Common use of Interest Rate Swap Clause in Contracts

Interest Rate Swap. Within 30 days after the Closing Date, after consultation with the Lender, the Borrower may enter into an interest rate protection agreement satisfactory to the Lender for a notional amount of up to $20,000,000. The Borrower is not required to enter into such agreement with the Lender.

Interest Rate Swap. Within 30 days after the Closing Date, after consultation with the Lender, the Borrower may enter shall have entered into an interest rate protection agreement satisfactory to the Lender for a notional amount of up to at least $20,000,0003,000,000 and for a term of at least three years from the Closing Date. The Borrower is not required to enter into such agreement with the Lender.