Interest Rate Risk Agreement definition

Interest Rate Risk Agreement means an interest rate swap agreement, interest rate cap agreement or similar arrangement entered into between the Borrower and one or more financial institutions for the purpose of reducing Borrower's exposure to interest rate risk and not for speculative purposes, as it may from time to time be amended, modified, restated or supplemented from time to time.
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Interest Rate Risk Agreement means an interest rate swap agreement, interest rate cap agreement, interest rate collar agreement or similar arrangement entered into by Borrower for the purpose of reducing Borrower's exposure to interest rate fluctuations and not for speculative purposes, approved in writing by Agent (such approval not to be unreasonably withheld), as it may from time to time be amended, modified, restated or supplemented.
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Interest Rate Risk Agreement means an interest rate swap agreement, interest rate cap agreement, interest rate collar agreement or similar arrangement entered into by Borrower for the purpose of reducing Borrower’s exposure to interest rate fluctuations and not for speculative purposes, approved in writing by Agent (such approval not to be unreasonably withheld), as it may from time to time be amended, modified, restated or supplemented.
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Examples of Interest Rate Risk Agreement in a sentence

  • Promptly upon execution thereof, the Borrower shall deliver to the Agent true and correct and complete copies of any Interest Rate Risk Agreement.

  • The Borrower or any other Obligor shall default in the performance or observance of any terms, covenant, condition or agreement (after giving effect to any applicable grace or cure period) under any Interest Rate Risk Agreement and such default causes the termination of such Interest Rate Agreement and the termination value owed by such Obligor as a result thereof exceeds $5,000,000.

  • NCP-Seven shall fully perform the Interest Rate Risk Agreement(s) and shall provide any deposits and pay all charges, fees and other sums as are required by the Interest Rate Risk Agreement in the amounts and at the times set forth therein.

  • If an Interest Rate Risk Agreement is entered into with Seafirst or another Bank, all charges and fees and all other amounts due under such Interest Rate Risk Agreements shall be part of the Obligations and shall be secured by the Collateral.

  • No repayment or prepayment pursuant to this Section shall affect any of the Obligor’s obligations under any Interest Rate Risk Agreement.


More Definitions of Interest Rate Risk Agreement

Interest Rate Risk Agreement means the program, and all documents related thereto, for the hedging of interest rate risk provided for in any interest rate swap agreement, interest rate cap agreement, interest rate collar agreement or similar arrangement entered into by the Borrower with any Lender for the purpose of reducing its exposure to interest rate fluctuations in connection with this Agreement and not for speculative purposes.
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Interest Rate Risk Agreement means an interest rate swap agreement, interest rate cap agreement, interest rate collar agreement or similar arrangement entered into by U.S. Borrower for the purpose of reducing U.S. Borrower's and its Subsidiaries' exposure to interest rate fluctuations and not for speculative purposes, as it may from time to time be amended, modified, restated or supplemented. To the extent Interest Rate Risk Agreements cover Borrowed Money Indebtedness exceeding $5,000,000, in the aggregate, the prior written approval of U.S. Agent shall be required (such approval not to be unreasonably withheld).
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Interest Rate Risk Agreement means, individually and collectively, each mutually agreeable interest rate hedging or risk agreement entered into by NCP-Seven pursuant to Section 0, including but not limited to any interest rate swaps, basis swaps, forward rate agreements, forward price agreements, caps, floors, collars, swaptions, or interest rate options.
Sample 1
Interest Rate Risk Agreement means the program, and all documents ---------------------------- related thereto, for the hedging of interest rate risk provided for in any interest rate swap agreement, interest rate cap agreement, interest rate collar agreement or similar arrangement entered into by the Borrower with any Lender for the purpose of reducing its exposure to interest rate fluctuations and not for speculative purposes.
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Related to Interest Rate Risk Agreement

  • Interest Rate Contract means any interest rate swap agreement, interest rate cap agreement, interest rate floor agreement, interest rate collar agreement, interest rate option or any other agreement regarding the hedging of interest rate risk exposure executed in connection with hedging the interest rate exposure of any Person and any confirming letter executed pursuant to such agreement, all as amended, restated, supplemented or otherwise modified from time to time.

  • Interest Rate Agreement means with respect to any Person any interest rate protection agreement, interest rate future agreement, interest rate option agreement, interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate hedge agreement or other similar agreement or arrangement as to which such Person is party or a beneficiary.

  • Interest Rate Protection Agreement means any interest rate swap agreement, interest rate cap agreement, interest collar agreement, interest rate hedging agreement or other similar agreement or arrangement.

  • Interest Rate Protection Agreements means any interest rate swap agreement, interest rate cap agreement, synthetic cap, collar or floor or other financial agreement or arrangement designed to protect Guarantor or any Consolidated Subsidiary against fluctuations in interest rates or to reduce the effect of any such fluctuations.

  • Interest Rate Cap means the establishment of an upper limit for a variable interest rate.

  • Interest Rate Hedge means an interest rate exchange, collar, cap, swap, adjustable strike cap, adjustable strike corridor or similar agreements entered into by the Borrower or its Subsidiaries in order to provide protection to, or minimize the impact upon, the Borrower, any Guarantor and/or their respective Subsidiaries of increasing floating rates of interest applicable to Indebtedness.

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Interest Rate Protection Obligations of any Person means the obligations of such Person pursuant to any arrangement with any other Person whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying a fixed rate of interest on a stated notional amount in exchange for periodic payments made by such Person calculated by applying a floating rate of interest on the same notional amount.