Rate Contracts. Enter into any Rate Contract, except (i) Rate Contracts entered into to hedge or mitigate risks to which the Borrowers or any Subsidiary has actual exposure (other than those in respect of Equity Securities of the Borrowers or any Subsidiary of a Borrower), and (ii) Rate Contracts entered into in order to effectively cap, collar or exchange interest rates (from fixed to floating rates, from one floating rate to another floating rate or otherwise) with respect to any interest-bearing liability or investment of a Borrower or any Subsidiary.
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Sources: Credit Agreement (Sands Regent), Credit Agreement (Sands Regent)
Rate Contracts. Enter into any Rate Contract, except (ia) Rate Contracts entered into to hedge or mitigate risks to which the Borrowers Borrower or any Restricted Subsidiary has actual exposure (other than those in respect of Equity Securities of or the Borrowers Holdings Subordinated Notes or any Subsidiary of a Borrower), the Borrower Subordinated Notes) and (iib) Rate Contracts entered into in order to effectively cap, collar or exchange interest rates (from fixed to floating rates, from one floating rate to another floating rate or otherwise) with respect to any interest-bearing liability or investment of a the Borrower or any Restricted Subsidiary.
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