Exhibit 10.17
EXECUTION COPY
EIGHTH AMENDMENT TO RECEIVABLES PURCHASE AGREEMENT
THIS EIGHTH AMENDMENT TO RECEIVABLES PURCHASE AGREEMENT, dated as of
December 18, 2008 (this “Amendment”) is entered into among AMERISOURCE
RECEIVABLES FINANCIAL CORPORATION, a Delaware corporation (in such capacity, the
“Seller”), AMERISOURCEBERGEN DRUG CORPORATION, a Delaware corporation, as the
initial Servicer (in such capacity, the “Servicer”), the PURCHASER AGENTS and
PURCHASERS listed on the signature pages hereto and BANK OF AMERICA, NATIONAL
ASSOCIATION (“Bank of America”), a national banking association, as
administrator (in such capacity, the “Administrator”).
R E C I T A L S
A. The Seller, Servicer, the Purchaser Groups and the Administrator are parties
to that certain Receivables Purchase Agreement, dated as of July 10, 2003 (as
amended, supplemented or otherwise modified from time to time, the “Agreement”
or the “Receivables Purchase Agreement”).
B. The parties hereto desire to enter into this Amendment to amend the Agreement
as provided herein.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties agree as follows:
1. Certain Defined Terms. Capitalized terms used but not defined herein shall
have the meanings set forth for such terms in Exhibit I to the Agreement.
2. Amendments to the Agreement. The Agreement is hereby amended as follows:
(a) Clause (X) of Section 1.1(b) of the Agreement is hereby amended and restated
in its entirety as follows:
upon at least 10 Business Days’ prior written notice in substantially the form
of Exhibit XVIII hereto (a “Purchase Limit Increase Request”) to the
Administrator and each Purchaser Agent, request that each Purchaser Group
increase its respective existing Group Commitment; provided that:
(i) such requested increase shall be in an amount not less than $50,000,000 in
the aggregate and the Purchase Limit after giving effect to such increases shall
not exceed the sum of (A) the Non-Accordion Purchase Limit and (B) $250,000,000
without the prior written consent of all Purchaser Agents,
(ii) each Purchaser Agent (on behalf of the related Purchaser Group) shall, in
its sole discretion, make a determination whether or not to grant any request to
increase its Purchaser Group’s Group Commitment under this clause (b) and shall
notify the Seller and the Administrator in writing of such determination within
ten (10) Business Days of receipt of a Purchase Limit Increase Request; provided
that if any Purchaser Agent fails to so notify the Seller or the Administrator,
the applicable Purchasers shall be deemed to have refused to consent to such
Purchase Limit Increase Request,

 

 

--------------------------------------------------------------------------------

 

(iii) the Seller’s request for the increases in the respective Group Commitments
of the Purchaser Groups shall be ratable with respect to each such Purchaser
Group (according to the then existing Group Commitments of all such Purchaser
Groups), and if Purchaser Groups holding less than 100% of the aggregate Group
Commitments of all Purchaser Groups consent to such increase in their respective
Group Commitment, the Seller may request increases in the Group Commitments of
the Purchaser Groups who have consented (any such Purchaser Group, an
“Increasing Purchaser Group”) (by written notice to the Purchaser Agents for the
Increasing Purchaser Groups), on a ratable basis (based on the then existing
Group Commitments of all such Increasing Purchaser Groups), unless otherwise
consented to in writing by all the Purchaser Agents for such Increasing
Purchaser Groups and at the sole discretion of the Purchaser Agents for each
such Increasing Purchaser Group,
(iv) notwithstanding anything herein to the contrary, (A) to the extent the
Aggregate Invested Amount is at any time equal to or less than the Non-Accordion
Purchase Limit, all Incremental Purchases shall be made during such time ratably
according to each Purchaser’s Ratable Share of the Non-Accordion Purchase Limit
prior to giving effect to any increases under this clause (b) and (B) so long as
the Aggregate Invested Amount is greater than the Non-Accordion Purchase Limit,
all Incremental Purchases with respect to the Accordion Purchase Limit shall be
made ratably according to each Purchaser’s Accordion Ratable Share of the
Accordion Purchase Limit,
(v) on the first day of the second calendar quarter of each year, (A) the
Purchase Limit, if greater than the Non-Accordion Purchase Limit on the last day
of the immediately preceding calendar quarter, shall automatically be reduced to
the Non-Accordion Purchase Limit and each Purchaser Group’s Group Commitment
will revert to the amount shown on its signature page herein and (B) if the
aggregate Accordion Invested Amount is greater than zero after giving effect to
such automatic reduction pursuant to this sub-clause (v), the Seller shall pay
to each Purchaser Agent for the benefit of the related Purchasers in the
Increasing Purchaser Groups immediately an amount to be applied to reduce such
Purchaser’s Accordion Invested Amount (ratably, according to each Purchaser’s
Accordion Invested Amount), such that after giving effect to such payment, the
aggregate Accordion Invested Amount is equal to zero, and
(vi) the Seller shall (and shall cause the Servicer to) deliver all documents,
instruments, reports, opinions and agreements as the Administrator and any
Purchaser Agent may reasonably request in connection with making a determination
as to whether or not to grant any request under this clause (b), including, on
or prior to the effectiveness of any increase pursuant to this clause (b), a
confirmation regarding such increase for each Increasing Purchaser Group,
substantially in the form of Exhibit XX hereto (an “Accordion Confirmation”) and
executed by the Seller, the Servicer, the Administrator and the Purchaser Agent
for each such Increasing Purchaser Group, an executed copy of which shall be
circulated to each Purchaser Agent by the Administrator, or

 

2

--------------------------------------------------------------------------------

 

(b) Sub-clause fourth of clause (b) of Section 2.2 of the Agreement is hereby
amended and restated in its entirety as follows:
fourth, if required under Section 1.1( b)(v)(B), 1.3 or 1.4, first, to the
reduction of the aggregate Accordion Invested Amount (ratably according to each
Purchaser’s Accordion Invested Amount until such amount is reduced to zero) and
second, to the ratable reduction of the Aggregate Invested Amount (in each case,
after giving effect to the amounts, if any, distributed pursuant to clause third
above),
(c) Exhibit I to the Agreement is hereby amended by inserting, in the
appropriate alphabetical order, the following new definitions:
“Accordion Confirmation” has the meaning set forth in Section 1.1(b)(vi).
“Accordion Group Commitment” means with respect to any Purchaser Group, the
aggregate amount of any increase in such Purchaser Group’s Group Commitment
pursuant to Section 1.1(b) consented to by the Purchaser Agent on behalf of the
Purchasers in such Purchaser Group.
“Accordion Purchase Limit” means the aggregate of the amount of any increase to
the Purchase Limit pursuant to Section 1.1(b) consented to by the Increasing
Purchaser Groups; provided, that the Accordion Purchase Limit shall in no event
exceed $250,000,000 without the consent of all Purchaser Agents.
“Accordion Ratable Share” means, for each Purchaser Group (other than those
comprised of Exiting Purchasers), such Purchaser Group’s Accordion Group
Commitment divided by the aggregate Accordion Group Commitments of all Purchaser
Groups (other than those comprised of Exiting Purchasers).
(d) The definition of “Accordion Invested Amount” set forth in Exhibit I to the
Agreement is hereby amended and restated in its entirety as follows:
“Accordion Invested Amount” means, with respect to any Purchaser and its related
Invested Amount, the portion, if any, of such Invested Amount being funded or
maintained by such Purchaser under its Purchaser Group’s Accordion Group
Commitment.

 

3

--------------------------------------------------------------------------------

 

(e) The definition of “Ratable Share” set forth in Exhibit I to the Agreement is
hereby amended and restated in its entirety as follows:
“Ratable Share” means, for each Purchaser Group (other than those comprised of
Exiting Purchasers), such Purchaser Group’s Group Commitments (excluding any
Accordion Group Commitment) divided by the aggregate Group Commitments
(excluding any Accordion Group Commitments) of all Purchaser Groups (other than
those comprised of Exiting Purchasers).
(f) Exhibit II to the Agreement is hereby amended and restated in its entirety
as Exhibit II attached hereto.
(g) Exhibit XV to the Agreement is hereby amended and restated in its entirety
as Exhibit XV attached hereto.
(h) The Agreement is hereby amended by inserting a new Exhibit XX as Exhibit XX
attached hereto.
(i) Solely with respect to the Accordion Period in effect during the first
calendar quarter of 2009, such Accordion Period shall end no later than
March 30, 2009 and, notwithstanding clause (v) of Section 1.1(b) of the
Agreement (after giving effect to the amendment contemplated above), any
reductions required under such clause (v) shall instead occur on the last day of
the first calendar quarter of 2009.
3. Accordion Confirmation. Each of the parties hereto hereby agrees that the
Accordion Confirmation attached as Schedule I hereto shall constitute an
Accordion Confirmation, and satisfy the requirements for an Accordion
Confirmation under Section 1.1(b)(X)(vi)(b) of the Agreement (as amended hereby)
for the accordion increase scheduled to be effective January 2, 2009; provided,
that, the Administrator or any Purchaser Agent may require an updated Accordion
Confirmation to be executed on or prior to January 2, 2009 to the extent that
there have been any intervening changes to the Purchase Limit, Accordion Group
Commitments or the like.
4. Representations and Warranties; Covenants. Each of the Seller and the
Servicer (on behalf of the Seller) hereby certifies, represents and warrants to
the Administrator, each Purchaser Agent and each Purchaser that on and as of the
date hereof:
(i) each of its representations and warranties contained in Article V of the
Agreement is true and correct, in all material respects, as if made on and as of
the Effective Date;
(ii) no event has occurred and is continuing, or would result from this
Amendment or any of the transactions contemplated herein, that constitutes an
Amortization Event or Unmatured Amortization Event; and
(iii) the Facility Termination Date for all Purchaser Groups has not occurred.

 

4

--------------------------------------------------------------------------------

 

5. Effect of Amendment. Except as expressly amended and modified by this
Amendment, all provisions of the Agreement shall remain in full force and
effect. After this Amendment becomes effective, all references in each of the
Agreements to “this Agreement”, “hereof”, “herein”, or words of similar effect
referring to such Agreement shall be deemed to be references to the Agreement,
as amended by this Amendment. This Amendment shall not be deemed to expressly or
impliedly waive, amend or supplement any provision of the Agreement (or any
related document or agreement) other than as set forth herein.
6. Effectiveness. This Amendment shall become effective on the date hereof (the
“Effective Date” upon satisfaction of each of the following conditions:
(a) receipt by the Administrator of counterparts of this Amendment executed by
each of the parties hereto, in form and substance satisfactory to the
Administrator; and
(b) receipt by the Administrator of such other agreements, documents, opinions
and instruments as the Administrator may request.
7. Counterparts. This Amendment may be executed in any number of counterparts
and by different parties on separate counterparts, and each counterpart shall be
deemed to be an original, and all such counterparts shall together constitute
but one and the same instrument. Counterparts of this Amendment may be delivered
by facsimile transmission or other electronic transmission, and such
counterparts shall be as effective as if original counterparts had been
physically delivered, and thereafter shall be binding on the parties hereto and
their respective successors and assigns.
8. Governing Law. This Amendment shall be governed by, and construed in
accordance with the law of the State of New York without regard to any otherwise
applicable principles of conflicts of law (other than Sections 5-1401 and 5-1402
of the New York General Obligations Law).
9. Section Headings. The various headings of this Amendment are inserted for
convenience only and shall not affect the meaning or interpretation of this
Amendment, the Agreement or any other Transaction Document or any provision
hereof or thereof.
[signature pages begin on next page]

 

5

--------------------------------------------------------------------------------

 

IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by
their respective officers thereunto duly authorized, as of the date first above
written.

                      AMERISOURCE RECEIVABLES FINANCIAL CORPORATION, as Seller  
 
 
               
 
  By:   /s/                      
 
      Name:        
 
               
 
      Title:        
 
               
 
                    AMERISOURCEBERGEN DRUG CORPORATION, as initial Servicer    
 
               
 
  By:   /s/                      
 
      Name:        
 
               
 
      Title:        
 
               

Eighth Amendment to RPA
(ARFC)

 

S-1

--------------------------------------------------------------------------------

 

                      BANK OF AMERICA, NATIONAL ASSOCIATION, as Administrator  
 
 
               
 
  By:   /s/                      
 
      Name:        
 
               
 
      Title:        
 
               
 
                    YC SUSI TRUST, as a Conduit Purchaser
 
                    By:   Bank of America, National Association, as
administrative trustee    
 
               
 
  By:   /s/                      
 
      Name:        
 
               
 
      Title:        
 
               
 
                    BANK OF AMERICA, NATIONAL ASSOCIATION, as Purchaser Agent
and Related Committed Purchaser for YC SUSI Trust    
 
               
 
  By:   /s/                      
 
      Name:        
 
               
 
      Title:        
 
               

Eighth Amendment to RPA
(ARFC)

 

S-2

--------------------------------------------------------------------------------

 

                      VARIABLE FUNDING CAPITAL COMPANY LLC, as a Conduit
Purchaser    
 
                    BY:   WACHOVIA CAPITAL MARKETS, LLC,
its attorney-in-fact    
 
               
 
  By:   /s/                      
 
      Name:        
 
               
 
      Title:        
 
               
 
                    WACHOVIA BANK, NATIONAL ASSOCIATION, as Purchaser Agent and
Related Committed Purchaser for Variable Funding Capital Company LLC    
 
               
 
  By:   /s/                      
 
      Name:        
 
               
 
      Title:        
 
               

Eighth Amendment to RPA
(ARFC)

 

S-3

--------------------------------------------------------------------------------

 

                      LIBERTY STREET FUNDING LLC, as a Conduit Purchaser    
 
               
 
  By:   /s/                      
 
      Name:        
 
               
 
      Title:        
 
               
 
                    THE BANK OF NOVA SCOTIA, as Purchaser Agent and Related
Committed Purchaser for Liberty Street Funding Corp.    
 
               
 
  By:   /s/                      
 
      Name:        
 
               
 
      Title:        
 
               

Eighth Amendment to RPA
(ARFC)

 

S-4

--------------------------------------------------------------------------------

 

                      MARKET STREET FUNDING LLC, as a Conduit Purchaser    
 
               
 
  By:   /s/                      
 
      Name:        
 
               
 
      Title:        
 
               
 
                    PNC BANK, NATIONAL ASSOCIATION, as Purchaser Agent and
Related Committed Purchaser for Market Street Funding LLC    
 
               
 
  By:   /s/                      
 
      Name:        
 
               
 
      Title:        
 
               

Eighth Amendment to RPA
(ARFC)

 

S-5

--------------------------------------------------------------------------------

 

                      MANHATTAN ASSET FUNDING COMPANY LLC, as a Conduit
Purchaser    
 
                    By:   MAF Receivables, Corp., its Sole Member    
 
               
 
  By:   /s/                      
 
      Name:        
 
               
 
      Title:        
 
               
 
                    SUMITOMO MITSUI BANKING CORPORATION, as Related Committed
Purchaser for Manhattan Asset Funding Company LLC    
 
  By:   /s/                      
 
      Name:        
 
               
 
      Title:        
 
               
 
                    SMBC SECURITIES, INC., as Purchaser Agent for Manhattan
Asset Funding Company LLC and Sumitomo Mitsui Banking Corporation    
 
               
 
  By:   /s/                       
 
      Name:        
 
               
 
      Title:        
 
               

Eighth Amendment to RPA
(ARFC)

 

S-6

--------------------------------------------------------------------------------

 

                      VICTORY RECEIVABLES CORPORATION, as a Conduit Purchaser  
 
 
               
 
  By:   /s/                      
 
      Name:        
 
               
 
      Title:        
 
               
 
                    THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH, as
Purchaser Agent for Victory Receivables Corporation    
 
               
 
  By:   /s/                      
 
      Name:        
 
               
 
      Title:        
 
               
 
                    THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH, as
Related Committed Purchaser for Victory Receivables Corporation    
 
               
 
  By:   /s/                      
 
      Name:        
 
               
 
      Title:        
 
               

Eighth Amendment to RPA
(ARFC)

 

S-7

--------------------------------------------------------------------------------

 

                      WORKING CAPITAL MANAGEMENT CO., LP, as Conduit Purchaser
and as Related Committed Purchaser for Working Capital Management Co., LP    
 
               
 
  By:   /s/                      
 
      Name:        
 
               
 
      Title:        
 
               
 
                    MIZUHO CORPORATE BANK, LTD., as Purchaser Agent for Working
Capital Management Co., LP    
 
               
 
  By:   /s/                      
 
      Name:        
 
               
 
      Title:        
 
               

Eighth Amendment to RPA
(ARFC)

 

S-8

--------------------------------------------------------------------------------

 

                      RELATIONSHIP FUNDING COMPANY, LLC, as a Conduit Purchaser
   
 
               
 
  By:   /s/                      
 
      Name:        
 
               
 
      Title:        
 
               
 
                    FIFTH THIRD BANK, as Purchaser Agent and Related Committed
Purchaser for Relationship Funding Company, LLC    
 
               
 
  By:   /s/                      
 
      Name:   Andrew D. Jones    
 
      Title:   Assistant Vice President    

Eighth Amendment to RPA
(ARFC)

 

S-9

--------------------------------------------------------------------------------

 

SCHEDULE I
ACCORDION CONFIRMATION
This Schedule I constitutes an Accordion Confirmation pursuant to Section 1.1(b)
of the Receivables Purchase Agreement. This Accordion Confirmation sets forth
the Accordion Group Commitments as consented to by such Purchaser Group’s
Purchaser Agent for the Accordion Period beginning on January 2, 2009 and ending
on March 30, 2009, and the resulting changes in the Purchase Limit and Group
Commitments for such period.
Eighth Amendment to RPA
(ARFC)

 

I-1

--------------------------------------------------------------------------------

 

(a) Group Commitments

                              Non-Accordion     Accordion             Group    
Group     Group   Purchaser Group   Commitment     Commitment     Commitment  
Variable Funding Capital Company LLC
  $ 143,750,000     $ 36,858,974     $ 180,608,974  
YC SUSI Trust
  $ 175,000,000     $ 44,871,795     $ 219,871,795  
Liberty Street Funding Corp.
  $ 175,000,000     $ 0     $ 175,000,000  
Market Street Funding LLC
  $ 56,250,000     $ 0     $ 56,250,000  
Manhattan Asset Funding Company
  $ 50,000,000     $ 0     $ 50,000,000  
Victory Receivables Corporation
  $ 175,000,000     $ 44,871,795     $ 219,871,795  
Working Capital Management Co., LP
  $ 100,000,000     $ 25,641,026     $ 125,641,026  
Relationship Funding Company, LLC
  $ 100,000,000     $ 0     $ 100,000,000  

(b) Ratable Share and Accordion Ratable Share of Each Purchaser Group, expressed
as a percentage:

                              Accordion Ratable   Purchaser Group   Ratable
Share     Share  
Variable Funding Capital Company LLC
    14.74 %     24.21 %
YC SUSI Trust
    17.95 %     29.47 %
Liberty Street Funding Corp.
    17.95 %     0 %
Market Street Funding LLC
    5.77 %     0 %
Manhattan Asset Funding Company
    5.13 %     0 %
Victory Receivables Corporation
    17.95 %     29.47 %
Working Capital Management Co., LP
    10.26 %     16.84 %
Relationship Funding Company, LLC
    10.26 %     0 %

Eighth Amendment to RPA
(ARFC)

 

S-2

--------------------------------------------------------------------------------

 

(c) Purchase Limit: $1,127,243,590
(i) Non-Accordion Purchase Limit: $975,000,000
(ii) Accordion Purchase Limit: $152,243,590
Seller hereby represents and warrants as of the hereof, and as of the date of
this increase, as follows:
(i) the representations and warranties contained in Section V of the Receivables
Purchase Agreement are correct in all material respects on and as of such dates
as though made on and as of such dates and shall be deemed to have been made on
such dates; and
(ii) no event has occurred and is continuing, or would result from the increase
proposed hereby, that constitutes an Amortization Event or an Unmatured
Amortization Event.
Eighth Amendment to RPA
(ARFC)

 

S-3

--------------------------------------------------------------------------------

 

EXHIBIT II

FORM OF PURCHASE NOTICE
 
Amerisource Receivables Financial Corporation
PURCHASE NOTICE
dated                     , 20__
for Purchase on                     , 20__
Bank of America, National Association, as Administrator
214 North Tryon Street, 19th Floor
NC1-027-19-01
Charlotte, North Carolina 28255
Attention: ABCP Conduit Group
Telephone: (704) 386-7922
Facsimile: (704) 388-9169
[Address to each Purchaser Agent]
Ladies and Gentlemen:
Reference is made to the Receivables Purchase Agreement dated as of July 10,
2003 (as amended, supplemented or otherwise modified from time to time, the
“Agreement”) among Amerisource Receivables Financial Corporation (the “Seller”),
AmerisourceBergen Drug Corporation, as initial Servicer, the various Purchaser
Groups from time to time party thereto, and Bank of America, National
Association, as Administrator. Capitalized terms defined in the Agreement are
used herein with the same meanings.
1. The [Servicer, on behalf of the] Seller hereby certifies, represents and
warrants to the Administrator, each Purchaser Agent and each Purchaser that on
and as of the Purchase Date (as hereinafter defined):
(a) all applicable conditions precedent set forth in Article VI of the Agreement
have been satisfied;
(b) each of its representations and warranties contained in Article V of the
Agreement will be true and correct, in all material respects, as if made on and
as of the Purchase Date;
(c) no event will have occurred and is continuing, or would result from the
requested Purchase, that constitutes an Amortization Event or Unmatured
Amortization Event;
(d) the applicable Facility Termination Date has not occurred; and

 

II-1

--------------------------------------------------------------------------------

 

(e) after giving effect to the Purchase requested below, (i) no Related
Committed Purchaser’s aggregate Invested Amount shall exceed its Available
Commitment, (ii) no Purchaser Group’s Group Invested Amount shall exceed its
Group Commitment, and (iii) the aggregate of the Receivable Interests shall not
exceed 100%.
2. The [Servicer, on behalf of the] Seller hereby requests that the Purchasers
make a Purchase on                     , 20_____ (the “Purchase Date”) as
follows:

                      (a)   Purchase Price: $                        
 
               
 
  (b)   (X)   Ratable Share1:    
 
               
 
      (i)   Variable Funding Capital Company LLC’s Purchaser Group:  
$                    
 
               
 
      (ii)   YC SUSI Trust’s Purchaser Group:   $                    
 
               
 
      (iii)   Liberty Street Funding Corp.’s Purchaser Group:  
$                    
 
               
 
      (iv)   Market Street Funding Corporation’s Purchaser Group:  
$                    
 
               
 
      (v)   Manhattan Asset Funding Company LLC’s Purchaser Group:  
$                    
 
               
 
      (vi)   Victory Receivables Corporation’s Purchaser Group:  
$                    
 
               
 
      (vii)   Working Capital Management Co., LP’s Purchaser Group:  
$                    
 
               
 
      (viii)   Relationship Funding Company, LLC’s Purchaser Group:  
$                    

 

      1  
For Purchases based on the Ratable Share.

 

II-2

--------------------------------------------------------------------------------

 

                 
 
      (Y)   Accordion Ratable Share2:    
 
               
 
      (i)   Variable Funding Capital Company LLC’s Purchaser Group:  
$                    
 
               
 
      (ii)   YC SUSI Trust’s Purchaser Group:   $                    
 
               
 
      (iii)   Liberty Street Funding Corp.’s Purchaser Group:  
$                    
 
               
 
      (iv)   Market Street Funding Corporation’s Purchaser Group:  
$                    
 
               
 
      (v)   Manhattan Asset Funding Company LLC’s Purchaser Group:  
$                    
 
               
 
      (vi)   Victory Receivables Corporation’s Purchaser Group:  
$                    
 
               
 
      (vii)   Working Capital Management Co., LP’s Purchaser Group:  
$                    
 
               
 
      (viii)   Relationship Funding Company, LLC’s Purchaser Group:  
$                    

(c) If the Purchase is funded with a Bank Rate Funding, [Servicer on behalf of
the] Seller requests that the Invested Amount (which will initially accrue Yield
at the Alternate Base Rate) begin to accrued Yield at a LIBO Rate for an
Interest Period of  _____  months on the third Business Day after the Purchase
Date).
3. Please disburse the proceeds of the Purchase as follows:
[Apply $  _____  to payment of Aggregate Unpaids due on the Purchase Date].
[Wire transfer $  _____  to the Facility Account.]
 

      2  
For Purchases based on the Accordion Ratable Share.

 

II-3

--------------------------------------------------------------------------------

 

IN WITNESS WHEREOF, the Servicer, on behalf of the Seller has caused this
Purchase Request to be executed and delivered as of this  _____  day of  _____,
 _____.

            [AmerisourceBergen Drug Corporation, as Servicer, on behalf of:]
Amerisource Receivables Financial Corporation, as Seller       By:          
Name:           Title:      

 

II-4

--------------------------------------------------------------------------------

 

EXHIBIT XV

FORM OF REDUCTION NOTICE
                    , _____
Bank of America, National Association, as Administrator
214 North Tryon Street, 19th Floor
NC1-027-19-01
Charlotte, North Carolina 28255
Attention: ABCP Conduit Group
Telephone: (704) 386-7922
Facsimile: (704) 388-9169
[Address to each Purchaser Agent]
Ladies and Gentlemen:
Reference is hereby made to the Receivables Purchase Agreement, dated as of
July 10, 2003 (as amended, supplemented or otherwise modified, the “Receivables
Purchase Agreement”), among Amerisource Receivables Financial Corporation, as
Seller, AmerisourceBergen Drug Corporation, as Servicer, the various purchaser
groups from time to time party thereto, and Bank of America, National
Association, as Administrator. Capitalized terms used in this Reduction Notice
and not otherwise defined herein shall have the meanings assigned thereto in the
Receivables Purchase Agreement.
This letter constitutes a Reduction Notice pursuant to Section 1.3 of the
Receivables Purchase Agreement. The Seller desires to reduce the Aggregate
Invested Amount on  _____, _____3 by the application of cash to pay Aggregate
Invested Amount and Yield to accrue (until such cash can be used to pay
commercial paper notes) with respect to such Aggregate Invested Amount, together
with all costs related to such reduction of Aggregate Invested Amount, as
follows:

                      (a)   Reduction Amount: $_____________    
 
               
 
  (b)   (X)   Ratable Share4:    
 
               
 
      (i)   Variable Funding Capital Company LLC’s Purchaser Group:  
$                    
 
               
 
      (ii)   YC SUSI Trust’s Purchaser Group:   $                    

 

      3  
Notice must be given at least one Business Day prior to the requested reduction
date.
  4  
For reductions based on the Ratable Share.

 

XV-1

--------------------------------------------------------------------------------

 

                 
 
      (iii)   Liberty Street Funding Corp.’s Purchaser Group:  
$                    
 
               
 
      (iv)   Market Street Funding Corporation’s Purchaser Group:  
$                    
 
               
 
      (v)   Manhattan Asset Funding Company LLC’s Purchaser Group:  
$                    
 
               
 
      (vi)   Victory Receivables Corporation’s Purchaser Group:  
$                    
 
               
 
      (vii)   Working Capital Management Co., LP’s Purchaser Group:  
$                    
 
               
 
      (viii)   Relationship Funding Company, LLC’s Purchaser Group:  
$                    
 
                    (X)   Accordion Ratable Share5:    
 
               
 
      (i)   Variable Funding Capital Company LLC’s Purchaser Group:  
$                    
 
               
 
      (ii)   YC SUSI Trust’s Purchaser Group:   $                    
 
               
 
      (iii)   Liberty Street Funding Corp.’s Purchaser Group:  
$                    
 
               
 
      (iv)   Market Street Funding Corporation’s Purchaser Group:  
$                    
 
               
 
      (v)   Manhattan Asset Funding Company LLC’s Purchaser Group:  
$                    
 
               
 
      (vi)   Victory Receivables Corporation’s Purchaser Group:  
$                    
 
               
 
      (vii)   Working Capital Management Co., LP’s Purchaser Group:  
$                    
 
               
 
      (viii)   Relationship Funding Company, LLC’s Purchaser Group:  
$                    

 

      5  
For reductions based on the Accordion Ratable Share.

 

XV-2

--------------------------------------------------------------------------------

 

IN WITNESS WHEREOF, the undersigned has caused this Reduction Notice to be
executed by its duly authorized officer as of the date first above written.

            AMERISOURCE RECEIVABLES FINANCIAL CORPORATION
      By:           Name:           Title:      

 

XV-3

--------------------------------------------------------------------------------

 

EXHIBIT XX
FORM OF ACCORDION CONFIRMATION
                    , _____
Bank of America, National Association, as Administrator
214 North Tryon Street, 19th Floor
NC1-027-19-01
Charlotte, North Carolina 28255
Attention: ABCP Conduit Group
Telephone: (704) 386-7922
Facsimile: (704) 388-9169
[Address to each Purchaser Agent]
Ladies and Gentlemen:
Reference is hereby made to the Receivables Purchase Agreement, dated as of
July 10, 2003 (as heretofore amended or supplemented, the “Receivables Purchase
Agreement”), among Amerisource Receivables Finance Corporation, as Seller,
AmerisourceBergen Drug Corporation, as Servicer, the various purchaser groups
from time to time party thereto, and Bank of America, National Association, as
Administrator. Capitalized terms used in this Accordion Confirmation and not
otherwise defined herein shall have the meanings assigned thereto in the
Receivables Purchase Agreement.
This letter constitutes an Accordion Confirmation pursuant to Section 1.1(b) of
the Receivables Purchase Agreement. This Accordion Confirmation sets forth the
Accordion Group Commitments as consented to by such Purchaser Group’s Purchaser
Agent for the Accordion Period beginning on  _____ and ending on  _____, and the
resulting changes in the Purchase Limit and Group Commitments for such period.

 

XX-1

--------------------------------------------------------------------------------

 

(a) Group Commitments

                              Non-Accordion     Accordion             Group    
Group     Group   Purchaser Group   Commitment     Commitment     Commitment  
Variable Funding Capital Company LLC
  $       $            
YC SUSI Trust
  $       $            
Liberty Street Funding Corp.
  $       $            
Market Street Funding LLC
  $       $            
Manhattan Asset Funding Company
  $       $            
Victory Receivables Corporation
  $       $            
Working Capital Management Co., LP
  $       $            
Relationship Funding Company, LLC
  $       $            

(b) Ratable Share and Accordion Ratable Share of Each Purchaser Group, expressed
as a percentage:

                              Accordion Ratable   Purchaser Group   Ratable
Share     Share  
Variable Funding Capital Company LLC
               
YC SUSI Trust
               
Liberty Street Funding Corp.
               
Market Street Funding LLC
               
Manhattan Asset Funding Company
               
Victory Receivables Corporation
               
Working Capital Management Co., LP
               
Relationship Funding Company, LLC
               

 

XX-2

--------------------------------------------------------------------------------

 

(c) Purchase Limit: $__________________
(i) Non-Accordion Purchase Limit: $_____ 
(ii) Accordion Purchase Limit: $_____ 
Seller hereby represents and warrants as of the date hereof, and as of the date
of this increase, as follows:
(i) the representations and warranties contained in Section V of the Receivables
Purchase Agreement are correct in all material respects on and as of such dates
as though made on and as of such dates and shall be deemed to have been made on
such dates; and
(ii) no event has occurred and is continuing, or would result from the increase
proposed hereby, that constitutes an Amortization Event or an Unmatured
Amortization Event.

 

XX-3

--------------------------------------------------------------------------------

 

IN WITNESS WHEREOF, the undersigned has caused this Accordion Confirmation to be
executed by its duly authorized officer as of the date first above written.

            AMERISOURCE RECEIVABLES FINANCIAL CORPORATION, as Seller
      By:           Name:           Title:           AMERISOURCEBERGEN DRUG
CORPORATION, as initial Servicer
      By:           Name:           Title:      

Eighth Amendment to RPA
(ARFC)

 

IV-1

--------------------------------------------------------------------------------

 

            BANK OF AMERICA, NATIONAL ASSOCIATION, as Administrator
      By:           Name:           Title:      

 

XX-2

--------------------------------------------------------------------------------

 

            [PURCHASER AGENT FOR INCREASING PURCHASER GROUP]
      By:           Name:           Title:      

 

XX-3