First Amendment to Credit Agreement between SEI Investments Canada Company and Royal Bank of Canada (June 15, 2005)

Contract Categories: Business Finance › Credit Agreements
Summary

SEI Investments Canada Company and Royal Bank of Canada have agreed to amend their existing Credit Agreement dated January 14, 2003. The amendment updates the requirements for providing annual audited financial statements and changes the notice address for the Bank. All other terms of the original Credit Agreement remain unchanged. Both parties have signed to confirm their acceptance of these amendments, which are effective as of June 15, 2005.

Read More Arrow
EX-10.22.1 4 dex10221.htm FIRST AMENDMENT TO CREDIT FACILITY First Amendment to Credit Facility

Exhibit 10.22.1

June 15, 2005

SEI Investments Canada Company

70 York St. Suite 1600

Toronto, Ontario

M5J 1S9

 

Attention:    Mr. Bahn Tran
   Business Manager

Dear Bahn;

We refer to the letter agreement dated January 14, 2003 between SEI Investments Canada Company and Royal Bank of Canada (“Credit Agreement”). All capitalized terms used in this letter, if not otherwise defined herein, shall have the meanings set out in the Credit Agreement.

The following amendments are hereby made to the Credit Agreement:

Section 14(b)

 

  (i) Annual audited financial statements of the Borrower within 120 days of the Borrower’s fiscal year-end;

Section 17(c) Notices

 

As to the Bank:    Royal Bank of Canada
   Global Credit
   Credit Transaction Management
   12th Floor, South Tower
   Royal Bank Plaza
   200 Bay St.
   Toronto, Ontario M5J 2J5
   Attention Manager, Credit
   Telecopier: 416 ###-###-####

Except as indicated herein, all terms and conditions of the Credit Agreement shall remain in full force and effect and are hereby ratified and confirmed in every respect.

Please acknowledge your agreement with the foregoing by executing the enclosed two (2) copies of this letter and returning one (1) fully executed copy to the Bank.

 

Yours truly,
ROYAL BANK OF CANADA
By:  

/s/ Donna Seto

Name:   Donna Seto
Title:   Authorized Signatory

/s/ Sabrina Borrison

Name:   Sabrina Borrison
Title:   Manager, Credit

We acknowledge and accept the terms and conditions of this Agreement on the 20 day of June, 2005 which acceptance is effective as of the date first above written.

 

SEI Investments Canada Company
By:  

/s/ Patrick Walsh

Name/Title:   Patrick Walsh / President
By:  

/s/ George Butcher

Name/Title:   George Butcher / SVP Finance & Administration