Common use of Interest Rate Hedging Clause in Contracts

Interest Rate Hedging. Within 60 days following the Closing Date, enter into and maintain at all times thereafter, interest rate Hedge Agreements with Persons acceptable to the Administrative Agent, covering a notional amount of not less than $50,000,000 and providing for such Persons to make payments thereunder for a period of no less than 2 years to the extent of increases in interest rates based on LIBOR.

Appears in 1 contract

Samples: Credit Agreement (Shoneys Inc)

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Interest Rate Hedging. Within 60 days following Prior to the 120th day after the Closing Date, enter into into, and maintain at all times thereafter, interest rate Secured Hedge Agreements with Persons acceptable satisfactory to the Administrative Agent, covering a notional amount of not less than $50,000,000 50% of the Term Commitments and providing for such Persons to make payments thereunder for a period of no less than 2 years to the extent of increases in interest rates based on LIBORthree years.

Appears in 1 contract

Samples: First Lien Senior Secured Credit Agreement (WII Components, Inc.)

Interest Rate Hedging. Within 60 Enter into within 90 days following after the Closing Date, enter into and maintain at all times thereafter, interest rate Hedge Agreements with Persons acceptable to the Administrative Agent, covering with an initial average life of at least three years, such that the interest rate of a notional principal amount of not less than $50,000,000 debt at least equal to 50% of the aggregate amount of monies borrowed by Holdings and providing for such Persons to make payments thereunder for its Subsidiaries has been set at a period of no less than 2 years to the extent of increases in interest rates based on LIBORfixed rate.

Appears in 1 contract

Samples: Credit Agreement (Alpharma Inc)

Interest Rate Hedging. Within 60 Enter into, no later than 90 days following the Closing Date, enter into and thereafter maintain at all times thereafter, interest rate Secured Hedge Agreements Agreement with Persons acceptable to the Administrative Agent, covering a notional amount of not less than $50,000,000 35% of the Term Loan Commitments and Term Loans under the Term Loan Facility and providing for such Persons the counterparties thereto to make payments thereunder for a period of no less than 2 years to the extent of increases in interest rates based on LIBOR3 years.

Appears in 1 contract

Samples: Credit Agreement (U.S. Renal Care Inc)

Interest Rate Hedging. Within 60 days following Prior to the 180th day after the Closing DateDate (or such later date as may be specified by the Administrative Agent from time to time in its sole discretion), enter into into, and maintain at all times thereafter, interest rate Secured Hedge Agreements with Persons acceptable reasonably satisfactory to the Administrative Agent, covering a notional amount of not less than $50,000,000 50% of the sum of the principal amount of the Term Loans and providing for such Persons to make payments thereunder the Second Lien Loans outstanding as of the Closing Date for a period of no not less than 2 years to the extent of increases in interest rates based on LIBORyears.

Appears in 1 contract

Samples: First Lien Senior Secured Credit Agreement (Terremark Worldwide Inc)

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Interest Rate Hedging. Within 60 45 days following the Closing Date, enter into and maintain at all times thereafter, interest rate Hedge Agreements with Persons acceptable to the Administrative Agent, covering a notional amount at least 50% of not less than $50,000,000 the outstanding principal balance of the Term Facilities and providing for such Persons to make payments thereunder for a period of no less than 2 years to the extent of increases in interest rates based on LIBORthe Eurodollar Rate.

Appears in 1 contract

Samples: Credit Agreement (Shoneys Inc)

Interest Rate Hedging. Within 60 Enter into prior to 90 days following the Closing Dateafter Closing, enter into and maintain at all times thereafter, interest rate Hedge Agreements with Persons acceptable to the Administrative Agent, covering a notional amount of not less than $50,000,000 and providing for 50% of the Commitments under all of the Facilities or such Persons to make payments thereunder for a period of no less than 2 years other level acceptable to the extent of increases in interest rates based on LIBORAdministrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Headwaters Inc)

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