No Hedging. (a) Other than in accordance with Clause 21.11 (Hedging Agreements) or by way of the Interest Rate Cap Agreements, the Borrower shall not, without the consent of the COFACE Agent, enter into any Hedging Agreement. (b) Hedging Agreements shall not be entered into with any parties other than the Original Lenders.
Appears in 3 contracts
Samples: Coface Facility Agreement (Globalstar, Inc.), Coface Facility Agreement (Globalstar, Inc.), Facility Agreement (Globalstar, Inc.)
No Hedging. (a) Other than in accordance with Clause 21.11 (Hedging Agreements) or by way of the Interest Rate Cap Agreements, the Borrower shall not, without the consent of the COFACE BPIFAE Agent, enter into any Hedging Agreement.
(b) Hedging Agreements shall not be entered into with any parties other than the Original Lenders.
Appears in 2 contracts
Samples: Bpifae Facility Agreement (Globalstar, Inc.), Bpifae Facility Agreement (Globalstar, Inc.)
No Hedging. (ac) Other than in accordance with Clause 21.11 (Hedging Agreements) or by way of the Interest Rate Cap Agreements, the Borrower shall not, without the consent of the COFACE Agent, enter into any Hedging Agreement.
(bd) Hedging Agreements shall not be entered into with any parties other than the Original Lenders.
Appears in 1 contract
