FIRST AMENDMENT TO TERM LOAN AGREEMENTTerm Loan Agreement • October 14th, 2010 • Perrigo Co • Pharmaceutical preparations • Michigan
THIS FIRST AMENDMENT TO TERM LOAN AGREEMENT, dated as of October 8, 2010 (this “Amendment”), is among PERRIGO COMPANY (the “Borrower”), the LENDERS party hereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”) and RBS CITIZENS, N.A., as Syndication Agent (in such capacity, the “Syndication Agent”).
CREDIT AGREEMENT dated as of October 8, 2010 among PERRIGO COMPANY, THE FOREIGN SUBSIDIARY BORROWERS PARTY HERETO, THE LENDERS PARTY HERETO, and JPMORGAN CHASE BANK, N.A., as Administrative Agent, BANK OF AMERICA, N.A. and WELLS FARGO BANK, NATIONAL...Credit Agreement • October 14th, 2010 • Perrigo Co • Pharmaceutical preparations • Michigan
The Applicable Margin shall be determined in accordance with the foregoing table based on the Leverage Ratio as determined in the then most recent quarterly financial statements for the first three Fiscal Quarters of each Fiscal Year and the audited year end financial statements for the last Fiscal Quarter (in each case calculated on a trailing four quarter basis) of the U.S. Borrower. Adjustments, if any, to the Applicable Margin shall be effective five business days after the Administrative Agent is scheduled to receive the applicable financials under Section 5.01(a) or (b) and certificate under Section 5.01(c). If the U.S. Borrower fails to deliver the financials to the Administrative Agent at the time required hereunder, then the Applicable Margin shall be set at Level I until five days after such financials are so delivered.
