Examples of Replacement Interest Rate Protection Agreement in a sentence
If, in connection with Borrower’s exercise of any extension option pursuant to Section 5 of the Notes, Borrower delivers a Replacement Interest Rate Protection Agreement, all the provisions of this Article IX applicable to the Interest Rate Protection Agreement delivered on the Closing Date (as amended by the amendment to the Interest Rate Cap Agreement delivered as of the Amendment Effective Date) shall be applicable to the Replacement Interest Rate Protection Agreement.
If at the expiration of the Interest Rate Protection Agreement LIBOR is equal to or greater than 5.5%, Borrower shall enter into a Replacement Interest Rate Protection Agreement.
If, in connection with Borrower’s exercise of any extension option pursuant to Section 5 of the Notes, Borrower delivers a Replacement Interest Rate Protection Agreement, all the provisions of this Article IX applicable to the Interest Rate Protection Agreement delivered on the Closing Date shall be applicable to the Replacement Interest Rate Protection Agreement.