Amendment No. 14 to Blocked Account Agreement, effective as of November 5, 2021, between Triumph Receivables LLC, Triumph Group, Inc., and PNC Bank, National Association

EX-10.1 2 tgi-ex10_1.htm EX-10.1 EX-10.1

Exhibit 10.1

 

EXECUTION VERSION

AMENDMENT NO. 14 TO BLOCKED ACCOUNT AGREEMENT

 

 

THIS AMENDMENT NO. 14 TO BLOCKED ACCOUNT AGREEMENT, dated as of November 5, 2021 (this “Amendment”), is entered into among TRIUMPH RECEIVABLES, LLC (“Customer”), TRIUMPH GROUP, INC. (the “Servicer”), and PNC BANK, NATIONAL ASSOCIATION, as the depository bank (in such capacity, the “Depository”) and as administrator for and on behalf of certain other parties (in such capacity, the “Administrator”).

R E C I T A L S

A. The parties hereto have entered into that certain Blocked Account Agreement, dated as of August 7, 2008 (as amended, restated, supplemented or otherwise modified through the date hereof, the “Blocked Account Agreement”). Capitalized terms used in this Amendment without definition have the meanings assigned to such terms in the Blocked Account Agreement.

B. The parties hereto desire to enter into this Amendment to amend the Blocked Account Agreement.

NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as to the following:

1.
Amendments to Blocked Account Agreement. The Blocked Account Agreement is hereby amended as follows:
1.1
Schedule I to the Blocked Account Agreement is hereby replaced in its entirety by Schedule I attached hereto.
1.2
Annex A to Exhibit II to the Blocked Account Agreement is hereby replaced in its entirety by Annex A attached hereto.
2.
Effectiveness; Effect of Amendment. (a) This Amendment shall become effective upon the receipt by each of the parties hereto of a fully executed copy of this Amendment.

(b) Except as expressly amended and modified by this Amendment, all provisions of the Blocked Account Agreement shall remain in full force and effect. After this Amendment becomes effective, all references in the Blocked Account Agreement to “this Agreement”, “hereof”, “herein”, or words of similar effect referring to the Blocked Account Agreement shall be deemed to be references to the Blocked Account Agreement, as amended by this Amendment. This Amendment shall not be deemed to expressly or impliedly waive, amend or supplement any provision of the Blocked Account Agreement other than as set forth herein.

3.
Counterparts. This Amendment may be executed in any number of counterparts and by different parties on separate counterparts, and each counterpart shall be deemed to be an original, and all such counterparts shall together constitute but one and the same agreement.

 

  ###-###-#### 08057100

 

 

 


 

4.
Governing Law. This Amendment shall be governed by, and construed in accordance with the law of the Commonwealth of Pennsylvania.
5.
Section Headings. The various headings of this Amendment are inserted for convenience only and shall not affect the meaning or interpretation of this Amendment or the Blocked Account Agreement or any provision hereof or thereof.
6.
Successors and Assigns. This Amendment shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns.

[SIGNATURE PAGES FOLLOW]

 

 

  ###-###-#### 08057100

2

 

 


 

IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their respective officers thereunto duly authorized, as of the date first above written.

TRIUMPH RECEIVABLES, LLC,

 

 

By: /s/ James F. McCabe, Jr._________________

Name: James F. McCabe, Jr.

Title: Senior Vice President and Chief Financial Officer

 

 

TRIUMPH GROUP, INC.,

 

 

By: /s/ Jennifer H. Allen_____________________

Name: Jennifer H. Allen

Title: Senior Vice President, General Counsel and Secretary

 

 

  ###-###-#### 08057100

S-1

14th Amendment to Blocked Account Agreement - PNC/Triumph

(Triumph Receivables, LLC)

 


 

PNC BANK, NATIONAL ASSOCIATION,

as Administrator

 

 

By: /s/ Christopher Blaney

Name: Christopher Blaney

Title: Senior Vice President

 

 

 

  ###-###-#### 08057100

S-2

14th Amendment to Blocked Account Agreement - PNC/Triumph

(Triumph Receivables, LLC)

 


 

PNC BANK, NATIONAL ASSOCIATION,

as Depository

 

 

By: /s/ Christopher Blaney

Name: Christopher Blaney

Title: Senior Vice President

 

 

 

  ###-###-#### 08057100

S-3

14th Amendment to Blocked Account Agreement - PNC/Triumph

(Triumph Receivables, LLC)

 


 

CONSENTED TO BY:

 

PNC BANK, NATIONAL ASSOCIATION,

as Purchaser Agent for the PNC Purchaser Group

 

 

By: /s/ Christopher Blaney

Name: Christopher Blaney

Title: Senior Vice President

 

 

  ###-###-#### 08057100

S-4

14th Amendment to Blocked Account Agreement - PNC/Triumph

(Triumph Receivables, LLC)

 


 

SCHEDULE I

BLOCKED ACCOUNTS AND LOCKBOX INFORMATION

 

 

Blocked Accounts:

 

TRIUMPH Receivables, LLC

A/C #’s:

1019796242

1008436997

1017284745

1014305328

1006153766

1011555508

1017288463

1002431685

1008997858

1017305032

1017294353

1001738669

1019839855

1028984093

1028919507

1029046605


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  ###-###-#### 08057100

Sch I-1

 

 


 

Lockbox Accounts:

 

P.O. Box #’s:

676035

642454

643389

643247

642117

642807

643440

640739

642804

643577

643466

640941

644536

645395

645025

645259

 

 

  ###-###-#### 08057100

Sch I-2

 

 


 

 

 

  ###-###-#### 08057100

Ex II-2

 

 


 

ANNEX A

 

Blocked Accounts:

 

TRIUMPH Receivables, LLC

A/C #’s:

1019796242

1008436997

1017284745

1014305328

1006153766

1011555508

1017288463

1002431685

1008997858

1017305032

1017294353

1001738669

1019839855

1028984093

1028919507

1029046605

 

 

  ###-###-#### 08057100

Ex II-2