EXHIBIT 10.101
EXECUTION COPY
FIRST AMENDMENT
TO 364-DAY CREDIT AGREEMENT
     This FIRST AMENDMENT to the 364-DAY CREDIT AGREEMENT (this “Amendment”) is
made and dated as of May 11, 2005 by and among COUNTRYWIDE HOME LOANS, INC., a
New York corporation (“CHL”), COUNTRYWIDE FINANCIAL CORPORATION, a Delaware
corporation (“CFC”), the Lenders signing below, JPMORGAN CHASE BANK, N.A., as
the Managing Administrative Agent for the Lenders (in such capacity, the
“Managing Administrative Agent”), and BANK OF AMERICA, N.A., as the
Administrative Agent for the Lenders (in such capacity, the “Administrative
Agent”).
RECITALS
     A. Pursuant to that certain 364-Day Credit Agreement, dated as of May 12,
2004, by and among CHL, CFC, the Lenders from time to time party thereto, the
Managing Administrative Agent, the Administrative Agent and the syndication
agent and the documentation agents named therein (the “Credit Agreement,” and
with capitalized terms used herein and not otherwise defined used with the
meanings given such terms in the Credit Agreement), the Lenders currently party
to the Credit Agreement (the “Existing Lenders”) agreed to extend credit to CFC
and CHL on the terms and subject to the conditions set forth therein.
     B. The Lenders signing below have agreed to extend the Commitment
Termination Date on the terms and conditions set forth below.
     C. In addition, the Lenders have agreed to amend the Credit Agreement in
certain respects.
     NOW, THEREFORE, in consideration of the foregoing Recitals and for other
good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, the parties hereto hereby agree as follows:
AGREEMENT
     1. Amendments to Section 1.01. (a) Section 1.01 of the Credit Agreement is
hereby amended by deleting therefrom the definitions of the following defined
terms in their entirety and substituting in lieu thereof the following
definitions:
      “Commitment Termination Date” means May 10, 2006.
      “Term-Out Maturity Date” means, if so selected by CHL pursuant to Section
2.09(a), May 10, 2007.
      (b) Section 1.01 of the Credit Agreement is hereby amended by deleting the
rows entitled “ ³ A1 from Moody’s or ³ A+ from S&P” and “A2 from Moody’s or A
from S&P” in their entirety from the pricing grid contained in the definition of
“Applicable Rate” and substituting in lieu thereof the following:

 

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Utilization                                     Fee Rate                        
            (Total Usage of     Utilization Fee Rate       Federal Funds Rate  
                  ³ 33.3% but     (Total Usage of   Index Debt Rating   Spread  
  Eurodollar Spread     Facility Fee Rate     < 66.7%)     ³ 66.7%)  
³ A1 from Moody’s or ³ A+ from S&P
    24.0       24.0       6.0       7.5       15.0  
 
                                       
A2 from Moody’s or A from S&P
    28.0       28.0       7.0       7.5       15.0  

     2. Amendment to Section 2.01(b). The second sentence of Section 2.01(b) of
the Credit Agreement is hereby amended to read in its entirety as follows:
      “Notwithstanding the foregoing, without the consent of the Required
Lenders, (x) in no event shall the aggregate amount of the Commitments exceed
$3,600,000,000 and (y) each increase effected pursuant to this paragraph shall
be in a minimum amount of at least $50,000,000.”
     3. Amendment to Section 6.06. Section 6.06 of the Credit Agreement is
hereby amended by deleting the parenthetical “(other than, in the case of CFC,
CHL)” and inserting in lieu thereof "(other than, in the case of CFC, CHL and
Treasury Bank, N.A.)”.
     4. Addition of New Lenders and Termination of Certain Existing Lenders. To
reflect the fact that certain financial institutions which are not currently
Lenders may desire to become Lenders under the Credit Agreement and that certain
Existing Lenders may desire to terminate their participation in the Credit
Agreement, any such financial institution signing below as a new Lender (a “New
Lender”) shall become a Lender under the Credit Agreement as of the Effective
Date (as hereinafter defined) and any Existing Lender not executing and
delivering this Amendment (an “Exiting Lender”) shall cease to be a Lender under
the Credit Agreement as of the Effective Date, notwithstanding any provision or
requirement in the Credit Agreement to the contrary, all on the following terms
and conditions:
          (a) Each New Lender shall, from and after the Effective Date, be a
Lender under the Credit Agreement with all the rights and benefits and with all
the agreements and obligations of a Lender thereunder.
          (b) Each Exiting Lender shall, as of the Effective Date, cease to be a
Lender under the Credit Agreement, its Commitment (and, if applicable, Swingline
Commitment) thereunder shall terminate and it shall cease to have any agreements
or obligations thereunder (it being understood and agreed that any rights or
benefits thereunder that are expressly stated to survive termination of the
Credit Agreement shall continue to be rights and benefits of the Exiting
Lenders).
          (c) On and after the Effective Date, the Commitment and Swingline
Commitment of each New Lender and each Existing Lender that is not an Exiting
Lender shall be as set forth on the schedules attached hereto as Annex 1 and
Annex 2, respectively, and

 

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Schedule 2.01 and Schedule 2.05 of the Credit Agreement shall be deemed amended
accordingly.
     5. Agents. Effective as of the Effective Date, the Agents under the Credit
Documents shall be as set forth below:

     
JPMorgan Chase Bank, N.A.
  Managing Administrative Agent
 
   
Bank of America, N.A.
  Administrative Agent
 
   
Citicorp USA, Inc.
  Syndication Agent
 
   
ABN AMRO Bank N.V. and Deutsche Bank Securities Inc.
  Documentation Agents

     6. Reaffirmation of Credit Documents. Each of CFC and CHL hereby affirms
and agrees that: (a) other than as expressly set forth herein, the execution and
delivery by CFC and CHL of and the performance of its obligations under this
Amendment shall not in any way amend, impair, invalidate or otherwise affect any
of the obligations of CFC or CHL, or the rights of the Lenders, under the Credit
Agreement and each other Loan Document or any other document or instrument made
or given by CFC or CHL in connection therewith, (b) the term “Obligations” as
used in the Loan Documents includes, without limitation, the Obligations of CFC
and CHL under the Credit Agreement as amended hereby and (c) except as expressly
amended hereby, the Loan Documents remain in full force and effect as written.
     7. Effective Date. This Amendment shall be effective on and as of the day
and year first above written (the “Effective Date”) subject to the delivery on
or prior to such date to the Managing Administrative Agent of the documents
indicated below and the satisfaction of the other conditions set forth below:
          (a) A copy of this Amendment, duly executed by CHL, CFC, the New
Lenders and the Existing Lenders that are not Exiting Lenders.
          (b) Any Loans outstanding under the Credit Agreement shall have been
paid or prepaid and all accrued interest thereon and accrued fees payable to the
Existing Lenders thereunder shall have been paid (it being understood that any
such payment may be made with the proceeds of a new borrowing under the Credit
Agreement as amended hereby).
          (c) Such corporate resolutions, incumbency certificates and other
authorizations from CFC and CHL as the Managing Administrative Agent may
reasonably request.
          (d) A legal opinion of counsel to CFC and CHL in form and substance
reasonably satisfactory to the Managing Administrative Agent.
          (e) Evidence satisfactory to the Agents that all fees and expenses
payable to the Agents and the Lenders prior to or on the Effective Date have
been paid in full.

 

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     8. Counterparts. This Amendment may be executed in any number of
counterparts, each of which when so executed shall be deemed to be an original
and all of which when taken together shall constitute one and the same
agreement.
     9. Representations and Warranties. Each of CFC and CHL hereby represents
and warrants to the Lenders and the Managing Administrative Agent as follows:
          (a) Each of CFC and CHL has the corporate power and authority and the
legal right to execute, deliver and perform this Amendment and has taken all
necessary corporate action to authorize the execution, delivery and performance
of this Amendment. This Amendment has been duly executed and delivered on behalf
of CFC and CHL and constitutes the legal, valid and binding obligation of CFC
and CHL enforceable against each such Person in accordance with its terms.
          (b) At and as of the date of execution hereof and both prior to and
after giving effect to this Amendment (i) the representations and warranties of
CFC and CHL contained in the Credit Agreement are accurate and complete in all
respects; (ii) there has not occurred any Default or Event of Default; and
(iii) there has not occurred any material adverse change in the business,
operations, assets or financial or other condition of CFC, CHL or their
consolidated subsidiaries taken as a whole since December 31, 2004.
          (c) The financial statements of CFC, dated December 31, 2004, copies
of which have heretofore been furnished to the Managing Administrative Agent and
each Lender, are complete and correct and present fairly in accordance with GAAP
the consolidated and consolidating financial condition of CFC and its
consolidated subsidiaries at such date and the consolidated and consolidating
results of its operations and changes in financial position for the fiscal year
then ended.
          (d) The financial statements of CHL, dated December 31, 2004, copies
of which have heretofore been furnished to the Managing Administrative Agent and
each Lender, are complete and correct and present fairly in accordance with GAAP
the consolidated financial condition of CHL and its consolidated subsidiaries at
such date and the consolidated results of its operations and changes in
financial position for the fiscal year then ended.
     10. Governing Law. This Amendment and the rights and obligations of the
parties hereunder shall be governed by, and construed and interpreted in
accordance with, the laws of the State of New York.
[Signature pages following]

 

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          IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
be executed as of the day and year first above written.

                  COUNTRYWIDE FINANCIAL CORPORATION,         a Delaware
corporation    
 
           
 
  By:   /s/ Eric Sieracki    
 
                Name Eric Sieracki         Title: Chief Financial Officer    
 
                COUNTRYWIDE HOME LOANS, INC.,         a New York corporation    
 
           
 
  By:   /s/ Eric Sieracki    
 
                Name Eric Sieracki         Title: Chief Financial Officer    

Signature Page to the First Amendment to the Countrywide 364-Day Credit
Agreement
JPMorgan Chase Bank, N.A. as Managing Administrative Agent

 

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                      JPMORGAN CHASE BANK, N.A., as Managing        
Administrative Agent and a Lender    
 
                    By:   /s/ Elisabeth H. Schwabe                       Name  
Elisabeth H. Schwabe         Title   Managing Director    
 
          JPMorgan Chase Bank, N.A.    

Signature Page to the First Amendment to the Countrywide 364-Day Credit
Agreement
JPMorgan Chase Bank, N.A. as Managing Administrative Agent

 

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                  BANK OF AMERICA, N.A., as Administrative     Agent and a
Lender
 
                By:   /s/ Elizabeth Kurilecz          
 
  Name       Elizabeth Kurilecz
 
  Title       Senior vice President

Signature Page to the First Amendment to the Countrywide 364-Day Credit
Agreement
JPMorgan Chase Bank, N.A. as Managing Administrative Agent

 

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SIGNATURE PAGE TO THE FIRST AMENDMENT, DATED AS OF MAY 11, 2005, TO THE 364-DAY
CREDIT AGREEMENT, DATED AS OF MAY 12, 2004, AMONG COUNTRYWIDE HOME LOANS, INC.,
COUNTRYWIDE FINANCIAL CORPORATION, JPMORGAN CHASE BANK, AS MANAGING
ADMINISTRATIVE AGENT, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, CITICORP
USA, INC., AS SYNDICATION AGENT, AND ABN AMRO BANK N.V. AND DEUTSCHE BANK
SECURITIES INC., AS DOCUMENTATION AGENTS, AND THE LENDERS PARTY THERETO

                  NAME OF INSTITUTION:    
 
                ABN AMRO Bank N.V., as a Lender    
 
           
 
  By:   /s/ Neil R. Stein   /s/ Michael DeMarco          
 
      Name: Neil R. Stein   Michael DeMarco
 
      Title: Director   Asst. Vice President

Signature Page to the First Amendment to the Countrywide 364-Day Credit
Agreement
JPMorgan Chase Bank, N.A. as Managing Administrative Agent

 

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SIGNATURE PAGE TO THE FIRST AMENDMENT, DATED AS OF MAY 11, 2005, TO THE 364-DAY
CREDIT AGREEMENT, DATED AS OF MAY 12, 2004, AMONG COUNTRYWIDE HOME LOANS, INC.,
COUNTRYWIDE FINANCIAL CORPORATION, JPMORGAN CHASE BANK, AS MANAGING
ADMINISTRATIVE AGENT, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, CITICORP
USA, INC., AS SYNDICATION AGENT, AND ABN AMRO BANK N.V. AND DEUTSCHE BANK
SECURITIES INC., AS DOCUMENTATION AGENTS, AND THE LENDERS PARTY THERETO

                  DEUTSCHE BANK AG NEW YORK BRANCH, as a Lender    
 
           
 
  By:   /s/ Sean C Davy    
 
           
 
      Name: Sean C Davy    
 
      Title: Director    
 
           
 
  By:   /s/ Dirk Schumann    
 
           
 
      Name: Dirk Schumann    
 
      Title: Director    

Signature Page to the First Amendment to the Countrywide 364-Day Credit
Agreement
JPMorgan Chase Bank, N.A. as Managing Administrative Agent

 

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SIGNATURE PAGE TO THE FIRST AMENDMENT, DATED AS OF MAY 11, 2005, TO THE 364-DAY
CREDIT AGREEMENT, DATED AS OF MAY 12, 2004, AMONG COUNTRYWIDE HOME LOANS, INC.,
COUNTRYWIDE FINANCIAL CORPORATION, JPMORGAN CHASE BANK, AS MANAGING
ADMINISTRATIVE AGENT, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, CITICORP
USA, INC., AS SYNDICATION AGENT, AND ABN AMRO BANK N.V. AND DEUTSCHE BANK
SECURITIES INC., AS DOCUMENTATION AGENTS, AND THE LENDERS PARTY THERETO
NAME OF INSTITUTION:
CITICORP USA, INC., as a Lender

             
 
  By:   /s/ Yoko Otani    
 
           
 
      Name: Yoko Otani    
 
      Title: Managing Direcotr    

Signature Page to the First Amendment to the Countrywide 364-Day Credit
Agreement
JPMorgan Chase Bank, N.A. as Managing Administrative Agent

 

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SIGNATURE PAGE TO THE FIRST AMENDMENT, DATED AS OF MAY 11, 2005, TO THE 364-DAY
CREDIT AGREEMENT, DATED AS OF MAY 12, 2004, AMONG COUNTRYWIDE HOME LOANS, INC.,
COUNTRYWIDE FINANCIAL CORPORATION, JPMORGAN CHASE BANK, AS MANAGING
ADMINISTRATIVE AGENT, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, CITICORP
USA, INC., AS SYNDICATION AGENT, AND ABN AMRO BANK N.V. AND DEUTSCHE BANK
SECURITIES INC., AS DOCUMENTATION AGENTS, AND THE LENDERS PARTY THERETO
NAME OF INSTITUTION:
THE BANK OF NEW YORK, as a Lender

             
 
  By:   /s/ Paul Connolly    
 
           
 
      Name: /s/ Paul Connolly    
 
      Title: Vice President    

Signature Page to the First Amendment to the Countrywide 364-Day Credit
Agreement
JPMorgan Chase Bank, N.A. as Managing Administrative Agent

 

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SIGNATURE PAGE TO THE FIRST AMENDMENT, DATED AS OF MAY 11, 2005, TO THE 364-DAY
CREDIT AGREEMENT, DATED AS OF MAY 12, 2004, AMONG COUNTRYWIDE HOME LOANS, INC.,
COUNTRYWIDE FINANCIAL CORPORATION, JPMORGAN CHASE BANK, AS MANAGING
ADMINISTRATIVE AGENT, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, CITICORP
USA, INC., AS SYNDICATION AGENT, AND ABN AMRO BANK N.V. AND DEUTSCHE BANK
SECURITIES INC., AS DOCUMENTATION AGENTS, AND THE LENDERS PARTY THERETO
NAME OF INSTITUTION:
BARCLAYS BANK PLC, as a Lender

             
 
  By:   /s/ Alison McGuigan    
 
           
 
      Name: Alison McGuigan    
 
      Title: Associate Director    

Signature Page to the First Amendment to the Countrywide 364-Day Credit
Agreement
JPMorgan Chase Bank, N.A. as Managing Administrative Agent

 

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SIGNATURE PAGE TO THE FIRST AMENDMENT, DATED AS OF MAY 11, 2005, TO THE 364-DAY
CREDIT AGREEMENT, DATED AS OF MAY 12, 2004, AMONG COUNTRYWIDE HOME LOANS, INC.,
COUNTRYWIDE FINANCIAL CORPORATION, JPMORGAN CHASE BANK, AS MANAGING
ADMINISTRATIVE AGENT, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, CITICORP
USA, INC., AS SYNDICATION AGENT, AND ABN AMRO BANK N.V. AND DEUTSCHE BANK
SECURITIES INC., AS DOCUMENTATION AGENTS, AND THE LENDERS PARTY THERETO
NAME OF INSTITUTION:
LLOYDS TSB BANK PLC, as a Lender

                      By:   /s/ James M. Rudd   /s/ Michael J. Gilligan        
 
 
      Name:   James M. Rudd   Michael J. Gilligan
 
      Title:   Vice President   Director
 
          Financial Institutions, USA   Financial Institutions, USA
 
          R091   G311

Signature Page to the First Amendment to the Countrywide 364-Day Credit
Agreement
JPMorgan Chase Bank, N.A. as Managing Administrative Agent

 

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  SIGNATURE PAGE TO THE FIRST AMENDMENT, DATED AS OF MAY 11, 2005, TO THE
364-DAY CREDIT AGREEMENT, DATED AS OF MAY 12, 2004, AMONG COUNTRYWIDE HOME
LOANS, INC., COUNTRYWIDE FINANCIAL CORPORATION, JPMORGAN CHASE BANK, AS MANAGING
ADMINISTRATIVE AGENT, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, CITICORP
USA, INC., AS SYNDICATION AGENT, AND ABN AMRO BANK N.V. AND DEUTSCHE BANK
SECURITIES INC., AS DOCUMENTATION AGENTS, AND THE LENDERS PARTY THERETO

            Wachovia Bank, National Association:

Wachovia Bank, National Association, as a Lender
      By:   /s/ Joan Anderson         Name:   Joan Anderson        Title:  
Director     

Signature Page to the First Amendment to the Countrywide 364-Day Credit
Agreement
JPMorgan Chase Bank, N.A. as Managing Administrative Agent

 

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  SIGNATURE PAGE TO THE FIRST AMENDMENT, DATED AS OF MAY 11, 2005, TO THE
364-DAY CREDIT AGREEMENT, DATED AS OF MAY 12, 2004, AMONG COUNTRYWIDE HOME
LOANS, INC., COUNTRYWIDE FINANCIAL CORPORATION, JPMORGAN CHASE BANK, AS MANAGING
ADMINISTRATIVE AGENT, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, CITICORP
USA, INC., AS SYNDICATION AGENT, AND ABN AMRO BANK N.V. AND DEUTSCHE BANK
SECURITIES INC., AS DOCUMENTATION AGENTS, AND THE LENDERS PARTY THERETO

            NAME OF INSTITUTION:

BNP Paiibas, as a Lender
      By:   /s/ Pierre Nicholas Rogers         Name:   Pierre Nicholas Rogers   
    Title:   Managing Director     

                  By:   /s/ Jamie Dillon         Name:   Jamie Dillon       
Title:   Managing Director     

Signature Page to the First Amendment to the Countrywide 364-Day Credit
Agreement
JPMorgan Chase Bank, N.A. as Managing Administrative Agent

 

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  SIGNATURE PAGE TO THE FIRST AMENDMENT, DATED AS OF MAY 11, 2005, TO THE
364-DAY CREDIT AGREEMENT, DATED AS OF MAY 12, 2004, AMONG COUNTRYWIDE HOME
LOANS, INC., COUNTRYWIDE FINANCIAL CORPORATION, JPMORGAN CHASE BANK, AS MANAGING
ADMINISTRATIVE AGENT, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, CITICORP
USA, INC., AS SYNDICATION AGENT, AND ABN AMRO BANK N.V. AND DEUTSCHE BANK
SECURITIES INC., AS DOCUMENTATION AGENTS, AND THE LENDERS PARTY THERETO

            NAME OF INSTITUTION:

ING BANK N.V., as a Lender
      By:   /s/ C. Pattin         Name:   C. Pattin        Title:   Director   
 

                  By:   /s/ Wendy Holliak         Name:   Wendy Holliak       
Title:   Manager/Associate     

Signature Page to the First Amendment to the Countrywide 364-Day Credit
Agreement
JPMorgan Chase Bank, N.A. as Managing Administrative Agent

 

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  SIGNATURE PAGE TO THE FIRST AMENDMENT, DATED AS OF MAY 11, 2005, TO THE
364-DAY CREDIT AGREEMENT, DATED AS OF MAY 12, 2004, AMONG COUNTRYWIDE HOME
LOANS, INC., COUNTRYWIDE FINANCIAL CORPORATION, JPMORGAN CHASE BANK, AS MANAGING
ADMINISTRATIVE AGENT, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, CITICORP
USA, INC., AS SYNDICATION AGENT, AND ABN AMRO BANK N.V. AND DEUTSCHE BANK
SECURITIES INC., AS DOCUMENTATION AGENTS, AND THE LENDERS PARTY THERETO

            NAME OF INSTITUTION:

MORGAN STANLEY BANK, as a Lender
      By:   /s/ Daniel Twenge         Name:   Daniel Twenge        Title:   Vice
President Morgan Stanley Bank     

Signature Page to the First Amendment to the Countrywide 364-Day Credit
Agreement
JPMorgan Chase Bank, N.A. as Managing Administrative Agent

 

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  SIGNATURE PAGE TO THE FIRST AMENDMENT, DATED AS OF MAY 11, 2005, TO THE
364-DAY CREDIT AGREEMENT, DATED AS OF MAY 12, 2004, AMONG COUNTRYWIDE HOME
LOANS, INC., COUNTRYWIDE FINANCIAL CORPORATION, JPMORGAN CHASE BANK, AS MANAGING
ADMINISTRATIVE AGENT, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, CITICORP
USA, INC., AS SYNDICATION AGENT, AND ABN AMRO BANK N.V. AND DEUTSCHE BANK
SECURITIES INC., AS DOCUMENTATION AGENTS, AND THE LENDERS PARTY THERETO

            NAME OF INSTITUTION:

SOCIETE GENERALE, as a Lender
      By:   /s/ Edith L. Hornick         Name:   Edith L. Hornick       
Title:   Managing Director     

Signature Page to the First Amendment to the Countrywide 364-Day Credit
Agreement
JPMorgan Chase Bank, N.A. as Managing Administrative Agent

 

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                  SIGNATURE PAGE TO THE FIRST AMENDMENT, DATED AS OF MAY 11,
2005, TO THE 364-DAY CREDIT AGREEMENT, DATED AS OF MAY 12, 2004, AMONG
COUNTRYWIDE HOME LOANS, INC., COUNTRYWIDE FINANCIAL CORPORATION, JPMORGAN CHASE
BANK, AS MANAGING ADMINISTRATIVE AGENT, BANK OF AMERICA, N.A., AS ADMINISTRATIVE
AGENT, CITICORP USA, INC., AS SYNDICATION AGENT, AND ABN AMRO BANK N.V. AND
DEUTSCHE BANK SECURITIES INC., AS DOCUMENTATION AGENTS, AND THE LENDERS PARTY
THERETO
 
                NAME OF INSTITUTION:
 
                UBS Loan Finance LLC, as a Lender
 
                By:   /s/ Edward Creps          
 
      Name:   Edward Creps
 
      Title:   Director
 
          Banking Products Services US
 
                By:   /s/ Joselin Fernandes          
 
      Name:   Joselin Fernandes
 
      Title:   Associate Director
 
          Banking Products Services US

Signature Page to the First Amendment to the Countrywide 364-Day Credit
Agreement
JPMorgan Chase Bank, N.A. as Managing Administrative Agent

 

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                  SIGNATURE PAGE TO THE FIRST AMENDMENT, DATED AS OF MAY 11,
2005, TO THE 364-DAY CREDIT AGREEMENT, DATED AS OF MAY 12, 2004, AMONG
COUNTRYWIDE HOME LOANS, INC., COUNTRYWIDE FINANCIAL CORPORATION, JPMORGAN CHASE
BANK, AS MANAGING ADMINISTRATIVE AGENT, BANK OF AMERICA, N.A., AS ADMINISTRATIVE
AGENT, CITICORP USA, INC., AS SYNDICATION AGENT, AND ABN AMRO BANK N.V. AND
DEUTSCHE BANK SECURITIES INC., AS DOCUMENTATION AGENTS, AND THE LENDERS PARTY
THERETO
 
                NAME OF INSTITUTION:
 
                WILLIAM STREET COMMITMENT CORPORATION
(Recourse only to assets of William Street Commitment Corporation), as a Lender
 
                By:   /s/ Manda D’Agata          
 
      Name:   Manda D’Agata
 
      Title:   Assistant Vice President

Signature Page to the First Amendment to the Countrywide 364-Day Credit
Agreement
JPMorgan Chase Bank, N.A. as Managing Administrative Agent

 

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                  SIGNATURE PAGE TO THE FIRST AMENDMENT, DATED AS OF MAY 11,
2005, TO THE 364-DAY CREDIT AGREEMENT, DATED AS OF MAY 12, 2004, AMONG
COUNTRYWIDE HOME LOANS, INC., COUNTRYWIDE FINANCIAL CORPORATION, JPMORGAN CHASE
BANK, AS MANAGING ADMINISTRATIVE AGENT, BANK OF AMERICA, N.A., AS ADMINISTRATIVE
AGENT, CITICORP USA, INC., AS SYNDICATION AGENT, AND ABN AMRO BANK N.V. AND
DEUTSCHE BANK SECURITIES INC., AS DOCUMENTATION AGENTS, AND THE LENDERS PARTY
THERETO
 
                NAME OF INSTITUTION:
 
                ROYAL BANK OF CANADA, as a Lender
 
                By:   /s/ Howard Lee          
 
      Name:   Howard Lee
 
      Title   : Authorized Signatory

Signature Page to the First Amendment to the Countrywide 364-Day Credit
Agreement
JPMorgan Chase Bank, N.A. as Managing Administrative Agent

 

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                  SIGNATURE PAGE TO THE FIRST AMENDMENT, DATED AS OF MAY 11,
2005, TO THE 364-DAY CREDIT AGREEMENT, DATED AS OF MAY 12, 2004, AMONG
COUNTRYWIDE HOME LOANS, INC., COUNTRYWIDE FINANCIAL CORPORATION, JPMORGAN CHASE
BANK, AS MANAGING ADMINISTRATIVE AGENT, BANK OF AMERICA, N.A., AS ADMINISTRATIVE
AGENT, CITICORP USA, INC., AS SYNDICATION AGENT, AND ABN AMRO BANK N.V. AND
DEUTSCHE BANK SECURITIES INC., AS DOCUMENTATION AGENTS, AND THE LENDERS PARTY
THERETO
 
                Calyon New York Branch, as a Lender
 
                By:   /s/ Sebastian Rocco          
 
      Name:   Sebastian Rocco
 
      Title:   Managing Director
 
                By:   /s/ W. Jay Buckley          
 
      Name:   W. Jay Buckley
 
      Title:   Managing Director

Signature Page to the First Amendment to the Countrywide 364-Day Credit
Agreement
JPMorgan Chase Bank, N.A. as Managing Administrative Agent

 

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                  SIGNATURE PAGE TO THE FIRST AMENDMENT, DATED AS OF MAY 11,
2005, TO THE 364-DAY CREDIT AGREEMENT, DATED AS OF MAY 12, 2004, AMONG
COUNTRYWIDE HOME LOANS, INC., COUNTRYWIDE FINANCIAL CORPORATION, JPMORGAN CHASE
BANK, AS MANAGING ADMINISTRATIVE AGENT, BANK OF AMERICA, N.A., AS ADMINISTRATIVE
AGENT, CITICORP USA, INC., AS SYNDICATION AGENT, AND ABN AMRO BANK N.V. AND
DEUTSCHE BANK SECURITIES INC., AS DOCUMENTATION AGENTS, AND THE LENDERS PARTY
THERETO
 
                NAME OF INSTITUTION:
 
                HSBC Bank USA, N.A., as a Lender
 
                By:   /s/ Paul Lopez          
 
      Name:   Paul Lopez
 
      Title:   Senior Vice President

Signature Page to the First Amendment to the Countrywide 364-Day Credit
Agreement
JPMorgan Chase Bank, N.A. as Managing Administrative Agent

 

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                  SIGNATURE PAGE TO THE FIRST AMENDMENT, DATED AS OF MAY 11,
2005, TO THE 364-DAY CREDIT AGREEMENT, DATED AS OF MAY 12, 2004, AMONG
COUNTRYWIDE HOME LOANS, INC., COUNTRYWIDE FINANCIAL CORPORATION, JPMORGAN CHASE
BANK, AS MANAGING ADMINISTRATIVE AGENT, BANK OF AMERICA, N.A., AS ADMINISTRATIVE
AGENT, CITICORP USA, INC., AS SYNDICATION AGENT, AND ABN AMRO BANK N.V. AND
DEUTSCHE BANK SECURITIES INC., AS DOCUMENTATION AGENTS, AND THE LENDERS PARTY
THERETO
 
                NAME OF INSTITUTION:
 
                DRESDNER BANK AG, NEW YORK AND GRAND
CAYMAN BRANCHES, as a Lender
 
           
 
  By:   /s/ Sascha Klaus   /s/ J. Curtin Beaudouin          
 
      Name: Sascha Klaus   J. Curtin Beaudouin
 
      Title: Director   Director

Signature Page to the First Amendment to the Countrywide 364-Day Credit
Agreement
JPMorgan Chase Bank, N.A. as Managing Administrative Agent

 

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                  SIGNATURE PAGE TO THE FIRST AMENDMENT, DATED AS OF MAY 11,
2005, TO THE 364-DAY CREDIT AGREEMENT, DATED AS OF MAY 12, 2004, AMONG
COUNTRYWIDE HOME LOANS, INC., COUNTRYWIDE FINANCIAL CORPORATION, JPMORGAN CHASE
BANK, AS MANAGING ADMINISTRATIVE AGENT, BANK OF AMERICA, N.A., AS ADMINISTRATIVE
AGENT, CITICORP USA, INC., AS SYNDICATION AGENT, AND ABN AMRO BANK N.V. AND
DEUTSCHE BANK SECURITIES INC., AS DOCUMENTATION AGENTS, AND THE LENDERS PARTY
THERETO
 
                NAME OF INSTITUTION:
 
                KeyBank National Association, as a Lender
 
                By:   /s/ Mary K. Young          
 
      Name:   Mary K. Young
 
      Title:   Vice President

Signature Page to the First Amendment to the Countrywide 364-Day Credit
Agreement
JPMorgan Chase Bank, N.A. as Managing Administrative Agent

 

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                  SIGNATURE PAGE TO THE FIRST AMENDMENT, DATED AS OF MAY 11,
2005, TO THE 364-DAY CREDIT AGREEMENT, DATED AS OF MAY 12, 2004, AMONG
COUNTRYWIDE HOME LOANS, INC., COUNTRYWIDE FINANCIAL CORPORATION, JPMORGAN CHASE
BANK, AS MANAGING ADMINISTRATIVE AGENT, BANK OF AMERICA, N.A., AS ADMINISTRATIVE
AGENT, CITICORP USA, INC., AS SYNDICATION AGENT, AND ABN AMRO BANK N.V. AND
DEUTSCHE BANK SECURITIES INC., AS DOCUMENTATION AGENTS, AND THE LENDERS PARTY
THERETO
 
                NAME OF INSTITUTION:
 
                Lehman Brothers Bank, FSB, as a Lender
 
                By:   /s/ Janine M. Shugan          
 
      Name:   Janine M. Shugan
 
      Title:   Authorized Signatory

Signature Page to the First Amendment to the Countrywide 364-Day Credit
Agreement
JPMorgan Chase Bank, N.A. as Managing Administrative Agent

 

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                  SIGNATURE PAGE TO THE FIRST AMENDMENT, DATED AS OF MAY 11,
2005, TO THE 364-DAY CREDIT AGREEMENT, DATED AS OF MAY 12, 2004, AMONG
COUNTRYWIDE HOME LOANS, INC., COUNTRYWIDE FINANCIAL CORPORATION, JPMORGAN CHASE
BANK, AS MANAGING ADMINISTRATIVE AGENT, BANK OF AMERICA, N.A., AS ADMINISTRATIVE
AGENT, CITICORP USA, INC., AS SYNDICATION AGENT, AND ABN AMRO BANK N.V. AND
DEUTSCHE BANK SECURITIES INC., AS DOCUMENTATION AGENTS, AND THE LENDERS PARTY
THERETO
 
                NAME OF INSTITUTION:
 
                Greenwich Capital Markets, Inc., as agent for The Royal     Bank
of Scotland plc, as a Lender
 
                By:   /s/ Angela Reilly          
 
      Name:   Angela Reilly
 
      Title:   Senior Vice President

Signature Page to the First Amendment to the Countrywide 364-Day Credit
Agreement
JPMorgan Chase Bank, N.A. as Managing Administrative Agent

 

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                  SIGNATURE PAGE TO THE FIRST AMENDMENT, DATED AS OF MAY 11,
2005, TO THE 364-DAY CREDIT AGREEMENT, DATED AS OF MAY 12, 2004, AMONG
COUNTRYWIDE HOME LOANS, INC., COUNTRYWIDE FINANCIAL CORPORATION, JPMORGAN CHASE
BANK, AS MANAGING ADMINISTRATIVE AGENT, BANK OF AMERICA, N.A., AS ADMINISTRATIVE
AGENT, CITICORP USA, INC., AS SYNDICATION AGENT, AND ABN AMRO BANK N.V. AND
DEUTSCHE BANK SECURITIES INC., AS DOCUMENTATION AGENTS, AND THE LENDERS PARTY
THERETO
 
                NAME OF INSTITUTION:
 
                Union Bank of California, N.A., as a Lender
 
                By:   /s/ Christine Davis          
 
      Name:   Christine Davis
 
      Title:   Vice President

Signature Page to the First Amendment to the Countrywide 364-Day Credit
Agreement
JPMorgan Chase Bank, N.A. as Managing Administrative Agent

 

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                  SIGNATURE PAGE TO THE FIRST AMENDMENT, DATED AS OF MAY 11,
2005, TO THE 364-DAY CREDIT AGREEMENT, DATED AS OF MAY 12, 2004, AMONG
COUNTRYWIDE HOME LOANS, INC., COUNTRYWIDE FINANCIAL CORPORATION, JPMORGAN CHASE
BANK, AS MANAGING ADMINISTRATIVE AGENT, BANK OF AMERICA, N.A., AS ADMINISTRATIVE
AGENT, CITICORP USA, INC., AS SYNDICATION AGENT, AND ABN AMRO BANK N.V. AND
DEUTSCHE BANK SECURITIES INC., AS DOCUMENTATION AGENTS, AND THE LENDERS PARTY
THERETO
 
                NAME OF INSTITUTION:
 
                WestLB AG, New York Branch, as a Lender
 
                By:   /s/ Samuel Bridges          
 
      Name:   Samuel Bridges
 
      Title:   Executive Director
 
                By:   /s/ Lillian Tung Lam          
 
      Name:   Lillian Tung Lam
 
      Title:   Executive Director

Signature Page to the First Amendment to the Countrywide 364-Day Credit
Agreement
JPMorgan Chase Bank, N.A. as Managing Administrative Agent

 

--------------------------------------------------------------------------------

 

                  SIGNATURE PAGE TO THE FIRST AMENDMENT, DATED AS OF MAY 11,
2005, TO THE 364-DAY CREDIT AGREEMENT, DATED AS OF MAY 12, 2004, AMONG
COUNTRYWIDE HOME LOANS, INC., COUNTRYWIDE FINANCIAL CORPORATION, JPMORGAN CHASE
BANK, AS MANAGING ADMINISTRATIVE AGENT, BANK OF AMERICA, N.A., AS ADMINISTRATIVE
AGENT, CITICORP USA, INC., AS SYNDICATION AGENT, AND ABN AMRO BANK N.V. AND
DEUTSCHE BANK SECURITIES INC., AS DOCUMENTATION AGENTS, AND THE LENDERS PARTY
THERETO
 
                NAME OF INSTITUTION:
 
                Norddeutsche Landesbank Girozentrale New York Branch and/or
Cayman Islands Branch, as a Lender
 
           
 
  By:   /s/ Stephen K. Hunter   /s/ Aleksander Wolski          
 
      Name: Stephen K. Hunte   r Aleksander Wolski
 
      Title: SVP   Assistant Vice President

Signature Page to the First Amendment to the Countrywide 364-Day Credit
Agreement
JPMorgan Chase Bank, N.A. as Managing Administrative Agent

 

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ANNEX 1
Commitment Schedule

              Commitment  
Continuing Lenders
       
JPMorgan Chase Bank, N.A.
  $ 260,000,000.00  
Bank of America, N.A.
  $ 240,000,000.00  
ABN Amro Bank N.V.
  $ 200,000,000.00  
Deutsche Bank AG New York Branch
  $ 140,000,000.00  
Citicorp USA, Inc.
  $ 132,000,000.00  
Barclays Bank PLC
  $ 120,000,000.00  
The Bank of New York
  $ 130,000,000.00  
Wachovia Bank, National Association
  $ 100,000,000.00  
BNP Paribas
  $ 80,000,000.00  
Morgan Stanley
  $ 80,000,000.00  
Goldman Sachs
  $ 80,000,000.00  
Societe Generale, New York Branch
  $ 80,000,000.00  
Royal Bank of Canada
  $ 70,000,000.00  
Calyon New York Branch
  $ 66,000,000.00  
HSBC Bank USA
  $ 60,000,000.00  
Dresdner Bank AG, New York Branch
  $ 40,000,000.00  
KeyBank National Association
  $ 40,000,000.00  
Lehman Brothers Bank, FSB
  $ 40,000,000.00  
The Royal Bank of Scotland PLC
  $ 40,000,000.00  
Norddeutsche Landesbank Girozentrale New York and/or Cayman Islands Branch
  $ 22,000,000.00  
Union Bank of California, N.A.
  $ 40,000,000.00  
WestLB AG, New York Branch
  $ 20,000,000.00  
 
       
New Lenders
       
 
       
Lloyds Bank
  $ 100,000,000.00  
UBS
  $ 80,000,000.00  
ING Bank N.V.
  $ 80,000,000.00  
 
       
TOTAL
  $ 2,340,000,000.00  

 

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ANNEX 2
Swingline Commitment Schedule

          Continuing Lenders   Swingline Commitment  
JPMorgan Chase Bank, N.A.
  $ 260,000,000.00  
Bank of America, N.A.
  $ 240,000,000.00  
ABN Amro Bank N.V.
  $ 200,000,000.00  
Deutsche Bank AG New York Branch
  $ 140,000,000.00  
Citicorp USA, Inc.
  $ 132,000,000.00  
Barclays Bank PLC
  $ 120,000,000.00  
The Bank of New York
  $ 130,000,000.00  
Wachovia Bank, National Association
  $ 100,000,000.00  
BNP Paribas
  $ 80,000,000.00  
Morgan Stanley
  $ 80,000,000.00  
Societe Generale, New York Branch
  $ 80,000,000.00  
Royal Bank of Canada
  $ 70,000,000.00  
KeyBank National Association
  $ 40,000,000.00  
The Royal Bank of Scotland PLC
  $ 40,000,000.00  
 
       
TOTAL
  $ 1,712,000,000.00