Document:

EXHIBIT 4.42

 

AMENDMENT NO. 3 TO SERIES 2009-1 SUPPLEMENT

 

THIS AMENDMENT NO. 3, dated
as of April 23, 2010 (the “Amendment”), to the Agreement (as
defined below), is entered into by TAL Advantage III LLC, a Delaware limited
liability company (the “Issuer”), Wells Fargo Bank, National
Association, as indenture trustee (the “Indenture Trustee”), and
consented to by Wells Fargo Bank, National Association, as Control Party for Series 2009-1
(“WFBNA”).

 

WITNESSETH:

 

WHEREAS, the Issuer and the
Indenture Trustee have previously entered into the Series 2009-1
Supplement, dated as of October 23, 2009 (as amended, supplemented and
otherwise modified from time to time, the “Agreement”); and

 

WHEREAS, the parties hereto
desire to amend the Agreement as set forth herein;

 

NOW THEREFORE, in
consideration of the premises and mutual covenants herein contained, the
parties hereto agree as follows:

 

SECTION 1.                                         Defined Terms.  Unless otherwise amended by the terms of this
Amendment, capitalized terms used in this Amendment shall have the meanings
assigned in the Agreement.

 

SECTION 2.                                         Amendments to
Agreement.

 

(a)                                                                                              The definition
of “Base Rate” in Section 101 of the Agreement is hereby amended and
restated in its entirety to read as follows:

 

““Base Rate” means on any date, a fluctuating
rate of interest per annum equal to the highest of (a) the Prime Rate, (b) the
Federal Funds Rate plus 0.50% per annum, and (c) if a Series 2009-1
Noteholder has notified the Issuer in writing that Market Disruption Pricing
Event is then continuing with respect to a Series 2009-1 Noteholder, an
interest rate per annum solely with respect to such Series 2009-1
Noteholder equal to the lesser of (x) one and one half of one percent
(1.50%) over the then Adjusted Eurodollar Rate (determined in accordance with
the terms of this Supplement) and (y) the Actual Cost of Funds (as such
term is set forth in the definition of Market Disruption Pricing Event).  Such Series 2009-1 Noteholder shall
notify the Issuer in writing of its Actual Cost of Funds for such Interest
Accrual Period, which notification shall be determinative absent manifest
error.”

 

(b)                                                                                             The definition
of “Eurodollar Disruption Event” in Section 101 of the Agreement is hereby
amended and restated in its entirety to read as follows:

 

““Eurodollar Disruption Event” means as of any date of
determination, the existence of any of the following events or conditions: (a) a
reasonable determination by a Series 2009-1 Noteholder that it would be
contrary to law, or to the directive of any central bank or other governmental
authority (whether or not having the force of law), to obtain Dollars in the
London 

 

 

interbank market to make, fund or maintain its investment in any Series 2009-1
Note, (b) the inability of a Series 2009-1 Noteholder (due to no fault
of its own) to obtain Dollars in the London interbank market to make, fund or
maintain its investment in any Series 2009-1 Note, (c) a
determination by a Series 2009-1 Noteholder (or any of its assignees or
participants) or the related Deal Agent that the Adjusted Eurodollar Rate does
not accurately reflect the rate at which deposits of Dollars are being offered
to such Series 2009-1 Noteholder in the London interbank market, or (d) any
Series 2009-1 Noteholder (or any of its assignees or participants) shall
have notified the Deal Agent of the inability, for any reason, of such Series 2009-1
Noteholder (or any of its assignees or participants) to determine the Adjusted
Eurodollar Rate.

 

(c)                                                                                              The definition
of “Majority of Holders” in Section 101 of the Agreement is hereby amended
and restated in its entirety to read as follows:

 

““Majority of Holders” means, with respect
to the Series 2009-1 Notes, one of the following:

 

(A)                                          if there are
two or fewer Series 2009-1 Noteholders, Series 2009-1 Noteholders
representing one hundred percent (100%) of the then Aggregate Series 2009-1
Principal Balance;

 

(B) if there are at
least three Series 2009-1 Noteholders but not more than five Series 2009-1
Noteholders, Series 2009-1 Noteholders representing in aggregate more than
sixty-six and two-thirds percent (66 2/3%) of the then Aggregate Series 2009-1
Principal Balance; or

 

(C) at all times not
covered by clause (A) or clause (B), one or more Series 2009-1
Noteholders representing in aggregate more than fifty percent (50%) of the then
Aggregate Series 2009-1 Principal Balance.”

 

(d)                                                                                             The definition
of “Market Disruption Pricing Event” is inserted in Section 101 of the
Agreement in the appropriate alphabetical order.

 

“Market
Disruption Pricing Event” means, with respect to a Series 2009-1
Noteholder, the existence of all of the following events or conditions on the
date on which the applicable interest rate for the immediately succeeding
Interest Accrual Period is being determined:

 

(i)                                     a determination
is made by such Series 2009-1 Noteholder (or any of its assignees or
participants) or the related Deal Agent that the Adjusted Eurodollar Rate (as
determined in accordance with the terms of this Supplement) does not accurately
reflect the actual cost of funds (the “Actual Cost of Funds”) to such Series 2009-1
Noteholder (or assignee or participants) of making, funding or maintaining any Series 2009-1
Advance for such Interest Accrual Period;

 

(ii)                                  the Actual Cost
of Funds for such Interest Accrual Period exceeds the Adjusted Eurodollar Rate
by more than one percent (1.00%);

 

2

 

(iii)                               a Market
Disruption Pricing Event was not in effect for such Series 2009-1
Noteholder on more than six occasions during the immediately preceding fifteen
(15) months;

 

(iv)                              the Adjusted
Eurodollar Rate is determinable in accordance with the terms of this
Supplement; and

 

(v)                                 such Series 2009-1
Noteholder does not typically use in its normal operation either the Prime Rate
or the Federal Funds Rate as a means of measuring interest rates payable by
borrowers or other obligors.

 

(e)                                                                                              Section 209
of the Supplement is amended to read as follows:

 

“In
the event (i) any Series 2009-1 Noteholder (or any Indemnified Party
with respect to any Series 2009-1 Noteholder) delivers a certificate
requesting compensation pursuant to Section 206 or Section 207 or Section 208
hereof or declaring a Market Disruption Pricing Event, (ii) the Issuer is
required to pay any additional amount to any Series 2009-1 Noteholder (or
any Indemnified Party with respect to any Series 2009-1 Noteholder) or any
Governmental Authority on account of any Series 2009-1 Noteholder (or any
Indemnified Party with respect to any Series 2009-1 Noteholder) pursuant
to Section 206 or (iii) any Series 2009-1 Noteholder does not
consent (or fails to respond) to a proposed amendment, modification or waiver
to any provision of this Supplement or any other Transaction Document requested
by the Issuer (and the Issuer has satisfied all other conditions precedent to
such amendment or waiver but for receiving the consent of such Series 2009-1
Noteholder), the Issuer may, at its sole expense and effort, upon notice to
such Series 2009-1 Noteholder, require such Series 2009-1 Noteholder
to transfer and assign, without recourse (in accordance with and subject to the
restrictions contained in the Indenture), all of its interests, rights and
obligations under this Supplement and the other Transaction Documents to an
assignee that shall assume such assigned obligations (which assignee may be
another Series 2009-1 Noteholder, if a Series 2009-1 Noteholder
accepts such assignment); provided that:

 

(i)                                     such Series 2009-1
Noteholder shall have received payment of an amount equal to the outstanding
principal of its Series 2009-1 Note, accrued interest thereon, accrued
fees and all other amounts payable to it hereunder and under the other
Transaction Documents from the Issuer or the assignee (to the extent of such
outstanding principal and accrued interest and fees) or the Issuer (in the case
of all other amounts);

 

(ii)                                  in the case of
any such assignment resulting from a claim for compensation under Section 207
or 208 or payments required to be made pursuant to Section 206, such
assignment will result in a reduction in such compensation or payments
thereafter; and

 

(iii)                               such assignment
does not conflict with Applicable Law.”

 

SECTION 3.                                         Representations
and Warranties.  The Issuer
hereby confirms that each of the representations and warranties set forth in Article VI
of the Agreement is true and correct as of the date first written above with
the same effect as though each had been made as of such 

 

3

 

date, except to the extent that any of such representations and
warranties expressly relates to earlier dates.

 

SECTION 4.                                         Effectiveness.

 

(a)                                  Except as
expressly amended by the terms of this Amendment, all terms and conditions of
the Agreement, as amended, shall remain in full force and effect and are hereby
ratified and confirmed by the parties hereto.

 

(b)                                 This Amendment
shall be effective upon execution and delivery hereof and shall be binding upon
and inure to the benefit of the parties hereto and their respective successors
and assigns.

 

(c)                                  After the
execution and delivery hereof by the parties hereto, (i) this Amendment
shall be a part of the Agreement, and (ii) each reference in the Agreement
to “this Agreement” and “hereof”, “hereunder” or words of like import, and each
reference in any other document to the Agreement shall mean and be a reference
to the Agreement as amended or modified hereby.

 

(d)                                 Each party
hereto agrees and acknowledges that this Amendment constitutes a “Transaction
Document” under the Indenture.

 

SECTION 5.                                         Execution in
Counterparts. This Amendment may be executed by the parties
hereto in several counterparts (which may include facsimile or PDF file), each
of which shall be executed by the Issuer, the Indenture Trustee and the Control
Party, and be deemed an original and all of which shall constitute together but
one and the same agreement.

 

SECTION 6.                                         Governing Law.  THIS AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT GIVING
EFFECT TO PRINCIPLES OF CONFLICTS OF LAW (EXCEPT SECTIONS 5-1401 AND 5-1402 OF
THE GENERAL OBLIGATIONS LAW).

 

SECTION 7.                                         Consent to
Jurisdiction.  The parties
hereto hereby irrevocably consent to the personal jurisdiction of the state and
federal courts located in New York County, New York, in any action, claim or
other proceeding arising out of any dispute in connection with this Amendment,
any rights or obligations hereunder, or the performance of such rights and
obligations.

 

SECTION 8.                                         Entire
Agreement.  This
Amendment constitutes the entire agreement between the parties hereto
pertaining to the subject matter hereof.

 

[Signature Pages Follow]

 

4

 

IN WITNESS WHEREOF, the
parties have caused this Amendment to be executed by their respective officers
thereunto duly authorized, as of the date first above written.

 

	
   

  	
  TAL
  ADVANTAGE III LLC, as Issuer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

Amendment
3 to Series 2009-1 Supplement

 

 

	
   

  	
  WELLS
  FARGO BANK, NATIONAL ASSOCIATION, as Indenture Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

Amendment
3 to Series 2009-1 Supplement

 

 

	
   

  	
  WELLS
  FARGO BANK, NATIONAL ASSOCIATION, as the Control Party for Series 2009-1

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

Amendment
3 to Series 2009-1 SupplementEXHIBIT 4.43

 

AMENDMENT 4 TO SERIES 2009-1 NOTE PURCHASE AGREEMENT

 

THIS AMENDMENT 4, dated as of April 23, 2010 (the “Amendment”),  is to the Series 2009-1 Note Purchase
Agreement, dated as of October 23, 2009 (as amended, supplemented and
otherwise modified from time to time in accordance with its terms, the “Agreement”),
among TAL ADVANTAGE III LLC, a limited liability company organized under the
laws of the State of Delaware (the “Issuer”), WELLS FARGO BANK, NATIONAL
ASSOCIATION, as Purchaser (“WFBNA”), WELLS FARGO SECURITIES, LLC, as
Wells Fargo Deal Agent (“WFS”), and FORTIS BANK (NEDERLAND) N.V., as
Purchaser (“Fortis”).

 

W
I T N E S S E T H:

 

WHEREAS, the parties have previously entered into the Agreement;

 

WHEREAS, the parties hereto desire to amend the Agreement in certain
respects as provided herein; and

 

NOW THEREFORE, in consideration of the premises and mutual covenants
herein contained, the parties hereto agree as follows:

 

1.             Defined Terms.  Unless otherwise amended by the terms of this
Amendment, terms used in this Amendment shall have the meanings assigned in the
Agreement.

 

2.             Amendment to
the Agreement.

 

(a)           Simultaneously
with the execution of this Amendment, Fortis will execute an Addition Notice
pursuant to which Fortis will hereby join to the Agreement as a Purchaser and a
Series 2009-1 Noteholder with a Purchase Limit and a Series 2009-1
Note Existing Commitment in an amount equal to $50,000,000.  The Issuer is aware that Fortis intends to
enter into a legal merger with ABN AMRO Bank N.V. under Dutch law.  Notwithstanding any provision to the contrary
contained in this Agreement or any other Transaction Document, the Issuer
acknowledges and agrees that as a consequence of such merger, all rights and
obligations of Fortis under this Agreement shall be transferred by Fortis to
ABN AMRO Bank N.V, by operation of law.

 

(b)           The Agreement
is hereby amended by amending and restating Schedule 2 to the Agreement
in the form attached as Schedule 2 hereto.

 

3.             Representations,
Warranties and Covenants of the Issuer.  The Issuer hereby represents, warrants and
covenants for itself (unless otherwise provided):

 

(i)            It is duly
organized and validly existing under the laws of the jurisdiction of its
organization and in good standing and duly qualified to do business in each
jurisdiction where the failure to do so would have a material adverse effect
upon its financial condition and business;

 

(ii)           It has power,
and is duly authorized, to execute and deliver this Amendment, and it is
authorized to perform its obligations under this Amendment;

 

 

(iii)          The execution,
delivery and performance of this Amendment does not and will not require any
consent or approval of any Governmental Authority, manager or any other Person
which is not being obtained herein;

 

(iv)          This Amendment,
when duly executed and delivered by the parties hereto, shall be legal, valid
and binding obligation of Issuer, enforceable against Issuer in accordance with
the terms set forth herein;

 

(v)           No Early
Amortization Event, Event of Default or Manager Default or event which, with
notice or lapse of time or both, would constitute an Early Amortization Event,
Event of Default or Manager Default has occurred and is continuing, and no
Early Amortization Event, Event of Default or Manager Default shall occur as a
result of the execution, delivery and performance of this Amendment; and

 

(vi)          Each of the
conditions precedent necessary to amend the Agreement as set forth herein have
been, or contemporaneously with the execution of this Amendment will be,
satisfied.

 

4.             Scope and
Effectiveness of Amendment.

 

(a)           This Amendment
and the agreements set forth herein shall be effective upon execution and
delivery hereof (the “Effective Date”) and shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and
assigns.

 

(b)           On and after
the execution and delivery hereof, (i) this Amendment shall become a part
of the Agreement and (ii) each reference in the Agreement to “this
Agreement”, or “hereof”, “hereunder” or words of like import, and each
reference in any other document to the Agreement shall mean and be a reference
to the Agreement as amended or modified hereby.

 

(c)           Except as
expressly amended or modified hereby, the Agreement shall remain in full force
and effect and is hereby ratified and confirmed by the parties hereto.

 

(d)           Each party
hereto agrees and acknowledges that this Amendment constitutes a “Transaction
Document” under the Indenture.

 

5.             Entire
Agreement.  This
Amendment represents the entire agreement between the parties with respect to
the subject matter hereof.

 

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

 

7.             Governing Law.  THIS
AMENDMENT SHALL BE CONSTRUED BY AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF NEW YORK, INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL
OBLIGATIONS LAWS BUT OTHERWISE WITHOUT GIVING EFFECT TO THE PRINCIPLES OF
CONFLICTS OF LAWS, THAT WOULD RESULT IN APPLICATION OF LAWS OTHER THAN THE
STATE NEW YORK, AND THE RIGHTS, OBLIGATIONS AND REMEDIES OF THE PARTIES HERETO
SHALL BE 

 

2

 

DETERMINED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK.

 

[Signature Pages Follow]

 

3

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed by their respective officers as of the day and year first above
written.

 

	
  THE ISSUER:

  	
   

  	
  TAL ADVANTAGE III LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:
  TAL International Container Corporation, its manager

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  

 

Amendment
4 to Series 2009-1 Note Purchase Agreement

 

 

	
  THE PURCHASERS:

  	
   

  	
  WELLS FARGO BANK, NATIONAL ASSOCIATION, as 

  
	
   

  	
   

  	
  Purchaser

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  

 

 

	
  THE PURCHASERS:

  	
   

  	
  FORTIS BANK (NEDERLAND) N.V., as Purchaser

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  

 

 

	
  THE DEAL AGENT:

  	
   

  	
  WELLS FARGO SECURITIES, LLC, as Wells Fargo Deal 

  
	
   

  	
   

  	
  Agent

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  

 

Amendment
4 to Series 2009-1 Note Purchase Agreement

 

 

SCHEDULE 2

 

PURCHASE LIMITS

 

	
  Purchaser

  	
   

  	
  Purchase Limit

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Wells Fargo Bank, National
  Association

  	
   

  	
  $

  	
  245,000,000

  	
   

  
	
  Fortis Bank (Nederland)
  N.V.

  	
   

  	
  $

  	
  50,000,000

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