EXHIBIT 10.34
AMENDMENT TO
REVOLVING CREDIT AGREEMENT
Dated as of January 1, 1997
This AMENDMENT TO THE REVOLVING CREDIT AGREEMENT (this "Amendment") dated
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as of September 12, 1996 (the "Credit Agreement") by and among BANKVEST CAPITAL
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CORP., ("BankVest" or a "Borrower"), a Massachusetts corporation having its
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principal place of business at 000 Xxxxxxxx Xxxx, Xxxxxxxx, XX 00000, LEASEVEST
CAPITAL CORP., ("LeaseVest" or a "Borrower" and, together with BankVest, the
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"Borrowers"), a Massachusetts corporation having its principal place of business
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at 000 Xxxxxxxx Xxxx, Xxxxxxxx, XX 00000, and THE FIRST NATIONAL BANK OF BOSTON
(the "Bank"), a national banking association with its head office at 100 Federal
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Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000, is entered into as of the date set forth
above.
WHEREAS, the Borrowers and the Bank have agreed to modify certain terms and
conditions of the Credit Agreement, as specifically set forth in this Amendment;
NOW, THEREFORE, in consideration of the foregoing premise and for other
good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the Borrowers and the Bank hereby agree as follows:
(S)1. DEFINITIONS. Capitalized terms used herein and not otherwise
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defined herein have the meanings given to such terms in the Credit Agreement as
amended hereby.
(S)2. AMENDMENT TO SECTION 2.4 OF THE CREDIT AGREEMENT. Clause (i) of
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Section 2.4 of the Credit Agreement is hereby amended and restated in its
entirety to read as follows:
(i) each Revolving Credit Loan which is a Base Rate Loan shall bear
interest for the period commencing with the Drawdown Date thereof and ending on
the last day of the Interest Period with respect thereto at the rate of the Base
Rate,
(S)3. MISCELLANEOUS. Except as expressly set forth in this Amendment, all
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of the terms and provisions of the Revolving Credit Agreement shall remain in
full force and effect. This Amendment may be executed in counterparts and shall
be governed by and construed in accordance with the laws of the Commonwealth of
Massachusetts.
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IN WITNESS WHEREOF, the parties hereto have executed this Amendment as an
instrument under seal to be effective as of the date first above written.
BANKVEST CAPITAL CORP.
By:______________________________
Xxxx X. Xxxxxx
Executive Vice President
LEASEVEST CAPITAL CORP.
By:______________________________
Xxxx X. Xxxxxx
Executive Vice President
THE FIRST NATIONAL BANK OF BOSTON
By:______________________________
Name:_________________________
Title:________________________
