Common use of Rate Hedging Obligations Clause in Contracts

Rate Hedging Obligations. Incur any Rate Hedging Obligations or enter into any agreements, arrangements, devices or instruments relating to Rate Hedging Obligations, except pursuant to Swap Agreements in an aggregate notional amount not to exceed at any time 50% of the Total Revolving Credit Commitment and the amounts outstanding at such time under the Unsecured Notes Offering or as otherwise agreed by the Borrower and the Agent.

Appears in 1 contract

Sources: Credit Agreement (Delta Beverage Group Inc)

Rate Hedging Obligations. Incur any Rate Hedging Obligations or enter into any agreements, arrangements, devices or instruments relating to Rate Hedging Obligations, except pursuant to Swap Agreements in an aggregate notional amount not to exceed at any time 50the sum of (a) 25% of the Total Revolving Credit Commitment and (b) 100% of the amounts outstanding at such time under the Unsecured Notes Offering or as otherwise agreed by the Borrower and the AgentTerm Loan Commitment.

Appears in 1 contract

Sources: Credit Agreement (Ameristeel Corp)

Rate Hedging Obligations. Incur any Rate Hedging Obligations or enter into any agreements, arrangements, devices or instruments relating to Rate Hedging Obligations, except pursuant to Swap Agreements in an aggregate notional amount not to exceed at any time 50% of the Total Revolving Credit Commitment and the amounts outstanding at such time under the Unsecured Notes Offering or as otherwise agreed by the Borrower and the Agent.

Appears in 1 contract

Sources: Credit Agreement (Correctional Properties Trust)