|
|
|
|
Document Preview Loan Agreement |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Loan Agreement |
|||
|
Entities: |
Chase Manhattan Bank; Chase Manhattan Bank USA, NA; Comerica Bank; JPMorgan Chase Bank; Lehman Brothers Bank; Morgan Stanley Dean Witter; National City Bank; NVR Inc.; U.S. Bank, NA; Federal National Mortgage Association |
|||
|
Date: |
2004 |
|||
|
Size: |
Preview shows 7KB of 24KB total |
|||
|
Price: |
$38 |
|||
|
ID: |
#325177 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
ELEVENTH AMENDMENT TO
LOAN AGREEMENT
THIS ELEVENTH AMENDMENT TO LOAN AGREEMENT (the Amendment) dated as of August 26, 2004 between NVR MORTGAGE FINANCE, INC., a Virginia corporation (Borrower), the Lenders party to the Loan Agreement referred to below (Lenders), U.S. BANK NATIONAL ASSOCIATION, as agent (Agent) for the Lenders.
WITNESSETH THAT:
WHEREAS, the Borrower, the Lenders and the Agent are parties to a Loan Agreement dated as of September 7, 1999, as amended by a Consent, Waiver and First Amendment to Loan Agreement dated as of November 19, 1999, a Second Amendment to Loan Agreement and Second Amendment to Pledge and Security Agreement dated as of September 1, 2000, a Third Amendment to Loan Agreement dated as of February 16, 2001, a Fourth Amendment to Loan Agreement dated as of August 31, 2001, a Fifth Amendment to Loan Agreement dated as of November 1, 2001, a Consent, Waiver and Sixth Amendment to Loan Agreement dated as of December 14, 2001, a Seventh Amendment to Loan Agreement dated as of May 17, 2002, an Eighth Amendment to Loan Agreement dated as of August 15, 2002 a Ninth Amendment to Loan Agreement dated as of April 16, 2003 and a Tenth Amendment to Loan Agreement dated as of August 28, 2003 (as so amended, the Loan Agreement), pursuant to which the Lenders provide the Borrower with a revolving mortgage warehousing credit facility;
WHEREAS, the Borrower and the Lenders have agreed to amend the Loan Agreement upon the terms and conditions herein set forth.
NOW, THEREFORE, for value received, the receipt and sufficiency of which are hereby acknowledged, the Borrower, the Lenders and the Agent agree as follows:
1. Certain Defined Terms. Each capitalized term used herein without being defined herein that is defined in the Loan Agreement shall have the meaning given to it therein.
2. Amendments to Loan Agreement. The Loan Agreement is hereby amended as follows:
(a) The definition of Scheduled Termination Date in Section 1.1 of the Loan Agreement is hereby amended in its entirety to read as follows:
Scheduled Termination Date means August 25, 2005.
(b) Schedule 1.1(a) to the Credit Agreement is hereby amended and restated to read as set forth in Exhibit A to this Amendment.
(c) Schedule 1.1(b) to the Credit Agreement is hereby amended and restated to read as set forth in Exhibit B to this Amendment.
3. Conditions to Effectiveness of this Amendment. This Amendment shall be effective as of the date first above written (the Effective Date), provided the Agent shall have received at least nine (9) counterparts of this Amendment, duly executed by the Borrower and all of the Lenders, and the following conditions are satisfied:
(a) Before and after giving effect to this Amendment, the representations and warranties of the Borrower in Section 5 of the Loan Agreement and Section 5 of the Security Agreement shall be true and correct as though made on the date hereof, except to the extent such representations and warranties by their terms are made as of a specific date and except for changes that are permitted by the terms of the Loan Agreement.
(b) Before and after giving effect to this Amendment, no Event of Default and no Default shall have occurred and be continuing.
(c) No material adverse change in the business, assets, financial condition or prospects of the Borrower shall have occurred since March 31, 2004.
|
End of Preview |
Home Intelligence Services Subscriptions News About Us