EX-10.29



 Exhibit 10.29 

AMENDMENT NO. 3 
 TO

 AMENDED AND RESTATED CREDIT AGREEMENT 

AMENDMENT NO. 3 TO AMENDED AND RESTATED CREDIT AGREEMENT, dated as of December 4, 2013 (this “Amendment”) to the Amended
and Restated Credit Agreement, dated as of September 10, 2012, among Virtus Investment Partners, Inc. (the “Borrower”), the Lenders party thereto, PNC Bank, National Association, as Syndication Agent, and The Bank of New York
Mellon, as Administrative Agent (in such capacity, the “Agent”), the Swingline Lender, and as Issuing Bank, as amended by Amendment No. 1, dated as of July 2, 2013 and Amendment No. 2, dated as of September 18,
2013 (as the same may be further amended, supplemented or otherwise modified from time to time, the “Credit Agreement”). 

RECITALS 
 I. Capitalized
terms used herein and not herein defined shall have the meanings set forth in the Credit Agreement. 
 II. The Borrower desires to amend the
Credit Agreement upon the terms and conditions herein contained, and the Agent and Required Lenders have agreed thereto upon the terms and conditions herein contained. 

Accordingly, in consideration of the Recitals and the covenants, conditions and agreements hereinafter set forth, and for other good and
valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Paragraph
(h) of the definition of “Permitted Encumbrances” in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety as follows: 

(h) (1) Liens on Margin Stock to the extent that a prohibition on such Liens would violate Regulation U and (2) Liens in
favor of a Securities Intermediary (x) on securities held in a Securities Account (as defined in the Security Agreement) representing investments permitted by Section 7.4(i)(v), having a fair market value not in excess of
$10,000,000 at any one time outstanding and (y) securing only the liabilities of the Loan Parties for call options written by the Loan Parties in respect of such securities. 

2. Section 6.13(a) of the Credit Agreement is hereby amended to insert at the end of such Section the following sentence: 

Notwithstanding anything to the contrary in this paragraph (a) or in paragraph (b) of this Section, neither the
Borrower nor any Subsidiary Guarantor shall be obligated to hold any investment made by the Borrower or such Subsidiary Guarantor, as the case may be, pursuant to Section 7.4(i)(v) in a Blocked Account (as defined in the Security
Agreement). 







 3. Paragraphs 1 and 2 of this Amendment shall not be effective unless and until the following
conditions precedent shall have been satisfied (the “Amendment Effective Date”): 
 (a) the Agent (or its
counsel) shall have received from the Borrower, each Subsidiary Guarantor and Required Lenders either (i) a counterpart of this Amendment signed on behalf of each such Person, or (ii) written evidence satisfactory to the Agent (which may
include facsimile or e-mail transmission of a signed signature page of this Amendment) that each such Person has signed a counterpart of this Amendment; 

(b) the Borrower, each Subsidiary Guarantor and the Agent shall have entered into an amendment, in the form of
Exhibit A, to the Security Agreement (the “Security Amendment”); and 
 (c) the Agent shall
have received all fees and other amounts due and payable by the Borrower on or prior to the Amendment Effective Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses (including attorneys’ fees). 

4. The Borrower and each Subsidiary Guarantor hereby (a) reaffirms and admits the validity and enforceability of each Loan Document to
which it is a party and all of its obligations thereunder and agrees and admits that (i) it has no defense to any such obligation, (ii) it shall not exercise any setoff or offset to any such obligation, and (iii) to its knowledge, it
does not have any claim against any Credit Party arising out of the transactions contemplated by the Loan Documents, and (b) represents and warrants that (i) no Default or Event of Default has occurred and is continuing and (ii) all
of the representations and warranties made by it in the Loan Documents are true and correct in all material respects, both immediately before and after giving effect to this Amendment. 

5. By signing below, (a) each Subsidiary Guarantor consents to this Amendment, and (b) Required Lenders hereby authorize and direct
the Agent to execute and deliver the Security Amendment. 
 6. This Amendment may be executed in any number of counterparts, each of which
shall be an original and all of which shall constitute one agreement. It shall not be necessary in making proof of this Amendment to produce or account for more than one counterpart signed by the party to be charged. 

7. The Credit Agreement and the other Loan Documents shall in all other respects remain in full force and effect, and no amendment herein in
respect of any term or condition of any Loan Document shall be deemed to be an amendment or other modification in respect of any other term or condition of any Loan Document. 

8. This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York, without regard to conflict of
laws principles that would require the application of the laws of another jurisdiction. 
 [Remainder of page intentionally left blank.] 








 IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 3 to Amended and
Restated Credit Agreement to be duly executed and delivered by their proper and duly authorized officers as of the day and year first above written. 
  

			
	VIRTUS INVESTMENT PARTNERS, INC.
		
	By:	 	 /s/ Michael A. Angerthal

	Name:	 	Michael A. Angerthal
	Title:	 	 Executive Vice President
 & Chief
Financial Officer

	
	 THE BANK OF NEW YORK MELLON,

individually, as Swingline Lender, Issuing Bank and as the Administrative Agent

		
	By:	 	 /s/ Richard G. Shaw

	Name:	 	Richard G. Shaw
	Title:	 	Vice President
	
	PNC BANK, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Alaa Shraim

	Name:	 	Alaa Shraim
	Title:	 	Vice President
	
	CITBANK, N.A.
		
	By:	 	 /s/ Dane Graham

	Name:	 	Dane Graham
	Title:	 	Director
	
	ROYAL BANK OF CANADA
		
	By:	 	 /s/ Greg DeRise

	Name:	 	Greg DeRise
	Title:	 	Authorized Signer


 Virtus Investment Partners, Inc. – Amendment No. 3 to Amended and Restated Credit Agreement 








			
	Each of the Subsidiary Guarantors,
by signing below, hereby
acknowledges and agrees to the
Amendment:
	
	DUFF & PHELPS INVESTMENT MANAGEMENT CO.
		
	By:	 	 /s/ Michael A. Angerthal

	Name:	 	Michael A. Angerthal
	Title:	 	Executive Vice President & Treasurer
	
	EUCLID ADVISORS LLC
		
	By:	 	 /s/ Michael A. Angerthal

	Name:	 	Michael A. Angerthal
	Title:	 	Executive Vice President & Treasurer
	
	KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT, LLC
		
	By:	 	 /s/ Michael A. Angerthal

	Name:	 	Michael A. Angerthal
	Title:	 	Senior Vice President & Chief Financial Officer
	
	RUTHERFORD FINANCIAL CORPORATION
		
	By:	 	 /s/ David Hanley

	Name:	 	David Hanley
	Title:	 	Vice President & Treasurer
	
	NEWFLEET ASSET MANAGEMENT LLC (f/k/a SCM ADVISORS LLC)
		
	By:	 	 /s/ Michael A. Angerthal

	Name:	 	Michael A. Angerthal
	Title:	 	Senior Vice President & Chief Financial Officer


  
 Virtus Investment
Partners, Inc. – Amendment No. 3 to Amended and Restated Credit Agreement 









			
	VIRTUS INVESTMENT ADVISERS, INC.
		
	By:	 	 /s/ Michael A. Angerthal

	Name:	 	Michael A. Angerthal
	Title:	 	Executive Vice President & Chief Financial Officer
	
	VIRTUS PARTNERS, INC.
		
	By:	 	 /s/ Michael A. Angerthal

	Name:	 	Michael A. Angerthal
	Title:	 	Executive Vice President, Chief Financial Officer
	
	ZWEIG ADVISERS, LLC
		
	By:	 	 /s/ Michael A. Angerthal

	Name:	 	Michael A. Angerthal
	Title:	 	Executive Vice President & Chief Financial Officer
	
	RAMPART INVESTMENT MANAGEMENT COMPANY, LLC
		
	By:	 	 /s/ Michael A. Angerthal

	Name:	 	Michael A. Angerthal
	Title:	 	Executive Vice President & Chief Financial Officer
	
	VIRTUS FUND SERVICES, LLC
		
	By:	 	 /s/ Michael A. Angerthal

	Name:	 	Michael A. Angerthal
	Title:	 	Executive Vice President and Treasurer


  
 Virtus Investment
Partners, Inc. – Amendment No. 3 to Amended and Restated Credit Agreement 








 EXHIBIT A 

Amendment No. 2 to Security Agreement 

See attached. 
  

 

  
 Virtus Investment
Partners, Inc. – Amendment No. 3 to Amended and Restated Credit Agreement