- 18 - based on the Aggregate Purchases for the twelve month period immediately preceding an anniversary of the Execution Date (the “An- nual Period”). 2.3 The Aggregate Purchases for the Annual Period shall be multiplied by four thousand three hundred sixty seven ten-thousandths percent (.4367%), and the product of such calculation shall be the amount of the Rebate payable by Wholesaler to Retailer for such Annual Pe- riod. 2.4 The amount of the Rebate shall be shown as a credit on the first statement sent by Whole- saler to Retailer following the end of the Annual Period. Notwithstanding anything to the contrary which may be contained in this Section 5, at such point, if any, that the Aggregate Purchases reach $89,250,000, no further purchases shall be consid- ered Aggregate Purchases, and no Rebate shall be due or payable with respect to any purchases which are not considered Aggregate Purchases. Whole- saler may offset against any Rebate any amounts owed to any SUPERVALU Entity by any Retailer En- tity, and Wholesaler shall discontinue paying the Rebate altogether upon any default by any Retailer Entity under this Agreement, under any Capital Commitment, or under any other agreement with, or obligation to, any SUPERVALU Entity. Wholesaler shall have no obligation whatsoever to pay any Rebate in the event any Retailer Entity commences any proceeding under any bankruptcy, reorganiza- tion or similar law, or in the event a similar proceeding is filed against any Retailer Entity. * * * * * * * 4. Agreement Continues Except as specifically amended herein, the Agree- ment continues, unmodified, in full force and effect. For the annual period ended March 9, 2002, petitioner metPage: Previous 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 Next
Last modified: May 25, 2011