Release Capital.
"3.1.3(a)(v) " shall be replaced with "3.1.5(a)(v)"
Credit Agreement Draws.
"3.1.3(a)(viii) " shall be replaced with
"3.1.5(a)(viii)"
Existing CFin Holdings Capital.
"3.1.3(a)(iv) " shall be replaced with
"3.1.5(a)(iv)"
Extended Schedule B-2 Stabilization Date.
"3.1.2(a) " shall be replaced with
"3.1.4(a)"
Forbearance Election.
"3.1.1(b) " shall be replaced with "3.1.3"
Forbearance Election Termination Date.
"3.1.1(b) " shall be replaced with
"3.1.3"
Limited Support Guaranty.
"3.1.5" shall be replaced with "3.1.7"
Local Partnership Guaranties.
"3.1.1(a)(i) " shall be replaced with "3.1.2"
Mission Del Rio Expiration Date.
"3.1.2(a) " shall be replaced with "3.1.4"
Modified Stabilization Resolution.
"3.1.3" shall be replaced with "3.1.5"
Schedule B-1 Work-Out Sources.
"3.1.1(a) " shall be replaced with "3.1.2"
Schedule B-2 Bonds.
"3.1.2 shall be replaced with "3.1.4"
Schedule B-2 Preliminary Work-Out Agreements.
"3.1.2" shall be replaced with
"3.1.4"
Schedule B-2 Stabilization Work-Out Agreements. "3.1.3" shall be replaced with
"3.1.5"
Schedule B-2 Work-Out Sources.
"3.1.3(a) " shall be replaced with "3.1.5(a) "
Series B Adjustments.
"3.1.1(a)(iii) " shall be replaced with "3.1.2"
True-Up Guaranty Fee Payments.
"3.1.3(a)(iii) " shall be replaced with
"3.1.5(a)(iii) "
Unaffiliated Local General Partners.
"3.1.1(a)(i)" shall be replaced with
"3.1.2(i) "
Unfunded Equity Payments.
"3.1.3(a)(ii) " shall be replaced with "3.1.5(a)(ii)
"
Unrestricted Stabilization Sources.
"3.1.3(a)(v) " shall be replaced with
"3.1.5(a)(v) "
(ii)
Section 3.2: "3.1.2" shall be replaced with "3.1.4".
(iii)
Section 5.3(e): "3.1.2(b)" shall be replaced with "3.1.4(b)".
(iv)
Section 5.3(f): "3.1.3" shall be replaced with "3.1.5".
1.3
Novation of Existing CFin Series F BTB Swap Agreement. The following
is added as Section 2.2 to the Master Agreement.
2.2.
Novation of Existing CFin Series F BTB Swap Agreement. On the
Amendment Date, the following actions will be taken in order to cause the
novation from CFin and the assumption by CFin Holdings of the obligations of
CFin under the transactions under the Existing CFin Series F BTB Swap
Agreements:
(a)
Each of Natixis, as remaining party, CFin as transferor, and CFin Holdings,
as transferee, shall enter into a novation agreement in the form attached hereto
as Exhibit 1.1(a) (the "Series F Novation Agreement") pursuant to which the
"Transactions" under (and as defined in) the Existing CFin Series F BTB Swap
Agreements will be novated to CFin Holdings in place of CFin (the "Novated
Series F BTB Transactions") and will constitute "Transactions" under (and as
defined in) the CFin Holdings BTB Swap Agreement entered into on the Closing
Date.
(b)
CFin will, by the effectiveness of the Series F Novation Agreement, be
released and discharged from its obligations under the Existing CFin Series F
BTB Swap Agreements.
1.4
Stabilization of the Bonds; Debt Service Shortfall Payments and B
Certificate Write-Downs.
Article III of the Master Agreement is hereby amended
and restated as follows:
3.1
Work-Out Agreements.
The parties hereto agree to take the actions
set forth in this Section 3.1 in order to cause Stabilization to occur with
respect to the Schedule B-1 Bonds and to provide support to the Schedule B-2
Bonds (collectively, the "Stabilization Work-Out Bonds")