Common use of Interest Rate Agreements Clause in Contracts

Interest Rate Agreements. Within one hundred and twenty (120) days after the Closing Date, Borrower shall enter into, and shall thereafter maintain, Interest Rate Agreements providing for interest rate protection for an aggregate amount of $22,500,000 of the principal amount of the outstanding Term Loans for a period of three years on terms and conditions reasonably satisfactory to Agent.

Appears in 3 contracts

Samples: Credit Agreement (Addus HomeCare Corp), Credit Agreement (Addus HomeCare Corp), Credit Agreement (Addus HomeCare Corp)

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Interest Rate Agreements. Within one hundred and twenty (120) days after the Closing Date, Borrower shall enter into, and shall thereafter maintain, Interest Rate Agreements providing for interest rate protection (a) for an aggregate amount of $22,500,000 at least fifty percent (50%) of the outstanding principal amount of the outstanding Term Loans Loan B and Second Lien Loan, (b) for a period of three term expiring no earlier than two years on and six months after the Closing Date and (c) other terms and conditions reasonably satisfactory to Agent.

Appears in 2 contracts

Samples: Credit Agreement (RadNet, Inc.), Credit Agreement (Primedex Health Systems Inc)

Interest Rate Agreements. Within one hundred and twenty (120) days after the Closing Date, Borrower shall enter into, and shall thereafter maintain, Interest Rate Agreements providing for interest rate protection (a) for an aggregate amount of $22,500,000 at least fifty percent (50%) of the outstanding principal amount of the outstanding Term Loans Loan B (as defined in the First Lien Credit Agreement) and the Term Loan C, (b) for a period of three term expiring no earlier than two (2) years on and six months after the Closing Date and (c) other terms and conditions reasonably satisfactory to Agent.

Appears in 2 contracts

Samples: Credit Agreement (RadNet, Inc.), Credit Agreement (Primedex Health Systems Inc)

Interest Rate Agreements. Within one hundred and twenty (120) No later than 60 days after the Closing Date, the Borrower shall enter have entered into, and shall at all times thereafter maintainmaintain in effect, one or more Interest Rate Agreements providing for interest rate protection for an aggregate in a notional amount of at least $22,500,000 of the principal amount of the outstanding Term Loans for a period of three years 12,000,000, in form and on terms and conditions reasonably satisfactory acceptable to the Agent, with Bank or another financial institution acceptable to Agent.

Appears in 1 contract

Samples: Credit Agreement (MWI Veterinary Supply, Inc.)

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Interest Rate Agreements. Within one hundred and twenty ninety (12090) days after the Closing Date, Borrower U.S. Borrowers shall enter into, and shall thereafter maintain, Interest Rate Agreements providing for interest rate protection (1) for an aggregate amount of $22,500,000 87,500,000 of the principal amount of the outstanding Term Loans Loans, (2) for a period of three term expiring no earlier than two (2) years on after the Closing Date and (3) with other terms and conditions reasonably satisfactory to Agent.

Appears in 1 contract

Samples: Credit Agreement (Uap Holding Corp)

Interest Rate Agreements. Within one hundred and twenty (120) On or prior to the date which is 90 days after the Closing Date, Borrower shall enter into, and shall at all times thereafter until the Termination Date maintain, Interest Rate Agreements providing for interest rate protection (1) for an aggregate amount of $22,500,000 50% of the principal amount of the outstanding Term Loans Loan B, (2) for a period of three maximum interest rate reasonably satisfactory to the Agent, (3) for a term expiring no earlier than two (2) years on after the Closing Date and (4) with other terms and conditions reasonably satisfactory to Agent.

Appears in 1 contract

Samples: Credit Agreement (Navarre Corp /Mn/)

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