Document:

Amendment No. 1 to Amended and Restated Loan and Security Agreement

 Exhibit 10.9 
 Execution Version 
 AMENDMENT NO. 1 
 TO AMENDED AND RESTATED 
 LOAN AND SECURITY AGREEMENT 
 AMENDMENT NO. 1, dated as of August 12, 2004 (this “Amendment”), to the Amended and Restated Loan and Security Agreement, dated as
of September 12, 2003 (as amended, supplemented or otherwise modified prior to the date hereof, the “Existing Loan Agreement”; and as amended hereby and as further amended, restated, supplemented or otherwise modified and in
effect from time to time, the “Loan Agreement”), by and between TAXI MEDALLION LOAN TRUST I (the “Borrower”) and MERRILL LYNCH COMMERCIAL FINANCE CORP. (the “Lender”). Capitalized terms used but not
otherwise defined herein shall have the meanings given to them in the Existing Loan Agreement. 
 RECITALS 
 The Borrower and the Lender are parties to the Existing Loan Agreement. 
 The Borrower and the Lender have agreed, subject to the terms and conditions of this Amendment, that the Existing Loan Agreement be amended to reflect certain agreed upon revisions to the terms of the Existing Loan
Agreement. 
 Accordingly, the Borrower and the Lender hereby agree, in consideration of the mutual premises and mutual obligations set forth
herein, that the Existing Loan Agreement is hereby amended as follows: 
 SECTION 1. Amendments. 
 (a) Section 1 of the Existing Loan Agreement is hereby amended by deleting clause (a)(vi) from the definition of “Collateral Value” and
inserting in lieu thereof the following new clause (a)(vi): 
 “(vi) (A) the aggregate Collateral Value of all Eligible
Medallion Loans which consist of Category II Medallion Loans (other than Category II Medallion Loans which have either (x) a maturity date that is not more than one (1) calendar year after any date of determination or (y) have a
floating rate of interest that will be reset within one (1) calendar year after such date of determination (any such Category II Medallion Loan, a “Category II-A Medallion Loan”)) shall not exceed $40,000,000 and (B) the
aggregate Collateral Value of all Eligible Medallion Loans which consist of Category II-A Medallion Loans shall not exceed $40,000,000;”. 
 (b) The form of Borrowing Base Certificate attached as Exhibit B to the Existing Loan Agreement is hereby deleted in its entirety and the form of Borrowing Base Certificate attached as Exhibit B hereto is inserted in lieu thereof.

 SECTION 2. Conditions Precedent. This Amendment shall become effective on the first date
(the “Amendment Effective Date”) on which all of the following conditions precedent shall have been satisfied: 
 (a) The
Lender shall have received counterparts of this Amendment executed by a duly authorized officer of the Borrower; and 
 (b) (i) The
Borrower shall be in compliance with all of the terms and provisions set forth in the Existing Loan Agreement and the other Loan Documents on its part to be observed or performed, (ii) the representations and warranties made and restated by the
Borrower pursuant to Section 3 of this Amendment shall be true and complete in all material respects on and as of such date with the same force and effect as if made on and as of such date, and (iii) no Default or Event of Default shall
have occurred and be continuing on such date. 
 SECTION 3. Representations and Warranties. The Borrower hereby represents and
warrants to the Lender that it is in compliance with all the terms and provisions set forth in the Loan Documents on its part to be observed or performed and that no Default or Event of Default has occurred or is continuing, and hereby confirms and
reaffirms each of the representations and warranties contained in Article VI of the Loan Agreement. 
 SECTION 4. Limited
Effect. Except as expressly amended and modified by this Amendment, the Existing Loan Agreement and each other Loan Document shall continue to be, and shall remain, in full force and effect in accordance with its terms; provided, however,
that upon the Amendment Effective Date, all references therein and herein to the “Loan Documents” shall be deemed to include, in any event, this Amendment and each reference to the Loan Agreement in any of the Loan Documents shall be
deemed to be a reference to the Loan Agreement as amended hereby. 
 SECTION 5. Counterparts. This Amendment may be executed by
each of the parties hereto on any number of separate counterparts, each of which shall be an original and all of which taken together shall constitute one and the same instrument. Delivery of an executed signature page of this Amendment in Portable
Document Format (PDF) or by facsimile transmission shall be effective as delivery of an executed original counterpart of this Amendment. 
 SECTION 7. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 [SIGNATURES FOLLOW] 
  

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 IN WITNESS WHEREOF, intending to be legally bound, each of the undersigned has caused this Amendment to
be executed on its behalf by its officer hereunto duly authorized, as of the date first above written. 
  

					
	BORROWER
	
	TAXI MEDALLION LOAN TRUST I
		
	 By:
	 	 /s/ Andrew M. Murstein

		 	 Name:
	 	 Andrew M. Murstein

		 	 Title:
	 	 President

	
	LENDER
	
	MERRILL LYNCH COMMERCIAL FINANCE CORP.
		
	 By:
	 	 /s/ Joshua A. Green

		 	 Name:
	 	 Joshua A. Green

		 	 Title:
	 	 Director

 AMENDMENT No. 1Amendment No. 2 to Servicing Agreement

 Exhibit 10.15 
 Execution Version 
 AMENDMENT NO. 2 
 TO SERVICING AGREEMENT 
 AMENDMENT NO. 2, dated as of September 1, 2004
(this “Amendment”), to that certain Servicing Agreement, dated as of September 13, 2002 (as modified by that certain Amendment to Servicing Agreement, dated as of September 12, 2003, and as further amended, supplemented or
otherwise modified prior to the date hereof, the “Existing Servicing Agreement”; as modified hereby and as further amended, restated, supplemented or otherwise modified and in effect from time to time, the “Servicing
Agreement”), by and among TAXI MEDALLION LOAN TRUST I (the “Borrower”), MERRILL LYNCH COMMERCIAL FINANCE CORP. (successor in interest to Merrill Lynch Bank USA, the “Lender”) and MEDALLION FUNDING CORP.
(the “Servicer”). Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Servicing Agreement. 
 RECITALS 
 The Borrower, the Lender and the Servicer are parties to the Existing Servicing Agreement.

 The Borrower, the Lender and the Servicer have agreed, subject to the terms and conditions of this Amendment, that the Existing Servicing
Agreement shall be amended to reflect certain agreed upon revisions to the terms of the Existing Servicing Agreement. 
 Accordingly, the
Borrower, the Lender and the Servicer hereby agree, in consideration of the mutual premises and mutual obligations set forth herein, the receipt and sufficiency of which is hereby acknowledged, that the Existing Servicing Agreement is hereby amended
as follows: 
 SECTION 1. Amendment. Article X of the Existing Servicing Agreement is hereby amended by inserting in proper
numerical order the following new Section 10.10: 
 “Section 10.10 Agreement Concerning Backup Servicer. Notwithstanding
anything in this Servicing Agreement or any other Loan Document to the contrary, unless and until the Lender shall notify the Borrower and the Servicer that the Lender has determined (which determination shall be made by the Lender in its sole and
absolute discretion) that the Borrower shall be required to designate and maintain a Backup Servicer in accordance with the provisions of this Servicing Agreement and the other Loan Documents, the Borrower shall have no obligation to designate or
maintain any Backup Servicer and each of the provisions set forth in this Servicing Agreement and the other Loan Documents in respect of the Backup Servicer (including, without limitation, the provisions set forth in Sections 2.01(c), 3.05, 3.08,
3.14, 4.01, 7.01(b), 7.02, 8.02, 9.01 and 10.02 of this Servicing Agreement) shall be deemed to be of no force or effect and this Servicing Agreement and each of the other Loan Documents shall be read and construed as if such provisions were not
included; provided, however, that if the Lender shall at any time notify the Borrower and the Servicer that the Lender has determined in its sole and absolute discretion that the Borrower shall be required to designate and maintain a
Backup Servicer, then the Servicing Agreement and each of the other Loan Documents shall be read and construed to give full force and effect to all of the provisions set forth herein and therein 

 
(including, without limitation, the Backup Servicer provisions set forth in Sections 2.01(c), 3.05, 3.08, 3.14, 4.01, 7.01(b), 7.02, 8.02, 9.01 and 10.02 of
this Servicing Agreement).” 
 SECTION 2. Conditions Precedent. This Amendment shall become effective on the first date
(the “Amendment Effective Date”) on which all of the following conditions precedent shall have been satisfied: 
 (a) The
Lender shall have received counterparts of this Amendment executed by duly authorized officers of the Borrower and Servicer; and 
 (b) (i)
The Servicer and Borrower shall be in compliance with all of the terms and provisions set forth in the Existing Servicing Agreement and the other Loan Documents on their parts to be observed or performed, (ii) the representations and warranties
made and restated by the Servicer pursuant to Section 3 of this Amendment and Article V of the Existing Servicing Agreement shall be true and complete in all material respects on and as of such date with the same force and effect as if made on
and as of such date, and (iii) no Default or Event of Default shall have occurred and be continuing on such date. 
 SECTION 3.
Representations and Warranties. The Borrower hereby represents and warrants to the Lender that it is in compliance with all the terms and provisions set forth in the Loan Documents on its part to be observed or performed and that no
Default or Event of Default has occurred or is continuing, and hereby confirms and reaffirms each of the representations and warranties contained in Article VI of the Loan Agreement. 
 SECTION 4. Limited Effect. Except as expressly amended and modified by this Amendment, the Existing Servicing Agreement and each other Loan
Document shall continue to be, and shall remain, in full force and effect in accordance with its terms; provided, however, that upon the Amendment Effective Date, all references therein and herein to the “Loan Documents”
shall be deemed to include, in any event, this Amendment and each reference to the Servicing Agreement in any of the Loan Documents shall be deemed to be a reference to the Servicing Agreement as amended hereby. 
 SECTION 5. Counterparts. This Amendment may be executed by each of the parties hereto on any number of separate counterparts, each of which
shall be an original and all of which taken together shall constitute one and the same instrument. Delivery of an executed signature page of this Amendment in Portable Document Format (PDF) or by facsimile transmission shall be effective as delivery
of an executed original counterpart of this Amendment. 
 SECTION 7. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 [SIGNATURES FOLLOW] 
  

 -2- 

 IN WITNESS WHEREOF, intending to be legally bound, each of the undersigned has caused this Amendment to
be executed on its behalf by its officer hereunto duly authorized, as of the date first above written. 
  

					
	 BORROWER

	
	TAXI MEDALLION LOAN TRUST I
		
	 By:
	 	 /s/ Alvin Murstein

		 	 Name:
	 	 Alvin Murstein

		 	 Title:
	 	 Vice President

	
	 LENDER

	
	MERRILL LYNCH COMMERCIAL FINANCE CORP.
		
	 By:
	 	 /s/ Joshua A. Green

		 	 Name:
	 	 Joshua A. Green

		 	 Title:
	 	 Director

	
	 SERVICER

	
	MEDALLION FUNDING CORP.
		
	 By:
	 	 /s/ Michael J. Kowalsky

		 	 Name:
	 	 Michael J. Kowalsky

		 	 Title:
	 	 President

 AMENDMENT NO. 2 TO SERVICING
AGREEMENT

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