Hedging Facilities. The Borrower shall maintain in full force and effect the interest rate swaps, caps and/or other Derivatives Obligations entered into pursuant to Section 5.27 of either Existing Credit Agreement.
Hedging Facilities. The Borrower will, at its sole cost and expense not later than 60 days following the Acquisition Date, enter into and thereafter maintain in full force and effect interest rate cap or swap agreements or similar agreements on such terms as shall be reasonably acceptable to the Administrative Agent and that shall result in the interest rate payable on not less than (i) at any time prior to the Consummation Date, 30% of Total Debt at such time and (ii) at any time on and after the Consummation Date, 40% of Total Debt at such time, being effectively (or in fact) fixed.
Hedging Facilities. If the aggregate principal amount of Revolving Credit Loans outstanding reaches at any time an amount equal to or greater than $15,000,000, the Lenders may require that the Company, at its sole cost and expense, enter into and thereafter maintain in full force and effect interest rate cap agreements in such amounts and on such terms as shall reasonably be requested by the Agent.
Hedging Facilities. No later than ninety (90) days after the Closing Date, the Borrower will enter into and maintain in full force and effect one or more hedging agreements in such amounts and on such terms as shall result in effectively limiting the cost to the Borrower of changes in LIBOR with respect to an aggregate notional principal amount not less than 50% of the aggregate principal amount of the Loans outstanding on the Closing Date for a period of at least two (2) years beginning on the Closing Date. The Borrower will not and will not permit any of its Subsidiaries to, incur any Hedging Liabilities except for purposes of hedging and not for speculative purposes.
Hedging Facilities. Not later than 60 days after the Closing Date the Borrower will have entered into and thereafter maintain in full force and effect interest rate agreements in such amounts and on such terms as shall result in effectively limiting the interest cost to the Borrower on the Term Loans in an aggregate notional principal amount not less than $300,000,000 for a period of three years beginning on such date, all on terms and conditions reasonably satisfactory to the Required Lenders.
Hedging Facilities. Not later than 60 days after the Effective Date the Borrowers will have entered into and thereafter maintain in full force and effect interest rate agreements, swaps, caps or other appropriate hedging arrangements in such amounts and on such terms as to convert to fixed rate or otherwise limit, in a manner satisfactory to the Agent, the floating interest rate risk on at least 662/3% in aggregate principal amount of all Term Loans outstanding from time to time for a period of no less than three years beginning on such date, all on terms and conditions reasonably satisfactory to the Required Lenders.
Hedging Facilities. Unless the Administrative Agent otherwise consents in its sole discretion, not than ninety (90) days after the Closing Date, the Borrower shall enter into and maintain in full force and effect one or more hedging agreements in such amounts and on such terms as shall result in effectively limiting the cost to the Borrower of changes in LIBOR with respect to an aggregate notional principal amount not less than 50% of the aggregate principal amount of the Term Loans outstanding on the Closing Date for a period of at least three (3) years beginning on the Closing Date. The Borrower will not and will not permit any of its Subsidiaries to, incur any Hedging Liabilities except for purposes of hedging and not for speculative purposes.
Hedging Facilities. Not later than 30 days after a Borrowing Date, NAJ will enter into, and will thereafter maintain in full force and effect, agreements with the Agent in such amounts and on such terms as shall result in effectively fixing the interest cost to NAJ on the Loans NAJ borrows under this Agreement and translating the payments of principal of and interest on such Loans to Yen for the scheduled term of such Loans made on such Borrowing Date.
Hedging Facilities. Upon the request of the Required Lenders, the Company will, at its sole cost and expense, enter into and thereafter maintain in full force and effect interest rate cap agreements in such amounts and on such terms as shall reasonably be requested by the Required Lenders.
Hedging Facilities. Not later than sixty (60) days following the Closing Date, the Company will, at its sole cost and expense, enter into and thereafter maintain in full force and effect an interest rate cap agreement for a term of three (3) years, in an initial notional amount of $15,000,000 and thereafter amortizing on a pro rata basis with the Tranche A Loans, with a strike price at 8.8% per annum, or upon such other terms as may be agreed to by the Agent in its sole discretion.
