Interest hedging Sample Clauses

Interest hedging a) The Borrowers shall not enter into any interest hedging arrangements or Hedging Agreements with other parties than the Hedging Bank, subject to such interest hedging arrangements being offered on competitive terms. b) If the Hedging Bank cannot offer promptly when requested during business hours interest hedging arrangements and Hedging Agreements on competitive terms, the Borrowers may conclude interest hedging arrangements and Hedging Agreements with other parties than the Hedging Bank. Any such interest hedging agreements shall not be subject of any Security under any of the Security Documents.

Interest hedging. The Borrowers shall enter into interest hedging arrangements with the Swap Bank only and minimum fifty per cent (50.00%) of the total interest rate risk under the Finance Documents shall be hedged in a manner acceptable in the sole discretion of the Agent prior to the first Drawdown Date.

Interest hedging. Borrower shall maintain in full force and effect, one or more interest rate swaps or other similar agreements with Lender, an Affiliate of Lender, or another counterparty acceptable to Lender, and in a form and substance satisfactory to Lender, which effectively enables Borrower to protect itself against the risk of interest rate fluctuations as to a notional principal amount equal to the unpaid principal balance of the Loan for a term up to and including the applicable Maturity Date.

Interest hedging. Within thirty (30} days of the Drawdown Date, evidence that satisfactory hedging arrangements covering at least seventy per cent (70%) of the interest exposure under the Facility have been entered into by the Borrower.

Interest hedging. Subject to the consent of the Lender (such consent to be given in the Lender’s absolute discretion), the Borrower may, for the purpose of managing its exposure to interest rate fluctuations, request the Lender to enter into a Master Agreement pursuant to which the Borrower may enter into Transactions with the Lender.

Interest hedging. (a) No Obligor shall enter into any agreement for the capping or the hedging of its interest exposure unless: (i) the agreement is in substantially the terms of the ISDA Master Agreement (1992 version, or such other version as the Agent may from time to time at the Borrower's request agree) and with such other amendments as the Agent may reasonably approve in writing, and is on reasonable market terms; (ii) the notional principal amount which is the subject of that agreement shall not, when aggregated with the then existing Hedging Exposure, exceed the hedging limit referred to in paragraph (b) below; (iii) the counterparty under that agreement is or is guaranteed by:

Interest hedging