Ninth Amending Agreement, dated as of January 15, 2021 by and between First Insurance Funding of Canada Inc. and CIBC Mellon Trust Company, in its capacity as trustee of Plaza Trust, by its Financial Service Agent, Royal Bank of Canada

Contract Categories: Business Operations - Services Agreements
EX-10.1 2 ex101ninthamendingagreemen.htm EX-10.1 NINTH AMENDING AGREEMENT Document
    EXHIBIT 10.1
(First Insurance Funding of Canada Inc.)
This Ninth Amending Agreement made as of January 15, 2021.
B E T W E E N:
(hereinafter referred to as the “Seller” or the “Servicer”)
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CIBC MELLON TRUST COMPANY, in its capacity as trustee of PLAZA TRUST,
(hereinafter referred to as the “Purchaser”)
WHEREAS the parties hereto are parties to a receivables purchase agreement dated as of December 16, 2014 (as amended by amending agreements dated December 15, 2015, September 9, 2016, December 15, 2017, June 29, 2018, February 15, 2019, May 27, 2019, January 15, 2020 and May 20, 2020, the “RPA”);
AND WHEREAS the parties hereto have agreed to     further amend the RPA;
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:
(a)The definition of “Commitment Maturity Date” in Section 1.1 of the RPA is amended by deleting the reference to “December 15, 2021” in such definition and replacing it with “December 15, 2022”.
(a)This Ninth Amending Agreement shall be governed by and construed in accordance with the laws of the Province of Ontario and the federal laws of Canada applicable therein.
(b)This Ninth Amending Agreement shall be binding upon and enure to the benefit of the parties hereto and their respective successors and permitted assigns.
(c)This Ninth Amending Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which, when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same agreement.
[signature page follows]

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

By:/s/Stuart Bruce
Name:    Stuart Bruce
Title:    CEO
By:/s/John Martin
Name:    John Martin
Title:    SVP Finance

CIBC MELLON TRUST COMPANY, in its capacity as trustee of PLAZA TRUST, by its Financial Services Agent, ROYAL BANK OF CANADA

By:/s/Nur Khan
Name:    Nur Khan
Title:    Authorized Signatory
By:/s/Ian Benaiah
Name:    Ian Benaiah
Title:    Authorized Signatory

Signature Page to Ninth Amending Agreement