Rate Hedging Agreements Sample Clauses
A Rate Hedging Agreements clause defines the terms under which parties may enter into financial contracts to manage or mitigate the risk of fluctuations in interest rates or currency exchange rates. Typically, this clause outlines the types of permissible hedging instruments, such as swaps or options, and sets requirements for counterparties, documentation, and reporting. Its core practical function is to provide a framework that allows parties to protect themselves from adverse rate movements, thereby reducing financial uncertainty and stabilizing costs associated with variable rates.
Rate Hedging Agreements. The Borrower will not, and will not permit any of its Subsidiaries to, enter into any Rate Hedging Agreement other than Rate Hedging Agreements entered into in the ordinary course of business (not for purposes of speculation) to hedge or mitigate risks related to interest rates or currency exchange rates to which the Borrower or any Subsidiary is exposed in the conduct of its business or the management of its liabilities.
Rate Hedging Agreements. Bank shall, subject to its practices and policies in effect from time to time, permit Borrower to enter into Rate Hedging Agreements in order to adjust the per annum rate payable under the Loans, subject to the satisfaction of all conditions precedent and other requirements as set forth in such Rate Hedging Agreements with Bank, provided that nothing herein shall obligate Bank, as of this date or from time to time, to enter into any Rate Hedging Agreements with Borrower.
Rate Hedging Agreements. If the Hercules Title XI Issue has not been completed within 180 days after the Closing Date, then the Company shall, within 30 days after such initial 180-day period has concluded, enter into Rate Hedging Agreements with a Lender or Lenders in an aggregate notional amount not less than 50% of the outstanding principal amount of the Term Advances that reduces proportionately with the amortization of the Term Advances. Such Rate Hedging Agreements shall be in form and substance reasonably satisfactory to the Administrative Agent.
Rate Hedging Agreements. Borrower or any other Covered Person breaches any of the terms or conditions of any agreement under which any Rate Hedging Obligation is created and such breach continues beyond any applicable grace period, or any action is taken by Borrower or any other Covered Person to discontinue (except with the consent of the Administrative Agent and any Lender which is a counterparty) or assert the invalidity or unenforceability of any such agreement or Rate Hedging Obligation.
Rate Hedging Agreements. As to the Borrower, enter into one or more ----------------------- Rate Hedging Agreements so that interest is fixed on no less than 50% of its Consolidated Total Debt within three months after the Closing Date on terms and conditions mutually satisfactory to the Administrative Agent and the Borrower.
Rate Hedging Agreements. No Credit Party shall enter into any Rate Hedging Agreement or incur any related Rate Hedging Obligations (contingent or otherwise), except for Rate Hedging Agreements that are entered into by such Credit Party in the ordinary course of business for the purpose of directly mitigating risks associated with liabilities, commitments, investments, assets, or property held or reasonably anticipated by such Credit Party and not for purposes of speculation or taking a “market view”.
Rate Hedging Agreements. Any and all agreements, devices or ----------------------- arrangements designed to protect at least one of the parties thereto from the fluctuations of interest rates, exchange rates or forward rates applicable to such party's assets, liabilities or exchange transactions, including, but not limited to dollar-denominated or cross-currency interest-rate exchange agreements, forward-currency-exchange agreements, interest-rate-cap or dollar- protection agreements, forward-rate-currency or interest-rate options, puts and warrants, and (b) any and all cancellations, buy backs, reversals, terminations or assignments of any of the foregoing.