Common use of Venator Debt Financing Clause in Contracts

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.