EXHIBIT 10.1
SECOND OMNIBUS AMENDMENT
THIS SECOND OMNIBUS AMENDMENT (this “Amendment”), dated as of June 29, 2007, by
and among CH FUNDING, LLC, a Delaware limited liability company (the
“Borrower”), as the Borrower, ATLANTIC ASSET SECURITIZATION LLC, a Delaware
limited liability company (“Atlantic”), as an Issuer, LA FAYETTE ASSET
SECURITIZATION LLC, a Delaware limited liability company (“La Fayette”), as an
Issuer, FALCON ASSET SECURITIZATION COMPANY LLC, a Delaware limited liability
company (“Falcon”), as an Issuer, BARTON CAPITAL LLC, a Delaware limited
liability company (“Barton”), as an Issuer, LIBERTY STREET FUNDING LLC, a
Delaware limited liability company (“Liberty”), as an Issuer, CHARTA, LLC, a
Delaware limited liability company (“CHARTA”), as an Issuer, YC SUSI TRUST, a
Delaware statutory trust (“YC”), as an Issuer, CALYON NEW YORK BRANCH (“Calyon
New York”), as a Bank, as the Administrative Agent and as a Managing Agent,
JPMORGAN CHASE BANK, N.A. (“JPMorgan”), as a Bank and as a Managing Agent, BANK
OF AMERICA, N.A. (“Bank of America”), as a Bank and as a Managing Agent,
CITIBANK, N.A. (“Citibank”), as a Bank, CITICORP NORTH AMERICA, INC.
(“Citicorp”), as a Managing Agent, THE BANK OF NOVA SCOTIA (“Scotia Capital”),
as a Bank and as a Managing Agent, SOCIETE GENERALE (“SG”), as a Bank and as a
Managing Agent, LLOYDS TSB BANK PLC (“Lloyds”), as a Bank, and DHI MORTGAGE
COMPANY, LTD., a Texas limited partnership (“DHI Mortgage”), as the Servicer
(the “Servicer”) and as the Seller (the “Seller”) and U.S. BANK NATIONAL
ASSOCIATION, as the Collateral Agent (“U.S. Bank”). Capitalized terms used and
not otherwise defined herein are used as defined in the related Operative
Documents (as defined below).
RECITALS
WHEREAS, the Servicer (then named CH Mortgage Company I, Ltd.), as the Seller,
and the Borrower, as the Purchaser, entered into that certain Master Repurchase
Agreement and Addendum to the Master Repurchase Agreement incorporated therein,
dated as of July 9, 2002, as amended by the Second Amended and Restated Addendum
to Master Repurchase Agreement, dated as of June 30, 2006 (as the same may be
amended, restated, supplemented or modified from time to time, the “Repurchase
Agreement”);
WHEREAS, the Borrower, the Administrative Agent and U.S. Bank entered into that
certain Amended and Restated Collateral Agency Agreement, dated as of June 30,
2006, as amended (the “Collateral Agency Agreement”);
WHEREAS, the Borrower, Atlantic, La Fayette, Falcon, Barton, Liberty, CHARTA,
YC, JPMorgan, Bank of America, Citibank, Citicorp, Scotia Capital, SG, Lloyds,
Calyon New York and the Servicer, have entered into that certain Second Amended
and Restated Loan Agreement, dated as of June 30, 2006 (as the same may be
amended, restated, supplemented or modified from time to time, the “Loan
Agreement” and, collectively with the Repurchase Agreement, the Collateral
Agency Agreement and the Security Agreement, the “Operative Documents);

 

 

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WHEREAS, the Borrower, Atlantic, La Fayette, Falcon, Barton, Liberty, CHARTA,
YC, JPMorgan, Bank of America, Citibank, Citicorp, Scotia Capital, SG, Lloyds,
Calyon New York, U.S. Bank and the Servicer, have entered into that certain
First Omnibus Amendment, dated as of December 13, 2006, amending the Operative
Documents; and
WHEREAS, the parties hereto desire to further amend the Operative Documents as
hereinafter set forth.
NOW, THEREFORE, the parties agree as follows:
Section 1. Amendment to Repurchase Agreement.
a. The definition of “Annual Extension Date” in the Repurchase Agreement is
hereby deleted in its entirety and replaced with the following definition:
“Annual Extension Date” shall mean (i) June 27, 2008 or (ii) if consented to by
the Lenders, the Managing Agents and the Administrative Agent pursuant to
Section 2.1(b) of the Loan Agreement, the date that is specified by the Lenders,
the Managing Agents and the Administrative Agent in the applicable consent,
which date shall not be more than 364 days following the then effective Annual
Extension Date; provided, however, that any extension of the Annual Extension
Date shall not extend the Drawdown Termination Date.
b. The definition of “Issuer Facility Amount” in the Repurchase Agreement is
hereby deleted in its entirety and replaced with the following definition:
“Issuer Facility Amount” means (a) with respect to Atlantic and La Fayette, on
an aggregate basis, $225,000,000, (b) with respect to Falcon, $75,000,000,
(c) with respect to Barton, $75,000,000, (d) with respect to YC, $75,000,000,
(e) with respect to CHARTA, $75,000,000 and (f) with respect to Liberty,
$75,000,000. Any reduction (or termination) of the Maximum Facility Amount
pursuant to the terms of this Agreement shall reduce ratably (or terminate) the
Issuer Facility Amount of each Issuer.
c. The definition of “Maximum Facility Amount” in the Repurchase Agreement is
hereby deleted in its entirety and replaced with the following definition:
“Maximum Facility Amount” means $600,000,000, as such amount may be reduced
pursuant to Section 2.1(c) of the Loan Agreement.
Section 2. Amendment to Collateral Agency Agreement.
a. The definition of “Annual Extension Date” in the Collateral Agency Agreement
is hereby deleted in its entirety and replaced with the following definition:
“Annual Extension Date” shall mean (i) June 27, 2008 and (ii) thereafter, if
consented to by the Lenders, the Managing Agents and the Administrative Agent
pursuant to Section 2.1(b) of the Loan Agreement, the date that is specified by
the Lenders, the Managing Agents and the Administrative Agent in the applicable
consent, which date shall not be more than 364 days following the then effective
Annual Extension Date; provided, however, that any extension of the Annual
Extension Date shall not extend the Drawdown Termination Date.

 

 

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b. Exhibit D-1 to the Collateral Agency Agreement is hereby amended by deleting
the definition of “Issuer Facility Amount” and replacing it with the following
definition:
“Issuer Facility Amount” means (a) with respect to Atlantic and La Fayette, on
an aggregate basis, $225,000,000, (b) with respect to Falcon, $75,000,000, (c)
with respect to Barton, $75,000,000, (d) with respect to YC, $75,000,000,
(e) with respect to CHARTA, $75,000,000 and (f) with respect to Liberty,
$75,000,000. Any reduction (or termination) of the Maximum Facility Amount
pursuant to the terms of this Agreement shall reduce ratably (or terminate) the
Issuer Facility Amount of each Issuer.
c. Exhibit D-1 to the Collateral Agency Agreement is hereby amended by deleting
the definition of “Maximum Facility Amount” therein and replacing it with the
following definition:
“Maximum Facility Amount” means $600,000,000, as such amount may be reduced
pursuant to Section 2.1(c) of the Loan Agreement.
Section 3. Amendment to Loan Agreement.
a. The definition of “Annual Extension Date” in the Loan Agreement is hereby
deleted in its entirety and replaced with the following definition:
“Annual Extension Date” means (i) June 27, 2008, or (ii) if consented to by the
Lenders, the Managing Agents and the Administrative Agent pursuant to
Section 2.1(b), the date that is specified by the Lenders, the Managing Agents
and the Administrative Agent in the applicable consent, which date shall not be
more than 364 days following the then effective Annual Extension Date; provided,
however, that any extension of the Annual Extension Date shall not extend the
Drawdown Termination Date.
b. The definition of “Issuer Facility Amount” in the Loan Agreement is hereby
deleted in its entirety and replaced with the following definition:
“Issuer Facility Amount” means (a) with respect to Atlantic and La Fayette, on
an aggregate basis, $225,000,000, (b) with respect to Falcon, $75,000,000,
(c) with respect to Barton, $75,000,000, (d) with respect to YC, $75,000,000,
(e) with respect to CHARTA, $75,000,000 and (f) with respect to Liberty,
$75,000,000. Any reduction (or termination) of the Maximum Facility Amount
pursuant to the terms of this Agreement shall reduce ratably (or terminate) the
Issuer Facility Amount of each Issuer.
c. The definition of “Maximum Facility Amount” in the Loan Agreement is hereby
deleted in its entirety and replaced with the following definition:

 

 

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“Maximum Facility Amount” means $600,000,000, as such amount may be reduced
pursuant to Section 2.1(c) of this Agreement.”
d. Schedule I to the Loan Agreement is hereby deleted in its entirety and
replaced with Schedule I, Bank Commitments and Percentages, attached as Annex A
hereto.
e. The Borrower, Atlantic, La Fayette, Falcon, Barton, Liberty, CHARTA, YC,
JPMorgan, Bank of America, Citibank, Citicorp, Scotia Capital, SG, Lloyds,
Calyon New York and the Servicer hereby waive, with respect to the extension of
the Annual Extension Date hereinabove provided, the terms of Section 2.1(b) of
the Loan Agreement insofar as they relate to (a) the methods and timing for
notices of request and consent to an extension of the Annual Extension Date and
(b) the respective effects thereof.
Section 4. Operative Documents in Full Force and Effect as Amended.
Except as specifically amended hereby, all of the provisions of the Operative
Documents and all of the provisions of all other documentation required to be
delivered with respect thereto shall remain in full force and effect from and
after the date hereof.
Section 5. Miscellaneous.
a. This Amendment may be executed in any number of counterparts and by different
parties hereto in separate counterparts, each of which when so executed shall be
deemed to be an original and all of which when taken together shall not
constitute a novation of any Operative Document, but shall constitute an
amendment thereof. The parties hereto agree to be bound by the terms and
conditions of each Operative Document, as amended by this Amendment, as though
such terms and conditions were set forth herein.
b. The descriptive headings of the various sections of this Amendment are
inserted for convenience of reference only and shall not be deemed to affect the
meaning or construction of any of the provisions hereof.
c. This Amendment may not be amended or otherwise modified except as provided in
each respective Operative Agreement.
d. This Amendment and the rights and obligations of the parties under this
amendment shall be governed by, and construed in accordance with, the laws of
the state of New York (without giving effect to the conflict of laws principles
thereof, other than Sections 5-1401 and 5-1402 of the New York General
Obligations Law, which shall apply hereto).
{Signatures appear on the following pages.}

 

 

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IN WITNESS WHEREOF, the parties have agreed to this Amendment and caused this
Amendment to be executed by their respective officers thereunto duly authorized,
as of the date first above written.

     
ADMINISTRATIVE AGENT,
  CALYON NEW YORK BRANCH
AS A BANK, AND AS A
   
MANAGING
   
AGENT:
  By: /s/ Kostantina Kourmpetis
 
  Name: Kostantina Kourmpetis
 
  Title: Managing Director
 
   
 
  By: /s/ Sam Pilcer
 
  Name: Sam Pilcer
 
  Title: Managing Director
 
   
AS ISSUERS:
  ATLANTIC ASSET SECURITIZATION LLC
 
   
 
  By: Calyon New York Branch, as
     Attorney-in-Fact
 
   
 
  By: /s/ Kostantina Kourmpetis
 
  Name: Kostantina Kourmpetis
 
  Title: Managing Director
 
   
 
  By: /s/ Sam Pilcer
 
  Name: Sam Pilcer
 
  Title: Managing Director
 
   
 
  LA FAYETTTE ASSET SECURITIZATION LLC
 
   
 
  By: Calyon New York Branch, as
     Attorney-in-Fact
 
   
 
  By: /s/ Kostantina Kourmpetis
 
  Name: Kostantina Kourmpetis
 
  Title: Managing Director
 
   
 
  By: /s/ Sam Pilcer
 
  Name: Sam Pilcer
 
  Title: Managing Director

(Signature Page One to Second Omnibus Amendment)

 

 

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AS A BANK:
  LLOYDS TSB BANK PLC
 
   
 
  By: /s/ Michelle White
 
  Name: Michelle White
 
  Title: Associate Director W154
 
   
 
  By: /s/ Daniela Chun
 
  Name: Daniela Chun
 
  Title: Associate Director C031

(Signature Page Two to Second Omnibus Amendment)

 

 

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AS A BANK AND AS A
  JPMORGAN CHASE BANK, N.A.
MANAGING AGENT:
   
 
  By: /s/ John K. Svolos
 
  Name: John K. Svolos
 
  Title: Executive Director
 
   
AS AN ISSUER:
  FALCON ASSET SECURITIZATION COMPANY LLC
 
  By: JPMorgan Chase Bank, N.A., its attorney-in-fact
 
   
 
  By: /s/ John K. Svolos
 
  Name: John K. Svolos
 
  Title: Executive Director

(Signature Page Three to Second Omnibus Amendment)

 

 

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AS A BANK AND AS A
  BANK OF AMERICA, N.A.
MANAGING AGENT:
   
 
  By: /s/ Jeremy Grubb
 
  Name: Jeremy Grubb
 
  Title: Vice President
 
   
AS AN ISSUER:
  YC SUSI TRUST
 
   
 
  by Bank of America, N.A.,
 
  as Administrative Trustee
 
   
 
  By: /s/ Jeremy Grubb
Name: Jeremy Grubb
Title: Vice President

(Signature Page Four to Second Omnibus Amendment)

 

 

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AS A BANK:
  CITIBANK, N.A.
 
   
 
  By: /s/ Arthur Bovino
 
  Name: Arthur Bovino
 
  Title: Vice President
 
   
AS A MANAGING AGENT:
  CITICORP NORTH AMERICA, INC.
 
   
 
  By: /s/ Arthur Bovino
 
  Name: Arthur Bovino
 
  Title: Vice President
 
   
AS AN ISSUER:
  CHARTA, LLC
 
   
 
  By: CITICORP NORTH AMERICA, INC.,
 
  Attorney-in-Fact
 
   
 
  By: /s/ Arthur Bovino
 
  Name: Arthur Bovino
 
  Title: Vice President

(Signature Page Five to Second Omnibus Amendment)

 

 

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AS A BANK AND AS A
  THE BANK OF NOVA SCOTIA
MANAGING AGENT:
   
 
  By: /s/ Michael Eden
 
  Name: Michael Eden
 
  Title: Director
 
   
AS AN ISSUER:
  LIBERTY STREET FUNDING LLC
 
   
 
  By: /s/ Jill A. Gordon
 
  Name: Jill A. Gordon
 
  Title: Vice President

(Signature Page Six to Second Omnibus Amendment)

 

 

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AS A BANK AND AS A
  SOCIETE GENERALE
MANAGING AGENT:
   
 
  By: /s/ James F. Ahern
 
  Name: James F. Ahern
 
  Title: Managing Director
 
   
AS AN ISSUER:
  BARTON CAPITAL, LLC
 
   
 
  By: /s/ Doris J. Hearn
 
  Name: Doris J. Hearn
 
  Title: Vice President

(Signature Page Seven to Second Omnibus Amendment)

 

 

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BORROWER:
  CH FUNDING, LLC
 
   
 
  By: /s/ Mark C. Winter
 
  Name: Mark C. Winter
 
  Title: VP
 
   
SERVICER:
  DHI MORTGAGE COMPANY, LTD.
 
  By: DHI MORTGAGE COMPANY GP, INC.,
     its general partner
 
   
 
  By: /s/ Mark C. Winter
 
  Name: Mark C. Winter
 
  Title: EVP/CFO
 
   
COLLATERAL AGENT:
  U.S. BANK NATIONAL ASSOCIATION
 
   
 
  By: /s/ Jeannine L. Coyne
 
  Name: Jeannine L. Coyne
Title: Jeannine L. Coyne — Vice President

(Signature Page Eight to Second Omnibus Amendment)

 

 

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ANNEX A
SCHEDULE I
BANK COMMITMENTS AND PERCENTAGES

                                      Bank Commitment     Group Bank   Bank  
Bank Commitment     Percentage     Percentage  
CALYON NEW YORK BRANCH
                       
BANK OF AMERICA, NA
                       
JPMORGAN CHASE BANK
                       
CITICORP NORTH AMERICA, INC
                       
THE BANK OF NOVA SCOTIA
                       
SOCIETE GENERALE
                       
LLOYDS TSB BANK PLC
                       
 
                 
Total
  $ 600,000,000       100 %     100 %