Secured Interest Rate Agreement definition

Secured Interest Rate Agreement means any Interest Rate Agreement permitted under Section 6.01 that is entered into by and between any Borrower or any Restricted Subsidiary and any Lender Counterparty.
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Secured Interest Rate Agreement means an Interest Rate Agreement between Navistar Financial and any Lender or any affiliate of any Lender that is in effect on the date hereof or with respect to which Navistar Financial’s obligations are hereafter designated as Additional Secured Obligations pursuant to Section 2.07.
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Secured Interest Rate Agreement means any Interest Rate Agreement that (a) has been entered into with a Secured Interest Rate Counterparty, (b) in the case of an Interest Rate Agreement not entered into with or provided or arranged by U.S. Bank or an Affiliate of U.S. Bank, is expressly identified as being a “Secured Interest Rate Agreement” hereunder in a joint notice from such Credit Party and such Person delivered to the Administrative Agent reasonably promptly after the execution of such Interest Rate Agreement and (c) meets the requirements of subsection 7.4(ii).
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Examples of Secured Interest Rate Agreement in a sentence

  • Any Credit Extension may be made to Borrowers or continued from time to time, and any Secured Interest Rate Agreements and Cash Management Agreements may be entered into from time to time, in each case, without notice to or authorization from any Guarantor regardless of the financial or other condition of any Borrower at the time of any such grant or continuation or at the time such Secured Interest Rate Agreement or Cash Management Agreement is entered into, as the case may be.

  • Each Lender and Issuing Bank (including in their capacities as potential Lender Counterparties party to a Secured Interest Rate Agreement and potential Cash Management Banks party to a Cash Management Agreement) hereby further authorizes Administrative Agent or Collateral Agent, as applicable, on behalf of and for the benefit of Lenders, to be the agent for and representative of Lenders with respect to the Guaranty, the Collateral and the Collateral Documents.

  • Each Guarantor has adequate means to obtain information from each Borrower on a continuing basis concerning the financial condition of such Borrower and its ability to perform its obligations under the Credit Documents, any Secured Interest Rate Agreement or Cash Management Agreement, and each Guarantor assumes the responsibility for being and keeping informed of the financial condition of each Borrower and of all circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations.

  • To the extent any Lender reimburses any of its Affiliates for the failure of the Borrower to pay any amounts owed to such Affiliate in connection with any Secured Interest Rate Agreement, the Borrower shall promptly pay such Lender such reimbursed amount and such reimbursed amount shall be an Obligation of the Borrower hereunder until paid in full.

  • This Guaranty shall be binding upon each Guarantor and its successors and assigns and shall inure to the benefit of the Secured Creditors and their successors and assigns to the extent permitted under the Credit Agreement or the respective Secured Interest Rate Agreement.

  • In addition, such Subsequent Credit Agreement, such Secured Interest Rate Agreement and each agreement or instrument evidencing such Junior Secured Obligation shall be, from and after such date until the termination thereof and the payment of all amounts payable thereunder, a Secured Instrument (and shall be listed in Schedule I hereto) for purposes of this Agreement.

  • Citizens will not change its name, identity or structure in any manner unless (x) such change shall be permitted under the terms of each Credit Agreement, the Trust Indenture and each Secured Interest Rate Agreement and (y) Citizens shall have given the Collateral Trustee and each Secured Party Representative not less than 30 days’ prior written notice thereof and delivered an opinion of counsel with respect thereto in accordance with Section 12.06.

  • Each Lender and Issuing Bank (including in their capacities as potential Lender Counterparties party to a Secured Interest Rate Agreement and potential Cash Management Banks party to a Cash Management Agreement) hereby further authorizes Administrative Agent or Collateral Agent, as applicable, on behalf of and for the benefit of Lenders, to be the agent for and representative of Lenders with respect to NAI-1537228099v31537241654v2 the Guaranty, the Collateral and the Collateral Documents.

  • Each Interest Rate Exchanger that has executed and delivered to the Collateral Agent an Acknowledgement in such form that has been executed by Company is referred to herein as a "Secured Interest Rate Exchanger", and each Interest Rate Agreement entered into with a Secured Interest Rate Exchanger is referred to herein as a "Secured Interest Rate Agreement".

  • Citizens has, or will at the time of delivery of Collateral to the Collateral Trustee have, good and marketable title to all of the Collateral, free and clear of any Lien, security interest, encumbrance or other right, title or interest of any Person (except as permitted by each Credit Agreement, the Trust Indenture and each Secured Interest Rate Agreement), and full power and authority to undertake and perform the obligations of Citizens and to grant the Security Interests hereunder.


More Definitions of Secured Interest Rate Agreement

Secured Interest Rate Agreement means an Interest Rate Agreement entered into by Citizens (or any other Person on Citizens’ behalf) to hedge its interest rate risk under the Trust Indenture or any Credit Agreement, as the case may be, listed on Schedule I hereto (as such Schedule may be amended and supplemented from time to time pursuant to Section 10) and identified on such Schedule as either hedging interest rate risk with respect to Indenture Obligations or a specific Credit Agreement, as such Interest Rate Agreement may be amended and supplemented from time to time.
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Secured Interest Rate Agreement means an Interest Rate Agreement (other --------------------------------- than any Total Rate of Return Swap)
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Secured Interest Rate Agreement shall have the meaning provided in the second WHEREAS clause of this Agreement.
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Secured Interest Rate Agreement or "Secured Interest Rate Agreements" in Article 2.3, 2.7, 7.4(c), 7.4(d), 7.5, 8.1, 10.2(a), 10.3, 10.9, and in the definitions of "Contracts" and "Obligations" in Article IX, of the Security Agreement are hereby amended by changing same to read "Secured Hedging Arrangement" or "Secured Hedging Arrangements" as the case may be.
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Secured Interest Rate Agreement and "Interest Rate Agreements" and "Secured Interest Rate Agreements" in Sections 1(i), 1(ii), 1(iv), 5, 9(c), 9(d), 18(a) and 20 of the Pledge Agreement are hereby amended by changing same to read "Secured Hedging Arrangement" or "Secured Hedging Arrangements", as the case may be.
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Related to Secured Interest Rate Agreement

  • 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 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 Agreements means one or more of the following agreements which shall be entered into by one or more financial institutions: interest rate protection agreements (including, without limitation, interest rate swaps, caps, floors, collars and similar agreements) and/or other types of interest rate hedging agreements from time to time.

  • 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 Hedging Agreement means any interest rate protection agreement or other interest rate hedging arrangement.

  • Interest Rate Hedge Agreement any interest rate swap agreement, interest rate cap, collar or other arrangement between the Borrower and a Hedge Provider, consisting of a “Master Agreement” in a form published by the International Swaps and Derivatives Association, Inc., together with a “Schedule” thereto in substantially such form as the Program Agent shall have approved, each “Confirmation” thereunder confirming the terms of each transaction thereunder and any credit support annex and schedule thereto.

  • Interest Rate Cap Agreement means, as applicable, an Interest Rate Cap Agreement (together with the confirmation and schedules relating thereto) in form and substance reasonably satisfactory to Lender between Borrower and an Acceptable Counterparty or a Replacement Interest Rate Cap Agreement.

  • Interest Rate Contracts means all interest rate swap agreements, interest rate cap agreements, interest rate collar agreements and interest rate insurance.

  • Interest Rate Swap Agreement means the agreement(s) (including any further replacement agreements) entered into between the Guarantor LP and the Interest Rate Swap Provider(s) in the form of an ISDA Master Agreement, as the same may be amended, varied, supplemented, restated or extended from time to time, including a schedule and confirmations in relation to each Tranche or Series of Covered Bonds;

  • Interest Hedge Agreement means an interest rate protection agreement that may be entered into between the Borrower and an Interest Hedge Counterparty on or after the Closing Date, for the sole purpose of hedging interest rate risk between the portfolio of Collateral Loans and the Loans, as amended from time to time in accordance with the terms thereof, with respect to which the Rating Condition is satisfied.

  • Interest Rate Protection Agreements means any agreement providing for an interest rate swap, cap or collar, or any other financial agreement designed to protect against fluctuations in interest rates.

  • Guaranteed Interest Rate is the effective annual interest rate we will credit for a specified Guarantee Period. The Guaranteed Interest Rate will never be less than the minimum shown in the Schedule.

  • Interest Rate Hedging Agreements means, with respect to any Person, the obligations of such Person under (i) interest rate swap agreements, interest rate cap agreements and interest rate collar agreements and (ii) other agreements or arrangements designed to protect such Person or any of its Subsidiaries against fluctuations in interest rates.

  • Fixed Rate Mortgage Loan A fixed rate mortgage loan purchased pursuant to this Agreement.

  • Periodic Interest Rate Cap As to each adjustable rate Mortgage Loan, the maximum increase or decrease in the Mortgage Interest Rate on any Adjustment Date pursuant to the terms of the Mortgage Note.

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of (i) (a) the prime rate as reported in The Wall Street Journal, plus (b) 5.90%, and (ii) 9.15%.

  • Replacement Interest Rate Cap Agreement means an interest rate cap agreement from an Acceptable Counterparty with terms identical to the Interest Rate Cap Agreement except that the same shall be effective in connection with replacement of the Interest Rate Cap Agreement following a downgrade, withdrawal or qualification of the long-term unsecured debt rating of the Counterparty; provided that to the extent any such interest rate cap agreement does not meet the foregoing requirements, a “Replacement Interest Rate Cap Agreement” shall be such interest rate cap agreement approved in writing by each of the Rating Agencies and Lender with respect thereto.

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Loan Interest Rate means, as to any Loan, the annual rate of interest specified in the Loan.

  • Bond Interest Rate means, with respect to any Tranche of Securitization Bonds, the rate at which interest accrues on the Securitization Bonds of such Tranche, as specified in the Series Supplement.

  • Stated Interest Rate “Subordination Agent”, “Taxes”, “Threshold Rating”, “Transfer”, “Trust Agreement”, “Trustee”, “Underwriters”, “Underwriting Agreement”, “United”, and “United Bankruptcy Event”.

  • Interest Rate Cap Provider if any, shall mean the entity listed as the Interest Rate Cap Provider in the Series Term Sheet, in its capacity as obligor under the Class Interest Rate Caps, or if any Replacement Class Interest Rate Caps or Qualified Substitute Cap Arrangements are obtained pursuant to Section 15, the obligor with respect to such Replacement Class Interest Rate Caps or Qualified Substitute Cap Arrangements.

  • Interest Rate Hedge means an interest rate exchange, collar, cap, swap, floor, adjustable strike cap, adjustable strike corridor, cross-currency swap or similar agreements entered into by any Loan Party in order to provide protection to, or minimize the impact upon, such Loan Party of increasing floating rates of interest applicable to Indebtedness.

  • Lender-Provided Interest Rate Hedge means an Interest Rate Hedge which is provided by any Lender and with respect to which such Xxxxxx confirms to Agent in writing prior to the execution thereof that it: (a) is documented in a standard International Swap Dealers Association, Inc. Master Agreement or another reasonable and customary manner; (b) provides for the method of calculating the reimbursable amount of the provider’s credit exposure in a reasonable and customary manner; and (c) is entered into for hedging (rather than speculative) purposes. The liabilities owing to the provider of any Lender-Provided Interest Rate Hedge (the “Interest Rate Hedge Liabilities”) by any Borrower, Guarantor, or any of their respective Subsidiaries that is party to such Lender-Provided Interest Rate Hedge shall, for purposes of this Agreement and all Other Documents be “Obligations” of such Person and of each other Borrower and Guarantor, be guaranteed obligations under any Guaranty and secured obligations under any Guarantor Security Agreement, as applicable, and otherwise treated as Obligations for purposes of the Other Documents, except to the extent constituting Excluded Hedge Liabilities of such Person. The Liens securing the Interest Rate Hedge Liabilities shall be pari passu with the Liens securing all other Obligations under this Agreement and the Other Documents, subject to the express provisions of Section 11.5.

  • Interest Rate Cap means a Cap.