Common use of Interest Rate Protection Clause in Contracts

Interest Rate Protection. In the case of the Borrower, within 270 days after the Effective Date, enter into Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3% of the aggregate principal amount of the Term Loans is subject to 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.

Appears in 2 contracts

Samples: Credit Agreement (Alliance Laundry Systems LLC), Credit Agreement (Alliance Laundry Systems LLC)

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Interest Rate Protection. In the case of the Borrower, within 270 90 days after the Effective Closing Date, enter into into, and thereafter maintain, Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the Term Loans Consolidated Total Debt 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.

Appears in 2 contracts

Samples: Credit Agreement (Itron Inc /Wa/), Credit Agreement (Itron Inc /Wa/)

Interest Rate Protection. In the case of the Borrower, within 270 90 days after the Effective Closing Date, enter into into, and thereafter maintain, such Hedge Agreements to the extent as are necessary to provide (together with any existing Hedge Agreements entered into prior to the date hereof) that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the Term Loans all Funded Debt at such time 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.

Appears in 2 contracts

Samples: Credit Agreement (Donnelley R H Inc), Credit Agreement (Donnelley R H Inc)

Interest Rate Protection. In the case of the Borrower, within 270 90 days after the Effective Closing Date, enter into Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the Term Loans 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.

Appears in 2 contracts

Samples: Credit Agreement (Osullivan Industries Holdings Inc), Credit Agreement (Infinity Property & Casualty Corp)

Interest Rate Protection. In the case of the Borrower, within 270 180 days after the Effective Closing Date, enter into into, and thereafter maintain, Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the Senior Subordinated Notes and the Tranche B Term Commitments existing immediately prior to the funding of the Initial Tranche B Term Loans is subject to either a fixed interest rate or interest rate protection for a period of not less than three two years, which Hedge Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Innophos, Inc.), Credit Agreement (Innophos Investment Holdings, Inc.)

Interest Rate Protection. In the case of the Borrower, within 270 60 days after the Effective Closing Date, enter into Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the Term Loans Hedging Amount is subject to either a fixed interest rate or interest rate protection for a period of not less than three two years, which Hedge Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Perkinelmer Inc), Perkinelmer Inc

Interest Rate Protection. In the case of the Borrower, within 270 days after the Effective Date, enter into Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3% of the aggregate principal amount of the Term Loans is subject to 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 AgentAgents.

Appears in 2 contracts

Samples: Credit Agreement (Alliance Laundry Corp), Credit Agreement (Alliance Laundry Corp)

Interest Rate Protection. In the case of the Borrower, within 270 30 days after the Effective Closing Date, enter into into, and thereafter maintain for a period of not less than three years, Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the Term Loans Consolidated Total Debt 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.

Appears in 2 contracts

Samples: Credit Agreement (U-Store-It Trust), Credit Agreement (U-Store-It Trust)

Interest Rate Protection. In the case of the Borrower, within 270 90 days after the Effective Closing Date, enter into Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the Term Loans is subject to 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.

Appears in 2 contracts

Samples: Credit Agreement (Grand Union Co /De/), Credit Agreement (Grand Union Co /De/)

Interest Rate Protection. In the case of the Borrower, within 270 90 days after the Effective Initial Borrowing Date, enter into into, and thereafter maintain, Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the Term Loans and the Subordinated Loans is subject to either a fixed interest rate or interest rate protection for a period of not less than three two years, which Hedge Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (New World Restaurant Group Inc), Credit Agreement (New World Restaurant Group Inc)

Interest Rate Protection. In the case of the Borrower, within 270 60 days after the Effective Closing Date, enter into Hedge Agreements to the extent necessary to provide that a notional amount at least 50% of 33 1/3% 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.

Appears in 2 contracts

Samples: B&g Foods Inc, B&g Foods Inc

Interest Rate Protection. In the case of the Borrower, within 270 120 days after the Effective Date, Closing Date enter into Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 40% of the aggregate principal amount of the outstanding Term Loans is are subject to either a fixed interest rate or interest rate protection for a period of not less than three two years, which Hedge Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (GNC Acquisition Holdings Inc.), Credit Agreement (General Nutrition International Inc)

Interest Rate Protection. In the case of the Borrower, within 270 90 days after the Effective Closing Date, enter into into, and thereafter maintain, Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the Term Loans Consolidated Total Leverage is subject to either a fixed interest rate or interest rate protection for a period of not less than three two years, which Hedge Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Vought Aircraft Industries Inc), Credit Agreement (Standard Aero Holdings Inc.)

Interest Rate Protection. In the case of the Borrower, within 270 60 days after the Effective Closing Date, enter into Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of Consolidated Total Debt and preferred stock of the Term Loans Parent is subject to either a fixed interest rate or interest rate protection for a period of not less than three two years, which Hedge Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 2 contracts

Samples: Management Services Agreement (Dobson Communications Corp), Credit Agreement (Dobson Communications Corp)

Interest Rate Protection. In the case of the Borrower, within 270 90 days after the Effective Closing Date, enter into into, and thereafter maintain for a period of not less than three years, Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the Term Loans 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.

Appears in 1 contract

Samples: Credit Agreement (K&f Industries Inc)

Interest Rate Protection. In the case of the Primary Borrower, within 270 150 days after the Effective Closing Date, enter into Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the Term Loans 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.

Appears in 1 contract

Samples: Credit Agreement (White Mountains Insurance Group LTD)

Interest Rate Protection. In the case of the Borrower, within 270 120 days after the Effective Closing Date, enter into into, and thereafter maintain, Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the Term Loans outstanding Funded Debt of the Group Members is subject to either a fixed interest rate or interest rate protection for a period of not less than three two years, which Hedge Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Del Laboratories Inc)

Interest Rate Protection. In the case of the BorrowerBorrowers, within 270 60 days after the Effective Closing Date, enter into into, and thereafter maintain, Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 40% of the aggregate principal amount of the Term Loans 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.

Appears in 1 contract

Samples: Credit Agreement (Aveta Inc)

Interest Rate Protection. In the case of the Borrower, within 270 Within 60 days after the Restatement ------------------------ Effective Date, enter into Hedge Agreements to the extent necessary to provide that a notional amount of at least 33 1/3% of the aggregate principal amount of the Term Loans Funded Debt of Holdings and its Subsidiaries is subject to either a fixed interest rate or interest rate protection for a period of not less than three two years, which Hedge Agreements shall have terms and conditions reasonably satisfactory to the General Administrative Agent.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (SMTC Corp)

Interest Rate Protection. In the case of the Borrower, within 270 60 ------------------------ days after the Effective Closing Date, enter into into, and thereafter maintain, Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3% of the aggregate principal amount of the Term Loans is subject to interest rate protection for a period of not less than three yearsyears for the full amount of the Tranche A Term Loans, which Hedge Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (American Pharmaceutical Partners Inc /Ca/)

Interest Rate Protection. In the case of the Borrower, within 270 days maintain for a period of at least two years after the Effective Date, enter into Closing Date Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3% at least $375,000,000 of the aggregate principal amount of the Term Loans is subject to either a fixed interest rate protection for a period of not less than three yearsor interest rate protection, which Hedge Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Second Amendment (Roundy's Parent Company, Inc.)

Interest Rate Protection. In the case of the Borrower, within 270 180 days after the Effective Date, enter into into, and thereafter maintain in full force and effect, Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of total Indebtedness (including the Term Loans Senior Subordinated Notes and other fixed rate indebtedness) is subject to either a fixed interest rate or interest rate protection for a period of not less than three yearstwo years from the date of each such Hedge Agreement, which Hedge Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Doane Pet Care Co)

Interest Rate Protection. In the case of the Borrower, within 270 120 days after the Effective Closing Date, enter into Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 25% of the aggregate principal amount Funded Debt of the Term Loans is subject to Borrower effectively bears interest at a fixed rate protection for a period of not less than three two years, which Hedge Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Syniverse Technologies Inc)

Interest Rate Protection. In the case of the Borrower, within 270 180 days after the Effective Funding Date, enter into Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3interest rate protection for at least 50% of the aggregate principal amount of all Funded Debt of the Term Loans Borrower and its Subsidiaries through the use of interest rate swaps, caps, floors or other appropriate hedging arrangements 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.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Tenneco Automotive Inc)

Interest Rate Protection. In the case of the Borrower, within 270 90 days after the Effective Closing Date, enter into into, and thereafter maintain, Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the Term Loans is subject to either a fixed interest rate or interest rate protection for a period of not less than three two years, which Hedge Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Intercreditor Agreement (KAR Auction Services, Inc.)

Interest Rate Protection. In the case of the Borrower, within 270 Within 90 days after the Effective Closing Date, Borrower shall enter into Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 40% of the aggregate principal total amount of the Term Loans outstanding from time to time is subject to either fixed interest rate or interest rate protection for a period of not less than three 2 years, which Hedge Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Spanish Broadcasting System Inc)

Interest Rate Protection. In Within ninety (90) days following the case of the Borrower, within 270 days after the Effective Closing Date, enter into Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3Borrowers shall cause at least 50% of the aggregate principal amount of the Term Loans is subject Loan then outstanding to interest rate protection be hedged pursuant to Hedge Agreements for a period term of not less than at least three years, which Hedge Agreements shall have (3) years with a counterparty and on terms and conditions reasonably satisfactory acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (1847 Goedeker Inc.)

Interest Rate Protection. In the case of the Borrower, within 270 60 days after the Effective Closing Date, enter into Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the Term Loans Borrower’s Funded Debt 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.

Appears in 1 contract

Samples: Escrow Agreement (Ws Financing Corp)

Interest Rate Protection. In the case of the Borrower, within 270 90 days after the Effective Closing Date, enter into into, and thereafter maintain, Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the all Term Loans is are 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.

Appears in 1 contract

Samples: Credit Agreement (Carmike Cinemas Inc)

Interest Rate Protection. In the case of the Borrower, within 270 120 days after the Effective Closing Date, enter into Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the Term Loans Loan Facility 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.

Appears in 1 contract

Samples: Credit Agreement (Serologicals Corp)

Interest Rate Protection. In the case of the Borrower, within 270 one hundred eighty (180) days after the Effective DateMerger Closing Date (or such later date as the Administrative Agent may agree), enter into into, and thereafter maintain, Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the Term Loans 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.

Appears in 1 contract

Samples: Credit Agreement (Intersil Corp/De)

Interest Rate Protection. In the case of the Borrower, within 270 60 days after the Effective Closing Date, enter into Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3% of the aggregate principal amount at least $125,000,000 of the Term Loans is subject to either a fixed interest rate or interest rate protection for a period of not less than three two years, which Hedge Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Buffets Inc)

Interest Rate Protection. In the case of the Borrower, within 270 45 days after the Effective Closing Date, enter into Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the Term Loans Borrower's Funded Debt as of such date 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.

Appears in 1 contract

Samples: Credit Agreement (Cumulus Media Inc)

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Interest Rate Protection. In the case of the Parent Borrower, ------------------------ within 270 90 days after the Effective Initial Closing Date, enter into into, and thereafter maintain, Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3% of at least the aggregate principal amount of the Term Loans 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.

Appears in 1 contract

Samples: Credit Agreement (Act Manufacturing Inc)

Interest Rate Protection. In the case of the Borrower, within 270 180 ------------------------ days after the Effective Closing Date, enter into Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the outstanding Term Loans is subject to either a fixed interest rate or interest rate protection for a period of not less than three yearssatisfactory to the Administrative Agent, which Hedge Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Infonet Services Corp)

Interest Rate Protection. In the case of the Borrower, within 270 60 days after the Effective Date, enter into into, and thereafter maintain for a period of not less than three years, Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the Term Loans 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.

Appears in 1 contract

Samples: Credit Agreement (Archstone Smith Operating Trust)

Interest Rate Protection. In the case of the Borrower, within 270 90 days after the Effective Closing Date, enter into Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the A/B/C Term Loans 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.

Appears in 1 contract

Samples: Credit Agreement (Renters Choice Inc)

Interest Rate Protection. In the case of the Borrower, within 270 ------------------------ 180 days after the Effective Closing Date, enter into Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/333% of the aggregate principal amount of the Term Loans 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 AgentAgents.

Appears in 1 contract

Samples: Credit Agreement (Alliance Laundry Holdings LLC)

Interest Rate Protection. In the case of the Borrower, within 270 90 days after the Effective Closing Date, enter into into, and thereafter maintain, Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the Term Loans and the Senior Notes is subject to either a fixed interest rate or interest rate protection (including swaps and/or caps or collars) for a period of not less than three years, which Hedge Agreements shall shall, if such Hedge Agreements constitute Specified Hedge Agreements, have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Metropcs Communications Inc)

Interest Rate Protection. In the case of the Borrower, within 270 90 days after the Effective Closing Date, enter into into, and thereafter maintain, Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the Term Loans is subject to either a fixed interest rate or interest rate protection for a period of not less than three two years, which Hedge Agreements shall otherwise have terms and conditions reasonably satisfactory to the Administrative Syndication Agent.

Appears in 1 contract

Samples: Credit Agreement (Appleton Papers Inc/Wi)

Interest Rate Protection. In the case of the Borrower, within 270 90 days after the Effective Closing Date, enter into into, and thereafter maintain, Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of Funded Debt of the Term Loans Borrower and its Subsidiaries is subject to either a fixed interest rate or interest rate protection for a period of not less than three two years, which Hedge Agreements shall otherwise have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Wta Inc)

Interest Rate Protection. In the case of the Borrower, within 270 60 days after the Restatement Effective Date, enter into Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 30% of the aggregate principal amount of the Term Loans is subject to either a fixed interest rate or interest rate protection for a period of not less than three two years, which Hedge Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Corrections Corp of America)

Interest Rate Protection. In the case of the Borrower, within 270 90 days after the Effective Closing Date, enter into into, and thereafter maintain, Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3% of the at least $70,000,000 in aggregate principal amount of the Term Loans is are subject to either a fixed interest rate or interest rate protection for a period of not less than three yearstwo years after the Closing Date, which Hedge Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Protection One Alarm Monitoring Inc)

Interest Rate Protection. In the case of the Borrower, within 270 60 days after the Effective Closing Date, enter into into, and thereafter maintain, Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the Senior Unsecured Notes and the Term Loans 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.

Appears in 1 contract

Samples: Credit Agreement (IAA Acquisition Corp.)

Interest Rate Protection. In the case of the Borrower, within 270 days maintain for a period of at least two years after the Effective Date, enter into Closing Date Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3% at least $375,000,000 of the aggregate principal amount of the Term Loans is subject to either a fixed interest rate protection for a period of not less than three yearsor interest rate protection, which Hedge Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Roundy's Parent Company, Inc.)

Interest Rate Protection. In the case of the Borrower, within 270 120 days after the Effective Delayed Draw Funding Date, enter into Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 25% of the aggregate principal amount Funded Debt of the Term Loans is subject to Borrower effectively bears interest at a fixed rate protection for a period of not less than three two years, which Hedge Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Syniverse Technologies Inc)

Interest Rate Protection. In the case of the Borrower, within 270 90 days after the Effective Acquisition Closing Date, enter into into, and thereafter maintain, Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the Term Loans all Funded Debt at such time 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.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Donnelley R H Inc)

Interest Rate Protection. In the case of the Borrower, within 270 180 days after the Effective Closing Date, enter into into, and thereafter maintain, Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 40% of the aggregate principal amount Funded Debt (excluding Total Revolving Extensions of the Term Loans Credit) 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.

Appears in 1 contract

Samples: Credit Agreement (Valassis Communications Inc)

Interest Rate Protection. In the case of the Borrower, within 270 90 days after the Effective Closing Date, enter into Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the outstanding Term Loans 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.

Appears in 1 contract

Samples: Credit Agreement (Verint Systems Inc)

Interest Rate Protection. In the case of the Borrower, within 270 90 days after the Effective Closing Date, enter into into, and thereafter maintain, Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 40% of the aggregate principal amount of the Term Loans outstanding from time to time is subject to either a fixed interest rate or interest rate protection for a period of not less than three two years, which Hedge Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Empi Inc)

Interest Rate Protection. In the case of the Borrower, within 270 90 days after the Effective Closing Date, enter into into, and thereafter maintain, Hedge Agreements to the extent necessary to provide that a notional amount of at least 33 1/3% of the aggregate principal amount of the Term Loans is subject to either a fixed interest rate or interest rate protection for a period of not less than three yearsone year, which Hedge Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Church & Dwight Co Inc /De/)

Interest Rate Protection. (a) In the case of the US Borrower, prior to or within 270 60 days after the Effective Closing Date, enter into into, and thereafter maintain for a period of not less than three years, Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the Term Loans is subject to either a fixed interest rate protection for a period of not less than three yearsor interest rate protection, which Hedge Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Vanguard Car Rental Group Inc.)

Interest Rate Protection. In the case of the Borrower, within 270 30 days after the Effective Closing Date, enter into and thereafter maintain Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3at least 50% of the aggregate principal amount of the Term Loans 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.

Appears in 1 contract

Samples: Credit Agreement (Checkpoint Systems Inc)

Interest Rate Protection. In the case of the Borrower, within 270 90 days after the Effective Closing Date, enter into Hedge Agreements to the extent necessary to provide that a notional amount of 33 1/3% at least $25,000,000 of the aggregate principal amount of the Term Loans is subject to interest rate protection for a period of not less than three yearsthirty months, which Hedge Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Powerhouse Technologies Inc /De)

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