Common use of Versum Financing Arrangements Clause in Contracts

Versum Financing Arrangements. Prior to the Separation Time, Versum shall enter into the Versum Financing Arrangements, on such terms and conditions as described in the Versum Commitment Letter (including the amount that shall be borrowed pursuant to the Versum Financing Arrangements and the terms and interest rates for such borrowings) and the Versum Financing Arrangements shall have been consummated in accordance therewith. Air Products and Versum shall participate in the preparation of all materials and presentations as may be reasonably necessary to secure funding pursuant to the Versum Financing Arrangements, including rating agency presentations necessary to obtain the requisite ratings needed to secure the financing under any of the Versum Financing Arrangements. The Parties agree that Versum, and not Air Products, shall be ultimately responsible for all costs and expenses incurred by, and for reimbursement of such costs and expenses to, any member of the Air Products Group or Versum Group associated with the Versum Financing Arrangements. It is the intent of the Parties that the Versum Financing Cash Distribution is made in connection with the separation and Internal Reorganization, including the transfer of the Versum Assets to Versum in the Internal Reorganization whenever made.