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| TAXI > SEC Filings for TAXI > Form 8-K on 31-Jul-2009 | All Recent SEC Filings |
31-Jul-2009
Entry into a Material Definitive Agreement, Financial Statements and Exh
On July 28, 2009, Medallion Funding Corp. ("Medallion Funding"), a wholly-owned subsidiary of Medallion Financial Corp., entered into an amendment (the "Amendment") to its Amended and Restated Revolving Secured Line of Credit Promissory Note, dated March 6, 2006 (the "Note"), in favor of New York Commercial Bank, successor in interest to Atlantic Bank, for up to $8 million in principal amount. Under the terms of the Amendment, the maturity date of the Note was extended to May 1, 2010 and the interest rate of the Note was changed to the benchmark rate plus 50 basis points.
The foregoing description of the Amendment is qualified in its entirety by reference to the Amendment, which is attached as an exhibit hereto and is incorporated herein by reference in its entirety.
4.1 Amendment to Revolving Secured Line of Credit Promissory Note, dated as of July 28, 2009, by Medallion Funding Corp., in favor of New York Commercial Bank.
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