Common use of Rate Contracts Clause in Contracts

Rate Contracts. If the Customer shall have been determined to be a Category 2 Customer or a Category 3 Customer, the Customer shall obtain and maintain in full force and effect from a date not later than the Conversion Date one or more Rate Contracts with one or more counterparties acceptable to AEF which effectively enable the Customer (in a manner reasonably satisfactory to AEF (with due consideration to cost, availability and duration of such Rate Contracts), taking into account the currency of denomination of all Qualified Lease Agreements) to protect itself against fluctuations in interest rates and foreign exchange rates relating to Loans hereunder and the Project Financing.

Appears in 2 contracts

Sources: Customer Loan Agreement (Cd Radio Inc), Customer Loan Agreement (Cd Radio Inc)