Common use of Acquisition Facility Commitments Clause in Contracts

Acquisition Facility Commitments. If for any reason the Outstanding Amount of the Acquisition Facility Letter of Credit at any time exceeds 102.5% of the Aggregate Acquisition Facility Commitments then in effect, the Company shall, subject to the provisions of Section 2.03(g)(ii), immediately Cash Collateralize the Acquisition Facility Letter of Credit issued pursuant to Section 2.03(a)(ii) in an aggregate amount equal to the amount by which the Outstanding Amount of such Acquisition Facility Letter of Credit exceeds the Aggregate Acquisition Facility Commitments then in effect.

Appears in 2 contracts

Sources: Credit Agreement (Barr Pharmaceuticals Inc), Credit Agreement (Barr Pharmaceuticals Inc)