RECEIVABLES PURCHASE AGREEMENT between NF FUNDING I, LLC, as Purchaser, and NICHOLAS FINANCIAL, INC., as Seller, Dated as of March 29, 2019Receivables Purchase Agreement • April 1st, 2019 • Nicholas Financial Inc • Short-term business credit institutions • New York
This RECEIVABLES PURCHASE AGREEMENT is entered into as of March 29, 2019, between NF Funding I, LLC, a Delaware limited liability company (“Purchaser”) and Nicholas Financial, Inc., a Florida corporation (“Seller”).
SECURITY AGREEMENT between NF FUNDING I, LLC, as Grantor and ARES AGENT SERVICES, L.P., as Collateral Agent Dated as of March 29, 2019Security Agreement • April 1st, 2019 • Nicholas Financial Inc • Short-term business credit institutions • New York
This SECURITY AGREEMENT, dated as of March 29, 2019 (as it may be amended, supplemented or otherwise modified from time to time in accordance with the terms hereof, this “Security Agreement”), is between NF FUNDING I, LLC, a Delaware limited liability company (the “Borrower” or the “Grantor”) and ARES AGENT SERVICES, L.P. (“Ares”) as collateral agent for the Secured Parties (in such capacity, the “Collateral Agent”).
SERVICING AGREEMENTServicing Agreement • April 1st, 2019 • Nicholas Financial Inc • Short-term business credit institutions • New York
This SERVICING AGREEMENT, dated and effective as of March 29, 2019 (this “Agreement”), is by and among ARES AGENT SERVICES, L.P., a Delaware limited partnership, as administrative agent (in such capacity, the “Administrative Agent”) under the Credit Agreement defined below, NF FUNDING I, LLC, a Delaware limited liability company (“Borrower” or the “Owner”), and NICHOLAS FINANCIAL, INC., a Florida corporation (“Nicholas Financial”), as servicer (“Servicer”).
CREDIT AGREEMENT dated as of March 29, 2019 among NF FUNDING I, LLC, as Borrower, ARES AGENT SERVICES, L.P., as Administrative Agent and Collateral Agent, and the Lenders party hereto $175,000,000 Senior Secured Revolving LoanCredit Agreement • April 1st, 2019 • Nicholas Financial Inc • Short-term business credit institutions • New York
This CREDIT AGREEMENT, dated as of March 29, 2019, is entered into among NF FUNDING I, LLC, a Delaware limited liability company, as Borrower (the “Borrower”) and Ares Agent Services, L.P., a Delaware limited partnership (“Ares”), as Administrative Agent (in such capacity, the “Administrative Agent”) and Collateral Agent (in such capacity, the “Collateral Agent”) and the Lenders (as defined herein) party hereto.
LIMITED GUARANTYLimited Guaranty • April 1st, 2019 • Nicholas Financial Inc • Short-term business credit institutions • New York
THIS LIMITED GUARANTY, dated as of March 29, 2019 (as it may be amended, supplemented or otherwise modified from time to time in accordance with the terms hereof, “Limited Guaranty”), is made by Nicholas Financial, Inc., a Florida corporation (the “Guarantor”) in favor of Ares Agent Services, L.P. (“Ares”), as collateral agent (in such capacity, the “Collateral Agent”), for the benefit of the Secured Parties.
