Legacy Facilities Credit Amount Letter Agreement, dated December 26, 2017, by and between the Company and The Coca-Cola Company
Exhibit 10.1
December 26, 2017
Coca-Cola Bottling Co. Consolidated
4100 Coca Cola Plaza
Charlotte, North Carolina 28211
Attention: Lawrence K. Workman, Jr.,
Vice President
Re: Legacy Facility Credit
Dear Kent:
Reference is made to that certain letter agreement, dated as of March 31, 2017 (the TSR Letter), by and between The Coca-Cola Company, a Delaware corporation (Company), and Coca-Cola Bottling Co. Consolidated, a Delaware corporation (Bottler), as amended June 22, 2017. Capitalized terms used and not otherwise defined herein have the respective meanings ascribed to them in the TSR Letter.
This letter sets forth Companys and Bottlers mutual agreement that the full amount of the Legacy Facility Credit owed to Bottler in accordance with the TSR Letter is $43,011,670.88. Company agrees to pay such amount to Bottler within five (5) Business Days following the date hereof in accordance with the wire instructions to be separately provided by Bottler. Bottler acknowledges and agrees that, upon such payment, Company will be fully released and discharged of any obligation in respect of the Legacy Facility Credit.
[Signature Page Follows]
THE COCA-COLA COMPANY | ||
By: | J. A. M. Douglas, Jr. | |
Name: | J. A. M. Douglas, Jr. | |
Title: | Authorized Representative |
Acknowledged and Agreed: | ||
COCA-COLA BOTTLING CO. CONSOLIDATED | ||
By: | /s/ James E. Harris | |
Name: | James E. Harris | |
Title: | Executive Vice President |
cc: John V. McIntosh