Interest Rate Hedge. An interest rate swap or interest cap agreement providing interest rate protection for interest payable at a variable rate.
Interest Rate Hedge. In the event that Borrower desires to enter into an Interest Rate Hedge with respect to the Obligations, Borrower shall deliver to Agent a collateral assignment of such Interest Rate Hedge in form and substance reasonably satisfactory to Agent (together with resolutions, opinions and other matters as Agent may reasonably require).
Interest Rate Hedge. The term “INTEREST RATE HEDGE” means, with respect to any referenced PERSON, an interest rate swap, hedge, cap or collar agreement or similar arrangement between such PERSON and one or more financial institutions providing for the transfer or mitigation of interest risks either generally or under specific contingencies.
Interest Rate Hedge. The Obligors may hedge their interest rate exposure on all or a portion of the Term Loan by entering into an interest rate hedge agreement with Lender or another counterparty acceptable to Lender. Any documentation relating to such hedge shall contain standard provisions, including make whole provisions, acceptable to Lender.
Interest Rate Hedge. The Issuer will not enter into any Interest Rate Hedge after the Closing Date unless (i) as of the date that such Interest Rate Hedge is entered into, the related Hedge Counterparty has the Hedge Required Ratings and (ii) such Interest Rate Hedge provides that, if the related Hedge Counterparty fails to have the Hedge Required Ratings, such Hedge Counterparty will take the actions that are specified in the Interest Rate Hedge entered into by the Issuer on the Closing Date. Promptly following the termination of any Interest Rate Hedge due to an Event of Default or Termination Event (as each such term is defined in such Interest Rate Hedge), the Issuer will use reasonable efforts to enter into a replacement interest rate hedge on terms similar to those of such terminated Interest Rate Hedge with an eligible hedge counterparty unless the Indenture Trustee sells the Collateral pursuant to Section 5.6(a)(iv).]
Interest Rate Hedge. Borrower may enter into an Interest Rate Hedge on terms and conditions acceptable to PNC Bank.
Interest Rate Hedge. Borrower shall be required to purchase interest rate protection on a minimum of 25% of the senior funded debt through a hedging arrangement with the Bank or another institution acceptable to Agent. The Agent will establish a reserve against loan availability under the Revolving Credit Facility to address any credit exposure to Bank associated with this product.
Interest Rate Hedge. The Borrower shall enter into an Interest Rate Hedge within one (1) month of the Closing Date.
Interest Rate Hedge. Within sixty (60) days of the Effective Date, Borrower shall enter into, and deliver evidence to Agent of, an Interest Rate Hedge with respect to the Obligations (i) in a minimum notional principal amount of $115,000,000.00, (ii) for such period equal to the remaining term of the Loans, and (iii) with such other terms and conditions reasonably acceptable to Agent.
Interest Rate Hedge. At any time, the Administrator may require Borrower (at its expense) (a) within ten Business Days thereafter, to enter into, and thereafter maintain in full force and effect, an amortizing Qualifying Hedge Agreement with a strike price providing for an all-in borrowing rate acceptable to Lender, covering the then existing Loans and based on the expected amortization schedule of such existing Receivable, and (b) to execute such documents and instruments as may be necessary or, in the opinion of the Collateral Agent, desirable, to effect the assignment of its rights thereunder to the Collateral Agent for the benefit of the Secured Parties.
