Common use of Interest Rate Protection Clause in Contracts

Interest Rate Protection. Within 180 days after the Effective Date, Company shall enter into one or more Interest Rate Agreements with respect to the Loans, in an amount of not less than 50% of the aggregate amount of Consolidated Total Debt, which Interest Rate Agreements shall have the effect of establishing a maximum interest rate of not more than 10% per annum with respect to such notional principal amount, each such Interest Rate Agreement to be in form and substance satisfactory to Administrative Agent and with a term of not less than three years from the Effective Date.

Interest Rate Protection. Within 180 days No later than the 90th day after the Effective Date, to the extent necessary to result in at least 40% of the aggregate principal amount of the funded long-term Indebtedness of Company and its Subsidiaries being effectively subject to a fixed or a maximum interest rate for a term of at least three years, Company shall enter into one or more Interest Rate Agreements with respect to the Loans, in an amount of not less than 50% of the aggregate amount of Consolidated Total Debt, which Interest Rate Agreements shall have the effect of establishing a maximum interest rate of not more than 10% per annum with respect to such notional principal amountAgreements, each such Interest Rate Agreement to be in form and substance reasonably satisfactory to Administrative Agent and with a term of not less than three years from the Effective DateAgent.

Interest Rate Protection. Within 180 days after the Effective Date, Company shall enter into one or more Interest Rate Agreements with respect to the Loans, in an aggregate notional principal amount of not less than 50% of the aggregate amount of Consolidated Total Debt$100,000,000, which Interest Rate Agreements shall have the effect of establishing a maximum interest rate of not more than 10% per annum with respect to such notional principal amount, each such Interest Rate Agreement to be in form and substance satisfactory to Co-Administrative Agent Agents and with a term of not less than three years from the Effective Date.

Interest Rate Protection. Within 180 On or before the date that is 90 days after the Effective Closing Date, Company shall enter into one or more Interest Rate Agreements with respect to the Loans, in an Term Loans to the extent necessary to cause the portion of the principal amount of not less than the sum of the Senior Subordinated Notes and the Term Loans which is subject to floating interest rate risk to equal 50% of the aggregate amount of Consolidated Total Debt, which or less. Each such Interest Rate Agreements Agreement shall have the be for a term of at least three years and in form and substance reasonably satisfactory to Administrative Agent. Company shall maintain in effect of establishing a maximum interest rate of not more than 10% per annum with respect to such notional principal amount, each such Interest Rate Agreement to be in form and substance satisfactory to Administrative Agent and with a term of not less than three years from the Effective Dateduring its term.

Interest Rate Protection. Within 180 On or before the date which is 90 days after the Effective Closing Date, Company shall enter into into, and maintain in effect for a period of 18 consecutive months, one or more Interest Rate Agreements with respect on such terms as shall be reasonably satisfactory to Administrative Agent, the Loans, in an amount effect of not less than which is that at least 50% of the aggregate then outstanding principal amount of Consolidated Total Debtthe Term Loans would bear interest at, which Interest Rate Agreements shall have the effect of establishing or be hedged (including pursuant to a maximum cap) so far as to effectively bear interest at, a fixed rate of not more than 10% per annum with respect to such notional principal amount, each such Interest Rate Agreement to be in form and substance satisfactory to Administrative Agent and with a term of not less than three years from the Effective Dateinterest.

Interest Rate Protection. Within At all times after the date which is 180 days after the Effective Closing Date, Company shall enter into maintain in effect one or more Interest Rate Agreements with respect to the Loans, in an aggregate notional principal amount of not less than 50% of the aggregate amount of Consolidated Total Debt$50,000,000, which Interest Rate Agreements shall have the effect of establishing a maximum interest rate of not more than 10% per annum with respect to such notional principal amount, each such Interest Rate Agreement to be in form and substance satisfactory to Co-Administrative Agent Agents and with a term of not less than three years from the Effective Dateyears.

Interest Rate Protection. Within 180 No later than 120 days after following the Effective Date, Company shall the Borrower will enter into one or more Interest Rate Protection Agreements with respect mutually acceptable to the LoansBorrower and the Administrative Agent, in an amount of not less than to the extent necessary to provide that at least 50% of the aggregate principal amount of Consolidated Total Debt, which Interest Rate Agreements shall have the effect total funded debt of establishing the Borrower as of the Effective Date is subject to either a maximum fixed interest rate of not more than 10% per annum with respect to such notional principal amount, each such Interest Rate Agreement to be in form and substance satisfactory to Administrative Agent and with or interest rate for a term period of not less than three years from the Effective Dateyears.

Interest Rate Protection. Within 180 At all times after the date which is 120 days after the Effective Date, Company shall enter into maintain in effect one or more Interest Rate Agreements with respect to the Loans, in an aggregate notional principal amount of not less than 50% of the aggregate amount of Consolidated Total Debt, which Interest Rate Agreements shall have Term Loans borrowed or outstanding on the effect of establishing a maximum interest rate of not more than 10% per annum with respect to such notional principal amountEffective Date, each such Interest Rate Agreement to be in form and substance satisfactory to Administrative Agent and with a term of not less than three two years from after the Effective Date.

Interest Rate Protection. (a) Within 180 60 days after from the Effective Datedate hereof, Company shall enter into one or more fixed rate Interest Rate Agreements (which may include the Existing Interest Rate Agreement), in form acceptable to Administrative Agent, with one or more Lenders or institutions acceptable to Administrative Agent, with respect to the Loans, in an amount of not less than at least fifty percent (50% %) of the aggregate amount of Consolidated Communications Total Debt, which Interest Rate Agreements shall have the effect of establishing a maximum interest rate of not more than 10% per annum with respect to such notional principal amount, each such Interest Rate Agreement to be in form and substance satisfactory to Administrative Agent and with a term of not less than three years from Debt outstanding on the Effective Date, with a duration at least two years; provided, however, that the protected rate shall be no greater than 2.5% above the all-in rate as of the Effective Date hereof.

Interest Rate Protection. Within 180 days after the Effective Date, Company shall enter into one or more Interest Rate Agreements with respect to the Loans, in an amount of not less than 50% of the aggregate amount of Consolidated Total Debt, which Interest Rate Agreements shall have the effect of establishing a maximum interest rate of not more than 10% per annum with respect to such notional principal amount, each such Interest Rate Agreement to be in form and substance satisfactory to Administrative Agent and with a term of not less than three years from the Existing Effective Date.

Interest Rate Protection. Within 180 90 days after the Effective Closing Date, Company shall enter into one or more Interest Rate Agreements with respect to the Term Loans, in an aggregate notional principal amount of not less than 50% of the aggregate principal amount of Consolidated Total Debt, which Interest Rate Agreements shall have the effect Term Loans outstanding as of establishing the Closing Date for a maximum interest rate term of not more than 10% per annum with respect to such notional principal amountat least three years, each such Interest Rate Agreement to be in form and substance reasonably satisfactory to Administrative Agent and with a term of not less than three years from the Effective DateAgent. Company shall maintain in effect each such Interest Rate Agreement during its term.