Amendment No. 6 to Second and Restated Master Repurchase Agreement, dated December 16, 2020, among Credit Suisse First Boston Mortgage Capital LLC, as administrative agent, Credit Suisse AG, acting through its Cayman Islands Branch, Alpine Securitization LTD, as buyers, and AmeriHome Mortgage Company, LLC, as seller

Contract Categories: Business Finance - Credit Agreements
EX-10.26.2 4 a2242685zex-10_262.htm EX-10.26.2

Exhibit 10.26.2

 

AMENDMENT NO. 6

TO SECOND AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT

 

Amendment No. 6 to Second Amended and Restated Master Repurchase Agreement, dated as of December 16, 2020 (this “Amendment”), among CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC (the “Administrative Agent”), CREDIT SUISSE AG, a company incorporated in Switzerland, acting through its CAYMAN ISLANDS BRANCH, ALPINE SECURITIZATION LTD (the “Buyers”), AMERIHOME MORTGAGE COMPANY, LLC (the “Seller”) and AHMC HOLDING I LLC (the “REO Subsidiary”).

 

RECITALS

 

Administrative Agent, Buyers, Seller and REO Subsidiary are parties to that certain (a) Second Amended and Restated Master Repurchase Agreement, dated as of May 9, 2018 (as amended by Amendment No. 1, dated as of August 22, 2018, Amendment No. 2, dated as of May 3, 2019, Amendment No. 3, dated as of June 19, 2019, Amendment No. 4, dated as of July 27, 2020 and Amendment No. 5, dated as of November 24, 2020, the “Existing Repurchase Agreement”; and as further amended by this Amendment, the “Repurchase Agreement”) and (b) Second Amended and Restated Pricing Side Letter, dated as of May 9, 2018 (as amended, restated, supplemented or otherwise modified from time to time, the “Pricing Side Letter”).  Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Existing Repurchase Agreement or Pricing Side Letter, as applicable.

 

Administrative Agent, Buyers and Seller have agreed, subject to the terms and conditions of this Amendment, that the Existing Repurchase Agreement be amended to reflect certain agreed upon revisions to the terms of the Existing Repurchase Agreement.

 

Accordingly, Administrative Agent, Buyers and Seller hereby agree, in consideration of the mutual promises and mutual obligations set forth herein, that the Existing Repurchase Agreement is hereby amended as follows:

 

SECTION 1.         Definitions.  Section 2 of the Existing Repurchase Agreement is hereby amended by deleting all references to “Maximum Aggregate Purchase Price” and replacing them with “Maximum Available Purchase Price”.

 

SECTION 2.         Conditions Precedent.  This Amendment shall become effective as of the date hereof (the “Amendment Effective Date”), subject to the satisfaction of the following conditions precedent:

 

2.1          Delivered Documents.  On the Amendment Effective Date, the Administrative Agent on behalf of Buyers shall have received the following documents, each of which shall be satisfactory to the Administrative Agent in form and substance:

 

(a)           this Amendment, executed and delivered by the duly authorized officers of the Administrative Agent, the Buyers and the Seller; and

 

(b)           such other documents as the Administrative Agent or counsel to the Administrative Agent may reasonably request.

 


 

SECTION 3.         Representations and Warranties.  Seller hereby represents and warrants to the Administrative Agent and Buyers that it is in compliance with all the terms and provisions set forth in the Repurchase Agreement on its part to be observed or performed, and that no Event of Default has occurred or is continuing, and hereby confirms and reaffirms the representations and warranties contained in Section 13 of the Repurchase Agreement.

 

SECTION 4.         Limited Effect.  Except as expressly amended and modified by this Amendment, the Existing Repurchase Agreement shall continue to be, and shall remain, in full force and effect in accordance with its terms.

 

SECTION 5.         Severability.  Each provision and agreement herein shall be treated as separate and independent from any other provision or agreement herein and shall be enforceable notwithstanding the unenforceability of any such other provision or agreement.

 

SECTION 6.         Counterparts.  This Amendment may be executed by each of the parties hereto on any number of separate counterparts, each of which shall be an original and all of which taken together shall constitute one and the same instrument.  Delivery of an executed counterpart of a signature page of this Amendment in Portable Document Format (PDF) or by facsimile shall be effective as delivery of a manually executed original counterpart of this Amendment.

 

SECTION 7.         GOVERNING LAW.  THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO THE CHOICE OF LAW PROVISIONS THEREOF.

 

[SIGNATURE PAGE FOLLOWS]

 

2


 

IN WITNESS WHEREOF, the undersigned have caused this Amendment to be duly executed as of the date first above written.

 

 

CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC, as Administrative Agent

 

 

 

 

By:

/s/ Margaret Dellafera

 

Name: Margaret Dellafera

 

Title: Vice President

 

 

 

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Buyer

 

 

 

 

By:

/s/ Margaret Dellafera

 

Name: Margaret Dellafera

 

Title: Vice President

 

 

 

 

By:

/s/ Elie Chau

 

Name: Elie Chau

 

Title: Vice President

 

 

 

ALPINE SECURITIZATION LTD, as a Buyer, by Credit Suisse AG, New York Branch as Attorney-in-Fact

 

 

 

 

By:

/s/ Elie Chau

 

Name: Elie Chau

 

Title: Vice President

 

 

 

By:

/s/ Patrick Duggan

 

Name: Patrick Duggan

 

Title: Vice President

 

Signature Page to Amendment No. 6 to Second Amended and Restated Master Repurchase Agreement

 


 

 

AMERIHOME MORTGAGE COMPANY, LLC, as Seller

 

 

 

By:

/s/ Kathleen Conte

 

Name: Kathleen Conte

 

Title: EVP – Capital Markets

 

 

 

AHMC HOLDING I LLC, as REO Subsidiary

 

 

 

By:

/s/ Kathleen Conte

 

Name: Kathleen Conte

 

Title: EVP – Capital Markets

 

Signature Page to Amendment No. 6 to Second Amended and Restated Master Repurchase Agreement