Interest Rate Agreement. 14 Investment....................................................14
Interest Rate Agreement. (a) Any indebtedness incurred pursuant to an Interest Rate Agreement entered into by Borrowers (or any one of them) and Lender shall constitute indebtedness evidenced by the Note and secured by the Mortgages and the other Loan Documents to the same extent and effect as if the terms and provisions of such Interest Rate Agreement were set forth herein, whether or not the aggregate of such indebtedness, together with the disbursements made by Lender of the proceeds of the Loan, shall exceed the face amount of the Note.
Interest Rate Agreement. No later than five (5) Business Days after the Closing Date, Borrower shall have entered into, and shall maintain in full force and effect, one or more LIBO Rate cap agreements and/or interest rate swaps with schedules and confirmations thereto (collectively, the “Interest Rate Agreements”) with respect to a minimum of 75% of the aggregate outstanding principal of the Term Loans on the Closing Date, on terms and conditions reasonably satisfactory to the Borrower and the counterparty to each such Interest Rate Agreement. Borrower may substitute one type of Interest Rate Agreement for another type of Interest Rate Agreement, which substitution shall not otherwise constitute an Event of Default.
Interest Rate Agreement. The Borrowers (x) will, no later than the date occurring 60 days after the Initial Borrowing Date, enter into Interest Rate Agreements which cover for at least two years from the Initial Borrowing Date at least $125,000,000 of the outstanding Term Loans on terms reasonably satisfactory to the Agent and (y) may thereafter, enter into Interest Rate Agreements which cover additional amounts of outstanding Term Loans on terms (and in such amounts) reasonably satisfactory to the Administrative Agent.
Interest Rate Agreement. Within one hundred twenty (120) days after the Closing Date, Borrower will, with respect to an aggregate amount equal to at least fifty percent (50%) of the principal amount of the Loans outstanding, enter into, and thereafter maintain, one or more Interest Rate Agreements with counterparties reasonably acceptable to Administrative Agent providing for interest rate protection for a term expiring on a date no less than two (2) years after the date of entering into each such Interest Rate Agreement, all on terms and conditions reasonably satisfactory to Administrative Agent. Upon the request of Administrative Agent, Xxxxxxxx shall execute and deliver (with the consent of the counterpart thereto) a collateral assignment of such Interest Rate Agreement or Interest Rate Agreements, with terms and conditions reasonably acceptable to Administrative Agent, as additional Collateral for the Obligations.
Interest Rate Agreement. 16 -------- * This table of contents shall not, for any purpose, be deemed to be a part of the Indenture.
Interest Rate Agreement. With regard to the Initial Interest Rate Agreement, the Borrower hereby elects to unwind the Initial Interest Rate Agreement as of the Third Amendment Date and to deliver a new Interest Rate Agreement with a term expiring on the Maturity Date (as extended in accordance with the terms hereof).
Interest Rate Agreement. Within sixty (60) days after the request of Agent, Borrower shall enter into, and thereafter shall maintain, Interest Rate Agreements with counterparties acceptable to Agent providing for interest rate protection (i) for an aggregate notional amount of not less than fifty percent (50%) of the then outstanding principal amount of the Term Loans, (ii) for a maximum interest rate with respect to such notional amount based on LIBOR plus the LIBOR Margin then in effect plus an amount not in excess of three percent (3.0%), (iii) for a three (3) year period from the request of Agent for the Interest Rate Agreement and (iv) with other terms and conditions satisfactory to the Agent.
Interest Rate Agreement. The Borrower will enter into Interest ----------------------- Rate Agreements reasonably satisfactory to the Agents (x) no later than the date occurring 30 days after the Closing Date, to the extent, if any, necessary so that at least 25% of the aggregate outstanding principal amount of the Consolidated Debt at the time of the entering into of any such Interest Rate Agreement has a fixed interest rate or is covered by such Interest Rate Agreements for a period of at least two years following the Closing Date and (y) no later than the date occurring nine months after the Closing Date, to the extent, if any, necessary so that at least 50% of outstanding Consolidated Debt at the time of the entering into of any such Interest Rate Agreement has a fixed interest rate or is covered by such Interest Rate Agreements for a period of at least two years following the Closing Date.
Interest Rate Agreement. Any interest rate swap agreement (whether from fixed to floating or from floating to fixed), interest rate cap agreement, interest rate collar agreement, interest rate futures contract, interest rate option agreement or other similar agreement or arrangement to which the Borrower and any Lender or Affiliate of any Lender is a party, designed to manage interest rates or interest rate risk in connection with this Credit Agreement or any other Indebtedness for borrowed money evidenced by bonds, debentures or other similar instruments owed by the Borrower or any of its Subsidiaries.
