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Exhibit 10.3
  
   Contributor
 Issuer
   Initial Purchasers
  Lender Group Agents
  Financial Institutions)
  Administrative Agent




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Table of Contents
 SECTION
    
    HEADING
    
    PAGEArticle I DEFINITIONS
    
    
    1Section 1.01.
    
    Certain Defined Terms
    
    
    1Section 1.02.
    
    Other Definitional Provisions
    
    
    6Article II PURCHASE AND SALE
    
    
    7Section 2.01.
    
    Initial Purchase and Sale of the Notes
    
    
    7Section 2.02.
    
    Initial Advance Amount
    
    
    7Section 2.03.
    
    Advances
    
    
    7Section 2.04.
    
    Pre-Funding Account
    
    
    8Section 2.05.
    
    Interest Rates
    
    
    9Section 2.06.
    
    Taxes
    
    
    9Section 2.07.
    
    Extension of Commitment Expiry Date
    
    
    11Article III CLOSING
    
    
    11Section 3.01.
    
    Initial Funding Date
    
    
    11Section 3.02.
    
    Transactions to Be Effected
    
    
    11Article IV CONDITIONS PRECEDENT TO PURCHASE ON THE INITIAL FUNDING DATE
    
    
    12Section 4.01.
    
    Conditions to Initial Purchase
    
    
    12Section 4.02.
    
    Conditions Precedent to Advances
    
    
    13Article V REPRESENTATIONS AND WARRANTIES
    
    
    14Section 5.01.
    
    Authority, Etc.
    
    
    14Section 5.02.
    
    Notes
    
    
    15Section 5.03.
    
    Litigation
    
    
    15Section 5.04.
    
    Taxes, Etc.
    
    
    15Section 5.05.
    
    Financial Condition
    
    
    15Section 5.06.
    
    Transaction Document Representations and Warranties
    
    
    15Section 5.07.
    
    Issuer and Servicer Representations and Warranties
    
    
    15Section 5.08.
    
    No Registration of the Note; No Qualification of the Indenture
    
    
    15Section 5.09.
    
    Power and Authority
    
    
    16Section 5.10.
    
    Confirmation of Written Information
    
    
    16Article VI COVENANTS OF THE PARTIES
    
    
    16Section 6.01.
    
    Information from the Transaction Parties
    
    
    16




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SECTION
    
    HEADING
    
    PAGESection 6.02.
    
    Covenants
    
    
    16Article VII ADDITIONAL COVENANTS
    
    
    17Section 7.01.
    
    Expenses
    
    
    17Section 7.02.
    
    Restrictions on Transfer
    
    
    17Section 7.03.
    
    Securities Act
    
    
    17Article VIII INDEMNIFICATION
    
    
    17Section 8.01.
    
    Indemnification by the Contributor
    
    
    17Section 8.02.
    
    Procedure
    
    
    18Section 8.03.
    
    Defense of Claims
    
    
    18Article IX MISCELLANEOUS
    
    
    19Section 9.01.
    
    Amendments
    
    
    19Section 9.02.
    
    Notices
    
    
    19Section 9.03.
    
    No Waiver; Remedies
    
    
    19Section 9.04.
    
    Binding Effect; Assignability
    
    
    19Section 9.05.
    
    Provision of Documents and Information
    
    
    20Section 9.06.
    
    Governing Law; Jurisdiction
    
    
    20Section 9.07.
    
    No Proceedings
    
    
    20Section 9.08.
    
    Execution in Counterparts
    
    
    21Section 9.09.
    
    Waiver of Set-off
    
    
    21Section 9.10.
    
    Corporate Obligations  Issuer
    
    
    21Section 9.11.
    
    Survival
    
    
    21Section 9.12.
    
    Appointment of Administrative Agent for the Purchasers and Lender Group Agents
    
    
    21Section 9.13.
    
    Bankruptcy Petition Against any CP Issuing Purchaser
    
    
    24Section 9.14.
    
    Trial by Jury Waived
    
    
    24Section 9.15.
    
    Severability of Provisions
    
    
    24Section 9.16.
    
    Captions
    
    
    24Section 9.17.
    
    Integration
    
    
    24Section 9.18.
    
    Limitation of Liability
    
    
    25Section 9.19.
    
    Pre-Funding Exceptions
    
    
    25Section 9.20.
    
    Amendment and Restatement
    
    
    25Schedule I  Addresses for Notices




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Agreement Effective Date Issuer Contributor Initial
Purchasers Financial Institutions Purchasers Administrative Agent
 RECITALS
 , , Prior Agreement
   Article I
 DEFINITIONS
 Section 1.01. Certain Defined Terms
 Advance Section 2.03 Section 2.13
 Advance Date
 Agents
 Aggregate Advance Section 2.03
 Assignment Agreement Section 9.04
 Business Day




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Commercial Paper
 Commitment Expiry Date Section 2.06
 Contribution Agreement
 CP Costs
 CP Disruption
 CP Issuing Purchaser
 CP Rate
 2




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per annum
 CP Tranche
 Depositor
 Fairway Lender Group
 Federal Bankruptcy Code
 Financial Institution
 Fixed Period
 Formal Transfer Requirements
 Governmental Action
 Governmental Authority
 Governmental Rule
 Indemnified Party
 Indenture
 3




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Initial Advance Amount Section 2.02
 Initial Funding Date Article III
 Initial Purchasers Falcon Fairway
 Instruction Letter
 Falcon Lender Group
 Lender Group
 Lender Group Agent
 LIBOR
 LIBOR Tranche
 Liquidity Agreement
 4




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London Business Day
 Note
 Note Advance
 Noteholder
 Pool
 Pooled Commercial Paper
 Pre-Funded Collateral
 Pre-Funded Receivables
 Pre-Funding Account Section
5.01(a)(iii)
 Pre-Funding Advance Percentage
 Pre-Funding Receivables Advance
 Pre-Funding Servicer Report
 Pre-Funding Transfer Date
 5




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Prime Rate Tranche
 Pro Rata Share
 Purchasers
 Sale and Servicing Agreement
 Third Party Claim Section 8.02
 Tranche
 Transaction Party
 Trust Agreement
 Section 1.02. Other Definitional Provisions
 Section 1.01 Section 1.01
  6




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Article II
 PURCHASE AND SALE
 Section 2.01. Initial Purchase and Sale of the Notes
 Section 2.02. Initial Advance Amount Initial Advance Amount
 Section 2.03. Advances. Sections 2.11 2.12 Sections
4.01 4.02 Section 2.14 Aggregate Advance provided Funding Request Section 2.14 Section
3.02(a)(xxv) Section 2.14
 7




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Section 2.04. Pre-Funding Account.
 2.03(b),
 Section 5.01(a)(iii) Pre-Funding Account
   Section 2.12
   8




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Section 2.05. Interest Rates Section 2.01 2.02 2.03
  rd Invoice
 Section 2.06. Taxes
 9




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Taxes Section 2.05 Section 2.05(a) 2.05(b) Section 2.05
 Other Taxes
 Section 2.05 Section 2.05(a) Section 2.05 provided
 10




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Section 2.05
 Section 2.07. Extension of Commitment Expiry Date Extension Request Date Original Commitment
Expiry Date Extension Acceptance Date
 Section 2.06(a)
 Article III
 CLOSING
 Section 3.01. Initial Funding Date Closing Article IV Initial Funding Date
 Section 3.02. Transactions to Be Effected
 11




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Article IV
 CONDITIONS PRECEDENT TO PURCHASE ON THE INITIAL FUNDING DATE
 Section 4.01. Conditions to Initial Purchase Section 2.11 Section 4.01(c)
     Section 2.11(d)
 12




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Section 4.02. Conditions Precedent to Advances
 Section 2.12
  Section 3.02(a)(xxv)
    Section 3.15
  Section 7.01
  13




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Section 4.02(a) (b)
 Article V
 REPRESENTATIONS AND WARRANTIES
  Section 5.01. Authority, Etc
    14




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Section 5.02. Notes
 Section 5.03. Litigation
 Section 5.04. Taxes, Etc
 Section 5.05. Financial Condition
 Section 5.06. Transaction Document Representations and Warranties
 Section 5.07. Issuer and Servicer Representations and Warranties
 Section 5.08. No Registration of the Note; No Qualification of the Indenture
 15




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Section 5.09. Power and Authority
 Section 5.10. Confirmation of Written Information
 Article VI
 COVENANTS OF THE PARTIES
 Section 6.01. Information from the Transaction Parties
    Section 6.02. Covenants
 Section 6.01
  16




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Article VII
 ADDITIONAL COVENANTS
 Section 7.01. Expenses
 Section 7.02. Restrictions on Transfer Section 2.07
 Section 7.03. Securities Act
 Article VIII
 INDEMNIFICATION
 Section 8.01. Indemnification by the Contributor Losses provided, however
 17




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Section 8.02. Procedure Third Party Claim
 Section 8.03. Defense of Claims provided
 18




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Article IX
 MISCELLANEOUS
 Section 9.01. Amendments
 Section 9.02. Notices Schedule I
 Section 9.03. No Waiver; Remedies
 Section 9.04. Binding Effect; Assignability provided, however
 Purchasing Financial Institution Assignment Agreement provided
 Participant
 19




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Article VIII provided, however
 provided,
however Article V Sections 2.04 2.05 7.01 7.02 Article
VIII Sections 9.06 9.11 9.12 9.13
 Section 9.05. Provision of Documents and Information
 Section 9.06. Governing Law; Jurisdiction FORUM NON CONVENIENS
 Section 9.07. No Proceedings
 20




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Section 9.08. Execution in Counterparts
 Section 9.09. Waiver of Set-off
 Section 9.10. Corporate Obligations  Issuer
 Section 9.11. Survival
 Section 9.12. Appointment of Administrative Agent for the Purchasers and Lender Group Agents Section 6.06(a) Section 10.02 Section 2.12(ii)(C)
  21




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22




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23




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Sections 2.04 2.05 7.02 8.01 9.11 9.12 9.13
 Section 9.13. Bankruptcy Petition Against any CP Issuing Purchaser
 Section 9.14. Trial by Jury Waived
 Section 9.15. Severability of Provisions
 Section 9.16. Captions
 Section 9.17. Integration
 24




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Section 9.18. Limitation of Liability
 Section 9.19. Pre-Funding Exceptions.
 Section 9.20. Amendment and Restatement.
 25




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BAY VIEW ACCEPTANCE CORPORATION, as
ContributorByName:Title:
 Signature Page to Note Purchase Agreement




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BAY VIEW 2005 WAREHOUSE TRUST, as IssuerBy:
    
    Wilmington Trust Company, not in its
individual capacity but solely as Owner
Trustee
 Signature Page to Note Purchase Agreement




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FALCON ASSET SECURITIZATION CORPORATION,
as PurchaserByName: George S. WilkinsTitle: Authorized Signer
 Signature Page to Note Purchase Agreement




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JPMORGAN CHASE BANK, N.A., as Financial
Institution, Lender Group Agent and
Administrative AgentByName: George S. WilkinsTitle: Authorized Signer
 Signature Page to Note Purchase Agreement




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FAIRWAY FINANCE COMPANY, LLC, as
PurchaserByName:Title:
 Signature Page to Note Purchase Agreement




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HARRIS NESBITT CORP., as Administrator and
Lender Group AgentByName:Title:
 Signature Page to Note Purchase Agreement




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BANK OF MONTREAL, as Financial InstitutionByName:Title:
 Signature Page to Note Purchase Agreement




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ByName:Title:
 
 ByName:Title:
 Signature Page to Note Purchase Agreement




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SCHEDULE I
 ADDRESSES FOR NOTICES




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th




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Exhibit A