Common use of DESCRIPTION OF REVOLVING CREDIT FACILITIES; USE OF PROCEEDS Clause in Contracts

DESCRIPTION OF REVOLVING CREDIT FACILITIES; USE OF PROCEEDS. (a) Subject to and upon the terms and conditions herein set forth, (i) the Syndicated Lenders hereby establish in favor of Borrower a revolving credit facility pursuant to which such Syndicated Lenders agree to make Syndicated Loans to Borrower in accordance with Section 2.02, (ii) each Syndicated Lender may, in its sole discretion, submit bids to make Bid Rate Loans to Borrower in accordance with Section 2.07 and (iii) the Swing Line Lender hereby establishes in favor of Borrower a swing line credit facility pursuant to which the Swing Line Lender agrees to make Swing Line Loans to Borrower in accordance with Section 2.08 provided, however, that (i) in no event may the aggregate principal amount of all outstanding Loans exceed at any time the total Syndicated Loan Commitments from time to time in effect and (ii) in no event shall the outstanding principal amount of the Syndicated Loans of each Syndicated Lender exceed each Syndicated Lender's Pro Rata Share of the Syndicated Loan Commitments. (b) The proceeds of the Syndicated Loans, the Bid Rate Loans and the Swing Line Loans shall be used as working capital and for other general corporate purposes of Borrower and its Consolidated Subsidiaries, including without limitation, acquisitions of the assets of, or the Capital Stock of, any other Person. (c) At no time shall the number of outstanding Borrowings comprised of Eurodollar Advances and Bid Rate Advances exceed eight.

DESCRIPTION OF REVOLVING CREDIT FACILITIES; USE OF PROCEEDS. (a) Subject to and upon the terms and conditions herein set forth, (i) the Syndicated Lenders hereby establish in favor of Borrower a revolving credit facility pursuant to which such Syndicated Lenders agree to make Syndicated Loans to Borrower in accordance with Section 2.02, (ii) each Syndicated the Issuing Lender may, hereby establishes in its sole discretion, submit bids favor of Borrower a letter of credit facility pursuant to make Bid Rate Loans which the Issuing Lender agrees to issue Letters of Credit on behalf of Borrower in accordance with Section 2.07 Article IIA hereof, and (iii) the Swing Line Lender hereby establishes in favor of Borrower a swing line credit facility pursuant to which the Swing Line Lender agrees to make Swing Line Loans to Borrower in accordance with Section 2.08 2.07; provided, however, that (i) in no event may the aggregate principal amount of all outstanding Loans and L/C Obligations exceed at any time the total Syndicated Loan Commitments from time to time in effect and (ii) in no event shall the outstanding principal amount of the Syndicated Loans of each Syndicated Lender exceed each plus such Syndicated Lender's Pro Rata Share of the outstanding principal amount of Swing Line Loans and outstanding L/C Obligations exceed such Syndicated Lender's Syndicated Loan CommitmentsCommitment. (b) The proceeds of the Syndicated Loans, the Bid Rate Loans Letters of Credit and the Swing Line Loans shall be used to refinance existing indebtedness of Borrower under the Existing Credit Agreement, as working capital and for other general corporate purposes of Borrower and its Consolidated Subsidiaries, including without limitation, capital expenditures in the ordinary course of business otherwise permitted hereunder, acquisitions of the assets of, or the Capital Stock of, any other PersonPerson permitted hereunder and the payment of reasonable fees and expenses related to the Facilities. (c) At no time shall the number of outstanding Borrowings comprised of Eurodollar Advances and Bid Rate Advances exceed eight.

DESCRIPTION OF REVOLVING CREDIT FACILITIES; USE OF PROCEEDS. (a) Subject to and upon the terms and conditions herein set forth, (i) the Syndicated Lenders hereby establish in favor of Borrower a revolving credit facility pursuant to which such Syndicated Lenders agree to make Syndicated Loans to Borrower in accordance with Section 2.02, (ii) each Syndicated Lender may, the Issuing Lenders hereby establish in its sole discretion, submit bids favor of Borrower a letter of credit facility pursuant to make Bid Rate Loans which the Issuing Lenders agree to issue Letters of Credit on behalf of Borrower in accordance with Section 2.07 Article IIA hereof, and (iii) the Swing Line Lender hereby establishes in favor of Borrower a swing line credit facility pursuant to which the Swing Line Lender agrees to make Swing Line Loans to Borrower in accordance with Section 2.08 2.07; provided, however, that (i) in no event may the aggregate principal amount Dollar Amount of all outstanding Loans and L/C Obligations exceed at any time the total Syndicated Loan Commitments from time to time in effect and effect, (ii) in no event shall may the aggregate principal Dollar Amount of all outstanding Alternative Currency Loans and L/C Obligations with respect to Alternative Currency Letters of Credit exceed at any time the Alternative Currency Commitment and (iii) in no event may the aggregate outstanding principal amount Dollar Amount of the Syndicated Loans of each Syndicated Lender exceed each plus such Syndicated Lender's ’s Pro Rata Share of the outstanding principal Dollar Amount of Swing Line Loans and outstanding L/C Obligations exceed such Syndicated Lender’s Syndicated Loan CommitmentsCommitment. (b) The proceeds of the Syndicated Loans, the Bid Rate Loans Letters of Credit and the Swing Line Loans shall be used to refinance existing indebtedness of Parent under the Existing Credit Agreement, for share repurchases, as working capital and for other general corporate purposes of Borrower Parent and its Consolidated Subsidiaries, including without limitation, capital expenditures in the ordinary course of business otherwise permitted hereunder, acquisitions of the assets of, or the Capital Stock of, any other PersonPerson permitted hereunder and the payment of reasonable fees and expenses related to the Facilities. (c) At no time shall the number of outstanding Borrowings comprised of Eurodollar Advances and Bid Rate Advances exceed eightten (10).