Document:

EX-10.86K

 Exhibit 10.86K 
 EXECUTION VERSION 
 THIRD AMENDMENT 

THIRD AMENDMENT, dated as of September 28, 2012 (this “Amendment”), among SBA SENIOR FINANCE II LLC (the
“Borrower”), the LENDERS PARTY HERETO and TORONTO DOMINION (TEXAS) LLC, as administrative agent (the “Administrative Agent”). CITIGROUP GLOBAL MARKETS INC., BARCLAYS BANK PLC and J.P. MORGAN SECURITIES LLC are
acting as joint lead arrangers (the “Lead Arrangers”), and CITIGROUP GLOBAL MARKETS INC., BARCLAYS BANK PLC, J.P. MORGAN SECURITIES LLC, TD SECURITIES (USA) LLC, WELLS FARGO SECURITIES, LLC, RBS SECURITIES INC. and DEUTSCHE BANK
SECURITIES INC. are acting as bookrunners (the “Bookrunners”), in connection with this Amendment. 

RECITALS: 

WHEREAS, reference is hereby made to the Amended and Restated Credit Agreement, dated as of June 30, 2011 (as amended by the First
Amendment thereto, dated as of May 9, 2012, and as further amended by the Second Amendment thereto, dated as of May 9, 2012, and as further amended, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among the Borrower, the several banks and other financial institutions or entities from time to time parties thereto (collectively, the “Lenders”) and the Administrative Agent. 

WHEREAS, the Borrower has requested that the Credit Agreement be amended as set forth herein. 

WHEREAS, the Required Lenders are willing to agree to this Amendment on the terms set forth herein. 

The parties hereto therefore agree as follows: 
 SECTION 1. Defined Terms. Unless otherwise defined herein, capitalized terms are used herein as defined in the Credit Agreement, as amended hereby. 

SECTION 2. Amendments to the Credit Agreement. The Credit Agreement is hereby amended as of the Effective Date
(as defined below) as set forth below. 
 (a) Amendment to Section 1.1 (Defined Terms). Section 1.1 of the
Credit Agreement is hereby amended as of the Effective Date as follows: 
 (i) by adding the following
definitions in appropriate alphabetical order: 
 “Third Amendment”: the Third Amendment, dated
the Third Amendment Effective Date, among the Borrower, the Lenders party thereto and the Administrative Agent. 

“Third Amendment Effective Date”: September 28, 2012. 

(ii) by amending the definition of “Loan Documents” by inserting “, the Third Amendment” immediately
after the words “the Incremental Term Loan A Amendment” in the definition thereof. 

 (b) Amendment to Section 2.19 (Increase of Revolving Credit Commitments).
Section 2.19 of the Credit Agreement is hereby amended as of the Effective Date by replacing “$700,000,000” in clause (i) of paragraph (d) thereof with “$900,000,000”. 

(c) Amendments to Section 2.20 (Incremental Term Loans). Section 2.20 of the Credit Agreement is hereby amended as of
the Effective Date as follows: 
 (i) by replacing “$500,000,000” in clause (i) of paragraph (b) thereof
with “an amount equal to (x) $1,200,000,000 minus (y) the amount of increases, if any, in the Revolving Credit Commitments effected pursuant to Section 2.19 after the Third Amendment Effective Date”. 

(ii) by replacing clause (iii) of paragraph (b) thereof in its entirety with the following: 

“(iii) (A) the weighted average life to maturity of any Incremental Term Loan made on or prior to the Third Amendment Effective
Date shall be greater than or equal to the then remaining weighted average life to maturity of the Terms Loans made on the Amendment Effective Date; provided that up to $200,000,000 in the aggregate of such Incremental Term Loans may be made
without regard to this clause (iii)(A) and (B) the weighted average life to maturity of any Incremental Term Loan made after the Third Amendment Effective Date shall be greater than or equal to the then remaining weighted average life to
maturity of the Incremental Tranche B Terms Loans (as such term shall be defined in the Fifth Amendment to be dated as of the Third Amendment Effective Date) to be made on the Third Amendment Effective Date; provided that up to $200,000,000
in the aggregate of such Incremental Term Loans may be made without regard to this clause (iii)(B) so long as the weighted average life to maturity of any such Incremental Term Loan shall be greater than or equal to the then remaining weighted
average life to maturity of the Incremental Tranche A Term Loans,” 
 SECTION 3. Representations and
Warranties; No Default. The Borrower hereby certifies that, immediately before and after giving effect to this Amendment, (a) each of the representations and warranties made by any Loan Party in or pursuant to the Loan Documents are true
and correct in all material respects (and in all respects if qualified by materiality) on and as of such date as if made on and as of such date (except for such representations and warranties expressly stated to be made as of a specific earlier
date, in which case such representations and warranties were true and correct as of such earlier date) and (b) no Default or Event of Default has occurred and is continuing. 

SECTION 4. Conditions to Effectiveness. This Amendment shall become effective upon satisfaction of the
following conditions precedent (such date, the “Effective Date”): 
 (a) receipt by the
Administrative Agent of executed signature pages to this Amendment from the Borrower and the Required Lenders; 

(b) receipt by the Administrative Agent of a customary closing certificate, substantially in the form attached hereto a
Exhibit A, and legal opinions of Greenberg Traurig, P.A. and Thomas P. Hunt, Esq., substantially in the forms attached hereto as Exhibit B-1 and Exhibit B-2, respectively; 

(c) (i) the accuracy in all material respects (and in all respects if qualified by materiality) of the representations
and warranties in the Credit Agreement and (ii) there being no Default or Event of Default in existence at the time of, or after giving effect to, this Amendment; and 

(d) the payment of all fees and expenses due to the Administrative Agent, the Lead Arrangers, the Bookrunners and the
Lenders. 

  
 2 

 SECTION 5. Effect on the Loan Documents; Miscellaneous. Except as
expressly provided herein or in the Credit Agreement, all of the terms and provisions of the Credit Agreement and the other Loan Documents are and shall remain in full force and effect. This Amendment shall constitute a Loan Document for all
purposes of the Credit Agreement and the other Loan Documents. Provisions of this Amendment are deemed incorporated into the Credit Agreement as if fully set forth therein. 
 SECTION 6. Expenses. The Borrower shall pay and reimburse the Administrative Agent and the Lead Arrangers for all reasonable out-of-pocket expenses incurred in connection with the
preparation and delivery of this Amendment, including, without limitation, the reasonable fees and disbursements of one counsel to the Administrative Agent in each applicable jurisdiction. 

SECTION 7. Counterparts. This Amendment may be executed in counterparts (and by different parties hereto
on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Amendment by telecopy or electronic
transmission (e.g., “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Amendment. 
 SECTION 8. Governing Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK. 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of
the date first above written. 
  

					
	SBA SENIOR FINANCE II LLC
			
		 	By:	 	 /s/ Thomas P. Hunt

		 		 	Name: Thomas P. Hunt
		 		 	Title: Senior Vice President and General Counsel

  

[Signature Page to Third Amendment to SBA Senior Finance II A&R CRA] 

 
			
	TORONTO DOMINION (TEXAS) LLC, as Administrative Agent
		
	By:	 	 /s/ Bebi Yasin

		 	Name: BEBI YASIN
		 	Title: AUTHORIZED SIGNATORY

  

[Signature Page to Third Amendment to SBA Senior Finance II A&R CRA] 

 
			
	CITIBANK, N.A., as a Lender
		
	By:	 	 /s/ Keith Lukasavich

		 	Name: Keith Lukasavich
		 	Title: Vice President

  

[Signature Page to Third Amendment to SBA Senior Finance II A&R CRA]EX-10.86L

 Exhibit 10.86L 
 EXECUTION VERSION 
 FOURTH AMENDMENT 

FOURTH AMENDMENT, dated as of September 28, 2012 (this “Amendment”), among SBA SENIOR FINANCE II LLC (the
“Borrower”), the LENDERS PARTY HERETO and TORONTO DOMINION (TEXAS) LLC, as administrative agent (the “Administrative Agent”). CITIGROUP GLOBAL MARKETS INC., BARCLAYS BANK PLC and J.P. MORGAN SECURITIES LLC are
acting as joint lead arrangers (the “Lead Arrangers”), and CITIGROUP GLOBAL MARKETS INC., BARCLAYS BANK PLC, J.P. MORGAN SECURITIES LLC, TD SECURITIES (USA) LLC, WELLS FARGO SECURITIES, LLC, RBS SECURITIES INC. and DEUTSCHE BANK
SECURITIES INC. are acting as bookrunners (the “Bookrunners”), in connection with this Amendment. 

RECITALS: 

WHEREAS, reference is hereby made to the Amended and Restated Credit Agreement, dated as of June 30, 2011 (as amended by the First
Amendment thereto, dated as of May 9, 2012, as further amended by the Second Amendment thereto, dated as of May 9, 2012, and as further amended by the Third Amendment thereto, dated as of September 28, 2012, and as further amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, the several banks and other financial institutions or entities from time to time parties thereto (collectively, the
“Lenders”) and the Administrative Agent. 
 WHEREAS, the Borrower has requested that the Credit Agreement be
amended as set forth herein. 
 WHEREAS, the Required Lenders are willing to agree to this Amendment on the terms set forth
herein. 
 The parties hereto therefore agree as follows: 

SECTION 1. Defined Terms. Unless otherwise defined herein, capitalized terms are used herein as defined in the
Credit Agreement, as amended hereby. 
 SECTION 2. Amendments to the Credit Agreement. The Credit
Agreement is hereby amended as of the Effective Date (as defined below) as set forth below. 
 (a) Amendment to
Section 1.1 (Defined Terms). Section 1.1 of the Credit Agreement is hereby amended as of the Effective Date as follows: 
 (i) by adding the following definitions in appropriate alphabetical order: 
 “Fourth Amendment”: the Fourth Amendment, dated the Fourth Amendment Effective Date, among the Borrower, the Lenders party thereto and the Administrative Agent. 

“Fourth Amendment Effective Date”: September 28, 2012. 

 (ii) by amending the definition of “Consolidated Adjusted EBITDA”
by adding the following sentence at the end thereof: 
 For the purposes of calculating Consolidated Adjusted EBITDA pursuant to
any determination of the Consolidated Total Net Debt to Consolidated Adjusted EBITDA Ratio referred to in Section 7.1(c), (i) if at any time on or after the first day of the most recent fiscal quarter then ended and prior to such date of
determination the Parent or any Subsidiary (including (x) the Securitization Manager and, if any, the subsidiary acting in a capacity analogous to the Securitization Manager pursuant to any Additional Securitization Arrangements and
(y) the Specified Unrestricted Foreign Entities) shall have disposed of any assets, Consolidated Adjusted EBITDA for such fiscal quarter shall be reduced by an amount equal to the Consolidated Adjusted EBITDA (if positive) attributable to the
assets that are the subject of such disposition for such fiscal quarter or increased by an amount equal to the Consolidated Adjusted EBITDA (if negative) attributable thereto for such fiscal quarter and (ii) if during the period commencing on
or after the first day of the most recent fiscal quarter then ended and prior to such date of determination the Parent or any Subsidiary (including (x) the Securitization Manager and, if any, the subsidiary acting in a capacity analogous to the
Securitization Manager pursuant to any Additional Securitization Arrangements and (y) the Specified Unrestricted Foreign Entities) shall have acquired any assets, Consolidated Adjusted EBITDA for such fiscal quarter shall be calculated after
giving pro forma effect thereto as if such acquisition occurred on the first day of such fiscal quarter. 
 (iii) by amending the definition of “Loan Documents” by inserting “, the Fourth Amendment” immediately after the words “the Third Amendment” in the definition thereof.

 SECTION 3. Representations and Warranties; No Default. The Borrower hereby certifies that,
immediately before and after giving effect to this Amendment, (a) each of the representations and warranties made by any Loan Party in or pursuant to the Loan Documents are true and correct in all material respects (and in all respects if
qualified by materiality) on and as of such date as if made on and as of such date (except for such representations and warranties expressly stated to be made as of a specific earlier date, in which case such representations and warranties were true
and correct as of such earlier date) and (b) no Default or Event of Default has occurred and is continuing. 

SECTION 4. Conditions to Effectiveness. This Amendment shall become effective upon satisfaction of the
following conditions precedent (such date, the “Effective Date”): 
 (a) receipt by the
Administrative Agent of executed signature pages to this Amendment from the Borrower and the Required Lenders; 

(b) receipt by the Administrative Agent of a customary closing certificate, substantially in the form attached hereto a
Exhibit A, and legal opinions of Greenberg Traurig, P.A. and Thomas P. Hunt, Esq., substantially in the forms attached hereto as Exhibit B-1 and Exhibit B-2, respectively; 

(c) (i) the accuracy in all material respects (and in all respects if qualified by materiality) of the representations
and warranties in the Credit Agreement and (ii) there being no Default or Event of Default in existence at the time of, or after giving effect to, this Amendment; and 

(d) the payment of all fees and expenses due to the Administrative Agent, the Lead Arrangers, the Bookrunners and the
Lenders. 

  
 2 

 SECTION 5. Effect on the Loan Documents; Miscellaneous. Except as
expressly provided herein or in the Credit Agreement, all of the terms and provisions of the Credit Agreement and the other Loan Documents are and shall remain in full force and effect. This Amendment shall constitute a Loan Document for all
purposes of the Credit Agreement and the other Loan Documents. Provisions of this Amendment are deemed incorporated into the Credit Agreement as if fully set forth therein. 
 SECTION 6. Expenses. The Borrower shall pay and reimburse the Administrative Agent and the Lead Arrangers for all reasonable out-of-pocket expenses incurred in connection with the
preparation and delivery of this Amendment, including, without limitation, the reasonable fees and disbursements of one counsel to the Administrative Agent in each applicable jurisdiction. 

SECTION 7. Counterparts. This Amendment may be executed in counterparts (and by different parties hereto
on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Amendment by telecopy or electronic
transmission (e.g., “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Amendment. 
 SECTION 8. Governing Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK. 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of
the date first above written. 
  

					
	SBA SENIOR FINANCE II LLC
			
		 	By:	 	 /s/ Thomas P. Hunt

		 		 	Name: Thomas P. Hunt
		 		 	Title: Senior Vice President and General Counsel

  

[Signature Page to Fourth Amendment to SBA Senior Finance II A&R CRA] 

 
			
	TORONTO DOMINION (TEXAS) LLC, as Administrative Agent
		
	By:	 	 /s/ Bebi Yasin

		 	Name: BEBI YASIN
		 	Title: AUTHORIZED SIGNATORY

  

[Signature Page to Fourth Amendment to SBA Senior Finance II A&R CRA] 

 
			
	CITIBANK, N.A., as a Lender
		
	By:	 	 /s/ Monique Renta

		 	Name: Monique Renta
		 	Title: Vice President

  

[Signature Page to Fourth Amendment to SBA Senior Finance II A&R CRA]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}]]