LIMITED CONSENT TO FINANCING AGREEMENTFinancing Agreement • May 29th, 2015 • Itt Educational Services Inc • Services-educational services
LIMITED CONSENT TO FINANCING AGREEMENT, dated as of May 26, 2015 (this “Consent”), to the Financing Agreement, dated as of December 4, 2014 (as amended, restated, supplemented or otherwise modified from time to time, the “Financing Agreement”), by and among ITT Educational Services, Inc. (the “Parent” or the “Borrower”), each subsidiary of the Parent listed as a “Guarantor” on the signature pages thereto (together with each other Person that executes a joinder agreement and becomes a “Guarantor” thereunder or otherwise guaranties all or any part of the Obligations (as defined therein), each a “Guarantor” and collectively, the “Guarantors”), the lenders from time to time party thereto (each a “Lender” and collectively, the “Lenders”), Cerberus Business Finance, LLC (“Cerberus”), as collateral agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Collateral Agent”), and Cerberus, as administrative agent for the Lenders (in such capacity,
Re: Second Amendment to Letter AgreementLetter Agreement • May 29th, 2015 • Itt Educational Services Inc • Services-educational services
Reference is made to that certain letter agreement, dated as of August 4, 2014, between you and ITT Educational Services, Inc. (the “Company”), and the amendment to that letter agreement, dated as of April 28, 2015 (as so amended, the “Letter Agreement”). You and the Company hereby agree to extend the Applicable Period (as defined and used in the Letter Agreement) to and including August 31, 2015. Other than such amendment, all other terms and conditions of the Letter Agreement remain in full force and effect without modification.
