ex_178501.htm


Exhibit 10.11(h)


 


 


SECOND AMENDMENT TO


THE SERIES 2018-THREE INDENTURE SUPPLEMENT


 


This Second Amendment to the Series 2018-Three Indenture Supplement (the “Amendment”), dated as of November 13, 2019, among Perimeter Master Note Business Trust, a business trust organized and existing under the laws of the State of Nevada (herein, the “Issuer” or the “Trust”), Access Financing, LLC, a Georgia limited liability company (the “Servicer”) and U.S. Bank National Association, not in its individual capacity, but solely as Indenture Trustee (herein, together with its successors in the trusts thereunder as provided in the Indenture referred to below, the “Indenture Trustee”) under the Master Indenture, dated as of February 8, 2017 (as amended, restated, supplemented or otherwise modified from time to time, the “Indenture”) among the Issuer, the Servicer and the Indenture Trustee.


 


Capitalized terms used herein shall have the meanings assigned to such terms in the Supplement (as defined below).


 


WITNESSETH:


 


WHEREAS, the Issuer, the Servicer and the Indenture Trustee executed the Series 2018-Three Indenture Supplement, dated as November 16, 2018 and the First Amendment to the Series 2018-Three Indenture Supplement, dated as of October 9, 2019 (as so amended, the “Supplement”); and


 


WHEREAS, the parties hereto have agreed to amend the Supplement on the terms and conditions hereinafter set forth in accordance with Section 9.02 of the Indenture;


 


NOW, THEREFORE, in consideration of the promises and of the mutual covenants and agreements hereinafter set forth, the parties hereto hereby agree as follows:


 


SECTION 1. Amendments of the Supplement.


 


1.1      The definition of “Capital Stock” is hereby deleted in its entirety and replaced with the following:


 


“Capital Stock” means any and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation), including, without limitation, partnership interests and membership interests, beneficial interests in a trust, and any and all warrants, rights or options to purchase or other arrangements or rights to acquire any of the foregoing; provided, however, the foregoing shall not include any shares, interests, participations or other equivalent ownership interests structured as preferred interests but which do not participate in the profits of the Person.


 





 










 








 


SECTION 2. Miscellaneous


 


2.1     Ratification. As amended hereby, the Supplement is in all respects ratified and confirmed and the Supplement as so supplemented by this Amendment shall be read, taken and construed as one and the same instrument.


 


2.2     Counterparts. This Amendment may be executed in two or more counterparts, and by different parties on separate counterparts, each of which shall be an original, but all of which shall constitute one and the same instrument.


 


2.3     Governing Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED THEREIN WITHOUT REGARD TO THE CONFLICT OF LAWS PRINCIPLES THEREOF (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW).


 


2.4     Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective permitted successors and assigns.


 


2.5     Effectiveness. This Amendment shall be effective as of the date first above written.


 


2.6     Limitation of Liability. It is expressly understood and agreed by the parties hereto that (a) this Amendment is executed and delivered by Wilmington Trust, National Association, not individually or personally but solely as trustee of the Issuer, in the exercise of the powers and authority conferred and vested in it under the Trust Agreement, (b) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as personal representations, undertakings and agreements by Wilmington Trust, National Association, but is made and intended for the purpose of binding only the Issuer and (c) under no circumstances shall Wilmington Trust, National Association be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Amendment or the other Transaction Documents to which the Issuer is a party.


 


2.7     Representation and Warranty. Each of the parties hereto represents and warrants that this Amendment has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligations, enforceable in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, fraudulent transfer, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors’ rights in general and by general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).


 





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IN WITNESS WHEREOF, the undersigned have caused this Amendment to be duly executed and delivered by their respective duly authorized officers on the day and year first above written.


 


	
			 

				
			PERIMETER MASTER NOTE


			BUSINESS TRUST, as Issuer

				
			 

			
	
			 

				
			 

				
			 

				
			 

			
	 	By:	
			Wilmington Trust, National


			Association,

			not in its individual


			capacity, but solely as


			Owner Trustee

				 
	
			 

				
			 

				
			 

				
			 

			
	
			 

				
			By: 

				
			/s/ Patricia A. Bradenburg

				
			 

			
	
			 

				
			 

				
			Name: Patricia A. Bradenburg


			Title: Banking Officer

				
			 

			
	 	 	 	 
	 	 	 	 
	 	
			U.S. BANK NATIONAL


			ASSOCIATION,


			not in its individual capacity, but


			solely as


			Indenture Trustee

				 
	 	 	 	 
	 	By:	/s/ Mirtza J. Escobar	 
	
			 

				
			 

				
			Name: Mirtza J. Escobar


			Title: Vice President

				
			 

			
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	
			ACCESS FINANCING, LLC,


			Servicer

				 
	 	 	 	 
	 	By:	/s/ Brian Stone	 
	 	 	
			Name:  Brian Stone


			Title:  Chief Risk Officer

				 



 


 


[Second Amendment to 2018-Three Supplement]


 





 










 








 


Consent of Series 2018-Three Noteholders:


 


TSO-FORTIVA NOTES HOLDCO LP,


as holder of 100% of Class A Notes


 


By: TowerBrook TSO GP (Alberta), L.P., its


General Partner


 


By: TowerBrook Investors, Ltd., its General


Partner


 


 


 


By: /s/ Glenn F. Miller                                 

     Name: Glenn F. Miller

     Title: Authorized Signatory


  


 


 


CCFC CORP.,


as holder of 100% of Class B Notes


 






By: /s/ Mitch Saunders                             

     Name: Mitch Saunders

     Title: Treasurer


 


 


[Second Amendment to 2018-Three Supplement]