EXHIBIT 10.3
SECOND AMENDMENT TO CREDIT AGREEMENT
     THIS SECOND AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is entered
into as of July ___, 2007, by and among CENTEX CORPORATION, a Nevada corporation
(“Borrower”), each Lender (defined below) party hereto, and BANK OF AMERICA,
N.A., as Administrative Agent.
R E C I T A L S
     A. Reference is hereby made to that certain Credit Agreement dated as of
July 1, 2005, executed by Borrower, the Lenders party thereto, and
Administrative Agent (as amended, the “Credit Agreement”).
     B. Capitalized terms used herein shall, unless otherwise indicated, have
the respective meanings set forth in the Credit Agreement.
     C. Borrower, Administrative Agent, and Lenders desire to modify certain
provisions contained in the Credit Agreement, subject to the terms and
conditions set forth herein.
     NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:
1. Amendments to the Credit Agreement.
     (a) The definition of Applicable Margin in Section 1.1 is hereby amended to
add the following at the end thereof:
     Notwithstanding the foregoing:
     (a) If the Interest Coverage Ratio is less than 2.0 to 1.0, but not less
than 1.50 to 1.0, then the Applicable Margin for Eurodollar Borrowings
(including for purposes of calculating the Letter of Credit fees payable
pursuant to Section 5.5) shall be increased by 0.125% for the period of time
commencing on the first (1st) Business Day immediately following the date that
Administrative Agent receives a Compliance Certificate pursuant to
Section 8.3(a) or (b), as applicable, reflecting that the Interest Coverage
Ratio was less than 2.0 to 1.0, but not less than 1.50 to 1.0, as of the last
day of the applicable fiscal quarter and ending on the first (1st) Business Day
immediately following the date that Administrative Agent receives a Compliance
Certificate pursuant to Section 8.3(a) or (b), as applicable, reflecting that
the Interest Coverage Ratio was (i) at least 2.0 to 1.0 as of the last day of
the applicable fiscal quarter or (ii) less than 1.50 to 1.0 (in which case
clause (b) or (c) below shall apply) as of the last day of the applicable fiscal
quarter;
     (b) If the Interest Coverage Ratio is less than 1.50 to 1.0, but not less
than 1.0 to 1.0, then the Applicable Margin for Eurodollar Borrowings (including
for purposes of calculating the Letter of Credit fees payable pursuant to
Section 5.5) shall be increased by 0.25% for the period of time commencing on
the first (1st) Business Day immediately following the date that Administrative
Agent receives a Compliance Certificate pursuant to Section 8.3(a) or (b), as
applicable, reflecting that the Interest Coverage Ratio was less than 1.50 to
1.0, but not less than 1.0 to 1.0, as of the last day of the applicable fiscal
quarter and ending on the first (1st) Business Day immediately following the
date that
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Administrative Agent receives a Compliance Certificate pursuant to
Section 8.3(a) or (b), as applicable, reflecting that the Interest Coverage
Ratio was (i) at least 2.0 to 1.0 as of the last day of the applicable fiscal
quarter, (ii) less than 2.0 to 1.0, but not less than 1.50 to 1.0 (in which case
clause (a) above shall apply) as of the last day of the applicable fiscal
quarter, or (iii) less than 1.0 to 1.0 (in which case clause (c) below shall
apply) as of the last day of the applicable fiscal quarter; and
     (c) If the Interest Coverage Ratio is less than 1.0 to 1.0, then the
Applicable Margin for Eurodollar Borrowings (including for purposes of
calculating the Letter of Credit fees payable pursuant to Section 5.5) shall be
increased by 0.375% for the period of time commencing on the first (1st)
Business Day immediately following the date that Administrative Agent receives a
Compliance Certificate pursuant to Section 8.3(a) or (b), as applicable,
reflecting that the Interest Coverage Ratio was less than 1.0 to 1.0, as of the
last day of the applicable fiscal quarter and ending on the first (1st) Business
Day immediately following the date that Administrative Agent receives a
Compliance Certificate pursuant to Section 8.3(a) or (b), as applicable,
reflecting that the Interest Coverage Ratio was (i) at least 2.0 to 1.0 as of
the last day of the applicable fiscal quarter, (ii) less than 2.0 to 1.0, but
not less than 1.50 to 1.0 (in which case clause (a) above shall apply) as of the
last day of the applicable fiscal quarter, or (iii) less than 1.50 to 1.0, but
not less than 1.0 to 1.0 (in which case clause (b) above shall apply) as of the
last day of the applicable fiscal quarter;
provided that the additional amounts payable pursuant to clauses (a), (b), and
(c) above for any period shall be reduced (but not below zero) by the amount of
utilization fees payable pursuant to Section 5.4 for such period.
Notwithstanding anything to the contrary contained in this definition, the
determination of the Applicable Margin for any period shall be subject to the
provisions of Section 3.7(c).
     (b) The definitions of “EBITDA” and “Interest Expense” in Section 1.1 are
hereby deleted in its entirety and replaced with the following:
     EBITDA means, with respect to any Person for any fiscal period, an amount
equal to (a) consolidated net income of such Person for such period, plus (b) to
the extent not otherwise included in consolidated net income, cash distributions
from Homebuilding Joint Ventures received by such Person during such period,
minus (c) the sum of (i) income tax credits, (ii) gains from extraordinary items
for such period, and (iii) any aggregate net gain during such period arising
from the sale, exchange, or other disposition of capital assets by such Person
(including any fixed assets, whether tangible or intangible, all inventory sold
in conjunction with the disposition of fixed assets, and all securities (other
than securities sold in the ordinary course of business)), in each case to the
extent included in the calculation of consolidated net income of such Person for
such period in accordance with GAAP, but without duplication, minus (d) any cash
payments made in respect of any item of extraordinary loss accrued during a
prior period and added back to EBITDA in such prior period pursuant to clause
(e)(v) below, plus (e) the sum of (i) any provision for income taxes,
(ii) Interest Expense, (iii) the amount of depreciation and amortization for
such period, (iv) the amount of any non-cash deduction to consolidated net
income as the result of any stock-based compensation expense, (v) the amount of
any item of extraordinary loss not paid in cash in such period, (vi) the
absolute value of any aggregate net loss during such period arising from the
sale, exchange, or other disposition of capital assets by such Person (including
any fixed assets, whether tangible or intangible, all inventory sold in
Second Amendment to Centex Credit Agreement

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conjunction with the disposition of fixed assets, and all securities (other than
securities sold in the ordinary course of business)), and (vii) non-cash charges
related to write offs of goodwill, impairment charges, and write-downs of
land-related assets, in each case to the extent included in the calculation of
consolidated net income of such Person for such period in accordance with GAAP,
but without duplication.
     Interest Expense means, for any period of calculation thereof, for any
Person, the aggregate amount of all interest (including facility and utilization
fees but excluding premiums arising as a result of prepayment or extinguishment
of Debt) on all Debt of such Person (other than Debt of Homebuilding Joint
Ventures), whether paid in cash or accrued as a liability and payable in cash
during such period, including (a) imputed interest on Capitalized Lease
Obligations, (b) the amortization of any original issue discount on any Debt,
(c) the interest portion of any deferred payment obligation, (d) all
commissions, discounts, and other fees and charges owed with respect to letters
of credit or bankers’ acceptance financing, (e) net interest costs associated
with Financial Hedges, and (f) the interest component of any Debt that is
guaranteed or secured by such Person.
     (c) Section 1.1 of the Credit Agreement is hereby amended to add the
following new definitions thereto:
     Second Amendment means that certain Second Amendment of Credit Agreement
dated as of July ___, 2007, by and among Borrower, Administrative Agent, and
each Lender party thereto.
     Second Amendment Effective Date means July ___, 2007, the effective date of
the Second Amendment.
     Maximum Leverage Ratio means, as of the Second Amendment Effective Date,
60%, as such percentage may thereafter be adjusted from time to time as provided
in Section 9.12(a).
     Minimum Interest Coverage Test means, as of the last day of any fiscal
quarter of Borrower, an Interest Coverage Ratio of at least 2.0 to 1.0.
     (d) Section 3.7 is hereby amended to add the following as Section 3.7(c):
     (c) If, as a result of any restatement of or other adjustment to the
financial statements of Borrower or for any other reason, either Borrower or
Administrative Agent determines that (i) the Interest Coverage Ratio as
calculated by Borrower as of any applicable date was inaccurate and (ii) a
proper calculation of the Interest Coverage Ratio would have resulted in higher
pricing for such period, Borrower shall immediately and retroactively be
obligated to pay to Administrative Agent, for the account of the applicable
Lenders, promptly on demand by Administrative Agent (or, after the occurrence of
an actual or deemed entry of an order for relief with respect to Borrower under
the Bankruptcy Code of the United States, automatically and without further
action by Administrative Agent, any Lender, or any L/C Issuer), an amount equal
to the excess of the amount of interest and fees that should have been paid for
such period over the amount of interest and fees actually paid for such period.
This paragraph shall not limit the rights of Administrative Agent, any Lender,
or any L/C Issuer, as the case may be, under Sections 3.5, 5, or 9. Borrower’s
obligations under this paragraph shall survive the termination of the Total
Commitment and the repayment of the Obligation hereunder.
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(e) Section 9.2(b)(xi) is hereby deleted in its entirety and replaced with the
following:

  (xi)   Liens for current Taxes not yet due;

(f) Section 9.12 is hereby deleted in its entirety and replaced with the
following:

  9.12   Financial Covenants.

     (a) Leverage Ratio. Borrower shall not permit the Leverage Ratio (expressed
as a percent), as of the last day of any fiscal quarter of Borrower, to be
greater than the Maximum Leverage Ratio.
     (i) Decrease of Maximum Leverage Ratio. If at any time Borrower shall fail
to maintain, for two (2) consecutive fiscal quarters, an Interest Coverage Ratio
of at least the Minimum Interest Coverage Test, then the Maximum Leverage Ratio
as of the last day of the second of such two consecutive fiscal quarters with
respect to which Borrower shall have so failed the Minimum Interest Coverage
Test (the “Coverage Test Failure Quarter”) shall be decreased as follows: (i) if
the Maximum Leverage Ratio for the fiscal quarter preceding the Coverage Test
Failure Quarter was 60%, then the Maximum Leverage Ratio shall be decreased by
5% to 55% as of the last day of such Coverage Test Failure Quarter; and (ii) if
the Maximum Leverage Ratio for the fiscal quarter preceding the Coverage Test
Failure Quarter was 55% or less, then the Maximum Leverage Ratio as of the last
day of the prior fiscal quarter shall be decreased by 2.5% as of the last day of
such Coverage Test Failure Quarter.
     (ii) Increase of Maximum Leverage Ratio. If at any time and from time to
time in which the Maximum Leverage Ratio is less than 60% and Borrower shall
satisfy the Minimum Interest Coverage Test (which for purposes of this
Section 9.12(a)(ii) shall be deemed satisfied only if, on the same day on which
Borrower satisfies the Minimum Interest Coverage Test, Borrower is also in
compliance with the then-current Maximum Leverage Ratio), then the Maximum
Leverage Ratio, effective as of the fiscal quarter immediately following the
fiscal quarter with respect to which Borrower shall have so satisfied the
Minimum Interest Coverage Test, shall be increased as follows:
     (A) if the Interest Coverage Ratio is equal to or greater than 2.0 to 1.0,
but less than 3.0 to 1.0, on a date on which (I) the Maximum Leverage Ratio is
55%, then the Maximum Leverage Ratio for the next fiscal quarter shall be
increased to 60%, and (II) the Maximum Leverage Ratio is less than 55%, then the
Maximum Leverage Ratio for the next fiscal quarter shall be increased by 2.5%;
     (B) if the Interest Coverage Ratio is equal to or greater than 3.0 to 1.0,
but less than 4.0 to 1.0, on a date on which (I) the Maximum Leverage Ratio is
equal to or greater than 50%, then the Maximum Leverage Ratio for the next
fiscal quarter shall be increased to 60%, and (II) the Maximum Leverage Ratio is
less than 50%, then the Maximum Leverage Ratio for the next fiscal quarter shall
be increased by 10%; and
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     (C) if the Interest Coverage Ratio is equal to or greater than 4.0 to 1.0,
then the Maximum Leverage Ratio for the next fiscal quarter shall be increased
to 60%.
     (iii) Limitation on Increases and Deceases. Notwithstanding the foregoing,
in no event shall the Maximum Leverage Ratio exceed 60% or be less than 40%.
     (iv) Effectiveness of Change in Maximum Leverage Ratio. Any decrease of the
Maximum Leverage Ratio provided for in this Section 9.12(a) shall be effective
as of the Coverage Test Failure Quarter as provided in Section 9.12(a)(i), and
the Maximum Leverage Ratio (as so decreased) shall remain in effect thereafter
unless and until adjusted as provided in Section 9.12(a)(i) or (ii). Any
increase in the Maximum Leverage Ratio shall be effective as of the fiscal
quarter next succeeding the fiscal quarter in which Borrower satisfies the
Minimum Interest Coverage Test as provided in Section 9.12(a)(ii), and the
Maximum Leverage Ratio (as so increased) shall remain in effect thereafter
unless and until adjusted as provided in Section 9.12(a)(i) or (ii).
     (v) Measure of Compliance. Borrower’s satisfaction of the Minimum Interest
Coverage Test shall be measured on a quarterly basis, based on the Financial
Statements and Compliance Certificate delivered to Administrative Agent pursuant
to Section 8.3(a) and (b). A failure to satisfy the Minimum Interest Coverage
Test shall not be deemed a breach of any Loan Document nor constitute a
Potential Default or an Event of Default.
     (b) Minimum Tangible Net Worth. Borrower shall not permit Consolidated
Tangible Net Worth, as of the last day of any fiscal quarter of Borrower, to be
less than the sum of (a) $2,716,220,000, plus (b) fifty percent (50%) of the
amount of Net Proceeds from any Equity Issuance subsequent to March 31, 2005,
plus (c) fifty percent (50%) of Cumulative Consolidated Net Income.
     2. Amendments to Credit Agreement and Other Loan Documents.
     (a) All references in the Loan Documents to the Credit Agreement shall
henceforth include references to the Credit Agreement as modified and amended by
this Amendment, and as may, from time to time, be further modified, amended,
restated, extended, renewed, and/or increased.
     (b) Any and all of the terms and provisions of the Loan Documents are
hereby amended and modified wherever necessary, even though not specifically
addressed herein, so as to conform to the amendments and modifications set forth
herein.
     3. Ratifications. Borrower (a) ratifies and confirms all provisions of the
Loan Documents as amended by this Amendment, (b) ratifies and confirms that all
guaranties and assurances, granted, conveyed, or assigned to the Credit Parties
under the Loan Documents are not released, reduced, or otherwise adversely
affected by this Amendment and continue to guarantee and assure full payment and
performance of the present and future Obligation, and (c) agrees to perform such
acts and duly authorize, execute, acknowledge, deliver, file, and record such
additional documents and certificates as Administrative Agent may reasonably
request in order to create, preserve and protect those guaranties and
assurances.
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     4. Representations. Borrower represents and warrants to Lenders that as of
the date of this Amendment: (a) this Amendment has been duly authorized,
executed, and delivered by Borrower; (b) no action of, or filing with, any
Governmental Authority is required to authorize, or is otherwise required in
connection with, the execution, delivery, and performance of this Amendment
other than the reporting and filing of this Amendment pursuant to Legal
Requirements regarding securities; (c) the Loan Documents, as amended by this
Amendment, are valid and binding upon Borrower and are enforceable against
Borrower in accordance with their respective terms, except as limited by Debtor
Relief Laws and general principles of equity; (d) the execution, delivery, and
performance of this Amendment does not require the consent of any other Person
and do not and will not constitute a violation of any Legal Requirements, order
of any Governmental Authority, or material agreements to which Borrower or any
of its Subsidiaries is a party or by which Borrower or any of its Subsidiaries
is bound; (e) all representations and warranties in the Loan Documents are true
and correct in all material respects on and as of the date of this Amendment,
except to the extent that (i) any of them speak to a different specific date, or
(ii) the facts on which any of them were based have been changed by transactions
contemplated or permitted by the Credit Agreement; and (f) both before and after
giving effect to this Amendment, no Potential Default or Event of Default
exists.
     5. Conditions. This Amendment shall not be effective unless and until:
     (a) this Amendment is executed by Borrower, Administrative Agent, and
Required Lenders;
     (b) the representations and warranties in this Amendment are true and
correct in all material respects on and as of the date of this Amendment, except
to the extent that (i) any of them speak to a different specific date, or
(ii) the facts on which any of them were based have been changed by transactions
contemplated or permitted by the Credit Agreement; and
     (c) both before and after giving effect to this Amendment, no Default or
Event of Default exists;
     (d) Administrative Agent receives a certificate executed by Responsible
Officer of Borrower certifying (i) the name of each of its officers who are
authorized to sign this Amendment and the other documents executed in connection
herewith, (ii) a true and correct copy of the Resolutions of Borrower that
authorize the execution, delivery, and performance of this Amendment and the
other documents executed in connection herewith, and (iii) copies of the
articles or certificate of incorporation, bylaws, and other Constituent
Documents of Borrower, that the same have not been amended since the date
specified therein, and that the same are still in effect; and
     (e) Borrower shall have paid Administrative Agent all fees required to be
paid by Borrower under the Loan Documents and the fee letter dated June 22,
2007, executed by Borrower, Bank of America, N.A., and Banc of America
Securities LLC.
     6. Continued Effect. Except to the extent amended hereby or by any
documents executed in connection herewith, all terms, provisions, and conditions
of the Credit Agreement and the other Loan Documents, and all documents executed
in connection therewith, shall continue in full force and effect and shall
remain enforceable and binding in accordance with their respective terms.
     7. Miscellaneous. Unless stated otherwise (a) the singular number includes
the plural and vice versa and words of any gender include each other gender, in
each case, as appropriate, (b) headings and captions may not be construed in
interpreting provisions, (c) this Amendment shall be construed — and its
performance enforced — under Texas law, (d) if any part of this Amendment is for
any reason
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found to be unenforceable, all other portions of it nevertheless remain
enforceable, and (e) this Amendment may be executed in any number of
counterparts with the same effect as if all signatories had signed the same
document, and all of those counterparts must be construed together to constitute
the same document.
     8. Parties. This Amendment binds and inures to each of the parties hereto
and their respective successors and permitted assigns.
     9. Entireties. The Credit Agreement and the other Loan Documents, as
amended by this Amendment, represent the final agreement between the parties
about the subject matter of the Credit Agreement and may not be contradicted by
evidence of prior, contemporaneous, or subsequent oral agreements of the
parties. There are no unwritten oral agreements between the parties.
[Remainder of Page Intentionally Left Blank; Signature Pages to Follow.]
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     EXECUTED as of the first date written above.

                      CENTEX CORPORATION,
as Borrower    
 
               
 
  By:        /s/ Gail M. Peck                  
 
      Name:   Gail M. Peck    
 
               
 
      Title:   Vice President & Treasurer    
 
               

Signature Page to Second Amendment to Credit Agreement Between
Centex Corporation,
Bank of America, N.A., as Administrative Agent,
and the Lenders Defined Therein

 

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                      BANK OF AMERICA, N.A.,
as Administrative Agent, an L/C Issuer, and as a Lender    
 
               
 
  By:        /s/ Mark W. Lariviere                  
 
      Name:   Mark W. Lariviere    
 
               
 
      Title:   Senior Vice President    
 
               

Signature Page to Second Amendment to Credit Agreement Between
Centex Corporation,
Bank of America, N.A., as Administrative Agent,
and the Lenders Defined Therein

 

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                      JPMORGAN CHASE BANK, N.A.
as Co-Syndication Agent, as an L/C Issuer, and as a Lender    
 
               
 
  By:        /s/ David Howard                  
 
      Name:   David Howard    
 
               
 
      Title:   Senior Vice President    
 
               

Signature Page to Second Amendment to Credit Agreement Between
Centex Corporation,
Bank of America, N.A., as Administrative Agent,
and the Lenders Defined Therein

 

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                      THE ROYAL BANK OF SCOTLAND PLC,
as Co-Syndication Agent and as a Lender    
 
               
 
  By:        /s/ William McGinty                  
 
      Name:   William McGinty    
 
               
 
      Title:   Senior Vice President    
 
               

Signature Page to Second Amendment to Credit Agreement Between
Centex Corporation,
Bank of America, N.A., as Administrative Agent,
and the Lenders Defined Therein

 

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                      CITICORP NORTH AMERICA, INC.,
as Co-Documentation Agent and as a Lender    
 
               
 
  By:        /s/ Mark Floyd                  
 
      Name:   Mark Floyd    
 
               
 
      Title:   Vice President    
 
               

Signature Page to Second Amendment to Credit Agreement Between
Centex Corporation,
Bank of America, N.A., as Administrative Agent,
and the Lenders Defined Therein

 

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                      BNP PARIBAS,
as a Senior Managing Agent, as an L/C Issuer, and as
a Lender    
 
               
 
  By:        /s/ Berangere Allen                  
 
      Name:   Berangere Allen    
 
               
 
      Title:   Vice President    
 
               
 
               
 
  By:        /s/ Melissa Balley                  
 
      Name:   Melissa Balley    
 
               
 
      Title:   Vice President    
 
               

Signature Page to Second Amendment to Credit Agreement Between
Centex Corporation,
Bank of America, N.A., as Administrative Agent,
and the Lenders Defined Therein

 

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                      CALYON NEW YORK BRANCH,
as a Senior Managing Agent and as a Lender    
 
               
 
  By:        /s/ Robert Smith                  
 
      Name:   Robert Smith    
 
               
 
      Title:   Managing Director    
 
               
 
               
 
  By:        /s/ Robert Nelson                  
 
      Name:   Robert Nelson    
 
               
 
      Title:   Managing Director    
 
               

Signature Page to Second Amendment to Credit Agreement Between
Centex Corporation,
Bank of America, N.A., as Administrative Agent,
and the Lenders Defined Therein

 

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                      SUNTRUST BANK,
as a Managing Agent, as an L/C Issuer, and as a Lender    
 
               
 
  By:        /s/ W. John Wendler                  
 
      Name:   W. John Wendler    
 
               
 
      Title:   Senior Vice President    
 
               

Signature Page to Second Amendment to Credit Agreement Between
Centex Corporation,
Bank of America, N.A., as Administrative Agent,
and the Lenders Defined Therein

 

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                      THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
as a Senior Managing Agent and as a Lender    
 
               
 
  By:        /s/ Douglas M. Barnell                  
 
      Name:   Douglas M. Barnell    
 
               
 
      Title:   Manager, Southwest Corporate    
 
               

Signature Page to Second Amendment to Credit Agreement Between
Centex Corporation,
Bank of America, N.A., as Administrative Agent,
and the Lenders Defined Therein

 

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                      LLOYDS TSB BANK PLC,
as a Managing Agent and as a Lender    
 
               
 
  By:        /s/ Mario Del Duca                  
 
      Name:   Mario Del Duca    
 
               
 
      Title:   Associate Director    
 
               
 
          Corporate Banking USA    
 
               
 
               
 
  By:        /s/ Deborah Carlson                  
 
      Name:   Deborah Carlson    
 
               
 
      Title:   Director    
 
               
 
          Corporate Banking USA    
 
               

Signature Page to Second Amendment to Credit Agreement Between
Centex Corporation,
Bank of America, N.A., as Administrative Agent,
and the Lenders Defined Therein

 

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                      WACHOVIA BANK, NATIONAL ASSOCIATION,
as Managing Agent and a Lender    
 
               
 
  By:        /s/ Kevin M. Cole, I                  
 
      Name:   Kevin M. Cole, I    
 
               
 
      Title:   Assistant Vice President    
 
               

Signature Page to Second Amendment to Credit Agreement Between
Centex Corporation,
Bank of America, N.A., as Administrative Agent,
and the Lenders Defined Therein

 

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                      COMERICA BANK,
as an L/C Issuer and as a Lender    
 
               
 
  By:        /s/ Casey L. Stevenson                  
 
      Name:   Casey L. Stevenson    
 
               
 
      Title:   Vice President    
 
               

Signature Page to Second Amendment to Credit Agreement Between
Centex Corporation,
Bank of America, N.A., as Administrative Agent,
and the Lenders Defined Therein

 

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                      WASHINGTON MUTUAL BANK, FA,
as a Lender    
 
               
 
  By:        /s/ Brad Johnson                  
 
      Name:   Brad Johnson    
 
               
 
      Title:   Vice President    
 
               

Signature Page to Second Amendment to Credit Agreement Between
Centex Corporation,
Bank of America, N.A., as Administrative Agent,
and the Lenders Defined Therein

 

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                      BARCLAYS BANK PLC,
as Senior Managing Agent and a Lender    
 
               
 
  By:        /s/ Esther Carr                  
 
      Name:   Esther Carr    
 
               
 
      Title:   Manager    
 
               

Signature Page to Second Amendment to Credit Agreement Between
Centex Corporation,
Bank of America, N.A., as Administrative Agent,
and the Lenders Defined Therein

 

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                      PNC BANK, NATIONAL ASSOCIATION,
as a Lender    
 
               
 
  By:        /s/ Douglas G. Paul                  
 
      Name:   Douglas G. Paul    
 
               
 
      Title:   Senior Vice President    
 
               

Signature Page to Second Amendment to Credit Agreement Between
Centex Corporation,
Bank of America, N.A., as Administrative Agent,
and the Lenders Defined Therein

 

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                      UBS LOAN FINANCE LLC,
as a Lender    
 
               
 
  By:        /s/ Irja R. Otsa                  
 
      Name:   Irja R. Otsa    
 
               
 
      Title:   Associate Director    
 
               
 
               
 
  By:        /s/ Mary E. Evans                  
 
      Name:   Mary E. Evans    
 
               
 
      Title:   Associate Director    
 
               

Signature Page to Second Amendment to Credit Agreement Between
Centex Corporation,
Bank of America, N.A., as Administrative Agent,
and the Lenders Defined Therein

 

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                      CITY NATIONAL BANK, a national banking association,
as a Lender    
 
               
 
  By:        /s/ Xavier Barrera                  
 
      Name:   Xavier Barrera    
 
               
 
      Title:   Vice President    
 
               

Signature Page to Second Amendment to Credit Agreement Between
Centex Corporation,
Bank of America, N.A., as Administrative Agent,
and the Lenders Defined Therein

 

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                      THE NORTHERN TRUST COMPANY,
as a Lender    
 
               
 
  By:        /s/ Christopher Mata                  
 
      Name:   Christopher Mata    
 
               
 
      Title:   Commercial Banking Officer    
 
               

Signature Page to Second Amendment to Credit Agreement Between
Centex Corporation,
Bank of America, N.A., as Administrative Agent,
and the Lenders Defined Therein

 

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                      US BANK NATIONAL ASSOCIATION,
as a Lender    
 
               
 
  By:        /s/ Kevin S. McFadden                  
 
      Name:   Kevin S. McFadden    
 
               
 
      Title:   Vice President    
 
               

Signature Page to Second Amendment to Credit Agreement Between
Centex Corporation,
Bank of America, N.A., as Administrative Agent,
and the Lenders Defined Therein

 

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                      COMPASS BANK,
as a Lender    
 
               
 
  By:        /s/ Key Coker                  
 
      Name:   Key Coker    
 
               
 
      Title:   Executive Vice President    
 
               

Signature Page to Second Amendment to Credit Agreement Between
Centex Corporation,
Bank of America, N.A., as Administrative Agent,
and the Lenders Defined Therein

 

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                      MERRILL LYNCH BANK USA,
as a Lender    
 
               
 
  By:        /s/s Derek Befus                  
 
      Name:   Derek Befus    
 
               
 
      Title:   Vice President    
 
               

Signature Page to Second Amendment to Credit Agreement Between
Centex Corporation,
Bank of America, N.A., as Administrative Agent,
and the Lenders Defined Therein

 

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                      NATIXIS New York branch (fka NATEXIS
BANQUES POPULAIRES),
as a Lender    
 
               
 
  By:        /s/ Marie-Edith Dugeny                  
 
      Name:   Marie-Edith Dugeny    
 
               
 
      Title:   Managing Director, Real Estate Finance    
 
               
 
               
 
  By:        /s/ Timothée Delpont                  
 
      Name:   Timothée Delpont    
 
               
 
      Title:   Associate, Real Estate Finance    
 
               
 
               
 
               

Signature Page to Second Amendment to Credit Agreement Between
Centex Corporation,
Bank of America, N.A., as Administrative Agent,
and the Lenders Defined Therein

 

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                      FIRST HAWAIIAN BANK,
as a Lender    
 
               
 
  By:        /s/ George Leong                  
 
      Name:   George Leong    
 
               
 
      Title:   Vice President    
 
               

Signature Page to Second Amendment to Credit Agreement Between
Centex Corporation,
Bank of America, N.A., as Administrative Agent,
and the Lenders Defined Therein

 

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                      FIFTH THIRD BANK,
as a Lender    
 
               
 
  By:        /s/ Christopher C. Motley                  
 
      Name:   Christopher C. Motley    
 
               
 
      Title:   Vice President    
 
               

Signature Page to Second Amendment to Credit Agreement Between
Centex Corporation,
Bank of America, N.A., as Administrative Agent,
and the Lenders Defined Therein

 

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                      SOCIETE GENERALE,
as a Lender    
 
               
 
  By:        /s/ Milissa A. Goeden                  
 
      Name:   Milissa A. Goeden    
 
               
 
      Title:   Director    
 
               

Signature Page to Second Amendment to Credit Agreement Between
Centex Corporation,
Bank of America, N.A., as Administrative Agent,
and the Lenders Defined Therein

 

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                      LASALLE BANK NATIONAL ASSOCIATION,
as a Lender    
 
               
 
  By:        /s/ Natalie Saritiki                  
 
      Name:   Natalie Saritiki    
 
               
 
      Title:   Vice President    
 
               

Signature Page to Second Amendment to Credit Agreement Between
Centex Corporation,
Bank of America, N.A., as Administrative Agent,
and the Lenders Defined Therein