FIRST AMENDMENT TO CREDIT FACILITY
Published on March 16, 2006
Exhibit 10.22.1
June 15, 2005
SEI Investments Canada Company
70 York St. Suite 1600
Toronto, Ontario
M5J 1S9
| Attention: | Mr. Bahn Tran | |
| Business Manager |
Dear Bahn;
We refer to the letter agreement dated January 14, 2003 between SEI Investments Canada Company and Royal Bank of Canada (Credit Agreement). All capitalized terms used in this letter, if not otherwise defined herein, shall have the meanings set out in the Credit Agreement.
The following amendments are hereby made to the Credit Agreement:
Section 14(b)
| (i) | Annual audited financial statements of the Borrower within 120 days of the Borrowers fiscal year-end; |
Section 17(c) Notices
| As to the Bank: | Royal Bank of Canada | |
| Global Credit | ||
| Credit Transaction Management | ||
| 12th Floor, South Tower | ||
| Royal Bank Plaza | ||
| 200 Bay St. | ||
| Toronto, Ontario M5J 2J5 | ||
| Attention Manager, Credit | ||
| Telecopier: 416-842-4020 | ||
Except as indicated herein, all terms and conditions of the Credit Agreement shall remain in full force and effect and are hereby ratified and confirmed in every respect.
Please acknowledge your agreement with the foregoing by executing the enclosed two (2) copies of this letter and returning one (1) fully executed copy to the Bank.
| Yours truly, | ||
| ROYAL BANK OF CANADA | ||
| By: | /s/ Donna Seto |
|
| Name: | Donna Seto | |
| Title: | Authorized Signatory | |
| /s/ Sabrina Borrison |
||
| Name: | Sabrina Borrison | |
| Title: | Manager, Credit | |
We acknowledge and accept the terms and conditions of this Agreement on the 20 day of June, 2005 which acceptance is effective as of the date first above written.
| SEI Investments Canada Company | ||
| By: | /s/ Patrick Walsh |
|
| Name/Title: | Patrick Walsh / President | |
| By: | /s/ George Butcher |
|
| Name/Title: | George Butcher / SVP Finance & Administration | |