Amendment to NASD Subordinated Loan Agreement between SunAmerica Inc. and SunAmerica Capital Services, Inc.
Contract Categories:
Business Finance
›
Subordination Agreement
Summary
SunAmerica Inc. and SunAmerica Capital Services, Inc. have amended their existing NASD Subordinated Loan Agreement, originally effective February 21, 2000. This amendment extends the loan's maturity date from March 31, 2003, to March 31, 2004, and changes the interest rate to 4.75% per year starting April 1, 2003. The amendment is subject to approval by the National Association of Securities Dealers (NASD) and involves an unpaid principal amount of $6,000,000.
EX-10.C 5 v97688exv10wc.txt EXHIBIT 10.C EXHIBIT 10(c) NASD SUBORDINATED LOAN AGREEMENT AMENDMENT EXTENDING MATURITY DATE SL-A AGREEMENT BETWEEN: LENDER: SUNAMERICA INC. 1 SunAmerica Center, 1999 Avenue of the Stars, 38th Floor --------------------------------------------------------- (Street Address)
AND BROKER-DEALER: SUNAMERICA CAPITAL SERVICES, INC. 733 Third Avenue, 3rd Floor --------------------------- (Street Address)
NASD ID Number: 13158 DATE FILED: February 22, 2002 -1- SUBORDINATED LOAN AGREEMENT AMENDMENT EXTENDING MATURITY DATE This AMENDMENT of that certain NASD Subordinated Loan Agreement for Equity Capital SL-5 by and between SunAmerica Inc. (the "Lender") and SunAmerica Capital Services, Inc. (the "Broker-Dealer") effective as of February 21, 2000 ("Subordinated Loan Agreement") is dated as of January 15, 2002 ("Amendment"). In consideration of the sum of $6,000,000.00 (the unpaid principal amount) and subject to the terms and conditions set forth in the Subordinated Loan Agreement approved by the National Association of Securities Dealers, Inc. ("NASD") scheduled to mature on March 31, 2003, bearing Loan Number 10-E-SLA-11151, the Broker-Dealer and the Lender agree to extend the maturity date until March 31, 2004. This Amendment shall not become effective unless and until the NASD has found the Amendment acceptable. The interest rate set forth in the Subordinated Loan Agreement is changed to 4.75% per annum effective as of April 1, 2003. (The signature page follows.) -2- IN WITNESS WHEREOF the parties have set their hands and seal this 15th day of January, 2002.
-3-
