Document:

enva-ex1041_47.htm

Exhibit 10.41

Execution Version

AMENDMENT NO. 3 TO

CREDIT AGREEMENT

 

This AMENDMENT NO. 3 TO CREDIT AGREEMENT (this “Amendment”) dated as of October 2, 2020, is entered into by and among ONDECK ASSET FUNDING II LLC, a Delaware limited liability company (“Company”), the Lenders party hereto which constitute all the Lenders currently party to the Credit Agreement (as defined below) and ARES AGENT SERVICES, L.P., as Administrative Agent for the Lenders (in such capacity, “Administrative Agent”).

RECITALS:

WHEREAS, Company, the Lenders party thereto from time to time, the Administrative Agent, ARES AGENT SERVICES, L.P., as Collateral Agent, and WELLS FARGO BANK, N.A., as Paying Agent, entered into a Credit Agreement, dated as of August 8, 2018, as amended by Amendment No. 1 to Credit Agreement, dated as of May 19, 2020 and as amended by Amendment No. 2 to Credit Agreement, dated as of June 10, 2020 (as may be further amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), pursuant to which the Lenders have made advances and other financial accommodations to Company. Capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the Credit Agreement, as amended hereby; 

WHEREAS, Company, the Lenders and the Administrative Agent desire to amend the Credit Agreement as set forth herein subject to the terms and conditions set forth herein; and

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

SECTION 1.    AMENDMENTS TO THE CREDIT AGREEMENT

The Credit Agreement is, effective as of the Third Amendment Effective Date (as defined below) and subject to the satisfaction of the conditions precedent set forth in Section 4.1 hereof, hereby amended as follows:

 

1.1   Section 1.1 of the Credit Agreement. 

(a)   The following new definitions are hereby added to Section 1.1 of the Credit Agreement in the appropriate alphabetical order:

“Enova” means Enova International Inc., a Delaware corporation.

“Enova Merger Change of Control” means, the closing, at any time through and including November 6, 2020, of the merger of Energy Merger Sub, Inc., an indirect wholly owned subsidiary of Enova, with and into Holdings in accordance with the Agreement and Plan of Merger, dated as of July 28, 2020, by and among Enova, Energy Merger Sub, Inc. and Holdings where the result of implementing such merger in accordance with such agreement is that 100% of the Capital Stock of Holdings is owned, directly or indirectly, by Enova.

LEGAL_US_E # 150946042.5

 
 

 

“Third Amendment” means that certain Amendment No. 3 to Credit Agreement, dated as of October 2, 2020, by and among the Company, the Lenders party thereto and the Administrative Agent.

“Third Amendment Effective Date” has the meaning set forth in Section 3.1 of the Third Amendment, which for the avoidance of doubt shall be the closing date of the transaction consummating the Enova Merger Change of Control.

“Transitional Period” means, the period beginning upon the occurrence of an Enova Merger Change of Control and continuing through April 1, 2021.

1.2  Section 5.1(k) of the Credit Agreement.  Section 5.1(k) of the Credit Agreement is hereby amended by removing the “; and” at the end of clause (iv), removing “.” From the end of clause (v) and adding “; and” to the end of clause (v) and adding the following as a new clause (vi):

(vi)immediately, notice of an Enova Merger Change of Control (which notice may be delivered by email).

 

1.3  Appendix E to the Credit Agreement. The definition of “Early Amortization Event” in Appendix E to the Credit Agreement is hereby amended as follows:

(i)clause (f) thereto is hereby amended by adding the following proviso “; provided, the Enova Merger Change of Control shall not be considered a Change of Control solely during the Transitional Period” at the end thereof. 

Section 2.REPRESENTATIONS AND WARRANTIES

In order to induce the Administrative Agent and the Lenders party hereto to enter into this Amendment, Company represents and warrants to the Administrative Agent and each Lender, on the Third Amendment Effective Date, that the following statements are true and correct, it being understood and agreed that the representations and warranties made on the Third Amendment Effective Date are deemed to be made concurrently with the consummation of the transactions contemplated hereby:

2.1Due Authorization. The execution, delivery and performance of this Amendment have been duly authorized by all necessary action on the part of Company.

2.2Binding Obligation. This Amendment has been duly executed and delivered by Company and is the legally valid and binding obligation of Company enforceable against Company in accordance with its terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability.

2.3Incorporation of Representations and Warranties from Credit Agreement. The representations and warranties contained in Section 4 of the Credit Agreement are true and correct in all material respects on and as of the Third Amendment Effective Date as though made on and as of that date, except to the extent such representations and warranties 

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specifically relate to an earlier date, in which case they were true and correct in all material respects on and as of such earlier date; provided that, in each case, such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof.

2.4Absence of Default.  

(a)No event has occurred and is continuing or will result from the consummation of this Amendment that would constitute an Early Amortization Event, a Default, an Event of Default or a Servicer Default.

(b)No Borrowing Base Deficiency shall have occurred and be continuing under the Credit Agreement or will result from the consummation of the transactions contemplated by this Amendment.

SECTION 3.    MISCELLANEOUS

3.1Conditions of Effectiveness. This Amendment shall become effective as of the date (such date, the “Third Amendment Effective Date”) on which:

(a)the Administrative Agent has received counterparts of this Amendment executed by Company, the Administrative Agent and the Lenders party hereto;

(b) the occurrence of an Enova Merger Change of Control; and

(c)the Company shall have paid in full (i) the Administrative Agent’s costs and expenses, including the fees and expenses of counsel to the Administrative Agent, in connection with this Amendment and (ii) the fees and expenses of counsel to the Lenders in connection with this Amendment. 

3.2Reference to and Effect on the Credit Agreement and the Other Credit Documents. 

(a)       On and after the Third Amendment Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the Credit Documents and the Related Agreements to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended by this Amendment.  This Amendment is hereby designated as a Credit Document for all purposes of the Credit Documents.

(b)This Amendment is hereby designated as a Credit Document.

(c)      Except as expressly set forth herein, no other amendments, changes or modifications to the Credit Agreement and each other Credit Document are intended or implied, and in all other respects the Credit Agreement and each other Credit Document are and shall continue to be in full force and effect and are hereby in all respects specifically ratified, restated and confirmed by all parties hereto as of the Third Amendment Effective Date and Company shall 

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not be entitled to any other further amendment by virtue of the provisions of this Amendment or with respect to the subject matter of this Amendment. To the extent of conflict between the terms of this Amendment and the other Credit Documents, the terms of this Amendment shall control. The Credit Agreement and this Amendment shall be read and construed as one agreement.

(d)      The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender, the Administrative Agent, the Collateral Agent or the Paying Agent under the Credit Agreement, nor constitute a waiver of any provision of the Credit Agreement.

3.3RELEASE.  IN CONSIDERATION OF THE AMENDMENTS CONTAINED HEREIN THE SUFFICIENCY OF WHICH IS HEREBY ACKNOWLEDGED, Company, ON BEHALF OF ITSELF AND its SUBSIDIARIES, HEREBY IRREVOCABLY RELEASES AND FOREVER DISCHARGES the Administrative AGENT AND EACH LENDER AND EACH OF THEIR RESPECTIVE AFFILIATES AND ITS OFFICERS, PARTNERS, DIRECTORS, TRUSTEES, EMPLOYEES AND AGENTS (EACH, A “RELEASED PERSON”) OF AND FROM ALL DAMAGES, LOSSES, CLAIMS, DEMANDS, LIABILITIES, OBLIGATIONS, ACTIONS AND CAUSES OF ACTION WHATSOEVER WHICH ANY SUCH PERSON MAY NOW HAVE OR CLAIM TO HAVE ON AND AS OF THE DATE HEREOF AGAINST ANY RELEASED PERSON, WHETHER PRESENTLY KNOWN OR UNKNOWN, LIQUIDATED OR UNLIQUIDATED, SUSPECTED OR UNSUSPECTED, CONTINGENT OR NON-CONTINGENT, AND OF EVERY NATURE AND EXTENT WHATSOEVER WITH RESPECT TO THE CREDIT AGREEMENT AND THE OTHER CREDIT DOCUMENTS AND THE TRANSACTIONS CONTEMPLATED THEREBY (COLLECTIVELY, “CLAIMS”).  COMPANY REPRESENTS AND WARRANTS TO THE ADMINISTRATIVE AGENT AND EACH LENDER THAT NONE OF IT OR ITS SUBSIDIARIES HAS GRANTED OR PURPORTED TO GRANT TO ANY OTHER PERSON ANY INTEREST WHATSOEVER IN ANY CLAIM, AS SECURITY OR OTHERWISE.

3.4Binding Effect. This Amendment shall be binding upon and inure to the benefit of each of the parties hereto, each of the Lenders and each of their respective successors and assigns.

3.5Governing Law. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW) THEREOF.

3.6Execution in Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.  The words “execution,” signed,” “signature,” and words of like import in this Amendment or in any other certificate, agreement or document related to this Amendment shall include images of manually executed signatures transmitted by facsimile or other electronic format (including, without limitation, “pdf”, “tif” or “jpg”) and other electronic signatures (including, without limitation, DocuSign and AdobeSign).  The use of electronic 

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signatures and electronic records (including, without limitation, any contract or other record created, generated, sent, communicated, received, or stored by electronic means) shall be of the same legal effect, validity and enforceability as a manually executed signature or use of a paper-based record-keeping system to the fullest extent permitted by applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act and any other applicable law, including, without limitation, any state law based on the Uniform Electronic Transactions Act or the Uniform Commercial Code.

3.7Headings. Section headings herein are included herein for convenience of reference only and shall not constitute a part hereof for any other purpose or be given any substantive effect.

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LEGAL_US_E # 150946042.5

 
 

Exhibit 10.41

Execution Version

 

IN WITNESS THEREOF, the parties hereto have caused this Amendment No. 3 to Credit Agreement to be executed by their respective officers thereunto duly authorized, as of the date first above written.

 

ONDECK ASSET FUNDING II LLC, 

as Company

 

By:_________________/s/

Name: Kenneth A. Brause

Title:  Chief Financial Officer

 

 

ARES AGENT SERVICES, L.P., 

as Administrative Agent

 

By: Ares Agent Services GP LLC,

its General Partner

 

By:_________________/s/

Name: Jeffrey W. Kramer

Title:  Authorized Signatory

 

 

Liberty Mutual Insurance Company, 

as a Class A Lender 

 

By: Liberty Mutual Group Asset Management Inc., its Adviser

 

By:_________________/s/

Name: Paul Mitrokostas

Title:  Executive Vice President

 

LEGAL_US_E # 150946042.5

 
 

 

Peerless Insurance Company, 

as a Class A Lender 

 

By: Liberty Mutual Group Asset Management Inc., its Adviser

 

By:_________________/s/

Name: Paul Mitrokostas

Title:  Executive Vice President

 

Employers Insurance Company of Wausau, 

as a Class A Lender 

 

By: Liberty Mutual Group Asset Management Inc., its Adviser

 

 

By:_________________/s/

Name: Paul Mitrokostas

Title:  Executive Vice President

 

The Ohio Casualty Insurance Company, 

as a Class A Lender 

 

By: Liberty Mutual Group Asset Management Inc., its Adviser

 

By:_________________/s/

Name: Paul Mitrokostas

Title:  Executive Vice President

 

 

[Amendment No. 3 to Credit Agreement]

LEGAL_US_E # 150946042.5

 
 

 

LIBERTY MUTUAL FIRE INSURANCE COMPANY, 

as a Class A Lender 

 

By: Liberty Mutual Group Asset Management Inc., its Adviser

 

By:_________________/s/

Name: Paul Mitrokostas

Title:  Executive Vice President

 

 

SAFECO INSURANCE COMPANY OF AMERICA, 

as a Class A Lender 

 

By: Liberty Mutual Group Asset Management Inc., its Adviser

 

By:_________________/s/

Name: Paul Mitrokostas

Title:  Executive Vice President

 

 

ARES SECURED INCOME MASTER FUND LP, 

as a Class A Lender 

 

By: Ares Management LLC, 

its Manager

 

By:_________________/s/

Name: Jeffrey W. Kramer

Title:  Authorized Signatory

 

[Amendment No. 3 to Credit Agreement]

LEGAL_US_E # 150946042.5

 
 

 

SONORAN CACTUS PRIVATE ASSET BACKED FUND, LLC, 

as a Class B Lender 

 

By:  Ares Cactus Operating Manager GP, LLC, its Manager

 

By:_________________/s/

Name: Jeffrey W. Kramer

Title:  Authorized Signatory

 

GLENLAKE LOAN FUND, LLC, 

as a Class B Lender 

 

By:  Ares Management LLC, its Investment Manager

 

By:_________________/s/

Name: Jeffrey W. Kramer

Title:  Authorized Signatory

 

ARES CREDIT STRATEGIES INSURANCE DEDICATED FUND SERIES OF SALI MULTI-SERIES FUND, L.P., 

as a Class B Lender 

 

By:  Ares Management LLC, its investment subadvisor

 

By:_________________/s/

Name: Matthew Jill

Title:  Authorized Signatory

 

SA REAL ASSETS 20 LIMITED, 

as a Class B Lender 

 

By:  Ares Management LLC, its investment manager

 

By:_________________/s/

Name: Matthew Jill

Title:  Authorized Signatory

 

[Amendment No. 3 to Credit Agreement]

LEGAL_US_E # 150946042.5

 
 

 

ARES ASSET-BACKED LOAN FUND LP, 

as a Class B Lender 

 

By:  Ares Capital Management III LLC, its

management company

 

By:_________________/s/

Name: Jeffrey W. Kramer

Title:  Authorized Signatory

 

 

[Amendment No. 3 to Credit Agreement]

LEGAL_US_E # 150946042.5enva-ex1043_49.htm

 

Exhibit 10.43

 

OMNIBUS AMENDMENT NO. 1 TO THE

AMENDED AND RESTATED CREDIT AGREEMENT 

AND CERTAIN OTHER CREDIT DOCUMENTS

 

This OMNIBUS AMENDMENT NO. 1 TO AMENDED AND RESTATED CREDIT AGREEMENT AND CERTAIN OTHER CREDIT DOCUMENTS (this “Amendment”) dated as of November 15, 2019, is entered into by and among PRIME ONDECK RECEIVABLE TRUST II, LLC, a Delaware limited liability company (“Company”), On Deck Capital, Inc., a Delaware corporation with operations in Arlington, Virginia (“Holdings” and “Servicer”), the Lenders party hereto which constitute the Requisite Class A Lenders and CREDIT SUISSE AG, NEW YORK BRANCH as Administrative Agent for the Class A Lenders (in such capacity, the “Administrative Agent”) and Wells Fargo Bank, N.A. as Paying Agent and as Collateral Agent (in such capacity, the “Paying Agent” and “Collateral Agent”).

RECITALS:

WHEREAS, Company, the Lenders party thereto from time to time, the Administrative Agent, Paying Agent and Collateral Agent entered into an Amended and Restated Credit Agreement, dated as of March 12, 2019 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) pursuant to which the Lenders have made advances and other financial accommodations to Company. Capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the Credit Agreement.

WHEREAS, Company, as seller, and Holdings, as purchaser, entered into a Bill of Sale, dated as of November 15, 2019 (the “Bill of Sale”) pursuant to which the Company entered into a Permitted Asset Sale as permitted by Section 6.8 of the Credit Agreement (such sale, “First Amendment Permitted Asset Sale”).

WHEREAS, Company has elected to repay the Loans on the First Amendment Effective Date pursuant to Section 2.8 of the Credit Agreement (the “First Amendment Effective Date Repayment”) and partially reduce the Class A Commitments pursuant to Section 2.9 of the Credit Agreement effective as of the First Amendment Effective Date (the “Voluntary Commitment Reduction”).

WHEREAS, Company, Holdings, Servicer, the Lenders party hereto, Administrative Agent, Paying Agent and Collateral Agent have agreed to amend the Credit Agreement and certain other Credit Documents to which they are party and as specified herein as set forth herein subject to the terms and conditions set forth herein.

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

SECTION 1.AMENDMENTS TO THE CREDIT AGREEMENT AND OTHER CREDIT DOCUMENTS

 

 

 

The Credit Agreement is, effective as of the First Amendment Effective Date and subject to the satisfaction of the conditions precedent set forth in Section 3.1 hereof, hereby amended as follows:

 

1.1Voluntary Commitment Reduction and Repayment.

(a)Appendix A to the Credit Agreement is hereby amended and restated in its entirety as set forth in Appendix A hereto.

(b)On and after the First Amendment Effective Date Repayment, Total Utilization of Class A Commitments shall be zero (the “Suspension Period Start Date”) and shall continue to be zero until the Company shall thereafter request, and the Lenders shall thereafter make, a Credit Extension in accordance with Section 3.3 of the Credit Agreement (such Credit Extension, the “Subsequent Credit Extension”).

1.2Reduced Reporting Requirements.  Each of the Company, Lenders party hereto, the Administrative Agent, Paying Agent and Collateral Agent hereby agree that on and after the Suspension Period Start Date until the earlier of (i) the Subsequent Credit Extension and (ii) the purchase or receipt by the Company of the first Receivable in accordance with the Credit Documents following the First Amendment Effective Date (such earlier date, the “Suspension Period End Date”), (a) no Borrowing Base Certificate, Master Record, or any other report contemplated under (x) Sections 5.1(f) or 5.1(k)(i) (other than any Monthly Servicing Report) of the Credit Agreement and (y) Section 3(a) of the Servicing Agreement (collectively, the “Suspended Reports”) shall be required to be delivered notwithstanding anything to the contrary in any Credit Document and (b) all obligations, representations, warranties, covenants or Events of Default arising from or related to such Suspended Reports in any Credit Document shall not apply.

1.3Payments Payable by Holdings; Suspended Waterfall.  Each of the Company, Holdings, Lenders party hereto, the Administrative Agent, Paying Agent and Collateral Agent hereby agree that: (a) from the Suspension Period Start Date until the Suspension Period End Date (the “Suspension Period”) (i) Holdings shall be permitted to remit directly on behalf of the Company, and Holdings hereby agrees to remit, at the Company’s direction, all amounts payable by the Company pursuant to any Credit Document, provided (A) Section 5.7 of the Credit Agreement is complied with and (B)  the order of priority set forth in Section 2.12 of the Credit Agreement shall apply to any such payment (other than with respect to any such payment not applicable during the Suspension Period), and (iii) there shall be no requirement to retain amounts not less than 105% of pro forma interest, fees and expenses in accordance with Section 2.11(c)(vii), and (b) on the First Amendment Effective Date after (i) applying the Interest Payment Date proceeds in accordance with Section 2.12, (ii) making the First Amendment Effective Date Repayment and, as requested by the Administrative Agent in accordance with Section 2.5(c)(ii), paying accrued interest on such amount, all amounts in each Controlled Account shall be released by Administrative Agent and shall be disbursed at the direction of Company.

1.4Amendment to Conditions Precedent.  Section 3.3(a) of the Credit Agreement is hereby amended to delete the "and" at the end of clause (vi), replace the "." at the end of clause (vii) with "; and", and add the following new clause (viii) after clause (vii) thereof:

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(viii) solely with respect to the first Credit Date following the Suspension Period End Date (as defined in the Omnibus Amendment No. 1 to the Amended and Restated Credit Agreement and Certain Other Credit Documents, dated as of November 15, 2019), the Company shall have (A) notified the Custodian that the Custody Suspension (as defined in Amendment No. 1 to the Custodial Services Agreement, dated as of November 15, 2019) has ended and the Custodian's obligations shall no longer be suspended (such notice, the “Custody Renewal Notice”) and (B) provided the Administrative Agent with an acknowledgment by the Custodian of receipt of such Custody Renewal Notice with not less than two (2) Business Days prior to such Credit Date.

1.5Amendments to Fees.  Each of the Company, Holdings, Lenders party hereto, the Administrative Agent, Paying Agent and Collateral Agent hereby agree that during the Suspension Period, no fees shall accrue or become payable to Paying Agent pursuant to any Credit Document.

1.6Suspended Early Amortization Events and Advance Rate Reduction Event.  Each of the Company, Holdings, Lenders party hereto, the Administrative Agent, Paying Agent and Collateral Agent hereby agree that during the Suspension Period: (a) Section 7.1(f), (b) the Early Amortization Events specified in clauses (a) and (b) of Appendix F to the Credit Agreement, (c) the Advance Rate Reduction Event specified on Appendix G to the Credit Agreement, shall in each case not apply and (d) Administrative Agent shall not deliver any notice of a Hot Backup Servicer Event (as defined in the Backup Servicing Agreement) to Backup Servicer pursuant to Section 1.3 of the Backup Servicing Agreement or otherwise.

SECTION 2.REPRESENTATIONS AND WARRANTIES

In order to induce the Administrative Agent, Paying Agent, Collateral Agent and the Lenders party hereto to enter into this Amendment, Company and Holdings each represents and warrants to the Administrative Agent, Paying Agent, Collateral Agent and Lenders, on the First Amendment Effective Date, that the following statements are true and correct, it being understood and agreed that the representations and warranties made on the First Amendment Effective Date are deemed to be made concurrently with the consummation of the transactions contemplated hereby:

2.1Due Authorization. The execution, delivery and performance of this Amendment have been duly authorized by all necessary action on the part of such entity.

2.2Binding Obligation. This Amendment has been duly executed and delivered by such entity and is the legally valid and binding obligation of such entity enforceable against such entity in accordance with its terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability.

SECTION 3.MISCELLANEOUS

3.1Conditions of Effectiveness. This Amendment shall become effective as of the date (such date, the “First Amendment Effective Date”) on which the Administrative Agent 

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has received counterparts of this Amendment executed by Company, Holdings, Servicer, the Administrative Agent, Paying Agent, Collateral Agent and the Lenders party hereto.  

3.2Notice of Voluntary Commitment Reduction.  The Administrative Agent acknowledges and agrees that this Amendment satisfies the notice requirements in connection with the Voluntary Commitment Reduction as set forth in Section 2.9 of the Credit Agreement.

3.3Reference to and Effect on the Credit Agreement and the Other Credit Documents. 

(a)On and after the First Amendment Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the Credit Documents and the Related Agreements to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended by this Amendment.  This Amendment is hereby designated as a Credit Document for all purposes of the Credit Documents.

(b)Except as expressly set forth herein, no other amendments, changes or modifications to the Credit Agreement and each other Credit Document are intended or implied, and in all other respects the Credit Agreement and each other Credit Document are and shall continue to be in full force and effect and are hereby in all respects specifically ratified, restated and confirmed by all parties hereto as of the First Amendment Effective Date and Company shall not be entitled to any other further amendment by virtue of the provisions of this Amendment or with respect to the subject matter of this Amendment. To the extent of conflict between the terms of this Amendment and the other Credit Documents, the terms of this Amendment shall control. The Credit Agreement and this Amendment shall be read and construed as one agreement.

(c)The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender, Administrative Agent or Agent under the Credit Agreement, nor constitute a waiver of any provision of the Credit Agreement.

3.4Nonpetition. (a) Each of the parties hereto hereby covenants and agrees that, prior to the date that is one year and one day after the payment in full of all outstanding commercial paper of any Class A Conduit Lender, it will not institute against, or join any other Person in instituting against, any Class A Conduit Lender any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States or any other jurisdiction.

(b)The  provisions  of  this  Section  3.4  shall  survive  the  termination  of this Amendment and the Credit Agreement. 

3.5Binding Effect. This Amendment shall be binding upon and inure to the benefit of each of the parties hereto and their respective successors and assigns.

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3.6Governing Law. This Amendment and the rights and obligations of the parties hereunder shall be governed by, and shall be construed and enforced in accordance with, the laws of the State of New York.

3.7Execution in Counterparts. This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. Delivery of an executed counterpart of a signature page of this Amendment by fax or other electronic imaging means shall be effective as delivery of a manually executed counterpart of this Amendment.

3.8Headings. Section headings herein are included herein for convenience of reference only and shall not constitute a part hereof for any other purpose or be given any substantive effect.

3.9Prior Agreements. This Amendment and the Credit Documents (as amended hereby) represents the entire agreement and understanding concerning the subject matter hereof among the parties hereto, and supersedes all other prior agreements, understandings, negotiations, representations, warranties, commitments, proposals, offers and contracts concerning the subject matter hereof, whether oral or written. 

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IN WITNESS THEREOF, the parties hereto have caused this Omnibus Amendment No. 1 to Amended and Restated Credit Agreement and certain other Credit Documents to be executed by their respective officers thereunto duly authorized, as of the date first above written.

prime ondeck receivable trust II, llc, as Company

 

By:_________________/s/

Name: Kenneth A. Brause

Title:  Chief Financial Officer

 

ON DECK CAPITAL, INC., as Holdings and as Servicer

 

By:_________________/s/

Name: Kenneth A. Brause

Title:  Chief Financial Officer

 

CREDIT SUISSE AG, NEW YORK BRANCH, 

as Administrative Agent 

 

By:_________________/s/

Name: Patrick Duggan

Title:  Vice President

 

By:_________________/s/

Name: Kenneth Aiani

Title:  Vice President

 

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,

as a Class A Committed Lender in the Credit Suisse Lender Group

 

By:_________________/s/

Name: Patrick Duggan

Title:  Vice President

 

By:_________________/s/

Name: Kenneth Aiani

Title:  Vice President

Signature Page to
Omnibus Amendment No. 1 to Amended and Restated Credit Agreement and certain other Credit Documents

 

 

GIFS CAPITAL COMPANY, LLC,

as a Class A Conduit Lender in the Credit Suisse Lender Group

 

By:_________________/s/

Name: R. Scott Chisholm

Title:  Authorized Signer

 

Wells Fargo Bank, N.A., as Paying Agent and as Collateral Agent

 

By:_________________/s/

Name: Anthony Kubes

Title:  Assistant Vice President

 

 

 

Signature Page to
Omnibus Amendment No. 1 to Amended and Restated Credit Agreement and certain other Credit Documents

 

 

APPENDIX A

 

Class A Commitments (as of the First Amendment Effective Date)

			
	
Class A Committed Lender
	
Class A Commitment
	
Pro Rata Share

	
Credit suisse AG, CAYMAN ISLANDS BRANCH
	
$75,000,000
	
100.0%

	
 
	
 
	
 

	
Total
	
$75,000,000
	
100%

 

Class B Commitments (as of the First Amendment Effective Date)

			
	
Class B Lender
	
Class B Commitment
	
Pro Rata Share

	
N/A
	
$0
	
 

	
 
	
 
	
 

	
Total
	
$0
	
 

 

 

LEGAL_US_E # 145058434.8

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