Application of Advances. The proceeds of any Revolving Credit Advance made hereunder shall first be applied in repayment of any Swing-Line Advance (together with any accrued interest thereon), and the Facility Agent shall pay such portion of any Revolving Credit Advance to be made hereunder to the Swing-Line Banks as the Swing-Line Agent instructs the Facility Agent is necessary to repay each outstanding Swing-Line Advance (together with any accrued interest thereon).
Appears in 3 contracts
Sources: Multicurrency Revolving Credit Agreement (Royal Ahold), Multicurrency Revolving Credit Agreement (Royal Ahold), Multicurrency Revolving Credit Agreement (Royal Ahold)