Amendment No. 3 to Receivable Purchase Agreement

EX-10.20 16 d13944exv10w20.txt AMENDMENT NO. 3 TO RECEIVABLE PURCHASE AGREEMENT EXHIBIT 10.20 THIRD AMENDMENT TO RECEIVABLES PURCHASE AGREEMENT THIS THIRD AMENDMENT TO RECEIVABLES PURCHASE AGREEMENT, dated as of July 2, 2003 (this "Amendment"), is entered into among ATRIUM FUNDING CORP., a Delaware corporation, as seller (the "Seller"), ATRIUM COMPANIES, INC., a Delaware corporation, as initial servicer (in such capacity, together with its successors and permitted assigns in such capacity, the "Servicer"), FAIRWAY FINANCE CORPORATION, a Delaware corporation (the "Purchaser"), and BMO NESBITT BURNS CORP., a Delaware corporation as agent for the Purchaser (in such capacity, together with its successors and assigns in such capacity, the "Agent"). BACKGROUND 1. The Seller, the Servicer, the Purchaser and the Agent are parties to that certain Receivables Purchase Agreement, dated as of July 31, 2001 (as amended through the date hereof, the "Receivables Purchase Agreement"). 2. The parties hereto desire to amend the Receivables Purchase Agreement as set forth herein. NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: SECTION 1. Definitions. Capitalized terms used in this Amendment and not otherwise defined herein shall have the meanings assigned thereto in the Receivables Purchase Agreement. SECTION 2. Amendment. The definition of "Purchase Limit" is hereby amended by deleting the number "$42,000,000" where it appears therein and replacing it therewith by "$50,000,000". SECTION 3. Miscellaneous. This Amendment may be executed in any number of counterparts and by the different parties on separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same agreement. This Amendment shall be governed by, and construed in accordance with, the internal laws of the State of New York. The Receivables Purchase Agreement, as amended hereby, remains in full force and effect. Any reference to the Receivables Purchase Agreement after the date hereof shall be deemed to refer to the Receivables Purchase Agreement as amended hereby, unless otherwise expressly stated therein. [signature pages follow] IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective, duly authorized officers as of the date and year first-above written. ATRIUM FUNDING CORP., as Seller By: ---------------------------- Name Printed: ------------------ Title: ------------------------- S-1 ATRIUM COMPANIES, INC., as Servicer By: ---------------------------- Name Printed: ------------------ Title: ------------------------- S-2 BMO NESBITT BURNS CORP., as Agent By: ---------------------------- Name Printed: ------------------ Title: ------------------------- By: ---------------------------- Name Printed: ------------------ Title: ------------------------- S-3 FAIRWAY FINANCE CORPORATION, as Purchaser By: ---------------------------- Name Printed: ------------------ Title: ------------------------- S-4