Specified Derivatives Contracts. No Specified Derivatives Provider that obtains the benefits of Section 11.5 by virtue of the provisions hereof or of any Loan Document shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of any Loan Document other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Specified Derivatives Contracts unless the Administrative Agent has received written notice of such Specified Derivatives Contracts, together with such supporting documentation as the Administrative Agent may request, from the applicable Specified Derivatives Provider.
Specified Derivatives Contracts. Schedule 7.1(z) is, as of the Effective Date, a true, correct and complete listing of all Specified Derivatives Contracts outstanding as of such date that provide a hedge against interest rate risk.
Specified Derivatives Contracts. Each Lender agrees that, if a Lender enters into a Specified Derivatives Contract (for purposes of this Section, referred to as the “Specified Derivatives Lender”), it will provide written notice to the Agent within one Business Day of entering into such Specified Derivatives Contract, which such notice will set forth the terms thereof. Promptly upon receipt of such notice, the Agent will submit such notice to the other Lenders. Each other Lender desiring to participate in such Specified Derivatives Contract will notify the Specified Derivatives Lender of such desire within two Business Days of the Agent’s submission of such notice. Each Lender providing timely notice to the Specified Derivatives Lender will be permitted to participate in such Specified Derivatives Contract upon terms to be determined by the Specified Derivatives Lender and each such Lender providing timely notice.
