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ELEVENTH AMENDMENT TO REVOLVING CREDIT AGREEMENT AND ASSIGNMENT

Revolving Credit Agreement

ELEVENTH AMENDMENT TO REVOLVING
 CREDIT AGREEMENT AND ASSIGNMENT

 | Document Parties: RESOURCE AMERICA INC | LEAF FUNDING, INC | NATIONAL CITY BANK | LEAF FINANCIAL CORPORATION You are currently viewing:
This Revolving Credit Agreement involves

RESOURCE AMERICA INC | LEAF FUNDING, INC | NATIONAL CITY BANK | LEAF FINANCIAL CORPORATION

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Title: ELEVENTH AMENDMENT TO REVOLVING CREDIT AGREEMENT AND ASSIGNMENT
Governing Law: Pennsylvania     Date: 12/14/2005
Industry: Misc. Financial Services    

ELEVENTH AMENDMENT TO REVOLVING
 CREDIT AGREEMENT AND ASSIGNMENT

, Parties: resource america inc , leaf funding  inc , national city bank , leaf financial corporation
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                                                                 EXHIBIT 10.7(G)

 

                         ELEVENTH AMENDMENT TO REVOLVING

                         CREDIT AGREEMENT AND ASSIGNMENT

 

         THIS ELEVENTH AMENDMENT TO REVOLVING CREDIT AGREEMENT AND ASSIGNMENT

(this "Eleventh Amendment") is made as of September 16, 2005, by and among LEAF

FINANCIAL CORPORATION, a Delaware corporation with offices at 1845 Walnut

Street, 10th Floor, Philadelphia, Pennsylvania 19103 ("Leaf Financial") and LEAF

FUNDING, INC., a Delaware corporation with offices at 110 S. Poplar Street,

Suite 101, Wilmington, Delaware 19801 ("Leaf Funding", and together with Leaf

Financial, each a "Debtor" and, collectively, the "Debtors") and NATIONAL CITY

BANK, a national banking association with offices at One South Broad Street,

14th Floor, Philadelphia, Pennsylvania 19107 ("Secured Party").

 

                                   BACKGROUND

 

         A. On June 11, 2002, Leaf Financial and Secured Party entered into that

certain Revolving Credit Agreement and Assignment (the "Credit Agreement"),

pursuant to which Secured Party promised from time to time to make loans to Leaf

Financial, evidenced by a master note of even date therewith.

 

         B. On April 1, 2003, the Credit Agreement was amended to add Leaf

Funding as a debtor pursuant to a Second Amendment to the Credit Agreement of

even date therewith. The Credit Agreement has thereafter been amended from time

to time.

 

         C. Debtors and Secured Party mutually desire to further amend the

Credit Agreement and are entering into this Eleventh Amendment to set forth

their entire understanding and agreement with respect thereto.

 

                                    AGREEMENT

 

         NOW THEREFORE, in consideration of the premises and the mutual

covenants hereinafter set forth, and intending to be legally bound hereby, the

parties hereto agree that the Credit Agreement is further amended as follows:

 

         A. Amendment. Paragraph (u) of Section 5 is hereby amended and restated

in its entirety to read as follows:

 

                  "(u) Ter


 
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