Interest Rate Protection Arrangements. The Guarantor will not, and will not permit the Borrower to, enter into any interest rate protection arrangements with respect to the Loans with any Person other than the Bank, unless the Guarantor shall have first requested the Bank to enter into an interest rate protection arrangement on terms and conditions proposed in good faith by the Borrower and the Bank shall have declined such request.
Interest Rate Protection Arrangements. Any Interest Rate Agreement entered into by a Lender Counterparty with respect to the Loans under this Agreement (an “Eligible Lender Swap Agreement”) shall rank pari passu with the Obligations. To the extent that any Liens are granted by the Borrower and/or its Subsidiaries in favor of the Agent to secure the Obligations, then the obligations owing to each Lender Counterparty under an Eligible Lender Swap Agreement shall also be secured by such Liens on an equal and ratable basis with the Obligations.
Interest Rate Protection Arrangements. Section 9.12 of the Senior Loan Agreement is hereby deleted and replaced by the following:
Interest Rate Protection Arrangements. See §8.15
Interest Rate Protection Arrangements. For a period of three years from the Effective Date, maintain one or more Interest Rate Protection Arrangements, if necessary, such that the interest rate on at least 50% of outstanding Total Debt (which is not subject to a fixed interest rate) shall be hedged, which Interest Rate Protection Arrangements shall have a minimum term of three years, shall contain such terms and conditions as shall be reasonably satisfactory to the Administrative Agent and, with respect to Interest Rate Protection Agreements between the Borrower and any Lender (or any Affiliate of any Lender), shall be secured on a pari passu basis with the Collateral.
Interest Rate Protection Arrangements. The Borrower shall obtain interest rate protection arrangements satisfactory to the Agent which shall cover at least fifty percent (50%) of the principal amount of the Term Loan B and shall have a term reasonably acceptable to the Agent, and the Borrower shall maintain such interest rate protection arrangements or replacements thereof acceptable to the Agent during the term of this Credit Agreement.
Interest Rate Protection Arrangements. Enter into any interest rate protection agreement, interest rate swap agreement, hedge contract or any other agreement, arrangement, device or instrument designed or intended to protect the applicable Borrower against fluctuations in the rate of interest on its Indebtedness with any person other than Fleet or an Affiliate thereof (subject to market competition).
Interest Rate Protection Arrangements. The Borrower shall maintain interest rate protection arrangements as shall be satisfactory in form and substance to the Agent (including, without limitation, with respect to notional amount and tenor thereof and interest rates with respect thereto).
Interest Rate Protection Arrangements. No later than 90 days following the Closing Date, enter into interest rate protection arrangements in form and substance acceptable to the Administrative Agent in amounts not less than 50% of the outstanding Term Loans and having a tenor of not less than 50% of the time to maturity of the outstanding Term Loans.
Interest Rate Protection Arrangements. The Borrower will, not later than ninety (90) days of the Closing Date, purchase an interest rate cap or swap or effect other interest rate protection arrangements for a minimum period of two (2) years applicable to not less than fifty percent (50%) of the Term Loans, on terms and conditions reasonably satisfactory to the Agent and the Banks.
