Common use of Interest Rate Hedging Clause in Contracts

Interest Rate Hedging. (a) Enter into within ninety (90) days of the Closing Date (or such longer period as may be reasonably acceptable to the Administrative Agent in its sole discretion), and maintain for a period of not less than two (2) years thereafter, interest rate Swap Contracts with Persons reasonably acceptable to the Administrative Agent, covering a notional amount of not less than 50% of the aggregate outstanding amount of the Closing Date Term Facility.

Appears in 5 contracts

Samples: Credit Agreement (Bojangles', Inc.), Credit Agreement (Bojangles', Inc.), Credit Agreement (Bojangles', Inc.)

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Interest Rate Hedging. (a) Enter into within ninety (90) days of the Closing Date (or such longer period as may be reasonably acceptable to the Administrative Agent in its sole discretion), and maintain for a period of not less than two (2) years thereafter, interest rate Swap Contracts with Persons reasonably acceptable to the Administrative Agent, covering a notional amount of not less than 50% of the aggregate outstanding amount of the Closing Date Term Loan Facility.

Appears in 2 contracts

Samples: Credit Agreement (Bojangles', Inc.), Credit Agreement (Bojangles', Inc.)

Interest Rate Hedging. (ab) Enter into within ninety (90) days of the Closing Date (or such longer period as may be reasonably acceptable to the Administrative Agent in its sole discretion), and maintain for a period of not less than two (2) years thereafter, interest rate Swap Contracts with Persons reasonably acceptable to the Administrative Agent, covering a notional amount of not less than 50% of the aggregate outstanding amount of the Closing Date Term Loan Facility.

Appears in 2 contracts

Samples: Credit Agreement (Bojangles', Inc.), Credit Agreement (Bojangles', Inc.)

Interest Rate Hedging. (a) Enter into within ninety (90) No later than a date that is 90 days of after the Closing Date (or such longer period as may be reasonably acceptable to the Administrative Agent in its sole discretion)Date, enter into and maintain for a period of not less than two (2) years at all times thereafter, interest rate Swap Contracts with Persons reasonably acceptable to the Administrative Agent, covering a notional amount of not less than 50% of the aggregate outstanding amount of the Closing Date Term FacilityLoans, on terms reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Athenahealth Inc)

Interest Rate Hedging. Within sixty (a) Enter into within ninety (9060) days of the Closing Date (or such longer period as may be reasonably acceptable to Date, the Administrative Agent in its sole discretion), Borrowers shall enter into and maintain for a period of not less than at least two (2) years thereafterfollowing the Closing Date, interest rate Swap Contracts with Persons reasonably acceptable to the Administrative Agent, covering a notional amount of not less than fifty percent (50% %) of the aggregate outstanding amount of Term Loan and First Lien Term Loan and otherwise with terms and conditions reasonably satisfactory to the Closing Date Term FacilityAdministrative Agent.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Prospect Medical Holdings Inc)

Interest Rate Hedging. Within sixty (a) Enter into within ninety (9060) days of the Closing Date (or such longer period as may be reasonably acceptable to Date, the Administrative Agent in its sole discretion), Borrowers shall enter into and maintain for a period of not less than at least two (2) years thereafterfollowing the Closing Date, interest rate Swap Contracts with Persons reasonably acceptable to the Administrative Agent, covering a notional amount of not less than fifty percent (50% %) of the aggregate outstanding amount of Term Loan and Second Lien Term Loan and otherwise with terms and conditions reasonably satisfactory to the Closing Date Term FacilityAdministrative Agent.

Appears in 1 contract

Samples: First Lien Credit Agreement (Prospect Medical Holdings Inc)

Interest Rate Hedging. (a) Enter into within ninety (90) days of the Closing Date (or such longer period as may be reasonably acceptable to the Administrative Agent in its sole discretion)Date, and maintain for a period of not less than two (2) years at all times thereafter, interest rate one or more Swap Contracts with Persons reasonably acceptable to the Administrative Agent, establishing a fixed or maximum interest rate covering a notional amount of not less than 50% of the aggregate outstanding amount of Indebtedness for borrowed money (other than the Closing Date Term FacilityTotal Revolving Outstandings).

Appears in 1 contract

Samples: Credit Agreement (Information Services Group Inc.)

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Interest Rate Hedging. (a) Enter into within ninety (90) days of prior to the Closing Date (date that is 60 days, or such longer period as may be reasonably acceptable to the Administrative Agent in its sole discretion)may agree, after the Closing Date, and maintain for a period of not less than two (2) three years thereafter, interest rate Swap Contracts with Persons reasonably and on terms acceptable to the Administrative Agent, covering a notional amount of not less than 50% twenty percent (20%) of the aggregate outstanding principal amount of the Closing Date Term FacilityFacilities.

Appears in 1 contract

Samples: Credit Agreement (Quaker Chemical Corp)

Interest Rate Hedging. (a) Enter into within Not later than ninety (90) days of after the Closing Date (or such longer period as may be reasonably acceptable to the Administrative Agent in its sole discretion)Date, enter into and maintain at all times thereafter for a period of not less than two (2) years thereafteryears, interest rate Swap Contracts with Persons reasonably acceptable to the Administrative Agent, covering a notional in an amount of not less than sufficient to cause at least 50% percent of the aggregate outstanding principal amount of the Closing Date outstanding Term FacilityLoans to be fixed rate Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Dennys Corp)

Interest Rate Hedging. (a) Enter into within ninety (90) prior to the date that is 60 days of after the Closing Date (or such longer period as may be reasonably acceptable later date agreed to by the Administrative Agent in its sole discretion), Agent) and maintain for a period at all times thereafter until the second anniversary of not less than two (2) years thereafterthe Closing Date, interest rate Swap Contracts on terms and with Persons reasonably acceptable to the Administrative Agent, covering a notional amount of not less than 50such that at least 30% of the aggregate outstanding amount Term Loans (taking into account the scheduled amortization of the Closing Date Term FacilityLoans) bears interest at a fixed or maximum rate.

Appears in 1 contract

Samples: Credit Agreement (MSCI Inc.)

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