On Deck Capital, Inc., on August 21, 2020, entered into an amendment (the Amendment) to further modify the Credit Agreement (the Corporate Facility Agreement), dated as of January 28, 2019, among the company, as borrower, the lenders party thereto and Truist Bank, as Administrative Agent and Collateral Agent. Pursuant to the Amendment, the required monthly principal repayment amount will be $13.125 million until the loans under the Corporate Facility Agreement are repaid in full. The total outstanding principal balance of the loans as of the date of the Amendment is $65.625 million. In addition, the lenders have agreed to waive the increased monthly principal repayments of $21 million triggered by the Asset Performance Payout Event (APPE) (Level 2) that occurred on June 17, 2020, including the previously deferred incremental principal amounts totaling $15.75 million that would have otherwise been payable on July 17, 2020 and August 17, 2020. The Amendment also modifies the borrowing base calculation to include eligible equipment finance loans at an advance rate of 70% and does not result in any changes to the current interest rate or the January 2021 maturity date. Other modifications under the Amendment include, among other things, certain mandatory prepayment requirements, additional reporting requirements, revisions to financial covenants, modifications to lender and borrower consent thresholds, adjustments to certain events of default and changes to certain covenants, including to further limit the Company’s and certain subsidiaries’ ability to, among other things, incur liens and additional indebtedness, make restricted payments, sell assets, and make investments, subject to customary carveouts. Certain capitalized terms not defined in this section of the report are used with the meanings ascribed to them in the Corporate Facility Agreement as amended by prior amendments thereto and the Amendment.