Document:

a6531008ex10-114.htm

Exhibit 10.11.4

 

 

 

CONN FUNDING II, L.P.,

 

as Issuer

 

and

 

WELLS FARGO BANK, NATIONAL ASSOCIATION,

 

as Trustee

 

————————————————

 

Asset Backed Notes

 

(Issuable in Series)

 

SIXTH SUPPLEMENTAL INDENTURE

 

————————————————

 

Dated as of November 30, 2010

 

 

  

  

  

 

SIXTH SUPPLEMENTAL INDENTURE

 

This SIXTH SUPPLEMENTAL INDENTURE is dated as of November 30, 2010 (this “Sixth Supplemental Indenture”), is between CONN FUNDING II, L.P., a special purpose limited partnership established under the laws of Texas, as issuer (the “Issuer”), and WELLS FARGO BANK, NATIONAL ASSOCIATION (successor by merger to Wells Fargo Bank Minnesota, National Association), a banking association organized and existing under the laws of the United States of America, as trustee (the “Trustee”).  Capitalized terms used herein but not otherwise defined shall have the meanings given in the Indenture (as defined below).

 

RECITALS

 

 

WHEREAS, the Issuer and the Trustee have entered into a Base Indenture dated as of September 1, 2002, between the Issuer and the Trustee (the “Base Indenture”), as supplemented by (i) the First Supplemental Indenture dated as of October 29, 2004 (the “First Supplemental Indenture”), (ii) the Second Supplemental Indenture dated as of June 1, 2006 (the “Second Supplemental Indenture”), (iii) the Third Supplemental Indenture dated as of June 28, 2007 (the “Third Supplemental Indenture”), (iv) the Fourth Supplemental Indenture dated as of August 14, 2008 (the “Fourth Supplemental Indenture”), (v) the Fifth Supplemental Indenture dated as of July 2, 2010 (the “Fifth Supplemental Indenture”), (vi) the Amended and Restated Series 2002-A Supplement dated as of September 10, 2007 (as amended, the “2002-A Supplement”), as amended by (a) Supplement No. 1 to Series 2002-A Supplement dated as of August 14, 2008 (“Supplement No. 1”), and (b) Supplement No. 2 to Series 2002-A Supplement dated as of March 16, 2010 (“Supplement No. 2”), pursuant to which the Issuer’s Series 2002-A Notes (the “Series 2002-A Notes”) were issued, and (vii) the Series 2006-A Series Supplement dated as of August 1, 2006 (the “2006-A Supplement” and, together with the Base Indenture, the First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture, the Fourth Supplemental Indenture, the Fifth Supplemental Indenture and the 2002-A Supplement, the “Indenture”), pursuant to which the Issuer’s Series 2006-A Notes were issued (the “Series 2006-A Notes”, and together with the Series 2002-A Notes, the “Notes”); and

 

WHEREAS, the Issuer and the Trustee desire to amend certain provisions of the Indenture to permit the release of the Trust Estate to the Issuer on the day that any redemption of Notes is effected pursuant to Section 14.1(b) of the Base Indenture; and

 

WHEREAS, Section 13.2 of the Base Indenture requires the consent of the Required Persons and the Holder of each outstanding Note affected by the amendments reflected herein; and

 

WHEREAS, the Notes of all Series have been redeemed by the Issuer on the date hereof and, therefore, there are no Required Person or Holders of Notes.

 

 

	
 

 

	
SIXTH SUPPLEMENTAL INDENTURE

CONN FUNDING II, L.P.

 

  

  

  

 

NOW, THEREFORE, to comply with the provisions of the Indenture and in consideration of the above premises, the Issuer and the Trustee covenant and agree as follows:

 

ARTICLE 1.

 

GENERAL

 

SECTION 1.01  This Sixth Supplemental Indenture is supplemental to the Indenture and shall be deemed to form a part of, and shall be construed in connection with and as part of, the Indenture for any and all purposes.

 

SECTION 1.02  This Sixth Supplemental Indenture shall become effective upon the later to occur of (i) the execution and delivery of this Sixth Supplemental Indenture by each of the Issuer and the Trustee and (ii) the redemption of all Series of Notes by the Issuer pursuant to Section 14.1(b) of the Base Indenture.

 

ARTICLE 2.

 

AMENDMENT TO BASE INDENTURE

 

SECTION 2.01  Amendment of Section 12.1.  Section 12.1 of the Base Indenture is hereby amended by replacing the words “on the first Business Day after the Payment Date on which the Issuer has paid, caused to be paid or irrevocably deposited or caused to be irrevocably deposited in the applicable Payment Account and any applicable Series Account” with “on the Business Day on which the Issuer has paid, caused to be paid or irrevocably deposited or caused to be irrevocably deposited in the applicable Trust Account”.

 

ARTICLE 3.

 

MISCELLANEOUS

 

SECTION 3.01  Except as specifically modified herein, the Indenture, as heretofore amended, is in all respects ratified and confirmed (mutatis mutandis) and shall remain in force and effect in accordance with their terms.

 

SECTION 3.02  Except as otherwise expressly provided herein, no duties, responsibilities or liabilities are assumed, or shall be construed to be assumed, by the Trustee by reason of this Sixth Supplemental Indenture, and this Sixth Supplemental Indenture shall not affect the rights or immunities of the Trustee under the Indenture.  This Sixth Supplemental Indenture is executed and accepted by the Trustee subject to all the terms and conditions set forth in the Indenture with the same force and effect as if those terms and conditions were repeated at length herein and made applicable to the Trustee with respect thereto.

 

SECTION 3.03  The laws of the State of New York shall govern this Sixth Supplemental Indenture without regard to the conflict of laws provisions thereof.

 

 

 

	
 

 

	
SIXTH SUPPLEMENTAL INDENTURE

CONN FUNDING II, L.P.

 

 

  

  

  

 

SECTION 3.04  This Sixth Supplemental Indenture may be executed in two or more counterparts and by different parties on separate counterparts, each of which shall be an original but all of which together shall constitute one and the same instrument.

 

SECTION 3.05  The Issuer reaffirms that (i) each of the representations and warranties made by it in the Indenture and each of the other Transaction Documents to which it is a party are true and correct in all material respects on and as of the effective date hereof (except to the extent they expressly relate to an earlier or later time and then as of such earlier or later time), (ii) no Event of Default or event which, upon notice or lapse of time or both, would result in an Event of Default with respect to the Notes has occurred, and (iii) no Servicer Default or event which, upon notice or lapse of time or both, would result in a Servicer Default has occurred.

 

 

[REMAINDER OF PAGE INTENTIONALLY BLANK; SIGNATURE PAGES FOLLOW]

 

 

 

	
 

 

	
SIXTH SUPPLEMENTAL INDENTURE

CONN FUNDING II, L.P.

 

 

  

  

  

 

IN WITNESS WHEREOF, the Issuer and the Trustee have caused this Sixth Supplemental Indenture to be duly executed by their respective officers, thereunto duly authorized, as of the day and year first written above.

 

 

	 	CONN FUNDING II, L.P., as Issuer
	 	 
	 	
By:     Conn Funding II GP, L.L.C.,

       its general partner

	  	 
	  	  
	  	
By: /s/ Michael J. Poppe                          

Name:  Michael J. Poppe

Title:  Vice President and Chief Financial Officer

	  	  
	  	
WELLS FARGO BANK,

  NATIONAL ASSOCIATION,

  not in its individual capacity,

  but solely as Trustee

	  	  
	  	  
	  	
By: /s/ Kristen L. Puttin                            

Name:  Kristen L. Puttin

Title:  Vice President

 

 

 

 

 

	
 

 

	
SIXTH SUPPLEMENTAL INDENTURE

CONN FUNDING II, L.P.a6531008ex10-135.htm

Exhibit 10.13.5

 

 

SIXTH AMENDMENT TO SERVICING AGREEMENT

 

THIS SIXTH AMENDMENT TO SERVICING AGREEMENT, made effective as of November 29, 2010 (this “Amendment”), is among:

 

(i)        CONN FUNDING II, L.P., as the Issuer (the “Issuer”);

 

(ii)       CONN APPLIANCES, INC. (successor by merger to CAI, L.P.), as the Servicer (the “Servicer”); and

 

(iii)      WELLS FARGO BANK, NATIONAL ASSOCIATION (successor by merger to Wells Fargo Bank Minnesota, National Association), as the Trustee (the “Trustee”).

 

BACKGROUND

 

	
A.

	
Reference is made to (i) the Servicing Agreement, dated as of September 1, 2002, among the Issuer, the Servicer and the Trustee (as amended, restated, supplemented or otherwise modified through the date hereof, the “Agreement”), (ii) the Base Indenture, dated as of September 1, 2002, between the Issuer and the Trustee (as amended, restated, supplemented or otherwise modified through the date hereof, the “Base Indenture”), (iii) the Series 2002-A Supplement, dated as of September 1, 2002, between the Issuer and the Trustee (as amended, restated, supplemented or otherwise modified through the date hereof, the “2002-A Supplement”) and (iv) the Series 2006-A Supplement, dated as of August 1, 2006, between the Issuer and the Trustee  (as amended, restated, supplemented or otherwise modified through the date hereof, the “2006-A Supplement” and, together with, the Base Indenture and the 2002-A Supplement, the “Indenture”).  Capitalized terms used herein but not otherwise defined herein have the meanings assigned thereto in the Agreement or the Indenture.

 

	
B.

	
The Servicer has requested that the Issuer and Trustee agree to amend certain provisions of the Agreement regarding the delivery of reports thereunder by the Servicer’s accountants.

 

	
C.

	
Pursuant to Section 7.01(b) of the Agreement, such an amendment requires the consent of the Required Persons of each outstanding Series.

 

NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

 

SECTION 1.                      Amendment to Section 2.02(e)(i) of the Agreement.  Section 2.02(e)(i) of the Agreement is hereby amended by inserting the following proviso at the end of the first sentence thereof:

 

“;provided, however, that with respect to the report due 90 days after July 31, 2010, the Servicer shall be deemed in compliance with this Section 2.02(e)(i) if such report shall be delivered in accordance with this Section 2.02(e)(i) on or prior to December 15, 2010.”

 

 

  

  

  

 

SECTION 2.    Conditions to Effectiveness.  This Amendment shall become effective upon (i) the execution and delivery to the Trustee of this Amendment by each of the parties hereto and (ii) the receipt of the consent of the Required Persons of each Series.

 

SECTION 3.     Representations and Warranties.  Each of the Issuer and Servicer represents and warrants upon and as of the effectiveness of this Amendment that:

 

(a)           no event or condition has occurred and is continuing which would constitute a Servicer Default or would constitute a Servicer Default but for the requirement that notice be given or time elapsed or both; and

 

(b)           after giving effect to this Amendment, its representations and warranties set forth in the Agreement and the other Transaction Documents to which it is a party are true and correct as of the date thereof, as though made on and as of such date (except to the extent such representations and warranties relate solely to an earlier date and then as of such earlier date), and such representations and warranties shall continue to be true and correct (to such extent) after giving effect to the transactions contemplated hereby.

 

SECTION 4.     Effect of Amendment; Ratification.  Except as specifically amended hereby, the Agreement is hereby ratified and confirmed in all respects, and all of its provisions shall remain in full force and effect.  After this Amendment becomes effective, all references in the Agreement (or in any other Transaction Document) to “the Servicing Agreement”, “this Agreement”, “hereof”, “herein”, or words of similar effect, in each case referring to the Agreement, shall be deemed to be references to the Agreement as amended hereby.  This Amendment shall not be deemed to expressly or impliedly waive, amend, or supplement any provision of the Agreement other than as specifically set forth herein.

 

SECTION 5.     Counterparts.  This Amendment may be executed in any number of counterparts and by different parties on separate counterparts, and each counterpart shall be deemed to be an original, and all such counterparts shall together constitute but one and the same agreement.

 

SECTION 6.     Governing Law.  This Amendment shall be governed by, and construed in accordance with, the internal laws of the State of New York without regard to any otherwise applicable conflict of laws principles (other than Section 5-1401 of the New York General Obligations Law).

 

SECTION 7.      Successors and Assigns.  This Amendment shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns.

 

SECTION 8.      Section Headings.  The various headings of this Amendment are inserted for convenience only and shall not affect the meaning or interpretation of this Amendment or the Agreement or any provision hereof or thereof.

 

 

  

  

  

 

IN WITNESS WHEREOF, the parties have entered into this Amendment to be effective as of the date first written above.

 

	  	
CONN FUNDING II, L.P., as Issuer

	  	  
	  	
By:    Conn Funding II GP, L.L.C., 

     its general partner

	  	  
	  	  
	  	  
	  	
By: /s/ Michael J. Poppe                                     

Name: Michael J. Poppe                                    

Title: Vice President and Chief Financial Officer

	  	  
	  	  
	 	 
	  	
CONN APPLIANCES, INC., as Servicer

	  	  
	  	  
	  	  
	  	
By: /s/ Michael J. Poppe                      

Name: Michael J. Poppe                       

Title: Chief Financial Officer                

	  	  
	  	  
	  	
WELLS FARGO BANK, NATIONAL

ASSOCIATION, not in its individual capacity, but solely as Trustee

	  	  
	 	 
	  	  
	  	
By: /s/ Kristen L. Puttin                        

Name: Kristen L. Puttin                         

Title: Vice President                              

	  	  
	  	  

 

 

 

 

Signature Page

Sixth Amendment to Servicing Agreement

  

  

  

 

The undersigned, as the sole holders of the Series 2002-A Variable Funding Asset Backed Floating Rate Notes of Conn Funding II, L.P., do hereby consent to the Sixth Amendment to Servicing Agreement made effective as of November 29, 2010, among Conn Funding II, L.P., Conn Appliances, Inc. and Wells Fargo Bank, National Association.

 

	  	
THREE PILLARS FUNDING LLC, as a Conduit Purchaser

	 	 
	 	 
	  	

By: /s/ Karla L. Boyd                                

Name: Karla L. Boyd                                 

Title: Vice President                                  

	  	  
	 	 
	 	 
	  	
JPMORGAN CHASE BANK, N.A., as Committed Purchaser

	 	 
	  	
By: /s/ Benita Volid                                   

Name: Benita Volid                                    

Title: Vice President                                  

	  	  
	 	 
	 	 
	  	  
	  	
JUPITER SECURITIZATION COMPANY LLC, 

as a Conduit Purchaser

	 	 
	  	
By:  JPMorgan Chase Bank, N.A.,

      its attorney-in-fact

	  	  
	  	
      By: /s/ Benita Volid                                   

      Name: Benita Volid                                    

      Title: Vice President                                  

 

 

 

Signature Page

Sixth Amendment to Servicing Agreement

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