Common use of Interest Rate Protection Agreements Clause in Contracts

Interest Rate Protection Agreements. In the case of the Company, as promptly as practicable and in any event within 180 days after the Effective Date, enter into, and for a period of not less than three years after the Effective Date maintain in effect, one or more Swap Agreements, the effect of which is that at least 50% of Consolidated Net Debt at such time will bear interest at a fixed or capped rate or the interest cost in respect of which will be fixed or capped, in each case on terms and conditions reasonably acceptable, taking into account current market conditions, to the Administrative Agent.

Interest Rate Protection Agreements. In the case of the CompanyHoldings, as promptly as practicable and in any event within 180 days after the Effective Closing Date, enter into, and for a period of not less than three two years after the Effective Closing Date maintain in effect, one or more Swap Agreements, the effect of which is that at least 50% of Consolidated Net Debt at such time will bear interest at a fixed or capped rate or the interest cost in respect of which will be fixed or capped, in each case on terms and conditions reasonably acceptable, taking into account current market conditions, to the Administrative Agent and with parties reasonably acceptable to the Administrative Agent.

Interest Rate Protection Agreements. In the case of the Company, as promptly as practicable and in any event within 180 days Within one year after the Effective Closing Date, enter into, and maintain in effect for a period of not less than three years after the Effective Date maintain in effectyears, one or more Swap Agreements, the effect of which is that at all times during such three-year period at least 50% of the Consolidated Net Debt at such time Total Indebtedness will bear interest at a fixed or capped rate or the interest cost in respect of which will be fixed or capped, in each case on terms and conditions reasonably acceptable, taking into account current prevailing market conditionsconditions at the time of entering into such Swap Agreement, to the Administrative Agent.

Interest Rate Protection Agreements. In the case of the Company, as promptly as practicable and in any event within 180 days Within one year after the Restatement Effective Date, enter into, and maintain in effect for a period of not less than three years after the Effective Date maintain in effectyears, one or more Swap Agreements, the effect of which is that at all times during such three-year period at least 50% of the Consolidated Net Debt at such time Total Indebtedness will bear interest at a fixed or capped rate or the interest cost in respect of which will be fixed or capped, in each case on terms and conditions reasonably acceptable, taking into account current prevailing market conditionsconditions at the time of entering into such Swap Agreement, to the Administrative Agent.

Interest Rate Protection Agreements. In the case of the Company, as promptly as practicable and in any event within 180 days after the Effective Original Closing Date, enter into, and for a period of not less than three years after the Effective Original Closing Date maintain in effect, one or more Swap Agreements, the effect of which is that at least 50% of Consolidated Net Debt at such time will bear interest at a fixed or capped rate or the interest cost in respect of which will be fixed or capped, in each case on terms and conditions reasonably acceptable, taking into account current market conditions, to the Administrative Agent.