MEDALLION FUNDING CORP. By /s/ Xxxxx Xxxxxxxx ------------------- Name: Xxxxx Xxxxxxxx Title: Chief Executive Officer By /s/ Xxxxx X. Xxxx ------------------ Name: Xxxxx X. Xxxx Title: Corporate Controller
MEDALLION FUNDING CORP. Medallion Business Credit LLC Taxicab Medallion Related Loans ( %*) Medallion Financial Corp.
MEDALLION FUNDING CORP. First Amendment Agreement Finance Assets or the ratio of Net Finance Assets to the sum of Senior Debt and SBA Debt being less than 1.20:1 at any time during the year 2000, but excluding any Default or Event of Default which may arise or have arisen in the event that the ratio of Forbearance Net Finance Assets to Adjusted Minimum Asset Coverage as of December 31, 2000 is less than .97:1.
MEDALLION FUNDING CORP. First Amendment Agreement The foregoing First Amendment Agreement is hereby accepted and agreed to as of the date aforesaid, and each of the undersigned hereby confirms that on March 30, 2001 it held Notes of the Company as indicated on Schedule 1 attached hereto and that on the date of actual execution hereof it continues to hold such Notes. The Travelers Insurance Company By /s/ A. Xxxxxxx Xxxxxxxx ------------------------ Name: A. Xxxxxxx Xxxxxxxx Title: Second Vice President First Citicorp Life Insurance Company By Travelers Asset Management International Company LLC By /s/ A. Xxxxxxx Xxxxxxxx ------------------------ Name: A. Xxxxxxx Xxxxxxxx Title: Second Vice President Citicorp Life Insurance Company By Travelers Asset Management International Company LLC By /s/ A. Xxxxxxx Xxxxxxxx ------------------------ Name: A. Xxxxxxx Xxxxxxxx Title: Second Vice President United of Omaha Life Insurance Company By /s/ Xxxxx X. Xxxxxxxx, Xx. --------------------------- Name: Xxxxx X. Xxxxxxxx, Xx. Title: First Vice President Companion Life Insurance Company By /s/ Xxxxx X. Xxxxxxxx, Xx. --------------------------- Name: Xxxxx X. Xxxxxxxx, Xx. Title: Assistant Treasurer Schedule 1 Principal Amount and Series of Name of Holder of Outstanding Notes Held as of Outstanding Notes March 30, 2001 The Travelers Insurance Company $10,000,000 Series A $10,000,000 Series B First Citicorp Life Insurance Company $ 1,000,000 Series A $ 1,000,000 Series B Citicorp Life Insurance Company $ 1,000,000 Series A $ 1,000,000 Series B $ 500,000 Series A $ 500,000 Series B United of Omaha Life Insurance Company $ 8,500,000 Series A $ 8,500,000 Series B Companion Life Insurance Company $ 1,500,000 Series A $ 1,500,000 Series B Schedule 1 (to First Amendment Agreement) Exhibit A (to First Amendment Agreement) "Existing Investments as of First Amendment Effective Date None Schedule C (to Note Purchase Agreement)" Exhibit B (to First Amendment Agreement) [Form of Series A Note] Medallion Funding Corp.
MEDALLION FUNDING CORP. By______________________________________ Its___________________________________ Exhibit C (to First Amendment Agreement) [Form of Series B Note]
MEDALLION FUNDING CORP. By______________________________________ Its___________________________________
MEDALLION FUNDING CORP. By: ------------------------- Name: Title: By: ------------------------- Name: Title: Agreed and accepted: TAXI MEDALLION LOAN TRUST I By: ------------------------- Name: Title: President Attachments: Schedule 1 - Loan Schedule Schedule 2 - Permitted Participation Interests Exhibit A - Form of Notice to Obligors SCHEDULE 1 LOAN SCHEDULE See Attached SCHEDULE 2 PERMITTED PARTICIPATION INTERESTS See Attached EXHIBIT A FORM OF NOTICE TO BORROWERS [Date] [Name of Borrower] [Address of Borrower, as stated in the notice section of the Medallion Loans] Re: Transfer of Rights and Interests in the loan(s) set forth below (the "Medallion Loans"), between MEDALLION FUNDING CORP., a New York corporation ("Medallion Funding") and TAXI MEDALLION LOAN TRUST I, a Delaware business trust ("Medallion Trust"). ---------------------------------------------------------------------- Dear [Name of Borrower or individual to receive notice]: This letter is to inform you that all right, title and interest in the Medallion Loans referenced below and related collateral, has been assigned and transferred to Medallion Trust. Please make amounts payable Taxi Medallion Loan Trust I and remit all payments under your Medallion Loans, to Acct. # at . -------- -------- Please be assured that your obligations under your original loan documentation otherwise remain unchanged. In connection with the foregoing assignment of rights to Medallion Trust, Medallion Funding has no further right to enter into any agreement amending, modifying or terminating the Medallion Loans. We request your acknowledgment of this assignment by date and signature where indicated. Please return the signed copy of this letter to Medallion Trust at the following address: Taxi Medallion Loan Trust I c/o Wachovia Trust Company, National Association One Xxxxxx Square, First Floor 000 Xxxx Xxxxxx Xxxxxxxxxx, Xxxxxxxx 00000 Attention: Corporate Trust Administration facsimile: (000) 000-0000 Thank you for your cooperation in this matter. Sincerely,
MEDALLION FUNDING CORP. By: ----------------------------- Name: Title: By: ----------------------------- Name: Title: Date of Notice: ____________________ EXHIBIT D ELIGIBLE MEDALLION LOAN CRITERIA Eligibility Criteria
MEDALLION FUNDING CORP. Second Amendment Agreement Re: Note Purchase Agreements dated as of June 1, 1999 and $22,500,000 7.20% Senior Secured Notes, Series A due June 1, 2004 and $22,500,000 7.20% Senior Notes, Series B due September 1, 2004 To each of the institutional investors named on Schedule 1 attached hereto (the "Holders") Ladies and Gentlemen: Reference is made to the separate Note Purchase Agreements each dated as of June 1, 1999, as amended by that certain First Amendment Agreement dated March 30, 2001 (the "Existing Note Purchase Agreements") between Medallion Funding Corp., a New York corporation (the "Company") and each of the Purchasers named on Schedule A attached thereto (the "Purchasers"), respectively, pursuant to which the Company issued and sold (i) $22,500,000 aggregate principal amount of its 7.20% Senior Secured Notes, Series A, due June 1, 2004 and (ii) $22,500,000 aggregate principal amount of its 7.20% Senior Secured Notes, Series B, due September 1, 2004, all of which are currently outstanding (collectively, the "Outstanding Notes"). The Existing Note Purchase Agreements, as amended hereby, are hereinafter referred to as the "Note Purchase Agreements."
MEDALLION FUNDING CORP. Second Amendment Agreement appreciation or depreciation on investments, of the Company for such period, which shall be an amount equal to net revenues and other proper items of income less than aggregate for the Company of any and all items that are treated as expenses under GAAP and, to the extent applicable thereto, the regulations of the SEC applicable to investment companies, after realized gains on investments have been added thereto and realized losses on investments have been subtracted therefrom and net of unrealized appreciation or depreciation on investments.
