EXHIBIT 10.31
AMENDMENT TO
REVOLVING CREDIT AND TERM LOAN
AND SECURITY AGREEMENT
This Amendment is entered into as of October 1, 1996,
between TL LEASE FUNDING CORP. IV, a Delaware corporation (the
"Company"), and FIRST UNION NATIONAL BANK OF NORTH CAROLINA
("First Union").
The parties hereto are the parties to a Revolving
Credit and Term Loan and Security Agreement, dated as of November
28, 1995 (as amended through the date hereof, the "Credit
Agreement"), and desire to increase the maximum amount of loans
which may be made thereunder from $100,000,000 to $125,000,000
for the period from the date hereof through November 30, 1996.
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. Amendments. (a) (i) Recital A of the Credit
Agreement is hereby amended by substituting the figure
$125,000,000 for the figure $100,000,000 therein and (ii) Section
1.1 of the Credit Agreement is hereby amended by substituting the
figure $125,000,000 for the figure $100,000,000 in the definition
of Loan Commitment Amount and (b) on and after December 1, 1996,
(i) the provisions set forth in Section 1(a) hereof shall no
longer be effective and (ii) (A) Recital A of the Credit
Agreement is amended by substituting the figure $100,000,000 for
the figure $125,000,000 therein and (B) Section 1.1 of the Credit
Agreement is amended by substituting the figure $100,000,000 for
the figure $125,000,000 in the definition of Loan Commitment
Amount
2. No Further Amendment. Except as set forth above,
the Credit Agreement shall continue in full force and effect
without modification.
3. Effectiveness; Note. This Amendment shall become
effective upon the execution and delivery by the Company and by
First Union of this Amendment and by the Company of a substitute
promissory note reflecting this Amendment. This Amendment may be
executed in two counterparts, each of which shall be an original,
but all of which will constitute one and the same instrument.
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.
TL LEASE FUNDING CORP. IV
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Title: President
FIRST UNION NATIONAL BANK OF NORTH CAROLINA
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Vice President
