Amendment to Certificate Purchase Agreement among Navistar Financial, Receivables Capital Corporation, and Bank of America (January 2002)

Contract Categories: Business Finance › Modification Agreements
Summary

Navistar Financial Securities Corporation (Seller) and Navistar Financial Corporation (Servicer) request and receive approval from Receivables Capital Corporation and Bank of America to extend the Purchase Expiration Date of their Certificate Purchase Agreement to January 22, 2003. The parties also agree to permanently reduce the Maximum Funded Amount for the Navistar Financial Dealer Note Master Trust Series 2000-VFC to $25 million. This amendment is effective as of the date of the letter and is signed by all parties involved.

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EX-10.107 9 exhibit10_107.htm EXHIBIT 10.107 exhibit10_107.htm
 
January 23, 2002
 
Receivables Capital Corporation
 c/o AMACAR
6525 Morrison Boulevard,
Suite 318
Charlotte, NC 28211
 
 
Bank of America, National Association
Global Asset-Backed Securitization
231 South LaSalle St.
Chicago, IL 60697
 
Please be advised that per Section 2.04 of the Certificate Purchase Agreement, among Navistar Financial Securities Corporation, as Seller; Navistar Financial Corporation as Servicer; Receivables Capital Corporation, as the Conduit Purchaser; Bank of America, National Association, as Administrative Agent and Bank of America, National Association, as Committed Purchaser, dated January 28, 2000, the Seller and the Servicer hereby request an extension of the Purchase Expiration Date until January 22, 2003.
 
Additionally, the Seller and Servicer hereby request per Section 2.05 of the Certificate Purchase Agreement, that the Maximum Funded Amount for the Navistar Financial Dealer Note Master Trust Series 2000-VFC be permanently reduced to $25,000,000.00, effective as of the date of this letter.
 
Your signature hereto shall constitute an agreement in writing among the parties to the Certificate Purchase Agreement effective, under the terms of Section 2.04 of the Certificate Purchase Agreement, to extend the Purchase Expiration Date until January 22, 2003 and under the terms of Section 2.05 of the Certificate Purchase Agreement, to reduce the Maximum Funded Amount of the Navistar Financial Dealer Note Master Trust Series 2000-VFC to $25,000,000.
 
(Signatures Continued on the Next Page]
 
 
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Sincerely,
 
NAVISTAR FINANCIAL SECURITIES CORPORATION,
As Seller
 
By:  /s/  R. W. CAIN
Name:   R. Wayne Cain
Title:     Senior Vice President Finance
 
 
NAVISTAR FINANCIAL CORPORATION,
as Servicer
 
By:  /s/  R.W. CAIN
Name:   R. Wayne Cain
Title:     Senior Vice President Finance
 
 

 
Consented and Agreed:
 
RECEIVABLES CAPITAL CORPORATION,
As the Conduit Purchaser
 
By:      /s/  EVELYN ECHEVARRIA
Name:        Evelyn Echevarria
Title:          Vice President
 
 
BANK OF AMERICA, NATIONAL ASSOCIATION,
As Committed Purchaser and as Administrative Agent
 
By:      /s/  MARIANNE MIHALIK
Name:        Marianne Mihalik
Title:          Principal
 
 
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