FOURTH AMENDMENT TO CREDIT AGREEMENTCredit Agreement • October 5th, 2005 • Akorn Inc • Pharmaceutical preparations
The Applicable Margins shall be adjusted based on the Level corresponding to the Senior Debt to EBITDA Ratio reported for each Fiscal Quarter, to the extent applicable, on the fifth (5th) Business Day after the Companies provide or are required to provide a Compliance Certificate pursuant to Section 10.1.3. Notwithstanding anything contained in this paragraph to the contrary, (a) if the Companies fail to deliver such Compliance Certificate in accordance with the provisions of Section 10.1.3, the Applicable Margins shall be based upon Level I above beginning on the date such Compliance Certificate was required to be delivered until the fifth (5th) Business Day after such Compliance Certificate is actually delivered, whereupon the Applicable Margins shall be determined by the then current Level; (b) no reduction to any Applicable Margin shall become effective at any time when an Event of Default or Unmatured Event of Default has occurred and is continuing; and (c) the initial Applicable
MASTER LETTER OF CREDIT AGREEMENTLetter of Credit Agreement • October 5th, 2005 • Akorn Inc • Pharmaceutical preparations • Illinois
THIS MASTER LETTER OF CREDIT AGREEMENT (this “Agreement”) is issued by the undersigned applicant (the “Applicant”) in favor of LaSalle Bank National Association (together with its affiliates as set forth in Section 11.8, the “Bank”).
