Common use of Agent and Collateral Agent Clause in Contracts

Agent and Collateral Agent. The Borrower has requested that the Lenders extend credit to the Borrower in the form of (a) Initial Term Loans on the Closing Date in an aggregate principal amount not to exceed $850,000,000 and (b) Revolving Loans and Letters of Credit at any time and from time to time during its Revolving Availability Period in an aggregate principal amount at any time outstanding not to exceed $400,000,000. The proceeds of the Initial Term Loans borrowed on the Closing Date and the proceeds of Revolving Loans borrowed on or after the Closing Date and Letters of Credit will be used as set forth in Section 5.11. The Lenders are willing to extend such credit to the Borrower, and the Issuing Banks are willing to issue Letters of Credit for the account of the Borrower, on the terms and subject to the conditions set forth herein. Accordingly, the parties hereto agree as follows: