Common use of Use of Proceeds from AbbVie Cash Distribution Clause in Contracts

Use of Proceeds from AbbVie Cash Distribution. Upon receipt of the AbbVie Cash Distribution, Abbott shall deposit the proceeds in a segregated account and shall use the funds in that account to (i) repay a portion of Xxxxxx’x maturing debt; and (ii) repurchase a portion of Xxxxxx’x existing public debt in one (1) or more tender offers or otherwise, such repayments and repurchases to occur as promptly as practicable, including prior to the Distribution, but in no event later than one (1) year after the Effective Time.