AMENDMENT NO. 1
TO CREDIT AGREEMENT
This Amendment No. 1 is entered into as of March 29,
1995, between TRANS LEASING INTERNATIONAL, INC., a Delaware
corporation (the "Company"), and FIRST UNION NATIONAL BANK OF
NORTH CAROLINA ("First Union"), individually and as Agent.
The parties hereto are the parties to a Credit Agreement
dated as of December 9, 1994 (the "Credit Agreement") and
desire to increase the maximum amount of loans which may be made
thereunder from $50,000,000 to $60,000,000. All capitalized
terms used herein shall have the same meanings as in the Credit
Agreement.
NOW THEREFORE, in consideration of the foregoing
premises and the agreements hereinafter set forth, and for the
good and valuable consideration the receipt and sufficiency of
which is hereby acknowledged, the parties hereto agree as follows:
1. Amendment. Section 1.1 of the Credit Agreement is
hereby amended by substituting the figure $60,000,000 for the
figure $50,000,000 in clause (b) of the definition of Revolving
Loan Commitment Amount. The signature page of the Credit Agreement
is hereby amended by substituting the figure $60,000,000 for
the figure $50,000,000 thereon.
2. No Further Amendment. Except as set forth above,
the Credit Agreement shall continue in full force and effect
without modification.
3. Effectiveness; Notes. This Amendment shall become
effective upon the execution and delivery by the Company of a
substitute promissory note reflecting this Amendment.
IN WITNESS WHEREOF, the parties have caused this
Amendment to be executed by their respective officers thereunto
duly authorized as of the date first written above.
TRANS LEASING INTERNATIONAL, INC.
By:_____________________________________
Title:___________________________________
FIRST UNION NATIONAL BANK OF NORTH
CAROLINA, individually and as Agent
By:______________________________________
Title:____________________________________
TLI10-1.CWE
