Common Contracts

STANDSTILL AGREEMENT

Standstill Agreement • July 28th, 2015 • New York

• Contract Type
  Standstill Agreement
• Filed
  July 28th, 2015
• Jurisdiction
  New York

THIS STANDSTILL AGREEMENT (this “Agreement”) is dated as of May 12, 2014 (“Effective Date”) and is entered into by and among TRANSIT FUNDING ASSOCIATES LLC, a Delaware limited liability company (“Borrower”), CAPITAL ONE EQUIPMENT FINANCE CORP. d/b/a/ Capital One Taxi Medallion Finance, a New York corporation with its principal office located at 275 Broadhollow Road, Melville, New York 11747 (“Bank”), YELLOW GROUP LLC, a Delaware limited liability company authorized to transact business in the State of Illinois (“YG”) and Taxi Affiliation Services LLC, a Delaware limited liability company authorized to transact business in the State of Illinois (“TAS”), TAXI MEDALLION MANAGEMENT LLC, a Delaware limited liability company authorized to transact business in the State of Illinois (“TMM”), and CL MEDALLION HOLDINGS LLC, a Delaware limited liability company authorized to transact business in the State of Illinois (“CLMH”), and YELLOW MEDALLION HOLDINGS LLC, a Delaware limited liability compan