Common use of BACKGROUND STATEMENT Clause in Contracts

BACKGROUND STATEMENT. The Borrower has requested that the Lenders make available to the Borrower revolving credit facilities in the aggregate principal amount of $725,000,000. The Borrower will use the proceeds of these facilities as provided in Section 5.5. The Lenders are willing to make available to the Borrower the credit facilities described herein subject to and on the terms and conditions set forth in this Agreement.

Appears in 3 contracts

Samples: Credit Agreement, Credit Agreement (Intercontinentalexchange Inc), Credit Agreement (Intercontinentalexchange Inc)

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BACKGROUND STATEMENT. The Borrower has Borrowers have requested that the Lenders make available a revolving credit facility to the Borrower revolving credit facilities Borrowers in the aggregate principal amount of $725,000,0003,000,000,000. The Borrower Borrowers will use the proceeds of these facilities as provided in Section 5.55.4. The Lenders are willing to make available to the Borrower Borrowers the credit facilities described herein subject to and on the terms and conditions set forth in this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Intercontinental Exchange, Inc.), Credit Agreement (IntercontinentalExchange Group, Inc.)

BACKGROUND STATEMENT. The Borrower has requested that the Lenders make available a revolving credit facility to the Borrower revolving credit facilities in the aggregate principal amount of $725,000,0003,775,000,000. The Borrower will use the proceeds of these facilities as provided in Section 5.55.4. The Lenders are willing to make available to the Borrower the credit facilities described herein subject to and on the terms and conditions set forth in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Intercontinental Exchange, Inc.)

BACKGROUND STATEMENT. The Borrower has Borrowers have requested that the Lenders make available to the Borrower Borrowers a revolving credit facilities facility in the aggregate principal amount of $725,000,000150,000,000. The Borrower Borrowers will use the proceeds of these facilities as provided in Section 5.52.14. The Lenders are willing to make available to the Borrower Borrowers the credit facilities described herein subject to and on the terms and conditions set forth in this Agreement. Except as expressly provided in Article VIII with respect to the guaranty of the Parent, each Borrower shall be severally, and not jointly, liable for the Loans made to such Borrower hereunder.

Appears in 1 contract

Samples: Credit Agreement (Phoenix Companies Inc/De)

BACKGROUND STATEMENT. The Borrower has Borrowers have requested that the Lenders make available to the Borrower Borrowers a revolving credit facilities facility in the aggregate principal amount of $725,000,000300,000,000. The Borrower Borrowers will use the proceeds of these facilities as provided in Section 5.5. The Lenders are willing to make available to the Borrower Borrowers the revolving credit facilities facility described herein subject to and on the terms and conditions set forth in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Intercontinentalexchange Inc)

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BACKGROUND STATEMENT. The Borrower has requested that the Lenders make available to the Borrower a revolving credit facilities facility in the aggregate principal amount of $725,000,00050,000,000, subject to the availability provisions hereof. The Borrower will use the proceeds of these facilities as provided in Section 5.52.14. The Lenders are willing to make available to the Borrower the credit facilities described herein subject to and on the terms and conditions set forth in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Swisher Hygiene Inc.)

BACKGROUND STATEMENT. The Borrower has requested that the Lenders make available to the Borrower it a revolving credit facilities facility in the aggregate principal amount of $725,000,000150,000,000. The Borrower will use the proceeds of these facilities as provided in Section 5.5. The Lenders are willing to make available to the Borrower the revolving credit facilities facility described herein subject to and on the terms and conditions set forth in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Intercontinentalexchange Inc)

BACKGROUND STATEMENT. The Borrower has requested that the Lenders make available a revolving credit facility to the Borrower revolving credit facilities in the aggregate principal amount of $725,000,0003,400,000,000. The Borrower will use the proceeds of these facilities as provided in Section 5.55.4. The Lenders are willing to make available to the Borrower the credit facilities described herein subject to and on the terms and conditions set forth in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Intercontinental Exchange, Inc.)

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