Secured Interest Rate Protection Agreement definition

Secured Interest Rate Protection Agreement means any Interest Rate Protection Agreement entered into by Borrower with a counter party that is a Lender (or an affiliate thereof).
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Secured Interest Rate Protection Agreement. – means any Swap Agreement entered into by and between Borrower and Wells Fargo or any of its Affiliates in connection the Loan, which Swap Agreement shall be secured by the Security Instrument pursuant to the terms therein, provided that, Borrower may request, no later than the date such Swap Agreement is entered into, that certain Lenders are offered an opportunity to participate in such Swap Agreement, and, upon receipt of such request, Wells Fargo shall offer such Lenders a participation in such Swap Agreement, on terms and conditions reasonably acceptable to Wells Fargo. Any Secured Interest Rate Protection Agreement shall be secured only by the Secured Collateral (as defined in the Security Instrument) pursuant to the terms of the Security Instrument, and shall not be secured by any other collateral, guaranty, letter of credit or any other credit enhancements of any nature.
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Secured Interest Rate Protection Agreement means any Interest Rate Protection Agreement meant to hedge interest rate or currency fluctuations under this Agreement.
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Examples of Secured Interest Rate Protection Agreement in a sentence

  • Neither Borrower nor any of its Subsidiaries is not a party to, nor will it be a party to, any Interest Rate Protection Agreement unless it is a Secured Interest Rate Protection Agreement.

  • Following the expiration of the Spread Maintenance Period, or at any time if permitted or required pursuant to the terms of the Loan Documents as a result of a casualty or condemnation, prepayments may be made without the payment of a Spread Maintenance Fee; provided, however, all such prepayments shall be subject to payment of any applicable Benchmark Price Adjustment (if any) and payment of any amounts due and payable under any Secured Interest Rate Protection Agreement.

  • In connection with and as a condition of such prepayment, Borrower shall pay to Administrative Agent, on the prepayment date, (1) prior to the expiration of the Spread Maintenance Period, the Spread Maintenance Fee, (2) in connection with a prepayment of any Benchmark Loan, any applicable Benchmark Price Adjustment payable in respect thereof and (3) any amounts due and payable under any Secured Interest Rate Protection Agreement.

  • Any Secured Interest Rate Protection Agreement shall be secured only by the Secured Collateral (as defined in the Security Instrument) pursuant to the terms of the Security Instrument, and shall not be secured by any other collateral, guaranty, letter of credit or any other credit enhancements of any nature.

  • Neither Borrower nor any of its ---------------------------------- Subsidiaries is not a party to, nor will it be a party to, any Interest Rate Protection Agreement unless it is a Secured Interest Rate Protection Agreement.

  • No Interest Rate Protection Agreement (other than a Secured Interest Rate Protection Agreement which will be secured by the Security Instrument pursuant to the terms therein) may be secured by the Collateral, or any direct or indirect interest therein.

  • No debt other than the Loan may be secured by any direct or indirect interest in the Property, the Operating Lessee or the Borrower, whether senior, subordinate or pari passu, provided, however, that any Swap Agreement that is a Secured Interest Rate Protection Agreement shall be secured by the Security Instrument on a pari passu basis with the other Secured Obligations (as defined in the Security Instrument) pursuant to the terms therein.


More Definitions of Secured Interest Rate Protection Agreement

Secured Interest Rate Protection Agreement means any Swap Agreement entered into by and between Borrower and Xxxxx Fargo or any of its Affiliates in connection the Loan, which Swap Agreement shall be secured by the Security Instrument pursuant to the terms therein, provided that, Borrower may request, no later than the date such Swap Agreement is entered into, that certain Lenders are offered an opportunity to participate in such Swap Agreement, and, upon receipt of such request, Xxxxx Fargo shall offer such Lenders a participation in such Swap Agreement, on terms and conditions reasonably acceptable to Xxxxx Fargo. Any Secured Interest Rate Protection Agreement shall be secured only by the Secured Collateral (as defined in the Security Instrument) pursuant to the terms of the Security Instrument, and shall not be secured by any other collateral, guaranty, letter of credit or any other credit enhancements of any nature.
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Secured Interest Rate Protection Agreement means any Interest Rate Protection Agreement permitted under Sections 9 and 10 of this Agreement that is entered into by and between any Credit Party and a Hedge Bank.
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Secured Interest Rate Protection Agreement means any Interest Rate
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Secured Interest Rate Protection Agreement. Any interest rate protection agreement entered into from time to time by a Bank or any of its Affiliates with a Loan Party." "Secured Parties. Agent, the Banks, the Cash Management Banks and any Bank or Affiliate of a Bank that has entered into an interest rate protection agreement with any Loan Party."
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Related to Secured Interest Rate Protection Agreement

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

  • Rate Protection Agreement means, collectively, any interest rate swap, cap, collar or similar agreement entered into by the Borrower pursuant to the terms of this Agreement under which the counterparty to such agreement is (or at the time such Rate Protection Agreement was entered into, was) a Lender or an Affiliate of a Lender.

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

  • Interest Rate Protection Obligations means the obligations of any Person pursuant to any Interest Rate Protection Agreements.

  • 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 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 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 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.

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

  • Agreed Interest Rate means that interest rate determined as of the time it is to be applied that is equal to the lesser of (i) 5% in excess of the discount rate established by the Federal Reserve Bank of San Francisco as it may be adjusted from time to time, or (ii) the maximum interest rate permitted by Law.

  • 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;

  • 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%.

  • Net Mortgage Interest Rate As to any Mortgage Loan and Distribution Date, such Mortgage Loan's Mortgage Interest Rate thereon on the first day of the month preceding the month of the related Distribution Date reduced by (i) the Servicing Fee Rate and (ii) the Trustee Fee Rate.

  • 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.

  • Mortgage Interest Rate For any Mortgage Loan, the per annum rate at which interest accrues on such Mortgage Loan pursuant to the terms of the related Mortgage Note.

  • 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.

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

  • Mortgage Interest Rate Cap With respect to an Adjustable Rate Mortgage Loan, the limit on each Mortgage Interest Rate adjustment as set forth in the related Mortgage Note.

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

  • Interest Protection Agreement of any Person means any interest rate swap agreement, interest rate collar agreement, option or futures contract or other similar agreement or arrangement designed to protect such Person or any of its Subsidiaries against fluctuations in interest rates with respect 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.

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