Document:

Seconded Amendment to Loan Agreememt dated 9/14/2005

 Exhibit 10.01 
  
 SECOND AMENDMENT TO LOAN AGREEMENT 
  
 This Second Amendment to Loan Agreement (“Second Amendment”), dated as of the 12th day of September, 2005, to be
effective the 14th day of September, 2005 (the “Effective Date”), by and among iGate Corporation, a
Pennsylvania corporation (“IGC”), iGate, Inc., a Pennsylvania corporation (“IGI”) (IGC and IGI are singularly, a “Borrower”, and collectively, the “Borrowers”), and PNC Bank National Association (the
“Bank”). 
  
 W I T N
E S S E T H: 
  
 WHEREAS, the Borrowers and the Bank entered into that certain Loan Agreement, dated as of September 16, 2003, as amended by that certain First Amendment to Loan Agreement, dated as of September 15, 2004, by and among the Borrowers
and the Bank (as amended, the “Loan Agreement”), pursuant to which, among other things, the Bank agreed to extend credit to the Borrowers pursuant to a revolving credit facility in an aggregate principal amount not to exceed Twenty Five
Million and 00/100 Dollars ($25,000,000.00); and 
  
 WHEREAS, the
Borrowers desire to amend certain provisions of the Loan Agreement and the Bank shall permit such amendments pursuant to the terms and conditions set forth herein. 
  
 NOW, THEREFORE, in consideration of the premises contained herein and other valuable consideration, the receipt, adequacy
and legal sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the parties hereto agree as follows: 
  
 1. All capitalized terms used herein which are defined in the Loan Agreement shall have the same meaning herein as in the Loan Agreement
unless the context clearly indicates otherwise. 
  
 2. The definition of “Expiration Date” in Section 1.01 of the Loan Agreement is hereby deleted in its entirety and in its stead is inserted the following: 
  
 “Expiration Date” shall mean September 13, 2006. 
  
 3. Section 1.01 of the Loan Agreement is hereby amended
to insert the following definition: 
  
 “Second Amendment
Effective Date” shall mean September 14, 2005. 
  
 4. Section 6.02(b) of the Loan Agreement is hereby deleted in its entirety and in its stead is inserted the following: 
  
 (b) Indebtedness existing on the Second Amendment Effective Date and described in Schedule 6.02 to this Agreement (including any extensions or
renewals thereof provided there is no increase in the amount thereof or other significant adverse change in the terms thereof); 

 5. Section 6.04(a) of the Loan Agreement is hereby deleted in its entirety and in
its stead is inserted the following: 
  
 (a) loans and
investments existing on the Second Amendment Effective Date and set forth on Schedule 6.04 attached to this Agreement; 
  
 6. The provisions of Sections 2 through 5 of this Second Amendment shall not become effective until the Bank has received the following
items, each in form and substance acceptable to the Bank and its counsel: 
  
 (a) this Second Amendment, duly executed by the Borrowers; 
  
 (b) the documents listed in the Closing Agenda set forth on Exhibit A attached hereto and made a part hereof; 
  
 (c) an extension fee in the amount of Thirty Thousand and 00/100 Dollars ($30,000.00); and 
  
 (d) such other documents as may be reasonably requested by the Bank. 
  
 7. Each Borrower hereby reconfirms and reaffirms all
representations and warranties, agreements and covenants made by it pursuant to the terms and conditions of the Loan Agreement, except as such representations and warranties, agreements and covenants may have heretofore been amended, modified or
waived in writing in accordance with the Loan Agreement. 
  
 8. Each Borrower acknowledges and agrees that each and every document, instrument or agreement, which at any time has secured the Debt including, without limitation, the Pledge and Security Agreement and the Account
Control Agreement, hereby continue to secure the Debt. 
  
 9. Each Borrower hereby represents and warrants to the Bank that (i) such Borrower has the legal power and authority to execute and deliver this Second Amendment, (ii) the officers of such Borrower executing this Second Amendment
have been duly authorized to execute and deliver the same and bind such Borrower with respect to the provisions hereof, (iii) the execution and delivery hereof by such Borrower and the performance and observance by such Borrower of the
provisions hereof and of the Loan Agreement and all documents executed or to be executed therewith, do not violate or conflict with the organizational documents of such Borrower or any Law applicable to such Borrower or result in a breach of any
provision of or constitute a default under any other agreement, instrument or document binding upon or enforceable against such Borrower, and (iv) this Second Amendment, the Loan Agreement and the documents executed or to be executed by such
Borrower in connection herewith or therewith constitute or will constitute valid and binding obligations of such Borrower in every respect, enforceable in accordance with their respective terms, except as the enforcement thereof may be subject to
bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors’ rights generally and subject to general principles of equity (regardless of whether enforceability is considered in a
proceeding in equity or at law). 
  

 - 2 - 

 10. Each Borrower represents and warrants that (i) no Event of Default exists under
the Loan Agreement, nor will any occur as a result of the execution and delivery of this Second Amendment or the performance or observance of any provision hereof, (ii) the Schedules attached to and made a part of the Loan Agreement are true
and correct in all material respects as of the date hereof, and there are no modifications or supplements thereto, except as set forth on Exhibit B attached hereto and made a part hereof, and (iii) it presently has no known claims or
actions of any kind at Law or in equity against the Bank arising out of or in any way relating to the Loan Documents. 
  
 11. Each reference to the Loan Agreement that is made in the Loan Agreement or any other document executed or to be executed in connection
therewith shall hereafter be construed as a reference to the Loan Agreement as amended hereby. 
  
 12. The agreements contained in this Second Amendment are limited to the specific agreements made herein. Except as amended hereby, all of
the terms and conditions of the Loan Agreement shall remain in full force and effect. This Second Amendment amends the Loan Agreement and is not a novation thereof. 
  
 13. This Second Amendment may be executed in any number of counterparts and by the different parties hereto
on separate counterparts each of which, when so executed, shall be deemed to be an original, but all such counterparts shall constitute but one and the same instrument. 
  
 14. This Second Amendment shall be governed by, and shall be construed and enforced in accordance with, the
Laws of the Commonwealth of Pennsylvania without regard to the principles of the conflicts of law thereof. Each Borrower hereby consents to the jurisdiction and venue of the Court of Common Pleas of Allegheny County, Pennsylvania and the United
States District Court for the Western District of Pennsylvania with respect to any suit arising out of or mentioning this Second Amendment. 
  
 [INTENTIONALLY LEFT BLANK] 
  

 - 3 - 

 IN WITNESS WHEREOF, and intending to be legally bound, the parties hereto have caused this Second
Amendment to Loan Agreement to be duly executed by their duly authorized officers as of the day and year first above written to be effective on the Effective Date. 
  

							
	Attest:	 	iGate Corporation
				
	By:	 	 /s/ Michael K. Fox

	 	By:	 	 /s/ Michael J. Zugay

	Name:	 	 Michael K. Fox

	 	Name:	 	 Michael J. Zugay

	Title:	 	 Treasurer

	 	Title:	 	 Senior VP & Chief Financial Officer

		
	Attest:	 	iGate, Inc.
				
	By:	 	 /s/ Michael K. Fox
	 	By:	 	 /s/ Michael J. Zugay

	Name:	 	 Michael K. Fox

	 	Name:	 	 Michael J. Zugay

	Title:	 	 Treasurer

	 	Title:	 	 Treasurer

			
	 	 	 	 	PNC Bank National Association
				
	 	 	 	 	By:	 	 /s/ Scott Colcombe

	 	 	 	 	Name:	 	 Scott Colcombe

	 	 	 	 	Title:	 	 Vice President

 ACKNOWLEDGMENT 
  

					
	COMMONWEALTH OF PENNSYLVANIA	 	)	  	 
	 	 	)	  	SS:
	COUNTY OF ALLEGHENY	 	)	  	 

  
 On this 12th
day of September, 2005, before me, a Notary Public, personally appeared Michael J. Zugay, who acknowledged himself/herself to be the Sr. VP & CFO of iGate Corporation, a Pennsylvania corporation (the “Corporation”), and
that he as such officer, being authorized to do so, executed the foregoing instrument for the purposes therein contained by signing his name as Sr. VP & CFO of and on behalf of the Corporation. 
  
 IN WITNESS WHEREOF, I hereunto set my hand and affix my
seal. 
  

	
	 /s/ Donna M. Mascia

	             Notary Public

  
 My Commission Expires: 
  
 [SEAL]

 ACKNOWLEDGMENT 
  

					
	COMMONWEALTH OF PENNSYLVANIA	 	)	  	 
	 	 	)	  	SS:
	COUNTY OF ALLEGHENY	 	)	  	 

  
 On this 12th
day of September, 2005, before me, a Notary Public, personally appeared Michael J. Zugay, who acknowledged himself/herself to be the Treasurer of iGate, Inc., a Pennsylvania corporation (the “Corporation”), and that he as
such officer, being authorized to do so, executed the foregoing instrument for the purposes therein contained by signing his name as Treasurer of and on behalf of the Corporation. 
  
 IN WITNESS WHEREOF, I hereunto set my hand and affix my seal. 
  

	
	 /s/ Donna M. Mascia

	             Notary Public

  
 My Commission Expires: 
  
 [SEAL]

 EXHIBIT A 
  

Closing Agenda 
  
 See Attached 

 EXHIBIT B 
  

Revised Schedules to Loan Agreement 
  
 See AttachedAmendment to Insurance and Reimbursement Agreement

 Exhibit 10.1 
  
 AMENDMENT TO INSURANCE AND REIMBURSEMENT AGREEMENT 
  
 THIS AMENDMENT TO INSURANCE AND REIMBURSEMENT AGREEMENT, dated as of
October 31, 2005 (this “Amendment”), is entered into among Financial Guaranty Insurance Company, as note insurer (the “Note Insurer”), Onyx Acceptance Financial Corporation (“Finco”), Onyx Acceptance Corporation
(“Onyx”) and JPMorgan Chase Bank, N.A. (the “Indenture Trustee”). 
  
 RECITALS 
  
 WHEREAS, the
Note Insurer, Finco, Onyx and the Indenture Trustee have entered into an Insurance and Reimbursement Agreement, dated as of July 21, 2005 (the “Insurance Agreement”) relating to the Notes issued by Onyx Acceptance Owner Trust 2005-B;
and 
  
 WHEREAS, pursuant to Section 7.01 of the Insurance
Agreement, the Insurance Agreement may be amended by all the parties thereto; and 
  
 WHEREAS, the parties hereto wish to amend the Insurance Agreement in accordance with such Section 7.01 in order to revise Section 1.01 thereof. 
  
 NOW, THEREFORE, in consideration of the mutual promises contained herein and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties do hereby agree as follows: 
  
 AGREEMENT 
  
 Section 1. Defined Terms. 
  
 Each
capitalized term used and not otherwise defined herein has the meaning assigned thereto in the Insurance Agreement, as applicable. 
  
 Section 2. Amendment to Section 1.01 of the Insurance Agreement. 
  
 (a) The definition of “Delinquent Contract” as set forth in Section 1.01 of the Insurance Agreement is
amended and restated in its entirety to read as follows: 
  
 “Delinquent Contract” means any Contract (other than a Defaulted Contract) as to which any portion of a scheduled payment remains unpaid for more than 60 days from the date on which it is due and
payable. 

 (b) The definition of “Spread Account Increase Condition” as set forth in Section 1.01 of
the Insurance Agreement is amended and restated in its entirety to read as follows: 
  
 “Spread Account Increase Condition” means as of the Servicer Report Date with respect to each Collection Period, the
three month average of the Delinquency Ratios for such Collection Period and the two Collection Periods immediately preceding such Collection Period is greater than the level specified for such month in the following table: 
  

				
	 Collection Period

	  	Delinquency Ratio

	 
	 July 2005 – October 2005
	  	1.60	%
	 November 2005
	  	2.35	%
	 December 2005
	  	2.85	%
	 January 2006
	  	2.50	%
	 February 2006 - March 2006
	  	2.25	%
	 April 2006
	  	2.65	%
	 May 2006
	  	3.05	%
	 June 2006
	  	3.40	%
	 July 2006 – September 2006
	  	3.00	%
	 October 2006
	  	3.50	%
	 November 2006
	  	4.00	%
	 December 2006 – January 2007
	  	4.40	%
	 February 2007 – May 2007
	  	3.00	%
	 June 2007
	  	3.70	%
	 July 2007 – October 2007
	  	4.60	%
	 November 2007 – January 2008
	  	5.60	%
	 February 2008
	  	4.75	%
	 March 2008
	  	5.25	%
	 April 2008 – May 2008
	  	5.15	%
	 June 2008
	  	5.20	%
	 July 2008 – September 2008
	  	5.05	%
	 October 2008
	  	5.25	%
	 November 2008 – January 2009
	  	6.80	%
	 February 2009 and thereafter
	  	5.95	%

  
 provided, that a Spread Account Increase Condition shall be deemed to have been cured if, as of the Servicer Report Date with respect to each of the three (3) consecutive Collection Periods following the occurrence of a Spread
Account Increase Condition, the average of the Delinquency Ratios for such Collection Periods is less than the percentage specified above for the applicable Collection Period. 
  
 Section 3. Effective Date. 
  
 This Amendment shall be effective as of the date set forth in the introductory paragraph hereof. 
  
 Section 4. Miscellaneous. 
  
 (a) Ratification of Transaction Documents. The terms and provisions
set forth in this Amendment shall modify and supersede all inconsistent terms and provisions set forth in the Basic Documents and, except as expressly modified and superseded by this Amendment, the Basic Documents are ratified and confirmed in all
respects and shall continue in full force and effect. 
  

 2 

 (b) Counterparts. This Amendment may be executed in two or more counterparts, each of which shall
be deemed to be an original but all of which together shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this Amendment by telecopier shall be as effective as delivery of a manually executed
counterpart of this Amendment. 
  
 (c) Governing Law. This
Amendment shall be governed by and construed in accordance with the internal laws of the State of New York. 
  
 (d) Binding Agreement. This Amendment shall be binding upon and inure to the benefit of the Trust, the parties hereto, the holders of the Notes,
and each of their respective successors and permitted assigns. 
  

 3 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment to Insurance and Reimbursement
Agreement, all as of the day and year first above mentioned. 
  

			
	FINANCIAL GUARANTY INSURANCE COMPANY
		
	By	 	 /s/ Donna Troia

	Name:	 	Donna Troia
	Title:	 	Managing Director, Surveillance
	
	ONYX ACCEPTANCE FINANCIAL CORP.
		
	By	 	 /s/ Albert A. Ciafre

	Name:	 	Albert A. Ciafre
	Title:	 	Assistant Vice President
	
	ONYX ACCEPTANCE CORPORATION
		
	By	 	 /s/ Vince Scardina

	Name:	 	Vince Scardina
	Title:	 	Treasurer
	
	 JPMORGAN CHASE BANK, N.A., not in
 its individual capacity but solely as Indenture Trustee

		
	By	 	 /s/ Melissa Wilman

	Name:	 	Melissa Wilman
	Title:	 	Vice President

  

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