{"id":41243,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/receivables-financing-agreement-anntaylor-funding-inc8.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"receivables-financing-agreement-anntaylor-funding-inc8","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/finance\/receivables-financing-agreement-anntaylor-funding-inc8.html","title":{"rendered":"Receivables Financing Agreement &#8211; AnnTaylor Funding Inc., AnnTaylor Inc., Market Street Capital Corp., and PNC Bank NA"},"content":{"rendered":"<pre>          THIS FIRST AMENDMENT TO AMENDED AND RESTATED RECEIVABLES\nFINANCING AGREEMENT, dated as of November 1, 1996 (this\n'Amendment'), is among AnnTaylor Funding, Inc. (the 'Company'),\n                                                     -------\nAnnTaylor, Inc. (the 'Servicer'), Market Street Capital Corp.\n                      --------\n(the 'Lender') and PNC Bank, National Association, as\n      ------\nadministrator for the Lender (the 'Administrator').\n                                   -------------\n\n                           \n                           BACKGROUND\n     \n     1.   The Company, the Servicer, the Lender and the\nAdministrator are parties to that certain Amended and Restated\nReceivables Financing Agreement, dated as of October 31, 1995\n(the 'Receivables Financing Agreement').\n      -------------------------------\n     \n     \n     2.   The parties hereto desire to amend the Receivables\nFinancing Agreement in order to extend the scheduled termination\ndate as set forth herein.\n\n     NOW, THEREFORE, in consideration of the foregoing and other\ngood and valuable consideration, the receipt and sufficiency of\nwhich are hereby acknowledged, the parties hereto hereby agree as\nfollows:\n     \n     \n     Section 1.  Definitions.  Capitalized terms used in this\n                 -----------\nAmendment and not otherwise defined herein shall have the\nmeanings assigned thereto in the Receivables Financing Agreement.\n     \n     \n     \n     Section 2.  Termination Date.  The definition of\n                 ----------------\n'Termination Date' set forth in Appendix A to the Receivables\n                                ----------\nFinancing Agreement is hereby amended by deleting the date\n'January 27, 1997' where it appears in paragraph (c) thereof and\n                                       -------------\nsubstituting therefor the date 'May 4, 1998'.\n\n==================================================================\n     \n     Section 3.  Representations and Warranties.  The Company and\n                 ------------------------------\nthe Servicer hereby represent and warrant that (i) the\nrepresentations and warranties contained in Article VI of the\n                                            ----------\nReceivables Financing Agreement are true and correct on and as of\nthe date hereof, and after giving effect hereto, as though made\non and as of such date, and shall be deemed to have been made on\nand as of such date, and (ii) no event has occurred and is\ncontinuing or would result from this Amendment, that constitutes\nan Event of Default or Unmatured Event of Default.\n\n     Section 4.  Miscellaneous.  The Receivables Financing\n                 -------------\nAgreement, as amended hereby, remains in full force and effect.\nAny reference to the Receivables Financing Agreement from and\nafter the date hereof shall be deemed or referred to the\nReceivables Financing Agreement as amended hereby, unless\notherwise expressly stated.  The Company hereby agrees to execute\nand deliver a replacement Note, substantially in the form set\nforth in Exhibit A hereto, on or before the date hereof.  This\n         ---------\nAmendment shall be governed by, and construed in accordance with,\nthe laws of the State of New York.  This Amendment may be\nexecuted in any number of counterparts, each of which when so\nexecuted shall be deemed to be an original and all of which when\ntaken together shall constitute one and the same agreement.\n\n\n          [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]\n\n                                -2-\n=====================================================================     \n     \n     \n     \n     IN WITNESS WHEREOF, the parties hereto have caused this\nAmendment to be executed by their respective officers there unto\nduly authorized, as of the date first above written.\n\n                           ANNTAYLOR FUNDING, INC.\n\n                           By: \/s\/ Walter J. Parks \n                               _______________________________\n                           Name Printed: Walter J. Parks\n                                        ______________________\n                           Title:  VP - Finance\n                                 _____________________________\n\n                           ANNTAYLOR, INC.\n\n                           By: \/s\/  Walter J. Parks\n                               -------------------------------\n                           Name Printed: Walter J. Parks\n                                         ---------------------\n                           Title: SVP - Finance\n                                  ----------------------------\n\n\n                           MARKET STREET CAPITAL CORP.\n\n                           By: \/s\/ Juliana Johnson\n                               -------------------------------\n                           Name Printed: Juliana Johnson\n                                        ----------------------\n                           Title: Vice President\n                                  ----------------------------\n\n                           \n                           \n                           PNC BANK, NATIONAL ASSOCIATION\n\n                           By: \/s\/ Richard J. Hendrix\n                               _______________________________\n                           \n                           Name Printed: Richard J. Hendrix\n                                        _____________________\n                           \n                           Title: Managing Director - PNC Securities Corp.,\n                                  as Agent for PNC Bank, National Association\n                                 _________________________________________\n\n\n                                 S-1\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[6710,8542],"corporate_contracts_industries":[9415,9494],"corporate_contracts_types":[9561,9560],"class_list":["post-41243","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-anntaylor-stores-corp","corporate_contracts_companies-pnc-financial-services-group-inc","corporate_contracts_industries-financial__banks","corporate_contracts_industries-retail__clothing","corporate_contracts_types-finance__credit","corporate_contracts_types-finance"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/41243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=41243"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=41243"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=41243"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=41243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}