Senior Credit Facilities Commitment LetterWatson Pharmaceuticals Inc • March 14th, 2006 • Pharmaceutical preparations • New York
This commitment letter agreement (together with all exhibits and schedules hereto, the “Commitment Letter”) will confirm the understanding and agreement among Canadian Imperial Bank of Commerce, acting through its New York Agency, (“CIBC”), CIBC World Markets Corp. (“CIBC WM” and, together with CIBC, the “Commitment Parties”) and Watson Pharmaceuticals, Inc., a Nevada corporation (together with each of its subsidiaries, the “Borrower”), in connection with the proposed financing for the acquisition (the “Acquisition”) of Andrx Corporation, a Delaware corporation (the “Target” and, together with each of its subsidiaries and assets, the “Acquired Business”) in a merger of the Target with a wholly-owned subsidiary of the Borrower pursuant to an agreement and plan of merger (the “Merger Agreement”). The Acquisition and the transactions related thereto, including the related financing thereof, are herein referred to as the “Transactions.” Capitalized terms used but not defined herein shall h
