Amendment No. 2 to Master Repurchase Agreement



  
 EXHIBIT 10.10

  
 SECOND AMENDMENT TO 
 MASTER REPURCHASE AGREEMENT 
  
 This Amendment No. 2 to Master Repurchase Agreement (“Amendment”) is dated as of September 30, 2003 between WACHOVIA BANK, NATIONAL ASSOCIATION,
a national banking association (formerly First Union National Bank) (“Buyer”), and CAPITAL LEASE FUNDING, LLC, a Delaware limited liability company (formerly Capital Lease Funding L.P., a Delaware limited partnership)
(“Seller”). 
  
 STATEMENT OF PURPOSE

  
 Buyer and Seller have previously entered into a Master
Repurchase Agreement dated October 1, 2001, as amended by a First Amendment to Master Repurchase Agreement dated as of February 25, 2003 (collectively, the “Agreement”). The parties now desire to further amend the Agreement as
provided in this Amendment. 
  
 AMENDMENT 

 
 Section 1. Amendment. Section 1.27 of Exhibit A to
the Agreement is amended and restated as follows: 
  
 1.27 “Termination Date” means November 1, 2004. 
  
 Section 2. Agreement in Full Force and Effect as Amended. Except as specifically amended by this Amendment, the Agreement shall remain in full force and effect. The parties agree to be bound by
the terms and conditions of the Agreement as amended by this Amendment, as though such terms and conditions were set forth in the Agreement. 
  
 Section 3. Conditions Precedent. This Amendment shall not be effective until this Amendment has been duly executed by, and delivered
to, the parties. 
  
 Section 4.
Miscellaneous. 
  
 (a) This Amendment may be
executed in any number of counterparts, and by the different parties on the same or separate counterparts, each of which shall be deemed to be an original instrument but all of which together shall constitute one and the same agreement. 

 
 (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 of this Agreement. 
  
 (c) This Amendment may not be amended or otherwise modified except as provided in the Agreement. 
  
 (d) The failure or unenforceability of any provision hereof shall not affect
the other provisions of this Amendment. 







 (e) This Amendment represents the final agreement between the parties and may not be contradicted by
evidence of prior, contemporaneous or subsequent oral agreements between the parties. There are no unwritten oral agreements between the parties. 
  

 2 








 IN WITNESS WHEREOF, the parties have caused this Amendment to be executed on the date set forth above by
its authorized agents. 
  

									
	BUYER:	 	 	 	WACHOVIA BANK, NATIONAL ASSOCIATION (formerly known as First Union National Bank), a national banking association
					
	 	 	 	 	 	 	By:	  	/S/    MARIANNE HICKMAN
	 	 	 	 	 	 	 	 	

	 	 	 	 	 	 	Name:	  	Marianne Hickman
	 	 	 	 	 	 	 	 	

	 	 	 	 	 	 	Title:	  	Director
	 	 	 	 	 	 	 	 	

	 	 	 	 	 	 	 	  	 
				
	 	 	 	 	 	 	 Wachovia Bank, National Association
 301 South College Street
 16th Floor
 Charlotte, NC 28288
 Attention: William C. Green
 Telecopy: (704) 383-7639
 E-mail: billc.green@wachovia.com
  
 with a copy to:
  
 Mayer, Brown, Rowe & Maw
 214 North Tryon Street, Suite 3800
 Charlotte, North Carolina 28202
 Attention: James R. Bryant, III
 Telecopy: (704) 377-2033
 E-mail: jbryant@mayerbrownrowe.com


  
 [Signatures
Continued on the Following Page] 
  










									
	SELLER:	 	 	 	 CAPITAL LEASE FUNDING, LLC, a
 Delaware limited liability company 

					
	 	 	 	 	 	 	By:	 	 /s/    SHAWN SEALE


	 	 	 	 	 	 	 	 	 Shawn Seale, Senior Vice-President

				
	 	 	 	 	 	 	 Capital Lease Funding, LLC
 110 Maiden Lane, 26th Floor
 New York, New York 10005
 Attention: Paul H. McDowell
 Telecopy: (212) 217-6301
 E-mail: paul@caplease.com
  
 with a copy to:
  
 Cadwalader, Wickersham & Taft
 100 Maiden Lane
 New York, New York 10038
 Attention: Karen Gelernt, William Mills
 Telecopy: (212) 504-6666
 E-mail: Karen.Gelernt@cwt.com,
 William.Mills@cwt.com