Interest Rate Xxxxxx definition

Interest Rate Xxxxxx means interest rate exchange, collar, cap, swap, adjustable strike cap, adjustable strike corridor or similar agreements having terms, conditions and tenors reasonably acceptable to the Administrative Agent and entered into by the Credit Parties in order to provide protection to, or minimize the impact upon, the Credit Parties of increasing floating rates of interest applicable to the Funded Debt.

Interest Rate Xxxxxx means, with respect to any Person, all liabilities of such Person under interest rate swap agreements, interest rate cap agreements, basis swap, forward rate agreement and interest collar or floor agreements and all other agreements or arrangements designed to protect such Person against fluctuations in interest rates or currency exchange rates.

Interest Rate Xxxxxx has the meaning set forth in Section 5.12. --------------------

Examples of Interest Rate Xxxxxx in a sentence

• The Borrower will not, and will not permit any of its Subsidiaries to, enter into any Hedge Agreement, other than Permitted Interest Rate Xxxxxx.

• Maintains technical currency and studies vendor products to determine those which best meet client needs.

• As of the Closing Date, neither any Credit Party nor any of their Subsidiaries are a party to any Interest Rate Xxxxxx or any Other Hedging Agreements.

• The Borrower and the Guarantor ------------------------ shall maintain Interest Rate Xxxxxx on a notional amount of the Debt of the Borrower, the Guarantor and their Subsidiaries which, when added to the aggregate principal amount of the Debt of the Borrower, the Guarantor and their Subsidiaries which bears interest at a fixed rate, equals or exceeds 75% of the aggregate principal amount of all Debt of the Borrower, the Guarantor and their Subsidiaries.

• The Borrowers and CarrAmerica LP shall maintain "Interest Rate Xxxxxx" (as defined below) on a notional amount of the Debt of the Borrowers and CarrAmerica LP and their Subsidiaries which, when added to the aggregate principal amount of the Debt of the Borrowers, CarrAmerica LP and their Subsidiaries which bears interest at a fixed rate, equals or exceeds 75% of the aggregate principal amount of all Debt of the Borrowers and CarrAmerica LP and their Subsidiaries.

More Definitions of Interest Rate Xxxxxx

Interest Rate Xxxxxx is defined in Section 9.9.

Interest Rate Xxxxxx means interest rate exchange, collar, cap, swap, adjustable strike cap, adjustable strike corridor or similar agreements having terms, conditions and tenors reasonably acceptable to the Administrative Agent entered into by the Borrower and/or its Subsidiaries in order to provide protection to, or minimize the impact upon, the Borrower and/or such Subsidiaries of increasing floating rates of interest applicable to Indebtedness.

Interest Rate Xxxxxx means interest rate exchange, collar, cap, swap, adjustable strike cap, adjustable strike corridor or similar agreements, each of which (i) shall have a minimum term ending on the then-applicable Maturity Date or, in the case of loans pursuant to which interest shall accrue at a rate other than a fixed rate, a term equal to the term of such floating rate loan (to the extent the term of such floating rate loan is less than the period ending on the then-applicable Maturity Date), (ii) shall have the effect of capping the interest rates covered thereby at a rate equal to or lower than the Hedge Rate at the time of purchase or execution, and (iii) shall be with the Administrative Agent or an Approved Bank as the counterparty. The Borrower shall submit evidence of its compliance with Interest Rate Xxxxxx to the Administrative Agent together with the certificate required to be delivered by the Borrower pursuant to Schedule 5.1(c).

Interest Rate Xxxxxx means all interest rate exchange, collar, cap, swap or similar agreements entered into by the Seller in connection herewith to provide protection to, or minimize the impact upon, the Seller of increasing Yield Rates .

Interest Rate Xxxxxx means all Hedging Agreements entered into by the Borrower and its Restricted Subsidiaries for the purpose of hedging the interest rate exposure associated with the operations of the Borrower and its Restricted Subsidiaries.

Interest Rate Xxxxxx means interest rate exchange, collar, cap, swap, adjustable strike cap, adjustable strike corridor or similar agreements, each of which (i) shall have a minimum term of two (2) years, or, in the case of loans pursuant to which interest shall accrue at a rate other than a fixed rate, a term equal to the term of such floating rate loan (to the extent the term of such floating rate loan is less than two (2) years), (ii) shall have the effect of capping the interest rates covered thereby at a rate equal to or lower than the Cap Rate at the time of purchase or execution, and (iii) shall be with an Approved Bank as the counterparty. It is acknowledged and agreed that the Borrower shall have no obligation to replace any Interest Rate Hedge even if the counterparty thereto shall cease to be an Approved Bank. The Borrower shall submit evidence of its compliance with Interest Rate Xxxxxx to the Lead Agent together with the certificate required to be delivered by the Borrower pursuant to Section 5.1(c).

Interest Rate Xxxxxx means interest rate swap or similar agreements entered into by the Borrower in connection herewith to provide protection to, or minimize the impact upon, the Borrower of increasing interest rates with respect to Senior Advances and Junior Advances.