Rate Hedging Obligations Sample Clauses
The Rate Hedging Obligations clause defines the responsibilities of parties to enter into or maintain financial contracts that protect against fluctuations in interest rates or currency exchange rates. Typically, this clause requires one or both parties to use derivatives such as swaps or options to manage exposure to variable rates associated with a loan or other financial arrangement. Its core practical function is to allocate the risk of rate volatility, ensuring that unexpected changes in market rates do not adversely impact the parties' financial positions.
Rate Hedging Obligations. Incur any Rate Hedging Obligations or enter into any agreements, arrangements, devices or instruments relating to Rate Hedging Obligations, except (i) pursuant to Swap Agreements or (ii) for Rate Hedging Obligations incurred to limit risks of currency or interest rate fluctuations to which the Borrower and its Subsidiaries are otherwise subject by virtue of the operations of their businesses, and not for speculative purposes.
Rate Hedging Obligations. The Borrower shall not, and shall not permit any of its Subsidiaries to, enter into any Hedging Agreements, other than Hedging Agreements entered into in the ordinary course of business to hedge or mitigate risks to which the Borrower or such Subsidiary is exposed in the conduct of its business or the management of its assets and liabilities.
Rate Hedging Obligations. The Borrower shall not and shall not permit any of its Subsidiaries to enter into any interest rate, commodity or foreign currency exchange, swap, collar, cap or similar agreements other than interest rate, foreign currency or commodity exchange, swap, collar, cap, leveraged derivative or similar agreements entered into by the Borrower pursuant to which the Borrower or such Subsidiary has hedged its actual interest rate, foreign currency or commodity exposure.
Rate Hedging Obligations. The Borrower will not, and will not permit any Subsidiary to, enter into or remain liable upon any Rate Hedging Obligations, except for (i) Rate Hedging Obligations in a notional amount not to exceed an amount equal to one-half of the Aggregate Commitment (determined as of the time the applicable Rate Hedging Obligation is incurred) and (ii) Rate Hedging Obligations arising out of commodities hedging transactions entered into in the ordinary course of business and not for speculative purposes.
Rate Hedging Obligations. Incur any Rate Hedging Obligations or enter into any agreements, arrangements, devices or instruments relating to Rate Hedging Obligations, except (a) pursuant to Swap Agreements in an aggregate notional amount not to exceed at any time $125,000,000, and (b) forward currency exchange agreements; PROVIDED, HOWEVER, that no Rate Hedging Obligations shall be incurred for speculative purposes.
Rate Hedging Obligations. Incur any Rate Hedging Obligations or enter into any agreements, arrangements, devices or instruments relating to Rate Hedging Obligations, except pursuant to Swap Agreements in an aggregate notional amount not to exceed at any time 50% of the Total Revolving Credit Commitment and the amounts outstanding at such time under the Unsecured Notes Offering or as otherwise agreed by the Borrower and the Agent.
Rate Hedging Obligations. The Borrower shall, at all times from and after the date that is 120 days after the Closing Date, maintain in full force and effect, for an average term of two years, agreements in form and substance reasonably satisfactory to the Agent regarding Rate Hedging Obligations so that the sum (without duplication) of (a) the notional amount subject to such agreements and (b) the aggregate principal amount of all Total Debt which bears interest at a fixed interest rate equals at all times at least 50% of the aggregate principal amount of all Total Debt of the Borrower and its Subsidiaries.
Rate Hedging Obligations. Any and all obligations of the Borrower, whether ------------------------ direct or indirect and whether absolute or contingent, at any time created, arising, evidenced or acquired (including all renewals, extensions, modifications and amendments thereof and all substitutions therefor), in respect of: (a) any and all agreements, arrangements, devices and instruments designed or intended to protect at least one of the parties thereto from the fluctuations of interest rates, exchange rates or forward rates applicable to such party's assets, liabilities or exchange transactions, including without limitation dollar-denominated or cross currency interest rate exchange agreements, forward currency exchange agreements, interest rate cap or collar protection agreements, forward rate currency or interest rate options, puts and warrants and so-called "rate swap" agreements; and (b) any and all cancellations, buy-backs, reversals, terminations or assignments of any of the foregoing.
Rate Hedging Obligations. Within ninety (90) days after the Initial Borrowing Date, the Borrower will enter into Swap Agreements with one or more financial institutions acceptable to the Administrative Agent in its reasonable discretion, providing for a fixed rate of interest on a notional amount equal to at least the Dollar Equivalent of an amount equal to 50% of the aggregate Indebtedness for money borrowed of the Borrower and its Subsidiaries (excluding the Term X Loans, Indebtedness of the Target set forth on Schedule 6.01 and any Indebtedness otherwise accruing interest at a fixed rate) and having an average weighted maturity of at least three (3) years.
Rate Hedging Obligations. The Borrower shall not and shall not permit any of its Subsidiaries to enter into any interest rate, commodity or foreign currency exchange, swap, collar, cap, leveraged derivative or similar agreements other than interest rate, foreign currency or commodity exchange, swap, collar, cap or similar agreements entered into by the Borrower pursuant to Section 6.2(L) hereof or pursuant to which the Borrower has hedged its actual interest rate, foreign currency or commodity exposure (such hedging agreements are sometimes referred to herein as "Interest Rate Agreements").