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The amendment eliminates approval to participate inthe ’w TARP Capital Purchase Program as a condition to borrowiny under the agreement, a release from the company Raymond James (NYSE: RJF), a financiapl services company headquartered in St. withdrew its application for TARP fund onMay 19. Otherd revisions were made to covenantx related to the useof proceeds, additional financial ratios and restricted payments, the releasee said. The administrative agent for the Feb. 6 credirt agreement is . Chase also is one of six lenders underthe agreement. Others are Regions Bank, , , and The .
The credir amendment improved liquidity, Raymond Jamews said in a separate release announcing May operating Commissionsand fees, assets under underwritings and assets under administration all improved in May, althougj volume remained low, Thomas James, chairman and chietf executive, said in that release.
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