Common use of Interest Rate Protection Clause in Contracts

Interest Rate Protection. The Borrower shall no later than 90 days following the Initial Borrowing Date enter into, and thereafter maintain for at least two years, Interest Rate Protection Agreements satisfactory to the Administrative Agent fixing a fixed or maximum interest rate on at least $200,000,000 of the floating rate Indebtedness of the Borrower and its Subsidiaries (including, without limitation, the Loans).

Appears in 3 contracts

Samples: Credit Agreement (Inacom Corp), Credit Agreement (Inacom Corp), Credit Agreement (Inacom Corp)

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Interest Rate Protection. The Borrower shall no No later than 90 days following the Initial Borrowing Date Date, the Borrower will enter into, and shall for 2 years thereafter maintain for at least two yearsmaintain, Interest Rate Protection Agreements satisfactory acceptable to the Administrative Agent fixing Agents establishing a fixed or maximum interest rate on acceptable to the Agents for an aggregate amount equal to at least $200,000,000 40% of the floating rate Indebtedness aggregate principal amount of all Term Loans then outstanding and the amount of the Borrower and its Subsidiaries (including, without limitation, the Loans)Total Tranche A Term Loan Commitment then in effect.

Appears in 2 contracts

Samples: Credit Agreement (Doubletree Corp), Pledge Agreement (Doubletree Corp)

Interest Rate Protection. The Borrower shall no No later than 90 days following the 90th day after the Initial Borrowing Date Date, the Borrower shall enter into, and for a minimum period of two years thereafter maintain for at least two yearsmaintain, Interest Rate Protection Agreements satisfactory to the Administrative Agent fixing establishing a fixed or maximum interest rate on acceptable to the Administrative Agent for an aggregate notional amount equal to at least $200,000,000 50% of the floating rate Indebtedness initial aggregate principal amount of the Borrower and its Subsidiaries (including, without limitation, Initial B Term Loans incurred on the Loans)Initial Borrowing Date.

Appears in 2 contracts

Samples: Credit Agreement (Fairpoint Communications Inc), Credit Agreement (Fairpoint Communications Inc)

Interest Rate Protection. The Borrower shall no No later than 90 ninety (90) days following the Initial Borrowing Date enter intoClosing Date, and thereafter maintain for at least two yearsBorrowers shall maintain, or cause to be maintained, in effect one or more Interest Rate Protection Agreements satisfactory to Agreements, or otherwise fix the Administrative Agent fixing a fixed or maximum interest rate on at least $200,000,000 an amount of Indebtedness, for a term of not less than three (3) years and pursuant to which an amount equal to not less than 50% of the floating rate Indebtedness of the Borrower Initial Term Loans shall be subject to Interest Rate Agreements or otherwise fixed, in each case in form and its Subsidiaries (including, without limitation, the Loans)substance reasonably satisfactory to Administrative Agent.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Prommis Solutions Holding Corp.), Credit and Guaranty Agreement (Prommis Solutions Holding Corp.)

Interest Rate Protection. The Borrower Borrowers shall no later than 90 days following the Initial Borrowing Date enter into, and thereafter maintain for at least two yearsmaintain, Interest Rate Protection Agreements Agreements, reasonably satisfactory to the Administrative Agent fixing Agent, with a term of at least two years from the Initial Borrowing Date, establishing a fixed or maximum interest rate on acceptable to the Administrative Agent in respect of at least $200,000,000 71,000,000 of the floating rate Indebtedness of the Borrower and its Subsidiaries (including, without limitation, the outstanding Term Loans).

Appears in 1 contract

Samples: Credit Agreement (Gleason Corp /De/)

Interest Rate Protection. The Borrower shall no No later than 90 days following the ------------------------ Initial Borrowing Date Date, the Borrower will enter intointo Interest Rate Protection Agreements mutually agreeable to the Borrower and the Agents, and thereafter maintain for with a term of at least two years, Interest Rate Protection Agreements satisfactory to the Administrative Agent fixing establishing a fixed or maximum market rate of interest rate on for an aggregate amount equal to at least $200,000,000 50% of the floating rate Indebtedness aggregate principal amount of the Borrower and its Subsidiaries (including, without limitation, the Loans)all Term Loans then outstanding.

Appears in 1 contract

Samples: Credit Agreement (Idt Corp)

Interest Rate Protection. The Borrower shall no No later than 90 days following the Initial Borrowing Date Date, the Borrower will enter into, into (and thereafter maintain for at least two years, maintain) Interest Rate Protection Agreements satisfactory mutually agreeable to the Borrower and the Administrative Agent fixing Agent, with a term of at least three years, establishing a fixed or maximum interest rate on acceptable to the Administrative Agent for an aggregate notional amount equal to at least $200,000,000 50% of the floating rate Indebtedness aggregate principal amount of the Term Loans outstanding at the time the Borrower and its Subsidiaries (including, without limitation, enters into the Loans)respective Interest Rate Protection Agreement.

Appears in 1 contract

Samples: Credit Agreement (Nuco2 Inc /Fl)

Interest Rate Protection. The Borrower shall no No later than 90 days following the Initial Borrowing Date Date, the Borrower will enter into, into (and thereafter maintain for maintain) Interest Rate Protection Agreements mutually agreeable to the Borrower and the Administrative Agent, with a term of at least two years, Interest Rate Protection Agreements satisfactory to the Administrative Agent fixing establishing a fixed or maximum interest rate on reasonably acceptable to the Administrative Agent for an aggregate notional amount which, when combined with the aggregate principal amount of all Indebtedness then outstanding subject to a fixed interest rate for the term thereof, has the effect of providing fixed interest rates for at least $200,000,000 45% of the floating rate Consolidated Indebtedness of the Borrower and its Subsidiaries (including, without limitation, the Loans)Borrower.

Appears in 1 contract

Samples: Credit Agreement (Bway Corp)

Interest Rate Protection. The Borrower shall no later than 90 days following the Initial Borrowing Merger Date enter into, and thereafter maintain for at least two yearsmaintain, Interest Rate Protection Agreements Agreements, reasonably satisfactory to the Administrative Agent fixing Agent, with a term of at least two years from the Initial Borrowing Date, establishing a fixed or maximum interest rate on acceptable to the Administrative Agent in respect of at least $200,000,000 50% of the floating rate Indebtedness of the Borrower and its Subsidiaries (including, without limitation, the outstanding Term Loans).

Appears in 1 contract

Samples: Security Agreement (Vestar Capital Partners Iv Lp)

Interest Rate Protection. The U.S. Borrower shall no later than ------------------------ 90 days following the Initial Borrowing Date enter into, and thereafter maintain for maintain, Interest Rate Protection Agreements, satisfactory to the Administrative Agent, with a term of at least two years, Interest Rate Protection Agreements satisfactory to the Administrative Agent fixing establishing a fixed or maximum interest rate on acceptable to the Administrative Agent in respect of at least $200,000,000 30% of the floating rate Indebtedness of the Borrower and its Subsidiaries (including, without limitation, the outstanding Term Loans).

Appears in 1 contract

Samples: Credit Agreement (Dade Behring Inc)

Interest Rate Protection. The U.S. Borrower shall no later than 90 days following the Initial Borrowing Date enter into, and thereafter maintain for maintain, Interest Rate Protection Agreements, satisfactory to the Administrative Agent, with a term of at least two years, Interest Rate Protection Agreements satisfactory to the Administrative Agent fixing establishing a fixed or maximum interest rate on acceptable to the Administrative Agent in respect of at least $200,000,000 30% of the floating rate Indebtedness of the Borrower and its Subsidiaries (including, without limitation, the outstanding Term Loans).

Appears in 1 contract

Samples: Credit Agreement (Dade Behring Inc)

Interest Rate Protection. The Borrower shall no later than 90 days following the Initial Borrowing Date enter into, and thereafter maintain for maintain, Interest Rate Protection Agreements, satisfactory to the Administrative Agent, with a term of at least two years, Interest Rate Protection Agreements satisfactory to the Administrative Agent fixing establishing a fixed or maximum interest rate on acceptable to the Administrative Agent in respect of at least $200,000,000 35% of the floating rate Indebtedness initial Principal Amount of the Borrower and its Subsidiaries (including, without limitation, the Term Loans).

Appears in 1 contract

Samples: Credit Agreement (Dade Behring Holdings Inc)

Interest Rate Protection. The Borrower shall no later than 90 ------------------------ days following the Initial Borrowing Date enter into, and thereafter maintain for at least two yearsmaintain, Interest Rate Protection Agreements Agreements, satisfactory to the Administrative Agent fixing Agent, with a term of at least three years, establishing a fixed or maximum interest rate on acceptable to the Agent in respect of an amount of the then outstanding Term Loans equal to at least $200,000,000 of the floating rate Indebtedness of the Borrower and its Subsidiaries (including, without limitation, the Loans)50,000,000.

Appears in 1 contract

Samples: Credit Agreement (Cambridge Industries Inc /De)

Interest Rate Protection. The Borrower shall no No later than 90 days following the Initial Borrowing Date Date, the Borrower will enter intointo Interest Rate Protection Agreements mutually agreeable to the Borrower and the Administrative Agent, and thereafter maintain for with a term of at least two years, Interest Rate Protection Agreements satisfactory to the Administrative Agent fixing establishing a fixed or maximum interest rate on acceptable to the Administrative Agent for an aggregate amount equal to at least $200,000,000 50% of the floating rate Indebtedness aggregate principal amount of the Borrower and its Subsidiaries (including, without limitation, the Loans)all Term Loans then outstanding.

Appears in 1 contract

Samples: Credit Agreement (Scot Inc)

Interest Rate Protection. The Borrower shall no later than 90 60 days following the Initial Borrowing Date enter into, and thereafter maintain for at least two years, Interest Rate Protection Agreements satisfactory into arrangements acceptable to the Administrative Agent fixing establishing a fixed or maximum interest rate on acceptable to the Agent for an aggregate notional amount of $30.0 million of Term Loans for a period of at least $200,000,000 of the floating rate Indebtedness of the Borrower and its Subsidiaries (including, without limitation, the Loans)three years.

Appears in 1 contract

Samples: Credit Agreement (Moovies Inc)

Interest Rate Protection. The Borrower shall no later than Within 90 days following the Initial Borrowing Date Date, the Borrower will enter into, into and thereafter maintain for at least two yearsmaintain, Interest Rate Protection Agreements satisfactory acceptable to the Administrative Agent fixing Agents establishing a fixed or maximum interest rate on acceptable to the Agents for an aggregate amount equal to at least $200,000,000 50% of the floating rate Indebtedness aggregate principal amount of the Borrower and its Subsidiaries (including, without limitation, the Loans)all Term Loans then outstanding.

Appears in 1 contract

Samples: Credit Agreement (Omniquip International Inc)

Interest Rate Protection. The Borrower shall no later than 90 days following the Initial Borrowing Date enter into, into interest rate protection arrangements in form and thereafter maintain for at least two years, Interest Rate Protection Agreements satisfactory substance and with parties reasonably acceptable to the Administrative Agent fixing a fixed or maximum interest rate on at least $200,000,000 of the floating rate Indebtedness of the Borrower and its Subsidiaries (including, without limitation, the Loans)Agent.

Appears in 1 contract

Samples: Credit Agreement (Scovill Holdings Inc)

Interest Rate Protection. The Borrower shall no No later than 90 days following the Initial Borrowing Date Date, the Borrower will enter into, into (and thereafter maintain for maintain) an Interest Rate Protection Agreement mutually acceptable to the Borrower and the Administrative Agent, having a term of at least two years, for an aggregate notional principal amount equal to at least 33-⅓% of the aggregate principal amount of the Term Loans outstanding on the date such Interest Rate Protection Agreements satisfactory to Agreement is entered into by the Administrative Agent fixing a fixed or maximum interest rate on at least $200,000,000 of the floating rate Indebtedness of the Borrower and its Subsidiaries (including, without limitation, the Loans)Borrower.

Appears in 1 contract

Samples: Credit Agreement (United Online Inc)

Interest Rate Protection. The Borrower shall no later than 90 60 days following the Initial Borrowing Date enter into, and thereafter maintain for at least two years, into Interest Rate Protection Agreements Agreements, reasonably satisfactory to the Administrative Agent fixing Agent, with a term of at least three years, establishing a fixed or maximum interest rate on acceptable to the Agent in respect of at least $200,000,000 50% of the floating rate Indebtedness of the Borrower and its Subsidiaries (including, without limitation, the then outstanding Term Loans).

Appears in 1 contract

Samples: Credit Agreement (Labtec Inc /Ma)

Interest Rate Protection. The Borrower shall no No later than 90 days following the ------------------------ Initial Borrowing Date Date, the Borrower will enter into, into (and thereafter maintain for maintain) Interest Rate Protection Agreements mutually agreeable to the Borrower and the Administrative Agent, with a term of at least two years, Interest Rate Protection Agreements satisfactory to the Administrative Agent fixing establishing a fixed or maximum interest rate on acceptable to the Administrative Agent for an aggregate amount equal to at least $200,000,000 50% of the floating rate Indebtedness aggregate principal amount of the Borrower and its Subsidiaries (including, without limitation, the Loans)all Term Loans then outstanding.

Appears in 1 contract

Samples: Credit Agreement (Manitowoc Co Inc)

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Interest Rate Protection. The Borrower shall no later than 90 ------------------------ days following the Initial Borrowing Date enter into, and thereafter maintain for at least two yearsmaintain, Interest Rate Protection Agreements Agreements, satisfactory to the Administrative Agent fixing Agent, with a term of at least three years, establishing a fixed or maximum interest rate on acceptable to the Agent in respect of at least $200,000,000 50% of the floating rate Indebtedness of the Borrower and its Subsidiaries (including, without limitation, the outstanding Term Loans).

Appears in 1 contract

Samples: Credit Agreement (Wesley Jessen Holding Inc)

Interest Rate Protection. The Borrower shall no No later than 90 days following the Initial Borrowing Date Date, the Borrower will enter into, into (and thereafter maintain for at least two years, maintain) Interest Rate Protection Agreements satisfactory mutually acceptable to the Borrower and the Administrative Agent fixing Agent, having a term of at least two years and establishing a fixed or maximum interest rate on reasonably acceptable to the Administrative Agent for an aggregate notional principal amount equal to at least $200,000,000 50% of the floating rate Indebtedness aggregate principal amount of the Borrower and its Subsidiaries (including, without limitation, the Loans)all Term Loans then outstanding.

Appears in 1 contract

Samples: Credit Agreement (Semtech Corp)

Interest Rate Protection. The Borrower shall no No later than 90 days following the Initial Borrowing Date Date, the Borrower will enter into, into (and thereafter maintain for at least two years, maintain) Interest Rate Protection Agreements satisfactory mutually acceptable to the Borrower and the Administrative Agent fixing Agent, having a term of at least three years, establishing a fixed or maximum interest rate on reasonably acceptable to the Administrative Agent for an aggregate notional principal amount equal to at least $200,000,000 50% of the floating rate Indebtedness aggregate principal amount of the Borrower and its Subsidiaries (including, without limitation, the Loans)all Loans then outstanding.

Appears in 1 contract

Samples: Credit Agreement (NightHawk Radiology Holdings Inc)

Interest Rate Protection. The Borrower shall no No later than 90 days following the Initial Borrowing Date Date, the Borrower will enter into, into (and thereafter maintain for through at least two yearsJanuary 31, 2011) one or more Interest Rate Protection Agreements satisfactory mutually acceptable to the Borrower and the Administrative Agent fixing and establishing a fixed or maximum interest rate on reasonably acceptable to the Administrative Agent for an aggregate notional principal amount equal to at least $200,000,000 40% of the floating rate Indebtedness aggregate principal amount of all Initial Term Loans incurred on the Borrower and its Subsidiaries (including, without limitation, the Loans)Initial Borrowing Date.

Appears in 1 contract

Samples: Credit Agreement (Information Services Group Inc.)

Interest Rate Protection. The Borrower shall no later than 90 days following the Initial Borrowing Effective Date enter into, and thereafter maintain for at least two years, into Interest Rate Protection Agreements satisfactory in form and substance to the Administrative Agent fixing Agent, with a term of at least three years, establishing a fixed or maximum interest rate on acceptable to the Agent in respect of at least $200,000,000 75% of the floating rate Indebtedness of the Borrower and its Subsidiaries (including, without limitation, the outstanding Term Loans).

Appears in 1 contract

Samples: Credit Agreement (Pine Holdings Inc)

Interest Rate Protection. The Borrower shall no No later than 90 days following the Initial Borrowing Date Date, the Borrower will enter into, into (and thereafter maintain for maintain) Interest Rate Protection Agreements mutually acceptable to the Borrower and the Administrative Agent, having a term of at least two years, Interest Rate Protection Agreements satisfactory to the Administrative Agent fixing establishing a fixed or maximum interest rate on for an aggregate notional principal amount equal to at least $200,000,000 50% of the floating rate Indebtedness aggregate principal amount of the Borrower and its Subsidiaries (including, without limitation, Initial Term Loans incurred on the Loans)Initial Borrowing Date.

Appears in 1 contract

Samples: Credit Agreement (PAETEC Holding Corp.)

Interest Rate Protection. The Borrower shall no later than 90 60 days following the Initial Borrowing Date date on which the Total Term Loan Commitment has been reduced to zero enter into, and thereafter maintain for at least two years, Interest Rate Protection Agreements satisfactory into arrangements acceptable to the Administrative Agent fixing establishing a fixed or maximum interest rate on acceptable to the Administrative Agent for an aggregate notional amount of at least $200,000,000 50% of the floating rate outstanding principal amount of Indebtedness other than the Senior Subordinated Discount Notes or the Senior Subordinated Bridge Notes, as applicable, on such date for a period of the Borrower and its Subsidiaries (including, without limitation, the Loans)at least three years.

Appears in 1 contract

Samples: Credit Agreement (Ubiquitel Inc)

Interest Rate Protection. The Borrower shall will, no later than 90 sixty (60) days following the Initial Borrowing Date Closing Date, enter into, into and thereafter maintain for at least two years, Interest Rate Protection Agreements satisfactory arrangements acceptable to the Administrative Agent fixing and the Required Lenders which have the effect of establishing a fixed or maximum interest rate on acceptable to Administrative Agent and the Required Lenders for an aggregate notional principal amount of Indebtedness equal to at least $200,000,000 50,000,000 for a period of the floating rate Indebtedness of the Borrower and its Subsidiaries at least two (including, without limitation, the Loans)2) years.

Appears in 1 contract

Samples: Credit Agreement (TNS Inc)

Interest Rate Protection. The Borrower shall no No later than 90 120 days following the Initial Borrowing Date Date, the Borrower will enter into, into (and thereafter maintain for at least two years, maintain) Interest Rate Protection Agreements satisfactory mutually acceptable to the Borrower and the Administrative Agent fixing Agent, having a term of at least three years from the date of such Interest Rate Protection Agreements, establishing a fixed or maximum interest rate on for an aggregate notional principal amount equal to at least $200,000,000 50% of the floating rate Indebtedness aggregate principal amount of the Borrower and its Subsidiaries (including, without limitation, the Loans)all Initial Term Loans then outstanding.

Appears in 1 contract

Samples: Security Agreement (Town Sports International Holdings Inc)

Interest Rate Protection. The Borrower shall no No later than 90 days following the Initial Borrowing Date Date, the Borrower will enter into, into (and thereafter maintain for at least two years, maintain) Interest Rate Protection Agreements satisfactory mutually agreeable to the Borrower and the Administrative Agent fixing Agent, with a term of at least three years, establishing a fixed or maximum interest rate on acceptable to the Administrative Agent in respect of that notional amount of Indebtedness as would be required to ensure that at least $200,000,000 50% of the floating rate aggregate principal amount of all long-term Indebtedness of the Borrower and its Subsidiaries (including, without limitation, the Loans)at such time bears interests at a fixed or maximum interest rate.

Appears in 1 contract

Samples: Credit Agreement (Infousa Inc)

Interest Rate Protection. The Borrower shall Borrowers will, no later than 90 ninety (90) days following the Initial Borrowing Date Closing Date, enter into, into and thereafter maintain for at least two years, Interest Rate Protection Agreements satisfactory arrangements reasonably acceptable to Agent which have the Administrative Agent fixing effect of establishing a fixed or maximum interest rate on acceptable to Agent and the Required Lenders for an aggregate notional principal amount of Indebtedness equal to at least $200,000,000 110,000,000 for a period of the floating rate Indebtedness of the Borrower and its Subsidiaries at least three (including, without limitation, the Loans)3) years.

Appears in 1 contract

Samples: Credit Agreement (Natg Holdings LLC)

Interest Rate Protection. The Borrower shall no later than 90 days following the Initial Borrowing Date enter into, and thereafter maintain for at least two yearsmaintain, Interest Rate Protection Agreements Agreements, reasonably satisfactory to the Administrative Agent fixing Agent, with a fixed or maximum interest rate on term of at least $200,000,000 three years from the Initial Borrowing Date, ensuring that 50% of the floating rate aggregate principal amount of all Indebtedness for borrowed money of the Borrower Parent and its Subsidiaries (including, without limitation, after giving effect to the Loans)Transaction and the transactions contemplated hereby bears interest at a fixed rate and/or is subject to such Interest Rate Protection Agreements for such three year period.

Appears in 1 contract

Samples: Credit Agreement (Aearo CO I)

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