Common use of Variable Rate Debt Clause in Contracts

Variable Rate Debt. Borrower shall cause fifty percent (50%) or more of Total Adjusted Outstanding Indebtedness to bear interest (i) by reference to a rate of interest that is fixed until the earlier of the final maturity of such Indebtedness or the Revolving Credit Termination Date, or (ii) by reference to a floating or variable rate of interest which is hedged or otherwise capped pursuant to an interest rate swap, cap or other agreement acceptable to the Administrative Agent.

Variable Rate Debt. Borrower shall cause fifty percent (50%) or more of Total Adjusted Outstanding Indebtedness to bear interest (i) by reference to a rate of interest that is fixed until the earlier of the final maturity of such Indebtedness or the Revolving Credit Termination Date, or (ii) by reference to a floating or variable rate of interest which is hedged or otherwise capped pursuant to an interest rate swap, cap or other agreement reasonably acceptable to the Administrative Agent.