Document:

EX-10.1

 Exhibit 10.1 

Execution Version 
 FIFTH AMENDED AND RESTATED
CONSENT AGREEMENT 
 This Fifth Amended and Restated Consent Agreement (this “Agreement”), made this 30th day of September, 2016 (the “Execution Date”), but dated effective as of January 17, 2014 (the “Effective Date”), is by and among the Federal Home Loan
Mortgage Corporation a corporate instrumentality of the United States (“Freddie Mac”), Ditech Financial LLC, a limited liability company, formed and existing under the laws of the State of Delaware, whose chief executive office is
located at 3000 Bayport Drive, Suite 880, Tampa, Florida 33607 (“Servicer”), Green Tree Advance Receivables III LLC, a special purpose entity formed as a Delaware limited liability company wholly owned by Servicer
(“Depositor”), Green Tree Agency Advance Funding Trust I, a Delaware statutory trust with Depositor as its sole owner (“Assignee”), Wells Fargo Bank, N.A., not in its individual capacity but solely as indenture
trustee (“Indenture Trustee”) for the Secured Parties (defined below), and Barclays Bank PLC, not in its individual capacity but solely as administrative agent (“Administrative Agent”) pursuant to the Indenture
(defined below); the foregoing entities are hereinafter referred to individually as a “Party” and collectively as the “Parties”. 

W I T N E S S E T H 

WHEREAS, on the Effective Date, Green Tree Servicing LLC (“Green Tree”), in order to obtain funding for advances subject to
reimbursement from Freddie Mac (the “Financing”), assigned to Depositor (and as of the Execution Date, Servicer, desires to continue to assign to Depositor), which in turn assigned to Assignee and will continue to assign to Assignee
(such assignments, together, being herein called the “Reimbursement Assignments”), all of Servicer’s present and future rights, as expressly set forth in, and subject to the limitations of, the Guide (defined below) and/or the
Purchase Documents (as defined in the Guide) to reimbursement for advances of delinquent principal and interest (subject to the provisions of Section 3 of this Agreement), advances of taxes and insurance, and all other advances including
foreclosure and liquidation and related expenses (collectively, the “Reimbursement Amounts”), required to be made by Servicer under the Guide and/or the Purchase Documents, including, but not limited to, the requirements of Guide
Chapter 9701, and Guide Sections 8301.19 and 7101.10, or other replacement Sections or Chapters, if any (including, without limitation, the requirements of other Guide Chapters or Sections governing reimbursement of advances), with respect to
Mortgages serviced for Freddie Mac under Seller/Servicer Numbers 158586, 172485, and 178631 related to the Mortgage loans specifically identified in Schedule A hereto, as such Schedule may be amended from time to time (such rights and
Reimbursement Amounts are herein collectively called the “Reimbursement Rights”), which Schedule A is in the form of a print-out of an exchange of e-mails between Servicer and Freddie Mac (the “E-Mail
Exchange”), with an attached spread sheet identifying, by Freddie Mac loan number, the applicable Mortgage loans subject to this Agreement, as such spread sheet may be amended by mutual agreement signed by all Parties hereto; 

WHEREAS, Green Tree, Assignee, Indenture Trustee and Administrative Agent entered into an Indenture dated as of January 16, 2014 (the
“Initial Indenture”) pursuant to which, among other things, Assignee granted to Indenture Trustee, on behalf of the Secured Parties (as defined in the Indenture), a security interest in, among other things, the Reimbursement Rights
(such pledge of the Reimbursement Rights under the Initial Indenture, together with the Reimbursement Assignments, the “Reimbursement Assignments and Pledge”); 

 WHEREAS, Assignee, Depositor, Green Tree, Indenture Trustee, Administrative Agent and Freddie Mac
entered into a Consent Agreement dated January 17, 2014 (the “Initial Consent Agreement”) for the purposes provided in such agreement, with respect to the Initial Indenture; 

WHEREAS, Assignee, Green Tree, Indenture Trustee, and Administrative Agent, entered into (a) an Amended and Restated Indenture, dated as
of December 19, 2014, which amended and restated the Initial Indenture, and (b) a Series 2014-VF2 Indenture Supplement, dated as of December 19, 2014 (collectively, the “Amended and Restated Indenture”); 

WHEREAS, Assignee, Depositor, Green Tree, Indenture Trustee, Administrative Agent and Freddie Mac entered into an Amended and Restated Consent
Agreement, dated March 6, 2015 (the “Amended and Restated Consent Agreement”) for the purposes provided in such agreement, with respect to the Amended and Restated Indenture; 

WHEREAS, Green Tree executed and delivered that certain Designation Letter (the “July 2015 Designation
Letter”), dated as of July 13, 2015, executed by Green Tree, and acknowledged by Administrative Agent, Depositor, and Issuer, which supplemented the Amended and Restated Consent Agreement pursuant to the terms provided in the July 2015
Designation Letter; 
 WHEREAS, Assignee, Depositor, Green Tree, Indenture Trustee, Administrative Agent and Freddie Mac entered into a
Second Amended and Restated Consent Agreement, dated July 13, 2015 (the “Second Amended and Restated Consent Agreement”) for the purposes provided in such agreement, with respect to the Amended and Restated Indenture and the July
2015 Designation Letter; 
 WHEREAS, Assignee, Depositor, Servicer, Indenture Trustee, Administrative Agent and Freddie Mac entered into a
Third Amended and Restated Consent Agreement, dated October 21, 2015 (the “Third Amended and Restated Consent Agreement”) for the purposes provided in such agreement, with respect to the Indenture (as defined below); 

WHEREAS, a certain Designation Letter (the “March 2016 Designation Letter”), dated as of March 16, 2016, was executed by
Servicer, and acknowledged by Administrative Agent, Depositor, and Issuer, which supplemented and replaced certain schedules previously attached to the Indenture. 

WHEREAS, in connection with the execution and delivery of the March 2016 Designation Letter by the parties named therein, Assignee, Depositor,
Servicer, Indenture Trustee, Administrative Agent and Freddie Mac entered into a Fourth Amended and Restated Consent Agreement, dated March 16, 2016 (the “Fourth Amended and Restated Consent Agreement”) for the purposes
provided in such agreement, and with respect to the Indenture and March 2016 Designation Letter; 

  
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Fifth Amended and Restated Consent Agreement 

 WHEREAS, Assignee, Servicer, Indenture Trustee, and Administrative Agent, have entered into
(a) that certain Second Amended and Restated Indenture, dated as of October 21, 2015, as amended by that certain Amendment No. 1 to Second Amended and Restated Indenture, dated as of September 30, 2016, (b) that certain
Amended and Restated Series 2014-VF2 Indenture Supplement, dated as of October 21, 2015, as may be amended by that certain Amendment No. 1 to Series 2014-VF2 Amended and Restated Indenture Supplement, anticipated to be executed on or
before the Expected Repayment Date (as defined in the Amended and Restated Series 2014-VF2 Indenture Supplement), a copy of which has been provided to Freddie Mac, provided that, the Parties acknowledge and agree that (x) so long as such
amendment remains in substantially the form previously provided to Freddie Mac prior to the Execution Date, Freddie Mac has granted its consent to Amendment No. 1 to Series 2014-VF2 Amended and Restated Indenture, and (y) the provisions of
Section 6 of this Agreement continue to remain applicable from after the Execution Date with respect to any other amendments or modifications to the Indenture, (c) that certain Series 2015-T1 Indenture Supplement, dated as of
October 21, 2015, (d) that certain Series 2015-T2 Indenture Supplement, dated as of October 21, 2015, and (e) that certain Series 2016-T1 Indenture Supplement, dated as of September 30, 2016 (the foregoing subsections
(a) through (e), collectively, as such agreements may be amended, modified, or supplemented from time to time in accordance with the express terms provided therein and in this Agreement, the “Indenture”); 

WHEREAS, under the terms of the Freddie Mac Single-Family Seller/Servicer Guide (as amended from time to time, the “Guide”),
to which Servicer is a party, Freddie Mac’s consent is required with respect to the grant of such Reimbursement Assignments and Pledge; 

WHEREAS, Servicer has requested that Freddie Mac consent to (a) Servicer’s reaffirmation of the assignment of the Reimbursement
Rights to Depositor and Depositor’s assignment of the Reimbursement Rights to Assignee, in each case pursuant to the terms and provisions of the Receivables Sale Agreement (as defined in the Indenture) and the Receivables Pooling Agreement (as
defined in the Indenture), as applicable, and (b) Assignee’s reaffirmation of the grant of the Reimbursement Assignments and Pledge pursuant to the terms and provisions of the Indenture, and Freddie Mac is willing to do so, in
consideration of the acknowledgments, promises, undertakings, covenants, warranties and representations on the part of Servicer set forth in this Agreement; and 

WHEREAS, Assignee, Depositor, Servicer, Indenture Trustee, and Freddie Mac have agreed to execute and deliver this Agreement to amend the
Third Amended and Restated Consent Agreement by complete restatement. 
 NOW, THEREFORE, for good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows: 
 1. Recitals; Exhibits; Consent to Reimbursement
Assignments and Pledge; Amendment by Complete Restatement. (a) The recitals above and all exhibits attached to this Agreement are each hereby incorporated into this Agreement by this reference, as a substantive

  
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Fifth Amended and Restated Consent Agreement 

 
contractual part of this Agreement. In reliance upon the covenants, representations and warranties of Servicer set forth in this Agreement and/or in the Purchase Documents, and subject to the
terms and conditions stated herein, Freddie Mac consents to (i) Servicer’s assignment of the Reimbursement Rights to Depositor, pursuant to the terms of the Receivables Sale Agreement (as defined in the Indenture),
(ii) Depositor’s assignment of the Reimbursement Rights to Assignee pursuant to the terms and provisions of the Receivables Pooling Agreement (as defined in the Indenture), and (iii) Assignee’s grant of the Reimbursement
Assignments and Pledge. Servicer agrees to provide, from time to time, promptly upon request, such information as Freddie Mac may reasonably request, including (without limitation) the identity of Assignee, the information outlined on Schedule
B (including updates of same), and the terms and conditions of the Reimbursement Assignments and Pledge and the structured finance arrangement pursuant to which the Financing will occur, provided, however, that Servicer shall not be obligated to
disclose the interest rate or other confidential pricing information regarding such structured finance arrangement. The execution and delivery of this Agreement by Servicer constitutes notice to Freddie Mac of such assignments and pledges, and the
execution and delivery of this Agreement by Freddie Mac constitutes acknowledgment that Freddie Mac has received such information to grant its consent, including without limitation the terms and conditions of the Reimbursement Assignments and Pledge
and the structured finance arrangement pursuant to which such Reimbursement Assignments are financed. 
 (b) Freddie Mac hereby acknowledges and consents,
subject to the terms, provisions and conditions of this Agreement, that prior to the Termination Date (as defined below), Freddie Mac will not consent to (x) the assignment by Servicer of the Reimbursement Rights to any party (other than a
Party to this Agreement), or (y) any other transaction with any party that is not a Party to this Agreement relating to Servicer’s rights with respect to the Reimbursement Rights (including, without limitation, any transaction evidenced by
a consent agreement in form and substance comparable to this Agreement). “Termination Date” means the earlier to occur of (i) payment in full by Freddie Mac or other reimbursement of all outstanding Reimbursement Amounts (which
payment shall be made as and when required by the Guide and/or any other applicable Purchase Documents absent the existence of an assignment of the Reimbursement Rights but without regard to any default by the Servicer) following termination by
Freddie Mac as contemplated in Section 7 of this Agreement or pursuant to Section 17 of this Agreement, and (ii) the provision by Indenture Trustee, on behalf of the Secured Parties, of a written notice to Freddie Mac
(the “Indenture Trustee Final Notice”) that the Indenture has been satisfied and discharged in full (from whatever source), provided that (I) Indenture Trustee shall give Freddie Mac prompt written notice of the satisfaction
and discharge in full of the Indenture, and (II) Freddie Mac shall be entitled, from time to time, to submit a written inquiry to Indenture Trustee as to whether the satisfaction and discharge in full of the Indenture has occurred. 

(c) This Agreement amends the Fourth Amended and Restated Consent Agreement by complete restatement in compliance with Section 10 of the Fourth Amended
and Restated Consent Agreement. 

  
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Fifth Amended and Restated Consent Agreement 

 2. Freddie Mac’s Subordination of Right of Setoff. Notwithstanding anything to the
contrary in the Guide, Freddie Mac, Servicer, Depositor, Assignee, the Administrative Agent, and Indenture Trustee agree that to the extent of the Financing, Freddie Mac will not setoff or net any claims it might have against Servicer or any
Affiliate of Servicer (as defined below), or payments due to Freddie Mac from Servicer or any Affiliate of Servicer, from (i) reimbursements Freddie Mac owes to Servicer or any Affiliate of Servicer, on account of the Reimbursement Rights,
(ii) amounts that Servicer receives from a transferee servicer pursuant to either or both of Sections 7101.10(c) or (d) of the Guide on account of Reimbursement Rights, or (iii) amounts that Servicer receives upon subsequent receipt
of any Principal and Interest Payments (as such term is defined in the Guide), on account of the Reimbursement Rights; provided however, that Indenture Trustee agrees that if Servicer receives reimbursements as described in (ii) and
(iii) above in this sentence, and such payments are duplicative (that is, Servicer is being reimbursed twice for the same advances), then Indenture Trustee will within five (5) Business Days of the Indenture Trustee’s receipt of
written notice of such duplicative payment from Servicer or Freddie Mac, return the excess payments to Freddie Mac via the wiring instructions attached hereto as Schedule D. As used herein, (x) “Affiliate of Servicer”
means, with respect to Servicer, any Person directly or indirectly controlling, controlled by or under common control with Servicer, (y) “Person” means an individual, corporation, limited liability company, partnership, joint
venture, trust or unincorporated organization), and (z) “Agent” means any sub-servicer or agent of Servicer, to the extent such Agent’s role as sub-servicer or agent of Servicer with respect to the Mortgage loans specified
in Schedule A, including without limitation any Agent who makes advances or manages Servicer’s custodial accounts and remittances for Servicer, or any Agent who makes claims for reimbursement or other collection of Reimbursement Amounts
for Servicer. Upon the earlier to occur of (A) the payment in full (from whatever source) of the Notes (as defined in the Indenture), or (B) Freddie Mac’s receipt of an Indenture Trustee Final Notice, Freddie Mac may, in its sole and
absolute discretion, set off against the Reimbursement Rights (that is, subtract from the amount of the Reimbursement Rights) the amounts of any and all damages, fees, costs and expenses relating to defaults and/or outstanding obligations of
Servicer (and/or of any Affiliate of Servicer) due and owing to Freddie Mac, including, but not limited to, amounts owed to Freddie Mac for any mortgage loan repurchases or claim amounts arising under any other agreement between Servicer (and/or of
any Affiliate of Servicer) and Freddie Mac. Servicer and Freddie Mac each acknowledge that all advances and related Reimbursement Rights and Reimbursement Amounts are owned by Servicer (or the Issuer, as assignee of Servicer and Depositor) and not
by any Agent, notwithstanding that Agent may have disbursed the advances and notwithstanding any claims by Agent for reimbursement. 
 3.
Payment to Servicer. During the term of this Agreement, all payments, if any, made by Freddie Mac relating to the Reimbursement Rights will be paid directly to the account described in Schedule C hereto (the “Clearing
Account”), and Indenture Trustee and Administrative Agent each expressly acknowledge their understanding that the Clearing Account is not a blocked or restricted account subject to control in favor of a secured party. Servicer, Depositor,
Assignee, Administrative Agent, and Indenture Trustee will be deemed, by virtue of their execution of this Agreement, to have specifically authorized and irrevocably consented to 

  
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Fifth Amended and Restated Consent Agreement 

 
any directed payment of the Reimbursement Rights to the Clearing Account until such time as any other written notice shall have been delivered by Indenture Trustee to Freddie Mac which directs
all payments, if any, by Freddie Mac relating to Reimbursement Rights to another account, or the Indenture Trustee Final Notice shall have been delivered. The Servicer, the Depositor and the Assignee hereby authorize Freddie Mac to accept the
written instructions of the Indenture Trustee with respect to payments to the Clearing Account, or the direction to make payments to another account, all in accordance with the Transaction Documents. Freddie Mac will have no obligation to confirm
with the Servicer or Indenture Trustee any such direction or payment made by Freddie Mac relating to the Reimbursement Rights arising out of or relating to this Agreement. For the avoidance of doubt, (i) the Guide requires that Freddie Mac
remit to Servicer reimbursement for advances of taxes and insurance and certain other advances, including foreclosure and liquidation and related expenses, required to be made or incurred by Servicer pursuant to the Guide and/or the Purchase
Documents; and (ii) although the definition of “Reimbursement Amounts” does include the reimbursement of advances for delinquent principal and interest payments required to be made by Servicer pursuant to the Guide and/or the Purchase
Documents, any such reimbursement from Freddie Mac will be in the form of either (A) crediting delinquent Principal and Interest Payments (as such term is defined in the Guide) advanced with respect to the Mortgage loans against amounts
otherwise required to be remitted by Servicer to Freddie Mac, in which case the old advances shall be deemed reimbursed and the full amount of the new advances without regard to the credit shall be deemed to have been remitted, such that Servicer
shall remain entitled to reimbursement of the new advance amount as if such new advance amount had been an out-of-pocket payment, or (B) permitting Servicer to reimburse itself for delinquent principal and interest advanced with respect to the
Mortgage loans by netting those amounts from amounts otherwise required to be remitted by Servicer to Freddie Mac, which, in the case of any crediting contemplated by clause (A) above, the old advances shall be deemed reimbursed and the full
amount of the new advances without regard to the amount netted shall be deemed to have been remitted, such that Servicer shall remain entitled to reimbursement of the new advance amount as if such new advance amount had been an out-of-pocket
payment. Issuer, Depositor and Servicer acknowledge and agree that, to the extent not previously reimbursed in cash, such amounts credited or netted with respect to delinquent principal and interest advanced shall be deposited by Servicer directly
into the Collection and Funding Account (as defined in the Indenture) for the benefit of the Secured Parties in accordance with the terms of the Indenture. 

4. Purpose of Reimbursement Assignment; No Additional Interests in Reimbursement Rights. Servicer, Depositor, and Assignee covenant to
Freddie Mac that the Reimbursement Assignments and Pledge will only be made pursuant to the terms of this Agreement and the Indenture, provided that in the event of a conflict between this Agreement and the Indenture, the provisions of this
Agreement shall prevail. Servicer, Depositor, and Assignee each represents, warrants and covenants (as applicable to each such entity) that, other than the Reimbursement Assignments and Pledge, none of such entities has, or will, sell, grant or
convey to any other Person any interest whatsoever in the Reimbursement Rights; provided, that, upon the occurrence and during the continuance of an “Event of Default” under the Indenture, Indenture Trustee may, in connection with
the enforcement of the Reimbursement Assignments 

  
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Fifth Amended and Restated Consent Agreement 

 
and Pledge and its exercise of remedies pursuant to the Transaction Documents and applicable law, including, without limitation, applicable provisions of the Uniform Commercial Code
(“UCC”), sell the Reimbursement Rights to an approved Freddie Mac Seller/Servicer or such other person or entity approved in writing by Freddie Mac in advance of such conveyance, which approval may be granted or withheld by Freddie
Mac in its sole and absolute discretion. 
 5. Filing of Financing Statement. In recognition of the structured finance arrangement
discussed herein, Servicer, Depositor and Assignee agree to insert (and Freddie Mac agrees not to object to) language similar to that presented below in any new or amended financing statement filed after the Execution Date by Indenture Trustee or
Servicer, naming Servicer or Issuer as debtor, under the UCC with respect to the Reimbursement Assignments and Pledge: 

“The Security Interest perfected by this financing statement is subject and subordinate, in each and
every respect, to all rights, powers, and prerogatives of Freddie Mac under and in connection with (i) the terms and conditions of that certain Fifth Amended and Restated Consent Agreement, dated as of September 30, 2016 (as may be amended
or modified from time to time in accordance with its express terms, the ‘Consent Agreement’), with respect to the ‘Reimbursement Assignments and Pledge’ of the ‘Reimbursement Rights’ (as such terms are defined in
the Consent Agreement), by and among Freddie Mac, Ditech Financial LLC, Green Tree Advance Receivables III LLC, Green Tree Agency Advance Funding Trust I (acting through Wilmington Trust, National Association, its Owner Trustee), Wells Fargo Bank,
N.A. and Barclays Bank PLC, (ii) the terms and conditions of the Purchase Documents as defined in the Freddie Mac Single Family Seller/Servicer Guide, as it may be amended from time to time, other than as set forth pursuant to the express terms
and provisions of the Consent Agreement, and (iii) all claims of Freddie Mac arising out of or relating to any and all breaches, defaults and outstanding obligations of debtor to Freddie Mac.” 

6. Non-Applicability of Transaction Documents. Each of the Parties agrees, and expressly acknowledges its understanding, that Freddie
Mac shall not be bound in any way whatsoever by any terms or provisions of the Indenture or any other transaction document pursuant to which the Reimbursement Assignments and Pledge are created (the Indenture and any such other agreement are herein
called the “Transaction Documents”), and that in the event of an actual or apparent conflict between the provisions of the Transaction Documents and the provisions of this Agreement with respect to the respective rights or
obligations of Servicer, Depositor or Assignee, the provisions of this Agreement shall govern. Furthermore, each of the Parties hereto (other than Freddie Mac) covenants and agrees not to amend, modify or supplement the Indenture or any other
Transaction Document without the express prior written consent of Freddie Mac, which consent may be granted or withheld in Freddie Mac’s sole and absolute discretion; if Freddie Mac determines that any such amendment, modification or supplement
would not be materially adverse to Freddie Mac in any respect, including without limitation, with respect to Freddie Mac’s rights and agreements hereunder, then Freddie Mac will grant such consent as soon as reasonably practicable. 

  
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Fifth Amended and Restated Consent Agreement 

 7. Continuation of Security Interest in Proceeds. Each of the Parties agrees, and
expressly acknowledges its understanding, that if Freddie Mac exercises its right to suspend or terminate Servicer’s eligibility to service Mortgage loans for Freddie Mac, the Reimbursement Assignments and Pledge shall continue in full force
with respect to the Reimbursement Rights, subject to the terms of this Agreement. Freddie Mac agrees that (i) if Servicer is terminated by Freddie Mac (or the servicing contract between Freddie Mac and Servicer pursuant to which Servicer is
performing servicing on behalf of Freddie Mac is terminated by Freddie Mac, in whole or in part, or Servicer’s servicing rights related to the Reimbursement Rights are otherwise transferred away from Servicer) pursuant to the terms and
provisions of the Purchase Documents, (ii) Servicer voluntarily resigns as servicer under the Purchase Documents with respect to any of the Mortgage loans identified on Schedule A, or (iii) Servicer, Depositor and/or Assignee
defaults under the Indenture or any related Transaction Documents, then the Reimbursement Rights shall be vested in Assignee (but only to the extent that such Reimbursement Rights would, under the Guide and/or any other applicable Purchase
Documents, have been vested, as of the applicable date of any such termination or transfer of servicing, in Servicer absent the existence of the Reimbursement Assignments and Pledge), and as promptly as practicable, and in any event within ten
(10) calendar days, after Freddie Mac’s giving or receipt (as applicable) of notice of any such occurrence, Freddie Mac shall make commercially reasonable efforts to (x) provide that all payments made or amounts payable by Freddie Mac
in respect of the Reimbursement Rights (which payments shall be made as and when required pursuant to the Guide and/or any other applicable Purchase Documents absent the existence of the assignment of the Reimbursement Rights, but without regards to
any default by Servicer) shall be made to the Clearing Account and, if applicable, prior to any advance reimbursement payments made to the successor servicer, and (y) enforce the provisions of Guide Section 7101.10 and the requirement that
the successor servicer pay in full the aggregate Reimbursement Rights outstanding as of the date of transfer, including but not limited to all delinquent interest (net of prepaid interest) and delinquent principal advanced (net of prepaid principal)
to Freddie Mac by Servicer as of the effective date of the servicing transfer and direct such successor servicer to remit such amounts to the Clearing Account. Freddie Mac hereby agrees that it shall endeavor to provide each of Depositor, Assignee,
Indenture Trustee and the Administrative Agent, with any notice of Servicer termination or notice of the voluntary resignation of Servicer within ten (10) calendar days following the date thereof; provided, however, that Freddie
Mac will not be liable to any Party for failure to provide such notice by such deadline. Assignee hereby agrees that it shall promptly provide Freddie Mac with notice of the occurrence of any “Event of Default” under the Indenture or any
other Transaction Document. 
 8. Participations and Assignments. The holder of any Notes (as defined in the Indenture) issued
pursuant to the Indenture (or, if any holder of any Notes issued pursuant to the Indenture sells one or more participations in such Notes, or assigns a portion of such Notes or otherwise enters into any arrangement whereby one or more entities have
rights by, through, or with, such holder with respect to the security interest created pursuant to the Reimbursement Assignments and Pledge, any such participants and assignees) shall benefit under this Agreement

  
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Fifth Amended and Restated Consent Agreement 

 
solely through (and the rights of any such participants and assignees shall be derived solely from) Assignee and Indenture Trustee. Freddie Mac’s only obligations relative to the
Reimbursement Assignments and Pledge are as expressly set forth in this Agreement, and (i) Freddie Mac shall have no liability to, and no obligation hereunder to deal with, any holder of, or any such participant or assignee in, the Notes made
pursuant to the Indenture, and (ii) Servicer hereby indemnifies Freddie Mac from and against any and all loss, costs, damages and expenses (including, without limitation, attorneys’ fees and costs) arising out of or relating to any claim
made by any such holder, participant or assignee in a manner other than as described in this Section 8. 
 9. Entire
Agreement. This Agreement constitutes the entire agreement among the Parties concerning the subject matter hereof, and supersedes any and all prior representations, statements, discussions and negotiations concerning such agreements and the
subject matter hereof which may have been made or which may have occurred prior to or contemporaneous with the execution of this Agreement. 

10. Amendments; Defined Terms. This Agreement may not be amended, and none of its terms may be modified or waived, except by a writing
that specifically refers to this Agreement and that expressly states that it constitutes an amendment, modification or waiver to this Agreement, and which is signed by the Party or Parties against whom enforcement of the amendment, modification or
waiver is sought. Capitalized terms not defined in this Agreement shall have the meanings ascribed to them in the Guide. 
 11.
Severability. If any term or provision of this Agreement shall be held to be invalid or unenforceable by a court of competent jurisdiction, the validity and enforceability of all of the remaining provisions of this Agreement shall not be
affected, and the rights and obligations of the Parties shall be construed and enforced as if this Agreement did not contain the particular term or provision held to be invalid or unenforceable. 

12. Rights Cumulative. All rights granted to Freddie Mac hereunder shall be cumulative and shall be in addition to any other rights
that Freddie Mac may have under the Purchase Documents, at law or in equity. Except as otherwise expressly set forth in this Agreement, nothing in this Agreement is intended to or shall be construed to amend or modify any of the terms or provisions
of the Purchase Documents or any other agreements between Servicer and Freddie Mac. 
 13. No Waiver. Neither delay on the part of
Freddie Mac in the exercise any of its rights hereunder, nor any partial exercise of any such right, shall constitute a waiver of such right or of any other rights of Freddie Mac under this Agreement. 

14. Successors and Assigns; Third Party Beneficiaries. This Agreement shall be binding upon, and shall inure to the benefit of, the
Parties hereto and their respective successors and assigns. Notwithstanding anything herein to the contrary, it is understood and agreed that none of Servicer, Depositor or Assignee shall have any rights to direct Freddie Mac in any way pursuant to
this Agreement or to bring any action or proceeding against Freddie Mac pursuant to 

  
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Fifth Amended and Restated Consent Agreement 

 
this Agreement to enforce any of Freddie Mac’s obligations hereunder, and only Indenture Trustee shall have the right to provide such direction or to bring any action against Freddie Mac
pursuant to this Agreement to enforce any of Freddie Mac’s obligations hereunder. 
 15. Representations and Warranties.
Servicer, Depositor and Assignee each hereby represents and warrants to Freddie Mac that, as of the Effective Date and Execution Date, it: 

(a) had no present intention of filing any petition under, initiating any proceeding under, or otherwise seeking the protection of, the United
States Bankruptcy Code or any state law concerning bankruptcy; reorganization, insolvency, moratorium, receivership or creditor’s rights or debtor’s obligations generally, or making an assignment for the benefit of creditors, or entering
into a composition or similar agreement; 
 (b) was not insolvent within the meaning of 11 U.S.C. §101 (32); 

(c) did not undertake the Reimbursement Assignments and Pledge with actual intent to hinder, delay or defraud any entity to which the Servicer
was or became indebted on or after the date of the Reimbursement Assignments and Pledge; 
 (d) will not benefit any insider of Servicer
within the meaning of 11 U.S.C. §101(31) by virtue of the Reimbursement Assignments and Pledge; 
 (e) had received reasonably
equivalent value in exchange for undertaking the Reimbursement Assignments and Pledge; and 
 (f) did not intend to incur, or did not
believe that it would incur, debts that would be beyond Servicer’s ability to pay as such debts matured. 
 15A. Representations and
Warranties. 
 (a) Servicer, Depositor, Issuer, and Indenture Trustee (as to each of the foregoing, as of the Execution Date), and
Administrative Agent, as of March 11, 2016, each hereby represents and warrants, as to itself, to Freddie Mac that it is not a direct or indirect holder or group (as defined in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934) of
holders of ten percent (10%) or more of any class of capital stock of Freddie Mac. 
 (b) Administrative Agent, as of
September 27, 2016, hereby represents and warrants to Freddie Mac that it is not a direct or indirect holder (as defined in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, to the extent applicable) of ten percent (10%) or
more of any class of capital stock of Freddie Mac. 
 (c) Servicer represents and warrants to Freddie Mac that as of the Execution Date, to
the best of its knowledge, after due inquiry, none of its Members (as defined below) is a direct or indirect holder or group (as defined in Section 13(d) and 14(d) of the Securities Exchange Act of 1934) of holders of ten percent (10%) or
more of any class of capital stock of Freddie Mac. 

  
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Fifth Amended and Restated Consent Agreement 

 (d) As used in this Agreement, “Members” means direct and indirect members of
Servicer and of each entity comprising Servicer, including persons or entities comprising ownership that controls Servicer, but the use of the term “Member” in this Agreement shall not be construed to include any existing or potential
shareholder of Walter Investment Management Corp., a Maryland corporation.
 The applicable Party’s respective representations and warranties in
Sections 15 and 15A shall survive the execution and delivery of this Agreement and are a material inducement to Freddie Mac without which Freddie Mac would not have entered into this Agreement and upon which Freddie Mac is entitled to
rely. 
 16. Assignment Only with Freddie Mac’s Consent. None of Servicer, Depositor, Assignee nor Indenture Trustee may assign
its rights or obligations under this Agreement without Freddie Mac’s prior written consent (except the pledge by Assignee to Indenture Trustee), which consent may be granted or withheld in Freddie Mac’s sole and absolute discretion. 

17. Term and Renewal of Agreement. The term of this Agreement shall automatically renew for successive annual terms from and after the
Execution Date; provided, however, that Freddie Mac reserves the right, at its discretion, to terminate this Agreement upon at least thirty (30) calendar days’ prior written notice to Servicer, Depositor, Assignee,
Administrative Agent, and Indenture Trustee, it being understood that a termination under this Section 17 shall only apply to Reimbursement Rights arising after the date of such termination such that this Agreement shall remain effective
as to any Reimbursement Rights subject to the Transaction Documents prior to the expiration of the term of this Agreement. 
 18.
Governing Law. This Agreement and the rights and obligations of the Parties hereunder shall be construed in accordance with and governed by the laws of the United States. Insofar as there may be no applicable precedent, and insofar as to do
so will not frustrate the purposes of this Agreement or the transactions governed hereby, the local laws of the State of New York shall be deemed reflective of the laws of the United States (without reference to the conflicts of laws principles
thereof other than Sections 5-1401 and 5-1402 of the New York General Obligations Law). Time is of the essence as to the deadlines and timeframes referenced in this Agreement. 

19. INTENTIONALLY OMITTED. 
 20.
For the Avoidance of Doubt. The Parties hereto agree that, notwithstanding anything to the contrary herein, the terms and provisions of this Agreement do not provide, and shall not be interpreted to provide, for the assignment or conveyance
of any part or all of the conditional, non-delegable right of Servicer to service the Mortgage loans identified in Schedule A hereto under the Guide and/or the Purchase Documents or of any proceeds resulting from the sale or transfer of such
rights to service those Mortgage loans under the Guide or Purchase Documents. 

  
 11 

Fifth Amended and Restated Consent Agreement 

 21. Reporting Obligations of Servicer. Servicer hereby agrees to provide to Freddie Mac
(to the attention of Director – Structured Transactions, Freddie Mac, 8200 Jones Branch Drive, HQ-1 - 3438, McLean Virginia 22102, or at such other addresses as Freddie Mac may from time to time designate pursuant to written notice), on or
before the twentieth (20th) day (or, if such day is not a Business Day (as defined in the Guide), the next succeeding Business Day) of each calendar month after the Effective Date, a written report containing: (i) all then-outstanding
amounts secured by the Reimbursements Assignments and Pledge; (ii) a cumulative statement showing the dates and amounts of all advances secured by the Reimbursements Assignments and Pledge; (iii) any notice of default or event of default
received or sent by Servicer in connection with the Indenture and/or any other Transaction Document; and (iv) such other information or documents that Freddie Mac may reasonably request in connection with the Indenture and/or any other
Transaction Document and/or this Agreement. 
 22. Counterparts. This Agreement 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 (whether such counterpart is originally executed or an electronic copy of an original) and all of which when taken together shall
constitute one and the same agreement. The Parties hereto agree that delivery of a counterpart of a signature page to this Agreement by facsimile or electronic transmission shall be effective as delivery of an original executed counterpart of this
Agreement. 
 23. Notice. All notices that are required or are permitted under this Agreement shall be in writing and shall be:
(i) hand-delivered; (ii) mailed by certified or registered U.S. Mail, return receipt requested, first class postage prepaid; or (iii) sent via overnight courier to the Parties as follows: 

if to Freddie Mac: Freddie Mac 

8200 Jones Branch Drive, HQ-1 – 3438 

McLean, Virginia 22102-3110 

Attention: Director – Structured Transactions, Single Family Portfolio Management 

with a copy to: 
 Legal Division

 Freddie Mac 
 8200 Jones
Branch Drive, Legal Division 
 McLean, Virginia 22102-3110 

Attention: Vice President and Deputy General Counsel, Single Family Real Estate 

  
 12 

Fifth Amended and Restated Consent Agreement 

 if to Servicer: 

Ditech Financial LLC 
 3000
Bayport Drive, Suite 880 
 Tampa, Florida 33607 

Attention: President 
 with a
copy to: 
 Ditech Financial LLC 

1100 Virginia Drive, Suite 100 

Fort Washington, Pennsylvania 19034 

Attention: General Counsel 
 if
to Depositor: 
 Ditech Financial LLC 

1100 Virginia Drive, Suite 100 

Fort Washington, Pennsylvania 19034 

Attention: General Counsel 
 if
to Assignee: 
 Ditech Financial LLC 

1100 Virginia Drive, Suite 100 

Fort Washington, Pennsylvania 19034 

Attention: General Counsel 
 if
to Indenture Trustee: 
 9062 Old Annapolis Road 

Columbia, Maryland 21045-1951 

Attention: Corporate Trust Services, Green Tree Agency Advance Funding Trust I, Series 2014-VF2 

if to Administrative Agent: 

Barclays Bank PLC 
 745 Seventh
Avenue 
 New York, New York 10019 

Attention: Joseph O’Doherty 
 or to such
other address as any Party shall designate by written notice to the other Party in the manner provided herein. 

  
 13 

Fifth Amended and Restated Consent Agreement 

 24. Confidentiality. Except as otherwise expressly agreed in writing by the other Parties
hereto, no Party to this Agreement shall issue or cause to be issued any announcement, press release, or other statement, or shall voluntarily disclose information concerning this Agreement to the press or the general public. The foregoing shall not
be deemed to prevent a Party from disclosing this Agreement or the terms hereof: (i) in response to a court order, subpoena, or other demand or request made in accordance with applicable law by a governmental or quasi-governmental body having
jurisdiction over such Party (including, without limitation, the Federal Housing Finance Agency), or as otherwise required by applicable law (including, without limitation, applicable Federal securities law), or as that Party may deem reasonably
necessary as part of its filings of SEC Forms 8-K, 10-Q or 10-K and related disclosures to investors (each Party will provide an advance copy to the other Parties of appropriate excerpts of any such disclosure relating to this Agreement, except for
non-public disclosures to private investors on a confidential basis); or (ii) to such Party’s subsidiaries, affiliates, officers, agents, representatives, attorneys, accountants, auditors, successors, and assigns, and to qualified bidders
or investors in connection with the sale of such Party or its assets, who have a need to know. 
 25. Owner Trustee Limitation of
Liability. It is expressly understood and agreed by the Parties hereto that (a) this Agreement is executed and delivered by Wilmington Trust, National Association, not individually or personally, but solely as Owner Trustee of Assignee
under its Trust Agreement (as defined in the Indenture), 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 Assignee is made and
intended not as a personal representation, undertaking and agreement by Wilmington Trust, National Association but is made and intended for the purpose of binding only Assignee, (c) nothing herein contained shall be construed as creating any
liability on Wilmington Trust, National Association, 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, National Association be personally liable for the payment of any indebtedness or expenses of Assignee or be liable for the breach or failure
of any obligation, representation, warranty or covenant made or undertaken by Assignee under this Agreement or any related agreement. 
 26.
Capacity of Indenture Trustee. It is expressly understood and agreed by the Parties hereto that (a) this Agreement is executed and delivered by Wells Fargo Bank, N.A., not individually or personally, but solely as Indenture Trustee, for
and on behalf of the Secured Parties, (b) each of Indenture Trustee’s representations, undertakings and agreements herein are made on behalf of the Secured Parties and are made and intended not as a personal representation, undertaking and
agreement by Indenture Trustee, (c) under no circumstances shall Indenture Trustee be personally liable for the payment of any obligation or be liable (absent Indenture Trustee’s willful misconduct, fraud or gross negligence) for the
breach or failure of any obligation or covenant made or undertaken by it under this Agreement. 
 [Signatures appear on following pages] 

  
 14 

Fifth Amended and Restated Consent Agreement 

 IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed and
delivered by their duly authorized signatories as of the Effective Date. 
  

					
	FEDERAL HOME LOAN MORTGAGE CORPORATION
			
	By:	 	 /s/ Yvette Gilmore
	 	(SEAL)
	Name:	 	Yvette Gilmore	 	
	Title:	 	VP, Servicer Performance Management
	
	DITECH FINANCIAL LLC
			
	By:	 	 /s/ Cheryl A Collins
	 	(SEAL)
	Name:	 	Cheryl A. Collins	 	
	Title:	 	Senior Vice President and Treasurer
	
	GREEN TREE ADVANCE RECEIVABLES III LLC
			
	By:	 	 /s/ Cheryl A Collins
	 	(SEAL)
	Name:	 	Cheryl A. Collins	 	
	Title:	 	Senior Vice President and Treasurer
	
	GREEN TREE AGENCY ADVANCE FUNDING TRUST I
		
	By:	 	Wilmington Trust, National Association, not in its individual capacity but solely as Owner Trustee
			
	By:	 	 /s/ Chad May
	 	(SEAL)
	Name:	 	Chad May	 	
	Title:	 	Assistant Vice President

  
 Signature Page to Fifth
Amended and Restated Consent Agreement 

 
					
	WELLS FARGO BANK, N.A., not in its individual capacity, but solely as Indenture Trustee
			
	By:	 	 /s/ Kelly J. Rentz
	 	(SEAL)
	Name:	 	Kelly J. Rentz	 	
	Title:	 	Vice President	 	
	
	 BARCLAYS BANK PLC,
 as
Administrative Agent

			
	By:	 	 /s/ Trevor Moffitt
	 	(SEAL)
	Name:	 	Trevor Moffitt	 	
	Title:	 	Director	 	

 (End of Signatures) 

  
 Signature Page to Fifth
Amended and Restated Consent Agreement 

 Schedule A 

Copy of “Email Exchange” 

E-Mail Exchange Attached; Loan List (referred to in E-Mail Exchange) on File 

See Attached. 

 Schedule B 

List of Information to be provided to Freddie Mac 

Securitization Trust 
 Lien 

UPB 
 Advance Category 

Beginning Advance Balance 
 Recoveries 

Advances 
 Ending Advance Balance 

Beginning Note Balance 
 Ending Note Balance 

Adjustments 
 Collection Account Balance 

Weighted Average Advance Rate 

 Schedule C 

Clearing Account 
  

			
	Name of Bank:	  	Bank of America, N.A.
		
		  	 150 Broadway Avenue
  

New York, New York 10038

 ABA Number of Bank: 026009593 

Name of Account: Ditech Financial LLC 
 Account Number at Bank:
XXXXX 

 Schedule D 

Freddie Mac Wire Instructions 

JP Morgan Chase 

Routing Number: 021-000-021 

Account Number: XXXXXExhibit

EXHIBIT 10.1

SEVENTH AMENDMENT TO SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT
This SEVENTH AMENDMENT TO SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, dated as of September 30, 2016 (this “Amendment”), is entered into by and among THE PRIVATEBANK AND TRUST COMPANY (in its individual capacity, “PrivateBank”), as administrative agent for the lenders (the “Lenders”) party to the Loan Agreement (as defined below) (in such capacity, together with its successors and assigns, the “Administrative Agent”), the Lenders, and each of WESTMORELAND COAL COMPANY, a Delaware corporation (“Westmoreland Parent”), WESTMORELAND ENERGY LLC, a Delaware limited liability company (“Westmoreland Energy”), WESTMORELAND – NORTH CAROLINA POWER, L.L.C., a Virginia limited liability company (“Westmoreland NC”), WEI-ROANOKE VALLEY, INC., a Delaware corporation (“WEI”), WESTMORELAND – ROANOKE VALLEY, L.P., a Delaware limited partnership (“Westmoreland Roanoke”), WESTMORELAND PARTNERS, a Virginia general partnership (“Westmoreland Partners”), WESTMORELAND RESOURCES, INC., a Delaware corporation (“Westmoreland Resources”), WESTMORELAND COAL SALES COMPANY, INC., a Delaware corporation (“Coal Sales”), WRI PARTNERS, INC., a Delaware corporation (“WRI”), WCC LAND HOLDING COMPANY, INC., a Delaware corporation (“WCC”), WESTMORELAND CANADA LLC, a Delaware limited liability company (“WC LLC”), WESTMORELAND ENERGY SERVICES, INC., a Delaware corporation (“WES”), WESTMORELAND MINING LLC, a Delaware limited liability company (“WML”), WESTERN ENERGY COMPANY, a Montana corporation (“WECO”), TEXAS WESTMORELAND COAL CO., a Montana corporation (“TWCC”), WESTMORELAND SAVAGE CORPORATION, a Delaware corporation (“Savage”), DAKOTA WESTMORELAND CORPORATION, a Delaware corporation (“Dakota”), and BUCKINGHAM COAL COMPANY, LLC, an Ohio limited liability company (“Buckingham”; together with Westmoreland Parent, Westmoreland Energy, Westmoreland NC, WEI, Westmoreland Roanoke, Westmoreland Partners, Westmoreland Resources, Coal Sales, WRI, WCC, WC LLC, WES, WML, WECO, TWCC, Savage and Dakota, each individually a “US Borrower” and collectively, the “US Borrowers”), WESTMORELAND CANADIAN INVESTMENTS L.P., a limited partnership organized and existing under the laws of the Province of Quebec (“WC Investments”), WESTMORELAND CANADA HOLDINGS, INC., a corporation organized and existing under the laws of the Province of Alberta (“Westmoreland Canada”), WESTMORELAND PRAIRIE RESOURCES INC., a corporation organized and existing under the laws of the Province of Alberta (“WPR”), and PRAIRIE MINES & ROYALTY ULC, an unlimited liability company organized under the laws of the Province of Alberta (“PMRL”; together with WC Investments, Westmoreland Canada and WPR, each individually a “Canadian Borrower” and collectively, the “Canadian Borrowers”), and WCC HOLDING B.V., a B.V. organized and existing under the laws of the Netherlands (“WCC BV”).  
W I T N E S S E T H:
WHEREAS, the US Borrowers, the Canadian Borrowers, WCC B.V., the Administrative Agent and the Lenders entered into a certain Second Amended and Restated Loan and Security Agreement dated as of December 16, 2014, as amended by that certain Joinder and First Amendment to Second Amended and Restated Loan and Security Agreement dated March 26, 2015, that certain 

	
			
	 
	 
	 

CHICAGO/#2894591.4 

EXHIBIT 10.1

Consent and Second Amendment to Second Amended and Restated Loan and Security Agreement dated as of May 29, 2015, that certain Third Amendment to Second Amended and Restated Loan and Security Agreement dated as of December 31, 2015, that certain Consent and Fourth Amendment to Second Amended and Restated Loan and Security Agreement dated as of January 29, 2016, that certain Fifth Amendment to Second Amended and Restated Loan and Security Agreement dated as of May 3, 2016 and that certain Sixth Amendment to Second Amended and Restated Loan and Security Agreement dated as of June 28, 2016 (as further amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”) pursuant to which the US Borrowers and the Canadian Borrowers established certain financing arrangements with the Lenders; and
WHEREAS, the Bank and the Borrowers desire to further amend the Agreement in accordance with this Amendment solely in the interest of clarification and in accordance with past practices.
NOW, THEREFORE, for and in consideration of the premises and mutual agreements herein contained and for the purposes of setting forth the terms and conditions of this Amendment, the parties, intending to be bound, hereby agree as follows:
Section 1.Incorporation of the Loan Agreement.  All capitalized terms which are not defined hereunder shall have the same meanings as set forth in the Loan Agreement, and the Loan Agreement, to the extent not inconsistent with this Amendment, is incorporated herein by this reference as though the same were set forth in its entirety.  To the extent any terms and provisions of the Loan Agreement or the other Loan Documents are inconsistent with the amendments set forth in Section 2 below, such terms and provisions shall be deemed superseded hereby.  Except as specifically set forth herein, the Loan Agreement and the other Loan Documents shall remain in full force and effect and its provisions shall be binding on the parties hereto.
Section 2.    Amendments to the Loan Agreement.  Subject to the terms and conditions hereof, the Loan Agreement is amended as follows:
(a)    The definition of “Canadian Fixed Charges” set forth in Section 1 of the Loan Agreement is hereby amended by amending and restating such definition to read as follows:
“Canadian Fixed Charges shall mean for any period, without duplication, scheduled payments of (i) principal and interest during the applicable period with respect to all indebtedness of the Canadian Borrowers for Capital Lease obligations, plus (ii) principal during the applicable period with respect to all indebtedness of the Canadian Borrowers for borrowed money, plus (iii) cash interest paid during the applicable period, together with all scheduled interest payments that are due but remain unpaid,  with respect to all indebtedness of the Canadian Borrowers for borrowed money.  Notwithstanding the foregoing, beginning September 30, 2016, payments of cash interest as described under clause (iii) of this definition for each quarterly period shall be calculated and allocated, together with all interest of US Borrowers as described under clause (iii) of the term US Fixed Charges, as follows:   

	
			
	 
	2
	 

EXHIBIT 10.1

	
		
	Scheduled cash interest payments for Canadian Borrowers
	Scheduled cash interest payments for US Borrowers

	60%
	40%

(b)    The definition of “Interest Expense” set forth in Section 1 of the Loan Agreement is hereby amended by deleting in the entirety the last sentence of item number “(9)” of such definition including, without limitation, the table referenced therein. 
(c)    The definition of “US Fixed Charges” set forth in Section 1 of the Loan Agreement is hereby amended by amending and restating such definition to read as follows:
“US Fixed Charges shall mean for any period, without duplication, scheduled payments of (i) principal and interest during the applicable period with respect to all indebtedness of the US Borrowers for Capital Lease obligations, plus (ii) principal during the applicable period with respect to all indebtedness of the US Borrowers for borrowed money, plus (iii) cash interest paid during the applicable period, together with all scheduled interest payments that are due but remain unpaid, with respect to all indebtedness of the US Borrowers for borrowed money.  Notwithstanding the foregoing, beginning September 30, 2016,  payments of cash interest as described under clause (iii) of this definition for each quarterly period shall be calculated and allocated, together with all interest of Canadian Borrowers as described under clause (iii) of the term Canadian Fixed Charges, as follows:     
	
		
	Scheduled cash interest payments for Canadian Borrowers
	Scheduled cash interest payments for US Borrowers

	60%
	40%

Section 3.    Effectiveness Conditions.  The amendments and other agreements set forth herein shall be effective upon the satisfaction of all of the following conditions precedent, each to the satisfaction of the Administrative Agent in its sole discretion:  
(a)    Receipt by the Administrative Agent from each of the Lenders, the Administrative Agent and Borrowers, of a counterpart of this Amendment signed on behalf of such party; and
(b)    Receipt by the Administrative Agent of such other documents, instruments and  certificates as the Administrative Agent shall reasonably request.
Section 4.    Representations and Warranties; No Default.  
(a)    The representations and warranties of the Borrowers set forth in Section 11 of the Loan Agreement shall be deemed made or remade, as applicable, by each Borrower as of the 

	
			
	 
	3
	 

EXHIBIT 10.1

date hereof, and shall be true and correct in all material respects as of the date hereof except to the extent that such representation or warranty expressly relates to a specified earlier date, in which case such representation and warranty shall be true and correct in all material respects as of such earlier date; and 
(b)    Each Borrower represents and warrants to the Administrative Agent and the Lenders that the execution and delivery by such Borrower of this Amendment and the performance by it of the transactions herein contemplated (i) are and will be within its organizational powers, (ii) have been authorized by all necessary organizational action and (iii) are not and will not be in contravention of any order of any court or other agency of government, of law or any other indenture, agreement or contract to which such Borrower is a party or by which the property of such Borrower is bound, or be in violation of, result in a breach of, or constitute with due notice and/or lapse of time a default under any such indenture, agreement or contract, which contravention, violation or breach would reasonably be expected to have a Material Adverse Effect or result in the imposition of any lien, charge or encumbrance of any nature on any of the properties of such Borrower (other than Permitted Liens).
Section 5.    Affirmation.  Except as specifically amended pursuant to the terms hereof, the Loan Agreement and the other Loan Documents (and all covenants, terms, conditions and agreements therein), shall remain in full force and effect, and are hereby ratified and confirmed in all respects by the Borrowers.  Each Borrower hereby represents and warrants to the Administrative Agent and the Lenders that as of the date hereof, there are no claims, counterclaims, offsets or defenses arising out of or with respect to the Obligations.  Each Borrower hereby confirms its existing grant to the Administrative Agent, for its benefit and the benefit of the Lenders, of a lien on and security interest in the Collateral, after giving effect to this Amendment.  Each Borrower hereby reaffirms that all liens and security interests at any time granted by it to the Administrative Agent, for its benefit and the benefit of the Lenders, continue in full force and effect and secure and shall continue to secure the Obligations, after giving effect to this Amendment.  Nothing herein contained is intended to in any manner impair or limit the validity, priority and extent of the Administrative Agent’s existing security interest in and liens upon the Collateral, after giving effect to the transactions which are subject to the consents set forth in Section 1 herein.  Any and all references to the Loan Agreement in each of the Loan Documents shall be deemed to refer to and include this Amendment.
Section 6.    Fees and Expenses.  Each Borrower agrees to comply with Section 4.3.4  of the Loan Agreement, in connection with the evaluation, negotiation, preparation, execution and delivery of this Amendment.  
Section 7.    Miscellaneous.
(a)    Each Borrower hereby agrees to take all such actions and to execute and/or deliver to the Administrative Agent all such documents, assignments, financing statements and other documents as the Administrative Agent may reasonably require from time to time, to effectuate and implement the purposes of this Amendment and the other Loan Documents.

	
			
	 
	4
	 

EXHIBIT 10.1

(b)    This Amendment shall be binding on and shall inure to the benefit of the Borrowers, the Administrative Agent, the Lenders and their respective successors and (to the extent permitted under the Loan Agreement) assigns.  No rights are intended to be created hereunder for the benefit of any third-party donee, creditor or incidental beneficiary.
(c)    Wherever possible, each provision of this Amendment shall be interpreted in such a manner as to be effective and valid under applicable law, but if any provision of this Amendment shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Amendment.
(d)    The headings of any paragraph of this Amendment are for convenience only and shall not be used to interpret any provision hereof.
(e)    This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same agreement.  Execution and delivery by facsimile or other electronic transmission shall bind the undersigned.  Receipt of an executed signature page to this Amendment by facsimile or other electronic transmission shall constitute effective delivery thereof and shall be deemed an original signature hereunder.
(f)    No modification hereof or any agreement referred to herein shall be binding or enforceable unless in writing and signed on behalf of the party against whom enforcement is sought.
(g)    The terms and conditions of this Amendment shall be governed by and construed in accordance with the internal laws of the State of Illinois excluding conflict of laws statutes or common law principles that would result in the application of laws other than the internal laws of the State of Illinois.
(h)    EACH OF THE BORROWERS, THE ADMINISTRATIVE AGENT AND THE LENDERS, BY THE EXECUTION OR ACCEPTANCE OF THIS AMENDMENT, WAIVES ITS AND THEIR RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT OR PROCEEDING OR COUNTERCLAIM OF ANY KIND ARISING OUT OF OR RELATED TO THIS AMENDMENT, ANY OF THE OTHER LOAN DOCUMENTS, THE OBLIGATIONS OR THE COLLATERAL.
[SIGNATURE PAGES FOLLOW]

	
			
	 
	5
	 

(Signature Page to Seventh Amendment to  
Second Amended and Restated Loan and Security Agreement)

IN WITNESS WHEREOF, the parties hereto have duly executed this Seventh Amendment to Second Amended and Restated Loan and Security Agreement as of the date first above written.
	
		
	US BORROWERS:
	WESTMORELAND COAL COMPANY, a Delaware corporation
By:      /s/ Jennifer S. Grafton    
Jennifer S. Grafton 
Chief Administrative Officer & Secretary

	 
	WESTMORELAND ENERGY LLC, a Delaware limited liability company
By:    /s/ Samuel N. Hagreen    
   Samuel N. Hagreen 
   Secretary

	 
	WESTMORELAND – NORTH CAROLINA POWER, L.L.C., a Virginia limited liability company
By:   /s/ Samuel N. Hagreen    
   Samuel N. Hagreen 
   Secretary

	 
	WEI-ROANOKE VALLEY, INC., a Delaware corporation
By:   /s/ Samuel N. Hagreen    
   Samuel N. Hagreen 
   Secretary

	 
	WESTMORELAND – ROANOKE VALLEY, L.P., a Delaware limited partnership
   By:   WEI-Roanoke Valley, Inc., 
its general partner
By: /s/ Samuel N. Hagreen       
       Samuel N. Hagreen 
       Secretary

	
			
	 
	 
	 

(Signature Page to Seventh Amendment to  
Second Amended and Restated Loan and Security Agreement)

	
		
	US BORROWERS:
	WESTMORELAND PARTNERS, a Virginia general partnership
By:   Westmoreland-Roanoke Valley, L.P., its general partner
   By:   WEI-Roanoke Valley, Inc.,  
its general partner
   By: /s/ Samuel N. Hagreen       
              Samuel N. Hagreen 
              Secretary 

By:  Westmoreland-North Carolina Power,   L.L.C., its general partner
By: /s/ Samuel N. Hagreen       
        Samuel N. Hagreen 
        Secretary

	 
	WESTMORELAND RESOURCES, INC., a Delaware corporation
By:   /s/ Samuel N. Hagreen    
   Samuel N. Hagreen 
   Secretary

	 
	WESTMORELAND COAL SALES COMPANY, INC., a Delaware corporation
By:   /s/ Samuel N. Hagreen    
   Samuel N. Hagreen 
   Secretary

	 
	WRI PARTNERS, INC., a Delaware corporation
By:   /s/ Samuel N. Hagreen    
   Samuel N. Hagreen 
   Secretary

	US BORROWERS:
	WCC LAND HOLDING COMPANY, INC., a Delaware corporation
By:   /s/ Samuel N. Hagreen    
   Samuel N. Hagreen 
   Secretary

	
			
	 
	 
	 

(Signature Page to Seventh Amendment to  
Second Amended and Restated Loan and Security Agreement)

	
		
	 
	WESTMORELAND CANADA LLC, a Delaware limited liability company
By:   /s/ Jennifer S. Grafton    
   Jennifer S. Grafton 
   Vice President and Secretary 

	 
	WESTMORELAND ENERGY SERVICES, INC., a Delaware corporation
By:   /s/ Samuel N. Hagreen    
   Samuel N. Hagreen 
   Secretary

	 
	WESTMORELAND MINING LLC, a Delaware limited liability company
By:   /s/ Samuel N. Hagreen    
   Samuel N. Hagreen 
   Secretary

	 
	WESTERN ENERGY COMPANY, a Montana corporation
By:   /s/ Samuel N. Hagreen    
   Samuel N. Hagreen 
   Secretary

	 
	TEXAS WESTMORELAND COAL CO., a Montana corporation
By:   /s/ Samuel N. Hagreen    
   Samuel N. Hagreen 
   Secretary

	US BORROWERS:
	WESTMORELAND SAVAGE CORPORATION, a Delaware corporation
By:   /s/ Samuel N. Hagreen    
   Samuel N. Hagreen 
   Secretary

	 
	DAKOTA WESTMORELAND CORPORATION, a Delaware corporation
By:   /s/ Samuel N. Hagreen    
   Samuel N. Hagreen 
   Secretary

	
			
	 
	 
	 

(Signature Page to Seventh Amendment to  
Second Amended and Restated Loan and Security Agreement)

	
		
	 
	BUCKINGHAM COAL COMPANY, LLC, an Ohio limited liability company
By:   /s/ Samuel N. Hagreen    
   Samuel N. Hagreen 
   Secretary

	CANADIAN BORROWERS:
	WESTMORELAND CANADIAN INVESTMENTS, L.P., a limited partnership organized and existing under the laws of the Province of Quebec
By:   Westmoreland Canada LLC,  
its general partner
   By: /s/ Jennifer S. Grafton       
        Jennifer S. Grafton 
        Vice President and Secretary 

	 
	WESTMORELAND CANADA HOLDINGS, INC., a corporation organized and existing under the laws of the Province of Alberta
By:    /s/ Jennifer S. Grafton    
   Jennifer S. Grafton 
   Assistant Secretary

	CANADIAN BORROWERS:
	WESTMORELAND PRAIRIE RESOURCES INC., a corporation organized and existing under the laws of the Province of Alberta
By:    /s/ Jennifer S. Grafton    
   Jennifer S. Grafton 
   Assistant Secretary

	 
	PRAIRIE MINES & ROYALTY ULC, an unlimited liability company organized under the laws of the Province of Alberta
By:    /s/ Jennifer S. Grafton    
   Jennifer S. Grafton 
   Assistant Secretary

	
			
	 
	 
	 

(Signature Page to Seventh Amendment to  
Second Amended and Restated Loan and Security Agreement)

	
		
	WCC BV:
	WCC HOLDING B.V., a B.V. organized and existing under the laws of the Netherlands
By:    /s/ Jennifer S. Grafton    
   Jennifer S. Grafton  
   Managing Director A
By:    /s/ Clemens Cornelis van den Broek    
   Clemens Cornelis van den Broek 
   Managing Director B

	
			
	 
	 
	 

(Signature Page to Seventh Amendment to  
Second Amended and Restated Loan and Security Agreement)

	
		
	ADMINISTRATIVE AGENT  
AND A LENDER:
	THE PRIVATEBANK AND TRUST COMPANY
By:    /s/ Douglas Colletti    
   Douglas Colletti 
   Managing Director 

	
			
	 
	 
	 

(Signature Page to Seventh Amendment to  
Second Amended and Restated Loan and Security Agreement)

	
		
	LENDER:
	BANK OF THE WEST
By:    /s/ Philip Garlinghouse    
Name: Philip Garlinghouse    
Its:   Vice President

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