Common use of Ratable Reductions Clause in Contracts

Ratable Reductions. In the event that the aggregate funds required in connection with the public takeover bid (and to pay related fees and expenses and interest) are less than $450.0 million, ratable reductions shall be made in the amount of the funds to be provided by GL, PGI and ZBH described above.

Appears in 2 contracts

Sources: Acquisition Agreement (Galey & Lord Inc), Acquisition Agreement (Polymer Group Inc)