Hedging Obligation. The BorrowerEach Obligor will not, and will not permit any of its Subsidiaries to, enter into any Hedging Obligations other than Hedging Obligations entered into in the ordinary course of business to manage interest rate risk of the Borrowers and not for speculative purposes.
Hedging Obligation. Enter into any agreement in respect of Hedging Obligations, except to hedge risks arising in the Ordinary Course of Business and not for speculative purposes.
Hedging Obligation. The Borrower shall, within ninety days after the Effective Date, enter into, and shall at all times thereafter maintain in full force and effect, Swap Agreements having an initial term of at least two years and in form and substance reasonably satisfactory to the Administrative Agent so that the sum of the notional amount subject to such agreements plus the outstanding principal amount of Indebtedness of the Borrower and its Restricted Subsidiaries which bears interest at a fixed rate equals at all times at least 50% of the principal amount of Indebtedness of the Borrower and its Restricted Subsidiaries then outstanding.
Hedging Obligation. The Borrower shall maintain at all times after the date which is 90 days after the date of this Agreement, agreements, devices or arrangements providing for payments related to fluctuations of interest rates, exchange rates, forward rates or commodity prices, including, but not limited to, interest rate swap or exchange agreements, forward currency exchange agreements, interest rate cap or collar protection agreements, forward rate currency or interest rate options in form, substance and with financial institutions acceptable to Agent, with respect to at least 50% of the outstanding balance of the Term Loan and the Revolving Credit Facility.
Hedging Obligation. The Borrower shall maintain at all times agreements, devices or arrangements providing for payments related to fluctuations of interest rates, exchange rates, forward rates or commodity prices, including, but not limited to, interest rate swap or exchange agreements, forward currency exchange agreements, interest rate cap or collar protection agreements, forward rate currency or interest rate options in form, substance and with financial institutions acceptable to Agent, with respect to 25% of the outstanding balance of the Term Loan and the Revolving Credit Facility.
Hedging Obligation. The Borrower shall maintain in full force and effect the Swap Agreement to which it is a party on the Restatement Effective Date in the notional amount of $25,000,000.00. The Borrower will not enter into any Swap Agreement which would effectively convert fixed rate Indebtedness to floating rate Indebtedness.
Hedging Obligation. The Borrower shall, within ninety days ------------------ after the later of (i) the Initial Borrowing Date or (ii) the date on which Aggregate Outstandings of Credit shall exceed $25,000,000, enter into, and shall at all times thereafter maintain in full force and effect, Interest Hedge Agreements having an initial term of at least two years and in form and substance reasonably satisfactory to the Administrative Agent so that the sum of the notional amount subject to such agreements plus the outstanding principal amount of Indebtedness of the Borrower and its Restricted Subsidiaries which bears interest at a fixed rate equals at all times at least 50% of the principal amount of Indebtedness of the Borrower and its Restricted Subsidiaries then outstanding, and the Borrower shall maintain Interest Hedge Agreements for such percentage coverage for an average term of at least one year at all times thereafter.
