Common use of Hedging Facilities Clause in Contracts

Hedging Facilities. Not later than 180 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 not less than 50% of Total Borrowed Funds 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 180 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 50% of Total Borrowed Funds $300,000,000 for a period of three years beginning on such date, all on terms and conditions reasonably satisfactory to the Required Lenders.