Rate Protection Agreements. (a) No Loan Party or Subsidiary of any Loan Party will engage in, guaranty or grant a security interest to secure any speculative transactions or any transaction involving a Rate Protection Agreement except for the sole purpose of hedging in the normal course of business; provided however, that no Loan Party will engage in, guaranty or grant a security interest to secure any Swap Obligation if at the time of such swap obligation, guaranty or grant it does not constitute an “eligible contract participant” as defined in the Commodity Exchange Act.
Rate Protection Agreements. Within 90 days following the Closing Date, the Term Loan Borrower will enter into interest rate swap, cap, collar or similar arrangements designed to protect the Term Loan Borrower against fluctuations in interest rates with respect to at least 50% of the outstanding principal amount of Term Loans for a period of at least three years from the Closing Date, on terms reasonably satisfactory to the Administrative Agent.
Rate Protection Agreements. Within 60 days following the Restatement Effective Date, the Borrower will enter into interest rate swap, cap, collar or similar arrangements with a Lender or any other Person reasonably acceptable to the Lenders designed to protect the Borrower against fluctuations in interest rates for a period of at least three years from the Restatement Effective Date, in an amount reasonably satisfactory to the Agents and in any event that would cause an amount equal to not less than 50% of the Indebtedness outstanding under the Loan Documents, the 2016 Senior Note Documents and the 2014 Senior Note Documents to bear interest at a fixed rate.
Rate Protection Agreements. In the case of the Borrower, within 100 days following the Merger Date, enter into (and thereafter maintain in effect) Rate Protection Agreements providing for interest rate protection on customary terms, for a period of at least two years following the Merger Date, with respect to at least 50% of the sum of the aggregate principal amount of the then-outstanding Term Loans.
Rate Protection Agreements. To Agent, notice of intention to enter into any Rate Protection Agreement, together with form of proposed Rate Protection Agreement.
Rate Protection Agreements. Holdings and the Borrowers will enter into or maintain interest rate swaps, caps, collars or similar agreements in a notional amount equal to at least 50% of the aggregate principal amount of the Term Loans and on such other terms as the Agents, Holdings and the Borrowers shall mutually agree.
Rate Protection Agreements. Unless otherwise agreed to by the Arrangers, within 120 days following the Closing Date, the Borrowers will enter into interest rate swap, cap, collar or similar arrangements designed to protect the Borrowers against fluctuations in interest rates in respect of not more than 50% of the Term Loans then outstanding on terms satisfactory to the Arrangers.
Rate Protection Agreements. Within 30 days following the earlier of the Acquisition Date and the date of termination or expiration of the Purchase Agreement, the Borrowers shall (a) enter into interest rate swap, cap, collar or similar arrangements designed to protect such Borrower against fluctuations in interest rates with respect to at least 80% of the aggregate principal amount of the Term Loans for a period of at least three years from the Closing Date, on terms reasonably satisfactory to the Lead Arranger; and (b) grant to the Lead Arranger a right of first refusal to participate in such hedging arrangements so long as the Lead Arranger provides pricing that is competitive in the market in respect of such hedging arrangements.
Rate Protection Agreements. Within ninety days following the Closing Date, the Administrative Agent shall have received evidence satisfactory to it that the Borrower has entered into interest rate swap, cap, collar or similar agreements in form and substance satisfactory to the Syndication Agent designed to protect the Borrower against fluctuations in interest rates with respect to at least 50% of the aggregate outstanding principal amount of the Term Loans for a period from the date the initial interest rate protection arrangement was obtained until the Stated Maturity Date, and in all respects satisfactory to the Syndication Agent.\
Rate Protection Agreements. If, at any time and from time to time, at least 50% of the aggregate principal amount of the Indebtedness for borrowed money of the Company and its Subsidiaries does not bear interest at a fixed rate and the Agent or the Required Lenders so request, the Company will (within 90 days thereafter) enter into (and thereafter maintain in effect for a period of at least three years following such date or, if shorter, through the Termination Date) Rate Protection Agreements providing for interest rate protection on terms reasonably acceptable to the Agent, to the extent necessary to cause at least 50% of such Indebtedness to bear interest at a fixed rate.
