Document:

exhibit10_125.htm

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    AMENDMENT
      NO.3

    TO
      RECEIVABLES PURCHASE
      AGREEMENT

     

    THIS
      AMENDMENT NO. 3
(this "Amendment"),
dated
      as
      of August 11, 2006, is among Truck Retail Accounts Corporation, a Delaware
      corporation ("Seller"), Navistar
      Financial
      Corporation, a Delaware corporation ("Navistar"),
as
      initial Servicer (Navistar, together with Seller, the "Seller
      Parties" and
      each a "Seller
      Party"), the
      entities listed on Schedule A to the Agreement (together with any of their
      respective successors and assigns hereunder, the "Financial
Institutions"),
      Jupiter Securitization Company LLC (f/k/a Jupiter Securitization
      Corporation) ("Conduit")
and
      JPMorgan Chase Bank, N.A., successor by merger to Bank One, NA, as agent for
      the
      Purchasers (together with its successors and assigns, the "Agent"),
and
      pertains
      to that certain Receivables Purchase Agreement dated as of April 8, 2004 by
      and
      among the parties hereto, as heretofore amended (the "Agreement").
Unless
      defined elsewhere herein, capitalized terms used in this, Amendment shall have
      the meanings assigned to such terms in the
      Agreement.

     

     

    PRELIMINARY
      STATEMENTS

     

    The
      Seller Parties have requested that the Agent and the Purchasers agree to amend
      certain provisions of the Agreement; and

     

    The
      Agent
      and the Purchasers are willing to agree to the requested amendments on the
      terms
      hereinafter set forth.

     

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

     

    Section
      1.                      Amendments.

     

    (a)  All
      references in the Agreement to "Jupiter Securitization Corporation" are hereby
      replaced with "Jupiter Securitization Company LLC".

     

    (b)  Each
      of
      the following definitions set forth in Exhibit I to the Agreement is hereby
      amended and restated in its entirety to read, respectively, as
      follows:

     

    "Concentration
      Limit"
means, at any time, for any Obligor, 33.33% of the Loss Reserve,
      or such other amount (a "Special
      Concentration Limit")
for such Obligor designated by the Agent; provided, that in the
      case of an Obligor and any Affiliate of such Obligor, the Concentration Limit
      shall be calculated as if such Obligor and such Affiliate are one Obligor;
      and
      provided, further, that Conduit or the Required Financial Institutions may,
      upon
      notice to Seller, cancel any Special Concentration Limit; provided,
      however,
that such Special Concentration Limit shall remain in place until
      the first Weekly Settlement Date following the fifteenth (15th)
      Business Day
      following the delivery of such notice. As of

    
      
        
        

      

      
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    the
      date
      hereto, until notice from the Agent to the contrary in accordance with the
      proceeding sentence, the following Special Concentration Limits, as amended
      with
      the Agent's consent in the Weekly Report, shall be in effect: (i) Walmart
      Leasing, and Affiliates 90.0%; (ii) Anheuser Bush, Inc., and Affiliates 90.0%;
      (iii) Safeway Stores, 50.0%; (iv) Sara Lee, and Affiliates 50.0%; (v) PHH/Ameri
      Gas and Affiliates, 50.0%; (vi) [Intentionally deleted], (vii) Ryder Truck
      Rental and Affiliates, 50.0%, and (viii) Laidlaw, Inc. and Affiliates,
      25.0%.

     

    "Credit
      Enhancement Trigger"
means (a) a downgrade of the Parent below (i) Ba3 by Moody's
      Investors Service, Inc. ("Moody's") and BB- by Standard & Poor's Ratings
      Service ("Standard & Poor's") or (ii) B1 by Moody's or (iii) B+ by Standard
& Poor's, or (b) a withdrawal of ratings by both Moody's and Standard &
Poor's.

     

    "Liquidity
      Termination Date"
means August 10, 2007.

     

    "Transferor
      Credit Agreement"
means that certain Amended and Restated Credit Agreement, dated
      as
      of July 1, 2005 among Navistar, Arrendadora Financiera Navistar, S.A. de C.V.,
      Organization Auxiliar del Credito, Servicios Finacieros Navistar, S.A. de C.V.,
      Sociedad Financiera de Objeto Limitado and Navistar Comercial, S.A. de C.V.,
      as
      borrowers, various lenders from time to time party thereto, JPMorgan Chase
      Bank,
      N.A., as Administrative Agent, Banc of America, N.A., as Syndication Agent,
      and
      The Bank of Nova Scotia, as Documentation Agent, and J.P. Morgan Securities
      Inc.
      and Banc of America Securities LLC, as Joint Book Managers and Joint Lead
      Arrangers, as the same may be amended, restated or otherwise modified from
      time
      to time.

     

    Section
      2.                         Representations
      and
      Warranties. In order to induce the parties to enter into this Amendment,
      each of the Seller Parties hereby represents and warrants to the Agent and
      the
      Purchasers that (a) after giving affect to this Amendment, each of such Seller
      Party's representations and warranties contained in Article V of the Agreement
      is true and correct as of the date hereof, (b) the execution and delivery by
      such Seller Party of this Amendment, and the performance of its obligations
      hereunder, are within its corporate or limited partnership, as applicable,
      powers and authority and have been duly authorized by all necessary corporate
      or
      limited partnership, as applicable, action on its part, and (c) this Amendment
      has been duly executed and delivered by such Seller Party and constitutes the
      legal, valid and binding obligation of such Seller Party enforceable against
      such Seller Party in accordance with its terms, except as such enforcement
      may
      be limited by applicable bankruptcy, insolvency, reorganization or other similar
      laws relating to or limiting creditors' rights generally and by general
      principles of equity (regardless of whether enforcement is sought in a
      proceeding in equity or at law).

    
      
        
        

      

      
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              Sction
      3                       Condition Precedent.
      This Amendment shall become effective as of the date first above written upon
      receipt by the Agent of counterparts hereof duly executed by each of the parties
      hereto.

     

    Section
      4.                      Miscellaneous.

     

    (a)
      THIS
      AMENDMENT SHALL BE GOVERNED AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS
      (AND NOT THE LAW OF CONFLICTS) OF THE STATE OF ILLINOIS.

     

    (c)            Except
      as expressly modified hereby, the Agreement remains unaltered and in full force
      and effect and is hereby ratified and confirmed. This Amendment shall be binding
      upon and inure to the benefit of the parties hereto and their respective
      successors and permitted assigns (including any trustee in
      bankruptcy).

     

    (c)            This
      Amendment may be executed in any number of counterparts and by different parties
      hereto in separate counterparts, each of which when so executed shall be deemed
      to be an original and all of which when taken together shall constitute one
      and
      the same agreement.

     

    [signature
      pages follow]

    

      
        
          
          

        

        
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    IN
      WITNESS WHEREOF, the parties
hereto have caused this Amendment to be executed and delivered by their
      duly authorized officers as of the date hereof.

     

    

    
      	
              TRUCK
                RETAIL ACCOUNTS
                CORPORATION

               

              By:  /s/
                JOHN V. MULVANEY,
                SR.

              Name:  John
                V. Mulvaney, Sr.

              Title:    V.P.,Controller

               

              NAVISTR
                FINANCIAL
                CORPORATION

               

              By:  /s/
                JOHN V. MULVANEY,
                SR.

              Name:  John
                V. Mulvaney, Sr.

              Title:    V.P.,Controller

               

               

            

    

     

    
      
        
        

      

      
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              JUPITER
                SECURIZATION COMPANY
                LLC

              By:  JPMorgan
                Chaase bank, N.A., ITS Attorney-in-Fact

               

              By:  
                /s/ JOHN K.
                SVOLOS

              Name:  
                 John K. Svolos

              Title:  
                  Vice President

               

               

              JPMORGAN
                CHASE BANK,
                N.A, individually as a Financial Institution and as
                Agent

               

              By:   
                /s/ JOHN K.
                SVOLOS

              Name:    
                John K. Svolos

              Title:     
                Vice President

            	 

    

    
      
        
        

      

      
        E-264exhibit10_126.htm

     

    EXECUTION
      COPY

    AMENDMENT
      NO. 1 TO POOLING AGREEMENT

     

    THIS
      AMENDMENT NO. 1 TO POOLING AGREEMENT (this "Amendment") dated as
      of January 31, 2007, is entered into among Navistar Financial Retail Receivables
      Corporation (the "Seller") and
      Navistar Financial 2006-ARC Owner Trust, as issuer (the "Issuer").

     

    RECITALS

     

    A.  Seller
      and Issuer are parties to that certain Pooling Agreement, dated as of September
      1, 2006 (as amended, supplemented or otherwise modified through the date hereof,
      the "Agreement").

     

    B.  Such
      parties desire to amend the Agreement as hereafter set forth in accordance
      with
      Section 5.01(b) of the Agreement.

     

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

     

    1.  Amendments
      to
      Agreement. By its signature hereto, each party hereto hereby agrees to
      the following amendments to the Agreement:

     

    (a)
      The
      definition of "Principal Distribution Amount" in Part I of Appendix A of the
      Agreement is amended by deleting the second proviso to such definition and
      substituting therefor the following proviso:

     

    "and
      providedfurther,
      that
      notwithstanding the foregoing, on the Final Scheduled Distribution Date for
      the
      Notes (and on any Distribution Date thereafter), on and after the date the
      Notes
      have been declared due and payable following an Event of Default until such
      acceleration has been rescinded, and on any Distribution Date on and after
      the
      occurrence of a Trigger Event (other than a Trigger Event described in clause (c) of the
      definition of Enhancement Event), until such Trigger Event has been waived
      or
      cured, the Principal Distribution Amount shall not be less than the amount
      that
      is necessary to reduce the Outstanding Amount of the Notes to
      zero."

     

    2.  Representations
      and
      Warranties. The Seller hereby represents and warrants that, after giving
      effect to this Amendment, no Event of Default has occurred and is now
      continuing.

     

    3.  Effect
      of Amendment.
      All provisions of the Agreement, as extended by this Amendment, remain in full
      force and effect. After this Amendment becomes effective, all references in
      the
      Agreement to "this Agreement", "hereof”, "herein" or words of similar effect
      referring to the Agreement in the Agreement or in any other document relating
      to
      the 

    
      
        
        

      

      
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    Seller's
      securitization program shall be deemed to be references to the Agreement as
      extended by this Amendment. This Amendment shall not be deemed to expressly
      or
      impliedly waive, amend or supplement any provision of the Agreement other than
      as set forth herein.

     

    4.  Conditions
      Precedent.
      This Amendment shall become effective on the first date written above subject
      to
      the satisfaction of the following conditions:

     

    (a)  each
      of
      the Seller, the Issuer, the Indenture Trustee, the Funding Agent, the Alternate
      Investor, each Conduit Investor, each Certificateholder and the Swap
      Counterparty shall have executed counterparts of this Amendment;

     

    (b)  each
      of
      S&P and Moody's confirms in writing to the Conduit Investors, without regard
      to the financial strength of Navistar Financial Corporation for the ratings
      of
      the transaction, that such amendment shall not result in a reduction or
      withdrawal of its rating on the Commercial Paper issued by such Conduit
      Investors;

     

    (c)  delivery
      to each Trustee of (a) an Opinion of Counsel described in Section 5.02(i) of
      the
      Agreement and (b) an opinion of counsel stating that the execution of such
      amendment is authorized or provided by the Agreement and that all conditions
      precedent to the execution and delivery of this Amendment have been satisfied;
      and

     

       
      (d) 
delivery
      to the Funding Agent by the Indenture Trustee of the substance of this Amendment
      as provided to the Indenture Trustee.

     

    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 instrument.

     

    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
      principles of conflict of laws.

     

    7.  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.

     

    8.  Limitation
      of Liability of
      the Indenture Trustee and the Owner Trustee.

     

         
      (a)       Notwithstanding anything contained
      herein to the contrary, this Amendment has been acknowledged and accepted by
      LaSalle Bank, National Association not in its individual capacity but solely
      as
      Indenture Trustee and in no event shall LaSalle Bank, National Association
      have
      any liability for the representations, warranties, covenants, agreements or
      other obligations of the Issuer hereunder or in any of the certificates, notices
      or
      agreements delivered pursuant hereto, as to all of which recourse shall be
      had
      solely to the assets of the Issuer.

    
      
        
        

      

      
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      (b)      Notwithstanding anything contained herein to
      the contrary, this Amendment has been executed by Chase Bank USA, National
      Association not in its individual capacity but solely in its capacity as Owner
      Trustee and in no event shall Chase Bank USA, National Association in its
      individual capacity or, except as expressly provided in the Trust Agreement,
      as
      Owner Trustee of the Issuer have any liability for the representations,
      warranties, covenants, agreements or other obligations of the Issuer hereunder
      or in any of the certificates, notices or agreements delivered pursuant hereto,
      as to all of which recourse shall be had solely to the assets of the Issuer.
      For
      all purposes of this Agreement, in the performance of its duties or obligations
      hereunder, or in the performance of any duties or obligations of the Issuer
      hereunder, the Owner Trustee shall be subject to, and entitled to the benefits
      of, the terms and provisions of Article VI of the Trust Agreement.

     

    [Signature
      Pages Follow]

     

     

    
      
        
        

      

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

    

    
      	 	
              NAVISTAR
                FINANCIAL 2006-ARC
                OWNER TRUST,

               

              By:  Chase
                Bank USA, National Association, not in its individual capacity, but
                solely
                as Owner Trustee on behalf of the Trust

               

              By:  /s/
                JOHN J.
                CASHIN

              Name:  Vice
                President

               

               

              NAVISTAR
                FINANCIAL RETAIL
                RECEIVABLES CORPORATION, as Seller

               

              By:  /s/
                KRISTIN L
                MORAN

              Name:  Kristin
                L Moran

              Title:    V.P.,
                & General Counsel

               

            

    

    

     

    
      
        
        

      

      
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              Consent
                to, Acknowledge and Accept:

               

              LASALLE
                BANK NATIONAL ASSOCIATION, not in its individual capacity but solely
                as
                indenture Trustee

               

              By:   /s/
                TIMOTHY E.
                CUTSINGER

              Title:     Assistant
                Vice President

               

               

              ABN
                AMRO BANK, N.V., as Funding Agent and Alternate Investor

               

              By:   /s/
                DAVID J.
                DONOFRIO

              Title:     Director

               

              By:   /s/
                BRANDY
                HAN

              Title:     Vice
                President

               

               

              AMSTERDAM
                FUNDING CORPORATION, as Conduit Investor

               

              By:   /s/
                BERNARD J.
                ANGELO

              Title:     Vice
                President

               

               

              NAVISTAR
                FINANCIAL RETAIL RECEIVABLES CORPORATION, as
                Certificateholder

               

              By:  /s/
                KRISTIN L
                MORAN

              Name:  Kristin
                L Moran

              Title:    V.P.,
                & General Counsel

               

               

            

    

    
      
        
        

      

      
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              LASALLE
                BANK NATIONAL ASSOCIATION, as swap Counterparty

               

              By:   /s/
                FREDRICK P.
                ENGLER

              Title:     Senior
                Vice President

               

            

    

     

     

    
      
        
        

      

      
        E-270

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