Venator Debt Financing Sample Clauses
The Venator Debt Financing clause outlines the terms and conditions under which Venator may obtain or utilize debt financing in connection with a transaction or agreement. Typically, this clause specifies the permitted amount, structure, and sources of debt, as well as any requirements or restrictions imposed on the borrower, such as covenants or approval rights. Its core practical function is to ensure that all parties are aware of and agree to the parameters of any debt financing, thereby managing financial risk and maintaining transparency in the transaction process.
Venator Debt Financing. Prior to the Effective Date (to the extent not previously effected prior to the date hereof), Venator shall enter into the Venator Debt Financing, on such terms and conditions as agreed by Huntsman (including the amount that shall be borrowed pursuant to the Venator Debt Financing, any escrow arrangement to pre-fund the Venator Debt Financing and the interest rates for such borrowings). Huntsman and Venator shall participate in the preparation of all materials and presentations as may be reasonably necessary to secure funding pursuant to the Venator Debt Financing, including rating agency presentations necessary to obtain the requisite ratings needed to secure the financing under any of the Venator Debt Financing. The Parties agree that Venator, and not Huntsman, shall be responsible for all third party costs and expenses incurred by, and for reimbursement of, such costs and expenses to, any member of the Huntsman Group related to or associated with the Venator Debt Financing. Venator shall apply all net proceeds received from the sale of the Rule 144A / Capital Markets Securities and borrowings made under the Term Loan Facility to fund the Debt Repayment.
Venator Debt Financing. Prior to the Effective Date (to the extent not previously effected prior to the date hereof), Venator shall enter into the Venator Debt Financing, on such terms and conditions as agreed by Huntsman (including the amount that shall be borrowed pursuant to the Venator Debt Financing and the interest rates for such borrowings). Huntsman and Venator shall participate in the preparation of all materials and presentations as may be reasonably necessary to secure funding pursuant to the Venator Debt Financing, including rating agency presentations necessary to obtain the requisite ratings needed to secure the financing under any of the Venator Debt Financing. The Parties agree that Venator, and not Huntsman, shall be responsible for all costs and expenses incurred by, and for reimbursement of, such costs and expenses to, any member of the Huntsman Group associated with the Venator Debt Financing. Venator shall use borrowings under the Credit Facility to fund the Debt Repayment. For the avoidance of doubt, Venator shall not be permitted to use cash flows from its operations to fund the amount referenced in above.