HSBC BANK USA, NATIONAL ASSOCIATION
EXHIBIT 10.1
HSBC BANK USA, NATIONAL ASSOCIATION
000 Xxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
August 13, 2020
XXXXXX CORPORATION
00 Xxxxxxxx Xxxxxx
Xxxxxxx, Xxx Xxxx 00000
(the “Company”)
Gentleman:
Reference is made to your uncommitted discretionary demand facility as set forth in the letter dated May 1, 2020 between HSBC Bank USA, N.A (“Bank”) and Company (as supplemented and amended from time to time, the “Agreement”).
This shall confirm our mutual understanding and agreement that effective as of the date hereof, the Agreement shall be amended and restated as follows:
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The first paragraph under the heading General Terms of the Facility on page 2 of the Agreement is hereby deleted in its entirety and replaced with: |
Borrowings and any other extensions of credit and obligations under the Facility shall be cash collateralized.
Except as herby modified and amended, all terms and provision of the Agreement shall remain in full force and effect.
Please indicate Company’s acceptance of the foregoing by signing and returning the enclosed copy of this letter.
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INTERNAL
HSBC Bank USA, National Association
By: /s/ XXXXXX X. XXXXXX
Xxxxxx X. Xxxxxx
Vice President
AGREED TO AND ACCEPTED:
XXXXXX CORPORATION
By: /s/ XXXXXXX X. XXXXXX
Xxxxxxx X. Xxxxxx
Chief Financial Officer
