Amended and Restated Assignment Agreement between Hudson City Bancorp, Inc. and Employee Stock Ownership Plan Trust of Hudson City Savings Bank

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Summary

This agreement is between Hudson City Bancorp, Inc. (the lender) and the Employee Stock Ownership Plan Trust of Hudson City Savings Bank (the borrower). It transfers the borrower's rights to certain shares of the lender's common stock to the lender as security for a loan, under the terms of a related loan and pledge agreement. The agreement replaces a previous assignment from 1999 and outlines the borrower's obligation to transfer and endorse stock certificates as required by the loan documents.

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EX-10.31 12 y18482exv10w31.htm EX-10.31: FORM OF AMENDED AND RESTATED ASSIGNMENT EX-10.31  

EXHIBIT 10.31
FORM OF AMENDED AND RESTATED ASSIGNMENT
     In consideration of the loan made by Hudson City Bancorp, Inc. (“Lender”) to the Employee Stock Ownership Plan Trust of Hudson City Savings Bank (“Borrower”) pursuant to the Amended and Restated Loan Agreement between the Lender and the Borrower of even date herewith (“Amended and Restated Loan Agreement”) and pursuant to the Amended and Restated Pledge Agreement between the Lender and the Borrower of even date herewith pertaining thereto, subject to the terms of the Amended and Restated Loan Agreement and the Amended and Restated Pledge Agreement, the undersigned Borrower hereby transfers, assigns and conveys to Lender all its right, title and interest in and to those certain shares of common stock of the Lender which are subject to the terms of the Amended and Restated Loan Agreement, and agrees to transfer and endorse to Lender the certificates representing such shares as and when required pursuant to the Amended and Restated Loan Agreement or Amended and Restated Pledge Agreement. This Amended and Restated Assignment supersedes, in its entirety, that certain Assignment dated June 21, 1999 executed by the Borrower in favor of the Lender.
         
    Employee Stock Ownership Plan Trust of Hudson City Savings Bank
 
        
 
  By:   GreatBanc Trust Company, as Trustee and not in any other capacity
 
        
 
  By:   /s/ Stephen J. Hartman, Jr.
 
       
 
        
 
  Title:   Senior Vice President
June 21, 2005