CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED. [***] INDICATES THAT INFORMATION HAS BEEN REDACTED.
100 Summer Street, Suite 3232
Boston, MA 02110
Guild Mortgage Company
5898 Copley Drive
San Diego, California 92111
Attention: Terry L. Schmidt
| ||Re: || |
First Amendment to the Amended and Restated Loan and Security Agreement (First Amendment)
Ladies and Gentlemen:
This First Amendment is made as of the 14th day of August, 2020 (the Amendment Effective Date), to that certain Amended and Restated Loan and Security Agreement, dated July 15, 2020, as amended (the Agreement) by and between Guild Mortgage Company (Borrower) and TIAA, FSB, formerly known as EverBank (Bank).
WHEREAS, Borrower requested that Bank amend the Agreement as provided herein; and
WHEREAS, Borrower and Bank have agreed to so amend the Agreement.
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree to amend the Agreement as follows:
SECTION 1. Amendments.
(a) The following definitions contained in Section 1, of the Agreement are hereby amended and restated in its entirety as follows:
Combined Facility Amount shall mean (a) during the Revolving Loan Period, [***] and (b) at any other time and for any other period, [***] minus the then-outstanding principal balance of the Loan.
Maximum Loan Amount means [***] minus the amount by which the outstanding Purchase Price under the Mortgage Warehouse Agreement exceeds [***].
(b) The reference to [***] contained in the fifth sentence of Section 3(a) is replaced with Combined Facility Amout