Interest Rate Xxxxxx definition

Interest Rate Xxxxxx means interest rate exchange, collar, cap, swap, adjustable strike cap, adjustable strike corridor or similar agreements having terms, conditions and tenors reasonably acceptable to the Administrative Agent and entered into by the Credit Parties in order to provide protection to, or minimize the impact upon, the Credit Parties of increasing floating rates of interest applicable to the Funded Debt.

Interest Rate Xxxxxx means, with respect to any Person, all liabilities of such Person under interest rate swap agreements, interest rate cap agreements, basis swap, forward rate agreement and interest collar or floor agreements and all other agreements or arrangements designed to protect such Person against fluctuations in interest rates or currency exchange rates.

Interest Rate Xxxxxx has the meaning set forth in Section 5.12. --------------------

Examples of Interest Rate Xxxxxx in a sentence

• The Borrower will not, and will not permit any of its Subsidiaries to, enter into any Hedge Agreement, other than Permitted Interest Rate Xxxxxx.

• The Partnership, and the General Partner on behalf of the Partnership, may enter into and perform each of the Loan Documents, the Contingent Interest Promissory Note, the Permitted Interest Rate Xxxxxx, the Investment Advisory Agreement and any documents contemplated thereby or related thereto and any amendments thereto, without any further act, vote or approval of any Person, including any Partner, notwithstanding any other provision of this Agreement.

• As of the Closing Date, neither any Credit Party nor any of their Subsidiaries are a party to any Interest Rate Xxxxxx or any Other Hedging Agreements.

• In determining LIBOR, any Certificate Interest Rate for the Floating Rate Certificates or any Reserve Interest Rate, Xxxxxx Xxx or the Paying Agent may conclusively rely and shall be protected in relying upon the offered quotations (whether written, oral or on the Reuters screen) from the Reference Banks or the New York City banks as to LIBOR or the Reserve Interest Rate, as appropriate, in effect from time to time.

• In determining LIBOR, any Certificate Interest Rate for the Floating Rate Certificates or any Reserve Interest Rate, Xxxxxx Mae or the Paying Agent may conclusively rely and shall be protected in relying upon the offered quotations (whether written, oral or on the Reuters screen) from the Reference Banks or the New York City banks as to LIBOR or the Reserve Interest Rate, as appropriate, in effect from time to time.

More Definitions of Interest Rate Xxxxxx

Interest Rate Xxxxxx means interest rate exchange, collar, cap, swap, adjustable strike cap, adjustable strike corridor or similar agreements having terms, conditions and tenors reasonably acceptable to the Administrative Agent entered into by the Borrower and/or its Subsidiaries in order to provide protection to, or minimize the impact upon, the Borrower and/or such Subsidiaries of increasing floating rates of interest applicable to Indebtedness.

Interest Rate Xxxxxx is defined in Section 9.9.

Interest Rate Xxxxxx means interest rate exchange, collar, cap, swap, adjustable strike cap, adjustable strike corridor or similar agreements, each of which (i) shall have a minimum term ending on the then-applicable Maturity Date or, in the case of loans pursuant to which interest shall accrue at a rate other than a fixed rate, a term equal to the term of such floating rate loan (to the extent the term of such floating rate loan is less than the period ending on the then-applicable Maturity Date), (ii) shall have the effect of capping the interest rates covered thereby at a rate equal to or lower than the Hedge Rate at the time of purchase or execution, and (iii) shall be with the Administrative Agent or an Approved Bank as the counterparty. The Borrower shall submit evidence of its compliance with Interest Rate Xxxxxx to the Administrative Agent together with the certificate required to be delivered by the Borrower pursuant to Schedule 5.1(c).

Interest Rate Xxxxxx means all interest rate exchange, collar, cap, -------------------- swap or similar agreements entered into by the Seller in connection herewith to provide protection to, or minimize the impact upon, the Seller of increasing Yield Rates.

Interest Rate Xxxxxx has the meaning set forth in Section 5.12.

Interest Rate Xxxxxx means all Hedging Agreements entered into by the Borrower and its Restricted Subsidiaries for the purpose of hedging the interest rate exposure associated with the operations of the Borrower and its Restricted Subsidiaries.

Interest Rate Xxxxxx means interest rate swap or similar agreements entered into by the Borrower and Triple-A with the Swap Provider to provide protection to, or minimize the impact upon, the Borrower and Triple-A of increasing interest rates under the Credit Agreement.