Common use of Interest Rate Hedging Clause in Contracts

Interest Rate Hedging. Enter into prior to August 18, 2008, and maintain for a period of at least 30 months thereafter, interest rate Swap Contracts on terms reasonably acceptable to the Administrative Agent, covering a notional amount of not less than 50% of the aggregate outstanding indebtedness for borrowed money of the Borrower and its Subsidiaries (other than the Total Revolving Credit Outstandings).

Appears in 2 contracts

Samples: Credit Agreement (Kinetic Concepts Inc /Tx/), Guarantee and Security Agreement (Kinetic Concepts Inc)

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Interest Rate Hedging. Enter into prior to August 18, 2008, the date that is 90 days after the Closing Date and maintain for a period at all times thereafter until the third anniversary of at least 30 months 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 such that at least 50% of the aggregate outstanding indebtedness for borrowed money Term Loans (taking into account the scheduled amortization of the Borrower and its Subsidiaries (other than the Total Revolving Credit Outstandings)Term Loans) bears interest at a fixed rate.

Appears in 2 contracts

Samples: Credit Agreement (MSCI Inc.), Credit Agreement (MSCI Inc.)

Interest Rate Hedging. Enter into prior to August 18, 2008the 90th day after the Closing Date, and maintain for a period of at least 30 months three years thereafter, interest rate Swap Contracts on with Persons and with terms and conditions reasonably acceptable to the Administrative Agent, covering a notional amount of not less than 50% of the aggregate outstanding indebtedness out-standing Indebtedness for borrowed money of the Borrower and its Subsidiaries (other than the Total Revolving Credit Outstandings).

Appears in 2 contracts

Samples: Security Agreement (Health Management Associates Inc), Security Agreement (Health Management Associates Inc)

Interest Rate Hedging. Enter into prior to August 18, 2008no later than 90 days after the Closing Date, and maintain for a period of at least 30 months three years thereafter, interest rate Swap Contracts on terms with Persons reasonably acceptable to the Administrative Agent, covering a notional amount of not less than resulting in at least 50% of the aggregate outstanding indebtedness for borrowed money Outstanding Amount of all Term A Loans being effectively subject to a fixed or maximum interest rate reasonably acceptable to the Borrower and its Subsidiaries (other than the Total Revolving Credit Outstandings)Administrative Agent.

Appears in 1 contract

Samples: Assignment and Assumption (On Assignment Inc)

Interest Rate Hedging. Enter into prior to August 18, 2008no later than 90 days after the Closing Date, and maintain for a period of at least 30 months three years thereafter, interest rate Swap Contracts on terms with a Lender (or an Affiliate of a Lender) or other Persons reasonably acceptable to the Administrative AgentArrangers, covering a notional amount of not less than resulting in at least 50% of the aggregate outstanding indebtedness for borrowed money Outstanding Amount of all Term A Loans and Initial Term B Loans being effectively subject to a fixed or maximum interest rate reasonably acceptable to the Borrower and its Subsidiaries (other than the Total Revolving Credit Outstandings)Arrangers.

Appears in 1 contract

Samples: Credit Agreement (On Assignment Inc)

Interest Rate Hedging. Enter into prior to August 18, 2008the date that is 90 days after the Closing Date, and maintain for a period of at least 30 months all times thereafter, interest rate Swap Contracts on terms reasonably and with Persons acceptable to the Administrative Agent, covering a notional amount of not less than such that at least 50% of the aggregate outstanding indebtedness Indebtedness for borrowed money of the Borrower and its Subsidiaries (other than the Total Revolving Credit Outstandings)Indebtedness of a Disqualified Subsidiary) at all times bears interest at a fixed rate and providing for such Persons to make payments thereunder for a period of no less than two years.

Appears in 1 contract

Samples: Credit Agreement (Leap Wireless International Inc)

Interest Rate Hedging. Enter Within 45 days after the Closing Date, enter into prior to August 18, 2008, and maintain for a period of at least 30 months all times thereafter, interest rate Swap Contracts on terms reasonably with Persons acceptable to the Administrative Agent, covering a notional amount of (a) not less than 100% of the aggregate outstanding Indebtedness for borrowed money, and providing for such Persons to make payments thereunder for an initial period of no less than 18 months and (b) thereafter, not less than 50% of the aggregate outstanding indebtedness Indebtedness for borrowed money of the Borrower money, and its Subsidiaries (other than the Total Revolving Credit Outstandings)providing for such Persons to make payments thereunder.

Appears in 1 contract

Samples: Credit Agreement (Lakes Entertainment Inc)

Interest Rate Hedging. Enter Within 90 days following the Closing Date, the Borrower will enter into prior to August 18, 2008, and maintain for a period of at least 30 months thereafter, two years one or more interest rate Swap Contracts on terms Agreements in form and substance and with Persons reasonably acceptable to the Administrative Agent, covering Agent and providing for protection against fluctuations in interest rate with coverage in a notional amount of not less than 5040% of the aggregate outstanding indebtedness for borrowed money principal amount of the Borrower Term Loan Commitments and its Subsidiaries (other than the Total Revolving Credit Outstandings)Senior Subordinated Debt.

Appears in 1 contract

Samples: Credit Agreement (LifeCare Holdings, Inc.)

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Interest Rate Hedging. Enter into prior to August 18, 2008the date which is 90 days after the date of this Agreement, and maintain for a period of at least 30 months all times thereafter, interest rate Swap Contracts on terms reasonably with Persons acceptable to the Administrative Agent, covering a notional amount of such that not less than 50% of the aggregate outstanding indebtedness Indebtedness for borrowed money of the Borrower and its Subsidiaries (other than the Total excluding Revolving Credit Outstandings)Loans) on a consolidated basis.

Appears in 1 contract

Samples: Credit Agreement (Smart Balance, Inc.)

Interest Rate Hedging. Enter into on or prior to August 18, 2008the date that is ninety (90) days after the Closing Date, and maintain for a period of at least 30 months thereaftertwo years after the Closing Date, interest rate Swap Contracts on terms with Persons reasonably acceptable to the Administrative Agent, covering such that a notional amount of not less than 50% of the aggregate outstanding indebtedness for borrowed money of the Borrower and its Subsidiaries (any Funded Indebtedness, other than the Total any Revolving Credit Outstandings).Loans, accruing interest based on a floating rate interest rate is effectively subject to a fixed or limited rate of interest. 91

Appears in 1 contract

Samples: Credit Agreement (E-Commerce Exchange, Inc)

Interest Rate Hedging. Enter into prior to August 18, 2008within ninety (90) days of the Closing Date, and maintain for a period of at least 30 months thereafterall times thereafter until May 3, interest rate 2016, one or more Swap Contracts on terms reasonably with Persons 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 indebtedness Indebtedness for borrowed money of the Borrower and its Subsidiaries (other than the Total Revolving Credit Outstandings).

Appears in 1 contract

Samples: Credit Agreement (Information Services Group Inc.)

Interest Rate Hedging. Enter into prior to August 18, 2008the date which is 90 days after the date of this Agreement, and maintain for a period of at least 30 months all times thereafter, interest rate Swap Contracts on terms reasonably with Persons acceptable to the Administrative Agent, covering a notional amount of such that not less than 50% of the aggregate outstanding indebtedness Indebtedness for borrowed money of the Borrower and its Subsidiaries (other than the Total excluding Revolving Credit OutstandingsLoans (as defined in the First Lien Credit Agreement)) on a consolidated basis.

Appears in 1 contract

Samples: Credit Agreement (Smart Balance, Inc.)

Interest Rate Hedging. Enter into prior to August 18, 2008no later than 90 days after the Effective Date, and maintain for a period of at least 30 months all times thereafter, interest rate Swap Contracts on terms with Persons reasonably acceptable to the Administrative Agent and having terms and conditions reasonably satisfactory to the Administrative Agent, covering a notional amount of not less than 50to the extent necessary to provide that at least 40% of the aggregate outstanding indebtedness for borrowed money principal amount of all Funded Debt of the Borrower and its Subsidiaries (other than on a consolidated basis is subject to either a fixed interest rate or interest rate protection for a period of the Total Revolving Credit Outstandings)lesser of three years and the remaining period of time to the Term Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Tupperware Brands Corp)

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