedged for a duration period of at least two (2) yearsyears from the date the initial Interest Rate Protection Agreements were obtained.

Appears in 2 contracts

Samples: Credit Agreement (Atrium Companies Inc), Credit Agreement (Atrium Companies Inc)

Interest Rate Protection Agreements. Within thirty one hundred fifty (30150) days of the Closing Date, the Borrower shall enter into interest rate protection agreements (protecting against fluctuations in interest rates) reasonably acceptable to the Administrative Agent, which agreements shall provide coverage in an amount equal to $100,000,000 at least 33% of the outstanding Term Loan and for a the duration of at least two (2) three years.

Appears in 2 contracts

Samples: Credit Agreement (Aegion Corp), Credit Agreement (Aegion Corp)

Interest Rate Protection Agreements. Within thirty sixty (3060) days of the Closing Date, the Borrower shall enter into interest rate protection agreements (protecting against fluctuations in interest rates) reasonably acceptable to the Administrative Agent, which agreements shall provide coverage in an amount equal to $100,000,000 50% of the outstanding Term Loan and for a the duration of at least two (2) yearsthe Term Loan.

Appears in 2 contracts

Samples: Credit Agreement (Insituform Technologies Inc), Credit Agreement (Insituform Technologies Inc)

Interest Rate Protection Agreements. Within thirty (30) days of the Closing Date, the Borrower shall enter into interest rate protection agreements (protecting against fluctuations in interest rates) reasonably acceptable to the Administrative Agent, which agreements shall provide coverage in an amount equal to $100,000,000 50% of Consolidated Funded Indebtedness on the Closing Date and for a duration of at least two (2) yearsthirty months.

Appears in 1 contract

Samples: Credit Agreement (Online Resources Corp)

Interest Rate Protection Agreements. Within thirty (30) The Borrower shall, within 90 days of the Closing Date, the Borrower shall enter have entered into interest rate protection agreements (protecting against fluctuations in interest rates) rates and as to which the material terms are reasonably acceptable satisfactory to the Administrative Agent, which agreements shall provide for coverage in an a principal amount equal to of at least $100,000,000 and 112,500,000 for a duration of at least two (2) years.

Appears in 1 contract

Samples: Credit Agreement (Amerisource Distribution Corp)

Interest Rate Protection Agreements. Within thirty (30) The Borrower shall, within 60 days of the Closing Date, the Borrower shall enter into interest rate protection agreements (agreements, in form and substance satisfactory to the Agent, protecting against fluctuations in interest rates) reasonably acceptable to the Administrative Agent, which agreements shall provide coverage in an original principal amount equal to at least $100,000,000 and for 45,000,000 with a duration final maturity of at least two three (23) years.

Appears in 1 contract

Samples: Credit Agreement (Pluma Inc)

Interest Rate Protection Agreements. Within thirty (30) The Borrower shall, within 90 days of subsequent to the Closing Initial Funding Date, the Borrower shall enter into and maintain interest rate protection agreements (protecting against fluctuations agreements, in interest rates) reasonably form and substance acceptable to the Administrative Agent, which agreements shall provide coverage in an amount equal to $100,000,000 and for a duration period expiring no earlier than three years from the date such interest rate protection agreements are purchased, and in a notional amount of at least two (2) years$135,000,000.

Appears in 1 contract

Samples: Credit Agreement (Knoll Inc)

Interest Rate Protection Agreements. Within thirty one hundred fifty (30150) days of the Closing Date, the Borrower shall enter into interest rate protection agreements (protecting against fluctuations in interest rates) reasonably acceptable to the Administrative Agent, which agreements shall provide coverage in an amount equal to $100,000,000 at least 33% of the outstanding Initial Term Loan and for a the duration of at least two (2) three years.

Appears in 1 contract

Samples: Credit Agreement (Aegion Corp)

Interest Rate Protection Agreements. Within thirty sixty (3060) days of the Closing Funding Date, the Borrower shall enter into interest rate protection agreements (protecting against fluctuations in interest rates) reasonably acceptable to the Administrative Agent, which agreements shall provide coverage in an amount equal to $100,000,000 fifty percent of the outstanding principal amount of the Term Loan and for a duration of at least two (2) three years.

Appears in 1 contract

Samples: Credit Agreement (Epicor Software Corp)

Interest Rate Protection Agreements. Within thirty sixty (3060) days of the Closing Date, the Borrower shall enter into interest rate protection agreements (protecting against fluctuations in interest rates) reasonably acceptable to the Administrative Agent, which agreements shall provide coverage coverage, together with its existing interest rate protection agreements, in an amount equal to $100,000,000 60,000,000 and for a duration of at least two three (23) years.

Appears in 1 contract

Samples: Credit Agreement (X Rite Inc)

Interest Rate Protection Agreements. Within thirty sixty (3060) days of the Closing Date, the Borrower shall enter into interest rate protection agreements (protecting against fluctuations in interest rates) reasonably acceptable to the Administrative Agent, which agreements shall provide coverage in an amount equal to $100,000,000 15,000,000 and for a duration of at least two (2) three years.

Appears in 1 contract

Samples: Credit Agreement (Practiceworks Inc)

Interest Rate Protection Agreements. Within thirty (30) 90 days of following the Closing Date, the Borrower shall enter into interest rate protection agreements (protecting against fluctuations have in interest rates) reasonably acceptable to the Administrative Agent, which agreements shall provide coverage in an amount equal to $100,000,000 and for place Interest Rate Protection Agreements having a duration of at least two (2) years, in form and substance satisfactory to Administrative Agent, in an amount equal to at least 50% of the aggregate principal amount of the Term Loans.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Nacco Industries Inc)

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Interest Rate Protection Agreements. Within thirty (30) one hundred twenty days of after the Closing Date, Date (or such later date as the Administrative Agent may agree in its sole discretion) the Borrower shall enter into cause at least 50% of the outstanding principal amount of all term debt (including the Term Loan) of the Borrower and its Subsidiaries to be either (x) fixed rate debt or (y) subject to interest rate protection agreements (protecting against fluctuations in interest rates) for a duration of at least three years in form and with parties reasonably acceptable to the Administrative Agent, which agreements shall provide coverage in an amount equal to $100,000,000 and for a duration of at least two (2) years.

Appears in 1 contract

Samples: Credit Agreement (Acadia Healthcare Company, Inc.)

Interest Rate Protection Agreements. Within thirty sixty (3060) days of the Closing Date, the Borrower shall enter into interest rate protection agreements (protecting against fluctuations in interest rates) reasonably acceptable to the Administrative Agent, which agreements shall provide coverage in an amount equal to $100,000,000 50% of the Term Loan and for a duration of at least two (2) years.

Appears in 1 contract

Samples: Credit Agreement (Ciber Inc)

Interest Rate Protection Agreements. Within thirty (30) The Borrower shall, within 90 days of subsequent to the Closing Effective Date, the Borrower shall enter into and maintain interest rate protection agreements (protecting against fluctuations agreements, in interest rates) reasonably form and substance acceptable to the Administrative Agent, which agreements shall provide coverage in an amount equal to $100,000,000 and for a duration period expiring no earlier than three years from the date such interest rate protection agreements are purchased, and in a notional amount of at least two (2) years$135,000,000.

Appears in 1 contract

Samples: Credit Agreement (Knoll Inc)

Interest Rate Protection Agreements. Within thirty (30) 30 days of the Closing Date, the Borrower shall Borrowers will enter into Protection Agreements with respect to the interest rate protection agreements (protecting against fluctuations in interest rates) reasonably on the Term Loan with expiration dates of no earlier than the second anniversary of the Closing Date, at rates and with counterparties acceptable to the Administrative Agent, which agreements shall provide coverage in an amount equal to $100,000,000 and for a duration of at least two (2) years.

Appears in 1 contract

Samples: Loan Agreement (NCC Industries Inc)

Interest Rate Protection Agreements. Within thirty one hundred fifty (30150) days of the Closing Date, the Borrower shall enter into interest rate protection agreements (protecting against fluctuations in interest rates) reasonably acceptable to the Administrative Agent, which agreements shall provide coverage in an amount equal to $100,000,000 at least 33% of the outstanding Term Loan and for a the duration of at least two (2) three years.

Appears in 1 contract

Samples: Credit Agreement (Aegion Corp)

Interest Rate Protection Agreements. Within thirty (30) 120 days of after the Closing Date, the Borrower shall enter into Interest Rate Protection Agreements in respect of at least $50,000,000 of the Term Loans, providing interest rate protection agreements (protecting against fluctuations in interest rates) for such period of time, and under such terms and conditions, as shall be reasonably acceptable to the Administrative Agent, which agreements shall provide coverage in an amount equal to $100,000,000 and for a duration of at least two (2) yearsArranger.

Appears in 1 contract

Samples: Credit Agreement (Key Energy Group Inc)

Interest Rate Protection Agreements. Within thirty sixty (3060) days of the Closing Date, the Borrower shall enter into interest rate protection agreements (protecting against fluctuations in interest rates) reasonably acceptable to the Administrative Agent, which agreements shall provide coverage in an amount equal to $100,000,000 50% of the outstanding Term Loan; provided that, as of March 31, 2011, interest rate protection agreements shall no longer be required. (l) Sections 8.02(g) and for a duration 8.02(h) of at least two (2) years.the Credit Agreement are hereby amended to read as follows:

Appears in 1 contract

Samples: Credit Agreement (Insituform Technologies Inc)

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