Document:

Prepared by R.R. Donnelley Financial -- SEVENTH AMENDMENT TO CREDIT AGREEMENT

  
  
 Exhibit 10.44 
  
 SEVENTH AMENDMENT TO CREDIT AGREEMENT 
  
 SEVENTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of December 31, 2001, among U.S.I. HOLDINGS CORPORATION, a Delaware corporation (the “Borrower”), the various
lenders from time to time party to the Credit Agreement referred to below (the “Lenders”), CREDIT LYONNAIS CAYMAN ISLAND BRANCH, as Administrative Agent (the “Administrative Agent”) and JPMORGAN CHASE BANK (f/k/a The Chase
Manhattan Bank), as Syndication Agent (the “Syndication Agent”). All capitalized terms used herein and not otherwise defined shall have the respective meanings assigned to such terms in the Credit Agreement. 
  
 WITNESSETH: 
  
 WHEREAS, the Borrower, the Lenders, the Administrative Agent and the Syndication Agent are parties to a Credit Agreement, dated as of September 17, 1999 (as amended, modified or supplemented to the date hereof, the “Credit
Agreement”); 
  
 WHEREAS, the Borrower has requested that the Lenders agree to amend certain provisions of the
Credit Agreement as herein provided; and 
  
 WHEREAS, the Lenders have agreed to the amendments to the Credit
Agreement as herein provided, subject to the terms and conditions set forth herein; 
  
 NOW, THEREFORE, the parties
hereto agree as follows: 
  
 1.    Section 7.1(d) of the Credit Agreement is hereby amended by
deleting the table appearing therein in its entirety and inserting in lieu thereof the following new table: 
  
 
	 First Quarter
 
	  	 Amount
 

	 March 31, 2000
 	  	 $190,000,000
 
	 June 30, 2000
 	  	 $190,000,000
 
	 September 30, 2000
 	  	 $190,000,000
 
	 December 31, 2000
 	  	 $190,000,000
 
	 March 31, 2001
 	  	 $185,000,000
 
	 June 30, 2001
 	  	 $175,000,000
 
	 September 30, 2001
 	  	 $170,000,000
 
	 December 31, 2001
 	  	 $124,000,000
 
	 March 31, 2002
 	  	 $107,000,000
 
	 June 30, 2002
 	  	 $101,000,000
 
	 September 30, 2002
 	  	 $101,000,000
 
	 December 31, 2002
 	  	 $101,000,000
 
	 March 31, 2003
 	  	 $250,000,000
 
	 June 30, 2003
 	  	 $250,000,000
 
	 September 30, 2003
 	  	 $250,000,000
 
	 December 31, 2003
 	  	 $250,000,000
 
	 March 31, 2004
 	  	 $250,000,000
 
	 June 30, 2004
 	  	 $250,000,000
 
	 September 30, 2004
 	  	 $250,000,000
 

 

  
 2.    The Borrower hereby represents and warrants that (x)
all representations and warranties contained in Section 4 of the Credit Agreement are true and correct in all material respects on and as of the Seventh Amendment Effective Date (as defined below) after giving effect to this Amendment (unless such
representations and warranties relate to a specific earlier date, in which case such representations and warranties shall be true and correct as of such earlier date) and (y) there exists no Default or Event of Default on the Seventh Amendment
Effective Date, after giving effect to this Amendment. 
  
 3.    This Amendment is limited as
specified and shall not constitute a modification, acceptance or waiver of any provision of the Credit Agreement or any other Loan Document except as expressly set forth herein. 
  
 4.    This Amendment may be executed in any number of counterparts and by the different parties hereto on separate counterparts, each of which
counterparts when executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. A complete set of counterparts shall be lodged with the Borrower and the Administrative Agent. 

 
 5.    THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED IN
ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK. 
  
 6.    This Amendment
shall become effective as of the date first written above on the date (the “Seventh Amendment Effective Date”) when each of the Borrower and the Required Lenders shall have signed a counterpart hereof (whether the same or different
counterparts) and shall have delivered (including by way of facsimile transmission) the same to the Administrative Agent at its notice office, shall have been signed by the parties thereto. This amendment shall supersede the changes to section
7.1(d) of the Credit Agreement made by the Fifth Amendment to Credit Agreement dated as of December 31, 2001. 
  
 7.    From and after the Seventh Amendment Effective Date, all references in the Credit Agreement and each of the Loan Documents to the Credit Agreement shall be deemed to be references to the Credit Agreement
after giving effect to this Amendment. 
  
 *    *    * 
 

 2 

 IN WITNESS WHEREOF, the parties hereto have caused a counterpart of this Amendment to be duly executed and delivered as
of the date first above written. 
  
 
	 U.S.I. HOLDINGS CORPORATION
 
	  	 	  
	 By:
 	 	     /s/    Edward J. Bowler
 

	  	 	 Name: Edward J. Bowler
 
	  	 	 Title:   Senior Vice President & CFO
 
	  	 	  
	 CREDIT LYONNAIS CAYMAN ISLAND BRANCH
 
	  	 	  
	 By:
 	 	     /s/    W. Michael George
 

	  	 	 Name: W. Michael George
 
	  	 	 Title:   Authorized Signature
 
	  	 	  
	 JPMORGAN CHASE BANK
 
	  	 	  
	 By:
 	 	     /s/    Helen L. Newcomb
 

	  	 	 Name: Helen L. Newcomb
 
	  	 	 Title:   Vice President
 
	  	 	  
	 FIRSTAR BANK, N.A.
 
	  	 	  
	 By:
 	 	 

	  	 	 Name:
 
	  	 	 Title:
 

 
 

 3<PAGE>
                                                                     EXHIBIT 4.3

                           AMERICAN BANK NOTE COMPANY
                             55TH and SANSOM STREET
                             PHILADELPHIA, PA 19139
                                 (215) 764-8600
                       SALES:  B. WARNER: 1-708-599-0404
                        HOME 12/LIVE JOBS/T/TAYLOR 74119

               PRODUCTION COORDINATOR: SUE MCNAMEE: 215-764-8613
                              PROOF AUGUST 5, 2002
                            TAYLOR CAPITAL GROUP, INC.
                                   H 74119 FC
                            OPERATOR:            JW
                                     REV. 1

COUNTERSIGNED AND REGISTERED:
                     LASALLE BANK NATIONAL ASSOCIATION
                                          TRANSFER AGENT AND REGISTRAR

BY

                                                  AUTHORIZED SIGNATURE

                     COMMON STOCK         COMMON STOCK

     Number                                                         Shares

    TCG

                               TAYLOR CAPITAL GROUP

                                        SEE REVERSE SIDE FOR CERTAIN DEFINITIONS

INCORPORATED UNDER THE LAWS
 OF THE STATE OF DELAWARE                         CUSIP 876851 10 6

  THIS CERTIFIES THAT

  IS THE RECORD HOLDER OF

        FULLY PAID AND NONASSESSABLE SHARES OF THE COMMON STOCK, $0.01
                           PAR VALUE PER SHARE, OF

                           TAYLOR CAPITAL GROUP, INC.

transferable on the books of the Corporation in person or by duly authorized
attorney upon surrender of this Certificate properly endorsed. This Certificate
is not valid until countersigned and registered by the Transfer Agent and
Registrar.
  WITNESS the facsimile seal of the Corporation and the facsimile signatures of
  its duly authorized officers.

  Dated:

/s/ John Christopher Alstrin [TAYLOR CAPITAL GROUP, INC. /s/ Jeffrey W Taylor
                                      DELAWARE
   CHIEF FINANCIAL OFFICER         CORPORATE SEAL]      CHAIRMAN OF THE BOARD
       AND SECRETARY                                AND CHIEF EXECUTIVE OFFICER

THIS COLOR PROOF IS NOT A TRUE REPRESENTATION OF THE ACTUAL DOCUMENT.
COLORS SELECTED FOR PRINTING WILL FOLLOW:
FOUR COLOR PROCESS, PMS COLORS FOR INTAGLIO.
<PAGE>

                           TAYLOR CAPITAL GROUP, INC.

     The Corporation will furnish without charge, to each stockholder who so
requests, a copy of the provisions setting forth the powers, designations,
preferences and relative, participating, optional or other special rights of
each class of stock or series thereof which the Corporation is authorized to
issue, and the qualifications, limitations or restrictions of such preferences
and/or rights. Any such request may be addressed to the Secretary of the
Corporation or to the Transfer Agent named on the face hereof.

                                ----------------

     The following abbreviations, when used in the inscription on the face of
this certificate, shall be construed as through they were written out in full
according to applicable laws or regulations:

TEN COM - as tenants in common
TEN ENT - as tenants by the entireties
 JT TEN - as joint tenants with
          right of survivorship and
          not as tenants in common

UNIF GIFT MIN ACT - _________________________ Custodian ____________________
                             (Cust)                            (Minor)
                    under Uniform Gifts to Minors

                    Act ____________________________________________________
                                             (State)

 UNIF TRF MIN ACT - _________________________ Custodian (until age ________)
                             (Cust)

                    _______________________________ under Uniform Transfers
                             (Minor)

                    to Minors

                    Act ____________________________________________________
                                             (State)

    Additional abbreviations may also be used though not in the above list.

For Value received, ___________________________________hereby sell, assign and
transfer unto

PLEASE INSERT SOCIAL SECURITY OR OTHER
  IDENTIFYING NUMBER OF ASSIGNEE
______________________________________
|                                     |
|_____________________________________|_________________________________________

________________________________________________________________________________
             PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS OF ASSIGNEE
________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

__________________________________________________________________________Shares

of the capital stock represented by the within Certificate, and do hereby
irrevocably constitute and appoint _____________________________________________

_______________________________________________________ Attorney to transfer the
said stock on the books of the within named Corporation with full power of
substitution in the premises.

Dated, _______________________   X _____________________________________________

                                 X _____________________________________________
                                   NOTICE: THE SIGNATURES(S) TO THIS ASSIGNMENT
                                   MUST CORRESPOND WITH THE NAME(S) AS WRITTEN
                                   UPON THE FACE OF THE CERTIFICATE, IN EVERY
                                   PARTICULAR, WITHOUT ALTERATION OR
                                   ENLARGEMENT, OR ANY CHANGE WHATEVER.

SIGNATURE(S) GUARANTEED:

BY

_________________________________________________
THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE
GUARANTOR INSTITUTION (BANKS, STOCKBROKERS,
SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS
WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE
MEDALLION PROGRAM) PURSUANT TO S.E.C. RULE 17Ad-15.

-------------------------------------       ------------------------------------
AMERICAN BANK NOTE COMPANY                  PRODUCTION COORDINATOR: SUE McNAMEE:
55TH and SANSOM STREET                                              215-764-8613
PHILADELPHIA, PA 19139                      PROOF AUGUST 2, 2002
(215) 764-8600                              TAYLOR CAPITAL GROUP, INC.
SALES: B. WARNER: 1-708-599-0404            H 74119 bk
HOME 12/LIVE JOBS/T/TAYLOR 74119            OPERATOR:  JW
                                            NEW
-------------------------------------       ------------------------------------

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00043-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00043-of-00352.parquet"}]]