Common use of Rate Protection Agreements Clause in Contracts

Rate Protection Agreements. In the case of the Borrower, within 100 days following the Merger Date, enter into (and thereafter maintain in effect) Rate Protection Agreements providing for interest rate protection on customary terms, for a period of at least two years following the Merger Date, with respect to at least 50% of the sum of the aggregate principal amount of the then-outstanding Term Loans.