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.

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.

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 GE Capital or an Affiliate of GE Capital, 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).

Examples of Secured Interest Rate Agreement in a sentence

• 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.

• 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.

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.

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.

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.

Secured Interest Rate Agreement shall have the meaning provided in the second WHEREAS clause of this Agreement.

Secured Interest Rate Agreement means an Interest Rate Agreement (other --------------------------------- than any Total Rate of Return Swap) (i) between the Borrower and (A) any Lender or (B) any Affiliate of any Lender; provided, that, in the case of this clause -------- (B), each Lender has agreed to indemnify its Affiliates from any losses incurred due to the failure of the Borrower to pay any amounts owed to such Affiliate in connection with such Interest Rate Agreement, and (ii) that, in the Permitted Discretion of the Agent, is intended to protect the Borrower from fluctuations in interest rates and is otherwise satisfactory to the Agent.