Document:

EX-10.1

 Exhibit 10.1 
  

 
 KEYBANK NATIONAL ASSOCIATION 

CONFIRMATION 
  

			
		
	 Date:
	  	30-Jun-2016
		
	 To:
	  	Nexpoint Residential Trust Operating Partnership, L.P. (“Counterparty”)
		
	 Attn:
	  	Matt McGraner
		
	 Email/Facsimile

Number:
	  	MMcGraner@HighlandCapital.com; kbarber@chathamfinancial.com
		
	 From:
	  	KeyBank National Association (“KeyBank”)
		
	 Re:
	  	 Interest Rate Swap Transaction (“Transaction”)

(Deal # 319093 / Tran # 319093)

		
	 USI:
	  	1030451927319093RA425494353000000000000000

 Ladies and Gentlemen: 
 The
purpose of this letter agreement is to set forth the terms and conditions of the Transaction entered into between us on the Trade Date specified below. This letter agreement constitutes a “Confirmation” as referred to in the ISDA Master
Agreement specified below. 
 The definitions and provisions contained in the 2006 ISDA Definitions (the “Definitions”) as published by the
International Swaps and Derivatives Association, Inc. (“ISDA”), and amended from time to time, are incorporated into this Confirmation. In the event of any inconsistency between this Confirmation and the Definitions, this Confirmation will
govern. 
 This Confirmation supplements, forms part of and is subject to, the ISDA Master Agreement dated as of May 09, 2016, as amended and
supplemented from time to time (the “Agreement”), between you and us. All provisions contained in the Agreement shall govern this Confirmation except as expressly modified below. 

Each party represents to the other party that: 
  

	(a)	Non-Reliance. It is acting for its own account, and it has made its own independent decisions to enter into this Transaction and as to whether this Transaction is appropriate or proper for it based upon its own
judgment and upon advice from such advisers as it has deemed necessary. It is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into this Transaction, it being understood that
information and explanations related to the terms and conditions of a Transaction will not be considered investment advice or a recommendation to enter into this Transaction. No communication (written or oral) received from the other party will be
deemed to be an assurance or guarantee as to the expected results of this Transaction. 

  
  

 

					
	 DEAL# 319093 / TRAN# 319093
	  	 	Page 1	  

	(b)	Assessment and Understanding. It is capable of assessing the merits of and understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and
risks of this Transaction. It is also capable of assuming, and assumes, the risks of this Transaction. 

  

	(c)	Status of Parties. The other party is not acting as a fiduciary for or an adviser to it in respect of this Transaction. 

The terms of the Transaction to which this Confirmation relates are as follows: 

 

			
	1. General Terms:
		
	 Notional Amount:
	  	$100,000,000.00 USD
		
	 Trade Date:
	  	30-Jun-16
		
	 Effective Date:
	  	01-Jul-16
		
	 Termination Date:
	  	01-Jun-21
		
	 Business Days:
	  	New York
		
	Fixed Amounts Details:	  	
		
	 Fixed Rate Payer:
	  	Counterparty
		
	 Fixed Rate Payer
 Payment Dates:
	  	Monthly, on the 1st, commencing on 01-Aug-16 up to and including the Termination date, subject to adjustment in accordance with Modified Following Business Day Convention
		
	 Period End Dates:
	  	Monthly on the 1st commencing 01-Aug-16 subject to No Adjustment
		
	 Fixed Rate:
	  	0.90000 %
		
	 Fixed Rate Day
	  	
	 Count Fraction:
	  	Act/360
		
	Floating Amount Details:	  	
		
	 Floating Rate Payer:
	  	KeyBank
		
	 Floating Rate Payer
 Payment
Dates:
	  	Monthly, on the 1st, commencing on 01-Aug-16 up to and including the Termination date, subject to adjustment in accordance with Modified Following Business Day Convention
		
	 Period End Dates:
	  	Monthly on the 1st commencing 01-Aug-16 subject to No Adjustment

  
  

 

					
	DEAL# 319093 / TRAN# 319093	  	 	Page 2	  

			
		
	Floating Rate for Initial
Calculation Period including
Spread:	  	0.465050 %
		
	Floating Rate Option:	  	USD-LIBOR-BBA, however, the reference to “two London Banking Days” in the third line of the definition of “USD-LIBOR-BBA” as published in Section 7.1.(w).(xvii) of the Definitions is replaced by “one London
Banking Day”
		
	Designated Maturity:	  	1-Month
		
	Spread:	  	None
		
	Floating Rate Day	  	
	Count Fraction:	  	Act/360
		
	Reset Dates:	  	The first day of each Floating Rate Payer Calculation Period, subject to No Adjustment
		
	2. Calculation Agent:	  	As per the Agreement, or if not specified therein, KeyBank
		
	3. Account Details	  	
		
	Payment Method:	  	FEDWIRE
		
	Please pay us at:	  	 KEYBANK NATIONAL ASSOCIATION
 ABA #

A/C #
 ATTN: DERIVATIVE OPERATIONS

		
	We will pay you at:	  	NEXBANK SSB DALLAS TX
		  	ABA #
		  	FOR THE ACCOUNT OF NEXPOINT RESIDENTIAL TRUST, INC
		  	A/C #
		
	4. Other Provisions:	  	
		
	5. Other Conditions:	  	

  

  
  

 

					
	 DEAL# 319093 / TRAN# 319093
	  	 	Page 3	  

 6. Counterparty Portal Access: 

KeyBank will provide access to view the daily mid-market marks of your outstanding Transactions through a secured website, Key Derivatives On-line
(“KDO”). Unless you notify KeyBank in writing that you do not agree to receive the daily mid-market marks via KDO, you agree that KDO is an acceptable and reliable manner of disclosure. 

The following individuals will receive logon information and access to KDO once this Confirmation has been executed by an authorized signer(s) and returned to
KeyBank. Please provide additional names and contact information in writing as required. 
  

			
	 Name
	 	 Email Address

		 	
		 	
		 	

 Please confirm the foregoing correctly sets forth the terms of our agreement by responding within two (2) Business Days
by returning an executed copy of this Confirmation to the attention of Derivative Operations at Derivatives_Documents@KeyBank.com or facsimile at (216) 370-6210. Failure to respond within such period shall not affect the validity or
enforceability of this Transaction, and shall be deemed to be an affirmation of the terms and conditions contained herein, absent manifest error. 
  

			
	 Regards,
  

	KeyBank National Association
	  
 /s/ Mary
Chudzinski

	Name:	 	Mary Chudzinski
	Title:	 	Authorized Signatory

  

			
	 Accepted and Confirmed as of the Trade Date
  

	Nexpoint Residential Trust Operating Partnership, L.P.
	  

/s/ Matt McGraner

	 Name:
	 	 Matt McGraner

	 Title:
	 	

  
  

 

					
	 DEAL# 319093 / TRAN# 319093
	  	 	Page 4tube-ex101_6.htm

 

Exhibit 10.1

THIRD Amendment

to AMENDED AND RESTATED Loan and security agreement

THIS THIRD AMENDMENT to Amended and Restated Loan and Security Agreement (this “Amendment”) is entered into this 29th day of June, 2016 by and between Silicon Valley Bank (“Bank”) and TUBEMOGUL, INC., a Delaware corporation (“Borrower”) and successor by merger to TubeMogul, Inc., a California corporation (“TubeMogul California”).

Recitals

A. Bank and TubeMogul California entered into that certain Amended and Restated Loan and Security Agreement dated as of August 21, 2013, as amended by that certain Assumption and Amendment Agreement dated as of March 19, 2014 by and among Borrower, TubeMogul California, and Bank, as amended by that First Amendment to Amended and Restated Loan Agreement dated April 18, 2014, and that Second Amendment to Amended and Restated Loan Agreement dated as of December 23, 2015  (as the same may from time to time be further amended, modified, supplemented or restated, the “Loan Agreement”).

B. Bank has extended credit to Borrower for the purposes permitted in the Loan Agreement.  

C. Borrower has requested that Bank amend the Loan Agreement to extend the period during which equipment advances are available.

D. Bank has agreed to so amend certain provisions of the Loan Agreement, but only to the extent, in accordance with the terms, subject to the conditions and in reliance upon the representations and warranties set forth below.

Agreement

Now, Therefore, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows:

1. Definitions.  Capitalized terms used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement.

2. Amendments to Loan Agreement.

2.1 Section 2.1.3(a).  Section 2.1.3(a) of the Loan Agreement is amended to read as follows:

(a) Availability.  Subject to the terms and conditions of this Agreement, Borrower may request, and Bank agrees to make, advances  on the terms set forth in this Section 2.1.3 in an aggregate amount not to exceed Five Million Dollars ($5,000,000) available to Borrower until September 30, 2016 (collectively, the “Equipment Advances”, and each, an “Equipment Advance”).  Equipment Advances may finance up to 100% of the cost of Eligible Equipment and up to 25% of Other Equipment.  Each Equipment Advance, other than the final Equipment Advance, must be in an amount of not less than Five Hundred Thousand Dollars ($500,000).  After repayment, no Equipment Advance may be reborrowed.

3. Limitation of Amendments.

3.1 The amendments set forth in Section 2, above, are effective for the purposes set forth herein and shall be limited precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may have in the future under or in connection with any Loan Document.

 

 

3.2 This Amendment shall be construed in connection with and as part of the Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect.

4. Representations and Warranties.  To induce Bank to enter into this Amendment, Borrower hereby represents and warrants to Bank as follows:

4.1 Immediately after giving effect to this Amendment (a) the representations and warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and (b) no Event of Default has occurred and is continuing;

4.2 Borrower has the power and authority to execute and deliver this Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment;

4.3 The organizational documents of Borrower publically filed with the SEC remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect;

4.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, have been duly authorized; 

4.5 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any material law or regulation binding on or affecting Borrower, (b) any material contractual restriction with a Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

4.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision thereof, binding on Borrower, except as already has been obtained or made; and

4.7 This Amendment has been duly executed and delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general application and equitable principles relating to or affecting creditors’ rights.

5. Counterparts.  This Amendment may be executed in any number of counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument.

6. Effectiveness.  This Amendment shall be deemed effective upon (a) the due execution and delivery to Bank of this Amendment by each party hereto, and (b) Borrower’s payment of a fee of Bank Expenses incurred in connection with this Amendment.

[Signature page follows.]

 

 

 

 

 

In Witness Whereof, the parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above.

 

	
BANK
	
 
	
BORROWER

	
 
	
 
	
 

	
SILICON VALLEY BANK
	
 
	
TUBEMOGUL, INC.

	
 
	
 
	
 

	
By:
	
 
	
/s/ Charles Thor
	
 
	
By:
	
 
	
/s/ Ron Will

	
Name:
	
 
	
Charles Thor
	
 
	
Name:
	
 
	
Ron Will

	
Title:
	
 
	
Vice President
	
 
	
Title:
	
 
	
Chief Financial Officer

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