SEC Contract Filing

Filing Date: 2015-02-27

Document Content:
<DOCUMENT>
<TYPE>EX-10.46
<SEQUENCE>6
<FILENAME>clny201410-kexhibit1046ame.htm
<DESCRIPTION>AMENDMENT NO. 1 TO MASTER REPURCHASE AGREEMENT
<TEXT>
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 <title>CLNY 2014 10-K Exhibit 10.46 Amendment1toJPMorganRepurchaseAgreement</title>
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<a name="s9D33FFB21E952808FC3F4CC1FC4E48BD"></a><div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><br><div style="line-height:120%;padding-bottom:16px;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.46</font></div><div style="line-height:120%;padding-bottom:32px;padding-top:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">AMENDMENT NO. 1 TO MASTER REPURCHASE AGREEMENT</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">AMENDMENT NO. 1 TO MASTER REPURCHASE AGREEMENT, dated as of December 23, 2014 (this &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Amendment</font><font style="font-family:inherit;font-size:12pt;">&#8221;), between CMC LOAN FUNDING A, LLC (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Seller</font><font style="font-family:inherit;font-size:12pt;">&#8221;), and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, a national banking association (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Buyer</font><font style="font-family:inherit;font-size:12pt;">&#8221;). Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Repurchase Agreement (as defined below).</font></div><div style="line-height:120%;padding-top:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">RECITALS</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, Seller and Buyer are parties to that certain Uncommitted Master Repurchase Agreement, dated as of February 5, 2014 (as amended, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Repurchase Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;); and</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, Seller and Buyer have agreed, subject to the terms and conditions hereof, that the Repurchase Agreement shall be amended as set forth in this Amendment; and Colony Financial, Inc. (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Guarantor</font><font style="font-family:inherit;font-size:12pt;">&#8221;) has agreed to make the acknowledgements set forth herein.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">NOW THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Seller and Buyer agree as follows:</font></div><div style="line-height:120%;padding-left:0px;padding-top:16px;text-align:justify;text-indent:96px;"><font style="padding-top:16px;text-align:justify;font-family:inherit;font-size:12pt;font-weight:bold;padding-right:96px;">SECTION 1.</font><font style="font-family:inherit;font-size:12pt;">Amendments to Master Repurchase Agreement. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Article 2 of the Repurchase Agreement is hereby amended by adding the following new defined terms, in correct alphabetical order:</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Guarantor Substitution Date</font><font style="font-family:inherit;font-size:12pt;">&#8221; shall have the meaning specified in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article 3(z)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Joinder Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221; shall mean an executed joinder agreement in the form of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Exhibit XIX</font><font style="font-family:inherit;font-size:12pt;">&#32;of this Agreement.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Pledgor Substitution Date</font><font style="font-family:inherit;font-size:12pt;">&#8221; shall have the meaning specified in </font><font style="font-family:inherit;font-size:12pt;text-deco