A good., a national banking association (“NationsBank”), just like the administrative representative for the Lenders (this kind of capacity, the “Management Representative”)

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• Financing Agreement
• Promissory Note
• Promissory Note having Payments
• Promissory Notice Owed on the a particular Big date
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So it Next Revised And you will RESTATED Mortgage loan WAREHOUSING Arrangement (the new “Agreement”) produced and you may dated at the time of the newest tenth day of Parece Investment Company, a ca enterprise (brand new “Company”); AAMES Monetary Company, an excellent Delaware business additionally the best stockholder of your Business (brand new “Parent”); lenders periodically people installment loans Hudson no credit check hereto, with their respective successors and assigns (per good “Lender and you will, along, new “Lenders”); and you may NATIONSBANK Off Texas, N.

An effective. Pursuant to that specific Revised and you can Restated Mortgage Warehousing Contract dated since ong the company, the fresh new Management Representative, as well as the Loan providers cluster thereto (while the revised up to now, the “Current Borrowing from the bank Contract”), such as for example Loan providers stretched borrowing towards Providers to the terminology and subject to the fresh criteria established therein.

B. The company, new Management Agent and the Lenders class on the Present Borrowing from the bank Agreement want to amend the existing Borrowing Arrangement together with records, tool and you may preparations connected thereto in some areas and you will, for capability of reference, so you’re able to restate the present Credit Arrangement within the entirety herein.

Today, Thus, when you look at the said of your own a lot more than Recitals as well as for other an excellent and beneficial believe, the bill and you may adequacy from which was hereby acknowledged, this new events hereto hereby agree below:

1(a) Tranche A lending Limitation. Towards the terms and conditions and at the mercy of the conditions established here, the lenders severally concur that it should sporadically to and you will such as the Maturity Big date (therefore identity and you may capitalized words perhaps not or even defined herein are defined for the Section 17 below) build financing (this new “Tranche A loyal Loans” otherwise a “Tranche A loyal Mortgage”), pro rata in line with the respective Percentage Offers, on Organization during the numbers to not ever exceed, on the aggregate at any single a good, the latest lower off:

(i) The fresh aggregate dollar amount of Tranche B Fund and you may Tranche C Funds a fantastic (plus all of the Tranche B Funds and you may Tranche C Money to be financed to your recommended big date off funding of your own requested Tranche A loyal Finance however, excluding Tranche C Funds and that’s reduced having proceeds of questioned Tranche A committed Loans);

step 1 dos (ii) The newest aggregate buck amount of Tranche A quote Fund a great (leaving out Tranche A quote Loans which will be paid down on continues of requested Tranche A committed Financing); and you may

(2) Brand new Equity Value of the new Warehouse Borrowing from the bank Feet including any Supplemental Cash Collateral kept by the Administrative Broker, without any sum of:

(i) The fresh new aggregate money number of all Tranche C Finance an excellent (excluding Tranche C Fund in fact it is reduced having proceeds away from brand new expected Tranche A loyal Loans);

(ii) The fresh new aggregate money amount of all Bid Money a good (excluding Bid Finance in fact it is paid on continues out-of new requested Tranche A loyal Loans); and

2(a) Letter regarding Borrowing from the bank. To the terminology and you can subject to the standards established from inside the the present Credit Agreement, NationsBank enjoys awarded its page away from borrowing from the bank (as the amended, longer and you can replaced periodically, also, in the place of maximum, pursuant to that particular Contract, the fresh “Page regarding Credit”) into account of your Team and only Pacific Thrift and you will Financial institution, a ca firm, from the level of $dos,500,. Active by new Effective Day and you can at the mercy of the brand new criteria set forth here, NationsBank shall amend the newest Letter regarding Credit to give the latest stated conclusion time so you’re able to a romantic date zero after compared to continuously planned Maturity Date hereunder; considering, not, that L/C Available Quantity of the latest Page out-of Borrowing just like the thus amended and you may prolonged will maybe not go beyond at least out-of: