SEC Contract Filing

Filing Date: 2019-02-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.52
<SEQUENCE>2
<FILENAME>wlh-ex1052x12312018.htm
<DESCRIPTION>EXHIBIT 10.52
<TEXT>
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<div><a name="sc2ab62e7ec254e86b101bfde590c8c68"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Exhibit 10.52</font></div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-style:italic;font-weight:bold;">EXECUTION VERSION</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">New Lender Supplement</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">November 9, 2018</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Reference is made to the Credit Agreement, dated as of May 21, 2018 (as amended, amended and restated, supplemented, restated or otherwise modified from time to time, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Credit Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;; unless otherwise defined herein, terms defined therein being used herein as therein defined), among WILLIAM LYON HOMES, INC., a California corporation, WILLIAM LYON HOMES, a Delaware corporation, the lenders from time to time party thereto (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Lenders</font><font style="font-family:inherit;font-size:12pt;">&#8221;), and JPMORGAN CHASE BANK, N.A., as administrative agent (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Administrative Agent</font><font style="font-family:inherit;font-size:12pt;">&#8221;).</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Upon (a) execution and delivery of this New Lender Supplement, dated as of the date hereof, by the parties hereto as provided in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section&#160;2.21</font><font style="font-family:inherit;font-size:12pt;">&#32;of the Credit Agreement and (b) receipt by the Administrative Agent and the undersigned (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">New Lender</font><font style="font-family:inherit;font-size:12pt;">&#8221;) of the certificate referred to in such </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.21</font><font style="font-family:inherit;font-size:12pt;">&#32;the New Lender hereby becomes a Lender under the Credit Agreement having the Commitment set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Schedule 1</font><font style="font-family:inherit;font-size:12pt;">&#32;attached hereto and shall be bound by the obligations in the Credit Agreement as a Lender and entitled to the benefits of the Credit Agreement, effective as of the Increased Facility Closing Date referred to below.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The Borrower hereby makes to each of the Administrative Agent and the New Lender, on the date hereof and on the Increased Facility Closing Date, each of the representations and warranties contained in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 4</font><font style="font-family:inherit;font-size:12pt;">&#32;of the Credit Agreement, and each of such representations and warranties is hereby incorporated by reference herein. The New Lender (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this New Lender Supplement and to become a Lender under the Credit Agreement, (ii) it meets all requirements of an Eligible Assignee under the Credit Agreement and (iii) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.1</font><font style="font-family:inherit;font-size:12pt;">&#32;thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter in this New Lender Supplement on the basis of which it has made such analysis and decision; and (b) agrees that (i) it will, independently and without reliance on the Administrative 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