Common use of Purpose and Application of the Additional Term Facilities Clause in Contracts

Purpose and Application of the Additional Term Facilities. The Additional Term Facilities may be used by the relevant Borrower for such purposes as it may determine, including for the same purposes as specified for the Initial Term Facilities in Clause 3.1 (Purpose and Application of the Initial Term Facilities).

Appears in 2 contracts

Sources: Issuer/Borrower Facility Agreement (Mitchells & Butlers PLC), Issuer/Borrower Facility Agreement (Mitchells & Butlers PLC)

Purpose and Application of the Additional Term Facilities. The Additional Term Facilities may be used by the relevant Borrower for such purposes as it may determine, including for the same purposes as specified for the Initial Term Facilities in Clause 3.1 (Purpose and Application of the Initial Term Facilities).

Appears in 1 contract

Sources: Issuer/Borrower Facility Agreement (Shurgard Storage Centers Inc)