SEC Contract Filing

Filing Date: 2015-04-08

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d904769dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXECUTION VERSION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FOURTH AMENDMENT TO </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>LOAN AND SECURITY AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS FOURTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this &#147;<U>Amendment</U>&#148;), dated as of April&nbsp;8, 2015, is entered into by
and between <B>MARLIN RECEIVABLES CORP.</B>, a Nevada corporation (&#147;<U>Borrower</U>&#148;), <B>MARLIN LEASING CORPORATION</B>, a Delaware corporation (&#147;<U>Originator</U>&#148; or &#147;<U>Servicer</U>&#148;), and <B>MARLIN BUSINESS
SERVICES CORP.</B>, a Pennsylvania corporation (&#147;<U>Parent</U>&#148;), and <B>WELLS FARGO CAPITAL FINANCE, LLC</B>, a Delaware limited liability company formerly known as Wells Fargo Foothill, LLC (&#147;<U>Lender</U>&#148;). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>W I T N E S S E T H: </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, pursuant to the Loan and Security Agreement dated as of October&nbsp;9, 2009 (as amended or modified from time to time, the
&#147;<U>Existing Loan Agreement</U>&#148;) between Borrower, Servicer, Parent and Lender, Lender has committed to making loans and certain financial accommodations available to Borrower; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the parties hereto have agreed to amend the Existing Loan Agreement as set forth herein. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the agreements herein contained and other good and valuable consideration, the parties hereby agree as
follows: </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">PART I </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">DEFINITIONS
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.1 <U>Certain Definitions</U>. Unless otherwise defined herein or the context otherwise requires, the following term used in this
Amendment, including its preamble and recitals, has the following meaning: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Amended Loan Agreement</U>&#148; means
the Existing Loan Agreement as amended hereby. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.2 <U>Other Definitions</U>. Unless otherwise defined herein or the context otherwise
requires, terms used in this Amendment, including its preamble and recitals, have the meanings provided in the Amended Loan Agreement. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">PART II </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">AMENDMENTS TO EXISTING
LOAN AGREEMENT </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.1 <U>Amendment to Section&nbsp;1</U>. Section&nbsp;1 of the Existing Loan Agreement is amended by deleting the
definition of &#147;<U>Commitment Termination Date</U>&#148; and replacing it with the following: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Commitment
Termination Date</U>&#148; means the earliest of (a)&nbsp;July&nbsp;7, 2015, (b)&nbsp;the date of the termination of this Agreement by Borrower in accordance with <U>Section&nbsp;3.6</U>, and (c)&nbsp;the date of the termination of this Agreement by
Lender in accordance with <U>Section&nbsp;9.1</U> upon the occurrence and during the continuation of an Event of Default. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.2
<U>Amendment to Section&nbsp;1</U>. Section&nbsp;1 of the Existing Loan Agreement is amended by deleting the definition of &#147;<U>Fee Letter</U>&#148; and replacing it with the following: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Fee Letter</U>&#148; means that certain Second Amended and Restated Fee Letter, dated as of April&nbsp;8, 2015,
between Borrower and Lender, in form and substance satisfactory to Lender. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.3 <U>Amendment to Section&nbsp;2.10(b)</U>. Section&nbsp;2.10 of the Existing Loan Agreement is
amended by deleting subsection (b)&nbsp;and replacing such subsection with the following: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) An unused line fee shall be
calculated and be due and payable as follows: on the first day of each calendar quarter, commencing on the fi