Common use of Application of Facilities Clause in Contracts

Application of Facilities. The Credit Facility established hereby shall be used by the Borrower and its Subsidiaries to: (i) refinance existing Debt of the Borrower and its Subsidiaries, including without limitation, Debt outstanding under the Prior Bank Commitments; (ii) finance share repurchases and permitted acquisitions by the Borrower; (iii) provide liquidity support for commercial paper issuances; and (iv) finance the working capital, capital expenditures and general corporate purposes of the Borrower and its Subsidiaries; 19 and, accordingly, the Borrower shall apply all amounts raised by it hereunder in or towards satisfaction of such purposes and neither the Administrative Agent and the Lenders nor any of them shall be obliged to concern themselves with such application.

Application of Facilities. The Credit Facility established hereby shall be used by the Borrower Borrowers and its their respective Subsidiaries to: (i) refinance existing Debt of the Borrower Company and its Subsidiaries, including without limitation, Debt outstanding under the Prior Bank CommitmentsAgreement and Swingline Loans; (ii) finance share repurchases and permitted non-hostile acquisitions by the Borrower; (iii) provide liquidity support for commercial paper issuancesCompany and its Subsidiaries that are permitted hereunder; and (iviii) finance the working capital, capital expenditures and general other lawful corporate purposes of the Borrower Company and its Subsidiaries; 19 and, accordingly, each of the Borrower Borrowers shall apply all amounts raised by it such Borrower hereunder in or towards satisfaction of such purposes and neither the Administrative Agent and the Lenders nor any of them shall be obliged to concern themselves with such application.

Application of Facilities. The Credit Facility established ------------------------- hereby shall be used by the Borrower Borrowers and its their respective Subsidiaries to: (i) refinance existing Debt of the Borrower Company and its Subsidiaries, including without limitation, Debt outstanding under the Prior Bank CommitmentsCommitment and Swingline Loans; (ii) finance share repurchases and permitted non-hostile acquisitions by the Borrower; (iii) provide liquidity support for commercial paper issuancesCompany and its Subsidiaries that are permitted hereunder; and (iviii) finance the working capital, capital expenditures and general other lawful corporate purposes of the Borrower Company and its Subsidiaries; 19 and, accordingly, each of the Borrower Borrowers shall apply all amounts raised by it such Borrower hereunder in or towards satisfaction of such purposes and neither the Administrative Agent and the Lenders nor any of them shall be obliged to concern themselves with such application.