Common use of Interest Rate Contracts Clause in Contracts

Interest Rate Contracts. The Borrower shall, within 30 days after the Closing Date, enter into an Interest Rate Contract or Contracts, on terms and with counterparties satisfactory to the Administrative Agent, to the extent necessary to ensure that no less than 50% of the Borrower’s Consolidated Indebtedness (other than the Revolving Credit Outstandings) effectively bears interest at a fixed rate for a term of at least three consecutive years following the date thereof.

Interest Rate Contracts. The Borrower shall, within 30 days after the Closing Date, enter into an Interest Rate Contract or Contracts, on terms and with counterparties a tenor satisfactory to the Administrative Agent, to the extent necessary covering a notional amount sufficient to ensure that no less than at least 50% of the Borrower’s Consolidated Indebtedness (other than Financial Covenant Debt of the Revolving Credit Outstandings) Borrower is effectively bears interest at paid on a fixed fixed-rate for a term of at least three consecutive years following the date thereofbasis.

Interest Rate Contracts. The Borrower shall, within 30 days after the Closing Date, enter into an Interest Rate Contract or Contracts, on terms and with counterparties satisfactory to the Administrative Agent, to the extent necessary to ensure that no less than 50% of the Borrower’s Consolidated Indebtedness (other than the “Revolving Credit Outstandings” as defined in the First Lien Credit Agreement) effectively bears interest at a fixed rate for a term of at least three consecutive years following the date thereof.

Interest Rate Contracts. The Borrower shall, within 30 90 days after the Closing Date, enter into an and thereafter maintain Interest Rate Contract or Contracts, Contracts on terms and with counterparties reasonably satisfactory to the Administrative Agent, to provide protection against fluctuation of interest rates until the extent necessary 3rd anniversary of the Closing Date for a notional amount equal to ensure that no less than at least 50% of the Borrower’s Consolidated Indebtedness (other than aggregate principal amount of the Revolving Credit Outstandings) effectively bears interest at a fixed rate for a term of at least three consecutive years following the date thereofTerm Loan Facility.

Interest Rate Contracts. The Borrower shall, within 30 60 days after the Closing Date, enter into an and thereafter maintain Interest Rate Contract or Contracts, Contracts on terms and with counterparties reasonably satisfactory to the Administrative Agent, to provide protection against fluctuation of interest rates until the extent necessary to ensure that no less than 50% third anniversary of the Borrower’s Closing Date for a notional amount that, when added to the aggregate principal amount of Consolidated Indebtedness (other than the Revolving Credit Outstandings) effectively bears Total Debt of Holdings bearing interest at a fixed rate for a term of rate, equals at least three consecutive years following 35% of the date thereof.aggregate principal amount of the Consolidated Total Debt of Holdings..

Interest Rate Contracts. The Borrower shall, within 30 60 days after the Closing Date, enter into an and thereafter maintain Interest Rate Contract or Contracts, Contracts on terms and with counterparties reasonably satisfactory to the Administrative Agent, to provide protection against fluctuation of interest rates until the extent necessary to ensure that no less than 50% third anniversary of the Borrower’s Closing Date for a notional amount that, when added to the aggregate principal amount of Consolidated Indebtedness (other than the Revolving Credit Outstandings) effectively bears Total Debt of Holdings bearing interest at a fixed rate for a term of rate, equals at least three consecutive years following 35% of the date thereofaggregate principal amount of the Consolidated Total Debt of Holdings.

Interest Rate Contracts. The Each Borrower shall, within 30 days after the Closing Date, enter into an and thereafter maintain Interest Rate Contract or Contracts, Contracts on terms and with counterparties reasonably satisfactory to the Administrative Agent, to provide protection against fluctuation of interest rates until the extent necessary Scheduled Maturity Date for a notional amount that, when added to ensure that no less than 50% the aggregate principal amount of the Borrower’s Consolidated Indebtedness (other than the Revolving Credit Outstandings) effectively bears Total Debt of Parent bearing interest at a fixed rate for a term of rate, equals at least three consecutive years following 75% of the date thereofaggregate principal amount of the Consolidated Total Debt of Parent.

Interest Rate Contracts. The Borrower shall, within 30 90 days after the Closing Date, enter into an and thereafter maintain Interest Rate Contract or Contracts, Agreements on terms and with counterparties reasonably satisfactory to the Administrative Agent, to provide protection against fluctuation of interest rates until the extent necessary to ensure 2nd anniversary of the Closing Date for a notional amount that no less than equals at least 50% of the Borrower’s Consolidated Indebtedness (other than aggregate principal amount of the Revolving Credit Outstandings) effectively bears interest at a fixed rate for a term of at least three consecutive years following Term Loans and Second Lien Loans made on the date thereofClosing Date.

Interest Rate Contracts. The Borrower shall, within 30 120 days after the Closing Date, enter into an and thereafter maintain Interest Rate Contract or Contracts, Contracts on terms and with counterparties reasonably satisfactory to the Administrative Agent, to provide protection against fluctuation of interest rates until the extent necessary to ensure 2nd anniversary of the Closing Date for a notional amount that no less than equals at least 50% of the Borrower’s Consolidated Indebtedness (other than aggregate principal amount of the Revolving Term Loan Facility as defined herein and the Term Loan Facility as defined in the First Lien Credit Outstandings) effectively bears interest at a fixed rate for a term of at least three consecutive years following the date thereofAgreement.

Interest Rate Contracts. The Each Borrower shall, within 30 days after the Closing Date, enter into an and thereafter maintain Interest Rate Contract or Contracts, Contracts on terms and with counterparties reasonably satisfactory to the Administrative Agent, to provide protection against fluctuation of interest rates until the extent necessary to ensure that no less than 50% of the Borrower’s Consolidated Indebtedness (other than the Revolving Credit Outstandings) effectively bears interest at a fixed rate for a term of at least three consecutive years following the date thereofScheduled Maturity Date.

Interest Rate Contracts. The Borrower shall, within 30 60 days after the Closing Date, enter into an and thereafter maintain Interest Rate Contract or Contracts, Contracts on terms and with counterparties reasonably satisfactory to the Administrative Agent, to provide protection against fluctuation of interest rates until the extent necessary third (3rd) anniversary of the Closing Date for a notional amount that, when added to ensure that no less than the aggregate principal amount of Consolidated Total Debt of Parent bearing interest at a fixed rate, equals at least 50% of the Borrower’s aggregate principal amount of the Consolidated Indebtedness (other than the Revolving Credit Outstandings) effectively bears interest at a fixed rate for a term Total Debt of at least three consecutive years following the date thereofParent.