Exhibit 10.1
EXECUTION COPY
U.S. $200,000,000
AMENDED AND RESTATED CREDIT AGREEMENT
Dated as of March 8, 2007
Among
COCA-COLA BOTTLING CO. CONSOLIDATED
as Borrower
THE BANKS NAMED HEREIN
CITIGROUP GLOBAL MARKETS INC. and
WACHOVIA CAPITAL MARKETS LLC
as Joint Lead Arrangers and Joint Bookrunners
WACHOVIA BANK, NATIONAL ASSOCIATION
as Syndication Agent
and
CITIBANK, N.A.
as Administrative Agent
TABLE OF CONTENTS
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ARTICLE 1 DEFINITIONS AND ACCOUNTING TERMS |
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1 |
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SECTION 1.01. Certain Defined Terms |
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1 |
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SECTION 1.02. Computation of Time Periods |
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14 |
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SECTION 1.03. Accounting Terms |
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14 |
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ARTICLE 2 AMOUNTS AND TERMS OF THE ADVANCES |
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15 |
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SECTION 2.01. The Advances |
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15 |
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SECTION 2.02. Making the Advances |
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15 |
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SECTION 2.03. Certain Fees |
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17 |
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SECTION 2.04. Reduction of the Commitments |
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17 |
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SECTION 2.05. Repayment of Advances |
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18 |
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SECTION 2.06. Interest |
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18 |
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SECTION 2.07. Additional Interest on Eurodollar Rate Advances |
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18 |
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SECTION 2.08. Interest Rate Determinations; Changes in Rating Systems |
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19 |
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SECTION 2.09. Voluntary Conversion and Continuation of Advances |
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20 |
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SECTION 2.10. Prepayments of Advances |
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21 |
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SECTION 2.11. Increased Costs |
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21 |
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SECTION 2.12. Illegality |
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22 |
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SECTION 2.13. Payments and Computations |
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22 |
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SECTION 2.14. Taxes |
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23 |
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SECTION 2.15. Set-Off; Sharing of Payments, Etc. |
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25 |
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SECTION 2.16. Right to Replace a Lender |
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25 |
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SECTION 2.17. Evidence of Indebtedness |
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26 |
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SECTION 2.18. Extension of Commitments |
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26 |
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SECTION 2.19. Increase of Commitments |
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27 |
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ARTICLE 3 CONDITIONS OF LENDING |
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29 |
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SECTION 3.01. Conditions Precedent to Initial Borrowing |
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29 |
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SECTION 3.02. Conditions Precedent to Each Borrowing |
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30 |
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ARTICLE 4 REPRESENTATIONS AND WARRANTIES |
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30 |
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SECTION 4.01. Representations and Warranties of the Borrower |
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30 |
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ARTICLE 5 COVENANTS OF THE BORROWER |
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33 |
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SECTION 5.01. Covenants |
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33 |
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ARTICLE 6 EVENTS OF DEFAULT |
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41 |
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SECTION 6.01. Events of Default |
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41 |
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ARTICLE 7 THE ADMINISTRATIVE AGENT |
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44 |
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SECTION 7.01. Authorization and Action |
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44 |
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Page |
SECTION 7.02. Administrative Agent’s Reliance, Etc. |
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44 |
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SECTION 7.03. Citibank and Affiliates |
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45 |
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SECTION 7.04. Lender Credit Decision |
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45 |
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SECTION 7.05. Indemnification |
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45 |
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SECTION 7.06. Successor Administrative Agent |
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45 |
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SECTION 7.07. Arrangers |
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46 |
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ARTICLE 8 MISCELLANEOUS |
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46 |
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SECTION 8.01. Amendments, Etc. |
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46 |
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SECTION 8.02. Notices, Etc. |
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47 |
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SECTION 8.03. No Waiver; Remedies |
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49 |
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SECTION 8.04. Costs, Expenses and Indemnification |
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49 |
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SECTION 8.05. Binding Effect |
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50 |
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SECTION 8.06. Assignments and Participations |
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50 |
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SECTION 8.07. Governing Law; Submission to Jurisdiction |
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53 |
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SECTION 8.08. Severability |
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53 |
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SECTION 8.09. Execution in Counterparts |
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53 |
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SECTION 8.10. Survival |
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53 |
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SECTION 8.11. Waiver of Jury Trial |
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54 |
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SECTION 8.12. Confidentiality |
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54 |
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SECTION 8.14. USA PATRIOT Act |
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54 |
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ii
SCHEDULES
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Schedule I
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- Banks, Commitments and Lending Offices |
Schedule II
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- Existing Liens Securing Indebtedness, in each case, of $5,000,000 or more |
Schedule III
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- Litigation |
Schedule IV
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- Subsidiaries |
Schedule V
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- Material Agreements |
Schedule VI
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- Permitted Investments |
Schedule VII
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- Contingent Obligations |
Schedule VIII
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- Permitted Subsidiary Indebtedness |
EXHIBITS
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Exhibit A
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- Form of Notice of Borrowing |
Exhibit B
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- Form of Assignment and Acceptance |
Exhibit C
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- Form of Opinion of Special Counsel to the Borrower |
Exhibit D
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- Form of Opinion of Special New York Counsel to the Administrative Agent |
Exhibit E
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- Form of Compliance Certificate of Borrower |
iii
AMENDED AND RESTATED CREDIT AGREEMENT dated as of March 8, 2007 among COCA-COLA BOTTLING CO.
CONSOLIDATED, a corporation organized under the laws of Delaware (the “Borrower”), the
banks (each a “Bank” and, collectively, the “Banks”) listed on the signature pages
hereof and CITIBANK, N.A., a national banking association, as administrative agent (in such
capacity, the “Administrative Agent”).
The Borrower, certain of the Banks and the Administrative Agent are parties to a Credit
Agreement dated as of April 7, 2005 (as from time to time amended and in effect immediately prior
to the effectiveness of this Agreement, the “Existing Credit Agreement”), providing,
subject to the terms and conditions thereof, for the making of loans by the Lenders (as defined
therein) to the Borrower in an aggregate principal amount not exceeding $100,000,000 at any one
time outstanding for the general corporate purposes of the Borrower.
The parties hereto desire to amend the Existing Credit Agreement in certain respects and to
restate in its entirety the Existing Credit Agreement as so amended, and, accordingly, the parties
hereto agree that the Existing Credit Agreement shall, as of the Closing Date (as defined below),
be amended and restated to read in its entirety as follows:
ARTICLE 1
DEFINITIONS AND ACCOUNTING TERMS
SECTION 1.01. Certain Defined Terms. As used in this Agreement, the following terms
shall have the following meanings (such meanings to be equally applicable to both the singular and
plural forms of the terms defined):
“Acquisition Cash Flow” means, with respect to any Person or assets, franchises
or businesses acquired by the Borrower or any of its Consolidated Subsidiaries, operating
income for any period of determination plus any amounts deducted for depreciation,
amortization and operating lease expense in determining operating income during such period
(to the extent not included in Consolidated Operating Income for such period), all
determined using historical financial statements of such Person, assets, franchises or
businesses acquired with appropriate adjustments thereto in order to reflect such operating
income, depreciation, amortization and operating lease expense on an actual historical
combined pro forma basis as if such Person, assets, franchises or businesses acquired had
been owned by the Borrower or one of its Consolidated Subsidiaries during the applicable
period. Operating income as used in the preceding sentence will be determined for the
acquired Person, assets, franchises or businesses using the same method prescribed for
determining Consolidated Operating Income.
“Administrative Agent” has the meaning set forth in the introduction hereto.
“Advance” has the meaning set forth in Section 2.01.
“Affiliate” means, as to any Person, any other Person (other than a Subsidiary)
which, directly or indirectly, is in control of, is controlled by, or is under common
control with, such Person. For purposes of this definition, “control” of a Person means the
Credit Agreement
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power, directly or indirectly, either to (a) vote 10% or more of the securities having ordinary
voting power for the election of directors or other persons performing similar functions of such
Person or (b) direct or cause the direction of the management and policies of such Person, whether
by contract or otherwise.
“Applicable Facility Fee Rate” means, for any Rating Level Period, the rate per annum
set forth below opposite the reference to such Rating Level Period:
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Rating Level Period |
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Applicable Facility Fee Rate |
Rating Level 1 Period |
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0.0600 |
% |
Rating Level 2 Period |
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0.0800 |
% |
Rating Level 3 Period |
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0.100 |
% |
Rating Level 4 Period |
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0.125 |
% |
Rating Level 5 Period |
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0.150 |
% |
Each change in the Applicable Facility Fee Rate resulting from a Rating Level Change shall be
effective on the date of such Rating Level Change.
“Applicable Lending Office” means, with respect to any Lender, such Lender’s Domestic
Lending Office in the case of a Base Rate Advance and such Lender’s Eurodollar Lending Office in
the case of a Eurodollar Rate Advance.
“Applicable Margin” means:
(a) for any Advance that is a Base Rate Advance, 0.000% per annum;
and
(b) for any Advance that is a Eurodollar Rate Advance, for any Rating Level Period,
the rate per annum set forth below opposite the reference to such Rating Level Period:
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Rating Level |
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Applicable |
Period |
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Margin |
Rating Level 1 Period |
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0.190 |
% |
Rating Level 2 Period |
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0.270 |
% |
Rating Level 3 Period |
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0.350 |
% |
Rating Level 4 Period |
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0.425 |
% |
Rating Level 5 Period |
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0.475 |
% |
Credit Agreement
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Each change in the Applicable Margin resulting from a Rating Level Change shall be effective on the
date of such Rating Level Change.
“Applicable Utilization Fee Rate” means, for any Rating Level Period, the rate per
annum set forth below opposite the reference to such Rating Level Period:
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Applicable |
Rating Level |
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Utilization |
Period |
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Fee Rate |
Rating Level 1 Period |
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0.0500 |
% |
Rating Level 2 Period |
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0.0500 |
% |
Rating Level 3 Period |
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0.0500 |
% |
Rating Level 4 Period |
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0.0750 |
% |
Rating Level 5 Period |
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0.125 |
% |
Each change in the Applicable Utilization Fee Rate resulting from a Rating Level Change shall be
effective on the date of such Rating Level Change.
“Arrangers” means Citigroup Global Markets Inc. and Wachovia Capital Markets LLC, as
Joint Lead Arrangers and Joint Bookrunners.
“Assignment and Acceptance” means an assignment and acceptance entered into by a
Lender and an Eligible Assignee, and accepted by the Administrative Agent, in substantially the
form of Exhibit B hereto.
“Bank” has the meaning set forth in the introduction hereto.
“Base Rate” means, for any period, a fluctuating interest rate per annum in effect
from time to time, which rate per annum shall at all times be equal to the higher of:
(a) the rate of interest announced publicly by Citibank in
New York,
New York from
time to time as Citibank’s base rate; and
(b) 1/2 of one percent per annum above the Federal Funds Rate for such period.
“Base Rate Advance” means, at any time, an Advance which bears interest at rates based
upon the Base Rate.
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“Borrower” has the meaning set forth in the introduction hereto.
“Borrowing” means a borrowing consisting of simultaneous Advances of the same Type
made by each of the Lenders pursuant to Section 2.01.
“
Business Day” means a day of the year on which banks are not required or authorized
to close in
New York City and, if the applicable Business Day relates to any Eurodollar Rate
Advance, on which dealings are carried on in the London interbank market.
“Capitalized Lease” of a Person means any lease of Property by such Person as lessee
which would be capitalized on a balance sheet of such Person prepared in accordance with GAAP.
“Capitalized Lease Obligations” of a Person means the amount of the obligations of
such Person under Capitalized Leases which would be shown as a liability on a balance sheet of such
Person prepared in accordance with GAAP.
“Change in Control” means that:
(a) The Coca-Cola Company and any of its wholly-owned Subsidiaries shall cease to own,
beneficially and of record, at least 10% of the outstanding capital stock of the Borrower;
or
(b) any “person” or “group” (as such terms are used for purposes of Sections 13(d) and
14(d) of the Exchange Act, whether or not applicable, except that for purposes of this
paragraph (b) such person or group shall be deemed to have “beneficial ownership” of all
shares that such person or group has the right to acquire, whether such right is
exercisable immediately or only after the passage of time), other than (i) The Coca-Cola
Company, (ii) other shareholders of the Borrower as of the date hereof and (iii) J. Xxxxx
Xxxxxxxx III, his spouse and the lineal descendants of either of the foregoing (or trusts,
corporations, partnerships, limited partnerships, limited liability companies or other
estate planning vehicles for the benefit thereof), is or becomes the “beneficial owner” (as
such term is used in Rule 13d-3 promulgated pursuant to the Exchange Act), directly or
indirectly, of more than 50% of the aggregate voting power of all voting shares of the
Borrower; or
(c) during any period of 25 consecutive calendar months, a majority of the Board of
Directors of the Borrower shall no longer be composed of individuals (i) who were members
of said Board on the first day of such period, (ii) whose election or nomination to said
Board was approved by individuals referred to in clause (i) above constituting at the time
of such election or nomination at least a majority of said Board and (iii) whose election
or nomination to said Board was approved by individuals referred to in clauses (i) and (ii)
above constituting at the time of such election or nomination at least a majority of said
Board.
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“Citibank” means Citibank, N.A., a national banking association.
“Closing Date” means the date as of which the Administrative Agent notifies the
Borrower that the conditions precedent set forth in Section 3.01 have been satisfied or waived.
“Code” means the Internal Revenue Code of 1986, as amended from time to time.
“Commitment” has the meaning set forth in Section 2.01(a).
“Commitment Termination Date” means the date five years after the date of this
Agreement, as such date may be extended pursuant to Section 2.18; provided that if such
date is not a Business Day, the Commitment Termination date shall be the immediately preceding
Business Day.
“Compliance Certificate” mean a certificate in substantially the form of Exhibit E.
“Consolidated” refers to the consolidation of accounts of the Borrower and its
Subsidiaries in accordance with GAAP.
“Consolidated Cash Flow” means, for any period, Consolidated Operating Income for such
period plus any amounts deducted for depreciation, amortization and operating lease expense in
determining Consolidated Operating Income.
“Consolidated Cash Flow/Fixed Charges Ratio” means, at any time, the ratio of (i)
Consolidated Cash Flow for the then most recently concluded period of four consecutive fiscal
quarters of the Borrower to (ii) Consolidated Fixed Charges for such period.
“Consolidated Fixed Charges” shall mean, for any period, the sum of (i) Consolidated
Net Interest Expense for such period, (ii) the amount of obligations of the Borrower and its
Consolidated Subsidiaries as lessees, on leases other than Capitalized Leases, accrued during such
period and (iii) payments made or required to be made by the Borrower and its Consolidated
Subsidiaries during such period under agreements providing for or containing covenants not to
compete.
“Consolidated Funded Indebtedness” shall mean, at any time, the aggregate outstanding
principal amount of all Funded Indebtedness of the Borrower and its Consolidated Subsidiaries,
determined and consolidated in accordance with GAAP.
“Consolidated Funded Indebtedness/Cash Flow Ratio” shall mean, at any time, the ratio
of (a) the aggregate amount of (i) Consolidated Funded Indebtedness and (ii) 50% of every
Contingent Obligation of the Borrower and its Consolidated Subsidiaries, determined and
consolidated in accordance with GAAP to (b) the aggregate of (i) Consolidated Cash Flow for the
then most recently concluded period of four consecutive fiscal quarters of the Borrower and (ii)
Acquisition Cash Flow for such period.
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“Consolidated Net Interest Expense” shall mean, for any period, the aggregate net
amount of interest payments of the Borrower and its Consolidated Subsidiaries, determined and
consolidated in accordance with GAAP, excluding, however, such amounts as arise from the
amortization of capitalized interest, discount and fees reflected as an asset on the Borrower’s
books and records on the Closing Date.
“Consolidated Operating Income” shall mean, for any period, the net income of the
Borrower and its Consolidated Subsidiaries, before any deduction in respect of interest or taxes,
determined and consolidated in accordance with GAAP, excluding, however, extraordinary items in
accordance with GAAP (which shall include without limitation, in any event, any income, net of
expenses, or loss realized by the Borrower or any Consolidated Subsidiary from any sale of assets
outside the ordinary course of business, whether tangible or intangible, including franchise
territories and securities).
“Contingent Obligation” of a Person means any agreement, undertaking or arrangement by
which such Person assumes, guarantees, endorses, contingently agrees to purchase or provide funds
for the payment of, or otherwise becomes or is contingently liable upon, the financial obligation
or liability of any other Person, or agrees to maintain the net worth or working capital or other
financial condition of any other Person, or otherwise assures any creditor of such other Person
against loss, including, without limitation, any comfort letter, operating agreement, take-or-pay
contract or application for a Letter of Credit, but excluding the endorsement of instruments for
deposit or collection in the ordinary course of business.
“Continuation”, “Continue” and “Continued” each refers to a
continuation of Eurodollar Rate Advances from one Interest Period to the next Interest Period
pursuant to Section 2.09(b).
“Controlled Group” means all members of a controlled group of corporations and all
trades or businesses (whether or not incorporated) under common control which, together with the
Borrower or any of its Subsidiaries, are treated as a single employer under Section 414 of the
Code.
“Convert”, “Conversion” and “Converted” each refers to a
conversion of Advances of one Type into Advances of the other Type pursuant to Section 2.08
or Section 2.09(a).
“Default” means an event that, with notice or lapse of time or both, would become an
Event of Default.
“Dollars” means the lawful currency of the United States of America.
“Domestic Lending Office” means, with respect to any Lender, the office of such Lender
specified as its “Domestic Lending Office” in Schedule I or in the Assignment and Acceptance
pursuant to which it became a Lender, or such other office of such Lender as such Lender may from
time to time specify to the Borrower and the Administrative Agent.
Credit Agreement
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“Eligible Assignee” means:
(a) a Lender and any Affiliate of such Lender;
(b) a commercial bank organized under the laws of the United States, or any State thereof, and
having total assets in excess of $1,000,000,000;
(c) a savings bank organized under the laws of the United States, or any State thereof, and
having total assets in excess of $500,000,000;
(d) a commercial bank organized under the laws of any other country which is a member of the
OECD or a political subdivision of any such country, and having total assets in excess of
$1,000,000,000; and
(e) a finance company or other financial institution or fund (whether a corporation,
partnership or other Person) which is engaged in making, purchasing or otherwise investing in
commercial loans in the ordinary course of its business, and having total assets in excess of
$500,000,000.
“Environmental Law” means any Federal, state or local governmental law, rule,
regulation, order, writ, judgment, injunction or decree relating to pollution or protection of the
environment or the treatment, storage, disposal, release, threatened release or handling of
Hazardous Materials, including, without limitation, the Comprehensive Environmental Response,
Compensation and Liability Act of 1980, the Resource Conservation and Recovery Act, the Hazardous
Materials Transportation Act, the Clean Water Act, the Toxic Substances Control Act, the Clean Air
Act, the Safe Drinking Water Act, the Atomic Energy Act and the Federal Insecticide, Fungicide and
Rodenticide Act, in each case, as amended from time to time.
“ERISA” means the Employee Retirement Income Security Act of 1974, as amended
from time to time, and the regulations promulgated and rulings issued thereunder.
“Eurocurrency Liabilities” has the meaning set forth in Regulation D of the Board of
Governors of the Federal Reserve System, as in effect from time to time.
“Eurodollar Lending Office” means, with respect to any Lender, the office of such
Lender specified as its “Eurodollar Lending Office” in Schedule I or in the Assignment and
Acceptance pursuant to which it became a Lender (or, if no such office is specified, its Domestic
Lending Office), or such other office of such Lender as such Lender may from time to time specify
to the Borrower and the Administrative Agent.
“Eurodollar Rate” means, for any Interest Period for each Eurodollar Rate Advance, the
rate per annum (rounded upward, if necessary, to the nearest whole multiple of 1/16 of 1% per
annum) appearing on Telerate Page 3750 as of 11:00 a.m. (London time) on the date (as to any
Interest Period, the “Determination Date”) that is
Credit Agreement
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two Business Days before the first day of such Interest Period, as LIBOR for a period equal to such
Interest Period. In the event that Telerate Page 3750 shall cease to report such LIBOR or, in the
reasonable judgment of the Majority Lenders, shall cease to accurately reflect such LIBOR, then the
“Eurodollar Rate” with respect to such Interest Period for such Eurodollar Rate Advance shall be
the rate per annum at which deposits in U.S. dollars are offered by the principal office of
Citibank, N.A., in London, England to leading banks in the London interbank market at 11:00 A.M.
(London time) on the Determination Date in an amount comparable to the amount of the related
Borrowing and for a period equal to such Interest Period.
“Eurodollar Rate Advance” means, at any time, an Advance which bears interest at rates
based upon the Eurodollar Rate.
“Eurodollar Rate Reserve Percentage” of any Lender for any Interest Period for any
Eurodollar Rate Advance means the reserve percentage applicable during such Interest Period (or if
more than one such percentage shall be so applicable, the daily average of such percentages for
those days in such Interest Period during which any such percentage shall be so applicable) under
regulations issued from time to time by the Board of Governors of the Federal Reserve System (or
any successor) for determining the maximum reserve requirement (including, without limitation, any
emergency, supplemental or other marginal reserve requirement) for such Lender with respect to
liabilities or assets consisting of or including Eurocurrency Liabilities having a term equal to
such Interest Period.
“Events of Default” has the meaning set forth in Section 6.01.
“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to
time.
“Excluded Representations” means the representations and warranties set forth in
Section 4.01(f), Section 4.01(g), Section 4.01(n) and Section 4.01(o).
“Existing Credit Agreement” has the meaning set forth in the introduction hereto.
“Facility Fee” has the meaning set forth in Section 2.03(a).
“
Federal Funds Rate” means, for any day, a fluctuating interest rate per annum equal
for such day to the weighted average of the rates on overnight Federal funds transactions with
members of the Federal Reserve System arranged by Federal funds brokers, as published for such day
(or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve
Bank of
New York, or, if such rate is not so published for any day which is a Business Day, the
average of the quotations for such day on such transactions received by the Administrative Agent
from three Federal funds brokers of recognized standing selected by it.
Credit Agreement
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“Funded Indebtedness” of a Person shall mean (i) all liabilities of such Person of the
kinds referred to in clauses (i), (ii), (iii), (iv) and (v) of the definition of “Indebtedness”
herein, including without limitation commercial paper, of any maturity, and (ii) other indebtedness
(including the current portion thereof) of such Person which would be classified in whole or part
as a long-term liability of such Person in accordance with GAAP, and shall in any event include (i)
any Indebtedness having a final maturity more than one year from the date of creation of such
Indebtedness and (ii) any Indebtedness, regardless of its term, which is renewable or extendable by
such Person (pursuant to the terms thereof or pursuant to a revolving credit or similar agreement
or otherwise) to a date more than one year from the date of creation of such Indebtedness or any
date of determination of Funded Indebtedness.
“GAAP” means generally accepted accounting principles in the United States of America
as in effect from time to time.
“Governmental Authority” means the federal government, any state or other
political subdivision thereof and any entity exercising executive, legislative, judicial,
regulatory or administrative functions of or pertaining to government.
“Hazardous Materials” means petroleum or petroleum products, natural or synthetic gas,
asbestos in any form that is or could become friable, and radon gas, any substances defined as or
included in the definition of “hazardous substances”, “hazardous wastes”, “hazardous materials”,
“extremely hazardous wastes”, “restricted hazardous wastes”, “toxic substances”, “toxic
pollutants”, “contaminants” or “pollutants”, or words of similar meaning and regulatory effect,
under any Environmental Law and any other substance exposure to which is regulated under any
Environmental Law.
“Indebtedness” of a Person means, without duplication, such Person’s (i) obligations
for borrowed money, (ii) obligations representing the deferred purchase price of Property or
services (excluding accounts payable arising in the ordinary course of such Person’s business
payable on terms customary in the trade), (iii) obligations, whether or not assumed, secured by
Liens or payable out of the proceeds or production from Property now or hereafter owned or acquired
by such Person, (iv) obligations which are evidenced by notes, acceptances, or similar instruments,
(v) Capitalized Lease Obligations, (vi) net Rate Hedging Obligations, (vii) Contingent Obligations
in respect of Indebtedness, (viii) obligations for which such Person is obligated pursuant to or in
respect of a Letter of Credit and (ix) repurchase obligations or liabilities of such Person with
respect to accounts, notes receivable or securities sold by such Person.
“Interest Period” means, with respect to any Eurodollar Rate Advance, the period
beginning on the date such Eurodollar Rate Advance is made or Continued, or Converted from a Base
Rate Advance, and ending on the last day of the period selected by the Borrower pursuant to the
provisions below. The duration of each Interest Period shall be one, two, three or six months or
(if available to the Lenders in the opinion of the Lenders) nine or twelve months, as the Borrower
may, upon notice received by the Administrative
Credit Agreement
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Agent not later than 12:00 noon (
New York City time) on the third Business Day prior to the first
day of such Interest Period, select;
provided that:
(i) any Interest Period that would otherwise end after the Commitment Termination Date
shall end on the Commitment Termination Date;
(ii) each Interest Period that begins on the last Business Day of a calendar month (or
on any day for which there is no numerically corresponding day in the appropriate
subsequent calendar month) shall end on the last Business Day of the appropriate subsequent
calendar month; and
(iii) whenever the last day of any Interest Period would otherwise occur on a day
other than a Business Day, the last day of such Interest Period shall be extended to occur
on the next succeeding Business Day, provided that, if such extension would cause
the last day of such Interest Period to occur in the next following calendar month, the
last day of such Interest Period shall occur on the next preceding Business Day.
“Lenders” means the Banks listed on the signature pages hereof and each Person that
shall become a party hereto pursuant to Sections 8.06(a), (b) and (c).
“Letter of Credit” of a Person means a letter of credit or similar instrument which is
issued upon the application of such Person or upon which such Person is an account party or for
which such Person is in any way liable.
“LIBOR” means the rate at which deposits in U.S. dollars are offered to leading banks
in the London interbank market.
“Lien” means any lien, mortgage, security interest or other charge or encumbrance of
any kind, or any other type of preferential arrangement having substantially the same effect as a
lien, including, without limitation, the lien or retained security title of a conditional vendor.
“Majority Lenders” means, at any time, Lenders having Advances representing more than
50% of the aggregate outstanding principal amount of the Advances or, if no Advances are
outstanding, Lenders having Commitments representing more than 50% of the total Commitments at such
time.
“Margin Stock” means margin stock within the meaning of Regulation U.
“Material Adverse Change” or “Material Adverse Effect” means a material
adverse change in or, as the case may be, effect on (i) the business, condition (financial or
otherwise), or operations of the Borrower and its Consolidated Subsidiaries taken as a whole, (ii)
the legality, validity or enforceability of this Agreement or (iii) the ability of the Borrower to
pay and perform its obligations hereunder.
“Material Agreements” has the meaning specified in Section 4.01(o).
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“Material Indebtedness” has the meaning set forth in Section 6.01(d).
“Material Subsidiary” shall mean a Subsidiary which (i) owns, leases or occupies any
building, structure or other facility used primarily for the bottling, canning or packaging of soft
drinks or soft drink products or warehousing and distributing of such products, other than any such
building, structure or other facility or portion thereof, which is not of material importance to
the total business conducted by the Borrower and its Subsidiaries as an entirety, (ii) is a party
to any contract with respect to the bottling, canning, packaging or distribution of soft drinks or
soft drink products, other than any such contract which is not of material importance to the total
business conducted by the Borrower and its Subsidiaries as an entirety, and in any event includes
each of the Subsidiaries indicated as Material Subsidiaries listed in Schedule IV as of the date
hereof, and (iii) any Subsidiary of the Borrower that would qualify as a “significant subsidiary”
under Regulation S-X of the Securities and Exchange Commission (or its successor agency).
“Moody’s” means Xxxxx’x Investors Service, Inc. and its successors.
“Xxxxx’x Rating” means, at any time, the rating of the long-term senior unsecured
non-credit-enhanced debt obligations of the Borrower then outstanding most recently announced by
Moody’s.
“Multiemployer Plan” means any employee benefit plan which is a “multiemployer plan”
within the meaning of Section 4001(a)(3) of ERISA and to which the Borrower or any member of a
Controlled Group has or had an obligation to contribute.
“Note” has the meaning set forth in Section 2.17.
“Notice of Borrowing” has the meaning set forth in Section 2.02(a).
“OECD” means the Organization for Economic Cooperation and Development.
“Other Taxes” has the meaning set forth in Section 2.14(b).
“Payment Default” means an event that, with notice or lapse of time or both, would
become an Event of Default under Section 6.01(a).
“PBGC” means the Pension Benefit Guaranty Corporation or any successor.
“Person” means an individual, partnership, corporation (including a business trust),
limited liability company, joint stock company, trust, unincorporated association, joint venture or
other entity, or a government or any political subdivision or agency thereof.
“Plan” means an employee pension benefit plan (other than a Multiemployer Plan) to
which Section 4021 of ERISA applies and (i) which is maintained for employees
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of the Borrower or any member of a Controlled Group or (ii) to which the Borrower or any member of
a Controlled Group made, or was required to make, contributions at any time within the preceding
five years.
“Property” of a Person means any and all property, whether real, personal, tangible,
intangible, or mixed, of such Person, or other assets owned, leased or operated by such Person.
“Rate Hedging Obligations” of a Person means any and all obligations of such Person,
whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired
(including all renewals, extensions and modifications thereof and substitutions therefor), under
(a) any and all agreements, devices or arrangements designed to protect at least one of the parties
thereto from the fluctuations of interest rates, exchange rates or forward rates applicable to such
party’s assets, liabilities or exchange transactions, including, but not limited to,
dollar-denominated or cross-currency interest rate exchange agreements, forward currency exchange
agreements, interest rate cap or collar protection agreements, forward rate currency or interest
rate options, puts and warrants, and (b) any and all cancellations, buybacks, reversals,
terminations or assignments of any of the foregoing.
“Rating Level Change” means a change in the Xxxxx’x Rating or the Standard & Poor’s
Rating (other than as a result of a change in the rating system of such rating agency) that results
in the change from one Rating Level Period to another, which Rating Level Change shall be effective
on the date on which the relevant change in such rating is first announced by Moody’s or Standard &
Poor’s, as the case may be.
“Rating Level Period” means a Rating Level 1 Period, a Rating Level 2 Period, a Rating
Level 3 Period, a Rating Level 4 Period or a Rating Level 5 Period; provided that:
(i) “Rating Level 1 Period” means a period during which the Xxxxx’x Rating is
at or above A3 or the Standard & Poor’s Rating is at or above A-;
(ii) “Rating Level 2 Period” means a period that is not a Rating Level 1
Period during which the Xxxxx’x Rating is Baa1 or the Standards & Poor’s Rating is at or
above BBB+;
(iii) “Rating Level 3 Period” means a period that is not a Rating Level 1
Period or a Rating Level 2 Period during which Xxxxx’x Rating is at or above Baa2 or the
Standard & Poor’s Rating is at or above BBB;
(iv) “Rating Level 4 Period” means a period that is not a Rating Level 1
Period, a Rating Level 2 Period or a Rating Level 3 Period during which the Xxxxx’x Rating
is at or above Baa3 or the Standard & Poor’s Rating is at or above
BBB-; and
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(v) “Rating Level 5 Period” means a period that is not a Rating Level 1
Period, a Rating Level 2 Period, a Rating Level 3 Period or a Rating Level 4 Period;
and provided further that if the Xxxxx’x Rating and the Standard & Poor’s Rating differ by
more than one rating level, then the Rating Level Period shall be one Rating Level Period higher
than the Rating Level Period resulting from the application of the lower of such ratings (for which
purpose Rating Level Period 1 is the highest Rating Level Period and Rating Level 5 is the lowest
Rating Level Period).
“Register” has the meaning set forth in Section 8.06(d).
“Regulations T, U and X” means Regulations T, U and X issued by the Board of Governors
of the Federal Reserve System, as from time to time amended.
“Reportable Event” means (i) a reportable event described in Section 4043 of ERISA and
regulations thereunder (other than reportable events for which notice has been waived pursuant to
PBGC regulations), (ii) a withdrawal by a substantial employer from a Plan to which more than one
employer contributes, as referred to in Section 4063(b) of ERISA, or (iii) a cessation of
operations at a facility causing more than 20% of Plan participants to be separated from
employment, as referred to in Section 4062(e) of ERISA.
“Responsible Officer” means the President, the Controller, the Treasurer or the Chief
Financial Officer of the Borrower.
“Solvent” means, with respect to any Person at any time, that (a) the fair value of
the Property of such Person is greater than the total amount of liabilities (including without
limitation contingent liabilities) of such Person, (b) the present fair saleable value of the
Property of such Person is not less than the amount that will be required to pay the probable
liability of such Person on its debts as they become absolute and matured,
(c) such Person does not intend to, and does not believe that it will, incur debts or liabilities
beyond such Person’s ability to pay as such debts and liabilities mature, and
(d) such Person is not engaged in a business and is not about to engage in a business for which
such Person’s property would constitute an unreasonably small capital.
“Standard & Poor’s” means Standard & Poor’s Ratings Service, presently a division of
The XxXxxx-Xxxx Companies, Inc., and its successors.
“Standard & Poor’s Rating” means, at any time, the rating of the long-term senior
unsecured, non-credit-enhanced debt obligations of the Borrower then outstanding most recently
announced by Standard & Poor’s.
“Subsidiary” means, with respect to any Person, any corporation, partnership, limited
liability company or other entity of which at least a majority of the securities or other ownership
interests having by the terms thereof ordinary voting power to elect a
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majority of the board of directors or other persons performing similar functions of such
corporation, partnership, limited liability company or other entity (irrespective of whether
or not at the time securities or other ownership interests of any other class or classes of
such corporation, partnership, limited liability company or other entity shall have or might
have voting power by reason of the happening of any contingency) is at the time directly or
indirectly owned or controlled by such Person or one or more Subsidiaries of such Person or
by such Person and one or more Subsidiaries of such Person; provided that,
notwithstanding the foregoing, Piedmont Coca-Cola Bottling Partnership, a Delaware general
partnership, shall be deemed to be a Subsidiary of the Borrower so long as the Borrower owns
a greater than 50% economic interest therein.
“Taxes” has the meaning set forth in Section 2.14(a).
“Telerate Page 3750” means the display designated as page “3750” on the Bridge
Information Service (or such other page as may replace page “3750” on the Dow Xxxxx Markets
Service or such other service as may be nominated by the British Bankers’ Association as the
information vendor for the purpose of displaying British Bankers’ Association Interest
Settlement Rates for Dollar deposits).
“Termination Event” means, with respect to a Plan which is subject to Title IV
of ERISA, (a) a Reportable Event, (b) the withdrawal of the Borrower or any other member of
the Controlled Group from such Plan during a plan year in which the Borrower or any other
member of the Controlled Group was a “substantial employer” as defined in Section 4001(a)(2)
of ERISA or was deemed such under any other provision of Title IV of ERISA, (c) the
termination of such Plan, the filing of a notice of intent to terminate such Plan or the
treatment of an amendment of such Plan as a termination under Section 4041 of ERISA or (d)
the institution by the PBGC of proceedings to terminate such Plan, in each case which could
reasonably be expected to have a Material Adverse Effect.
“Type” refers to whether an Advance is a Base Rate Advance or a Eurodollar Rate
Advance.
“Unfunded Liabilities” means the amount (if any) by which the present value of
all vested and unvested accrued benefits under a single employer plan, as defined in Section
4001(a)(15) of ERISA, exceeds the fair market value of assets allocable to such benefits,
all determined as of the then most recent valuation date for such Plans using the PBGC
actuarial assumptions utilized for purposes of determining the current liability for
purposes of such valuation.
“Utilization Fee” has the meaning set forth in Section 2.03(b).
SECTION 1.02. Computation of Time Periods. In this Agreement in the computation of
periods of time from a specified date to a later specified date, the word “from” means “from and
including” and the words “to” and “until” mean “to but excluding”.
SECTION 1.03. Accounting Terms.
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(a) All accounting terms not specifically defined herein shall be construed in accordance
with GAAP consistent with those applied in the preparation of the financial statements
referred to in Section 4.01(e).
(b) If at any time any change in GAAP would affect the computation of any financial ratio or
requirement set forth herein, and the Borrower so requests, the Administrative Agent, the Lenders
and the Borrower will negotiate in good faith to amend such ratio or requirement to preserve the
original intent thereof in light of such change in GAAP; provided that until so amended,
such ratio or requirement shall continue to be computed in accordance with GAAP as in effect prior
to such change therein.
ARTICLE 2
AMOUNTS AND TERMS OF THE ADVANCES
SECTION 2.01. The Advances.
(a) Each Lender severally agrees, on and subject to the terms and conditions hereinafter set
forth, to make advances to the Borrower (each, an “Advance”) from time to time on any
Business Day during the period from the Closing Date until the Commitment Termination Date in an
aggregate amount up to but not exceeding at any one time outstanding the amount set forth under the
heading “Commitment” opposite such Lender’s name on Schedule I or, if such Lender has entered into
an Assignment and Acceptance, set forth for such Lender in the Register (as such amount may be
reduced pursuant to Section 2.04 or increased pursuant to Section 2.19, such Lender’s
“Commitment”) and, as to all Lenders, up to but not exceeding at any one time outstanding
$200,000,000 (subject to Section 2.19).
(b) Each Borrowing and each Conversion or Continuation thereof (i) shall be in an aggregate
amount not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (ii)
shall consist of Advances of the same Type (and, if such Advances are Eurodollar Rate Advances,
having the same Interest Period) made, Continued or Converted on the same day by the Lenders
ratably according to their respective Commitments, except in each case as otherwise provided in
Sections 2.08(e) and (f), as applicable.
(c) Within the limits of each Lender’s Commitment, the Borrower may from time to time borrow,
prepay pursuant to Section 2.10 and reborrow under this Section 2.01.
SECTION 2.02. Making the Advances.
(a) (i) Each Borrowing shall be made on notice, given not later than 11:00 a.m. (
New
York City time) on the third Business Day prior to the date of such Borrowing (in the case
of a Borrowing consisting of Eurodollar Rate Advances) or given not later than 11:00 a.m.
(
New York City time) on the Business Day of such Borrowing (in the case of
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a Borrowing consisting of Base Rate Advances), by the Borrower to the Administrative Agent,
which shall give to each Lender prompt notice thereof.
(ii) Each such notice of a Borrowing (a “Notice of Borrowing”) shall be in
writing in substantially the form of Exhibit A hereto, specifying therein the requested (i)
date of such Borrowing, (ii) Type of Advances comprising such Borrowing, (iii) amount of
such Borrowing, and (iv) in the case of a Borrowing consisting of Eurodollar Rate Advances,
initial Interest Period for each such Advance.
(iii) Each Lender shall, before 1:00 p.m. (
New York City time) on the date of such
Borrowing, make available for the account of its Applicable Lending Office to the
Administrative Agent at its address referred to in Section 8.02, in same day funds, such
Lender’s ratable portion of such Borrowing.
(iv) Upon the Administrative Agent’s receipt of such funds and upon fulfillment of the
applicable conditions set forth in Article 3, the Administrative Agent will make such funds
available to the Borrower at the Administrative Agent’s aforesaid address.
(b) Each Notice of Borrowing shall be irrevocable and binding on the Borrower. In the case of
any Borrowing which the related Notice of Borrowing specifies is to be comprised of Eurodollar Rate
Advances, the Borrower shall indemnify each Lender against any loss, cost or expense (excluding
loss of profit) reasonably incurred by such Lender as a result of any failure to make such
Borrowing (including, without limitation, as a result of any failure to fulfill, on or before the
date specified in such Notice of Borrowing, the applicable conditions set forth in Article 3) and
the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the
Advance to be made by such Lender as part of such Borrowing. A certificate as to the amount of such
losses, costs and expenses, submitted to the Borrower and the Administrative Agent by such Lender,
shall be conclusive and binding for all purposes, absent manifest error.
(c) Unless the Administrative Agent shall have received notice from a Lender prior to the date
of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s
ratable portion of such Borrowing, the Administrative Agent may assume that such Lender has made
such portion available to the Administrative Agent on the date of such Borrowing in accordance with
subsection (a) of this Section 2.02 and the Administrative Agent may, in reliance upon such
assumption, make available to the Borrower on such date a corresponding amount. If and to the
extent that such Lender shall not have so made such ratable portion available to the Administrative
Agent, such Lender and the Borrower severally agree to repay to the Administrative Agent forthwith
on demand (but without duplication) such corresponding amount together with interest thereon, for
each day from the date such amount is made available to the Borrower until the date such amount is
repaid to the Administrative Agent, at (i) in the case of the Borrower, the interest rate
applicable at the time to Advances comprising such Borrowing and (ii) in the case of such Lender,
the Federal Funds Rate. If such Lender shall repay to the Administrative Agent such corresponding
amount, such amount so repaid shall constitute such Lender’s Advance as part of such Borrowing for
purposes of this Agreement (and
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such Advance shall be deemed to have been made by such Lender on the date on which such amount is
so repaid to the Administrative Agent).
(d) The failure of any Lender to make the Advance to be made by it as part of any
Borrowing shall not relieve the other Lenders of their obligations hereunder to make an Advance on
the date of such Borrowing, and no Lender shall be responsible for the failure of any other Lender
to make the Advance to be made by such other Lender on the date of any Borrowing.
SECTION 2.03. Certain Fees.
(a) Facility Fee. The Borrower agrees to pay to the Administrative Agent for the
account of each Lender a facility fee (the “Facility Fee”) on the average daily amount
(whether used or unused) of such Lender’s Commitment from the Closing Date (in the case of each
Bank) and from the date of the effectiveness of any Assignment and Acceptance pursuant to which it
became a Lender (in the case of each such Lender), in each case until the Commitment Termination
Date at a rate per annum equal to the Applicable Facility Fee Rate. The Facility Fee shall be
payable quarterly in arrears on the last Business Day of each March, June, September and December
and on the Commitment Termination Date, commencing on the last Business Day of March, 2007.
(b) Utilization Fee. For each day on which the aggregate principal amount of Advances
outstanding exceeds an amount equal to 50% of the aggregate Commitments, the Borrower agrees to pay
to the Administrative Agent for the account of each Lender a utilization fee (the “Utilization
Fee”) on the aggregate principal amount of the Advances of such Lender outstanding on such day
at a rate per annum equal to the Applicable Utilization Fee Rate. The Utilization Fee shall be
payable in respect of each Advance on each date on which interest is payable on such Advance as
specified in Section 2.06(a) hereof.
(c) Administrative Agent’s Fee. The Borrower agrees to pay to the Administrative
Agent, for the Administrative Agent’s own account, an administrative agency fee at the times and in
the amounts heretofore agreed between the Borrower and the Administrative Agent.
SECTION 2.04. Reduction of the Commitments.
(a) The Commitment of each Lender shall be automatically reduced to zero on the Commitment
Termination Date.
(b) The Borrower shall have the right, upon at least three Business Days’ notice to the
Administrative Agent, to terminate, in whole or reduce ratably in part, the unused portions of the
Commitments of the Lenders; provided that the aggregate amount of the Commitments of the
Lenders shall not be reduced to an amount which is less than the aggregate principal amount of the
Advances then outstanding; and provided further that each partial reduction shall be in an
aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.
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(c) Once reduced or terminated, the Commitments may not be reinstated.
SECTION 2.05. Repayment of Advances. The Borrower shall repay the unpaid principal
amount of each Advance made by each Lender, and each Advance made by each Lender shall mature, on
the Commitment Termination Date.
SECTION 2.06. Interest.
(a) Ordinary Interest. The Borrower shall pay interest on the unpaid principal amount
of each Advance made by each Lender, from the date of such Advance until such principal amount
shall be paid in full, at the following rates per annum:
(i) Base Rate Advances. While such Advance is a Base Rate Advance, a rate per
annum equal to the Base Rate in effect from time to time plus the Applicable Margin
for Base Rate Advances as in effect from time to time, payable quarterly in arrears on the
last Business Day of each March, June, September and December and on the date such Base Rate
Advance shall be Converted or paid in full.
(ii) Eurodollar Rate Advances. While such Advance is a Eurodollar Rate Advance,
a rate per annum for each Interest Period for such Advance equal to the sum of the
Eurodollar Rate for such Interest Period plus the Applicable Margin for Eurodollar
Rate Advances as in effect from time to time, payable on the last day of such Interest
Period and, if such Interest Period has a duration of more than three months, on each day
which occurs at three-month intervals after the first day of such Interest Period, and on
each date on which such Eurodollar Rate Advance shall be Continued, Converted or paid.
(b) Default Interest. Notwithstanding the foregoing, if any Payment Default shall have
occurred and be continuing, the Borrower shall pay interest on:
(i) the unpaid principal amount of each Advance owing to each Lender, payable on demand
(and in any event in arrears on the dates referred to in Section 2.06(a)(i) or (a)(ii)
above), at a rate per annum equal at all times to 2% per annum above the rate per annum
required to be paid on such Advance pursuant to said Section 2.06(a)(i) or (a)(ii), as
applicable; provided that if such Payment Default shall be continuing at the end of
any Interest Period for any Eurodollar Rate Advance, such Advance shall forthwith be
Converted to a Base Rate Advance bearing interest as aforesaid in this Section 2.06(b)(i);
and
(ii) the amount of any interest, fee or other amount payable hereunder that is not paid
when due, from the date such amount shall be due until such amount shall be paid in full,
payable on demand (and in any event in arrears on the date such amount shall be paid in
full), at a rate per annum equal at all times to 2% per annum above the rate per annum
required to be paid on Base Rate Advances pursuant to Section 2.06(a)(i) above.
SECTION 2.07. Additional Interest on Eurodollar Rate Advances. The Borrower shall pay
to each Lender additional interest on the unpaid principal amount of each Eurodollar
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Rate Advance of such Lender, from the date of such Advance until such principal amount is paid in
full, at an interest rate per annum equal at all times to the remainder obtained by subtracting (i)
the Eurodollar Rate for each Interest Period for such Advance from (ii) the rate obtained by
dividing such Eurodollar Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve
Percentage of such Lender for such Interest Period, payable on each date on which interest is
payable on such Advance. Such additional interest shall be determined by such Lender and notified
to the Borrower through the Administrative Agent.
SECTION 2.08. Interest Rate Determinations; Changes in Rating Systems.
(a) The Administrative Agent shall give prompt notice to the Borrower and the Lenders of the
applicable interest rates determined by the Administrative Agent for the purposes of Section 2.06.
(b) If the relevant rates do not appear on Telerate Page 3750, and the Eurodollar Rate
cannot be determined on the basis set forth in the second sentence of the definition of
“Eurodollar Rate”:
(i) the Administrative Agent shall forthwith notify the Borrower and the Lenders that
the interest rate cannot be determined for such Eurodollar Rate Advances for such Interest
Period,
(ii) each Eurodollar Rate Advance will automatically, on the last day of the then
existing Interest Period therefor, Convert into a Base Rate Advance, and
(iii) the obligation of the Lenders to make or Continue, or to Convert Advances into,
Eurodollar Rate Advances shall be suspended until the Administrative Agent shall notify the
Borrower and the Lenders that the circumstances causing such suspension no longer exist.
(c) If, with respect to any Eurodollar Rate Advances, the Majority Lenders notify the
Administrative Agent that the Eurodollar Rate for any Interest Period for such Advances will not
adequately reflect the cost to such Majority Lenders of making, funding or maintaining their
respective Eurodollar Rate Advances for such Interest Period, the Administrative Agent shall
forthwith so notify the Borrower and the Lenders, whereupon:
(i) each Eurodollar Rate Advance will automatically, on the last day of the then
existing Interest Period therefor, Convert into a Base Rate Advance, and
(ii) the obligation of the Lenders to make or Continue, or to Convert Advances into,
Eurodollar Rate Advances shall be suspended until the Administrative Agent shall notify the
Borrower and such Lenders that the circumstances causing such suspension no longer exist.
(d) If the Borrower shall fail to select the duration of any ensuing Interest Period for
any outstanding Eurodollar Rate Advances in accordance with the provisions
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contained in the definition of “Interest Period” in Section 1.01, the Administrative Agent will
forthwith so notify the Borrower and the Lenders and the Borrower will automatically be deemed to
have selected an Interest Period of three months therefor.
(e) On the date on which the aggregate unpaid principal amount of Eurodollar Rate Advances
comprising any Borrowing shall be reduced, by payment or prepayment or otherwise, to less than
$5,000,000, such Advances shall automatically Convert into Base Rate Advances.
(f) Upon the occurrence and during the continuance of any Event of Default, (x) each
Eurodollar Rate Advance shall automatically, on the last day of the then existing Interest Period
therefor, Convert into a Base Rate Advance and (y) the obligation of the Lenders to make or
Continue, or to Convert Advances into, Eurodollar Rate Advances shall automatically be suspended
until such Event of Default shall be cured or waived.
(g) If the rating system of either Moody’s or Standard & Poor’s shall change, or if either
such rating agency shall cease to be in the business of rating corporate debt obligations, the
Borrower and the Administrative Agent (on behalf of the Lenders) shall negotiate in good faith to
amend the references to specific ratings in this Agreement to reflect such changed rating system or
the non-availability of ratings from such rating agency (provided that any such amendment
to such specific ratings shall not be effective without the approval of the Majority Lenders).
SECTION 2.09. Voluntary Conversion and Continuation of Advances.
(a)
Optional Conversion. The Borrower may on any Business Day, upon notice given to
the Administrative Agent not later than 11:00 a.m. (
New York City time) on the third Business Day
prior to the date of the proposed Conversion and subject to the provisions of Sections 2.08 and
2.12, Convert all or any portion of the outstanding Advances of one Type comprising part of the
same Borrowing into Advances of the other Type;
provided that (i) any Conversion of Base
Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount
specified in Section 2.01(b) and (ii) in the case of any such Conversion of a Eurodollar Rate
Advance into a Base Rate Advance on a day other than the last day of an Interest Period therefor,
the Borrower shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such
notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such
Conversion, (y) the Advances to be Converted, and (z) if such Conversion is into Eurodollar Rate
Advances, the duration of the initial Interest Period for each such Advance. Each notice of
Conversion shall be irrevocable and binding on the Borrower.
(b) Continuations. The Borrower may, on any Business Day, upon notice given to
the Administrative Agent not later than 11:00 a.m. (New York City time) on the
third Business Day prior to the date of the proposed Continuation and subject to the provisions of
Sections 2.08 and 2.12, Continue all or any portion of the outstanding Eurodollar Rate Advances
comprising part of the same Borrowing for one or more Interest Periods; provided that (i)
Eurodollar Rate Advances so Continued and having the same Interest Period shall be in an
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amount not less than the minimum amount specified in Section 2.01(b) and (ii) in the case of any
such Continuation on a day other than the last day of an Interest Period therefor, the Borrower
shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a
Continuation shall, within the restrictions specified above, specify (x) the date of such
Continuation, (y) the Eurodollar Rate Advances to be Continued and (y) the duration of the initial
Interest Period (or Interest Periods) for the Eurodollar Rate Advances subject to such
Continuation. Each notice of Continuation shall be irrevocable and binding on the Borrower.
SECTION 2.10. Prepayments of Advances. The Borrower may, on notice given not later
than 11:00 a.m. (New York City time) on the second Business Day prior to the date of the proposed
prepayment of Advances (in the case of Eurodollar Rate Advances) or given not later than 11:00 a.m.
(New York City time) on the Business Day of the proposed prepayment of Advances (in the case of
Base Rate Advances), stating the proposed date and aggregate principal amount of the prepayment,
and if such notice is given the Borrower shall, prepay, without penalty or premium, the outstanding
principal amounts of the Advances comprising part of the same Borrowing in whole or ratably in
part, together with accrued interest to the date of such prepayment on the principal amount
prepaid; provided, however, that (x) each partial prepayment shall be in an
aggregate principal amount not less than $5,000,000 or integral multiples of $1,000,000 in excess
thereof and (y) in the case of any such prepayment of a Eurodollar Rate Advance on a day other than
the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect
thereof pursuant to Section 8.04(c). The Borrower shall have no right to prepay the Advances except
as provided in this Section 2.10 (or as required pursuant to the other provisions of this
Agreement).
SECTION 2.11. Increased Costs.
(a) If, due to either (i) the introduction of or any change (other than any change by way of
imposition or increase of reserve requirements included in the Eurodollar Rate Reserve Percentage)
in or in the interpretation of any law or regulation or (ii) the compliance with any guideline or
request from any central bank or other governmental authority (whether or not having the force of
law), there shall be any increase in the cost to any Lender of agreeing to make or making, funding
or maintaining Eurodollar Rate Advances, then the Borrower shall from time to time, upon demand by
such Lender (with a copy of such demand to the Administrative Agent), pay to the Administrative
Agent for the account of such Lender additional amounts sufficient to compensate such Lender for
such increased cost. A certificate as to the amount of such increased cost, prepared in good faith
and submitted to the Borrower and the Administrative Agent by such Lender, shall be conclusive and
binding for all purposes, absent manifest error.
(b) If any Lender determines that compliance with any law or regulation or any guideline or
request from any central bank or other governmental authority (whether or not having the force of
law) affects or would affect the amount of capital required or expected to be maintained by such
Lender or any corporation controlling such Lender and that the amount of such capital is increased
by or based upon the existence of such Lender’s commitment to lend hereunder and other commitments
of this type, then, upon demand by such Lender (with a copy of such demand to the Administrative
Agent), the Borrower shall immediately pay to the
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Administrative Agent for the account of such Lender, from time to time as specified by such Lender,
additional amounts sufficient to compensate such Lender or such corporation in the light of such
circumstances, to the extent that such Lender reasonably determines such increase in capital to be
allocable to the existence of such Lender’s commitment to lend hereunder. A certificate as to such
amounts, prepared in good faith and submitted to the Borrower and the Administrative Agent by such
Lender, shall be conclusive and binding for all purposes, absent manifest error.
SECTION 2.12. Illegality. Notwithstanding any other provision of this Agreement, if
any Lender shall notify the Administrative Agent that the introduction of or any change in or in
the interpretation of any law or regulation makes it unlawful, or any central bank or other
governmental authority asserts that it is unlawful, for such Lender or its Eurodollar Lending
Office to perform its obligations hereunder to make or Continue Eurodollar Rate Advances or to fund
or otherwise maintain Eurodollar Rate Advances hereunder, (i) the obligation of such Lender to make
or Continue, or to Convert Advances into, Eurodollar Rate Advances shall be suspended until the
Administrative Agent shall notify the Borrower and the Lenders that the circumstances causing such
suspension no longer exist and (ii) each Eurodollar Rate Advance of such Lender shall convert into
a Base Rate Advance at the end of the then current Interest Period for such Eurodollar Rate
Advance.
SECTION 2.13. Payments and Computations.
(a) The Borrower shall make each payment hereunder without set-off or counterclaim not later
than 12:00 noon (New York City time) on the day when due in Dollars to the Administrative Agent at
its address referred to in Section 8.02 in same day funds. The Administrative Agent will promptly
thereafter cause to be distributed like funds relating to the payment of principal, interest,
Facility Fee or Utilization Fee ratably (other than amounts payable pursuant to Section 2.02(b),
2.11, 2.14 or 8.04(c)) to the Lenders for the account of their respective Applicable Lending
Offices, and like funds relating to the payment of any other amount payable to any Lender to such
Lender for the account of its Applicable Lending Office, in each case to be applied in accordance
with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording
of the information contained therein in the Register pursuant to Section 8.06(d), from and after
the Closing Date specified in such Assignment and Acceptance, the Administrative Agent shall make
all payments hereunder in respect of the interest assigned thereby to the Lender assignee
thereunder, and the parties to such Assignment and Acceptance shall make all appropriate
adjustments in such payments for periods prior to such Closing Date directly between themselves.
(b) All computations of interest based on Citibank’s base rate shall be made by the
Administrative Agent on the basis of a year of 365 or 366 days, as the case may be, for the actual
number of days (including the first day but excluding the last day) occurring in the period for
which such interest is payable. All computations of interest based on the Eurodollar Rate or the
Federal Funds Rate and of the Facility Fee and the Utilization Fee shall be made by the
Administrative Agent, and all computations of interest pursuant to Section 2.07 shall be made by
the relevant Lender, on the basis of a year of 360 days, for the actual number of days (including
the first day but excluding the last day) occurring in the period for which such interest or fee is
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payable. Each determination by the Administrative Agent of an interest rate hereunder shall be
conclusive and binding for all purposes, absent manifest error.
(c) Whenever any payment hereunder would be due on a day other than a Business Day, such due
date shall be extended to the next succeeding Business Day, and any such extension of such due
date shall in such case be included in the computation of payment of interest, Facility Fee and
Utilization Fee, as the case may be; provided, however, that if such extension
would cause payment of interest on or principal of Eurodollar Rate Advances to fall due in the
next following calendar month, such payment shall be made on the next preceding Business Day.
(d) Unless the Administrative Agent shall have received notice from the Borrower prior to the
date on which any payment is due to the Lenders hereunder that the Borrower will not make such
payment in full, the Administrative Agent may assume that the Borrower has made such payment in
full to the Administrative Agent on such date and the Administrative Agent may, in reliance upon
such assumption, cause to be distributed to each Lender on such due date an amount equal to the
amount then due such Lender. If and to the extent that the Borrower shall not have so made such
payment in full to the Administrative Agent, each Lender shall repay to the Administrative Agent
forthwith on demand such amount distributed to such Lender together with interest thereon, for each
day from the date such amount is distributed to such Lender until the date such Lender repays such
amount to the Administrative Agent, at the Federal Funds Rate.
SECTION 2.14. Taxes.
(a) Any and all payments by the Borrower hereunder shall be made, in accordance with Section
2.13, free and clear of and without deduction for any and all present or future taxes, levies,
imposts, deductions, charges or withholdings, and all liabilities with respect thereto,
excluding, in the case of each Lender and the Administrative Agent, taxes imposed on its
income, and franchise taxes imposed on it, by the jurisdiction under the laws of which such Lender
or the Administrative Agent (as the case may be) is organized or any political subdivision thereof
and, in the case of each Lender, taxes imposed on its income, and franchise taxes imposed on it, by
the jurisdiction of such Lender’s Applicable Lending Office or any political subdivision thereof
(all such non-excluded taxes, levies, imposts, deductions, charges, withholdings and liabilities
being hereinafter referred to as “Taxes”). If the Borrower shall be required by law to
deduct any Taxes from or in respect of any sum payable hereunder to any Lender or the
Administrative Agent, (i) the sum payable shall be increased as may be necessary so that after
making all required deductions (including deductions applicable to additional sums payable under
this Section 2.14) such Lender or the Administrative Agent (as the case may be) receives an amount
equal to the sum it would have received had no such deductions been made, (ii) the Borrower shall
make such deductions and (iii) the Borrower shall pay the full amount deducted to the relevant
taxation authority or other authority in accordance with applicable law.
(b) In addition, the Borrower agrees to pay any present or future stamp or documentary taxes
or any other excise or property taxes, charges or similar levies which arise
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from any payment made hereunder or from the execution, delivery or registration of, or otherwise
with respect to, this Agreement (hereinafter referred to as “Other Taxes”).
(c) The Borrower will indemnify each Lender and the Administrative Agent for the full amount
of Taxes or Other Taxes (including, without limitation, any Taxes and Other Taxes imposed by any
jurisdiction on amounts payable under this Section 2.14) paid by such Lender or the Administrative
Agent (as the case may be) and any liability (including penalties, interest and expenses) arising
therefrom or with respect thereto, whether or not such Taxes or Other Taxes were correctly or
legally asserted. This indemnification shall be made within
30 days from the date such Lender or the Administrative Agent (as the case may be) makes written
demand therefor. A certificate as to the amount of such Taxes and Other Taxes, submitted to the
Borrower and the Administrative Agent by such Lender, shall be conclusive and binding (as between
the Borrower, the Lenders and the Administrative Agent) for all purposes, absent manifest error.
(d) Within 30 days after the date of any payment of Taxes, the Borrower will furnish to the
Administrative Agent, at its address referred to in Section 8.02, the original or a certified copy
of a receipt evidencing payment thereof or other proof of payment of such Taxes reasonably
satisfactory to the relevant Lender(s). If no Taxes are payable in respect of any payment
hereunder, upon the request of the Administrative Agent the Borrower will furnish to the
Administrative Agent, at such address, a statement to such effect with respect to each jurisdiction
designated by the Administrative Agent.
(e) Each Lender organized under the laws of a jurisdiction outside the United States, on or
prior to the date of its execution and delivery of this Agreement (in the case of each Bank) and on
the date of the Assignment and Acceptance pursuant to which it becomes a Lender (in the case of
each other Lender), and from time to time thereafter if requested in writing by the Borrower (but
only so long as such Lender remains lawfully able to do so), shall provide the Borrower with
Internal Revenue Service form W-8BEN or W-8ECI, as appropriate, or any successor form prescribed by
the Internal Revenue Service, certifying that such Lender is entitled to benefits under an income
tax treaty to which the United States is a party which reduces the rate of withholding tax on
payments of interest or certifying that the income receivable pursuant to this Agreement is
effectively connected with the conduct of a trade or business in the United States. If the form
provided by a Lender at the time such Lender first becomes a party to this Agreement indicates a
United States interest withholding tax rate in excess of zero, withholding tax at such rate shall
be considered excluded from “Taxes” as defined in Section 2.14(a).
(f) For any period with respect to which a Lender has failed to provide the Borrower with the
appropriate form described in Section 2.14(e) (other than if such failure is due to a change in law
occurring subsequent to the date on which a form originally was required to be provided, or if such
form otherwise is not required under the first sentence of subsection (e) above), such Lender shall
not be entitled to indemnification under Section 2.14(a) or (c) with respect to Taxes imposed by
the United States; provided, however, that should a Lender become subject to Taxes
because of its failure to deliver a form required hereunder, the Borrower shall take such steps as
the Lender may reasonably request to assist the Lender to recover such Taxes.
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(g) Any Lender claiming any additional amounts payable pursuant to this Section 2.14 shall
use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions)
to change the jurisdiction of its Applicable Lending Office(s) if the making of such a change would
avoid the need for, or reduce the amount of, any such additional amounts that may thereafter accrue
and would not, in the reasonable judgment of such Lender, be otherwise disadvantageous to such
Lender.
SECTION 2.15. Set-Off; Sharing of Payments, Etc.
(a) Without limiting any of the obligations of the Borrower or the rights of the Lenders
hereunder, if the Borrower shall fail to pay when due (whether at stated maturity, by acceleration
or otherwise) any amount payable by it hereunder or under any Note each Lender may, without prior
notice to the Borrower (which notice is expressly waived by it to the fullest extent permitted by
applicable law), set off and appropriate and apply against such amount any and all deposits
(general or special, time or demand, provisional or final, in any currency, matured or unmatured)
and other obligations and liabilities at any time held or owing by such Lender or any branch or
agency thereof to or for the credit or account of the Borrower. Each Lender shall promptly provide
notice of such set-off to the Borrower, provided that failure by such Lender to provide
such notice shall not affect the validity of such set-off and application.
(b) If any Lender shall obtain any payment (whether voluntary, involuntary, through the
exercise of any right of set-off, or otherwise) on account of the Advances made by it (other than
pursuant to Section 2.02(b), 2.11, 2.14 or 8.04(c)) in excess of its ratable share of payments on
account of the Advances obtained by all the Lenders, such Lender shall forthwith purchase from the
other Lenders such participations in the Advances made by them or make such other adjustments as
shall be necessary to cause such purchasing Lender to share the excess payment ratably with each of
them; provided, however, that if all or any portion of such excess payment is
thereafter recovered from such purchasing Lender, such purchase from each Lender shall be rescinded
and such Lender shall repay to the purchasing Lender the purchase price to the extent of such
recovery together with an amount equal to such Lender’s ratable share (according to the proportion
of (i) the amount of such Lender’s required repayment to (ii) the total amount so recovered from
the purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender in
respect of the total amount so recovered. The Borrower agrees that any Lender so purchasing a
participation from another Lender pursuant to this Section 2.15 may, to the fullest extent
permitted by law, exercise all its rights of payment (including the right of set-off) with respect
to such participation as fully as if such Lender were the direct creditor of the Borrower in the
amount of such participation.
SECTION 2.16. Right to Replace a Lender. If the Borrower is required to make any
additional payment pursuant to Section 2.11 or 2.14 to any Lender or if any Lender’s obligation to
make or Continue, or to Convert Advances into, Eurodollar Rate Advances shall be suspended pursuant
to Section 2.12 (in each case, such Lender being an “Affected Person”), the Borrower may
elect, if such amounts continue to be charged or such suspension is still effective, to replace
such Affected Person as a party to this Agreement; provided that, no Default or Event of
Default shall have occurred and be continuing at the time of such replacement; and provided
further that, concurrently with such replacement, (i) another financial institution which is an
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Eligible Assignee and is reasonably satisfactory to the Borrower and the Administrative Agent shall
agree, as of such date, to purchase for cash the Advances of the Affected Person pursuant to an
Assignment and Acceptance and to become a Lender for all purposes under this Agreement and to
assume all obligations (including all outstanding Advances) of the Affected Person to be terminated
as of such date and to comply with the requirements of Section 8.06 applicable to assignments, and
(ii) the Borrower shall pay to such Affected Person in same day funds on the day of such
replacement all accrued interest, accrued fees and other amounts then owing to such Affected Person
by the Borrower hereunder to and including the date of termination, including without limitation
payments due such Affected Person under Section 2.11 and 2.14.
SECTION 2.17. Evidence of Indebtedness.
(a) Each Lender shall maintain in accordance with its usual practice an account or accounts
evidencing the indebtedness of the Borrower to such Lender resulting from each Advance made by such
Lender, including the amounts of principal and interest payable and paid to such Lender from time
to time hereunder.
(b) The Administrative Agent shall maintain accounts in which it shall record (i) the date,
amount, Type, interest rate and duration of Interest Period (if applicable) of each Advance made
hereunder, (ii) the amount of any principal or interest due and payable or to become due and
payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the
Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof.
(c) The entries made in the accounts maintained pursuant to clause (a) or (b) of this Section
2.17 shall be prima facie evidence of the existence and amounts of the obligations recorded
therein; provided that the failure of any Lender or the Administrative Agent to maintain
such accounts or any error therein shall not in any manner affect the obligation of the Borrower to
repay the Advances in accordance with the terms of this Agreement.
(d) Any Lender may request that its Advances be evidenced by a promissory note. In such event,
the Borrower will promptly prepare, execute and deliver to such Lender a promissory note (a
“Note”) payable to the order of such Lender, in a form approved by the Administrative
Agent, in a principal amount equal to the amount of such Lender’s Commitment and otherwise duly
completed.
SECTION 2.18. Extension of Commitments.
(a) The Borrower may, not earlier than 90 days and not later than 60 days before the
Commitment Termination Date, by notice to the Administrative Agent request that the Commitment
Termination Date then in effect (the “Existing Commitment Termination Date”) be extended to
the date 364 days after the Existing Commitment Termination Date. The Administrative Agent shall
promptly notify the Lenders of such request. The Borrower may make this extension request only
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(b) Each Lender, in its sole discretion, shall, by notice to the Administrative Agent given
not more than 60 nor less than 50 days before the Existing Commitment Termination Date, advise the
Administrative Agent whether or not such Lender agrees to such extension. A Lender that determines
not to so extend its Commitment shall so notify the Administrative Agent promptly after making such
determination and is herein called a “Non-Extending Lender”. If a Lender does not give
timely notice to the Administrative Agent of whether or not such Lender agrees to such extension,
it shall be deemed to be a Non-Extending Lender.
(c) The Administrative Agent shall notify the Borrower of each Lender’s determination on or
before the date 45 days before the Existing Commitment Termination Date.
(d) If and only if (i) the total of the Commitments of Lenders that have agreed to extend
their Commitments as herein provided is more than 75% of the aggregate amount of the Commitments in
effect immediately prior to the Existing Commitment Termination Date, and (ii) immediately prior to
the Existing Commitment Termination Date no Default has occurred and is continuing and the
representations and warranties of the Borrower set forth in Section 4.01 shall be true and correct
in all material respects on and as of the Existing Commitment Termination Date as though made on
and as of such date (unless expressly stated to relate to an earlier date, in which case such
representations and warranties shall be true and correct in all material respects as of such
earlier date), then effective on the Existing Commitment Termination Date the Commitment
Termination Date shall be extended to the date 364 days after the Existing Commitment Termination
Date (or, if such day is not a Business Day, the immediately preceding Business Day) which date
shall thereafter be the Commitment Termination Date, provided that the Commitment of each
Non-Extending Lender shall in any event terminate on the Existing Commitment Termination Date and
the Borrower shall pay in full on the Existing Termination Date all amounts payable to each
Non-Extending Lender hereunder.
SECTION 2.19. Increase of Commitments.
(a) The Borrower shall have the right at any time after the Closing Date to increase the
aggregate Commitments hereunder in accordance with the following provisions and subject to the
following conditions:
(i) The Borrower shall give the Administrative Agent, which shall promptly deliver a
copy thereof to each of the Lenders, at least 20 Business Days’ prior written notice (a
“Notice of Increase”) of any such requested increase specifying the aggregate amount
by which the Commitments are to be increased (the “Requested Increase Amount”),
which shall be at least $10,000,000, and the requested date of increase (the “Requested
Increase Date”). Each Lender shall have the right, but no obligation whatsoever, by
written notice to the Borrower through the Administrative Agent not less than 10 Business
Days after the date of said Notice of Increase, to offer to increase its Commitment by an
amount specified by such Lender, which shall not be less than $1,000,000 and shall not
exceed the Requested Increase Amount. Any Lender that so offers to increase its Commitment
is herein called an “Increasing Lender”. Any Lender
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that does not so offer within such time shall be deemed to have declined to increase its
Commitment.
(ii) If the aggregate amount of the increases offered pursuant to sub-clause (i) above
exceeds the Requested Increase Amount, the increase shall be allocated ratably among the
Increasing Lenders.
(iii) If the aggregate amount of the increases offered pursuant to sub-clause (i) above
is less than the Requested Increase Amount, the Borrower may, through the Administrative
Agent, offer the balance of the Requested Increase Amount to one or more other financial
institutions, each of which must be reasonably satisfactory to the Administrative Agent;
provided, that the Commitment to be acquired hereunder by any such other financial
institution shall not be less than $1,000,000. Any such other financial institution that
agrees to acquire a Commitment pursuant hereto is herein called an “Additional
Lender”.
(iv) Effective on the Requested Increase Date, subject to the terms and conditions
hereof, (x) Schedule I shall be deemed amended to reflect the increases contemplated hereby,
(y) the Commitment of each Increasing Lender shall be increased by the amount determined
pursuant to sub-clauses (i) and (ii) above, and (z) each Additional Lender shall enter into
an agreement in form and substance satisfactory to the Borrower and the Administrative Agent
pursuant to which it shall undertake, as of such Requested Increase Date, a new Commitment
in the amount determined pursuant to sub-clause (iii) above, and such Additional Lender
shall thereupon be deemed to be a Lender for all purposes of this Agreement. Each Additional
Lender may request a Note in accordance with Section 2.17(d).
(v) If on the Requested Increase Date there are Advances outstanding hereunder,
appropriate adjustments shall be made (by the making of Advances by the Increasing Lenders
and the Additional Lenders and/or the prepayment of outstanding Advances) as necessary to
cause the outstanding Advances to be held ratably by all Lenders.
(vi) The Borrower may not exercise its rights under this Section 2.19 more than once in
each successive annual period commencing on the Closing Date.
(b) Anything in this Section 2.19 to the contrary notwithstanding, no increase in the
aggregate Commitments hereunder pursuant to this Section shall be effective unless:
(i) as of the date of the relevant Notice of Increase and on the relevant Requested
Increase Date and after giving effect to such increase, (x) no Default or Event of Default
shall have occurred and be continuing and (y) the representations and warranties of the
Borrower in Article 4 (subject to updating in the case of Sections 4.01(n) and 4.01(o))
shall be true and correct in all material respects as if made on and as of such date (unless
expressly stated to relate to an earlier date, in which case such representations and
warranties shall be true and correct in all material respects as of such earlier date);
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(ii) on and as of the date of the relevant Notice of Increase and on the relevant
Requested Increase Date and after giving effect to such increase, the Xxxxx’x Rating and the
S&P Rating shall be at least equal to Baa3 and BBB- respectively;
(iii) the Borrower shall not previously have reduced the Commitments under Section
2.04; and
(iv) after giving effect to any such increase the aggregate amount of the Commitments
shall not exceed $300,000,000.
ARTICLE 3
CONDITIONS OF LENDING
SECTION 3.01. Conditions Precedent to Initial Borrowing. This Agreement (and the
amendment and restatement of the Existing Credit Agreement to be effected hereby) and the
obligation of each Lender to make an Advance on the occasion of the initial Borrowing shall not
become effective until the date on which the Administrative Agent shall have received executed
counterparts of this Agreement by each of the parties hereto and each of the following on or before
April 6, 2007, each (unless otherwise specified below) dated the Closing Date, in form and
substance satisfactory to the Administrative Agent and (except for the items in clauses (a), (b)
and (c)) in sufficient copies for each Lender:
(a) Certified copies of (x) the certificate of incorporation and by-laws of the
Borrower, (y) the resolutions of the Board of Directors of the Borrower authorizing the
making and performance by the Borrower of this Agreement and the transactions contemplated
hereby, and (z) documents evidencing all other necessary corporate action and governmental
approvals, if any, with respect to this Agreement.
(b) A certificate of the Secretary or an Assistant Secretary of the Borrower certifying
the names and true signatures of the officers of the Borrower authorized to sign this
Agreement and the other documents to be delivered hereunder.
(c) A certificate from the Secretary of State of the State of Delaware dated a date
reasonably close to the Closing Date as to the good standing of and certificate of
incorporation filed by the Borrower.
(d) A favorable opinion of Xxxxxxx Xxxxxxxxx Xxxxxxx & Xxxxxxx, L.L.P., special counsel
to the Borrower, substantially in the form of Exhibit C hereto.
(e) A favorable opinion of Milbank, Tweed, Xxxxxx & XxXxxx LLP, special New York
counsel to the Administrative Agent, substantially in the form of Exhibit D hereto.
(f) A certificate of a Responsible Officer of the Borrower certifying that (i) no
Default or Event of Default as of the date thereof has occurred and is continuing, and
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(ii) the representations and warranties contained in Section 4.01 are true and correct on
and as of the date thereof as if made on and as of such date.
(g) Evidence that all principal, interest and other amounts owing by the Borrower under
or in respect of the Existing Credit Agreement shall have been (or shall simultaneously be)
paid in full and all commitments to extend credit thereunder of any Lender (as defined
therein) thereunder that is not a Bank hereunder shall have been terminated, in each case in
a manner satisfactory to the Administrative Agent.
(h) Notes, payable to the order of the respective Lenders that have requested the same
prior to the Closing Date, duly completed and executed.
(i) Such other documents relating to this Agreement and the transactions
contemplated hereby as the Administrative Agent or any Lender through the
Administrative Agent may reasonably request.
SECTION 3.02. Conditions Precedent to Each Borrowing. The obligation of each Lender to
make an Advance on the occasion of each Borrowing (including without limitation the initial
Borrowing) shall be subject to the further conditions precedent that on the date of such Borrowing
the following statements shall be true (and each of the giving of the applicable Notice of
Borrowing and the acceptance by the Borrower of the proceeds of such Borrowing shall constitute a
representation and warranty by the Borrower that on the date of such Borrowing such statements are
true):
(a) the representations and warranties contained in Section 4.01 (excluding, in the
case of any Borrowing after the initial Borrowing, the Excluded Representations) are true
and correct in all material respects on and as of the date of such Borrowing, before and
after giving effect to such Borrowing and to the application of the proceeds therefrom, as
though made on and as of such date (unless expressly stated to relate to an earlier date, in
which case such representations and warranties shall be true and correct in all material
respects as of such earlier date); and
(b) No Default or Event of Default has occurred and is continuing, or would result from
such Borrowing or from the application of the proceeds thereof.
ARTICLE 4
REPRESENTATIONS AND WARRANTIES
SECTION 4.01. Representations and Warranties of the Borrower. The Borrower represents
and warrants as follows:
(a) The Borrower and each of its Material Subsidiaries (i) is duly organized,
validly existing and in good standing under the laws of its jurisdiction of organization,
(ii) is duly qualified and in good standing in each other jurisdiction in which it owns or
leases property or in which the conduct of its business requires it to so qualify or be
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licensed and where, in each case, failure so to qualify and be in good standing could have a
Material Adverse Effect and (iii) has all requisite power and authority to own or lease and operate
its Property and to carry on its business as now conducted and as proposed to be conducted.
(b) The making and performance by the Borrower of this Agreement are within the Borrower’s
corporate powers, have been duly authorized by all necessary corporate action, and do not violate
(i) any provision of the Borrower’s certificate of incorporation or by-laws, (ii) any agreement,
indenture or other contractual restriction binding on the Borrower, (iii) any law, rule or
regulation (including, without limitation, the Securities Act of 1933 and the Exchange Act and the
regulations thereunder, and Regulations T, U or X), or (iv) any order, writ, judgment, injunction,
decree, determination or award binding on the Borrower. The Borrower is not in violation of any
such law, rule, regulation, order, writ, judgment, injunction, decree, determination or award or in
breach of any contractual restriction binding upon it, except for such violation or breach which
would not have a Material Adverse Effect.
(c) No authorization or approval or other action by, and no notice to or filing with, any
Governmental Authority is required (other than those which have been obtained) for the making and
performance by the Borrower of this Agreement or for the legality, validity, binding effect or
enforceability thereof.
(d) This Agreement constitutes a legal, valid and binding obligation of the Borrower,
enforceable against the Borrower in accordance with its terms, except as may be limited by
bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting
the rights of creditors generally and except as the enforceability of this Agreement is subject to
the application of general principles of equity (regardless of whether considered in a proceeding
in equity or at law), including, without limitation,
(i) the possible unavailability of specific performance, injunctive relief or any other equitable
remedy and (ii) concepts of materiality, reasonableness, good faith and fair dealing.
(e) (i) The consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as at
January 1, 2006, and the related consolidated statements of operations, cash flows and changes in
stockholders’ equity for the fiscal year ended on such date, audited by Pricewaterhouse Coopers
L.L.P., copies of which have heretofore been furnished to each Lender, are complete and correct in
all material respects and present fairly the consolidated financial condition of the Borrower and
its Consolidated Subsidiaries as of such date, and the consolidated results of their operations,
cash flows and changes in stockholders’ equity for the fiscal year then ended.
(ii) All such financial statements, including the related schedules and notes thereto,
have been prepared in accordance with GAAP for the periods involved.
(iii) As of the date hereof, neither the Borrower nor any of its Consolidated Subsidiaries has
any material Contingent Obligation or liability for taxes, long-term lease
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or unusual forward or long-term commitment which is not reflected herein or in the schedules
and exhibits hereto or in the foregoing financial statements or in the notes thereto.
(f) Since January 1, 2006, no Material Adverse Change has occurred.
(g) Except as disclosed in Schedule III, no litigation, investigation or proceeding of or
before any court or Governmental Authority is pending or, to the knowledge of the Borrower,
threatened by or against the Borrower or any of its Material Subsidiaries or against any of its or
their respective Property or revenues (i) with respect to this Agreement or the Notes or any of the
transactions contemplated hereby or
(ii) which, in the reasonable judgment of the Borrower, would have a Material Adverse
Effect.
(h) The Borrower is not engaged in the business of extending credit for the purpose of
purchasing or carrying Margin Stock, and no proceeds of any Advance will be used for the purpose,
whether immediate, incidental or ultimate, of buying or carrying Margin Stock, or for any purpose
that violates or would be inconsistent with the provisions of Regulations T, U and X.
(i) The Borrower is not an “investment company”, or a Person “controlled
by” an “investment company”, as such terms are defined in the Investment Company Act
of 1940, as amended.
(j) All information that has been made available by the Borrower or any of its
representatives to the Administrative Agent or any Lender in connection with the negotiation of
this Agreement was, on or as of the dates on which such information was made available, complete
and correct in all material respects and did not contain any untrue statement of a material fact or
omit to state a fact necessary to make the statements contained therein not misleading in light of
the time and circumstances under which such statements were made.
(k) A copy of the most recent Annual Report (5500 Series Form), including all attachments
thereto, filed with the Internal Revenue Service for each Plan, has been provided to the
Administrative Agent and fairly presents the funding status of each Plan as of the date of each
such Annual Report. There has been no deterioration in any single Plan’s funding status, or,
collectively, all of the Plan’s funding status since the date of such Annual Report that could
reasonably be expected to have a Material Adverse Effect. The Borrower has provided the
Administrative Agent with a list of all Plans and Multiemployer Plans and all available information
with respect to direct, indirect, or potential withdrawal liability to any Multiemployer Plan of
the Borrower or any member of a Controlled Group.
(l) The Borrower and each of its Material Subsidiaries is in compliance with all laws,
statutes, rules, regulations and orders binding on or applicable to the Borrower or such Material
Subsidiary (including, without limitation, ERISA and all Environmental
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Laws) and all of their respective Property, subject to the possible implications of the
litigation and proceedings described in Schedule III and except to the extent failure to so
comply could not (either individually or in the aggregate) reasonably be expected to have a
Material Adverse Effect.
(m) Each of the Borrower and its Subsidiaries has filed or caused to be filed all
tax returns which to the knowledge of the Borrower are required to be filed and has paid all
taxes shown to be due and payable on said returns or on any assessments made against it or
any of its Property and all other taxes, fees or other charges imposed on it or any of its
Property by any Governmental Authority (other than those the amount or validity of which is
currently being contested in good faith by appropriate proceedings and with respect to which
reserves in conformity with GAAP have been provided on the books of the Borrower or its
Subsidiaries, as the case may be, or those the failure to pay which, in the aggregate, would
not have a Material Adverse Effect); and (i) no tax liens have been filed and (ii) to the
knowledge of the Borrower, no claims are being asserted with respect to any such taxes, fees
or other charges, which, either individually or in the aggregate, are in excess of
$1,000,000, other than as disclosed in Schedule III.
(n) Schedule IV contains an accurate list of all of the presently existing Subsidiaries
and Material Subsidiaries, setting forth their respective jurisdictions of incorporation and
the percentage of their respective outstanding capital stock or other equity interests owned
by the Borrower or other Subsidiaries and all of the issued and outstanding shares of
capital stock or other equity interests of the Subsidiaries have been duly authorized and
issued and are fully paid and non-assessable.
(o) The agreements identified on Schedule V (the “Material Agreements”) are all
of the material business contracts (other than purchase and sales agreements and credit
agreements) to which the Borrower or any Material Subsidiary is a party; each Material
Agreement is in full force and effect; and the Borrower and its Material Subsidiaries are in
material compliance with the terms and provisions applicable to them contained in the
Material Agreements.
(p) The Borrower is, and immediately after the making of each Borrowing will be,
Solvent.
ARTICLE 5
COVENANTS OF THE BORROWER
SECTION 5.01. Covenants. So long as any Commitment shall remain in effect and until
payment in full of all amounts payable by the Borrower hereunder, unless the Majority Lenders shall
otherwise consent in writing:
(a) Financial Statements. The Borrower will furnish to each Lender:
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(i) as soon as available, but in any event within 90 days after the end of each fiscal
year of the Borrower, copies of the consolidated balance sheet of the Borrower and its
Consolidated Subsidiaries as of the end of such year and of the related consolidated
statements of operations, cash flows and changes in stockholders’ equity for such year,
setting forth in each case in comparative form the figures for the previous year, certified
without qualification arising out of the scope of the audit, by independent certified public
accountants of nationally recognized standing;
(ii) as soon as available, but in any event not later than 45 days after the end of
each of the first three quarterly periods of each fiscal year of the Borrower, copies of the
unaudited consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as of
the end of such quarter and of the related unaudited consolidated statements of operations,
cash flows and changes in stockholders’ equity of the Borrower and its Consolidated
Subsidiaries for such quarterly period and the portion of the fiscal year through such date,
setting forth in each case in comparative form figures for the previous year, certified by a
Responsible Officer (subject to normal year-end audit adjustments);
(iii) concurrently with the delivery of the financial statements referred to in clauses
(i) and (ii) above, a Compliance Certificate;
(iv) promptly upon the filing thereof, copies of all registration statements and
annual, quarterly or other regular reports which the Borrower files with the Securities and
Exchange Commission; and
(v) such other information relating to the Borrower and its Subsidiaries as the
Administrative Agent or any Lender may from time to time reasonably request.
All such financial statements shall be complete and correct in all material respects and shall be
prepared in reasonable detail and in accordance with GAAP applied consistently throughout the
periods reflected therein (except as approved by such accountants or officer, as the case may be,
and disclosed therein).
(b) Use of Proceeds. The Borrower will, and will cause each Subsidiary to, use the
proceeds of the Advances solely for its general corporate purposes; provided that neither
the Administrative Agent nor any Lender shall have any responsibility as to the use of any such
proceeds.
(c) Certain Notices.
(1) The Borrower will give notice in writing to the Administrative Agent and the Lenders
of (i) the occurrence of any Default or Event of Default and (ii) any change in the rating of the
long-term senior unsecured non-credit-enhanced debt obligations of the Borrower by Xxxxx’x or
Standard & Poor’s, each such notice to be given promptly and in any event within five days after
occurrence thereof.
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(2) Promptly after the Borrower, any member of a Controlled Group or any administrator of
a Plan:
(i) receives the notification referred to in clauses (i), (iv) or (vii) of Section
6.01(h),
(ii) has knowledge of (A) the occurrence of a Reportable Event with respect to a Plan;
(B) any event which has occurred or any action which has been taken to amend or terminate a
Plan as referred to in clauses (ii) and (vi) of Section 6.01(h); (C) any event which has
occurred or any action which has been taken which could result in complete withdrawal,
partial withdrawal, or secondary liability for withdrawal liability payments with respect to
a Multiemployer Plan as referred to in clause (vii) of Section 6.01(h); or (D) any action
which has been taken in furtherance of, any agreement which has been entered into for, or
any petition which has been filed with a United States district court for, the appointment
of a trustee for a Plan as referred to in clause (iii) of Section 6.01(h), or
(iii) files a notice of intent to terminate a Plan with the Internal Revenue Service or
the PBGC; or files with the Internal Revenue Service a request pursuant to Section 412(d) of
the Code for a variance from the minimum funding standard for a Plan; or files a return with
the Internal Revenue Service with respect to the tax imposed under Section 4971(a) of the
Code for failure to meet the minimum funding standards established under Section 412 of the
Code for a Plan,
the Borrower will furnish to the Administrative Agent a copy of any notice received, request or
petition filed and agreement entered into; the most recent Annual Report (Form 5500 Series) and
attachments thereto for the Plan; the most recent actuarial report for the Plan; any notice, return
or materials required to be filed with the Internal Revenue Service in connection with the event,
action or filing; and a written statement of a Responsible Officer describing the event or the
action taken and the reasons therefor.
(d) Conduct of Business. The Borrower will, and will cause each Material Subsidiary
to, do all things necessary (if applicable) to remain duly incorporated, validly existing and in
good standing as a domestic corporation in its jurisdiction of incorporation and maintain all
requisite authority to conduct its business in each jurisdiction in which its business is conducted
except where such failure to remain in good standing or to maintain such authority may not
reasonably be expected to have a Material Adverse Effect. The Borrower will continue to engage in
its business substantially as conducted on the Closing Date, and, except where such failure may not
reasonably be expected to have a Material Adverse Effect, will cause its Subsidiaries to continue
to engage in their business substantially as conducted on the Closing
Date.
(e) Taxes. The Borrower will, and will cause each Subsidiary to, pay when due all
material taxes, assessments and governmental charges and levies upon it or its income, profits or
Property, except those which are being contested in good faith by appropriate proceedings and with
respect to which adequate reserves have been set aside.
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(f) Insurance. The Borrower will, and will cause each Material Subsidiary to, maintain
with financially sound and reputable insurance companies insurance on all or substantially all of
its Property, in such amounts and covering such risks as is consistent with sound business practice
for Persons in substantially the same industry as the Borrower or such Subsidiary, and the Borrower
will furnish to any Lender upon request full information as to the insurance carried.
(g) Compliance with Laws. The Borrower will, and will cause each Subsidiary to, comply
with all laws, rules, regulations, orders, writs, judgments, injunctions, decrees or awards to
which it may be subject (including ERISA and applicable Environmental Laws), except where the
failure to so comply could not reasonably be expected to have a Material Adverse Effect.
(h) Maintenance of Properties. The Borrower will, and will cause each Material
Subsidiary to, do all things necessary to maintain, preserve, protect and keep its Property in good
repair, working order and condition, and make all necessary and proper repairs, renewals and
replacements so that its business carried on in connection therewith may be properly conducted at
all times, except where the failure to so maintain, preserve, protect and repair could not
reasonably be expected to have a Material Adverse Effect.
(i) Inspection. The Borrower will, and will cause each Subsidiary to, permit
the Administrative Agent and the Lenders (coordinated through the Administrative Agent), at
their sole cost and expense (except that if an Event of Default has occurred and is
continuing, the
Borrower will indemnify the Administrative Agent and the Lenders against such cost and
expense), to inspect any of the Property, corporate books and financial records of the
Borrower
and such Subsidiary, to examine and make copies of the books of account and other financial
records of the Borrower and each Subsidiary, and to discuss the affairs, finances and accounts
of
the Borrower and each Subsidiary with, and to be advised as to the same by, their respective
officers upon reasonable notice and at such reasonable times during the Borrower’s normal
business hours and intervals as the Lenders may designate.
(j) Merger. The Borrower will not, and will not permit any Material Subsidiary
to, merge or consolidate with or into any other Person, except that (a) a Material Subsidiary may
merge into the Borrower or another Material Subsidiary and (b) the Borrower or any Material
Subsidiary may merge or consolidate with any other Person, provided that (1) in the case of
such a merger or consolidation involving the Borrower, the Borrower shall be the continuing or
surviving corporation and (2) in the case of such a merger or consolidation involving a Material
Subsidiary, a Material Subsidiary shall be the continuing or surviving corporation, provided
further that nothing herein shall be deemed to prohibit a merger or consolidation by a Subsidiary
with or into another Person (other than the Borrower) in connection with an exchange of bottling
territories permitted under Sections 5.01(m)(ix) and 5.01(n)(vii), and provided further that in
each case, prior to and after giving effect to any such merger or consolidation, no Default or
Event of Default shall exist.
(k) Preservation of Material Agreements. Except in connection with dispositions of
assets or other transactions permitted by this Agreement, the Borrower will, and
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will cause its Subsidiaries to, use commercially reasonable efforts to maintain in full force and
effect all material agreements necessary for the conduct of the Borrower’s business, except where
such failure to so use such commercially reasonable efforts could not reasonably be expected to
have a Material Adverse Effect.
(l) Liens. The Borrower will not, and will not permit any Subsidiary to, create,
incur, or suffer to exist any Lien in or on the Property of the Borrower or any of its
Subsidiaries, whether now owned or hereafter acquired, except:
(i) the existing Liens listed in Schedule II hereto and other Liens existing on the
Closing Date securing an obligation in an amount, in the case of each such obligation, of
less than $5,000,000 (and extension, renewal and replacement Liens upon the same Property
previously subject to such an existing Lien, provided the amount secured by each Lien
constituting such an extension, renewal or replacement Lien shall not exceed the amount
secured by the Lien previously existing);
(ii) Liens arising from taxes, assessments, or claims described in Section 5.01(o)
hereof that are not yet due or that remain payable without penalty or to the extent
permitted to remain unpaid under the proviso to such Section 5.01(o);
(iii) deposits or pledges to secure worker’s compensation, unemployment insurance, old
age benefits or other social security obligations, or in connection with or to secure the
performance of bids, tenders, trade contracts or leases, or to secure statutory obligations,
or stay, surety or appeal bonds, or other pledges or deposits of like nature and all in the
ordinary course of business;
(iv) Liens on Property securing all or part of the purchase price thereof (including
without limitation Liens in respect of leases of personal or real Property) and Liens
(whether or not assumed) existing in Property at the time of purchase thereof by the
Borrower or a Subsidiary, as the case may be (and extension, renewal and replacement Liens
upon the same property previously subject to a Lien described in this clause (iv), provided
the amount secured by each Lien constituting such extension, renewal or replacement shall
not exceed the amount secured by the Lien previously existing), provided that each
such Lien is confined solely to the Property so purchased, improvements thereto and proceeds
thereof;
(v) Liens resulting from progress payments or partial payments under United States
Government contracts or subcontracts thereunder;
(vi) Liens arising from legal proceedings, so long as such proceedings are being
contested in good faith by appropriate proceedings diligently conducted and execution is
stayed on all judgments resulting from any such proceedings;
(vii) zoning restrictions, easements, minor restrictions on the use of real property,
minor irregularities in title thereto and other minor Liens that do not in the
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aggregate materially detract from the value of a Property to, or materially impair its use
in the business of, the Borrower or such Subsidiary; and
(viii) other Liens securing Indebtedness in an aggregate amount, as to all Liens
under this clause (viii), not exceeding $50,000,000 at any time outstanding.
(m) Investments. The Borrower will not, and will not permit any Subsidiary to, at
any time purchase, acquire or own any stock, bonds, notes or other securities of, or any
partnership or other interest in, or make any capital contribution to, any other Person (any of the
foregoing being referred to in this clause (m) as an “investment”), except:
(i) investments, in addition to those otherwise permitted hereunder, listed on
Schedule VI;
(ii) investments in Subsidiaries (subject to Section 5.01(m)(xii)) and investments in
any cooperative providing bottling, canning or other productive goods or services to the
Borrower or any Subsidiary;
(iii) investments in obligations backed by the full faith and credit of the United
States of America;
(iv) investments in certificates of deposit issued (i) by any of the Lenders, or (ii)
by any bank or by United States or Canadian commercial banks having shareholders’ equity of
at least $500,000,000 and whose long term obligations are rated “AA” or “Aa” by Standard &
Poor’s or Xxxxx’x, respectively;
(v) investments in commercial paper or corporate promissory notes maturing, or which
may be redeemed by the holder, not more than six months after the date of acquisition and
rated “A-1” by Standard & Poor’s Corporation or “P-1” by Xxxxx’x;
(vi) investments in repurchase agreements held in safekeeping at substantial
repositories and secured by investments of the kind listed in clauses (iii), (iv) and (v)
above;
(vii) investments in time deposits denominated in Dollars in commercial banks
(including branch offices of United States banks) located in Western Europe and having
shareholders’ equity of at least $500,000,000;
(viii) investments in assets, franchises and businesses after the Closing Date, the
result of which does not cause the Borrower to violate any term of this Section 5.01, and as
to which in the case of each such investment, the chief financial officer of the Borrower
shall have sent to each Bank a certificate certifying that the acquisition is permitted
hereunder including this clause (m), and in the event that the purchase price of any soft
drink bottling assets, franchises and business acquired singly or as a group exceeds
$50,000,000 shall have sent to each Lender a copy of audited and/or unaudited
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financial statements for the most recently completed fiscal year and interim period relating
to the assets, franchises and businesses acquired;
(ix) investments in Persons, assets, franchises and businesses after the Closing Date
in connection with an exchange of bottling territories; provided that on a pro forma
basis after giving effect to each such investment (including without limitation giving
effect to Acquisition Cash Flow for the relevant period) and the related disposition of
bottling territories by the Borrower or its Subsidiaries, the Borrower remains in compliance
with the covenants set forth in Sections 5.01(q) and (r);
(x) investments in wholly-owned Subsidiaries formed for the purpose of making
investments permitted hereunder;
(xi) other investments not exceeding $5,000,000 in the aggregate at any time for the
Borrower and all Subsidiaries; and
(xii) investments in Consolidated Subsidiaries created or acquired after the Closing
Date up to but not exceeding $50,000,000 in any fiscal year of the Borrower;
provided that anything herein to the contrary notwithstanding, the Borrower will not, and
will not permit its Subsidiaries to, acquire controlling interests in any Person or Persons whose
principal business is outside the beverage industry if the aggregate consideration paid in respect
of all such acquisitions after the Closing Date would exceed $125,000,000.
(n) Asset Dispositions. The Borrower will not, and will not permit any Subsidiary
to, sell, convey, assign, abandon or otherwise transfer or dispose of, voluntarily or involuntarily
(any of the foregoing being referred to in this clause (n) as a “transaction” and any
series of related transactions constituting but a single transaction), any of its Property,
tangible or intangible, except:
(i) transactions (including sales of trucks, vending machines and other equipment) in
the ordinary course of business;
(ii) transactions between Consolidated Subsidiaries or between the Borrower and
Consolidated Subsidiaries;
(iii) any sale of real property not used in the current operations of the Borrower,
provided that the aggregate proceeds of sales pursuant to this clause (iii) shall
not exceed $25,000,000 in any fiscal year of the Borrower;
(iv) other sales, conveyances, assignments or other transfers or dispositions in
immediate exchange for cash or tangible assets, subject to prior approval in each case by
the Majority Lenders;
(v) other sales, conveyances, assignments or other transfers or dispositions that do
not in the aggregate exceed $10,000,000 in any fiscal year of the Borrower;
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(vi) the sale for cash of any and all accounts receivable in a face amount not to
exceed $50,000,000;
(vii) dispositions of Persons, assets, franchises and businesses after the Closing Date
in connection with an exchange of bottling territories; provided that on a pro forma
basis after giving effect to any such disposition and the related acquisition of bottling
territories by the Borrower or its Subsidiaries, the Borrower remains in compliance with the
covenants set forth in Sections 5.01(q) and (r); and
(viii) transfers or dispositions for cash, other than as provided by clauses (i)
through (vii) above, if on the date of the consummation thereof, if such date is prior to
the Commitment Termination Date, the Commitments are permanently reduced on such date by the
amount equal to the cash proceeds of such transfers or dispositions less the amount of
transaction costs and income taxes incurred by the Borrower or one of its Subsidiaries in
connection with such transfer or disposition.
(o) Payment of Claims. The Borrower will, and will cause each Subsidiary to,
pay or discharge any of the following described taxes, assessments, charges, levies, claims
and
liabilities which are material to the Borrower and its Subsidiaries when taken as a whole:
(i) on or prior to the date on which penalties attach thereto, all taxes, assessments
and other governmental charges or levies imposed upon it or any of its Property or
income;
(ii) on or prior to the date when due, all lawful claims of materialmen, mechanics,
carriers, warehousemen, landlords and other like Persons which, if unpaid, might result in
the creation of a Lien upon any such Property; and
(iii) on or prior to the date when due, all other lawful claims which, if unpaid, might
result in the creation of a Lien upon any such Property (other than Liens not forbidden by
Section 5.01(l) hereof) or which, if unpaid, might give rise to a claim entitled to priority
over general creditors of the Borrower or such Subsidiary in a case under Title 11
(Bankruptcy) of the United States Code, as amended, or in any insolvency proceeding or
dissolution or winding-up involving the Borrower or such Subsidiary;
provided that unless and until foreclosure, distraint, levy, sale or similar proceedings
shall have been commenced, the Borrower or such Subsidiary need not pay or discharge any such tax,
assessment, charge, levy, claim or current liability so long as the validity thereof is contested
in good faith and by appropriate proceedings diligently conducted and so long as such reserves or
other appropriate provisions as may be required by GAAP shall have been made therefor and so long
as such failure to pay or discharge does not have a Material Adverse Effect.
(p) Subsidiary Debt. Except as disclosed in Schedule VIII, the Borrower will not
permit any Subsidiary to incur or permit to exist any Indebtedness except (i) Indebtedness to the
Borrower or another Subsidiary and (ii) other Indebtedness in an aggregate amount not exceeding
$5,000,000 at any time outstanding.
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(q) Consolidated Cash Flow/Fixed Charges Ratio. The Borrower will not permit the
Consolidated Cash Flow/Fixed Charges Ratio, as determined quarterly as of the last day of each
fiscal quarter of the Borrower (and treating such fiscal quarter as having been completed), to be
less than 1.5 to 1.
(r) Consolidated Funded Indebtedness/Cash Flow Ratio. The Borrower will not permit the
Consolidated Funded Indebtedness/Cash Flow Ratio, as determined quarterly as of the last day of
each fiscal quarter of the Borrower (and treating such fiscal quarter as having been completed), to
exceed 6.0 to 1.
(s) Contingent Obligations. The Borrower will not, and will not permit its
Subsidiaries to, incur Contingent Obligations in respect of Indebtedness of any Person in excess of
$100,000,000 in the aggregate at any time (excluding Contingent Obligations existing on the date
hereof and disclosed in Schedule VII).
ARTICLE 6
EVENTS OF DEFAULT
SECTION 6.01. Events of Default. If any of the following events (“Events of
Default”) shall occur and be continuing:
(a) The Borrower shall fail to pay any principal of any Advance when the same becomes
due and payable; or the Borrower shall fail to pay any interest on any Advance or any
Facility Fee or Utilization Fee or any other amount payable hereunder when due and such
failure remains unremedied for three Business Days; or
(b) Any representation or warranty made by the Borrower herein or by the Borrower (or
any of its officers) in any certificate delivered in connection with this Agreement shall
prove to have been incorrect in any material respect when made or deemed made; or
(c) (i) The Borrower shall fail to perform or observe any term, covenant or agreement
contained in Sections 5.01(b), (c)(1), (j), (q) or (r), (ii) the Borrower shall fail to
perform or observe the covenant contained in Section 5.01(a) and such failure remains
unremedied for five Business Days or (iii) Borrower shall fail to perform or observe any
other term, covenant or agreement contained in this Agreement on its part to be performed or
observed, and such failure, in the case of this clause (iii), remains unremedied for 30 days
after notice thereof shall have been given to the Borrower by the Administrative Agent; or
(d) The Borrower or any of its Subsidiaries shall fail to pay any principal of or
interest on any other Indebtedness which is outstanding in an aggregate principal amount of
at least $25,000,000, or its equivalent in other currencies (in this clause (d) called
“Material Indebtedness”), in the aggregate when the same becomes due and payable
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(whether at scheduled maturity, by required prepayment, acceleration, demand or otherwise); or any
other event shall occur or condition shall exist under any agreement or instrument relating to any
Material Indebtedness and shall continue after the applicable grace period, if any, specified in
such agreement or instrument, if the effect of such event or condition is to accelerate, or to
permit the acceleration of, the maturity of such Material Indebtedness, or to require the same to
be prepaid or defeased (other than by a regularly required payment); or
(e) The Borrower or any of its Subsidiaries shall generally not pay its debts as
such debts become due, or shall admit in writing its inability to pay its debts generally, or
shall make a general assignment for the benefit of creditors; or any proceeding shall be
instituted by or against the Borrower or any of its Subsidiaries seeking to adjudicate it a
bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement,
adjustment, protection, relief, or composition of it or its debts under any law relating to
bankruptcy, insolvency, reorganization or relief of debtors, or seeking the entry of an
order for relief or the appointment of a receiver, trustee, custodian or other similar
official
for it or for any substantial part of its Property and such proceeding shall remain
undismissed or unstayed for a period of 60 days; or the Borrower or any of its
Subsidiaries shall take any corporate action to authorize any of the actions set forth above
in this subsection (e); or
(f) (i) The Borrower or any of its Subsidiaries shall commence any case,
proceeding or other action (A) under any existing or future law of any jurisdiction,
domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of
debtors, seeking to have an order for relief entered with respect to it, or seeking to
adjudicate it a bankrupt or insolvent, or seeking liquidation, winding up, reorganization,
arrangement, adjustment, protection, relief or composition with respect to it or its debts
under any such law, or (B) seeking appointment of a receiver, trustee, custodian,
conservator or other similar official for it or for all or any substantial part of its
Property,
or the Borrower or any of its Subsidiaries shall make a general assignment for the benefit
of its creditors; or (ii) there shall be commenced against the Borrower or any of its
Subsidiaries any case, proceeding or other action of a nature referred to in clause (i)
above which (A) results in the entry of an order for relief or any such adjudication or
appointment or (B) remains undismissed, undischarged or unbonded for a period of 90
days; or (iii) there shall be commenced against the Borrower or any of its Subsidiaries
any case, proceeding or other action seeking issuance of a warrant of attachment,
execution, distraint or similar process against all or any substantial part of its Property
which results in the entry of an order for any such relief which shall not have been
vacated, discharged, or stayed or bonded pending appeal within 60 days from the entry
thereof; or (iv) the Borrower or any of its Subsidiaries shall take any action in furtherance
of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth
in
clause (i), (ii), or (iii) above;
(g) A Change in Control shall occur; or
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(h) The Majority Lenders shall determine in good faith (which determination
shall be conclusive) that the potential liabilities associated with the events set
forth in
clauses (i) through (vii) below, individually or in the aggregate, could have a
Material
Adverse Effect:
(i) The PBGC notifies a Plan pursuant to Section 4042 of ERISA by service of a
complaint, threat of filing a law suit or otherwise of its determination that an
event described in Section 4042(a) of ERISA has occurred, a Plan should be
terminated or a trustee should be appointed for a Plan; or
(ii) Any action is taken to terminate a Plan pursuant to its provisions or the
plan administrator files with the PBGC a notice of intent to terminate a Plan in
accordance with Section 4041 of ERISA; or
(iii) Any action is taken by a plan administrator to have a trustee appointed
for a Plan pursuant to Section 4042 of ERISA; or
(iv) A return is filed with the Internal Revenue Service, or a Plan is notified
by the Secretary of the Treasury that a notice of deficiency under Section 6212 of
the Code has been mailed, with respect to the tax imposed under Section 4971(a) of
the Code for failure to meet the minimum funding standards established under Section
412 of the Code; or
(v) A Reportable Event occurs with respect to a Plan; or
(vi) Any action is taken to amend a Plan to become an employee benefit plan
described in Section 4021(b)(1) of ERISA, causing a Plan termination under Section
4041(e) of ERISA; or
(vii) The Borrower or any member of a Controlled Group receives a notice of
liability or demand for payment on account of complete withdrawal under Section 4203
of ERISA, partial withdrawal under Section 4205 of ERISA or on account of becoming
secondarily liable for withdrawal liability payments under Section 4204 of ERISA
(sale of assets); or
(i) The Borrower or any of its Subsidiaries shall fail within 30 days to pay,
bond or otherwise discharge any judgment or order for the payment of money, either
singly or in the aggregate, in excess of $25,000,000, which is not stayed on appeal or
otherwise being appropriately contested in good faith;
then, and in any such event, the Administrative Agent (i) shall at the request, or may with the
consent, of the Majority Lenders, by notice to the Borrower, declare the obligation of each Lender
to make Advances to be terminated, whereupon the same shall forthwith terminate, and (ii) shall at
the request, or may with the consent, of the Majority Lenders, by notice to the Borrower, declare
the Advances, all interest thereon and all other amounts payable under this Agreement to be
forthwith due and payable, whereupon the Advances, all such interest and all
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such other amounts shall become and be forthwith due and payable, without presentment, demand,
protest or further notice of any kind, all of which are hereby expressly waived by the Borrower;
provided, however, that in the event of an Event of Default with respect to the
Borrower of the kind referred to in clause (e) or (f) above (A) the obligation of each Lender to
make Advances shall automatically be terminated and (B) the Advances, all such interest and all
such other amounts shall automatically become and be due and payable, without presentment, demand,
protest or any notice of any kind, all of which are hereby expressly waived by the Borrower.
ARTICLE 7
THE ADMINISTRATIVE AGENT
SECTION 7.01. Authorization and Action. Each Lender hereby appoints and authorizes the
Administrative Agent to take such action as administrative agent on its behalf and to exercise such
powers under this Agreement as are delegated to the Administrative Agent by the terms hereof,
together with such powers as are reasonably incidental thereto. As to any matters not expressly
provided for by this Agreement (including, without limitation, enforcement or collection of the
Advances), the Administrative Agent shall not be required to exercise any discretion or take any
action, but shall be required to act or to refrain from acting (and shall be fully protected in so
acting or refraining from acting) upon the instructions of the Majority Lenders, and such
instructions shall be binding upon all Lenders; provided, however, that the
Administrative Agent shall not be required to take any action which exposes the Administrative
Agent to personal liability or which is contrary to this Agreement or applicable law. The
Administrative Agent agrees to give to each Lender prompt notice of each notice given to it by the
Borrower pursuant to the terms of this Agreement.
SECTION 7.02. Administrative Agent’s Reliance, Etc. Neither the Administrative Agent
nor any of its directors, officers, agents or employees shall be liable to the Lenders for any
action taken or omitted to be taken by it or them under or in connection with this Agreement,
except for its or their own gross negligence or willful misconduct. Without limitation of the
generality of the foregoing, the Administrative Agent: (i) may consult with legal counsel
(including counsel for the Borrower), independent public accountants and other experts selected by
it and shall not be liable to the Lenders for any action taken or omitted to be taken in good faith
by it in accordance with the advice of such counsel, accountants or experts; (ii) makes no warranty
or representation to any Lender and shall not be responsible to any Lender for any statements,
warranties or representations (whether written or oral) made in or in connection with this
Agreement; (iii) shall not have any duty to ascertain or to inquire as to the performance or
observance of any of the terms, covenants or conditions of this Agreement on the part of the
Borrower or to inspect the property (including the books and records) of the Borrower or any of its
Subsidiaries; (iv) shall not be responsible to any Lender for the due execution, legality,
validity, enforceability, genuineness, sufficiency or value of this Agreement or any other
instrument or document furnished pursuant hereto; and (v) shall incur no liability to the Lenders
under or in respect of this Agreement by acting upon any notice, consent, certificate or other
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instrument or writing (which may be by telecopier, telegram, cable or telex) believed by it to be
genuine and signed or sent by the proper party or parties.
SECTION 7.03. Citibank and Affiliates. With respect to its Commitment and the Advances
made by it, Citibank shall have the same rights and powers under this Agreement as any other Lender
and may exercise the same as though it were not the Administrative Agent; and the term “Lender” or
“Lenders” shall, unless otherwise expressly indicated, include Citibank in its individual capacity.
Citibank and its Affiliates may accept deposits from, lend money to, act as trustee under
indentures of, and generally engage in any kind of business with, the Borrower, any of its
Subsidiaries and any Person who may do business with or own securities of the Borrower or any such
Subsidiary, all as if Citibank were not the Administrative Agent and without any duty to account
therefor to the Lenders.
SECTION 7.04. Lender Credit Decision. Each Lender acknowledges that it has,
independently and without reliance upon the Administrative Agent or any other Lender and based on
the financial statements referred to in Section 4.01 and such other documents and information as it
has deemed appropriate, made its own credit analysis and decision to enter into this Agreement.
Each Lender also acknowledges that it will, independently and without reliance upon the
Administrative Agent or any other Lender and based on such documents and information as it shall
deem appropriate at the time, continue to make its own credit decisions in taking or not taking
action under this Agreement.
SECTION 7.05. Indemnification. The Lenders agree to indemnify the Administrative Agent
(to the extent not reimbursed by the Borrower), ratably according to the respective amounts of
their Commitments, from and against any and all liabilities, obligations, losses, damages,
penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature
whatsoever which may be imposed on, incurred by, or asserted against the Administrative Agent in
any way relating to or arising out of this Agreement or any action taken or omitted by the
Administrative Agent under this Agreement, provided that no Lender shall be liable for any
portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits,
costs, expenses or disbursements found in a final-non-appealable judgment by a court of competent
jurisdiction to have resulted from the Administrative Agent’s gross negligence or willful
misconduct. Without limiting the foregoing, each Lender agrees to reimburse the Administrative
Agent promptly upon demand for its ratable share of any out-of-pocket expenses (including counsel
fees) incurred by the Administrative Agent in connection with the preparation, execution, delivery,
administration, modification, amendment or enforcement (whether through negotiations, legal
proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this
Agreement, to the extent that the Administrative Agent is not reimbursed for such expenses by the
Borrower.
SECTION 7.06. Successor Administrative Agent. The Administrative Agent may resign at
any time by giving written notice thereof to the Lenders and the Borrower and may be removed at any
time with or without cause by the Majority Lenders. Upon any such resignation or removal, the
Majority Lenders shall have the right to appoint a successor Administrative Agent that, unless a
Default or Event of Default shall have occurred and then be continuing, is reasonably acceptable to
the Borrower. If no successor Administrative Agent shall
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have been so appointed by the Majority Lenders, and shall have accepted such appointment, within 30
days after the retiring Administrative Agent’s giving of notice of resignation or the Majority
Lenders’ removal of the retiring Administrative Agent, then the retiring Administrative Agent may,
on behalf of the Lenders, appoint a successor Administrative Agent, which shall be a commercial
bank organized under the laws of the United States of America or of any State thereof and having
total assets of at least $1,000,000,000. Upon the acceptance of any appointment as Administrative
Agent hereunder by a successor Administrative Agent, such successor Administrative Agent shall
thereupon succeed to and become vested with all the rights, powers, privileges and duties of the
retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its
duties and obligations under this Agreement. After any retiring Administrative Agent’s resignation
or removal hereunder as Administrative Agent, the provisions of this Article 7 shall inure to its
benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent
under this Agreement.
SECTION 7.07. Arrangers. Each Arranger, in its capacity as such, shall have no
obligation or responsibility hereunder and shall not become liable in any manner hereunder to any
party hereto.
ARTICLE 8
MISCELLANEOUS
SECTION 8.01. Amendments, Etc. No amendment of any provision of this Agreement shall
be effective unless the same shall be in writing and signed by the Borrower and the Majority
Lenders, or by the Borrower and the Administrative Agent on behalf of the Majority Lenders, and no
waiver of any provision of this Agreement shall be effective unless the same shall be in writing
and signed by the Administrative Agent with the consent of the Majority Lenders; provided,
however, that no amendment, or waiver shall, unless in writing and signed by all the
Lenders or by the Administrative Agent with the consent of all the Lenders, do any of the
following: (a) increase or extend the Commitments (other than as contemplated by Sections 2.18 and
2.19), (b) reduce the principal of, or interest on, the Notes or any fees (other than the
Administrative Agent’s fee referred to in Section 2.03(c)) or other amounts payable hereunder, (c)
postpone any date fixed for any payment of principal of, or interest on, the Advances or any fees
(other than the Administrative Agent’s fee referred to in Section 2.03(c)) or other amounts payable
hereunder, (d) change the second sentence of Section 2.13(a), (e) change the percentage of the
Commitments or of the aggregate unpaid principal amount of the Advances which shall be required for
the Lenders or any of them to take any action hereunder or (f) amend this Section 8.01;
provided further that no amendment or waiver shall, unless in writing and signed by the
Administrative Agent in addition to the Lenders required above to take such action, affect the
rights or duties of the Administrative Agent under this Agreement. This Agreement and the agreement
referred to in Section 2.03(c) and the Notes constitute the entire agreement of the parties with
respect to the subject matter hereof and thereof.
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SECTION 8.02. Notices, Etc.
(a) Subject to clauses (b) through (e) below, all notices and other
communications provided for hereunder shall be in writing (including telecopier) and mailed,
telecopied or delivered by hand:
|
|
|
(i) |
|
if to the Borrower:
Coca-Cola Bottling Co. Consolidated
0000 Xxxx-Xxxx Xxxxx
Xxxxxxxxx, XX 00000
Attention: Vice President & Treasurer
Telephone No.: (000) 000-0000
Telecopier No.: (000) 000-0000 |
|
|
|
(ii) |
|
if to the Administrative Agent:
Citibank, N.A.
Xxx Xxxxx Xxx, Xxxxx 000
Xxx Xxxxxx, Xxxxxxxx 00000
Attention: Xxxxxxxx Xxxxx-Xxxxxxxx
Telephone No.: (000) 000-0000
Telecopier No.: (000) 000-0000 |
|
|
|
(iii) |
|
if to any Lender, at the Domestic Lending Office of such Lender; |
or, as to the Borrower or the Administrative Agent, at such other address as shall be designated by
such party in a written notice to the other parties and, as to each other party, at such other
address as shall be designated by such party in a written notice to the Borrower and the
Administrative Agent. All such notices and communications shall be deemed to have been duly given
or made (i) in the case of hand deliveries, when delivered by hand, (ii) in the case of mailed
notices, three Business Days after being deposited in the mail, postage prepaid, and (iii) in the
case of telecopier notice, when transmitted and confirmed during normal business hours (or, if
delivered after the close of normal business hours, at the beginning of business hours on the next
Business Day), except that notices and communications to the Administrative Agent pursuant to
Article 2 or 7 shall not be effective until received by the Administrative Agent.
(b) The Borrower hereby agrees that it will use its best efforts to provide to the
Administrative Agent all information, documents and other materials that it is obligated to
furnish to the Administrative Agent pursuant to this Agreement, including, without limitation,
all
notices, requests, financial statements, financial and other reports, certificates and other
information materials, but excluding any such communication that (i) relates to the payment of
any principal or other amount due under this Agreement prior to the scheduled date therefor,
(ii)
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provides notice of any Default or Event of Default under this Agreement or (iii) is required to be
delivered to satisfy any condition precedent to the occurrence of the Closing Date and/or any
borrowing (all such non-excluded communications being referred to herein collectively as
“Communications”), by transmitting the Communications in an electronic/soft medium in a
format acceptable to the Administrative Agent to xxxxxxxxxxxxxxx@xxxxxxxxx.xxx. In addition, the
Borrower agrees to continue to provide the Communications to the Administrative Agent in the manner
specified herein but only to the extent requested by the Administrative Agent.
(c) The Borrower further agrees that the Administrative Agent may make the Communications
available to the Lenders by posting the Communications on Intralinks or a substantially similar
electronic transmission system (the “Platform”). THE PLATFORM IS PROVIDED “AS IS” AND “AS
AVAILABLE”. THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE
COMMUNICATIONS, OR THE ADEQUACY OF THE PLATFORM AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR
OMISSIONS IN THE COMMUNICATIONS. NO
WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR
FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY THE AGENT PARTIES IN CONNECTION WITH THE
COMMUNICATIONS OR THE PLATFORM. IN NO EVENT SHALL THE ADMINISTRATIVE AGENT OR ANY OF ITS AFFILIATES
OR ANY OF THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS,
ADVISORS OR REPRESENTATIVES (COLLECTIVELY, THE “AGENT PARTIES”) HAVE ANY LIABILITY TO THE
BORROWER, ANY LENDER OR ANY OTHER PERSON OR
ENTITY FOR DAMAGES OF ANY KIND, INCLUDING, WITHOUT LIMITATION, DIRECT OR INDIRECT, SPECIAL,
INCIDENTAL OR CONSEQUENTIAL DAMAGES,
LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE) ARISING OUT OF THE BORROWER’S OR THE
ADMINISTRATIVE AGENT’S TRANSMISSION OF
COMMUNICATIONS THROUGH THE INTERNET, EXCEPT TO THE EXTENT THE LIABILITY OF ANY AGENT PARTY IS FOUND
IN A FINAL NON-APPEALABLE
JUDGMENT BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED
PRIMARILY FROM SUCH AGENT PARTY’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT.
(d) The Administrative Agent agrees that the receipt of the Communications by the
Administrative Agent at its e-mail address set forth above shall constitute effective delivery of
the Communications to the Administrative Agent for purposes hereof. Each Lender agrees that notice
to it (as provided in the next sentence) specifying that the Communications have been posted to the
Platform shall constitute effective delivery of the Communications to such Lender for purposes
hereof. Each Lender agrees (i) to provide to the Administrative Agent in writing (including by
electronic communication), promptly after the date of this Agreement, an e-mail address to which
the foregoing notice may be sent by electronic transmission and (ii) that the foregoing notice may
be sent to such e-mail address.
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(e) Nothing herein shall prejudice the right of the Administrative Agent or any Lender to give
any notice or other communication pursuant hereto in any other manner specified herein.
SECTION 8.03. No Waiver; Remedies. No failure on the part of any Lender or the
Administrative Agent to exercise, and no delay in exercising, and no course of dealing with respect
to, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise
of any such right preclude any other or further exercise thereof or the exercise of any other
right. The remedies herein provided are cumulative and not exclusive of any remedies provided by
law.
SECTION 8.04. Costs, Expenses and Indemnification.
(a) The Borrower agrees to pay and reimburse on demand (i) all reasonable
costs and expenses of the Administrative Agent and each Arranger in connection with the
preparation, execution, delivery, administration, modification and amendment of this Agreement
and the other documents to be delivered hereunder, including, without limitation, the
reasonable
fees and out-of-pocket expenses of counsel for the Administrative Agent with respect thereto
and
with respect to advising the Administrative Agent as to its rights and responsibilities under
this
Agreement, and (ii) all costs and expenses, if any (including, without limitation, reasonable
counsel fees and expenses of the Administrative Agent and each of the Lenders), incurred by
the
Administrative Agent or any Lender in connection with the enforcement (whether through
negotiations, legal proceedings or otherwise) of this Agreement and the other documents to be
delivered hereunder, including, without limitation, reasonable counsel fees and expenses in
connection with the enforcement of rights under this Section 8.04(a). Such reasonable fees and
out-of-pocket expenses shall be reimbursed by the Borrower upon presentation to the Borrower
of a statement of account, regardless of whether this Agreement is executed and delivered by
the
parties hereto or the transactions contemplated by this Agreement are consummated.
(b) (i) The Borrower hereby agrees to indemnify the Administrative Agent,
each Arranger, each Lender and each of their respective Affiliates and their respective
officers, directors, employees, agents, advisors and representatives (each, an
“Indemnified Party”) from and against any and all direct claims, damages,
losses,
liabilities and expenses (including, without limitation, reasonable fees and
disbursements
of counsel), joint or several, that may be incurred by or asserted or awarded against
any
Indemnified Party, in each case arising out of or in connection with or relating to any
investigation, litigation or proceeding or the preparation of any defense with respect
thereto arising out of or in connection with or relating to this Agreement or the
transactions contemplated hereby or thereby or any use made or proposed to be made
with the proceeds of the Advances, whether or not such investigation, litigation or
proceeding is brought by the Borrower, any of its shareholders or creditors, an
Indemnified Party or any other Person, or an Indemnified Party is otherwise a party
thereto, and whether or not any of the conditions precedent set forth in Article 3 are
satisfied or the other transactions contemplated by this Agreement are consummated,
except to the extent such direct claim, damage, loss, liability or expense is found in
a
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final, non-appealable judgment by a court of competent jurisdiction to have resulted from
such Indemnified Party’s gross negligence or willful misconduct.
(ii) The Borrower hereby further agrees that (i) no Indemnified Party shall have any
liability to the Borrower for or in connection with or relating to this Agreement or the
transactions contemplated hereby or thereby or any use made or proposed to be made with the
proceeds of the Advances, except to the extent such liability is found in a final,
non-appealable judgment by a court of competent jurisdiction to have resulted from such
Indemnified Party’s gross negligence or willful misconduct and (ii) the Borrower will not
assert any claim against the Administrative Agent or any Lender, any of their respective
Affiliates, or any of their respective directors, officers, employees, attorneys or agents,
on any theory of liability, for consequential, indirect, special or punitive damages arising
out of or relating to this Agreement or the actual or proposed use of any Advance.
(c) If any payment of principal of, or Conversion or Continuation of, any Eurodollar Rate
Advance of a Lender is made on a day other than the last day of an Interest Period for such Advance
as a result of any optional or mandatory prepayment, acceleration of the maturity of the Advances
pursuant to Section 6.01 or for any other reason, the Borrower shall pay to the Administrative
Agent for the account of such Lender any amounts required to compensate such Lender for any
additional losses, costs or expenses (other than loss of profit) which it may reasonably incur as a
result of such payment, Continuation or Conversion and the liquidation or reemployment of deposits
or other funds acquired by such Lender to fund or maintain such Advance. A certificate as to the
amount of such losses, costs and expenses, submitted to the Borrower and the Administrative Agent
by such Lender, shall be conclusive and binding for all purposes, absent manifest error.
SECTION 8.05. Binding Effect. This Agreement shall be binding upon and inure to the
benefit of the Borrower, the Administrative Agent and each Lender and their respective successors
and permitted assigns, provided that the Borrower shall not have the right to assign its
rights hereunder or any interest herein without the prior written consent of the Lenders.
SECTION 8.06. Assignments and Participations.
(a) Each Lender may, with notice to and the consent of the Administrative Agent and,
unless an Event of Default shall have occurred and be continuing, the Borrower (such consents not
to be unreasonably withheld), assign to one or more banks or other entities all or a portion of its
rights and obligations under this Agreement (including, without limitation, all or a portion of its
Commitment and the Advances owing to it); provided that:
(i) each such assignment shall be of a constant, and not a varying, percentage of all
rights and obligations of the assigning Lender under this Agreement,
(ii) except in the case of an assignment by a Lender to one of its Affiliates or to
another Lender, the amount of the Commitment of the assigning Lender being assigned pursuant
to each such assignment (determined as of the date of the Assignment and Acceptance with
respect to such assignment) shall in no event (unless the Borrower and
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the Administrative Agent otherwise agree) be less than the lesser of (x) such Lender’s
Commitment hereunder and (y) $5,000,000 or an integral multiple of $1,000,000 in excess
thereof,
(iii) each such assignment shall be to an Eligible Assignee,
(iv) the parties to each such assignment shall execute and deliver to the
Administrative Agent, for its acceptance and recording in the Register, an Assignment and
Acceptance, and
(v) the parties to each such assignment (other than the Borrower) shall deliver to the
Administrative Agent a processing and recordation fee of $3,500.
Upon such execution, delivery, acceptance and recording, from and after the Closing Date specified
in each Assignment and Acceptance, (x) the assignee thereunder shall be a party hereto and, to the
extent that rights and obligations hereunder have been assigned to it pursuant to such Assignment
and Acceptance, have the rights and obligations of a Lender hereunder and (y) the Lender assignor
thereunder shall, to the extent that rights and obligations hereunder have been assigned by it
pursuant to such Assignment and Acceptance, relinquish its rights and be released from its
obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all or
the remaining portion of an assigning Lender’s rights and obligations under this Agreement, such
Lender shall cease to be a party hereto).
(b) By executing and delivering an Assignment and Acceptance, the Lender assignor
thereunder and the assignee thereunder confirm to and agree with each other and the other parties
hereto as follows: (i) other than as provided in such Assignment and Acceptance, such assigning
Lender makes no representation or warranty and assumes no responsibility with respect to any
statements, warranties or representations made in or in connection with this Agreement or the
execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement
or any other instrument or document furnished pursuant hereto; (ii) such assigning Lender makes no
representation or warranty and assumes no responsibility with respect to the financial condition of
the Borrower or the performance or observance by the Borrower of any of its obligations under this
Agreement or any other instrument or document furnished pursuant hereto; (iii) such assignee
confirms that it has received a copy of this Agreement, together with copies of the financial
statements referred to in Section 4.01 and such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into such Assignment and
Acceptance; (iv) such assignee will, independently and without reliance upon the Administrative
Agent, such assigning Lender or any other Lender and based on such documents and information as it
shall deem appropriate at the time, continue to make its own credit decisions in taking or not
taking action under this Agreement; (v) such assignee confirms that it is an Eligible Assignee;
(vi) such assignee appoints and authorizes the Administrative Agent to take such action as
administrative agent on its behalf and to exercise such powers under this Agreement as are
delegated to the Administrative Agent by the terms hereof, together with such powers as are
reasonably incidental thereto; and (vii) such assignee agrees that it will perform in accordance
with their terms all of the obligations which by the terms of this Agreement are required to be
performed by it as a Lender.
Credit Agreement
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(c) Upon its receipt of an Assignment and Acceptance executed by an assigning Lender and an
assignee representing that it is an Eligible Assignee, the Administrative Agent shall, if such
Assignment and Acceptance has been completed (and the Borrower and the Administrative Agent shall
have consented to the relevant assignment) and is in substantially the form of Exhibit B hereto,
(i) accept such Assignment and Acceptance, (ii) record the information contained therein in the
Register and (iii) give prompt notice thereof to the Borrower.
(d) The Administrative Agent shall maintain at its address referred to in Section 8.02 a copy
of each Assignment and Acceptance delivered to and accepted by it and a register for the
recordation of the names and addresses of each of the Lenders and, with respect to Lenders, the
Commitment of, and principal amount of the Advances owing to, each such Lender from time to time
(the “Register”). The entries in the Register shall be conclusive and binding for all
purposes, absent manifest error, and the Borrower, the Administrative Agent and the Lenders may
treat each Person whose name is recorded in the Register as a Lender hereunder for the purposes of
this Agreement. The Register shall be available for inspection by the Borrower or any Lender at any
reasonable time and from time to time upon reasonable prior notice.
(e) Each Lender may sell participations to one or more Persons in or to all or a portion of
its rights and obligations under this Agreement (including, without limitation, all or a portion of
its Commitment and the Advances owing to it); provided, however, that (i) such
Lender’s obligations under this Agreement (including, without limitation, its Commitment to the
Borrower hereunder) shall remain unchanged, (ii) such Lender shall remain solely responsible to the
other parties hereto for the performance of such obligations, (iii) the Borrower, the
Administrative Agent and the other Lenders shall continue to deal solely and directly with such
Lender in connection with such Lender’s rights and obligations under this Agreement, (iv) in any
proceeding under the Federal Bankruptcy Code in respect of the Borrower, such Lender shall remain
and be, to the fullest extent permitted by law, the sole representative with respect to the rights
and obligations held in the name of such Lender (whether such rights or obligations are for such
Lender’s own account or for the account of any participant) and (v) no participant under any such
participation agreement shall have any right to approve any amendment or waiver of any provision of
this Agreement, or to consent to any departure by the Borrower therefrom, except to the extent that
any such amendment, waiver or consent would (x) reduce the principal of, or interest on, the Notes,
in each case to the extent the same are subject to such participation, or
(y) postpone any date fixed for the payment of principal of, or interest on, the Advances, in each
case to the extent the same are subject to such participation.
(f) Any Lender may, in connection with any permitted assignment or participation or proposed
assignment or participation pursuant to this Section 8.06 and subject to the provisions of Section
8.12, disclose to the assignee or participant or proposed assignee or participant any information
relating to the Borrower or any of its Subsidiaries or Affiliates furnished to such Lender by or on
behalf of the Borrower.
(g) Notwithstanding any other provision set forth in this Agreement, any Lender may at any
time, without the consent of the Administrative Agent or the Borrower, create a security interest
in all or any portion of its rights under this Agreement (including, without
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limitation, the Advances owing to it) in favor of any Federal Reserve Bank in accordance with
Regulation A of the Board of Governors of the Federal Reserve System.
(h) Notwithstanding any other provision set forth in this Agreement, any Lender may at any
time, without the consent of the Administrative Agent or the Borrower, assign to an Affiliate of
such Lender all or any portion of its rights (but not its obligations) under this Agreement.
SECTION 8.07. Governing Law; Submission to Jurisdiction. This Agreement shall be
governed by, and construed in accordance with, the law of the State of New York. The Borrower
hereby submits to the nonexclusive jurisdiction of the United States District Court for the
Southern District of New York and of any New York state court sitting in New York City for the
purposes of all legal proceedings arising out of or relating to this Agreement or the transactions
contemplated hereby. The Borrower hereby irrevocably appoints CT
Corporation System (the “Process Agent”), with an office on the date hereof at
000 0xx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000, as its agent and true
and lawful attorney-in-fact in its name, place and stead to accept on behalf of the Borrower and
its Property service of the copies of the summons and complaint and any other process which may be
served in any such legal proceedings brought in any such court, and the Borrower agrees that the
failure of the Process Agent to give any notice of any such service of process to the Borrower
shall not impair or affect the validity of such service or, to the extent permitted by applicable
law, the enforcement of any judgment based thereon. The Borrower irrevocably waives, to the fullest
extent permitted by applicable law, any objection that it may now or hereafter have to the laying
of the venue of any such proceeding brought in such a court and any claim that any such proceeding
brought in such a court has been brought in an inconvenient forum.
SECTION 8.08. Severability. In case any provision in this Agreement shall be held to
be invalid, illegal or unenforceable, such provision shall be severable from the rest of this
Agreement, and the validity, legality and enforceability of the remaining provisions shall not in
any way be affected or impaired thereby.
SECTION 8.09. Execution in Counterparts. This Agreement may be executed in any number
of counterparts and by different parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and all of which taken together shall constitute one and
the same agreement. Any counterpart hereof may be executed and delivered via telecopier, and each
such counterpart so executed and delivered shall have the same force and effect as an originally
executed and delivered counterpart hereof.
SECTION 8.10. Survival. The obligations of the Borrower under Sections 2.02(b), 2.07,
2.11, 2.14 and 8.04, and the obligations of the Lenders under Section 7.05, shall survive the
repayment of the Advances and the termination of the Commitments. In addition, each representation
and warranty made, or deemed to be made by any Notice of Borrowing, herein or pursuant hereto shall
survive the making of such representation and warranty, and no Lender shall be deemed to have
waived, by reason of making any Advance, any Default or Event of Default that may arise by reason
of such representation or warranty proving to have been false or misleading.
Credit Agreement
- 54 -
SECTION 8.11. Waiver of Jury Trial. EACH OF THE BORROWER, THE ADMINISTRATIVE AGENT AND
THE LENDERS HEREBY IRREVOCABLY WAIVES,
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL
PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.
SECTION 8.12. Confidentiality. Each Lender agrees to hold any confidential information
which it may receive from the Borrower or any of its Subsidiaries or Affiliates pursuant to this
Agreement in confidence and for use in connection with this Agreement, including without limitation
for use in connection with its rights and remedies hereunder, except for disclosure (a) to other
Lenders and their respective Affiliates, (b) to legal counsel, accountants, and other professional
advisors to such Lender, (c) to regulatory officials, (d) as requested pursuant to or as required
by law, regulation, or legal process, (e) in connection with any legal proceeding to which such
Lender is a party and (f) to a proposed assignee or participant permitted under Section 8.06 which
shall have agreed in writing to keep such disclosed confidential information confidential in
accordance with this Section.
SECTION 8.13. Nonliability of Lenders. The relationship between the Borrower and the
Lenders and the Administrative Agent shall be solely that of borrower and lender and neither the
Administrative Agent nor any Lender shall have any fiduciary responsibilities to the Borrower.
SECTION 8.14. USA PATRIOT Act. Each Lender hereby notifies the Borrower that pursuant
to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October
26, 2001)) (the “Act”), it is required to obtain, verify and record information that
identifies the Borrower, which information includes the name and address of the Borrower and other
information that will allow such Lender to identify the Borrower in accordance with the
Act.
Credit Agreement
- 55 -
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their
respective officers thereunto duly authorized, as of the date first above written.
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Borrower
COCA-COLA BOTTLING CO. CONSOLIDATED
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By |
/s/ Xxxxxxxx X. Deal
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Name: |
Xxxxxxxx X. Deal, III |
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Title: |
Vice President and Treasurer |
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Administrative Agent
CITIBANK, N.A.,
as Administrative Agent
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By |
/s/ Xxxx Xxxxx
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Name: |
Xxxx Xxxxx |
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Title: |
Vice President |
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Credit Agreement
- 56 -
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Banks
CITIBANK, N.A.
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By |
/s/ Xxxx Xxxxx
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Name: |
Xxxx Xxxxx |
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Title: |
Vice President |
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Credit Agreement
- 57 -
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WACHOVIA BANK, NATIONAL
ASSOCIATION
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By |
/s/ Xxxxx Xxxxxxxx
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Name: |
Xxxxx Xxxxxxxx |
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Title: |
Vice President |
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Credit Agreement
- 58 -
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COOPERATIEVE CENTRALE RAIFFEISEN-
BOERENLEENBANK B.A., “RABOBANK
NEDERLAND”, NEW YORK BRANCH
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By |
/s/ Xxxxxx Xxxxxxxx-Xxxxxxx
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Name: |
Xxxxxx Xxxxxxxx-Xxxxxxx |
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Title: |
Executive Director |
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By |
/s/ Xxxxxxx Xxxxxx
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Name: |
Xxxxxxx Xxxxxx |
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Title: |
Executive Director |
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Credit Agreement
- 59 -
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SUNTRUST BANK
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By |
/s/ Xxxx X. Xxxxx
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Name: |
Xxxx X. Xxxxx |
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Title: Director |
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Credit Agreement
- 60 -
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BRANCH BANKING AND TRUST COMPANY
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By |
/s/ Xxxxxx X. Xxxxx
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Name: |
Xxxxxx X. Xxxxx |
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Title: |
Senior Vice President |
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Credit Agreement
- 61 -
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KBC BANK N.V.
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By |
/s/ Xxxxxx X. Xxxxxxx
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Name: |
Xxxxxx X. Xxxxxxx |
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Title: |
First Vice President |
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By |
/s/ Xxxxxx Xxxxxxxx
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Name: |
Xxxxxx Xxxxxxxx |
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Title: |
First Vice President |
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Credit Agreement
SCHEDULE I
Banks, Commitments and Lending Offices
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Domestic |
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Eurodollar |
Bank |
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Commitment |
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Lending Office |
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Lending Office |
Citibank, N.A.
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$ |
50,000,000 |
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Citibank, N.A.
Two Xxxxx Xxx
Xxx Xxxxxx, XX 00000
Attn: Xxxxxxxxx Quezon
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Citibank, N.A.
Two Xxxxx Xxx
Xxx Xxxxxx, XX 00000
Attn: Xxxxxxxxx Quezon |
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Wachovia Bank,
National Association
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50,000,000 |
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Wachovia Bank,
National Association
0000 Xxxxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
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Wachovia Bank,
National Association
0000 Xxxxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000 |
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Cooperatieve Centrale
Raiffeisen-Boerenleenbank
B.A., “Rabobank
International”, New York
Branch
|
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30,000,000 |
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Cooperatieve Centrale
Raiffeisen-Boerenleenbank
B.A., “Rabobank
International”, New York
Branch
000 Xxxx Xxx.
Xxx Xxxx, XX 00000
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Cooperatieve Centrale
Raiffeisen-Boerenleenbank
B.A., “Rabobank
International”, New York
Branch
000 Xxxx Xxx.
Xxx Xxxx, XX 00000 |
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SunTrust Bank
|
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30,000,000 |
|
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SunTrust Bank
000 Xxxxxxxxx Xxxxxx,
0xx Xxxxx
Xxxxxxx, XX 00000
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SunTrust Bank
000 Xxxxxxxxx Xxxxxx,
0xx Xxxxx
Xxxxxxx, XX 00000 |
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Branch Banking
and Trust Company
|
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30,000,000 |
|
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Branch Banking
and Trust Company
000 X. Xxxxxxx Xxxxxx
0xx Xxxxx
Xxxxxxxxx, XX 00000
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Branch Banking
and Trust Company
000 X. Xxxxxxx Xxxxxx
0xx Xxxxx
Xxxxxxxxx, XX 00000 |
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KBC Bank N.V.
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10,000,000 |
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KBC Bank N.V.
0000 Xxxxxx xx xxx
Xxxxxxxx
Xxx Xxxx, XX 00000
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KBC Bank N.V.
0000 Xxxxxx xx xxx
Xxxxxxxx
Xxx Xxxx, XX 00000 |
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Total
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$ |
200,000,000 |
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Schedule I
SCHEDULE II
Existing Liens Securing Indebtedness,
in each case, of $5,000,000 or more
NONE
Schedule II
SCHEDULE III
Litigation
1. Ozarks Coca-Cola/Xx. Xxxxxx Bottling Company, et al. vs. The Coca-Cola
Company and Coca-Cola Enterprises Inc., Civil Action File No. 06-3056-CV-S. On February 14,
2006, forty-eight Coca-Cola bottler plaintiffs filed suit in the United States District Court for
the Western District of Missouri against The Coca-Cola Company (“KO”) and Coca-Cola Enterprises
Inc. (“CCE”). On February 24, 2006, the plaintiffs filed an amended complaint adding twelve
bottlers as plaintiffs. In the lawsuit, the bottler plaintiffs made claims for breach of contract
and breach of duty and other related claims arising out of CCE’s plan to offer warehouse delivery
of POWERAde to Wal-Mart Stores, Inc. (“Wal-Mart”) within CCE’s territory. The bottler plaintiffs
sought preliminary and permanent injunctive relief prohibiting the warehouse delivery of POWERAde
and unspecified compensatory and punitive damages.
On March 17, 2006, the U.S. District Court for the Western District of Missouri, pursuant to a
motion brought by KO and CCE, transferred the case to the Northern District of Georgia. On
September 5, 2006, the Georgia federal District Court granted the Borrower’s motion to intervene as
a defendant for limited purpose. The court found that the Borrower had a legally protectable
interest at stake in the litigation in that the relief requested from the plaintiffs would preclude
the Borrower from warehouse delivering POWERAde within its exclusive territory.
On February 12, 2007, KO, CCE, the Borrower and many of the plaintiffs entered into a series
of agreements that will result in the dismissal without prejudice of the lawsuit and the
implementation of a program to test various new route-to-market service systems. The agreement
preserves all parties’ rights, and affords the bottling system an opportunity to meet to discuss
whether the program to test route-to-market service systems should be continued. We anticipate the
lawsuit will be dismissed without prejudice in the next sixty days. The settlement does not
require any payment by the Borrower, but the disagreements among the various Coca-Cola bottlers
have not been finally resolved and could adversely affect the Borrower’s ability to fully
implement its business plans in the future.
The following items are listed for informational purposes only. The Borrower, in its
reasonable judgment, does not believe that any of the following items will have a Material Adverse
Effect.
1. Several environmental matters are being monitored and remediated by the Borrower to the
satisfaction of regulatory authorities. None of these matters are currently in litigation and the
Borrower is unable to determine at this time whether any claims may arise out these matters.
2. The Borrower is, from time-to-time, party to, and is threatened to be made party to,
employment related claims.
Schedule III
3. The Borrower is, from time-to-time, party to, and is threatened to be made party
to, product liability, auto liability, general liability, workers’ compensation and preference
claims.
Schedule III
SCHEDULE IV
Subsidiaries
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Incorporated/ |
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Percent |
Entity’s Legal Name |
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Organized |
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Ownership By |
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Owned |
Material Subsidiaries: |
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CCBCC Operations, LLC
|
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DE
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Coca-Cola Bottling Co.
Consolidated
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100 |
% |
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CCBCC Vending, LLC
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DE
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CCBCC Operations, LLC &
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99 |
% |
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Tennessee Soft Drink
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1 |
% |
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Production Company |
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Coca-Cola Ventures, Inc.
|
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DE
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Coca-Cola Bottling Co.
Consolidated
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100 |
% |
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Piedmont Coca-Cola Bottling
Partnership
|
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DE
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Coca-Cola Ventures, Inc.
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77 |
% |
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BYB Brands, Inc.
|
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NC
|
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Coca-Cola Bottling Co.
Consolidated
|
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100 |
% |
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Other Subsidiaries: |
|
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CCBC of Wilmington, Inc.
|
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DE
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Piedmont Coca-Cola
Bottling Partnership
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100 |
% |
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CCBCC, Inc.
|
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DE
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Coca-Cola Bottling Co.
Consolidated
|
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100 |
% |
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Chesapeake Treatment Company,
LLC
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NC
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CCBCC Operations, LLC
|
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100 |
% |
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Consolidated Beverage Co.
|
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DE
|
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Coca-Cola Bottling Co.
Consolidated
|
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100 |
% |
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Consolidated Real Estate Group,
LLC
|
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NC
|
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Coca-Cola Bottling Co.
Consolidated
|
|
|
100 |
% |
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Data Ventures, Inc.
|
|
NC
|
|
Coca-Cola Bottling Co.
Consolidated
|
|
|
100 |
% |
Schedule IV
|
|
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|
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|
|
Incorporated/ |
|
|
|
Percent |
Entity’s Legal Name |
|
Organized |
|
Ownership By |
|
Owned |
Heath Oil Co., Inc.
|
|
SC
|
|
CCBCC Operations, LLC
|
|
|
100 |
% |
|
|
|
|
|
|
|
|
|
Tennessee Soft Drink Production
Company
|
|
TN
|
|
CCBCC Operations, LLC
|
|
|
100 |
% |
|
|
|
|
|
|
|
|
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TXN, Inc.
|
|
DE
|
|
Data Ventures, Inc.
|
|
|
100 |
% |
|
|
|
|
|
|
|
|
|
Swift Water Logistics, Inc.
|
|
NC
|
|
Coca-Cola Bottling Co. Consolidated
|
|
|
100 |
% |
|
|
|
|
|
|
|
|
|
Data Ventures Europe, BV
|
|
Netherlands
|
|
Data Ventures, Inc.
|
|
|
100 |
% |
Schedule IV
SCHEDULE V
Material Agreements
1. Stock Rights and Restrictions Agreement by and between Coca-Cola Bottling Co. Consolidated
(the “Borrower”) and The Coca-Cola Company (“KO”) dated January 27, 1989.
2. Bottling franchise agreements as listed on Attachment A.
3. Lease, dated as of January 1, 1999, by and between the Borrower and the Xxxxxxx
Corporation, related to the production/distribution facility in Nashville, Tennessee.
4. Lease Agreement, dated as of December 15, 2000, between the Borrower and Xxxxxxxx
Limited Partnership One, related to the Xxxxxx Production Center in Charlotte, North Carolina
and a distribution center adjacent thereto.
5. Partnership Agreement of Carolina Coca-Cola Bottling Partnership,* dated as of July 2,
1993, by and among Carolina Coca-Cola Bottling Investments, Inc., Coca-Cola Ventures, Inc.,
Coca-Cola Bottling Co. Affiliated, Inc., Fayetteville Coca-Cola Bottling Company and Palmetto
Bottling Company.
6. Management Agreement, dated as of July 2, 1993, by and among the Borrower, Carolina
Coca-Cola Bottling Partnership,* CCBC of Wilmington, Inc., Carolina Coca-Cola Bottling Investments,
Inc., Coca-Cola Ventures, Inc. and Palmetto Bottling Company.
7. First Amendment to Management Agreement (relating to the Management Agreement
designated as Item 6 of this Schedule 5) dated as of January 1, 2001.
8. Amended and Restated Guaranty Agreement, effective as of July 15, 1993, for the benefit of
Southeastern Container, Inc.
9. Management Agreement, dated as of June 1, 2004, by and among CCBCC Operations LLC, a
wholly-owned subsidiary of the Borrower, and South Atlantic Canners, Inc.
10. Agreement, dated as of March 1, 1994, by and among the Borrower and South Atlantic
Canners, Inc.
11. Amended and Restated Guaranty Agreement, dated as of May 18, 2000, between the Borrower
and Wachovia Bank of North Carolina, N.A.
12. Guaranty Agreement, dated as of December 1, 2001, between the Borrower and Wachovia, N.A.
13. Lease Agreement, dated as of December 18, 2006, between the CCBCC Operations, LLC, a
wholly-owned subsidiary of the Borrower, and Beacon Investment Corporation, related to the
Borrower’s corporate headquarters and an adjacent office building in Charlotte, North Carolina.
Schedule V
- 2 -
14. Master Amendment to Partnership Agreement, Management Agreement and Definition and
Adjustment Agreement, dated as of January 2, 2002, by and among Piedmont Coca-Cola Bottling
Partnership, The Coca-Cola Company and the Borrower.
15. First Amendment to Lease (relating to the Lease Agreement designated as Item 3 of this
Schedule V) and First Amendment to Memorandum of Lease, dated as of August 30, 2002, between
Xxxxxxx Corporation and the Borrower.
16. Limited Liability Company Operating Agreement of Coca-Cola Bottlers’ Sales & Services
Company, LLC, dated as of December 11, 2002, by and between Coca-Cola Bottlers’ Sales & Services
Company, LLC and Consolidated Beverage Co., a wholly-owned subsidiary of the Borrower.
17. Fourth Amendment to Partnership Agreement, dated as of March 28, 2003, by and among
Piedmont Coca-Cola Bottling Partnership, Piedmont Partnership Holding Company and Coca-Cola
Ventures, Inc.
18. Second Amended and Restated Promissory Note, dated as of August 25, 2005, by and
between the Borrower and Piedmont Coca-Cola Bottling Partnership.
19. Amended and Restated Can Supply Agreement, dated as of February 28, 2007, between
Coca-Cola Bottlers’ Sales & Services Company, LLC, in its capacity as agent for the Borrower,
and Rexam Beverage Can Company.
20. Obligations arising under interest rate swap agreements between the Borrower and
commercial banks.
21. Various letters of credit issued for the Borrower by a bank relating to the
Borrower’s insurance programs.
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* |
|
Carolina Coca-Cola Bottling Partnership’s name was changed to Piedmont Coca-Cola Bottling
Partnership. |
Schedule V
- 3 -
SCHEDULE V
ATTACHMENT A
Bottling Franchise Agreements
Sub-Bottler’s Contract, dated September 20, 1916, between Charleston Coca-Cola Bottling Co. and
Georgetown Coca-Cola Bottling Co. (Georgetown, SC)
Letter renewal for SPRITE, dated February 17, 2000, between Georgetown CCBC
(Georgetown, SC) and The Coca-Cola Company
Sub-Bottler’s Contract, dated March 24, 1932, between Norfolk Coca-Cola Bottling Works, Inc. and
Emporia Coca-Cola Bottling Company, Inc. (Emporia, VA)
Letter renewal for FANTA, dated March 25, 1996, between CCBC of Wilmington, Inc.
(Emporia, VA) and The Coca-Cola Company
Letter renewal for Mr. PiBB, dated March 25, 1996, between CCBC of Wilmington, Inc. (Emporia,
VA) and The Coca-Cola Company
Letter renewal for SPRITE, dated March 25, 1996, between CCBC of Wilmington, Inc.
(Emporia, VA) and The Coca-Cola Company
Master Bottle Contract, dated December 18, 1992, between Wilmington Coca-Cola Bottling Works, Inc.
(Wilmington, NC) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated May 1, 2002, between CCBC of Wilmington, Inc.
(Wilmington, NC) and The Coca-Cola Company
Allied Bottle Contract for FRESCA, dated December 18, 1992, between Wilmington Coca-Cola Bottling
Works, Inc. (Wilmington, NC) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated December 18, 1992, between Wilmington Coca-Cola Bottling
Works, Inc. (Wilmington, NC) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated December 18, 1992, between Wilmington Coca-Cola
Bottling Works, Inc. (Wilmington, NC) and The Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated December 18, 1992, between Wilmington Coca-Cola Bottling
Works, Inc. (Wilmington, NC) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated December 18, 1992, between Wilmington Coca-Cola Bottling
Works, Inc. (Wilmington, NC) and The Coca-Cola Company
Schedule V
- 4 -
Master Bottle Contract, dated December 18, 1992, between Weldon Coca-Cola Bottling Works, Inc.
(Weldon, NC) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated May 1, 2002, between CCBC of Wilmington, Inc. (Weldon,
NC) and The Coca-Cola Company
Allied Bottle Contract for FRESCA, dated December 18, 1992, between Weldon Coca-Cola Bottling
Works, Inc. (Weldon, NC) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated December 18, 1992, between Weldon Coca-Cola Bottling
Works, Inc. (Weldon, NC) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated December 18, 1992, between Weldon Coca-Cola Bottling
Works, Inc. (Weldon, NC) and The Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated December 18, 1992, between Weldon Coca-Cola Bottling
Works, Inc. (Weldon, NC) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated December 18, 1992, between Weldon Coca-Cola Bottling Works,
Inc. (Weldon, NC) and The Coca-Cola Company
Sub-Bottler’s Contract, dated June 22, 1917, between Xxxxxx-Xxxxxxx Company and Coca-Cola Bottling
Company (Rocky Mount, NC)
Letter renewal for FRESCA, dated January 23, 1996, between CCBC of Wilmington, Inc. (Rocky
Mount, NC) and The Coca-Cola Company
Letter renewal for XXXXX YELLO, dated September 20, 1999, between CCBC of Wilmington, Inc. (Rocky
Mount, NC) and The Coca-Cola Company
Letter renewal for SPRITE, dated May 25, 2001, between CCBC of Wilmington, Inc. (Rocky Mount, NC)
and The Coca-Cola Company
Master Bottle Contract, dated December 18, 1992, between Kelford Coca-Cola Bottling Co., Inc.
(Kelford, NC) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated May 1, 2002, between CCBC of Wilmington, Inc.
(Kelford, NC) and The Coca-Cola Company
Allied Bottle Contract for FRESCA, dated December 18, 1992, between Kelford Coca-Cola Bottling
Co., Inc. (Kelford, NC) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated December 18, 1992, between Kelford Coca-Cola Bottling
Co., Inc. (Kelford, NC) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated December 18, 1992, between Kelford Coca-Cola Bottling
Co., Inc. (Kelford, NC) and The Coca-Cola Company
Schedule V
- 5 -
Allied Bottle Contract for Mr. PiBB, dated December 18, 1992, between Kelford Coca-Cola
Bottling Co., Inc. (Kelford, NC) and The Coca-Cola Company
Master Bottle Contract, dated January 27, 1989, between Coca-Cola Bottling Co. Consolidated
(Charlotte, NC) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated May 1, 2002, between Metrolina Bottling Company (Charlotte,
NC) and The Coca-Cola Company
Allied Bottle Contract for FRESCA, dated January 27, 1989, between Coca-Cola Bottling Co.
Consolidated (Charlotte, NC) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated January 27, 1989, between Coca-Cola Bottling Co.
Consolidated (Charlotte, NC) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated January 27, 1989, between Coca-Cola Bottling Co.
Consolidated (Charlotte, NC) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated January 27, 1989, between Coca-Cola Bottling Co.
Consolidated (Charlotte, NC) and The Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated January 27, 1989, between Coca-Cola Bottling Co.
Consolidated (Charlotte, NC) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated January 27, 1989, between Coca-Cola Bottling Co.
Consolidated (Charlotte, NC) and The Coca-Cola Company
Master Bottle Contract, dated January 27, 1989, between Coca-Cola Bottling Co. Consolidated
(Pageland, SC) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated January 27, 1989, between Coca-Cola Bottling Co.
Consolidated (Pageland, SC) and The Coca-Cola Company
Allied Bottle Contract for FRESCA, dated January 27, 1989, between Coca-Cola Bottling Co.
Consolidated (Pageland, SC) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated January 27, 1989, between Coca-Cola Bottling Co.
Consolidated (Pageland, SC) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated January 27, 1989, between Coca-Cola Bottling Co.
Consolidated (Pageland, SC) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated January 27, 1989, between Coca-Cola Bottling Co.
Consolidated (Pageland, SC) and The Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated January 27, 1989, between Coca-Cola Bottling Co.
Consolidated (Pageland, SC) and The Coca-Cola Company
Schedule V
- 6 -
Allied Bottle Contract for SPRITE, dated January 27, 1989, between Coca-Cola Bottling Co.
Consolidated (Pageland, SC) and The Coca-Cola Company
Master Bottle Contract, dated January 2, 1990, between Biscoe Coca-Cola Bottling Company, Inc.
(Biscoe, NC) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated January 2, 1990, between Biscoe Coca-Cola Bottling
Company, Inc. (Biscoe, NC) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated January 2, 1990, between Biscoe Coca-Cola Bottling
Company, Inc. (Biscoe, NC) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated January 2, 1990, between Biscoe Coca-Cola Bottling
Company, Inc. (Biscoe, NC) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated January 2, 1990, between Biscoe Coca-Cola Bottling
Company, Inc. (Biscoe, NC) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated January 2, 1990, between Biscoe Coca-Cola Bottling Company,
Inc. (Xxxxxx, NC) and The Coca-Cola Company
Master Bottle Contract, dated January 27, 1989, between The Albany Coca-Cola Bottling Company
(Albany, GA) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated January 27, 1989, between The Albany Coca-Cola
Bottling Company (Albany, GA) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated January 27, 1989, between The Albany Coca-Cola
Bottling Company (Albany, GA) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated January 27, 1989, between The Albany Coca-Cola Bottling
Company (Albany, GA) and The Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated January 27, 1989, between The Albany Coca-Cola Bottling
Company (Albany, GA) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated January 27, 1989, between The Albany Coca-Cola Bottling
Company (Albany, GA) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated January 27, 1989, between The Albany Coca-Cola Bottling
Company (Albany, GA) and The Coca-Cola Company
Master Bottle Contract, dated January 27, 1989, between Columbus Coca-Cola Bottling Company
(Columbus, GA) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated January 27, 1989, between Columbus Coca-Cola Bottling
Company (Columbus, GA) and The Coca-Cola Company
Schedule V
- 7 -
Allied Bottle Contract for MINUTE MAID, dated January 27, 1989, between Columbus Coca-Cola Bottling
Company (Columbus, GA) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated January 27, 1989, between Columbus Coca-Cola Bottling Company
(Columbus, GA) and The Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated January 27, 1989, between Columbus Coca-Cola
Bottling Company (Columbus, GA) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated January 27, 1989, between Columbus Coca-Cola Bottling
Company (Columbus, GA) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated January 27, 1989, between Columbus Coca-Cola Bottling
Company (Columbus, GA) and The Coca-Cola Company
Master Bottle Contract, dated August 28, 1987, between Fayetteville Coca-Cola Bottling Company
(Fayetteville, NC) and The Coca-Cola Company
Allied Bottle Contract for FRESCA, dated August 28, 1987, between Fayetteville Coca-Cola Bottling
Company (Fayetteville, NC) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated August 28, 1987, between Fayetteville Coca-Cola
Bottling Company (Fayetteville, NC) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated August 28, 1987, between Fayetteville Coca-Cola
Bottling Company (Fayetteville, NC) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated August 28, 1987, between Fayetteville Coca-Cola Bottling
Company (Fayetteville, NC) and The Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated August 28, 1987, between Fayetteville Coca-Cola Bottling
Company (Fayetteville, NC) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated August 28, 1987, between Fayetteville Coca-Cola
Bottling Company (Fayetteville, NC) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated August 28, 1987, between Fayetteville Coca-Cola
Bottling Company (Fayetteville, NC) and The Coca-Cola Company
Master Bottle Contract, dated October 29, 1999, between LYBC, Inc. (Lynchburg, VA) and The
Coca-Cola Company
Allied Bottle Contract for FANTA, dated October 29, 1999, between LYBC, Inc. (Lynchburg, VA) and
The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated October 29, 1999, between LYBC, Inc. (Lynchburg, VA) and
The Coca-Cola Company
Schedule V
- 8 -
Allied Bottle Contract for TAB, dated October 29, 1999, between LYBC, Inc. (Lynchburg, VA) and The
Coca-Cola Company
Allied Bottle Contract for FRESCA, dated October 29, 1999, between LYBC, Inc. (Lynchburg, VA) and
The Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated October 29, 1999, between LYBC, Inc. (Lynchburg, VA) and
The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated October 29, 1999, between LYBC, Inc. (Lynchburg,
VA) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated October 29, 1999, between LYBC, Inc. (Lynchburg,
VA) and The Coca-Cola Company
Master Bottle Contract, dated January 27, 1989, between Coca-Cola Bottling Co. of Mobile, Inc.
(Mobile, AL) and The Coca-Cola Company
Allied Bottle Contract for FRESCA, dated January 27, 1989, between Coca-Cola Bottling Co. of
Mobile, Inc. (Mobile, AL) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated January 27, 1989, between Coca-Cola Bottling Co.
of Mobile, Inc. (Mobile, AL) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated January 27, 1989, between Coca-Cola Bottling Co.
of Mobile, Inc. (Mobile, AL) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated January 27, 1989, between Coca-Cola Bottling Co. of Mobile,
Inc. (Mobile, AL) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated January 27, 1989, between Coca-Cola Bottling Co. of
Mobile, Inc. (Mobile, AL) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated January 27, 1989, between Coca-Cola Bottling Co. of Mobile,
Inc. (Mobile, AL) and The Coca-Cola Company
Master Bottle Contract, dated April 20, 1990, between Coca-Cola Bottling Company of Xxxxxxx,
Inc. (Jackson, TN) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated May 1, 2002, between NABC, Inc. (Jackson, TN) and The
Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated April 20, 1990, between Coca-Cola Bottling Company of
Xxxxxxx, Inc. (Jackson, TN) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated April 20, 1990, between Coca-Cola Bottling Company of
Xxxxxxx, Inc. (Jackson, TN) and The Coca-Cola Company
Schedule V
- 9 -
Allied Bottle Contract for TAB, dated April 20, 1990, between Coca-Cola Bottling Company of
Xxxxxxx, Inc. (Jackson, TN) and The Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated April 20, 1990, between Coca-Cola Bottling
Company of Xxxxxxx, Inc. (Jackson, TN) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated April 20, 1990, between Coca-Cola Bottling Company of
Xxxxxxx, Inc. (Jackson, TN) and The Coca-Cola Company
Master Bottle Contract, dated April 24, 1989, between Coca-Cola Bottling Works of
Murfreesboro, TN (Murfreesboro, TN) and The Coca-Cola Company
Allied Bottle Contract for FRESCA, dated April 24, 1989, between Coca-Cola Bottling Works of
Murfreesboro, TN (Murfreesboro, TN) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated April 24, 1989, between Coca-Cola Bottling Works of
Murfreesboro, TN (Murfreesboro, TN) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated April 24, 1989, between Coca-Cola Bottling Works of
Murfreesboro, TN (Murfreesboro, TN) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated April 24, 1989, between Coca-Cola Bottling Works of
Murfreesboro, TN (Murfreesboro, TN) and The Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated April 24, 1989, between Coca-Cola Bottling Works of
Murfreesboro, TN (Murfreesboro, TN) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated April 24, 1989, between Coca-Cola Bottling Works of
Murfreesboro, TN (Murfreesboro, TN) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated April 24, 1989, between Coca-Cola Bottling Works of
Murfreesboro, TN (Murfreesboro, TN) and The Coca-Cola Company
Master Bottle Contract, dated January 21, 1998, between NABC, Inc. (Florence, AL) and The Coca-Cola
Company
Allied Bottle Contract for FANTA, dated January 21, 1998, between NABC, Inc. (Florence, AL) and The
Coca-Cola Company
Allied Bottle Contract for SPRITE, dated January 21, 1998, between NABC, Inc. (Florence, AL) and
The Coca-Cola Company
Allied Bottle Contract for FRESCA, dated January 21, 1998, between NABC, Inc. (Florence, AL) and
The Coca-Cola Company
Allied Bottle Contract for TAB, dated January 21, 1998, between NABC, Inc. (Florence, AL) and The
Coca-Cola Company
Schedule V
- 10 -
Allied Bottle Contract for XXXXX YELLO, dated January 21, 1998, between NABC, Inc. (Florence,
AL) and The Coca-Cola Company
Master Bottle Contract, dated November 13, 1989, between Dickson Coca-Cola Bottling Company
(Dickson, TN) and The Coca-Cola Company
Allied Bottle Contract for FRESCA, dated November 13, 1989, between Dickson Coca-Cola Bottling
Company (Dickson, TN) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated November 13, 1989, between Dickson Coca-Cola Bottling
Company (Dickson, TN) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated November 13, 1989, between Dickson Coca-Cola Bottling
Company (Dickson, TN) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated November 13, 1989, between Dickson Coca-Cola Bottling Company
(Dickson, TN) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated November 13, 1989, between Dickson Coca-Cola Bottling
Company (Dickson, TN) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated May 1, 2002, between NABC, Inc. (Dickson, TN) and The
Coca-Cola Company
Master Bottle Contract, dated October 25, 1990, between Coca-Cola Bottling Works of Columbia,
TN, Inc. (Columbia, TN) and The Coca-Cola Company
Allied Bottle Contract for FRESCA, dated October 25, 1990, between Coca-Cola Bottling Works of
Columbia, TN, Inc. (Columbia, TN) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated October 25, 1990, between Coca-Cola Bottling
Works of Columbia, TN, Inc. (Columbia, TN) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated October 25, 1990, between Coca-Cola Bottling
Works of Columbia, TN, Inc. (Columbia, TN) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated October 25, 1990, between Coca-Cola Bottling Works of
Columbia, TN, Inc. (Columbia, TN) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated May 1, 2002, between NABC, Inc. (Columbia, TN) and The
Coca-Cola Company
Master Bottle Contract, dated November 1, 1991, between Coca-Cola Bottling Works of Columbia,
TN, Inc. (Fayetteville, TN) and The Coca-Cola Company
Allied Bottle Contract for FRESCA, dated November 1, 1991, between Coca-Cola Bottling Works of
Columbia, TN, Inc. (Fayetteville, TN) and The Coca-Cola Company
Schedule V
- 11 -
Allied Bottle Contract for XXXXX YELLO, dated November 1, 1991, between Coca-Cola Bottling
Works of Columbia, TN, Inc. (Fayetteville, TN) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated November 1, 1991, between Coca-Cola Bottling
Works of Columbia, TN, Inc. (Fayetteville, TN) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated November 1, 1991, between Coca-Cola Bottling Works of
Columbia, TN, Inc. (Fayetteville, TN) and The Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated November 1, 1991, between Coca-Cola Bottling Works
of Columbia, TN, Inc. (Fayetteville, TN) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated November 1, 1991, between Coca-Cola Bottling Works of
Columbia, TN, Inc. (Fayetteville, TN) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated November 1, 1991, between Coca-Cola Bottling Works of
Columbia, TN, Inc. (Fayetteville, TN) and The Coca-Cola Company
Master Bottle Contract, dated January 27, 1989, between Coca-Cola Bottling Company of
Nashville, Inc. (Nashville, TN) and The Coca-Cola Company
Allied Bottle Contract for FRESCA, dated October 28, 1991, between Coca-Cola Bottling Company
of Nashville, Inc. (Nashville, TN) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated January 27, 1989, between Coca-Cola Bottling
Company of Nashville, Inc. (Nashville, TN) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated January 27, 1989, between Coca-Cola Bottling
Company of Nashville, Inc. (Nashville, TN) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated January 27, 1989, between Coca-Cola Bottling Company of
Nashville, Inc. (Nashville, TN) and The Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated January 27, 1989, between Coca-Cola Bottling
Company of Nashville, Inc. (Nashville, TN) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated January 27, 1989, between Coca-Cola Bottling Company
of Nashville, Inc. (Nashville, TN) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated January 27, 1989, between Coca-Cola Bottling Company
of Nashville, Inc. (Nashville, TN) and The Coca-Cola Company
Master Bottle Contract, dated November 17, 1989, between Dickson Coca-Cola Bottling Co. (Laurel,
MS) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated May 1, 2002, between CCBC of Nashville, L.P.
(Nashville, TN) and The Coca-Cola Company
Schedule V
- 12 -
Allied Bottle Contract for XXXXX YELLO, dated November 17, 1989, between Dickson Coca-Cola Bottling
Co. (Laurel, MS) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated November 17, 1989, between Dickson Coca-Cola Bottling
Co. (Laurel, MS) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated November 17, 1989, between Dickson Coca-Cola Bottling Co.
(Laurel, MS) and The Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated November 17, 1989, between Dickson Coca-Cola Bottling
Co. (Laurel, MS) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated November 17, 1989, between Dickson Coca-Cola Bottling
Co. (Laurel, MS) and The Coca-Cola Company
Sub-Bottler’s Contract, dated December 31, 1976, between Florida Coca-Cola Bottling Company
and Panama City Coca-Cola Bottling Company (Panama City, FL)
Letter renewal for FANTA, dated December 20, 1995, between PCBC, Inc. (Panama City, FL) and The
Coca-Cola Company
Letter renewal for XXXXX YELLO, dated March 25, 1998, between PCBC, Inc. (Panama City, FL) and The
Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated January 1, 1990, between Panama City Coca-Cola
Bottling Company, Inc. (Panama City, FL) and The Coca-Cola Company
Contract for Mr. PiBB, dated May 6, 1999, between PCBC, Inc. (Panama City, FL) and The
Coca-Cola Company
Letter renewal for SPRITE, dated December 20, 1995, between PCBC, Inc. (Panama City, FL) and The
Coca-Cola Company
Master Bottle Contract, dated January 27, 1989, between Coca-Cola Bottling Company of Roanoke,
Inc. (Roanoke, VA) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated January 27, 1989, between Coca-Cola Bottling
Company of Roanoke, Inc. (Roanoke, VA) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated January 27, 1989, between Coca-Cola Bottling
Company of Roanoke, Inc. (Roanoke, VA) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated January 27, 1989, between Coca-Cola Bottling Company of
Roanoke, Inc. (Roanoke, VA) and The Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated January 27, 1989, between Coca-Cola Bottling
Company of Roanoke, Inc. (Roanoke, VA) and The Coca-Cola Company
Schedule V
- 13 -
Allied Bottle Contract for SPRITE, dated January 27, 1989, between Coca-Cola Bottling Company
of Roanoke, Inc. (Roanoke, VA) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated January 27, 1989, between Coca-Cola Bottling Company
of Roanoke, Inc. (Roanoke, VA) and The Coca-Cola Company
Master Bottle Contract, dated January 27, 1989, between Coca-Cola Bottling Company of Roanoke,
Inc. (Bristol, VA) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated May 1, 2002, between ROBC, Inc. (Bristol, VA) and The
Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated January 27, 1989, between Coca-Cola Bottling
Company of Roanoke, Inc. (Bristol, VA) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated January 27, 1989, between Coca-Cola Bottling
Company of Roanoke, Inc. (Bristol, VA) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated January 27, 1989, between Coca-Cola Bottling Company of
Roanoke, Inc. (Bristol, VA) and The Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated January 27, 1989, between Coca-Cola Bottling
Company of Roanoke, Inc. (Bristol, VA) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated January 27, 1989, between Coca-Cola Bottling Company
of Roanoke, Inc. (Bristol, VA) and The Coca-Cola Company
Master Bottle Contract, dated January 27, 1989, between Lonesome Pine Coca-Cola Bottling Company,
Inc. (Norton, VA) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated May 1, 2002, between ROBC, Inc. (Norton, VA) and The
Coca-Cola Company
Allied Bottle Contract for SPRITE, dated September 4, 1998, between ROBC, Inc. (Norton, VA) and The
Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated September 4, 1998, between ROBC, Inc. (Norton, VA) and
The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated September 4, 1998, between ROBC, Inc. (Norton,
VA) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated September 4, 1998, between ROBC, Inc. (Norton,
VA) and The Coca-Cola Company
Master Bottle Contract, dated May 28, 1999, between SUBC, Inc. (Sumter, SC) and The Coca-Cola
Company
Schedule V
- 14 -
Allied Bottle Contract for FANTA, dated May 1, 2002, between SUBC, Inc. (Sumter, SC) and The
Coca-Cola Company
Allied Bottle Contract for SPRITE, dated May 28, 1999, between SUBC, Inc. (Sumter, SC) and The
Coca-Cola Company
Allied Bottle Contract for TAB, dated May 28, 1999, between SUBC, Inc. (Sumter, SC) and The
Coca-Cola Company
Allied Bottle Contract for FRESCA, dated May 28, 1999, between SUBC, Inc. (Sumter, SC) and The
Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated May 28, 1999, between SUBC, Inc. (Sumter, SC) and The
Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated May 28, 1999, between SUBC, Inc. (Sumter, SC) and The
Coca-Cola Company
Master Bottle Contract, dated January 29, 1997 between Thomasville Coca-Cola Bottling Company
(Thomasville, NC) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated May 1, 2002, between TOBC, Inc. (Thomasville, NC) and The
Coca-Cola Company
Allied Bottle Contract for SPRITE, dated January 29, 1997, between Thomasville Coca-Cola Bottling
Company (Thomasville, NC) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated January 29, 1997, between Thomasville Coca-Cola
Bottling Company (Thomasville, NC) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated January 29, 1997, between Thomasville Coca-Cola Bottling
Company (Thomasville, NC) and The Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated January 29, 1997, between Thomasville Coca-Cola Bottling
Company (Thomasville, NC) and The Coca-Cola Company
Allied Bottle Contract for FRESCA, dated January 29, 1997, between Thomasville Coca-Cola Bottling
Company (Thomasville, NC) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated January 29, 1997, between Thomasville Coca-Cola
Bottling Company (Thomasville, NC) and The Coca-Cola Company
Master Bottle Contract, dated January 11, 1990, between The North Wilkesboro Coca-Cola Bottling
Company, Inc. (N. Wilkesboro, NC) and The Coca-Cola Company
Allied Bottle Contract for FRESCA, dated January 11, 1990, between The North Wilkesboro Coca-Cola
Bottling Company, Inc. (N. Wilkesboro, NC) and The Coca-Cola Company
Schedule V
- 15 -
Allied Bottle Contract for XXXXX YELLO, dated January 11, 1990, between The North
Wilkesboro Coca-Cola Bottling Company, Inc. (N. Wilkesboro, NC) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated January 11, 1990, between The North
Wilkesboro Coca-Cola Bottling Company, Inc. (N. Wilkesboro, NC) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated January 11, 1990, between The North Wilkesboro Coca-Cola
Bottling Company, Inc. (N. Wilkesboro, NC) and The Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated January 11, 1990, between The North Wilkesboro Coca-Cola
Bottling Company, Inc. (N. Wilkesboro, NC) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated January 11, 1990, between The North Wilkesboro Coca-Cola
Bottling Company, Inc. (N. Wilkesboro, NC) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated January 11, 1990, between The North Wilkesboro Coca-Cola
Bottling Company, Inc. (N. Wilkesboro, NC) and The Coca-Cola Company
Master Bottle Contract, dated January 11, 1990, between Coca-Cola Bottling Company
Affiliated, Inc. (Asheville, NC) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated January 11, 1990, between Coca-Cola Bottling
Company Affiliated, Inc. (Asheville, NC) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated January 11, 1990, between Coca-Cola Bottling
Company Affiliated, Inc. (Asheville, NC) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated January 11, 1990, between Coca-Cola Bottling Company
Affiliated, Inc. (Asheville, NC) and The Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated January 11, 1990, between Coca-Cola Bottling
Company Affiliated, Inc. (Asheville, NC) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated January 11, 1990, between Coca-Cola Bottling
Company Affiliated, Inc. (Asheville, NC) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated January 11, 1990, between Coca-Cola Bottling
Company Affiliated, Inc. (Asheville, NC) and The Coca-Cola Company
Master Bottle Contract, dated September 14, 1990, between Coca-Cola Bottling Co.
Consolidated (Marlinton, WV) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated May 1, 2002, between WVBC, Inc. (Marlinton, WV) and The
Coca-Cola Company
Schedule V
- 16 -
Allied Bottle Contract for FRESCA, dated September 14, 1990, between Coca-Cola Bottling Co.
Consolidated (Marlinton, WV) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated December 17, 1993, between WVBC, Inc.(Marlinton) and The
Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated September 14, 1990, between Coca-Cola Bottling
Co. Consolidated (Marlinton, WV) and The Coca-Cola Company
Master Bottle Contract, dated December 31,1986, between Coca-Cola Bottling Works of
Charleston, Inc. (Charleston, WV) and The Coca-Cola Company
Allied Bottle Contract for FRESCA, dated January 1, 2001 between WVBC & The Coca-Cola Company
(Charleston, WV)
Allied Bottle Contract for XXXXX YELLO, dated December 31, 1986, between Coca-Cola Bottling
Works of Charleston, Inc. (Charleston, WV) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated December 31, 1986, between Coca-Cola Bottling
Works of Charleston, Inc. (Charleston, WV) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated December 31, 1986, between Coca-Cola Bottling Works of
Charleston, Inc. (Charleston, WV) and The Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated December 31, 1986, between Coca-Cola Bottling Works of
Charleston, Inc. (Charleston, WV) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated December 31, 1986, between Coca-Cola Bottling Works
of Charleston, Inc. (Charleston, WV) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated May 1, 2002, between WVBC, Inc. (Charleston, WV) and The
Coca-Cola Company
Master Bottle Contract, dated December 31, 1986, between Coca-Cola Bottling Works of
Charleston, Inc. (Huntington, WV) and The Coca-Cola Company
Allied Bottle Contract for FRESCA, dated December 31, 1986, between Coca-Cola Bottling Works
of Charleston, Inc. (Huntington, WV) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated December 31, 1986, between Coca-Cola Bottling
Works of Charleston, Inc. (Huntington, WV) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated December 31, 1986, between Coca-Cola Bottling
Works of Charleston, Inc. (Huntington, WV) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated December 31, 1986, between Coca-Cola Bottling Works of
Charleston, Inc. (Huntington, WV) and The Coca-Cola Company
Schedule V
- 17 -
Allied Bottle Contract for Mr. PiBB, dated December 31, 1986, between Coca-Cola Bottling Works of
Charleston, Inc. (Huntington, WV) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated December 31, 1986, between Coca-Cola Bottling Works
of Charleston, Inc. (Huntington, WV) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated December 31, 1986, between Coca-Cola Bottling Works of
Charleston, Inc. (Huntington, WV) and The Coca-Cola Company
Master Bottle Contract, dated September 14, 1990, between Coca-Cola Bottling Co.
Consolidated (Elkins, WV) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated May 1, 2002, between WVBC, Inc. (Elkins, WV) and The
Coca-Cola Company
Allied Bottle Contract for FRESCA, dated September 14, 1990, between Coca-Cola Bottling Co.
Consolidated (Elkins, WV) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated September 14, 1990, between Coca-Cola Bottling
Co. (Elkins, WV) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated December 17, 1993, between WVBC, Inc. (Elkins, WV) and The
Coca-Cola Company
Master Bottle Contract, dated January 27, 1989, between Coca-Cola Bottling Co. of Roanoke, Inc.
(Beckley, WV) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated January 27, 1989, between Coca-Cola Bottling Co.
of Roanoke, Inc. (Beckley, WV) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated January 27, 1989, between Coca-Cola Bottling Co.
of Roanoke, Inc. (Beckley, WV) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated January 27, 1989, between Coca-Cola Bottling Co. of
Roanoke, Inc. (Beckley, WV) and The Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated January 27, 1989, between Coca-Cola Bottling Co. of
Roanoke, Inc. (Beckley, WV) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated January 27, 1989, between Coca-Cola Bottling Co. of
Roanoke, Inc. (Beckley, WV) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated January 27, 1989, between Coca-Cola Bottling Co. of
Roanoke, Inc. (Beckley, WV) and The Coca-Cola Company
Master Bottle Contract, dated December 31, 1986, between Coca-Cola Bottling Works of
Charleston, Inc. (Clarksburg, WV) and The Coca-Cola Company
Schedule V
- 18 -
Allied Bottle Contract for FRESCA, dated January 1, 2001, between WVBC & The Coca-Cola Company
(Clarksburg, WV)
Allied Bottle Contract for MINUTE MAID, dated December 31, 1986, between Coca-Cola Bottling
Works of Charleston, Inc. (Clarksburg, WV) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated December 31, 1986, between Coca-Cola Bottling Works of
Charleston, Inc. (Clarksburg, WV) and The Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated May 6, 1999, between WVBC, Inc. (Clarksburg, WV)
and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated December 31, 1986, between Coca-Cola Bottling Works
of Charleston, Inc. (Clarksburg, WV) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated December 31, 1986, between Coca-Cola Bottling Works of
Charleston, Inc. (Clarksburg, WV) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated December 31, 1986, between Coca-Cola Bottling
Works of Charleston, Inc. (Clarksburg, WV) and The Coca-Cola Company
Master Bottle Contract, dated February 1, 1988, between Coca-Cola Bottling Works of
Charleston, Inc. (Bluefield, WV) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated May 1, 2002, between WVBC, Inc. (Bluefield, WV) and The
Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated February 1, 1988, between Coca-Cola Bottling
Works of Charleston, Inc. (Bluefield, WV) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated February 1, 1988, between Coca-Cola Bottling
Works of Charleston, Inc. (Bluefield, WV) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated February 1, 1988, between Coca-Cola Bottling Works of
Charleston, Inc. (Bluefield, WV) and The Coca-Cola Company
Master Bottle Contract, dated December 31, 1986, between Columbia Coca-Cola Bottling Co. (Columbia,
SC) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated May 1, 2002, between PCCBP (Columbia, SC) and The Coca-Cola
Company
Letter renewal for XXXXX YELLO, dated December 21, 1995, between PCCBP d/b/a Columbia CCBC
(Columbia, SC) and The Coca-Cola Company
Letter renewal for Mr. PiBB, dated December 21, 1995, between PCCBP d/b/a Columbia CCBC (Columbia,
SC) and The Coca-Cola Company
Schedule V
- 19 -
Letter renewal for SPRITE, dated December 21, 1995, between PCCBP d/b/a Columbia CCBC (Columbia,
SC) and The Coca-Cola Company
Letter renewal for TAB, dated December 21, 1995, between PCCBP d/b/a Columbia CCBC (Columbia,
SC) and The Coca-Cola Company
Master Bottle Contract, dated January 11, 1990, between Greenwood Coca-Cola Bottling Company,
Inc. (Greenwood, SC) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated January 11, 1990, between Greenwood Coca-Cola Bottling Co.
(Greenwood, SC) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated January 11, 1990, between Greenwood Coca-Cola Bottling
Co. (Greenwood, SC) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated January 11, 1990, between Greenwood Coca-Cola Bottling Co.
(Greenwood, SC) and The Coca-Cola Company
Allied Bottle Contract for FRESCA, dated January 11, 1990, between Greenwood Coca-Cola Bottling Co.
(Greenwood, SC) and The Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated January 11, 1990, between Greenwood Coca-Cola Bottling
Co. (Greenwood, SC) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated January 11, 1990, between Greenwood Coca-Cola
Bottling Co. (Greenwood, SC) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated January 11, 1990, between Greenwood Coca-Cola
Bottling Co. (Greenwood, SC) and The Coca-Cola Company
Master Bottle Contract, dated August 28, 1987, between Hampton Bottling Works (Hampton, SC) and The
Coca-Cola Company
Allied Bottle Contract for FANTA, dated May 1, 2002, between PCCBP d/b/a Hampton CCBC (Hampton, SC)
and The Coca-Cola Company
Letter renewal for XXXXX YELLO, dated August 16, 1996, between PCCBP d/b/a Hampton CCBC (Hampton,
SC) and The Coca-Cola Company
Letter renewal for MINUTE MAID, dated August 16, 1996, between PCCBP d/b/a Hampton CCBC (Hampton,
SC) and The Coca-Cola Company
Letter renewal for SPRITE, dated August 16, 1996, between PCCBP d/b/a Hampton CCBC (Hampton,
SC) and The Coca-Cola Company
Letter renewal for TAB, dated August 16, 1996, between PCCBP d/b/a Hampton CCBC (Hampton, SC)
and The Coca-Cola Company
Schedule V
- 20 -
Master Bottle Contract, dated August 28, 1987, between Charleston Coca-Cola Bottling Co.
(Charleston, SC) and The Coca-Cola Company
Letter renewal for FANTA, dated August 16, 1996, between PCCBP d/b/a
Charleston-Dorchester CCBC (Charleston, SC) and The Coca-Cola Company
Letter renewal for FRESCA, dated August 16, 1996, between PCCBP d/b/a Charleston-Dorchester
CCBC (Charleston, SC) and The Coca-Cola Company
Letter renewal for XXXXX YELLO, dated August 16, 1996, between PCCBP d/b/a Charleston-Dorchester
CCBC (Charleston, SC) and The Coca-Cola Company
Letter renewal for MINUTE MAID, dated August 16, 1996, between PCCBP d/b/a Charleston-Dorchester
CCBC (Charleston, SC) and The Coca-Cola Company
Letter renewal for Mr. PiBB, dated August 16, 1996, between PCCBP d/b/a Charleston-Dorchester
CCBC (Charleston, SC) and The Coca-Cola Company
Letter renewal for SPRITE, dated August 16, 1996, between PCCBP d/b/a
Charleston-Dorchester CCBC (Charleston, SC) and The Coca-Cola Company
Letter renewal for TAB, dated August 16, 1996, between PCCBP d/b/a Charleston-Dorchester CCBC
(Charleston, SC) and The Coca-Cola Company
Master Bottle Contract, dated August 28, 1987, between Dorchester Coca-Cola Bottling Co.
(Summerville, SC) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated May 1, 2002, between PCCBP (Summerville, SC) and The
Coca-Cola Company
Letter renewal for FRESCA, dated August 16, 1996, between PCCBP d/b/a Charleston-Dorchester
CCBC (Summerville, SC) and The Coca-Cola Company
Letter renewal for XXXXX YELLO, dated August 16, 1996, between PCCBP d/b/a Charleston-Dorchester
CCBC (Summerville, SC) and The Coca-Cola Company
Letter renewal for MINUTE MAID, dated August 16, 1996, between PCCBP d/b/a Charleston-Dorchester
CCBC (Summerville, SC) and The Coca-Cola Company
Letter renewal for Mr. PiBB, dated August 16, 1996, between PCCBP d/b/a Charleston-Dorchester
CCBC (Summerville, SC) and The Coca-Cola Company
Letter renewal for SPRITE, dated August 16, 1996, between PCCBP d/b/a
Charleston-Dorchester CCBC (Summerville, SC) and The Coca-Cola Company
Letter renewal for TAB, dated August 16, 1996, between PCCBP d/b/a Charleston-Dorchester CCBC
(Summerville, SC) and The Coca-Cola Company
Schedule V
- 21 -
Master Bottle Contract, dated January 11, 1990, between Coca-Cola Bottling Company of
Anderson, SC (Anderson, SC) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated January 11, 0000, xxxxxxx Xxxx-Xxxx Xxxxxxxx Xx. xx
Xxxxxxxx, XX (Anderson, SC) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated January 11, 0000, xxxxxxx Xxxx-Xxxx Xxxxxxxx Xx. xx
Xxxxxxxx, XX (Anderson, SC) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated January 11, 0000, xxxxxxx Xxxx-Xxxx Xxxxxxxx Xx. xx
Xxxxxxxx, XX (Anderson, SC) and The Coca-Cola Company
Allied Bottle Contract for FRESCA, dated January 11, 0000, xxxxxxx Xxxx-Xxxx Xxxxxxxx Xx. xx
Xxxxxxxx, XX (Anderson, SC) and The Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated January 11, 0000, xxxxxxx Xxxx-Xxxx Xxxxxxxx Xx. xx
Xxxxxxxx, XX (Anderson, SC) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated January 11, 0000, xxxxxxx Xxxx-Xxxx Xxxxxxxx Xx.
xx Xxxxxxxx, XX (Anderson, SC) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated January 11, 0000, xxxxxxx Xxxx-Xxxx Xxxxxxxx Xx.
xx Xxxxxxxx, XX (Anderson, SC) and The Coca-Cola Company
Master Bottle Contract, dated January 11, 1990, between Mid South Coca-Cola Bottling Company,
Inc. (Abbeville, SC) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated January 11, 1990, between Mid South Coca-Cola
Bottling Co. (Abbeville, SC) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated January 11, 1990, between Mid South Coca-Cola Bottling Co.
(Abbeville, SC) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated January 11, 1990, between Mid South Coca-Cola Bottling
Co. (Abbeville, SC) and The Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated January 11, 1990, between Mid South Coca-Cola Bottling
Co. (Abbeville, SC) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated January 11, 1990, between Mid South Coca-Cola
Bottling Co. (Abbeville, SC) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated January 11, 1990, between Mid South Coca-Cola
Bottling Co. (Abbeville, SC) and The Coca-Cola Company
Master Bottle Contract, dated August 28, 1987, between Fayetteville Coca-Cola Bottling Co. (Wilson,
NC) and The Coca-Cola Company
Schedule V
- 22 -
Letter renewal for FANTA, dated August 16, 1996, between PCCBP (Wilson, NC) and The Coca-Cola
Company
Letter renewal for FRESCA, dated August 16, 1996, between PCCBP (Wilson, NC) and The Coca-Cola
Company
Letter renewal for XXXXX YELLO, dated August 16, 1996, between PCCBP (Wilson, NC) and The Coca-Cola
Company
Letter renewal for MINUTE MAID, dated August 16, 1996, between PCCBP (Wilson, NC) and The Coca-Cola
Company
Letter renewal for SPRITE, dated August 16, 1996, between PCCBP (Wilson, NC) and The Coca-Cola
Company
Letter renewal for TAB, dated August 16, 1996, between PCCBP (Wilson, NC) and The Coca-Cola Company
Master Bottle Contract, dated January 27, 1989, between Coca-Cola Bottling Co. of Tarboro, Inc.
(Tarboro, NC) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated January 27, 1989, between Coca-Cola Bottling Co. of
Tarboro, Inc. (Tarboro, NC) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated January 27, 1989, between Coca-Cola Bottling Co. of
Tarboro, Inc. (Tarboro, NC) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated January 27, 1989, between Coca-Cola Bottling Co. of
Tarboro, Inc. (Tarboro, NC) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated January 27, 1989, between Coca-Cola Bottling Co.
of Tarboro, Inc. (Tarboro, NC) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated January 27, 1989, between Coca-Cola Bottling Co.
of Tarboro, Inc. (Tarboro, NC) and The Coca-Cola Company
Master Bottle Contract, dated July 1, 1989, between Fayetteville Coca-Cola Bottling Co.
(Plymouth, NC) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated May 1, 2002, between PCCBP (Plymouth, NC) and The Coca-Cola
Company
Allied Bottle Contract for SPRITE, dated July 1, 1989, between Fayetteville Coca-Cola Bottling Co.
(Plymouth, NC) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated July 1, 1989, between Fayetteville Coca-Cola Bottling Co.
(Plymouth, NC) and The Coca-Cola Company
Schedule V
- 23 -
Allied Bottle Contract for XXXXX YELLO, dated July 1, 1989, between Fayetteville Coca-Cola Bottling
Co. (Plymouth, NC) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated July 1, 1989, between Fayetteville Coca-Cola Bottling
Co. (Plymouth, NC) and The Coca-Cola Company
Sub-Bottler’s Contract, dated January 06, 1964, between Estate of X.X. Xxxxxxxx; Coastal
Coca-Cola Bottling Company (Xxxxxx, SC) and The Coca-Cola Company
Letter renewal for FANTA, dated January 13, 2003, between PCCBP d/b/a Coastal CCBC (Marion,
SC) and The Coca-Cola Company
Contract for FRESCA, dated December 22, 1992, between The Coastal Coca-Cola Bottling Company
(Xxxxxx, SC) and The Coca-Cola Company
Letter renewal for XXXXX YELLO, dated March 25, 1998, between PCCBP d/b/a Coastal CCBC
(Marion, SC) and The Coca-Cola Company
Letter renewal for MINUTE MAID, dated December 17, 1998, between PCCBP d/b/a Coastal CCBC (Marion,
SC) and The Coca-Cola Company
Letter renewal for Mr. PiBB, dated December 20, 1994, between PCCBP d/b/a Coastal CCBC (Marion, SC)
and The Coca-Cola Company
Master Bottle Contract, dated January 1, 1993, between Eastern Carolina CCBC (Goldsboro, NC) and
The Coca-Cola Company
Allied Bottle Contract for FANTA, dated May 1, 2002, between PCCBP (Goldsboro, NC) and The
Coca-Cola Company
Allied Bottle Contract for FRESCA, dated January 1, 1993, between Eastern Carolina CCBC (Goldsboro,
NC) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated January 1, 1993, between Eastern Carolina CCBC
(Goldsboro, NC) and The Coca-Cola Company
Allied Bottle Contract for TAB, dated January 1, 1993, between Eastern Carolina CCBC
(Goldsboro, NC) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated January 1, 1993, between Eastern Carolina CCBC
(Goldsboro, NC) and The Coca-Cola Company
Master Bottle Contract, dated January 11, 1990, between Hartwell Coca-Cola Bottling Company,
Inc. (Hartwell, GA) and The Coca-Cola Company
Allied Bottle Contract for SPRITE, dated January 11, 1990, between Hartwell Coca-Cola Bottling
Co. (Hartwell, GA) and The Coca-Cola Company
Schedule V
- 24 -
Allied Bottle Contract for TAB, dated January 11, 1990, between Hartwell Coca-Cola Bottling Co.
(Hartwell, GA) and The Coca-Cola Company
Allied Bottle Contract for FANTA, dated January 11, 1990, between Hartwell Coca-Cola Bottling
Co. (Hartwell, GA) and The Coca-Cola Company
Allied Bottle Contract for FRESCA, dated January 11, 1990, between Hartwell Coca-Cola Bottling
Co. (Hartwell, GA) and The Coca-Cola Company
Allied Bottle Contract for Mr. PiBB, dated January 11, 1990, between Hartwell Coca-Cola
Bottling Co. (Hartwell, GA) and The Coca-Cola Company
Allied Bottle Contract for XXXXX YELLO, dated January 11, 1990, between Hartwell Coca-Cola Bottling
Co. (Hartwell, GA) and The Coca-Cola Company
Allied Bottle Contract for MINUTE MAID, dated January 11, 1990, between Hartwell Coca-Cola Bottling
Co. (Hartwell, GA) and The Coca-Cola Company
Sub-Bottler’s Contract, dated September 9, 1937, between The Capital Coca-Cola Bottling Co. and
Xxxxxxx Coca-Cola Bottling Company (Sanford, NC)
Sub-Bottler’s Contract, dated January 12, 1917, between Winston Coca-Cola Bottling Co.
(Winston-Salem, NC) and Mayodan Coca-Cola Bottling Co. (Greensboro, NC)
DASANI Marketing and
Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and
Georgetown Coca-Cola Bottling Company (Georgetown, SC)
DASANI Marketing and
Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and CCBC
of Wilmington, Inc. (Emporia, VA)
DASANI Marketing and
Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and CCBC
of Wilmington, Inc. (Wilmington, NC)
DASANI Marketing and
Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and CCBC
of Wilmington, Inc. (Weldon, NC)
DASANI Marketing and
Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and CCBC
of Wilmington, Inc. (Rocky Mount, NC)
DASANI Marketing and
Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and CCBC
of Wilmington, Inc. (Kelford, NC)
DASANI Marketing and
Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and
Metrolina Bottling Co. (Charlotte, NC)
DASANI Marketing and
Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and
Metrolina Bottling Co. (Pageland, SC)
Schedule V
- 25 -
DASANI Marketing and
Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and
Metrolina Bottling Co. (Biscoe, NC)
DASANI Marketing and
Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and COBC,
Inc. (Albany, GA)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and COBC,
Inc. (Columbus, GA)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and ECBC,
Inc. (Fayetteville, NC)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and LYBC,
Inc. (Lynchburg, VA)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and MOBC,
Inc. (Mobile, AL)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and NABC,
Inc. (Jackson, TN)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and NABC,
Inc. (Murfreesboro, TN)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and NABC,
Inc. (Florence, AL)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and NABC,
Inc. (Dickson, TN)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and NABC,
Inc. (Columbia, TN)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and NABC,
Inc. (Fayetteville, TN)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and NABC,
Inc. (Nashville, TN)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and
Coca-Cola Bottling Company of Nashville, LP (Laurel, MS)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and PCBC,
Inc. (Panama City, FL)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and ROBC,
Inc. (Roanoke, VA)
Schedule V
- 26 -
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and ROBC,
Inc. (Bristol, VA)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and ROBC,
Inc. (Norton, VA)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and SUBC,
Inc. (Sumter, SC)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and TOBC,
Inc. (Thomasville, NC)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and WCBC,
Inc. (N. Wilkesboro, NC)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and WCBC,
Inc. (Asheville, NC)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and WVBC,
Inc. (Marlinton, WV)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and WVBC,
Inc. (Charleston, WV)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and WVBC,
Inc. (Huntington, WV)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and WVBC,
Inc. (Elkins, WV)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and WVBC,
Inc. (Beckley, WV)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and WVBC,
Inc. (Clarksburg, WV)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and WVBC,
Inc. (Bluefield, WV)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and
Piedmont Coca-Cola Bottling Partnership d/b/a Columbia Coca-Cola Bottling Company (Columbia SC)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and
Piedmont Coca-Cola Bottling Partnership (Greenwood, SC)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola
Schedule V
- 27 -
Co. and Piedmont Coca-Cola Bottling Partnership d/b/a Hampton Coca-Cola Bottling Company (Hampton,
SC)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and
Piedmont Coca-Cola Bottling Partnership d/b/a Charleston — Dorchester Coca-Cola Bottling Company
(Charleston, SC)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and
Piedmont Coca-Cola Bottling Partnership d/b/a Charleston — Dorchester Coca-Cola Bottling Company
(Summerville, SC)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and
Piedmont Coca-Cola Bottling Partnership (Anderson, SC)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and
Piedmont Coca-Cola Bottling Partnership (Abbeville, SC)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and
Piedmont Coca-Cola Bottling Partnership (Wilson, NC)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and
Piedmont Coca-Cola Bottling Partnership (Tarboro, NC)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and
Piedmont Coca-Cola Bottling Partnership (Plymouth, NC)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and
Piedmont Coca-Cola Bottling Partnership d/b/a Coastal Coca-Cola Bottling Company (Xxxxxx, SC)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and
Piedmont Coca-Cola Bottling Partnership d/b/a Eastern Carolina Coca-Cola Bottling Company, Inc.
(Goldsboro, NC)
DASANI Marketing and Distribution Agreement, dated 10/01/2000, between The Coca-Cola Co. and
Piedmont Coca-Cola Bottling Partnership (Hartwell, GA)
Consent Letter to Distribute Cumberland Gap Mountain Spring Water, dated October 23, 2006, between
The Coca-Cola Company and Coca-Cola Bottling Co. Consolidated
POWERADE Marketing and Distribution Agreement, dated November 14, 1994, between Georgetown
CCBC and The Coca-Cola Company (Georgetown, SC)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between CCBC of
Wilmington, Inc. and The Coca-Cola Company (Emporia, VA)
Schedule V
- 28 -
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between CCBC of Wilmington,
Inc. and The Coca-Cola Company (Wilmington, NC)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between CCBC of Wilmington,
Inc. and The Coca-Cola Company (Xxxxxx, NC)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between CCBC of Wilmington,
Inc. and The Coca-Cola Company (Rocky Mount, NC)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between CCBC of Wilmington,
Inc. and The Coca-Cola Company (Kelford, NC)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between Metrolina Bottling
Company and The Coca-Cola Company (Charlotte, NC)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between Metrolina Bottling
Company and The Coca-Cola Company (Biscoe, NC)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between Metrolina Bottling
Company and The Coca-Cola Company (Pageland, SC)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between MOBC, Inc. and The
Coca-Cola Company (Mobile, AL)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between WVBC, Inc. and The
Coca-Cola Company (Beckley, WV)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between WVBC, Inc. and The
Coca-Cola Company (Charleston, WV)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between WVBC, Inc. and The
Coca-Cola Company (Clarksburg, WV)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between WVBC, Inc. and The
Coca-Cola Company (Huntington, WV)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between WVBC, Inc. and The
Coca-Cola Company (Bluefield, WV)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between WVBC, Inc. and The
Coca-Cola Company (Elkins, WV)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between WVBC, Inc. and The
Coca-Cola Company (Marlinton, WV)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between ECBC, Inc. and The
Coca-Cola Company (Fayetteville, NC)
Schedule V
- 29 -
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between WCBC, Inc. and
The Coca-Cola Company (Asheville, NC)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between WCBC, Inc. and
The Coca-Cola Company (N. Wilkesboro, NC)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between NABC, Inc. and
The Coca-Cola Company (Nashville, TN)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between NABC, Inc. and
The Coca-Cola Company (Murfreesboro, TN)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between NABC, Inc. and
The Coca-Cola Company (Jackson, TN)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between NABC, Inc. and
The Coca-Cola Company (Columbia, TN)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between NABC, Inc. and
The Coca-Cola Company (Fayetteville, TN)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between Coca-Cola Bottling
Co. of Nashville, LP. And The Coca-Cola Company (Laurel, MS)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between NABC, Inc. and
The Coca-Cola Company (Dickson, TN)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between PCBC, Inc. and
The Coca-Cola Company (Panama City, FL)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between COBC, Inc. and
The Coca-Cola Company (Columbus, GA)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between COBC, Inc. and
The Coca-Cola Company (Albany, GA)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between ROBC, Inc. and
The Coca-Cola Company (Roanoke, VA)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between ROBC, Inc. and
The Coca-Cola Company (Bristol, VA)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between ROBC, Inc. and
The Coca-Cola Company (Norton, VA)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between PCCBP and The
Coca-Cola Company (Hartwell, GA)
Schedule V
- 30 -
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between PCCBP and The
Coca-Cola Company (Goldsboro, NC)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between PCCBP and The
Coca-Cola Company (Plymouth, NC)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between PCCBP and The
Coca-Cola Company (Tarboro, NC)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between PCCBP and The
Coca-Cola Company (Wilson, NC)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between PCCBP and The
Coca-Cola Company (Abbeville, SC)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between PCCBP and The
Coca-Cola Company (Anderson, SC)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between PCCBP and The
Coca-Cola Company (Charleston, SC)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between PCCBP and The
Coca-Cola Company (Columbia, SC)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between PCCBP and The
Coca-Cola Company (Greenwood, SC)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between PCCBP and The
Coca-Cola Company (Hampton, SC)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between PCCBP and The
Coca-Cola Company (Marion, SC)
POWERADE Marketing and Distribution Agreement, dated November 30, 1994, between PCCBP and The
Coca-Cola Company (Summerville, SC)
POWERADE Marketing and Distribution Agreement, dated January 29, 1997, between TOBC, Inc. and The
Coca-Cola Company (Thomasville, NC)
POWERADE Marketing and Distribution Agreement, dated January 21, 1998, between NABC, Inc. and The
Coca-Cola Company (Florence, AL)
POWERADE Marketing and Distribution Agreement, dated October 29, 1999, between LYBC, Inc. and The
Coca-Cola Company (Lynchburg, VA)
POWERADE Marketing and Distribution Agreement, dated May 28, 1999, between SUBC, Inc. and The
Coca-Cola Company (Sumter, SC)
Schedule V
- 31 -
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated Dec. 1, 1997, between The
Coca-Cola Co. and Piedmont Coca-Cola Bottling Partnership (Hartwell, GA)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated Dec. 1, 1997, between
The Coca-Cola Co. and Piedmont Coca-Cola Bottling Partnership d/b/a Eastern Carolina CCB
Co. (Goldsboro)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated Dec. 1, 1997, between The
Coca-Cola Co. and Piedmont Coca-Cola Bottling Partnership (Plymouth, NC)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated Dec. 1, 1997, between
The Coca-Cola Co. and Piedmont Coca-Cola Bottling Partnership (Tarboro, NC)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated Dec. 1, 1997, between
The Coca-Cola Co. and Piedmont Coca-Cola Bottling Partnership (Wilson, NC)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated Dec. 1, 1997, between The
Coca-Cola Co. and Piedmont Coca-Cola Bottling Partnership (Abbeville, NC)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated Dec. 1, 1997, between The
Coca-Cola Co. and Piedmont Coca-Cola Bottling Partnership (Xxxxxxxx, NC)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated Dec. 1, 1997, between The
Coca-Cola Co. and Piedmont Coca-Cola Bottling Partnership d/b/a Charleston-Dorchester (Charleston,
SC)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated Dec. 1, 1997, between The
Coca-Cola Co. and Piedmont Coca-Cola Bottling Partnership d/b/a Columbia Coca-Cola Bottling
Co. (Columbia, SC)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated Dec. 1, 1997, between The
Coca-Cola Co. and Piedmont Coca-Cola Bottling Partnership (Greenwood, SC)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated Dec. 1, 1997, between The
Coca-Cola Co. and Piedmont Coca-Cola Bottling Partnership d/b/a Hampton Coca-Cola Bottling Co.
(Hampton, SC)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated Dec. 1, 1997, between The
Coca-Cola Co. and Piedmont Coca-Cola Bottling Partnership d/b/a The Coastal Coca-Cola Bottling Co.
(Marion, SC)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated Dec. 1, 1997, between The
Coca-Cola Co. and Piedmont Coca-Cola Bottling Partnership d/b/a Charleston-Dorchester (Summerville,
SC)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and CCBC of Wilmington, Inc. (Emporia, VA)
Schedule V
- 32 -
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and CCBC of Wilmington, Inc. (Wilmington, NC)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and CCBC of Wilmington, Inc. (Weldon, NC)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and CCBC of Wilmington, Inc. (Rocky Mount, NC)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and CCBC of Wilmington, Inc. (Kelford, NC)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and Metrolina Bottling Co. (Charlotte, NC)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and Metrolina Bottling Co. (Biscoe, NC)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and Metrolina Bottling Co. (Pageland, SC)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and COBC, Inc. (Columbus, GA)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and COBC, Inc. (Albany, GA)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and ECBC, Inc. (Fayetteville, NC)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and MOBC, Inc. (Mobile, AL)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and NABC, Inc. (Columbia, TN)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and NABC, Inc. (Dickson, TN)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and NABC, Inc. (Fayetteville, TN)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and NABC, Inc. (Jackson, TN)
Schedule V
- 33 -
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and NABC, Inc. (Murfreesboro, TN)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and NABC, Inc. (Nashville, TN)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated September 11, 2001, between The
Coca-Cola Co. and NABC, Inc. (Florence AL)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and Coca-Cola Bottling Co of Nashville, L.P. (Laurel, MS)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and PCBC, Inc. (Panama City, FL)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and ROBC, Inc. (Bristol, VA)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and ROBC, Inc. (Norton, VA)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and ROBC, Inc. (Roanoke, VA)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and TOBC, Inc. (Thomasville, NC)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and WCBC, Inc. (Asheville, NC)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and WCBC, Inc. (N. Wilkesboro, NC)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and WVBC, Inc. (Beckley, WV)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and WVBC, Inc. (Bluefield, WV)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and WVBC, Inc. (Charleston, WV)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and WVBC, Inc. (Clarksburg, WV)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and WVBC, Inc. (Elkins, WV)
Schedule V
- 34 -
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and WVBC, Inc. (Huntington, WV)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated August 1, 1997, between The
Coca-Cola Co. and WVBC, Inc. (Marlinton, WV)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated October 29, 1999, between The
Coca-Cola Co. and LYBC, Inc. (Lynchburg, VA)
MINUTE MAID (non-carb) Marketing and Distribution Agreement, dated May 28, 1999, between The
Coca-Cola Co. and SUBC, Inc. (Sumter, SC)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Georgetown, SC)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
CCBC of Wilmington, Inc. (Emporia, VA)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
CCBC of Wilmington, Inc. (Wilmington, NC)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
CCBC of Wilmington, Inc. (Weldon, NC)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
CCBC of Wilmington, Inc. (Rocky Mount, NC)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
CCBC of Wilmington, Inc. (Kelford, NC)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Charlotte, NC)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Pageland, SC)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Xxxxxx, NC)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Albany, GA)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Columbus, GA)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Fayetteville, NC)
Schedule V
- 35 -
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Lynchburg, VA)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Mobile, AL)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Jackson, TN)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Murfreesboro, TN)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Florence, AL)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Dickson, TN)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Columbia, TN)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Fayetteville, TN)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Nashville, TN)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Laurel, MS)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Panama City, FL)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Roanoke, VA)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Bristol, VA)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Norton, VA)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Sumter, SC)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Thomasville, NC)
Schedule V
- 36 -
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (N. Wilkesboro, NC)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Asheville, NC)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Marlinton, WV)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Charleston, WV)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Huntington, WV)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Elkins, WV)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Beckley, WV)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Clarksburg, WV)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Bluefield, WV)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
PCCBP d/b/a Columbia CCBC (Columbia, SC)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
PCCBP (Greenwood, SC)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
PCCBP d/b/a Hampton CCBC (Hampton, SC)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
PCCBP d/b/a Charleston-Dorchester CCBC (Charleston, SC)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
PCCBP d/b/a Charleston-Dorchester CCBC (Summerville, SC)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
PCCBP (Anderson, SC)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
PCCBP (Abbeville, SC)
Schedule V
- 37 -
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
PCCBP (Wilson, NC)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
PCCBP (Tarboro, NC)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
PCCBP (Plymouth, NC)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
PCCBP d/b/a Coastal CCBC (Marion, SC)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
PCCBP d/b/a Eastern Carolina CCBC (Goldsboro, NC)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
PCCBP (Hartwell, GA)
MINUTE MAID (Cold Fill) Bottler Contract, dated May 27, 2004, between The Coca-Cola Company and
Coca-Cola Bottling Co. Consolidated (Reidsville, NC)
NESTEA (1997) Marketing and Distribution Agreement, dated May 28, 1999, between SUBC, Inc. (Sumter,
SC) and Coca-Cola Nestle’ Refreshments Company, USA
NESTEA (1997) Marketing and Distribution Agreement, dated October 29, 1999, between LYBC, Inc.
(Lynchburg, VA) and Coca-Cola Nestle’ Refreshments Company, USA
Barq’s Bottler’s Agreement , dated March 22, 1994, between Metrolina Bottling Company and Barq’s,
Inc.
Barq’s Bottler’s Agreement , dated March 22, 1994, between MOBC, Inc. and Barq’s, Inc.
Barq’s Bottler’s Agreement , dated March 22, 1994, between WVBC, Inc. and Barq’s, Inc.
Barq’s Bottler’s Agreement , dated March 22, 1994, between ECBC, Inc. and Barq’s, Inc.
Barq’s Bottler’s Agreement , dated March 22, 1994, between WCBC, Inc. and Barq’s, Inc.
Barq’s Bottler’s Agreement , dated March 22, 1994, between NABC, Inc. and Barq’s, Inc.
Barq’s Bottler’s Agreement , dated March 22, 1994, between PCBC, Inc. and Barq’s, Inc.
Barq’s Bottler’s Agreement , dated March 22, 1994, between COBC, Inc. and Barq’s, Inc.
Barq’s Bottler’s Agreement , dated March 22, 1994, between ROBC, Inc. and Barq’s, Inc.
Barq’s Bottler’s Agreement, dated March 22, 1994, between Piedmont Coca-Cola Bottling
Partnership and Barq’s, Inc.
Schedule V
- 38 -
Barq’s Bottler’s Agreement, dated October 29, 1999, between LYBC, Inc. and Barq’s, Inc.
Barq’s Bottler’s Agreement, dated May 28, 1999, between SUBC, Inc. and Barq’s, Inc.
Xx Xxxxxx Bottler’s License Agreement (No. 512-I), dated January 1, 1980, between Coca-Cola
Bottling Co. Consolidated d/b/a Xx Xxxxxx Bottling Company of Charlotte and Xx Xxxxxx Company
Sugar Free Xx Xxxxxx Bottler’s License Agreement (No. 512-I), dated January 1, 1980, between
Coca-Cola Bottling Co. Consolidated d/b/a Xx Xxxxxx Bottling Company of Charlotte and Xx Xxxxxx
Company
Xx Xxxxxx Bottler’s Canned Products License Agreement (No. 512-I), dated January 1, 1980, between
Coca-Cola Bottling Co. Consolidated d/b/a Xx Xxxxxx Bottling Company of Charlotte and Xx Xxxxxx
Company
Xx Xxxxxx Bottler’s License Agreement (No. 583-I), dated January 1, 1980, between Coca-Cola
Bottling Co. Consolidated d/b/a Xx Xxxxxx Bottling Company of Raleigh and Xx Xxxxxx Company
Sugar Free Xx Xxxxxx Bottler’s License Agreement (No. 583-I), dated January 1, 1980, between
Coca-Cola Bottling Co. Consolidated d/b/a Xx Xxxxxx Bottling Company of Raleigh and Xx Xxxxxx
Company
Xx Xxxxxx Bottler’s Canned Products License Agreement (No. 583-I), dated January 1, 1980, between
Coca-Cola Bottling Co. Consolidated d/b/a Xx Xxxxxx Bottling Company of Raleigh and Xx Xxxxxx
Company
Xx Xxxxxx Bottler’s License Agreement (No. 1002-B), dated January 1, 1980, between Coca-Cola
Bottling Co. Consolidated d/b/a Xx Xxxxxx Bottling Company of Burlington and Xx Xxxxxx Company
Sugar Free Xx Xxxxxx Bottler’s License Agreement (No. 1002-B), dated January 1, 1980, between
Coca-Cola Bottling Co. Consolidated d/b/a Xx Xxxxxx Bottling Company of Burlington and Xx Xxxxxx
Company
Xx Xxxxxx Bottler’s Canned Products License Agreement (No. 1002-B), dated January 1, 1980, between
Coca-Cola Bottling Co. Consolidated d/b/a Xx Xxxxxx Bottling Company of Burlington and Xx Xxxxxx
Company
Xx Xxxxxx Bottler’s License Agreement (No. 1001-A), dated January 31, 1990, between Biscoe
Coca-Cola Bottling Company, Inc. d/b/a Xx Xxxxxx Bottling Company of Biscoe and Xx Xxxxxx Company
Diet Xx Xxxxxx Bottler’s License Agreement (No. 1001-A), dated January 31, 1990, between Biscoe
Coca-Cola Bottling Company, Inc. d/b/a Xx Xxxxxx Bottling Company of Biscoe and Xx Xxxxxx Company
Schedule V
- 39 -
Xx Xxxxxx Bottler’s Canned Products License Agreement (No. 1001-A), dated January 31, 1990, between
Biscoe Coca-Cola Bottling Company, Inc. d/b/a Xx Xxxxxx Bottling Company of Biscoe and Xx Xxxxxx
Company
Xx Xxxxxx Bottler’s License Agreement (No. 246-F), dated December 18, 1987, between Coca-Cola
Bottling Co. Consolidated d/b/a Xx Xxxxxx Bottling Company of Mobile and Xx Xxxxxx Company
(including February 15, 1985 “Addendum”)
Diet Xx Xxxxxx Bottler’s License Agreement (No. 246-F), dated December 18, 1987, between Coca-Cola
Bottling Co. Consolidated d/b/a Dr Pepper Bottling Company of Mobile and Dr Pepper Company
Dr Pepper Bottler’s Canned Products License Agreement (No. 246-F), dated December 18, 1987, between
Coca-Cola Bottling Co. Consolidated d/b/a Dr Pepper Bottling Company of Mobile and Dr Pepper
Company
Dr Pepper Bottler’s License Agreement (No. 557-L), dated February 12, 1993, between The
Coca-Cola Bottling Company of West Virginia and Dr Pepper Company
Diet Dr Pepper Bottler’s License Agreement (No. 557-L), dated February 12, 1993, between The
Coca-Cola Company of West Virginia and Dr Pepper Company
Dr Pepper Bottler’s Canned Products License Agreement (No. 557-L), dated February 12, 1993,
between The Company of West Virginia and Dr Pepper Company
Dr Pepper Bottler’s License Agreement (No. 740-I), dated February 12, 1993, between Coca-Cola
Bottling Works of Columbia, TN d/b/a/ Tygart Valley Coca-Cola Bottling Company d/b/a Dr Pepper
Bottling Company of Elkins, WV and Dr Pepper Company
Diet Dr Pepper Bottler’s License Agreement (No. 740-I), dated February 12, 1993, between Coca-Cola
Bottling Works of Columbia, TN d/b/a/ Tygart Valley Coca-Cola Bottling Company d/b/a Dr Pepper
Bottling Company of Columbia, TN and Dr Pepper Company
Dr Pepper Bottler’s Canned Products License Agreement (No. 740-I), dated February 12, 1993, between
Coca-Cola Bottling Works of Columbia, TN d/b/a Tygart Valley Coca-Cola Bottling Company d/b/a Dr
Pepper Bottling Company of Elkins, WV and Dr Pepper Company
Dr. Pepper Bottler’s License Agreement (639-G), dated July 2, 1993, between Fayetteville Coca-Cola
Bottling Company d/b/a Dr. Pepper Bottling Company of Fayetteville, NC and Dr. Pepper Company
Diet Dr. Pepper Bottler’s License Agreement (639-G), dated July 2, 1993 between Fayetteville
Coca-Cola Bottling Company d/b/a Dr. Pepper Bottling Company of Fayetteville, NC and Dr. Pepper
Company
Schedule V
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Dr. Pepper Bottler’s Canned Products License Agreement (639-G), dated July 2, 1993, between
Fayetteville Coca-Cola Bottling Company d/b/a Dr. Pepper Bottling Company of Fayetteville, NC and
Dr. Pepper Company
Diet Dr. Pepper Bottler’s License Agreement (375-G), dated March 28, 1986, between Nashville and
Dr. Pepper Company
Dr. Pepper Bottler’s Canned Products License Agreement, dated March 28, 1986, between
Nashville and Dr. Pepper Company
Dr Pepper Bottler’s License Agreement (No. 1064-A), dated January 15, 1990, between Coca-Cola
Bottling Works of Murfreesboro d/b/a Dr Pepper Bottling Company of Murfreesboro and Dr Pepper
Company
Diet Dr Pepper Bottler’s License Agreement (No. 1064-A), dated January 15, 1990, between Coca-Cola
Bottling Works of Murfreesboro d/b/a Dr Pepper Bottling Company of Murfreesboro and Dr Pepper
Company
Dr Pepper Bottler’s Canned Products License Agreement (No. 1064-A), dated January 15, 1990, between
Coca-Cola Bottling Works of Murfreesboro d/b/a Dr Pepper Bottling Company of Murfreesboro and Dr
Pepper Company
Dr Pepper Bottler’s License Agreement (No. 531-E), dated March 29, 1991, between Coca-Cola Bottling
Company of Jackson, Inc. d/b/a Dr Pepper Bottling Company of Jackson and Dr Pepper Company
Diet Dr Pepper Bottler’s License Agreement (No. 531-E), dated March 29, 1991, between Coca-Cola
Bottling Company of Jackson, Inc. d/b/a Dr Pepper Bottling Company of Jackson and Dr Pepper Company
Dr Pepper Bottler’s Canned Products License Agreement (No. 531-E), dated March 29, 1991,
between Coca-Cola Bottling Company of Jackson, Inc. d/b/a Dr Pepper Bottling Company of Jackson
and Dr Pepper Company
Dr Pepper Bottler’s License Agreement (No. 496-E), dated September 5, 1973, between Coca-Cola
Bottling Works of Columbia, TN d/b/a Dr Pepper Bottling Company of Columbia, TN and Dr Pepper
Company
Sugar Free Dr Pepper Bottler’s License Agreement (No. 496-E), dated September 5, 1973, between
Coca-Cola Bottling Works of Columbia, TN d/b/a Dr Pepper Bottling Company of Columbia, TN and
Dr Pepper Company
Dr Pepper Bottler’s Canned Products License Agreement (No. 496-E), dated September 5, 1973, between
Coca-Cola Bottling Works of Columbia, TN d/b/a Dr Pepper Bottling Company of Columbia, TN and Dr
Pepper Company
Schedule V
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Dr Pepper Bottler’s License Agreement (No. 906-A), dated April 1, 1968, between Dickson Coca-Cola
Bottling Company d/b/a Dr Pepper Bottling Company of Dickson, TN and Dr Pepper Company
Sugar Free Dr Pepper Bottler’s License Agreement (No. 906-A), dated February 23, 1972, between
Dickson Coca-Cola Bottling Company d/b/a Dr Pepper Bottling Company of Dickson, TN and Dr Pepper
Company
Dr Pepper Bottler’s Canned Products License Agreement (No. 906-A), dated September 3, 1980, between
Dickson Coca-Cola Bottling Company d/b/a Dr Pepper Bottling Company of Dickson, TN and Dr Pepper
Company
Dr Pepper Bottler’s License Agreement (No. 424-I), dated May 24, 1993, between Columbus Coca-Cola
Bottling Company d/b/a Dr Pepper Bottling Company of Columbus and Dr Pepper Company
Diet Free Dr Pepper Bottler’s License Agreement (No. 424-I), dated May 24, 1993, between Columbus
Coca-Cola Bottling Company d/b/a Dr Pepper Bottling Company of Columbus and Dr Pepper Company
Caffeine Free Dr Pepper Bottler’s License Agreement (No. 424-I), dated May 24, 1993, between
Columbus Coca-Cola Bottling Company d/b/a Dr Pepper Bottling Company of Columbus and Dr Pepper
Company
Dr Pepper Bottler’s License Agreement (392-H), dated January 22, 1998, between NABC, Inc d/b/a
Dr Pepper Bottling Company of Florence and Dr Pepper Company
Diet Dr Pepper Bottler’s License Agreement (392-H), dated January 22, 1998, between NABC, Inc d/b/a
Dr Pepper Bottling Company of Florence and Dr Pepper Company
Dr Pepper Bottler’s Canned Products License Agreement (392-H), dated January 22, 1998, between
NABC, Inc d/b/a Dr Pepper Bottling Company of Florence and Dr Pepper Company
Dr. Pepper Bottler’s License Agreement (1060-B), dated 7/2/93, between Palmetto BCCC Ventures, Inc.
and CCCB Investments d/b/a Dr Pepper Bottling Company of Goldsboro and Dr. Pepper Company
Diet Dr. Pepper Bottler’s License Agreement (1060-B), dated 7/2/93, between Palmetto BCCC Ventures,
Inc. and CCCB Investments d/b/a Dr Pepper Bottling Company of Goldsboro and Dr. Pepper Company
Dr. Pepper Bottler’s Canned Products License Agreement (1060-B), dated 7/2/93, between Palmetto
BCCC Ventures, Inc. and CCCB Investments d/b/a Dr Pepper Bottling Company of Goldsboro and Dr.
Pepper Company
Schedule V
- 42 -
Dr. Pepper Bottler’s License Agreement (663-I), dated 7/2/93, between Palmetto BCCC Ventures, Inc.
and CCCB Investments d/b/a Dr Pepper Bottling Company of Wilson, NC and Dr. Pepper Company
Diet Dr. Pepper Bottler’s License Agreement (663-I), dated 7/2/93, between Palmetto BCCC Ventures,
Inc. and CCCB Investments d/b/a Dr Pepper Bottling Company of Wilson, NC and Dr. Pepper Company
Dr. Pepper Bottler’s Canned Products License Agreement (663-I), dated 7/2/93, between Palmetto BCCC
Ventures, Inc. and CCCB Investments d/b/a Dr Pepper Bottling Company of Wilson, NC and Dr. Pepper
Company
Dr. Pepper Bottler’s License Agreement (1062-C), dated 7/2/93, between Palmetto BCCC Ventures, Inc.
and CCCB Investments d/b/a Dr Pepper Bottling Company of Plymouth, NC and Dr. Pepper Company
Diet Dr. Pepper Bottler’s License Agreement (1062-C), dated 7/2/93, between Palmetto BCCC Ventures,
Inc. and CCCB Investments d/b/a Dr Pepper Bottling Company of Plymouth, NC and Dr. Pepper Company
Dr. Pepper Bottler’s Canned Products License Agreement (1062-C), dated 7/2/93, between Palmetto
BCCC Ventures, Inc. and CCCB Investments d/b/a Dr Pepper Bottling Company of Plymouth, NC and Dr.
Pepper Company
Dr. Pepper Bottler’s License Agreement (513-B), dated 7/2/93, between Palmetto BCCC Ventures, Inc.
and CCCB Investments d/b/a Dr Pepper Bottling Company of Greenville, SC and Dr. Pepper Company
Diet Dr. Pepper Bottler’s License Agreement (513-B), dated 7/2/93, between Palmetto BCCC Ventures,
Inc. and CCCB Investments d/b/a Dr Pepper Bottling Company of Greenville, SC and Dr. Pepper Company
Dr. Pepper Bottler’s Canned Products License Agreement (513-B), dated 7/2/93, between Palmetto BCCC
Ventures, Inc. and CCCB Investments d/b/a Dr Pepper Bottling Company of Greenville, SC and Dr.
Pepper Company
Sun-drop License Agreement, dated September 9, 1992, between Fayetteville Coca-Cola Bottling
Company and Sun-drop U.S.A. a division of Cadbury Beverages, Inc.
Amendment to Sun-drop License Agreement, dated September 9, 1992, between Fayetteville Coca-Cola
Bottling Company and Sun-drop U.S.A. a division of Cadbury Beverages, Inc.
Amendment No. 2 to Sun-drop License Agreement, dated September 9, 1992, between
Fayetteville Coca-Cola Bottling Company and Sun-drop U.S.A. a division of Cadbury
Beverages, Inc.
Schedule V
- 43 -
Amendment to Sun-drop License Agreement, dated April 24, 1995, between Fayetteville Coca-Cola
Bottling Company and Sun-drop U.S.A. a division of Cadbury Beverages, Inc.
Sun-drop License Agreement, dated September 9, 1992, between Coca-Cola Bottling Co.
Affiliated, Inc. and Sun-drop U.S.A. a division of Cadbury Beverages, Inc.
Amendment to Sun-drop License Agreement, dated April 12, 1995, between Coca-Cola Bottling Co.
Affiliated, Inc. and Sun-drop U.S.A. a division of Cadbury Beverages, Inc.
Sun-drop License Agreement, dated July 1, 1993, between Piedmont Coca-Cola Bottling
Partnership and Sun-drop U.S.A. a division of Cadbury Beverages, Inc.
Amendment to Sun-drop License Agreement, dated July 1, 1993, between Piedmont Coca-Cola Bottling
Partnership and Sun-drop U.S.A. a division of Cadbury Beverages, Inc.
Amendment to Sun-drop License Agreement, dated March 15, 1999, between Piedmont Coca-Cola Bottling
Partnership and Sun-drop U.S.A. a division of Cadbury Beverages, Inc.
Sun-drop License Agreement, dated July 1, 1993, between CCBC of Wilmington, Inc. and Sun-drop
U.S.A. a division of Cadbury Beverages, Inc.
Amendment to Sun-drop License Agreement, dated July 1, 1993, between CCBC of Wilmington, Inc. and
Sun-drop U.S.A. a division of Cadbury Beverages, Inc.
Amendment to Sun-drop License Agreement, dated March 15, 1999, between CCBC of
Wilmington, Inc. and Sun-drop U.S.A. a division of Cadbury Beverages, Inc.
SEAGRAM Soft Drink Trademark License and Bottling Agreement, dated September 1, 1988, between
Coca-Cola Bottling Co. Consolidated and Joseph E. Seagram & Sons, Inc./Premium Beverages, Inc.
ROCKSTAR Distribution Agreement, dated August 16, 2004, between Coca-Cola Bottling Co. Consolidated
and ROCKSTAR, Inc.
Letter amending ROCKSTAR Distribution Agreement, dated May 31, 2005, between Coca-Cola Bottling Co.
Consolidated and ROCKSTAR, Inc.
Manufacturing and Distribution License Agreement, dated April 1, 2006, between Cinnabon, Inc. and
Beverage Plus, Inc.
Relationship Transition Agreement, dated April 1, 2006, between Cinnabon, Inc.; Brian-Twist, Inc.
and Beverage Plus, Inc.
Consideration Agreement, dated April 1, 2006, between Brain-Twist, Inc. and Beverage Plus, Inc.
Schedule V
- 44 -
Manufacturing Agreement, dated May 8, 2006, between O-AT-KA Milk Products Cooperative, Inc. and BYB
Brands, Inc.
Manufacturing and Bottling Agreement, dated September 25, 2006, between BYB Brands, Inc. and Union
Beverage Packers, LLC
Distribution Agreement, dated January 1, 2007, between SPIKE Beverage, LLC and BYB Brands,
Inc.
Distribution Agreement, dated January 2, 2007, between Cadbury Schweppes Bottling Group, Inc. and
BYB Brands, Inc.
Agreement and Consent, dated January 4, 2007, between O-AT-KA Milk Products Cooperative, Inc. and
BYB Brands, Inc.
Distribution Agreement, dated January 10, 2007, between Snapple Distributors, Inc. and BYB Brands,
Inc.
Product Supply Agreement, dated January 19, 2007, between Beverage House, Inc. and BYB Brands, Inc.
Distribution Agreement, dated February 1, 2007, between J.J. Taylor Distributing Florida, Inc. and
BYB Brands, Inc.
Schedule V
SCHEDULE VI
Permitted Investments
Investments in the following entities are permitted pursuant to Sections 5.01(m)(i) and
5.01(m)(ii):
CCBC of Wilmington, Inc.
CCBCC Operations, LLC
CCBCC Vending, LLC
CCBCC, Inc.
Chesapeake Treatment Company, LLC
Coca-Cola Bottlers’ Sales & Services Company, LLC
Coca-Cola Ventures, Inc.
Consolidated Beverage Co.
Consolidated Real Estate Group, LLC
Data Ventures, Inc.
Heath Oil Co., Inc.
Piedmont Coca-Cola Bottling Partnership
South Atlantic Canners, Inc.
Southeastern Container, Inc.
Tennessee Soft Drink Production Company
TXN, Inc.
BYB Brands, Inc.
Swift Water Logistics, Inc.
Data Ventures Europe, BV
Schedule VI
SCHEDULE VII
Contingent Obligations
1. Amended and Restated Guaranty Agreement, effective as of July 15, 1993, made by the
Borrower and each of the other guarantor parties thereto in favor of Trust Company Bank, Teachers
Insurance and Annuity Association of America. Pursuant to this guaranty agreement, the Borrower has
Existing Contingent Obligations with respect to the Senior Secured Notes (and any refinancing
thereof) and the revolving line of credit of Southeastern Container, Inc.
2. Amended and Restated Guaranty Agreement, dated as of May 18, 2000, made by the Borrower in
favor of Wachovia Bank of North Carolina, N.A. Pursuant to this guaranty agreement, the Borrower
has Existing Contingent Obligations with respect to the term loan and line of credit of South
Atlantic Canners, Inc.
3. Guaranty Agreement, dated as of December 1, 2001, made by the Borrower in favor of Wachovia
Bank, N.A. Pursuant to the guaranty agreement, the Borrower has Existing Contingent Obligations
with respect to an irrevocable letter of credit issued by Wachovia Bank, N.A. in favor of South
Atlantic Canners, Inc.
4. Guaranty Agreement made by the Borrower in favor of Cooperatieve Centrale
Raiffeisen-Boerenleenbank B.A., “Rabobank International”, New York Branch, or an affiliate thereof.
Pursuant to this guaranty agreement, the Borrower will guarantee the obligations of Data Ventures
Europe, BV, pursuant to the Letter of Credit Agreement listed as Item 3 of Schedule VIII hereto.
Schedule VII
SCHEDULE VIII
Permitted Subsidiary Indebtedness
1. Lease Agreement, dated as of December 18, 2006, between the CCBCC Operations, LLC and
Beacon Investment Corporation, related to the Borrower’s corporate headquarters and an adjacent
office building in Charlotte, North Carolina.
2. Lease Agreement, dated as of December 15, 2000, between the Borrower and Harrison Limited
Partnership One, related to the Snyder Production Center in Charlotte, North Carolina and a
distribution center adjacent thereto. The Borrower reserves the right to assign this lease to a
Subsidiary.
3. Letter of Credit Agreement between Data Ventures Europe, BV, an indirect wholly-owned
Subsidiary of the Borrower, and Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A., “Rabobank
International”, New York Branch, or an affiliate therof, for up to 1,000,000 Euros.
Schedule VIII
EXHIBIT A
NOTICE OF BORROWING
Citibank, N.A., as Administrative
Agent
for the Lenders parties
to
the Credit Agreement
referred to below Two
Penns Ways, Suite 200 New
Castle, Delaware 19720
Attention:
[Date]
Ladies and Gentlemen:
The undersigned, Coca-Cola Bottling Co. Consolidated (the “Borrower”), refers to the
Amended and Restated Credit Agreement, dated as of March 8, 2007 (as from time to time amended, the
“Credit Agreement”, the terms defined therein being used herein as therein defined), among
the undersigned, certain Lenders parties thereto and Citibank, N.A., as Administrative Agent for
said Lenders, and hereby gives you notice, irrevocably, pursuant to Section 2.02 of the Credit
Agreement that the undersigned hereby requests a Borrowing (the “Proposed Borrowing”) under
the Credit Agreement, and in that connection sets forth below the information relating to such
Borrowing as required by Section 2.02(a) of the Credit Agreement:
(i) The Business Day of the Proposed Borrowing is ___,
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(ii) The Type of Advances initially comprising the Proposed Borrowing is
[Base Rate Advances] [Eurodollar Rate Advances].
(iii) The amount of the Proposed Borrowing is $ .
[(iv) The initial Interest Period for each Advance made as part of the Proposed
Borrowing is month[s]]1.
The undersigned hereby certifies that the following statements are true on the date hereof,
and will be true on the date of the Proposed Borrowing:
(a) the representations and warranties contained in Section 4.01 of the Credit
Agreement (excluding, in the case of a Borrowing after the initial Borrowing, the Excluded
Representations) are correct in all material respects, before and after giving effect to the
Proposed Borrowing and to the application of the proceeds therefrom, as
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For Eurodollar Rate Advances only. |
Form of Notice of Borrowing
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though made on and as of such date (unless expressly stated to relate to an earlier date, in
which case such representations and warranties shall be true and correct in all material
respects as of such earlier date);
(b) no event has occurred and is continuing, or would result from such Proposed
Borrowing or from the application of the proceeds therefrom, which constitutes an Event of
Default or a Default.
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Very truly yours, |
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COCA-COLA BOTTLING CO. CONSOLIDATED |
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By
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Form of Notice of Borrowing
EXHIBIT B
ASSIGNMENT AND ACCEPTANCE
Dated __,
Reference is made to the Amended and Restated Credit Agreement dated as of March 8, 2007 (as
from time to time amended, the “Credit Agreement”) among Coca-Cola Bottling Co.
Consolidated, a Delaware corporation (the “Borrower”), the Lenders (as defined in the
Credit Agreement) and Citibank, N.A., as Administrative Agent for the Lenders (the
“Administrative Agent”). Terms defined in the Credit Agreement are used herein with the
same meaning.
(the “Assignor”) and (the “Assignee”) agree as follows:
1. Effective on the Effective Date (as defined below), and subject to payment to the Assignor
specified in Schedule 1, the Assignor hereby sells and assigns to the Assignee, and the Assignee
hereby purchases and assumes from the Assignor, that interest in and to all of the Assignor’s
rights and obligations under the Credit Agreement as of the date hereof which represents the
percentage interest specified on Schedule 1 of all outstanding rights and obligations under the
Credit Agreement, including, without limitation, such interest in the Assignor’s Commitment and the
Advances owing to the Assignor. After giving effect to such sale and assignment, the Assignee’s
Commitment and the amount of the Advances owing to the Assignee will be as set forth in Schedule 1.
2. Effective on the Effective Date, Assignor (i) represents and warrants that it is the legal
and beneficial owner of the interest being assigned by it hereunder and that such interest is free
and clear of any adverse claim; (ii) makes no representation or warranty and assumes no
responsibility with respect to any statements, warranties or representations made in or in
connection with the Credit Agreement or the execution, legality, validity, enforceability,
genuineness, sufficiency or value of the Credit Agreement or any other instrument or document
furnished pursuant thereto; and (iii) makes no representation or warranty and assumes no
responsibility with respect to the financial condition of the Borrower or the performance or
observance by the Borrower of any of its obligations under the Credit Agreement or any other
instrument or document furnished pursuant thereto.
3. The Assignee (i) confirms that it has received a copy of the Credit Agreement, together
with copies of the financial statements referred to in Section 4.01 thereof and such other
documents and information as it has deemed appropriate to make its own credit analysis and decision
to enter into this Assignment and Acceptance; (ii) agrees that it will, independently and without
reliance upon the Administrative Agent, the Assignor or any other Lender and based on such
documents and information as it shall deem appropriate at the time, continue to make its own credit
decisions in taking or not taking action under the Credit Agreement; (iii) confirms that it is an
Eligible Assignee; (iv) appoints and authorizes the Administrative Agent to take such action as
administrative agent on its behalf and to exercise such powers under the Credit Agreement as are
delegated to the Administrative Agent by the
Form of Assignment and Acceptance
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terms thereof, together with such powers as are reasonably incidental thereto; (v) agrees that it
will perform in accordance with their terms all of the obligations which by the terms of the Credit
Agreement are required to be performed by it as a Lender; [and] (vi) specifies as its Domestic
Lending Office (and address for notices) and Eurodollar Lending Office the offices set forth
beneath its name on the signature pages hereof [and (vii) attaches the forms prescribed by the
Internal Revenue Service of the United States certifying as to the Assignee’s status for purposes
of determining exemption from United States withholding taxes with respect to all payments to be
made to the Assignee under the Credit Agreement or such other documents as are necessary to
indicate that all such payments are subject to such rates at a rate reduced by an applicable tax
treaty].1
4. Following the execution of this Assignment and Acceptance by the Assignor and the Assignee
and the consent of the Borrower, it will be delivered to the Administrative Agent for acceptance
and recording by the Administrative Agent. The Effective Date of this Assignment and Acceptance
shall be the date of acceptance thereof by the Administrative Agent, unless otherwise specified on
Schedule 1 hereto (the “Effective Date”).
5. Upon such acceptance and recording by the Administrative Agent, as of the Effective Date,
(i) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this
Assignment and Acceptance, have the rights and obligations of a Lender thereunder and (ii) the
Assignor shall, to the extent provided in this Assignment and Acceptance, relinquish its rights and
be released from its obligations under the Credit Agreement.
6. Upon such acceptance and recording by the Administrative Agent, from and after the
Effective Date, the Administrative Agent shall make all payments under the Credit Agreement in
respect of the interest assigned hereby (including, without limitation, all payments of principal,
interest, Facility Fee and Utilization Fee with respect thereto) to the Assignee. The Assignor and
Assignee shall make all appropriate adjustments in payments under the Credit Agreement for periods
prior to the Effective Date directly between themselves.
7. This Assignment and Acceptance shall be governed by, and construed in accordance with, the
law of the State of New York.
IN WITNESS WHEREOF, the parties hereto have caused this Assignment and Acceptance to be
executed by their respective officers thereunto duly authorized, as of the date first above
written, such execution being made on Schedule 1 hereto.
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If the Assignee is organized under the laws of a jurisdiction outside the United
States. |
Form of Assignment and Acceptance
SCHEDULE 1
to
ASSIGNMENT AND ACCEPTANCE
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Percentage assigned to Assignee % |
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Assignee’s Commitment $ |
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Aggregate outstanding principal
amount of Advances assigned $ |
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Consideration payable by
Assignee to Assignor $ |
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Effective Date (if other than
date of acceptance by Administrative Agent)* __, |
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[NAME OF ASSIGNOR], as Assignor |
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Form of Assignment and Acceptance
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[NAME OF ASSIGNEE], as Assignee |
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By
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Domestic Lending Office: |
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Eurodollar Lending Office: |
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This date should be no earlier than the date of acceptance by the Administrative Agent. |
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Accepted this day
of , |
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CITIBANK, N.A., as
Administrative
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By
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CONSENTED TO: |
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COCA-COLA BOTTLING CO. CONSOLIDATED |
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Form of Assignment and Acceptance
EXHIBIT C
[Form of Opinion of Special Counsel to the Borrower]
[ ___], 2007
To the Banks party to the Credit
Agreement
referred to below
Citibank, N.A., as
Administrative Agent Two Penns Way, Suite
200 New Castle, Delaware 19720
Ladies and Gentlemen:
We have acted as counsel to Coca-Cola Bottling Co. Consolidated, a Delaware corporation (the
“Borrower”), in connection with the loan transaction (the “Loan Transaction”)
contemplated by the Amended and Restated Credit Agreement dated as of March 8, 2007 (the
“Credit Agreement”) among the Borrower, the Banks named therein (collectively, the
“Lenders”) and Citibank, N.A., as administrative agent for the Lenders (in such capacity,
the “Administrative Agent”). All capitalized terms used and not otherwise defined herein
shall have the same meanings as are ascribed to them in the Credit Agreement. This opinion letter
is being delivered pursuant to Section 3.01(d) of the Credit Agreement.
In rendering the opinions set forth herein, we have reviewed the Credit Agreement as well as a
copy of the Restated Certificate of Incorporation of the Borrower, as certified by the Delaware
Secretary of State on March ___, 2007 (the “Certificate of Incorporation”), the Amended and
Restated Bylaws of the Borrower (the “Bylaws”), certified copies of the resolutions of the
board of directors of the Borrower and such other documents, and have considered such matters of
law and fact, in each case as we, in our professional judgment, have deemed appropriate to render
the opinions contained herein. With respect to certain facts, we have considered it appropriate to
rely upon certificates or other comparable documents of public officials and officers or other
appropriate representatives of the Borrower.
The phrases “to our knowledge” and “known to us” mean the conscious awareness by lawyers in
the primary lawyer group of factual matters such lawyers recognize as being relevant to the opinion
or confirmation so qualified. Where any opinion or confirmation is qualified by the phrase “to our
knowledge” or “known to us,” the lawyers in the primary lawyer group are without knowledge, or
conscious awareness, that the opinion or confirmation is untrue. “Primary lawyer group” means any
lawyer in this firm (i) who signs this opinion letter, (ii) who is actively involved in negotiating
or documenting the Loan Transaction or (iii) solely as to information relevant to a particular
opinion or factual confirmation issue, who is primarily responsible for providing the response
concerning the particular opinion or issue.
Form of Opinion of Special Counsel to the Borrower
- 2 -
The opinions set forth herein are limited to matters governed by the laws of the State of
North Carolina, the federal laws of the United States and the Delaware General Corporation Law, and
no opinion is expressed herein as to the laws of any other jurisdiction. We note that the Credit
Agreement provides that it is to be governed by the laws of New York. Our opinion herein as to the
legality, validity, binding effect and enforceability of the Credit Agreement is intended to
address the legality, validity, binding effect and enforceability of the Credit Agreement were it,
notwithstanding such provision, governed by the laws of the State of North Carolina, and is not
intended to address matters of New York law. We express no opinion concerning any matter respecting
or affected by any laws other than laws that a lawyer exercising customary professional diligence
would reasonably recognize as being directly applicable to the Borrower and/or the Loan Transaction
or both.
Based upon and subject to the foregoing and the further assumptions, limitations and
qualifications hereinafter expressed, it is our opinion that:
1. The Borrower is a corporation duly incorporated, validly existing and in good standing
under the laws of the State of Delaware.
2. The Borrower has all requisite corporate power to execute, deliver and perform its
obligations and incur liabilities under the Credit Agreement.
3. The Borrower has duly authorized the execution, delivery and performance of, and the
incurrence of its obligations under, the Credit Agreement by all necessary corporate action and has
duly executed and delivered the Credit Agreement.
4. The Credit Agreement constitutes the legal, valid and binding obligation of the Borrower,
enforceable against the Borrower in accordance with its terms.
5. The execution and delivery by the Borrower of the Credit Agreement and the performance by
the Borrower of its obligations therein do not and will not (a) violate the Certificate of
Incorporation or the Bylaws of the Borrower, (b) result in a breach of, constitute a default or
require any consent under, or result in the acceleration or required prepayment of any indebtedness
or the imposition of any Lien upon any property of the Borrower pursuant to the terms of any Listed
Agreement or (c) violate the terms of any Court Order. For purposes hereof, (x) the term “Listed
Agreement” means any of those agreements to which the Borrower is a party listed on Annex A
hereto, and (y) the term “Court Order” means any judicial or administrative judgment, order, writ,
injunction, decree or arbitral decision that names the Borrower and is specifically directed to it
or its properties and that is known to us.
6. The execution and delivery by the Borrower of the Credit Agreement and performance by the
Borrower of its obligations therein do not violate applicable provisions of statutory laws, rules
or regulations.
7. No consent, approval, authorization or other action by, or filing or registration with, any
governmental or regulatory authority or agency of the United States or the State of North Carolina
is required as a condition to the effectiveness or legality of the Borrower’s
Form of Opinion of Special Counsel to the Borrower
- 3 -
execution and delivery of, and the performance of its obligations under, the Credit Agreement and
consummation of the Loan Transaction (including its incurrence of liabilities under the Credit
Agreement).
8. Assuming the Borrower uses proceeds of the Advances in the manner contemplated by Section
5.01(b) of the Credit Agreement, the execution, delivery and performance by the Borrower of the
Credit Agreement and the consummation by the Borrower of the Loan Transaction do not and will not
violate Regulations T, U or X of the Board of Governors of the Federal Reserve System, as amended.
9. The Borrower is not an “investment company”, or a Person “controlled by” an “investment
company”, as such terms are defined in the Investment Company Act of 1940, as amended.
10. To our knowledge and except as disclosed in filings of the Borrower with the Securities
and Exchange Commission, there is no action, suit or proceeding at law or in equity, or by or
before any governmental instrumentality or agency or arbitral body, now pending or overtly
threatened that names and is against the Borrower or any of its Subsidiaries or any of their
respective properties that, if adversely determined, could reasonably be expected to have a
Material Adverse Effect.
We call your attention to the fact that as a matter of customary practice, certain
assumptions underlying opinions are understood to be implicit. In addition, the opinions
expressed above are subject to the following assumptions, qualifications and limitations:
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(a) |
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This opinion is subject to the effect of applicable bankruptcy, insolvency,
reorganization, fraudulent conveyance, moratorium and similar laws affecting the
enforcement of creditors’ rights generally. |
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(b) |
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This opinion is subject to the effect of general principles of equity
(regardless of whether considered in a proceeding in equity or at law), which may,
among other things, deny rights of specific performance. |
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(c) |
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Our opinion in paragraph 4 above is also subject to the effect of general
principles of commercial reasonableness, good faith and fair dealing to the extent
required of the Administrative Agent and the Lenders by applicable law. |
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(d) |
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In rendering our opinion that the Borrower “validly existing” and “in good
standing”, we have relied solely upon a Certificate of Good Standing regarding the
Borrower from the Delaware Secretary of State dated March ___, 2007. |
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(e) |
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We express no opinion as to the enforceability of any provisions contained in
the Credit Agreement that (i) purport to excuse a party for liability for its own acts,
(ii) require waivers or amendments to be made only in writing, or (iii) purport to
effect waivers of constitutional, statutory or equitable rights or the effect of
applicable laws. |
Form of Opinion of Special Counsel to the Borrower
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(f) |
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We do not express any opinion as to the enforceability of contractual provisions
of the Credit Agreement concerning choice of law, choice of forum or consent to the
jurisdiction of courts, venue of actions or means of service of process. |
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(g) |
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We do not express any opinion as to the enforceability of provisions of the
Credit Agreement purporting to waive the right of jury trial. |
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(h) |
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We do not express any opinion as to the enforceability of provisions of
the Credit Agreement purporting to reconstitute the terms thereof as necessary to avoid
a claim or defense of usury. |
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(i) |
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We do not express any opinion as to the enforceability of provisions of
the Credit Agreement purporting to require a party thereto to pay or reimburse
attorneys’ fees incurred by another party, or to indemnify another party therefor,
which provisions may be limited by applicable statutes and decisions relating to the
collection and award of attorneys’ fees. |
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(j) |
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We do not express any opinion as to the enforceability of provisions that enumerated remedies are not exclusive or that a party has the right to pursue
multiple remedies without regard to other remedies elected or that all remedies are
cumulative. |
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(k) |
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We do not express any opinion as to the enforceability of severability provisions. |
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(l) |
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We do not express any opinion as to the enforceability of provisions
permitting the exercise, under certain circumstances, of rights without notice or
without providing opportunity to cure failures to perform. |
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(m) |
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We do not express any opinion as to the enforceability of provisions
that purport to create rights of setoff otherwise than in accordance with applicable
law. |
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(n) |
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The Credit Agreement contains a provision to the effect that no failure
on the part of any Lender or the Administrative Agent to exercise, and no delay in
exercising, and no course of dealing with respect to, any right thereunder shall
operate as a waiver thereof. The North Carolina Court of Appeals has held that when the
holder of a promissory note regularly accepts late payments, it is deemed to waive its
right to accelerate the indebtedness because of late payments until it notifies the
maker that prompt payments are again required. Driftwood Manor Investors v. City
Federal Savings & Loan Ass’n, 63 N.C. App. 459, 464, 305 S.E.2d 204, 207 (1983). |
This opinion letter is delivered solely for the benefit of the Administrative Agent and each
of the Lenders and any successor or permitted assignee of the Administrative Agent or of any Lender
in connection with the Loan Transaction and may not be used or relied upon by any other person or
for any other purpose without our prior written consent in each instance;
Form of Opinion of Special Counsel to the Borrower
- 5 -
provided, that this opinion letter may be used without our consent (i) as required by
applicable law or regulation, (ii) pursuant to judicial process or government order or requirement
and (iii) in connection with any enforcement of rights in respect of the transactions described
herein. Our opinions expressed herein are as of the date hereof, and we undertake no obligation to
advise you of any changes in applicable law or any other matters that may come to our attention
after the date hereof that may affect our opinions expressed herein.
Very truly yours,
KENNEDY COVINGTON LOBDELL & HICKMAN, L.L.P.
Form of Opinion of Special Counsel to the Borrower
ANNEX A
1. Supplemental Indenture, dated as of March 3, 1995, between the Borrower and Citibank, N.A. (as
successor to NationsBank of Georgia, National Association, the initial trustee).
2. Form of the Borrower’s 6.85% Debentures due 2007.
3. Form of the Borrower’s 7.20% Debentures due 2009.
4. Form of the Borrower’s 6.375% Debentures due 2009.
5. Form of the Borrower’s 5.00% Senior Notes due 2012.
6. Form of the Borrower’s 5.30% Senior Notes due 2015.
7. Form of the Borrower’s 5.00% Senior Notes due 2016.
8. Second Amended and Restated Promissory Note, dated as of August 25, 2005, by and between
Piedmont Coca-Cola Bottling Partnership and the Borrower.
9. Amended and Restated Guaranty Agreement, effective as of July 15, 1993, made by the Borrower and
each of the other guarantor parties thereto in favor of Trust Company Bank and Teachers Insurance
and Annuity Association of America.
10. Amended and Restated Guaranty Agreement, dated as of May 18, 2000, made by the Borrower in
favor of Wachovia Bank, N.A.
11. Guaranty Agreement, dated as of December 1, 2001, made by the Borrower in favor of Wachovia
Bank, N.A.
12. Stock Rights and Restrictions Agreement, dated January 27, 1989, by and between the
Borrower and The Coca-Cola Company.
13. Sample bottling franchise agreement, effective as of May 28, 1999, between the Borrower and The
Coca-Cola Company, as filed as Exhibit 10.2 to the Borrower’s Annual Report on Form 10-K for the
fiscal year ended December 29, 2002.
14. Lease, dated as of January 1, 1999, by and between the Borrower and Ragland Corporation.
15. First Amendment to Lease and First Amendment to Memorandum of Lease, dated as of August 30,
2002, between Ragland Corporation and the Borrower.
16. Lease Agreement, dated as of December 15, 2000, between the Borrower and Harrison Limited
Partnership One.
Form of Opinion of Special Counsel to the Borrower
- 2 -
17. Lease Agreement, dated as of December 18, 2006, between CCBCC Operations, LLC and Beacon
Investment Corporation.
18. Limited Liability Company Operating Agreement of Coca-Cola Bottlers’ Sales & Services Company,
LLC, made as of January 1, 2003, among the Borrower and other Coca-Cola Bottlers party thereto.
19. Partnership Agreement of Piedmont Coca-Cola Bottling Partnership (formerly known as Carolina
Coca-Cola Bottling Partnership), dated as of July 2, 1993, by and among Carolina Coca-Cola Bottling
Investments, Inc., Coca-Cola Ventures, Inc., Coca-Cola Bottling Co. Affiliated, Inc., Fayetteville
Coca-Cola Bottling Company and Palmetto Bottling Company.
20. First Amendment to Partnership Agreement, dated as of August 5, 1993, by and among
Carolina Coca-Cola Bottling Investments, Inc., Coca-Cola Ventures, Inc. and Palmetto Bottling
Company.
21. Second Amendment to Partnership Agreement, dated as of August 12, 1993, by and among Carolina
Coca-Cola Bottling Investments, Inc., Coca-Cola Ventures, Inc. and Palmetto Bottling Company.
22. Master Amendment to Partnership Agreement, Management Agreement and Definition and Adjustment
Agreement, dated as of January 2, 2002, by and among Piedmont Coca-Cola Bottling Partnership, CCBCC
of Wilmington, Inc., The Coca-Cola Company, Piedmont Partnership Holding Company, Coca-Cola
Ventures, Inc. and the Borrower.
23. Fourth Amendment to Partnership Agreement, dated as of March 28, 2003, by and among Piedmont
Coca-Cola Bottling Partnership, Piedmont Partnership Holding Company and Coca-Cola Ventures, Inc.
24. Amended and Restated Can Supply Agreement, dated as of February 28, 2007, between Coca-Cola
Bottlers’ Sales & Services Company, LLC, in its capacity as agent for the Borrower, and Rexam
Beverage Can Company.
Form of Opinion of Special Counsel to the Borrower
EXHIBIT D
[Form of Opinion of Special New York
Counsel to the Administrative Agent]
[ ___], 2007
To the Banks party to the
Credit
Agreement referred to
below
Citibank,
N.A., as Administrative
Agent
Two
Penns Way
New Castle, DE 19720
Ladies and Gentlemen:
We have acted as special New York counsel to Citibank, N.A. (the “Administrative
Agent”), as Administrative Agent, in connection with the Amended and Restated Credit Agreement
dated as of March 8, 2007 (the “Credit Agreement”) among Coca-Cola Bottling Co.
Consolidated (the “Borrower”), the lenders named therein and the Administrative Agent,
amending and restating the Credit Agreement dated as of April 7, 2005 (the “Existing Credit
Agreement”) among the Borrower, the lenders named therein and the Administrative Agent. Terms
defined in the Credit Agreement are used herein as defined therein. This opinion is being delivered
pursuant to Section 3.01(e) of the Credit Agreement.
In rendering the opinions expressed below, we have examined the Credit Agreement. In our
examination, we have assumed the genuineness of all signatures, the authenticity of all
documents submitted to us as originals and the conformity with authentic original documents of
all documents submitted to us as copies.
In rendering the opinions expressed below, we have assumed, with respect to the Credit
Agreement, that:
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(i) |
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the Credit Agreement has been duly authorized by, has
been duly executed and delivered by, and (except to the extent set forth in the
opinions below as to the Borrower) constitutes legal, valid, binding and
enforceable obligations of, all of the parties thereto; |
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(ii) |
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all signatories to the Credit Agreement have been duly authorized; |
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(iii) |
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all of the parties to the Credit Agreement are duly
organized and validly existing and have the power and authority (corporate or
other) to execute, deliver and perform the Credit Agreement; and |
Form of Opinion of Special New York Counsel to the Administrative Agent
- 2 -
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(iv) |
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all Persons that are, immediately before the Closing Date, parties
to the Existing Credit Agreement have executed and delivered the Credit
Agreement or have otherwise consented to the amendment and restatement of
the Existing Credit Agreement effected thereby. |
Based upon and subject to the foregoing and subject also to the comments and qualifications
set forth below, and having considered such questions of law as we have deemed necessary as a basis
for the opinions expressed below, we are of the opinion that the Credit Agreement constitutes the
legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance
with its terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or
other similar laws relating to or affecting the rights of creditors generally and except as the
enforceability of the Credit Agreement is subject to the application of general principles of
equity (regardless of whether considered in a proceeding in equity or at law), including, without
limitation, (a) the possible unavailability of specific performance, injunctive relief or any other
equitable remedy and (b) concepts of materiality, reasonableness, good faith and fair dealing.
The foregoing opinions are subject to the following comments and qualifications:
(a) The enforceability of Section 8.04(b) of the Credit Agreement may be limited by
laws limiting the enforceability of provisions exculpating or exempting a party from, or
requiring indemnification of a party for, its own action or inaction, to the extent such
action or inaction involves gross negligence, recklessness or willful or unlawful conduct.
(b) The enforceability of provisions in the Credit Agreement to the effect that terms
may not be waived or modified except in writing may be limited under certain circumstances.
(c) We express no opinion as to (i) the effect of the laws of any jurisdiction in which
any Bank is located (other than the State of New York) that limit the interest, fees or
other charges such Bank may impose, (ii) Section 2.15 of the Credit Agreement, (iii) the
second sentence of Section 8.07 of the Credit Agreement, insofar as such sentence relates to
the subject matter jurisdiction of the United States District Court for the Southern
District of New York to adjudicate any controversy related to the Credit Agreement and (iv)
the waiver of inconvenient forum set forth in Section 8.07 of the Credit Agreement with
respect to proceedings in the United States District Court for the Southern District of New
York.
The foregoing opinions are limited to matters involving the Federal laws of the United States
and the law of the State of New York, and we do not express any opinion as to the laws of any other
jurisdiction.
Form of Opinion of Special New York Counsel to the Administrative Agent
- 2 -
This opinion letter is, pursuant to Section 3.01(e) of the Credit Agreement, provided to you
by us in our capacity as special New York counsel to the Administrative Agent and may not be relied
upon by any Person for any purpose other than in connection with the transactions contemplated by
the Credit Agreement without, in each instance, our prior written consent.
Very truly yours,
WFC/RJW
Form of Opinion of Special New York Counsel to the Administrative Agent
EXHIBIT E
COMPLIANCE CERTIFICATE
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To: |
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The Banks parties to the
Credit Agreement Described Below |
This Compliance Certificate is furnished pursuant to that certain Amended and Restated Credit
Agreement dated as of March 8, 2007 (as amended, modified, renewed or extended from time to time,
the “Agreement”) among Coca-Cola Bottling Co. Consolidated, certain Banks and Citibank, N.A., as
Administrative Agent for the Lenders. Unless otherwise defined herein, capitalized terms used in
this Compliance Certificate have the meanings ascribed thereto in the Agreement.
THE UNDERSIGNED HEREBY CERTIFIES THAT:
1. I am the duly elected Chief Financial Officer of the Borrower;
2. I have reviewed the terms of the Agreement and I have made, or have caused to be made under
my supervision, a detailed review of the transactions and conditions of the Borrower and its
Subsidiaries during the accounting period covered by the attached financial statements;
3. The examinations described in paragraph 2 did not disclose, and I have no knowledge of, the
existence of any condition or event which constitutes a Default or an Event of Default during or at
the end of the accounting period covered by the attached financial statements or as of the date of
this Certificate, except as set forth below; and
4. Schedule I attached hereto sets forth financial data and computations evidencing the
Borrower’s compliance with certain covenants of the Agreement, all of which data and computations
are true, complete and correct.
Described below are the exceptions, if any, to paragraph 3 by listing, in detail, the nature
of the condition or event, the period during which it has existed and the action which the Borrower
has taken, is taking, or proposes to take with respect to each such condition or event:
The foregoing certifications, together with the computations set forth in Schedule I hereto and the
financial statements delivered with this Certificate in support hereof, are made and delivered this
___ day of , 20___.
Form of Compliance Certificate