Document:

Joinder and Assumption Agreement

 Exhibit 10.1 
  
 JOINDER AND ASSUMPTION AGREEMENT 
 for 
 HOMEBANC CORP. and 
 HOMEBANC MORTGAGE CORPORATION 
 6/04 AMENDED AND RESTATED 
 SENIOR SECURED CREDIT AGREEMENT 
  
 Reference is made to the 6/04 Senior Secured Credit Agreement dated as of June 7, 2004 (as it may be supplemented, amended or restated from time to time,
the “Current Credit Agreement”), among HOMEBANC CORP. (“HC”), HOMEBANC MORTGAGE CORPORATION (“HMC” and together with HC, the “Companies”), JPMORGAN CHASE
BANK and the other lenders party thereto (the “Lenders”) and JPMORGAN CHASE BANK, as agent and representative of the Lenders (the “Agent”). Terms defined in the Current Credit Agreement and used but
not defined differently herein have the same meanings here as there. 
  
 Effective as of the Joinder Date, as defined below, FIRST COMMERCIAL BANK, NEW YORK AGENCY (“Assumptor”), the New York licensed agency of a Republic of China banking corporation having an office at 750 Third Avenue,
34th Floor, New York, New York 10017, hereby joins in the Current Credit Agreement as a Lender. Assumptor hereby adopts and ratifies the Current Credit Agreement. Assumptor hereby accepts and assumes, to the extent of its Commitment and Advances,
the rights and obligations of a Lender under the Current Credit Agreement arising on or after the Joinder Date. The Agent has furnished the Assumptor, and the Assumptor hereby acknowledges receipt of, true and complete copies of the Current Credit
Agreement, the Custody Agreement and such other Facilities Papers as the Assumptor has requested. 
  
 From and after the Joinder Date the Assumptor shall be a party to and be bound by the provisions of the Current Credit Agreement and, to the extent of its
Commitment and Advances, shall have the rights and obligations of a Lender thereunder to the extent arising on or after the Joinder Date. 
  
 Assumptor hereby confirms to and agrees with the other parties to the Current Credit Agreement as follows: (i) neither the Agent nor any other Lender has
made or is making any representation or warranty or has assumed or is assuming any responsibility with respect to any statements, warranties or representations made in or in connection with the Current Credit Agreement or any other Facilities Papers
or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Current Credit Agreement or any other Facilities Paper; (ii) neither the Agent nor any other Lender has made or is making any representation or warranty
or has assumed or is assuming any responsibility with respect to the financial condition of the Company or any of its Affiliates or the performance or observance by the Company of any of its obligations under the Current Credit Agreement or any
other Facilities Paper; (iii) Assumptor confirms that it has received a copy of the Current Credit Agreement and the 6/23/04 Amendment to Credit Agreement and a copy of the 6/04 Custody Agreement, together with copies of the financial statements of
HMC dated December 31, 2003, pro forma post-IPO financial projections of HC, and such other documents and information as Assumptor has deemed appropriate to make its own credit analysis and decision to enter into this Joinder and 

 

 Assumption Agreement; (iv) independently and without reliance upon the Agent or any other Lender and based on such
documents and information as Assumptor shall deem appropriate at the time, Assumptor will continue to make its own decisions in taking or not taking action under the Current Credit Agreement and the other Facilities Papers; (v) Assumptor appoints
and authorizes the Agent to take such action as agent on its behalf and as its representative and to exercise such powers under the Current Credit Agreement and all related documents as are reserved or delegated to the Agent by the terms thereof,
together with all such powers as are reasonably incidental thereto and (vi) Assumptor agrees that it will perform in accordance with their terms all obligations that by the terms of the Current Credit Agreement or any other Facilities Paper are
required to be performed by it as a Lender. 
  
 This Joinder and
Assumption Agreement shall be governed by and construed in accordance with the laws of the State of Texas without giving effect to any conflicts of laws principles that would require the application of the laws of another jurisdiction. 

 
 “Joinder Date”: September 10, 2004 
  
 Legal Name of Assumptor: FIRST COMMERCIAL BANK, NEW YORK AGENCY 
  
 Assumptor’s Address for Notices: 
  
 First Commercial Bank, New York Agency 
 750 Third Avenue, 34th Floor

 New York, NY 10017 
 Attention: Yvonne Lin 
 Phone: (212) 599-6868 ext 216 
 Fax: (212) 599-6133 
 email: yvonnelin@firstbankny.com 
  
 Commitment assumed: Twenty Million Dollars ($20,000,000) 
  

			
	 FIRST COMMERCIAL BANK, NEW YORK AGENCY,
as Assumptor

		
	 By:
	 	 /s/ Bruce M. J. Ju

	 Name:
	 	 Bruce M. J. Ju

	 Title:
	 	 VP & GM

 

 CONSENT AND RATIFICATION BY THE COMPANY, THE EXISTING LENDERS 
 AND THE AGENT 
  
 The undersigned hereby consent to the foregoing joinder and assumption and ratify the Current Credit Agreement. The Company agrees to execute and deliver
to Assumptor a Senior Credit Note substantially in the form of Exhibit A-1 to the Current Credit Agreement in the face principal amount of Twenty Million Dollars ($20,000,000). Attached hereto are updates of Schedules LC
and MAC to the Current Credit Agreement reflecting the Lenders’ (including the Assumptor’s) Committed Sums and the Aggregate Committed Sum on specified dates. To the current actual knowledge of each of the Company and the
Agent, without special investigation, no Event of Default has occurred under the Current Credit Agreement that has not been declared in writing by the Agent to have been cured by the Company or waived by the Lenders. 
  

							
		
	 HOMEBANC MORTGAGE CORPORATION
	 	 HOMEBANC CORP.

				
	 By:
	 	 /s/ Debra F. Watkins

	 	 By:
	 	 /s/ Debra F. Watkins

	 Name:
	 	 Debra F. Watkins
	 	 Name:
	 	 Debra F. Watkins

	 Title:
	 	 Executive Vice President
	 	 Title:
	 	 Executive Vice President

		
	 JPMORGAN CHASE BANK
	 	 U.S. BANK NATIONAL ASSOCIATION

				
	 By:
	 	 /s/ Michael W. Nicholson

	 	 By:
	 	 /s/ William J. Umscheid

	 Name:
	 	 Michael W. Nicholson
	 	 Name:
	 	 William J. Umscheid

	 Title:
	 	 Senior Vice President
	 	 Title:
	 	 Vice President

		
	 KEY BANK NATIONAL ASSOCIATION
	 	 COMMERZBANK AKTIENGESELLSCHAFT NEW YORK BRANCH AND GRAND CAYMAN BRANCH

				
	 By:
	 	 /s/ Paul E. Henson

	 	 By:
	 	 /s/ A. E. Bruns, /s/ Joseph J. Hayes

	 Name:
	 	 Paul E. Henson
	 	 Name:
	 	 A. E. Bruns, Joseph J. Hayes

	 Title:
	 	 Executive Vice President
	 	 Title:
	 	 Vice President, Vice President

 

							
	 CALYON NEW YORK BRANCH
	 	 BNP PARIBAS NEW YORK BRANCH

				
	 By:
	 	 /s/ Sebastian Rocco, /s/ W. Jay Buckley

	 	 By:
	 	 /s/ B. Feigenbaum, /s/ L. Vanderzyppe

	 Name:
	 	 Sebastian Rocco, W. Jay Buckley
	 	 Name:
	 	 B. Feigenbaum, L. Vanderzyppe

	 Title:
	 	 Managing Director, Managing Director
	 	 Title:
	 	 Managing Director, Director

		
	 UNITED OVERSEAS BANK LIMITED,
NEW YORK AGENCY
	 	 SOVEREIGN BANK

				
	 By:
	 	 /s/ Kwong Yew Wong, /s/ Philip Cheong

	 	 By:
	 	 /s/ Charles Clark

	 Name:
	 	 Kwong Yew Wong, Philip Cheong
	 	 Name:
	 	 Charles Clark

	 Title:
	 	 Agent & GM, VP & Deputy GM
	 	 Title:
	 	 Senior Vice President

		
	 COLONIAL BANK, N.A.
	 	 BANK HAPOALIM

				
	 By:
	 	 /s/ Jennifer M. Branker

	 	 By:
	 	 /s/ J. Surless, /s/ L. Raffa

	 Name:
	 	 Jennifer M. Branker
	 	 Name:
	 	 J. Surless, L. Raffa

	 Title:
	 	 Vice President
	 	 Title:
	 	 VP, EVP & Corporate Manager

  

 

 SCHEDULE LC 
 TO 6/04 CREDIT AGREEMENT 
 (September 10, 2004 Update) 
  
 The Lenders’ Committed Sums 
  

										
	 Lender

	  	Committed Sum
from 6/7/04*
through 8/3/04

	  	Committed Sum
from 8/4/04 through
9/9/04

	  	Committed Sum
from 9/10/04 through
the Termination Date

	 JPMorgan
	  	$	0	  	$	200,000,000	  	$	200,000,000
	 Key Bank National Association
	  	 	150,000,000	  	 	150,000,000	  	 	150,000,000
	 Commerzbank Aktiengesellschaft New York Branch and Grand Cayman Branch
	  	 	0	  	 	0	  	 	0
	 U.S. Bank National Association
	  	 	75,000,000	  	 	75,000,000	  	 	150,000,000
	 Calyon New York Branch
	  	 	0	  	 	50,000,000	  	 	50,000,000
	 BNP Paribas
	  	 	0	  	 	50,000,000	  	 	50,000,000
	 United Overseas Bank Ltd., New York Agency
	  	 	0	  	 	50,000,000	  	 	50,000,000
	 Colonial Bank, N.A.
	  	 	0	  	 	25,000,000	  	 	25,000,000
	 Bank Hapoalim
	  	 	0	  	 	20,000,000	  	 	20,000,000
	 Sovereign Bank
	  	 	0	  	 	20,000,000	  	 	20,000,000
	 First Commercial Bank, New York Agency
	  	 	0	  	 	0	  	 	20,000,000
	 Aggregate Committed Sum
	  	$	225,000,000	  	$	640,000,000	  	$	735,000,000

	*	Commitments actually became effective on the “Effective Date”, July 19, 2004. 

 

 SCHEDULE MAC 
 TO 6/04 CREDIT AGREEMENT 
 (September 10, 2004 Update) 
 (Updates of this Schedule are effective only if signed by a Vice President 
 or more senior officer of JPMorgan Chase Bank, Agent) 
  
 The Maximum Aggregate Commitment from and after the following dates is as follows: 
  

							
	 Maximum
 Aggregate
 Commitment

	 	 From and after

	 	 Update certified effective by the
 undersigned officer of JPMorgan Chase
 Bank,
Agent

	$525,000,000	 	 June 7, 2004 through
 August 3, 2004
	 	 	 	 
				
	$755,000,000	 	 August 4, 2004 through
 September 9, 2004
	 	 By:
	 	 /s/ Michael W. Nicholson

	 	 	 
	 	 	 Name:
	 	 Michael W. Nicholson

	$775,000,000	 	 September 10, 2004
 through the Termination
 Date
	 	 Title:
	 	 Senior Vice PresidentFirst Commercial Bank Senior Credit Note

 Exhibit 10.2 
  
 (The “9/04 First Commercial Bank Senior Credit Note”) 
  

					
	 $20,000,000
	 	Houston, Texas	 	September 10, 2004

  
 FOR VALUE RECEIVED, HOMEBANC CORP., a
Georgia corporation, and its wholly-owned subsidiary, HOMEBANC MORTGAGE CORPORATION, a Delaware corporation (“Makers” or the “Companies”) jointly and severally to pay to the order of FIRST COMMERCIAL BANK, NEW YORK AGENCY
(“Payee”), the New York licensed agency of a Republic of China banking corporation (having an office at 750 Third Avenue, 34th Floor, New York, New York 10017), at the main Houston branch of JPMorgan Chase Bank, 712 Main
Street, Houston, Harris County, Texas 77002, or at such other place as the Agent may hereafter designate in writing, in immediately available funds and in lawful money of the United States of America, the principal sum of Twenty Million Dollars
($20,000,000) (or the unpaid balance of all principal advanced against this note, if that amount is less), together with interest on the unpaid principal balance of this note from time to time outstanding until maturity at the applicable rate(s)
provided for in the Credit Agreement (or at such lesser rate, if any, as the holder of this note — the “Holder”, whether or not Payee is such holder — may in its sole discretion from time to time elect to be
applicable for any day or days), and interest on all past due amounts, both principal and accrued interest, at the Past Due Rate; provided that for the full term of this note the interest rate produced by the aggregate of all sums paid or
agreed to be paid to Holder for the use, forbearance or detention of the debt evidenced hereby shall not exceed the Ceiling Rate. 
  
 1. Definitions. In addition to the definitions given above, the definitions given in the 6/04 Amended and Restated Senior Secured Credit Agreement
dated June 7, 2004, as it may be supplemented, amended or restated from time to time (the “Credit Agreement”) among (a) Maker, (b) JPMorgan Chase Bank (for itself as a Lender and as Agent for the other Lenders) and (c) the
other Lender(s) party thereto, for capitalized terms that are used in this note shall apply here as well as there. 
  
 2. Rates Change Automatically and Without Notice. Without notice to Maker or any other Person and to the full extent allowed by applicable law from
time to time in effect, the Stated Rate, the Past Due Rate and the Ceiling Rate shall each automatically fluctuate upward and downward as and in the amount by which the interest rate applicable to this note as provided for in the Credit Agreement,
the Past Due Rate as defined in the Credit Agreement and such maximum nonusurious rate of interest permitted by applicable law, respectively, fluctuate. 
  
 3. Calculation of Interest. Interest on the amount of each advance against this note shall be computed on the amount of that advance and from the
date it is made. All interest rate determinations and calculations by the Holder, absent manifest error, shall be conclusive and binding. 
  
 4. Excess Interest Will be Refunded or Credited. If, for any reason whatever, the interest paid or received on this note during its full term
produces a rate which exceeds the Ceiling Rate, Holder shall refund to the payor or, at Holder’s option, credit against the principal of Senior Credit Note such portion of said interest as shall be necessary to cause the interest paid on this
note to produce a rate equal to the Ceiling Rate. 
  

			
	INITIALED FOR     	 	 
	IDENTIFICATION:	 	 /s/

 

 5. Interest Will be Spread. To the extent (if any) necessary to avoid violation of applicable
usury laws (or to minimize the extent of the violation if complete avoidance is impossible for any reason, it being the intent and purpose of Maker and all Holders to comply strictly with all applicable usury and other laws), all sums paid or agreed
to be paid to Holder for the use, forbearance or detention of the indebtedness evidenced hereby shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread in equal parts throughout the full term of this note, so
that the interest rate is uniform throughout the full term of this note. 
  
 6. Payment Schedule. Interest on and principal of this note shall be due and payable as provided in 6.2(c)(2) and 6.10 of the Current Credit Agreement. 
  
 7. Prepayment. Maker may prepay this note in accordance with and
subject to the provisions of Sections 6.9 and 6.2(b)(7)(ix) of the Current Credit Agreement. Prepayments shall be applied first to accrued interest, the balance to principal. 
  
 8. The 6/04 Credit Agreement, this Note and its Security. This note is
one of the Senior Credit Notes, as such term is defined in the Credit Agreement, is issued pursuant to the Credit Agreement (to which reference is made for all purposes) and may be referred to as the “9/04 First Commercial Bank Credit
Note”, and as it may hereafter be renewed, extended, rearranged, increased, decreased, modified or replaced in accordance with the Credit Agreement may be referred to as the “Current First Commercial Bank Senior Credit
Note”. Holder is entitled to the benefits of and security provided for in the Credit Agreement. Such security includes, among other security, the security interests granted by Section 7.1 of the Current Credit Agreement.

  
 9. Revolving Credit. Upon and subject to the terms and
conditions of the Credit Agreement, Maker may borrow, repay and reborrow against this note under the circumstances, in the manner and for the purposes specified in the Credit Agreement, but for no other purposes. Advances against this note by Payee
or other Holder shall be governed by the terms of the Credit Agreement. The unpaid principal balance of this note at any time shall be the total of all principal lent or advanced against this note less the sum of all principal payments and permitted
prepayments made on this note by or for the account of Maker. Absent manifest error, Holder’s computer records shall on any day conclusively evidence the unpaid balance of this note and its advances and payments history posted up to that day.
All loans and advances and all payments and permitted prepayments made hereon may be (but are not required to be) endorsed by or on behalf of Holder on the schedule which is attached as Annex I hereto (which is hereby made a part hereof for
all purposes) or otherwise recorded in Holder’s computer or manual records; provided, that any failure to make notation of (a) any principal advance or accrual of interest shall not cancel, limit or otherwise affect Maker’s
obligations or any Holder’s rights with respect to that advance or accrual, or (b) any payment or permitted prepayment of principal or interest 
  

			
	INITIALED FOR     	 	 
	IDENTIFICATION:	 	 /s/

  

 

 shall not cancel, limit or otherwise affect Maker’s entitlement to credit for that payment as of the date of its
receipt by Holder. Maker and Payee expressly agree, pursuant to Chapter 346 (“Chapter 346”) of the Texas Finance Code, that Chapter 346 (which relates to open-end line of credit revolving loan accounts) shall not apply to
this note or to any loan evidenced by this note, and that neither this note nor any such loan shall be governed by Chapter 346 or subject to its provisions in any manner whatsoever. 
  
 10. Defaults and Remedies. Any Event of Default under the Credit Agreement or any other Facilities Papers shall
constitute an Event of Default under this note and all other Facilities Papers and shall have the consequences provided for in the Credit Agreement which may include acceleration of the indebtedness evidenced hereby. Subject to the terms of the
Credit Agreement, Holder or the Agent may waive any default without waiving any other prior or subsequent default. Holder or the Agent may remedy any default without waiving the default remedied. Holder’s or the Agent’s failure to exercise
any right, power or remedy upon any default shall not be construed as a waiver of such default or as a waiver of the right to exercise any such right, power or remedy at a later date. No single or partial exercise by Holder or the Agent of any
right, power or remedy hereunder shall exhaust it or shall preclude any other or future exercise of it, and every such right, power or remedy under this note may be exercised at any time and from time to time. No modification or waiver of any
provision of this note nor consent to any departure by Maker from its terms shall be effective unless it is in writing and signed by Holder (or, if authorized for that purpose by the Credit Agreement, the Agent), and then such waiver or consent
shall be effective only in the specific instance given, for the purposes for which given and to the extent therein specified. 
  
 11. Legal Costs. If any Holder or the Agent retains an attorney in connection with any such default or to collect, enforce or defend this note or
any papers intended to secure or guarantee it in any lawsuit or in any probate, reorganization, bankruptcy or other proceeding, or if Maker or anyone claiming by, through or under Maker sues any Holder in connection with this note or any such papers
and does not prevail, then Maker agrees to pay to each such Holder and the Agent, respectively, in addition to principal and interest, all reasonable costs and expenses incurred by such Holder or the Agent in trying to collect this note or in any
such suit or proceeding, including reasonable attorneys’ fees. 
  
 12. Waivers. Maker and any and all co-makers, endorsers (other than the Holder or the Payee), guarantors and sureties severally waive notice (including, but not limited to, notice of intent to accelerate and notice of acceleration,
notice of protest and notice of dishonor), demand, presentment for payment, protest, diligence in collecting and the filing of suit for the purpose of fixing liability and consent that the time of payment hereof may be extended and re-extended from
time to time without notice to any of them. Each such Person agrees that his, her or its liability on or with respect to this note shall not be affected by any release of or change in any guaranty or security at any time existing or by any failure
to perfect or maintain perfection of any lien against or security interest in any such security or the partial or complete unenforceability of any guaranty or other surety obligation, in each case in whole or in part, with or without notice and
before or after maturity. 
  

			
	INITIALED FOR     	 	 
	IDENTIFICATION:	 	 /s/

  

 

 13. Not Purpose Credit. None of the proceeds of this note shall ever be used, directly or
indirectly, for the purpose of purchasing or carrying any Margin Stock or for the purpose of reducing or retiring any debt which was originally incurred to purchase or carry any Margin Stock or to extend credit to others for the purpose of
purchasing or carrying any Margin Stock or which would constitute this transaction a “purpose credit” within the meaning of Regulation U, as now or hereafter in effect. 
  
 14. Governing Law, Jurisdiction and Venue. This note shall be governed by and construed in accordance with the laws
of the State of Texas and the United States of America from time to time in effect. Maker and all endorsers (other than the Holder or the Payee), guarantors and sureties each hereby irrevocably submits to the nonexclusive jurisdiction of the United
States District Court for the Southern District of Texas and the state district courts of Harris County, Texas, for purposes of all legal proceedings arising out of or relating to this note, the debt evidenced hereby or any loan agreement, security
agreement, guaranty or other papers or agreements relating to this note. To the fullest extent permitted by law, Maker and all endorsers (other than the Holder or the Payee), guarantors and sureties each irrevocably waives any objection which he,
she or it may now or hereafter have to the laying of venue for any such proceeding brought in such a court and any claim that any such proceeding brought in such a court has been brought in an inconvenient forum. Harris County, Texas shall be a
proper place of venue for suit on or in respect of this note. Nothing herein shall affect the right of Maker, the Payee or any Holder at any time to initiate any suit in the United States District Court for the Southern District of Texas, Houston
Division, or to remove any pending suit to that Court. 
  
 15.
General Purpose of Loan. Maker warrants and represents to Payee, all other Holders and the Agent that all loans evidenced by this note are and will be for business, commercial, investment or other similar purpose and not primarily for
personal, family, household or agricultural use, as such terms are used in the Texas Finance Code. 
  

			
	HOMEBANC CORP., as comaker
		
	 By:
	 	 /s/ Debra F. Watkins

	 Name:
	 	Debra F. Watkins
	 Title:
	 	Executive Vice President
	
	 HOMEBANC MORTGAGE CORPORATION, as comaker

		
	 By:
	 	 /s/ Debra F. Watkins

	 Name:
	 	Debra F. Watkins
	 Title:
	 	Executive Vice President

  

 

 ANNEX 1 
 to $20,000,000 
 HomeBanc Mortgage Corporation 
 9/04 First Commercial Bank Senior Credit Note 
  
 LOANS AND PAYMENTS OF PRINCIPAL AND INTEREST 
  

											
	 Date of
 Payment or
Advance

	  	Payment Applied on
(or advance vs.)
Principal

	  	 Payment
 Applied on
 Interest

	  	 Principal
 Balance

	  	 Interest Paid
 to

	  	Name of Person
Making Notation

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