Common use of Rate Protection Agreements Clause in Contracts

Rate Protection Agreements. Holdings and the Borrowers will enter into or maintain interest rate swaps, caps, collars or similar agreements in a notional amount that, when taken together with the aggregate principal amount of Total Debt subject to a fixed interest rate, will result in at least 50% of the aggregate principal amount of all Total Debt being either fixed, hedged or capped, with the terms of such swap, cap, collar or other arrangements having terms reasonably satisfactory to the Agents.

Rate Protection Agreements. Holdings and the Borrowers will enter into or maintain interest rate swaps, caps, collars or similar agreements in a notional amount that, when taken together with the aggregate principal amount of Total Debt subject to a fixed interest rate, will result in is at least equal to 50% of the aggregate principal amount of all Total Debt being either fixed, hedged or cappedDebt, with the terms of such swap, cap, collar or other arrangements hedging agreements having terms reasonably satisfactory to as the AgentsArrangers, Holdings and the Borrowers shall mutually agree.

Rate Protection Agreements. Holdings and the Borrowers will enter into or maintain interest rate swaps, caps, collars or similar agreements in a notional amount that, when taken together with the aggregate principal amount of Total Debt subject equal to a fixed interest rate, will result in at least 50% of the aggregate principal amount of all Total Debt being either fixed, hedged or capped, with the Term Loans and on such other terms of such swap, cap, collar or other arrangements having terms reasonably satisfactory to as the Agents, Holdings and the Borrowers shall mutually agree.