UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported): February 25,
2010
LEAF EQUIPMENT LEASING
INCOME FUND III, L.P.
(Exact
name of registrant as specified in its charter)
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Delaware
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000-53174
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20-5455968
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(State
or other jurisdiction
of
incorporation)
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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110 South Poplar Street, Suite 101,
Wilmington, Delaware 19801
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(Address
of principal executive offices) (Zip
Code)
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Registrant’s
telephone number, including area code:
(800) 819-5556
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N/A
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(Former
name or former address, if changed since last
report)
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Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
¨ Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
The
Registrant is party to a loan agreement with WestLB AG, New York
Branch. The parties to the loan agreement have entered into an
amendment dated as of February 25, 2010 pursuant to which the lender
provided a permanent waiver with respect to certain events that it had
previously waived for a limited period of time. The parties also
agreed to modify certain terms and covenants contained in the
agreement.
In
addition, the maximum facility amount was reduced to $160 million, and such
amount may be increased to $175 million if no funding termination events occur
during March 2010. As of February 28, 2010, $81 million was currently
outstanding.
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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LEAF
EQUIPMENT LEASING INCOME FUND III, L.P.
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By: LEAF
Asset Management, LLC,
its general
partner
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Date:
March 3, 2010
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By:
/s/ Robert
Moskovitz
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Name: Robert
Moskovitz
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Title:
Chief Financial Officer
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