Common use of Interest Rate Protection Arrangements Clause in Contracts

Interest Rate Protection Arrangements. The Guarantor will not, and will not permit the Borrower to, enter into any interest rate protection arrangements with respect to the Loans with any Person other than the Bank, unless the Guarantor shall have first requested the Bank to enter into an interest rate protection arrangement on terms and conditions proposed in good faith by the Borrower and the Bank shall have declined such request.

Appears in 5 contracts

Samples: Guaranty Agreement (Getty Realty Corp /Md/), Guaranty Agreement (Getty Realty Corp /Md/), Guaranty Agreement (Getty Realty Corp /Md/)

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Interest Rate Protection Arrangements. The Guarantor will not, not and will not permit the Borrower to, to enter into any interest rate protection arrangements with respect to the Loans with any Person other than the Bank, unless the Guarantor shall have first requested the Bank to enter into an interest rate protection arrangement on terms and conditions proposed in good faith by the Borrower and the Bank shall have declined such request.

Appears in 2 contracts

Samples: Loan Agreement (Getty Petroleum Corp), Guaranty Agreement (Getty Realty Corp /Md/)

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