Exhibit 10.32

ASSIGNMENT AND AMENDMENT AGREEMENT

          THIS ASSIGNMENT AND AMENDMENT AGREEMENT (this “Assignment and
Amendment”), dated as of July 18, 2003, is among CNX FUNDING CORPORATION (the
“Seller”), BEETHOVEN FUNDING CORPORATION (“Beethoven”), as assignee, DRESDNER
BANK AG, NEW YORK BRANCH (“Dresdner”), as conduit agent for Beethoven (the
“Beethoven Conduit Agent”), MARKET STREET FUNDING CORPORATION (“Market Street”),
as assignor, and PNC BANK, NATIONAL ASSOCIATION, as agent for Market Street (in
such capacity, “PNC”) and as administrator (in such capacity, the
“Administrator”).

BACKGROUND

          The Seller and various others are parties to a certain Receivables
Purchase Agreement dated as of April 30, 2003 (as amended through the date
hereof, the “Receivables Purchase Agreement”). Capitalized terms used and not
otherwise defined herein have the respective meaning assigned to such terms in
the Receivables Purchase Agreement.

         NOW, THEREFORE, the parties hereto hereby agree as follows:

ARTICLE I

ASSIGNMENT AND ASSUMPTION

          SECTION 1.1 Pursuant to Section 6.3 of the Receivables Purchase
Agreement (including as amended hereby), the Seller desires the Beethoven and
Dresdner to become parties to the Receivables Purchase Agreement as a Conduit
Purchaser and Conduit Agent, respectively, and upon the terms and subject to the
conditions set forth in the Receivables Purchase Agreement, Beethoven and
Dresdner agree to become parties in such capacity thereunder.

          Seller hereby represents and warrants to each of Beethoven, Dresdner,
the Administrator and Market Street as of the date hereof, as follows:

                       (i)         that the representations and warranties
contained in Exhibit III to the Receivables Purchase Agreement (including as
amended hereby) are true and correct as of the date hereof (unless stated to
relate solely to an earlier date, in which case such representations and
warranties were true and correct as of such earlier date);

                      (ii)         no Termination Event or Unmatured Termination
Event has occurred and is continuing, or would result from the transactions
contemplated hereby; and

                     (iii)         no Facility Termination Date of the type
described in paragraph (a), (b) or (c) of the definition thereof shall have
occurred.

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          SECTION 1.2  Upon execution and delivery of this Assignment and
Amendment by the Seller, Beethoven, Dresdner, the Administrator and Market
Street, and receipt by the Administrator of counterparts of this Assignment and
Amendment (whether by facsimile or otherwise) executed by each of the parties
hereto, each of Beethoven and Dresdner shall become a party to, and have the
rights and obligations of a Conduit Purchaser and Conduit Agent, respectively,
under the Receivables Purchase Agreement and Market Street and PNC as the
Conduit Agent for Market Street shall, to the extent of the interest assigned by
Market Street hereunder, relinquish their rights and interest (other than the
right to receive payments which accrued in favor of Market Street prior to but
not including the date hereof) and be released for their obligations in respect
thereof under the Receivables Purchase Agreement.

          SECTION 1.3

                    (a)         Market Street (the “Assignor”) hereby sells and
assigns to Beethoven (the “Assignee”) without recourse and without
representation or warranty (except that it is the sole owner of its right, title
and interest in and to the portion of Purchased Interest being transferred
hereunder free of any Adverse Claim), and the Assignee hereby purchases and
assumes from the Assignor, that portion of the Assignor’s interest in and to the
Purchased Interest and that portion of the Assignor’s other rights and
obligations under the Receivables Purchase Agreement as of the date hereof equal
to the following:

Commitment assigned:     $ 62,500,000 Assignor’s remaining Commitment:     $
62,500,000 Capital assigned:     $ 25,000,000 Assignor’s remaining Capital:    
$ 25,000,000

         The Commitments of Assignor and the Assignee shall be as set forth on
the signature page hereto.

                    (b)         The Assignor hereby instructs the Administrator
to make all payments from and after the date hereof in respect of the portion of
the Purchased Interest assigned hereby directly to the Assignee. The Assignor
and the Assignee agree that all Discount and fees accrued up to, but not
including, the date hereof are the property of the Assignor, and not the
Assignee. The Assignee agrees that, upon receipt of any such Discount or fees,
the Assignee will promptly remit the same to the Assignor.

                    (c)         On the date hereof, the Assignee shall pay to
the Assignor, in immediately available funds, an amount equal to the purchase
price of the portion of the Purchased Interest assigned hereunder in accordance
with the following payment instructions:

   PNC Bank, National Association    ABA No.: 043000096    Account Name: Market
Street Funding Corporation     Account No.: 1002422076    Ref: CNX Funding
Corporation

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                    (d)         All notices and other communications delivered
or to be delivered hereunder or under the Receivables Purchase Agreement to
Beethoven and Dresdner shall be sent or delivered to such Person at the address
set forth under their names on the signature pages hereof.

ARTICLE II

AMENDMENTS

          Each of the parties hereto hereby desire to amend the Receivables
Purchase Agreement as follows:

          SECTION 2.1 Section 1.1(a) of the Receivables Purchase Agreement is
hereby amended by adding the word “not” between the words “would” and “exceed”
in the last line thereof.

          SECTION 2.2 Clause (ii) of the definition of “Excess Concentration”
set forth in Exhibit I of the Receivables Purchase Agreement is hereby amended
in its entirety as follows:

          “(ii)      the amount by which the sum of all Eligible Receivables the
Obligors of which are Canadian residents exceeds 10% (or, if at any time, the
foreign currency rating of Canada falls below A by Standard & Poor’s or A2 by
Moody’s, 2%) of all Eligible Receivables”

          SECTION 2.3 Article V of the Receivables Purchase Agreement is hereby
amended by adding thereto the following new Sections:

  “Section 5.11     Conduit Agent Duties.

                (a)         In performing its functions and duties hereunder,
each Conduit Agent shall act solely as the agent for its related Conduit
Purchasers and does not assume nor shall be deemed to have assumed any
obligation or relationship of trust or agency with any other Conduit Purchaser
or for the Seller or Servicer or any of their respective successors and assigns

                (b)        Each Conduit Agent may execute any of its duties
through agents or attorneys-in-fact and shall be entitled to advice of counsel
concerning all matters pertaining to such duties. No Conduit Agent shall be
responsible for the negligence or misconduct of any agents or attorneys-in-fact
selected by it with reasonable care.

      Section 5.12     Exculpatory Provisions.

                Neither the Conduit Agents nor any of their respective
directors, officers, agents or employees shall be liable for any action taken or
omitted (i) with the consent or at the direction of its related Conduit
Purchaser or (ii) in the absence of such Person’s gross negligence or willful
misconduct. No Conduit Agent shall be responsible to any Conduit Purchaser,
Conduit Agent or other Person for (i) any recitals, representations, warranties
or other statements made by the Seller,

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  Servicer, or any of their Affiliates, (ii) the value, validity, effectiveness,
genuineness, enforceability or sufficiency of any Transaction Document,
(iii) any failure of the Seller, any Originator or any of their Affiliates to
perform any obligation or (iv) the satisfaction of any condition specified in
Exhibit II. No Conduit Agent shall have any obligation to any Conduit Purchaser,
Conduit Agent or other Person to ascertain or inquire about the observance or
performance of any agreement contained in any Transaction Document or to inspect
the properties, books or records of the Seller, Servicer, Originator or any of
their Affiliates.

            Section 5.13     Reliance by the Conduit Agents. Each Conduit Agent
shall in all cases be entitled to rely, and shall be fully protected in relying,
upon any document or other writing or conversation believed by it to be genuine
and correct and to have been signed, sent or made by the proper Person and upon
advice and statements of legal counsel (including counsel to the Seller),
independent accountants and other experts selected by such Conduit Agent. Each
Conduit Agent shall in all cases be fully justified in failing or refusing to
take any action under any Transaction Document unless it shall first receive
such advice or concurrence of its related Conduit Purchaser, and assurance of
its indemnification, as it deems appropriate.”

          SECTION 2.4  Section 6.1 of the Receivables Purchase Agreement is
hereby amended, by adding thereto the following two new paragraphs:

            “Except as otherwise provided in the next succeeding paragraph of
this Section 6.1, and except with respect to any action taken by PNC, Dresdner
or any other Conduit Agent in their respective capacities as Conduit Agent for
their related Conduit Purchasers in connection with: (i) any decision of its
related Conduit Purchaser to make purchases pursuant to Section 1.2 hereof or
(ii) the transfer of any interest or participation by any such Conduit Purchaser
to one or more of its Program Support Providers pursuant to a Program Support
Agreement, and notwithstanding anything in the immediately preceding paragraph
to the contrary, the exercise by the Administrator, Dresdner or any other
Conduit Agent of any discretion to vote, amend, consent, waive, cause an audit,
declare the occurrence of the Facility Termination Date or to otherwise take (or
cause to be taken) action hereunder or under any other Transaction Document
(regardless of whether or not such discretion may be exercised alone or requires
the consent or approval of other parties) shall, in all cases, require the
consent of each of PNC, in its capacity as Administrator and each other Conduit
Agent (including Dresdner).

            The Administrator hereby agrees that if, at any time, it receives
any notice, report, Information Package or other item required to be delivered
to it hereunder or under any other Transaction Document by the Seller or the
Servicer (and which has not been previously delivered to each Conduit Agent), it
shall, promptly upon request by any such Conduit Agent, provide such information
or other item to each such Conduit Agent.”

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           SECTION 2.5  Section 6.3(b) of the Receivables Purchase Agreement is
hereby amended in its entirety as follows:

                   “(b)       Any Conduit Purchaser may at any time grant to one
or more banks or other institutions (each, a “Purchaser”) party to the Liquidity
Agreement, or to any other Program Support Provider, participating interests in
the Purchased Interest; provided, however, that any Person (other than the
Administrator, any Conduit Agent or an Affiliate thereof) who becomes a
Purchaser shall have been consented to by the Seller, which consent shall not be
unreasonably withheld. In the event of any such grant by a Conduit Purchaser of
a participating interest to a Purchaser or other Program Support Provider, such
Conduit Purchaser shall remain responsible for the performance of its
obligations hereunder. The Seller agrees that each Purchaser or other Program
Support Provider shall be entitled to the benefits of Sections 1.7 and 1.8.”

           SECTION 2.6  Section 2 of Exhibit IV to the Receivables Purchase
Agreement is hereby amended, by adding to the end thereof the following new
paragraph (l):

                   “(l)       Notwithstanding anything to the contrary herein or
in any other Transaction Document, CONSOL Energy, in its capacity as Servicer,
shall cause all reports, notices, request and other documents or information
(including, without limitation, the Information Package and each other item
described in paragraph (k), above), required to be provided by it or the Seller
hereunder or under any other Transaction Document to the Administrator, to also
be provided to each Conduit Agent (including Dresdner).”

           SECTION 2.7  Schedule V to the Receivables Purchase Agreement is
hereby amended in its entirety as follows:

Name
  Commitment
  Undivided % Ownership
Interest
  Conduit Agent

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1.  Market Street     $ 62,500,000    
 50%
  PNC 2.  Beethoven     $ 62,500,000    
 50%
  Dresdner

ARTICLE III

MISCELLANEOUS

         SECTION 3.1  Representations and Warranties. Each of the Seller and the
Servicer hereby represents and warrants to the Conduit Purchasers (including
Market Street and Beethoven), the Conduit Agents (including PNC and Dresdner)
and the Administrator that the representations and warranties of such Person
contained in Exhibit III to the Receivables Purchase Agreement (including as
amended hereby) are true and correct as of the date hereof (unless stated to
relate solely to an earlier date, in which case such representations and
warranties

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were true and correct as of such earlier date), and that as of the date hereof,
no Termination Event or Unmatured Termination Event has occurred and is
continuing or will result from this Assignment and Amendment.

         SECTION 3.2  No Petition. Each party hereto hereby covenants and agrees
that it will not institute against, or join any other Person in instituting
against, any Conduit Purchaser, any bankruptcy, reorganization, arrangement,
insolvency or liquidation proceeding, or other proceeding under any federal or
state bankruptcy or similar law, for one year and one day after the latest
maturing Note issued by such Conduit Purchaser is paid in full. The covenant
contained in this paragraph shall survive any termination of the Receivables
Purchase Agreement.

         SECTION 3.3  Effect of Amendment. All provisions of the Receivables
Purchase Agreement, as expressly amended and modified by this Amendment, shall
remain in full force and effect and are hereby ratified and confirmed in all
respects. After this Amendment becomes effective, all references in the
Receivables Purchase Agreement (or in any other Transaction Document) to “this
Agreement”, “hereof”, “herein” or words of similar effect referring to the
Receivables Purchase Agreement shall be deemed to be references to the
Receivables Purchase Agreement as amended by this Assignment and Amendment. This
Assignment and Amendment shall not be deemed, either expressly or impliedly, to
waive, amend or supplement any provision of the Receivables Purchase Agreement
other than as set forth herein. In addition, notwithstanding anything herein or
in the Receivables Purchase Agreement or other Transaction Documents to the
contrary, each of the parties hereto, hereby consents and agrees to (i) the
assignment and amendments contemplated hereby and (ii) that all of the
provisions in the Receivables Purchase Agreement and the other Transaction
Documents shall be interpreted so as to give effect to the intent of the parties
hereto as set forth in this Assignment and Amendment.

         SECTION 3.4  Effectiveness. This Assignment and Amendment shall become
effective as of the date hereof upon receipt by the Administrator and Dresdner
of the following (each, in form and substance satisfactory to the Administrator
and Dresdner):

              (a)        Counterparts of this Amendment (whether by facsimile or
otherwise) executed by each of the parties hereto;

              (b)       Receipt by Dresdner of written confirmation from each of
Moody’s and Standard & Poor’s that the transactions contemplated by this
Assignment and Amendment and the Receivables Purchase Agreement will not cause
the downgrade or withdrawal by such rating agency of its then current rating of
the Notes issued by Beethoven;

              (c)       One or more reliance letters (in form and substance
satisfactory to Dresdner) with respect to each opinion delivered by counsel to
the Seller, the Servicer and the Originators on the Closing Date, as Dresdner
may reasonably request;

              (d)       Satisfaction of the requirements for the assignment and
assumption from Market Street to Beethoven described in Article I, above; and

              (e)       Such other documents, certificates, agreements and
opinions as the Administrator or Dresdner may reasonably request.

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         SECTION 3.5  Counterparts. This Assignment and Amendment may be
executed in any number of counterparts and by different parties on separate
counterparts, each of which when so executed shall be deemed to be an original
and all of which when taken together shall constitute but one and the same
instrument.

         SECTION 3.6  Governing Law. This Assignment and Amendment shall be
governed by, and construed in accordance with, the laws of the State of New York
(including Section 5-1401 of the General Obligations Laws of the State of New
York, but otherwise without regard to conflicts of law principles).

         SECTION 3.7  Section Headings. The various headings of this Assignment
and Amendment are included for convenience only and shall not affect the meaning
or interpretation of this Assignment and Amendment, the Receivables Purchase
Agreement or any provision hereof or thereof.

         SECTION 3.8  Amendments. This Assignment and Amendment may not be
amended, supplemented or waived except pursuant to a writing signed by the party
to be charged.

(continued on following page)

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         IN WITNESS WHEREOF, the parties hereto have executed this Assignment
and Amendment by their duly authorized officers as of the date first above
written.

    BEETHOVEN FUNDING CORPORATION, as a
Conduit Purchaser           By:        

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  Name Printed:        

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  Title:        

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  Address:         Beethoven Funding Corporation       c/o Global Securitization
Service, LLC       114 West 47th Street, Suite 1715       New York, New York
10036               Attention:     Matthew M. Door       Telephone:   (631)
930-7206       Facsimile:      (212) 302-8767               Commitment: $
62,500,000

 

5002735.063 S-1 Assignment and Amendment
(CNX Funding Corporation)

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  DRESDNER BANK AG, NEW YORK BRANCH,
as Conduit Agent for Beethoven Funding
Corporation

                        By:          

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   Name Printed:         

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   Title:             

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                                    By:              

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      Name Printed:               

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      Title:               

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   Address:                 Dresdner Bank AG, New York Branch     1301 Avenue of
the Americas     New York, New York 10019               Attention:            
New York Securitization       Telephone:           (212) 895-1925      
Facsimile:              (212) 429-4480

 

5002735.063 S-2 Assignment and Amendment
(CNX Funding Corporation)

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  MARKET STREET FUNDING CORPORATION,   as a Conduit Purchaser

    By:          

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   Name Printed:            

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    Title:           

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    Address:             Market Street Funding Corporation     c/o AMACAR Group,
L.L.C.     6525 Morrison Blvd., Suite 318     Charlotte, North Carolina 28211  
         Attention:             Douglas K. Johnson      Telephone No.:    (704)
365-0569      Facsimile No.:       (704) 365-1362           With a copy to:     
         PNC Bank, National Association     One PNC Plaza       249 Fifth Avenue
     Pittsburgh, Pennsylvania 15222-2707              Attention:            John
Smathers       Telephone No.:   (412) 762-6440        Facsimile No.:      (412)
762-9184                  Commitment $ 62,500,000

 

5002735.063 S-3 Assignment and Amendment
(CNX Funding Corporation)

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  PNC BANK, NATIONAL ASSOCIATION,   as Conduit Agent for Market Street Funding

  Corporation        By:         

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  Name Printed:           

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  Title:          

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   Address:               PNC Bank, National Association      One PNC Plaza     
  249 Fifth Avenue     Pittsburgh, Pennsylvania 15222-2707          
Attention:             John Smathers     Telephone No.:    (412) 762-6440    
Facsimile No.:       (412) 762-9184

 

5002735.063 S-4 Assignment and Amendment
(CNX Funding Corporation)

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    CNX FUNDING CORPORATION, as Seller    

             By:        

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    Name Printed:        

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    Title:        

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Consented and Agreed:       PNC BANK, NATIONAL ASSOCIATION,   as Administrator  

  By:    

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  Name Printed:   Title:    

 

5002735.063 S-5 Assignment and Amendment
(CNX Funding Corporation)

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Consented and Agreed:       CONSOL ENERGY INC.,   as Servicer  

        By:      

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  Name Printed:   Title:    

 

5002735.063 S-6 Assignment and Amendment
(CNX Funding Corporation)