Common use of Interest Rate Protection Clause in Contracts

Interest Rate Protection. No later than the 90th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintain, Hedging Agreements acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 11 contracts

Samples: Second Lien Credit Agreement (STR Holdings, Inc.), First Lien Guarantee and Collateral Agreement (STR Holdings LLC), Credit Agreement (Sun Healthcare Group Inc)

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Interest Rate Protection. No later than the 90th 180th day after the Closing DateDate (or such later date as may be agreed to in writing by the Administrative Agent on or prior to such 180th day), the Borrower shall enter into, and for a minimum of three years thereafter maintain, Hedging Agreements reasonably acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness Borrower’s total Funded Debt being effectively subject to a fixed or maximum interest rate reasonably acceptable to the Administrative Agent.

Appears in 6 contracts

Samples: Assignment and Assumption (TMS International Corp.), Abl Credit Agreement (Tube City IMS CORP), Term Loan Credit Agreement (Tube City IMS CORP)

Interest Rate Protection. No later than the 90th 120th day after the Closing Date, the Borrower shall enter into, and for a minimum of three two years thereafter after the Closing Date maintain, Hedging Agreements reasonably acceptable to the Administrative Agent that result in such that, after giving effect thereto, at least 50% of the aggregate principal amount of its consolidated funded long-term Indebtedness being is effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agentrate.

Appears in 4 contracts

Samples: Second Lien Credit Agreement (Hawkeye Holdings, Inc.), Intercreditor Agreement (Hawkeye Holdings, Inc.), Intercreditor Agreement (Hawkeye Holdings, Inc.)

Interest Rate Protection. No later than the 90th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintainafter the Closing Date, Hedging Interest Rate Protection Agreements acceptable to the Administrative Agent that result in at least 50an amount to be determined by the Administrative Agent of up to 25% of the aggregate principal amount of its funded long-term Indebtedness Terms Loans outstanding hereunder being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 4 contracts

Samples: Credit Agreement (Herbalife Ltd.), Credit Agreement (Herbalife Ltd.), Credit Agreement (Herbalife Ltd.)

Interest Rate Protection. No later than In the 90th day case of the Borrower, within 90 days after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintain, Hedging into Interest Rate Protection Agreements acceptable to the Administrative Agent extent necessary to provide that result in at least 50% of the aggregate principal amount of its funded the non-revolving long-term Indebtedness being effectively of Holdings and its Subsidiaries is subject to either a fixed or maximum interest rate acceptable or interest rate protection for a period of not less than two years, which Interest Rate Protection Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 4 contracts

Samples: Credit Agreement (NBC Acquisition Corp), Credit Agreement (Nebraska Book Co), Credit Agreement (Nebraska Book Co)

Interest Rate Protection. No later than the 90th day after the Closing Restatement Date, the Borrower shall enter into, and for a minimum of three two years thereafter maintain, Hedging Agreements with terms and conditions reasonably acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term the outstanding consolidated Indebtedness (other than the ABL Credit Agreement Obligations) being effectively subject to a fixed or maximum interest rate reasonably acceptable to the Administrative Agent.

Appears in 3 contracts

Samples: Intercreditor Agreement (Toys R Us Inc), Credit Agreement (Toys R Us Inc), Intercreditor Agreement (Toys R Us Inc)

Interest Rate Protection. No later than the 90th day after the Closing DateDate (unless a later date is otherwise agreed to by the Administrative Agent), the Borrower shall enter into, and for a minimum of three years thereafter maintain, Secured Hedging Agreements reasonably acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness the outstanding Term Loans as of such date being effectively subject to a fixed or maximum interest rate reasonably acceptable to the Administrative Agent.

Appears in 3 contracts

Samples: Credit Agreement (School Specialty Inc), Credit Agreement (School Specialty Inc), Credit Agreement (School Specialty Inc)

Interest Rate Protection. No later than In the 90th day case of the Borrower, within three months after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintain, Hedging into Interest Rate Protection Agreements acceptable to the Administrative Agent extent necessary to provide that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness being effectively (i) the Senior Subordinated Notes and (ii) the Term Loans is subject to either a fixed or maximum interest rate acceptable or interest rate protection for a period of not less than three years, which Interest Rate Protection Agreements shall have terms and conditions reasonably satisfactory to the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (NBC Acquisition Corp), Credit Agreement (Nebraska Book Co)

Interest Rate Protection. No later than the 90th 180th day after the Closing Date, the Borrower shall enter into, and for a minimum of three two years thereafter maintain, Hedging Agreements reasonably acceptable to the Administrative Agent that result in at least 5040% of the aggregate principal amount of its funded long-term Indebtedness being effectively subject to a fixed or maximum interest rate reasonably acceptable to the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Ryan's Restaurant Leasing Company, LLC), Credit Agreement (Buffets Holdings, Inc.)

Interest Rate Protection. No later than the 90th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintain, Hedging Interest Rate Protection Agreements acceptable to the Administrative Agent that result in at least an amount to be determined by the Administrative Agent of up to 50% of the aggregate principal amount of its funded long-term Indebtedness Terms Loans outstanding hereunder being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Wh Holdings Cayman Islands LTD), Credit Agreement (Herbalife International Inc)

Interest Rate Protection. No later than the 90th 180th day after the Closing Date, the Borrower shall enter into, and for a minimum of three two years thereafter maintainthereafter, Hedging Agreements with terms and conditions reasonably acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness the Term Loans and Senior Subordinated Loans being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agentrate.

Appears in 2 contracts

Samples: Credit Agreement (Mattress Firm Holding Corp.), Credit Agreement (Mattress Firm Holding Corp.)

Interest Rate Protection. No later than the 90th 120th day after the Closing Date, the Borrower Borrowers shall enter into, and for a minimum of three 2 years thereafter maintain, Hedging Interest Rate Agreements with terms and conditions reasonably acceptable to the Administrative Agent that result in at least 5040% of the aggregate principal amount of its funded long-term the Loans and the Term Loans under the First Lien Credit Agreement and any Refinancing Indebtedness in respect thereof being effectively subject to a fixed or maximum interest rate reasonably acceptable to the Administrative Agent.

Appears in 2 contracts

Samples: Security Agreement (Emdeon Inc.), Security Agreement (Emdeon Inc.)

Interest Rate Protection. No Within 120 days after the Closing Date (or such later date as the Administrative Agent may reasonably agree), the Borrower will enter into, and thereafter maintain for a period of not less than the 90th day 24 months after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintain, Hedging Agreements acceptable to the Administrative Agent extent necessary to provide that result in at least 5033% of the aggregate principal amount of its funded long-term Indebtedness being effectively the Term Loans is subject to either a fixed or maximum interest rate acceptable or interest rate protection on terms and conditions and pursuant to documentation reasonably satisfactory to the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (PetroLogistics LP), Credit Agreement (PetroLogistics LP)

Interest Rate Protection. No later than the 90th day after the Closing Date, the Borrower shall enter into, and for a minimum of three two years thereafter maintain, interest rate Hedging Agreements acceptable to the Administrative Agent that result in at least no less than 50% of the sum of the aggregate principal amount of its funded long-term Indebtedness (i) the Term Loans then outstanding and (ii) the Senior Subordinated Notes then outstanding being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agentrate.

Appears in 2 contracts

Samples: Lease Agreement (Goodman Global Group, Inc.), Term Loan Credit Agreement (Goodman Sales CO)

Interest Rate Protection. No later than the 90th day nine months after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter and six months from the Closing Date maintain, Hedging Agreements acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness being effectively subject to a fixed or maximum interest rate reasonably acceptable to the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Community Health Systems Inc), Credit Agreement (Community Health Systems Inc)

Interest Rate Protection. No later than the 90th 120th day after the Closing Date, the Borrower Borrowers shall enter into, and for a minimum of three 2 years thereafter maintain, Hedging Interest Rate Agreements with terms and conditions reasonably acceptable to the Administrative Agent that result in at least 5040% of the aggregate principal amount of its funded long-term Term Loans, the Second Lien Loans and any Refinancing Indebtedness in respect thereof being effectively subject to a fixed or maximum interest rate reasonably acceptable to the Administrative Agent.

Appears in 2 contracts

Samples: Security Agreement (Emdeon Inc.), First Lien Security Agreement (Emdeon Inc.)

Interest Rate Protection. No later than the 90th 180th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years one year thereafter maintain, Hedging Agreements acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 2 contracts

Samples: Second Lien Credit Agreement (Weight Watchers International Inc), First Lien Credit Agreement (Weight Watchers International Inc)

Interest Rate Protection. No later than the 90th 60th day after the Closing Date, as such period may be extended by the Administrative Agent in its discretion, the Borrower shall enter into, and for a minimum of three two years thereafter maintain, Hedging Agreements acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its the funded long-term consolidated Indebtedness of Holdings being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Sunterra Corp), First Lien Credit Agreement (Sunterra Corp)

Interest Rate Protection. No later than the 90th day after the Closing Date, the Borrower shall enter into, and for a minimum of three two years thereafter maintain, interest rate Hedging Agreements acceptable to the Administrative Agent that result in at least no less than 50% of the sum of the aggregate principal amount of its funded long-term Indebtedness (i) the Term Loans then outstanding and (ii) the Senior Subordinated Notes then outstanding being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.rate. EXECUTION COPY

Appears in 2 contracts

Samples: Lease Agreement (Goodman Global Group, Inc.), Revolving Credit Agreement (Goodman Sales CO)

Interest Rate Protection. No later than the 90th 180th day after the Closing Date, the Borrower shall enter into, and for a minimum of three two years thereafter maintain, Hedging Agreements with terms and conditions acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Borrower's Consolidated Indebtedness being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Adesa Inc), Credit Agreement (Adesa Inc)

Interest Rate Protection. No later than the 90th 120th day after the Closing Date, the Borrower shall enter into, and for a minimum of three 2 years thereafter maintain, Interest Rate/Currency Hedging Agreements acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness the Term Loans being effectively subject to a fixed or maximum interest rate reasonably acceptable to the Administrative Agent.

Appears in 2 contracts

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

Interest Rate Protection. No As promptly as practicable, but in no event, later than the 90th day after the Closing Date, the Borrower shall enter into, and for a minimum of three two years thereafter maintain, Hedging Hedge Agreements with terms and conditions acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness under the Term Loan Facility being effectively subject to interest at a fixed rate or maximum the interest rate acceptable cost in respect of which shall be fixed, in each case, on terms and conditions reasonable satisfactory to the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Serena Software Inc), Security Agreement (Serena Software Inc)

Interest Rate Protection. No later than the 90th 180th day after the Closing Date, the Borrower shall enter into, and for a minimum of three two years thereafter maintain, Hedging Agreements with terms and conditions reasonably acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness the outstanding Loans being effectively subject to a fixed or maximum interest rate reasonably acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Toys R Us Inc)

Interest Rate Protection. No later than the 90th 120th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years 18 months thereafter maintain, Hedging Agreements acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness the outstanding Term Loans being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Deltek, Inc)

Interest Rate Protection. No later than the 90th day after the Closing Date, the Borrower shall enter into, and for a minimum of three two years thereafter maintain, Hedging Interest Rate Protection Agreements acceptable to the Administrative Agent that result results in at least 50% of the aggregate principal amount of its funded long-term the Borrower's Consolidated Indebtedness being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Intersil Holding Co)

Interest Rate Protection. No later than the 90th day As promptly as practicable and in any event within 15 days after the Closing Date, the Borrower shall will enter into, and for a minimum period of not less than three years thereafter maintainafter the Closing Date maintain in effect, one or more Hedging Agreements acceptable Agreements, the effect of which is to fix or cap the Administrative Agent that result in interest rates applicable to at least 50% of Term Loans, in each case on terms and conditions reasonably acceptable, taking into account current market conditions, to the aggregate principal amount of its funded long-term Indebtedness being effectively subject to Administrative Agent. Each such Hedging Agreement shall be entered into with a fixed or maximum interest rate Person that is reasonably acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Investools Inc)

Interest Rate Protection. No later than the 90th 180th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintain, Hedging Agreements with terms and conditions acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Borrower’s Consolidated Indebtedness other than Revolving Loans being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Thompson Creek Metals CO Inc.)

Interest Rate Protection. No later than the 90th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintain, Hedging Agreements with terms and conditions acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness the Senior Unsecured Notes and the Tranche B Loans other than Revolving Loans being effectively subject to a fixed or maximum interest rate reasonably acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Cambium-Voyager Holdings, Inc.)

Interest Rate Protection. No later than the 90th day 180 days after the Closing Date, the Borrower shall enter into, and for a minimum of three two years thereafter maintain, Hedging Agreements acceptable to the Administrative Agent that result in at least 5040% of the aggregate principal amount of its funded long-term Indebtedness being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Alion Science & Technology Corp)

Interest Rate Protection. No later than the 90th 60th day after the Closing DateDate (or such later date not more than 105 days after the Closing Date as the Administrative Agent in its discretion may agree), the Borrower shall enter into, and for a minimum of three two years thereafter maintain, Hedging Agreements acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness on the Closing Date (after giving effect to the Borrowings hereunder) being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (CCC Information Services Group Inc)

Interest Rate Protection. No later than the 90th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintain, Hedging Agreements acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness the Term Loans being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Sun Healthcare Group Inc)

Interest Rate Protection. No later than the 90th day thirty (30) days after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintain, Hedging into Interest Rate Protection Agreements reasonably acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness being effectively subject to establishing a fixed or maximum interest rate reasonably acceptable to the Administrative AgentAgent for an aggregate notional principal amount equal to at least $30,000,000 for a period of at least five years from the Closing Date.

Appears in 1 contract

Samples: Term Loan Agreement (Alpine Group Inc /De/)

Interest Rate Protection. No later than the 90th 270th day after the Closing Date, the Borrower Borrowers shall enter into, and for a minimum of three two years thereafter maintain, Hedging Interest Rate Agreements acceptable to the Administrative Agent that result in at least 50% $65,000,000 of the aggregate principal amount of its funded long-term Holdings' Consolidated Indebtedness being effectively subject to a fixed or maximum interest rate acceptable to the Administrative AgentAgent through May 28, 2006.

Appears in 1 contract

Samples: Credit Agreement (Basic Energy Services Inc)

Interest Rate Protection. No later than the 90th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintain, Hedging Agreements with terms and conditions reasonably acceptable to the Administrative Agent that result in at least 5025% of the aggregate principal amount of its funded long-term Indebtedness Term Loans then outstanding being effectively subject to a fixed or maximum interest rate reasonably acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Hercules Offshore, Inc.)

Interest Rate Protection. No later than the 90th 30th day after the Original Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintain, Hedging Agreements with terms and conditions acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Borrower’s Consolidated Funded Indebtedness being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (SFBC International Inc)

Interest Rate Protection. No later than the 90th day after the Closing Date, the Borrower shall enter into, and for a minimum of three two years thereafter maintain, Hedging Agreements reasonably acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-the sum of (a) the Loans and (b) the term Indebtedness loans under the First Lien Credit Agreement being effectively subject to a fixed or maximum interest rate reasonably acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Itc Deltacom Inc)

Interest Rate Protection. No later than the 90th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintain, Hedging Agreements with terms and conditions reasonably acceptable to the Administrative Agent that result in at least 5040% of the aggregate principal amount of its funded long-term Borrower’s Consolidated Indebtedness other than Revolving Loans being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (TTM Technologies Inc)

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Interest Rate Protection. No later than the 90th 30th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintain, Hedging Agreements with terms and conditions acceptable to the Administrative Agent that result in at least 5033% of the aggregate principal amount of its funded long-term Borrower’s Consolidated Indebtedness other than Additional Revolving Loans being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Inventiv Health Inc)

Interest Rate Protection. No later than the 90th 120th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintain, Hedging Agreements with terms and conditions reasonably acceptable to the Administrative Agent that result in at least 5040% of the aggregate principal amount of its funded long-term Borrower's Consolidated Indebtedness other than Revolving Loans being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agentrate.

Appears in 1 contract

Samples: Credit Agreement (Kendle International Inc)

Interest Rate Protection. No later than the 90th 60th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintain, Hedging Agreements with terms and conditions acceptable to the Administrative Agent that result in at least 50% $180,000,000 of the aggregate principal amount of its funded long-term Borrower’s Consolidated Indebtedness other than Revolving Loans being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Banta Corp)

Interest Rate Protection. No later than the 90th 30th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years 18 months thereafter maintain, Hedging Agreements acceptable to the Administrative Agent that result in at least 50100% of the aggregate principal amount of its funded long-term Indebtedness the Loans being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (St Louis Riverboat Entertainment Inc)

Interest Rate Protection. No later than the 90th 60th day after the Closing DateDate (or such later date not more than 105 days after the Closing Date as the Administrative Agent in its discretion may agree), the Borrower shall enter into, and for a minimum of three two years thereafter maintain, Hedging Agreements acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness on the Closing Date (after giving effect to the Borrowings hereunder) being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.. ARTICLE VI

Appears in 1 contract

Samples: Credit Agreement (CCC Information Services Group Inc)

Interest Rate Protection. No Not later than the 90th day ninety days after the Closing Date, the Borrower shall enter into, and for a minimum of three two years thereafter maintain, Hedging Agreements with terms and conditions acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness the Borrower’s Consolidated Debt other than Revolving Credit Loans being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (NPC International Inc)

Interest Rate Protection. No later than the 90th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintain, Hedging Agreements with terms and conditions reasonably acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Borrower’s Consolidated Indebtedness other than Revolving Loans being effectively subject to a fixed or maximum interest rate reasonably acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (On Assignment Inc)

Interest Rate Protection. No later than the 90th day after the Closing Date, the Borrower shall enter into, and for a minimum of three two years thereafter maintain, Hedging Agreements with terms and conditions reasonably acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term the outstanding consolidated Indebtedness (other than the ABL Credit Agreement Obligations) being effectively subject to a fixed or maximum interest rate reasonably acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Toys R Us Inc)

Interest Rate Protection. No later than the 90th 180th day after the Closing Date, the Borrower shall enter into, and for a minimum of three two years thereafter maintain, Hedging Agreements with a Lender or an Affiliate of a Lender reasonably satisfactory to the Administrative Agent, with a maturity of at least two years and with terms and conditions reasonably acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness the Term Loans being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agentrate.

Appears in 1 contract

Samples: Credit Agreement (Merge Healthcare Inc)

Interest Rate Protection. No later than the 90th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years one year thereafter maintain, Hedging Agreements with terms and conditions reasonably acceptable to the Administrative Agent that result in at least 5030% of the aggregate principal amount of its funded long-term Borrower's Consolidated Indebtedness being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (HealthSpring, Inc.)

Interest Rate Protection. (a) No later than the 90th 180th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintain, Hedging Hedge Agreements with terms and conditions acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness Loans, Bridge Loans and Permanent Financing being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Term Loan Agreement (Source Interlink Companies Inc)

Interest Rate Protection. No later than the 90th 60th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintain, Hedging Agreements with terms and conditions reasonably acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness the Term Loans being effectively subject to a fixed or maximum interest rate reasonably acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Commscope Inc)

Interest Rate Protection. No later than the 90th day 90 days after the Closing Date, the Borrower Borrowers shall enter intointo (or maintain existing), and for a minimum of three two years thereafter maintain, Hedging Agreements acceptable to the Administrative Agent that result in at least 5030% of the aggregate principal amount of its funded long-term Indebtedness the Term Loans, as of the date of the respective Hedging Agreement, being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Corel Corp)

Interest Rate Protection. No later than the 90th 60th day after the Closing Date, the Borrower shall enter into, and for a minimum of three two years thereafter maintain, Hedging Interest Rate Protection Agreements acceptable to the Administrative Agent that result results in at least 50% of the aggregate principal amount of its funded long-term the Borrower's Consolidated Indebtedness being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Fairchild Semiconductor International Inc)

Interest Rate Protection. No later than the 90th 180th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years 18 months thereafter maintain, Hedging Agreements with terms and conditions and counterparties acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness the Term Loans being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (PHC Inc /Ma/)

Interest Rate Protection. No later than the 90th 60th day after the Closing Date, the Borrower Borrowers shall enter into, and for a minimum of three years 42 months thereafter maintain, Hedging Agreements acceptable to the Administrative Agent that result in at least 50% of the $500,000,000 in aggregate principal amount of its funded long-term Indebtedness the Term Loans being effectively subject to a fixed or maximum interest rate reasonably acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (NRG Energy Inc)

Interest Rate Protection. No later than the 90th 30th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintain, Hedging Agreements with terms and conditions acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Borrower's Consolidated Funded Indebtedness being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (SFBC International Inc)

Interest Rate Protection. No later than the 90th day after the Closing Date, the Borrower shall enter into, and for a minimum of three two years thereafter maintain, Hedging Agreements reasonably acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-the sum of (a) the Term Loans and (b) the term Indebtedness loans under the Second Lien Credit Agreement being effectively subject to a fixed or maximum interest rate reasonably acceptable to the Administrative Agent.

Appears in 1 contract

Samples: First Lien Credit Agreement (Itc Deltacom Inc)

Interest Rate Protection. No later than the 90th 180th day after the Closing Date, the Borrower shall enter into, and for a minimum of three two years thereafter maintain, Hedging Agreements reasonably acceptable to the Administrative Agent that result in at least 5040% of the aggregate principal amount of its funded long-term Indebtedness being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (CGG Veritas)

Interest Rate Protection. No later than the 90th 30th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintain, Hedging Agreements with terms and conditions acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Borrower’s Consolidated Indebtedness other than Revolving Loans being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Ventiv Health Inc)

Interest Rate Protection. No later than the 90th 180th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintain, Hedging Agreements with terms and conditions acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Borrower’s Consolidated Indebtedness (other than Revolving Loans under the First Lien Credit Agreement) being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Thompson Creek Metals CO Inc.)

Interest Rate Protection. No later than the 90th day after the Closing Date, the Borrower shall enter into, and for a minimum of three two years thereafter maintain, Hedging Agreements acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Term Loan Credit Agreement (King Pharmaceuticals Inc)

Interest Rate Protection. No later than the 90th day Within three hundred sixty five (365) days after the Closing DateDate (or such later date as agreed to in writing by the Administrative Agent), the Borrower shall will enter into, and for a minimum of three years thereafter maintainmaintain in effect, one or more Hedging Agreements acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness being effectively subject to a fixed or maximum interest rate acceptable Transactions on such terms and with such parties as shall be reasonably satisfactory to the Administrative Agent, the effect of which shall be to fix or limit the interest cost to the Borrower with respect to at least fifty percent (50%) of the Term Loan.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Exactech Inc)

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