**EXHIBIT 10.10****FIRST AMENDMENT TO LOAN DOCUMENTS**     THIS FIRST AMENDMENT TO LOAN DOCUMENTS dated as of July 20, 2005 (this “Amendment”),is executed by and between MVC Capital, Inc., a Delaware corporation (the “Borrower”),whose address is 287 Bowman Avenue, Purchase, New York 10577, and LASALLE BANK NATIONALASSOCIATION, a national banking association (the “Bank”), whose address is 135 South LaSalle Street, Chicago, Illinois 60603.RECITALS:     A. The Borrower and the Bank entered into that certain Loan Agreement dated as of October 28,2004 (the “Loan Agreement”), pursuant to which Loan Agreement the Bank has made a revolvingloan to the Borrower evidenced by that certain Revolving Note dated as of October 28, 2004 in themaximum principal amount of Twenty Million and 00/100 Dollars ($20,000,000.00), executed by theBorrower and made payable to the order of the Bank (the “Revolving Note”).     B. At the present time the Borrower and the Bank are agreeable to (i) an extension of theMaturity Date, and (ii) an increase in the maximum principal amount of the Loans, pursuant to theterms and conditions hereinafter set forth.     NOW THEREFORE, in consideration of the premises and other good and valuable consideration, thereceipt and adequacy of which are hereby acknowledged, the Borrower and the Bank hereby agree asfollows:AGREEMENTS:     1. Recitals. The foregoing Recitals are hereby made a part of this Amendment.     2. Definitions. Capitalized words and phrases used herein without definition shallhave the respective meanings ascribed to such words and phrases in the Loan Agreement.     3. Amendments to the Loan Agreement and the Revolving Note. The Loan Agreement andthe Revolving Note are hereby amended as follows:     3.1 by deleting all references to “$20,000,000.00” and inserting “$30,000,000.00” inlieu thereof; and     3.2 by deleting all references to “October 31, 2005” and inserting “August 31, 2006” inlieu thereof.     4. Amendments to Other Loan Documents. The other Loan Documents are hereby amended tothe extent necessary to comply with the foregoing amendments to the Loan Agreement and theRevolving Note.
 

 
     5. Representations And Warranties. To induce the Bank to enter into this Amendment,the Borrower hereby certifies, represents and warrants to the Bank that:     5.1 Organization. The Borrower is a corporation duly organized, existing andin good standing under the laws of the State of Delaware, with full and adequate corporatepower to carry on and conduct its business as presently conducted. Borrower is dulyqualified in each jurisdiction in which the failure to so qualify is reasonably likely tohave a Material Adverse Effect on Borrower. The Articles of Incorporation and By-laws ofthe Borrower have not been changed or amended since the most recent date that certifiedcopies thereof were delivered to the Bank, except for the changes effected by the FifthAmended and Restated By-Laws of MVC Capital, Inc., a true and complete copy of which isannexed hereto as Exhibit A. The exact legal name of the Borrower is as set forthin the preamble of this Amendment, and the Borrower currently does not conduct, nor has itduring the last five (5) years conducted, business under any other name or trade name. TheBorrower will not change its name, its organizational identification number, if it has one,its type of organization, its jurisdiction of organization or other legal structure, withoutgiving the Bank at least five (5) days’ prior written notice thereof.     5.2 Authorization. The Borrower is duly authorized to execute and deliver thisAmendment and is and will continue to be duly authorized to borrow monies under the LoanDocuments, as amended hereby, and to perform its obligations under the Loan Documents, asamended hereby.     5.3 No Conflicts. The execution and delivery of this Amendment and theperformance by the Borrower of its obligations under the Loan Documents, as amended hereby,do not and will not conflict with any provision of law or of the Articles of Incorporationor Bylaws of the Borrower or of any agreement binding upon the Borrower that will have aMaterial Adverse Effect on Borrower.     5.4 Validity and Binding Effect. The Loan Documents, as amended hereby, arelegal, valid and binding obligations of the Borrower, enforceable against the Borrower inaccordance with their terms, except as enforceability may be limited by bankruptcy,insolvency or other similar laws of general application affecting the enforcement ofcreditors’ rights or by general principles of equity limiting the availability of equitableremedies.     5.5 Compliance with Loan Documents. The representation and warranties made bythe Borrower in the Loan Documents, as amended hereby, are true and correct with the sameeffect as if such representations and warranties had been made on the date hereof, exceptfor such changes as are specifically permitted under the Loan Documents and except to theextent that any such representation or warranty expressly refers to a specific earlier date.In addition, the Borrower has complied with and is in compliance with all of the covenantsset forth in the Loan Documents in all material respects.     5.6 No Event of Default. As of the date hereof, no Event of Default under anyof the Loan Documents, as amended hereby, or event or condition which, with the giving
 

 
of notice or the passage of time, or both, would constitute an Event of Default, hasoccurred or is continuing.     6. Conditions Precedent. This Amendment shall become effective as of the date abovefirst written after receipt by the Bank of the following:     6.1 Amendment. This Amendment executed by the Borrower and the Bank.     6.2 Resolutions. A certified copy of resolutions of the Board of Directorsand/or shareholders of the Borrower authorizing the execution, delivery and performance ofthis Amendment and the related loan documents.     6.3 Other Documents. Such other documents, certificates and/or resolutions asthe Bank may reasonably request.     7. General.     7.1 Governing Law; Severability. This Amendment shall be construed inaccordance with and governed by the laws of Illinois. Wherever possible each provision ofthe Loan Documents and this Amendment shall be interpreted in such manner as to be effectiveand valid under applicable law, but if any provision of the Loan Documents and thisAmendment shall be prohibited by or invalid under such law, such provision shall beineffective to the extent of such prohibition or invalidity, without invalidating theremainder of such provision or the remaining provisions of the Loan Documents and thisAmendment.     7.2 Successors and Assigns. This Amendment shall be binding upon the Borrowerand the Bank and their respective successors and assigns, and shall inure to the benefit ofthe Borrower and the Bank and the successors and assigns of the Bank.     7.3 Continuing Force and Effect of Loan Documents. Except as specificallymodified or amended by the terms of this Amendment, all other terms and provisions of theLoan Agreement and the other Loan Documents are incorporated by reference herein, and in allrespects, shall continue in full force and effect. The Borrower, by execution of thisAmendment, hereby reaffirms, assumes and binds itself to all of the obligations, duties,rights, covenants, terms and conditions that are contained in the Loan Agreement and theother Loan Documents, except as specifically modified or amended by the terms of thisAmendment.     7.4 References to Loan Agreement. Each reference in the Loan Agreement to“this Agreement”, “hereunder”, “hereof”, or words of like import, and each reference to theLoan Agreement in any and all instruments or documents delivered in connection therewith,shall be deemed to refer to the Loan Agreement, as amended hereby.     7.5 Expenses. The Borrower shall pay all reasonable out-of-pocket costs andexpenses in connection with the preparation of this Amendment and other related loandocuments, including, without limitation, reasonable attorneys’ fees and time charges ofattorneys who may be employees of the Bank or any affiliate or parent of the Bank. The
 

 
Borrower shall pay any and all reasonable out-of-pocket costs stamp and other taxes,UCC search fees, filing fees and other costs and expenses in connection with the executionand delivery of this Amendment and the other instruments and documents to be deliveredhereunder, and agrees to save the Bank harmless from and against any and all liabilitieswith respect to or resulting from any delay in paying or omission to pay such costs andexpenses.     7.6 Counterparts. This Amendment may be executed in any number ofcounterparts, all of which shall constitute one and the same agreement.     IN WITNESS WHEREOF, the parties hereto have executed this First Amendment to Loan Documents asof the date first above written.      MVC CAPITAL, INC., a Delaware corporation