Designated Transactions. The Borrower may enter into Designated Transactions with the Swap Bank in an aggregate notional principal amount of up to or equal to the aggregate principal amount of the Loan outstanding from time to time on such terms as the Swap Bank and the Borrower shall agree. The Borrower hereby agrees and undertakes throughout the Security Period not to conclude Designated Transactions which would result, at any time during the Security Period, in the notional principal amount of all Designated Transactions then remaining exceeding the amount of the Loan, as reduced from time to time pursuant to Clause 7.
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Sources: Loan Agreement (Oceanfreight Inc.)
Designated Transactions. The Borrower may enter into Designated Transactions with the Swap Bank Banks in an aggregate notional principal amount of up to or equal to the aggregate principal amount of the Loan outstanding from time to time on such terms as the Swap Bank Banks and the Borrower shall agree. The Borrower hereby agrees and undertakes throughout the Security Period not to conclude Designated Transactions which would result, at any time during the Security Period, in the notional principal amount of all Designated Transactions then remaining exceeding the amount of the Loan, as reduced from time to time pursuant to Clause 7.
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