Document:

Exhibit 10.1

 

EXECUTION VERSION

 

CREDIT AGREEMENT

 

Dated as of August 22,
2005

 

BEAZER HOMES USA, INC.,

 

The Lenders Party
Thereto,

 

JPMORGAN CHASE BANK, N.A.

as Agent,

 

and

 

BNP PARIBAS,

GUARANTY BANK

and

WACHOVIA BANK, NATIONAL ASSOCIATION

as Syndication Agents

 

and

 

THE ROYAL BANK OF SCOTLAND plc,

as Documentation Agent

 

and

 

CITICORP NORTH AMERICA, INC.,

SUNTRUST BANK,

and

WASHINGTON MUTUAL BANK, FA

as Managing Agents

 

and

 

COMERICA BANK,

PNC BANK, NATIONAL ASSOCIATION,

and,

UBS LOAN FINANCE LLC

as Co-Agents

 

J.P. MORGAN SECURITIES INC.,

 

Lead Arranger and Sole Bookrunner

 

$750,000,000 REVOLVING
CREDIT FACILITY

 

 

Table of Contents

 

	
  ARTICLE I  DEFINITIONS AND ACCOUNTING TERMS

  	
   

  
	
   

  	
   

  
	
  Section 1.01  Defined Terms

  	
   

  
	
  Section 1.02  Accounting Terms

  	
   

  
	
   

  	
   

  
	
  ARTICLE II  AMOUNTS AND TERMS OF THE LOANS

  	
   

  
	
   

  	
   

  
	
  Section 2.01  The Facility

  	
   

  
	
  Section 2.02  Reductions of and Increases in Aggregate
  Commitment

  	
   

  
	
  Section 2.03  Notice and Manner of Borrowing

  	
   

  
	
  Section 2.04  Non-Receipt of Funds by Agent

  	
   

  
	
  Section 2.05  Determination of Applicable Eurodollar
  Margin and Applicable Commitment Rate

  	
   

  
	
  Section 2.06  Conversions and Renewals

  	
   

  
	
  Section 2.07  Interest

  	
   

  
	
  Section 2.08  Interest Rate Determination

  	
   

  
	
  Section 2.09  Fees

  	
   

  
	
  Section 2.10  Notes

  	
   

  
	
  Section 2.11  Prepayments

  	
   

  
	
  Section 2.12  Method of Payment

  	
   

  
	
  Section 2.13  Use of Proceeds

  	
   

  
	
  Section 2.14  Yield Protection

  	
   

  
	
  Section 2.15  Changes in Capital Adequacy Regulations

  	
   

  
	
  Section 2.16  Availability of Eurodollar Loans

  	
   

  
	
  Section 2.17  Funding Indemnification

  	
   

  
	
  Section 2.18  Lender Statements; Survival of Indemnity

  	
   

  
	
  Section 2.19  Extension of Termination Date

  	
   

  
	
  Section 2.20  Intentionally Omitted

  	
   

  
	
  Section 2.21  Replacement of Certain Lenders

  	
   

  
	
  Section 2.22  Swing Line

  	
   

  
	
  Section 2.23  Facility Letters of Credit

  	
   

  
	
   

  	
   

  
	
  ARTICLE III  CONDITIONS PRECEDENT

  	
   

  
	
   

  	
   

  
	
  Section 3.01  Conditions Precedent to Initial Loans

  	
   

  
	
  Section 3.02  Conditions Precedent to All Loans

  	
   

  
	
   

  	
   

  
	
  ARTICLE IV  REPRESENTATIONS AND WARRANTIES

  	
   

  
	
   

  	
   

  
	
  Section 4.01  Incorporation, Formation, Good Standing,
  and Due Qualification

  	
   

  
	
  Section 4.02  Power and Authority

  	
   

  
	
  Section 4.03  Legally Enforceable Agreement

  	
   

  
	
  Section 4.04  Financial Statements

  	
   

  
	
  Section 4.05  Labor Disputes and Acts of God

  	
   

  
	
  Section 4.06  Other Agreements

  	
   

  

 

i

 

	
  Section 4.07  Litigation

  	
   

  
	
  Section 4.08  No Defaults on Outstanding Judgments or
  Orders

  	
   

  
	
  Section 4.09  Ownership and Liens

  	
   

  
	
  Section 4.10  Subsidiaries and Ownership of Stock

  	
   

  
	
  Section 4.11  ERISA

  	
   

  
	
  Section 4.12  Operation of Business

  	
   

  
	
  Section 4.13  Taxes

  	
   

  
	
  Section 4.14  Laws; Environment

  	
   

  
	
  Section 4.15  Investment Company Act

  	
   

  
	
  Section 4.16  Public Utility Holding Company Act

  	
   

  
	
  Section 4.17  OFAC

  	
   

  
	
  Section 4.18  Accuracy of Information

  	
   

  
	
   

  	
   

  
	
  ARTICLE V  AFFIRMATIVE COVENANTS

  	
   

  
	
   

  	
   

  
	
  Section 5.01  Maintenance of Existence

  	
   

  
	
  Section 5.02  Maintenance of Records

  	
   

  
	
  Section 5.03  Maintenance of Properties

  	
   

  
	
  Section 5.04  Conduct of Business

  	
   

  
	
  Section 5.05  Maintenance of Insurance

  	
   

  
	
  Section 5.06  Compliance with Laws

  	
   

  
	
  Section 5.07  Right of Inspection

  	
   

  
	
  Section 5.08  Reporting Requirements

  	
   

  
	
  Section 5.09  Subsidiary Reporting Requirements

  	
   

  
	
  Section 5.10  Environment

  	
   

  
	
  Section 5.11  Use of Proceeds

  	
   

  
	
  Section 5.12  Ranking of Obligations

  	
   

  
	
  Section 5.13  Taxes

  	
   

  
	
  Section 5.14  Wholly-Owned Status

  	
   

  
	
  Section 5.15  New Subsidiaries

  	
   

  
	
   

  	
   

  
	
  ARTICLE VI  NEGATIVE COVENANTS

  	
   

  
	
   

  	
   

  
	
  Section 6.01  Liens

  	
   

  
	
  Section 6.02  Secured Debt

  	
   

  
	
  Section 6.03  Mergers, Etc

  	
   

  
	
  Section 6.04  Leases

  	
   

  
	
  Section 6.05  Sale and Leaseback

  	
   

  
	
  Section 6.06  Sale of Assets

  	
   

  
	
  Section 6.07  Investments

  	
   

  
	
  Section 6.08  Guaranties, Etc

  	
   

  
	
  Section 6.09  Transactions With Affiliates

  	
   

  
	
  Section 6.10  Housing Inventory

  	
   

  
	
  Section 6.11
   Amendment or Modification of Senior
  Indentures

  	
   

  
	
  Section 6.12  Non-Guarantors

  	
   

  
	
  Section 6.13
   Negative Pledges

  	
   

  

 

ii

 

	
  ARTICLE VII  FINANCIAL COVENANTS

  	
   

  
	
   

  	
   

  
	
  Section 7.01  Minimum Consolidated Tangible Net Worth

  	
   

  
	
  Section 7.02  Leverage Ratio

  	
   

  
	
  Section 7.03  Borrowing Base Debt

  	
   

  
	
  Section 7.04  Interest Coverage Ratio

  	
   

  
	
  Section 7.05  Land Inventory

  	
   

  
	
   

  	
   

  
	
  ARTICLE VIII  EVENTS OF DEFAULT

  	
   

  
	
   

  	
   

  
	
  Section 8.01  Events of Default

  	
   

  
	
  Section 8.02  Set Off

  	
   

  
	
   

  	
   

  
	
  ARTICLE IX  INTENTIONALLY OMITTED

  	
   

  
	
   

  	
   

  
	
  ARTICLE X  AGENCY PROVISIONS

  	
   

  
	
   

  	
   

  
	
  Section 10.01  Authorization and Action

  	
   

  
	
  Section 10.02  Liability of Agent

  	
   

  
	
  Section 10.03  Rights of Agent as a Lender

  	
   

  
	
  Section 10.04  Independent Credit Decisions

  	
   

  
	
  Section 10.05  Indemnification

  	
   

  
	
  Section 10.06  Successor Agent

  	
   

  
	
  Section 10.07  Sharing of Payments, Etc

  	
   

  
	
  Section 10.08  Withholding Tax Matters

  	
   

  
	
  Section 10.09  Syndication Agents, Documentation Agents,
  Managing Agents or Co-Agents

  	
   

  
	
   

  	
   

  
	
  ARTICLE XI  MISCELLANEOUS

  	
   

  
	
   

  	
   

  
	
  Section 11.01  Amendments, Etc

  	
   

  
	
  Section 11.02  Notices, Etc

  	
   

  
	
  Section 11.03  No Waiver

  	
   

  
	
  Section 11.04  Costs, Expenses, and Taxes

  	
   

  
	
  Section 11.05  Integration

  	
   

  
	
  Section 11.06  Indemnity

  	
   

  
	
  Section 11.07  CHOICE OF LAW

  	
   

  
	
  Section 11.08  Severability of Provisions

  	
   

  
	
  Section 11.09  Counterparts

  	
   

  
	
  Section 11.10  Headings

  	
   

  
	
  Section 11.11  CONSENT TO JURISDICTION

  	
   

  
	
  Section 11.12  WAIVER OF JURY TRIAL

  	
   

  
	
  Section 11.13  Governmental Regulation

  	
   

  
	
  Section 11.14  No Fiduciary Duty

  	
   

  
	
  Section 11.15  Confidentiality

  	
   

  
	
  Section 11.16  USA Patriot Act Notification

  	
   

  
	
  Section 11.17  Register

  	
   

  
	
   

  	
   

  
	
  ARTICLE XII  BENEFIT OF AGREEMENT; ASSIGNMENTS;
  PARTICIPATIONS

  	
   

  
	
   

  	
   

  
	
  Section 12.01  Successors and Assigns

  	
   

  

 

iii

 

	
  Section 12.02  Assignments

  	
   

  
	
  Section 12.03  Participations

  	
   

  
	
  Section 12.04  Pledge to Federal Reserve Bank

  	
   

  

 

iv

 

LIST OF SCHEDULES AND
EXHIBITS

 

	
  Schedule

  	
   

  	
  Description

  	
   

  	
  Reference

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Schedule I

  	
   

  	
  Commitments

  	
   

  	
  2.01

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Schedule II

  	
   

  	
  Existing Letters of
  Credit

  	
   

  	
  Definition

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Schedule III

  	
   

  	
  Guarantors

  	
   

  	
  Definition

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Schedule 4.07

  	
   

  	
  Claims

  	
   

  	
  4.07

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Schedule 4.10

  	
   

  	
  Subsidiaries of
  Borrower

  	
   

  	
  4.10

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Schedule 4.14

  	
   

  	
  Environmental Matters

  	
   

  	
  4.10, 5.06, 5.10,
  8.01(10)

  

 

	
  Exhibit

  	
   

  	
  Description

  	
   

  	
  Reference

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Exhibit A

  	
   

  	
  Form of
  Guaranty

  	
   

  	
  Definition

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Exhibit B

  	
   

  	
  Form of
  Note

  	
   

  	
  Definition

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Exhibit C

  	
   

  	
  Commitment and
  Acceptance

  	
   

  	
  2.02.2(a)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Exhibit D

  	
   

  	
  Form of
  Certificate for Borrowings and Facility Letters of Credit

  	
   

  	
  2.23.3(iii),
  3.02

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Exhibit E

  	
   

  	
  Opinion of
  Borrower’s Delaware and Georgia Counsel

  	
   

  	
  3.01(5)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Exhibit F

  	
   

  	
  Opinion of
  Borrower’s Illinois Counsel

  	
   

  	
  3.01(5)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Exhibit G

  	
   

  	
  Assignment
  Agreement

  	
   

  	
  12.02(b)(ii)

  

 

v

 

CREDIT AGREEMENT dated as of August 22, 2005
among BEAZER HOMES USA, INC., a Delaware corporation (the “Borrower”), the
Lenders that are signatories hereto and JPMORGAN CHASE BANK, N.A. as Agent (the
“Agent”) for the Lenders and an Issuer (as hereinafter defined).

 

AGREEMENT

 

In consideration of the mutual covenants and
agreements hereinafter set forth, the parties hereto hereby agree as follows:

 

ARTICLE I

DEFINITIONS AND ACCOUNTING TERMS

 

Section 1.01  Defined Terms.  As used in this Agreement, the following
terms have the following meanings (terms defined in the singular shall have the
same meaning when used in the plural and vice versa):

 

“ABR Loan” means a Loan which bears interest at the Alternate Base
Rate.

 

“Acquisition” means any transaction, or any series of related
transactions, consummated on or after the date of this Agreement by which the
Borrower or any of its Subsidiaries (i) acquires any going concern or all
or substantially all of the assets of any Person or division thereof, whether
through purchase of assets, merger or otherwise or (ii) directly or
indirectly acquires (in one transaction or as the most recent transaction in a
series of transactions) at least a majority (in number of votes or by
percentage of voting power) of the Common Equity of another Person.

 

“Adjusted Land Value” means, as of any date, (i) the
book value of all Land, less (ii) the sum of (a) the book value of
Finished Lots that are subject to bona fide contracts of sale with
Persons that are not Affiliates and (b) the lesser of (1) the product
of (x) the number of Housing Units with respect to which the Borrower and its
Subsidiaries (including any company or other entity acquired in an Acquisition
by the Borrower or a Subsidiary as of such date) entered into bona fide
contracts of sale with Persons that are not Affiliates during the six-month
period ending on such date and (y) the average book value of all Finished Lots
as of such date and (2) forty percent (40%) of Consolidated Tangible Net
Worth as of such date.

 

“Adjusted LIBO Rate”
means, with respect to any Eurodollar Loan for any Interest Period, an interest
rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal
to (a) the LIBO Rate for such Interest Period multiplied by (b) the
Statutory Reserve Rate.

 

“Administrative
Questionnaire” means an Administrative Questionnaire in a form supplied by the Agent.

 

“Affected Lender” is defined in Section 2.21(a).

 

“Affiliate” means, with respect to any Person, any other
Person (1) which directly or indirectly controls, or is controlled by, or
is under common control with, such Person or a

 

1

 

Subsidiary of such Person;
(2) which directly or indirectly beneficially owns or holds five percent
(5%) or more of any class of voting equity interests of such Person or any
Subsidiary of such Person; or (3) five percent (5%) or more of the voting equity
interests of which is directly or indirectly beneficially owned or held by such
Person or a Subsidiary of such Person. 
The term “control” means the possession, directly or indirectly, of the
power to direct or cause the direction of the management and policies of a
Person, whether through the ownership of voting securities, by contract or
otherwise.

 

“Agent”
means JPMorgan Chase Bank, N.A.

 

“Agent’s
Fee Letter” means that certain fee letter dated July 7, 2005 from the
Agent and Arranger to the Borrower and accepted by the Borrower on July 7,
2005.

 

“Aggregate
Commitment” means, at any time, the aggregate Commitments of all the Lenders
initially in the amount of $750,000,000 as the same may be reduced or increased
from time to time pursuant to the terms of this Agreement.

 

“Agreement” means this Credit Agreement, as amended,
supplemented, or modified from time to time.

 

“Alternate
Base Rate” means, for any day, a
rate per annum equal to the greatest of (a) the Prime Rate in effect on
such day, (b) the Base CD Rate in effect on such day plus 1% and (c) the
Federal Funds Effective Rate in effect on such day plus 1⁄2 of 1%.  Any change in the Alternate Base Rate due to
a change in the Prime Rate, the Base CD Rate or the Federal Funds Effective
Rate shall be effective from and including the effective date of such change in
the Prime Rate, the Base CD Rate or the Federal Funds Effective Rate,
respectively.

 

“Applicable Commitment Rate” means, as at any date of
determination, the rate per annum indicated in Section 2.05 as then
applicable in the determination of the commitment fee (under Section 2.09).

 

“Applicable Eurodollar Margin” means, as at any date
of determination, the margin indicated in Section 2.05 as then applicable
to Eurodollar Loans (under Section 2.07(a)(ii)).

 

“Applicable Letter of Credit Rate” means, as at any
date of determination, a rate per annum equal to the Applicable Eurodollar
Margin.

 

“Approved Fund” means any Person (other than a
natural person) that is engaged in making, purchasing, holding or investing in
bank loans and similar extensions of credit in the ordinary course of its
business and that is administered or managed by (a) a Lender, (b) an
Affiliate of a Lender or (c) an entity or an Affiliate of an entity that
administers or manages a Lender.

 

“Arranger” means J.P. Morgan Securities Inc.

 

“Assessment Rate” means, for any
day, the annual assessment rate in effect on such day that is payable by a
member of the Bank Insurance Fund classified as “well-capitalized” and within
supervisory subgroup “B” (or a comparable successor risk classification)

 

2

 

within
the meaning of 12 C.F.R. Part 327 (or any successor provision) to the
Federal Deposit Insurance Corporation for insurance by such Corporation of time
deposits made in dollars at the offices of such member in the United States; provided that if, as a result of any change in any law, rule or
regulation, it is no longer possible to determine the Assessment Rate as
aforesaid, then the Assessment Rate shall be such annual rate as shall be
determined by the Agent to be representative of the cost of such insurance to
the Lenders.

 

“Assignment and Assumption”
is defined in Section 12.02(b)(ii).

 

“Base CD Rate” means the sum of (a) the Three-Month
Secondary CD Rate multiplied by the Statutory Reserve Rate plus (b) the
Assessment Rate.

 

“Board”
means the Board of Governors of the Federal Reserve System of the United States
of America.

 

“BMC” means Beazer Mortgage Corporation, a Delaware
corporation and Wholly-Owned Subsidiary of the Borrower.

 

“Borrowing” means a borrowing consisting of Loans of
the same type made, renewed or converted on the same day.

 

“Borrowing Base” means, with respect to an Inventory
Valuation Date for which it is to be determined, an amount equal to the sum of
the following unencumbered assets of the Borrower and the Guarantors: (i) the
lesser of (a) one hundred percent (100%) of the Unrestricted Cash and (b) $20,000,000.00,
(ii) one-hundred percent (100%) of the book value of Receivables, (iii) ninety
percent (90%) of the book value of Housing Units Under Contract, (iv) seventy-five
percent (75%) of the book value of Speculative Housing Units, (v) seventy
percent (70%) of the book value of Finished Lots, (vi) fifty percent (50%)
of the book value of Lots under Development (subject to the limitation set
forth below), and (vii) twenty-five percent (25%) of the book value of
Entitled Land (subject to the limitation set forth below).  Notwithstanding the foregoing, the Borrowing
Base shall not include any amounts under clauses (vi) and (vii) above
to the extent that the sum of such amounts exceeds forty percent (40%) of the
total Borrowing Base.  The term “unencumbered”
means that such asset is not subject to any Lien (except for Liens permitted
under Sections 6.01(1), (2) or (6)).

 

“Borrowing Base Certificate” means a written
certificate in a form acceptable to the Required Lenders setting forth the
amount of the Borrowing Base with respect to the calendar month most recently
completed, certified as true and correct by the Chief Financial Officer of the
Borrower.

 

“Borrowing Base Debt” means the sum of all Debt of the
Borrower and its Subsidiaries on a consolidated basis, excluding (i) Secured
Debt, (ii) Debt that is subordinated to the Obligations to the
satisfaction of the Required Lenders, (iii) Performance Letters of Credit
(to the extent not drawn upon), (iv) performance bonds (to the extent not
drawn upon) and (v) Debt of any Joint Venture.

 

“Business Day” means (i) with respect to any
Borrowing, payment or rate selection of Eurodollar Loans, a day (other than a
Saturday or Sunday) on which banks generally

 

3

 

are open in Chicago and
New York City for the conduct of substantially all of their commercial lending
activities and on which dealings in United States dollars are carried on in the
London interbank market and (ii) for all other purposes, a day (other than
a Saturday or Sunday) on which banks generally are open in Chicago and New York
City for the conduct of substantially all of their commercial lending
activities.

 

“Capital Lease” means all leases which have been or
should be capitalized on the books of the lessee in accordance with GAAP.

 

“Change of Control” means any of the following:  (i) the sale, lease, conveyance or other
disposition of all or substantially all of the assets of the Borrower or
(except for an Internal Reorganization) of a Significant Guarantor or
Significant Subsidiary, as an entirety or substantially as an entirety to any
Person or “group” (within the meaning of Section 13(d)(3) of the
Exchange Act) in one or a series of transactions; (ii) the acquisition by
any Person or group of fifty percent (50%) or more of the aggregate voting
power of all classes of Common Equity of the Borrower or (except for an
Internal Reorganization) of a Significant Guarantor or Significant Subsidiary
in one transaction or a series of related transactions; (iii) the
liquidation or dissolution of the Borrower or (except for an Internal
Reorganization) of a Significant Guarantor or Significant Subsidiary; (iv) any
transaction or a series of related transactions (as a result of a tender offer,
merger, consolidation or otherwise but excluding an Internal Reorganization)
that results in, or that is in connection with, (a) any Person or group
acquiring “beneficial ownership” (as defined in Rule 13d-3 under the
Exchange Act), directly or indirectly, of fifty percent (50%) or more of the
aggregate voting power of all classes of Common Equity of the Borrower, a
Significant Guarantor or a Significant Subsidiary, or of any Person or group
that possesses “beneficial ownership” (as defined in Rule 13d-3 under the
Exchange Act), directly or indirectly, of fifty percent (50%) or more of the
aggregate voting power of all classes of Common Equity of the Borrower, a
Significant Guarantor or a Significant Subsidiary, or (b) less than fifty
percent (50%) (measured by the aggregate voting power of all classes) of the
Common Equity of the Borrower being registered under Section 12(b) or
12(g) of the Exchange Act; (v) a majority of the Board of Directors
of the Borrower, a Significant Guarantor or a Significant Subsidiary, not being
comprised of persons who (a) were members of the Board of Directors of
such Borrower, Significant Guarantor or Significant Subsidiary, as of the date
of this Agreement (“Original Directors”), or (b) were nominated for
election or elected to the Board of Directors of such Borrower, Significant
Guarantor, or Significant Subsidiary, with the affirmative vote of at least a
majority of the directors who themselves were Original Directors or who were
similarly nominated for election or elected; or (vi) with respect to any
Significant Guarantor or Significant Subsidiary which is not a corporation, any
loss by the Borrower of the right or power directly, or indirectly through one
or more intermediaries, to control the activities of any such Significant
Guarantor or Significant Subsidiary. 
Nothing herein contained shall modify or otherwise affect the provisions
of Section 6.06.

 

“Closing Date” means the date on which the conditions
to the first advance of the Loans set forth in Article III are satisfied.

 

“Code” means the Internal Revenue Code of 1986, as
amended from time to time, and the regulations and published interpretations
thereof.

 

4

 

“Collateral Shortfall Amount” has the meaning assigned
to that term in Section 8.01.

 

“Commitment” means, for each of the Lenders, the
obligation of such Lender to make Loans and to purchase participations in
Facility Letters of Credit in the aggregate not exceeding the amount set forth
in Schedule I hereto as its “Commitment,” as such amount may be decreased
from time to time pursuant to the terms hereof or increased pursuant to Section 2.02.2;
provided, however, that the Commitment of a Lender may not be
increased without its prior written approval.

 

“Commitment and Acceptance” is defined in Section 2.02.2(a).

 

“Common Equity” of any Person means any and all
shares, rights to purchase, warrants or options (whether or not currently
exercisable), participations, or other equivalents of or interests in (however
designated) the equity (which includes, but is not limited to, common stock,
preferred stock and partnership and joint venture interests) of such Person
(excluding any debt securities convertible into, or exchangeable for, such
equity) to the extent that the foregoing is entitled to (i) vote in the
election of directors of such Person or (ii) if such Person is not a
corporation, vote or otherwise participate in the selection of the governing
body, partners, managers or other persons that will control the management and
policies of such Person.

 

“Commonly Controlled Entity” means an entity, whether
or not incorporated, which is under common control with the Borrower within the
meaning of Section 414(b) or 414(c) of the Code.

 

“Consolidated Debt” means the Debt of the Borrower and
its Subsidiaries determined on a consolidated basis (but shall not include Debt
of any Subsidiary which is not a Guarantor, except to the extent that such Debt
is guaranteed by the Borrower or a Guarantor).

 

“Consolidated Subordinated Debt” means, as of any
date, all Consolidated Debt, the payment of which is, either expressly by its
terms or otherwise, subordinated to payment of the Obligations to the
satisfaction of the Required Lenders.

 

“Consolidated Tangible Assets” of the Borrower means,
as of any date, the total amount of assets of the Borrower and its Subsidiaries
(less applicable reserves) on a consolidated basis at the end of the fiscal
quarter immediately preceding such date (or on such date if such date is the
last day of the fiscal quarter), as determined in accordance with GAAP, less (i) Intangible
Assets and (ii) appropriate adjustments on account of minority interests
of other Persons holding equity Investments in Subsidiaries, in the case of
each of clauses (i) and (ii) above, as would be reflected on a
consolidated balance sheet of the Borrower and its Subsidiaries as of the end
of the fiscal quarter immediately preceding such date (or on such date if such
date is the last day of the fiscal quarter), prepared in accordance with GAAP.

 

“Consolidated Tangible Net Worth” of the Borrower
means, at any date, the consolidated stockholders’ equity of the Borrower
determined in accordance with GAAP, less Intangible Assets, all determined as
of such date.

 

5

 

“Debt” means, without duplication, with respect to any
Person (1) indebtedness or liability for borrowed money, including,
without limitation, subordinated indebtedness (other than trade accounts
payable and accruals incurred in the ordinary course of business); (2) obligations
evidenced by bonds, debentures, notes, or other similar instruments; (3) obligations
for the deferred purchase price of property (including, without limitation,
seller financing of any Inventory) or services, provided, however,
that Debt shall not include obligations with respect to options to purchase
real property that have not been exercised; (4) obligations as lessee
under Capital Leases to the extent that the same would, in accordance with
GAAP, appear as liabilities in the Borrower’s consolidated balance sheet; (5) current
liabilities in respect of unfunded vested benefits under Plans and incurred
withdrawal liability under any Multiemployer Plan; (6) reimbursement
obligations under letters of credit (including contingent obligations with
respect to letters of credit not yet drawn upon); (7) obligations under
acceptance facilities; (8) all guaranties, endorsements (other than for
collection or deposit in the ordinary course of business), and other contingent
obligations to purchase, to provide funds for payment, to supply funds to
invest in any other Person or entity, or otherwise to assure a creditor against
loss, provided, however, that “Debt” shall not include guaranties of performance
obligations; (9) obligations secured by any Liens on any property of such
Person, whether or not the obligations have been assumed; (10) net
liabilities under interest rate swap, exchange or cap agreements (valued as the
termination value thereof, computed in accordance with a method approved by the
International Swaps and Derivatives Association and agreed to by such Person in
the applicable agreement); and (11) such Person’s pro rata share of the
obligations and liabilities (described in (1) through (10) above) of
any Joint Venture in which such Person holds an interest.

 

“Default” means any of the events specified in Section 8.01,
whether or not any requirement for the giving of notice, the lapse of time, or
both, or any other condition, has been satisfied.

 

“Dollars” and the sign “$” mean lawful money of the
United States of America.

 

“EBITDA” means, for any period, on a consolidated
basis for the Borrower and its Subsidiaries (other than those Subsidiaries that
are not Guarantors), the sum of the amounts for such period of (i) Net
Income (but excluding from such Net Income for the applicable period any income
derived from any Investment in a Joint Venture referred to in Section 6.07(10) to
the extent that such income exceeds the cash distributions thereof received by
the Borrower or its Subsidiaries (other than those Subsidiaries that are not
Guarantors) in such period), plus (ii) charges against income for
foreign, federal, state and local taxes, plus (iii) Interest
Expense, plus (iv) depreciation, plus (v) amortization
expense, including, without limitation, amortization of goodwill and other
intangible assets and amortization of deferred compensation expense, plus
(vi) extraordinary losses, minus (vii) interest income, minus
(viii) extraordinary gains (and any unusual gains arising in or outside of
the ordinary course of business not included in extraordinary gains that have
been included in the determination of such Net Income).

 

“Entitled Land” means all Lots that are neither Lots
under Development nor Finished Lots.

 

“ERISA” means the Employee Retirement Income Security
Act of 1974, as amended from time to time, and the regulations and published
interpretations thereof.

 

6

 

“Eurodollar Loan” means any Loan when and to the
extent that the interest rate therefor is determined by reference to the
Eurodollar Rate.

 

“Eurodollar Rate”
means, with respect to a Eurodollar Loan for the relevant Interest Period, the
sum of (a) the Adjusted LIBO Rate applicable to such Interest Period plus (b) the
Applicable Eurodollar Margin.

 

“Event of Default” means any of the events specified
in Section 8.01, provided that any requirement for the giving of notice,
the lapse of time, or both, or any other condition, has been satisfied.

 

“Exchange Act” means the Securities Exchange Act of
1934, as amended from time to time.

 

“Existing Letters of Credit” means those Letters of
Credit issued for the account of the Borrower prior to the date hereof and
listed on Schedule II hereto.

 

“Extension
Request” is defined in Section 2.19(a).

 

“Facility”
means the revolving credit and letter of credit facilities described in Section 2.01,
together with the Swing Line facility described in Section 2.22.

 

“Facility
Increase” is defined in Section 2.02.2(a).

 

“Facility Letter of Credit” means (a) each
Existing Letter of Credit and (b) any Letter of Credit issued by an Issuer
for the account of the Borrower in accordance with Section 2.23.

 

“Facility
Letter of Credit Collateral Account” is defined in Section 2.23.13.

 

“Facility Letter of Credit Fee” means a fee, payable
with respect to each Facility Letter of Credit issued by an Issuer, in an
amount per annum equal to the product of (i) the Applicable Letter of
Credit Rate (determined as of the date on which the quarterly installment of
such fee is due) and (ii) the undrawn outstanding amount of such Facility
Letter of Credit, which fee shall be calculated in the manner provided in Section 2.23.6.

 

“Facility Letter of Credit Obligations” means, at any
date, the sum of (i) the aggregate undrawn face amount of all outstanding
Facility Letters of Credit, and (ii) the aggregate amount paid by an
Issuer on any Facility Letters of Credit to the extent (if any) not reimbursed
by the Borrower or by the Lenders under Section 2.23.4.

 

“Facility Letter of Credit Sublimit” means $350,000,000.

 

“Federal Funds Effective Rate” means, for each day, a
fluctuating interest rate per annum equal to the weighted average of the rates
on overnight Federal Funds transactions with members of the Federal Reserve
System arranged by Federal Funds brokers, as published for such day (or, if
such day is not a Business Day, for the immediately preceding Business Day) by
the Federal Reserve Bank of New York, or, if such rate is not so published for
any day which is a

 

7

 

Business Day, the average
of the quotations at approximately 10:00 A.M. Chicago time on such day on
such transactions received by the Agent from three Federal Funds brokers of
recognized standing selected by the Agent in its sole discretion.

 

“Fifth Third Bank” means Fifth Third Bank, a Michigan
banking corporation.

 

“Financial Letter of Credit” means any Letter of
Credit of the Borrower or a Guarantor that is not a Performance Letter of
Credit.

 

“Finished Lots” means Lots in respect of which a
building permit, from the applicable local governmental authority, has been or
could be obtained; provided, however, that the term “Finished
Lots” shall not include any Land upon which the construction of a Housing Unit
has commenced.

 

“Fitch”
means Fitch, Inc.

 

“GAAP” means generally accepted accounting principles
in the United States in effect from time to time (subject to the provisions of Section 1.02).

 

“Guarantor” means (a) the Subsidiaries of
Borrower identified on Schedule III hereto and (b) any Person
that, pursuant to a Supplemental Guaranty, guarantees the Obligations.

 

“Guaranty” means (a) the guaranty of the
Obligations in the form attached hereto as Exhibit A or (b) a
Supplemental Guaranty.

 

“Housing Unit” means a single-family dwelling,
including the Land on which such dwelling is located, whether such dwelling is
detached or attached (including condominiums but excluding mobile homes), which
dwelling is either under construction or completed and is (or, upon completion
of construction thereof, will be) available for sale; the term “Housing Unit”
includes a Speculative Housing Unit.

 

“Housing Unit Closing” means a closing of the sale of
a Housing Unit by the Borrower or a Subsidiary (including any company or other
entity acquired in an Acquisition by the Borrower or a Subsidiary) to a bona
fide purchaser for value that is not an Affiliate.

 

“Housing Unit Under Contract” means a Housing Unit
owned by the Borrower or a Subsidiary as to which the Borrower or such
Subsidiary has a bona  fide contract of sale, in a form
customarily employed by the Borrower or such Subsidiary and reasonably
satisfactory to the Agent, entered into not more than 15 months prior to the
date of determination with a Person who is not an Affiliate, under which
contract no defaults then exist and not less than $1,000.00 toward the purchase
price has been paid; provided, however, that in the case of any
Housing Unit the purchase of which is to be financed in whole or in part by a
loan insured by the Federal Housing Administration or guaranteed by the
Veterans Administration, the required minimum down payment shall be the amount
(if any) required under the rules of the relevant agency.

 

“Incur” means to, directly or indirectly, create,
incur, assume, guarantee, extend the maturity of or otherwise become liable
with respect to any Debt; provided, however, that

 

8

 

neither the accrual of
interest (whether such interest is payable in cash or kind) nor the accretion
of original issue discount shall be considered an Incurrence of Debt.

 

“Intangible Assets” means, at any time, the amount (to
the extent reflected in determining consolidated stockholders equity of the
Borrower and its Subsidiaries) of (i) Investments in any Subsidiaries that
are not Guarantors and (ii) all unamortized debt discount and expense,
unamortized deferred charges, good will, patents, trademarks, service marks,
trade names, copyrights and all other items which would be treated as
intangibles on a consolidated balance sheet of the Borrower and its
Subsidiaries prepared in accordance with GAAP.

 

“Interest Coverage Ratio” means, for any period, the
ratio of (a) EBITDA to (b) the sum (on a consolidated basis for the
Borrower and its Subsidiaries) of all interest incurred, including capitalized
interest.

 

“Interest Deficit” is defined in Section 2.08(b).

 

“Interest Expense” means, for any period, the total
interest expense of the Borrower and its Subsidiaries (other than those
Subsidiaries that are not Guarantors), whether paid directly or amortized
through cost of sales (including the interest component of Capital
Leases).  Notwithstanding that GAAP may
otherwise provide, the Borrower shall not be required to include in Interest
Expense the amount of any premium paid to prepay Debt.

 

“Interest
Period” means, with respect to any Eurodollar Loan, the period
commencing on the date of such Eurodollar Loan and ending on the numerically
corresponding day in the calendar month that is one, two, three or six months
thereafter, as the Borrower may elect; provided,
that (i) if any Interest Period would end on a day other than a Business
Day, such Interest Period shall be extended to the next succeeding Business Day
unless, in the case of a Eurodollar Loan only, such next succeeding Business
Day would fall in the next calendar month, in which case such Interest Period
shall end on the next preceding Business Day and (ii) any Interest Period
pertaining to a Eurodollar Loan that commences on the last Business Day of a
calendar month (or on a day for which there is no numerically corresponding day
in the last calendar month of such Interest Period) shall end on the last
Business Day of the last calendar month of such Interest Period.  For purposes hereof, the date of a Eurodollar
Loan initially shall be the date on which such Eurodollar Loan is made and
thereafter shall be the effective date of the most recent conversion or
continuation of such Eurodollar Loan.

 

“Internal Reorganization” means any reorganization
between or among the Borrower and any Subsidiary or Subsidiaries or between or
among any Subsidiary and one or more other Subsidiaries or any combination
thereof by way of liquidations, mergers, consolidations, conveyances,
assignments, sales, transfers and other dispositions of all or substantially
all of the assets of a Subsidiary (whether in one transaction or in a series of
transactions); provided  that (a) the Borrower shall preserve
and maintain its status as a validly existing corporation and (b) all
assets, liabilities, obligations and guarantees of any Subsidiary party to such
reorganization will continue to be held by such Subsidiary or be assumed by the
Borrower or a Wholly-Owned Subsidiary of the Borrower.

 

9

 

“Inventory” means all Housing Units, Lots, goods,
merchandise and other personal property wherever located to be used for or
incorporated into any Housing Unit.

 

“Inventory Valuation Date” means the last day of the
most recent calendar month of the Borrower with respect to which the Borrower
is required to have delivered a Borrowing Base Certificate pursuant to Section 5.08(6).

 

“Investment” has the meaning provided therefor in Section 6.07.  The amount of any Investment shall include (a) in
the case of any loan or advance, the outstanding amount of such loan or advance
and (b) in the case of any equity Investment, the amount of the “net
equity investment” as determined in accordance with GAAP.

 

“Issuance Date” means the date on which a Facility
Letter of Credit is issued, amended or extended.

 

“Issuer”
means, with respect to each Existing Letter of Credit, the Issuer thereof
identified in Schedule II, and with respect to each Facility Letter
of Credit issued on or after the Closing Date, JPMorgan Chase Bank, PNC Bank, National
Association, SunTrust Bank, Fifth Third Bank, Wachovia Bank, National
Association, or such other Lender selected by the Borrower with the approval of
the Agent, to issue such Facility Letter of Credit, provided such other
Lender consents to act in such capacity. 
For purposes of this Agreement and the other Loan Documents, Facility
Letters of Credit issued by Fifth Third Bank, an Ohio banking corporation shall
be deemed issued by its Affiliate, Fifth Third Bank (a Lender hereunder).

 

“Joint Venture” means any Person (other than a
Subsidiary) in which the Borrower or a Subsidiary holds any stock, partnership
interest, joint venture interest, limited liability company interest or other
equity interest.

 

“JPMorgan Chase Bank” means JPMorgan Chase Bank, N.A.

 

“Land” means land owned by the Borrower or a
Subsidiary, which land is being developed or is held for future development or
sale.

 

“Lenders”
means each of the Persons listed on Schedule I and any other Person
that shall have become a party hereto pursuant to a Commitment and Acceptance
or pursuant to an Assignment and Assumption, other than any such Person that
ceases to be a party hereto pursuant to an Assignment and Assumption

 

“Lending Office” means, with respect to any Lender,
the Lending Office of such Lender (or of an affiliate of such Bank) heretofore
designated in writing by such Lender to the Agent or such other office or
branch of such Lender (or of an affiliate of such Lender) as that Lender may
from time to time specify to the Borrower and the Agent as the office or branch
at which its Loans (or Loans of a type designated in such notice) are to be
made and maintained.

 

“Letter of Credit” of a Person means a letter of
credit or similar instrument which is issued by a financial institution upon
the application of such Person or upon which such Person is an account party or
for which such Person is in any way liable.

 

10

 

“Leverage Ratio” means, as of any date, the ratio of
Consolidated Debt to Consolidated Tangible Net Worth.  For purposes of calculating the Leverage
Ratio as of any date, the stockholders’ equity of any Subsidiaries that are not
Guarantors shall be excluded from Consolidated Tangible Net Worth as of such
date.

 

“LIBO
Rate” means, with respect to any Eurodollar Loan for any Interest
Period, the rate appearing on Telerate Page 3750 (formerly the Dow Jones
Market Service), or on any successor or substitute page of such service,
or any successor to or substitute for such service, providing rate quotations
comparable to those currently provided on such page of such service, as
determined by the Agent from time to time for purposes of providing quotations
of interest rates applicable to dollar deposits in the London interbank market,
at approximately 11:00 a.m., London time, two Business Days prior to the
commencement of such Interest Period, as the rate for dollar deposits with a
maturity comparable to such Interest Period. 
In the event that such rate is not available at such time for any
reason, then the “LIBO Rate” with respect to such
Eurodollar Loan for such Interest Period shall be the rate at which dollar
deposits of $5,000,000 and for a maturity comparable to such Interest Period
are offered by the principal London office of the Agent in immediately
available funds in the London interbank market at approximately 11:00 a.m.,
London time, two Business Days prior to the commencement of such Interest
Period.

 

“Lien” means any mortgage, deed of trust, pledge,
security interest, hypothecation, assignment, deposit arrangement, encumbrance,
lien (statutory or other), or preference, priority, or other security agreement
or preferential arrangement, charge, or encumbrance of any kind or nature
whatsoever (including, without limitation, any conditional sale or other title
retention agreement, any financing lease having substantially the same economic
effect as any of the foregoing, and the filing of any financing statement under
the Uniform Commercial Code or comparable law of any jurisdiction to evidence
any of the foregoing).

 

“Loan”
means, with respect to a Lender, a Loan made by such Lender pursuant to Section 2.01.1
and any conversion or continuation thereof and, unless the context otherwise
indicates, shall include Swing Loans made pursuant to Section 2.22.

 

“Loan Document(s)” means this Agreement, the Notes,
the Guaranties, the Reimbursement Agreements, and any and all documents
delivered hereunder or pursuant hereto.

 

“Lots” means all Land owned by the Borrower and/or a
Subsidiary which is zoned by the municipality in which such real property is
located for residential building and use, and with respect to which the
Borrower or such Subsidiary has obtained all necessary approvals for its
subdivision for Housing Units; provided, however, that the term “Lots”
shall not include any Land upon which the construction of a Housing Unit has
commenced.

 

“Lots under Development” means Lots with respect to
which construction of streets or other subdivision improvements has commenced
but which are not Finished Lots.

 

“Minimum
Consolidated Tangible Net Worth” has the meaning assigned to that term in Section 7.01.

 

“Moody’s”
means Moody’s Investors Service, Inc.

 

11

 

“Multiemployer Plan” means a plan described in Section 4001(a)(3) of
ERISA in respect of which the Borrower, a Subsidiary or a Commonly Controlled
Entity is an “employer” as defined in Section 3(5) of ERISA.

 

“Net Income” means, for any period, the net earnings
(or loss) after taxes of the Borrower and its Subsidiaries on a consolidated
basis for such period.

 

“New Lender” means a Lender or other entity (in each
case approved by the Agent, which approval shall not be unreasonably withheld)
that elects, upon request by Borrower, to issue a Commitment or, in the case of
an existing Lender, to increase its existing Commitment, pursuant to Section 2.02.2.

 

“Note”
means a promissory note in substantially the form of Exhibit B
hereto, executed and delivered by the Borrower payable to the order of a Lender
in the amount of its Commitment, including any amendment, modification,
restatement, renewal or replacement of such promissory note.

 

“Obligations”
means (a) the due and punctual payment of principal of and interest on the
Loans and the Notes, (b) the due and punctual payment of the Facility
Letter of Credit Obligations, and (c) the due and punctual payment of
fees, expenses, reimbursements, indemnifications and other present and future
monetary obligations of the Borrower and each Guarantor to the Lenders or to
any Lender, the Agent, any Issuer or any indemnified party under the Loan
Documents.

 

“Original Credit Agreement” means that certain Amended
and Restated Credit Agreement dated May 28, 2004 among Borrower, Bank One,
NA (to which JPMorgan Chase Bank is successor by merger) and the lenders party
thereto.

 

“Participant” is defined in Section 12.03.

 

“PBGC” means the Pension Benefit Guaranty Corporation
or any entity succeeding to any or all of its functions under ERISA.

 

“Performance Letter of Credit” means any Letter of
Credit of the Borrower or a Guarantor that is issued for the benefit of a
municipality, other governmental authority, utility, water or sewer authority,
or other similar entity for the purpose of assuring such beneficiary of the
Letter of Credit of the proper and timely completion of construction work.

 

“Permitted Acquisition” means any Acquisition (other
than by means of a hostile takeover, hostile tender offer or other similar
hostile transaction) of a business or entity engaged primarily in the business
of home building; provided that, immediately before and after giving effect to
such Acquisition, no Default or Event of Default has occurred and is
continuing.

 

“Person” means an individual, partnership,
corporation, business trust, joint stock company, trust, limited liability
company, unincorporated association, joint venture, governmental authority, or
other entity of whatever nature.

 

12

 

“Plan” means any pension plan which is covered by
Title IV of ERISA and in respect of which (a) the Borrower or a Subsidiary
or a Commonly Controlled Entity is an “employer” as defined in Section 3(5) of
ERISA and (b) the Borrower or a Subsidiary has any material liability; provided,
however, that the term “Plan” shall not include any Multiemployer Plan.

 

“Prime Rate” means the rate of interest per
annum publicly announced from time to time by JPMorgan Chase Bank as its prime
rate in effect at its principal office in New York City; each change in the
Prime Rate shall be effective from and including the date such change is
publicly announced as being effective.

 

“Prohibited Transaction” means any transaction set
forth in Section 406 of ERISA or Section 4975 of the Code that could
subject the Borrower or any Subsidiary to any material liability.

 

“Pro
Rata Share” means, at any time for any Lender, the ratio that such Lender’s
Commitment bears to the Aggregate Commitment; provided, however,
that if the Aggregate Commitment has terminated or been terminated in full, the
Pro Rata Share shall be the ratio that (x) the sum of such Lender’s outstanding
Loans and Facility Letter of Credit Obligations bears to (y) the sum of all
outstanding Loans and Facility Letter of Credit Obligations; and provided,
further, that this definition is subject to the provisions of Section 2.02.2(c) (if
and when applicable).

 

“Quarterly Payment Date” means October 1, 2005
and the first day of each January, April, July and October thereafter.

 

“Ratings” is defined in Section 2.05(a).

 

“Receivables” means the net proceeds payable to, but
not yet received by, the Borrower or a Subsidiary following a Housing Unit
Closing.

 

“Refinancing Debt” means Debt that refunds, refinances
or extends any applicable Debt (“Refinanced Debt”) but only to the extent that (i) the
Refinancing Debt is subordinated to or pari passu with the Obligations
to the same extent as such Refinanced Debt, if at all, (ii) such
Refinancing Debt is in an aggregate amount that is equal to or less than the
sum of (A) the aggregate amount then outstanding under the Refinanced
Debt, plus (B) accrued and unpaid interest on such Refinanced Debt,
plus (C) reasonable fees and expenses incurred in obtaining such
Refinancing Debt, it being understood that this clause (ii) shall not
preclude the Refinancing Debt from being a part of a Debt financing that
includes other or additional Debt otherwise permitted herein, (iii) such
Refinancing Debt is Incurred by the same Person that initially Incurred such
Refinanced Debt or by another Person of which the Person that initially
Incurred such Refinanced Debt is a Subsidiary, and (iv) such Refinancing
Debt is Incurred within 60 days after such Refinanced Debt is so refunded,
refinanced or extended.

 

“Register” is defined in Section 11.17.

 

“Regulation D” means Regulation D of the Board of
Governors of the Federal Reserve System as from time to time in effect and any
successor thereto or other regulation or

 

13

 

official interpretation of said Board of Governors
relating to reserve requirements applicable to member banks of the Federal
Reserve System.

 

“Regulation U” means Regulation U of the Board of
Governors of the Federal Reserve System as from time to time in effect and any
successor or other regulation or official interpretation of said Board of
Governors relating to the extension of credit by banks for the purpose of
purchasing or carrying margin stocks applicable to member banks of the Federal
Reserve System.

 

“Regulation X” means Regulation X of the Board of
Governors of the Federal Reserve System as from time to time in effect and any
successor or other regulation or official interpretation of said Board of
Governors relating to the extension of credit by foreign lenders for the
purpose of purchasing or carrying margin stock (as defined therein).

 

“Reimbursement Agreement” means, with respect to a
Facility Letter of Credit, such form of application therefor and form of
reimbursement agreement therefor (whether in a single or several documents,
taken together) as the applicable Issuer may employ in the ordinary course of
business for its own account, with the modifications thereto as may be agreed
upon by such Issuer and the Borrower and as are not materially adverse (in the
reasonable judgment of such Issuer and the Agent) to the interests of the
Lenders; provided, however, in the event of any conflict between
the terms of any Reimbursement Agreement and this Agreement, the terms of this Agreement
shall control.

 

“Rejecting Lender” is defined in Section 2.19(a).

 

“Rejecting Lender’s Termination Date” is defined in Section 2.19(a).

 

“Replacement
Lender” is defined in Section 2.21.

 

“Reportable Event” means any of the events set forth
in Section 4043 of ERISA with respect to a Plan (excluding any such event
with respect to which the PBGC has waived the 30-day notice requirement).

 

“Required
Lenders” means Lenders whose Pro Rata Shares are equal to or greater than 66-2/3%.

 

“S&P”
means Standard & Poor’s Rating Services.

 

“Secured Debt” means all Debt of the Borrower or any
of its Subsidiaries (excluding Debt owing to the Borrower or any of its
Subsidiaries) that is secured by a Lien on assets of the Borrower or any of its
Subsidiaries.

 

“Senior Debt” means the Senior Notes or, if the Senior
Notes are refinanced, the Refinancing Debt with respect thereto.

 

“Senior Indentures” means the Indentures and
Supplemental Indentures identified in the definition of the term “Senior Notes”
and any other Indenture hereafter entered into by the

 

14

 

Borrower pursuant to
which the Borrower Incurs any Refinancing Debt with respect to any of the
Senior Notes.

 

“Senior Notes” means (i) the 8-3/8% Senior Notes
due 2012 of the Borrower issued in the original principal amount of
$350,000,000, pursuant to the Indenture dated April 17, 2002 and First
Supplemental Indenture dated April 17, 2002, (ii) the 8-5/8% Senior
Notes due 2011 of the Borrower issued in the original principal amount of
$200,000,000 pursuant to the Indenture dated May 21, 2001, (iii) the
61⁄2% Senior Notes due 2013 of the Borrower issued in the original principal
amount of $200,000,000 pursuant to the Indenture dated April 17, 2002 and
Second Supplemental Indenture dated November 13, 2003, (iv) the 4-5/8%
Convertible Senior Notes due 2024 of the Borrower issued in the original
principal amount of $180,000,000 pursuant to the Indenture dated June 8,
2004 and (v) the 6-7/8% Senior Notes due 2015 of the Borrower issued in
the original principal amount of $350,000,000 pursuant to the Indenture dated April 17,
2002 and Fifth Supplemental Indenture dated June 8, 2005.

 

“Significant Guarantor” means, at any date of
determination thereof, any Guarantor that (together with its Subsidiaries)
accounts for five percent (5%) or more of the Consolidated Tangible Assets as
of the last day of the most recent fiscal quarter then ended and five percent
(5%) or more of the consolidated net revenues for the twelve-month period ending
on the last day of the most recent fiscal quarter then ended, in each case of
the Borrower and its Subsidiaries taken as a whole.  Such percentage shall be determined on the
basis of financial reports that shall be available not later than 25 days (or,
in the case of the last fiscal quarter of the fiscal year, 35 days) following
the end of such fiscal quarter.

 

“Significant Subsidiary” means, at any date of
determination thereof, any Subsidiary that (together with its Subsidiaries)
accounts for five percent (5%) or more of the Consolidated Tangible Assets as
of the last day of the most recent fiscal quarter then ended and five percent
(5%) or more of the consolidated net revenues for the twelve-month period
ending on the last day of the most recent fiscal quarter then ended, in each
case of the Borrower and its Subsidiaries taken as a whole.  Such percentage shall be determined on the
basis of financial reports that shall be available not later than 25 days (or,
in the case of the last fiscal quarter of the fiscal year, 35 days) following
the end of such fiscal quarter.

 

“Speculative Housing Unit” means any Housing Unit
owned by the Borrower or a Subsidiary that is not a Housing Unit Under
Contract.

 

“Statutory
Reserve Rate” means a fraction (expressed as a decimal), the numerator
of which is the number one and the denominator of which is the number one minus
the aggregate of the maximum reserve percentages (including any marginal,
special, emergency or supplemental reserves) expressed as a decimal established
by the Board to which the Agent is subject (a) with respect to the Base CD
Rate, for new negotiable nonpersonal time deposits in dollars of over $100,000
with maturities approximately equal to three months and (b) with respect
to the Adjusted LIBO Rate, for eurocurrency funding (currently referred to as “Eurocurrency
Liabilities” in Regulation D of the Board). 
Such reserve percentages shall include those imposed pursuant to such
Regulation D.  Eurodollar Loans shall be
deemed to constitute eurocurrency funding and to be subject to such reserve
requirements without benefit of or credit for proration, exemptions or offsets
that may be available from time to time to any

 

15

 

Lender
under such Regulation D or any comparable regulation.  The Statutory Reserve Rate shall be adjusted
automatically on and as of the effective date of any change in any reserve
percentage.

 

“Subsidiary” means, as to the Borrower or a Guarantor,
in the case of a corporation, a corporation of which shares of stock having
ordinary voting power (other than stock having such power only by reason of the
happening of a contingency) to elect a majority of the board of directors or
other managers of such corporation are at the time owned, or the management of
which is otherwise controlled, directly, or indirectly through one or more
intermediaries, or both, by the Borrower or such Guarantor, as the case may be,
or in the case of an entity which is not a corporation, the activities of which
are controlled directly, or indirectly through one or more intermediaries, or
both, by the Borrower or such Guarantor, as the case may be.

 

“Supplemental Guaranty” means a Supplemental Guaranty
in the form provided for in, and attached to, the form of Guaranty attached
hereto as Exhibit A.

 

“Swing Line Commitment” means the commitment of the
Swing Line Lender to make Swing Line Loans pursuant to Section 2.22(a).  The Swing Line Commitment is in the amount of
$50,000,000.

 

“Swing Line Lender” means JPMorgan Chase Bank or any assignee
to which JPMorgan Chase Bank assigns the Swing Line Commitment in accordance
with Section 12.02.

 

“Swing Line Loan” is defined in Section 2.22(a).

 

“Taxes” means any and all present or future taxes,
duties, levies, imposts, deductions, charges or withholdings, and any and all
liabilities with respect to the foregoing, imposed by the United States. but
excluding, in the case of each Lender or applicable Lending Office, the Issuer
and the Agent, (a) taxes imposed on or measured by its overall net income,
and franchise taxes imposed on it, by (i) the jurisdiction under the laws
of which such Lender, the Issuer or the Agent is incorporated or organized or (ii) the
jurisdiction in which the Agent’s, Issuer’s or such Lender’s principal executive
office or such Lender’s applicable Lending Office is located and (b) taxes
that are in effect and would apply at the time such Person becomes a Lender,
Issuer or Agent hereunder.

 

“Termination
Date” means August 21, 2009, subject, however, to earlier termination in
whole of the Aggregate Commitment pursuant to the terms of this Agreement and
to extension of such date as provided in Section 2.19.

 

“Three-Month Secondary CD Rate”
means, for any day, the secondary market rate for three-month certificates of
deposit reported as being in effect on such day (or, if such day is not a
Business Day, the next preceding Business Day) by the Board through the public
information telephone line of the Federal Reserve Bank of New York (which rate
will, under the current practices of the Board, be published in Federal Reserve
Statistical Release H.15(519) during the week following such day) or, if such
rate is not so reported on such day or such next preceding Business Day, the
average of the secondary market quotations for three-month certificates of
deposit of major money center banks in New York City received at approximately

 

16

 

10:00 a.m.,
New York City time, on such day (or, if such day is not a Business Day, on the
next preceding Business Day) by the Agent from three negotiable certificate of
deposit dealers of recognized standing selected by it.

 

“Title Companies” means Security Title Insurance
Company, a Vermont corporation, Beazer Title Agency of Arizona, LLC, an Arizona
limited liability company, and Beazer Title Agency of Nevada, LLC, a Nevada limited
liability company, each of which is a Wholly-Owned Subsidiary of Borrower.

 

“UHIC”
means United Homes Insurance Corporation, a Vermont corporation and
Wholly-Owned Subsidiary of the Borrower.

 

“Unrestricted Cash” of a Person means the cash of such
Person that would not be identified as “restricted” on a balance sheet of such
Person prepared in accordance with GAAP.

 

“Wholly-Owned Subsidiary” of any Person means (i) a
Subsidiary, of which one hundred percent (100%) of the outstanding Common
Equity (except for directors’ qualifying shares or certain minority interests
owned by other Persons solely due to local law requirements that there be more
than one stockholder, but which interest is not in excess of what is required
for such purpose) is owned directly by such Person or through one or more other
Wholly-Owned Subsidiaries of such Person, or (ii) any entity other than a
corporation in which such Person, directly or indirectly, owns all of the
outstanding Common Equity of such entity.

 

Section 1.02  Accounting Terms.  (a) All accounting terms not
specifically defined herein shall be construed in accordance with GAAP
consistent with those applied in the preparation of the financial statements
referred to in Section 4.04, and all financial data submitted pursuant to
this Agreement shall be prepared in accordance with such principles.

 

(b)                                 Notwithstanding anything to the contrary
contained in this Agreement, in determining the Borrower’s compliance with the
provisions of Article VII hereof, GAAP shall not include modifications of
generally accepted accounting principles that become effective after the date
hereof.

 

ARTICLE II

AMOUNTS AND TERMS OF THE LOANS

 

Section 2.01 
The Facility.

 

Section 2.01.1  Revolving Credit Facility.  (a) On and after the Closing Date and
prior to the Termination Date, upon the terms and conditions set forth in this
Agreement and in reliance upon the representations and warranties of the
Borrower herein set forth, each Lender severally agrees to make Loans to the
Borrower, provided that (i) in no event may the aggregate principal
amount of all outstanding Loans (including, in the case of the Swing Line
Lender, outstanding Swing Line Loans) and the Facility Letter of Credit
Obligations of any Lender exceed its Commitment, and (ii) in no event may
the sum of the aggregate principal amount of all outstanding Loans, (including
all outstanding Swing Line Loans) and the Facility Letter of Credit Obligations
exceed the Aggregate Commitment.

 

17

 

(b)                                 On
and after the Closing Date and prior to the Termination Date, each Lender
severally agrees, on the terms and conditions set forth in this Agreement and
in reliance upon the representations and warranties of Borrower herein set
forth, to participate in Facility Letters of Credit issued pursuant to Section 2.23
for the account of the Borrower, provided that
(i) in no event may the aggregate principal amount of all outstanding
Loans and Facility Letter of Credit Obligations of any Lender exceed its
Commitment and (ii) in no event may the aggregate amount of all Facility
Letter of Credit Obligations exceed the lesser of (A) the Facility Letter
of Credit Sublimit and (B) an amount equal to the Aggregate Commitment
minus the sum of all outstanding Loans (including all outstanding Swing Line
Loans).

 

(c)                                  Loans
hereunder (other than Swing Line Loans) shall be made ratably by the several
Lenders in accordance with their respective Pro Rata Shares.  Participations in Facility Letters of Credit
hereunder shall be ratable among the several Lenders in accordance with their
respective Pro Rata Shares.

 

(d)                                 All
Obligations shall be due and payable by the Borrower on the Termination Date
unless such Obligations shall sooner become due and payable pursuant to Section 8.01
or as otherwise provided in this Agreement.

 

(e)                                  Each
Borrowing which shall not utilize the Aggregate Commitment in full shall be in
an amount not less than One Million Dollars ($1,000,000) in the case of a
Borrowing consisting of Eurodollar Loans and Five Hundred Thousand Dollars
($500,000) in the case of a Borrowing consisting of ABR Loans and, in either
case, if in excess of the specified amount, in integral multiples of One
Hundred Thousand Dollars ($100,000). 
Each Borrowing shall consist of a Loan made by each Lender in the
proportion of its Pro Rata Share.  Within
the limits of the Aggregate Commitment, the Borrower may borrow, repay pursuant
to Section 2.11, and reborrow Loans under this Section 2.01. On such
terms and conditions, the Loans may be outstanding as ABR Loans or Eurodollar Loans.  Each type of Loan shall be made and
maintained at the applicable Lender’s Lending Office for such type of
Loan.  The failure of any Lender to make
any requested Loan to be made by it on the date specified for such Loan shall
not relieve any other Lender of its obligation (if any) to make such Loan on
such date, but no Lender shall be responsible for the failure of any other
Lender to make such Loan to be made by such other Lender.  The provisions of this Section 2.01.1(e) shall
not apply to Swing Line Loans.

 

Section 2.01.2  Borrowing Base.  At any time at which the Borrower’s senior
unsecured long-term debt does not have a rating of BBB- or higher from S&P
or Baa3 or higher from Moody’s, (a) the aggregate amount of Borrowing Base
Debt at any one time outstanding may not exceed the Borrowing Base as of the
most recent Inventory Valuation Date, and (b) no Loan shall be made, and
no Facility Letter of Credit shall be issued or amended, that would have the
effect of increasing the then outstanding amount of the Borrowing Base Debt to
an amount exceeding such Borrowing Base, provided that a Loan shall not be
deemed to have increased the amount of the Borrowing Base Debt to the extent
that the proceeds of such Loan are immediately used to repay a Swing Line Loan
theretofore included in the Borrowing Base Debt.

 

Section 2.01.3  Swing Line Loans.  No Loan shall be made at any time that any
Swing Line Loan is outstanding, except for Loans that are used, on the day on
which made, to repay in full the outstanding principal balance of the Swing
Line Loans.

 

18

 

Section 2.02  Reductions of and Increases in Aggregate
Commitment.

 

Section 2.02.1  Reduction of Aggregate Commitment.  The Borrower shall have the right, upon at
least three (3) Business Days’ prior notice to the Agent, to terminate in
whole or reduce in part the unused portion of the Aggregate Commitment, provided
that each partial reduction shall be in the amount of at least Five Million
Dollars ($5,000,000), and provided  further that no reduction
shall be permitted if, after giving effect thereto, and to any prepayment made
therewith, the sum of (i) the outstanding and unpaid principal amount of
the Loans and (ii) the Facility Letter of Credit Obligations shall exceed
the Aggregate Commitment.  Each reduction
in part of the unused portion of each Lender’s Commitment shall be made in the
proportion that such Commitment bears to the total amount of the Aggregate
Commitment.  Any Commitment, once reduced
or terminated, may not be reinstated (except as otherwise provided in Section 8.01(v))
and may not be increased (except in accordance with Section 2.02.2).

 

Section 2.02.2  Increase in Aggregate Commitment.

 

(a)                                  Request for Facility Increase.  The Borrower may, at any time and from time
to time, request, by notice to the Agent, the Agent’s approval of an increase
of the Aggregate Commitment (a “Facility Increase”) within the limitations
hereafter described, which request shall set forth the amount of each such
requested Facility Increase.  Within
twenty (20) days of such request, the Agent shall advise the Borrower of its approval
or disapproval of such request; failure to so advise the Borrower shall
constitute disapproval. If the Agent approves any such Facility Increase, then
the Aggregate Commitment may be increased (up to the amount of such approved
Facility Increase, in the aggregate) by having one or more New Lenders increase
the amount of their then existing Commitments or become Lenders, subject to and
in accordance with this provisions of this Section 2.02.2.  Any Facility Increase shall be subject to the
following limitations and conditions:  (i) any
increase (in the aggregate) in the Aggregate Commitment, any increase in any
Commitment and any new Commitment shall (unless otherwise agreed to by the
Borrower and the Agent) not be less than $5,000,000 (and (unless otherwise
agreed to by the Borrower and the Agent) shall be in integral multiples of
$1,000,000 if in excess thereof); (ii) no Facility Increase pursuant to
this Section 2.02.2 shall increase the Aggregate Commitment to an amount
in excess of $1,000,000,000; (iii) the Borrower and each New Lender shall
have executed and delivered a commitment and acceptance (the “Commitment and
Acceptance”) substantially in the form of Exhibit C hereto, and the
Agent shall have accepted and executed the same; (iv) the Borrower shall
have executed and delivered to the Agent such Note or Notes as the Agent shall
require to reflect such Facility Increase; (v) the Borrower shall have
delivered to the Agent opinions of counsel (substantially similar to the forms
of opinions provided for in Section 3.01(6), modified to apply to the
Facility Increase and each Note and Commitment and Acceptance executed and
delivered in connection therewith); (vi) the Guarantors shall have
consented in writing to the Facility Increase and shall have agreed that their Guaranties
continue in full force and effect; and (vii) the Borrower and each New
Lender shall otherwise have executed and delivered such other instruments and
documents as the Agent shall have reasonably requested in connection with such
Facility Increase.  The form and
substance of the documents required under clauses (iii) through (vii) above
shall be fully acceptable to the Agent. 
The Agent shall provide written notice to all of the Lenders hereunder
of any Facility Increase.

 

19

 

(b)                                 New Lenders’ Loans and Participation in Facility
Letters of Credit.  Upon
the effective date of any increase in the Aggregate Commitment pursuant to the
provisions hereof (the “Increase Date”), which Increase Date shall be mutually
agreed upon by the Borrower, each New Lender and the Agent, (i) such New
Lender shall be deemed to have irrevocably and unconditionally purchased and
received, without recourse or warranty from the Lenders, an undivided interest
and participation in any Facility Letter of Credit then outstanding, ratably,
such that each Lender (including each New Lender) holds a participation
interest in each such Facility Letter of Credit in the amount of its then Pro
Rata Share thereof; (ii) on such Increase Date, the Borrower shall repay
all outstanding ABR Loans and reborrow an ABR Loan in a like amount from the
Lenders (including the New Lender); (iii) such New Lender shall not
participate in any then outstanding Loan that is a Eurodollar Loan; (iv) if
the Borrower shall at any time on or after such Increase Date convert or
continue any Loan that is a Eurodollar Loan that was outstanding on such
Increase Date, the Borrower shall be deemed to repay such Loan on the date of
the conversion or continuation thereof and then to reborrow as a Loan a like
amount on such date so that the New Lender shall make a Loan on such date in
the amount of its Pro Rata Share of such Borrowing; and (v) such New
Lender shall make its Pro Rata Share of all Loans made on or after such Increase
Date (including those referred to in clauses (ii) and (iv) above) and
shall otherwise have all of the rights and obligations of a Lender hereunder on
and after such Increase Date. 
Notwithstanding the foregoing, upon the occurrence of a Default prior to
the date on which such New Lender is holding its Pro Rata Share of all Loans
hereunder, such New Lender shall, upon notice from the Agent given on or after
the date on which the Obligations are accelerated or become due following such
Default, pay to the Agent (for the account of the other Lenders, to which the
Agent shall pay their ratable shares thereof upon receipt) a sum equal to such
New Lender’s Pro Rata Share of each Loan that is a Eurodollar Loan then
outstanding with respect to which such New Lender does not then hold an
interest; such payment by such New Lender shall constitute an ABR Loan
hereunder.

 

(c)                                  Required Lenders.  Solely for
purposes of the calculation of Pro Rata Shares as used in the definition of “Required
Lenders,” until such time as a New Lender holds its Pro Rata Share of all
outstanding Loans (if any), the amount of such New Lender’s new Commitment or
the increased amount of its Commitment shall be excluded from the amount of the
Commitments and Aggregate Commitment and there shall be included in lieu
thereof at any time an amount equal to the sum of the outstanding Loans and the
participation interests in Facility Letters of Credit held by such New Lender
with respect to its new Commitment or the increased amount of its Commitment.

 

(d)                                 No Obligation to Increase
Commitment.  Nothing contained herein shall constitute, or
otherwise be deemed to be, a commitment or agreement on the part of the
Borrower or the Agent to give or grant any Lender the right to increase its
Commitment hereunder at any time or a commitment or agreement on the part of
any Lender to increase its Commitment hereunder at any time, and no Commitment
of a Lender shall be increased without its prior written approval.

 

Section 2.03  Notice and Manner of Borrowing.
 The Borrower shall give the Agent notice
of any Loans under this Agreement, on the Business Day of each ABR Loan, and at
least three (3) Business Days before each Eurodollar Loan,
specifying:  (1) the date of such
Loan;

 

20

 

(2) the amount of such Loan; (3) the type of
Loan (whether an ABR Loan or a Eurodollar Loan); and (4) in the case of a Eurodollar
Loan, the duration of the Interest Period applicable thereto, provided, however,
that (a) no Interest Period may extend beyond the Termination Date and (b) not
more than eight (8) Interest Periods for Eurodollar Loans may be
outstanding at any one time.  All notices
given by the Borrower under this Section 2.03 shall be irrevocable and
shall be given not later than 10:00 A.M. Chicago time on the day specified
above for such notice.  The Agent shall
notify each Lender of each such notice not later than 11:00 A.M. Chicago
time on the date it receives such notice from the Borrower if such notice is
received by the Agent at or before 10:00 A.M. Chicago time.  In the event such notice from the Borrower is
received after 10:00 A.M. Chicago time, it shall be treated as if received
on the next succeeding Business Day, and the Agent shall notify each Lender of
such notice as soon as practicable but not later than 11:00 A.M. Chicago
time on the next succeeding Business Day. 
Not later than 1:00 P.M. Chicago time on the date of such Loans,
each Lender will make available to the Agent in immediately available funds,
such Lender’s Pro Rata Share of such Loans. 
After the Agent’s receipt of such funds, on the date of such Loans and
upon fulfillment of the applicable conditions set forth in Article III,
the Agent will make such Loans available to the Borrower in immediately available
funds by crediting the amount thereof to the Borrower’s account with the
Agent.  The provisions of this Section 2.03
shall not apply to Swing Line Loans.

 

Section 2.04  Non-Receipt of Funds by Agent.  (a) Unless the Agent shall have received
notice from a Lender prior to the date (in the case of a Eurodollar Loan), or
by 12:00 noon Chicago time on the date (in the case of an ABR Loan), on which
such Lender is to provide funds to the Agent for a Loan to be made by such
Lender that such Lender will not make available to the Agent such funds, the
Agent may assume that such Lender has made such funds available to the Agent on
the date of such Loan in accordance with Section 2.03 and the Agent in its
sole discretion may, but shall not be obligated to, in reliance upon such
assumption, make available to the Borrower on such date a corresponding
amount.  If and to the extent such Lender
shall not have given the notice provided for above and shall not have made such
funds available to the Agent, such Lender agrees to repay to the Agent
forthwith on demand such corresponding amount together with interest thereon,
for each day from the date such amount is made available to the Borrower until
the date such amount is repaid to the Agent, at the Federal Funds Effective Rate
for three Business Days and thereafter at the Alternate Base Rate.  If such Lender shall repay to the Agent such
corresponding amount, such amount so repaid shall constitute such Lender’s
applicable Loan for purposes of this Agreement. 
If such Lender does not pay such corresponding amount forthwith upon
Agent’s demand therefor, the Agent shall promptly notify the Borrower, and the
Borrower shall immediately pay such corresponding amount to the Agent with
interest thereon, for each day from the date such amount is made available to
the Borrower until the date such amount is repaid to the Agent, at the rate of
interest applicable at the time to such proposed Loan.  Nothing set forth in this Section shall
affect the rights of the Borrower with respect to any Lender that defaults in
the performance of its obligation to make a Loan hereunder.

 

(b)                                 Unless the Agent shall have received
notice from the Borrower prior to the date on which any payment is due to the
Lenders hereunder that the Borrower will not make such payment in full, the
Agent may assume that the Borrower has made such payment in full to the Agent
on such date and the Agent in its sole discretion may, but shall not be
obligated to, in reliance upon such assumption, cause to be distributed to each
Lender on such due date an

 

21

 

amount equal to the
amount then due such Lender.  If and to
the extent the Borrower shall not have so made such payment in full to the
Agent, each Lender shall repay to the Agent forthwith on demand such amount
distributed to such Lender together with interest thereon, for each day from
the date such amount is distributed to such Lender until the date such Lender
repays such amount to the Agent, at the Federal Funds Effective Rate for three
Business Days and thereafter at the Alternate Base Rate.

 

(c)                                  The provisions of this Section 2.04
shall not apply to Swing Line Loans.

 

Section 2.05  Determination of Applicable Eurodollar Margin
and Applicable Commitment Rate.  (a)  The Applicable Eurodollar Margin
and the Applicable Commitment Rate shall be determined by reference to the
Leverage Ratio and the Ratings in accordance with the following pricing grid
and the provisions of this Section 2.05:

 

	
   

  	
   

  	
  LEVEL I

  	
   

  	
  LEVEL II

  	
   

  	
  LEVEL III

  	
   

  	
  LEVEL IV

  	
   

  	
  LEVEL V

  	
   

  
	
  Ratings

  	
   

  	
  BBB/Baa2

  or higher

  	
   

  	
  BBB-/Baa3

  	
   

  	
  BB+/Ba1

  	
   

  	
  BB/Ba2

  	
   

  	
  BB-/Ba3 or lower or

  one or less Ratings

  	
   

  
	
  Leverage Ratio

  	
   

  	
  Less than

  1.00x

  	
   

  	
  Greater than or

  equal to 1.00x

  and less than

  1.25x

  	
   

  	
  Greater than or

  equal to 1.25x and

  less than 1.75x

  	
   

  	
  Greater than or

  equal to 1.75x

  and less than

  2.00x

  	
   

  	
  Greater than or

  equal to 2.00x

  	
   

  
	
  Applicable Eurodollar Margin

  	
   

  	
  0.75%

  	
   

  	
  0.875%

  	
   

  	
  1.125%

  	
   

  	
  1.375%

  	
   

  	
  1.625%

  	
   

  
	
  Applicable Commitment

  Rate

  	
   

  	
  0.175%

  	
   

  	
  0.20%

  	
   

  	
  0.225%

  	
   

  	
  0.25%

  	
   

  	
  0.30%

  	
   

  

 

“Ratings”
means (i) at any time at which Moody’s, S&P and Fitch all publicly
announce ratings of the Borrower’s senior unsecured long-term debt, the second
highest of such three ratings and (ii) at any time at which Moody’s and
S&P publicly announce ratings of the Borrower’s senior unsecured long-term
debt but Fitch does not, the higher of such two ratings (i.e., lower pricing);
provided, however, that (in the case of either clause (i) or clause (ii))
the Ratings shall not be at Level I or II unless the Borrower has ratings from
both S&P and Moody’s of BBB- and Baa3 or better.

 

In the
event of a difference of one level between the Ratings and Leverage Ratio
pricing levels, the lower pricing shall apply; if the difference is more than
one level, the level one level lower than the higher pricing shall apply.

 

(b)                                 The Applicable Eurodollar Margin and
Applicable Commitment Rate under the foregoing pricing grid shall be determined
(i) with reference to the Leverage Ratio as of the last day of each fiscal
quarter and (ii) with reference to the Ratings at the time of each change
in such Ratings.  In the case of the
Leverage Ratio such determination shall be made from the then most recent
annual or quarterly financial statements of the Borrower delivered by the Borrower
pursuant to Sections 5.08(1) and 5.08(2), and the adjustment, if any, to
the Applicable Eurodollar

 

22

 

Margin and the Applicable
Commitment Rate shall take place on, and be effective from and after, the fifth
Business Day after the date on which the Agent has received such financial
statements.  In the case of the Ratings,
any change in such Ratings shall result in a change in (x) the Applicable Eurodollar
Margin as of the beginning of the next succeeding applicable Interest Period
for Eurodollar Loans, and (y) the Applicable Commitment Rate as of the date of
such change in the Ratings.

 

Section 2.06  Conversions and Renewals.  The Borrower may elect from time to time to
convert all or a part of one type of Loan into another type of Loan or to renew
all or part of a Loan by giving the Agent notice at least one (1) Business
Day before conversion into an ABR Loan, and at least three (3) Business
Days before the conversion into or renewal of a Eurodollar Loan,
specifying:  (1) the renewal or
conversion date; (2) the amount of the Loan to be converted or renewed; (3) in
the case of conversions, the type of Loan to be converted into; and (4) in
the case of renewals of or a conversion into a Eurodollar Loan, the duration of
the Interest Period applicable thereto; provided that (a) the
minimum principal amount of each Eurodollar Loan outstanding after a renewal or
conversion shall be One Million Dollars ($1,000,000) and the minimum amount of
each ABR Loan outstanding after a renewal or conversion shall be Two Hundred
Fifty Thousand Dollars ($250,000) and in each case in integral multiples of
$100,000 if in excess of such minimum amounts; (b) Eurodollar Loans may be
converted on a Business Day that is not the last day of the Interest Period for
such Loan only if the Borrower pays on the date of conversion all amounts due
pursuant to Section 2.17; (c) the Borrower may not renew a Eurodollar
Loan or convert an ABR Loan into a Eurodollar Loan at any time that a Default
has occurred that is continuing; (d) no Interest Period may extend beyond
the Termination Date; and (e) not more than eight (8) Interest
Periods for Eurodollar Loans may be outstanding at any one time.  Each such notice shall be accompanied by a
Borrowing Base Certificate dated as at the date of such notice.  All conversions and renewals shall be made in
the proportion of the Lenders’ respective Pro Rata Shares.  All notices given by the Borrower under this Section 2.06
shall be irrevocable and shall be given not later than 10:00 A.M. Chicago
time on the day which is not less than the number of Business Days specified
above for such notice.  The Agent shall
notify each Lender of each such notice not later than 11:00 A.M. Chicago
time on the date it receives such notice from the Borrower if such notice is
received by the Agent at or before 10:00 A.M. Chicago time.  In the event such notice from the Borrower is
received after 10:00 A.M. Chicago time, it shall be treated as if received
on the next succeeding Business Day, and the Agent shall notify each Lender of
such notice as soon as practicable but not later than 11:00 A.M. Chicago
time on the next succeeding Business Day. 
Notwithstanding the foregoing, if the Borrower shall fail to give the
Agent the notice as specified above for the renewal or conversion of a Eurodollar
Loan prior to the end of the Interest Period with respect thereto, such Eurodollar
Loan shall automatically be converted into an ABR Loan on the last day of the
Interest Period for such Loan.  The
provisions of this Section 2.06 shall not apply to Swing Line Loans.

 

Section 2.07  Interest.  (a)  The Borrower shall pay interest to
the Agent, for the account of the applicable Lender or Lenders on the
outstanding and unpaid principal amount of the Loans at the following rates:

 

(i)             If
an ABR Loan or Swing Line Loan, then at a rate per annum equal to the Alternate
Base Rate in effect from time to time as interest accrues; and

 

23

 

(ii)          If
a Eurodollar Loan, then at a rate per annum for the Interest Period applicable
to such Eurodollar Loan equal to the Eurodollar Rate for such Interest Period.

 

(b)                                 Any change in the interest rate based on
the Alternate Base Rate resulting from a change in the Alternate Base Rate
shall be effective (without notice) as of the opening of business on the day on
which such change in the Alternate Base Rate becomes effective.  Interest on each Eurodollar Loan shall be
calculated on the basis of a year of 360 days for the actual number of days
elapsed.  Interest on each ABR Loan and
Swing Line Loan shall be calculated on the basis of a year of 365 days for the
actual number of days elapsed.

 

(c)                                  Interest on the Loans shall be paid (in
an amount set forth in a statement delivered by the Agent to the Borrower, provided,
however, that the failure of the Agent to deliver such statement shall
not limit or otherwise affect the obligations of the Borrower hereunder) in
immediately available funds to the Agent at the office of Agent from time to
time designated by it in writing for the account of the applicable Lending
Office of each applicable Lender as follows:

 

(1)                                  For
each ABR Loan and Swing Line Loan on the first day of each calendar month
commencing on the first such date after such Loan;

 

(2)                                  For
each Eurodollar Loan, on the last day of the Interest Period with respect
thereto, except that, if such Interest Period is longer than three months,
interest shall also be paid on the last day of the third month of such Interest
Period; and

 

(3)                                  If
not sooner paid, then on the Termination Date or such earlier date as the Loans
may be due or declared due hereunder.

 

(d)                                 Any principal amount of any Loan not paid
when due (at maturity, by acceleration, or otherwise) shall bear interest
thereafter until paid in full, payable on demand, at a rate per annum equal to
the Alternate Base Rate or the applicable Eurodollar Rate, as the case may be,
for such Loan in effect from time to time as interest accrues, plus two percent
(2%) per annum.

 

Section 2.08  Interest Rate Determination.  (a) The Agent shall determine each Adjusted
LIBO Rate.  The Agent shall give prompt
notice to the Borrower and the Lenders of the applicable interest rate
determined by the Agent pursuant to the terms of this Agreement.

 

(b)                                 If the provisions of this Agreement or
any Note would at any time require payment by the Borrower to a Lender of any
amount of interest in excess of the maximum amount then permitted by the law
applicable to any Loan, the interest payments to such Lender shall be reduced
to the extent necessary so that such Lender shall not receive interest in
excess of such maximum amount.  If, as a
result of the foregoing a Lender shall receive interest payments hereunder or
under a Note in an amount less than the amount otherwise provided hereunder,
such deficit (hereinafter called “Interest Deficit”) will cumulate and will be
carried forward (without interest) until the termination of this Agreement.  Interest otherwise payable to a Lender
hereunder and under a Note for any subsequent period shall be increased by the
maximum amount of the Interest Deficit that may be so added without causing
such Lender to receive

 

24

 

interest in excess of the
maximum amount then permitted by the law on the applicable Loans.  The amount of the Interest Deficit relating
to the Loans shall be treated as a prepayment premium (to the extent permitted
by law) and paid in full at the time of any optional prepayment by the Borrower
to the applicable Lenders of all the applicable Loans at that time outstanding
pursuant to Section 2.11.  The
amount of the Interest Deficit relating to the applicable Loans at the time of
any complete payment of the Loans at that time outstanding (other than an
optional prepayment thereof pursuant to Section 2.11) shall be canceled
and not paid.

 

Section 2.09  Fees.  (a)  The Borrower shall pay to the
Arranger upon the execution of this Agreement a one time, nonrefundable fee in
the amount provided for in the Agent’s Fee Letter.  The Agent shall deliver to each Lender its
applicable fee (as set forth in the invitation letter dated July 8, 2005
from the Arranger to such Lenders) promptly upon the Agent’s receipt thereof.

 

(b)                                 The Borrower agrees to pay to the Agent
for the account of each Lender (subject to adjustment in the case of the Swing
Line Lender as hereinafter provided) a commitment fee on the average daily
unused portion of such Lender’s Commitment (in an amount set forth in a
statement delivered by the Agent to the Borrower, provided, however,
that the failure of the Agent to deliver such statement shall not limit or
otherwise affect the obligations of the Borrower hereunder) from the date of
this Agreement until the Termination Date at the Applicable Commitment Rate,
payable in arrears on each Quarterly Payment Date during the term of such
Commitment, commencing October 1, 2005, and ending on the Termination Date
or, in the case of a Rejecting Lender, on such Rejecting Lender’s Termination
Date.  The commitment fees shall be
calculated on the basis of a year of 365 days for the actual number of days
elapsed.  Upon receipt of any commitment
fees, the Agent will promptly thereafter cause to be distributed such payments
to the Lenders in the proportion of their Pro Rata Shares (subject to
adjustment in the case of the Swing Line Lender as hereinafter provided).  For purposes of determining the commitment
fee payable to the Swing Line Lender, the unused portion of the Swing Ling
Lender’s Commitment shall be reduced dollar-for-dollar by the amount of any Swing
Line Loans then outstanding.

 

(c)                                  The Borrower shall pay to the Agent and the
Arranger such additional fees as are specified in the Agent’s Fee Letter.

 

Section 2.10  Notes.  All Loans made by each Lender under this
Agreement shall be evidenced by, and repaid with interest in accordance with, a
single Note of the Borrower in substantially the form of Exhibit B
hereto, in each case duly completed, dated the date of this Agreement and
payable to such Lender for the account of its applicable Lending Office, such
Note to represent the obligation of the Borrower to repay the Loans made by
such Lender.  Each Lender is hereby
authorized by the Borrower, but no Lender shall be required, to endorse on the schedule attached
to the Note or Notes held by it the amount and type of such applicable Loan and
each renewal, conversion, and payment of principal amount received by such
applicable Lender for the account of its applicable Lending Office on account
of its applicable Loans, which endorsement shall, in the absence of manifest
error, be conclusive as to the outstanding balance of such Loans made by such
Lender; provided, however, that the failure to make such notation
with respect to any Loan or renewal, conversion, or payment shall not limit or
otherwise affect

 

25

 

the obligations of the Borrower under this Agreement
or the Note or Notes held by such Lender. 
All Loans shall be repaid on the Termination Date.

 

Section 2.11  Prepayments.  (a)  The Borrower may, upon notice to
the Agent not later than 11:00 A.M. (Chicago time) on the date of
prepayment in the case of ABR Loans and at least three (3) Business Days’
prior notice to the Agent in the case of Eurodollar Loans, prepay (including,
without limitation, all amounts payable pursuant to the terms of Section 2.17)
the Loans in whole or in part with accrued interest to the date of such
prepayment on the amount prepaid, provided that (1) each partial
payment shall be in a principal amount of not less than One Million Dollars
($1,000,000) in the case of a Eurodollar Loan and Two Hundred Fifty Thousand
Dollars ($250,000) in the case of an ABR Loan; and (2) Eurodollar Loans
may be prepaid only on the last day of the Interest Period for such Loans; provided,
however, that such prepayment of Eurodollar Loans may be made on any
other Business Day if the Borrower pays at the time of such prepayment all
amounts due pursuant to Section 2.17. 
Upon receipt of any such prepayments, the Agent will promptly thereafter
cause to be distributed the Pro Rata Share of such prepayment to each Lender
for the account of its applicable Lending Office, except that prepayments of
Swing Line Loans shall be made solely to the Swing Line Lender.

 

(b)                                 The Borrower shall immediately upon a
Change in Control prepay the Notes in full and all accrued interest to the date
of such prepayment, and in the case of Eurodollar Loans all amounts due
pursuant to Section 2.17.

 

Section 2.12  Method of Payment.  The Borrower shall make each payment under
this Agreement and under any of the Notes not later than 11:00 A.M.
Chicago time on the date when due in lawful money of the United States to the
Agent for the account of the applicable Lending Office of each Lender (or, in
the case of Swing Line Loans, for the account of the Swing Line Lender) in
immediately available funds.  The Agent
will promptly thereafter cause to be distributed (1) the Pro Rata Share of
such payments of principal and interest with respect to Loans (other than Swing
Line Loans) in like funds to each Lender for the account of its applicable
Lending Office, (2) such payments of principal and interest with respect
to Swing Line Loans solely to the Swing Line Lender and (3) other fees
payable to any Lender to be applied in accordance with the terms of this
Agreement.  If any such payment is not
received by a Lender on the Business Day on which the Agent received such
payment (or the following Business Day if the Agent’s receipt thereof occurs
after 2:00 P.M. (Chicago time)), such Lender shall be entitled to receive
from the Agent interest on such payment at the Federal Funds Effective Rate for
three Business Days and thereafter at the Alternate Base Rate (which interest
payment shall not be an obligation for the Borrower’s account, including under Section 11.04
or Section 11.06).  The Borrower
hereby authorizes each Lender, if and to the extent payment is not made when
due under this Agreement or under any of the Notes, to charge from time to time
against any account of the Borrower with such Lender any amount as due.  Whenever any payment to be made under this
Agreement or under any of the Notes shall be stated to be due on a day other
than a Business Day, such payment shall be made on the next succeeding Business
Day, and such extension of time shall be included in the computation of the
payment of interest and the commitment fee, as the case may be, except, in the
case of a Eurodollar Loan, if the result of such extension would be to extend
such payment into another calendar month, such payment shall be made on the
immediately preceding Business Day.

 

26

 

Section 2.13  Use of Proceeds.  The proceeds of the Loans hereunder shall be
used by the Borrower (a) to repay amounts owing under the Original Credit Agreement,
(b) for working capital and general corporate purposes of the Borrower and
the Guarantors to the extent permitted in this Agreement and (c) to repay
Swing Line Loans.  The Borrower will not,
directly or indirectly, use any part of such proceeds for the purpose of
repaying the Senior Notes or for purchasing or carrying any margin stock within
the meaning of Regulation U or to extend credit to any Person for the purpose
of purchasing or carrying any such margin stock, or for any purpose which violates,
or is inconsistent with, Regulation X.

 

Section 2.14  Yield Protection.  If any law or any governmental or
quasi-governmental rule, regulation, policy, guideline or directive (whether or
not having the force of law), or any interpretation thereof, or the compliance
of any Lender or Issuer therewith,

 

(i)                                     subjects
any Lender or Issuer or any applicable Lending Office to any tax, duty, charge
or withholding on or from payments due from the Borrower (excluding federal
taxation of the overall net income of any Lender or Issuer or applicable
Lending Office), or changes the basis of taxation of payments to any Lender or
Issuer in respect of its Loans or Facility Letters of Credit or other amounts
due it hereunder, or

 

(ii)                                  imposes
or increases or deems applicable any reserve, assessment, insurance charge,
special deposit or similar requirement against assets of, deposits with or for
the account of, or credit extended by, any Lender or Issuer or any applicable
Lending Office (other than reserves and assessments taken into account in
determining the interest rate applicable to Loans), or

 

(iii)                               imposes any other
condition the result of which is to increase the cost to any Lender or Issuer
or any applicable Lending Office of making, funding or maintaining loans or
issuing or participating in letters of credit or reduces any amount receivable
by any Lender or Issuer or any applicable Lending Office in connection with
loans, or requires any Lender or Issuer or any applicable Lending Office to
make any payment calculated by reference to the amount of loans held, letters
of credit issued or interest received by it, by an amount deemed material by
such Lender or Issuer,

 

then, within fifteen (15) days of demand by such
Lender or Issuer, the Borrower shall pay such Lender or Issuer that portion of
such increased expense incurred or reduction in an amount received which such
Lender or Issuer reasonably determines is attributable to making, funding and
maintaining its Loans and its Commitment and issuing or participating in Letters
of Credit.

 

Section 2.15  Changes in Capital Adequacy Regulations.  If a Lender or Issuer determines the amount
of capital required or expected to be maintained by such Lender or Issuer, any
Lending Office of such Lender or Issuer or any corporation controlling such
Lender or Issuer is increased as a result of a Change, then, within 10 days of
demand by such Lender or Issuer, the Borrower shall pay such Lender or Issuer
the amount necessary to compensate for any shortfall in the rate of return on the
portion of such increased capital which such Lender or Issuer

 

27

 

determines is attributable to this Agreement, its
Loans or its obligation to make Loans hereunder (after taking into account such
Lender’s or Issuer’s policies as to capital adequacy); provided, however,
that a Lender or Issuer shall impose such cost upon the Borrower only if such
Lender or Issuer is generally imposing such cost on its other borrowers having
similar credit arrangements.  “Change”
means (i) any change after the date of this Agreement in the Risk-Based
Capital Guidelines or (ii) any adoption of or change in any other law,
governmental or quasi-governmental rule, regulation, policy, guideline,
interpretation, or directive (whether or not having the force of law) after the
date of this Agreement which affects the amount of capital required or expected
to be maintained by any Lender or Issuer or any Lending Office or any
corporation controlling any Lender or Issuer. 
“Risk-Based Capital Guidelines” means (i) the risk-based capital
guidelines in effect in the United States on the date of this Agreement,
including transition rules, and (ii) the corresponding capital regulations
promulgated by regulatory authorities outside the United States implementing
the July 1988 report of the Basle Committee on Banking Regulation and
Supervisory Practices Entitled “International Convergence of Capital
Measurements and Capital Standards,” including transition rules, and any
amendments to such regulations adopted prior to the date of this Agreement.

 

Section 2.16  Availability of Eurodollar Loans.  If any Lender determines that maintenance of
its Eurodollar Loans at the Lending Office selected by the Lender would violate
any applicable law, rule, regulation, or directive, whether or not having the
force of law (and it is not reasonably possible for the Lender to designate an
alternate Lending Office without being adversely affected thereby), or if the
Required Lenders determine that (i) deposits of a type and maturity
appropriate to match fund Eurodollar Loans are not available or (ii) the
interest rate applicable to Eurodollar Loans does not accurately reflect the
cost of making or maintaining such Eurodollar Loans, then the Agent shall
suspend the availability of Eurodollar Loans and require any Eurodollar Loans
to be repaid.

 

Section 2.17  Funding Indemnification.  If any payment of a Eurodollar Loan occurs on
a date which is not the last day of the applicable Interest Period, whether
because of acceleration, prepayment or otherwise, or a Eurodollar Loan is not
made on the date specified by the Borrower for any reason other than default by
the Lenders, the Borrower will indemnify each Lender for any loss or cost
incurred by it resulting therefrom, including, without limitation, any loss or
cost in liquidating or employing deposits required to fund or maintain the Eurodollar
Loan.

 

Section 2.18  Lender Statements; Survival of Indemnity.  To the extent reasonably possible, each
Lender shall designate an alternate Lending Office with respect to its Eurodollar
Loans to reduce any liability of the Borrower to such Lender under Sections
2.14 and 2.15 or to avoid the unavailability of Eurodollar Loans.  Each Lender shall deliver a written statement
of such Lender as to the amount due, if any, under Sections 2.14, 2.15 or
2.17.  Such written statement shall set
forth in reasonable detail the calculations upon which such Lender determined
such amount and shall be final, conclusive and binding on the Borrower in the
absence of manifest error.  Determination
of amounts payable under such Sections in connection with a Eurodollar Loan
shall be calculated as though each Lender funded its Eurodollar Loan through
the purchase of a deposit of the type and maturity corresponding to the deposit
used as a reference in determining the Eurodollar Rate applicable to such Loan,
whether in fact that is the case or not. 
Unless otherwise provided herein, the amount specified in the written
statement shall be payable on demand after receipt by the Borrower of the
written statement.  The

 

28

 

obligations of the Borrower under Sections 2.14, 2.15
and 2.17 shall survive payment of the Obligations and termination of this
Agreement.

 

Section 2.19  Extension of Termination Date.  (a)  Not more than once in any fiscal
year of the Borrower, the Borrower may request an extension of the Termination
Date to the first or second anniversary of the then scheduled Termination Date
(but in no event later than the fourth anniversary of the date of such request)
by submitting a request for an extension to the Agent not less than 180 days
prior to the then scheduled Termination Date. 
At the time of or prior to the delivery of such request, the Borrower
shall propose to the Agent the amount of the fees that the Borrower would agree
to pay with respect to such extension if approved by the Lenders.  Promptly upon (but not later than five
Business Days after) the Agent’s receipt and approval of the extension request
and fee proposal (as so approved, the “Extension Request”), the Agent shall
deliver to each Lender a copy of, and shall request each Lender to approve, the
Extension Request.  Each Lender approving
the Extension Request shall deliver its written approval no later than 60 days
after such Lender’s receipt of the Extension Request.  If the written approval of the Extension
Request by the Lenders whose Pro Rata Shares equal or exceed 66-2/3% in the
aggregate is received by the Agent within such 60-day period, the Termination
Date shall be extended to the first or second anniversary of the then scheduled
Termination Date (as specified in the Extension Request) but only with respect
to the Lenders that have given such written approval.  Except to the extent that a Lender that did
not give its written approval to such Extension Request (“Rejecting Lender”) is
replaced as provided in Section 2.21, prior to the Termination Date (as determined prior to such Extension
Request), then on such date (the “Rejecting Lender’s Termination Date”) (i) the
Commitment of each such Rejecting Lender shall terminate, (ii) the
Aggregate Commitment shall be reduced by the aggregate amount of such
terminated Commitments and (iii) all Loans and other Obligations to each
such Rejecting Lender shall be paid in full by the Borrower.  If the sum of the principal balance of all
Loans outstanding and all Facility Letter of Credit Obligations following the
payment provided for in clause (iii) above exceeds the Aggregate
Commitment (as reduced as provided in clause (ii) above), the Borrower
shall, on the Rejecting Lender’s Termination Date, repay outstanding Loans or
cause to be canceled, released and returned to the applicable Issuer
outstanding Facility Letters of Credit in the amounts necessary to cause the
sum of the principal balance of all Loans outstanding and all Facility Letter
of Credit Obligations to equal but not exceed the Aggregate Commitment (as
reduced).

 

(b)                                 Within ten days of the Agent’s notice to
the Borrower that the Lenders whose Pro Rata Shares equal or exceed 66-2/3% in
the aggregate have approved an Extension Request, the Borrower shall pay to the
Agent for the account of each Lender that has approved the Extension Request
the applicable extension fees specified in the Extension Request.

 

(c)                                  If Lenders whose Pro Rata Shares equal or
exceed 66-2/3% in the aggregate approve the Extension Request, the Borrower,
upon notice to the Agent and any Rejecting Lender, may, subject to the
provisions of the last sentence of Section 2.19(d), terminate the
Commitment of such Rejecting Lender (or such portion of such Commitment as is
not assigned to a Replacement Lender in accordance with Section 2.21),
which termination shall occur as of a date set forth in such Borrower’s notice
but in no event more than thirty (30) days following such notice (subject to
the provisions of Section 2.21(b)). 
The termination of a Rejecting Lender’s Commitment shall be effected in
accordance with Section 2.19(d).

 

29

 

(d)                                 If the Borrower elects to terminate the
Commitment of a Rejecting Lender pursuant to Section 2.19(c), the Borrower
shall pay to the Rejecting Lender all Obligations due and owing to it hereunder
or under any other Loan Document, including, without limitation, the aggregate
outstanding principal amount of the Loans owed to such Rejecting Lender,
together with accrued interest thereon through the date of such termination,
amounts payable under Sections 2.14 and 2.15 and the fees payable to such
Rejecting Lender under Section 2.09(b). 
Upon request by the Borrower or the Agent, the Rejecting Lender will
deliver to the Borrower and the Agent a letter setting forth the amounts
payable to the Rejecting Lender as set forth above.  Upon the termination of such Rejecting Lender’s
Commitment and payment of the amounts provided for in the immediately preceding
sentence, the Borrower shall have no further obligations to such Rejecting
Lender under this Agreement and such Rejecting Lender shall cease to be a
Lender, provided, however, that such Rejecting Lender shall
continue to be entitled to the benefits of Sections 2.14, 2.15, 2.17, 11.04 and
11.06, as well as to any fees accrued for its account hereunder not yet paid,
and shall continue to be obligated under Section 10.05 with respect to
obligations and liabilities accruing prior to the termination of such Rejecting
Lender’s Commitment.  If, as a result of
the termination of the Rejecting Lender’s Commitment, any payment of a
Eurodollar Loan occurs on a day which is not the last day of the applicable
Interest Period, the Borrower shall pay to the Agent for the benefit of the
Lenders (including any Rejecting Lender) any loss or cost incurred by the
Lenders (including any Rejecting Lender) resulting therefrom in accordance with
Section 2.17.  Upon the effective
date of the termination of the Rejecting Lender’s Commitment, the Aggregate
Commitment shall be reduced by the amount of the terminated Commitment of the
Rejecting Lender, and each other Lender shall be deemed to have irrevocably and
unconditionally purchased and received (subject to the provisions of the last
sentence of this Section 2.19(d)), without recourse or warranty, from the
Rejecting Lender, an undivided interest and participation in any Facility
Letter of Credit then outstanding, ratably, such that each Lender (excluding
the Rejecting Lender but including any Replacement Lender that acquires an
interest in the Facility hereunder from such Rejecting Lender) holds a
participation interest in each Facility Letter of Credit in proportion to the
ratio that such Rejecting Lender’s Commitment (upon the effective date of such
termination of the Rejecting Lender’s Commitment) bears to the Aggregate
Commitment (as reduced by the termination of such Rejecting Lender’s Commitment
or a part thereof).  Notwithstanding the
foregoing, if, upon the termination of the Commitment of such Rejecting Lender
under this Section 2.19(d), the sum of the outstanding principal balance
of the Loans and the Facility Letter of Credit Obligations would exceed the
Aggregate Commitment (as reduced), the Borrower may not terminate such
Rejecting Lender’s Commitment unless the Borrower, on or prior to the effective
date of such termination, prepays, in accordance with the provisions of this Agreement,
outstanding Loans or causes to be canceled, released and returned to the
applicable Issuer outstanding Facility Letters of Credit in sufficient amounts
such that, on the effective date of such termination, the sum of the
outstanding principal balance of the Loans and the Facility Letter of Credit
Obligations does not exceed the Aggregate Commitment (as reduced).

 

Section 2.20  Intentionally Omitted.

 

Section 2.21  Replacement of Certain Lenders.  (a)  In the event a Lender (“Affected
Lender”):  (i) shall have requested
compensation from the Borrower under Sections 2.14 or 2.15 to recover
additional costs incurred by such Lender that are not being incurred generally
by the other Lenders, (ii) shall have delivered a notice pursuant to Section 2.16
claiming that such

 

30

 

Lender is unable to extend Eurodollar Loans to the
Borrower for reasons not generally applicable to the other Lenders, (iii) shall
have invoked Section 11.13 or (iv) is a Rejecting Lender pursuant to Section 2.19,
then, in any such case, the Borrower or the Agent may effect the replacement of
such Affected Lender in accordance with the provisions of this Section 2.21,
provided, however, that if the replacement of such Affected
Lender is by reason of clause (iv) above, the replacement of such Affected
Lender shall be subject to the provisions of Section 2.21(b).  The Borrower or the Agent may elect to
replace an Affected Lender and make written demand on such Affected Lender
(with a copy to the Agent in the case of a demand by the Borrower and a copy to
the Borrower in the case of a demand by the Agent) for the Affected Lender to
assign, and, if a Replacement Lender (as hereinafter defined) notifies the
Affected Lender of its willingness to purchase the Affected Lender’s interests
in the Facility and the Agent and the Borrower consent thereto in writing, then
such Affected Lender shall assign pursuant to one or more duly executed
Assignment and Assumption in substantially and in all material respects in the
form and substance of Exhibit G five (5) Business Days after
the date of such demand, to one or more financial institutions that comply with
the provisions of Section 12.02 that the Borrower or the Agent, as the
case may be, shall have engaged for such purpose (each a “Replacement Lender”),
all (or, to the extent required or permitted under Section 2.21(b), a
part) of such Affected Lender’s rights and obligations (from and after the date
of such assignment) under this Agreement and the other Loan Documents in
accordance with Section 12.02.  The
Agent agrees, upon the occurrence of such events with respect to an Affected
Lender and upon the written request of the Borrower, to use its reasonable
efforts to obtain commitments from one or more financial institutions to act as
a Replacement Lender.  As a condition to
any such assignment, the Affected Lender shall have concurrently received, in
cash, all amounts (except as otherwise provided in Section 2.21(b)) due
and owing to the Affected Lender hereunder or under any other Loan Document,
including, without limitation, the aggregate outstanding principal amount of
the Loans owed to such Lender, together with accrued interest thereon through
the date of such assignment, amounts payable under Sections 2.14 and 2.15 with
respect to such Affected Lender and the fees payable to such Affected Lender
under Section 2.09(b); provided that upon such Affected Lender’s
replacement, such Affected Lender shall (except as otherwise provided in Section 2.21(b))
cease to be a party hereto but shall continue to be entitled to the benefits of
Sections 2.14, 2.15, 2.17, 11.04 and 11.06, as well as to any fees accrued for
its account hereunder and not yet paid, and shall continue to be obligated
under Section 10.05 with respect to obligations and liabilities accruing
prior to the replacement of such Affected Lender.

 

(b)                                 In the event that the Affected Lender is
a Rejecting Lender, the Borrower may elect to have a part of the Rejecting
Lender’s rights and obligations under this Agreement and the other Loan
Documents assigned pursuant to this Section 2.21, provided that the
Borrower also elects, pursuant to Section 2.19(c), to terminate the entire
amount of such Rejecting Lender’s Commitment not so assigned, which termination
shall be effective on the date on which such assignment of the Rejecting Lender’s
rights and obligations is consummated under this Section 2.21.

 

Section 2.22  Swing Line.  (a)  The Swing Line Lender agrees, on
the terms and conditions hereinafter set forth, to make loans (“Swing Line
Loans”) to the Borrower from time to time during the period from the date of
this Agreement, up to but not including the Termination Date, in an aggregate
principal amount not to exceed at any time outstanding the lesser of (i) the
Swing Line Commitment or (ii) the amount by which the Swing Line Lender’s

 

31

 

Commitment exceeds the sum of (A) the outstanding
principal amount of the Loans made by the Swing Line Lender pursuant to Section 2.01.1
and (B) the Swing Line Lender’s Pro Rata Share of the outstanding Facility
Letter of Credit Obligations, subject in each case to the limitations set forth
in Section 2.01.3.

 

(b)                                 Each Swing Line Loan which shall not
utilize the Swing Line Commitment in full shall be in an amount not less than
One Million Dollars ($1,000,000) and, if in excess thereof, in integral
multiples of One Million Dollars ($1,000,000). 
Within the limits of the Swing Line Commitment, the Borrower may borrow,
repay and reborrow under this Section 2.22.

 

(c)                                  The Borrower shall give the Swing Line
Lender notice of any request for a Swing Line Loan not later than 2:00 p.m.
Chicago time on the Business Day of such Swing Line Loan, specifying the amount
of such requested Swing Line Loan.  Each
such notice shall be accompanied by a Borrowing Base Certificate dated as of
the date of such notice (and by the notice provided for in Section 2.22(d)).  All notices given by the Borrower under this Section 2.22(c) shall
be irrevocable.  Upon fulfillment of the
applicable conditions set forth in Article III, the Swing Line Lender will
make the Swing Line Loan available to the Borrower in immediately available
funds by crediting the amount thereof to the Borrower’s account with the Swing
Line Lender.

 

(d)                                 On the first Business Day following the
making of a Swing Line Loan, such Swing Line Loan shall be paid in full from
the proceeds of a Loan made pursuant to Section 2.01.1.  Each notice given by the Borrower under Section 2.22(c) shall
include, or, if it does not include, shall be deemed to include, an irrevocable
notice under Section 2.03 requesting the Lenders to make an ABR Loan on
the next succeeding Business Day in the full amount of such Swing Line Loan.

 

Section 2.23  Facility Letters of Credit.

 

Section 2.23.1  Issuance of Facility Letters of Credit.  (a)  Each Issuer agrees, on the terms
and conditions set forth in this Agreement, to issue from time to time for the
account of the Borrower, through such offices or branches as it and the
Borrower may jointly agree, one or more Facility Letters of Credit in
accordance with this Section 2.23, during the period commencing on the
date hereof and ending on the thirtieth (30th) day prior to the Termination
Date.

 

(b)                                 The
Borrower shall not request, and no Issuer shall issue, a Facility Letter of
Credit for any purpose other than for purposes for which Loan proceeds may by
used.

 

Section 2.23.2  Limitations.  An Issuer shall not issue, amend or extend,
at any time, any Facility Letter of Credit:

 

(i)                                     if
the aggregate maximum amount then available for drawing under Letters of Credit
issued by such Issuer, after giving effect to the Facility Letter of Credit or
amendment or extension thereof requested hereunder, shall exceed any limit
imposed by law or regulation upon such Issuer;

 

32

 

(ii)                                  if,
after giving effect to the issuance, amendment or extension of the Facility
Letter of Credit requested hereunder, the aggregate principal amount of the Facility
Letter of Credit Obligations would exceed the Facility Letter of Credit
Sublimit;

 

(iii)                               if, after giving effect
to the issuance, amendment or extension of the Facility Letter of Credit
requested hereunder, Borrowing Base Debt would exceed the Borrowing Base as of
the most recent Inventory Valuation Date;

 

(iv)                              if,
after giving effect to the issuance, amendment or extension of the Facility
Letter of Credit requested hereunder, the sum of (A) the outstanding and
unpaid principal amount of the Loans and (B) the Facility Letter of Credit
Obligations would exceed the Aggregate Commitment;

 

(v)                                 unless
such Issuer receives written notice from the Agent on or before the proposed
Issuance Date of such Facility Letter of Credit that the issuance, amendment or
extension of such Facility Letter of Credit is within the limitations specified
in clauses (ii), (iii) and (iv) of this Section 2.23.2;

 

(vi)                              that
has an expiration date (taking into account any automatic renewal provisions
thereof) later than thirty (30) days prior to the scheduled Termination Date;
or

 

(vii)                           that is in a currency other
than U.S. Dollars or that provides for drawings other than by sight draft.

 

Section 2.23.3  Conditions.  The issuance, amendment or extension of any
Facility Letter of Credit is subject to the satisfaction in full of the
following conditions on the Issuance Date:

 

(i)                                     the
Borrower shall have delivered to the Issuer at such times and in such manner as
the Issuer may reasonably prescribe a Reimbursement Agreement and such other
documents and materials as may be reasonably required pursuant to the terms
thereof, and the proposed Facility Letter of Credit shall be reasonably
satisfactory to such Issuer in form and content, provided, however, in the
event of any conflict between the terms of this Agreement and the terms of the
Reimbursement Agreement, the terms of this Agreement shall control;

 

(ii)                                  as
of the Issuance Date no order, judgment or decree of any court, arbitrator or
governmental authority shall enjoin or restrain such Issuer from issuing the
Facility Letter of Credit and no law, rule or regulation applicable to the
Issuer and no directive from any governmental authority with jurisdiction over
the Issuer shall prohibit such Issuer from issuing Letters of Credit generally
or from issuing that Facility Letter of Credit;

 

(iii)                               The following statements
shall be true, and the Agent and such Issuer shall have received a certificate,
substantially in the form of the certificate attached hereto as Exhibit D,
signed by a duly authorized officer of the Borrower dated the Issuance Date
stating that:

 

33

 

(a)                                  The
representations and warranties contained in Article IV of this Agreement
are correct on and as of such Issuance Date as though made on and as of such
Issuance Date except to the extent that any such representation or warranty is
stated to relate solely to an earlier date, in which case such representation
or warranty is correct as of such earlier date;

 

(b)                                 No
Default or Event of Default has occurred and is continuing or would result from
the issuance, amendment or extension of such Facility Letter of Credit; and

 

(c)                                  If
applicable under Section 7.03, upon the issuance, amendment or extension
of the requested Facility Letter of Credit on such Issuance Date, the aggregate
outstanding amount of Borrowing Base Debt shall not exceed the Borrowing Base
as of the most recent Inventory Valuation Date; and

 

(iv)                              The
Issuer and the Agent shall have received such other approvals, opinions, or
documents as either may reasonably request.

 

Section 2.23.4  Procedure for Issuance of Facility Letters
of Credit.  (a) The
Borrower shall give the applicable Issuer and the Agent not less than two (2) Business
Days’ prior written notice of any requested issuance of a Facility Letter of
Credit under this Agreement (except that, in lieu of such written notice, the
Borrower may give the Issuer and the Agent telephonic notice of such request if
confirmed in writing by delivery to such Issuer and the Agent (i) immediately
(A) of a telecopy of the written notice required hereunder which has been
signed by an authorized officer of the Borrower or (B) of an e-mail
containing all information required to be contained in such written notice and (ii) promptly
(but in no event later than the requested Issuance Date) of the written notice
required hereunder containing the original signature of an authorized officer
of the Borrower).  Such notice shall
specify (i) the stated amount of the Facility Letter of Credit requested,
which amount shall be in compliance with the requirements of Section 2.23.2,
(ii) the requested Issuance Date, which shall be a Business Day, (iii) the
date on which such requested Facility Letter of Credit is to expire, which date
shall be in compliance with the requirements of Section 2.23.2(vi), (iv) the
purpose for which such Facility Letter of Credit is to be issued, which purpose
shall be in compliance with the requirements of Section 2.23.1(b), and (v) the
Person for whose benefit the requested Facility Letter of Credit is to be
issued.  At the time such request is
made, the Borrower shall also provide the Agent with a copy of the form of the
Facility Letter of Credit it is requesting be issued.  Such notice, to be effective, must be
received by the Issuer and the Agent not later than 2:00 p.m. (Chicago
time) on the last Business Day on which notice can be given under this Section 2.23.4.  Promptly after receipt of such notice, the
Issuer shall confirm with the Agent (by telephone or in writing) that the Agent
has received a copy of such notice from the Borrower and, if not, the Issuer
shall promptly provide the Agent with a copy thereof.

 

(b)                                 Promptly following receipt of a request
for issuance of a Facility Letter of Credit in accordance with Section 2.23.4(a),
such Issuer shall approve or disapprove, in its reasonable discretion, the
issuance of such requested Facility Letter of Credit, but the issuance of

 

34

 

such approved Facility
Letter of Credit shall continue to be subject to the provisions of this Section 2.23.

 

(c)                                  Subject to the terms and conditions of
this Section 2.23 (including, without limitation, Sections 2.23.2 and
2.23.3), the applicable Issuer shall, on the Issuance Date, issue the requested
Facility Letter of Credit in accordance with such Issuer’s usual and customary
business practices unless such Issuer has actually received written or
telephonic notice from the Borrower specifically revoking the request to issue
such Facility Letter of Credit.  The
Issuer shall promptly give the Agent written notice, or telephonic notice
confirmed promptly thereafter in writing, of the issuance, amendment, extension
or cancellation of a Facility Letter of Credit, and the Agent shall promptly
thereafter so notify all Lenders.

 

(d)                                 No Issuer shall extend or amend any
Facility Letter of Credit unless the requirements of this Section 2.23.4
are met as though a new Facility Letter of Credit were being requested and
issued.

 

(e)                                  Any
Lender may, but shall not be obligated to, issue to the Borrower or any of its
Subsidiaries Letters of Credit (that are not Facility Letters of Credit) for
its own account, and at its own risk. 
None of the provisions of this Section 2.23 shall apply to any
Letter of Credit that is not a Facility Letter of Credit.

 

Section 2.23.5  Duties of Issuer.  Any action taken or omitted to be taken by an
Issuer under or in connection with any Facility Letter of Credit, if taken or
omitted in the absence of willful misconduct or gross negligence, shall not put
such Issuer under any resulting liability to any Lender or, assuming that such
Issuer has complied in all material respects with the procedures specified in Section 2.23.4,
relieve any Lender of its obligations hereunder to such Issuer.  In determining whether to pay under any
Facility Letter of Credit, such Issuer shall have no obligation to the Lenders
other than to confirm that any documents required to be delivered under such
Facility Letter of Credit appear to have been delivered in compliance and that
they appear to comply on their face with the requirements of such Facility
Letter of Credit.

 

Section 2.23.6  Participation.  (a)  Immediately upon the Closing Date
(in the case of the Existing Letters of Credit), and immediately upon issuance
after the Closing Date by an Issuer of any Facility Letter of Credit in
accordance with Section 2.23.4, each Lender shall be deemed to have
irrevocably and unconditionally purchased and received from such Issuer,
without recourse or warranty, an undivided interest and participation ratably
(in the proportion of such Lender’s Pro Rata Share) in such Facility Letter of
Credit (including, without limitation, all obligations of the Borrower with
respect thereto other than amounts owing to such Issuer under Section 2.15).

 

(b)                                 In the event that an Issuer makes any
payment under any Facility Letter of Credit and the Borrower shall not have
repaid such amount to such Issuer on or before the date of such payment by such
Issuer, such Issuer shall promptly so notify the Agent, which shall promptly so
notify each Lender.  Upon receipt of such
notice, each Lender shall promptly and unconditionally pay to the Agent for the
account of such Issuer the amount of such Lender’s Pro Rata Share of such
payment in same day funds, and the Agent shall promptly pay such amount, and
any other amounts received by the Agent for such Issuer’s account pursuant to
this

 

35

 

Section 2.23.6, to
such Issuer.  If the Agent so notifies
such Lender prior to 11:00 A.M. (Chicago time) on any Business Day, such
Lender shall make available to the Agent for the account of such Issuer such
Lender’s ratable share of the amount of such payment on such Business Day in
same day funds.  If and to the extent
such Lender shall not have so made its ratable share of the amount of such
payment available to the Agent for the account of the Issuer, such Lender
agrees to pay to the Agent for the account of the Issuer forthwith on demand
such amount, together with interest thereon, for each day from the date such
payment was first due until the date such amount is paid to the Agent for the
account of the Issuer, at the Federal Funds Effective Rate.  The failure of any Lender to make available
to the Agent for the account of an Issuer such Lender’s ratable share of any
such payment shall not relieve any other Lender of its obligation hereunder to
make available to the Agent for the account of such Issuer its ratable share of
any payment on the date such payment is to be made.

 

(c)                                  The payments made by the Lenders to an
Issuer in reimbursement of amounts paid by it under a Facility Letter of Credit
(as well as the Issuer’s ratable share, as Lender, of any amount that is drawn
under a Facility Letter of Credit and not reimbursed by the Borrower) shall
constitute, and the Borrower hereby expressly acknowledges and agrees that such
payments shall constitute, Loans hereunder (notwithstanding that the amounts
thereof may not comply with the provisions of Section 2.01.1(e)).  Such Loans shall be ABR Loans, subject to the
Borrower’s rights under this Article II.

 

(d)                                 Upon the request of the Agent or any
Lender, each Issuer shall furnish to the requesting Agent or Lender copies of
any Facility Letter of Credit or Reimbursement Agreement to which such Issuer
is party.

 

(e)                                  The obligations of the Lenders to make
payments to the Agent for the account of an Issuer with respect to a Facility
Letter of Credit shall be irrevocable, not subject to any qualification or
exception whatsoever and shall be made in accordance with the terms and
conditions of this Agreement under all circumstances, including, without
limitation, the following:

 

(i)                                     any
lack of validity or enforceability of this Agreement or any of the other Loan
Documents;

 

(ii)                                  the
existence of any claim, setoff, defense or other right which the Borrower may
have at any time against a beneficiary named in a Facility Letter of Credit or
any transferee of any Facility Letter of Credit (or any Person for whom any
such transferee may be acting), the Issuer, the Agent, any Lender, or any other
Person, whether in connection with this Agreement, any Facility Letter of
Credit, the transactions contemplated herein or any unrelated transactions
(including any underlying transactions between the Borrower or any Subsidiary
and the beneficiary named in any Facility Letter of Credit);

 

(iii)                               any draft, certificate
or any other document presented under the Facility Letter of Credit proving to
be forged, fraudulent, invalid or insufficient in any respect or any statement
therein being untrue or inaccurate in any respect;

 

36

 

(iv)                              the
surrender or impairment of any security for the performance or observance of
any of the terms of any of the Loan Documents;

 

(v)                                 any
failure by the Agent or an Issuer to make any reports required pursuant to Section 2.23.8;
or

 

(vi)                              the
occurrence of any Default or Event of Default.

 

(f)                                    For
purposes of determining the unused portion of the Aggregate Commitment and the
unused portion of a Lender’s Commitment under Sections 2.02.1 and 2.09(b), the
Aggregate Commitment shall be deemed used to the extent of the aggregate
undrawn face amount of the outstanding Facility Letters of Credit and the
Lender’s Commitment shall be deemed used to the extent of such Lender’s Pro
Rata Share of the aggregate undrawn face amount of the outstanding Facility
Letters of Credit.

 

Section 2.23.7  Compensation for Facility Letters of
Credit.  (a) 
The Borrower agrees to pay to the Agent, in the case of each Facility Letter of
Credit, the Facility Letter of Credit Fee therefor, payable quarterly in
arrears not later than five (5) Business Days following Agent’s delivery
to Borrower of the quarterly statement specifying the amount of the Facility
Letter of Credit Fees properly due and payable hereunder with respect to the
preceding calendar quarter (which payment shall be a pro rata portion of the
annual Facility Letter of Credit Fee for such preceding calendar quarter) and
on the Termination Date (which payment shall be in the amount of all accrued
and unpaid Facility Letter of Credit Fees). 
Facility Letter of Credit Fees shall be calculated, on a pro rata basis
for the period to which such payment applies, for actual days on which such Facility
Letter of Credit was outstanding during such period, on the basis of a 360-day
year.  The Agent shall, with reasonable
promptness following receipt from all Issuers of the reports provided for in Section 2.23.8
for the months of March, June, September and December, respectively,
deliver to the Borrower a quarterly statement of the Facility Letter of Credit
Fees then due and payable.  The Agent
shall promptly remit such Facility Letter of Credit Fees, when received by the
Agent, as follows:  (i) to each
Issuer, solely for its own account, with respect to each Facility Letter of
Credit issued by such Issuer, an amount per annum equal to the product of (A) 0.125%
per annum and (B) the undrawn outstanding amount of such Facility Letter
of Credit and (ii) to all Lenders, ratably, the balance of such Facility
Letter of Credit Fees.  Facility Letters
of Credit Fees shall be payable hereunder with respect to the Existing Letters
of Credit from and after the Closing Date.

 

(b)                                 An
Issuer shall also have the right to receive, solely for its own account, its
out-of-pocket costs of issuing and servicing Facility Letters of Credit, as the
Borrower may agree in writing.

 

Section 2.23.8  Issuer Reporting Requirements.  Each Issuer shall, no later than the third (3rd)
Business Day following the last day of each month, provide to the Agent a schedule of
the Facility Letters of Credit issued by it showing the Issuance Date, account
party, original face amount, amount (if any) paid thereunder, expiration date
and the reference number of each Facility Letter of Credit outstanding at any
time during such month (and indicating, with respect to each Facility Letter of
Credit, whether it is a Financial Letter of Credit or Performance Letter of
Credit) and the aggregate amount (if any) payable by the Borrower to such
Issuer

 

37

 

during the month pursuant to Section 2.15. Copies
of such reports shall be provided promptly to each Lender by the Agent.  The reporting requirements hereunder are in
addition to those set forth in Section 2.23.4.

 

Section 2.23.9  Indemnification; Nature of Issuer’s Duties.  (a)  In addition to amounts payable as
elsewhere provided in this Section 2.23, the Borrower hereby agrees to
protect, indemnify, pay and save the Agent, each Issuer and each Lender
harmless from and against any and all claims, demands, liabilities, damages,
losses, costs, charges and expenses (including reasonable attorneys’ fees)
arising from the claims of third parties against the Agent, any Issuer or any
Lender as a consequence, direct or indirect, of (i) the issuance of any
Facility Letter of Credit other than, in the case of an Issuer, as a result of
its willful misconduct or gross negligence, or (ii) the failure of an
Issuer to honor a drawing under a Facility Letter of Credit as a result of any
act or omission, whether rightful or wrongful, of any government, court or
other governmental agency or authority.

 

(b)                                 As among the Borrower, the Lenders, the
Agent and each Issuer, the Borrower assumes all risks of the acts and omissions
of, or misuse of Facility Letters of Credit by, the respective beneficiaries of
such Facility Letters of Credit.  In
furtherance and not in limitation of the foregoing, neither an Issuer nor the
Agent nor any Lender shall be responsible: (i) for the form, validity,
sufficiency, accuracy, genuineness or legal effect of any document submitted by
any party in connection with the application for and issuance of the Facility
Letters of Credit, even if it should in fact prove to be in any or all respects
invalid, insufficient, inaccurate, fraudulent or forged; (ii) for the
validity or sufficiency of any instrument transferring or assigning or
purporting to transfer or assign a Facility Letter of Credit or the rights or benefits
thereunder or proceeds thereof, in whole or in part, which may prove to be
invalid or ineffective for any reason; (iii) for failure of the
beneficiary of a Facility Letter of Credit to comply fully with conditions
required in order to draw upon such Facility Letter of Credit; (iv) for
errors, omissions, interruptions or delays in transmission or delivery of any
messages, by mail, cable, telegraph, telex, facsimile transmission or
otherwise; (v) for errors in interpretation of technical terms; (vi) for
any loss or delay in the transmission or otherwise of any document required in
order to make a drawing under any Facility Letter of Credit or of the proceeds
thereof; (vii) for the misapplication by the beneficiary of a Facility
Letter of Credit of the proceeds of any drawing under such Facility Letter of
Credit; or (viii) for any consequences arising from causes beyond the
control of the Agent, such Issuer and the Lenders including, without
limitation, any act or omission, whether rightful or wrongful, of any
government, court or other governmental agency or authority.  None of the above shall affect, impair, or
prevent the vesting of any of such Issuer’s rights or powers under this Section 2.23.9.

 

(c)                                  In furtherance and extension and not in
limitation of the specific provisions hereinabove set forth, any action taken
or omitted by an Issuer under or in connection with the Facility Letters of
Credit or any related certificates, if taken or omitted in good faith, shall
not put such Issuer, the Agent or any Lender under any resulting liability to
the Borrower or relieve the Borrower of any of its obligations hereunder to any
such Person, but the foregoing shall not relieve such Issuer of its obligation
to confirm that any documents required to be delivered under a Facility Letter
of Credit appear to have been delivered in compliance and that they appear to
comply on their face with the requirements of such Facility Letter of Credit.

 

38

 

(d)                                 Notwithstanding anything to the contrary
contained in this Section 2.23.9, the Borrower shall have no obligation to
indemnify an Issuer under this Section 2.23.9 in respect of any liability
incurred by an Issuer arising primarily out of the willful misconduct or gross
negligence of such Issuer, as determined by a court of competent jurisdiction,
or out of the wrongful dishonor by such Issuer of a proper demand for payment
made under the Facility Letters of Credit issued by such Issuer, unless such
dishonor was made at the request of the Borrower.

 

Section 2.23.10  Designation or Resignation of Issuer.  (a)  Upon request by the Borrower and
approval by the Agent, a Lender may at any time agree to be designated as an
Issuer hereunder, which designation shall be set forth in a written instrument
or instruments delivered by the Borrower, the Agent and such Lender.  The Agent shall promptly deliver to the other
Lenders a copy of such instrument or instruments.  From and after such designation and unless
and until such Lender resigns as an Issuer in accordance with Section 2.23.10(b),
such Lender shall have all of the rights and obligations of an Issuer
hereunder.

 

(b)                                 An
Issuer shall continue to be the Issuer unless and until (i) it shall have
given the Borrower and the Agent notice that it has elected to resign as Issuer
and (ii) unless there is, at the time of such notice, at least one other
Issuer, another Lender shall have agreed to be the replacement Issuer and shall
have been approved in writing by the Agent and the Borrower.  A resigning Issuer shall continue to have the
rights and obligations of the Issuer hereunder solely with respect to Facility
Letters of Credit theretofore issued by it notwithstanding the designation of a
replacement Issuer hereunder, but upon its notice of resignation (or, if at the
time of such notice, there is not at least one other Issuer, then upon such
designation of a replacement Issuer), the resigning Issuer shall not thereafter
issue any Facility Letters of Credit (unless it shall again thereafter be
designated as an Issuer in accordance with the provisions of this Section 2.23.10).  The assignment of, or grant of a
participation interest in, all or any part of its Commitment or Loans by a
Lender that is also the Issuer shall not constitute an assignment or transfer
of any of its rights or obligations as an Issuer.

 

Section 2.23.11  Termination of Issuer’s Obligation.  In the event that the Lenders’ obligations to
make Loans terminate or are terminated as provided in Section 8.01, each
Issuer’s obligation to issue Facility Letters of Credit shall also terminate.

 

Section 2.23.12  Obligations of Issuer and Other Lenders.  Except to the extent that a Lender shall have
agreed to be designated as an Issuer, no Lender shall have any obligation to
accept or approve any request for, or to issue, amend or extend, any Letter of
Credit, and the obligations of an Issuer to issue, amend or extend any Facility
Letter of Credit are expressly limited by and subject to the provisions of this
Section 2.23.

 

Section 2.23.13  Facility Letter of
Credit Collateral Account.  The Borrower agrees that it will, upon the
request of the Agent or the Required Lenders and until the final expiration
date of any Facility Letter of Credit and thereafter as long as any amount is
payable to the Issuer or the Lenders in respect of any Facility Letter of
Credit, maintain a special collateral account pursuant to arrangements
satisfactory to the Agent (the “Facility Letter of Credit Collateral Account”)
at the Agent’s office at the address specified pursuant to Section 11.02,
in the name of the Borrower but under the sole dominion and control of the
Agent, for the benefit

 

39

 

of the Lenders and in which such Borrower shall have
no interest other than as set forth in Section 8.01.  The Borrower hereby pledges, assigns and
grants to the Agent, on behalf of and for the ratable benefit of the Lenders
and the Issuer, a security interest in all of the Borrower’s right, title and
interest in and to all funds which may from time to time be on deposit in the
Facility Letter of Credit Collateral Account to secure the prompt and complete
payment and performance of (a) the obligations of the Borrower to
reimburse the Issuer and (if applicable) the Lenders for amounts (if any) from
time to time drawn on Facility Letters of Credit and interest thereon and other
sums from time to time payable under Reimbursement Agreements, and (b) if
and when all such obligations of the Borrower have been paid in full and no Facility
Letters of Credit remain outstanding, all other Obligations.  The Agent will invest any funds on deposit
from time to time in the Facility Letter of Credit Collateral Account in
certificates of deposit of JPMorgan Chase Bank having a maturity not exceeding
30 days.  Nothing in this Section 2.23.13
shall either obligate the Agent to require the Borrower to deposit any funds in
the Facility Letter of Credit Collateral Account or limit the right of the
Agent to release any funds held in the Facility Letter of Credit Collateral
Account in each case other than as required by Section 8.01.

 

Section 2.23.14  Issuer’s Rights.  All of the representations, warranties,
covenants and agreements of the Borrower to the Lenders under this Agreement
and of the Borrower under any other Loan Document shall inure to the benefit of
each Issuer (unless the context otherwise indicates).

 

ARTICLE III

CONDITIONS PRECEDENT

 

Section 3.01  Conditions Precedent to Initial Loans.  The Lenders shall not be required to make the
initial Loans hereunder or to issue or participate in any Facility Letters of
Credit hereunder unless and until (a) the Borrower has paid to the Agent
the applicable fees referred to in Sections 2.09(a) and (c), (b) all
principal, interest, fees and other amounts payable under the Original Credit
Agreement have been paid in full (which payment may be made in whole or in part
from the proceeds of the initial Loans hereunder), and (c) the Agent shall
have received each of the following, in form and substance satisfactory to the
Agent:

 

(1)                                  Notes. 
A Note payable to each Lender duly executed by the Borrower;

 

(2)                                  Guaranty. 
The Guaranty duly executed by the Guarantors;

 

(3)                                  Evidence of all corporate action
by the Borrower.  Certified copies of all corporate action taken
by the Borrower, including resolutions of its Board of Directors, authorizing
the execution, delivery and performance of the Loan Documents to which it is a
party and each other document to be delivered pursuant to this Agreement;

 

(4)                                  Incumbency and signature
certificate of Borrower.  A certificate of the Secretary
or Assistant Secretary of the Borrower certifying the names and true signatures
of the officers of the Borrower authorized to sign the Loan Documents to which
it is a party and the other documents to be delivered by the Borrower under
this Agreement;

 

40

 

(5)                                  Articles of Incorporation of
Borrower.  Copies of the articles of incorporation of
the Borrower, together with all amendments, and a certificate of good standing,
all certified by the appropriate governmental officer in its jurisdiction of
incorporation;

 

(6)                                  Opinions of counsel for Borrower. 
A favorable opinion of Paul, Hastings, Janofsky & Walker LLP,
counsel for the Borrower and for the Guarantors that are Delaware or Georgia
Persons, in substantially the form of Exhibit E and of the Borrower’s
Illinois counsel (as approved by the Agent), in substantially the form of Exhibit F;

 

(7)                                  Evidence of all corporate,
partnership or limited liability company action by Guarantors. 
With respect to each corporate Guarantor, certified (as of the date of
this Agreement) copies of all corporate action taken by such Guarantor,
including resolutions of its Board of Directors, authorizing the execution, delivery,
and performance of the applicable Guaranty, and with respect to each limited
partnership Guarantor and limited liability company Guarantor, partnership
action or limited liability company action (as applicable) taken by such
Guarantor, including any and all necessary partnership consents or limited
liability company consents (as applicable) authorizing the execution, delivery,
and performance of the applicable Guaranty;

 

(8)                                  Articles of Incorporation of
Guarantors.  Copies of the articles of incorporation of
each corporate Guarantor, together with all amendments, all certified by the
appropriate governmental officer in its jurisdiction of incorporation;

 

(9)                                  Incumbency and signature
certificate of Guarantors.  A certificate (dated as of the
date of this Agreement) of the Secretary or Assistant Secretary of each
corporate Guarantor or the general partner of each partnership Guarantor or
managing member of each limited liability company certifying the names and true
signatures of the officers of each such corporate Guarantor and the
representative or officer of each partnership Guarantor or limited liability
company Guarantor authorized to sign the Guaranty;

 

(10)                            Opinion of counsel for Certain
Guarantors.  With respect to such Guarantors (other than those
formed or organized to do business under the laws of Delaware or Georgia) as
the Agent may require, a favorable opinion of counsel to each such Guarantor in
the state in which it is formed or organized to do business (as approved by the
Agent), in form similar to that furnished with respect to the Guarantors formed
or organized to do business under the laws of Delaware or Georgia and
satisfactory to the Agent;

 

(11)                            Partnership agreement. 
A true and complete copy of the limited partnership agreement of each
limited partnership Guarantor, including without limitation any and all
amendments and modifications thereto, and any and all filed partnership
certificates;

 

(12)                            Limited Liability Company
Documents.  A true and complete copy of the limited
liability company agreement or operating agreement of each limited liability
company Guarantor, including without limitation any and all amendments and
modifications thereto, and a certified copy of such Guarantor’s certificate of
formation;

 

41

 

(13)                            Good Standing Certificates. 
For each Guarantor a certificate of good standing from the appropriate
governmental officer in its jurisdiction of incorporation or formation;

 

(14)                            Financial Projections. 
Unless previously delivered to the Agent pursuant to the Original Credit
Agreement, the two-year financial projections due August 15, 2005 under
the Original Credit Agreement; and

 

(15)                            Other Documents. 
Such other and further documents as any Lender or its counsel may have
reasonably requested.

 

Notwithstanding the foregoing, the parties hereto
acknowledge and agree that the Agent, at its election, may waive, with respect
to the Guarantors, the requirement for delivery of the documents identified in
items (8), (11) and (12) above, provided and to the extent that the Borrower
delivers or causes the applicable Guarantors to deliver to the Agent a
certificate that such documents, as most recently delivered to the Agent or
Bank One, NA pursuant to the Original Credit Agreement (or a predecessor credit
agreement) have not been modified or amended and remain in full force and
effect.

 

Section 3.02  Conditions Precedent to All Loans.  The obligation of each Lender to make each
Loan (including, in the case of the Swing Line Lender, any Swing Line Loan)
shall be subject to the further conditions precedent that (except as
hereinafter provided) on the date of such Loan:

 

(1)                                  The
following statements shall be true and the Agent shall have received a
certificate, substantially in the form of the certificate attached hereto as Exhibit D,
signed by a duly authorized officer of the Borrower dated the date of such
Loan, stating that:

 

(a)                                  The
representations and warranties contained in Article IV of this Agreement
are correct on and as of the date of such Loan as though made on and as of such
date except to the extent that any such representation or warranty is stated to
relate solely to an earlier date, in which case such representation or warranty
is correct as of such earlier date;

 

(b)                                 No
Default or Event of Default has occurred and is continuing, or would result
from such Loan; and

 

(c)                                  If
applicable under Section 7.03, upon the making of the requested Loans, the
aggregate outstanding amount of Borrowing Base Debt shall not exceed the Borrowing
Base as of the most recent Inventory Valuation Date; and

 

(2)                                  The
Agent shall have received such other approvals, opinions, or documents as any
Lender through the Agent may reasonably request; and

 

42

 

(3)                                  Such
further documents as any Lender or its counsel may have reasonably
requested.  All matters incident to the
making of such Loan shall be reasonably satisfactory to the Lenders and their
counsel.

 

Notwithstanding the foregoing, in the case of a Loan (provided
for in Section 2.21(d)) made to repay a Swing Line Loan, the satisfaction
of the foregoing conditions with respect to such Swing Line Loan shall
constitute satisfaction of such conditions with respect to the Loan made on the
next succeeding Business Day to repay such Swing Line Loan.

 

ARTICLE IV

REPRESENTATIONS AND WARRANTIES

 

The Borrower represents and warrants that:

 

Section 4.01  Incorporation, Formation, Good Standing,
and Due Qualification. 
The Borrower, each Subsidiary, and each of the Guarantors is (in the
case of a corporation) a corporation duly incorporated or (in the case of a
limited partnership) a limited partnership duly formed or (in the case of a
limited liability company) a limited liability company duly formed, validly
existing, and in good standing under the laws of the jurisdiction of its
incorporation or formation; has the power and authority to own its assets and
to transact the business in which it is now engaged or proposed to be engaged
in; and is duly qualified and in good standing under the laws of each other
jurisdiction in which such qualification is required.

 

Section 4.02  Power and Authority.  The execution, delivery and performance by
the Borrower and the Guarantors of the Loan Documents to which each is a party
have been duly authorized by all necessary corporate, partnership or limited
liability company action, as the case may be, and do not and will not (1) require
any consent or approval of the stockholders of such corporation, partners of
such partnership or members of such limited liability company (except such
consents as have been obtained as of the date hereof); (2) contravene such
corporation’s charter or bylaws, such partnership’s partnership agreement or
such limited liability company’s articles or certificate of formation or
operating agreement; (3) violate, in any material respect, any provision
of any law, rule, regulation (including, without limitation, Regulations U and
X of the Board of Governors of the Federal Reserve System), order, writ,
judgment, injunction, decree, determination, or award presently in effect
having applicability to such corporation, partnership or limited liability
company; (4) result in a breach of or constitute a default under any
indenture or loan or credit agreement or any other material agreement, lease,
or instrument to which such corporation, partnership or limited liability
company is a party or by which it or its properties may be bound or affected; (5) result
in, or require, the creation or imposition of any Lien, upon or with respect to
any of the properties now owned or hereafter acquired by such corporation,
partnership or limited liability company; and (6) cause such corporation,
partnership or limited liability company to be in default, in any material
respect, under any such law, rule, regulation, order, writ, judgment,
injunction, decree, determination, or award or any such indenture, agreement,
lease or instrument.

 

Section 4.03  Legally Enforceable Agreement.  This Agreement is, and each of the other Loan
Documents when delivered under this Agreement will be legal, valid, and binding
obligations of the Borrower or each Guarantor, as the case may be, enforceable
against the

 

43

 

Borrower or each Guarantor, as the case may be, in
accordance with their respective terms, except to the extent that such
enforcement may be limited by applicable bankruptcy, insolvency, and other
similar laws affecting creditors’ rights generally.

 

Section 4.04  Financial Statements.  The consolidated balance sheet of the
Borrower and its Subsidiaries as at March 31, 2005, and the consolidated
statements of operations, cash flow and changes to stockholders’ equity of the
Borrower and its Subsidiaries for the period of two fiscal quarters ended March 31,
2005, are complete and correct and fairly present as at such date the financial
condition of the Borrower and its Subsidiaries and the results of their
operations for the periods covered by such statements, all in accordance with
GAAP consistently applied (subject to year-end adjustments), and since March 31,
2005, there has been no material adverse change in the condition (financial or
otherwise), business, or operations of the Borrower and its Subsidiaries.  There are no liabilities of the Borrower or
any Subsidiary, fixed or contingent, which are material but are not reflected
in the financial statements or in the notes thereto, other than liabilities
arising in the ordinary course of business since March 31, 2005.  No information, exhibit, or report furnished
by the Borrower to any Lender in connection with the negotiation of this
Agreement, taken together, contained any material misstatement of fact or
omitted to state a material fact or any fact necessary to make the statements
contained therein not materially misleading.

 

Section 4.05  Labor Disputes and Acts of God.  Neither the business nor the properties of
the Borrower or any Subsidiary or any Guarantor are affected by any fire,
explosion, accident, strike, lockout, or other labor dispute, drought, storm,
hail, earthquake, embargo, act of God or of the public enemy, or other casualty
(whether or not covered by insurance), materially and adversely affecting such
business or properties or the operation of the Borrower or such Subsidiary or
such Guarantor.

 

Section 4.06  Other Agreements.  Neither the Borrower nor any Significant
Subsidiary nor any Significant Guarantor is a party to any indenture, loan, or
credit agreement, or to any lease or other agreement or instrument or subject
to any charter, corporate or other restriction which could have a material
adverse effect on the business, properties, assets, operations, or conditions,
financial or otherwise, of the Borrower or any Significant Subsidiary or any
Significant Guarantor, or the ability of the Borrower or any Significant
Guarantor to carry out its obligations under the Loan Documents to which it is
a party.  Neither the Borrower nor any
Significant Subsidiary nor any Significant Guarantor is in default in any
material respect in the performance, observance, or fulfillment of any of the
obligations, covenants, or conditions contained in any agreement or instrument
material to its business to which it is a party.

 

Section 4.07  Litigation.  Except as disclosed in Schedules 4.07
or 4.14 hereto or reflected in or reserved for in the financial
statements referred to in Section 4.04, there is no pending or, to the
knowledge of the Borrower or any Guarantor, threatened action or proceeding
against or affecting the Borrower or any Significant Subsidiary or any
Significant Guarantor before any court, governmental agency, or arbitrator,
which may, in any one case or in the aggregate, materially adversely affect the
financial condition, operations, properties, or business of the Borrower or any
Significant Subsidiary or any Significant Guarantor or the ability of the
Borrower or any Significant Guarantor to perform its obligations under the Loan
Documents to which it is a party.

 

44

 

Section 4.08  No Defaults on Outstanding Judgments or
Orders.  Except for
judgments with respect to which the liability of the Borrower, each Significant
Subsidiary and each Significant Guarantor does not exceed $10,000,000 in the
aggregate for all such judgments, (a) the Borrower, each Significant
Subsidiary and each Significant Guarantor have satisfied all judgments, and (b) neither
the Borrower nor any Significant Subsidiary nor any Significant Guarantor is in
default with respect to any judgment, writ, injunction, decree, rule, or
regulation of any court, arbitrator, or federal, state, municipal, or other
governmental authority, commission, board, bureau, agency, or instrumentality,
domestic or foreign.

 

Section 4.09  Ownership and Liens.  The Borrower and each Subsidiary and each
Guarantor have title to, or valid leasehold interests in, all of their
respective properties and assets, real and personal, including the properties
and assets and leasehold interests reflected in the financial statements
referred to in Section 4.04 (other than any properties or assets disposed
of in the ordinary course of business), and none of the properties and assets
owned by the Borrower or any Subsidiary or any Guarantor and none of their
leasehold interests is subject to any Lien, except such as may be permitted
pursuant to Section 6.01.

 

Section 4.10  Subsidiaries and Ownership of Stock.  Set forth in Schedule 4.10 hereto
is a complete and accurate list of the Subsidiaries of the Borrower, showing
the jurisdiction of incorporation or formation of each and showing the
percentage of the Borrower’s ownership of the outstanding stock or partnership
interest or membership interest of each Subsidiary.  All of the outstanding capital stock of each
such corporate Subsidiary has been validly issued, is fully paid and
nonassessable, and is owned by the Borrower free and clear of all Liens.  The limited partnership agreement of each
such limited partnership Subsidiary is in full force and effect and has not
been amended or modified, except for such amendments or modifications as are
delivered to the Agent under Section 3.01(11).  Each of the Guarantors is a Wholly-Owned
Subsidiary of the Borrower.

 

Section 4.11  ERISA.  The Borrower and each Subsidiary and each
Guarantor are in compliance in all material respects with all applicable
provisions of ERISA.  Neither a
Reportable Event nor a Prohibited Transaction has occurred and is continuing
with respect to any Plan; no notice of intent to terminate a Plan has been
filed, nor has any Plan been terminated; no circumstances exist which
constitute grounds entitling the PBGC to institute proceedings to terminate, or
appoint a trustee to administer, a Plan, nor has the PBGC instituted any such
proceedings; neither the Borrower nor any Commonly Controlled Entity has completely
or partially withdrawn from a Multiemployer Plan under circumstances that could
subject the Borrower or any Subsidiary to material withdrawal liability; the
Borrower and each Commonly Controlled Entity have met their minimum funding
requirements under ERISA with respect to all of their Plans and the present
value of all vested benefits under each Plan does not materially exceed the
fair market value of all Plan assets allocable to such benefits, as determined
on the most recent valuation date of the Plan and in accordance with the
provisions of ERISA; and neither the Borrower nor any Commonly Controlled
Entity has incurred any material liability to the PBGC under ERISA.

 

Section 4.12  Operation of Business.  The Borrower, each Subsidiary and each Guarantor
possess all licenses, permits, franchises, patents, copyrights, trademarks, and
trade names, or rights thereto, to conduct their respective businesses
substantially as now conducted

 

45

 

and as presently proposed to be conducted and the
Borrower and each of its Subsidiaries and each Guarantor are not in violation
of any valid rights of others with respect to any of the foregoing where the
failure to possess such licenses, permits, franchises, patents, copyrights,
trademarks, trade names or rights thereto or the violation of the valid rights
of others with respect thereto may, in any one case or in the aggregate,
adversely affect in any material respect the financial condition, operations,
properties, or business of the Borrower or any Significant Subsidiary or any
Significant Guarantor or the ability of the Borrower or any Significant
Guarantor to perform its obligation under the Loan Documents to which it is a
party.

 

Section 4.13  Taxes.  All income tax liabilities or income tax
obligations of the Borrower, each Subsidiary and each Guarantor have been paid
or have been accrued by or reserved for by the Borrower.  The Borrower constitutes the parent of an
affiliated group of corporations for purposes of filing a consolidated United
States federal income tax return.

 

Section 4.14  Laws; Environment.  Except as disclosed in Schedule 4.14
hereto, (a) the Borrower, each Subsidiary and each Guarantor have duly
complied, and their businesses, operations, assets, equipment, property,
leaseholds, or other facilities are in compliance, in all material respects,
with the provisions of all federal, state, and local statutes, laws, codes, and
ordinances and all rules and regulations promulgated thereunder (including
without limitation those relating to the environment, health and safety); (b) the
Borrower, each Subsidiary and each Guarantor have been issued and will maintain
all required federal, state, and local permits, licenses, certificates, and
approvals relating to (1) air emissions; (2) discharges to surface
water or groundwater; (3) noise emissions; (4) solid or liquid waste
disposal; (5) the use, generation, storage, transportation, or disposal of
toxic or hazardous substances or hazardous wastes (intended hereby and
hereafter to include any and all such materials listed in any federal, state,
or local law, code, or ordinance and all rules and regulations promulgated
thereunder as hazardous); or (6) to the extent that failure to maintain
the same may, in any one case or in the aggregate, adversely affect in any
material respect the financial condition, operations, properties, or business
of the Borrower or any Significant Subsidiary or any Significant Guarantor or
the ability of the Borrower or any Significant Guarantor to perform its
obligations under the Loan Documents to which it is a party, other
environmental, health or safety matters; (c) neither the Borrower nor any
Subsidiary nor any Guarantor has received notice of, or has actual knowledge of
any violations of any federal, state, or local environmental, health, or safety
laws, codes or ordinances or any rules or regulations promulgated
thereunder with respect to its businesses, operations, assets, equipment,
property, leaseholds, or other facilities, which violation may, in any one case
or in the aggregate, adversely affect in any material respect the financial
condition, operations, properties, or business of the Borrower or any
Significant Subsidiary or any Significant Guarantor or the ability of the Borrower
or any Significant Guarantor to perform its obligations under the Loan
Documents to which it is a party; (d) except in accordance with a valid
governmental permit, license, certificate or approval, there has been no
material emission, spill, release, or discharge into or upon (1) the air; (2) soils,
or any improvements located thereon; (3) surface water or groundwater; or (4) the
sewer, septic system or waste treatment, storage or disposal system servicing
the premises, of any toxic or hazardous substances or hazardous wastes at or
from the premises; and accordingly the premises of the Borrower, each
Subsidiary and each Guarantor have not been adversely affected, in any material
respect, by any toxic or hazardous substances or wastes; (e) there has been
no complaint, order, directive, claim, citation, or notice by any governmental
authority or any person or entity with respect to

 

46

 

violations of law or damages by reason of Borrower’s
or any Subsidiary’s (1) air emissions; (2) spills, releases, or
discharges to soils or improvements located thereon, surface water, groundwater
or the sewer, septic system or waste treatment, storage or disposal systems
servicing the premises; (3) noise emissions; (4) solid or liquid
waste disposal; (5) use, generation, storage, transportation, or disposal
of toxic or hazardous substances or hazardous waste; or (6) other
environmental, health or safety matters affecting the Borrower, any Subsidiary
or any Guarantor or its business, operations, assets, equipment, property,
leaseholds, or other facilities; and (f) neither the Borrower nor any
Subsidiary nor any Guarantor has any material indebtedness, obligation, or
liability, absolute or contingent, matured or not matured, with respect to the
storage, treatment, cleanup, or disposal of any solid wastes, hazardous wastes,
or other toxic or hazardous substances (including without limitation any such
indebtedness, obligation, or liability with respect to any current regulation, law,
or statute regarding such storage, treatment, cleanup, or disposal).

 

Section 4.15  Investment Company Act.  Neither the Borrower nor any Subsidiary
thereof is an “investment company” or a company “controlled” by an “investment
company,” within the meaning of the Investment Company Act of 1940, as amended.

 

Section 4.16  Public Utility Holding Company Act.  Neither the Borrower nor any Subsidiary is a “holding
company” or a “subsidiary company” of a “holding company,” or an “affiliate” of
a “holding company” or of a “subsidiary company” of a “holding company,” within
the meaning of the Public Utility Holding Company Act of 1935, as amended.

 

Section 4.17  OFAC.  Neither Borrower nor any Guarantor is (or
will be) a person with whom any Lender is restricted from doing business under
regulations of the Office of Foreign Asset Control (“OFAC”) of the Department
of the Treasury of the United States of America (including, those Persons named
on OFAC’s Specially Designated and Blocked Persons list) or under any statute,
executive order (including, the September 24, 2001 Executive Order
Blocking Property and Prohibiting Transactions With Persons Who Commit,
Threaten to Commit, or Support Terrorism), or other governmental action and is
not and shall not engage in any dealings or transactions or otherwise be
associated with such persons.  In
addition, Borrower hereby agrees to provide to any Lender with any additional
information that such Lender deems necessary from time to time in order to
ensure compliance with all applicable Laws concerning money laundering and
similar activities.

 

Section 4.18  Accuracy of Information.  The representations and warranties by the
Borrower or any Guarantor contained herein or in any other Loan Document or
made hereunder or in any other Loan Document and the certificates, schedules,
exhibits, reports or other documents provided or to be provided by the Borrower
or any Guarantor in connection with the transactions contemplated hereby or
thereby (including, without limitation, the negotiation of and compliance with
the Loan Documents), when taken together as a whole, do not contain and will
not contain a misstatement of a material fact or omit to state a material fact
required to be stated therein in order to make the statements contained
therein, in the light of the circumstances under which made, not misleading.

 

47

 

ARTICLE V

AFFIRMATIVE COVENANTS

 

So long as any Note shall remain unpaid or any
Facility Letter of Credit Obligations shall remain outstanding or any Lender
shall have any Commitment under this Agreement, the Borrower will (unless
otherwise agreed to by the Required Lenders in writing):

 

Section 5.01  Maintenance of Existence.  Preserve and maintain, and cause each
Subsidiary to preserve and maintain (except for a Subsidiary that ceases to
maintain its existence solely as a result of an Internal Reorganization), its
corporate, limited partnership or limited liability company existence and good
standing in the jurisdiction of its incorporation or formation and qualify and
remain qualified to transact business in each jurisdiction in which such
qualification is required.

 

Section 5.02  Maintenance of Records.  Keep and cause each Subsidiary to keep,
adequate records and books of account, in which complete entries will be made
in accordance with GAAP consistently applied, reflecting all financial
transactions of the Borrower and its Subsidiaries.

 

Section 5.03  Maintenance of Properties.  Maintain, keep, and preserve, and cause each
Subsidiary to maintain, keep, and preserve, all of its properties (tangible and
intangible) necessary or useful in the proper conduct of its business in good
working order and condition, ordinary wear and tear excepted.

 

Section 5.04  Conduct of Business.  Continue, and cause each Subsidiary to
continue (except in the case of a Subsidiary that ceases to engage in business
solely as a result of an Internal Reorganization), to engage in a business of
the same general type and in the same manner as conducted by it on the date of
this Agreement.

 

Section 5.05  Maintenance of Insurance.  Maintain, and cause each Subsidiary to
maintain, insurance with financially sound reputable insurance companies or
associations (or, in the case of insurance for construction warranties and
builder default protection for buyers of Housing Units from the Borrower or any
of its Subsidiaries or UHIC) in such amounts and covering such risks as are
usually carried by companies engaged in the same or a similar business and
similarly situated, which insurance may provide for reasonable deductibility
from coverage thereof.

 

Section 5.06  Compliance with Laws.  Comply, and cause each Subsidiary to comply,
in all material respects with all applicable laws, rules, regulations, and
orders, such compliance to include, without limitation, paying before the same
become delinquent all taxes, assessments and governmental charges imposed upon
it or upon its property, other than any such taxes, assessments and charges
being contested by the Borrower in good faith which will not have a material
adverse effect on the financial condition of the Borrower; and with respect to
the matters disclosed in Schedule 4.14, implement prudent measures
to achieve compliance with all relevant laws and regulations within a
reasonable time and in accordance with requirements negotiated with applicable
regulatory agencies.

 

Section 5.07  Right of Inspection.  At any reasonable time and from time to time,
permit any Bank or any agent or representative thereof to examine and make
copies of and abstracts

 

48

 

from the records and books of account of, and visit
the properties of, the Borrower and any Subsidiary, and to discuss the affairs,
finances, and accounts of the Borrower and any Subsidiary with any of their
respective officers and directors and the Borrower’s independent accountants.

 

Section 5.08  Reporting Requirements.  Furnish to the Agent for delivery to each of
the Lenders:

 

(1)                                  Quarterly financial statements. 
As soon as available and in any event within fifty (50) days after the
end of each of the first three quarters of each fiscal year of the Borrower, an
unaudited condensed consolidated balance sheet of the Borrower and its
Subsidiaries as of the end of such quarter, unaudited condensed consolidated
statements of operations and cash flow of the Borrower and its Subsidiaries for
the period commencing at the end of the previous fiscal year and ending with
the end of such quarter, and unaudited condensed consolidated statements of
changes in stockholders’ equity of the Borrower and its Subsidiaries for the
portion of the fiscal year ended with the last day of such quarter, all in
reasonable detail and stating in comparative form the respective figures for
the corresponding date and period in the previous fiscal year and all prepared
in accordance with GAAP consistently applied and certified by the chief
financial officer of the Borrower (subject to year-end adjustments); statements
in the form of the Borrower’s quarterly 10-Q report to the Securities and
Exchange Commission that are consistent with the foregoing requirements shall
satisfy such requirements.

 

(2)                                  Annual financial statements. 
As soon as available and in any event within ninety-five (95) days after
the end of each fiscal year of the Borrower, a consolidated balance sheet of
the Borrower and its Subsidiaries as of the end of such fiscal year,
consolidated statements of operations and cash flow of the Borrower and its
Subsidiaries for such fiscal year, and consolidated statements of changes in
stockholders’ equity of the Borrower and its Subsidiaries for such fiscal year,
all in reasonable detail and stating in comparative form the respective figures
for the corresponding date and period in the prior fiscal year and all prepared
in accordance with GAAP consistently applied and accompanied by an opinion
thereon acceptable to the Agent by Deloitte & Touche or other
independent accountants selected by the Borrower and acceptable to the Agent;
statements in the form of the Borrower’s annual 10-K report to the Securities
and Exchange Commission that are consistent with the foregoing requirements
shall satisfy such requirements.

 

(3)                                  Financial projections. 
On August 15, 2006 and each anniversary thereof, two-year financial
projections (including a consolidated income statement, balance sheet and
statement of cash flows for the Borrower and its Subsidiaries) broken down by
quarters, and as soon as available (but not later than June 15 of each
year), a mid-year update of the financial projections for the current year.

 

(4)                                  Variance analysis.  (a) 
Within fifty (50) days of the end of each of the first three fiscal quarters of
each fiscal year of the Borrower, a quarterly variance analysis comparing
actual quarterly results versus the most recently projected quarterly results
for the fiscal quarter most recently ended (including consolidated income
statements of the Borrower and its Subsidiaries, an analysis of revenues,
closings and operating profits of the Borrower and each Subsidiary on a state
by state basis, and such other items as are requested by any of the Lenders),
together with a written explanation of material variances.

 

49

 

(b)                                 Within ninety-five (95) days after the
end of each fiscal year of the Borrower, a quarterly variance analysis
comparing actual quarterly results versus the most recently projected quarterly
results for the fiscal year most recently ended (including consolidated income
statements of the Borrower and its Subsidiaries accompanied by an opinion
thereon acceptable to the Agent by Deloitte & Touche or other
independent accountants selected by the Borrower and acceptable to the Agent,
an analysis of revenues, closings and operating profits of the Borrower and
each Subsidiary on a state by state basis, and such other items as are
requested by any of the Lenders), together with a written explanation of
material variances.

 

(5)                                  Management letters. 
Promptly upon receipt thereof, copies of any reports submitted to the
Borrower or any Subsidiary by independent certified public accountants in
connection with examination of the financial statements of the Borrower or any
Subsidiary made by such accountants.

 

(6)                                  Borrowing Base Certificate. 
Within thirty-five (35) days after the end of each calendar month
(without regard to whether the provisions of Sections 2.01.3 and 7.03 are then
applicable), a Borrowing Base Certificate, with respect to the Inventory
Valuation Date occurring on the last day of such calendar month.

 

(7)                                  Compliance certificate. 
Within fifty (50) days after the end of each of the first three
quarters, and within ninety-five (95) days after the end of each fourth
quarter, of each fiscal year of the Borrower, a certificate of the President or
chief financial officer of the Borrower certifying (a) the Borrower’s
compliance with all financial covenants including, without limitation, those
set forth in Section 6.10 and Article VII hereof, which certificate
shall set forth in reasonable detail the computation thereof and (b) certifying
that to the best of his knowledge no Default or Event of Default has occurred
and is continuing, or if a Default or Event of Default has occurred and is
continuing, a statement as to the nature thereof and the action which is
proposed to be taken with respect thereto.

 

(8)                                  Land Bank Inventory. 
Within fifty (50) days after the end of each of the first three
quarters, and within ninety-five (95) days after the end of each fourth
quarter, of each fiscal year of the Borrower, a certificate of the President or
Chief Operating Officer of the Borrower certifying the Land as at such date,
which lists by state of location all Land, delineating Finished Lots, Lots
under Development, Entitled Land and estimated undeveloped Lots.

 

(9)                                  Accountant’s report. 
Simultaneously with the delivery of the annual financial statements
referred to in Section 5.08(2), a certificate of the independent public
accountants who audited such statements to the effect that, in making the
examination necessary for the audit of such statements, they have obtained no
knowledge of any condition or event which constitutes a Default or Event of
Default, or if such accountants shall have obtained knowledge of any such
condition or event, specifying in such certificate each such condition or event
of which they have knowledge and the nature and status thereof.

 

(10)                            Notice of litigation. 
Promptly after the commencement thereof, notice of all actions, suits,
and proceedings before any court or governmental department, commission, board,
bureau, agency, or instrumentality, domestic or foreign, affecting the Borrower
or any Subsidiary which, if determined adversely to the Borrower or such
Subsidiary, would reasonably

 

50

 

be expected to result in
a judgment against the Borrower or such Subsidiary in excess of $10,000,000 (to
the extent not covered by insurance) or would reasonably be expected to have a
material adverse effect on the financial condition, properties, or operations
of the Borrower or such Subsidiary.

 

(11)                            Notice of Defaults and Events of
Default.  As soon as possible and in any event within
ten (10) days after the occurrence of each Default or Event of Default, a
written notice setting forth the details of such Default or Event of Default
and the action which is proposed to be taken by the Borrower with respect
thereto.

 

(12)                            ERISA reports. 
As soon as possible, and in any event within thirty (30) days after the
Borrower knows or has reason to know that any circumstances exist that
constitute grounds entitling the PBGC to institute proceedings to terminate a
Plan subject to ERISA with respect to the Borrower or any Commonly Controlled
Entity, and promptly but in any event within two (2) Business Days of
receipt by the Borrower or any Commonly Controlled Entity of notice that the
PBGC intends to terminate a Plan or appoint a trustee to administer the same,
and promptly but in any event within five (5) Business Days of the receipt
of notice concerning the imposition of withdrawal liability in excess of
$50,000 with respect to the Borrower or any Commonly Controlled Entity, the
Borrower will deliver to each Lender a certificate of the chief financial
officer of the Borrower setting forth all relevant details and the action which
the Borrower proposes to take with respect thereto.

 

(13)                            Reports to other creditors. 
Promptly after the furnishing thereof, copies of any statement, report,
document, notice, certificate, and correspondence furnished to any other party
pursuant to the terms of any indenture, loan, credit, or similar agreement and
not otherwise required to be furnished to the Lenders pursuant to any other
clause of this Section 5.08.

 

(14)                            Proxy statements, etc. 
Promptly after the sending or filing thereof, copies of all proxy
statements, financial statements, and reports which the Borrower or any
Subsidiary sends to its stockholders, and copies of all regular, periodic, and
special reports, and all registration statements which the Borrower or any
Subsidiary files with the Securities and Exchange Commission or any
governmental authority which may be substituted therefor, or with any national
securities exchange.

 

(15)                            Borrowing Base Certificate Prior to Acquisition.  Not less than ten (10) days prior to the
consummation of any Permitted Acquisition (without regard to whether the
provisions of Sections 2.01.3 and 7.03 are then applicable), a Borrowing Base
Certificate that includes all assets that would have been included in the
Borrowing Base had the Permitted Acquisition been consummated as of the last
day of the most recent calendar month, provided, however, that such Borrowing
Base Certificate shall expressly state that it is delivered in anticipation of,
and shall only be effective hereunder (if then applicable) for purposes of
Borrowings made at the time of or after, the consummation of such Permitted
Acquisition (it being understood that, until the consummation of such Permitted
Acquisition, the previously delivered Borrowing Base Certificate shall remain
in effect) and shall further expressly state that, before and after giving
effect to such Acquisition, no Default or Event of Default has occurred and is
continuing.

 

51

 

(16)                            General information. 
Such other information respecting the condition or operations, financial
or otherwise, of the Borrower or any Subsidiary as any Lender may from time to
time reasonably request.

 

Section 5.09  Subsidiary Reporting Requirements.  In the event any of the following statements
are prepared with respect to any Subsidiary, then upon written request from any
Lender, furnish to the Agent for delivery to each of the Lenders the following
with respect to any Subsidiary:

 

(1)                                  Quarterly financial statements. 
An unaudited balance sheet of such Subsidiary as of the end of most
recently completed fiscal quarter, statements of operations and cash flow of
such Subsidiary for the period commencing at the end of the previous fiscal
year and ending with the end of such quarter, and statements of changes in
stockholders’ equity of such Subsidiary for the portion of the fiscal year
ended with the last day of such quarter, all in reasonable detail and stating
in comparative form the respective figures for the corresponding date and
period in the previous fiscal year and all prepared in accordance with GAAP
consistently applied and certified by the chief financial officer of such
Subsidiary (subject to year-end adjustments).

 

(2)                                  Annual financial statements. 
A balance sheet of such Subsidiary as of the end of such fiscal year,
statements of operations and cash flow of such Subsidiary for such fiscal year,
and statements of changes in stockholders’ equity of such Subsidiary for such
fiscal year, all in reasonable detail and stating in comparative form the
respective figures for the corresponding date and period in the prior fiscal
year and all prepared in accordance with GAAP consistently applied and as to
the consolidated statements accompanied by an opinion thereon acceptable to the
Agent by Deloitte & Touche or other independent accountants selected
by the Borrower and acceptable to the Agent.

 

Section 5.10  Environment.  Be and remain, and cause each Subsidiary to
be and remain, in compliance with the provisions of all federal, state, and local
environmental, health, and safety laws, codes and ordinances, and all rules and
regulations issued thereunder; with respect to matters disclosed in Schedule 4.14,
implement prudent measures to achieve compliance with all relevant laws and
regulations within a reasonable time and in accordance with requirements
negotiated with applicable regulatory agencies; notify the Agent promptly of
any notice of a hazardous discharge or environmental complaint received from
any governmental agency or any other party (and the Agent shall notify the
Lenders promptly following its receipt of any such notice from the Borrower);
notify the Agent promptly of any hazardous discharge from or affecting its
premises (and the Agent shall notify the Lenders promptly following its receipt
of any such notice from the Borrower); promptly contain and remove the same, in
compliance with all applicable laws; promptly pay any fine or penalty assessed
in connection therewith; permit any Lender to inspect the premises, to conduct
tests thereon, and to inspect all books, correspondence, and records pertaining
thereto; and at such Lender’s request, and at the Borrower’s expense, provide a
report of a qualified environmental engineer, satisfactory in scope, form, and
content to the Required Lenders, and such other and further assurances
reasonably satisfactory to the Required Lenders that the condition has been
corrected.

 

52

 

Section 5.11  Use of Proceeds.  Use the proceeds of the Loans solely as
provided in Section 2.13.

 

Section 5.12  Ranking of Obligations.  Ensure that at all times its Obligations
under the Loan Documents shall be and constitute unconditional general
obligations of the Borrower ranking at least pari  passu with all
its other unsecured Debt.

 

Section 5.13  Taxes.  Pay and cause each Subsidiary to pay when due
all taxes, assessments and governmental charges and levies upon it or its
income, profits or property, except those which are being contested in good
faith by appropriate proceedings and with respect to which adequate reserves
have been set aside.

 

Section 5.14  Wholly-Owned Status.  Ensure that at all times each of the
Guarantors is a Wholly-Owned Subsidiary of the Borrower.

 

Section 5.15  New Subsidiaries.  Within fifty (50) days after the end of any
fiscal quarter of the Borrower during which any Person shall have become a
Subsidiary, cause such Subsidiary to execute and deliver to the Agent, for the
benefit of the Lenders, a Supplemental Guaranty and an opinion of counsel,
certified copies of resolutions, articles of incorporation, incumbency
certificates and other documents with respect to such Subsidiary and its
Guaranty substantially similar to the documents delivered pursuant to Section 3.01
with respect to the Guarantors, all of which shall be reasonably satisfactory
to the Agent in form and substance.  None
of the Title Companies nor UHIC nor BMC shall be required to deliver a
Guaranty.

 

ARTICLE VI

NEGATIVE COVENANTS

 

So long as any Note shall remain unpaid or any Facility
Letter of Credit Obligations shall remain outstanding or any Lender shall have
any Commitment under this Agreement, the Borrower and each Guarantor will not
(unless otherwise agreed to by the Required Lenders in writing):

 

Section 6.01  Liens.  Create, incur, assume, or suffer to exist, or
permit any Subsidiary to create, incur, assume, or suffer to exist, any Lien,
upon or with respect to any of its properties, now owned or hereafter acquired,
except the following:

 

(1)                                  Liens for taxes or assessments or other
government charges or levies if not yet due and payable or, if due and payable,
if they are being contested in good faith by appropriate proceedings and for
which appropriate reserves are maintained;

 

(2)                                  Liens imposed by law, such as mechanics’,
materialmen’s, landlords’, warehousemen’s, and carriers’ Liens, and other
similar Liens, securing obligations incurred in the ordinary course of business
which are not past due for more than ninety (90) days or which are being
contested in good faith by appropriate proceedings and for which appropriate
reserves have been established;

 

53

 

(3)                                  Liens under workers’ compensation,
unemployment insurance, Social Security, or similar legislation (other than
Liens imposed by ERISA);

 

(4)                                  Liens, deposits, or pledges to secure the
performance of bids, tenders, contracts (other than contracts for the payment
of money), Capital Leases (permitted under the terms of this Agreement), public
or statutory obligations, surety, stay, appeal, indemnity, performance, or
other similar bonds, or other similar obligations arising in the ordinary
course of business;

 

(5)                                  Judgment and other similar Liens arising
in connection with any court proceeding, provided the execution or other enforcement
of such Liens is effectively stayed and the claims secured thereby are being
actively contested in good faith and by appropriate proceedings;

 

(6)                                  Easements, rights-of-way, restrictions,
and other similar encumbrances which, in the aggregate, do not materially
interfere with the occupation, use, and enjoyment by the Borrower or any
Subsidiary of the property or assets encumbered thereby in the normal course of
its business or materially impair the value of the property subject thereto;

 

(7)                                  Liens
securing Secured Debt permitted under Section 6.02.

 

Section 6.02  Secured Debt.  Create, incur, assume or suffer to exist, or
permit any Subsidiary to create, incur, assume or suffer to exist, any Secured
Debt, except for Secured Debt in an aggregate amount outstanding at any one
time not exceeding (a) $200,000,000 plus (b) the amount (if any ) of
any secured Debt of an entity acquired by Borrower after the Closing Date,
provided that (i) such secured Debt was in existence prior to the date of
such Acquisition and was not incurred in anticipation thereof and (ii) the
Liens securing such Debt do not extend to any other assets other than those
theretofore encumbered by such Liens.

 

Section 6.03  Mergers, Etc.  Wind up, liquidate or dissolve itself,
reorganize, merge or consolidate with or into, or convey, sell, assign,
transfer, lease, or otherwise dispose of (whether in one transaction or in a
series of transactions) all or substantially all of its assets (whether now
owned or hereafter acquired) to any Person, or acquire all or substantially all
the assets or the business of any Person, or permit any Subsidiary to do so,
except (1) for any Permitted Acquisition, (2) that any Guarantor may
merge into or transfer assets to the Borrower as a result of an Internal
Reorganization or otherwise and (3) that any Guarantor may merge into or
consolidate with or transfer assets to any other Guarantor as a result of an
Internal Reorganization or otherwise.

 

Section 6.04  Leases.  Create, incur, assume, or suffer to exist, or
permit any Subsidiary to create, incur, assume, or suffer to exist, any
obligation as lessee for the rental or hire of any real or personal property,
except (1) Capital Leases not otherwise prohibited by the terms of this
Agreement; (2) leases existing on the date of this Agreement and any
extension or renewals thereof; (3) leases between the Borrower and any
Subsidiary or between any Subsidiaries; (4) operating leases entered into
in the ordinary course of business; and (5) any lease of property having a
value of $500,000 or less.

 

54

 

Section 6.05  Sale and Leaseback.  Sell, transfer or otherwise dispose of, or
permit any Subsidiary to sell, transfer, or otherwise dispose of, any real or
personal property to any Person and thereafter directly or indirectly lease
back the same or similar property, except for the sale and leaseback of model
homes.

 

Section 6.06  Sale of Assets.  Sell, lease, assign, transfer, or otherwise
dispose of, or permit any Subsidiary to sell, lease, assign, transfer, or
otherwise dispose of, any of its now owned or hereafter acquired assets
(including, without limitation, shares of stock and indebtedness of
subsidiaries, receivables, and leasehold interests), except (a) for (1) Inventory
disposed of in the ordinary course of business; (2) the sale or other
disposition of assets no longer used or useful in the conduct of its business;
or (3) the sale and leaseback of model homes; (b) that any Guarantor
may sell, lease, assign, or otherwise transfer its assets to the Borrower or
any other Guarantor in connection with an Internal Reorganization or otherwise;
and (c) that the provisions of this Section 6.06 shall not affect or
limit the Borrower’s obligations under Section 6.03.

 

Section 6.07  Investments.  Make, or permit any Subsidiary to make, any
loan or advance to any Person, or purchase or otherwise acquire, or permit any
Subsidiary to purchase or otherwise acquire, any capital stock, assets (other
than assets acquired in the ordinary course of business), obligation, or other
securities of, make any capital contribution to, or otherwise invest in or
acquire any interest in any Person including, without limitation, any hostile
takeover, hostile tender offer or similar hostile transaction (collectively, “Investments”),
except:  (1) a direct obligation of
the United States or any agency thereof with maturities of one year or less
from the date of acquisition; (2) commercial paper rated at least “A-1” by
Standard & Poor’s Corporation or “P-1” by Moody’s Investors Service, Inc.;
(3) certificates of deposit with maturities of one year or less from the
date of acquisition issued by any commercial bank or federal savings bank
having capital and surplus in excess of $250,000,000; (4) a direct obligation
of any state or municipality within the United States with maturities of one
year or less from the date of acquisition and which, at the time of such
acquisition, is accorded one of the two highest debt ratings for obligations of
such type by Standard & Poor’s or Moody’s; (5) mutual funds
investing in assets of the type described in items (1), (2), (3) or (4) above
which in any case would be classified as a current asset in accordance with
GAAP which are managed by a fund manager of recognized standing in the United
States and having capital and surplus of at least $100,000,000 or having at
least $250,000,000 under management; (6) stock, obligation, or securities
received in settlement of debts (created in the ordinary course of business)
owing to the Borrower or any Subsidiary provided such issuance is approved by
the board of directors of the issuer thereof; (7) a loan or advance from
the Borrower to a Subsidiary, or from a Subsidiary to a Subsidiary, or from a
Subsidiary to the Borrower (subject, however, to the limitations set forth
below in the case of Investments in Subsidiaries that are not Guarantors); (8) any
Permitted Acquisition; (9) an Investment in a Wholly-Owned Subsidiary,
which Investment is, or constitutes a part of, an Internal Reorganization
(subject, however, to the limitations set forth below in the case of
Investments in Subsidiaries that are not Guarantors); (10) Investments in
Subsidiaries that are not Guarantors and any Joint Venture (subject, however,
to the limitations set forth below); or (11) any other Investment not
identified in clauses (1) though (10) above (subject, however, to the
limitations set forth below); provided that the aggregate amount of all
Investments by the Borrower and its Subsidiaries permitted under clauses (10) and
(11) above

 

55

 

and the contingent obligations under guaranties
permitted under clause (3) of Section 6.08 below does not at any time
exceed thirty-five percent (35%) of Consolidated Tangible Net Worth.

 

Section 6.08  Guaranties, Etc.  Assume, guarantee, endorse, or otherwise be
or become directly or contingently responsible or liable, or permit any
Subsidiary to assume, guarantee, endorse, or otherwise be or become directly or
contingently responsible or liable (including, but not limited to, an agreement
to purchase any obligation, stock, assets, goods, or services, or to supply or
advance any funds, assets, goods, or services, or an agreement to maintain or
cause such Person to maintain a minimum working capital or net worth or
otherwise to assure the creditors of any Person against loss), for obligations
of any Person, except:  (1) guaranties
by endorsement of negotiable instruments for deposit or collection or similar
transactions in the ordinary course of business; (2) guaranties of
performance obligations in the ordinary course of business; (3) of the
Debt or other obligations of any Joint Venture or any Subsidiary that is not a
Guarantor, subject to the limitations set forth in clauses (10) and (11)
of Section 6.07 above and (4) that the Borrower or any Subsidiary or
any Guarantor may, whether as a result of an Internal Reorganization or
otherwise, guarantee the Debt of any other Subsidiary (other than any
Subsidiary that is not a Guarantor) or Guarantor or the Borrower permitted
under this Agreement.

 

Section 6.09  Transactions With Affiliates.  Enter into any transaction, including,
without limitation, the purchase, sale, or exchange of property or the
rendering of any service, with any Affiliate, or permit any Subsidiary to enter
into any transaction, including, without limitation, the purchase, sale, or
exchange of property or the rendering of any service, with any Affiliate,
except in the ordinary course of and pursuant to the reasonable requirements of
the Borrower’s or such Guarantor’s or any Subsidiary’s business and upon fair
and reasonable terms no less favorable to the Borrower or such Guarantor or any
Subsidiary than would obtain in a comparable arm’s-length transaction with a
Person not an Affiliate (which exception shall include the payment of insurance
premiums to UHIC for the purchase of construction warranties and builder
default protection for buyers of Housing Units from the Borrower or any of its
Subsidiaries and to the Title Companies for title insurance); provided, however,
that the following transactions shall not be prohibited by this Section 6.09:  (i) transactions involving the purchase,
sale or exchange of property having a value of $500,000 or less; and (ii) transactions
otherwise permitted by this Agreement.

 

Section 6.10  Housing Inventory.  Permit the number of Speculative Housing
Units, as at the end of any fiscal quarter, to exceed the greater of (a) the
number of Housing Unit Closings occurring during the period of twelve (12)
months ending on the last day of such fiscal quarter, multiplied by thirty
percent (30%) or (b) the number of Housing Unit Closings occurring during
the period of six (6) months ending on the last day of such fiscal
quarter, multiplied by seventy percent (70%).

 

Section 6.11  Amendment or Modification of Senior
Indentures.  Amend
or modify, or permit any amendment or modification of, any of the Senior
Indentures (other than those provided for in clauses (i), (ii), (iii), (v) or
(vi) of Section 10.01(a) of such Senior Indentures, as such
exist on the date hereof).

 

56

 

Section 6.12  Non-Guarantors.  Permit UHIC to engage in any business other
than the issuance of construction warranties and builder default protection for
buyers of Housing Units from the Borrower or any of its Subsidiaries or permit
any of the Title Companies to engage in any business other than title insurance
or permit BMC to engage in any business other than mortgage banking.

 

Section 6.13  Negative Pledges.  Directly or indirectly
enter into any agreement (other than this Agreement, the Senior Indentures and
any other similar loan and credit agreements and indentures that may hereafter
be entered into by the Borrower and that evidence Borrowing Base Debt) with any
Person that prohibits or restricts or limits the ability of the Borrower or any
Guarantor to create, incur, pledge or suffer to exist any Lien upon any assets
of the Borrower or any Guarantor (except that agreements creating or securing
Secured Debt permitted under Section 6.02 may prohibit, restrict or limit
other Liens on those assets encumbered by the Liens securing such Secured
Debt).

 

ARTICLE VII

FINANCIAL COVENANTS

 

So long as any Note shall remain unpaid or any Facility
Letter of Credit shall remain outstanding or any Lender shall have any
Commitment under this Agreement (unless otherwise agreed to by the Required
Lenders in writing):

 

Section 7.01  Minimum Consolidated Tangible Net Worth.  The Borrower will maintain at all times a
Consolidated Tangible Net Worth of not less than the sum (the “Minimum
Consolidated Tangible Net Worth”) of (i) $862,000,000, (ii) an amount
equal to fifty percent (50%) of the cumulative Net Income of the Borrower
earned after March 31, 2005 (excluding any quarter in which there is a
loss), and (iii) fifty percent (50%) of the net proceeds received after March 31,
2005 by the Borrower or any Subsidiary from the sale or issuance of any of its
Common Equity.  Notwithstanding the
foregoing, in the event that the Borrower shall at any time consummate an
Acquisition for a purchase price or other consideration equaling or exceeding
$100,000,000, the Minimum Consolidated Tangible Net Worth shall be increased to
the sum of (i) 80% of the Borrower’s Consolidated Tangible Net Worth
immediately following the closing of such Acquisition, (ii) an amount
equal to 50% of the cumulative Net Income of the Borrower earned after the
closing of such Acquisition (excluding any quarter in which there is a loss)
and (iii) 50% of the net proceeds received after the closing of such
Acquisition by the Borrower or any Subsidiary for the sale or issuance of its
Common Equity.

 

Section 7.02  Leverage Ratio.  The Borrower will not permit the Leverage
Ratio to exceed (a) 2.25 to 1.00 at any time that the Borrower maintains
an Interest Coverage Ratio of at least 2.5 to 1.0 or (b) 2.0 to 1.0 at any
other time.

 

Section 7.03  Borrowing Base Debt.  At any time at which the senior unsecured
long-term debt of the Borrower does not have a rating of BBB- or higher from
S&P or Baa3 or higher from Moody’s, the Borrower will not permit the
outstanding amount of the Borrowing Base Debt to exceed the Borrowing Base.

 

57

 

Section 7.04  Interest Coverage Ratio.  The Borrower shall maintain an Interest
Coverage Ratio of not less than 2.0 to 1.0, which ratio shall be determined as
of the last day of each fiscal quarter for the four-quarter period ending on
such day.

 

Section 7.05  Land Inventory.  The Borrower shall not permit the ratio of (i) Adjusted
Land Value to (ii) the sum of (a) Consolidated Tangible Net Worth
plus (b) fifty percent (50%) of Consolidated Subordinated Debt to exceed
1.0 to 1.0.

 

ARTICLE VIII

EVENTS OF DEFAULT

 

Section 8.01  Events of Default.  If any of the following events shall occur:

 

(1)                                  The Borrower shall fail to pay (a) the
principal of any Note, or any amount of a commitment or other fee, as and when
due and payable or (b) interest on any Note or any amount of any commitment
fee or other fee within five (5) Business Days after the same is due and
payable;

 

(2)                                  Any representation or warranty made or
deemed made by the Borrower or by any Guarantor in any Loan Document or which
is contained in any certificate, document, opinion, or financial or other
statement furnished at any time under or in connection with this Agreement
shall prove to have been incorrect, incomplete, or misleading in any material
respect on or as of the date made or deemed made;

 

(3)                                  The Borrower or any Guarantor shall fail
to perform or observe any term, covenant, or agreement contained in Articles V,
VI or VII hereof, and such failure shall continue for a period of thirty (30)
consecutive days;

 

(4)                                  The Borrower or any Significant
Subsidiary or any Significant Guarantor shall (a) fail to pay (within the
applicable cure period, if any) any amount in respect of indebtedness for
borrowed money equal to or in excess of $5,000,000 in the aggregate (other than
the Notes) of the Borrower or such Significant Subsidiary or such Significant
Guarantor, as the case may be, or any interest or premium thereon, when due
(whether by scheduled maturity, required prepayment, acceleration, demand, or
otherwise); or (b) fail to perform or observe any term, covenant, or
condition on its part to be performed or observed (within the applicable cure
period, if any) under any agreement or instrument relating to any such
indebtedness, when required to be performed or observed, if the effect of such
failure to perform or observe is to accelerate, or permit the acceleration of
after the giving of notice or passage of time, or both, the maturity of such
indebtedness, whether or not such failure to perform or observe shall be waived
by the holder of such indebtedness; or (c) any such indebtedness shall be
declared to be due and payable, or required to be prepaid (other than by a
regularly scheduled required prepayment), repurchased (or an offer to
repurchase to be made) or redeemed prior to the stated maturity thereof;

 

(5)                                  The Borrower or any Significant
Subsidiary or any Significant Guarantor (a) shall generally not pay, or
shall be unable to pay, or shall admit in writing its inability to pay its
debts as such debts become due; or (b) shall make an assignment for the
benefit of creditors,

 

58

 

or petition or apply to
any tribunal for the appointment of a custodian, receiver, or trustee for it or
a substantial part of its assets; or (c) shall commence any proceeding
under any bankruptcy, reorganization, arrangement, readjustment of debt,
dissolution, or liquidation law or statute of any jurisdiction, whether now or
hereafter in effect; or (d) shall have had any such petition or
application filed or any such proceeding commenced against it in which an order
for relief is entered or an adjudication or appointment is made and which
remains undismissed for a period of forty (40) days or more; or (e) shall
take any corporate action indicating its consent to, approval of, or
acquiescence in any such petition, application, proceeding, or order for relief
or the appointment of a custodian, receiver, or trustee for all or any
substantial part of its properties; or (f) shall suffer any such
custodianship, receivership, or trusteeship to continue undischarged for a
period of forty (40) days or more;

 

(6)                                  One or more judgments, decrees, or orders
for the payment of money in excess of $10,000,000 in the aggregate shall be
rendered against the Borrower and/or any Subsidiary and/or any Guarantor, and
such judgments, decrees, or orders shall continue unsatisfied and in effect for
a period of twenty (20) consecutive days without being vacated, discharged,
satisfied, or stayed or bonded pending appeal;

 

(7)                                  Any Guaranty hereunder shall at any time
after its execution and delivery and for any reason cease to be in full force
and effect or shall be declared null and void, or the validity or
enforceability thereof shall be contested by the Guarantor or the Guarantor
shall deny it has any further liability or obligation under, or shall fail to
perform its obligations under, the Guaranty (except to the extent that the
foregoing occurs solely by reason of the liquidation or dissolution of a
Guarantor as a result of an Internal Reorganization);

 

(8)                                  Any Change of Control of the Borrower or
any Subsidiary or any Guarantor shall occur;

 

(9)                                  Any of the following events shall occur
or exist with respect to the Borrower, any Subsidiary or any Commonly
Controlled Entity under ERISA: any Reportable Event shall occur; complete or partial
withdrawal from any Multiemployer Plan shall take place; any Prohibited
Transaction shall occur; a notice of intent to terminate a Plan shall be filed,
or a Plan shall be terminated; or circumstances shall exist which constitute
grounds entitling the PBGC to institute proceedings to terminate a Plan, or the
PBGC shall institute such proceedings; and in each case above, such event or
condition, together with all other events or conditions described in this Section 8.01(9),
if any, could subject the Borrower or any Significant Guarantor or Significant
Subsidiary to any tax, penalty, or other liability which in the aggregate may
exceed $1,000,000;

 

(10)                            If any federal, state, or local agency
asserts a material claim against the Borrower or any Significant Guarantor or
Significant Subsidiary and/or its assets, equipment, property, leaseholds, or
other facilities for damages or cleanup costs relating to a hazardous discharge
or an environmental complaint; provided, however, that such claim
shall not constitute a default if, within fifteen (15) days of the occurrence
giving rise to the claim, (a) the Borrower can prove to the reasonable
satisfaction of the Required Lenders that the Borrower has commenced and is
diligently pursuing either: (i) a cure or correction of the event which
constitutes the basis for the claim, and continues diligently to pursue such
cure or correction, it

 

59

 

being hereby acknowledged
by the Lenders that (with respect to the matters disclosed in Schedule 4.14)
the Borrower’s compliance with the covenants contained in Sections 5.06 and
5.10 shall satisfy the requirements of this clause (i), or (ii) proceedings
for an injunction, a restraining order or other appropriate emergent relief
preventing such agency or agencies from asserting such claim, which relief is
granted within thirty (30) days of the occurrence giving rise to the claim and
the injunction, order, or emergent relief is not thereafter resolved or
reversed on appeal or (iii) the defense against the claim through action
in a court or agency exercising jurisdiction over the claim; and (b) in
any of the foregoing events (except for the matters disclosed in Schedule 4.14,
as to which no security is required), the Borrower has posted a bond, letter of
credit, or other security satisfactory in form, substance, and amount to the
Required Lenders and the agency or entity asserting the claim to secure the
correction of the event which constitutes the basis for the claim in accordance
with applicable laws;

 

then the following
provisions shall apply:

 

(i)                                     if
any Event of Default described in Section 8.01(5) occurs with respect
to the Borrower, the obligations of the Lenders to make Loans hereunder and the
obligation and power of the Issuers to issue Facility Letters of Credit shall
automatically terminate and the Obligations shall immediately become due and
payable without any election or action on the part of the Agent, any Issuer or
any Lender and the Borrower will be and become thereby unconditionally
obligated, without any further notice, act or demand, to pay to the Agent an
amount in immediately available funds, which funds shall be held in the
Facility Letter of Credit Collateral Account, equal to the difference of (x)
the amount of Facility Letter of Credit Obligations at such time, less (y) the
amount on deposit in the Facility Letter of Credit Collateral Account at such
time which is free and clear of all rights and claims of third parties and has
not been applied against the Obligations (such difference, the “Collateral
Shortfall Amount”).  If any other Event
of Default occurs, the Required Lenders (or the Agent with the consent of the
Required Lenders) may (a) terminate or suspend the obligations of the
Lenders to make Loans hereunder and the obligation and power of the Issuers to
issue Facility Letters of Credit, or declare the Obligations to be due and
payable, or both, whereupon the Obligations shall become immediately due and
payable, without presentment, demand, protest or notice of any kind, all of
which the Borrower hereby expressly waives, and (b) upon notice to the
Borrower and in addition to the continuing right to demand payment of all
amounts payable under this Agreement, make demand on the Borrower to pay, and
the Borrower will, forthwith upon such demand and without any further notice or
act, pay to the Agent the Collateral Shortfall Amount, which funds shall be
deposited in the Facility Letter of Credit Collateral Account.

 

(ii)                                  If
at any time while any Event of Default is continuing, the Agent determines that
the Collateral Shortfall Amount at such time is greater than zero, the Agent
may make demand on the Borrower to pay, and the Borrower will, forthwith upon
such demand and without any further notice or act, pay to the Agent the
Collateral Shortfall Amount, which funds shall be deposited in the Facility
Letter of Credit Collateral Account.

 

60

 

(iii)          The
Agent may, at any time or from time to time after funds are deposited in the
Facility Letter of Credit Collateral Account, apply such funds to the payment
of the Obligations and any other amounts as shall from time to time have become
due and payable by the Borrower to the Lenders or the Issuer under the Loan
Documents.

 

(iv)          At
any time while any Event of Default is continuing, neither the Borrower nor any
Person claiming on behalf of or through the Borrower shall have any right to
withdraw any of the funds held in the Facility Letter of Credit Collateral
Account.  After all of the Obligations
have been indefeasibly paid in full and the Aggregate Commitment has been
terminated, any funds remaining in the Facility Letter of Credit Collateral
Account shall be returned by the Agent to the Borrower or paid to whomever may
be legally entitled thereto at such time.

 

(v)           If,
within 30 days after acceleration of the maturity of the Obligations or
termination of the obligations of the Lenders to make Loans and the obligation
and power of the Issuer to issue Facility Letters of Credit hereunder as a
result of any Event of Default (other than any Event of Default as described in
Section 8.01(5) with respect to the Borrower) and before any judgment
or decree for the payment of the Obligations due shall have been obtained or
entered, the Required Lenders (in their sole discretion) shall so direct, the
Agent shall, by notice to the Borrower, rescind and annul such acceleration
and/or termination.

 

Section 8.02    Set
Off.  Upon
the occurrence and during the continuance of any Event of Default, each Lender
is hereby authorized at any time and from time to time, without notice to the
Borrower (any such notice being expressly waived by the Borrower), to set off
and apply any and all deposits (general or special, time or demand, provisional
or final) at any time held and other indebtedness at any time owing by such
Lender to or for the credit or the account of the Borrower against any and all
of the obligations of the Borrower now or hereafter existing under this
Agreement or any Note or Notes held by such Lender or any other Loan Document,
irrespective of whether or not the Agent or such Lender shall have made any
demand under this Agreement or any Note or Notes held by such Lender or such
other Loan Document and although such obligations may be unmatured.  Each Lender agrees promptly to notify the
Borrower (with a copy to the Agent) after any such set-off and application,
provided that the failure to give such notice shall not affect the validity of
such set-off and application.  The rights
of each Lender under this Section 8.02 are in addition to other rights and
remedies (including, without limitation, other rights of set-off) which each
Lender may have.

 

ARTICLE IX

INTENTIONALLY OMITTED

 

ARTICLE X

AGENCY PROVISIONS

 

Section 10.01    Authorization and Action.  Each Lender hereby irrevocably appoints and
authorizes the Agent to take such action as agent on its behalf and to exercise
such powers under this Agreement as are delegated to the Agent by the terms
hereof, together with such powers as are reasonably incidental thereto.  The duties of the Agent shall be mechanical
and

 

61

 

administrative in nature and the
Agent shall not by reason of this Agreement be a trustee or fiduciary for any
Lender.  The Agent shall have no duties
or responsibilities except those expressly set forth herein.  As to any matters not expressly provided for
by this Agreement (including, without limitation, enforcement or collection of
the Notes), the Agent shall not be required to act or to refrain from acting
except upon the instructions of the Required Lenders or, to the extent required
under Section 11.01, all Lenders (and shall be fully protected in so
acting or so refraining from acting), and such instructions shall be binding
upon all Lenders and all holders of Notes; provided, however,
that the Agent shall not be required to take any action which exposes the Agent
to personal liability or which is contrary to this Agreement or applicable
law.  The Agent shall administer the Loan
in the same manner that it would administer a comparable loan held 100% for its
own account.

 

Section 10.02    Liability of Agent.  Neither the Agent nor any of its directors,
officers, agents, or employees shall be liable for any action taken or omitted
to be taken by it or them in good faith under or in connection with this
Agreement in the absence of its or their own gross negligence or willful
misconduct.  Without limiting the
generality of the foregoing, the Agent (1) may treat the payee of any Note
as the holder thereof until the Agent receives written notice of the assignment
or transfer thereof signed by such payee and in form satisfactory to the Agent;
(2) may consult with legal counsel (including counsel for the Borrower),
independent public accountants and other experts selected by it and shall not
be liable for any action taken or omitted to be taken in good faith by it in
accordance with the advice of such counsel, accountants, or experts; (3) makes
no warranty or representation to any Lender and shall not be responsible to any
Lender for any statements, warranties, or representations made in or in
connection with this Agreement; (4) shall not have any duty to ascertain
or to inquire as to the performance or observance of any terms, covenants, or
conditions of this Agreement on the part of the Borrower (other than the
payment of principal, interest and fees due hereunder), or to inspect the
property (including the books and records) of the Borrower; (5) shall not
be responsible to any Lender for the due execution, legality, validity,
enforceability, genuineness, perfection, sufficiency or value of this Agreement
or any other instrument or document furnished pursuant hereto or the value,
sufficiency, creation, perfection or priority of any Lien in any collateral
security; and (6) shall incur no liability under or in respect of this
Agreement by acting upon any notice, consent, certificate or other instrument
or writing (which may be sent by telegram, telefax, or facsimile transmission)
reasonably believed by it to be genuine and signed or sent by the proper party
or parties.

 

Section 10.03    Rights
of Agent as a Lender. 
With respect to its Commitment, the Loans made by it and any Note issued
to it, the Agent shall have the same rights and powers under this Agreement as
any other Lender and may exercise the same as though it were not the Agent; and
the term “Lender” or “Lenders” shall, unless otherwise expressly indicated,
include the Agent in its individual capacity. 
The Agent, each Lender and each of their respective Affiliates may
accept deposits from, lend money to, act as trustee under indentures of, and
generally engage in any kind of business with, the Borrower, any of its
Subsidiaries and any Person who may do business with or own securities of the
Borrower or any Subsidiary, all as if the Agent were not the Agent and without
any duty to account therefor to the other Lenders.

 

Section 10.04    Independent Credit Decisions.  Each Lender acknowledges that it has,
independently and without reliance upon the Agent or any other Lender and based
on such

 

62

 

documents and information as it
has deemed appropriate, made its own credit analysis and decision to enter into
this Agreement.  Each Lender also
acknowledges that it will, independently and without reliance upon the Agent or
any other Lender and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or
not taking action under this Agreement. 
The Agent shall promptly provide the Lenders with copies of all notices
of default and other formal notices sent or received in accordance with Section 11.02,
any written notice relating to changes in the Borrower’s debt ratings that
affect the Senior Debt Rating received from the Borrower or a ratings agency,
any documents received by the Agent pursuant to Section 5.08 (except to
the extent that the Borrower has furnished the same directly to the Lenders)
and any other documents or notices received by the Agent with respect to this
Agreement and requested in writing by any Lender.  Except for notices, reports and other
documents and information expressly required to be furnished to the Lenders by
the Agent hereunder, the Agent shall have no duty or responsibility to provide
any Lender with any credit or other information concerning the affairs,
financial condition or business of the Borrower or any of its Subsidiaries (or
any of their Affiliates) which may come into possession of the Agent or any of
its Affiliates.

 

Section 10.05    Indemnification.  The Lenders severally agree to indemnify the
Agent in its capacity as Agent and not as a Lender (to the extent not
reimbursed by the Borrower and without limiting the obligation of the Borrower
to do so), in the proportion of their Pro Rata Shares, from and against any and
all liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, costs, expenses or disbursements of any kind or nature whatsoever which
may be imposed on, incurred by, or asserted against the Agent in any way
relating to or arising out of this Agreement or any action taken or omitted by
the Agent under this Agreement, provided that no Lender shall be liable for any
portion of any of the foregoing (i) resulting from the Agent’s gross
negligence or willful misconduct, (ii) on account of a strictly internal
or regulatory matter relating to the Agent (such as relating to legal lending
limit violation by the Agent), or (iii) in connection with a breach of an
agreement made by the Agent to a Lender under this Agreement.  Without limitation of the foregoing, each
Lender severally agrees to reimburse the Agent (to the extent not reimbursed by
the Borrower and without limiting the obligation of the Borrower to do so)
promptly upon demand for its Pro Rata Share of any reasonable out-of-pocket
expenses (including counsel fees) incurred by the Agent in connection with the
preparation, administration, or enforcement of, or legal advice in respect of
rights or responsibilities under, this Agreement; provided, however, that no
Lender shall be required to reimburse the Agent for any such expenses incurred (i) resulting
from the Agent’s gross negligence or willful misconduct, (ii) on account
of a strictly internal or regulatory matter relating to the Agent (such as
relating to legal lending limit violation by the Agent), or (iii) in
connection with a breach of an agreement made by the Agent to a Lender under
this Agreement.

 

Section 10.06    Successor Agent.  (a)  The Agent may resign at any time by
giving at least sixty (60) days’ prior written notice thereof to the Lenders
and the Borrower and may be removed at any time with or without cause by the
Required Lenders.  Upon any such
resignation or removal, the Required Lenders shall have the right to appoint a
successor Agent, subject to Section 10.06(b).  If no successor Agent shall have been so
appointed by the Required Lenders, and shall have accepted such appointment,
within thirty (30) days after the retiring Agent’s giving of notice of
resignation or the Required Lenders’ removal of the retiring Agent, then the
retiring Agent may, on behalf of the Lenders, appoint a successor Agent, which
shall be a

 

63

 

commercial bank or federal
savings bank organized under the laws of the United States of America or of any
State thereof, subject to Section 10.06(b).  Upon the acceptance of any appointment as
Agent hereunder by a successor Agent, such successor Agent shall thereupon
succeed to and become vested with all the rights, powers, privileges and duties
of the retiring Agent, and the retiring Agent shall be discharged from its
duties and obligations under this Agreement. 
After any retiring Agent’s resignation or removal hereunder as Agent,
the provisions of this Article X shall inure to its benefit as to any
actions taken or omitted to be taken by it while it was Agent under this
Agreement.

 

(b)        The
appointment of any successor Agent that is not a Lender shall, as long as no
Event of Default shall have occurred and be continuing, be subject to the prior
written approval of the Borrower, which approval shall not be unreasonably
withheld or delayed.

 

Section 10.07    Sharing of Payments, Etc.  If any Lender shall obtain any payments
(whether voluntary, involuntary, through the exercise of any right of set-off,
or otherwise) on account of any Note or Notes held by it in excess of its Pro
Rata Share of payments on account of the Notes obtained by all Lenders, such
Lender shall purchase from the other Lenders such participations in the Notes
held by them as shall be necessary to cause such purchasing Lender to share the
excess payment ratably with each of the other Lenders, provided, however,
that if all or any portion of such excess payment is thereafter recovered from
such purchasing Lender, such purchase from each Lender shall be rescinded and
each applicable Lender shall repay to the purchasing Lender the purchase price
to the extent of such recovery together with an amount equal to such Lender’s
ratable share (according to the proportion of (1) the amount of such
Lender’s required repayment to (2) the total amount so recovered from the
purchasing Lender) of any interest or other amount paid or payable by the
purchasing Lender in respect of the total amount so recovered.  The Borrower agrees that any Lender so
purchasing a participation from another Lender pursuant to this Section 10.07
may, to the fullest extent permitted by law, exercise all its rights of payment
(including the right of set-off) with respect to such participation as fully as
if such Lender were the direct creditor of the Borrower in the amount of such
participation.

 

Section 10.08    Withholding Tax Matters.  Each Lender which is a Non-United States
Person agrees to execute and deliver to the Agent for delivery to the Borrower,
before the first scheduled payment date in each year (and, in the case of a
Lender that becomes a Lender hereunder by assignment, before the first
scheduled payment date following such assignment), two duly completed copies of
United States Internal Revenue Service Forms W-8BEN or W-8ECI, or any successor
forms, as appropriate, properly completed and certifying that such Lender is
entitled to receive payments under this Agreement without withholding or
deduction of United States federal taxes. 
Each Lender which is a Non-United States Person represents and warrants
to the Borrower and to the Agent that, at the date of this Agreement, (i) its
Lending Offices are entitled to receive payments of principal, interest, and
fees hereunder without deduction or withholding for or on account of any taxes
imposed by the United States or any political subdivision thereof and (ii) it
is permitted to take the actions described in the preceding sentence under the
laws and any applicable double taxation treaties of the jurisdictions specified
in the preceding sentence.  Each Lender
which is a Non-United States Person further agrees that, to the extent any form
claiming complete or partial exemption from withholding and deduction of United
States federal taxes delivered under this Section 10.08 is found to be
incomplete or

 

64

 

incorrect in any material
respect, such Lender shall execute and deliver to the Agent a complete and
correct replacement form.

 

Section 10.09    Syndication
Agents, Documentation Agents, Managing Agents or Co-Agents.  None of the Lenders identified in this
Agreement as a “Syndication Agent,” “Documentation Agent,” “Managing Agent” or “Co-Agent”
shall have any right, power, obligation, liability, responsibility or duty
under this Agreement other than those applicable to all Lenders as such.  Without limiting the foregoing, none of such
Lenders shall have or be deemed to have a fiduciary relationship with any
Lender.  Each Lender hereby makes the
same acknowledgements with respect to such Lenders as it makes with respect to
the Agent in Section 10.04.

 

ARTICLE XI

MISCELLANEOUS

 

Section 11.01    Amendments, Etc.  No amendment, modification, termination, or
waiver of any provision of any Loan Document to which the Borrower is a party,
nor consent to any departure by the Borrower from any Loan Document to which it
is a party, shall in any event be effective unless the same shall be in writing
and signed by the Required Lenders and the Borrower, and then such waiver or
consent shall be effective only in the specific instance and for the specific
purpose for which given; provided, however, that no amendment,
waiver or consent shall (a) unless in writing and signed by the Borrower
and all of the Lenders do, or have the effect of doing, any of the
following:  (1) increase the
Commitments of the Lenders (except for increases in the Aggregate Commitment in
accordance with Section 2.02.2; provided that no such increase
shall result in the Aggregate Commitment exceeding $1,000,000,000) or subject
the Lenders to any additional obligations; (2) reduce the principal of, or
interest on, the Notes or any fees (other than the Agent’s fees) hereunder; (3) postpone
any date fixed for any payment of principal of, or interest on, the Notes or
any fees (other than the Agent’s fees) hereunder; (4) change the
percentage of the Commitments or of the aggregate unpaid principal amount of
the Notes or the number of Lenders which shall be required for the Lenders or
any of them to take action hereunder (including, without limitation, any change
in the percentage of Lenders required to extend the Termination Date under the
provisions of Section 2.19; (5) release any Significant Guarantor or
(except as otherwise provided in Section 8.01) release any sums held in
the Facility Letter of Credit Collateral Account; or (6) amend, modify or
waive any provision of the Guaranty, this Section 11.01 or clause (i) of
Section 12.01; (b) unless in writing and signed by the Agent in
addition to the Lenders required herein to take such action, affect the rights
or duties of the Agent under any of the Loan Documents; (c) unless in
writing and signed by the Swing Line Lender and the Required Lenders, affect
any provisions of this Agreement that relate to the Swing Line Loans or
otherwise affect the rights or duties of the Swing Line Lender; or (d) unless
in writing and signed by the Issuers and the Required Lenders, affect any of
the provisions of this Agreement that relate to the Facility Letters of Credit
or otherwise affect the rights or duties of any Issuer.

 

Section 11.02    Notices, Etc.  All notices and other communications provided
for under this Agreement and under the other Loan Documents to which the
Borrower is a party shall be in writing (including facsimile transmissions) and
mailed or transmitted or hand delivered, if to the Borrower or the Agent at its
respective address set forth on the signature pages hereof; or, if to a

 

65

 

Lender, at its address set forth in its Administrative
Questionnaire, or, as to each party, at such other address as shall be
designated by such party in a written notice to all other parties complying as
to delivery with the terms of this Section 11.02.
Except as is otherwise provided in this Agreement, all such notices and
communications shall be effective when deposited in the mail, or transmitted,
answerback received, or hand delivered, respectively, addressed as aforesaid,
except that notices to the Agent pursuant to the provisions of Article II
shall not be effective until received by the Agent or, in the case of Section 2.22,
the Swing Line Lender.

 

Section 11.03    No Waiver.  No failure or delay on the part of any Lender
or the Agent or the Issuer in exercising any right, power, or remedy hereunder
shall operate as a waiver thereof; nor shall any single or partial exercise of
any such right, power, or remedy preclude any other or further exercise thereof
or the exercise of any other right, power, or remedy hereunder. The making of a
Loan or issuance, amendment or extension of a Facility Letter of Credit
notwithstanding the existence of a Default or Event of Default shall not
constitute any waiver or acquiescence of such Default or Event of Default, and
the making of any Loan or issuance, amendment or extension of a Facility Letter
of Credit notwithstanding any failure or inability to satisfy the conditions
precedent to such Loan or issuance, amendment or extension of a Facility Letter
of Credit shall not constitute any waiver or acquiescence with respect to such
conditions precedent with respect to any subsequent Loans or subsequent issuance,
amendment or extension of a Facility Letter of Credit.  The rights and remedies provided herein are
cumulative, and are not exclusive of any other rights, powers, privileges, or
remedies, now or hereafter existing, at law, in equity or otherwise.

 

Section 11.04    Costs, Expenses, and Taxes.  (a) The Borrower agrees to reimburse the
Agent for any reasonable costs, internal charges and out-of-pocket expenses
(including reasonable fees and time charges of attorneys for the Agent, which
attorneys may be employees of the Agent) paid or incurred by the Agent in
connection with the preparation, negotiation, execution, delivery, review,
amendment, modification and administration of the Loan Documents.  The Borrower also agrees to reimburse the
Agent, the Lenders and the Issuers for any reasonable costs, internal charges
and out-of-pocket expenses (including attorneys’ fees and time charges of
attorneys for the Agent, the Lenders and the Issuers which attorneys may be
employees of the Agent, the Lenders and the Issuers) paid or incurred by the
Agent, the Arranger, any Lender or Issuer in connection with the collection of
the Obligations and enforcement of the Loan Documents, including during any
workout or restructuring in respect of the Loan Documents.

 

(b)        The
Borrower shall pay any and all stamp and other taxes and fees payable or
determined to be payable in connection with the execution, delivery, filing,
and recording of any of the Loan Documents and the other documents to be
delivered under any such Loan Documents, and agrees to hold the Agent and each
of the Lenders harmless from and against any and all liabilities with respect
to or resulting from any delay in paying or failing to pay such taxes and fees.

 

(c)        All
payments by the Borrower to or for the account of any Lender, Issuer or the
Agent hereunder or under any Note or Reimbursement Agreement shall be made free
and clear of and without deduction for any and all Taxes.  If the Borrower shall be required by law to deduct
any Taxes from or in respect of any such payable hereunder to any Lender,
Issuer or the

 

66

 

Agent, upon notice from the Agent to the Borrower (i) the sum
payable shall be increased as necessary so that after making all required
deductions (including deductions applicable to additional sums payable under
this paragraph) such Lender, Issuer or the Agent (as the case may be) receives
an amount equal to the sum it would have received had no such deductions been
made, (ii) the Borrower shall make such deductions, (iii) the
Borrower shall pay the full amount deducted to the relevant authority in
accordance with applicable law and (iv) the Borrower shall furnish to the
Agent the original copy of a receipt evidencing payment thereof within 30 days
after such payment is made.

 

(d)        This
Section 11.04 shall survive termination of this Agreement.

 

Section 11.05    Integration.  This Agreement (including the Borrower’s
obligation to pay the fees as provided in Section 2.09(c) and the Fee
Letter referred to therein) and the Loan Documents contain the entire agreement
between the parties relating to the subject matter hereof and supersede all
oral statements and prior writings with respect thereto.

 

Section 11.06    Indemnity.  The Borrower hereby agrees to defend,
indemnify, and hold each Lender harmless from and against all claims, damages,
judgments, penalties, costs, and expenses (including reasonable attorney fees
and court costs now or hereafter arising from the aforesaid enforcement of this
clause) arising directly or indirectly from the activities of the Borrower and
its Subsidiaries, its predecessors in interest, or third parties with whom it
has a contractual relationship, or arising directly or indirectly from the
violation of any environmental protection, health, or safety law, whether such
claims are asserted by any governmental agency or any other person.  This indemnity shall survive termination of
this Agreement.

 

Section 11.07    CHOICE OF LAW.  THE
LOAN DOCUMENTS (OTHER THAN THOSE CONTAINING A CONTRARY EXPRESS CHOICE OF LAW
PROVISION) SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL
LAWS (AND NOT THE LAW OF CONFLICTS) OF THE STATE OF ILLINOIS BUT GIVING EFFECT
TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.

 

Section 11.08    Severability of Provisions.  Any provision of any Loan Document which is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions of such Loan Document or affecting the
validity or enforceability of such provision in any other jurisdiction.

 

Section 11.09    Counterparts.  This Agreement may be executed in any number
of counterparts and by the different parties to this Agreement in separate
counterparts, each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute one and the same Agreement.

 

Section 11.10    Headings.  Article and Section headings in the
Loan Documents are included in such Loan Documents for the convenience of
reference only and shall not constitute a part of the applicable Loan Documents
for any other purpose.

 

67

 

Section 11.11    CONSENT TO JURISDICTION.  THE
BORROWER HEREBY IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY
UNITED STATES FEDERAL OR ILLINOIS STATE COURT SITTING IN CHICAGO, ILLINOIS IN
ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS AND
THE BORROWER HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH
ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT AND
IRREVOCABLY WAIVES ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE
VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT OR THAT
SUCH COURT IS AN INCONVENIENT FORUM. 
NOTHING HEREIN SHALL LIMIT THE RIGHT OF THE AGENT OR ANY LENDER TO BRING
PROCEEDINGS AGAINST THE BORROWER IN THE COURTS OF ANY OTHER JURISDICTION.  ANY JUDICIAL PROCEEDING BY THE BORROWER
AGAINST THE AGENT OR ANY LENDER OR ANY AFFILIATE OF THE AGENT OR ANY LENDER
INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER IN ANY WAY ARISING OUT OF,
RELATED TO, OR CONNECTED WITH ANY LOAN DOCUMENT SHALL BE BROUGHT ONLY IN A
COURT IN CHICAGO, ILLINOIS.

 

Section 11.12    WAIVER
OF JURY TRIAL.  THE BORROWER, THE AGENT AND EACH LENDER
HEREBY WAIVE TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR
INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY
WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH ANY LOAN DOCUMENT OR THE
RELATIONSHIP ESTABLISHED THEREUNDER.

 

Section 11.13    Governmental Regulation.  Anything contained in this Agreement to the
contrary notwithstanding, no Lender shall be obligated to extend credit to the
Borrower in violation of any limitation or prohibition provided by any
applicable statute or regulation.

 

Section 11.14    No Fiduciary Duty.  The relationship between the Borrower and the
Lenders and the Agent shall be solely that of borrower and lender.  Neither the Agent nor any Lender shall have
any fiduciary responsibilities to the Borrower. 
Neither the Agent nor any Lender undertakes any responsibility to the
Borrower to review or inform the Borrower of any matter in connection with any
phase of the Borrower’s business or operations.

 

Section 11.15    Confidentiality.  Each Lender agrees to hold any confidential
information which it may receive from the Borrower pursuant to this Agreement
in confidence, except for disclosure (i) to other Lenders and their
respective Affiliates, (ii) to legal counsel, accountants, and other
professional advisors to that Lender, (iii) to regulatory officials, (iv) to
any Person as requested pursuant to or as required by law, regulation, or legal
process, (v) to any Person in connection with any legal proceeding to
which that Lender is a party, and (vi) subject to an agreement containing
provisions substantially the same as this Section 11.15, to (A) any
actual or prospective assignee or Participant under this Agreement, (B) any
actual or prospective counterparty to any swap or derivative transaction
relating to the Borrower and its obligations and (C) legal counsel,
accountants and other professional advisors to a Person described in clause (A) or
(B) above.

 

68

 

Section 11.16    USA
Patriot Act Notification.  Each Lender that is subject
to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56
(signed into law October 26, 2001)) (the “Act”) hereby notifies the
Borrower that pursuant to the requirements of the Act, it is required to
obtain, verify and record information that identifies the Borrower, which
information includes the name and address of the Borrower and other information
that will allow such Lender to identify the Borrower in accordance with the
Act.

 

Section 11.17    Register.  The
Agent, acting for this purpose as an agent of the Borrower, shall maintain at
one of its offices a copy of each Assignment and Assumption delivered to it and
a register for the recordation of the names and addresses of the Lenders, and
the Commitment of, and principal amount of the Loans and Facility Letter of
Credit Obligations owing to, each Lender pursuant to the terms hereof from time
to time (the “Register”).  The entries in
the Register shall be conclusive, absent manifest error, and the Borrower, the
Agent, the Issuers and the Lenders may treat each Person whose name is recorded
in the Register pursuant to the terms hereof as a Lender hereunder for all
purposes of this Agreement, notwithstanding
notice to the contrary.  The Register
shall be available for inspection by the Borrower, the Issuers and any Lender,
at any reasonable time and from time to time upon reasonable prior notice.

 

ARTICLE XII

BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS

 

Section 12.01    Successors and Assigns.  The
provisions of this Agreement and
the other Loan Documents shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns permitted hereby
(including any Affiliate of an Issuer that issues any Facility Letter of
Credit), except that (i) the Borrower may not assign or otherwise transfer
any of its rights or obligations hereunder or under the other Loan Documents
without the prior written consent of each Lender (and any attempted assignment
or transfer by the Borrower without such consent shall be null and void) and (ii) no
Lender may assign or otherwise transfer its rights or obligations hereunder or
under the other Loan Documents except in accordance with this Article XII.  Nothing in this Agreement, expressed or
implied, shall be construed to confer upon any Person (other than the parties
hereto, their respective successors and assigns permitted hereby (including any
Affiliate of an Issuer that issues any Facility Letter of Credit) and
Participants (to the extent provided in Section 12.03)) any legal or
equitable right, remedy or claim under or by reason hereof.

 

Section 12.02 
  Assignments.

 

(a)        Subject
to the conditions set forth in Section 12.02(b), any Lender may assign to
one or more assignees all or a portion of its rights and obligations under this
Agreement and the other Loan Documents (including all or a portion of its
Commitment and the Loans at the time owing to it); provided that the written
consents (which consents shall not be unreasonably withheld or delayed) of the
Agent and (unless an Event of Default has occurred and is continuing) the
Borrower shall be required prior to an assignment becoming effective with
respect to an assignee which, prior to such assignment, is not a Lender, an
Affiliate of a Lender or an Approved Fund.

 

(b)        Assignments shall be subject to the following
additional conditions:

 

69

 

(i)            each partial assignment shall be made as an assignment of a
proportionate part of all the assigning Lender’s rights and obligations under
this Agreement,

 

(ii)           the
parties to each assignment shall execute and deliver to the Agent an Assignment
and Assumption (“Assignment and Assumption”) in substantially the form of Exhibit G
hereto, together with a processing and recordation fee of $3,500; and

 

(iii)          the assignee, if it shall not be a Lender, shall deliver to the Agent an
Administrative Questionnaire.

 

(c)           Upon its receipt of a duly completed
Assignment and Assumption executed by an assigning Lender and an assignee, the
assignee’s completed Administrative Questionnaire (unless the assignee shall
already be a Lender hereunder), the processing and recordation fee referred to
in Section 12.02(b)(ii) and any written consent to such assignment
required by Section 12.02(a), the Agent shall accept such Assignment and
Assumption and record the information contained therein in the Register; provided
that if either the assigning Lender or the assignee shall have failed to make
any payment required to be made by it pursuant to Section 2.04(a),
2.22(d), 2.23.6(b) or 10.05, the Agent shall have no obligation to accept
such Assignment and Assumption and record the information therein in the
Register unless and until such payment shall have been made in full, together
with all accrued interest thereon.  No
assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register
as provided in this paragraph.

 

Section 12.03    Participations.  Any Lender may, without the consent of the
Borrower, the Agent, the Issuer or the Swing Line Lender, sell participations
to one or more banks or other entities (a “Participant”) in all or a portion of
such Lender’s rights and obligations under this Agreement and the other Loan
Documents (including all or a portion of its Commitment and the Loans owing to
it); provided that (i) such Lender’s obligations under this
Agreement and the other Loan Documents shall remain unchanged, (ii) such
Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations, (iii) such Lender shall remain the holder
of any such Note for all purposes under the Loan Documents, (iv) all
amounts payable by the Borrower under this Agreement shall be determined as if
such Lender had not sold participating interests and (v) the Borrower, the
Agent, the Issuer and the other Lenders shall continue to deal solely and
directly with such Lender in connection with such Lender’s rights and
obligations under this Agreement.  Any
agreement or instrument pursuant to which a Lender sells such a participation
shall provide that such Lender shall retain the sole right to enforce this
Agreement and to approve any amendment, modification or waiver of any provision
of this Agreement; provided that
such agreement or instrument may provide that such Lender will not, without the
consent of the Participant, agree to any amendment, modification or waiver that
(i) forgives principal, interest or fees (other than Agent’s fees) or
reduces the interest rate (other than Agent’s fees), (ii) postpones any
date fixed for any regularly scheduled payment of principal of, or interest or
fees (other than Agent’s fees) or (iii) releases any Significant Guarantor.

 

70

 

Section 12.04    Pledge
to Federal Reserve Bank.  Any Lender may at any time pledge or assign a
security interest in all or any portion of its rights under this Agreement to
secure obligations of such Lender to a Federal Reserve Bank, and this Article shall
not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security
interest shall release a Lender from any of its obligations hereunder or
substitute any such pledgee or assignee for such Lender as a party hereto.

 

71

 

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

 

 

	
   

  	
  BEAZER HOMES USA, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Cory J.
  Boydston

  	
   

  
	
   

  	
   

  	
  Cory J. Boydston, Senior Vice President

  
	
   

  	
   

  	
  & Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
  Address for Notices

  
	
   

  	
   

  	
   

  
	
   

  	
  1000 Abernathy Road

  
	
   

  	
  Suite 1200

  
	
   

  	
  Atlanta, Georgia 30328

  
	
   

  	
  Attention: President

  
	
   

  	
  Tel: (770) 829-3700

  
	
   

  	
  Fax:     (770) 481-0431

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  JPMORGAN CHASE BANK, N.A.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Michael P. O’Keefe

  	
   

  
	
   

  	
  Name:

  	
   Michael P. O’Keefe

  	
   

  
	
   

  	
  Title: 

  	
   
  Associate

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Addresses for Notices

  
	
   

  	
   

  	
   

  
	
   

  	
  JPMorgan Chase Bank, N.A.

  
	
   

  	
  131 South Dearborn Street

  
	
   

  	
  Mail Suite IL1 0135

  
	
   

  	
  Chicago, Illinois 60670

  
	
   

  	
  Attn: Michael P. O’Keefe

  
	
   

  	
  Telephone:  (312) 325-3161

  
	
   

  	
  Telecopy:  (312) 325-3122

  
								

 

72

 

	
  SIGNATURE PAGE TO BEAZER HOMES USA, INC. CREDIT AGREEMENT

  
	
   

  
	
   

  
	
   

  	
  BNP PARIBAS

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Shayn
  March

  	
   

  
	
   

  	
  Name: Shayn
  March

  
	
   

  	
  Title:
  Director

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Angela B.
  Arnold

  	
   

  
	
   

  	
  Name: Angela
  B. Arnold

  
	
   

  	
  Title: Vice
  President

  
					

 

 

	
   

  	
  GUARANTY
  BANK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Douglas
  A. Dixon

  	
   

  
	
   

  	
  Name:
  Douglas A. Dixon

  
	
   

  	
  Title: Senior
  Vice President

  

 

 

	
   

  	
  WACHOVIA
  BANK, NATIONAL

  
	
   

  	
  ASSOCIATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Timothy
  S. Blake

  	
   

  
	
   

  	
  Name:
  Timothy S. Blake

  
	
   

  	
  Title: Vice
  President

  

 

 

	
   

  	
  THE ROYAL
  BANK OF SCOTLAND PLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/David
  Apps

  	
   

  
	
   

  	
  Name: David
  Apps

  
	
   

  	
  Title:
  Senior Vice President

  

 

 

	
   

  	
  CITICORP
  NORTH AMERICA, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Suzanne
  Crymes

  	
   

  
	
   

  	
  Name:
  Suzanne Crymes

  
	
   

  	
  Title: Vice
  President

  

 

 

	
   

  	
  SUNTRUST
  BANK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Gregory
  T. Horstman

  	
   

  
	
   

  	
  Name:
  Gregory T. Horstman

  
	
   

  	
  Title:
  Senior Vice President

  

 

 

	
   

  	
  WASHINGTON
  MUTUAL BANK, FA

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Anne D.
  Brehony

  	
   

  
	
   

  	
  Name: Anne
  D. Brehony

  
	
   

  	
  Title: Vice
  President

  

 

 

	
   

  	
  COMERICA
  BANK

  
	
   

  	
   

  
	
   

  	
   

  
	
  :

  	
  By:

  	
  /s/James
  Graycheck

  	
   

  
	
   

  	
  Name: James
  Graycheck

  
	
   

  	
  Title:
  Assistant Vice President

  

 

 

	
   

  	
  PNC BANK,
  NATIONAL ASSOCIATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Douglas
  G. Paul

  	
   

  
	
   

  	
  Name:
  Douglas G. Paul

  
	
   

  	
  Title:
  Senior Vice President

  

 

 

	
   

  	
  UBS LOAN
  FINANCE LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Marie A.
  Haddad

  	
   

  
	
   

  	
  Name: Marie
  A. Haddad

  
	
   

  	
  Title:
  Associate Director Banking Products

  Services, US

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Doris
  Meca

  	
   

  
	
   

  	
  Name: Doris
  Meca

  
	
   

  	
  Title:
  Associate Director Banking Products

  Services, US

  
					

 

 

	
   

  	
  AMSOUTH BANK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Ronny
  Hudspeth

  	
   

  
	
   

  	
  Name: Ronny
  Hudspeth

  
	
   

  	
  Title: Sr.
  Vice President

  

 

 

	
   

  	
  BANKUNITED,
  FSB

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Robert
  Lopez

  	
   

  
	
   

  	
  Name: Robert
  Lopez

  
	
   

  	
  Title:
  Senior Vice President

  

 

 

	
   

  	
  CITY
  NATIONAL BANK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Mary
  Bowman

  	
   

  
	
   

  	
  Name: Mary
  Bowman

  
	
   

  	
  Title:
  Senior Vice President

  

 

 

	
   

  	
  COMPASS BANK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Rakesh
  Patel

  	
   

  
	
   

  	
  Name: Rakesh
  Patel

  
	
   

  	
  Title:
  Assistant Vice President

  

 

 

	
   

  	
  DEUTSCHE
  BANK TRUST COMPANY

  
	
   

  	
  AMERICAS

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Scottye
  Lindsey

  	
   

  
	
   

  	
  Name:
  Scottye Lindsey

  
	
   

  	
  Title:
  Director

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Marguerite
  Sutton

  	
   

  
	
   

  	
  Name:
  Marguerite Sutton

  
	
   

  	
  Title:
  Director

  
					

 

 

	
   

  	
  FIFTH THIRD
  BANK, a Michigan banking

  
	
   

  	
  corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Jeffrey
  K. Lockhart

  	
   

  
	
   

  	
  Name: Jeffrey
  K. Lockhart

  
	
   

  	
  Title: V.P.

  

 

 

	
   

  	
  REGIONS BANK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Carol S.
  Geraghty

  	
   

  
	
   

  	
  Name: Carol
  S. Geraghty

  
	
   

  	
  Title: Vice
  President

  

 

 

	
   

  	
  UNION BANK
  OF CALIFORNIA

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Jack
  Kissane

  	
   

  
	
   

  	
  Name: Jack
  Kissane

  
	
   

  	
  Title: Vice
  President

  

 

 

	
   

  	
  U.S. BANK
  NATIONAL ASSOCIATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Brian M.
  Walsh

  	
   

  
	
   

  	
  Name: Brian
  M. Walsh

  
	
   

  	
  Title:
  Senior Vice President

  

 

 

Schedule I

 

COMMITMENT SCHEDULE

 

	
  Lender

  	
   

  	
  Commitment

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  JPMorgan
  Chase Bank, N.A.

  	
   

  	
  $

  	
  57,500,000.00

  	
   

  
	
  BNP Paribas

  	
   

  	
  $

  	
  57,500,000.00

  	
   

  
	
  Guaranty
  Bank

  	
   

  	
  $

  	
  57,500,000.00

  	
   

  
	
  Wachovia
  Bank, National Association

  	
   

  	
  $

  	
  57,500,000.00

  	
   

  
	
  The Royal
  Bank of Scotland plc

  	
   

  	
  $

  	
  57,500,000.00

  	
   

  
	
  Citicorp
  North America, Inc.

  	
   

  	
  $

  	
  42,500,000.00

  	
   

  
	
  SunTrust
  Bank

  	
   

  	
  $

  	
  42,500,000.00

  	
   

  
	
  Washington
  Mutual Bank, FA

  	
   

  	
  $

  	
  42,500,000.00

  	
   

  
	
  Comerica
  Bank

  	
   

  	
  $

  	
  40,000,000.00

  	
   

  
	
  PNC Bank,
  National Association

  	
   

  	
  $

  	
  35,000,000.00

  	
   

  
	
  UBS Loan
  Finance LLC

  	
   

  	
  $

  	
  35,000,000.00

  	
   

  
	
  AmSouth Bank

  	
   

  	
  $

  	
  25,000,000.00

  	
   

  
	
  BankUnited,
  FSB

  	
   

  	
  $

  	
  25,000,000.00

  	
   

  
	
  City
  National Bank

  	
   

  	
  $

  	
  25,000,000.00

  	
   

  
	
  Compass Bank

  	
   

  	
  $

  	
  25,000,000.00

  	
   

  
	
  Deutsche
  Bank Trust Company Americas

  	
   

  	
  $

  	
  25,000,000.00

  	
   

  
	
  Fifth Third
  Bank, a Michigan banking corporation

  	
   

  	
  $

  	
  25,000,000.00

  	
   

  
	
  Regions Bank

  	
   

  	
  $

  	
  25,000,000.00

  	
   

  
	
  Union Bank
  of California

  	
   

  	
  $

  	
  25,000,000.00

  	
   

  
	
  U.S. Bank
  National Association

  	
   

  	
  $

  	
  25,000,000.00

  	
   

  
	
  Total

  	
   

  	
  $

  	
  750,000,000.00

  	
   

  

 

1

 

Schedule II

 

EXISTING LETTERS OF CREDIT

 

 

BEAZER HOMES USA INC.

 

	
  

  	
  Telex: ITT 4330253 FNBCUI

  Swift Address: FNBCUS44

  	
   

  
	
   

  
	
  JPMorgan
  PLAZA

  
	
  Chicago,
  Illinois 60670-0236

  
	
  Attn:
  Standby Letters of Credit

  
	
   

  
	
  Beazer Homes USA Inc

  
	
  Attn: Asli Reinsch

  	
  <areinsch@beazer.com>

  
	
  Fax: 404 847 4901

  
	
  Phone:770 829 3703

  
	
  REFERENCE: BEAZER HOMES
  USA INC 750MM DTD 05/28/04

  
	
   

  
	
  Quarterly
  Letter of Credit Activity

  
	
   

  
	
  Bank One,
  N.A.

  
				

 

	
   

  	
   

  	
   

  	
   

  	
  Expiration

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Outstandings

  	
   

  	
  Date

  	
   

  	
  Comments

  	
   

  	
  Purpose*

  	
   

  	
  From

  	
   

  	
  To date

  	
   

  	
  Nos of Days

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  STL00330160

  	
   

  	
  $

  	
  2,639,000.00

  	
   

  	
  04/15/06

  	
   

  	
   

  	
   

  	
  INS

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT00330199

  	
   

  	
  $

  	
  50,000.00

  	
   

  	
  10/18/05

  	
   

  	
   

  	
   

  	
  INS

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT00330231

  	
   

  	
  $

  	
  150,000.00

  	
   

  	
  01/31/06

  	
   

  	
   

  	
   

  	
  INS

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT00330253

  	
   

  	
  $

  	
  9,458,747.00

  	
   

  	
  03/02/06

  	
   

  	
   

  	
   

  	
  INS

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT00322535

  	
   

  	
  $

  	
  68,000.00

  	
   

  	
  07/21/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT00325085

  	
   

  	
  $

  	
  92,640.09

  	
   

  	
  04/23/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT00325168

  	
   

  	
  $

  	
  228,245.00

  	
   

  	
  05/21/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT00325230

  	
   

  	
  $

  	
  186,000.00

  	
   

  	
  06/20/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT00325731

  	
   

  	
  $

  	
  11,287.50

  	
   

  	
  10/15/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750166

  	
   

  	
  $

  	
  44,735.00

  	
   

  	
  09/12/05

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750203

  	
   

  	
  $

  	
  3,000.00

  	
   

  	
  12/06/05

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750204

  	
   

  	
  $

  	
  3,000.00

  	
   

  	
  12/06/05

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750206

  	
   

  	
  $

  	
  3,000.00

  	
   

  	
  01/20/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750207

  	
   

  	
  $

  	
  3,000.00

  	
   

  	
  03/12/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Issuance

  	
   

  	
  Issuance

  	
   

  	
  Amend

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Rate

  	
   

  	
  Basis

  	
   

  	
  Commission

  	
   

  	
  Rate

  	
   

  	
  Fee

  	
   

  	
  Fee

  	
   

  	
  Total

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  STL00330160

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  5,241.35

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  476.49

  	
   

  	
   

  	
   

  	
  $

  	
  5,717.83

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT00330199

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  99.31

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  9.03

  	
   

  	
   

  	
   

  	
  $

  	
  108.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT00330231

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  297.92

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  27.08

  	
   

  	
   

  	
   

  	
  $

  	
  325.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT00330253

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  18,786.12

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  1,707.83

  	
   

  	
   

  	
   

  	
  $

  	
  20,493.95

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT00322535

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  135.06

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  12.28

  	
   

  	
   

  	
   

  	
  $

  	
  147.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT00325085

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  183.99

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  16.73

  	
   

  	
   

  	
   

  	
  $

  	
  200.72

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT00325168

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  453.32

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  41.21

  	
   

  	
   

  	
   

  	
  $

  	
  494.53

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT00325230

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  369.42

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  33.58

  	
   

  	
   

  	
   

  	
  $

  	
  403.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT00325731

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  22.42

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  2.04

  	
   

  	
   

  	
   

  	
  $

  	
  24.46

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750166

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  88.85

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  8.08

  	
   

  	
   

  	
   

  	
  $

  	
  96.93

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750203

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  5.96

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  0.54

  	
   

  	
   

  	
   

  	
  $

  	
  6.50

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750204

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  5.96

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  0.54

  	
   

  	
   

  	
   

  	
  $

  	
  6.50

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750206

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  5.96

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  0.54

  	
   

  	
   

  	
   

  	
  $

  	
  6.50

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750207

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  5.96

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  0.54

  	
   

  	
   

  	
   

  	
  $

  	
  6.50

  	
   

  

 

1

 

	
   

  	
   

  	
   

  	
   

  	
  Expiration

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Outstandings

  	
   

  	
  Date

  	
   

  	
  Comments

  	
   

  	
  Purpose*

  	
   

  	
  From

  	
   

  	
  To date

  	
   

  	
  Nos of Days

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750210

  	
   

  	
  $

  	
  84,525.00

  	
   

  	
  12/15/05

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750216

  	
   

  	
  $

  	
  71,050.00

  	
   

  	
  07/03/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750217

  	
   

  	
  $

  	
  36,267.00

  	
   

  	
  07/03/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750219

  	
   

  	
  $

  	
  19,488.00

  	
   

  	
  03/22/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750220

  	
   

  	
  $

  	
  130,080.00

  	
   

  	
  02/26/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750221

  	
   

  	
  $

  	
  41,955.00

  	
   

  	
  02/26/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750259

  	
   

  	
  $

  	
  642,615.00

  	
   

  	
  09/20/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750302

  	
   

  	
  $

  	
  219,000.00

  	
   

  	
  05/24/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750334

  	
   

  	
  $

  	
  36,603.00

  	
   

  	
  05/31/06

  	
   

  	
  Cancelled

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/16/05

  	
   

  	
  46

  	
   

  
	
   

  	
   

  	
  $

  	
  0.00

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750371

  	
   

  	
  $

  	
  101,000.00

  	
   

  	
  07/01/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750428

  	
   

  	
  $

  	
  160,991.00

  	
   

  	
  01/15/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750441

  	
   

  	
  $

  	
  12,060.00

  	
   

  	
  07/11/05

  	
   

  	
  Expired

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  07/11/05

  	
   

  	
  10

  	
   

  
	
   

  	
   

  	
  $

  	
  0.00

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750452

  	
   

  	
  $

  	
  12,170.00

  	
   

  	
  07/31/05

  	
   

  	
  Expired

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  07/31/05

  	
   

  	
  30

  	
   

  
	
   

  	
   

  	
  $

  	
  0.00

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750499

  	
   

  	
  $

  	
  582,338.67

  	
   

  	
  07/29/05

  	
   

  	
  Expired

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  07/29/05

  	
   

  	
  28

  	
   

  
	
   

  	
   

  	
  $

  	
  0.00

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750538

  	
   

  	
  $

  	
  169,604.00

  	
   

  	
  10/15/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750643

  	
   

  	
  $

  	
  405,000.00

  	
   

  	
  09/13/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750828

  	
   

  	
  $

  	
  90,000.00

  	
   

  	
  05/15/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750893

  	
   

  	
  $

  	
  123,000.00

  	
   

  	
  12/01/05

  	
   

  	
   

  	
   

  	
  Fin

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750894

  	
   

  	
  $

  	
  559,028.00

  	
   

  	
  11/30/05

  	
   

  	
  $

  	
  (5,437.50

  	
  )

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  07/22/05

  	
   

  	
  21

  	
   

  
	
   

  	
   

  	
  $

  	
  553,590.50

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  07/22/05

  	
   

  	
  08/22/05

  	
   

  	
  31

  	
   

  
																		

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Issuance

  	
   

  	
  Issuance

  	
   

  	
  Amend

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Rate

  	
   

  	
  Basis

  	
   

  	
  Commission

  	
   

  	
  Rate

  	
   

  	
  Fee

  	
   

  	
  Fee

  	
   

  	
  Total

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750210

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  167.88

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  15.26

  	
   

  	
   

  	
   

  	
  $

  	
  183.14

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750216

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  141.11

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  12.83

  	
   

  	
   

  	
   

  	
  $

  	
  153.94

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750217

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  72.03

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  6.55

  	
   

  	
   

  	
   

  	
  $

  	
  78.58

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750219

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  38.71

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  3.52

  	
   

  	
   

  	
   

  	
  $

  	
  42.22

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750220

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  258.35

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  23.49

  	
   

  	
   

  	
   

  	
  $

  	
  281.84

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750221

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  83.33

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  7.58

  	
   

  	
   

  	
   

  	
  $

  	
  90.90

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750259

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  1,276.30

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  116.03

  	
   

  	
   

  	
   

  	
  $

  	
  1,392.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750302

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  434.96

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  39.54

  	
   

  	
   

  	
   

  	
  $

  	
  474.50

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750334

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  64.31

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  5.85

  	
   

  	
   

  	
   

  	
  $

  	
  70.16

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750371

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  200.60

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  18.24

  	
   

  	
   

  	
   

  	
  $

  	
  218.83

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750428

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  319.75

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  29.07

  	
   

  	
   

  	
   

  	
  $

  	
  348.81

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750441

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  4.61

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  0.42

  	
   

  	
   

  	
   

  	
  $

  	
  5.03

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750452

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  13.94

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  1.27

  	
   

  	
   

  	
   

  	
  $

  	
  15.21

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750499

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  622.78

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  56.62

  	
   

  	
   

  	
   

  	
  $

  	
  679.40

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750538

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  336.85

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  30.62

  	
   

  	
   

  	
   

  	
  $

  	
  367.48

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750643

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  804.38

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  73.13

  	
   

  	
   

  	
   

  	
  $

  	
  877.50

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750828

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  178.75

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  16.25

  	
   

  	
   

  	
   

  	
  $

  	
  195.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750893

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  244.29

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  22.21

  	
   

  	
   

  	
   

  	
  $

  	
  266.50

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750894

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  448.39

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  40.76

  	
   

  	
   

  	
   

  	
  $

  	
  489.15

  	
   

  
	
   

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  655.47

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  59.59

  	
   

  	
   

  	
   

  	
  $

  	
  715.05

  	
   

  

 

2

 

	
   

  	
   

  	
   

  	
   

  	
  Expiration

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Outstandings

  	
   

  	
  Date

  	
   

  	
  Comments

  	
   

  	
  Purpose*

  	
   

  	
  From

  	
   

  	
  To date

  	
   

  	
  Nos of Days

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750988

  	
   

  	
  $

  	
  100,000.00

  	
   

  	
  08/01/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751022

  	
   

  	
  $

  	
  575,000.00

  	
   

  	
  01/30/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751024

  	
   

  	
  $

  	
  50,000.00

  	
   

  	
  01/29/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751040

  	
   

  	
  $

  	
  88,658.78

  	
   

  	
  02/05/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751039

  	
   

  	
  $

  	
  94,482.71

  	
   

  	
  02/05/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751059

  	
   

  	
  $

  	
  87,020.00

  	
   

  	
  02/13/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751102

  	
   

  	
  $

  	
  13,993.00

  	
   

  	
  03/30/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751105

  	
   

  	
  $

  	
  100,000.00

  	
   

  	
  03/06/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751162

  	
   

  	
  $

  	
  359,695.00

  	
   

  	
  04/04/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751165

  	
   

  	
  $

  	
  275,400.00

  	
   

  	
  02/20/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751196

  	
   

  	
  $

  	
  100,000.00

  	
   

  	
  05/09/06

  	
   

  	
  Cancelled

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  07/07/05

  	
   

  	
  6

  	
   

  
	
   

  	
   

  	
  $

  	
  0.00

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751309

  	
   

  	
  $

  	
  145,192.00

  	
   

  	
  06/27/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751337

  	
   

  	
  $

  	
  136,928.00

  	
   

  	
  07/15/05

  	
   

  	
  Expired

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  07/15/05

  	
   

  	
  14

  	
   

  
	
   

  	
   

  	
  $

  	
  0.00

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT326600

  	
   

  	
  $

  	
  93,680.65

  	
   

  	
  07/01/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751345

  	
   

  	
  $

  	
  25,000.00

  	
   

  	
  01/24/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751404

  	
   

  	
  $

  	
  125,000.00

  	
   

  	
  07/31/06

  	
   

  	
   

  	
   

  	
  Fina*

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751405

  	
   

  	
  $

  	
  400,000.00

  	
   

  	
  07/31/06

  	
   

  	
   

  	
   

  	
  Perf*

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751407

  	
   

  	
  $

  	
  125,000.00

  	
   

  	
  07/31/06

  	
   

  	
   

  	
   

  	
  Fina*

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751414

  	
   

  	
  $

  	
  1,400,000.00

  	
   

  	
  08/11/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751653

  	
   

  	
  $

  	
  8,783.80

  	
   

  	
  10/30/05

  	
   

  	
  Cancelled

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/04/05

  	
   

  	
  34

  	
   

  
	
   

  	
   

  	
  $

  	
  0.00

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Issuance

  	
   

  	
  Issuance

  	
   

  	
  Amend

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Rate

  	
   

  	
  Basis

  	
   

  	
  Commission

  	
   

  	
  Rate

  	
   

  	
  Fee

  	
   

  	
  Fee

  	
   

  	
  Total

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT750988

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  198.61

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  18.06

  	
   

  	
   

  	
   

  	
  $

  	
  216.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751022

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  1,142.01

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  103.82

  	
   

  	
   

  	
   

  	
  $

  	
  1,245.83

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751024

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  99.31

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  9.03

  	
   

  	
   

  	
   

  	
  $

  	
  108.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751040

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  176.09

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  16.01

  	
   

  	
   

  	
   

  	
  $

  	
  192.09

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751039

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  187.65

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  17.06

  	
   

  	
   

  	
   

  	
  $

  	
  204.71

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751059

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  172.83

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  15.71

  	
   

  	
   

  	
   

  	
  $

  	
  188.54

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751102

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  27.79

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  2.53

  	
   

  	
   

  	
   

  	
  $

  	
  30.32

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751105

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  198.61

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  18.06

  	
   

  	
   

  	
   

  	
  $

  	
  216.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751162

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  714.39

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  64.94

  	
   

  	
   

  	
   

  	
  $

  	
  779.34

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751165

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  546.98

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  49.73

  	
   

  	
   

  	
   

  	
  $

  	
  596.70

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751196

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  22.92

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  2.08

  	
   

  	
   

  	
   

  	
  $

  	
  25.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751309

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  288.37

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  26.22

  	
   

  	
   

  	
   

  	
  $

  	
  314.58

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751337

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  73.22

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  6.66

  	
   

  	
   

  	
   

  	
  $

  	
  79.87

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT326600

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  186.06

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  16.91

  	
   

  	
   

  	
   

  	
  $

  	
  202.97

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751345

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  49.65

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  4.51

  	
   

  	
   

  	
   

  	
  $

  	
  54.17

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751404

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  248.26

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  22.57

  	
   

  	
   

  	
   

  	
  $

  	
  270.83

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751405

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  794.44

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  72.22

  	
   

  	
   

  	
   

  	
  $

  	
  866.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751407

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  248.26

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  22.57

  	
   

  	
   

  	
   

  	
  $

  	
  270.83

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751414

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  2,780.56

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  252.78

  	
   

  	
   

  	
   

  	
  $

  	
  3,033.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751653

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  11.41

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  1.04

  	
   

  	
   

  	
   

  	
  $

  	
  12.44

  	
   

  

 

3

 

	
   

  	
   

  	
   

  	
   

  	
  Expiration

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Outstandings

  	
   

  	
  Date

  	
   

  	
  Comments

  	
   

  	
  Purpose*

  	
   

  	
  From

  	
   

  	
  To date

  	
   

  	
  Nos of Days

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751661

  	
   

  	
  $

  	
  116,597.62

  	
   

  	
  02/06/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751666

  	
   

  	
  $

  	
  165,000.00

  	
   

  	
  04/30/07

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT752128

  	
   

  	
  $

  	
  7,517.00

  	
   

  	
  12/29/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT752129

  	
   

  	
  $

  	
  9,413.00

  	
   

  	
  12/29/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT752133

  	
   

  	
  $

  	
  10,000.00

  	
   

  	
  01/05/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT752167

  	
   

  	
  $

  	
  8,000.00

  	
   

  	
  08/30/05

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT752177

  	
   

  	
  $

  	
  750,000.00

  	
   

  	
  07/05/06

  	
   

  	
  Amd Exp
  Dte

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410004

  	
   

  	
  $

  	
  37,305.00

  	
   

  	
  02/13/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410011

  	
   

  	
  $

  	
  200,000.00

  	
   

  	
  02/18/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410039

  	
   

  	
  $

  	
  90,750.00

  	
   

  	
  02/27/06

  	
   

  	
   

  	
   

  	
  Perf*

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410079

  	
   

  	
  $

  	
  310,380.00

  	
   

  	
  03/09/06

  	
   

  	
   

  	
   

  	
  Fina*

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410092

  	
   

  	
  $

  	
  500,000.00

  	
   

  	
  03/15/06

  	
   

  	
   

  	
   

  	
  Fina*

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410116

  	
   

  	
  $

  	
  135,000.00

  	
   

  	
  10/30/05

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410150

  	
   

  	
  $

  	
  93,750.00

  	
   

  	
  04/01/06

  	
   

  	
   

  	
   

  	
  Fina*

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410193

  	
   

  	
  $

  	
  159,181.00

  	
   

  	
  04/15/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410543

  	
   

  	
  $

  	
  329,802.00

  	
   

  	
  11/30/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410225

  	
   

  	
  $

  	
  94,000.00

  	
   

  	
  09/13/05

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410265

  	
   

  	
  $

  	
  20,000.00

  	
   

  	
  12/27/05

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410272

  	
   

  	
  $

  	
  125,000.00

  	
   

  	
  04/26/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410278

  	
   

  	
  $

  	
  325,000.00

  	
   

  	
  05/01/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Issuance

  	
   

  	
  Issuance

  	
   

  	
  Amend

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Rate

  	
   

  	
  Basis

  	
   

  	
  Commission

  	
   

  	
  Rate

  	
   

  	
  Fee

  	
   

  	
  Fee

  	
   

  	
  Total

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751661

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  231.58

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  21.05

  	
   

  	
   

  	
   

  	
  $

  	
  252.63

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT751666

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  327.71

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  29.79

  	
   

  	
   

  	
   

  	
  $

  	
  357.50

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT752128

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  14.93

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  1.36

  	
   

  	
   

  	
   

  	
  $

  	
  16.29

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT752129

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  18.70

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  1.70

  	
   

  	
   

  	
   

  	
  $

  	
  20.39

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT752133

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  19.86

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  1.81

  	
   

  	
   

  	
   

  	
  $

  	
  21.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT752167

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  15.89

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  1.44

  	
   

  	
   

  	
   

  	
  $

  	
  17.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT752177

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  1,489.58

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  135.42

  	
   

  	
   

  	
   

  	
  $

  	
  1,625.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410004

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  74.09

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  6.74

  	
   

  	
   

  	
   

  	
  $

  	
  80.83

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410011

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  397.22

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  36.11

  	
   

  	
   

  	
   

  	
  $

  	
  433.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410039

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  180.24

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  16.39

  	
   

  	
   

  	
   

  	
  $

  	
  196.63

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410079

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  616.45

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  56.04

  	
   

  	
   

  	
   

  	
  $

  	
  672.49

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410092

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  993.06

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  90.28

  	
   

  	
   

  	
   

  	
  $

  	
  1,083.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410116

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  268.13

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  24.38

  	
   

  	
   

  	
   

  	
  $

  	
  292.50

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410150

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  186.20

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  16.93

  	
   

  	
   

  	
   

  	
  $

  	
  203.13

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410193

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  316.15

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  28.74

  	
   

  	
   

  	
   

  	
  $

  	
  344.89

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410543

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  655.02

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  59.55

  	
   

  	
   

  	
   

  	
  $

  	
  714.57

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410225

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  186.69

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  16.97

  	
   

  	
   

  	
   

  	
  $

  	
  203.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410265

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  39.72

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  3.61

  	
   

  	
   

  	
   

  	
  $

  	
  43.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410272

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  248.26

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  22.57

  	
   

  	
   

  	
   

  	
  $

  	
  270.83

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410278

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  645.49

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  58.68

  	
   

  	
   

  	
   

  	
  $

  	
  704.17

  	
   

  

 

4

 

	
   

  	
   

  	
   

  	
   

  	
  Expiration

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Outstandings

  	
   

  	
  Date

  	
   

  	
  Comments

  	
   

  	
  Purpose*

  	
   

  	
  From

  	
   

  	
  To date

  	
   

  	
  Nos of Days

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410319

  	
   

  	
  $

  	
  1,399,542.00

  	
   

  	
  01/15/07

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410371

  	
   

  	
  $

  	
  150,000.00

  	
   

  	
  06/08/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410413

  	
   

  	
  $

  	
  176,226.75

  	
   

  	
  12/29/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410441

  	
   

  	
  $

  	
  717,112.50

  	
   

  	
  07/07/06

  	
   

  	
  Amd Exp
  Dte

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410449

  	
   

  	
  $

  	
  158,600.00

  	
   

  	
  07/13/05

  	
   

  	
  Expired

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  07/13/05

  	
   

  	
  12

  	
   

  
	
   

  	
   

  	
  $

  	
  0.00

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410522

  	
   

  	
  $

  	
  295,075.00

  	
   

  	
  08/04/05

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410537

  	
   

  	
  $

  	
  468,524.72

  	
   

  	
  02/16/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410577

  	
   

  	
  $

  	
  97,500.00

  	
   

  	
  09/01/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410588

  	
   

  	
  $

  	
  5,700,000.00

  	
   

  	
  09/03/05

  	
   

  	
   

  	
   

  	
  INS

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410597

  	
   

  	
  $

  	
  500,000.00

  	
   

  	
  09/03/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410603

  	
   

  	
  $

  	
  120,558.00

  	
   

  	
  09/15/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410611

  	
   

  	
  $

  	
  92,559.00

  	
   

  	
  03/15/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410613

  	
   

  	
  $

  	
  263,500.00

  	
   

  	
  09/15/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410614

  	
   

  	
  $

  	
  221,000.00

  	
   

  	
  09/16/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410615

  	
   

  	
  $

  	
  365,500.00

  	
   

  	
  09/15/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410625

  	
   

  	
  $

  	
  401,344.25

  	
   

  	
  03/21/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410633

  	
   

  	
  $

  	
  1,243,919.00

  	
   

  	
  09/22/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410643

  	
   

  	
  $

  	
  200,000.00

  	
   

  	
  09/22/05

  	
   

  	
  Cancelled

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/10/05

  	
   

  	
  40

  	
   

  
	
   

  	
   

  	
  $

  	
  0.00

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410653

  	
   

  	
  $

  	
  350,000.00

  	
   

  	
  10/01/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410663

  	
   

  	
  $

  	
  500,000.00

  	
   

  	
  10/12/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Issuance

  	
   

  	
  Issuance

  	
   

  	
  Amend

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Rate

  	
   

  	
  Basis

  	
   

  	
  Commission

  	
   

  	
  Rate

  	
   

  	
  Fee

  	
   

  	
  Fee

  	
   

  	
  Total

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410319

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  2,779.65

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  252.70

  	
   

  	
   

  	
   

  	
  $

  	
  3,032.34

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410371

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  297.92

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  27.08

  	
   

  	
   

  	
   

  	
  $

  	
  325.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410413

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  350.01

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  31.82

  	
   

  	
   

  	
   

  	
  $

  	
  381.82

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410441

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  1,424.27

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  129.48

  	
   

  	
   

  	
   

  	
  $

  	
  1,553.74

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410449

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  72.69

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  6.61

  	
   

  	
   

  	
   

  	
  $

  	
  79.30

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410522

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  586.05

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  53.28

  	
   

  	
   

  	
   

  	
  $

  	
  639.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410537

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  930.54

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  84.59

  	
   

  	
   

  	
   

  	
  $

  	
  1,015.14

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410577

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  193.65

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  17.60

  	
   

  	
   

  	
   

  	
  $

  	
  211.25

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410588

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  11,320.83

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  1,029.17

  	
   

  	
   

  	
   

  	
  $

  	
  12,350.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410597

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  993.06

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  90.28

  	
   

  	
   

  	
   

  	
  $

  	
  1,083.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410603

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  239.44

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  21.77

  	
   

  	
   

  	
   

  	
  $

  	
  261.21

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410611

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  183.83

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  16.71

  	
   

  	
   

  	
   

  	
  $

  	
  200.54

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410613

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  523.34

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  47.58

  	
   

  	
   

  	
   

  	
  $

  	
  570.92

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410614

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  438.93

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  39.90

  	
   

  	
   

  	
   

  	
  $

  	
  478.83

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410615

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  725.92

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  65.99

  	
   

  	
   

  	
   

  	
  $

  	
  791.92

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410625

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  797.11

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  72.46

  	
   

  	
   

  	
   

  	
  $

  	
  869.58

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410633

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  2,470.56

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  224.60

  	
   

  	
   

  	
   

  	
  $

  	
  2,695.16

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410643

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  305.56

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  27.78

  	
   

  	
   

  	
   

  	
  $

  	
  333.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410653

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  695.14

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  63.19

  	
   

  	
   

  	
   

  	
  $

  	
  758.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410663

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  993.06

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  90.28

  	
   

  	
   

  	
   

  	
  $

  	
  1,083.33

  	
   

  

 

5

 

	
   

  	
   

  	
   

  	
   

  	
  Expiration

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Outstandings

  	
   

  	
  Date

  	
   

  	
  Comments

  	
   

  	
  Purpose*

  	
   

  	
  From

  	
   

  	
  To date

  	
   

  	
  Nos of Days

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410705

  	
   

  	
  $

  	
  100,000.00

  	
   

  	
  08/20/05

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410706

  	
   

  	
  $

  	
  8,912.50

  	
   

  	
  10/25/005

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410708

  	
   

  	
  $

  	
  130,000.00

  	
   

  	
  10/18/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410739

  	
   

  	
  $

  	
  60,000.00

  	
   

  	
  11/01/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410762

  	
   

  	
  $

  	
  270,000.00

  	
   

  	
  11/10/05

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410763

  	
   

  	
  $

  	
  789,753.43

  	
   

  	
   

  	
   

  	
  $

  	
  (654.09

  	
  )

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  07/12/05

  	
   

  	
  11

  	
   

  
	
   

  	
   

  	
  $

  	
  789,099.34

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  07/12/05

  	
   

  	
  08/22/05

  	
   

  	
  41

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410820

  	
   

  	
  $

  	
  196,121.92

  	
   

  	
  06/09/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410836

  	
   

  	
  $

  	
  100,000.00

  	
   

  	
  12/17/05

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410847

  	
   

  	
  $

  	
  125,000.00

  	
   

  	
  12/21/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410874

  	
   

  	
  $

  	
  1,418,941.25

  	
   

  	
  03/31/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410883

  	
   

  	
  $

  	
  117,043.73

  	
   

  	
  01/07/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410884

  	
   

  	
  $

  	
  91,007.57

  	
   

  	
  01/07/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410888

  	
   

  	
  $

  	
  50,000.00

  	
   

  	
  1/12/2006

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410903

  	
   

  	
  $

  	
  250,000.00

  	
   

  	
  11/30/2005

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  STL410932

  	
   

  	
  $

  	
  100,000.00

  	
   

  	
  11/6/2005

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410956

  	
   

  	
  $

  	
  17,186.35

  	
   

  	
  1/31/2008

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410971

  	
   

  	
  $

  	
  152,257.47

  	
   

  	
  8/7/2006

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410978

  	
   

  	
  $

  	
  322,282.41

  	
   

  	
  8/1/2005

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT411056

  	
   

  	
  $

  	
  400,000.00

  	
   

  	
  3/3/2006

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT411069

  	
   

  	
  $

  	
  83,333.33

  	
   

  	
  3/8/2007

  	
   

  	
   

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT412017

  	
   

  	
  $

  	
  75,000.00

  	
   

  	
  3/25/2006

  	
   

  	
   

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
																		

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Issuance

  	
   

  	
  Issuance

  	
   

  	
  Amend

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Rate

  	
   

  	
  Basis

  	
   

  	
  Commission

  	
   

  	
  Rate

  	
   

  	
  Fee

  	
   

  	
  Fee

  	
   

  	
  Total

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410705

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  198.61

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  18.06

  	
   

  	
   

  	
   

  	
  $

  	
  216.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410706

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  17.70

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  1.61

  	
   

  	
   

  	
   

  	
  $

  	
  19.31

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410708

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  258.19

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  23.47

  	
   

  	
   

  	
   

  	
  $

  	
  281.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410739

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  119.17

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  10.83

  	
   

  	
   

  	
   

  	
  $

  	
  130.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410762

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  536.25

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  48.75

  	
   

  	
   

  	
   

  	
  $

  	
  585.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410763

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  331.81

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  30.16

  	
   

  	
   

  	
   

  	
  $

  	
  361.97

  	
   

  
	
   

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  1,235.71

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  112.34

  	
   

  	
   

  	
   

  	
  $

  	
  1,348.04

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410820

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  389.52

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  35.41

  	
   

  	
   

  	
   

  	
  $

  	
  424.93

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410836

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  198.61

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  18.06

  	
   

  	
   

  	
   

  	
  $

  	
  216.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410847

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  248.26

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  22.57

  	
   

  	
   

  	
   

  	
  $

  	
  270.83

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410874

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  2,818.17

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  256.20

  	
   

  	
   

  	
   

  	
  $

  	
  3,074.37

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410883

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  232.46

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  21.13

  	
   

  	
   

  	
   

  	
  $

  	
  253.59

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410884

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  180.75

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  16.43

  	
   

  	
   

  	
   

  	
  $

  	
  197.18

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410888

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  99.31

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  9.03

  	
   

  	
   

  	
   

  	
  $

  	
  108.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410903

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  496.53

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  45.14

  	
   

  	
   

  	
   

  	
  $

  	
  541.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  STL410932

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  198.61

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  18.06

  	
   

  	
   

  	
   

  	
  $

  	
  216.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410956

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  34.13

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  3.10

  	
   

  	
   

  	
   

  	
  $

  	
  37.24

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410971

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  302.40

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  27.49

  	
   

  	
   

  	
   

  	
  $

  	
  329.89

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT410978

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  640.09

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  58.19

  	
   

  	
   

  	
   

  	
  $

  	
  698.28

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT411056

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  794.44

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  72.22

  	
   

  	
   

  	
   

  	
  $

  	
  866.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT411069

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  165.51

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  15.05

  	
   

  	
   

  	
   

  	
  $

  	
  180.56

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT412017

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  148.96

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  13.54

  	
   

  	
   

  	
   

  	
  $

  	
  162.50

  	
   

  

 

6

 

	
   

  	
   

  	
   

  	
   

  	
  Expiration

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Outstandings

  	
   

  	
  Date

  	
   

  	
  Comments

  	
   

  	
  Purpose*

  	
   

  	
  From

  	
   

  	
  To date

  	
   

  	
  Nos of Days

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT412018

  	
   

  	
  $

  	
  75,000.00

  	
   

  	
  3/25/2006

  	
   

  	
   

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT412023

  	
   

  	
  $

  	
  1,000,000.00

  	
   

  	
  3/28/2006

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/04/05

  	
   

  	
  34

  	
   

  
	
   

  	
   

  	
  $

  	
  0.00

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT412066

  	
   

  	
  $

  	
  100,000.00

  	
   

  	
  4/10/2006

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT412065

  	
   

  	
  $

  	
  774,300.00

  	
   

  	
  4/12/2006

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-626361

  	
   

  	
  $

  	
  75,000.00

  	
   

  	
  3/18/2007

  	
   

  	
  $

  	
  100,000.00

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  07/25/05

  	
   

  	
  24

  	
   

  
	
   

  	
   

  	
  $

  	
  175,000.00

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  07/25/05

  	
   

  	
  08/22/05

  	
   

  	
  28

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-637201

  	
   

  	
  $

  	
  1,000,000.00

  	
   

  	
  5/5/2006

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-637438

  	
   

  	
  $

  	
  6,735,000.00

  	
   

  	
  10/15/2005

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/05/05

  	
   

  	
  35

  	
   

  
	
   

  	
   

  	
  $

  	
  0.00

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-637896

  	
   

  	
  $

  	
  700,000.00

  	
   

  	
  1/15/2006

  	
   

  	
   

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-638745

  	
   

  	
  $

  	
  10,000.00

  	
   

  	
  5/23/2006

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-639084

  	
   

  	
  $

  	
  150,000.00

  	
   

  	
  5/20/2006

  	
   

  	
   

  	
   

  	
  PERF

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-639109

  	
   

  	
  $

  	
  200,000.00

  	
   

  	
  5/20/2006

  	
   

  	
   

  	
   

  	
  PERF

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-639503

  	
   

  	
  $

  	
  28,000.00

  	
   

  	
  6/15/2006

  	
   

  	
   

  	
   

  	
  PERF

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-640169

  	
   

  	
  $

  	
  100,000.00

  	
   

  	
  9/30/2005

  	
   

  	
   

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-641113

  	
   

  	
  $

  	
  193,293.00

  	
   

  	
  6/8/2006

  	
   

  	
   

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-641715

  	
   

  	
  $

  	
  50,000.00

  	
   

  	
  6/13/2006

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-641746

  	
   

  	
  $

  	
  244,846.27

  	
   

  	
  12/17/2006

  	
   

  	
   

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-641872

  	
   

  	
  $

  	
  25,000.00

  	
   

  	
  6/17/2006

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-641-887

  	
   

  	
  $

  	
  100,000.00

  	
   

  	
  6/20/2006

  	
   

  	
   

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-642223

  	
   

  	
  $

  	
  12,860.00

  	
   

  	
  6/21/2006

  	
   

  	
   

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
																		

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Issuance

  	
   

  	
  Issuance

  	
   

  	
  Amend

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Rate

  	
   

  	
  Basis

  	
   

  	
  Commission

  	
   

  	
  Rate

  	
   

  	
  Fee

  	
   

  	
  Fee

  	
   

  	
  Total

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT412018

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  148.96

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  13.54

  	
   

  	
   

  	
   

  	
  $

  	
  162.50

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT412023

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  1,298.61

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  118.06

  	
   

  	
   

  	
   

  	
  $

  	
  1,416.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT412066

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  198.61

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  18.06

  	
   

  	
   

  	
   

  	
  $

  	
  216.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SLT412065

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  1,537.85

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  139.80

  	
   

  	
   

  	
   

  	
  $

  	
  1,677.65

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-626361

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  68.75

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  6.25

  	
   

  	
   

  	
   

  	
  $

  	
  75.00

  	
   

  
	
   

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  187.15

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  17.01

  	
   

  	
   

  	
   

  	
  $

  	
  204.17

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-637201

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  1,986.11

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  180.56

  	
   

  	
   

  	
   

  	
  $

  	
  2,166.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-637438

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  9,003.39

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  818.49

  	
   

  	
   

  	
   

  	
  $

  	
  9,821.88

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-637896

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  1,390.28

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  126.39

  	
   

  	
   

  	
   

  	
  $

  	
  1,516.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-638745

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  19.86

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  1.81

  	
   

  	
   

  	
   

  	
  $

  	
  21.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-639084

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  297.92

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  27.08

  	
   

  	
   

  	
   

  	
  $

  	
  325.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-639109

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  397.22

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  36.11

  	
   

  	
   

  	
   

  	
  $

  	
  433.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-639503

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  55.61

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  5.06

  	
   

  	
   

  	
   

  	
  $

  	
  60.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-640169

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  198.61

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  18.06

  	
   

  	
   

  	
   

  	
  $

  	
  216.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-641113

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  383.90

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  34.90

  	
   

  	
   

  	
   

  	
  $

  	
  418.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-641715

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  99.31

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  9.03

  	
   

  	
   

  	
   

  	
  $

  	
  108.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-641746

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  486.29

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  44.21

  	
   

  	
   

  	
   

  	
  $

  	
  530.50

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-641872

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  49.65

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  4.51

  	
   

  	
   

  	
   

  	
  $

  	
  54.17

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-641-887

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  198.61

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  18.06

  	
   

  	
   

  	
   

  	
  $

  	
  216.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-642223

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  25.54

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  2.32

  	
   

  	
   

  	
   

  	
  $

  	
  27.86

  	
   

  

 

7

 

	
   

  	
   

  	
   

  	
   

  	
  Expiration

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Outstandings

  	
   

  	
  Date

  	
   

  	
  Comments

  	
   

  	
  Purpose*

  	
   

  	
  From

  	
   

  	
  To date

  	
   

  	
  Nos of Days

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-642719

  	
   

  	
  $

  	
  125,000.00

  	
   

  	
  6/27/2006

  	
   

  	
   

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-642871

  	
   

  	
  $

  	
  1,228,572.00

  	
   

  	
  6/27/2006

  	
   

  	
   

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-646263

  	
   

  	
  $

  	
  698,250.00

  	
   

  	
  6/28/2006

  	
   

  	
  New

  	
   

  	
  Fina

  	
   

  	
  07/27/05

  	
   

  	
  08/22/05

  	
   

  	
  26

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-644666

  	
   

  	
  $

  	
  650,000.00

  	
   

  	
  6/28/2006

  	
   

  	
  New

  	
   

  	
  Fina

  	
   

  	
  07/14/05

  	
   

  	
  08/22/05

  	
   

  	
  39

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-646540

  	
   

  	
  $

  	
  100,000.00

  	
   

  	
  7/31/2006

  	
   

  	
  New

  	
   

  	
  Fina

  	
   

  	
  07/29/05

  	
   

  	
  08/22/05

  	
   

  	
  24

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-646541

  	
   

  	
  $

  	
  12,000.00

  	
   

  	
  8/1/2006

  	
   

  	
  New

  	
   

  	
  Fina

  	
   

  	
  07/29/05

  	
   

  	
  08/22/05

  	
   

  	
  24

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-647097

  	
   

  	
  $

  	
  500,000.00

  	
   

  	
  10/15/2005

  	
   

  	
  New

  	
   

  	
  Fina

  	
   

  	
  08/03/05

  	
   

  	
  08/22/05

  	
   

  	
  19

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-647277

  	
   

  	
  $

  	
  53,171.98

  	
   

  	
  2/2/2007

  	
   

  	
  New

  	
   

  	
  Fina

  	
   

  	
  08/03/05

  	
   

  	
  08/22/05

  	
   

  	
  19

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-648239

  	
   

  	
  $

  	
  602,448.00

  	
   

  	
  8/12/2005

  	
   

  	
  New

  	
   

  	
  Fina

  	
   

  	
  08/12/05

  	
   

  	
  08/22/05

  	
   

  	
  10

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Total O/S

  	
   

  	
  $

  	
  49,156,926.19

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Issuance

  	
   

  	
  Issuance

  	
   

  	
  Amend

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Rate

  	
   

  	
  Basis

  	
   

  	
  Commission

  	
   

  	
  Rate

  	
   

  	
  Fee

  	
   

  	
  Fee

  	
   

  	
  Total

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-642719

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  248.26

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  22.57

  	
   

  	
   

  	
   

  	
  $

  	
  270.83

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-642871

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  2,440.08

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  221.83

  	
   

  	
   

  	
   

  	
  $

  	
  2,661.91

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-646263

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  693.40

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  63.04

  	
   

  	
  $

  	
  500.00

  	
   

  	
  $

  	
  1,256.44

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-644666

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  968.23

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  88.02

  	
   

  	
  $

  	
  500.00

  	
   

  	
  $

  	
  1,556.25

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-646540

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  91.67

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  8.33

  	
   

  	
  $

  	
  500.00

  	
   

  	
  $

  	
  600.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-646541

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  11.00

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  1.00

  	
   

  	
  $

  	
  500.00

  	
   

  	
  $

  	
  512.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-647097

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  362.85

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  32.99

  	
   

  	
  $

  	
  500.00

  	
   

  	
  $

  	
  895.83

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-647277

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  38.59

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  3.51

  	
   

  	
  $

  	
  700.00

  	
   

  	
  $

  	
  742.09

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  S-648239

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  230.10

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  20.92

  	
   

  	
  $

  	
  500.00

  	
   

  	
  $

  	
  751.02

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Total O/S

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  $

  	
  106,243.89

  	
   

  	
   

  	
   

  	
  $

  	
  9,658.54

  	
   

  	
  $

  	
  3,700.00

  	
   

  	
  $

  	
  119,602.43

  	
   

  

 

	
  Suntrust

  	
   

  	
  Amount

  	
   

  	
  Expiration

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Outstandings

  	
   

  	
  Date

  	
   

  	
  Comments

  	
   

  	
  Purpose*

  	
   

  	
  From

  	
   

  	
  TO date

  	
   

  	
  Nos of Days

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F503307

  	
   

  	
  $

  	
  1,050,000.00

  	
   

  	
  11/20/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F503412

  	
   

  	
  $

  	
  2,200,000.00

  	
   

  	
  09/20/05

  	
   

  	
   

  	
   

  	
  Fina*

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P600337

  	
   

  	
  $

  	
  75,000.00

  	
   

  	
  07/31/07

  	
   

  	
  Amd Exp
  Dte

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P600353

  	
   

  	
  $

  	
  63,200.00

  	
   

  	
  08/14/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
  $

  	
  0.00

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P600474

  	
   

  	
  $

  	
  3,000.00

  	
   

  	
  05/20/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P600625

  	
   

  	
  $

  	
  180,000.00

  	
   

  	
  08/14/05

  	
   

  	
  $

  	
  (84,100.00

  	
  )

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  07/21/05

  	
   

  	
  20

  	
   

  
	
   

  	
   

  	
  $

  	
  95,900.00

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  07/21/05

  	
   

  	
  08/14/05

  	
   

  	
  24

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P600669

  	
   

  	
  $

  	
  21,500.00

  	
   

  	
  11/13/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P600796

  	
   

  	
  $

  	
  49,850.00

  	
   

  	
  10/31/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P600799

  	
   

  	
  $

  	
  132,200.00

  	
   

  	
  11/14/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
																		

 

	
  Suntrust

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Issuance

  	
   

  	
  Issuance

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Rate

  	
   

  	
  Basis

  	
   

  	
  Commission

  	
   

  	
  Rate

  	
   

  	
  Fee

  	
   

  	
   

  	
   

  	
  Total

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F503307

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  2,085.42

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  189.58

  	
   

  	
   

  	
   

  	
  $

  	
  2,275.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F503412

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  4,369.44

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  397.22

  	
   

  	
   

  	
   

  	
  $

  	
  4,766.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P600337

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  148.96

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  13.54

  	
   

  	
   

  	
   

  	
  $

  	
  162.50

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P600353

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  125.52

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  11.41

  	
   

  	
   

  	
   

  	
  $

  	
  136.93

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P600474

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  5.96

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  0.54

  	
   

  	
   

  	
   

  	
  $

  	
  6.50

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P600625

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  137.50

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  12.50

  	
   

  	
   

  	
   

  	
  $

  	
  150.00

  	
   

  
	
   

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  87.91

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  7.99

  	
   

  	
   

  	
   

  	
  $

  	
  95.90

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P600669

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  42.70

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  3.88

  	
   

  	
   

  	
   

  	
  $

  	
  46.58

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P600796

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  99.01

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  9.00

  	
   

  	
   

  	
   

  	
  $

  	
  108.01

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P600799

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  262.56

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  23.87

  	
   

  	
   

  	
   

  	
  $

  	
  286.43

  	
   

  

 

8

 

	
   

  	
   

  	
   

  	
   

  	
  Expiration

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Outstandings

  	
   

  	
  Date

  	
   

  	
  Comments

  	
   

  	
  Purpose*

  	
   

  	
  From

  	
   

  	
  To date

  	
   

  	
  Nos of Days

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P600847

  	
   

  	
  $

  	
  36,300.00

  	
   

  	
  09/22/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P600979

  	
   

  	
  $

  	
  119,025.00

  	
   

  	
  05/02/06

  	
   

  	
   

  	
   

  	
  Perf*

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P601050

  	
   

  	
  $

  	
  92,625.00

  	
   

  	
  10/31/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P601065

  	
   

  	
  $

  	
  89,400.00

  	
   

  	
  08/20/06

  	
   

  	
  $

  	
  (2,600.00

  	
  )

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/10/05

  	
   

  	
  40

  	
   

  
	
   

  	
   

  	
  $

  	
  86,800.00

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  08/10/05

  	
   

  	
  08/22/05

  	
   

  	
  12

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P601170

  	
   

  	
  $

  	
  13,500.00

  	
   

  	
  11/14/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P601285

  	
   

  	
  $

  	
  100,000.00

  	
   

  	
  05/14/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P601295

  	
   

  	
  $

  	
  194,845.50

  	
   

  	
  05/31/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P601298

  	
   

  	
  $

  	
  116,400.00

  	
   

  	
  10/02/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P601299

  	
   

  	
  $

  	
  69,500.00

  	
   

  	
  10/20/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P601424

  	
   

  	
  $

  	
  1,188,000.00

  	
   

  	
  01/06/06

  	
   

  	
   

  	
   

  	
  Perf*

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P601521

  	
   

  	
  $

  	
  200,000.00

  	
   

  	
  09/20/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P601575

  	
   

  	
  $

  	
  147,202.00

  	
   

  	
  07/31/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P000107

  	
   

  	
  $

  	
  300,000.00

  	
   

  	
  12/01/05

  	
   

  	
   

  	
   

  	
  Perf*

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P000122

  	
   

  	
  $

  	
  1,000,000.00

  	
   

  	
  12/05/05

  	
   

  	
   

  	
   

  	
  Perf*

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P000159

  	
   

  	
  $

  	
  1,795,000.00

  	
   

  	
  08/20/06

  	
   

  	
  Amd Exp
  Dte

  	
   

  	
  Perf*

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P000239

  	
   

  	
  $

  	
  34,500.00

  	
   

  	
  11/21/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P000292

  	
   

  	
  $

  	
  253,000.00

  	
   

  	
  06/21/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P000413

  	
   

  	
  $

  	
  16,650.00

  	
   

  	
  03/26/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P000517

  	
   

  	
  $

  	
  1,397,000.00

  	
   

  	
  11/19/05

  	
   

  	
   

  	
   

  	
  Perf*

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P000769

  	
   

  	
  $

  	
  105,900.00

  	
   

  	
  09/30/05

  	
   

  	
   

  	
   

  	
  Perf*

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
																		

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Issuance

  	
   

  	
  Issuance

  	
   

  	
  Amend

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Rate

  	
   

  	
  Basis

  	
   

  	
  Commission

  	
   

  	
  Rate

  	
   

  	
  Fee

  	
   

  	
  Fee

  	
   

  	
  Total

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P600847

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  72.10

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  6.55

  	
   

  	
   

  	
   

  	
  $

  	
  78.65

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P600979

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  236.40

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  21.49

  	
   

  	
   

  	
   

  	
  $

  	
  257.89

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P601050

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  183.96

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  16.72

  	
   

  	
   

  	
   

  	
  $

  	
  200.69

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P601065

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  136.58

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  12.42

  	
   

  	
   

  	
   

  	
  $

  	
  149.00

  	
   

  
	
   

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  39.78

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  3.62

  	
   

  	
   

  	
   

  	
  $

  	
  43.40

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P601170

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  26.81

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  2.44

  	
   

  	
   

  	
   

  	
  $

  	
  29.25

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P601285

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  198.61

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  18.06

  	
   

  	
   

  	
   

  	
  $

  	
  216.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P601295

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  386.98

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  35.18

  	
   

  	
   

  	
   

  	
  $

  	
  422.17

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P601298

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  231.18

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  21.02

  	
   

  	
   

  	
   

  	
  $

  	
  252.20

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P601299

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  138.03

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  12.55

  	
   

  	
   

  	
   

  	
  $

  	
  150.58

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P601424

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  2,359.50

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  214.50

  	
   

  	
   

  	
   

  	
  $

  	
  2,574.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P601521

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  397.22

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  36.11

  	
   

  	
   

  	
   

  	
  $

  	
  433.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P601575

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  292.36

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  26.58

  	
   

  	
   

  	
   

  	
  $

  	
  318.94

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P000107

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  595.83

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  54.17

  	
   

  	
   

  	
   

  	
  $

  	
  650.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P000122

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  1,986.11

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  180.56

  	
   

  	
   

  	
   

  	
  $

  	
  2,166.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P000159

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  3,565.07

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  324.10

  	
   

  	
   

  	
   

  	
  $

  	
  3,889.17

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P000239

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  68.52

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  6.23

  	
   

  	
   

  	
   

  	
  $

  	
  74.75

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P000292

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  502.49

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  45.68

  	
   

  	
   

  	
   

  	
  $

  	
  548.17

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P000413

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  33.07

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  3.01

  	
   

  	
   

  	
   

  	
  $

  	
  36.08

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P000517

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  2,774.60

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  252.24

  	
   

  	
   

  	
   

  	
  $

  	
  3,026.83

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P000769

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  210.33

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  19.12

  	
   

  	
   

  	
   

  	
  $

  	
  229.45

  	
   

  

 

9

 

	
   

  	
   

  	
   

  	
   

  	
  Expiration

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Outstandings

  	
   

  	
  Date

  	
   

  	
  Comments

  	
   

  	
  Purpose*

  	
   

  	
  From

  	
   

  	
  To date

  	
   

  	
  Nos of Days

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P000770

  	
   

  	
  $

  	
  140,000.00

  	
   

  	
  09/30/05

  	
   

  	
   

  	
   

  	
  Perf*

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F841430

  	
   

  	
  $

  	
  1,000,000.00

  	
   

  	
  06/20/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F841571

  	
   

  	
  $

  	
  92,000.00

  	
   

  	
  04/30/07

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P000857

  	
   

  	
  $

  	
  115,000.00

  	
   

  	
  10/15/05

  	
   

  	
   

  	
   

  	
  Perf *

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F842162

  	
   

  	
  $

  	
  187,770.00

  	
   

  	
  10/10/05

  	
   

  	
   

  	
   

  	
  Fina*

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F842163

  	
   

  	
  $

  	
  195,280.80

  	
   

  	
  10/10/05

  	
   

  	
   

  	
   

  	
  Fina*

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F842164

  	
   

  	
  $

  	
  1,729,902.73

  	
   

  	
  10/10/05

  	
   

  	
   

  	
   

  	
  Fina*

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P000930

  	
   

  	
  $

  	
  205,000.00

  	
   

  	
  11/30/05

  	
   

  	
   

  	
   

  	
  Perf *

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P000931

  	
   

  	
  $

  	
  48,000.00

  	
   

  	
  11/30/05

  	
   

  	
   

  	
   

  	
  Perf *

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F842567

  	
   

  	
  $

  	
  179,115.00

  	
   

  	
  01/20/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F842568

  	
   

  	
  $

  	
  235,213.00

  	
   

  	
  01/20/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F842570

  	
   

  	
  $

  	
  117,607.00

  	
   

  	
  01/20/07

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F842571

  	
   

  	
  $

  	
  89,558.00

  	
   

  	
  01/20/07

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F842702

  	
   

  	
  $

  	
  350,000.00

  	
   

  	
  02/12/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001169

  	
   

  	
  $

  	
  113,500.00

  	
   

  	
  03/18/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001170

  	
   

  	
  $

  	
  147,015.00

  	
   

  	
  03/18/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001171

  	
   

  	
  $

  	
  13,070.00

  	
   

  	
  03/18/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001183

  	
   

  	
  $

  	
  26,000.00

  	
   

  	
  03/23/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001258

  	
   

  	
  $

  	
  242,000.00

  	
   

  	
  04/30/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001275

  	
   

  	
  $

  	
  175,000.00

  	
   

  	
  05/18/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001279

  	
   

  	
  $

  	
  37,000.00

  	
   

  	
  04/27/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Issuance

  	
   

  	
  Issuance

  	
   

  	
  Amend

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Rate

  	
   

  	
  Basis

  	
   

  	
  Commission

  	
   

  	
  Rate

  	
   

  	
  Fee

  	
   

  	
  Fee

  	
   

  	
  Total

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P000770

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  278.06

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  25.28

  	
   

  	
   

  	
   

  	
  $

  	
  303.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F841430

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  1,986.11

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  180.56

  	
   

  	
   

  	
   

  	
  $

  	
  2,166.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F841571

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  182.72

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  16.61

  	
   

  	
   

  	
   

  	
  $

  	
  199.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P000857

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  228.40

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  20.76

  	
   

  	
   

  	
   

  	
  $

  	
  249.17

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F842162

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  372.93

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  33.90

  	
   

  	
   

  	
   

  	
  $

  	
  406.84

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F842163

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  387.85

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  35.26

  	
   

  	
   

  	
   

  	
  $

  	
  423.11

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F842164

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  3,435.78

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  312.34

  	
   

  	
   

  	
   

  	
  $

  	
  3,748.12

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P000930

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  407.15

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  37.01

  	
   

  	
   

  	
   

  	
  $

  	
  444.17

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P000931

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  95.33

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  8.67

  	
   

  	
   

  	
   

  	
  $

  	
  104.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F842567

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  355.74

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  32.34

  	
   

  	
   

  	
   

  	
  $

  	
  388.08

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F842568

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  467.16

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  42.47

  	
   

  	
   

  	
   

  	
  $

  	
  509.63

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F842570

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  233.58

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  21.23

  	
   

  	
   

  	
   

  	
  $

  	
  254.82

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F842571

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  177.87

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  16.17

  	
   

  	
   

  	
   

  	
  $

  	
  194.04

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F842702

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  695.14

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  63.19

  	
   

  	
   

  	
   

  	
  $

  	
  758.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001169

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  225.42

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  20.49

  	
   

  	
   

  	
   

  	
  $

  	
  245.92

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001170

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  291.99

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  26.54

  	
   

  	
   

  	
   

  	
  $

  	
  318.53

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001171

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  25.96

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  2.36

  	
   

  	
   

  	
   

  	
  $

  	
  28.32

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001183

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  51.64

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  4.69

  	
   

  	
   

  	
   

  	
  $

  	
  56.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001258

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  480.64

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  43.69

  	
   

  	
   

  	
   

  	
  $

  	
  524.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001275

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  347.57

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  31.60

  	
   

  	
   

  	
   

  	
  $

  	
  379.17

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001279

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  73.49

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  6.68

  	
   

  	
   

  	
   

  	
  $

  	
  80.17

  	
   

  

 

10

 

	
   

  	
   

  	
   

  	
   

  	
  Expiration

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Outstandings

  	
   

  	
  Date

  	
   

  	
  Comments

  	
   

  	
  Purpose*

  	
   

  	
  From

  	
   

  	
  To date

  	
   

  	
  Nos of Days

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001307

  	
   

  	
  $

  	
  10,000.00

  	
   

  	
  06/03/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F843313

  	
   

  	
  $

  	
  100,000.00

  	
   

  	
  05/01/08

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F843356

  	
   

  	
  $

  	
  414,050.00

  	
   

  	
  06/18/07

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001434

  	
   

  	
  $

  	
  16,690.00

  	
   

  	
  08/06/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001450

  	
   

  	
  $

  	
  148,000.00

  	
   

  	
  08/12/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001566

  	
   

  	
  $

  	
  55,000.00

  	
   

  	
  10/31/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F843922

  	
   

  	
  $

  	
  100,000.00

  	
   

  	
  10/31/05

  	
   

  	
  Amd Exp
  Dte

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F843925

  	
   

  	
  $

  	
  100,000.00

  	
   

  	
  12/25/05

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001582

  	
   

  	
  $

  	
  159,700.00

  	
   

  	
  10/31/05

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001595

  	
   

  	
  $

  	
  846,963.15

  	
   

  	
  11/10/07

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F844100

  	
   

  	
  $

  	
  500,000.00

  	
   

  	
  11/15/07

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F844868

  	
   

  	
  $

  	
  250,000.00

  	
   

  	
  08/25/05

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F845185

  	
   

  	
  $

  	
  500,000.00

  	
   

  	
  12/15/07

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001860

  	
   

  	
  $

  	
  211,978.00

  	
   

  	
  01/01/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001861

  	
   

  	
  $

  	
  288,735.50

  	
   

  	
  01/01/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F845355

  	
   

  	
  $

  	
  161,410.00

  	
   

  	
  12/21/06

  	
   

  	
  $

  	
  (145,269.00

  	
  )

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  07/18/05

  	
   

  	
  17

  	
   

  
	
   

  	
   

  	
  $

  	
  16,141.00

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  07/18/05

  	
   

  	
  08/22/05

  	
   

  	
  35

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F845542

  	
   

  	
  $

  	
  300,000.00

  	
   

  	
  11/04/07

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F845548

  	
   

  	
  $

  	
  400,000.00

  	
   

  	
  01/12/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001936

  	
   

  	
  $

  	
  30,000.00

  	
   

  	
  01/25/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001937

  	
   

  	
  $

  	
  146,200.00

  	
   

  	
  01/25/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001938

  	
   

  	
  $

  	
  197,400.00

  	
   

  	
  01/25/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
																		

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Issuance

  	
   

  	
  Issuance

  	
   

  	
  Amend

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Rate

  	
   

  	
  Basis

  	
   

  	
  Commission

  	
   

  	
  Rate

  	
   

  	
  Fee

  	
   

  	
  Fee

  	
   

  	
  Total

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001307

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  19.86

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  1.81

  	
   

  	
   

  	
   

  	
  $

  	
  21.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F843313

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  198.61

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  18.06

  	
   

  	
   

  	
   

  	
  $

  	
  216.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F843356

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  822.35

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  74.76

  	
   

  	
   

  	
   

  	
  $

  	
  897.11

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001434

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  33.15

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  3.01

  	
   

  	
   

  	
   

  	
  $

  	
  36.16

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001450

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  293.94

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  26.72

  	
   

  	
   

  	
   

  	
  $

  	
  320.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001566

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  109.24

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  9.93

  	
   

  	
   

  	
   

  	
  $

  	
  119.17

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F843922

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  198.61

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  18.06

  	
   

  	
   

  	
   

  	
  $

  	
  216.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F843925

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  198.61

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  18.06

  	
   

  	
   

  	
   

  	
  $

  	
  216.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001582

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  317.18

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  28.83

  	
   

  	
   

  	
   

  	
  $

  	
  346.02

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001595

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  1,682.16

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  152.92

  	
   

  	
   

  	
   

  	
  $

  	
  1,835.09

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F844100

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  993.06

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  90.28

  	
   

  	
   

  	
   

  	
  $

  	
  1,083.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F844868

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  496.53

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  45.14

  	
   

  	
   

  	
   

  	
  $

  	
  541.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F845185

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  993.06

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  90.28

  	
   

  	
   

  	
   

  	
  $

  	
  1,083.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001860

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  421.01

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  38.27

  	
   

  	
   

  	
   

  	
  $

  	
  459.29

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001861

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  573.46

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  52.13

  	
   

  	
   

  	
   

  	
  $

  	
  625.59

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F845355

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  104.80

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  9.53

  	
   

  	
   

  	
   

  	
  $

  	
  114.33

  	
   

  
	
   

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  21.58

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  1.96

  	
   

  	
   

  	
   

  	
  $

  	
  23.54

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F845542

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  595.83

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  54.17

  	
   

  	
   

  	
   

  	
  $

  	
  650.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F845548

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  794.44

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  72.22

  	
   

  	
   

  	
   

  	
  $

  	
  866.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001936

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  59.58

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  5.42

  	
   

  	
   

  	
   

  	
  $

  	
  65.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001937

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  290.37

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  26.40

  	
   

  	
   

  	
   

  	
  $

  	
  316.77

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001938

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  392.06

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  35.64

  	
   

  	
   

  	
   

  	
  $

  	
  427.70

  	
   

  

 

11

 

	
   

  	
   

  	
   

  	
   

  	
  Expiration

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Outstandings

  	
   

  	
  Date

  	
   

  	
  Comments

  	
   

  	
  Purpose*

  	
   

  	
  From

  	
   

  	
  To date

  	
   

  	
  Nos of Days

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001939

  	
   

  	
  $

  	
  197,500.00

  	
   

  	
  01/25/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001947

  	
   

  	
  $

  	
  9,400.00

  	
   

  	
  02/01/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001948

  	
   

  	
  $

  	
  8,050.00

  	
   

  	
  02/01/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F845648

  	
   

  	
  $

  	
  250,000.00

  	
   

  	
  02/04/07

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001964

  	
   

  	
  $

  	
  13,068.00

  	
   

  	
  02/07/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F845786

  	
   

  	
  $

  	
  200,000.00

  	
   

  	
  10/04/05

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002004

  	
   

  	
  $

  	
  20,800.00

  	
   

  	
  02/22/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002005

  	
   

  	
  $

  	
  66,700.00

  	
   

  	
  02/22/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002006

  	
   

  	
  $

  	
  360,300.00

  	
   

  	
  02/22/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001985

  	
   

  	
  $

  	
  30,000.00

  	
   

  	
  02/22/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F845974

  	
   

  	
  $

  	
  125,000.00

  	
   

  	
  09/15/05

  	
   

  	
  Cancelled

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/15/05

  	
   

  	
  45

  	
   

  
	
   

  	
   

  	
  $

  	
  0.00

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F845975

  	
   

  	
  $

  	
  25,000.00

  	
   

  	
  03/11/06

  	
   

  	
  Cancelled

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  07/15/05

  	
   

  	
  14

  	
   

  
	
   

  	
   

  	
  $

  	
  0.00

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002073

  	
   

  	
  $

  	
  74,431.45

  	
   

  	
  04/01/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002074

  	
   

  	
  $

  	
  100,000.00

  	
   

  	
  03/23/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002077

  	
   

  	
  $

  	
  363,305.00

  	
   

  	
  02/24/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002081

  	
   

  	
  $

  	
  74,063.00

  	
   

  	
  03/28/07

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002082

  	
   

  	
  $

  	
  38,400.00

  	
   

  	
  03/28/07

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846105

  	
   

  	
  $

  	
  125,000.00

  	
   

  	
  04/01/06

  	
   

  	
   

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846114

  	
   

  	
  $

  	
  150,000.00

  	
   

  	
  04/07/07

  	
   

  	
   

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846160

  	
   

  	
  $

  	
  275,000.00

  	
   

  	
  03/08/06

  	
   

  	
  Cancelled

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  07/15/05

  	
   

  	
  14

  	
   

  
	
   

  	
   

  	
  $

  	
  0.00

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Issuance

  	
   

  	
  Issuance

  	
   

  	
  Amend

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Rate

  	
   

  	
  Basis

  	
   

  	
  Commission

  	
   

  	
  Rate

  	
   

  	
  Fee

  	
   

  	
  Fee

  	
   

  	
  Total

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001939

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  392.26

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  35.66

  	
   

  	
   

  	
   

  	
  $

  	
  427.92

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001947

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  18.67

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  1.70

  	
   

  	
   

  	
   

  	
  $

  	
  20.37

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001948

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  15.99

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  1.45

  	
   

  	
   

  	
   

  	
  $

  	
  17.44

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F845648

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  496.53

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  45.14

  	
   

  	
   

  	
   

  	
  $

  	
  541.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001964

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  25.95

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  2.36

  	
   

  	
   

  	
   

  	
  $

  	
  28.31

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F845786

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  397.22

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  36.11

  	
   

  	
   

  	
   

  	
  $

  	
  433.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002004

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  41.31

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  3.76

  	
   

  	
   

  	
   

  	
  $

  	
  45.07

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002005

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  132.47

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  12.04

  	
   

  	
   

  	
   

  	
  $

  	
  144.52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002006

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  715.60

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  65.05

  	
   

  	
   

  	
   

  	
  $

  	
  780.65

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P001985

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  59.58

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  5.42

  	
   

  	
   

  	
   

  	
  $

  	
  65.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F845974

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  214.84

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  19.53

  	
   

  	
   

  	
   

  	
  $

  	
  234.38

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F845975

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  13.37

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  1.22

  	
   

  	
   

  	
   

  	
  $

  	
  14.58

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002073

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  147.83

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  13.44

  	
   

  	
   

  	
   

  	
  $

  	
  161.27

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002074

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  198.61

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  18.06

  	
   

  	
   

  	
   

  	
  $

  	
  216.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002077

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  721.56

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  65.60

  	
   

  	
   

  	
   

  	
  $

  	
  787.16

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002081

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  147.10

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  13.37

  	
   

  	
   

  	
   

  	
  $

  	
  160.47

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002082

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  76.27

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  6.93

  	
   

  	
   

  	
   

  	
  $

  	
  83.20

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846105

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  248.26

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  22.57

  	
   

  	
   

  	
   

  	
  $

  	
  270.83

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846114

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  297.92

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  27.08

  	
   

  	
   

  	
   

  	
  $

  	
  325.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846160

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  147.05

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  13.37

  	
   

  	
   

  	
   

  	
  $

  	
  160.42

  	
   

  

 

12

 

	
   

  	
   

  	
   

  	
   

  	
  Expiration

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Outstandings

  	
   

  	
  Date

  	
   

  	
  Comments

  	
   

  	
  Purpose*

  	
   

  	
  From

  	
   

  	
  To date

  	
   

  	
  Nos of Days

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846213

  	
   

  	
  $

  	
  500,000.00

  	
   

  	
  04/11/06

  	
   

  	
   

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846218

  	
   

  	
  $

  	
  500,000.00

  	
   

  	
  03/09/06

  	
   

  	
  Cancelled

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  07/15/05

  	
   

  	
  14

  	
   

  
	
   

  	
   

  	
  $

  	
  0.00

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002145

  	
   

  	
  $

  	
  118,000.00

  	
   

  	
  04/12/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846244

  	
   

  	
  $

  	
  250,000.00

  	
   

  	
  04/14/06

  	
   

  	
   

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846293

  	
   

  	
  $

  	
  108,000.00

  	
   

  	
  04/27/06

  	
   

  	
   

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846282

  	
   

  	
  $

  	
  1,900,654.50

  	
   

  	
  04/29/06

  	
   

  	
   

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002171

  	
   

  	
  $

  	
  15,000.00

  	
   

  	
  04/28/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846377

  	
   

  	
  $

  	
  100,000.00

  	
   

  	
  05/10/06

  	
   

  	
  Cancelled

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  07/18/05

  	
   

  	
  17

  	
   

  
	
   

  	
   

  	
  $

  	
  0.00

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002190

  	
   

  	
  $

  	
  92,856.00

  	
   

  	
  05/09/07

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002191

  	
   

  	
  $

  	
  53,361.00

  	
   

  	
  05/09/07

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846409

  	
   

  	
  $

  	
  1,097,744.00

  	
   

  	
  05/12/06

  	
   

  	
   

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846410

  	
   

  	
  $

  	
  49,818.00

  	
   

  	
  05/13/06

  	
   

  	
   

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002202

  	
   

  	
  $

  	
  954,856.00

  	
   

  	
  05/14/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002203

  	
   

  	
  $

  	
  118,110.00

  	
   

  	
  05/15/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846435

  	
   

  	
  $

  	
  2,000.00

  	
   

  	
  10/17/05

  	
   

  	
   

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846459

  	
   

  	
  $

  	
  4,486,130.00

  	
   

  	
  03/31/07

  	
   

  	
   

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002221

  	
   

  	
  $

  	
  29,332.00

  	
   

  	
  05/24/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002227

  	
   

  	
  $

  	
  116,900.00

  	
   

  	
  05/27/06

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002294

  	
   

  	
  $

  	
  186,300.00

  	
   

  	
  06/20/07

  	
   

  	
   

  	
   

  	
  Perf

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Issuance

  	
   

  	
  Issuance

  	
   

  	
  Amend

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Rate

  	
   

  	
  Basis

  	
   

  	
  Commission

  	
   

  	
  Rate

  	
   

  	
  Fee

  	
   

  	
  Fee

  	
   

  	
  Total

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846213

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  993.06

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  90.28

  	
   

  	
   

  	
   

  	
  $

  	
  1,083.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846218

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  267.36

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  24.31

  	
   

  	
   

  	
   

  	
  $

  	
  291.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002145

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  234.36

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  21.31

  	
   

  	
   

  	
   

  	
  $

  	
  255.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846244

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  496.53

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  45.14

  	
   

  	
   

  	
   

  	
  $

  	
  541.67

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846293

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  214.50

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  19.50

  	
   

  	
   

  	
   

  	
  $

  	
  234.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846282

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  3,774.91

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  343.17

  	
   

  	
   

  	
   

  	
  $

  	
  4,118.08

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002171

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  29.79

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  2.71

  	
   

  	
   

  	
   

  	
  $

  	
  32.50

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846377

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  64.93

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  5.90

  	
   

  	
   

  	
   

  	
  $

  	
  70.83

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002190

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  184.42

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  16.77

  	
   

  	
   

  	
   

  	
  $

  	
  201.19

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002191

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  105.98

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  9.63

  	
   

  	
   

  	
   

  	
  $

  	
  115.62

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846409

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  2,180.24

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  198.20

  	
   

  	
   

  	
   

  	
  $

  	
  2,378.45

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846410

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  98.94

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  8.99

  	
   

  	
   

  	
   

  	
  $

  	
  107.94

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002202

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  1,896.45

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  172.40

  	
   

  	
   

  	
   

  	
  $

  	
  2,068.85

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002203

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  234.58

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  21.33

  	
   

  	
   

  	
   

  	
  $

  	
  255.91

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846435

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  3.97

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  0.36

  	
   

  	
   

  	
   

  	
  $

  	
  4.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846459

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  8,909.95

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  810.00

  	
   

  	
   

  	
   

  	
  $

  	
  9,719.95

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002221

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  58.26

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  5.30

  	
   

  	
   

  	
   

  	
  $

  	
  63.55

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002227

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  232.18

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  21.11

  	
   

  	
   

  	
   

  	
  $

  	
  253.28

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002294

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  370.01

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  33.64

  	
   

  	
   

  	
   

  	
  $

  	
  403.65

  	
   

  

 

13

 

	
   

  	
   

  	
   

  	
   

  	
  Expiration

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Outstandings

  	
   

  	
  Date

  	
   

  	
  Comments

  	
   

  	
  Purpose*

  	
   

  	
  From

  	
   

  	
  To date

  	
   

  	
  Nos of Days

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846500

  	
   

  	
  $

  	
  525,000.00

  	
   

  	
  04/14/06

  	
   

  	
   

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846511

  	
   

  	
  $

  	
  150,000.00

  	
   

  	
  05/31/06

  	
   

  	
  Cancelled

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  07/22/05

  	
   

  	
  21

  	
   

  
	
   

  	
   

  	
  $

  	
  0.00

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846540

  	
   

  	
  $

  	
  50,000.00

  	
   

  	
  05/31/06

  	
   

  	
   

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846612

  	
   

  	
  $

  	
  300,000.00

  	
   

  	
  06/20/06

  	
   

  	
   

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846710

  	
   

  	
  $

  	
  1,250,000.00

  	
   

  	
  07/05/06

  	
   

  	
   

  	
   

  	
  FINA

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846767

  	
   

  	
  $

  	
  25,000.00

  	
   

  	
  06/30/06

  	
   

  	
  New

  	
   

  	
  FINA

  	
   

  	
  07/12/05

  	
   

  	
  08/22/05

  	
   

  	
  41

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846768

  	
   

  	
  $

  	
  25,000.00

  	
   

  	
  06/30/06

  	
   

  	
  New

  	
   

  	
  FINA

  	
   

  	
  07/12/05

  	
   

  	
  08/22/05

  	
   

  	
  41

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846776

  	
   

  	
  $

  	
  102,700.00

  	
   

  	
  07/14/08

  	
   

  	
  New

  	
   

  	
  FINA

  	
   

  	
  07/13/05

  	
   

  	
  08/22/05

  	
   

  	
  40

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846810

  	
   

  	
  $

  	
  408,000.00

  	
   

  	
  05/11/06

  	
   

  	
  New

  	
   

  	
  FINA

  	
   

  	
  07/19/05

  	
   

  	
  08/22/05

  	
   

  	
  34

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846838

  	
   

  	
  $

  	
  67,109.63

  	
   

  	
  07/29/06

  	
   

  	
  New

  	
   

  	
  FINA

  	
   

  	
  07/25/05

  	
   

  	
  08/22/05

  	
   

  	
  28

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846935

  	
   

  	
  $

  	
  284,750.00

  	
   

  	
  10/10/05

  	
   

  	
  New

  	
   

  	
  FINA

  	
   

  	
  08/10/05

  	
   

  	
  08/22/05

  	
   

  	
  12

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002467

  	
   

  	
  $

  	
  322,463.00

  	
   

  	
  09/14/06

  	
   

  	
  New

  	
   

  	
  Perf

  	
   

  	
  08/17/05

  	
   

  	
  08/22/05

  	
   

  	
  5

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846966

  	
   

  	
  $

  	
  500,000.00

  	
   

  	
  08/18/08

  	
   

  	
  New

  	
   

  	
  FINA

  	
   

  	
  08/17/05

  	
   

  	
  08/22/05

  	
   

  	
  5

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  TOTAL

  	
   

  	
  $

  	
  37,205,888.26

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Issuance

  	
   

  	
  Issuance

  	
   

  	
  Amend

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Rate

  	
   

  	
  Basis

  	
   

  	
  Commission

  	
   

  	
  Rate

  	
   

  	
  Fee

  	
   

  	
  Fee

  	
   

  	
  Total

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846500

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  1,042.71

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  94.79

  	
   

  	
   

  	
   

  	
  $

  	
  1,137.50

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846511

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  120.31

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  10.94

  	
   

  	
   

  	
   

  	
  $

  	
  131.25

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846540

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  99.31

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  9.03

  	
   

  	
   

  	
   

  	
  $

  	
  108.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846612

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  595.83

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  54.17

  	
   

  	
   

  	
   

  	
  $

  	
  650.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846710

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  2,482.64

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  225.69

  	
   

  	
   

  	
   

  	
  $

  	
  2,708.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846767

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  39.15

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  3.56

  	
   

  	
   

  	
   

  	
  $

  	
  42.71

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846768

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  39.15

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  3.56

  	
   

  	
   

  	
   

  	
  $

  	
  42.71

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846776

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  156.90

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  14.26

  	
   

  	
   

  	
   

  	
  $

  	
  171.17

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846810

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  529.83

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  48.17

  	
   

  	
   

  	
   

  	
  $

  	
  578.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846838

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  71.77

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  6.52

  	
   

  	
   

  	
   

  	
  $

  	
  78.29

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846935

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  130.51

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  11.86

  	
   

  	
   

  	
   

  	
  $

  	
  142.38

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  P002467

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  61.58

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  5.60

  	
   

  	
   

  	
   

  	
  $

  	
  67.18

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  F846966

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  95.49

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  8.68

  	
   

  	
   

  	
   

  	
  $

  	
  104.17

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  TOTAL

  	
   

  	
  Subtotal

  	
   

  	
   

  	
   

  	
  $

  	
  72,534.56

  	
   

  	
   

  	
   

  	
  $

  	
  6,594.05

  	
   

  	
   

  	
   

  	
  $

  	
  79,128.62

  	
   

  

 

	
  FIFTH THIRD

  	
   

  	
  Amount

  	
   

  	
  Expiration

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Outstandings

  	
   

  	
  Date

  	
   

  	
  Comments

  	
   

  	
  Purpose*

  	
   

  	
  From

  	
   

  	
  To date

  	
   

  	
  Nos of Days

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CIS400496

  	
   

  	
  $

  	
  733,333.34

  	
   

  	
  12/09/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CIS400515

  	
   

  	
  $

  	
  500,000.00

  	
   

  	
  12/09/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CIS400513

  	
   

  	
  $

  	
  733,333.33

  	
   

  	
  12/09/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CIS400498

  	
   

  	
  $

  	
  733,333.33

  	
   

  	
  12/09/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Total O/S

  	
   

  	
  $

  	
  2,700,000.00

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

	
  FIFTH THIRD

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Issuance

  	
   

  	
  Issuance

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Rate

  	
   

  	
  Basis

  	
   

  	
  Commission

  	
   

  	
  Rate

  	
   

  	
  Fee

  	
   

  	
   

  	
   

  	
  Total

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CIS400496

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  1,456.48

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  132.41

  	
   

  	
   

  	
   

  	
  $

  	
  1,588.89

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CIS400515

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  993.06

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  90.28

  	
   

  	
   

  	
   

  	
  $

  	
  1,083.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CIS400513

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  1,456.48

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  132.41

  	
   

  	
   

  	
   

  	
  $

  	
  1,588.89

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CIS400498

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  1,456.48

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  132.41

  	
   

  	
   

  	
   

  	
  $

  	
  1,588.89

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Total O/S

  	
   

  	
  Subtotal

  	
   

  	
   

  	
   

  	
  $

  	
  5,362.50

  	
   

  	
   

  	
   

  	
  $

  	
  487.50

  	
   

  	
   

  	
   

  	
  $

  	
  5,850.00

  	
   

  

 

14

 

	
  WACHOVIA

  	
   

  	
  Amount

  	
   

  	
  Expiration

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Outstandings

  	
   

  	
  Date

  	
   

  	
  Comments

  	
   

  	
  Purpose*

  	
   

  	
  From

  	
   

  	
  To date

  	
   

  	
  Nos of Days

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SM212633W

  	
   

  	
  $

  	
  200,000.00

  	
   

  	
  03/08/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/04/05

  	
   

  	
  34

  	
   

  
	
   

  	
   

  	
  $

  	
  0.00

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SM212855W

  	
   

  	
  $

  	
  30,000.00

  	
   

  	
  04/30/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SM212891

  	
   

  	
  $

  	
  278,000.00

  	
   

  	
  03/20/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SM212682

  	
   

  	
  $

  	
  523,525.00

  	
   

  	
  04/30/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SM213359w

  	
   

  	
  $

  	
  672,574.00

  	
   

  	
  05/31/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SM213929

  	
   

  	
  $

  	
  49,460.00

  	
   

  	
  06/30/06

  	
   

  	
   

  	
   

  	
  Fina

  	
   

  	
  07/01/05

  	
   

  	
  08/22/05

  	
   

  	
  52

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SM214991

  	
   

  	
  $

  	
  465,000.00

  	
   

  	
  08/31/06

  	
   

  	
  New

  	
   

  	
  Perf

  	
   

  	
  07/28/05

  	
   

  	
  08/22/05

  	
   

  	
  25

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SM215267

  	
   

  	
  $

  	
  917,000.00

  	
   

  	
  09/15/06

  	
   

  	
  New

  	
   

  	
  Perf

  	
   

  	
  08/11/05

  	
   

  	
  08/22/05

  	
   

  	
  11

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Total O/S

  	
   

  	
  $

  	
  2,935,559.00

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Grand Total

  	
   

  	
  $

  	
  91,998,373.45

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

	
  WACHOVIA

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Issuance

  	
   

  	
  Issuance

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  L/C Nos

  	
   

  	
  Rate

  	
   

  	
  Basis

  	
   

  	
  Commission

  	
   

  	
  Rate

  	
   

  	
  Fee

  	
   

  	
  Amend Fee

  	
   

  	
  Total

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SM212633W

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  259.72

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  23.61

  	
   

  	
   

  	
   

  	
  $

  	
  283.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SM212855W

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  59.58

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  5.42

  	
   

  	
   

  	
   

  	
  $

  	
  65.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SM212891

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  552.14

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  50.19

  	
   

  	
   

  	
   

  	
  $

  	
  602.33

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SM212682

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  1,039.78

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  94.53

  	
   

  	
   

  	
   

  	
  $

  	
  1,134.30

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SM213359w

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  1,335.81

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  121.44

  	
   

  	
   

  	
   

  	
  $

  	
  1,457.24

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SM213929

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  98.23

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  8.93

  	
   

  	
   

  	
   

  	
  $

  	
  107.16

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SM214991

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  444.01

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  40.36

  	
   

  	
   

  	
   

  	
  $

  	
  484.38

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SM215267

  	
   

  	
  1.375

  	
  %

  	
  360

  	
   

  	
  $

  	
  385.27

  	
   

  	
  0.125

  	
  %

  	
  $

  	
  35.02

  	
   

  	
   

  	
   

  	
  $

  	
  420.29

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Total O/S

  	
   

  	
  Subtotal

  	
   

  	
   

  	
   

  	
  $

  	
  4,174.54

  	
   

  	
   

  	
   

  	
  $

  	
  379.50

  	
   

  	
   

  	
   

  	
  $

  	
  4,554.04

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Grand Total

  	
   

  	
  Grand
  Total

  	
   

  	
   

  	
   

  	
  $

  	
  188,315.50

  	
   

  	
   

  	
   

  	
  $

  	
  17,119.59

  	
   

  	
  $

  	
  3,700.00

  	
   

  	
  $

  	
  209,135.09

  	
   

  
																				

 

	
  PARTICIPANTS

  	
   

  	
  PRO RATA

  	
   

  	
  L/C O/S

  	
   

  
	
  AMSOUTH BANK

  	
   

  	
  3.333333333

  	
  %

  	
  3,066,612.45

  	
   

  
	
  BANKUNITED FSB

  	
   

  	
  4.000000000

  	
  %

  	
  3,679,934.94

  	
   

  
	
  BNP PARIBAS

  	
   

  	
  8.533333335

  	
  %

  	
  7,850,527.87

  	
   

  
	
  CITICORP NORTH AMERICA

  	
   

  	
  3.333333333

  	
  %

  	
  3,066,612.45

  	
   

  
	
  COMERICA BANK (DETROIT)

  	
   

  	
  5.333333333

  	
  %

  	
  4,906,579.92

  	
   

  
	
  COMPASS BANK

  	
   

  	
  3.333333333

  	
  %

  	
  3,066,612.45

  	
   

  
	
  DEUTSCHE BANK

  	
   

  	
  3.333333333

  	
  %

  	
  3,066,612.45

  	
   

  
	
  FIFTH THIRD

  	
   

  	
  3.333333333

  	
  %

  	
  3,066,612.45

  	
   

  
	
  GUARANTY FEDERAL

  	
   

  	
  8.533333335

  	
  %

  	
  7,850,527.87

  	
   

  
	
  KEY

  	
   

  	
  4.666666667

  	
  %

  	
  4,293,257.43

  	
   

  
	
  PNC

  	
   

  	
  6.666666667

  	
  %

  	
  6,133,224.90

  	
   

  
	
  ROYAL BANK OF SCOTLAND

  	
   

  	
  8.533333333

  	
  %

  	
  7,850,527.87

  	
   

  
	
  SUNTRUST

  	
   

  	
  6.666666667

  	
  %

  	
  6,133,224.90

  	
   

  
	
  UBS LOAN FINANCE

  	
   

  	
  3.333333333

  	
  %

  	
  3,066,612.45

  	
   

  
	
  UNION PLANTERS BANK

  	
   

  	
  3.333333333

  	
  %

  	
  3,066,612.45

  	
   

  
	
  WACHOVIA

  	
   

  	
  8.533333335

  	
  %

  	
  7,850,527.87

  	
   

  
	
  WASHINGTON MUTUAL

  	
   

  	
  6.666666667

  	
  %

  	
  6,133,224.90

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SUBTOTAL

  	
   

  	
  91.46666667

  	
  %

  	
  84,147,845.58

  	
   

  
	
  BANK ONE

  	
   

  	
  8.533333335

  	
  %

  	
  7,850,527.87

  	
   

  
	
  TOTAL

  	
   

  	
  100.000000

  	
  %

  	
  91,998,373.45

  	
   

  

 

Please wire the funds to:

Bank One NA, Chicago IL

ABA 021000021

Acct Number: 9008109962

Ref Beazer

 

15

 

Schedule III

 

GUARANTORS

 

The Guarantors are all of the Borrower’s Subsidiaries listed on Schedule 4.10,
except the following:

 

•              Security
Title Insurance Company

 

•              United
Homes Insurance Corporation

 

•              Beazer
Mortgage Corporation

 

•              Beazer
Title Agency of Arizona, LLC

 

•              Beazer
Title Agency of Nevada, LLC

 

 

Schedule 4.07

 

CLAIMS

 

The following matters have been disclosed by the Borrower in its
Quarterly Report on Form 10Q for the quarter ended June 30, 2005 as
filed with the Securities and Exchange Commission:

 

Midwest Water Intrusion Claims

 

As of June 30, 2005, there were eleven pending lawsuits against
our subsidiary, Trinity Homes LLC, by individual homeowners for claims related
to moisture intrusion and mold. 
Additionally, a class action suit was filed in the State of Indiana in August 2003
against Trinity Homes LLC and Beazer Homes Investment Corp.  The parties in the class action reached a
settlement agreement which was approved by the Court on October 20,
2004.  The settlement class includes, with
certain exclusions, the current owners of all Trinity homes that have brick
veneer, where the closing of Trinity’s initial sale of the home took place
between June 1, 1998 and October 31, 2002.  The settlement agreement establishes an
agreed protocol and process for assessment and remediation of any external
water intrusion issues at the homes which includes, among other things, that
the homes will be repaired at Trinity’s expense.  The settlement agreement also provides for
payment of plaintiffs’ attorneys’ fees and for Trinity to pay an agreed amount
for engineering inspection costs for each home for which a claim is filed under
the settlement.  Under the settlement,
subject to Trinity’s timely performance of the specified assessments and
remediation activities for homeowners who file claims, each homeowner releases
Trinity, Beazer Homes Investment Corp. and other affiliated companies,
including Beazer Homes USA, Inc. from the claims asserted in the class
action lawsuit, claims arising out of external water intrusion, claims of
improper brick installation, including property damage claims, loss or
diminution of property value claims and most personal injury claims, among
others.  No appeals of the Court’s order
approving the settlement were filed.  A
total of 1,311 valid claims were filed.  Class members
who did not file a claim by February 15, 2005 are no longer able to file a
class action claim under the settlement or pursue an individual claim against
Trinity.

 

Additional information on reserves maintained by the Borrower for this
issue is included in the Quarterly Report on Form 10Q in Footnote 9
(Contingencies) to our consolidated financial statement.

 

 

Schedule 4.10

 

SUBSIDIARIES OF BORROWER

 

	
   

  	
   

  	
  State of

  
	
  Subsidiary

  	
   

  	
  Incorporation/Formation

  
	
   

  	
   

  	
   

  
	
  Wholly-Owned Subsidiaries of Beazer Homes
  USA, Inc.

  	
   

  	
   

  
	
  Beazer Homes Holdings Corp.

  	
   

  	
  Delaware

  
	
  Beazer Mortgage Corporation

  	
   

  	
  Delaware

  
	
  Homebuilders Title Services, Inc.

  	
   

  	
  Delaware

  
	
  Homebuilders Title Services of Virginia, Inc.

  	
   

  	
  Virginia

  
	
  Security Title Insurance Company

  	
   

  	
  Vermont

  
	
   

  	
   

  	
   

  
	
  Wholly-Owned Subsidiaries of Beazer Homes
  Holdings Corp.

  	
   

  	
   

  
	
  April Corporation

  	
   

  	
  Colorado

  
	
  Beazer Allied Companies Holdings, Inc.

  	
   

  	
  Delaware

  
	
  Beazer General Services, Inc.

  	
   

  	
  Delaware

  
	
  Beazer Homes Corp.

  	
   

  	
  Tennessee

  
	
  Beazer Homes Sales, Inc.

  	
   

  	
  Delaware

  
	
  Beazer Homes Texas Holdings, Inc.

  	
   

  	
  Delaware

  
	
  Beazer Realty Los Angeles, Inc.

  	
   

  	
  Delaware

  
	
  Beazer Realty Sacramento, Inc.

  	
   

  	
  Delaware

  
	
  Beazer SPE, LLC

  	
   

  	
  Georgia

  
	
  Beazer Title Agency of Arizona, LLC

  	
   

  	
  Arizona

  
	
  Beazer Title Agency of Nevada, LLC

  	
   

  	
  Nevada

  
	
   

  	
   

  	
   

  
	
  Wholly-Owned Subsidiaries of Beazer Homes
  Corp.

  	
   

  	
   

  
	
  Arden Park, LLC

  	
   

  	
  Florida

  
	
  Beazer Clarksburg, LLC

  	
   

  	
  Maryland

  
	
  Beazer Commercial Holdings, LLC

  	
   

  	
  Delaware

  
	
  Beazer Homes Investments, LLC

  	
   

  	
  Delaware

  
	
  Beazer Realty Corp.

  	
   

  	
  Georgia

  
	
  Beazer Realty, Inc.

  	
   

  	
  New Jersey

  
	
  Beazer/Squires Realty, Inc.

  	
   

  	
  North
  Carolina

  
	
   

  	
   

  	
   

  
	
  Wholly-Owned Subsidiaries of Beazer Homes
  Investments, LLC

  	
   

  	
   

  
	
  Beazer Homes Indiana Holdings Corp.

  	
   

  	
  Delaware

  
	
  Beazer Realty Services, LLC

  	
   

  	
  Delaware

  
	
  Paragon Title, LLC

  	
   

  	
  Indiana

  

 

 

	
   

  	
   

  	
  State of

  	
   

  	
  Borrower’s

  
	
  Subsidiary

  	
   

  	
  Incorporation/Formation

  	
   

  	
  % Ownership

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Beazer Homes Indiana, LLP

  	
   

  	
  Indiana

  	
   

  	
  Beazer Homes Investments, LLC – 98%

  
	
   

  	
   

  	
   

  	
   

  	
  Beazer Homes Indiana Holdings Corp. – 1%

  
	
   

  	
   

  	
   

  	
   

  	
  Beazer Homes Corp. 1%

  
	
  Beazer Homes Texas, LP

  	
   

  	
  Delaware

  	
   

  	
  Beazer Homes Texas Holdings, Inc. – 1%

  
	
   

  	
   

  	
   

  	
   

  	
  Beazer Homes Corp 99%

  
	
  BH Building Products, LP

  	
   

  	
  Delaware

  	
   

  	
  Beazer Homes Texas,

  LP – 99%

  
	
   

  	
   

  	
   

  	
   

  	
  BH Procurement Services, LLC – 1%

  
	
  BH Procurement Services, LLC

  	
   

  	
  Delaware

  	
   

  	
  Beazer Homes Texas,

  LP – 100%

  
	
  Texas Lone Star Title, LP

  	
   

  	
  Texas

  	
   

  	
  Beazer Homes Sales,

  Inc. – 99%

  
	
   

  	
   

  	
   

  	
   

  	
  Beazer Homes Texas Holdings, Inc. – 1%

  
	
  Trinity Homes, LLC

  	
   

  	
  Indiana

  	
   

  	
  Beazer Homes Investments, LLC 50%

  
	
   

  	
   

  	
   

  	
   

  	
  Beazer Homes Indiana,

  LLP – 50%

  
	
  United Home Insurance Corporation

  	
   

  	
  Vermont

  	
   

  	
  Beazer Homes Holdings Corp. – 26.50%

  
	
   

  	
   

  	
   

  	
   

  	
  Beazer Homes Texas Holdings, Inc. –
  27.28%

  
	
   

  	
   

  	
   

  	
   

  	
  Beazer Homes Corp. 46.22%

  

 

 

Schedule 4.14

 

ENVIRONMENTAL MATTERS

 

The following matters have been disclosed by the Borrower in its
Quarterly Report on Form 10Q for the quarter ended June 30, 2005 as
filed with the Securities and Exchange Commission:

 

In November 2003,
Beazer Homes received a request for information from the United States
Environmental Protection Agency (the “EPA”) pursuant to Section 308 of the
Clean Water Act seeking information concerning the nature and extent of storm
water discharge practices relating to certain of the Company’s projects
completed or under construction.  The EPA
has since requested information on additional projects and has conducted site
inspections at a number of locations.  In
certain instances, the EPA or the equivalent state agency has issued
Administrative Orders identifying alleged instances of noncompliance and
requiring corrective action to address the alleged deficiencies in storm water
management practices.  As of June 30,
2005, no monetary penalties have been imposed in connection with such
Administrative Orders.  The EPA has
reserved the right to impose monetary penalties at a later date, the amount of
which, if any, cannot currently be estimated. 
Beazer Homes has taken action to comply with the requirements of each of
the Administrative Orders and is working to otherwise maintain compliance with
the requirements of the Clean Water Act.

 

 

Exhibit A

 

GUARANTY

 

THIS
GUARANTY (this “Guaranty”) is made as of August 22,
2005 by the undersigned parties hereto (collectively, the “Guarantors”) in
favor of the Agent, for the benefit of the Lenders under the Credit Agreement
referred to below.

 

WITNESSETH:

 

WHEREAS,
Beazer Homes USA, Inc., a Delaware corporation (the “Borrower”) and
JPMorgan Chase Bank, N.A., as Agent (the “Agent”), and certain other Lenders
from time to time party thereto have entered into a certain Credit Agreement
dated as of August 22, 2005 (as same may be amended or modified from time
to time, the “Credit Agreement”), providing, subject to the terms and
conditions thereof, for extensions of credit to be made by the Lenders to the
Borrower;

 

WHEREAS,
it is a condition precedent to the execution of the Credit Agreement by the
Agent and the Lenders that each of the Guarantors execute and deliver this
Guaranty whereby each of the Guarantors shall guarantee the payment when due,
subject to Section 9 hereof, of all Guaranteed Obligations, as defined
below; and

 

WHEREAS,
in consideration of the financial and other support that the Borrower has
provided, and in consideration of such financial and other support as the
Borrower may in the future provide, to the Guarantors, and in order to induce
the Lenders and the Agent to enter into the Credit Agreement, and because each
Guarantor has determined that executing this Guaranty is in its interest and to
its financial benefit, each of the Guarantors is willing to guarantee the
obligations of the Borrower under the Credit Agreement, any Note and any other
Loan Documents;

 

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

 

SECTION 1.           Defined Terms. “Guaranteed
Obligations” is defined in Section 3 below.  Other capitalized terms used herein but not
defined herein shall have the meaning set forth in the Credit Agreement.

 

SECTION 2.           Representations and Warranties.  Each of the Guarantors represents and
warrants (which representations and warranties shall be deemed to have been
renewed upon each advance of a Loan and on each Issuance Date under the Credit
Agreement) that:

 

(a)           It is (in
the case of a corporation) a corporation duly incorporated or (in the case of a
limited partnership) a limited partnership duly formed or (in the case of a
limited liability company) a limited liability company duly formed, validly
existing, and in good standing under the laws of the jurisdiction of its
incorporation or formation; has the power and authority to own its assets and
to transact the business in which it is now engaged or proposed to be engaged
in;

 

1

 

and
is duly qualified and in good standing under the laws of each other jurisdiction
in which such qualification is required.

 

(b)           The
execution, delivery and performance by it of this Guaranty have been duly
authorized by all necessary corporate, partnership or limited liability company
action, as the case may be, and do not and will not (1) require any
consent or approval of its stockholders, partners or members (as applicable)
(except such consents as have been obtained as of the date hereof); (2) contravene
its charter or bylaws, partnership agreement or articles or certificate of
formation or operating agreement (as applicable); (3) violate, in any
material respect, any provision of any law, rule, regulation (including,
without limitation, Regulations U and X of the Board of Governors of the
Federal Reserve System), order, writ, judgment, injunction, decree,
determination, or award presently in effect having applicability to it; (4) result
in a breach of or constitute a default under any indenture or loan or credit
agreement or any other material agreement, lease, or instrument to which it is
a party or by which it or its properties may be bound or affected; (5) result
in, or require, the creation or imposition of any Lien, upon or with respect to
any of the properties now owned or hereafter acquired by it; and (6) cause
it to be in default, in any material respect, under any such law, rule,
regulation, order, writ, judgment, injunction, decree, determination, or award
or any such indenture, agreement, lease or instrument.

 

(c)           This
Guaranty is its legal, valid, and binding obligation, enforceable against it,
in accordance with its respective terms, except to the extent that such
enforcement may be limited by applicable bankruptcy, insolvency, and other
similar laws affecting creditors’ rights generally.

 

SECTION 3.           The Guaranty.  Subject to Section 9 hereof, each of the
Guarantors hereby absolutely and unconditionally guarantees, as primary obligor
and not as surety, the full and punctual payment (whether at stated maturity,
upon acceleration or early termination or otherwise, and at all times
thereafter, at the time and in the manner and otherwise in accordance with the
terms of the Credit Agreement) and performance of the Obligations, including
without limitation any such Obligations incurred or accrued during the pendency
of any bankruptcy, insolvency, receivership or other similar proceeding,
whether or not allowed or allowable in such proceeding (collectively, subject
to the provisions of Section 9 hereof, being referred to collectively as
the “Guaranteed Obligations”).  Upon failure
by the Borrower to pay punctually any such amount, each of the Guarantors
agrees that it shall forthwith on demand pay to the Agent for the benefit of
the Lenders, the amount not so paid at the place and in the manner specified in
the Credit Agreement, any Note or any other Loan Document, as the case may
be.  This Guaranty is a continuing
guaranty of payment and not of collection. 
Each of the Guarantors waives any right to require the Lender to sue the
Borrower, any other guarantor, or any other Person obligated for all or any
part of the Guaranteed Obligations, or otherwise to
enforce its payment against any collateral securing all or any part of the
Guaranteed Obligations.

 

SECTION 4.           Guaranty Unconditional.  Subject to Section 9 hereof, the obligations
of each of the Guarantors hereunder shall be unconditional and absolute and,
without limiting the generality of the foregoing, shall not be released,
discharged or otherwise affected by:

 

(i)            any extension, renewal, settlement, compromise, waiver or release
in respect of any of the Guaranteed Obligations, by

 

2

 

operation of law or otherwise, or
any obligation of any other guarantor of any of the Guaranteed Obligations, or
any default, failure or delay, willful or otherwise, in the payment or
performance of the Guaranteed Obligations;

 

(ii)           any modification or amendment of or supplement to the Credit
Agreement, any Note or any other Loan Document;

 

(iii)          any
release, nonperfection or invalidity of any direct or indirect security for any
obligation of the Borrower under the Credit Agreement, any Note, any other Loan
Document or any obligations of any other guarantor of any of the Guaranteed
Obligations, or any action or failure to act by the Agent, any Lender or any
Affiliate of any Lender with respect to any collateral securing all or any part
of the Guaranteed Obligations;

 

(iv)          any
change in the corporate existence, structure or ownership of the Borrower or
any other guarantor of any of the Guaranteed Obligations, or any insolvency,
bankruptcy, reorganization or other similar proceeding affecting the Borrower,
or any other guarantor of the Guaranteed Obligations, or its assets or any
resulting release or discharge of any obligation of the Borrower or any other
guarantor of any of the Guaranteed Obligations;

 

(v)           the
existence of any claim, setoff or other rights which the Guarantors may have at
any time against the Borrower, any other guarantor of any of the Guaranteed
Obligations, the Agent, any Lender or any other Person, whether in connection
herewith or any unrelated transactions;

 

(vi)          any
invalidity or unenforceability relating to or against the Borrower, or any
other guarantor of any of the Guaranteed Obligations, for any reason related to
the Credit Agreement, any Note, any other Loan Document or any provision of
applicable law or regulation purporting to prohibit the payment by the
Borrower, or any other guarantor of the Guaranteed Obligations, of the Borrower
of or interest on any Note or any other amount payable by the Borrower under
the Credit Agreement, any Note or any other Loan Document;

 

(vii)         any
law, regulation or order of any jurisdiction, or any other event, affecting any
term of any Guaranteed Obligation or any Lender’s rights with respect thereto;
or

 

(viii)        any other act or omission to act or delay of any kind by the
Borrower, any other guarantor of the Guaranteed Obligations, the

 

3

 

Agent, any Lender or any other Person or any other
circumstance whatsoever which might, but for the provisions of this paragraph,
constitute a legal or equitable discharge of any Guarantor’s obligations
hereunder.

 

SECTION 5.           Discharge Only Upon Payment In Full: Reinstatement In
Certain Circumstances.  Each
of the Guarantor’s obligations hereunder shall remain in full force and effect
until all Guaranteed Obligations shall have been indefeasibly paid in full and
the Commitments under the Credit Agreement shall have terminated or
expired.  If at any time any payment of
the Borrower of or interest on any Note or any other amount payable by the
Borrower or any other party under the Credit Agreement, any Note or any other
Loan Document is rescinded or must be otherwise restored or returned upon the
insolvency, bankruptcy or reorganization of the Borrower or otherwise, each of
the Guarantor’s obligations hereunder with respect to such payment shall be
reinstated as though such payment had been due but not made at such time.

 

SECTION 6.           Waivers.  Each of the Guarantors irrevocably waives
acceptance hereof, presentment, demand, protest and, to the fullest extent
permitted by law, any notice not provided for herein, as well as any
requirement that at any time any action be taken by any Person against the
Borrower, any other guarantor of any of the Guaranteed Obligations, or any
other Person.

 

SECTION 7.           Subordination; Subrogation.  Each of the Guarantors hereby subordinates to
the Guaranteed Obligations all indebtedness or other liabilities of the
Borrower or to any other Guarantor to such Guarantor.  Each of the Guarantors hereby further agrees
not to assert any right, claim or cause of action, including, without
limitation, a claim for subrogation, reimbursement, indemnification or otherwise,
against the Borrower arising out of or by reason of this Guaranty or the
obligations hereunder, including, without limitation, the payment or securing
or purchasing of any of the Guaranteed Obligations by any of the Guarantors
unless and until the Guaranteed Obligations are indefeasibly paid in full and
all Commitments have terminated or expired.

 

SECTION 8.           Stay of Acceleration.  If acceleration of the time for payment of
any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or
reorganization of the Borrower, all such amounts otherwise subject to
acceleration under the terms of the Credit Agreement, any Note or any other
Loan Document shall nonetheless be payable by each of the Guarantors hereunder
forthwith on demand by the Agent made at the request of the Required Lenders.

 

SECTION 9.           Limitation on Obligations.
(a) The provisions of this Guaranty are severable, and in any action or
proceeding involving any state corporate law, or any state, federal or foreign
bankruptcy, insolvency, reorganization or other law affecting the rights of
creditors generally, if the obligations of any Guarantor under this Guaranty
would otherwise be held or determined to be avoidable, invalid or unenforceable
on account of the amount of such Guarantor’s liability under this Guaranty,
then, notwithstanding any other provision of this Guaranty to the contrary, the
amount of such liability shall, without any further action by the Guarantors,
the Agent or any Lender, be automatically limited and reduced to the highest
amount that is valid and enforceable as determined in such action or proceeding
(such highest amount

 

4

 

determined
hereunder being the relevant Guarantor’s “Maximum Liability”).  This Section 9(a) with respect to
the Maximum Liability of the Guarantors is intended solely to preserve the
rights of the Agent hereunder to the maximum extent not subject to avoidance
under applicable law, and neither the Guarantor nor any other person or entity
shall have any right or claim under this Section 9(a) with respect to
the Maximum Liability, except to the extent necessary so that the obligations
of the Guarantors hereunder shall not be rendered voidable under applicable
law.

 

(b)           Each of
the Guarantors agrees that the Guaranteed Obligations may at any time and from
time to time exceed the Maximum Liability of each Guarantor, and may exceed the
aggregate Maximum Liability of all other Guarantors, without impairing this
Guaranty or affecting the rights and remedies of the Agent hereunder.  Nothing in this Section 9(b) shall
be construed to increase any Guarantor’s obligations hereunder beyond its
Maximum Liability.

 

(c)           In the
event any Guarantor (a “Paying Guarantor”) shall make any payment or payments
under this Guaranty or shall suffer any loss as a result of any realization
upon any collateral granted by it to secure its obligations under this
Guaranty, each other Guarantor (each a “Non-Paying Guarantor”) shall contribute
to such Paying Guarantor an amount equal to such Non-Paying Guarantor’s “Pro
Rata Share” of such payment or payments made, or losses suffered, by such
Paying Guarantor.  For the purposes
hereof, each Non-Paying Guarantor’s “Pro Rata Share” with respect to any such
payment or loss by a Paying Guarantor shall be determined as of the date on
which such payment or loss was made by reference to the ratio of (i) such
Non-Paying Guarantor’s Maximum Liability as of such date (without giving effect
to any right to receive, or obligation to make, any contribution hereunder) or,
if such Non-Paying Guarantor’s Maximum Liability has not been determined, the
aggregate amount of all monies received by such Non-Paying Guarantor from the
Borrower after the date hereof (whether by loan, capital infusion or by other
means) to (ii) the aggregate Maximum Liability of all Guarantors hereunder
(including such Paying Guarantor) as of such date (without giving effect to any
right to receive, or obligation to make, any contribution hereunder), or to the
extent that a Maximum Liability has not been determined for any Guarantors, the
aggregate amount of all monies received by such Guarantors from the Borrower
after the date hereof (whether by loan, capital infusion or by other
means).  Nothing in this Section 9(c) shall
affect any Guarantor’s several liability for the
entire amount of the Guaranteed Obligations (up to such Guarantor’s Maximum
Liability).  Each of the Guarantors
covenants and agrees that its right to receive any contribution under this
Guaranty from a Non-Paying Guarantor shall be subordinate and junior in right
of payment to all the Guaranteed Obligations. 
The provisions of this Section 9(c) are for the benefit of
both the Agent and the Guarantors and may be enforced by any one, or more, or
all of them in accordance with the terms hereof.

 

SECTION 10.         Notices.  All notices, requests and other
communications to any party hereunder shall be given or made by telecopier or
other writing and telecopied, or mailed or delivered to the intended recipient
at its address or telecopier number set forth on the signature pages hereof
or such other address or telecopy number as such party may hereafter specify
for such purpose by notice to the Agent in accordance with the provisions of Section 11.02
of the Credit Agreement.  Except as
otherwise provided in this Guaranty, all such communications shall be deemed to
have been duly given when transmitted by telecopier,
or personally delivered or, in the case of a mailed notice sent by certified
mail return-receipt requested, on the date set

 

5

 

forth
on the receipt (provided, that any refusal to accept any such notice shall be
deemed to be notice thereof as of the time of any such refusal), in each case
given or addressed as aforesaid.

 

SECTION 11.         No Waivers. 
No failure or delay by the Agent or any Lenders in exercising any right,
power or privilege hereunder shall operate as a waiver thereof nor shall any
single or partial exercise thereof preclude any other or further exercise
thereof or the exercise of any other right, power or privilege.  The rights and remedies provided in this
Guaranty, the Credit Agreement, any Note or the other Loan Documents shall be
cumulative and not exclusive of any rights or remedies provided by law.

 

SECTION 12.         No Duty to Advise.  Each of the Guarantors assumes all
responsibility for being and keeping itself informed of the Borrower’s
financial condition and assets, and of all other circumstances bearing upon the
risk of nonpayment of the Guaranteed Obligations and the nature, scope and extent
of the risks that each of the Guarantors assumes and incurs under this
Guaranty, and agrees that neither the Agent nor any Lender has any duty to
advise any of the Guarantors of information known to it regarding those
circumstances or risks.

 

SECTION 13.         Successors and Assigns.  This Guaranty is for the benefit of the Agent
and the Lenders and their respective successors and permitted assigns and in
the event of an assignment of any amounts payable under the Credit Agreement,
any Note or any other Loan Documents, the rights hereunder, to the extent
applicable to the indebtedness so assigned, shall be transferred with such
indebtedness.  This Guaranty shall be
binding upon each of the Guarantors and their respective successors and
permitted assigns.

 

SECTION 14.         Changes in Writing.  Neither this Guaranty nor any provision
hereof may be changed, waived, discharged or terminated orally, but only in
writing signed by each of the Guarantors and the Agent with the consent of the
Required Lenders.

 

SECTION 15.         Costs of Enforcement.  Each of the Guarantors agrees to pay all
costs and expenses including, without limitation, all court costs and attorneys’
fees and expenses paid or incurred by the Agent or any Lender or any Affiliate
of any Lender in endeavoring to collect all or any part of the Guaranteed
Obligations from, or in prosecuting any action against, the Borrower, the
Guarantors or any other guarantor of all or any part of the Guaranteed
Obligations.

 

SECTION 16.         GOVERNING LAW; SUBMISSION TO JURISDICTION;
WAIVER OF JURY TRIAL. 
THIS GUARANTY SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAW OF THE STATE OF ILLINOIS.  EACH OF
THE GUARANTORS HEREBY SUBMITS TO THE NONEXCLUSIVE JURISDICTION OF THE UNITED
STATES DISTRICT COURT, AND ANY ILLINOIS STATE COURT, SITTING IN CHICAGO,
ILLINOIS AND FOR PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF OR RELATING
TO THIS GUARANTY (INCLUDING, WITHOUT LIMITATION, ANY OF THE OTHER LOAN
DOCUMENTS) OR THE TRANSACTIONS CONTEMPLATED HEREBY.  EACH OF THE GUARANTORS IRREVOCABLY WAIVES, TO
THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH ANY OF THEM MAY NOW
OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH PROCEEDING BROUGHT IN
SUCH A COURT AND ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT HAS
BEEN BROUGHT IN AN

 

6

 

INCONVENIENT
FORUM.  EACH OF THE
GUARANTORS, AND THE AGENT AND THE LENDERS ACCEPTING THIS GUARANTY, HEREBY
IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING
OUT OF OR RELATING TO THIS GUARANTY OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

SECTION 17.         Taxes, etc.  All payments required to be made by any of
the Guarantors hereunder shall be made without setoff or counterclaim and free
and clear of and without deduction or withholding for or on account of, any
present or future taxes, levies, imposts, duties or other charges of whatsoever
nature imposed by any government or any political or taxing authority thereof
(excluding federal taxation of the overall income of any Lender), provided,
however, that if any of the Guarantors is required by law to make such
deduction or withholding, such Guarantor shall forthwith (i) pay to the
Agent or any Lender, as applicable, such additional amount as results in the
net amount received by the Agent or any Lender, as applicable, equaling the
full amount which would have been received by the Agent or any Lender, as
applicable, had no such deduction or withholding been made, (ii) pay the
full amount deducted to the relevant authority in accordance with applicable
law, and (iii) furnish to the Agent or any Lender, as applicable,
certified copies of official receipts evidencing payment of such withholding
taxes within 30 days after such payment is made.

 

SECTION 18.         Supplemental Guarantors.  Pursuant to Section 5.15 of the Credit
Agreement, additional Subsidiaries shall become obligated as Guarantors
hereunder (each as fully as though an original signatory hereto) by executing
and delivering to the Agent a supplemental guaranty in the form of Exhibit A
attached hereto (with blanks appropriately filled in), together with such
additional supporting documentation required pursuant to Section 5.15 of
the Credit Agreement.

 

IN WITNESS WHEREOF, each of the Guarantors
has caused this Guaranty to be duly executed, under seal, by its authorized
officer as of the day and year first above written.

 

 

	
   

  	
  [Add Guarantor Signatures]

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Address for Notices to all Guarantors

  
	
   

  	
   

  
	
   

  	
  c/o Beazer Homes USA, Inc.

  
	
   

  	
  1000 Abernathy Road

  
	
   

  	
  Suite 1200

  
	
   

  	
  Atlanta, Georgia 30328

  
	
   

  	
  Attention: President

  
	
   

  	
  Tel: (770) 829-3700

  
	
   

  	
  Fax: (770) 481-0431

  

 

7

 

EXHIBIT A

 

SUPPLEMENTAL GUARANTY

 

[Date]

 

JPMorgan Chase
Bank, N.A., as Agent

for the Lenders

 

Ladies and
Gentlemen:

 

Reference is hereby made to (i) that certain Amended and Restated
Credit Agreement, dated as of August 22, 2005, as amended, among Beazer
Homes USA, Inc., the lenders from time to time parties thereto (the “Lenders”),
and JPMorgan Chase Bank, N.A., as a Lender and as Agent (the “Agent”) on behalf
of itself and the other Lenders (as amended, restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”) and (ii) that
certain Guaranty, dated as of August 22, 2005, executed and delivered by
the Guarantors parties thereto in favor of the Agent, for the benefit of the
Lenders (as amended, restated, supplemented or otherwise modified from time to
time, the “Guaranty”).  Terms not defined
herein which are defined in the Credit Agreement shall have for the purposes
hereof the respective meanings provided therein.

 

In accordance with Section 5.15 of the Credit Agreement and Section 18
of the Guaranty, the undersigned, [GUARANTOR]                          ,
a corporation [limited partnership/limited liability company] organized under
the laws of                           ,
hereby elects to be a “Guarantor” for all purposes of the Credit Agreement and
the Guaranty, respectively, effective from the date hereof.

 

Without limiting the generality of the foregoing, the undersigned
hereby agrees to perform all the obligations of a Guarantor under, and to be
bound in all respects by the terms of, the Guaranty, to the same extent and
with the same force and effect as if the undersigned
were a direct signatory thereto.

 

This Supplemental Guaranty shall be construed in accordance with and
governed by the internal laws of the State of Illinois (but otherwise without
regard to the conflict of laws provisions).

 

IN WITNESS WHEREOF, this Supplemental Guaranty has been duly executed
by the undersigned as of the      day of            ,
200  .

 

	
   

  	
  [GUARANTOR]

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

 

1

 

Exhibit B

 

NOTE

 

	
  $

  	
   

  	
                                          ,

  

 

FOR VALUE RECEIVED, the undersigned, BEAZER HOMES USA,
INC., a Delaware corporation (the “Borrower”) HEREBY PROMISES TO PAY to the
order of                                              
(the “Lender”) to JPMORGAN CHASE BANK, N.A., as Agent, at the Agent’s office
located at 1 Bank One Plaza, Chicago, IL (or at such other office as Agent may
from time to time designate in writing), for the account of the applicable
Lending Office of the Lender, in lawful money of the United States and in
immediately available funds, the principal amount of                                
Dollars ($                )
or the aggregate unpaid principal amount of all Loans made to the Borrower by
the Lender pursuant to the Credit Agreement and outstanding on the Termination
Date, whichever is less, and to pay interest from the date of this Note, in
like money, at said office for the account of the applicable Lending Office, at
the time and at a rate per annum as provided in the Credit Agreement.  The Lender is hereby authorized by the
Borrower, but is not required, to endorse on the schedule attached to this
Note held by it the amount and type of each Loan and each renewal, conversion,
and payment of principal amount received by the Lender for the account of the
applicable Lending Office on account of its Loans, which endorsement shall, in
the absence of manifest error, be conclusive as to the outstanding balance of
the Loans made by the Lender; provided, however, that the failure
to make such notation with respect to any Loan or renewal, conversion, or
payment shall not limit or otherwise affect the obligations of the Borrower
hereunder.

 

This Note is one of the Notes referred to in, and is
entitled to the benefits of, the Credit Agreement, dated as of August 22,
2005, between the Borrower, the Lender and certain other lenders party thereto
(which, as it may be amended, modified, renewed or extended from time to time,
is herein called the “Credit Agreement”). 
Terms used herein which are defined in the Credit Agreement shall have
their defined meanings when used herein. 
The Credit Agreement, among other things, contains provisions for
acceleration of the maturity of this Note upon the happening of certain stated
events and also for prepayments on account of principal hereof prior to the
maturity of this Note upon the terms and conditions specified in the Credit
Agreement.

 

The Borrower hereby agrees to pay all reasonable costs
and expenses (including reasonable attorney’s fees and expenses) paid or
incurred by the holder of this Note in the collection of any principal or
interest payable under this Note or the enforcement of this Note or any other
Loan Documents.

 

This Note shall be governed by the laws of
the State of Illinois.

 

	
   

  	
  BEAZER HOMES USA, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
							

 

 

SCHEDULE TO NOTE

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Unpaid

  	
   

  	
  Name of

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Amount of

  	
   

  	
  Principal

  	
   

  	
  Person

  	
   

  
	
  Date Made

  	
   

  	
  Type of

  	
   

  	
  Principal

  	
   

  	
  Balance of

  	
   

  	
  Making

  	
   

  
	
  or Paid

  	
   

  	
  Loan

  	
   

  	
  Paid

  	
   

  	
  Note

  	
   

  	
  Notation

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

 

Exhibit C

 

COMMITMENT AND ACCEPTANCE

 

This Commitment and Acceptance (this “Commitment and
Acceptance”) dated as of                         ,
200  , is entered into among the parties
listed on the signature pages hereof. 
Capitalized terms used herein and not otherwise defined herein shall
have the meanings attributed to them in the Credit Agreement (as defined
below).

 

PRELIMINARY STATEMENTS

 

Reference is made to that certain Credit Agreement
dated as of August 22, 2005, by and among Beazer Homes USA, Inc., a
Delaware corporation (the “Company”), JPMorgan Chase Bank, N.A., as Agent, and
the Lenders that are parties thereto (as the same may from time to time be
amended, modified, supplemented or restated, in whole or in part and without
limitation as to amount, terms, conditions or covenants, the “Credit Agreement”).

 

Pursuant to Section 2.02.2 of the Credit
Agreement, the Company has requested an increase in the Aggregate Commitment
from $                               
to $                               .  Such increase in the Aggregate Commitment is
to become effective on                                  ,
            (the “Increase
Date”) [THIS DATE IS TO BE MUTUALLY AGREED UPON BY THE BORROWER, THE ACCEPTING
LENDER AND AGENT IN ACCORDANCE WITH THE PROVISIONS OF SECTION 2.02.2(b) OF
THE CREDIT AGREEMENT].  In connection
with such requested increase in the Aggregate Commitment, the Borrower, Agent
and                                  
(“Accepting Lender”) hereby agree as follows:

 

1.  ACCEPTING
LENDER’S COMMITMENT.  Effective as of
the Increase Date, [Accepting Lender shall become a party to the Credit
Agreement as a Lender, shall have all of the rights and obligations of a Lender
thereunder, shall agree to be bound by the terms and provisions thereof and
shall thereupon have a Commitment under and for purposes of the Credit
Agreement in an amount equal to the] [the Commitment of Accepting Lender under
the Credit Agreement shall be increased from $                                  
to the] amount set forth opposite Accepting Lender’s name on the signature pages hereof.

 

[2.  REPRESENTATIONS AND
AGREEMENTS OF ACCEPTING LENDER. 
Accepting Lender (a) represents
and warrants that (i) it has full power and authority, and has taken all
action necessary, to execute and deliver this Commitment and Acceptance and to
consummate the transactions contemplated hereby and to become a Lender under
the Credit Agreement, (ii) it satisfies the requirements, if any,
specified in the Credit Agreement that are required to be satisfied by it in
order to become a Lender, (iii) from and after the Increase Date, it shall
be bound by the provisions of the Credit Agreement as a Lender thereunder and
shall have the obligations of a Lender thereunder, (iv) it has received a
copy of the Credit Agreement, together with copies of the most recent financial
statements delivered pursuant to Section 5.08(1) and (2) thereof,
as applicable, and such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into this
Commitment and Acceptance on the basis of which it has made such analysis and
decision independently and without reliance on the Agent or any other Lender,
and (v) if it is a Non-United States Person, it has delivered any
documentation required to be delivered by it pursuant to the terms of the
Credit

 

 

Agreement,
duly completed and executed by the Accepting Lender; and (b) agrees that (i) it
will, independently and without reliance on the Agent or any other Lender, and
based on such documents and information as it shall deem appropriate at the
time, continue to make its own credit decisions in taking or not taking action
under the Loan Documents, and (ii) it will perform in accordance with
their terms all of the obligations which by the terms of the Loan Documents are
required to be performed by it as a Lender.]

 

*Paragraph 2 is to be inserted only if Accepting
Lender is not already a party to the Credit Agreement prior to the Increase
Date.

 

3.  REPRESENTATION
OF THE BORROWER.  The Borrower hereby
represents and warrants that, as of the date hereof and as of the Increase
Date, no event or condition shall have occurred and then be continuing which
constitutes a Default or Event of Default.

 

4.  GOVERNING
LAW.  This Commitment and Acceptance
shall be governed by the internal law, and not the law of conflicts, of the
State of Illinois.

 

5.  NOTICES.  For the purpose of notices to be given under
the Credit Agreement, the address of Accepting Lender (until notice of a change
is delivered) shall be the address set forth in its Administration
Questionnaire delivered to the Agent.

 

 

IN WITNESS WHEREOF, the parties hereto have executed
this Commitment and Acceptance by their duly authorized officers as of the date
first above written.

 

	
   

  	
  BORROWER:

  
	
   

  	
   

  
	
   

  	
  BEAZER HOMES USA, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
  AGENT:

  
	
   

  	
   

  
	
   

  	
  JPMORGAN CHASE BANK N.A.,

  
	
   

  	
  as AGENT

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ACCEPTING LENDER:

  
	
  COMMITMENT:

  	
   

  
	
   

  	
   

  
	
  $

  	
   

  	
   

  	
  [NAME OF ACCEPTING
  LENDER]

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
									

 

 

Exhibit D

 

CERTIFICATE

 

This Certificate is delivered pursuant to the
Credit Agreement dated as of August 22, 2005 among Beazer Homes USA, Inc.,
JPMorgan Chase Bank, N.A. as Agent, and the Lender
party thereto (the “Credit Agreement”). 
Capitalized terms used herein and not defined herein shall have the meanings
provided therefor in the Credit Agreement. 
This Certification is delivered in connection with [a
notice requesting a Borrowing under Section 2.03 OR a notice requesting
issuance, amendment or extension of a Facility Letter of Credit under Section 2.23.4]*.

 

The undersigned hereby certifies as follows:

 

1.             The
representations and warranties contained in Article IV of the Credit
Agreement are correct on and as of the [date of such Borrowing OR Issuance
Date]* as though made on and as of such date except to the extent that any such
representation or warranty is stated to relate solely to an earlier date, in
which case such representation or warranty is correct as of such earlier date.

 

2.             No
Default or Event of Default has occurred and is continuing and would result
from [such Borrowing OR the issuance,
amendment or extension of such Facility Letter of Credit]*.

 

3.             If
applicable under Section 7.03 of the Agreement, upon [such
Borrowing OR the issuance, amendment or extension of such Facility Letter of Credit]*, the Borrowing Base Debt shall not exceed the Borrowing
Base as set forth in the Borrowing Base Certificate delivered by the Borrower
to the Agent as of the most recent Inventory Valuation Date, which Borrowing
Base Certificate is true and correct as of such Inventory Valuation Date.

 

	
  Date:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

*Include appropriate portion of bracketed provision

 

 

Exhibit E

 

LEGAL OPINION OF BORROWER’S
GEORGIA AND DELAWARE COUNSEL

 

(See attached)

 

 

August 22, 2005

 

JPMorgan Chase Bank, N.A.

as Agent for the Lenders under the

below-referenced Credit Agreement

Bank
One Plaza

Mail
Suite 0151

Chicago, Illinois  60670

 

Re:          Credit Agreement, dated as of August 22, 2005
among Beazer Homes USA, Inc., the Lenders Parties Thereto and Bank One, NA as
Agent (the “Credit Agreement”)

 

Ladies
and Gentlemen:

 

We have acted as special counsel to Beazer Clarksburg, LLC, a Maryland limited liability company (“Guarantor”) in
connection with the execution by the Guarantor of the Guaranty (defined below)
under the Credit Agreement.  All
capitalized terms used and not otherwise defined herein shall have the meanings
assigned to such terms in the Credit Agreement.

 

In
acting as special counsel to the Guarantor, and for the purposes of this
Opinion, the undersigned has reviewed the Guaranty dated as of August 22, 2005
(the “Guaranty”).

 

In
addition to the Guaranty, the undersigned has reviewed the following:

 

1.             A Certificate of Good Standing with respect
to the Guarantor issued by the Maryland State Department of Assessments and
Taxation (“SDAT”) and dated August 16, 2005 attached hereto and incorporated by
reference herein as Exhibit A.

 

2.             The Articles of Organization of the Guarantor
attached hereto and incorporated by reference herein as Exhibit B.

 

3.             The Operating Agreement and amendments
thereto of the Guarantor attached hereto and incorporated by reference herein
as Exhibit C.

 

4.             Certificate of the Secretary of Beazer Homes
USA, Inc. and the Subsidiaries of Beazer Homes USA, Inc. Listed on Schedule I
dated August 22, 2005 with attached Resolution by Unanimous Written Consent of
the Board of Directors of Beazer Homes Corp. attached hereto and incorporated
by reference herein as Exhibit D.

 

 

Based
upon the foregoing, the undersigned is of the following opinion as of the date
of this letter:

 

1.             Guarantor is a limited liability company in
good standing in the State of Maryland, is duly
organized and validly existing under the laws of the State of Maryland, is duly
qualified to do business in the State of Maryland, and has all requisite power
to carry on its business and own its property. 
The Guaranty has been duly authorized, executed, and delivered by the
Guarantor.

 

2.             The delivery of, performance of Guarantor’s
obligations under, and consummation of the transactions contemplated by the
Guaranty have been duly authorized by all requisite limited liability company
action on behalf of Guarantor and to the best of our actual knowledge, without
independent inquiry or investigation by us, does not and will not violate any
provision of any law, rule or regulation of the State of Maryland or, to our
actual knowledge, any order, writ, judgment, injunction, decree, judicial
determination or award presently in effect as of the date hereof having direct
applicability to Guarantor which violation would (x) impair its ability to
perform its obligations under the Guaranty or (y) have a material adverse
effect on their financial condition, properties, or operations, or violate its
organizational documents.

 

3.             To the best of our knowledge, no authorization,
consent, approval, license, exemption of or filing or registration with any
court or governmental department, commission, board, bureau, agency or
instrumentality, domestic or foreign, is or will be necessary for the valid
execution, delivery or performance by the Guarantor of the Guaranty.

 

4.             Except as have been disclosed to the Agent in
writing, there are to our knowledge no actions, suits or proceedings pending or
threatened against the Guarantor or its properties before any court or governmental
department, commission, board, bureau, agency or instrumentality, domestic or
foreign, the probable outcome of which would have a material adverse effect on
the consolidated financial condition, properties or operations of the
Guarantor.

 

In
addition to the qualifications set forth above, the Opinions set forth herein
are subject to the following limitations:

 

1.             The undersigned has not made or undertaken to
make any investigation of the state of ownership or title to the property of
any party to the Loan Documents and expresses no opinion with respect to the
title of such property nor as to the priority of the security title, liens or
security interests to be created and perfected by the Loan Documents or any
other document related to the Credit Agreement.

 

2.             The undersigned expresses no opinion as to
the law of any jurisdiction other than the State of Maryland, without giving
effect to the application of any contrary, principles of conflict of laws, as
to which no opinion is expressed.  The
undersigned expresses no opinion as to any matter relating to any state or
federal securities law or regulation. We express no opinion as to the
compliance or the effect of noncompliance with any law, rule or regulation to
which the Guarantor may be subject as a result of your regulatory status, your
syndication of any Loans or your involvement in the transactions contemplated
by the Loan Documents.

 

2

 

3.             In basing the opinions and other matters set
forth herein on “our knowledge”, the words “our knowledge” signify that, in the
course of our representation of the Guarantor in matters with respect to which
we have been engaged by the Guarantor as counsel, no information has come to
our attention that would give us actual knowledge or actual notice that any
such opinions or other matters are not accurate or that any of the foregoing
documents, certificates, reports and information on which we have relied are
not accurate and complete. Except as otherwise stated herein, we have
undertaken no independent investigation or verification of such matters.  The words “our knowledge” and similar
language used herein are intended to be limited to the knowledge of the lawyers
within our firm who have recently worked on matters on behalf of the Guarantor.

 

4.             This opinion is subject in all respects to
the effects of liquidation, conservatorship, insolvency, bankruptcy,
reorganization, moratorium, principles of equity, the doctrines of commercial
reasonableness and unconscionability and other laws generally affecting the
enforcement of creditor’s rights or the collection of debtor’s obligations, to
the power of courts to award damages in lieu of granting equitable remedies
(including the equitable remedy of specific performance), the Federal Tax Lien
Act of 1966, as amended, and to all other applicable federal and state laws,
statutes, ordinances, rules and regulations and the decisions of state and
federal courts of general applicability which may modify, limit, render
unenforceable, delay or otherwise impede certain of the rights and remedies of
Lender, but which in our opinion (except for the economic consequences of any
judicial or procedural delay which may be imposed by, relate to or result from
such laws, statutes, ordinances, rules, regulations and decisions) will not
materially diminish the practical realization of the benefits intended to be
conferred by the Loan Documents or the Credit Agreement.

 

5.             The undersigned expresses no opinion as to
any matter other than as expressly set forth above, and no opinion is or may be
implied or inferred herefrom, and specifically we express no opinion as to (a)
the financial ability of the Guarantor to meet its obligations under the
Guaranty or the Credit Agreement or any document related thereto, (b) the
truthfulness or accuracy of any applications, reports, plans, documents,
financial statements or other matters furnished to Agent or any Lender by or on
behalf of the Guarantor in connection with the Guaranty or (c) the truthfulness
or accuracy of any representation or warranty as to matters of fact made by the
Guarantor in the Guaranty or any other document.

 

The
opinions expressed herein are solely for the use of the addressee, the Lenders
and their respective successors and assigns. The opinions may not be relied
upon by any other person without the prior written approval of the undersigned.
The opinions expressed in this letter are limited to the matters set forth
herein and no other opinion should be inferred beyond the matters expressed as
stated. This letter is to be interpreted in accordance with the report of the
Special Joint Committee on Lawyers’ Opinions in commercial transactions of the
Maryland State Bar Association, Inc.

 

3

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
  FOSSETT & BRUGGER,
  CHARTERED

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  William M. Shipp,
  Principal

  

 

4

 

Exhibit F

 

LEGAL OPINION OF BORROWER’S
ILLINOIS COUNSEL

 

(See attached)

 

 

	
  Direct
  Dial:

  	
  (847)
  330-2406

  
	
  E-mail :

  	
  jgoldman@mpslaw.com

  

 

August
22, 2005

 

JPMorgan Chase Bank, N.A., as Agent

for the lenders referenced in

Credit Agreement described below

131
South Dearborn Street

Mail
Suite 0135

Chicago,
Illinois  60670

 

Re:          JPMorgan Chase Bank, N.A. / Beazer Homes USA,
Inc.

 

Ladies
and Gentlemen:

 

This opinion is given by the
undersigned in its capacity as special Illinois counsel to Beazer Homes USA,
Inc., a Delaware corporation (the “Borrower”) and is furnished to you pursuant
to the provisions of Section 3.01(6) of that certain Credit Agreement (the
“Credit Agreement”) dated as of August 22, 2005 and executed and delivered by
and among the Borrower, the lenders whose names appear on the signature pages
of the Credit Agreement and JPMorgan Chase Bank, N.A., as Agent. All
capitalized terms used as defined terms herein and not defined herein shall
have the meanings assigned thereto pursuant to the Credit Agreement.

 

In connection with the
issuance of this opinion, we have examined copies, identified to our
satisfaction of the Credit Agreement, the Guaranty and the Notes executed and
delivered pursuant to the Credit Agreement (collectively, the “Agreements”) and
have made such investigations of law as we have deemed necessary to render the
opinions set forth below.

 

In our examination, we have
assumed the genuineness of all signatures, the authenticity of all documents
submitted to us as originals, the conformity to originals of all documents
submitted to us as copies and the authenticity of the originals of all documents
submitted to us as copies.

 

We
have assumed further that:

 

(i)            All parties (collectively, the “Parties”) to
the transactions contemplated by the Agreements (collectively, the
“Transactions”) are duly organized, validly existing and in good standing under
the laws of the jurisdiction of their respective organization;

 

 

(ii)           Each of the Parties has (A) full power and
authority to enter into, execute, deliver and perform each of the Agreements,
to the extent each is a party thereto and (B) executed and delivered each of
such Agreements;

 

(iii)          The Transactions have been duly authorized by
all necessary corporate or other action on the part of each of the Parties;

 

(iv)          Each of the Agreements is enforceable against each Party (other than the
Borrower and the Guarantors (the Borrower and the Guarantors hereinafter are
referred to individually as an “Obligor” and collectively as the “Obligors”))
that is signatory thereto (collectively, the “Other Parties”);

 

(v)           Persons acting on behalf of each of the
Parties, including agents and fiduciaries, were duly authorized so to act;

 

(vi)          Each of the Parties has complied with all
laws applicable to it that affect the Transactions and the execution, delivery
and performance of each of the Agreements by each of the Parties which is a
signatory thereto does not violate any provision of any applicable law or
regulation, any organizational document of any such Party, or any order or
decree of any court or arbitrator, or create a default under any agreement that
is binding upon any such Party;

 

(vii)         All factual matters set forth in the
Agreements are true and accurate and there are no agreements or understandings
among any of the parties, written or oral and there is no course of dealing
among any of the Parties that would define, supplement or qualify the terms of
any of the Agreements;

 

(viii)        Each of the Other Parties has complied with
all legal requirements pertaining to its status as such status relates to its
rights to enforce the Agreements against each Obligor;

 

(viii)        The conduct of the Parties to the
Transactions complies with all requirements of good faith, fair dealing and
conscionability;

 

(ix)           All judicial and administrative decisions,
statutes, rules and regulations applicable to this opinion are generally
available to lawyers practicing in the State of Illinois (the “State”) and are
in a format that makes legal research reasonably accessible;

 

(x)           There has not been any mutual mistake of fact
or misunderstanding, fraud, duress or undue influence;

 

2

 

(xi)           All natural persons involved in the
Transactions have sufficient legal capacity to perform their respective
obligations with respect to the execution of the Agreements on behalf of each
Obligor which is a party thereto or to carry out their roles in the
Transactions; and

 

(xii)          Each of the Other Parties has satisfied all
legal requirements that are applicable to it to the extent necessary to make
each of the Agreements enforceable against it.

 

The opinion set forth below
is subject to the following qualifications:

 

a.             the effect of bankruptcy, insolvency,
reorganization, receivership. moratorium, fraudulent
conveyance or similar laws affecting creditors’ rights and remedies generally;

 

b.             the effect of general principles of equity
(regardless of whether enforcement is sought in a proceeding in equity or at
law);

 

c.             the effects of limitations imposed by law or
public policy upon the use of self-help or other remedies provided for in the
Agreements;

 

d.             the effects of limitations affecting the
enforceability of cumulative remedies to the extent such cumulative remedies
purport to or would have the effect of compensating any of the Other Parties in
amounts in excess of the actual loss suffered by any of such Persons;

 

e.             the effects of limitations based upon
enforcement of the covenants or provisions of any of the Agreements which under
the circumstances may violate the implied covenant of good faith and fair
dealing of the Other Parties;

 

f.              the unenforceability under certain
circumstances of provisions indemnifying, or prospectively releasing, a party
against liability for its own wrongful or negligent acts or where the release
or indemnification is contrary to public policy;

 

g.             we express no opinion as to the effect of any
(A) federal or state securities laws and regulations, (B) antitrust and unfair
competition laws and regulations, (C) pension and employment benefit laws and
regulations or (D) construction, environmental, subdivision, zoning, health,
safety or land use laws and regulations;

 

h.             the effects of applicable state and federal
laws, court decisions and constitutional requirements may limit or render
unenforceable

 

3

 

certain of the rights and remedies purportedly available to the Other Parties
under the Agreements. We believe, however, that none of the foregoing laws,
decisions or requirements will materially interfere with the practical and
ultimate realization of the benefits intended to be provided by the Agreements,
although such realization may be delayed and rendered more costly as a result
of the invalidity or unenforceability of such provisions; and

 

i.              we express no opinion as to the
enforceability of any other instruments or documents executed and delivered
pursuant to the Credit Agreement other than the Agreements.

 

Based upon the foregoing and
subject to the qualifications stated herein, we are of the opinion that each of
the Agreements is enforceable against each Obligor in accordance with its
terms.

 

The opinion expressed herein
is based solely upon and limited to the federal laws of the United States and
to the laws of the State of Illinois, all as in effect on the date hereof. In
addition, we express no opinion herein concerning any statutes, ordinances,
administrative decisions, rules or regulations of any county, town,
municipality or special political subdivision (whether created or enabled
through legislative action at the federal, state or regional level). This
opinion is given as of the date hereof and we assume no obligation to advise
you of changes that hereafter may be brought to our attention.

 

This opinion is solely for
the benefit and information of the addressee hereof, the other lenders which
are signatories to the Credit Agreement, together with their successors and
assigns which are permitted under the terms of the Credit Agreement
(collectively, the “Beneficiaries”) and may not be relied on by any one other
than the Beneficiaries. This opinion is rendered solely for the purpose of the Transactions
and should not be relied upon for any other purpose.

 

	
   

  	
  Sincerely yours,

  
	
   

  	
   

  
	
   

  	
  MELTZER, PURTILL &
  STELLE LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Member

  

 

4

 

Exhibit G

 

ASSIGNMENT AND ASSUMPTION

 

This Assignment and Assumption (the “Assignment
and Assumption”) is dated as of the Effective Date set forth below and is
entered into by and between [Insert name of Assignor]
(the “Assignor”) and [Insert name of Assignee]
(the “Assignee”).  Capitalized
terms used but not defined herein shall have the meanings given to them in the
Credit Agreement identified below (as amended, the “Credit Agreement”),
receipt of a copy of which is hereby acknowledged by the Assignee.  The Standard Terms and Conditions set forth
in Annex 1 attached hereto are hereby agreed to and incorporated herein by
reference and made a part of this Assignment and Assumption as if set forth
herein in full.

 

For an agreed consideration, the Assignor hereby irrevocably sells and
assigns to the Assignee, and the Assignee hereby irrevocably purchases and
assumes from the Assignor, subject to and in accordance with the Standard Terms
and Conditions and the Credit Agreement, as of the Effective Date inserted by
the Agent as contemplated below (i) all of the Assignor’s rights and
obligations in its capacity as a Lender under the Credit Agreement and any
other documents or instruments delivered pursuant thereto to the extent related
to the amount and percentage interest identified below of all of such
outstanding rights and obligations of the Assignor under the respective
facilities identified below (including any letters of credit and guarantees
included in such facilities) and (ii) to the extent permitted to be
assigned under applicable law, all claims, suits, causes of action and any
other right of the Assignor (in its capacity as a Lender) against any Person,
whether known or unknown, arising under or in connection with the Credit
Agreement, any other documents or instruments delivered pursuant thereto or the
loan transactions governed thereby or in any way based on or related to any of
the foregoing, including contract claims, tort claims, malpractice claims,
statutory claims and all other claims at law or in equity related to the rights
and obligations sold and assigned pursuant to clause (i) above (the rights
and obligations sold and assigned pursuant to clauses (i) and (ii) above
being referred to herein collectively as the “Assigned Interest”).  Such sale and assignment is without recourse
to the Assignor and, except as expressly provided in this Assignment and
Assumption, without representation or warranty by the Assignor.

 

	
  1.

  	
  Assignor:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
  Assignee:

  	
   

  	
   

  
	
   

  	
   

  	
   [and
  is an Affiliate/Approved Fund of [identify Lender](1)]

  
	
   

  	
   

  	
   

  
	
  3.

  	
  Borrower(s):

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  4.

  	
  Agent:

  	
   

  	
  , as the Agent under the Credit Agreement

  
						

 

(1)           Select as applicable.

1

 

	
  5.

  	
  Credit Agreement:

  	
  [The [amount]
  Credit Agreement dated as of                
  among [name of Borrower(s)], the Lenders
  parties thereto, [name of Agent],
  as Agent, and the other agents parties thereto]

  
	
   

  	
   

  	
   

  
	
  6.

  	
  Assigned Interest:

  	
   

  

 

	
  Aggregate Amount of

  Commitment/Loans

  for all Lenders

  	
   

  	
  Amount of

  Commitment/Loans

  Assigned

  	
   

  	
  Percentage Assigned

  of

  Commitment/Loans(2)

  	
   

  
	
  $

  	
   

  	
   

  	
  $

  	
   

  	
   

  	
   

  	
  %

  
	
  $

  	
   

  	
   

  	
  $

  	
   

  	
   

  	
   

  	
  %

  
	
  $

  	
   

  	
   

  	
  $

  	
   

  	
   

  	
   

  	
  %

  

 

 

Effective Date:  
                                          ,
20      [TO BE INSERTED BY AGENT AND WHICH SHALL BE
THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

 

The terms set forth in this Assignment and Assumption are hereby agreed
to:

 

	
   

  	
  ASSIGNOR

  
	
   

  	
   

  
	
   

  	
  [NAME OF ASSIGNOR]

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ASSIGNEE

  
	
   

  	
   

  
	
   

  	
  [NAME OF ASSIGNEE]

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Title:

  

 

(2)           Set forth, to at least
9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. 

 

2

 

	
  [Consented to and](3) Accepted:

  	
   

  
	
   

  	
   

  
	
   [NAME
  OF AGENT], as

  	
   

  
	
  Agent

  	
   

  
	
   

  	
   

  
	
  By

  	
   

  	
   

  
	
    Title:

  	
   

  
	
   

  	
   

  
	
    [Consented
  to:](4)

  	
   

  
	
   

  	
   

  
	
    [NAME
  OF RELEVANT PARTY]

  	
   

  
	
   

  	
   

  
	
  By

  	
   

  	
   

  
	
  Title:

  	
   

  

 

(3)           To be
added only if the consent of the Agent is required by the terms of the Credit
Agreement. 

 

(4)           To be added only if the consent of the
Borrower and/or other parties (e.g., Issuer) is required by the terms of the
Credit Agreement. 

 

3

 

ANNEX 1

 

	
  [                       ]

  

 

STANDARD TERMS AND CONDITIONS
FOR

ASSIGNMENT AND ASSUMPTION

 

1.  Representations
and Warranties.

 

1.1  Assignor.  The Assignor (a) represents and warrants
that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the
Assigned Interest is free and clear of any lien, encumbrance or other adverse
claim and (iii) it has full power and authority, and has taken all action
necessary, to execute and deliver this Assignment and Assumption and to
consummate the transactions contemplated hereby; and (b) assumes no
responsibility with respect to (i) any statements, warranties or
representations made in or in connection with the Credit Agreement or any other
Loan Document, (ii) the execution, legality, validity, enforceability,
genuineness, sufficiency or value of the Loan Documents or any collateral
thereunder, (iii) the financial condition of the Borrower, any of its
Subsidiaries or Affiliates or any other Person obligated in respect of any Loan
Document or (iv) the performance or observance by the Borrower, any of its
Subsidiaries or Affiliates or any other Person of any of their respective
obligations under any Loan Document.

 

1.2.  Assignee.  The Assignee (a) represents and warrants
that (i) it has full power and authority, and has taken all action
necessary, to execute and deliver this Assignment and Assumption and to
consummate the transactions contemplated hereby and to become a Lender under
the Credit Agreement, (ii) it satisfies the requirements, if any, specified
in the Credit Agreement that are required to be satisfied by it in order to
acquire the Assigned Interest and become a Lender, (iii) from and after
the Effective Date, it shall be bound by the provisions of the Credit Agreement
as a Lender thereunder and, to the extent of the Assigned Interest, shall have
the obligations of a Lender thereunder, (iv) it has received a copy of the
Credit Agreement, together with copies of the most recent financial statements
delivered pursuant to Sections 5.08(1) and (2) thereof, as
applicable, and such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into this
Assignment and Assumption and to purchase the Assigned Interest on the basis of
which it has made such analysis and decision independently and without reliance
on the Agent or any other Lender, and (v) if it is a Non-United States
Person, attached to the Assignment and Assumption is any documentation required
to be delivered by it pursuant to the terms of the Credit Agreement, duly
completed and executed by the Assignee; and (b) agrees that (i) it
will, independently and without reliance on the Agent, the Assignor or any
other Lender, and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or
not taking action under the Loan Documents, and (ii) it will perform in
accordance with their terms all of the obligations which by the terms of the
Loan Documents are required to be performed by it as a Lender.

 

2.  Payments.  From and after the Effective Date, the Agent
shall make all payments in respect of the Assigned Interest (including payments
of principal, interest, fees and

 

1

 

other amounts) to
the Assignor for amounts which have accrued to but excluding the Effective Date
and to the Assignee for amounts which have accrued from and after the Effective
Date.

 

3.  General
Provisions.  This Assignment and
Assumption shall be binding upon, and inure to the benefit of, the parties
hereto and their respective successors and assigns.  This Assignment and Assumption may be
executed in any number of counterparts, which together shall constitute one
instrument.  Delivery of an executed
counterpart of a signature page of this Assignment and Assumption by
telecopy shall be effective as delivery of a manually executed counterpart of
this Assignment and Assumption.  This
Assignment and Assumption shall be governed by, and construed in accordance
with, the law of the State of Illinois.

 

2Exhibit 10.1

 

COMPENSATION
OF LEAD DIRECTOR

 

WHEREAS, the Compensation Committee of the
Board has fully considered the scope of the responsibility and time commitments
of the Lead Director and the practices of comparable companies with respect to
the compensation of such position and based upon such review has advised the
Board of its findings and recommended to the Board of Directors certain changes
in the compensation of the Lead Director;

 

RESOLVED, that the compensation of the Lead
Director be increased to the sum of $12,000/fiscal year of the Company in
addition to all fees and compensation otherwise payable to members of the Board
of Directors, such adjustment to be effective as of July 1, 2005; and

 

FURTHER RESOLVED, that the officers of the
Company are authorized and directed to take such further action as may be
necessary or convenient to effect the foregoing resolutions.

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