Document:

exv10w69

 

Exhibit 10.69

AMENDMENT NUMBER EIGHT

to the

AMENDED AND RESTATED NOTE PURCHASE AGREEMENT,

dated as of November 25, 2003

among

OPTION ONE OWNER TRUST 2001-2,

OPTION ONE LOAN WAREHOUSE CORPORATION

and

BANK OF AMERICA, N.A.

     This AMENDMENT NUMBER EIGHT (this “Amendment”) is made and is effective as of this 15th
day of March, 2007 (the “Effective Date”), among Option One Owner Trust 2001-2 (the “Issuer”),
Option One Loan Warehouse Corporation (the “Depositor”) and Bank of America, N.A. (“BofA”, and
in its capacity as Purchaser, the “Purchaser”) to the Amended and Restated Note Purchase
Agreement, dated as of November 25, 2003, as amended (the “Note Purchase Agreement”), among the
Issuer, the Depositor and the Purchaser.

RECITALS

     WHEREAS, the Issuer has requested that the Purchaser agree to amend the Note Purchase
Agreement to reduce the Maximum Note Principal Balance from $4,000,000,000 to $2,002,000,000
and the Purchaser has agreed to make such amendments, subject to the terms and conditions of
this Amendment.

     NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, and the mutual covenants herein contained, the parties hereto hereby
agree as follows:

     SECTION 1. Defined Terms. Any capitalized terms used but not otherwise defined herein
shall have the respective meanings set forth in the Note Purchase Agreement.

     SECTION 2. Amendment. As of the Effective Date, the definition of “Maximum Note Principal
Balance” in Section 1.01 is hereby deleted in its entirety and replaced with the following:

     “Maximum Note Principal Balance” means, an amount equal to $2,002,000,000, less any
reductions pursuant to Section 2.06 of the Sale and Servicing Agreement.

     SECTION 3. Representations. To induce the Purchaser to execute and deliver this Amendment,
each of the Issuer and the Depositor hereby represents to the Purchaser that as of the date
hereof, after giving effect to this Amendment, (a) all of its respective representations and
warranties in the Note Purchase Agreement and the other Basic Documents are true and correct,
and (b) it is otherwise in full compliance with all of the terms and conditions of the Note
Purchase Agreement.

     SECTION 4. Fees and Expenses. The Issuer and the Depositor jointly and severally covenant
to pay as and when billed by the Purchaser all of the reasonable out-of-pocket

1

 

costs and expenses incurred in connection with the transactions contemplated hereby and in the
other Basic Documents including, without limitation, (i) all reasonable fees, disbursements and
expenses of counsel to the Purchaser, (ii) all reasonable fees and expenses of the Indenture
Trustee and Owner Trustee and their counsel and (iii) all reasonable fees and expenses of the
Custodian and its counsel.

     SECTION 5. Limited Effect. Except as expressly amended and modified by this Amendment, the
Note Purchase Agreement shall continue in full force and effect in accordance with its terms.
Reference to this Amendment need not be made in the Note Purchase Agreement or any other instrument
or document executed in connection therewith, or in any certificate, letter or communication issued
or made pursuant to, or with respect to, the Note Purchase Agreement, any reference in any of such
items to the Note Purchase Agreement being sufficient to refer to the Note Purchase Agreement as
amended hereby.

     SECTION 6. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CONFLICT OF LAWS DOCTRINE APPLIED IN
SUCH STATE.

     SECTION 7. Counterparts. This Amendment may be executed by each of the parties hereto in any
number of separate counterparts, each of which when so executed shall be an original and all of
which taken together shall constitute one and the same instrument.

     SECTION 8. Limitation on Liability. It is expressly understood and agreed by the parties
hereto that (a) this Amendment is executed and delivered by Wilmington Trust Company, not
individually or personally, but solely as Owner Trustee of Option One Owner Trust 2001-2 in the
exercise of the powers and authority conferred and vested in it, (b) each of the representations,
undertakings and agreements herein made on the part of the Issuer is made and intended not as
personal representations, undertakings and agreements by Wilmington Trust Company but is made and
intended for the purpose for binding only the Issuer, (c) nothing herein contained shall be
construed as creating any liability on Wilmington Trust Company, individually or personally, to
perform any covenant either expressed or implied contained herein, all such liability, if any,
being expressly waived by the parties hereto and by any Person claiming by, through or under the
parties hereto and (d) under no circumstances shall Wilmington Trust Company be personally liable
for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or
failure of any obligation, representation, warranty or covenant made or undertaken by the
Issuer under this Amendment or any other related document.

2

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered
by their duly authorized officers as of the day and year first above written.

	 	 	 	 	 	 	 
	 	 	OPTION ONE OWNER TRUST 2001-2	 	 
	 
	 	 	 	 	 	 
	 	 	By:      Wilmington Trust Company, not in its	 	 
	 	 	individual capacity but solely as owner trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	OPTION ONE LOAN WAREHOUSE CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 

[Signature Page to Amendment Eight to the Amended and Restated Note Purchase Agreement]exv10w72

 

Exhibit 10.72

AMENDMENT NUMBER TEN

to the

AMENDED AND RESTATED INDENTURE,

dated as of November 25, 2003,

between

OPTION ONE OWNER TRUST 2001-2

and

WELLS FARGO BANK, N.A.

     This AMENDMENT NUMBER TEN (this “Amendment”) is made and is effective as of this
15th day of March, 2007, between Option One Owner Trust 2001-2 (the “Issuer”) and Wells
Fargo Bank, N.A., as Indenture Trustee (the “Indenture Trustee”), to the Amended and Restated
Indenture, dated as of November 25, 2003 (the “Indenture”), between the Issuer and the Indenture
Trustee.

RECITALS

     WHEREAS, the parties hereto desire to amend the Indenture subject to the terms and conditions
of this Amendment.

     NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, and the mutual covenants herein contained, the parties hereto hereby agree as
follows:

     SECTION 1. Defined Terms. Any terms capitalized but not otherwise defined herein
shall have the respective meanings set forth in the Indenture.

     SECTION 2. Amendment. Effective as of March 15, 2007, Section 1.01 of the Indenture
is hereby amended by deleting in its entirety the definition of “Maturity Date” and replacing it
with the following:

     “Maturity Date” means, with respect to the Notes, March 14, 2008.

     SECTION 3. Representations. In order to induce the parties hereto to execute and
deliver this Amendment, the Issuer hereby represents to the Indenture Trustee and the Noteholders
that as of the date hereof, after giving effect to this Amendment, (a) all of its respective
representations and warranties in the Indenture and the other Basic Documents are true and
correct, and (b) it is otherwise in full compliance with all of the terms and conditions of the
Indenture and the other Basic Documents, except to the extent waived by the Amendment and Waiver,
dated as of January 24, 2007 (the “Indenture”), between the Issuer, Option One Mortgage
Corporation, Option One Loan Warehouse Corporation, Option One Mortgage Capital Corporation, the
Indenture Trustee and Bank of America as majority noteholder.

     SECTION 4. Limited Effect. Except as expressly amended and modified by this
Amendment, the Indenture shall continue in full force and effect in accordance with its terms.
Reference to this Amendment need not be made in the Indenture or any other instrument or document
executed in connection therewith or herewith, or in any certificate, letter or

 

 

communication issued or made pursuant to, or with respect to, the Indenture, any reference in any
of such items to the Indenture being sufficient to refer to the Indenture as amended hereby.

     SECTION 5. Fees and Expenses. The Issuer covenants to pay as and when billed by the
Initial Noteholder all of the reasonable out-of-pocket costs and expenses incurred in connection
with the transactions contemplated hereby and in the other Basic Documents including, without
limitation, (i) all reasonable fees, disbursements and expenses of counsel to the Initial
Noteholder and (ii) all reasonable fees and expenses of the Indenture Trustee and its counsel.

     SECTION 6. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CONFLICT OF LAWS DOCTRINE
APPLIED IN SUCH STATE.

     SECTION 7. Counterparts. This Amendment may be executed by each of the parties hereto
on any number of separate counterparts, each of which shall be an original and all of which taken
together shall constitute one and the same instrument.

     SECTION 8. Limitation on Liability. It is expressly understood and agreed by the
parties hereto that (a) this Amendment is executed and delivered by Wilmington Trust Company, not
individually or personally, but solely as Owner Trustee of Option One Owner Trust 2001-2 in the
exercise of the powers and authority conferred and vested in it, (b) each of the representations,
undertakings and agreements herein made on the part of the Issuer is made and intended not as
personal representations, undertakings and agreements by Wilmington Trust Company but is made and
intended for the purpose for binding only the Issuer, (c) nothing herein contained shall be
construed as creating any liability on Wilmington Trust Company, individually or personally, to
perform any covenant either expressed or implied contained herein, all such liability, if any,
being expressly waived by the parties hereto and by any Person claiming by, through or under the
parties hereto and (d) under no circumstances shall Wilmington Trust Company be personally liable
for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or
failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer
under this Amendment or any other related documents.

[signature page follows]

2

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered
by their duly authorized officers as of the day and year first above written.

	 	 	 	 	 	 	 
	 	 	OPTION ONE OWNER TRUST 2001-2	 	 
	 
	 	 	 	 	 	 
	 	 	By:      Wilmington Trust Company, not in its	 	 
	 	 	individual capacity but solely as owner trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	WELLS FARGO BANK, N.A., as Indenture Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 

[Signature Page to Amendment Ten to Amended and Restated Indenture]

3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}]]