Document:

EXHIBIT 10.4.2

 Exhibit 10.4.2 
 FIRST AMENDMENT TO 
 AMENDED AND RESTATED CREDIT AGREEMENT 
 THIS FIRST AMENDMENT, dated as of December 5, 2005, amends and modifies a certain Amended and Restated Credit Agreement, dated as of
November 16, 2005 (the “Credit Agreement”), between MMA MORTGAGE INVESTMENT CORPORATION (the “Borrower”) and U.S. BANK NATIONAL ASSOCIATION (the “Bank”). Terms not otherwise expressly defined herein shall have the
meanings set forth in the Credit Agreement. 
 FOR VALUE RECEIVED, the Borrower and the Bank agree that the Credit Agreement is amended as
follows. 
 ARTICLE I - AMENDMENTS TO THE CREDIT AGREEMENT 
 1.1 Commitments. The Definition of “Commitments” in Section 1.1 is amended to read as follows: 
 “‘Commitments’ means the maximum unpaid principal amount of Advances which may from time to time be outstanding as provided in Section 2.1 hereof and, as the context may require, the
agreement of the Bank to make Advances to the Borrower subject to the terms and conditions of this Agreement. The Commitment shall initially be in the following amounts, each as reduced from time to time as provided in Section 2.9(a)
hereof: 
 (a) the ‘Revolving Commitment’, in the amount of (i) $110,000,000 as of the date of this Agreement through
and including December 4, 2005, (ii) $160,000,000 from December 5, 2005 through and including December 31, 2005, and (iii) $75,000,000 from January 1, 2006, through and including the Termination Date, which Revolving
Commitments shall be further limited to the following: 
 (i) the full Revolving Commitment for Warehousing Advances; 
 (ii) the lesser of (A) (x) $55,000,000 as of the date of this Agreement through and including December 4, 2005, (y) $105,000,000 from
December 5, 2005 through and including December 31, 2005, and (z) $55,000,000 from January 1, 2006, through and including the Termination Date, or (B) the full Revolving Commitment, for Investment Advances (the
‘Investment Sublimit’); 
 (iii) the lesser of (A) $10,000,000, or (B) the full Revolving Commitment, for Bridge
Advances (the ‘Bridge Sublimit’); and 
 (b) the ‘Fannie Mae Commitment’ in the amount of the lesser of
(i) $10,000,000, or (ii) the full Revolving Commitment, for Fannie Mae Advances.” 

 1.2 Interest. Section 2.7 is amended to read as follows: 
 “2.7 Interest. Interest on Advances shall accrue at whichever of the following fluctuating rates per annum is designated by
the Borrower at the time each such Advance is made: 
 (a) For all Advances, unless Section 2.7(b) applies: 
 (i) for Balance Supported Advances the following, subject to adjustment as provided in Section 2.8: 
 (1) 0.750% for Revolving Advances that are Investment Advances; 
 (2) 1.750% for Revolving Advances that are Bridge Advances; 
 (3) 0.875% for Revolving Advances that are
Warehousing Advances; and 
 (4) 1.25% for Fannie Mae Advances. 
 The Bank shall determine, and shall notify the Borrower of the amount of the Advances deemed to be Balance Supported Advances on a monthly basis.

 (ii) for all Advances that are not Balance Supported Advances either (x) the Prime Rate per annum, or (y) the Floating LIBOR
Rate, plus (for interest determined under this subparagraph (y) only): 
 (1) 0.750% for Revolving Advances that are Investment
Advances; 
 (2) 1.750% for Revolving Advances that are Bridge Advances; and 
 (3) 0.875% for Revolving Advances that are Warehousing Advances; and 
 (4) 1.25% for Fannie Mae Advances. 
 (b) Any amount of the Advances not paid when due, whether at the date
scheduled therefor or earlier upon acceleration, shall bear interest until paid in full at a rate per annum equal to the Prime Rate plus 2.00% per annum. 
 (c) Bank’s internal records of applicable interest rates shall be determinative in the absence of manifest error. 
 (d) Interest on all Advances shall be calculated on the basis of the actual number of days elapsed in a year of 360 days.” 
 1.3 Note. A promissory note in the form provided by the Bank to the Borrower with this Amendment shall be executed and delivered by the Borrower and shall be and constitute the “Revolving Note” and
one of the “Notes” for purposes of all references thereto in the Credit Agreement. 
  

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 1.4 Construction. All references in the Credit Agreement to “this Agreement”,
“herein” and similar references shall be deemed to refer to the Credit Agreement as amended by this Amendment. 
 ARTICLE II -
REPRESENTATIONS AND WARRANTIES 
 To induce the Bank to enter into this Amendment and to make and maintain the Loans under the Credit
Agreement as amended hereby, the Borrower hereby warrants and represents to the Bank that it is duly authorized to execute and deliver this Amendment, and to perform its obligations under the Credit Agreement as amended hereby, and that this
Amendment constitutes the legal, valid and binding obligation of the Borrower, enforceable in accordance with its terms. 
 ARTICLE III -
CONDITIONS PRECEDENT 
 This Amendment shall become effective on the date first set forth above, provided, however, that the effectiveness of
this Amendment is subject to the satisfaction of each of the following conditions precedent: 
 3.1 Warranties. Before and after giving
effect to this Amendment, the representations and warranties in Article III of the Credit Agreement shall be true and correct as though made on the date hereof, except for changes that are permitted by the terms of the Credit Agreement. The
execution by the Borrower of this Amendment shall be deemed a representation that the Borrower has complied with the foregoing condition. 
 3.2 Defaults. Before and after giving effect to this Amendment, no Default and no Event of Default shall have occurred and be continuing under the Credit Agreement. The execution by the Borrower of this Amendment shall be deemed a
representation that the Borrower has complied with the foregoing condition. 
 3.3 Documents. The Borrower shall have executed and
delivered this Amendment and the Revolving Note. 
 ARTICLE IV - GENERAL 
 4.1 Expenses. The Borrower agrees to reimburse the Bank upon demand for all reasonable expenses (including reasonable attorneys’ fees and
legal expenses) incurred by this Bank in the preparation, negotiation and execution of this Amendment and any other document required to be furnished herewith, and in enforcing the obligations of the Borrower hereunder, and to pay and save the Bank
harmless from all liability for, any stamp or other taxes which may be payable with respect to the execution or delivery of this Amendment or the issuance of the Note hereunder, which obligations of the Borrower shall survive any termination of the
Credit Agreement. 
 4.2 Counterparts. This Amendment may be executed in as many counterparts as may be deemed necessary or
convenient, and by the different parties hereto on separate counterparts, each of which, when so executed, shall be deemed an original but all such counterparts shall constitute but one and the same instrument. 
  

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 4.3 Severability. Any provision of this Amendment which is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining portions hereof or affecting the validity or enforceability of such provisions in any other
jurisdiction. 
 4.4 Law; Consent to Jurisdiction; Waiver of Jury Trial. This Amendment shall be a contract made under the laws of the
State of Minnesota, which laws shall govern all the rights and duties hereunder. This Amendment shall be subject to the Consent to Jurisdiction and Waiver of Jury Trial provisions of the Credit Agreement. 
 4.5 Successors; Enforceability. This Amendment shall be binding upon the Borrower and the Bank and their respective successors and assigns, and
shall inure to the benefit of the Borrower and the Bank and the successors and assigns of the Bank. Except as hereby amended, the Credit Agreement shall remain in full force and effect and is hereby ratified and confirmed in all respects.

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed at Minneapolis, Minnesota by their respective officers
thereunto duly authorized as of the date first written above. 
  

			
	U.S. BANK NATIONAL ASSOCIATION
		
	By	 	 /s/ Randy S. Baker

		 	Randy S. Baker
		 	Its Vice President
	
	MMA MORTGAGE INVESTMENT CORPORATION
		
	By	 	 /s/ Gary A. Mentesana

	Name:	 	Gary A. Mentesana
	Title:	 	Executive Vice President

  

 4EXHIBIT 10.4.3

 Exhibit 10.4.3 
 SECOND AMENDMENT TO 
 AMENDED AND RESTATED CREDIT AGREEMENT 
 THIS SECOND AMENDMENT, dated as of December 14, 2005, amends and modifies a certain Amended and Restated Credit Agreement, dated as of
November 16, 2005, as amended by an Amendment dated as of December 5, 2005 (as so amended, the “Credit Agreement”), between MMA MORTGAGE INVESTMENT CORPORATION (the “Borrower”) and U.S. BANK NATIONAL ASSOCIATION (the
“Bank”). Terms not otherwise expressly defined herein shall have the meanings set forth in the Credit Agreement. 
 FOR VALUE
RECEIVED, the Borrower and the Bank agree that the Credit Agreement is amended as follows. 
 ARTICLE I - AMENDMENTS TO THE CREDIT AGREEMENT

 1.1 Commitments. The Definition of “Commitments” in Section 1.1 is amended to read as follows: 
 “‘Commitments’ means the maximum unpaid principal amount of Advances which may from time to time be outstanding as
provided in Section 2.1 hereof and, as the context may require, the agreement of the Bank to make Advances to the Borrower subject to the terms and conditions of this Agreement. The Commitment shall initially be in the following amounts,
each as reduced from time to time as provided in Section 2.9(a) hereof: 
 (a) the ‘Revolving Commitment’, in the
amount of (i) $110,000,000 as of the date of this Agreement through and including December 4, 2005, (ii) $160,000,000 from December 5, 2005 through and including March 15, 2006, and (iii) $75,000,000 from March 16,
2006, through and including the Termination Date, which Revolving Commitments shall be further limited to the following: 
 (i) the full
Revolving Commitment for Warehousing Advances; 
 (ii) the lesser of (A) (x) $55,000,000 as of the date of this Agreement through
and including December 1, 2005, (y) $105,000,000 from December 2, 2005 through and including December 31, 2005, and (z) $55,000,000 from January 1, 2006, through and including the Termination Date, or (B) the full
Revolving Commitment, for Investment Advances (the ‘Investment Sublimit’); 
 (iii) the lesser of
(A) (x) $10,000,000 as of the date of this Agreement through and including December 13, 2005, (y) $62,000,000 from December 14, 2005 through and including March 15, 2006, and (z)

 $10,000,000 from March 16, 2006, through and including the Termination Date, or (B) the full
Revolving Commitment, for Bridge Advances (the ‘Bridge Sublimit’); and 
 (b) the ‘Fannie Mae Commitment’ in
the amount of the lesser of (i) $10,000,000, or (ii) the full Revolving Commitment, for Fannie Mae Advances.” 
 1.2
Maturity of Certain Bridge Advances. Section 2.5(ii) is amended by adding the following sentence at the end of such Section: 
 “Notwithstanding the foregoing repayment requirements, the Bridge Advances that cause the aggregate amounts of the Bridge Advances to exceed $10,000,000 shall be paid upon reduction of the Bridge Sublimit to $10,000,000, as provided in
the definition thereof.” 
 1.3 Construction. All references in the Credit Agreement to “this Agreement”,
“herein” and similar references shall be deemed to refer to the Credit Agreement as amended by this Amendment. 
 ARTICLE II -
REPRESENTATIONS AND WARRANTIES 
 To induce the Bank to enter into this Amendment and to make and maintain the Loans under the Credit
Agreement as amended hereby, the Borrower hereby warrants and represents to the Bank that it is duly authorized to execute and deliver this Amendment, and to perform its obligations under the Credit Agreement as amended hereby, and that this
Amendment constitutes the legal, valid and binding obligation of the Borrower, enforceable in accordance with its terms. 
 ARTICLE III -
CONDITIONS PRECEDENT 
 This Amendment shall become effective on the date first set forth above, provided, however, that the effectiveness of
this Amendment is subject to the satisfaction of each of the following conditions precedent: 
 3.1 Warranties. Before and after giving
effect to this Amendment, the representations and warranties in Article III of the Credit Agreement shall be true and correct as though made on the date hereof, except for changes that are permitted by the terms of the Credit Agreement. The
execution by the Borrower of this Amendment shall be deemed a representation that the Borrower has complied with the foregoing condition. 
 3.2 Defaults. Before and after giving effect to this Amendment, no Default and no Event of Default shall have occurred and be continuing under the Credit Agreement. The execution by the Borrower of this Amendment shall be deemed a
representation that the Borrower has complied with the foregoing condition. 
 3.3 Documents. The Borrower shall have executed and
delivered this Amendment. 
  

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 ARTICLE IV - GENERAL 
 4.1 Expenses. The Borrower agrees to reimburse the Bank upon demand for all reasonable expenses (including reasonable attorneys’ fees and legal expenses) incurred by this Bank in the preparation,
negotiation and execution of this Amendment and any other document required to be furnished herewith, and in enforcing the obligations of the Borrower hereunder, and to pay and save the Bank harmless from all liability for, any stamp or other taxes
which may be payable with respect to the execution or delivery of this Amendment, which obligations of the Borrower shall survive any termination of the Credit Agreement. 
 4.2 Counterparts. This Amendment may be executed in as many counterparts as may be deemed necessary or convenient, and by the different parties hereto on separate counterparts, each of which, when so executed,
shall be deemed an original but all such counterparts shall constitute but one and the same instrument. 
 4.3 Severability. Any
provision of this Amendment which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining portions hereof or affecting
the validity or enforceability of such provisions in any other jurisdiction. 
 4.4 Law; Consent to Jurisdiction; Waiver of Jury
Trial. This Amendment shall be a contract made under the laws of the State of Minnesota, which laws shall govern all the rights and duties hereunder. This Amendment shall be subject to the Consent to Jurisdiction and Waiver of Jury Trial
provisions of the Credit Agreement. 
 4.5 Successors; Enforceability. This Amendment shall be binding upon the Borrower and the Bank
and their respective successors and assigns, and shall inure to the benefit of the Borrower and the Bank and the successors and assigns of the Bank. Except as hereby amended, the Credit Agreement shall remain in full force and effect and is hereby
ratified and confirmed in all respects. 
 (signature page follows) 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed at Minneapolis,
Minnesota by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	U.S. BANK NATIONAL ASSOCIATION
		
	By	 	 /s/ Randy S. Baker

	Title:	 	Vice President
	
	MMA MORTGAGE INVESTMENT CORPORATION
		
	By:	 	 /s/ Anthony Mifsud

	Title:	 	Senior Vice President and Treasurer

  

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