Common use of Master Agreements Clause in Contracts

Master Agreements. The Borrower shall execute the Master Agreements with the Swap Providers on or about the date of this Agreement. Execution of the Master Agreements does not commit the Swap Providers to conclude any Transactions, or even to offer terms of doing so, but does provide a contractual framework within which Transactions may be concluded and secured, assuming that the Swap Providers are willing to conclude a Transaction at the relevant time and that, if that is the case, mutually acceptable terms can be agreed at the relevant time. The Borrower shall promptly notify the Agent of any Transactions that are concluded and secured under the Security Documents and provide the Agent with a copy of the terms governing the same.