Interest Rate Protection Agreements definition

Interest Rate Protection Agreements means any interest rate swap agreement, interest rate cap agreement, synthetic cap, collar or floor or other financial agreement or arrangement designed to protect Guarantor or any Consolidated Subsidiary against fluctuations in interest rates or to reduce the effect of any such fluctuations.

Interest Rate Protection Agreements means any agreement providing for an interest rate swap, cap or collar, or any other financial agreement designed to protect against fluctuations in interest rates.

Interest Rate Protection Agreements means, with respect to any Person, any arrangement with any other Person whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying either a floating or a fixed rate of interest on a stated notional amount in exchange for periodic payments made by such Person calculated by applying a fixed or a floating rate of interest on the same notional amount and shall include without limitation, interest rate swaps, caps, floors, collars and similar agreements.

Examples of Interest Rate Protection Agreements in a sentence

• Interest Rate Protection Agreements - The amount to be paid or received is accrued as interest rates change and is recognized over the life of the agreements as an adjustment to interest expense.

• Notwithstanding the foregoing, Obligations arising under Designated Interest Rate Protection Agreements, Designated Hedge Agreements and Designated Treasury Services Agreements shall be excluded from the application described above if the Administrative Agent has not received written notice thereof, together with such supporting documentation as the Administrative Agent may request, from the applicable Guaranteed Creditor.

• We recorded $3.2 million in mark to market gain, offset by $0.5 million in quarterly payments, which is included in Mark-to-Market Gain on Interest Rate Protection Agreements on the Consolidated Statements of Operations for the year ended December 31, 2009.During the year ended December 31, 2009, we sold 3,034,120 shares of the Company’s common stock, generating approximately $15.9 million in net proceeds, under the direct stock purchase component of the DRIP.

• Any failure, wholly or partially, to make timely any payment of the principal of or interest when due on the Bonds (including Purchased Bonds but subject to the limitation of Section 7.02(h)) or any Parity Debt (including payments under Interest Rate Protection Agreements which payments are secured on parity with Parity Debt) or on any general obligation indebtedness issued, assumed or guaranteed by the State, which default continues beyond any applicable grace period.

• Buyer shall have received all information requested from Seller relating to Interest Rate Protection Agreements pursuant to Section 13(y), and Buyer shall have determined that such Interest Rate Protection Agreements are acceptable to Buyer in its sole discretion.

More Definitions of Interest Rate Protection Agreements

Interest Rate Protection Agreements means any interest rate, swap, cap, floor, collar, forward rate agreement or other rate protection transaction, or any combination of such transactions or agreements or any option with respect to any such transactions or agreements now existing or hereafter entered into by Company or any of its Subsidiaries to manage existing or anticipated interest rate risk and not for speculative purposes.

Interest Rate Protection Agreements means any interest rate swap agreement, interest rate cap agreement or similar arrangement used by a Person to fix or cap a floating rate of interest on Indebtedness to a negotiated maximum rate or amount.

Interest Rate Protection Agreements means, with respect to any Person, any interest rate swap agreement, interest rate cap or collar agreement or other financial agreement or arrangement designed to protect such Person against fluctuations in interest rates, as in effect from time to time.

Interest Rate Protection Agreements means, with respect to the Borrowers, an interest rate swap, cap or collar agreement or similar arrangement between a Borrower and one or more Lenders providing for the transfer or mitigation of interest rate risks either generally or under specified contingencies.

Interest Rate Protection Agreements means any interest rate swap, interest rate cap, interest rate collar or other interest rate hedging agreement or arrangement.

Interest Rate Protection Agreements collectively, all interest rate swap, cap, ceiling, hedge or other interest rate protection agreements designed to hedge against fluctuations in interest rates entered into by the Borrower with any financial institution.

Interest Rate Protection Agreements means any interest rate or currency hedging agreement or arrangement approved by the Agent (such approval not to be unreasonably withheld) entered into by the Borrower and designed to protect against fluctuations in interest rates.