Common use of Parent Action Clause in Contracts

Parent Action. Parent agrees that (a) Parent will cause the Company to be provided with sufficient funds immediately prior to the Purchaser's Election Date, to refinance the Company's obligations under the Credit Agreement, dated as of April 29, 1996 (the "Credit Agreement"), among the Company, Varo Inc., Warr▇▇ ▇▇▇ps Inc., the lenders from time to time party thereto, the issuing banks from time to time party thereto and Citicorp USA, Inc., as Agent, as amended, (b) from and after the Purchaser's Election Date, Parent will cause the Company to be provided with sufficient funds, on terms that comply with the Indenture dated as of April 15, 1996 (the "Indenture"), between the Company and IBJ Schr▇▇▇▇ ▇▇▇k & Trust Company, as Trustee, with respect to the Notes to satisfy the Company's obligations under Section 4.10 of the Indenture and (c) that such funds will be provided to the Company on terms no less favorable to the Company than those contained in the Credit Agreement.